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What is a loofah?

A loofah is a fibrous, cylinder-shaped vegetable product often used in bathrooms as a kind of rough sponge or gentle brush. It is the dried interior of the fruit of a plant know to botanists as Luffa aegyptiaca. Less dignified, though more descriptive, names for this tropical climbing or trailing herb are dishcloth gourd and vegetable gourd. The luffa belongs …

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What is a liquidity trap?

In this age of recession and shrinking world economies, governments, in a bid to increase aggregate demand (AD), may lower interest rates to encourage spending. This is because a lower interest rate makes spending relatively more attractive to consumers and businesses than saving in banks. When a government continues to lower interest rates repeatedly and they reach a level of …

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What is a koan?

A koan is a story, dialogue, question or statement used in the practice of Zen Buddhism. It contains aspects that are generally inaccessible to normal or logical understanding, but which are be accessible at a spiritual level. Koans originate in the sayings and doings of sages, holy persons and legendary figures who are usually teachers subscribing to Buddhism. Koans are …

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What is a lame duck session of Parliament?

A lame duck session is conducted after election of new members but before they are installed. Hence, in such a session participants vote for the last time as elected officials because of their failure to get re-elected or because they are retiring voluntarily. In the US, it is a term for a person or legislature that continues to hold office …

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What is a green collar job?

A green collar job involves working to better the environment, and is created by firms and organizations whose mission is to improve environmental quality. Work could include policies related to waste, energy and water conservation, solar energy, whole home performance and strengthening local food systems. These jobs are generated by sectors that produce goods which may need a green angle, …

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