Abu Yahya's definitions
(EU GOVERNMENT) agency of the European Union that publishes harmonized statistics for the 27 member states of the EU. The EU does not collect the statistics, but reviews and edits statistics collected by its member states so that the data is comparable for all of the countries in it.
BILL: I'm blogging about the economy of Europe, but I don't know what the economic indicators are. You know, the unemployment rate, the inflation rate, hours worked, and so on.
ANNA: Go to the Eurostat web page. It's really awesome!
ANNA: Go to the Eurostat web page. It's really awesome!
by Abu Yahya July 15, 2010
Get the Eurostat mug.(ECONOMICS) the lowest interest rate available to non-financial borrowers.
Banks can borrow money from the Federal Reserve System or each other at the lower federal funds rate--and they borrow money from depositors at lower rates still.
Banks can borrow money from the Federal Reserve System or each other at the lower federal funds rate--and they borrow money from depositors at lower rates still.
The most widely-quoted estimate of the prime rate is that published by the Wall Street Journal (from a survey of the 30 largest banks).
by Abu Yahya September 6, 2010
Get the prime rate mug.(FINANCE) when a financial derivative has intrinsic value to the person who holds it. There are two examples:
* when the strike price of a call option is less than the spot price of the underlying stock, it is worthwhile to exercise it;
* when the strike price of a put option is more than the spot price of the underlying stock, it is worthwhile to exercise it.
Please remember that an option being "in the money" does not mean it was a good investment. You might have bought the option when the difference between the strike price and the spot price was MORE than it is now. If it's expiring, you might as well exercise it because to not do so is just throwing money away. But it still could have been a loss for the investor.
* when the strike price of a call option is less than the spot price of the underlying stock, it is worthwhile to exercise it;
* when the strike price of a put option is more than the spot price of the underlying stock, it is worthwhile to exercise it.
Please remember that an option being "in the money" does not mean it was a good investment. You might have bought the option when the difference between the strike price and the spot price was MORE than it is now. If it's expiring, you might as well exercise it because to not do so is just throwing money away. But it still could have been a loss for the investor.
PHIL: Sweet! My call options are back in the money. Now I'd better exercise them.
MIGUEL: You must be rolling in the cash, Holmes!
PHIL: Not even close. The forex rate for the UK pound nosedived and I got hosed pretty bad. It's not where it was when I bought these rat droppings, but I need to get out before they expire.
MIGUEL: You know, when you first told me about options they sounded like a sweet deal, but...
PHIL: Yeah... the guy who wrote the option always seems to know what's going down better than us dilettantes.
MIGUEL: You must be rolling in the cash, Holmes!
PHIL: Not even close. The forex rate for the UK pound nosedived and I got hosed pretty bad. It's not where it was when I bought these rat droppings, but I need to get out before they expire.
MIGUEL: You know, when you first told me about options they sounded like a sweet deal, but...
PHIL: Yeah... the guy who wrote the option always seems to know what's going down better than us dilettantes.
by Abu Yahya April 15, 2010
Get the in the money mug.(STATISTICS) a range of values for which you are x percent confident contains the correct answer. Answers to a statistical question which are ranged from the lowest likely value to the highest; answers outside of this range are highly unlikely.
Presupposes that you are estimating a value based on sample data, and the sample data has a genuinely random variance.
Usually the confidence interval is for a 95% confidence, meaning there is only a 5% probability that the true value is OUTSIDE the interval.
Presupposes that you are estimating a value based on sample data, and the sample data has a genuinely random variance.
Usually the confidence interval is for a 95% confidence, meaning there is only a 5% probability that the true value is OUTSIDE the interval.
ANNA: I've been driving your car for about a month.
JAMES: And what you think is the MPG?
ANNA: It's probably about 25 MPG, with a 95% confidence interval of 19.5 to 32 MPG.
JAMES: Holy cow! Any Prussians in your family tree?
JAMES: And what you think is the MPG?
ANNA: It's probably about 25 MPG, with a 95% confidence interval of 19.5 to 32 MPG.
JAMES: Holy cow! Any Prussians in your family tree?
by Abu Yahya April 23, 2010
Get the confidence interval mug.(FINANCE) a financial instrument whose value is tied to something else; for example,
* a futures contract (future)
* an option
* a swap
In each of these examples, the value of the derivative is related in some way to the price of something else. When the market price of (say) an ounce of gold goes from $1000/oz to $1050/oz, the return to the owner of 1 oz. of actual gold is 5%. But for the owner of a call option or a future, the return is much, much greater than that.
A derivative can be used to multiply risk AND potential profits to speculators; but it can be used for the counterparty to minimize risk by locking in prices, or by hedging against risk.
* a futures contract (future)
* an option
* a swap
In each of these examples, the value of the derivative is related in some way to the price of something else. When the market price of (say) an ounce of gold goes from $1000/oz to $1050/oz, the return to the owner of 1 oz. of actual gold is 5%. But for the owner of a call option or a future, the return is much, much greater than that.
A derivative can be used to multiply risk AND potential profits to speculators; but it can be used for the counterparty to minimize risk by locking in prices, or by hedging against risk.
by Abu Yahya April 5, 2010
Get the financial derivative mug.German, *noun*: "foundation"; a type of business organization dating from the late 19th century in which one or more companies are owned by a foundation. The foundation, in turn, is governed not by shareholders, but by whomever is chartered as a stakeholder in the firm, such as workers, financial planners, local residents of the town where the firm operates, and so on.
The biggest company owned by a foundation is Robert Bosch GmBH, which is 92% owned by Robert Bosch Stiftung (Stuttgart, Germany). Bertelsmann AG (Guetersloh, Germany) is owned by the Bertelsmann-Stiftung, which appears to possess the largest endowment of any German foundation; the affiliated company owns an enormous media empire.
Plural: Stiftungen
The biggest company owned by a foundation is Robert Bosch GmBH, which is 92% owned by Robert Bosch Stiftung (Stuttgart, Germany). Bertelsmann AG (Guetersloh, Germany) is owned by the Bertelsmann-Stiftung, which appears to possess the largest endowment of any German foundation; the affiliated company owns an enormous media empire.
Plural: Stiftungen
The prevalence of the *Stiftung* in German industry probably contributed to the excellence of German manufactures, since the affiliated companies were managed by engineers.
by Abu Yahya February 23, 2009
Get the Stiftung mug.Political movement in the USA that combines numerous conservative or rightwing movements into a surprisingly cohesive whole. The Conservative Movement (CM) successfully established a dominant role in the Republican Party, and nearly all GOP officials are affiliated with it.
Members of the Conservative Movement are known as "movement conservatives."
In the USA, political parties themselves are very weak and nebulous; historically, they are not bound to any particular ideology or constituency. Instead, parties take their ideological guidance from movements, which endorse candidates based on their commitment to the goals of that particular movement. Movements also marshall fundraising and organizing networks, binding candidates to elected officials and to affiliated thinktanks. The CM is distinguished because it captured an entire party, and tied it to an emphatically rightwing ideology.
The three components of the CM are the neoconservatives (neocons), religious right (theocons, "Moral Majority"), and the AEI-affiliated business conservatives (money cons).
Members of the Conservative Movement are known as "movement conservatives."
In the USA, political parties themselves are very weak and nebulous; historically, they are not bound to any particular ideology or constituency. Instead, parties take their ideological guidance from movements, which endorse candidates based on their commitment to the goals of that particular movement. Movements also marshall fundraising and organizing networks, binding candidates to elected officials and to affiliated thinktanks. The CM is distinguished because it captured an entire party, and tied it to an emphatically rightwing ideology.
The three components of the CM are the neoconservatives (neocons), religious right (theocons, "Moral Majority"), and the AEI-affiliated business conservatives (money cons).
More important, conservatives who embraced conspiratorial thinking shared a sufficient set of complaints, assumptions, and common enemies that united them with their more "respectable" cohorts in one movement. They swam in the same ideological waters as the broader conservative movement... and. above all, participated in building one mobilization out of their common grievances against American liberalism.
Lisa McGirr, *Suburban Warriors* (2002)
Lisa McGirr, *Suburban Warriors* (2002)
by Abu Yahya May 29, 2009
Get the Conservative Movement mug.