Making Dough, Splashing Spondulicks and Wasting Wonga

With the exception of sex, drink and food there are more slang words for money in the English language than for any other thing.

Perhaps due to being the UK’s financial centre since commerce began, most of the slang terms for money originated in London.

In the old East End of London, cockney rhyming slang produced some of the most creative terms and phrases for money. Bees (bees and honey), lolly, readies, folding, wonga and hundreds more terms have emerged from Bow to Wapping and Bethnal Green to Whitechapel over the centuries.

The popularity of different terms comes and goes, new variations crop up and older ones are revived with bewildering regularity.

Back in the 1970s you could ask someone to lend you “a lady” without out it being construed as an illicit request. In the decade that gave us glam rock and punk rock “a lady” meant 5 (Lady Godiva – fiver).

For cockneys and mockneys in the 1990s, if something cost “a bag” it was 1000 (bag of sand – grand). More recently, in gambling circles, “a biscuit” has come to mean 1000. This is not exactly rhyming slang, it’s referring to the size of larger casino chips – which look like biscuits.

Borrowing a pony to boost your macaroni

To confuse things further, over time, slang terms for money begin to refer to other slang terms rather than to an actual thing. In the last 5 years it has become popular to use “macaroni” to mean 25. There is no direct connection between “macaroni” and 25, but it does rhyme with pony…

“A pony” has been used to mean 25 since the 18th century and is still popular today. However, theories about the origins of its use are hotly contested.

Some say 25 was the price of a small horse in the 1700s, others argue it’s because there was a picture of a horse on an Indian 25 rupee note at the time. There are even those that trace it back to biblical stories – far too convoluted to go into here.

Whatever the origin, it keeps on changing and maybe one day in the future etymologists will be arguing over why people in early 21st century used “macaroni” to mean 25 – I’m going to get my theory in early and say, given the current rate of inflation, it was the price of a packet of pasta in 2012.

Wonga, wadge and moola

Immigration and travel has had an impact on the words we use for money. Yiddish speaking immigrants from Russia and Germany in the late 1900s and early 20 century had a huge impact on the English language.

It was common to hear many Londoners refer to their money as shekels right up until the early 1960s.

Moola/moolah is as popular today as it was in the 1930s. “Moola” comes from the word matzah, a type of bread. Dough and bread have been used as terms for money for many years.

Wonga … Read More

Art Internships And Their Power To Enhance Your Surroundings

The mile high city has everything from competitive sports; great food, attractions, and skiing that make it a desirable place to live. When visiting though, many people comment on the extensive amount of public artwork the city showcases across the metropolitan area. Starting at the Denver International Airport, the “Blue Mustang” depicts Denver’s western heritage as it towers 32 feet tall, and is also a sample of what else the city displays. Not to mention Denver’s famous Santa Fe art district that features First Friday Art Walks each month. Whether you are here to stay or visiting for a few days it will be hard to miss the impressive public artwork installations and festivals this city has to offer.

The downtown area of Denver displays some incredible pieces of artwork that will catch anyone’s eye. One that stands tall next to the Denver Performing Arts Center is the “Dancers” statue by, Jonathon Brodsky. This pieces depicting two dancing outside of the DAC Theater is whimsical and displays much talent and simplicity as the large white sculpture looms over Speer Blvd. Standing next to the statue may reminds one of the snow-covered mountaintops or how the beauty of Colorado is simple yet massive. As one continues into the downtown area the Denver Art Museum designed by, Daniel Libeskind, its truly must see landmark in the city. The large and industrially modern building houses world-class artwork, hands on art, and even some classes. This is a great place for an art internship if one has the desire to display their creativity to the public. The building exhibits a unique design with a kaleidoscopic exterior of over a million reflective glass tiles that glimmer in the Denver’s fantastic sunlight. The buildings innovation is artistic and could be a show for itself, without having to enter the museum; this is one place that can’t be missed.

The Denver Convention Center also showcases a particularly recognizable art piece called, “I can see what you mean” by, Lawrence Argent, which is a giant blue bear peeking into the tall windowed wall. This piece is fun, innovative, and captures the wildlife appeal that Colorado has to offer. Along with talented public artwork, Denver has a few incredible art districts. More popular is that on Santa Fe. There are over one hundred galleries showcasing fourteen different art types from mixed media to fashion. On the first Friday of each month, “First Friday Art Walk” takes place showcasing current and new artist. This is an event where the art comes to life and interacts with viewers through street art, face painting, and much more. It’s an event you won’t want to end. All of the artists work hard to showcase their work and gain the proper recognition. Several art internships have used this space to highlight their best works and expose the great talent Denver has to offer.… Read More

Keys To Selecting Your Network Marketing Business

Selecting a network marketing company to begin your home based business can be a daunting task for someone unfamiliar with the industry. While few options offer the advantages that a network marketing business does when it comes to cost to get started, low overhead and potential for economic rewards, finding the right opportunity is key to success. Many network marketers find they have had to join a number of companies before finding the right one. There are some keys to look for to help you find the right business quickly, if you know what they are.

Company Leadership:

Sound company leadership, like any business, should be a key item examined when selecting an opportunity to get involved with. Longevity of the company is something that is a must. Who wants to put the effort into creating a large team of distributors and customers, only to have the company go out of business, taking your paycheck with it? Leadership with proven experience and a long history of success in the network marketing industry is something that should be examined prior to signing up with any business opportunity. There is nothing more important than the management of the company when it comes to selecting an opportunity that is right for you. The potential for large income payouts is what draws people, rightly so, to network marketing, but you want that to be longterm income, not something that you enjoy today and it’s gone tomorrow. Management sets the tone for the company and will be responsible for the future growth of it and your business, as they bring on new products, open international markets, and determine the course that will be navigated in the future.

Compensation Plan:

There are a number of compensation plans that populate the network marketing industry, and there isn’t sufficient space here to discuss them all. But, there are some key things that should be examined when you are considering joining a company.

Does the compensation plan offer those new to the business an opportunity to make money quickly? There is no better feeling than getting that first check when you start your business, and the faster that happens, the more excited the person is to work their business, and more importantly remain with the business. The one big knock against the network marketing industry is the number of people who start a business, but quickly fall away. Ensuring that new distributors make money quickly is a must.

Does the compensation plan encourage teamwork for the long term? Many plans are set up to financially encourage distributors to work with people in their business when they first join, but then, as the business grows and those people end up in a portion that is so large that the distributor above no longer has an incentive to work with them. Look for a pay plan that rewards you for working with you entire team, longterm, regardless of how large your business grows. Of course, you are also interested … Read More

Introduction to Derivatives

Humans have always been inventive through their sojourn in this world, and have come up with innumerable inventions that have made their lives comfortable. Sometimes though, they have done themselves, and their world, a lot of harm, with their inventions.

While many of the human inventions have fulfilled a genuine need, some inventions have served only their contrived needs, and yet others have catered to the baser instincts of man, primarily, greed.

Into which of these above categories does the financial instrument called “derivatives” fit in? Does it serve a genuine need or a contrived one, or only serves to pander to man’s greed? In the light of the present Banking crisis, said to be triggered by the housing mortgage crisis, it would appear that derivatives fall in the last category.

What is a Derivative? A derivative is a kind of financial instrument that does not have a value of its own, but derives it from an underlying base. This base may be an asset, or an index, or even a phenomenon. In a way,a derivative resembles a parasite that feeds off its host.

Derivatives do not have an independent existence of their own. They exist as offshoots of either assets like stocks, commodities, residential mortgages, etc. or indices relating to the stock market, consumer prices, exchange rates, etc., or even phenomena like the weather conditions. They derive their values from assets as described above.

Purpose and Scope: There are several purposes for which derivatives are put to use. Sometimes they are used to cover the risks associated with genuine business transactions, and sometimes for plain profit making. Sometimes it is dictated by necessity, sometimes by inclination. Some of the major purposes of using derivatives are:

Risk Management: The major purpose of having derivatives is to manage or counter risks faced in the business environment, especially that which cannot be dealt with conventionally. It is also called Hedging. Hedging occurs when the risk of the underlying asset is transferred through the medium of the derivative from one person to another. A forward contract in a foreign exchange transaction like export and import is an example of hedging.

Suppose an exporter of wheat based in Chicago exports a consignment of wheat to the United Kingdom, and expects the rate of the British Pound to decline against the U.S. Dollar, he may book a forward contract and sell his pounds at current rates against future delivery of wheat to the U.K.

Speculation: Another purpose for which derivatives are used may be to book extra profits, or profits out of the ordinary, by taking advantage of the favorable movement of the value of the underlying asset. Here the purpose of using derivatives is not hedging, or countering risk, but to scoop up additional profits. This activity is called speculation.

Arbitrage: Yet another purpose of derivatives is called as arbitrage, that is taking advantage of a lower current market value vis a vis, the future value of an asset. Whereas the use … Read More

How Credit Cards Can Spell Trouble

If you think you are a person with low money management skills, then it is in your best interest not to apply for a credit card. Such a card is a great financial tool, however it has to be used responsibly so that you do not end up having to pay more than you can afford when your bill is issued. When you pay with plastic money you do not have the feeling that you are spending any cash and this is one of the reasons why people that have a credit account usually spend more than the people that pay in cash.

This rule applies mostly in the case of small purchases. However you should keep in mind that all those little things that you pay for with your card can add up. Another thing that you should pay attention to is your credit limit, as this is one of the main factors that lead to debt. Some creditors allow you to exceed your credit limit because it benefits them, as they gain a lot more when you will have to pay higher fees for the sum that you exceeded.

Whenever you are opening a credit card account you nearly always have the option of choosing the due day. Do not leave this due time day to be chosen by your creditor since he is not aware of all your expenses and the day that best suits you to pay your bills. Therefore think of the day when you are able to pay your credit card bill and, most importantly, try to make your payments before that date. Usually every day that you are late with paying your credit card bill means additional fees and that can be hard to pay if you have some financial difficulties.

Lastly, if you are unable to pay your credit card bill at the end of the month contact your creditor immediately and try to find a solution with him. Most creditors will not take any legal action against you unless you exceed a period of three months. Do not ignore his e-mails or calls but rather pay him a visit, because your financial situation will only get worse since you need to pay high fees for every day that you are late.

If you think that you cannot respect these simple rules, then the credit card is not the best tool for you.… Read More