Bill, a substitute teacher in Fishers, Indiana, says that while visiting South Africa, he was surprised to hear an acquaintance use scheme to mean simply “a plan,” without no negative connotation whatsoever. In the UK and Commonwealth countries...
mini-Madoff n.— «Their names lack the Dickensian flair of Bernie Madoff, and the money they apparently stole from investors was a small fraction of the $50 billion that Mr. Madoff allegedly lost of his clients’ savings. But the number of other...
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...
sell away v. phr.— «Lovegren persuaded clients to put money into his schemes, a practice called “selling away” in the brokerage industry. The investments amounted to little more than a Ponzi scheme in which no real investments are made, she said...