Word: loses
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Dates: during 1990-1999
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...mafiosi who pay for nearly everything with crisp $100 bills.) And it holds up pretty well. If you're afraid of banks, you can still grab a coffee can, dig a hole in the backyard and have a pretty secure deposit. But paper cash does have some awful drawbacks. Lose it and it's gone; sit on it and it may lose its value overnight: think about what just happened in Asia, or earlier in South America...
Smart, digital cash may also address some of the other problems of paper money. If you lose your digital cash, for example, you will be able to replace it instantly by asking your computer to invalidate the disappeared digits and replace them with a fresh set. And unlike paper money--which stops earning interest as it shoots out of the ATM slot--smart money can keep earning interest until the moment you spend...
...campaign finance legislation, but as Democrats came within the 14 signatures needed to secure a floor vote by petition, Gingrich conceded, offering to allow a floor vote. "Gingrich read the writing on the wall," says TIME congressional correspondent Jay Carney. "It looked very much like he was going to lose on this issue; that the Democrats were going to get their signatures. The Speaker decided to back down rather than suffer the humiliation of having this bill go to floor under petition." Oh well, there's always the tax issue...
...World Order?s fingerprints all over it. ?We want to prevent the development of the big database in the sky with everyone?s prints in it,? said a spokeswoman for the Privacy Rights Clearinghouse in San Diego. Banks, on the other hand, see dollar signs: They lose around $600 million in fraudulent checks every year. But most customers, like Taussig, simply see a breakdown in trust. Whether his case will give banks a big thumb in the eye is now in the hands of a Berkeley area judge...
...China, the release of a dissident such as Wang Dan is a gift to the West, in exchange for political favors to Beijing. And the political cost of such a gift may be pretty cheap, says TIME U.N. correspondent William Dowell. "Once a dissident leaves China, they lose all influence back home," says Dowell. "The offer of release into exile sparks a huge emotional crisis for many dissidents, who feel that choosing to leave is like choosing to give up. Some even opt instead to stay in prison...