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Minerva (Internet Celebrity)
Minerva ( ko, 미네르바) is the Internet username of a " netizen" who wrote about the Korean economy and the economic policies of the Korean government. Minerva's writing evoked the ire of the Korean government, when an entry precipitated a run on the South Korean won. Prosecutors arrested a man they claim to be Minerva, Park Dae-sung, and charged him with the crime of electronically spreading false rumors that damage the public good. The true identity of Minerva, however, remains to be established. The arrest has also drawn international scrutiny.Financial blogger's arrest tests Korea's progress on human rights ''CS Monitor'' Minerva posted articles in Daum Agora, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Username
A user is a person who utilizes a computer or network service. A user often has a user account and is identified to the system by a username (or user name). Other terms for username include login name, screenname (or screen name), account name, nickname (or nick) and handle, which is derived from the identical citizens band radio term. Some software products provide services to other systems and have no direct end users. End user End users are the ultimate human users (also referred to as operators) of a software product. The end user stands in contrast to users who support or maintain the product such as sysops, database administrators and computer technicians. The term is used to abstract and distinguish those who only use the software from the developers of the system, who enhance the software for end users. In user-centered design, it also distinguishes the software operator from the client who pays for its development and other stakeholders who may not directly use ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Strategy And Finance
The Ministry of Economy and Finance (abbreviated to MOEF) oversees the financial policies of the South Korean government. It publishes a monthly report on the national economy, known as the "Green Book." The current minister is Choo Kyung-ho. The headquarters is in the Sejong Government Complex in Sejong City. According to Chapter 3 Article 19 of the Government Organisation Act, the Minister of Economy and Finance also acts as the Deputy Prime Minister, together with the Minister for Education. MOEF has enforcement functions as well. It oversees the National Tax Tribunal and the Financial Intelligence Unit. The ministry was formed in 1994 through the merger of the old Economic Planning Board (est. 1961) and Ministry of Finance (est. 1948). History 1948 Three years after gaining independence from Japan, the Korean government was set up and it established the Ministry of Finance and the Economic Planning Board. The Ministry of Finance took charge of designing tax, financial and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yen Carry Trade
The carry of an asset is the return obtained from holding it (if positive), or the cost of holding it (if negative) (see also Cost of carry). For instance, commodities are usually negative carry assets, as they incur storage costs or may suffer from depreciation. (Imagine corn or wheat sitting in a silo somewhere, not being sold or eaten.) But in some circumstances, appropriately hedged commodities can be positive carry assets if the forward/futures market is willing to pay sufficient premium for future delivery. This can also refer to a trade with more than one leg, where you earn the spread between borrowing a low carry asset and lending a high carry one; such as gold during financial crisis, due to its safe haven quality. Carry trades are not usually arbitrages: pure arbitrages make money no matter what; carry trades make money ''only if nothing changes'' against the carry's favor. Interest rates carry trade / Maturity transformation For instance, the traditional revenue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seoul Broadcasting System
Seoul Broadcasting System (SBS) () is one of the leading South Korean television and radio broadcasters. The broadcaster legally became known as SBS in March 2000, changing its corporate name from Seoul Broadcasting System (서울방송). Its flagship terrestrial television station SBS TV broadcasts as channel 6 for digital and cable. Established on 14 November 1990, SBS is the largest private broadcaster in South Korea, and is owned by the Taeyoung Construction. It operates its flagship television channel which has a nationwide network of 10 regional stations, and three radio networks. SBS has provided digital terrestrial television service in the ATSC format since 2001, and T-DMB (Digital Multimedia Broadcasting) service since 2005. History After the 1987 South Korean democratic reform, the government had decided to create a new commercial broadcaster in South Korea. Eventually, MBC was a mouthpiece of KBS to broadcast sporting events like the 1986 FIFA World Cup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trickle-down Economics
Trickle-down economics is a term used in critical references to economic policies that favor the upper income brackets, corporations, and individuals with substantial wealth or capital. In recent history, the term has been used by critics of supply-side economics. Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically advocates for a lower tax burden on the upper end of the economic spectrum. Major examples of US Republicans supporting what critics call "trickle-down economics" include the Reagan tax cuts, the Bush tax cuts and the Tax Cuts and Jobs Act of 2017. In each of the aforementioned tax reforms, taxes were cut across all income brackets, but the biggest reductions were given to the highest income earners, although the Reagan Era tax reforms also introduced the earned income tax credit which has received bipartisan praise for poverty reduction and is largely why the bottom half of workers pay no federal income tax. Si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-deliverable Forward
In finance, a non-deliverable forward (NDF) is an outright forward or futures contract in which counterparties settle the difference between the contracted NDF price or rate and the prevailing spot price or rate on an agreed notional amount. It is used in various markets such as foreign exchange and commodities. NDFs are also known as forward contracts for differences (FCD). NDFs are prevalent in some countries where forward FX trading has been banned by the government (usually as a means to prevent exchange rate volatility). Market The NDF market is an over-the-counter market. NDFs began to trade actively in the 1990s. NDF markets developed for emerging markets with capital controls, where the currencies could not be delivered offshore. Most NDFs are cash-settled in US dollars (USD). The more active banks quote NDFs from between one month to one year, although some would quote up to two years upon request. The most commonly traded NDF tenors are IMM dates, but banks also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yield Spread
Yield may refer to: Measures of output/function Computer science * Yield (multithreading) is an action that occurs in a computer program during multithreading * See generator (computer programming) Physics/chemistry * Yield (chemistry), the amount of product obtained in a chemical reaction ** The arrow symbol in a chemical equation * Yield (engineering), yield strength of a material as defined in engineering and material science * Fission product yield * Nuclear weapon yield Earth science * Crop yield, measurement of the amount of a crop harvested, or animal products such as wool, meat or milk produced, per unit area of land ** Yield (wine), the amount of grapes or wine that is produced per unit surface of vineyard * Ecological yield, the harvestable population growth of an ecosystem, most commonly measured in forestry and fishery * Specific yield, a measure of aquifer capacity * Yield (hydrology), the volume of water escaping from a spring Production/manufacturing * Yie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LTCM
Long-Term Capital Management L.P. (LTCM) was a highly-leveraged hedge fund. In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York. LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers. Members of LTCM's board of directors included Myron Scholes and Robert C. Merton, who three years later in 1997 shared the Nobel Prize in Economics for having developed the Black–Scholes model of financial dynamics.''A financial History of the United States Volume II: 1970–2001'', Jerry W. Markham, Chapter 5: "Bank Consolidation", M. E. Sharpe, Inc., 2002 LTCM was initially successful, with annualized returns (after fees) of around 21% in its first year, 43% in its second year and 41% in its third year. However, in 1998 it lost $4.6 billion in less than four months due to a combination of high leverage and exposure to the 1997 Asian fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baltic Dry Index
The Baltic Dry Index (BDI) is a shipping freight-cost index issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. The BDI is the successor to the Baltic Freight Index (BFI) and came into operation on 1 November 1999. The BDI continues the established time series of the BFI, however, the voyages and vessels covered by the index have changed over time so caution should be exercised in assuming long term constancy of the data. Historical origin In 1744, the ''Virginia and Maryland'' coffee house in Threadneedle Street, London, changed its name to ''Virginia and Baltick,'' to more accurately describe the business interests of the merchants who gathered there. Today's Baltic Exchange has its roots in a committee of merchants formed in 1823 to regulate trading and formalize the excha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tobin's Q
Tobin's q (or the q ratio, and Kaldor's v), is the ratio between a physical asset's market value and its replacement value. It was first introduced by Nicholas Kaldor in 1966 in his paper: ''Marginal Productivity and the Macro-Economic Theories of Distribution: Comment on Samuelson and Modigliani''. It was popularised a decade later by James Tobin, who in 1970, described its two quantities as: Measurement Single company Although it is not the direct equivalent of Tobin's q, it has become common practice in the finance literature to calculate the ratio by comparing the market value of a company's equity and liabilities with its corresponding book values, as the replacement values of a company's assets is hard to estimate: :Tobin's q = \frac It is also common practice to assume equivalence of the liabilities market and book value, yielding: :Tobin's q = \frac. Even if market and book value of liabilities are assumed to be equal, this is not equal to the "Market to Book Ratio" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Dong-a Ilbo
The ''Dong-A Ilbo'' (, literally ''East Asia Daily'') is a newspaper of record in Korea since 1920 with a daily circulation of more than 1.2 million and opinion leaders as its main readers. ''The Dong-A Ilbo'' is the parent company of Dong-A Media Group (DAMG), which is composed of 11 affiliates including Sports Dong-A, Dong-A Science, DUNet, and dongA.com, as well as Channel A, general service cable broadcasting company launched on 1 December 2011. It covers a variety of areas including news, drama, entertainment, sports, education, and movies. ''The Dong-A Ilbo'' has partnered with international news companies such as ''The New York Times'' of the United States of America, '' The Asahi Shimbun'' of Japan and '' The People's Daily'' of China. It has correspondents stationed in five major cities worldwide including Washington D.C., New York, San Francisco, Beijing, Tokyo, Cairo and Paris. It also publishes global editions in 90 cities worldwide including New York, London, Pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ASCII
ASCII ( ), abbreviated from American Standard Code for Information Interchange, is a character encoding standard for electronic communication. ASCII codes represent text in computers, telecommunications equipment, and other devices. Because of technical limitations of computer systems at the time it was invented, ASCII has just 128 code points, of which only 95 are , which severely limited its scope. All modern computer systems instead use Unicode, which has millions of code points, but the first 128 of these are the same as the ASCII set. The Internet Assigned Numbers Authority (IANA) prefers the name US-ASCII for this character encoding. ASCII is one of the IEEE milestones. Overview ASCII was developed from telegraph code. Its first commercial use was as a seven-bit teleprinter code promoted by Bell data services. Work on the ASCII standard began in May 1961, with the first meeting of the American Standards Association's (ASA) (now the American National Standards I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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