2007 Word of the Year: Subprime
Did you catch the word of the year for 2007, as voted by the American Dialect Society?
Subprime beats out Facebook for the honor.
Even the American Dialect Society knows how risky home mortgages are these days.
The group of wordsmiths chose “subprime” as 2007’s Word of the Year at its annual convention Friday.
“‘Subprime’ has been around with bankers for awhile, but now everyone is talking about ‘subprime,”’ said Wayne Glowka, a spokesman for the group and a dean at Reinhardt College in Waleska, Georgia. “It’s affecting all kinds of people in all kinds of places.”
About 80 members of the organization spent two days debating the merits of runners-up “Facebook,” “green,” “Googleganger” and “waterboarding” before voting for an adjective that means “a risky or less than ideal loan, mortgage or investment.”
The choice signifies the public’s concern for a “deepening mortgage crisis,” the society said in a statement.
“Facebook,” as a noun, verb or adjective, was popular with younger linguists, Glowka said. CNN.com
IntoTheBox.TV has the rundown, along with the most realistic assessment of the NYC real estate market we have seen in years. Rachel also opines on the bonus outlook for 2008/09.
Fox Biz or CNBC need to take notice of her work. We would like to see Less Barbara Corcoran, more Rachel. No cheerleading here, just an honest take on the state of the City. Did you tighten your belt yet?
Check her out at IntoTheBox.TV
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