Word: papered
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Dates: during 2000-2009
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...never want to hear the words that come with such a phone call. "We are all wiped out." But they came, and we went numb. We lost, on paper, $1.2 million. My wife's family's combined losses are close to $30 million. We're talking old ladies and men, lawyers, children with Madoff trusts, students in college and an array of others who thought they had the world beat - and they did, at least for a time...
Most of us take for granted that those rectangular green slips of paper we keep in our wallets are inviolable: the physical embodiment of value. But alternative forms of money have a long history and appear to be growing in popularity. It's not merely barter or primitive means of exchange like seashells or beads. Beneath the financial radar, in hip U.S. towns or South African townships, in shops, markets and even banks, people throughout the world are exchanging goods and services via thousands of currency types that look nothing like official tender...
...Paper-money currencies, like BerkShares or the Lewes or Totnes Pound, slip fairly seamlessly into the national economy; their use is taxed like ordinary money. More abstract exchanges are a bit more complicated to deal with. But the tax concern is not insurmountable. "If you use local currency for your main income-generating activity, you must pay income tax," says Hensch, who consults in complementary currencies. Likewise, if you have a business, you'll pay sales tax on any local currency - in New Zealand, that would be Green Dollars, part of LETS - you bring in. But if you trade...
...Center. With Dodge’s 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...
However, the new discovery is just the beginning of a new area of research. Foudi said he plans to continue studying these slow-dividing stem cells, the topic of his next paper...