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2021 Lagos high-rise collapse
On 1 November 2021, a high-rise block of luxury flats under construction in the neighbourhood of Ikoyi in Lagos, Nigeria, collapsed. At least 42 people died. The government of Lagos State is conducting an investigation.
Trading basicsAdministration of the Patrimony of the Apostolic See
The Administration of the Patrimony of the Apostolic See (APSA; Italian: Amministrazione del Patrimonio della Sede Apostolica; Latin: Administratio Patrimonii Sedis Apostolicae) is the office of the Roman Curia that deals with the "provisions owned by the Holy See in order to provide the funds necessary for the Roman Curia to function". It was established by Pope Paul VI on 15 August 196
FinanceAntigonish Movement
The Antigonish Movement blended adult education, co-operatives, microfinance and rural community development to help small, resource-based communities around Canada's Maritimes to improve their economic and social circumstances. A group of priests and educators, including Father Jimmy Tompkins, Father Moses Coady, Rev. Hugh MacPherson and A.B. MacDonald led this movement from a base at t
Fiat currenciesAsian Monetary Fund
The Asian Monetary Fund (AMF) was an idea put forward by the Japanese government during the 1997 Asian financial crisis at the G7-IMF meetings in Hong Kong during September 20–25, 1997, that was never implemented. The proposal was that an institution be formed to work towards setting up a regional network funded by Asian countries to overcome current and future economic crisis.
Fiat currenciesBarry Eichengreen
Barry Julian Eichengreen (born 1952) is an American economist and economic historian who is the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, where he has taught since 1987. Eichengreen is a research associate at the National Bureau of Economic Research and a research fellow at the Centre for Economic Policy R
Fiat currenciesBen Bernanke
Ben Shalom Bernanke ( bər-NANG-kee; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Institution. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the 2008 financial crisis, for which he was
Trading basicsBudapest Stock Exchange
Budapest Stock Exchange (BSE) (Hungarian: Budapesti Értéktőzsde, pronounced [ˈbudɒpɛʃti ˈeːrteːktøːʒdɛ] (BÉT)) is the third largest stock exchange in Central and Eastern Europe by market capitalization and liquidity. It is located at 55 Krisztina Boulevard, Budapest, Hungary, in the Buda Centre of the Hungarian National Bank Previously, from 1864, during the Austro-Hungarian Empire it wa
Securities & exchangesCarl Icahn
Carl Celian Icahn (; born February 16, 1936) is an American businessman and investor. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach, Florida. Icahn's business model is to take large stakes in companies that he believes will appreciate from changes to corporate policy; Icahn then
Securities & exchangesCastor Maritime
Castor Maritime Inc. is a maritime transport global shipping company that operates and manages tanker ship vessels and cargo bulk carriers. The company was founded by Petros Panagiotidis and Dionysios Makris in early September 2017. The company headquarters is located in Cyprus.
FinanceCatastrophe bond
Catastrophe bonds (also known as cat bonds) are a subset of insurance-linked securities (ILS) that transfer a specified set of risks from a sponsor to investors. If a specified catastrophe occurs, the bond pays the invested principal to the sponsors as a way of funding the recovery from the disaster; otherwise, the principal is returned at maturity to the investors, who are also paid a c
Fiat currenciesChiang Mai Initiative
The Chiang Mai Initiative (CMI) is a multilateral currency swap arrangement among the ten members of the Association of Southeast Asian Nations (ASEAN), the People's Republic of China (including Hong Kong), Japan, and South Korea. It draws from a foreign exchange reserves pool worth US$120 billion and was launched on 24 March 2010. That pool has been expanded to $240 billion in 2012.
FinanceChina and the World Bank
China originally joined the World Bank Group (WBG) on December 27, 1945. However, after the Chinese Civil War, the World Bank recognized the Republic of China as its member, until the relationship ended in 1980, when the membership was replaced by the People's Republic of China. The People's Republic of China (PRC) did not become involved with the World Bank group until 1980, when it fir
Trading basicsClimate risk
Climate risk is the potential for problems for societies or ecosystems from the impacts of climate change. The assessment of climate risk is based on formal analysis of the consequences, likelihoods and responses to these impacts. Societal constraints can also shape adaptation options. There are different values and preferences around risk, resulting in differences of risk perception.
Fiat currenciesCoin
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the obverse and the reverse, ref
FinanceConstantin C. Arion
Constantin C. Arion (also known as Costică Arion; June 18, 1855 – June 27, 1923) was a Romanian politician, affiliated with the National Liberal Party, the Conservative Party and, after 1918, the People's Party. He served two terms as Minister of Religion and Public Instruction, one term as Minister of Agriculture, and another one as Interior Minister before World War I. His career peake
FinanceCorvinus International Investment Ltd.
Corvinus International Investment Ltd. is a Hungarian state-owned asset management company. It is responsible for the execution of transactions related to company holdings in line with the strategic objectives of economic development and for the preservation and growth of the assets owned by the company.
AssetsCrypto: The Game
Crypto: The Game is a browser-based interactive survival game that combines blockchain mechanics with multiplayer elimination challenges.
FinanceDavid E. Shaw
David Elliot Shaw (born March 29, 1951) is an American billionaire, scientist, and founder of hedge fund D. E. Shaw & Co.. A former assistant professor in the computer science department at Columbia University, Shaw earned his fortune exploiting inefficiencies in financial markets with the help of early Internet networks and quantitative trading strategies. In 2001, Shaw turned to full-t
FinanceDepartment of Budget and Management
The Department of Budget and Management (DBM; Filipino: Kagawaran ng Badyet at Pamamahala) is an executive body under the Office of the President of the Philippines. It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals.
FinanceDepartment of Finance (Philippines)
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all publ
Trading basicsEdmund Szoka
Edmund Casimir Szoka (September 14, 1927 – August 20, 2014) was an American Catholic prelate who served as president of the Pontifical Commission for Vatican City State and as president of the Governorate of Vatican City State from 1997 to 2006. He previously served as bishop of Gaylord in Michigan from 1971 to 1981 and archbishop of Detroit in Michigan from 1981 to 1990. Szoka was eleva
FinanceEducation financing in Guyana
Guyana's record GDP growth positions it as one of the fastest-growing economies, due to the discovery of significant offshore-oil reserves. Such increases in government revenue have enabled opportunities for public investment. This has allowed for increased expenditure in education. The previous limitations of colonial legacies, and socio-economic inequality, inadequate infrastructure, a
Fiat currenciesEdward Atkinson (activist)
Edward Atkinson (February 10, 1827 – December 11, 1905) was an economist, inventor, and a founder of the American Anti-Imperialist League.
FinanceEilís Ferran
Eilís Veronica Ferran, FBA (born 14 March 1962) is a Northern Irish solicitor, legal scholar, and academic administrator. As an academic, she specialises in company law, financial regulation, and corporate finance. She has been Professor of Company and Securities Law at the University of Cambridge since 2005, and its Pro-Vice-Chancellor for Institutional and International Relations since
FinanceEnforcement Directorate
The Enforcement Directorate (ED) is a law enforcement and economic intelligence agency of the Government of India. Established on 1 May 1956, it is responsible for enforcing economic laws and combating financial crimes. The ED operates under the Department of Revenue, Ministry of Finance, with its headquarters in New Delhi.
Fiat currenciesErik Lindahl
Erik Lindahl (21 November 1891 – 6 January 1960) was a Swedish economist. He was professor of economics at Uppsala University 1942–58 and in 1956–59 he was the President of the International Economic Association. He was an also an advisor to the Swedish government and the central bank, and in 1943 was elected as a member of the Royal Swedish Academy of Sciences. Lindahl posed the questio
Trading basicsFDi Intelligence
fDi Intelligence is an English-language bi-monthly news and foreign direct investment (FDI) publication, providing an up-to-date review of global investment activity. The A4 glossy pages reach a circulation of 15,488 ABC audited, active corporate and crossborder investment professionals across the world.
FinanceFinancial economics
Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade".
FinanceFinancial gerontology
Financial gerontology is a multidisciplinary field of study encompassing both academic and professional education, that integrates research on aging and human development with the concerns of finance and business. Following from its roots in social gerontology, Financial gerontology is not simply the study of old people but emphasizes the multiple processes of aging. In particular, resea
Securities & exchangesFinancial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA) is a private American corporation that acts as a self-regulatory organization (SRO) that regulates member brokerage firms and exchange markets. FINRA is the successor to the National Association of Securities Dealers, Inc. (NASD) as well as to the member regulation, enforcement, and arbitration operations of the New York Stock Exchange.
Fiat currenciesFrank Hahn
Frank Horace Hahn FBA (26 April 1925 – 29 January 2013) was a British economist whose work focused on general equilibrium theory, monetary theory, Keynesian economics and critique of monetarism. A famous problem of economic theory, the conditions under which money, which is intrinsically worthless, can have a positive value in a general equilibrium, is called "Hahn's problem" after him.
BankingGhost (1990 film)
Ghost is a 1990 American supernatural romance film directed by Jerry Zucker, written by Bruce Joel Rubin, and starring Patrick Swayze, Demi Moore, Whoopi Goldberg, and Tony Goldwyn. The film's plot follows Sam Wheat (Swayze), a banker who is murdered and returns as a ghost, unable to interact with the living world. With the help of psychic con artist Oda Mae Brown (Goldberg), Sam attempt
Fiat currenciesGunnar Myrdal
Karl Gunnar Myrdal ( MUR-dahl, MEER-; Swedish: [ˈɡɵ̌nːar ˈmy̌ːɖɑːl]; 6 December 1898 – 17 May 1987) was a Swedish economist and sociologist. In 1974, he received the Nobel Memorial Prize in Economic Sciences along with Friedrich Hayek for "their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social a
Trading basicsHollywood Stock Exchange
The Hollywood Stock Exchange, or HSX, is a web-based, multiplayer game in which players use simulated money to buy and sell "shares" of actors, directors, upcoming films, and film-related options. The game uses Virtual Specialist technology invented by HSX co-founders and creators Max Keiser and Michael R. Burns, who were awarded a U.S. patent no. 5950176 in 1999 for the invention. Clai
BankingHSBC Bank Bermuda
HSBC Bank Bermuda Limited, previously the Bank of Bermuda Limited, is a financial services company in Bermuda providing retail and corporate banking, investment, custody and fund administration services to international and local clients. In 2004 the HSBC Group acquired the Bank of Bermuda, which has since become a focus for certain fund management and private banking activities. The ban
Securities & exchangesIFRS 4
IFRS 4 is an International Financial Reporting Standard (IFRS) issued by the International Accounting Standards Board (IASB) providing guidance for the accounting of insurance contracts. The standard was issued in March 2004, and was amended in 2005 to clarify that the standard covers most financial guarantee contracts. Paragraph 35 of IFRS also applies the standard to financial instru
FinanceInstitute for the Works of Religion
The Institute for the Works of Religion (Italian: Istituto per le Opere di Religione; Latin: Institutum pro Operibus Religionis; abbreviated IOR), commonly known as the Vatican Bank, is a financial institution that is situated inside Vatican City and run by a Board of Superintendence, which reports to a Commission of Cardinals and the Pope. It is not a private bank, as there are no owner
Securities & exchangesInsurance-linked security
An insurance-linked security (ILS) is a type of financial asset whose value is driven by insurance loss events. Those such instruments that are linked to property losses due to natural catastrophes represent a unique asset class, the return from which is uncorrelated with that of other marketable asset classes.
Trading basicsIntrade
Intrade.com was a web-based prediction market which offered a platform where individuals could place bets on future outcomes. After having been forced to exclude US traders in 2012, on 10 March 2013 Intrade suspended all trading, citing possible "financial irregularities". For a time after the suspension, the intrade.com website stated that they were working on a relaunch of the site, ca
FinanceInvestigation Division of the Central Board of Direct Taxes
The Investigation Division of the CBDT, abbreviated as Inv-CBDT, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India. It functions under the Department of Revenue in the Union Ministry of Finance and is concerned with the collection and administration of, as well as enforcement and prosecution of cases related to, the various direct taxes accruing
BankingIt's a Wonderful Life
It's a Wonderful Life is a 1946 American Christmas fantasy drama film directed and produced by Frank Capra. It is based on the short story and booklet "The Greatest Gift", self-published by Philip Van Doren Stern in 1943, which itself is loosely based on the 1843 Charles Dickens novella A Christmas Carol.
FinanceJeffrey Sachs
Jeffrey David Sachs ( SAKS; born November 5, 1954) is an American economist and public policy analyst. He is a professor at Columbia University, at which he was formerly director of The Earth Institute and currently director of the Center for Sustainable Development.
Fiat currenciesJürgen von Hagen
Jürgen von Hagen (born in Iserlohn on December 14, 1955) is a German economist and professor at the University of Bonn, where he currently also serves as director of the Institute for International Economic Policy. He was awarded the Gossen Prize in 1997.
FinanceKenneth Rogoff
Kenneth Saul Rogoff (born March 22, 1953) is an American economist and chess Grandmaster.
Fiat currenciesLars E. O. Svensson
Lars Erik Oscar Svensson, is a Swedish economist. He was on the faculty of Princeton University 2001–2009. Since June 2014, he is Affiliated Professor at the Stockholm School of Economics. Since 2009 he is Affiliated Professor at Stockholm University. He has published significant research in macroeconomics, especially monetary economics, international trade and general equilibrium theory
FinanceLiquidity risk
Liquidity risk is a financial risk that for a certain period of time a given financial asset, security or commodity cannot be traded quickly enough in the market without impacting the market price.
Trading basicsLocal Government Pension Scheme
Local Government Pension Scheme (LGPS) is the statutory, funded defined benefit pension scheme for employees of local government and participating employers in the United Kingdom. In England and Wales it is administered locally by 86 administering authorities, in Scotland by 11 regional funds, and in Northern Ireland as a single fund administered by the Northern Ireland Local Government
FinanceManchester City F.C. ownership and finances
Manchester City Football Club dates back to 1894, when Ardwick A.F.C. dissolved and was reformed as Manchester City Football Club Ltd. Over recent years, the state of ownership and finances of Manchester City Football Club has been tumultuous, featuring various owners of contrasting fortunes, in line with the club's inconsistent trend on the pitch. The club is currently owned by the City
Securities & exchangesMarket abuse
In economics and finance, market abuse may arise in circumstances in which investors in a financial market have been unreasonably disadvantaged, directly or indirectly, by others who:
Trading basicsMarketing strategy
Marketing strategy refers to the set of coordinated actions undertaken by an organization to increase sales, strengthen market presence, and achieve sustainable competitive advantage. It provides a structured and deliberate approach to promoting products or services by aligning organizational resources, market insights, and long-term objectives through systematic planning and analysis.
FinanceMaster of Quantitative Finance
A master's degree in quantitative finance is a postgraduate degree focused on the application of mathematical methods to the solution of problems in financial economics. There are several like-titled degrees which may further focus on financial engineering, computational finance, mathematical finance, or financial risk management.
Trading basicsMedical underwriting
Medical underwriting is a health insurance term referring to the use of medical or health information in the evaluation of an applicant for coverage, typically for life or health insurance. As part of the underwriting process, an individual's health information may be used in making two decisions: whether to offer or deny coverage and what premium rate to set for the policy. The two most
Securities & exchangesMerchants' Exchange Building (Philadelphia)
The Merchants' Exchange Building (also known as the Philadelphia Exchange [1]) is a historic building which is located on the triangular site bounded by Dock, 3rd and Walnut Streets in the Old City neighborhood of Philadelphia, Pennsylvania. It was designed by architect William Strickland, in the Greek Revival style, the first national American architectural style and was built between
Fiat currenciesMichael Artis
Michael John Artis FBA (29 June 1938 – 8 January 2016) was a British economist. A leading macroeconomist, his research encompassed monetary economics, fiscal policies, and European institutions and policies.
Fiat currenciesMilton Friedman
Milton Friedman ( ; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassica
FinanceMinistry of Revenue (Imperial China)
The Ministry or Board of Revenue was one of the Six Ministries under the Department of State Affairs in imperial China.
Fiat currenciesMonetae cudendae ratio
"Monetae cudendae ratio" (also spelled "Monetæ cudendæ ratio"; English: "On the Minting of Coin" or "On the Striking of Coin"; sometimes, "Treatise on Money") is a paper on coinage by Nicolaus Copernicus (Polish: Mikołaj Kopernik). It was written in 1526 at the request of Sigismund I the Old, King of Poland, and presented to the Prussian Diet.
FinanceMonetary reform in the Soviet Union, 1947
The monetary reform in the Soviet Union of 1947 (known as the "postwar reform") was carried out during December 16–19, 1947. It was the second Soviet monetary reform. At the same time the post-World War II rationing system was discontinued. The reform was a combination of redenomination and confiscation, the latter depending on the amount exchanged and whether the monies were kept at t
FinanceMonetary reform in the Soviet Union, 1961
A monetary reform of the Soviet ruble, also known as the Khrushchev reform (after Nikita Khrushchev, the Soviet leader at the time), took place on 1 January 1961. The reform consisted of the devaluation of the ruble against the United States dollar, and the redenomination of the ruble at a ratio of 10 to 1.
Trading basicsMoney illusion
In economics, money illusion, or price illusion, is a cognitive bias where money is thought of in nominal, rather than real terms. In other words, the face value (nominal value) of money is mistaken for its purchasing power (real value) at a previous point in time. Viewing purchasing power as measured by the nominal value is false, as modern fiat currencies have no intrinsic value and th
BankingMurashu family
The house of Murashu were a family of businessmen and moneylenders based at Nippur in Babylonia in the fifth century BCE. They left an archive of hundreds of cuneiform texts called the Murashu Archive which is often used to understand business and society in the Achaemenid Empire.
BankingMuseum of Banking History in Sumy Oblast and the History of Money
The Museum of Banking history in the Sumy oblast and the History of Ukrainian Money (Ukrainian: Музей розвитку банківської справи на Сумщині та історії грошей) located at the State higher educational institution "Ukrainian Academy of Banking of the National Bank of Ukraine" in Sumy. Its address is Petropavlivska Str., 57, room number 304.
Trading basicsMYOB (company)
MYOB (meaning mind your own business) is an Australian multinational corporation that provides tax, accounting and other business services software to small and medium businesses. It is owned by KKR.
FinanceNational Academy of Customs Indirect Taxes and Narcotics
The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) formerly known as National Academy of Customs, Excise and Narcotics (NACEN) is the apex civil service training institute of the Government of India for capacity building of civil servants in the field of indirect taxation, particularly the areas of Customs, GST, Central Excise, Service Tax and Narcotics Control Admin
Fiat currenciesNicola Acocella
Nicola Acocella (born 3 July 1939) is an Italian economist and academic, Emeritus Professor of Economic Policy since 2014.
NetworksNo Postage Necessary
No Postage Necessary is a 2017 American romantic comedy independent film written and directed by Jeremy Culver as his second narrative feature and starring George Blagden, Charleene Closshey, Robbie Kay, Stelio Savante, with Michael Beach and Raymond J. Barry. The film integrates current political happenings — including the Silk Road (referred to "The Spice Trail" in the film's script),
Fiat currenciesNumismatics
Numismatics is the study or collection of currency, including coins, tokens, paper money, medals, and related objects.
FinanceOffshoring
Offshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Usually this refers to a company business, although state governments may also employ offshoring. More recently, technical and administrative services have been offshored.
Securities & exchangesOld Saint Petersburg Stock Exchange and Rostral Columns
The Old Saint Petersburg Stock Exchange (also Bourse) and Rostral Columns, located in Saint Petersburg in the Russian Federation, are significant examples of Greek Revival architecture. Designed by French architect Thomas de Thomon, and inspired by the Greek Temple of Hera at Paestum, the stock exchange was constructed between 1805 and 1810. The rostral columns erected on either side of
Trading basicsPaul Marcinkus
Paul Casimir Marcinkus (; January 15, 1922 – February 20, 2006) was an American Catholic prelate who served as president of the Institute for the Works of Religion, commonly known as the Vatican Bank, from 1971 to 1989. He also served as president of the Governorate for Vatican City State from 1989 to 1990, following eight years as vice-president. He was the titular Archbishop of Horta.
BankingPennies from Heaven (1981 film)
Pennies from Heaven is a 1981 American musical romantic drama film directed by Herbert Ross, based on the 1978 BBC television drama. Dennis Potter adapted his screenplay from the BBC series for American audiences, changing its setting from London and the Forest of Dean to Depression-era Chicago and rural Illinois.
FinancePeter's Pence
Peter's Pence (or Denarii Sancti Petri and "Alms of St Peter") are donations or payments made directly to the Holy See of the Catholic Church. The practice began under the Saxons in England and spread through Europe. Both before and after the Norman Conquest the practice varied by time and place: initially, it was given as a pious contribution, whereas later it was required by various ru
FinancePierre Omidyar
Pierre Morad Omidyar (born Parviz Morad Omidyar, June 21, 1967) is a French-born Iranian-American billionaire. A technology entrepreneur, software engineer, and philanthropist, he is the founder of eBay, where he served as chairman from 1998 to 2015. Omidyar is the grandson of the Imperial Iranian Army General Mahmud Mir-Djalali, who was instrumental in the 1921 rise of the Pahlavi Dyna
Trading basicsPrefecture for the Economic Affairs of the Holy See
The Prefecture for the Economic Affairs of the Holy See was a dicastery of the Roman Curia, erected on 15 August 1967, and entrusted with overseeing all the offices of the Holy See that managed finances, regardless of their degree of autonomy.
Securities & exchangesPrivate finance initiative
The private finance initiative (PFI) was a United Kingdom government procurement policy aimed at creating "public–private partnerships" (PPPs) where private firms are contracted to complete and manage public projects. Initially launched in 1992 by Prime Minister John Major, and expanded considerably by the Blair government, PFI is part of the wider programme of privatisation and macroeco
FinancePublic finance
Public finance refers to the monetary resources available to governments and also to the study of finance within government and role of the government in the economy. Within academic settings, public finance is a widely studied subject in many branches of political science, political economy and public economics. Research assesses the government revenue and government expenditure of the
FinancePump and dump
Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump).
Securities & exchangesRay Dalio
Raymond Thomas Dalio (born August 8, 1949) is an American billionaire investor and founder of Bridgewater Associates, one of the world's largest hedge funds.
FinanceRegulatory capitalism
Regulatory capitalism suggests that the operation maintenance and development of the international political economy increasingly depends on administrative rules outside the legislatures and the courts. In other words, it tells us that capitalism is a regulatory institution – one that is being constituted, shaped, constrained and expanded as a historically woven patchwork of regulatory i
Securities & exchangesRepublika Srpska Securities Commission
The Republika Srpska Securities Commission (Serbian: Комисија за хартије од вриједности Републике Српске or Komisija za hartije od vrijednosti Republike Srpske) is a financial services regulator in Republika Srpska, Bosnia and Herzegovina. It is based in the city of Banja Luka.
FinanceRepudiation of debt at the Russian Revolution
In February 1918, shortly after the Bolsheviks seized power in the Russian Revolution, their Council of People's Commissars repudiated the sovereign debt and other financial obligations of Russia. This position shocked international finance and triggered unanimous condemnation by the governments of the great powers. The British, and especially the French, had lost millions of pounds of f
FinanceRicardo J. Caballero
Ricardo Jorge Caballero (born 20 October 1959) is a Chilean macroeconomist who is the Ford International Professor of Economics at the Massachusetts Institute of Technology. He also served as the Chairman of MIT's Economics Department from 2008 to 2011. He is a director of the World Economic Laboratory at MIT and an NBER Research Associate. Caballero received his PhD from MIT in 1988, a
Trading basicsRisk pool
A risk pool is a form of risk management that is mostly practiced by insurance companies, which come together to form a pool to provide protection to insurance companies against catastrophic risks such as floods or earthquakes. The term is also used to describe the pooling of similar risks within the concept of insurance. It is basically like multiple insurance companies coming together
Fiat currenciesRobert Mundell
Robert Alexander Mundell (October 24, 1932 – April 4, 2021) was a Canadian economist who was a professor of economics at Columbia University, McGill University, and the Chinese University of Hong Kong. He received the Nobel Memorial Prize in Economic Sciences in 1999 for his pioneering work in monetary dynamics and optimum currency areas.
FinanceRobert Mundheim
Robert Harry Mundheim BVO (born February 24, 1933) is an American legal scholar. He is the former Dean of the University of Pennsylvania Law School, General Counsel of the U.S. Treasury Department, Co-Chairman of the law firm Fried, Frank, Harris, Shriver & Jacobson, General Counsel of Salomon, Inc., and Fred Carr Professor of Law and Financial Institutions at the University of Pennsylva
Securities & exchangesRoberta Karmel
Roberta Sarah Karmel (née Segal; May 4, 1937 – March 23, 2024) was an American attorney and the Centennial Professor of Law, and Co-Director of the Center for the Study of International Business Law, at Brooklyn Law School. She was the first female Commissioner of the Securities and Exchange Commission.
Trading basicsSocial capital
Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups.
FinanceSocial credit system
The social credit system (Chinese: 社会信用体系; pinyin: shèhuì xìnyòng tǐxì) is a national credit rating and blacklist implemented by the government of the People's Republic of China. The social credit system is a broad governance strategy to track businesses, individuals, and government institutions and enhance their perceived trustworthiness rather than a single system. It is based on varyi
Trading basicsSOFR
Secured Overnight Financing Rate (SOFR) is a secured overnight interest rate. SOFR is a reference rate (that is, a rate used by parties in commercial contracts that is outside their direct control) established as an alternative to LIBOR. LIBOR had been published in a number of currencies and underpins financial contracts all over the world. Deeming it prone to manipulation, UK regulators
Securities & exchangesSOFR Academy
SOFR Academy, Inc. is an American financial market infrastructure company focused on developing benchmark credit-spread infrastructure designed to complement risk-free reference rates in global capital markets. In connection with global reference rate reform and the transition away from the London Interbank Offered Rate (LIBOR), which underpinned approximately US$400 trillion in financia
Trading basicsSpecial Administration of the Holy See
The Special Administration of the Holy See (Italian: Amministrazione Speciale della Santa Sede, nicknamed La Speciale, abbreviated ASSS) was a dicastery of the Roman Curia from 1929 to 1967. It was established motu proprio by Pope Pius XI on 7 June 1929 to manage the ₤750 million in cash and 1,000 million in Italian government bonds transferred to the Holy See in implementation of the Fi
AssetsStartUp (TV series)
StartUp is an American crime drama television series created by Ben Ketai that premiered on September 6, 2016 on Crackle. It stars Adam Brody, Martin Freeman, Edi Gathegi, Otmara Marrero, Ron Perlman, Mira Sorvino, and Addison Timlin. On November 15, 2017, it was renewed for a third season which was released on November 1, 2018.
Trading basicsSymbolic capital
In sociology and anthropology, symbolic capital can be referred to as the resources available to an individual on the basis of honor, prestige or recognition, and serves as value that one holds within a culture. A war hero, for example, may have symbolic capital in the context of running for political office.
Trading basicsTeachers' Pension Scheme
Teachers' Pension Scheme (TPS) is the statutory, unfunded defined-benefit public service pension scheme for eligible teachers and lecturers in England and Wales. It operates on a pay-as-you-go basis, with benefits paid from public funds. As at 31 March 2025, the scheme reported a pension liability of about £290.7 billion.
BankingThe Mask (1994 film)
The Mask is a 1994 slapstick superhero American comedy film loosely based on the 1991 comic book series by John Arcudi and Doug Mahnke. Directed by Chuck Russell and written by Mike Werb, the film stars Jim Carrey in the title role, along with Peter Riegert, Peter Greene, Amy Yasbeck, Richard Jeni, and Cameron Diaz. The plot follows Stanley Ipkiss (Carrey), a hapless and timid bank telle
Payments & settlementTicketing and Reservation System
Ticketing and Reservation System (TRS, 铁路客票发售和预订系统) is software used for rail ticketing in China Railways. It was developed by the China Academy of Railway Sciences. The first release was in 1996. As of December 2009, the version in use was version 5.2. It was named SMART before (excluding) version 4.0. It runs on Microsoft Windows.
Payments & settlementWorldpay Group
Worldpay Group plc (formerly RBS WorldPay) was a payment processing company. It was formerly listed on the London Stock Exchange until 16 January 2018 when it was acquired by Vantiv. The combined company then took the name Worldpay, Inc. Worldpay, Inc. was acquired by FIS in July 2019 for $43 billion. In 2024, private-equity firm GTCR acquired a majority 55% equity interest in Worldpay.
BankingYou Can't Take It with You (film)
You Can't Take It with You is a 1938 American screwball romantic comedy film directed by Frank Capra, and starring Jean Arthur, Lionel Barrymore, James Stewart, and Edward Arnold. Adapted by Robert Riskin from the Pulitzer Prize-winning 1936 play of the same name by George S. Kaufman and Moss Hart, the film is about a man from a family of rich snobs who becomes engaged to a woman from a