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Greenspeak
In monetary policy of the United States, the term Fedspeak (also known as Greenspeak) is what Alan Blinder called "a turgid dialect of English" used by Federal Reserve Board chairmen in making wordy, vague, and ambiguous statements. The strategy, which was used most prominently by Alan Greenspan, was used to prevent financial markets from overreacting to the chairman's remarks. The coinage is an intentional parallel to Newspeak. Fedspeak when used by Alan Greenspan is often called Greenspeak. An alternative definition of Greenspeak is "the coded and careful language employed by U.S. Federal Reserve Board Chairman Alan Greenspan." Edwin le Heron and Emmanuel Carre state that "Nowadays, 'Fedspeak' (Bernanke, 2004) means clear and extensive communication of the Fed's action." Chairman Ben Bernanke and Chairwoman Yellen have effected a major change in Fed communication policy departing from the obfuscation that characterized the previous three decades. In 2014 a new detailed level o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Obscurantist
In philosophy, the terms obscurantism and obscurationism describe the anti-intellectual practices of deliberately presenting information in an abstruse and imprecise manner that limits further inquiry and understanding of a subject. There are two historical and intellectual denotations of ''obscurantism'': (1) the deliberate restriction of knowledge—opposition to the dissemination of knowledge; and (2) deliberate obscurity—a recondite style of writing characterized by deliberate vagueness. The term ''obscurantism'' derives from the title of the 16th-century satire (''Letters of Obscure Men'', 1515–1519), which was based upon the intellectual dispute between the German Catholic humanist Johann Reuchlin and the monk Johannes Pfefferkorn of the Dominican Order, about whether or not all Jewish books should be burned as un-Christian heresy. Earlier, in 1509, the monk Pfefferkorn had obtained permission from Maximilian I, Holy Roman Emperor (1486–1519), to burn all copies of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irrational Exuberance
"Irrational exuberance" is the phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a warning that the stock market might be overvalued. Origin Greenspan's comment was made during a televised speech on December 5, 1996 (emphasis added in excerpt): The Tokyo market was open during the speech and immediately moved down sharply after this comment, closing off 3%. Markets around the world followed. Greenspan wrote in his 2008 book that the phrase occurred to him in the bathtub while he was writing a speech. The irony of the phrase and its aftermath lies in Greenspan's widely held reputation as the most artful practitioner of Fedspeak, often known as Greenspeak, in the modern televised era. The speech coincided with the rise of dedicated financial TV channels around the world that would broadcast his comments live, such as CNBC. Greenspan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Age Of Turbulence
''The Age of Turbulence: Adventures in a New World'' is a 2007 memoir of former Chairman of the Federal Reserve Alan Greenspan, co-authored by Peter Petre, a former executive editor at Fortune magazine. Published on September 17, 2007, the book debuted at the top of the ''New York Times'' Bestseller list for hardcover nonfiction. Penguin Press reportedly paid him an $8 million advance. Overview The first half of ''The Age of Turbulence'' is an autobiographical chronology of Greenspan's life that shows readers the people and circumstances that helped shape and guide Greenspan—from hours of clarinet and saxophone practice to living-room philosophy with Ayn Rand. The second half of the book retells several major economic events (primarily within the United States) that have occurred over the past half century. It details his economic endeavors and personal observations while serving under various U.S. presidents and are often intermingled with the economic events. The latter half ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stabili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Owen Bennett-Jones
Owen Bennett-Jones is a freelance British journalist and a former host of ''Newshour'' on the BBC World Service. As a former BBC correspondent having been based in several countries, he also regularly reports from around the world. He currently hosts "The Future of..." on New Books Network. Education Bennett-Jones was educated at Canford School, in Dorset. He graduated from the London School of Economics. In 1983, he obtained his MPhil in politics from St Antony's College, Oxford. He also has a PhD from the University of Hull.Renowned print and broadcast journalist Dr Owen Bennet-Jones to lecture at Aberystwyth University ''Aberystwyth University'' Career Journalist Bennett-Jones h ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US House Of Representatives
The United States House of Representatives, often referred to as the House of Representatives, the U.S. House, or simply the House, is the lower chamber of the United States Congress, with the Senate being the upper chamber. Together they comprise the national bicameral legislature of the United States. The House's composition was established by Article One of the United States Constitution. The House is composed of representatives who, pursuant to the Uniform Congressional District Act, sit in single member congressional districts allocated to each state on a basis of population as measured by the United States Census, with each district having one representative, provided that each state is entitled to at least one. Since its inception in 1789, all representatives have been directly elected, although universal suffrage did not come to effect until after the passage of the 19th Amendment and the Civil Rights Movement. Since 1913, the number of voting representatives ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Bank Of Dallas
The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico, a district sometimes referred to as the Oil Patch. The Federal Reserve Bank of Dallas is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation's central bank. The Dallas Fed is the only one where all external branches reside in the same state (although the region itself includes northern Louisiana as well as southern New Mexico). The Dallas Fed has branch offices in El Paso, Houston, and San Antonio. The Dallas bank is located at 2200 Pearl St. in the Uptown neighborhood of Oak Lawn, just north of downtown Dallas and the Dallas Arts District. Prior to 1992, the bank was located at 400 S. Akard Street, in the Government District in Downtown Dallas. The older Dallas Fed building, which opened in 1921, was built in the Beaux-arts style, with large limestone structure with massi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ron Insana
Ronald G. Insana (born March 31, 1961 in Buffalo, New York) is an American finance reporter, author and former hedge fund manager. He presents the ''Market Score Board Report with Ron Insana'' radio show, syndicated by Compass, and is a senior analyst and commentator at CNBC. Insana was the Managing Director of Insana Capital Partners from inception to dissolution. He was the anchor of CNBC's ''Street Signs'', which aired on weekdays during stock market hours. Until December 5, 2003, he and Sue Herera co-anchored CNBC's then flagship nightly financial news program, '' Business Center''. He has been a resident of Tenafly, New Jersey. Early life and education Born in Buffalo, New York, Insana's family moved to Los Angeles while he was in seventh grade. He graduated from Chaminade College Preparatory in 1979 and was recognized as "Distinguished Alumnus of the Year" in 2005. Later, he graduated with honors from California State University, Northridge. Career Broadcasting Insa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosetta Stone (software)
The Rosetta Stone is a stele composed of granodiorite inscribed with three versions of a decree issued in Memphis, Egypt, in 196 BC during the Ptolemaic dynasty on behalf of King Ptolemy V Epiphanes. The top and middle texts are in Ancient Egyptian using hieroglyphic and Demotic scripts respectively, while the bottom is in Ancient Greek. The decree has only minor differences between the three versions, making the Rosetta Stone key to deciphering the Egyptian scripts. The stone was carved during the Hellenistic period and is believed to have originally been displayed within a temple, possibly at Sais. It was probably moved in late antiquity or during the Mamluk period, and was eventually used as building material in the construction of Fort Julien near the town of Rashid (Rosetta) in the Nile Delta. It was found there in July 1799 by French officer Pierre-François Bouchard during the Napoleonic campaign in Egypt. It was the first Ancient Egyptian bilingual text recovered in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BusinessWeek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maria Bartiromo
Maria Sara Bartiromo (born September 11, 1967) is an American financial journalist, television personality, news anchor, and author. She is the host of ''Mornings with Maria'' and '' Maria Bartiromo's Wall Street'' on the Fox Business Network as well as ''Sunday Morning Futures With Maria Bartiromo'' on the Fox News Channel. Bartiromo worked at CNN as a producer for five years before joining CNBC in 1993, where she worked on-air for 20 years. With CNBC, she was the host of ''Closing Bell'' and ''On the Money with Maria Bartiromo''. She was the first television journalist to deliver live reports from the floor of the New York Stock Exchange. She has won several awards for her work on these programs, including two Emmy Awards. Nicknamed the "Money Honey", she garnered considerable attention within the financial industry in addition to the media. Her work for CNBC was largely non-political in its subject matter and approach. She sits on the boards of a number of non-profit and civic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
