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Working Group On Financial Markets
The President's Working Group on Financial Markets, known colloquially as the Plunge Protection Team, or "(PPT)" was created by Executive order (United States), Executive Order 12631,, which appears and purports to be a copy of the original: signed on March 18, 1988, by United States President of the United States, President Ronald Reagan. As established by the executive order, the Working Group has three purposes and functions: "(a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider: :(1) the major issues raised by the numerous studies on the events in the financial markets surrounding Black Monday (1987), October 19, 1987, and any of those recommendations that have the potential to achieve the goals noted above; and :(2) the actions, including governmental actions under existing laws and regulations (such as polic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Order (United States)
In the United States, an executive order is a directive by the president of the United States that manages operations of the federal government. The legal or constitutional basis for executive orders has multiple sources. Article Two of the United States Constitution gives presidents broad executive and enforcement authority to use their discretion to determine how to enforce the law or to otherwise manage the resources and staff of the federal government's executive branch. The delegation of discretionary power to make such orders is required to be supported by either an expressed or implied congressional law, or the constitution itself.John Contrubis, '' Executive Orders and Proclamations'', CRS Report for Congress #95-722A, March 9, 1999, Pp. 1-2 The vast majority of executive orders are proposed by federal agencies before being issued by the president. Like both legislative statutes and the regulations promulgated by government agencies, executive orders are subjec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Biderman
Charles Biderman (born October 24, 1946) is an American businessman and investor. In 1990 Mr Biderman founded and became CEO of TrimTabs Investment Research and is the author of TrimTabs Investing: Using Liquidity Theory to Beat the Stock Market' (John Wiley & Sons, 2005). During the 1990's, Charles specialized in short-selling and tracking mutual funds developing into the only independent research service publishing daily coverage of US stock market liquidity during the peak of his reign at Trimtabs Investing. In 2018, he sold both TTIR and TrimTabs ETF asset management company. Charles Biderman holds a B.A. from Brooklyn College and an M.B.A. from Harvard Business School and has been interviewed regularly oCNBCanBloomberg TVand is quoted frequently in the financial media, including Barron's Magazine', The Wall Street Journal', Forbes', and Investor's Business Daily'. Currently he produces news stories and articles foCharlesBidermanNews.comand contributes ongoing tThe Market a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Permanent Fund
In the United States, a permanent fund is one of the five governmental fund types established by GAAP. It is classified as a restricted true endowment fund for governments and non-profit organizations. Put simply, a permanent fund may be used to generate and disburse money to those entitled to receive payments by qualification or agreement, as in the case of Alaska citizens or residents that satisfy the rules for payment from their permanent fund from State oil revenues. It was first introduced through GASB Statement 34. The name of the fund comes from the purpose of the fund: a sum of equity used to permanently generate payments to maintain some financial obligation. Also, a fund can only be classified as a permanent fund if the money is used to report the status of a restricted financial resource. The resource is restricted in the sense that only earnings from the resource are used and not the principal. For example, a fund can be classified as a permanent fund if it is being u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comprehensive Income
In company financial reporting in the United States, comprehensive income (or comprehensive earnings) "includes all changes in equity during a period except those resulting from investments by owners and distributions to owners". Because that use excludes the effects of changing ownership interest, an economic measure of comprehensive income is necessary for financial analysis from the shareholders' point of view (all changes in equity except those resulting from investment by or distribution to owners). Accounting Comprehensive income is defined by the Financial Accounting Standards Board, or FASB, as “the change in equity et assetsof a business enterprise during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.” Comprehensive income is the sum of net income and other items that must bypass the income statement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget Theory
Budget theory is the academic study of political and social motivations behind government and civil society budgeting. Classic theorists in Public Budgeting include Henry Adams, William F. Willoughby, V. O. Key, Jr., and, more recently, Aaron Wildavsky. Notable recent theorists include Frank R. Baumgartner, Bryan D. Jones, Richard Fenno, Allen Schick, Dennis Ippolito, Naomi Caiden, Irene Rubin, James D. Savage, Thomas Greitens, Gary Wamsley, and Usman W. Chohan. Budget theory was a central topic during the Progressive Era and was much discussed in municipal bureaus and other academic and quasi-academic facilities of that time such as the nascent Brookings Institution. The executive budget in United States was a financial innovation designed to empower city mayors and city managers with the capacity to implement needed policy reforms in the Progressive Era. Since that time, the executive budget has become a tool by which the president of the United States has been ab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Corporation
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue
In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some company, companies receive revenue from interest, royalties, or other fees. This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross reve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Accountability Office
The United States Government Accountability Office (GAO) is an independent, nonpartisan government agency within the legislative branch that provides auditing, evaluative, and investigative services for the United States Congress. It is the supreme audit institution of the federal government of the United States. It identifies its core "mission values" as: accountability, integrity, and reliability. It is also known as the "congressional watchdog". The agency is headed by the Comptroller General of the United States. The comptroller general is appointed by the president with the advice and consent of the Senate. When a vacancy occurs in the office of the comptroller general, Congress establishes a commission to recommend individuals to the president. The commission consists of the following: *the speaker of the United States House of Representatives *the president pro tempore of the United States Senate *the majority and minority leaders of the House of Representatives and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single Audit
In the United States, the Single Audit, Subpart F of the OMB Uniform Guidance, is a rigorous, organization-wide audit or examination of an entity that expends $750,000 or more of administration of federal assistance in the United States, federal assistance (commonly known as federal funds, federal grants, or federal awards) received for its operations.OMB Office of Federal Financial ManagementThe Single AuditOMB Circular A-133 Subpart B – ''Audits''; §___.200 – ''Audit requirements'',''Understanding Single Audits'' by Henry Flood, Grantsmanship Center Magazine, Fall 2002, retrieved on June 30, 2006 Usually perfo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Futures Modernization Act Of 2000
The Commodity Futures Modernization Act of 2000 (CFMA) is a United States federal law that ensures that Over-the-counter (finance), over-the-counter (OTC) Derivative (finance), derivatives remained Financial regulation, unregulated. Commodity Exchange Act, The Commodity Futures Trading Commission (CFTC) had desired to have "functional regulation" of the market, but the CFMA rejected this approach. Instead, the CFTC continued to do "entity-based supervision of OTC derivatives dealers". The CFMA's handling of OTC derivatives, such as credit default swaps, has become controversial, as thesderivativesplayed a major role in the 2008 financial crisis and the Great Recession. The Commodity Futures Modernization Act (CFMA) of 2000 is a landmark piece of legislation in the United States that significantly altered the regulation of financial markets. Signed into law on December 21, 2000, the CFMA had several major impacts on the trading of derivatives, Futures contract, futures, and other f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trading Room
A trading room gathers trader (finance), traders operating on financial markets. The trading room is also often called the Front office (finance), front office. The terms "dealing room" and "trading floor" are also used, the latter being inspired from that of an open outcry stock exchange. As open outcry is gradually replaced by electronic trading, the trading room becomes the only remaining place that is emblematic of the financial market. It is also the likeliest place within the financial institution where the most recent Technology, technologies are implemented before being disseminated in its other businesses. Specialized computer labs that simulate trading rooms are known as "trading labs" or "finance labs" in universities and business schools. Origin Before the sixties or seventies, the banks' capital market businesses were mostly split into many departments, sometimes scattered at several sites, as market segments: money market (domestic and currencies), foreign exchang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
