abu yahya's definitions
(FINANCE) a stock whose price movements determine the value of a financial derivative. For example, when a hedge fund manager writes a call option for Citigroup (NYSE:C) at 4.25/share, C is the underlying stock.
"Underlying" can be used to refer to other things besides stocks; for example, commodities, currencies, or bonds.
"Underlying" can be used to refer to other things besides stocks; for example, commodities, currencies, or bonds.
by Abu Yahya April 5, 2010
Get the underlying stock mug.Organization founded in 1943 by Lewis H. Brown (the asbestos tycoon).
(Brown's company, Johns-Manville, was the largest asbestos manufacturer in the US during the 1930s, and was involved in a massive, 40-year cover-up of the severe health risks posed by asbestos.)
The American Enterprise Association (AEA) was created to design and promote policies that strengthen the political power of large corporations. In 1970, William Baroody, Sr. became its head and changed the name from "Association" to "Institute" (AEI); he had earlier learned how to (a) launder oversized campaign contributions from corporate boards, and (b) how to present the AEI as an earnest, high-minded, non-partisan research group (or "thinktank"). Baroody's sons, William Jr. and Michael, both became important Conservative Movement figures.
The AEI was, until the 1990's, mainly a very well-heeled devil's advocate against any progressive cause: it opposed regulating cigarettes, municipal water systems, environmental protections of all kinds, and the Endangered Species Act. Its budget grew enormously and it spawned subsidiary organizations such as NGOWatch, the Center for Strategic and International Studies, the Project for a New American Century (PNAC), and many more besides.
During the period 1997-present, the AEI became much more intensively focused on armed confrontation. In the name of "security," especially "energy security," the AEI appears to have spent an increased share of its already-burgeoning budget on promoting war or sanctions against many countries with a majority Muslim population. It argued against democratic review of US foreign policy, and in favor of criminalizing dissent. Position papers ceased to have any research content at all, and became pure polemics.
After the 2008 elections, which provided a clear repudiation of AEI policies *en masse*, the AEI focused on promoting itself as the guardian of national security; it did this by arguing that torture and extraordinary renditions were vital to keeping the USA safe from foreign terrorists. This made the organization valuable to former administration officials subject to prosecution for violations of Hague Conventions & Geneva Conventions
(Brown's company, Johns-Manville, was the largest asbestos manufacturer in the US during the 1930s, and was involved in a massive, 40-year cover-up of the severe health risks posed by asbestos.)
The American Enterprise Association (AEA) was created to design and promote policies that strengthen the political power of large corporations. In 1970, William Baroody, Sr. became its head and changed the name from "Association" to "Institute" (AEI); he had earlier learned how to (a) launder oversized campaign contributions from corporate boards, and (b) how to present the AEI as an earnest, high-minded, non-partisan research group (or "thinktank"). Baroody's sons, William Jr. and Michael, both became important Conservative Movement figures.
The AEI was, until the 1990's, mainly a very well-heeled devil's advocate against any progressive cause: it opposed regulating cigarettes, municipal water systems, environmental protections of all kinds, and the Endangered Species Act. Its budget grew enormously and it spawned subsidiary organizations such as NGOWatch, the Center for Strategic and International Studies, the Project for a New American Century (PNAC), and many more besides.
During the period 1997-present, the AEI became much more intensively focused on armed confrontation. In the name of "security," especially "energy security," the AEI appears to have spent an increased share of its already-burgeoning budget on promoting war or sanctions against many countries with a majority Muslim population. It argued against democratic review of US foreign policy, and in favor of criminalizing dissent. Position papers ceased to have any research content at all, and became pure polemics.
After the 2008 elections, which provided a clear repudiation of AEI policies *en masse*, the AEI focused on promoting itself as the guardian of national security; it did this by arguing that torture and extraordinary renditions were vital to keeping the USA safe from foreign terrorists. This made the organization valuable to former administration officials subject to prosecution for violations of Hague Conventions & Geneva Conventions
In February 2007, *The Guardian* (UK) reported that the American Enterprise Institute was offering scientists and economists $10,000 each, "to undermine a major climate change report" from the United Nations Intergovernmental Panel on Climate Change (IPCC). AEI asked for "articles that emphasise the shortcomings" of the IPCC report, which "is widely regarded as the most comprehensive review yet of climate change science."
by Abu Yahya May 29, 2009
Get the American Enterprise Institute mug.taking an investment position that will benefit if the value of the stock goes down. Traditionally, "shorting a stock" means borrowing shares of stock from another broker, selling them, then buying them back (after the price has fallen) in order to return the stocks to the broker from whom they were borrowed.
You can short a stock using a derivative; this can include buying futures in the stock (i.e., a contract to sell someone else the stocks); or buying a put option (also called a put). A third way is to write a call (i.e., a call option, also known as a call) for the stock.
You can short a stock using a derivative; this can include buying futures in the stock (i.e., a contract to sell someone else the stocks); or buying a put option (also called a put). A third way is to write a call (i.e., a call option, also known as a call) for the stock.
Shorting a stock usually requires a great deal of skill and courage; even the most talented short will only make money during rare crises.
by Abu Yahya April 5, 2010
Get the shorting a stock mug.(ECONOMICS) Total unemployed, as a percent of the civilian labor force (official unemployment rate). Does not include discouraged workers. Also referred to as "U-3" by the US Bureau of Labor Statistics (BLS).
The BLS regularly publishes six estimates of unemployment. The others are U-1, U-3, U-4, U-5, and U-6. Eurostat publishes one monthly estimate of unemployment for the European Union, which is approximately midway between U-3 and U-4.
The unemployment statistics for the USA are collected through a monthly Current Population Survey (CPS) (also known as the household survey) and an establishment survey.
The BLS regularly publishes six estimates of unemployment. The others are U-1, U-3, U-4, U-5, and U-6. Eurostat publishes one monthly estimate of unemployment for the European Union, which is approximately midway between U-3 and U-4.
The unemployment statistics for the USA are collected through a monthly Current Population Survey (CPS) (also known as the household survey) and an establishment survey.
Given the way the government's headline unemployment rate is calculated, it can never reach 14%. This is because the civilian labor force includes only people who are working or have looked for a job in the previous four weeks. When the economy gets really bad (like now), unemployed workers get discouraged and give up looking for jobs. This causes the civilian labor force to decline as fast or faster than total employment.
{Louis Woodhill, "On Track for 14% Unemployment," RealClearMarkets (12 Jan 2010)}
{Louis Woodhill, "On Track for 14% Unemployment," RealClearMarkets (12 Jan 2010)}
by Abu Yahya July 19, 2010
Get the headline unemployment mug.(FINANCE) a mutual fund that trades in commodities or commodity derivatives. This can include commodity index funds.
Usually a commodity fund makes its returns by trading derivatives rather than the underlying commodity.
by Abu Yahya April 15, 2010
Get the commodity fund mug.(POLICY) an extreme form of capitalism created in the immediate aftermath of a disaster. In some cases, as in Chile (1973), the disaster is a coup d'etat with the express purpose of imposing disaster capitalism. In other cases, such as the 2004 Indian Ocean tsunami, it is a genuine natural disaster that literally kills.
After some disasters, the authorities in some countries may well respond by imposing "reforms" that would have been impossible before. These include: (1) privatization of public property, making it unavailable to the indigenous people; (2) arbitrary elimination of laws ("deregulation"); and (3) slashing democratically chosen programs that help ordinary citizens ("austerity programs").
The concept was popularized in Naomi Klein's excellent 2007 book, *The Shock Doctrine*.
After some disasters, the authorities in some countries may well respond by imposing "reforms" that would have been impossible before. These include: (1) privatization of public property, making it unavailable to the indigenous people; (2) arbitrary elimination of laws ("deregulation"); and (3) slashing democratically chosen programs that help ordinary citizens ("austerity programs").
The concept was popularized in Naomi Klein's excellent 2007 book, *The Shock Doctrine*.
"Disaster capitalism" is neoliberalism imposed undemocratically. It exploits natural disasters, civil wars, foreign invasions, coups d'etat, terrorism, or explicit deception. It always seeks to make its changes irreversible.
Naomi Klein mostly blames the International Monetary Fund, but there are other culprits as well.
Naomi Klein mostly blames the International Monetary Fund, but there are other culprits as well.
by Abu Yahya July 10, 2010
Get the disaster capitalism mug.employing the services of drabs; associating with strumpets and wanton minxes; having sex with prostitutes.
In order to find out what sorts of thing his son Laertes was up to, Polonius had his personal spy strike up conservations with classmates and bring up made-up rumors about him. Polonius thought it was all right to suggest his own son was dueling, gambling, or whoring ("drabbing"). but thought anything worse might "dishonor" poor Laertes.
by Abu Yahya March 21, 2010
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