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Economic policy of the George W. Bush administration These companies had outgrown the regulated depository banking sector, but did not have the same safeguards. Further, financial connections were established between the depository banks and shadow banks (e.g., via securitization and special purpose entities) that crea...
https://en.wikipedia.org/wiki?curid=8976498
Economic policy of the George W. Bush administration Concerns about the possible failure of these banks led the financial system to essentially freeze by September 2008. The Federal Reserve increasingly intervened in its role as lender of last resort to stabilize the financial system as the crisis deepened. Bush respon...
https://en.wikipedia.org/wiki?curid=8976498
Economic policy of the George W. Bush administration The fallout from Lehman's failure snowballed into market-wide panic. AIG, an insurance company, had sold credit default swaps insuring against Lehman's failure under the assumption that such a failure was extremely unlikely. Without enough cash to pay out its Lehman-...
https://en.wikipedia.org/wiki?curid=8976498
Gambler's conceit Gambler’s conceit is the fallacy described by behavioral economist David J. Ewing, where a gambler believes they will be able to stop a risky behavior while still engaging in it. This belief frequently operates during games of chance, such as casino games. The gambler believes they will be a net winne...
https://en.wikipedia.org/wiki?curid=8993287
Gambler's conceit However, this is also true in a positive-expectation game if the player with finite resources continually plays and increases his stakes when winning, but does not reduce them when losing. As casinos have a house advantage in games of chance, a casino is more likely over time to take a player's money ...
https://en.wikipedia.org/wiki?curid=8993287
Peça A (Portuguese) (also "boa peça", "peça da India", and "pieza de India" – Piece of India, Spanish) was a unit of value in the slave trade in West Africa through the Cape Verde Islands during the 16th to 18th centuries. A peca was the value of a healthy male or female slave between 15 and 25 years of age. Slaves bet...
https://en.wikipedia.org/wiki?curid=9018549
Means of labor is a concept in Marxist political economy that refers to "all those things with the aid of which man acts upon the subject of his labor, and transforms it." (Institute of Economics of the Academy of Sciences of the U.S.S.R., 1957) include tools and machinery (the "instruments of production"), as well as ...
https://en.wikipedia.org/wiki?curid=9019907
Subject of labor Subject of labor, or object of labor, is a concept in Marxist political economy that refers to "everything to which man's labor is applied." (Institute of Economics of the Academy of Sciences of the U.S.S.R., 1957) The subject of labor may be materials provided directly by nature like timber or coal, o...
https://en.wikipedia.org/wiki?curid=9020117
Hidden asset In finance, a hidden asset is an asset that is not shown on a balance sheet. An example of such an asset is the US$15 billion that United Airlines' frequent flyer program, MileagePlus, was estimated to be worth when it filed for Chapter 11 bankruptcy. In divorce cases, a hidden asset is a property that is ...
https://en.wikipedia.org/wiki?curid=9038774
National Compensation Survey Produced by the Bureau of Labor Statistics (BLS) in the US Department of Labor, the (NCS) provides comprehensive measures of occupational earnings; compensation cost trends, benefit incidence, and detailed plan provisions. It is used to adjust the federal wage schedule for all federal emplo...
https://en.wikipedia.org/wiki?curid=9072241
National Compensation Survey Occupations are benchmarked using a 4-factor leveling system developed by the BLS to assist in comparing compensation data across industries, professions, and geographic boundaries.
https://en.wikipedia.org/wiki?curid=9072241
DigiCash Inc. was an electronic money corporation founded by David Chaum in 1989. transactions were unique in that they were anonymous due to a number of cryptographic protocols developed by its founder. declared bankruptcy in 1998 and subsequently sold its assets to eCash Technologies, another digital currency company...
https://en.wikipedia.org/wiki?curid=9079428
DigiCash This system of Blind Signatures through software improved security for its users through the issuance of secured keys, which prevented third parties from accessing personal information through online transactions. The Mark Twain Bank, later acquired by Mercantile bank, located in Missouri was the only U.S. ban...
https://en.wikipedia.org/wiki?curid=9079428
Regulatory capitalism The term regulatory capitalism suggests that the operation maintenance and development of the global political economy increasingly depends on administrative rules outside the legislatures and the courts. The general trend despite and beyond the process of liberalization is that of growth rather t...
https://en.wikipedia.org/wiki?curid=9086116
Abraham Rotstein (10 April 1929 – 27 April 2015) was a Canadian economist who was a professor of economics at the University of Toronto. He was a fellow of Massey College. He is best known as a co-founder of the Committee for an Independent Canada. He received his doctorate from the University of Toronto in 1967 for th...
https://en.wikipedia.org/wiki?curid=28314161
Daniel M. Hausman (born March 27, 1947 in Chicago, Illinois) is an American philosopher. His research has focussed primarily on methodological, metaphysical, and ethical issues at the boundaries between economics and philosophy. He is currently Herbert A. Simon Professor in the Department of Philosophy at the Universit...
https://en.wikipedia.org/wiki?curid=28335614
Daniel M. Hausman Along with Alexander Rosenberg, he is a philosophical critic of economics. He was elected to the American Academy of Arts and Sciences in 2009. June 6, 2016 - Hausman received the Philosopher's Stone at the University of Bayreuth.
https://en.wikipedia.org/wiki?curid=28335614
Illegal drug trade in El Salvador has included, according to some sources, trans-shipping of cocaine by the Nicaraguan Contras. Former DEA agent Celerino Castillo alleged that during the 1980s Ilopango Airport in El Salvador was used by Nicaraguan Contras for drug smuggling flights with the knowledge and complicity of ...
https://en.wikipedia.org/wiki?curid=28341761
Illegal drug trade in the Bahamas The illegal drug trade in The Bahamas involves trans-shipment of cocaine and marijuana through The Bahamas to the United States. In 1982, a report entitled "The Bahamas: A Nation For Sale" by investigative television journalist Brian Ross was aired on NBC in the United States. The repo...
https://en.wikipedia.org/wiki?curid=28351320
Illegal drug trade in the Bahamas " As a result of the Inquiry, five government ministers either resigned or were dismissed. On 1 September 2019, Hurricane Dorian hit the Bahamas and caused an incredible amount of damage. Some places were unlivable and a great deal of basic resources were needed. Once the hurricane had...
https://en.wikipedia.org/wiki?curid=28351320
Illegal drug trade in the Turks and Caicos Islands involves trans-shipment of cocaine and marijuana through The Turks and Caicos Islands to the United States. Then Chief Minister Norman Saunders was arrested in March 1985 together with Commerce and Development Minister Stanford Missick. Saunders was alleged by the US D...
https://en.wikipedia.org/wiki?curid=28351424
Illegal drug trade in Aruba The illegal drug trade in Aruba involves trans-shipment of cocaine and other drugs through Aruba to the United States. Corruption in Aruba is so widespread that Claire Sterling, widely acclaimed for her works on drugs and crime, said of it: "The world's first independent mafia state emerged ...
https://en.wikipedia.org/wiki?curid=28351679
Potentially all pairwise rankings of all possible alternatives Potentially All Pairwise RanKings of all possible Alternatives (PAPRIKA) is a method for multi-criteria decision making (MCDM) or conjoint analysis, as implemented by decision-making software and conjoint analysis products 1000minds and MeenyMo. The PAPRIKA...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives The following explanations are mostly couched in terms of multi-criteria decision making. Analogous explanations in terms of conjoint analysis are possible but not presented here. As the name implies, "additive" multi-attribute value models with performance...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives An example application of a points system is ranking candidates applying for a job. Imagine that ‘Tom’, ‘Dick’ and ‘Harry’ are three job candidates to be ranked using the value model in Table 1 below. Suppose they are assessed on the five criteria (see Tabl...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives The PAPRIKA method pertains to value models for ranking particular alternatives that are known to decision-makers (e.g. as in the job candidates example above) and also to models for ranking potentially all hypothetically possible alternatives in a pool tha...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives But this still leaves potentially millions or billions of ‘"un"dominated pairs’ – pairs of alternatives where one has a higher ranked category for at least one criterion and a lower ranked category for at least one other criterion than the other alternative...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives only a small fraction of the potentially millions or billions of undominated pairrs – so that the burden on decision-makers is minimized and the method is practicable. PAPRIKA keeps the number of pairwise rankings performed by decision-makers to a minimum b...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives After having completed ranking undominated pairs defined on just two criteria at-a-time, this is followed, if the decision-maker chooses to continue (she can stop at any time), by pairs with successively more criteria (i.e. three criteria, then four, then f...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives For example, approximately 95 explicit pairwise rankings are required for the value model referred to above with eight criteria and four categories each (and 2,047,516,416 undominated pairs to be ranked); 25 pairwise rankings for a model with five criteria ...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives The PAPRIKA method can be easily demonstrated via the simple example of determining the point values (weights) on the criteria for a value model with just three criteria – denoted by ‘a’, ‘b’ and ‘c’ – and two categories within each criterion – ‘1’ and ‘2’,...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives 121 "vs" 111 – corresponding to a1 + b2 + c1 "vs" a1 + b1 + c1) are inherently pairwise ranked due to one having a higher category for at least one criterion and none lower for the other criteria (and no matter what the point values are, given a2 > a1, b2 >...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives Finally, with respect to undominated pairs, 221 "vs" 212, for example, represents candidate 221 who has "good experience" and "poor references" whereas 212 has the opposite characteristics (and they both have "good education"). Thus, which is the better can...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives The undominated pairs are labelled with Roman numerals; the three with asterisks are duplicates of pairs (i)-(iii). As summarized in Figure 2, there are nine undominated pairs (labelled with Roman numerals). However, three pairs are duplicates after any var...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives In summary, here are the six undominated pairs for the value model: The task is to pairwise rank these six undominated pairs, with the objective that the decision-maker is required to perform the fewest pairwise rankings possible (thereby minimizing the bur...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives "good education" "≻" "poor education"), it is clear that (i) b2 + c1 > b1 + c2 (as above) implies pair (iv) (see Figure 2) is ranked as a2 + b2 + c1 > a1 + b1 + c2. This result reflects the transitivity property of ("additive") value models. Specifically, 2...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives Again, this result reflects the transitivity property: (i) 121"≻"112 and (ii) 112"≻"211 implies (iii) 121"≻"211; equivalently, 122"≻"221 and 221"≻"212 implies 122"≻"212. As a result of two explicit pairwise comparisons – i.e. "explicitly" performed by the d...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives Thus, in the context of the example of a value model for ranking job candidates, the most important criterion is revealed to be ("good") "experience" (b, 4 points) followed by "references" (c, 3 points) and, least important, "education" (a, 2 points). Altho...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives Finally, the order in which the decision-maker ranks the undominated pairs affects the number of rankings required. For example, if the decision-maker had ranked pair (iii) "before" pairs (i) and (ii) then it is easy to show that all three would have had to...
https://en.wikipedia.org/wiki?curid=28382955
Potentially all pairwise rankings of all possible alternatives Likewise, identifying all pairs implicitly ranked as corollaries of the explicitly ranked pairs becomes increasingly intractable as the numbers of criteria and categories increase. The PAPRIKA method, therefore, relies on computationally efficient processes...
https://en.wikipedia.org/wiki?curid=28382955
Transportation (journal) Transportation is a peer-reviewed academic journal of research in transportation, published by Springer Science+Business Media. The journal focuses on issues of relevance to the formulation of policy, the preparation and evaluation of plans, and the day-to-day operations management of transport...
https://en.wikipedia.org/wiki?curid=28384962
Ministry of Mines and Energy (Colombia) The Ministry of Mines and Energy () is the national executive ministry of the Government of Colombia that oversees the regulation of the mining and mineral industry and the electricity sector in Colombia, it is similar in its duties to other energy ministries of other countries.
https://en.wikipedia.org/wiki?curid=28404157
Box office futures In finance, box office futures is a type of futures contract in which investors trade shares in upcoming movies based on their predicted performance. In the United States the idea of a futures trading in relation to the success of Hollywood films dates back at least to 1996, when Max Keiser and Micha...
https://en.wikipedia.org/wiki?curid=28431982
Box office futures Before any actual listings or exchanges could be made, a group of film studios, which was led by Motion Picture Association of America, asked the regulatory authorities to ban the practice, stating "that box office futures would be easily manipulated and of no use to the big film companies. " The mai...
https://en.wikipedia.org/wiki?curid=28431982
Earth Economics is a 501c3 non-profit headquartered in Tacoma, Washington, United States. The organization uses natural capital valuation to help decision makers and local stakeholders understand the value of natural capital assets. By identifying, monetizing, and valuing natural capital and ecosystem services, helps c...
https://en.wikipedia.org/wiki?curid=28437161
Earth Economics evolved into an autonomous organization and received IRS 501(c)3 tax exempt, public charity status in March 2006. From 2006 until 2016, co-founder David Batker acted as Earth Economics' Executive Director and Chief Economist. In 2016, Batker moved to a joint President and Chief Economist position. Batke...
https://en.wikipedia.org/wiki?curid=28437161
Journal of Health Economics The is a peer-reviewed academic journal that publishes articles about health economics and related fields concerning human health care and medicine. The journal is published six times annually by Elsevier. The editors-in-chief are M.K. Bundorf (Stanford University), C. Carpenter (Vanderbilt ...
https://en.wikipedia.org/wiki?curid=28439990
Physioeconomics (or physio-economics) is an extension of experimental economics research that collects physiological parameters in addition to recording behavior. These measures can include skin conductance, blood pressure and the pulse of the subject. Experiments typically present subjects with economic decisions in a...
https://en.wikipedia.org/wiki?curid=28442132
Physioeconomics Therefore, the influence of emotions on decisions and behavior is of great interest. Physiological measurements can help explain these elements. The methodology for physically measuring emotions is well–researched and provides an established means dar. The field of neuroeconomics examines brain activity...
https://en.wikipedia.org/wiki?curid=28442132
European Association for Comparative Economic Studies EACES (European Association for Comparative Economic Studies) e.V. is a German Verein. The general purpose of the association is to initiate and co-ordinate international collaboration designed to assist the advancement of theoretical and applied knowledge in the fi...
https://en.wikipedia.org/wiki?curid=28522913
European Association for Comparative Economic Studies The executive committee decides on the exclusion of members. d. The association is not responsible for actions of its members and their consequences. a. The executive committee and the general assembly of the members are the organs of the association. Unless specifi...
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European Association for Comparative Economic Studies There was, therefore, the establishment of a large promoting committee and of a more restricted organizing committee with the aim to prepare for the founding conference of the association. The founding conference was held in Verona (Italy) on 27–29 September 1990 an...
https://en.wikipedia.org/wiki?curid=28522913
European Association for Comparative Economic Studies The association was formally registered at a public notary in Turin (Italy) on 31 January 1991. Since its foundation the association has organized nine general conferences and a number of specialized workshops in several countries.(https://web.archive.org/web/201008...
https://en.wikipedia.org/wiki?curid=28522913
The Royal Award For Islamic Finance The Royal Award for Islamic Finance (RAIF) is an international award that is held every 2 years to recognise one exceptional individual who has excelled in advancing Islamic finance globally through outstanding performance and contribution. The Royal Award provides further impetus to...
https://en.wikipedia.org/wiki?curid=28535688
The Royal Award For Islamic Finance Other distinguished awards in Islamic finance include Islamic Development Bank Prize in Islamic Finance (commonly known as IDB Prize) and Global Leadership in Islamic Finance Award offered by Global Islamic Finance Awards. A diamond shape is commonly used in Arabic calligraphy, to fo...
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The Royal Award For Islamic Finance The selection criteria of The Royal Award for Islamic Finance assess both qualitative and quantitative aspects designed to honour the impact of exceptional contribution and reach in global Islamic finance. This includes financial innovation and pioneering work, exceptional leadership...
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The Royal Award For Islamic Finance The MIFC Executive Committee (ExCo) is chaired by Bank Negara Malaysia Governor, Dr. Zeti Akhtar Aziz, and comprises a high-level group of officials from key Government ministries, and agencies; financial and market regulators and financial institutions. It aims to review/provide pol...
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Spatial econometrics is the field where spatial analysis and econometrics intersect. The term “spatial econometrics” was introduced for the first time by the Belgian economist Jean Paelinck (universally recognised as the father of the discipline) in the general address he delivered to the annual meeting of the Dutch St...
https://en.wikipedia.org/wiki?curid=28544909
Behavioral analysis of markets Behavioral Analysis of Markets is a new area of study, proposed by James Gregory Savoldi, closely related to behavioral finance, behavioral economics and socionomics. Unlike traditional models of behavioral analysis which typically integrate insights from psychology with neo-classical eco...
https://en.wikipedia.org/wiki?curid=28554216
Behavioral analysis of markets Data output created by human reaction to greed and fear thresholds is measurable, and through these measurements future market psychology can be predicted hours, days, weeks, months, years, and even decades before actual trading takes place. Market reversals are an inevitable result of ex...
https://en.wikipedia.org/wiki?curid=28554216
Behavioral analysis of markets " Because of this assumed "law of nature," market participants' reactions to future events—although dynamic in emotional extremes—will continue to elicit greed and fear, driven by the intrinsic human desire to pursue pleasure and to avoid pain, and that in turn will result in predictable ...
https://en.wikipedia.org/wiki?curid=28554216
Behavioral analysis of markets Capitulation within capitulation marks ever-smaller data components of markets such that tick data and monthly data exhibit similar capitulation characteristics. A market participant's ability to withstand pain (losses) will fluctuate on a second by second, minute by minute, hour by hour,...
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Behavioral analysis of markets While technical analysts may use fixed plus and minus tick readings (+1000 to +1200 or -1000 to -1200) as a capitulation trigger to enter sell or buy orders, behavioral analysis ignores fixed interpretations of these types of indicators because crashing markets—such as the US stock market...
https://en.wikipedia.org/wiki?curid=28554216
Global System of Trade Preferences among Developing Countries The (GSTP) is a preferential trade agreement signed on 13 April 1988 with the aim of increasing trade between developing countries in the framework of the United Nations Conference on Trade and Development. Its entry into force was on 19 April 1989 and its n...
https://en.wikipedia.org/wiki?curid=28577732
Protocol on Trade Negotiations The (PTN) is a preferential trade agreement signed on 9 December 1971 with the aim of increasing trade between developing countries in the framework of the General Agreement on Tariffs and Trade. Its entry into force was on 11 February 1973 and its notification to the WTO on 9 November 19...
https://en.wikipedia.org/wiki?curid=28578352
Frank Milne is an Australian and Canadian economist and finance theorist. He is currently BMO Professor of Economics and Finance in the Economics Dept., Queen's University, Canada. Milne's research interests and contributions have included theoretical analysis of financial security pricing; analysis of financial stabil...
https://en.wikipedia.org/wiki?curid=28646756
Cognitive Surplus Cognitive Surplus: How Technology Makes Consumers into Collaborators is a 2010 non-fiction book by Clay Shirky, originally published in with the subtitle "Creativity and Generosity in a Connected Age". The book is an indirect sequel to Shirky's "Here Comes Everybody", which covered the impact of socia...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus A central concern Shirky had in mind when writing it was in illuminating the difference between communal and civic values, and how the Internet is a vehicle for both. In particular, he was interested in showing “effusions of people pooling their spare time and talent” and showing how we can create a c...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus Shirky argues that while all of these are legitimate uses of "cognitive surplus," the civic value (the power to actually change society) that social media provides is what should be celebrated about the Internet. Shirky introduces the Gin Craze as an older version of a modern-day concern. Gin offered ...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus Ushahidi was one of the first examples of a program in response to this surplus of free time being used for a greater good (cognitive surplus). It was a service developed to help citizens track outbreaks of ethnic violence in Kenya. It grew to a bigger and better at reporting over a wide geographical ...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus He references Naomi Wolf’s "The Beauty Myth" and Harvey Swados and uses them as part of his argument. He also brings up ICanHasCheezeBurger, YouTube, and AOL as well, all of which are platforms that anyone can use. Shirky compares all of this to the fifteenth century invention of the Printing press an...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus The use of this public access media is to reach audiences that are "like" the group. Sharers have always had the same interests-or motivations- it is the opportunity that has changed them, and the ability to connect, share, and learn easily. In the fourth chapter, Shirky explores how means and motives...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus In the public sector, digital networks connect people worldwide and give amateurs the opportunity to share their thoughts and work when they normally couldn't. There are no gatekeepers on the Internet; innovation is actively encouraged and younger generations in a changing environment can find their v...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus In his brain surgeon analogy he discusses the values of a professional versus an amateur, and that while in the case of the brain surgeon people prefer the professional, this is not always the case; for instance, in cases such as food critics, people tend to prefer an outlet where ordinary people give...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus Civic value is when groups collaborate on a project that serves to benefit society at large. Point being that value is determined on who is involved and the intended benefactors of their efforts and level of cooperation that is upheld amongst the group, and that ultimately cognitive surplus is the dri...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus He makes several recommendations to his readers, some of them being that to know that it's impractical to start complex, start small, ask questions, and note that behavior is in pursuit of opportunity. The negative criticisms largely address the issue of negative uses of cognitive surplus. For example...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus Sorin Adam Matei of Purdue University, West Lafayette writes, "Despite shortcomings, "Cognitive Surplus" remains overall a very well-written and generally well-informed contribution to our discussion about the social effects of social media. The academic research that shapes some of its assumptions an...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus His approach has been criticized by Farhad Manjoo in "The New York Times" for being too academic and for positive examples of the online use of cognitive surplus. Similarly, Lehmann describes it as "the latest, monotonous installment in the sturdy tradition of exuberant web yay-saying." Lehmann's revi...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus Lehmann also suggests that a cognitive surplus raises a question about what the baseline value of time spent was to begin with, "one," he claims "that might be better phrased as either “Surplus for what?” or “Whose surplus, white man?”" In the same vein, Lehmann accuses Shirky of being myopic. Shirky ...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus Shirky bases a lot of his conclusions of generosity on the Ultimatum Game experiment to which Lehmann objects "The utility of the Ultimatum Game for a new market enabled theory of human nature thins out considerably when one realizes that the players are bartering with unearned money." and if you "Con...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus This is not, I should caution, to brand Shirky as a latter-day apologist for slavery but rather to note that it's an exceptionally arrogant tic of privilege to tell one's economic inferiors, online or off, what they do and do not love, and what the extra-material wellsprings of their motivation are su...
https://en.wikipedia.org/wiki?curid=28649363
Cognitive Surplus Thompson called “the enormous condescension of posterity” but also a dangerous species of economic and civic illiteracy. The Western Cold War attitude has spawned a delusion about the power of information spreading to topple authoritarian regimes. This will not be the case in Eastern countries. Paul B...
https://en.wikipedia.org/wiki?curid=28649363
Constitutional Political Economy is a quarterly peer-reviewed academic journal on constitutional economics published by Springer Science+Business Media. It was established in 1990 and appeared triannually, it has been a quarterly since 1996. The editors-in-chief are Roger D. Congleton (West Virginia University) and Ste...
https://en.wikipedia.org/wiki?curid=28667378
2010 Iceland power outages The Iceland Power outages 2010 was a massive, widespread power outage that occurred nationwide in Iceland, on Wednesday, September 1 to 21, 2010, at approximately 21:00 UTC. At the time, it was one of the most widespread electrical outages in Icelandic history. The three largest aluminium sme...
https://en.wikipedia.org/wiki?curid=28668001
Tumbhi (Meaning in English: "You too") is a leading online community for artists and art lovers. provides a platform to discover, nurture and leverage talent. Brainchild of Mr LC Singh, was launched on 31 August 2010 by Anurag Kashyap, Pankuj Parashar, Kalki, Javed Siddiqui, Sameer, Om Katare, Nirav Shah, Uday Singh an...
https://en.wikipedia.org/wiki?curid=28672966
Chepakovich valuation model The is a specialized discounted cash flow valuation model, originally designed for the valuation of “growth stocks” (ordinary/common shares of companies experiencing high revenue growth rates), and subsequently applied to the valuation of high-tech companies - even those that are (currently)...
https://en.wikipedia.org/wiki?curid=28678350
Chepakovich valuation model The model assumes that fixed expenses will only change at the rate of inflation or other predetermined rate of escalation, while variable expenses are set to be a fixed percentage of revenues (subject to efficiency improvement/degradation in the future – when this can be foreseen). Chepakovi...
https://en.wikipedia.org/wiki?curid=28678350
Disciplinary probation is a disciplinary status that can apply to students at a higher educational institution or to employees in the workplace. For employees, it can result from both poor performance at work or from misconduct. For students, it results from misconduct alone, with poor academic performance instead resu...
https://en.wikipedia.org/wiki?curid=28682747
Zero world government refers to a hypothetical future in which national governments cease to exist or to matter, as a result of globalization and a worldwide rejection of politics, as known today. The term contrasts with that of one world government in the sense that rather than there being a world-state, there are no ...
https://en.wikipedia.org/wiki?curid=28682776
Project finance model A project finance model is a specialized financial model, the purpose of which is to assess the economic feasibility of the project in question. The model's output can also be used in structuring, or "sculpting", the project finance deal. The context: project finance is the long-term financing of ...
https://en.wikipedia.org/wiki?curid=28686112
Project finance model For discussion (i) re cash-flow modelling, see Valuation using discounted cash flows #Determine cash flow for each forecast period; and (ii) re model "calibration", and sensitivity- and scenario analysis, see #Determine equity value. Generally, the model can be subdivided into the following catego...
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Project finance model The Loan life cover ratio (LLCR), similarly is the ratio of the net present value of the cashflow over the scheduled life of the loan to the outstanding debt balance in the period. Other ratios of this sort include the Cash flow available for debt service (CFADS), Drawdown cover ratio (DCR), Histo...
https://en.wikipedia.org/wiki?curid=28686112
SARON stands for Swiss Average Rate Overnight and represents the overnight interest rate of the secured funding market for the Swiss Franc (CHF). (Swiss Average Rate Overnight) is an overnight interest rates average referencing the Swiss Franc CHF. It is based on transactions and quotes posted in the Swiss repo market....
https://en.wikipedia.org/wiki?curid=28699272
SARON Hence, through the Swiss Reference Rates, an additional instrument was created which provides an alternative to the Swiss Franc Libor. The point of departure from Switzerland's yield curve is the SARON, an overnight reference rate based on data from the Swiss Franc repo market, which replaced the former Repo Over...
https://en.wikipedia.org/wiki?curid=28699272
SARON As a risk neutral benchmark, shows considerably lower volatility to changes in bank confidence levels and during turbulent phases compared to a reference rate based on the unsecured money market. For the use of interest rate swaps, this is an essential advantage. Major clearing houses offer to clear swaps based o...
https://en.wikipedia.org/wiki?curid=28699272
SARON SIX is committed to the IOSCO Principles for Financial Benchmarks; it ensures the administration of the SMI Indices is in compliance with the recommendations, and in line with the principle of proportionality they set forth. This also ensures the continued use internationally of these benchmarks for customers and...
https://en.wikipedia.org/wiki?curid=28699272
Sales and trading is one of the key functions of an investment bank. The term refers to the various activities relating to the buying and selling of securities or other financial instruments. Typically an investment bank will perform these tasks on behalf of itself and its clients. In market making, traders will buy an...
https://en.wikipedia.org/wiki?curid=28707082
Sales and trading Banks also undertake risk through proprietary trading (though this is subject to regulation within the US and certain European markets), done by a special set of traders who do not interface with clients and through "principal risk", risk undertaken by a trader after he buys or sells a product to a cl...
https://en.wikipedia.org/wiki?curid=28707082
Anti-austerity movement The anti-austerity movement refers to the mobilisation of street protests and grassroots campaigns that has happened across various countries, especially in Europe, since the onset of the worldwide Great Recession. Anti-austerity actions are varied and ongoing, and can be either sporadic and loo...
https://en.wikipedia.org/wiki?curid=28727337
Anti-austerity movement Sinn Féin, which for the first time won a notable percentage in the election, called for a nationwide referendum over whether the bailout agreement should be scrapped altogether. Labour dismissed this idea. Members of smaller parties, such as the Socialists, People Before Profit Alliance, the WU...
https://en.wikipedia.org/wiki?curid=28727337