abu yahya's definitions
(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 unemploymentmug. (FINANCE) department of a securities firm that specializes in repurchase agreements. A repurchase agreement is a type of short-term loan in which a borrower sells a security (like a share of stock) and agrees to buy the same security back in a few days.
From the point of view of the counterparty buying/re-selling the stock, this deal is known as a reverse-repo. Reverse-repos are useful to brokerages because they allow the brokerage to short the stock.
From the point of view of the counterparty buying/re-selling the stock, this deal is known as a reverse-repo. Reverse-repos are useful to brokerages because they allow the brokerage to short the stock.
Through a repo desk, the bank can finance short-term borrowings on behalf of itself and its clients. The repo desk makes money by charging interest on typically very short term loans - 1 to 5 days.
by Abu Yahya September 28, 2010
Get the repo deskmug. (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 capitalismmug. (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 stockmug. Less developed country; refers to countries such as Mexico or Egypt, where there is a semi-functional state and plans to stimulate industry, but very limited industrial development (relative to the total labor force).
by abu yahya June 24, 2008
Get the LDCmug. (LOGIC) a logical fallacy in which a person defends against an allegation by accusing an adversary of doing the same thing. It's a classic douchebag move because it implies that the speaker has a RIGHT to be a douchebag, by virtue of the fact that someone ELSE is being a douchebag.
From Latin, for "you, too."
WHY IT'S BAD
Suppose A is accused of terrorism. He reacts by accusing B, his enemy, of terrorism. Now, it's possible (but unlikely) that A actually chose this argument knowing he was totally innocent. More likely he wants to claim that his terrorism is PROVOKED. In effect, he's saying, "I have to do this, or I'm entitled to do this, because B did it first."
First, as logic it's a red herring. But what makes it douchebaggery rather than just another wartime propaganda tactic, is that it's MORALLY irrelevant as well as LOGICALLY irrelevant. The victims of terrorism almost never have any material control over either perpetrator ever.
From Latin, for "you, too."
WHY IT'S BAD
Suppose A is accused of terrorism. He reacts by accusing B, his enemy, of terrorism. Now, it's possible (but unlikely) that A actually chose this argument knowing he was totally innocent. More likely he wants to claim that his terrorism is PROVOKED. In effect, he's saying, "I have to do this, or I'm entitled to do this, because B did it first."
First, as logic it's a red herring. But what makes it douchebaggery rather than just another wartime propaganda tactic, is that it's MORALLY irrelevant as well as LOGICALLY irrelevant. The victims of terrorism almost never have any material control over either perpetrator ever.
ANNA: Abu Yahya, I don't know if your definition of "tu quoque fallacy" belongs in the Urban Dictionary. This isn't Wikipedia, you know.
ABU YAHYA: The reason I did is that I see all the time people using the rationale that, because somebody else did something bad to me, therefore I get to do something similar to anybody. It's sort of like sloppy revenge.
ANNA: Like men punishing random women because their girlfriends allegedly did something shitty to them?
ABU YAHYA: Actually, that's a perfect example of a tu quoque!
ABU YAHYA: The reason I did is that I see all the time people using the rationale that, because somebody else did something bad to me, therefore I get to do something similar to anybody. It's sort of like sloppy revenge.
ANNA: Like men punishing random women because their girlfriends allegedly did something shitty to them?
ABU YAHYA: Actually, that's a perfect example of a tu quoque!
by Abu Yahya June 3, 2010
Get the tu quoque fallacymug. (FINANCE) issue of stock by a firm that already has stock in circulation.
Follow-on offerings account for a little over 83% of new finance capital raised on the NYSE. The other 17% was initial public offering (IPO).
Follow-on offerings account for a little over 83% of new finance capital raised on the NYSE. The other 17% was initial public offering (IPO).
Between 1 January and 31 August 2010, 46 companies had made an initial public offering on the NYSE; another 33 had made a follow-on offering. But while the IPO's accounted for $9.5 billion, the FOO's accounted for almost $55 billion.
by Abu Yahya September 29, 2010
Get the follow-on offeringmug.