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)
Sponsored in part by:
Brollies and Bumbershoots 04/16/2018: If you think they refer to umbrellas as bumbershoots in the UK, think again. The word bumbershoot actually originated in the United States! In Britain,... [more]
Cool Your Soup 04/09/2018: According to Nigerian writer Chinua Achebe, it's important to master the basics of writing, but there comes a time when you have to strike out... [more]
Put on the Dog 04/02/2018: Why isn't "you're welcome" the default response to "thank you" for everyone? Plus lies that kids tell, Philadelphia lawyer, cowbelly, skutch, mind-bottling vs. mind-boggling, tsundoku,... [more]
Fighting Artichokes 03/25/2018: What's in a mascot name? Maybe you're a fan of the Banana Slugs, or you cheer for the Winged Beavers. Perhaps your loyalty lies with... [more]
Gee and Haw 03/12/2018: The highly specialized vocabulary of people who work outdoors, communicating with sled dogs, a word from the sport of rock-climbing, church key, browse line, smeuse,... [more]
You must log in to post a comment.