Word: scheme
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...faculty also authorized Kagan to devise a possible plan for implementing the new grading scheme for current students. The Law School will hold a town hall meeting on Thursday for students to express their views on a transition phase...
...this market, prices go up when people believe they will continue to go up. To restore confidence would mean restoring belief in the greater fool. That shouldn't be hard. It's built into human nature. This is why another term for a Ponzi or pyramid scheme is a confidence trick...
...indignant. What was not so obvious was the ability of real estate, which has always had a slightly rakish air, to drag even the most respectable and conservative parts of the economy down with it. Other problem areas, like Social Security, also have a Ponzi-scheme flavor: the claims on some pile of money exceed the size of the pile. In many of these schemes, the average American plays both the victim and Ponzi himself...
...Choke” raises the question of whether the novel even merited movie treatment. The film’s unusual twist does little more than further muddle the message of what was already a quiet flop.Victor’s search for familial identity and his choking scheme clearly complement his sex addiction and the Freudian construct of the return to the womb—in Victor’s words, “Perfect, beautiful nothing.” A fitting description for “Choke”—if only it had been more inquisitive...
...designed by Bernanke and Paulson socializes the risk of the most toxic real estate assets, which have been polluting Wall Street balance sheets since the advent of the credit crunch over a year ago. In that way, the $700 billion bailout works just like any social security or welfare scheme, by passing costs on to the shoulders of every American taxpayer. This bailout adds roughly $2,000 to the U.S. national debt per capita, rather than letting markets correct household prices and take down more flagship American investment banks. So today is just like...