Word: papering
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...Other central banks are making similar calculations, although they are not moving as aggressively - yet. The Bank of Japan will terminate its purchases of corporate debt this December. The Bank of England is cutting back on a program to buy government bonds and commercial paper with newly created money. The European Central Bank is mulling an end to its 12-month loans to banks next year. "Not all our liquidity measures will be needed to the same extent as in the past," says ECB president Jean-Claude Trichet...
...auctioneer in Tokyo reaches up to ring a brass bell, alerting a group of blue-capped, rubber-booted men perusing rows of gray frozen tuna that the bidding is about to begin. He starts to chant out the tuna's serial numbers, written on squares of paper stuck to their bellies. One bidder raises his hand with an offer that the auctioneer weaves into his mantra: "4-5, 4-5, 4-5." That's 4,500 yen - about $50 - one of many offers made for every kilo of the frozen fish on the block that morning. At Tsukiji, the world...
...early years included Albert Einstein in 1921 - the only scientist ever honored with a ticker-tape parade - as well as the U.S. Olympic team in 1924 and Charles Lindbergh in 1927. By then, of course, the tradition had spread: thousands of Chicagoans showered boxer Gene Tunney with paper that year when he arrived in the city to defend his world title; Boston and St. Louis have also held ticker-tape parades, though New York remains their heartland...
...York Stock Exchange officials had grown concerned about the cost of tossing miles of ticker tape out the window any time someone important came to town: they considered buying confetti to distribute to employees but decided against it. In 1932, another irate Times letter writer demanded that lobbing paper be "promptly and strictly banned," to be replaced by tossing flowers or waving handkerchiefs, the more dignified customs of "civilized cities" in Europe and South America...
...complaints had all but vanished, however, by 1945, when V-J day prompted the most lavish ticker-tape parade in history. Revelers celebrating the Allied victory over Japan filled the air with cloth, feathers, hat trimmings, paper and confetti. On Aug. 14, 1945, 3,000 street sweepers worked through the night to clean it up, only to have their efforts undone when the merriment continued the next morning. All told, merrymakers flung 5,438 tons of material on New York City's streets...