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Recession Index
The recession index (''the R-word index'') is an informal index created by The Economist which counts how many stories in The Washington Post and ''The New York Times'' use the word “recession” in a quarter. This simple formula pinpointed the start of recessions in 1981, 1990, and 2001, but was misleading in the early 1990s, when the index indicated a recession for a year after it had officially ended in March 1991. The index has inspired serious research into testing whether the tone and volume of economic reporting over time has affected people's perceptions. Mark Doms (Federal Reserve Bank of San Francisco) and Norman Morin (Board of Governors of the Federal Reserve System) (2004) created indexes based on the number of articles that contain certain keywords and phrases in the title or first paragraph in the thirty largest newspapers across the US. For instance, the "recession index" is based on the number of articles that mention "recession" or "economic slowdown.". Sourc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Index (economics)
In Statistics, Economics and Finance, an index is a statistical measure of change in a representative group of individual data points. These data may be derived from any number of sources, including company performance, prices, productivity, and employment. Economic indices track economic health from different perspectives. Influential global financial indices such as the Global Dow, and the NASDAQ Composite track the performance of selected large and powerful companies in order to evaluate and predict economic trends. The Dow Jones Industrial Average and the S&P 500 primarily track U.S. markets, though some legacy international companies are included. The consumer price index tracks the variation in prices for different consumer goods and services over time in a constant geographical location and is integral to calculations used to adjust salaries, bond interest rates, and tax thresholds for inflation. The GDP Deflator Index, or real GDP, measures the level of prices of all- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norman Morin
Norman or Normans may refer to: Ethnic and cultural identity * The Normans, a people partly descended from Norse Vikings who settled in the territory of Normandy in France in the 10th and 11th centuries ** People or things connected with the Norman conquest of southern Italy in the 11th and 12th centuries ** Norman dynasty, a series of monarchs in England and Normandy ** Norman architecture, romanesque architecture in England and elsewhere ** Norman language, spoken in Normandy ** People or things connected with the French region of Normandy Arts and entertainment * ''Norman'' (film), a 2010 drama film * '' Norman: The Moderate Rise and Tragic Fall of a New York Fixer'', a 2016 film * ''Norman'' (TV series), a 1970 British sitcom starring Norman Wisdom * ''The Normans'' (TV series), a documentary * "Norman" (song), a 1962 song written by John D. Loudermilk and recorded by Sue Thompson * "Norman (He's a Rebel)", a song by Mo-dettes from '' The Story So Far'', 1980 Busines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recessions
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply and decreasing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Humorous Units Of Measurement
Many people have made use of, or invented, units of measurement intended primarily for their humor value. This is a list of such units invented by sources that are notable for reasons other than having made the unit itself, and that are widely known in the anglophone world for their humor value. Systems FFF units Most countries use the International System of Units ( SI). In contrast, the furlong/ firkin/fortnight system of units of measurement draws attention by being extremely old fashioned and off-beat at the same time. One furlong per fortnight is very nearly 1 centimetre per minute (to within 1 part in 400). Besides having the meaning of "any obscure unit", furlongs per fortnight have also served frequently in the classroom as an example on how to reduce a unit's fraction. The speed of light may be expressed as being roughly 1.8 terafurlongs per fortnight (or megafurlongs per microfortnight). Great Underground Empire (''Zork'') In the ''Zork'' series of games, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Unusual Units Of Measurement
An unusual unit of measurement is a unit of measurement that does not form part of a coherent system of measurement, especially because its exact quantity may not be well known or because it may be an inconvenient multiple or fraction of a base unit. This definition is not exact since it includes units such as the ''week'' or the '' light-year'', which are quite "usual" in the sense that they are often used, but can be "unusual" if taken out of their common context, as demonstrated by the furlong-firkin-fortnight (FFF) system of units. Many of the unusual units of measurements listed here are colloquial measurements, units devised to compare a measurement to common and familiar objects. Length Hammer unit Valve's Source game engine uses the ''Hammer unit'' as its base unit of length. This unit refers to Source's official map creation software, Hammer. The exact definition varies from game to game, but a Hammer unit is usually defined as a sixteenth of a foot (16 Ham ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christmas Price Index
The Christmas Price Index is a tongue-in-cheek economic indicator, maintained by the U.S. bank PNC Wealth Management, which tracks the cost in USD of the items in the carol "The Twelve Days of Christmas". Origins The Christmas Price Index was conceived by the Chief Economist of Provident National Bank as a humorous commodity price index to measure the changing cost of goods over time. Commodity price indices, as compiled by economics, use a "market basket" of certain goods and then measure the cost of the goods from year to year to gauge inflation in different sectors of the economy. The Christmas Price Index chose the items in the popular Christmas carol "The Twelve Days of Christmas" as its market basket: a partridge in a pear tree, two turtle doves, three French hens, four calling birds, five golden rings, six geese, seven swans, eight maids, nine dancing ladies, ten leaping lords, eleven pipers, and twelve drummers. According to tradition, the purchasing of the items be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Mac Index
The Big Mac Index is a price index published since 1986 by ''The Economist'' as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible." The index compares the relative price worldwide to purchase the Big Mac, a hamburger sold at McDonald's restaurants. Overview The Big Mac index was introduced in ''The Economist'' in September 1986 by Pam Woodall as a semi-humorous illustration of PPP and has been published by that paper annually since then. Although the Big Mac Index was not intended to be a legitimate tool for exchange rate evaluation, it is now globally recognised and featured in many academic textbooks and reports. The index also gave rise to the word ''burgernomics.'' The theory underpinning the Big Mac index stems from the concept of PPP, which states th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve System
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. U.S. Congress, 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 bank regulation, regulating ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Bank Of San Francisco
The Federal Reserve Bank of San Francisco (informally referred to as the San Francisco Fed) is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus the Northern Mariana Islands, American Samoa, and Guam. The San Francisco Fed has branch offices in Los Angeles, Portland, Salt Lake City, and Seattle. It also has a cash processing center in Phoenix. The twelfth district is the nation's largest by area and population, covering , or 36% of the nation's area, and 60 million people. The Federal Reserve Bank of San Francisco is the second-largest by assets held, after New York. In 2004 the San Francisco Fed processed 20.8 billion currency notes and 1.5 billion commercial checks. The Federal Reserve Bank in San Francisco has one of the largest collections of US paper money in the United States, which is displayed in the American Curr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Doms
Mark Doms was the Under Secretary of Commerce for Economic Affairs for the Department of Commerce from January 2013 until September 2015. He was nominated by President Barack Obama on September 13, 2012 and was confirmed by the Senate on January 1, 2013 as one of the last acts of the 112th Congress. Prior to his confirmation, he was the United States Department of Commerce's Chief Economist. As the Under Secretary, Doms contributed to policies and discussions on a wide range of issues including trade, manufacturing, taxation, innovation, competitiveness, retirement security, immigration, and education. Doms also led the Economics and Statistics Administration (ESA), which includes the Census Bureau and the Bureau of Economic Analysis (BEA). Both agencies collect and produce information on the United States' population and economy. Doms also served as the Secretary's appointed Board Representative to the Pension Benefit Guarantee Corporation. After serving as Under Secretary, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as monetary policy, incr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
