Word: marketeers
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Dates: during 2000-2009
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Finally, are you ready to monitor the oil market 24/7 - to be peeking at your monitor even while kissing your spouse - and are you well stocked with ulcer medications? Yes, it is that easy. Now for the hard part: profit...
...state had usury laws in the 1920s, and they were circumvented one by one. Prohibitions against excessive interest started to disappear [South Dakota, for instance, loosened its laws in 1980], and once they did, the credit-card companies recognized a wonderful opportunity. They could charge as much as the market would bear, claiming that they had to charge more for bad credit risks. You can argue that's the democratization of credit, but it's in the interest of credit-card companies to keep people under the yoke. We've just swapped loan sharks for legitimate loan sharks. (See pictures...
...that one of the major myths about American society is that we used to be prudent with our money and only recently did we go astray. What's the real history? Americans are speculative people. During and after the Civil War, for instance, there was a lot of stock market and commodities speculation - people trying to make a quick buck. But it was only when financial institutions picked up on that and provided the methods whereby you could buy now and pay later - that very simple concept - that things started to change structurally. Now Americans are more highly leveraged than...
...probably too late for Germany to do anything about its black market in clunkers. The abuse could have been prevented if lawmakers had also created a control system to track each car from the point of hand over to the scrap heap. And the police could have prosecuted dealers who sell the cars instead of scrapping them if lawmakers had made it a crime. Instead, the hands of the police are tied, and as Germany's cash-for-clunkers program runs its course - it's limited to 2 million cars - public interest in cases of abuse will likely fade...
...have to move somewhere with the freedom of speech to share my feelings with others," says the producer. He says that operating as an artist in Iran has become almost impossible because of the heavy-handed Internet filters that block the social-networking sites he relies on to market his music. "When I get out of the country, I will show [the government...