Archive for 02/2012

Lehman 2.0

The financial firm of Lehman Brothers declared bankruptcy in September 2008 -- the largest bankruptcy in U.S. history. Any other large bankruptcy or great financial collapse (Greece, for example)…

Guac (guacamole)

"Guac" (pronounced "walk") is to "guacamole" what "mayo" is to "mayonnaise" -- a clipped version of the word that's popularly spoken (if not…

“It’s breakfast time somewhere”

"It's morning (i.e., breakfast time) somewhere" was popularized by a 2011 television commercial for Kellogg's Crunchy Nut cereal (usually eaten at breakfast). A woman longs to…

Security Theater

"Security theater" is a term that was first used in Bruce Schneier's book Beyond Fear (2003). Schneier wrote, "But some countermeasures provide the feeling of security instead…

ZIRP4EVA (ZIRP + forever)

The term ZIRP (Zero Interest Rate Policy) has been cited in print since at least 2000. but became popular during the financial crisis of 2008. Some financial observers during the crisis speculated…

Fun City

New York's "Fun City" nickname was born in the first days of Mayor John Lindsay's administration in January 1966. There was a transit strike; after observing New York's…