wonder bank
n.—Gloss: an organization in Nigeria that falsely promises high returns on low investments, a trick similar to a pyramid scheme. «While not saying the wonder banks were out to dupe the people, the banker said what they promised was just too outrageous and a right-thinking person would not fall for that. “If it was possible for an organisation to return N100,000 on a N27,000 investment after four weeks, then why would people need to work?,” the banker asked.» —“Tears, regrets as ’wonder banks’ suspend operations” by Adewale Oshodi Nigerian Tribune (Ibadan, Nigeria) Oct. 3, 2007. (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...
There was a time when William Shakespeare was just another little seven-year-old in school. Classes in his day were demanding — and all in Latin. A new book argues that this rigorous curriculum actually nurtured the creativity that later flourished...