Abu Yahya's definitions
(VERB) to ignore the fact that a particular action was a crime, and focus instead on possible problems it may cause for the perpetrator. Named for Charles Maurice de Talleyrand-Périgord (1754-1838), who famously remarked of Napoleon's murder of the Duc d'Enghein, "It was worse than a crime... It was a blunder."
Sometimes this is misspelled "tallyranding." It's not certain that Talleyrand ever said it; it was probably attributed by his many enemies.
WHY IT'S BAD
In March 1804, when Napoleon Bonaparte was consul of the French Republic, he became aware of the fact that a leader of the royalist opposition was hiding out across the border of France. Napoleon had him kidnapped, brought back to Strasbourg, "tried," and put to death. The unfortunate young man was never accused of doing anything illegal; he had not violated the laws of the French Republic because he was not in France, and when he had been, he was serving the previous government.
Whoever actually said "...worse than a crime...a blunder" was ignoring the fact that it was a crime to murder an innocent person, and focusing instead on the fact that it was DUMB. In some cases, such as this one, it's a reasonable thing to do; but if it becomes a habit then moral judgment is deliberately suspended.
It's the asshole's substitute for moral fiber.
Sometimes this is misspelled "tallyranding." It's not certain that Talleyrand ever said it; it was probably attributed by his many enemies.
WHY IT'S BAD
In March 1804, when Napoleon Bonaparte was consul of the French Republic, he became aware of the fact that a leader of the royalist opposition was hiding out across the border of France. Napoleon had him kidnapped, brought back to Strasbourg, "tried," and put to death. The unfortunate young man was never accused of doing anything illegal; he had not violated the laws of the French Republic because he was not in France, and when he had been, he was serving the previous government.
Whoever actually said "...worse than a crime...a blunder" was ignoring the fact that it was a crime to murder an innocent person, and focusing instead on the fact that it was DUMB. In some cases, such as this one, it's a reasonable thing to do; but if it becomes a habit then moral judgment is deliberately suspended.
It's the asshole's substitute for moral fiber.
There is altogether too much Talleyranding going on. This wasn’t a blunder; it was a crime.
(Taken from the comments of Jim Henley's blog, *Unqualified Offerings*, "I Already Shot You"--May 31, 2010)
(Taken from the comments of Jim Henley's blog, *Unqualified Offerings*, "I Already Shot You"--May 31, 2010)
by Abu Yahya June 3, 2010
Get the Talleyrandingmug. (BUSINESS) a closely-held corporation has all or most of its stock owned by the management of the firm. In many cases, it has no stock at all (see "going public"), in which case it is a private company.
Usually people say "private corporation" to mean any company that is unaffiliated with the government, or any company run mainly for profit. It's impossible to buck this trend, so corporations with no issues of stock, or negligible amounts of stock held by the public, are called "private companies" despite the fact that not all companies are corporations. Cargill, Inc., for example, has annual revenues of $117 billion, but no shares available for trade. On the other hand, PricewaterhouseCoopers and Ernst & Young are private companies but not a corporations. They are limited liability partnerships. The term "closely held" would not apply to them since partnerships do not issue stock.
Usually people say "private corporation" to mean any company that is unaffiliated with the government, or any company run mainly for profit. It's impossible to buck this trend, so corporations with no issues of stock, or negligible amounts of stock held by the public, are called "private companies" despite the fact that not all companies are corporations. Cargill, Inc., for example, has annual revenues of $117 billion, but no shares available for trade. On the other hand, PricewaterhouseCoopers and Ernst & Young are private companies but not a corporations. They are limited liability partnerships. The term "closely held" would not apply to them since partnerships do not issue stock.
Koch Industries is a super-sized, closely held corporation with two owners--Charles and David Koch, heirs to the oil refiner Fred Koch. Thanks to this peculiar status, magazines like Forbes are not allowed to report ANY financial statistics of the company at all (sales figures are suspiciously rounded to "$100,000,000,000.00").
Publix Super Markets (at the other end of the spectrum) is closely held--by its 125,000 employees.
Publix Super Markets (at the other end of the spectrum) is closely held--by its 125,000 employees.
by Abu Yahya September 3, 2010
Get the closely heldmug. The largest Hispanophonic countries, in order of population, are
Mexico (111,211,789)
Colombia (43,677,372)
Argentina (40,913,584)
Spain (40,525,002)
USA (35,000,000?)
Peru (29,546,963)
Venezuela (26,814,843)
Chile (16,601,707)
Ecuador (14,573,101)
Guatemala (13,276,517)
Cuba (11,451,652)
Bolivia (9,775,246)
The Dominican Republic (9,650,054)
Honduras (7,833,696)
El Salvador (7,185,218)
Paraguay (6,995,655)
Nicaragua (5,891,199)
Costa Rica (4,253,877)
Mexico (111,211,789)
Colombia (43,677,372)
Argentina (40,913,584)
Spain (40,525,002)
USA (35,000,000?)
Peru (29,546,963)
Venezuela (26,814,843)
Chile (16,601,707)
Ecuador (14,573,101)
Guatemala (13,276,517)
Cuba (11,451,652)
Bolivia (9,775,246)
The Dominican Republic (9,650,054)
Honduras (7,833,696)
El Salvador (7,185,218)
Paraguay (6,995,655)
Nicaragua (5,891,199)
Costa Rica (4,253,877)
by Abu Yahya May 18, 2010
Get the Hispanophonicmug. the gap between revenues and expenditures for a government (over a given period of time); often referred to as an internal deficit or public deficit.
The public deficit accumulates over each time period (usually a year) into what is known as the public debt.
According to Keynesian and Neo-Keynesian economic theory, fiscal deficits are usually the most effective tool for stimulating economic activity; the actual choice of how the money is spent is less important.
The public deficit accumulates over each time period (usually a year) into what is known as the public debt.
According to Keynesian and Neo-Keynesian economic theory, fiscal deficits are usually the most effective tool for stimulating economic activity; the actual choice of how the money is spent is less important.
In the USA, most states are not allowed to run fiscal deficits. In other federal republics, such as India and Argentina, they are allowed and frequently account for much of those countries' internal deficits.
by Abu Yahya February 14, 2009
Get the fiscal deficitmug. Stands for "currency-growth-debt" crisis. Climax of a CGD trap; the most famous example was Argentina in 2002.
by abu yahya June 23, 2008
Get the CGD crisismug. (ECONOMICS) the capital that a business sells in order to make money. The obvious example is the inventory of a convenience store; in this case, the circulating capital is the merchandise, and the fixed capital includes the cash register, the display racks, and so on.
In other cases, the circulating capital consists of raw materials or supplies; for example, a mechanic has transmission fluid or air filters, while a dress maker has muslin and thread.
In other cases, the circulating capital consists of raw materials or supplies; for example, a mechanic has transmission fluid or air filters, while a dress maker has muslin and thread.
An entrepreneur makes money by hanging onto fixed capital as long as possible, and getting rid of circulating capital as fast as possible.
by Abu Yahya May 4, 2010
Get the circulating capitalmug. (FINANCE) a type of bank that raises money for clients by issuing stock (see initial public offering and follow-on offering) or by issuing bonds.
Prior to the repeal (1999) of the Glass-Steagall Act, commercial banks and investment banks were required to be separate entities. Subsequently, the law was changed so that a bank holding company could own a commercial bank and an investment bank. Outside of the USA, commercial banks have always been allowed to engage in underwriting securities.
Investment banks usually sell shares of stock on a major exchange, such as the NYSE or NASDAQ. They give a fixed amount of money to the borrower, but also an agreed-upon number of shares, so if the shares soar in price after the public offering, then the investment bank makes an immense amount of money.
Investment banks also underwrite other kinds of securities, such as bonds.
Prior to the repeal (1999) of the Glass-Steagall Act, commercial banks and investment banks were required to be separate entities. Subsequently, the law was changed so that a bank holding company could own a commercial bank and an investment bank. Outside of the USA, commercial banks have always been allowed to engage in underwriting securities.
Investment banks usually sell shares of stock on a major exchange, such as the NYSE or NASDAQ. They give a fixed amount of money to the borrower, but also an agreed-upon number of shares, so if the shares soar in price after the public offering, then the investment bank makes an immense amount of money.
Investment banks also underwrite other kinds of securities, such as bonds.
Goldman Sachs is the largest and most successful investment bank in the USA. Prior to 1999 it was a limited partnership; now it is a publicly traded corporation and also a bank holding company.
by Abu Yahya September 25, 2010
Get the investment bankmug.