Word: pounding
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Dates: during 2000-2009
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...Apollo 8 did go. On the morning of Saturday, Dec. 21, 1968, the crew blasted off aboard the 36-story, seven-million-pound Saturn V rocket into Earth orbit. Five hours later, the crew fired the Saturn's upper stage engine and Apollo 8 peeled out for the moon...
...recent years, the impetus for alternative currencies in established economies has stemmed in part from localization movements. Periodically ditching the dollar (or the pound or the yen) in favor of homegrown currency doesn't merely fortify the local economy; it also builds community. People have a stake in their neighbor's well-being because that neighbor represents both market and supply chain. Some argue that such transactions are more secure than others because knowing the person you're dealing with, and his family and friends, serves as a kind of social collateral...
...BerkShares has helped solidify local ties, says Witt. "It's cash, so you have to pay your bills by walking into the store or dentist's office." Local pride does have its challenges, however. In September the town of Lewes in Sussex, England, issued the Lewes Pound - complete with a special-edition beer from Harvey's, a local brewery, to celebrate the introduction. There was an immediate run on the currency, limiting its circulation; Lewes Pounds were going for 35 pounds sterling on eBay. The organizers quickly went back to press and dealt with the situation. As Witt...
...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...
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...