donut economy
n.— «Economists now refer to the US as having a “donut economy”- it is hollowed at the center, heavily reliant on cheap imports from China, excessive military spending and a corrupted stock market to drive it. The US mortgage scandal has been compared to a Ponzi scheme-funny money, chasing funny money that ultimately vaporizes.» —“World Issues: “M” is for Multilateralism; “D” is for Delusional” by Robert Billyard Canadian Democratic Movement Apr. 10, 2008. (source: Double-Tongued Dictionary)
Further reading
In 1971, when a new public library opened in Troy, Michigan, famous authors and artists were invited to write letters to the city’s youngest readers, extolling the many benefits of libraries. One of the loveliest was from E.B. White, author of...
Loretta in Shreveport, Louisiana, wants to know what lexical and dialectal clues linguists look for when guessing where someone is from. She also wonders: Do people with long careers in the military or who grew up in a military family have a...