Limited Purpose Banking -- for lending, investing, etc. -- Turn all financial firms into mutual funds: "All mutual funds would break the buck with one exception: cash mutual funds. These funds would strictly hold cash and be valued at $1 per share. Owners of these funds would write checks against their balances and never have to worry about a bank run. Fractional reserve banking and the FDIC would be history." [previously] [more inside]
posted by kliuless on May 3, 2009 - 15 comments

Tuaregian band, Tinariwen, are members of a nomadic tribe in the Northwest of Africa which still practises slavery.
posted by gman on Nov 1, 2008 - 44 comments

The Grand Canyon Skywalk, supposedly the highest man made structure in the world, opens this week. While the official website has been up and down, the skywalk has already made it into Snopes and drummed up its share of controversy. Former astronauts John Herrington and Buzz Aldrin joined members of the Hualapai tribe today in the first walk across the structure designed by Mark Johnson of MRJ Architects (slideshow, youtube). For more about all things Grand Canyonesque, you might like Polishing the Jewel: An Administrative History of Grand Canyon National Park. [previously]
posted by jessamyn on Mar 20, 2007 - 80 comments

It's been a rough first two years for new William and Mary president Gene Nichol. First, he reluctantly let go of a beloved logo. Then, he removed a cross from a chapel in America's oldest academic building. Some students and alumni revolted. One threatened to sue, others withheld donations. Nichol backtracked slightly, but to no avail. Outsiders weighed in. Dinesh D'Souza (previously on MeFi) came to campus to debate. Some students support Nichol and are tired of outside attacks. Maybe it wasn't the best timing for W&M to host the Sex Workers Art Show: conservatives are pissed.
posted by naoko on Feb 18, 2007 - 48 comments

Sapir/Whorf raises its head again in study of the Piraha tribe. I can't stop thinking about this article which appeared in the Globe and Mail Friday.

A study appearing today in the journal Science reports that the hunter-gatherers seem to be the only group of humans known to have no concept of numbering and counting. Not only that, but adult Piraha apparently can't learn to count or understand the concept of numbers or numerals, even when they asked anthropologists to teach them and have been given basic math lessons for months at a time ... the Piraha are the only people known to have no distinct words for colours.
They have no written language, and no collective memory going back more than two generations. They don't sleep for more than two hours at a time during the night or day. Even when food is available, they frequently starve themselves and their children, Prof. Everett reports.
They communicate almost as much by singing, whistling and humming as by normal speech.
They frequently change their names, because they believe spirits regularly take them over and intrinsically change who they are.
They have no creation myths, tell no fictional stories and have no art.

Can any of our anthropologists or linguists comment? I had thought that narrative was the common link in all human cultures....
posted by jokeefe on Aug 21, 2004 - 61 comments

"Uncontacted" tribe contacted in Javari region of Amazon
A team of Brazilian anthropologists has made contact with a group of indigenous people in the Amazon region. They had initially only wanted to learn about uncontacted groups indirectly, but chose to seek out this group to make sure they weren't being exploited by a neighboring group.
posted by rschram on Apr 9, 2001 - 9 comments