Word: oiled
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...slashed its overnight rate three quarters of a percentage point, to 1.5%, the lowest level since 1958 when John Diefenbaker was prime minister. The move is intended, in part, to prop up sinking consumer confidence and provide some much-need relief for key sectors such as forestry, mining and oil that have been particularly hard hit in recent months by a commodity bust. (See pictures of the global financial crisis...
...empowerment for those languishing on the margins of fiscal life, granting economic agency to people like the elderly, the disabled or the underemployed, who have little opportunity to earn money. For example, in some systems one can "bank" Time Dollars for tasks like child care and changing motor oil. It's not whether you're employed or what financial assets you have that matter, says Les Squires, a consultant on social-networking software who has been working with groups developing alternative currencies. Each person has "value" that is "exchangeable" on the basis of time spent or a given task...
Some are moved to create currencies for environmental reasons: they minimize the use of energy. With diminishing oil supplies, "we will not be able to move goods around the world as cheaply," says North. One strategy, he says, is to produce more locally, and a way to facilitate that is through local currency. This was one inspiration for the Lewes Pound and for the Totnes Pound in Devon, England. Both towns are part of the Transition Town movement, which seeks creative, upbeat, community-based approaches to dealing with climate change and diminished oil reserves...
Passing beneath banners that proclaim the Andalusian region the "olive oil capital of the world," the African men each carry a plastic bag containing their belongings and a sheet of cardboard to serve as a bed. Their destination is the Santa Clara convent, which has lately turned some of its rooms into a makeshift dormitory. The shelter doesn't open until 10 p.m., but if the men don't arrive early, they won't get a space on the floor for the night...
...help, the Davis Center has assembled an impressive collection of Soviet nonconformist art. The first exhibit of its kind to be installed in the Davis Center, “The Art of Subversion” features 50 pieces, mostly lithographs and etchings on paper as well as photography and oils that span a 30-year period from the mid 1950s to 1980s. The exhibit contains works from the new Davis Center collection as well as pieces on loan from Rutgers University and from Dodge’s personal collection. “This is the first dive into the visual...