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Felix Salmon
Felix Salmon (born 1972) is a financial journalist, formerly of ''Portfolio Magazine'' and ''Euromoney'' and a former finance blogger for Reuters, where he analyzed economic and occasionally social issues in addition to financial commentary. In April 2014, Salmon left Reuters for a digital role at Fusion. In 2018, he joined Axios as chief financial correspondent. Salmon also wrote a ''Wired'' cover story on the Gaussian copula, and has hosted ''Slate'' Money podcast since 2014. Early life Salmon's ancestors include Jews who bore the surname Solomon before it was anglicized as Salmon. Salmon is a member of the Salmon & Gluckstein families who ran the Lyons teahouse and bakery chain in Britain. Salmon has an MA in art history from the University of Glasgow along with an Honours background in mathematics. He moved to the United States from the United Kingdom in 1997. Career Journalism He began blogging in 1999 for the wire service ''Bridge News'' and later worked for economist Nouri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Journalism Festival
The International Journalism Festival is a journalism event annually held in Perugia, Italy (in central Italy, about 100 miles, or 160 km, north of Rome). The 2020 Festival will be held April 1-5, 2020. The International Journalism Festival attracts journalists and journalism students, as well as scholars and Media agency, Media agencies, who get free access to keynotes, workshops, Panel discussion, panels and discussions on media in society. Since the foundation of the Festival in 2006 by Arianna Ciccone and Christopher Potter, several prizes, including ''A Story Still to Tell Award'' and the ''Paola Biocca International Reportage Award'' have been awarded by students of journalism and media professionals. In 2012 the prize ''A Story Still to Tell Award'' was dedicated to the memory of Mauro Rostagno. One of the journalists who was shot by Sicily, Sicilian Sicilian Mafia, Mafia in 1988. Amongst the speakers that have previously attended the festival are Seymour Hersh, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nouriel Roubini
Nouriel Roubini (born March 9 1958) is a Turkish-born Iranian-American economist. He is Professor Emeritus (2021–present) and was Professor of Economics (1995–2021) at the Stern School of Business, New York University, and also chairman of Roubini Macro Associates LLC, an economic consultancy firm. After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a visiting researcher/advisor at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early research focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who was Treasury Secretary under Barack Obama. Early life and education Nouriel Roubini was born in Istanbul, Turkey. When ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deregulation
Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. Economic regulations were promoted during the Gilded Age, in which progressive reforms were claimed as necessary to limit externalities like corporate abuse, unsafe child labor, monopolization, pollution, and to mitigate boom and bust cycles. Around the late 1970s, such reforms were deemed burdensome on economic growth and many politicians espousing neoliberalism started promoting deregulation. The stated rationale for deregulation is often that fewer and simpler regulations will lead to raised level ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A Priori Probability
An ''a priori'' probability is a probability that is derived purely by deductive reasoning. One way of deriving ''a priori'' probabilities is the principle of indifference, which has the character of saying that, if there are ''N'' mutually exclusive and collectively exhaustive events and if they are equally likely, then the probability of a given event occurring is 1/''N''. Similarly the probability of one of a given collection of ''K'' events is ''K'' / ''N''. One disadvantage of defining probabilities in the above way is that it applies only to finite collections of events. In Bayesian inference, " uninformative priors" or "objective priors" are particular choices of ''a priori'' probabilities. Note that "prior probability" is a broader concept. Similar to the distinction in philosophy between a priori and a posteriori, in Bayesian inference ''a priori'' denotes general knowledge about the data distribution before making an inference, while ''a posteriori'' denotes knowledge t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tranche
In structured finance, a tranche is one of a number of related securities offered as part of the same transaction. In the financial sense of the word, each bond is a different slice of the deal's risk. Transaction documentation (see indenture) usually defines the tranches as different "classes" of notes, each identified by letter (e.g., the Class A, Class B, Class C securities) with different bond credit ratings. The term ''tranche'' is used in fields of finance other than structured finance (such as in straight lending, where ''multi-tranche loans'' are commonplace), but the term's use in structured finance may be singled out as particularly important. Use of "tranche" as a verb is limited almost exclusively to this field. The word ''tranche'' means ''a division or portion of a pool or whole'' and is derived from the French for 'slice', 'section', 'series', or 'portion', and is also a cognate of the English 'trench' ('ditch'). How tranching works All the tranches together ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subprime Mortgage
In finance, subprime lending (also referred to as near-prime, subpar, non-prime, and second-chance lending) is the provision of loans to people in the United States who may have difficulty maintaining the repayment schedule. Historically, subprime borrowers were defined as having FICO scores below 600, although this threshold has varied over time. These loans are characterized by higher interest rates, poor quality collateral, and less favorable terms in order to compensate for higher credit risk. Many subprime loans were packaged into mortgage-backed securities (MBS) and ultimately defaulted, contributing to the financial crisis of 2007–2008.Lemke, Lins and Picard, ''Mortgage-Backed Securities'', Chapter 3 (Thomson West, 2013 ed.). Defining subprime risk The term ''subprime'' refers to the credit quality of particular borrowers, who have weakened credit histories and a greater risk of loan default than prime borrowers. As people become economically active, records are cre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collateralized Debt Obligation
A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed as instruments for the corporate debt markets, after 2002 CDOs became vehicles for refinancing mortgage-backed securities (MBS).Lepke, Lins and Pi card, ''Mortgage-Backed Securities'', §5:15 (Thomson West, 2014). Like other private label securities backed by assets, a CDO can be thought of as a promise to pay investors in a prescribed sequence, based on the cash flow the CDO collects from the pool of bonds or other assets it owns. Distinctively, CDO credit risk is typically assessed based on a probability of default (PD) derived from ratings on those bonds or assets. The CDO is "sliced" into sections known as "tranches", which "catch" the cash flow of interest and principal payments in sequence based on seniority. If some loans default and the cash collected by the CDO is insufficient to pay all of its investors, those in the lowest, most "junior" tranches suffer loss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis Of 2007-2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Awl
''The Awl'' was a website about "news, ideas and obscure Internet minutiae of the day" based in New York City. Its motto was "Be Less Stupid." History Founded in April 2009 by David Cho and former ''Gawker'' editors Choire Sicha and Alex Balk out of Sicha's East Village, Manhattan apartment, after they were laid off by the pop culture magazine ''Radar'', the trio decided to launch their own blog, completely "out of pocket with a bare-bones site." The site's name was coined by contributor Tom Scocca, after the small pointed tool used for piercing holes. "He’d always wanted to have a newspaper named The Awl. So we semi bought it from him in a friendly arrangement." Sicha told '' Vanity Fair''. The first posts on the site were an infographic by Emily Gould of ''Gawker''s office seating chart, "a video of a Miss USA contestant responding to a gay marriage question from Perez Hilton, and an item linking to a Reuters article about physicist Stephen Hawking being taken to the hosp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jezebel (website)
''Jezebel'' is a US-based website featuring news and cultural commentary geared towards women. It was launched in 2007 by Gawker Media under the editorship of Anna Holmes as a feminist counterpoint to traditional women's magazines. After the breakup of Gawker Media, the site was purchased by Univision Communications and later acquired by G/O Media. History ''Jezebel'' was launched on May 21, 2007, as the 14th Gawker Media blog.Stephanie D. Smith, Irin Carmon. "Memo Pad." ''Women's Wear Daily'', May 21, 2007. According to founding editor Anna Holmes, who had previously worked at '' Glamour'', '' Star'', and ''InStyle'', the site stemmed from the desire to better serve Gawker.com's female readers, who made up 70% of the site's readership at the time. At the site's launch, the editorial staff included Holmes; editor Moe Tkacik, a former ''Wall Street Journal'' reporter; and associate editor Jennifer Gerson, a former assistant to ''Elle'' editor-in-chief Roberta Myers. Gerson le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cathy O'Neil
Catherine ("Cathy") Helen O'Neil is an American mathematician, data scientist, and author. She is the author of the ''New York Times'' best-seller ''Weapons of Math Destruction'', and opinion columns in Bloomberg View. O'Neil was active in the Occupy movement. Education and career O'Neil attended UC Berkeley as an undergraduate, received a Ph.D. in mathematics from Harvard University in 1999, and afterward held positions in the mathematics departments of MIT and Barnard College,. She left academia in 2007, and worked for four years in the finance industry. After becoming disenchanted with the world of finance, O'Neil became involved with the Occupy Wall Street movement, participating in its Alternative Banking Group. O'Neil operates the blog mathbabe.org and is a contributor to Bloomberg View. Her first book, ''Doing Data Science'', was written with Rachel Schutt and published in 2013. In 2016, her second book, ''Weapons of Math Destruction'' was published, long-listed fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UCLA Anderson School Of Management
The John E. Anderson Graduate School of Management, also known as the UCLA Anderson School of Management, is the graduate business school at the University of California, Los Angeles, one of eleven professional schools. The school offers MBA (full-time, part-time, executive), PGPX, Financial Engineering, Business Analytics, and PhD degrees. It was named after American billionaire John E. Anderson in 1987, after he donated $15 million to the School of Management—the largest gift received from an individual by the University of California at the time. The range of programs offered by Anderson includes: * Accounting minor for undergraduates * Full Time MBA program * Ph.D. * Fully Employed MBA * Executive MBA * Master of Financial Engineering *Master of Science in Business Analytics * Global EMBA for Asia Pacific * Global EMBA for the Americas * Post Graduate Program in Management for Executives (UCLA PGPX) * Post Graduate Program in Management for Professionals (UCLA PGP PRO) H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
