Word: thrifts
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Dates: during 2000-2009
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...FDIC funds is raising questions about how well the agency has contained the costs of the credit crisis. Bank failures are not of the FDIC's making: the Federal Reserve failed to rein in mortgage-lending, while regulatory agencies like the Office of Thrift Supervision allowed banks to make loans without adequate capital. But the FDIC has the final say on when and how to close a bank, and some believe it has been waiting too long to act, adding to the cost of failures. Regulators labeled Chicago-based Corus Bank critically undercapitalized in March, but it took the FDIC...
...recent high-profile case that has highlighted the difficulties in authenticating a piece of art is a disputed Jackson Pollock painting, purchased for $5 in 1992 by ex-trucker Teri Horton in a California thrift store. Biro was also involved in that investigation. He matched a partial fingerprint on the canvas to one on a paint can used by Pollock and paint on the canvas to samples from Pollock's studio. Still, despite the forensic evidence, the art community has been reluctant to certify the work. There is no record of the painting's former ownership, and examinations by experts...
Adelson may have changed planes, but he's not changing his strategy of using high-end dining, giant suites and plush convention spaces to attract customers. He does not believe that America is going to fundamentally change its values from extravagance to thrift. "There's no way this world will change. There's no way people are going to stop doing things they want to do ... People aren't going to say, 'I'm going to see Old Faithful or the redwoods instead of taking a trip to Vegas. Or I'll go to Cape Cod with a book...
...size as Washington, D.C. (which Las Vegas is) - that we can't continue to devote as many resources to gambling, tasting menus, spas, strip joints and nightclubs as we do to our national government - then we finally revert from being a nation of optimistic materialism to one of Puritan thrift. The one that not even Cotton Mather could get Americans to buy. (See 10 things to do in Las Vegas...
...avant-garde DJ sets, indie-rock gigs, poetry readings, independent-movie screenings and art-show openings spring up as if spontaneously. Yet even without an event on the cards, the compound's motley venues offer plenty of diversions. It's hard not to find joy within the expansive Grand Thrift House, tel: (63) 920 962 3079, run by a family of antique and curio collectors - expect vintage Elvis posters, brick-sized cell phones and secondhand photography books (if you're lucky, you'll find one that features a youthful Imelda Marcos cavorting with Madame Mao). Pop-culture fiends will delight...