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The idea that taxes should be levied on a person according to how well that person can shoulder that burden.
The ability to produce more of a good or service than another producer using the same amount of resources as that producer.
A value that cannot be traded off against other things that are highly valued by individuals. Many moral or ethical laws are considered to be absolute goods by the supporters (or advocates) of such laws.
The amount that an economy actually produces, as measured by real GDP.
The tendency of insurance to be purchased by those most likely to make claims.
A graphical depiction of the amounts of real output (gross domestic product or GDP) that buyers collectively desire to purchase at each possible price level.
A graphical depiction of the amounts of real output (gross domestic product or GDP) that businesses will choose to produce at each possible price level.
A process or set of rules to be followed in calculations or other problem-solving operations, especially by a computer.
The different possibilities to choose from in a given situation.
The percentage cost of credit on an annual basis and the total cost of credit to the consumer. APR combines the interest paid over the life of the loan and all fees that are paid up front.
A series of fixed payments of the same amount paid at regular intervals (i.e., every week, month or pay period) over a specified period of time.
FV = (A/i)[(1+i)n - 1], where:
FV = Future value is the amount that's not known, but will be solved in the calculation. It's the amount wanted in the future.
A = Annuity; annuities are the initial and subsequent payments (which must be the same amount).
i = Interest rate has a great effect on future value. The interest rate in the formula must be written in decimal form, such as 0.03 instead of 3%.
n = This is the number of periods, where "n" is the number of equal deposits that will be made.
An increase in value. Currency appreciation is an increase in the value of one currency relative to another.
The simultaneous purchase and sale of a good in order to profit from a difference in price.
A resource with economic value that an individual, corporation or country owns with the expectation that it will provide future benefits.
A situation where one party to a market transaction has more information about a product or service than the other.
A sale of property to the highest bidder.
A form of debit card used in a cash machine to access an account by using a code or personal identification number.
A standing policy that activates automatically without intervention, usually during a recession.
An online payment that is automatically deducted from the account balance on a recurring basis.
A summary of all the transactions involving goods and services and investment that all individuals, firms, and the government of one nation makes with all of those in all other nations in a given time period.
The difference between a country's total exports and total imports. Also known as "net exports."
Occurs when the federal government's expenditures on programs equal the amount of tax revenue collected.
A tool in which an account holder lists his or her initial balance in an account and then records all debits and credits in order to maintain an accurate record of account activity and an accurate balance.
Occurs when banks are unable to meet depositors' demands for their money.
Occurs when a bank run begins at one bank and spreads to others, causing people to lose confidence in banks.
The amount of deposits not loaned out by banks.
Occurs when many depositors rush to the bank to withdraw their money at the same time.
A statement given to account holders by a bank or credit union to keep them informed of all transactions they made during the statement period. These statements are sent on a regular basis or posted online.
Banks closed to the public because of financial difficulties.
A legal process for declaring that a person is unable to pay their debts. The process may involve a court-supervised process of selling the bankrupt person's belongings to pay part of the debts owed to creditors.
Businesses that accept deposits and make loans.
Trading goods and services for other goods and services without using money.
Things favorable to a decision-maker.
A map with regions divided into two classes.
A federal government agency that is the centralized component of the Federal Reserve System. These governors guide the policy actions of the Federal Reserve System.
A certificate of indebtedness issued by a government or corporation.
Taking money with a promise to repay the money in the future.
A method of protest where people show a business that they are angry by refusing to buy the goods or services it produces.
An itemized summary of probable income and expenses for a given period. A budget is a plan for managing income, spending and saving during a given period of time.
Government expenditures exceed revenues.
A research agency of the United States Department of Labor that compiles statistics on employment, unemployment and other economic data.
The fluctuating levels of economic activity in an economy over a period of time measured from the beginning of one recession to the beginning of the next.
A borrower's ability to repay debt.
The section of a nation's balance of payments that records debt forgiveness by and to foreigners and foreign purchases of assets in the United States and U.S. purchases of assets abroad.
A profit from the sale of financial investments.
Goods that have been produced and are used to produce other goods and services. They are used over and over again in the production process. Also called capital goods and physical capital.
A device designed to read or decode the encoding on plastic cards.
A card transaction in which the card itself is not physically present. The cardholder provides information including the card number, expiration date, name of cardholder, and security code to a merchant.
A face-to-face card transaction in which the card is physically swiped or inserted into a card reader terminal.
An institution that oversees and regulates the banking system and quantity of money in the economy.
A savings alternative in which money is left on deposit for a stated period of time to earn a specific interest rate.
A borrower's reputation for paying bills and debts based on past behavior.
Important features money should have. Money should be portable, durable, divisible, generally acceptable and relatively scarce.
A printed form directing a bank to withdraw money from an account and pay it to another account.
Deposits in accounts against which checks can be written.
Businesses that provide services such as cashing all types of checks, including payroll, insurance, tax refund, settlement, and government and Social Security payments. These businesses may also provide other services, such as payday loans, money orders, and money wires.
An account held at a bank or credit union in which account owners deposit funds. Account owners have the privilege of writing checks on their accounts and are able to use ATM cards and debit cards to access funds.
A decision made between two or more possibilities or alternatives.
A map that uses shading, color, or symbols to convey a quantity or property for an area.
An institution where mutual claims and accounts are settled, as between banks.
An economy that does not interact with other economies.
Money, usually minted from some combination of metals.
Each participant in an exchange is willing to trade what he or she has in exchange for what the other participant is willing to trade.
Property required by a lender and offered by a borrower as a guarantee of payment on a loan. Also, a borrower's savings, investments or the value of the asset purchased that can be seized if the borrower fails to repay a debt.
Something of value that a bank is able to keep if a borrower fails to repay a loan.
Businesses that accept deposits and make loans.
A short-term, unsecured promissory note issued by an industrial or commercial firm, a financial company, or a foreign government. Typically, maturity is 90 to 180 days.
The ability to produce at a lower opportunity cost than another producer.
Productive inputs that are used jointly with other inputs in the production process.
Interest computed on the sum of the original principal and accrued interest.
The legislative body of the U.S. government, consisting of the Senate and the House of Representatives.
A measure of how consumers feel about the economy, considered an indicator of consumers' spending and saving decisions.
Goods and services that are used for current consumption.
A measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
People who buy goods and services to satisfy their wants.
An exchange, promise or agreement between two parties that is enforceable by law. For example, a car buyer agrees to pay the amount financed at an agreed upon interest rate for the length of the contract.
A period when real GDP declines; a period of economic decline.
Actions taken by the Federal Reserve to decrease the growth of the money supply and the amount of credit available.
The consumer price index (CPI) excluding food and energy.
A company owned by shareholders.
The amount of income needed to achieve a given living standard.
Things unfavorable to a decision-maker.
The granting of money or something else of value in exchange for a promise of future repayment.
Cards that represent an agreement between a lenderthe institution issuing the cardand the cardholder. Credit cards may be used repeatedly to buy products or services or to borrow money on credit. Credit cards are issued by banks, savings and loan associations, retail stores, and other businesses.
A person's payment activity over a period of time.
A loan and bill payment history kept by a credit bureau and used by financial institutions and other potential creditors to determine the likelihood that a future debt will be repaid.
An organization that compiles credit information on individuals and businesses and makes it available to businesses for a fee.
Refers to the actions or behaviors in which people should engage when they use credit.
Refers to the protections put in place by law to help people obtain and maintain credit.
A number based on information in a credit report, which indicates a person's credit risk.
A nonprofit financial institution that is owned by its members.
A person, financial institution or other business that lends money.
Additions or deposits to an account. In a bank account register, credits are added to the balance.
A set of standards to consider when choosing among alternatives.
Things that are really important to think about when making a decision.
A condition where government enters the loanable funds market and thereby increases the interest rate beyond what is feasible for private sector borrowing.
Money, usually made from some type of paper-like material.
The section of a nation's balance of payments that records its exports and imports of goods and services, its net investment income, and its net transfers.
A statistical survey carried out by the U.S. Bureau of Labor Statistics.
Unemployment associated with recessions in the business cycle.
A plastic card similar to a credit card that allows money to be withdrawn or payments made directly from the holder's bank account.
Charges to or withdrawals from an account. In a bank account register, debits are subtracted from the balance.
Money owed in exchange for loans or for goods or services purchased with credit.
Deciding among choices (alternatives or options).
A table used to evaluate alternatives based on criteria for the purpose of making a decision.
Default is the failure to promptly pay interest or principal when due.
Postponed until a later time.
A general, sustained downward movement of prices for goods and services in an economy.
In general it refers to a percentage determined by dividing the number of loans that have delinquent payments by the number of total loans.
Failing to make timely payments under a loan or other credit agreement.
The quantity of a good or service that buyers are willing and able to buy at all possible prices during a certain time period.
A financial institution such as a savings bank, commercial bank, savings and loan association, or credit union that is legally allowed to accept monetary deposits from consumers.
A decrease in value. Currency depreciation is a decrease in the value of one currency relative to another.
A severe and long-lasting economic downturn that is worse and deeper than a recession; a severe reduction in gross domestic product (GDP).
Factors that cause the demand curve to shift, such as changes in consumer income, consumer tastes and preferences, prices of related goods, number of buyers in the market, and consumer expectations.
Factors that cause the supply curve to shift, such as changes in input prices, taxes or subsidies, technology, producer expectations, and the number of sellers.
An electronic transaction in which money is deposited directly into a payee's bank account from a payer's bank account.
The interest rate charged by the Federal Reserve to banks for loans obtained through the Fed's discount window.
Someone who is not working and is not looking for work because of a belief that there are no jobs available to him or her.
The portion of personal income available for spending after taxes and basic essentials have been deducted.
Government spending authorized by Congress on an annual basis.
A decrease in the inflation rate or a slowdown in the upward movement of prices for goods and services in the economy.
The amount of a person's paycheck that is available to spend or save.
To consume more than income; essentially, the opposite of saving.
Investment in various financial instruments in order to reduce risk.
A share of a company's net profits paid to stockholders.
Easily divided into smaller amounts.
An approach to completing a complex task that breaks the project into a number of smaller, simpler tasks, which are assigned to individuals who generally perform only these duties.
Inside a particular country.
An index consisting of stock prices of 30 companies in various industries reflecting U.S. economic activity.
A sum of money put toward the purchase price to reduce the amount of money borrowed.
The Federal Reserve's responsibility to use monetary policy to promote maximum employment and stable prices.
Something that is long lasting.
Earned income is the payment you receive for the work you do. There are two ways to get earned income: You work for someone who pays you or you own or run a business or farm.
A refundable federal tax credit for low-income working people designed to reduce poverty and encourage labor force participation.
Money or income received in exchange for labor or services.
A more equal distribution of goods and services to citizens. Also known as economic equity.
A more equal distribution of goods and services to citizens. Also known as economic equality.
A sustained rise over time in a nation's production of goods and services.
Statistical data used to determine the health of the economy.
Simple depictions of complex ideas.
Desires that can be satisfied by consuming goods and services. Also known as wants.
A system of production and distribution of resources, goods, and services.
Level of education a student completes (high school, college, graduate).
The theory that the current price of a stock in a corporation reflects all relevant information about the stock's current and future earnings prospects.
Currency whose supply can be increased or decreased to meet the demands of the economy, and used by a central bank to provide financial stability and achieve economic goals.
The type of demand that exists when the percentage change in quantity demanded is greater than the percentage change in price; that is, consumers are very sensitive to a change in the price of a good or service.
The ratio of the percentage change in quantity demanded of a good or service to the percentage change in its price; a measure of the responsiveness of buyers to a change in the price of a good or service. Many factors influence demand elasticity, including the availability of close substitutes, whether the good is a necessity or a luxury, the definition of a market, the relative purchase size, and the time horizon.
An electronic system that allows a recipient to receive financial benefits from the government via a debit card. The recipient uses the EBT card to make purchases from retailers.
Competent parties, consideration and mutual agreement are the elements of a contract that must be present to make the contract legal and enforceable. Competent parties are individuals involved in a contract who must be able to understand the conditions of the contract. Consideration refers to the fact that each party of a contract gives up something in exchange for what the other party is providing. Mutual agreement means that each party to the contract must be clear about the essential details, rights and obligations of the contract.
A government order that limits or prohibits trade with a particular country or group of countries.
People 16 years and older who have jobs.
The percentage of the labor force that is employed.
Specifications developed by Europay, MasterCard, and Visa defining requirements for using chip cards worldwide.
Individuals who are willing to take risks in order to develop new products and start new business. They recognize opportunities, enjoy working for themselves and accept challenges.
A characteristic of people who assume the risk of organizing productive resources to produce goods and services.
The price at which quantity supplied and quantity demanded are equal. The point at which the supply and demand curves intersect.
The wage at which the quantity of labor supplied and quantity of labor demanded are equal.
Amount of funds held by a depository institution in its account at a Federal Reserve Bank in excess of its required reserve balance and its contractual clearing balance.
Trading goods and services with people for other goods and services or for money.
The price of one country's currency in terms of another country's currency.
The property of a good or service whereby the seller can keep nonbuyers from obtaining the good or service.
Free from withholding of federal income tax. A person must meet certain income, tax liability and dependency criteria. This does not exempt a person from other kinds of tax withholding, such as the Social Security tax.
Amount that taxpayers can claim for themselves, their spouses and eligible dependents. There are two types of exemptions: personal and dependency. Each exemption reduces the income subject to tax. The exemption amount is a set amount that changes from year to year.
A period when real GDP increases; a period of economic growth.
Actions taken by the Federal Reserve to increase the growth of the money supply and the amount of credit available.
Money spent to buy goods and services.
The costs people incur for goods and services. Expenses are often categorized as fixed, variable, and periodic. Fixed expenses are those that occur each month in a regular amount, such as rent, car payments, and mortgage payments. Variable expenses are those that change from one time period to the next, such as food, clothing, gasoline, and entertainment. Periodic expenses are those that occur several times a year, such as car insurance and life insurance payments.
A cost that involves actually laying out money. A direct expense that a business incurs, such as rent, salaries, wages, or utility bills.
Goods or services that are produced domestically but sold abroad.
The natural resources, human resources and capital resources that are available to make goods and services. Also known as productive resources.
The FDIC is an agency of the U.S. government that insures deposits in banks and thrift institutions, supervises the risks associated with these insured funds, and limits the repercussions on the economy when a bank or thrift institution fails.
The interest rate at which a depository institution lends funds that are immediately available to another depository institution overnight.
The federal government levies a tax on personal income. The federal income tax provides for national programs such as defense, foreign affairs, law enforcement and interest on the national debt.
A tax or required contribution that most workers and employers pay. FICA is a payroll tax used to fund Social Security and Medicare.
The Federal Reserve's chief body for conducting monetary policy. The FOMC consists of the Board of Governors and five Federal Reserve bank presidents. Fed presidents rotate on and off of the committee at regular intervals.
The 1913 act of congress establishing the Federal Reserve System.
One of 12 regional banks providing services to commercial banks, serving as fiscal agents for the U.S. government, and conducting economic research on its region and the nation.
Twelve regions in the United States that are represented by a reserve bank.
The central bank system of the United States.
A loan provided by the government to postsecondary students and their parents to assist in paying for education.
An independent agency of the United States federal government that maintains fair and free competition, enforces federal antitrust laws, and educates the public about identity theft.
Money charged to review your application for credit or to service your credit account, such as maintenance fees or late fees. Banks often charge fees for servicing bank accounts, including overdraft fees and charges for using a non-bank ATM.
A substance or device used as money, having no intrinsic value (no value of its own), or representational value (not representing anything of value, such as gold).
To mail or transmit a taxpayer's information in specified format about income and tax liability. The return can be filed on paper, electronically or by telephone to an IRS service center.
A contract that states the conditions under which one party (a person or institution) promises to pay another party cash at some point in the future.
Placing money in a savings account or in any number of financial assets, such as stocks, bonds or mutual funds, with the intention of making a financial gain.
Having knowledge of financial matters and applying that knowledge to one's life.
A person or organization serving as another's financial representative.
Spending and taxing policies of the federal government to influence the economy.
A tax system in which all levels of income are taxed at the same rate.
A system in which supply and demand determine exchange rates.
The Supplemental Nutrition Assistance Program (SNAP) allowing low-income individuals to buy nutritious food and health-care products.
The temporary suspension or reduction of monthly loan payments, usually up to one year.
To take possession of a mortgaged property as a result of the borrower's failure to make mortgage payments.
A market in which one country's currency can be used to purchase another country's currency.
A banking system in which the amount of reserves that banks hold is less than the value of their customers' deposits.
Intentional and deliberate misrepresentation of information in violation of laws and regulations.
The intervals between occurrences. In macroeconomics it is common for data to be released monthly, quarterly, semiannually, or annually.
Unemployment that results when people are new to the job market, including recent graduates, or are transitioning from one job to another.
The lowest possible unemployment rate in a growing economy with all factors of production used as efficiently as possible.
Although defined by the U.S. Bureau of Labor Statistics as employment of 35 hours or more in a week, the matter of "full-time employment" is generally determined by the employer.
Activities that can be carried out through the use of money. Activities include medium of exchange, unit of account and store of value.
The value of an asset or cash at a specified date in the future that is equal in value to a specified sum today.
FV=PV (1+i)n, where:
FV = Future value is the amount that's not known, but will be solved in the calculation. It's the amount wanted in the future.
PV = Present value is money currently held or the amount of money that will be earning interest.
i = Interest rate has a great effect on future value. The interest rate in this formula must be written in decimal form, such as 0.03 instead of 3%.
n = This is the number of periods (such as years) money is saved and interest is applied. If money were to be saved for 3, 5, 7 or 10 years, then 3, 5,7, or 10 would be "n" in the calculation.
A job, especially one taken after graduation, that is suited to the ability and potentiality of the one employed.
People will take an item as payment for their work or as payment for goods and services.
A prepaid card that is branded as a "general-purpose" reloadable (GPR) card. A prepaid GPR card allows consumers to reload the card with additional funds and even set up direct deposits to the card.
The ability to exchange dollars for gold at a fixed price.
Objects that satisfy people's wants.
The sum of accumulated budget deficits. Also known as national debt.
Purchases of goods and services by government.
Bonds, notes and other debt instruments sold by a government to finance its expenditures.
A sale of government securities in which competitive bidding determines their yield.
The total market value, expressed in dollars, of all final goods and services produced in an economy in a given year.
The amount people earn per pay period before any deductions or taxes are paid.
The knowledge and skills that people obtain through education, experience and training.
The quantity and quality of human effort directed toward producing goods and services. Also known as labor.
People who do mental and/or physical work to produce goods and services.
A very rapid rise in the overall price level; an extremely high rate of inflation.
An indirect cost that does not require an outlay of money; it is measured by the value, in dollar terms, of foregone benefits.
Goods or services that are produced abroad but sold domestically.
Perceived benefits that encourage certain behaviors.
Actions, awards and rewards that determine the choices people make.
The payment people receive for providing resources in the marketplace. When people work, they provide human resources (labor) and in exchange they receive income in the form of wages or salaries. People also earn income in the forms of rent, profit, and interest.
Payment people earn for the work they do.
Taxes on income, both earned (salaries, wages, tips, commissions) and unearned (interest, dividends). Income taxes can be levied on both individuals (personal income taxes) and businesses (business and corporate income taxes).
A mutual fund with the objective to match the composite investment performance of a large group of stocks or bonds such as those represented by the Standard and Poor's 500 index.
A condition that results when production of goods and services involves wasted resources or when it is possible to reallocate resources in a way that would generate greater consumer satisfaction.
The type of demand that exists when the percentage change in quantity demanded is less than the percentage change in price; that is, consumers are not very sensitive to a change in the price of a good or service.
A general, sustained upward movement of prices for goods and services in an economy.
The percentage increase in the average price level of goods and services over a period of time.
Basic structures, including buildings and facilities such as roads, bridges, and waste disposal systems.
A company's first sale of stock to the public.
Something determined by factors present in an individual from birth rather than learned by experience.
Materials and resources used to produce goods and services.
The "rules of the game" that structure economic incentives.
The price of using someone else's money. When people place their money in a bank, the bank uses the money to make loans to others. In return, the bank pays interest to the account holder. Those who borrow from banks or other organizations pay interest for the use of the money borrowed.
Money paid to customers for keeping their money at the bank.
The percentage of the amount of a loan that is charged for a loan. Also, the percentage paid on a savings account.
The effect on consumer spending and investment spending caused by a change in the aggregate price level on the purchasing power of consumers' and firms' money holdings.
One who stands between two parties to facilitate a transaction; a mediator.
A man-made good that is used to produce another good or service, becoming part of that good or service.
The federal agency that collects income taxes in the United States.
Altering incentives so that individuals and firms incorporate the costs and benefits that have been shifted to third parties into their decision-making.
The purchase of physical capital goods (e.g., buildings, tools and equipment) that are used to produce goods and services.
Someone who works with a business to determine how much money should be raised to accomplish the goals of the business and the price and number of shares that should be sold to reach those financial goals.
The efforts people put forth to acquire human capital. These efforts include education, experience, and training.
People of institutions who provide money or other assets to a company in return for possible financial gain in the future.
A retirement account that allows individuals to direct pretax or after-tax income, up to specific annual limits, toward investments that can grow.
Any financial institution that issues or causes credit cards to be issued.
An effect where an increase (or decrease) in a component of aggregate demand (i.e., consumption, investment, or government spending) produces an increase (or decrease) in national income that is greater than the initial increase (or decrease) in the component. This greater-than-proportional change in national income is the result of chain reactions that generate more (or less) activity than the original increase (or decrease).
The quantity and quality of human effort directed toward producing goods and services. Also known as human resources.
The total number of workers, including both the employed and the unemployed.
The percentage of the working-age population that is in the labor force.
The exchange of labor by workers who want to sell labor and businesses that want to purchase labor.
The time between the recognition of an economic problem, the negotiation and implementation of a solution, and the realization of results in the economy.
As the price of a good or service rises, the quantity demanded of that good or service falls. Likewise, as the price of a good or service falls, the quantity demanded of that good or service rises.
As the price of a good or service rises, the quantity supplied of that good or service rises. Likewise, as the price of a good or service falls, the quantity supplied of that good or service falls.
Money owed; debt.
The legal right to take or sell property as security for a debt.
An asset that is easily convertible to cash with relatively little loss of value in the conversion process.
The quality that makes an asset easily convertible into cash with relatively little loss of value in the conversion process.
A sum of money provided temporarily on the condition that the amount borrowed be repaid, usually with interest.
Money made available to borrowers through the actions of savers.
A virtual market that consists of 1) borrowers, including money demanders, consumers and firms who want loans to buy goods and services or invest in capital or inventory; and 2) savers, such as money suppliers, households and firms who save money. It is the market in which the supply and demand for loanable funds determines the interest rate.
Goods or services you want to buy in a year or longer.
The study of the broad economy, such as how an economy grows and how growth is maintained.
A magnetic stripe on the back of a plastic card that activates card information stored on the card when swiped through a card reader; also called a magnetic strip or magstripe.
Government spending required by current law.
A selected group of consumer goods and services whose prices are tracked for calculating a consumer price index and measuring the cost of living.
The price at which buyers and sellers trade a good or service in the marketplace; where the quantity demanded equals the quantity supplied. Also known as the market-clearing price or the equilibrium price.
Programs in which eligibility depends on the level of one's current income or assets.
The value in an ordered set of values below and above which there is an equal number of values; the number that divides numerically ordered data into two equal halves; the middle number of a set of numbers.
The middle number of a set of numbers; the number that divides numerically ordered data into two equal halves.
A jointly administered federal and state health care program for low-income people.
A federal health care program that pays for certain medical and hospital costs for people aged 65 and older (and for some people who are under the age of 65 and disabled); part of Social Security.
A payroll tax that is part of FICA, collected from most employees and employers to fund the hospital insurance provided under the Medicare system. Used to provide medical benefits for certain individuals when they reach age 65. Workers, retired workers, and the spouses of workers and retired workers are eligible to receive Medicare benefits upon reaching age 65.
Anything that is generally acceptable in exchange for goods and services.
The costs to a firm incurred as a result of changing prices. The term comes from the cost incurred for printing new menus when a restaurant raises prices.
The study of the markets that make up the broad economy.
A small, short-term loan at low interest, often used by self-employed individuals or entrepreneurs for start-up expenses, inventory, or equipment.
The lowest wage that employers may legally pay for an hour of labor.
Central bank actions involving the use of interest rate or money supply tools to achieve such goals as maximum employment and stable prices.
Anything widely accepted in exchange for goods and services.
An increase in the money supply generated by the banking system through the lending of reserves.
An economic theory stating that, in the long run, changes in the money supply cause changes in variables, such as price and wages, but not in unemployment or real (or inflation-adjusted) variables, such as real GDP (gross domestic product) and real consumption.
The quantity of money available in an economy. The basic money supply in the United States consists of currency, coins and checking account (demand) deposits. Also known as money stock.
A market structure where many firms produce similar but not identical products.
The risk that one party to a transaction will engage in behavior that is undesirable from the other party's view.
A debt owed for loans for homes and real estate.
In order for a trade to be mutually beneficial among each party involved, the price of the good or service must fall between the opportunity costs of producers involved in the trade. Importers will pay no more for goods or services than what it costs to produce them, while exporters will sell goods or services for no less than what it costs to produce them.
The National Association of Securities Dealers Automated Quotations System – a stock exchange where trades are made electronically.
The accumulation of budget deficits. Also known as government debt.
The rate of unemployment that does not contain cyclical unemployment.
Things that occur naturally in and on the earth that are used to produce goods and services.
A negative side effect that results when the production or consumption of a good or service affects the welfare of people who are not the parties directly involved in a market exchange.
An amount of money saved for a special occasion, such as retirement or buying a house.
A component of gross domestic product (GDP), net exports are the result of U.S. exports minus U.S. imports.
Gross pay minus deductions and taxes.
Monetary values, wages, or prices, measured in current prices.
The total market value of all final goods and services produced in an economy in a given year, expressed using the current year's price for goods and services. Also known as current-dollar GDP.
The inability to keep nonpayers (free riders) from obtaining benefits from a certain good or service.
An account in which no interest is paid on the principal, which is the amount of deposit or account balance. Also called zero-interest account.
An asset that is not easily convertible into cash with relatively little loss of value in the conversion process.
Any public school, including public colleges and schools not a part of the public school system, which operates with no intention of making a profit.
The property of a good or service whereby one person's benefit from a certain good or service does not reduce the benefit available to others.
The buying and selling of government securities through primary dealers by the Federal Reserve in order to influence the money supply.
The value of the next-best alternative when a decision is made; it's what is given up.
The difference between potential output and actual output.
Points along the production possibilities frontier.
Goods and services that are produced.
The result of an account holder authorizing a withdrawal through a check, ATM withdrawal, debit card purchase or electronic payment when the account does not have enough money to cover the transaction.
The penalty associated with an overdraft.
Provided by financial institutions to generally approve and pay overdraft transactions when the account holder does not have enough funds to cover the transactions in return for a fee.
A controversial Keynesian economics theory, which proposes that if everyone tries to save more during a recession, then aggregate demand will fall. As a result, the theory argues everyone would grow poorer instead of richer due to the decreases in aggregate consumption, saving, earnings, and economic growth.
A license that gives the inventor of a new product the exclusive right to sell it for a specific period of time.
A small, short-term loan that is intended to cover a borrower's expenses until his or her next payday. May also be called a paycheck advance or a payday advance.
Amounts subtracted from gross pay.
Negative incentives that make people worse off.
Per person. Determined by dividing the total quantity by the total population.
Gross domestic product (GDP) divided by the total population of a country.
The total income earned by individuals in a state, region or country during a year, divided by the population of the state, region or country.
A market in which there are many buyers and many sellers of an identical product.
A required code known only by the cardholder that is used to make transactions; the PIN is entered into a terminal and sent to an authorizing entity to verify the account.
The income that individuals receive from all sources including wages and salaries, dividends and interest, rents, profits, and transfer payments.
The ratio of personal saving to disposable personal income; the fraction of income, after taxes, that is saved.
An economic model indicating an inverse relationship between the rate of inflation and the rate of unemployment.
Goods that have been produced and are used to produce other goods and services. They are used over and over again in the production process. Also called capital goods and capital resources.
A tax used to correct for a negative externality.
An electronic device for the acceptance of payment cards; POS refers to the area or location where customers can pay for their purchases.
The time between the recognition of an economic problem, the negotiation and implementation of a solution, and the realization of results in the economy.
Easy to carry.
A list or collection of financial assets that an individual or company holds.
The real output (GDP) an economy can produce when it fully employs its available resources.
The dollar amount the U.S. Census Bureau uses to determine a family's or person's poverty status.
An indication of our likes or dislikes; preferences help us make choices.
The fee paid for insurance protection.
Choosing what makes one happy in the moment.
Present value is the current value of a future sum of money, given a specified rate of return.
PV=FV [1/(1+i)n, where:
PV = Present value is the amount that's not known but will be solved in the calculations. It's the amount needed today to achieve a determined future goal.
FV = Future value is the amount of money wanted in the future. It is the amount that will be reduced at a determined interest rate to calculate the present value.
i = Interest rate, which has a great effect on present value. The interest rate in this formula must be written in decimal form, such as 0.03 instead of 3%.
n = The number of interest payments during a specified time; the number of times interest is applied.
A government-mandated maximum price that can be charged for a good or service.
The practice of selling the same good or service at different prices to different customers.
A government-mandated minimum price that must be paid for a good or service.
A low and stable rate of inflation maintained over an extended period of time.
The market in which new stocks and bonds, in the form of initial public offerings, are issued.
The original amount of money deposited or invested, excluding any interest or dividends. Also refers to the original amount of a loan without any interest.
A college owned and operated by an individual, religious institution, partnership, or a corporation other than the state, a subdivision of the state, or the Federal government and that is supported primarily with nonpublic funds.
A school owned and operated by an individual; religious institution; partnership; or a corporation other than the state, a subdivision of the state, or the federal government; and supported primarily with nonpublic funds.
A good that once used by one person cannot be used by someone else. They are considered rival in consumption and/or excludable. A person can be excluded from using a private good.
A college managed and governed by private organizations or corporations with the goal of earning profit.
A merchant-specific card that can be used only at a particular merchant or chain of merchants (e.g., Sears or JC Penney); a card issued by and used for purchases at a retailer. Private-label cards cannot be used on a general-purpose card network.
People who make goods and services.
The combination of inputs to produce outputs.
A graphic representation of output combinations that can be produced given an economy's available resources and technology.
The maximum output an economy can produce with the current level of available resources.
The natural resources, human resources and capital resources used to make goods and services. Also known as factors of production.
The ratio of output per worker per unit of time.
The amount of revenue that remains after a business pays the costs of producing a good or service.
A tax in which high-income earners pay a larger fraction of their income in taxes than low-income earners do.
A college that receives monetary support from public funds.
A good that is non-rival and non-excludable. Use by one person does not prevent its consumption by others.
A school that receives monetary support from public funds.
The amount of goods and services that a unit of currency can buy.
A reason you may withdraw money from a Roth IRA without the withdrawal being subject to tax.
A monetary policy in which a central bank makes large-scale asset purchases designed to bolster financial market conditions.
The amount of a good or service that consumers are willing and able to buy at a specific price.
The amount of a good or service that businesses are willing and able to sell at a specific price.
A theory that emphasizes the relationship between the money supply and the price level.
One part of a set of data divided into four equal parts.
Monetary values, wages, or prices, adjusted for inflation and measured in constant prices—that is, in prices of a given or base period. Real monetary values are obtained by adjusting nominal wages or prices with a price measure such as the CPI.
A tangible item that has intrinsic value due to its substance and properties.
The total market value of all final goods and services produced in an economy in a given year calculated by using a base year's price for goods and services; nominal gross domestic product (GDP) adjusted for inflation.
The price of borrowed money, adjusted for inflation.
A period of declining real income and rising unemployment; significant decline in general economic activity extending over a period of time.
The cost of a good or service in terms of another good or service.
Demand for a resource, good, or service relative to the available supply of that resource, good, or service.
An item that is scarce in relation to people's desire for it.
A prepaid card that allows the cardholder to add more funds (money) to the card.
The payment for natural resources.
A contract that allows consumers to get immediate delivery on new furniture, appliances or other items. There is no down payment or credit check required. If the consumer keeps the rental item for a minimum amount of time, there is no penalty charged for returning it. If the renter misses a payment, the contract requires that he or she return the item.
To retake possession of something when the buyer fails to make payments.
Funds that a depository institution is required to maintain in the form of vault cash, or—if vault cash is insufficient to meet the requirement—in the form of a balance maintained directly with a Reserve Bank or indirectly with a pass-through correspondent bank.
The percentage of a bank's deposits it is required by law to hold.
The sum of cash that banks hold in their vaults and the deposits they maintain with Federal Reserve banks.
A portion of a company's profit used as savings, to pay off debt, or to reinvest in the company.
Permanently leaving a job, career, occupation, or active working life.
A performance measure of the effectiveness of an investment. ROI is calculated as the net gain (gain from investment minus cost of investment) divided by the cost of investment.
Money received; income.
The income received by government from taxes and other nontax sources.
Positive incentives that make people better off.
The chance of loss.
The idea that there is a direct relationship between risk of the loss of principal and the expected rate of return. The higher the risk of loss of principal for an investment, the greater the potential reward. Conversely, the lower the risk of loss of principal for an investment, the lower the potential reward.
The property of a good or service whereby consumption by one party excludes other parties from obtaining the benefit.
A method to estimate the number of years it will take for a financial investment (or debt) to double its value (or cost). Divide 72 by the interest rate (percentage) to determine the approximate number of years it will take the investment (debt) to double its value (cost).
Concept that holds that government and its officers must exercise their power according to established regulations and legal principles.
Income earned for providing human resources (labor) in the market. Salaries are generally an annual amount paid monthly or bimonthly for a specified number of hours, usually 40 hours per week.
Keeping your money to spend in the future.
Not spending on current consumption or taxes. Saving involves giving up some current consumption for future consumption.
Keeping some income to buy things in the future.
The accumulation of money set aside for future spending.
An account with a bank or credit union in which people can deposit their money for future use and earn interest.
A good or service that you want to buy in the future.
A schedule listing tasks that, when completed, will allow a saver to reach a savings goal.
The condition that exists because there are not enough resources to produce everyone's wants.
The financial opportunity costs consumers pay when searching for a counterparty in a transaction.
Unemployment caused by changes in the weather or seasons.
Data adjusted mathematically to remove the dips and bumps that occur due to seasonal events, such as extra retail workers hired for the holidays. Seasonal adjustment removes the effects of events that follow a more or less regular pattern each year. These adjustments make it easier to observe the cyclical and other nonseasonal movements in a data series.
A loan that is backed with collateral; a loan for which the lender requires and the borrower offers property as a guarantee of repayment.
The SEC is an independent U.S. government agency established by Congress to police and regulate the securities industry.
The pursuit of personal gain.
Actions that can satisfy people's wants.
The figurative costs of replacing shoes more often because of increased trips to the bank. This would occur during times of inflation when there is a real cost associated with holding currency in non-interest-bearing checking accounts.
When the quantity demanded of a good or service exceeds the quantity supplied at a particular price.
A graphical depiction of the relationship between the aggregate price level and the quantity of aggregate output supplied.
Goods or services to be bought within a short time, such as a few weeks or months.
A way to reveal credible information to another party.
A type of protest where people refuse to buy the business's goods and services and block others from making purchases by taking all of the seats in a restaurant or blocking the entrance to a business.
The difference between the average earnings of those with a four-year college degree and those without.
An illegal method of stealing credit card information by using a small electronic device that scans and stores card data. The stolen credit card information can be used to make fraudulent purchases or clone new cards.
The monthly monetary amount received by retired workers who paid into the Social Security system while they worked.
A payroll tax that is part of FICA (Federal Insurance Contributions Act) and is collected from most employees and employers to fund Social Security, which provides old-age, survivors' and disability income.
The quantity of goods produced that takes private and social costs into account.
Any check of a person's credit report that occurs when the person's credit is not being reviewed by a prospective lender. Examples include inquiries as part of a background check, a person checking his or her own score, and checks by a financial institution with which a person already does business.
Limiting production to fewer goods and services than consumed, perhaps those whose production entails the lower opportunity cost.
Using some or all of your income to buy things you want now.
The condition of relatively high inflation and relatively high unemployment occurring simultaneously.
A measure of the goods and services available to each person in a country; a measure of economic well-being. Also known as per capita real GDP (gross domestic product).
A stain on one's reputation; a mark or token of disgrace.
Combinations of tax cuts, subsidies, and increases in government spending.
A share of ownership in a company. Stocks are often traded publicly.
A collection of stocks chosen to represent a particular part of the market.
A mutual fund that buys stocks in order to make profits for the investors.
The ability to retain worth.
Long-term joblessness caused by a mismatch in the skills held by those looking for work and the skills demanded by those seeking workers.
A student loan with no likelihood of being paid in full by the borrowers.
A loan in which the government pays the interest on the loan for a specific time.
A similar good. With substitutes, a change in the price of one and the demand for the other tend to move in the same direction.
Productive inputs that can be used in place of one another.
The quantity of a good or service that producers are willing and able to sell at all possible prices during a certain time period.
When the quantity supplied of a good or service exceeds the quantity demanded at a particular price.
A fixed amount or percentage permitted by taxation authorities that a taxpayer could subtract from his or her gross income to reduce taxable income.
Money owed to taxpayers when their total tax payments are greater than the total tax. Refunds are received from the government.
Fees charged on business and individual income, activities, property or products by governments. People are required to pay taxes.
An advance in overall knowledge in a specific area. Also known as technological advance.
A federal law that requires the disclosure of information about the cost of credit. Both the finance charges and annual percentage rate (APR) must be displayed prominently on forms and statements.
The exchange of goods or services for other goods or services or for money.
The difference that results when the value of a country's imports exceeds the value of its exports.
The difference that results when the value of a country's exports exceeds the value of its imports.
Giving up some of one thing in order to gain some of something else.
The overuse of a resource, such as water, land, or air, due to poorly defined property rights.
The costs associated with buying or selling a good, service, or financial asset.
A one-way payment for which no money, good, or service is given or exchanged.
Payments by governments to people who do not supply goods, services or labor in exchange for the payments.
Money collected from some people and distributed to other people.
Government programs designed to improve economic equity.
Checks issued by a financial institution which function as cash but are protected against loss or theft.
Bonds, notes and other debt instruments sold by the United States Treasury to finance United States government operations.
Consumers or businesses that have limited or poor access to primary financial services provided by banks and rely on alternative financial services.
Wanting a full-time job but having only a part-time job; being overqualified for a job and receiving less pay than would be earned at a job requiring a higher skill level.
A situation that occurs when scarce resources are not put to their highest-valued use in the production of goods and services.
A condition where people at least 16 years old are without jobs and actively seeking work.
A program providing cash benefits for a specified period of time to workers who lose a job through no fault of their own.
The percentage of the labor force that is willing and able to work, does not currently have a job, and is actively looking for employment.
The unexpected and unplanned results of a decision or action.
A common measurement used to compare the value of goods and services.
A loan not backed with collateral.
Likely to change in a sudden or extreme way.
A summary of a person's earnings and tax withholdings for an entire year. Employers must provide a W-2 to employees by the end of January for the previous year's employment to report annual income and withholding on the employees' tax returns.
A form completed by the employee and used by the employer to determine the amount of income tax to withhold.
Income earned for providing human resources (labor) in the market. Wages are usually computed by multiplying an hourly pay rate by the number of hours worked.
Desires that can be satisfied by consuming goods and services.
The effect on consumer spending caused by a change in the aggregate price level on the purchasing power of the consumers' assets.
The maximum amount that a buyer will pay for a good or service.
The amount of money that an employer withholds from an employee's paycheck. This money is deposited for the government on behalf of the individual taxpayer. (It will be credited against the employee's tax liability when he or she files a tax return.) Employers withhold money for federal income taxes, Social Security taxes, and state and local income taxes in some states and localities.


text:
For Teens, Harder Than Ever To Land That Summer Job
07/05/12 12:00PM By Mitch Wertlieb
| Download MP3
A summer job is a hallmark of adolescence - a way to pass the time, get some valuable work experience, and make a little spending money. For some teenagers, it's also a necessity - to help support the family, or save for college. But many teenagers are struggling to find jobs in this economy. Nationwide, more than 44 percent of teens who want summer jobs can't find them, or can't get as many hours as they'd like. In Vermont, the unemployment rate among 16-19 year olds is nearly four times the state average. We talk to Carrie Ballou, a Workforce Investment Act youth case manager for the Department of Labor based in Central Vermont, and Lindsey Lathrop, the Assistant Director of the non-profit organization Linking Learning to Life, about what a summer job - or lack thereof - can mean for a teenager. And we talk to a couple of local teens, Kate Sprout and Linnea Wilhjelm, about their experiences and what they're seeing among their friends.
Also on the program, the Quebec government recently announced that it will provide a $58 million loan to the owner of the asbestos mine in Asbestos, Quebec. Montreal Gazette Environmental Reporter Monique Beaudin provides an update on why the government has pushed for the loan, how the mine's reopening will impact the town and what the reaction has been in the province and in Canada.
And as flowers go, you could call peonies the show-off of the flower world, with their big, full blossoms, layers and layers of petals, and deep, vibrant colors. Their good looks, and their rich, perfume-y scent, have gained them many loyal fans. Including the Countryman family in Northfield. For them, one peony, given as a gift 20 years ago, started a love affair that turned the family farm into a destination for avid gardeners, botanists and peony fans from around the world. VPR's Samantha Fields recently visited the Countryman Peony Farm in Northfield, where the flowers - and the daunting challenge of keeping up with them - were on full display.

subset: commoncrawl


text:
BART Psychogeographical Association
Traffic clogs the Bay Area like fat in an artery; a world built by cars, for cars, stretching from San Jose to Petaluma, from Livermore to Vallejo, from Redwood City to Richmond. Cars with one occupant, alone with the radio advertisements and the gas gauge. Cars stacked up in parking lots like an unwatched DVD collection. Cars that bring you to the store and back.
Commuting time is a surplus labor which correspondingly reduces the amount of free time.
The breaking up of the dialectic of the human milieu in favor of automobiles masks its irrationality under pseudopractical justifications. But it is practically necessary only in terms of a specific social set-up. Those who believe that the particulars of the problem are permanent want in fact to believe in the permanence of the present society.
Revolutionary urbanists will not limit their concern to the circulation of things and of human beings trapped in a world of things. They will try to break these topological chains, paving the way with their experiments for a human journey through authentic life.
- Guy Debord
We give voice to something intuited by many in the Bay Area - that BART represents a certain anachronistic dream about the future in which we'd all be taking part. And that, as such, a ride on BART is a moment of loss experienced as duration of time and as a distance. It's on these trains that we know what it feels like to lose something that we never had. In the tunnel under the San Francisco Bay, immersed in screeching, promises that were made to us are broken - aesthetic promises about a unitary urban dreamland that BART still whispers to us each day. We tell each other about the dreams that BART gives us, and then we ride it and chart the length of our despair and the interval of our hope.
BART is permeated with the sadness of a thousand commuters who never went to the Pittsburg/Bay Point stop and never will.
BART contrasts the joy of being surrounded by other people above the ground with the terror of being surrounded by other people in a dark tunnel underground.
We explore the psychogeographical constitution of BART such that someday soon we can use our findings to promote a utopian travel space - a being-in-the-world transit from A to B (or, more accurately, from A to CBDAXetc, since in our travel system passengers will be free to cross psychological and socio-economic barriers that designate one station as a destination above all others). The first step is to remap BART as we know it, with maps that more accurately reflect BART's layout as experienced by human beings.
DériveAdded February 27th 2006 @ 12:21 am
Among the various situationist methods is the dérive [literally: 'drifting'], a technique of transient passage through varied ambiances. In a dérive one or more persons during a certain period drop their usual motives for movement and action, their relations, their work and leisure activities, and let themselves be drawn by the attractions of the terrain and the encounters they find there.
One can dérive alone, but all indications are that the most fruitful numerical arrangement consists of several small groups of two or three people who have reached the same awakening of consciousness, since the cross-checking of these different groups' impressions makes it possible to arrive at objective conclusions.
The full text...
Undertake a dérive, and report your objective conclusions to your fellow players.
completions by: Henry Gremlin Dela Dejavoo Tac Haberdash Flea
Urbane Exploration 1Added by teucer September 28th 2008 @ 9:03 pm
Find a building which is in active use. Explore it thoroughly and get to know its secrets.
Politely talking your way into the heart of the building is an excellent way to understand its psychogeography, and see how it affects those who occupy it. Your interactions with the building's owners and inhabitants (employees, residents, etc) are to be strictly positive; recruiting the authorities as guides is a far, far better thing than being ejected by them.
Completing this task in proper exploring attire, which may include such accoutrements as a waistcoat or a monocle, will likely result in additional votes.
completions by: Augustus deCorbeau Von Guard Goddess of Doom and Thievery Young Cain Theo Playfoot
Good Luck!Added by done November 14th 2008 @ 4:54 am
Plan a trip to an exotic place (maybe on the other side of the planet) you've always wanted to visit. Then go and buy a lottery ticket.
If you win, do the trip and document.
If you don't win, fake photos, souvenirs and memories.
completions by: rongo rongo insignificant wrangler King Minos Skulduckery Pheasant Skulatery Truant
The Highest PlaceAdded by Amoeba Man August 1st 2008 @ 6:47 pm
Go to the highest point of anything.
completions by: JJason Recognition relet 裁判長 Picø ҉ ØwO misschraddøn Ben Yamiin
Journey To The End Of The Night 2Added by Flea May 3rd 2008 @ 11:22 am
Hold a scaled down version of Journey to the End of the Night with your colleagues at your school or workplace.
Hold a scaled up version of Journey to the End of the Night, involving inter-city / inter-state travel and at least 1000 participants.
completions by: Optical Dave Haberley Mead Charlie Fish KristinawithaK Secret Agent


text:
Regional trends towards the MDG water target.
Four developing regions – Middle East/North Africa, South Asia, East Asia/Pacific and Latin America/Caribbean – are on track to halve the proportion of people without access to safe drinking water by 2015. West/Central Africa, Eastern/Southern Africa and CEE/CIS will need to step up progress to meet the target.
Safe water
Safe water
In assessing progress, four developing regions – East Asia/Pacific, Middle East/North Africa, South Asia and Latin America/Caribbean – are on track to meet their MDG targets for safe water. But the current progress rates in sub-Saharan Africa and in Central and Eastern Europe and the Commonwealth of Independent States (CEE/CIS) will leave those regions short.
The remarkable progress in South Asia and Latin America/Caribbean has placed them on the verge of achieving their drinking-water goals 10 years early. In both regions, the number of people without access shrank between 1990 and 2004 – in South Asia from 326 million to 222 million and in Latin America/Caribbean from 74 million to 50 million.
Although West/Central Africa's drinking-water coverage improved from 49 per cent in 1990 to 55 per cent in 2004, it needs to reach a far target of 75 per cent by 2015. The total number of people in the region without access to improved drinking-water sources actually increased over the 1990–2004 period.
In Eastern/Southern Africa, the situation for access to drinking water is similar, as the region improved coverage from 48 per cent in 1990 to 56 per cent in 2004 but faces a target of 74 per cent. In CEE/CIS, meanwhile, coverage has stagnated at 91 per cent; its 2015 goal is 96 per cent.
Sub-Saharan Africa represents about 11 per cent of the world population, but almost a third of all people without access to safe drinking water live here. High fertility rates in sub-Saharan Africa translate to 54 million children under five without access to an improved drinking-water source, or about 40 per cent of the world's more than 125 million young children without access. The comparable numbers are negligible in the industrialized world and 3 million in CEE/CIS.


text:
September 27, 2003
What the Collingwood players have to say about their second Grand Final in two years.
NATHAN BUCKLEY "Last year was a bit of an unknown and I had a feeling
that things were a lot tenser for the month of the finals series last year.
It's very different this year. There's things in our favour . . . another 12
months' experience and the fact that we've had that experience from the finals
last year definitely stands us in better stead. Hopefully the compelling reason
is the way we perform on the day."
JAMES CLEMENT "We're doing it for a second time around so we know what
to expect and I think there's a little less expectant emotion involved in it
and a little more grounded reality. With that comes an expectation that we can
win the game. The stakes are a bit higher this year because we know how much
it hurts to lose it."
JOSH FRASER "There's match-ups right across the board that will determine
the outcome of the game and it's important from our point of view that we get
on top as many of those match-ups as possible. It's important we get that ascendancy
early and hopefully we can play them to our advantage."
JASON CLOKE "This year I'm actually playing. I'm just looking forward
to playing it. We're a dif-ferent side this year, we've got different players
in it and we're more hungry for it this year."
BEN JOHNSON "Last year we went into the finals with about 15 players
who hadn't even played a final and this year we've got the confidence. This
year we've got more expectation on ourselves to win. We've always been pretty
close, but . . . I don't know how, it's gone up another level."
ALAN DIDAK "We're
probably more experienced. We know what the week leading up to the grand final
is all about, so hopefully we can come away with the win. It's just a matter
of putting it together. We'll play for each other, that's the word."
SCOTT BURNS "I think from last year there's always little instances
or examples, individually, that you're disappointed because you could have
done bet-ter. I think when the siren sounded at the end of the game last year,
you actually realise what it would prob-ably feel like to win a premiership,
and how close you were."
RHYCE SHAW "I haven't experienced it, last year was a blank for me.
This will be the fourth time (Collingwood and Brisbane have played each other
in 2003) and I've played every game. I think we know them backwards and I think
that's going to hold us in good stead, and it will probably hold Brisbane in
good stead as well because they know so much about us, so it's going to be a
fantastic contest."
BRODIE HOLLAND "In the back of my mind, I wasn't real confident that
I was going to be playing as I'd been an emergency for the other two weeks.
One of the main differences is guys knowing how to handle it and guys are more
relaxed but will go 100 miles an hour on the day. Last year it was a sense of
relief to make the grand final . . . now we know we're a really good side and
we know we can win it."
PAUL LICURIA "I remember after the 'prelim' win last year we were really
excited about the win and playing in a grand final. This year was different:
'OK, we won, enjoy it, but if you don't go all the way it means nothing'. That's
the difference now. We know what to expect. We can just suck it all in and just
focus on the most important part."
SHANE O'BREE "There's probably a bit more belief and more versatility
with the players. We've all got another year's experience under the belt. We've
had a number of players who could pop up and play senior footy for us when we
need it, so there's always been pres-sure on to perform each week. All our 22
put in every week which makes us a good team."
SHANE WAKELIN "There's a sense of maturity which comes from an extra
pre-season, a little bit extra mental toughness and a bit more belief . . .
We've managed to bring another six new players into the side this year and
that's given us that extra little bit of enthusiasm. There's a real desire in
those who missed out last year."
RYAN LONIE "It isn't all a new experience for us. I think the guys are
a bit more experi-enced and the younger guys know what to expect. We're playing
well at the right time of the year, which helps. When you've got a strong list
you've got to fight for your spot a lot more, too. What we missed out on last
year is a real motivation."
HEATH SCOTLAND "We've tasted the finals, we tasted the grand final and
we felt how bitter it was to lose it. That's sitting there. I can't even bring
myself to watch the game. The grand final is supposed to be the best thing ever,
but we got so close to taking out the ultimate glory and it was swept away from
us. We're not going in this week blindfolded. This year it's not about just
making it."
MATTHEW LOKAN "We've brought a few new faces in: Richard Cole, myself,
Rhyce Shaw. We've taken a little while to gel but since the break up in Darwin
we've played good footy. There's always been half a dozen guys who could come
straight into our side and that extra pressure's been good. You don't just have
your spot in this team, you've had to earn it, and that makes us stronger."
BEN KINNEAR "I just think we're more experienced. The players who played
last year know what a grand final is. We all know what it takes to get there,
but they know what it's like to be so close to the ultimate goal and not get
it. That was the worse thing I've ever experienced, and that was only second-hand.
It's something I don't ever want to experience myself."
RICHARD COLE "There's a lot more experience in the side. Tristen Walker
and I are prob-ably the youngest blokes in the side now. Also, picking up Shane
Woewodin has helped make us stronger through the midfield."
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text:
Protein Meal Replacement
Posted on 4/08/2011 by BeckyKSmith
I am looking for a protein shake that keeps hunger at bay for at least 3 hours? I saw giant bags at Sam's club for $30 but don't want to waste $30 on something that is aweful........I need suggestions! If it tastes like ground vitamins, I am not interested......I am not a fan of slimfast either.


text:
Decision makers
- Featherstone War Memorial Committee
remove the names of civvies from the main war memorial
The father of a fallen soldier wants shamed former Featherstone Mayor Roy Bickerton's name and others to be removed from the town's new war memorial.
Bill Mulroe, 70, believes the memorial should be reserved solely for the names of those who died serving their country.
There should be no place on war memorials for Mayor's names and advertisements for those who helped build them, especially when the Mayor in question was treasurer of Featherstone War Memorial Garden Group Committee when it was constructed and admitted false accounting in relation to falsifying invoices for the memorial
- Featherstone War Memorial Committee
remove the names of civilians and any businesses from the main war memorial that have not died while serving in the forces, these people are still alive and should not even be on a commemorative memorial as it is not a living memorial, no person should use the Main Memorial to advertise there businesses next to our war dead. Remembrance Day we honor the fallen and pay homage to the lost lives of our brave men and women, not over inflated egos that would not even be here if it were not for these brave that gave their lives so they could appreciate the freedoms of today!
Gillian Mulroe started this petition with a single signature, and now has 338 supporters. Start a petition today to change something you care about.
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The federal government's Wall Street watchdogs will feel the pinch of sequestration if Washington lawmakers cannot strike a deal by March 1 to avoid the across-the-board cuts.
"We can't travel, we can't go to conferences, we can't do the things we're here and supposed to do and committed to do," said Steven Adamske, spokesman for the Commodity Futures Trading Commission (CFTC).
Much of the debate over the sequester has focused on its impact on the defense industry, as half of the $85 billion in automatic cuts this year will impact that sector.
But the other half is spread across a range of domestic programs, and financial regulators would not escape unscathed.
According to the Office of Management and Budget(OMB), several of the nation's top financial regulators would experience cuts of roughly 8 percent.
The Securities and Exchange Commission's (SEC) $1.3 billion budget would fall by $108 million, while the CFTC would take a $17 million haircut to its $205 million budget.
The OMB's report also states that the new Consumer Financial Protection Bureau (CFPB) — despite not having its budget set by Congress like the SEC and CFTC — would also face cuts totaling $34 million from its $448 million budget.
The SEC and CFTC are already operating under budgets the White House claims are insufficient for their expanding workloads, which have grown since the Dodd-Frank financial reform law was enacted.
The White House has requested hefty boosts for both agencies, but Republicans have argued their budgets should be cut rather than increased.
In the face of looming cuts, regulators pressed lawmakers on the need for more resources when they testified before the Senate Banking Committee earlier this month.
"We desperately need more resources," said CFTC Chairman Gary Gensler. "It's a hard ask when Congress is grappling with budget deficits, I know."
However, there are reasons to expect that financial markets will not notice any major changes if regulators have to grapple with trimmed budgets.
For one, the nation's banking regulators, the Federal Deposit Insurance Corporation (FDIC), Federal Reserve, and Office of the Comptroller of the Currency (OCC), are exempted from sequester cuts.
And the regulators facing the cuts say they are doing everything they can to protect their most essential functions, including keeping staff at work.
Adamske said the CFTC is "looking at various cost-cutting measures across the board that includes technology, staff expenses, travel, contractors and contracts, things that won't be renewed … looking at all those things in order to avoid furloughs."
"I imagine there would be less examinations," he added.
The SEC does not expect to suffer furloughs or staff reductions if sequester occurs, according to John Nester, the agency's spokesman.
However, he did not expand on how the SEC plans to address the shortfall.
A CFPB spokesperson declined to comment on how the agency is preparing for the sequester, saying it would be premature to discuss it.
Brian Gardner of Keefe, Bruyette and Woods said he expects the regulators will work to ensure their most vital operations, like examinations and enforcement of wrongdoing, will not be impacted by the cuts.
"You'll never hear a regulator say, 'We'll get through this without a problem,' but my guess is that there are creative ways to manage around it," Gardner said. "I think it will be a bit of a non-event … I just don't see the big impact."
However, Dennis Kelleher, president and CEO of Better Markets, is more skeptical.
"They can barely do the job they're supposed to do now … it would be a travesty if, on top of that, their resources were cut," he said.
"I think it's going to be extremely difficult for the SEC to take the cuts they're talking about and still be an effective regulator."
But even if regulators protect their most vital functions, most expect markets will feel the sequester hit one way or another when it comes to regulators.
For example, the SEC could divert resources it normally spends on registering new companies and use them for enforcement, which in turn could lengthen a company's wait for approval.
Regulators are also still busy writing rules implementing key pieces of Dodd-Frank and have already missed several deadlines. If resources become tight, those rules will not get finished any faster.
"They're already significantly behind schedule passing the rules that are supposed to protect the American people," said Kelleher. "Having less resources is only going to make that worse."


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Dan Grossman
Daniel Grossman has been a print journalist and radio and web producer for 20 years. He holds a Ph.D. in political science and a B.S. in physics, both from MIT. He is a 2008 Alicia Patterson Foundation Fellow. He was awarded a Ted Scripps Fellowship in Environmental Journalism at the University of Colorado in Boulder, where he studied climate science.
He has reported from all seven continents including from within 800 miles of both the south and north poles. He has produced radio stories and documentaries on science and the environment for National Public Radio's show Weekend Edition; Public Radio International's show on the environment Living on Earth and news magazine, The World; the Australian Broadcasting Corporation; Germany's Deutsche Welle radio; the BBC; the Canadian Broadcasting Corporation; the documentary show Soundprint; and Radio Netherlands, among other broadcast outlets. He has written for the New York Times, The Boston Globe, Discover, Audubon and Scientific American, among other national publications.
He has been interviewed on environmental topics more than a dozen times on national radio programs including The World, Here and Now and Living on Earth. He has produced three extensive micro-websites on environmental topics. His awards include a 2002 George Foster Peabody Award (for the DNA Files public radio documentary series, of which he produced one hour-long show), the highest honor in broadcast; the Science Journalism award of the American Association for the Advancement of Science, the leading science journalism award; the Media Award of the American Institute of Biological Sciences; the Society of Environmental Journalist's Annual Award for Reporting on the Environment; and the National Science Writers Association Science-in-Society Award. He is coauthor of A Scientist's Guide to Talking with the Media: Practical Advice from the Union of Concerned Scientists (Rutgers University Press: 2006).
He is available for speaking engagements.
Fantastic Forests: The Balance Between Nature & People of Madagascar
Winner, 2005 American Association for the Advancement of Science (AAAS), Science Journalism Award for Excellence in Online Reporting; winner, 2006 National Science Writers Association Science-in-Society Award in web category; and first prize, Society of Environmental Journalists 2006 Award for Reporting on the Environment
Antarctica Special
Winner, 2003 AAAS Science Journalism Award for Excellence in Online Media
Meltdown Inside Out, WBUR, Boston
Winner, 2008 AAAS Science Journalism Award for Excellence in Radio Reporting; winner, AP Rhode Island/Massachusetts large-market documentary radio award; and third prize, Society of Environmental Journalists 2008 Award for Reporting on the Environment
Noah's Raft: Saving Madagascar's Wildlife Without the Ark, Radio Netherlands and Living on Earth
Winner, 2006 American Institute of Biological Sciences Broadcast Media Award; and honorable mention, 2006 National Science Writers Association Science-in-Society Award for Broadcast


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Register for Winter Walk for AIDS 2010
Date - Sunday, December 5, 2010
War Memorial Stadium, Greensboro, North Carolina
Participant checkin begins at 1 p.m.
Opening ceremony begins at 2 p.m.
Winter Walk begins at 2:30 p.m.
To register your Winter Walk 2009 team, please complete the following information and click submit to confirm your registration.
If you have questions, contact Triad Health Project at 275-1654 or email Shane Burton .
Team materials will be available in late October.
Team Captains will be notified at that sametime.
Registration is free!


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DALLAS -- David Ortiz reluctanctly accepted arbitration and will return to the Boston Red Sox in 2012.
"It was a (hard decision), but sometimes things happen," Ortiz told WEEI Radio in a phone conversation Wednesday night.
Earlier in the day, Ortiz, who had been seeking a multi-year deal, was named winner of MLB's 2011 Edgar Martinez Award as the game's outstanding designated hitter.
Ortiz, who had won the award five consecutive times (2003-07), bounced back in 2010 to bat .309 with 29 homers and was seeking a deal to guarantee him more than one more season in Boston.
Ortiz made $12.5 million in 2011 and might expect to make close to $15 million in arbitration.
"The good thing is that it looks like I'll be playing in front of the Boston fans for another year," Ortiz said
One left-handed slugger who declined arbitration on Wednesday was Carlos Pena of the Chicago Cubs. Pena, who hit .225 with 28 homers last season, will hit the free-agent market along with teammate Aramis Ramirez (.306, 26 homers). If Pena signs elsewhere, the Cubs still receive a compensation pick between the first and second rounds of next year's draft.
As the midnight deadline approached:
Daily Pitch is a baseball fan's destination for breaking news, emerging trends and enlightening banter. With a veteran group of reporters positioned in three time zones, we provide a balanced, comprehensive glimpse at our national pastime, with a nod to both the passion and complexities that make the sport irresistible to many. More about our reporters


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24-position NAS with support for 12Gbps SAS, high performance combined NAS/iSCSI/IP-SAN with integrated 10GbE ports
Link to manufacturer website: https://www.qnap.com/cs-cz/product/model.php?II=230&ref=product_overview
Compatibility list for this model: https://www.qnap.com/cs-cz/compatibility/?model=230
Warranty up to 5 years - including a global warranty
QNAP offers this product warranty up to 5 years, including a three-year global warranty at no additional cost. This premium warranty demonstrates the attention that the company pays QNAP basic needs of enterprises: the need for business continuity and uninterrupted service to customers.
Find out more: https://www.qnap.com/i/cz/support/con_show.php?cid=7
TVS-EC2480U-SAS-RP R2 from QNAP NAS is the first unified world that supports automatic escalation that could serve data through continuous optimization of high-performance solid state disk drive 12 Gbps SAS and high capacity SATA drives. TVS-EC2480U-SAS-RP R2, characterized in readiness for sítě40 GbE is based on Intel® Xeon E3 CPU, gives exceptional performance and supports file sharing across platforms, extensive backup solution, iSCSI and virtualization applications and other practical business functions. With its powerful operating system QTS can TVS-EC2480U-SAS-RP R2 act as a reliable, scalable and unified invincible and escalating storage solution for businesses.
- Integrated 10GbE, highly efficient storage solution with high-speed network for editing and sharing high-definition video
- The data throughput of over 3 800+ MB/267 000+ IOPS
- Technology Qtier control the automatic escalation for optimal data storage efficiency
- Integrated modules for 256 GB mSATA caching useful for applications demanding high speed input and output operations (IOPS)
- The scalable design with a total capacity of 1,216 TB
- Centralized data storage, backup, sharing and disaster recovery, virtualization ready.
- Backward compatible with drives SAS/SATA 6 Gbps
- Ethernet cable x 4
- Power cord x 2
- Flat head screw x 96 (for 3.5 "HDD)
- Flat head screw x 96 (for 2.5 "HDD)
- Quick Installation Guide
- Intel® Xeon® E3-1246 v3 Family 3.5 GHz Quad-core Processor
- Total memory slots: 4
- System memory: 16 GB DDR3 non-ECC RAM
- Memory module pre-installed: 8 GB x2
- Memory expandable up to: 32 GB (8GB x4)
- Note: When upgrading RAM to More than 28 GB, the original 4GB of RAM modules must be removed.
- Note: For the information of RAM module installation and compatible NAS models, please refer to the QNAP RAM Module Installation Guide
Flash Memory
Internal Cache Port
- Two mSATA port on board for read caching. The standard system is shipped with two 128 GB mSATA flash.
- For the optional mSATA flash, please visit http://shop.qnap.com/
Hard Drive
- 24 x 3.5-inch SAS 12Gbps SAS/SATA 6Gbps/3Gbps hard drive or 2.5-inch SAS/SATA SSD hard drive
- NOTE 1: The standard system is shipped without hard drives.
- NOTE 2: For the hard drive compatibility sheet, please visit https://www.qnap.com/compatibility
Hard Drive Tray
- 24 x hot-swappable and lockable tray
LAN Port
- Built-in 2 x 10 GbE (SFP +) and 4 x GbE
- 40GbE is optional
- Note 1: For the optional network card compatibility sheet, please visit Compatibility List
- Note 2: For the information of network card installation, please refer to chapter 6 in the Turbo NAS Hardware Manual.
LED Indicators
- 10 GbE, Status, LAN, Storage expansion port status
- 4x USB 3.0 ports (rear)
- 4x USB 2.0 port (rear)
- Support USB printer, pen drive, USB hub, and USB UPS etc.
- System: Power button and reset button
alarm Buzzer
- System warning
Form Factor
- 4U Rackmount
- 176.15 (H) x 442.5 (W) x 530.5 (D) mm
- Net weight (NAS only): 23.08 kg
- Gross Weight (with packing and accessories) 28.56 kg
Sound Level (dB)
- Sound Level (dB) Sound pressure (LpAm) (bystander position): 48.3 db
- (With 24 x HUS724020ALA640 Hitachi hard drive Installed)
Power Consumption (W)
- Sleep mode: 129.43
- In Operation: W 263.81
- (With 24 x HUS724020ALA640 Hitachi hard drive Installed
Relative Humidity
- 5 ~ 95% non-condensing, wet bulb: 27 ° C.
Power Supply
- Redundant Power: Input 90 ~ 264VAC; 650W x 2
PCIe Slot
- 2 (Right Slot: 1 * PCIe Gen3 x8, slot Left: 1 * PCIe Gen3 x4)
- Note: The PCIe Gen3 x8 slot is occupied by a 10GbE network adapter.
- 4 x 8 cm Smart Cooling fan
- Technical specification: https://www.qnap.com/i/cz/product/model.php?II=230&event=2
Additional Information
|Case Type
|Hard Drive Positions
Logistics Information
|Nr. of pcs in package
|Weight (kg)
|Dimensions (cm)
|Length (cm)
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Zimmer Biomet Holdings, Inc., ZBH is in the exchange NYSE and its industry is Medical Appliances & Equipment in the sector of Healthcare. Based in USA, Zimmer Biomet Holdings, Inc., ZBH has a market cap of 25390.58. Since its IPO date on the 7/25/2001, Zimmer Biomet Holdings, Inc., ZBH performance year to date is 24.72%. Today Zimmer Biomet Holdings, Inc., ZBH has gained 0.19%, with a current price of 127.15.
Ownership of the company is 15.00% for insider ownership while institutional ownership is 90.50%. The management of the company have seen the company have a payout ratio of 82.00%. Return of assets are at 0.90%, with return on investment at 2.10%.
In terms of debt levels and profit levels, Zimmer Biomet Holdings, Inc., ZBH is seeing a long-term debt/equity of 1.1. While Total debt/equity is 1.16. With a profit margin of 3.00%, this is combined with a gross margin of 66.80%, and operating margin of 10.30%. Zimmer Biomet Holdings, Inc. ability to meet debt levels, with a current ratio of 2.4, while the quick ratio is 1.5.
For the last year Zimmer Biomet Holdings, Inc., ZBH has seen a EPS growth of -81.50%. A performance for the year of 30.95%. The 52-week high is -4.55%, and the 52-week low is 44.95%. The average volume for Zimmer Biomet Holdings, Inc., ZBH is 1307028.
With a target price of 140.85, can Zimmer Biomet Holdings, Inc., ZBH reach this target? Looking at the value indicators of Zimmer Biomet Holdings, Inc., ZBH. Zimmer Biomet Holdings, Inc. has a P/E of 114.34 and a forward P/E of 14.4. Perhaps the more useful indicator than P/E, is PEG which has a value of 10.24. Zimmer Biomet Holdings, Inc. also has a P/S and a P/B of 3.37 and 2.66 respectively. For P/cash, Zimmer Biomet Holdings, Inc. has a value of 26.01, while it is 48.86 for P/free cash flow.
At the current price of 127.15, Zimmer Biomet Holdings, Inc. has a dividend yield of 0.76%. We see a return on equity of 2.30%.
Looking more long-term Zimmer Biomet Holdings, Inc., is projected to get an EPS growth for the next five years of 11.17%. In the short-term an EPS growth of 10.77% in the next year is forecasted. This is after a EPS growth of -81.50% for this year and for the last five years a -23.60% growth has been seen.


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Displays, displays, displays: Variety of features meet wide range of needs
Stand-alone 2-in. graphic display module from Ametek Dixson is said to provide the advantages of a graphic display in a rugged, versatile gauge that can be used alone or with existing instrumentation.
Three new display products offer a variety of advanced features to meet such applications as rugged environments, visibility in bright sunlight, and touchscreen options. They include a 2-in. graphic display module for instrumentation from Ametek Dixson , an outdoor LCD from VarTech Systems , and a hardened resistive touchscreen option from Christensen Display Products .
Graphic display module: Stand-alone 2-in. graphic display module is the latest addition to Ametek Dixson's NGI vehicular instrumentation system. Compact module is said to provide the advantages of a graphic display in a rugged, versatile gauge that can be used alone or with existing instrumentation by connecting it to an SAE J1939 (CAN) data bus. Device is sealed to IP 67 specifications front and rear. Backlit LCD is 106 x 56 pixels to provide clear, legible graphics. A dead-fronted warning indicator is positioned above the graphic display window. The user interface consists of three backlit switches with tactile feedback. Module can display data from the vehicle data bus or text and graphics as specified. Text and symbols can be static, dynamic, or a combination. Backlighting can be red, greed, blue, amber, or white.
Family of monitors from Christensen Display Products features a hardened resistive touchscreen option.
Outdoor LCD: Model VT320X outdoor LCD from VarTech is intended to withstand harsh environmental conditions. The 32-in., 24-bit monitor is suited for most outdoor applications and is said to be able to handle freezing temperatures, intense heat, rain, or bright sunlight. Housing is available in custom colors. Sealed display is protected against water, dust, dirt, insects, and other outdoor elements. It is equipped with a state-of-the-art microprocessor controlled thermal management system that keeps the unit operating at an appropriate temperature regardless of outdoor conditions. Screen and housing are vandal resistant. Display is readable in most lighting conditions; 32-in. system features1366 x 768 pixel resolution and operates in temperatures from -40 to 140 °F. It conforms to VESA standards and may be mounted on ceiling or wall or as a standalone display.
Displays with touchscreen technology: Industrial monitors from Christensen Display Products now offer a hardened resistive touchscreen technology option. Touchscreen features a thin glass film bonded to the front user surface to provide protection against surface wear. A layer of hardened backing adds protection from severe frontal impacts. New models are interchangeable with existing resistive touchscreen units with no hardware or software interface changes.
—Edited by Jeanine Katzel , senior editor , Control Engineering
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Now that Charlaine Harris has driven a stake into her Sookie Stackhouse series, she's starting over with a brand new planned trilogy. Midnight Crossroad, coming in May 2014, will kick off the series. Harris gave EW a little tease into the upcoming novel:
The Midnight books are about a group of people, all of them with secrets, drawn to a remote and rural crossroad in Texas. Some of them are people I've wanted to revisit from other, older, series, and some of them are people my readers have never met before. There are supernatural elements in the Midnight books, but they're not as focused on the otherworldly as my Sookie Stackhouse novels. It's refreshing and revitalizing to be doing something so new and different.
Check out the exclusive cover of Midnight Crossroad above.


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Police Seek Attempted Robery Suspect
08/10/12 6:06AM By Amy Kolb Noyes
Police are on the lookout for a man who they say attempted to rob the Jiffy Mart, on Essex Road, in Williston at 9:30 last night.
The incident was captured on the store's surveillance camera. A white male wearing a hoodie and face mask entered the store and demanded money from the clerk.
The clerk opened the cash drawer, but after seeing the amount of money in the drawer the suspect ran away.
Anyone with information regarding this incident is asked to call the Williston Police.