1.Now, more than three years later, regulators are set to penalize JPMorgan for actions tied to Lehman’s demise, according to people briefed on the matter. 2.Sometimes, as he did with Ward, Jack went on-the-record with his thoughts about Lehmans’ demise and the roles played by Fuld, Gregory and others.
The demise of something or someone is their end or death.
1.The denouement was slightly lacking in necessary TNT. 2.He explained: “One of my ex-clients described it thus: ‘Yours is the finest denouement I have witnessed in 30 years of being in the City.’"
a message whose content is at variance with reason
1.Then the writing changes, and sometimes sensible things end in absurdities, etc. 2.I very much miss many of the people that I worked with and, of course, besides the intellectual satisfaction, the ego gratification was to the point of absurdity.
1.But Apple shareholders have gotten used to fast gratification: The share price has doubled five times in the past decade. 2.I very much miss many of the people that I worked with and, of course, besides the intellectual satisfaction, the ego gratification was to the point of absurdity.
1.This is another reason why I’m pretty sanguine about Citizens United. 2.He was of course “a little bit sad” to live through “one of the worst financial crises ever” when he was in the process of building his career. Still, he was sanguine about the future.
a high standing achieved through success or influence
1.If a person, a country, or an organization has prestige, they are admired and respected because of the position they hold or the things they have achieved.
2.Prestige is used to describe products, places, or activities that people admire because they are associated with being rich or having a high social position.
1.The report further affirms Apple’s lead in the booming tablet business as competitors strive to catch up. 2.The school affirmed its commitment to its students.
1.to support something or make it stronger
2.to show respect for and approval of someone, especially in public
1.And that number hasn’t dipped over the past few years while Research in Motion, BlackBerry’s maker, has recorded plummeting sales everywhere else. 2.Panic spread when the Dow Jones plummeted in 2008
1.to fall straight down very quickly from a high position
2.if something such as an amount, rate, or value plummets, it suddenly becomes much lower
cause prices to rise by increasing the available currency
1.Don't inflate the life vest in the cabin and as soon as you leave the aircraft, inflate it by pulling down the red tab. 2.The inflationary spiral, ie economic situation in which prices and wages rise in turn as the supply of money is increased.
1.To cause (a currency or an economy) to undergo inflation
2.To raise or expand abnormally or improperly.
3.To enlarge or amplify unduly or improperly
4.To fill (something) with air or gas so as to make it swell.
a conveyance of property as security for repaying a loan
1.For Mortgage Lenders, Mortgage Bankers& Homebuilders the National Mortgage Complaint Center Suggests: Clean Up Your Act. 2.Indeed, only in recent weeks have prosecutors won the first fraud conviction against Wall Street traders for their role in fomenting the financial crisis when two traders at Credit Suisse pleaded guilty to conspiracy and wire fraud for intentionally inflating the value of mortgage securities in order to get higher bonuses.
1.to give a bank the right to own a valuable possession, especially your house, if you do not pay back money that you have borrowed from them
1.The sleeve revolution has been fomenting for a few years now. 2.Indeed, only in recent weeks have prosecutors won the first fraud conviction against Wall Street traders for their role in fomenting the financial crisis.
1.arouse or increase (trouble or discontent)
2.apply warmth and moisture to (a part of the body) to lessen pain or discomfort
descended from a common ancestor but through different lines
1.“There would be some severe collateral damage going after those areas,” Mr. Panetta said last week. 2.Collateralised-debt-obligations
1.property or other goods that you promise to give someone if you cannot pay back the money they lend you
2.Situated or running side by side
3.Coinciding in tendency or effect
4.Serving to support or corroborate
5.Having an ancestor in common but descended from a different line
the state of being legally obliged and responsible
1. The court ruled there was no liability to pay any refund. 2. The outspoken minister has become a liability to the government. 3. A company or organization's liabilities are the sums of money which it owes.
1. legal responsibility for something, especially for paying money that is owed, or for damage or injury
2. (pl.)the amount of debt that must be paid
3. someone or something that is likely to cause problems for someone
1. The government has largely abdicated its responsibility in dealing with housing needs. 2. They may not have even realised it, but as a condition of their initial employment, they relinquished the right to pursue a monetary claim against their firm through the court system (collectively one of the largest abdications of legal rights ever).
1. to refuse to be responsible for something, when you should be or were before
enter a group or organization in order to spy on the members
1. Sunlight barely penetrated the dirty windows. 2. Few U.S. companies have successfully penetrated the Japanese electronics market.
1. to enter something and pass or spread through it, especially when this is difficult
2. to start to sell things to an area or country, or to have an influence there
3. to succeed in becoming accepted into a group or an organization, sometimes in order to find out their secrets
4. to succeed in understanding something
strong enough to withstand intellectual challenges
1. He is a robust man of six feet four. 2. The formerly robust economy has begun to weaken. 3. This is a typically robust performance by the Prime Minister.
1. a robust person is strong and healthy
2. a robust system, organization etc is strong and not likely to have problems
3. a robust object is strong and not likely to break
4. showing determination or strong opinions
5. robust food or flavours have a good strong taste
1. wholesale prices 2. This company will not be successful until there are wholesale changes.
1. the business of selling goods in large quantities at low prices to other businesses, rather than to the general public
2. affecting almost everything or everyone, and often done without any concern for the results
investing with borrowed money to amplify potential gains
1. the use of public funds to leverage private investment 2. Reusable software is leveraged across many applications.
1. to make money available to someone in order to invest or to buy something such as a company
2. to spread or use resources (=money, skills, buildings etc that an organization has available) , ideas etc again in several different ways or in different parts of a company, system etc
3. the use of lever
1. Church leaders have aligned themselves with the opposition. 2. This policy is closely aligned with the goals of the organization.
1. to publicly support a political group, country, or person that you agree with
2. to arrange things so that they form a line or are parallel to each other, or to be in a position that forms a line etc
3. to organize or change something so that it has the right relationship to something else
a message expressing an opinion based on incomplete evidence
1. There is speculation that the president is ill. 2. It is in the nature of markets that there are some things which are indirectly socially useful but which in the short term will look to the external world like pure speculation.
1. when you guess about the possible causes or effects of something without knowing all the facts, or the guesses that you make
2. when you try to make a large profit by buying goods, property, shares etc and then selling them
any technique designed to reduce or eliminate financial risk
1. Buying a house will be a hedge against inflation. 2. Smart managers will hedge against price increases.
1. a row of small bushes or trees growing close together, usually dividing one field or garden from another
2. something that protects you against possible problems, especially financial loss
3. to reduce your chances of failure or loss by trying several different possibilities instead of one
1. On February 12th, he put up for sale a second tranche of 32 state-owned companies.
1. In economics, a tranche of shares in a company, or a tranche of a company, is a number of shares in that company.
2. A tranche of something is a piece, section, or part of it. A tranche of things is a group of them.
difference between value of a property and claims against it
1. a society run on the principles of equity and justice 2. The common stockholders' equity is the total stockholders' equity less preferred stockholders' equity.
1. a situation in which all people are treated equally and no one has an unfair advantage
2. the amount of money that you would have left if you sold your house and paid off the money you borrowed to buy the house
3. shares in a company from which the owner of the shares receives some of the company's profits rather than a fixed regular payment
the ability to present something in an attractive manner
1. Like Apple’s visionary leader, Jeff has a strong sense of showmanship, which was on display at the carefully choreographed launch of the Kindle Fire last year.
1. skill at entertaining people and getting public attention
1. But Amazon, like Apple, has assembled an ecosystem of books, apps, video and music to accompany its device.
1. if you assemble a large number of people or things, or if they assemble, they are gathered together in one place, often for a particular purpose
2. to put all the parts of something together
1. By being unusually patient, Jeff hopes to create businesses that rivals will find harder to assail.
1. if you are assailed by unpleasant thoughts or feelings, they worry or upset you
2. if a strong smell or loud sound assails you, you suddenly experience it
3. to attack someone or something violently
4. to criticize someone or something severely
1. The crowd surged through the gates 2. A huge wave surged up towards them. 3. Labour costs have surged by 20% a year for the past four years, he grumbles.
1. to suddenly move very quickly in a particular direction
2. if a feeling surges or surges up, you begin to feel it very strongly
3. if a large amount of a liquid, electricity, chemical etc surges, it moves very quickly and suddenly
4. sudden increase
1. Labour costs are often 30% lower in countries other than China, says John Rice, GE’s vice chairman, but this is typically more than offset by other problems.
1. to make something look better by being close to it and different
2. the cost or amount of something offsets another cost or amount, the two things have an opposite effect so that the situation remains the same
1. Fourth, China’s supply chain is sophisticated and supple. 2. British voters have become much more sophisticated.
1. having a lot of experience of life, and good judgment about socially important things such as art, fashion etc
2. a sophisticated machine, system, method etc is very well designed and very advanced, and often works in a complicated way
3. having a lot of knowledge and experience of difficult or complicated subjects and therefore able to understand them well
1. Dwight Nordstrom of Pacific Resources International, a manufacturing consultancy, reckons China’s supply chain for electronics manufacturers is so good that “there is no stopping the juggernaut” for at least ten to 20 years. 2. The juggernaut of industrialization
1. a very powerful force, organization etc whose effect or influence cannot be stopped
1. The economy is booming and small businesses are flourishing. 2. Most plants will flourish in the rich deep soils here. 3. She walked quickly to the desk, flourishing her cheque book.
1. to develop well and be successful
2. to grow well and be very hea
3. to wave something in your hand in order to make people notice it
self-denial, especially refraining from worldly pleasures
1. a time of great austerity after the war 2. IMF-backed austerity measures 3. a life of austerity
1. bad economic conditions in which people do not have much money to spend
2. when a government has a deliberate policy of trying to reduce the amount of money it spends
3. the quality of being austere
1. To get ready for the 2000 census, the Census Bureau has conducted dress rehearsals in three sites around the United States.
1. an official process of counting a country's population and finding out about the people
2. an official process of counting something for government planning
1. Consumer credit is growing and the fiscal squeeze has loosened, thanks to an easing of state-level budgets and Congress’s extension of temporary tax cuts until the end of the year.
1. relating to money, taxes, debts etc that are owned and managed by the government
1. He squeezed the trigger, but nothing happened. 2. Squeeze the oranges. 3. Five of us squeezed into the back seat. 4. Greece just squeezed through into the next round. 5. The government is squeezing the railways' investment budget.
1. to press something firmly together with your fingers or hand
2. to get liquid from something by pressing it
3. to try to make something fit into a space that is too small, or to try to get into such a space
4. to strictly limit the amount of money that is available to a company or organization
a critical situation that arises because of a shortage
1. The only sound was the crunch of tyres on gravel. 2. Cost cutting had enabled the organization to survive a previous cash crunch. 3. The crunch came when my bank asked for my credit card back.
1. a noise like the sound of something being crushed
2. a difficult situation caused by a lack of something, especially money or time
3. an important time, especially one when a difficult decision has to be made
1. Both the climbers had plunged to their deaths. 2. The unemployment rate plunged sharply.
1. to move, fall, or be thrown suddenly forwards or downwards
2. if a price, rate etc plunges, it suddenly decreases by a large amount
3. if a ship plunges, it moves violently up and down because of big waves
the act of restraining power or action or limiting excess
1. We are trying to keep a curb on their activities. 2. Inflation needs to be curbed in Russia.
1. to control or limit something in order to prevent it from having a harmful effect
2. an influence which helps to control or limit something
3. control (a horse) by means of a curb
an investor who deliberately decides to go against the prevailing wisdom of other investors
1. Apple’s p/e is much lower than that of stocks in the dot-com bubble; America Online’s was a ridiculous 154 in 1999. But contrarian thinking is thin on the ground.
1. An investor who makes decisions that contradict prevailing wisdom, as in buying securities that are unpopular at the time
a document giving an official instruction or command
1. More unsettling are funds that have strayed into buying Apple against their mandate.
1. the authority given to an elected group of people, such as a government, to perform an action or govern a country
2. to give official permission for something to happen
3. to order someone to do something
1. The so-called longer-term refinancing operation, or LTRO, has been widely hailed as the defining policy measure by Mario Draghi, the ECB president, which stabilised jittery eurozone markets.
1. feeling nervous, and sometimes being unable to keep still because of this
1. The unprecedented scheme, launched last December and repeated in February, gave hundreds of banks an aggregate €1tn of ECB money at an interest rate of just 1 per cent.
1. never having happened before, or never having happened so much
the act of providing an item for general use or for official purposes (usually in quantity)
1. Europe’s biggest banks have sold a combination of unsecured and covered bonds in the first quarter of 2012, though issuance remains lower than normal volumes.
1. the act of providing an item for general use or for official purposes
the union of diverse things into one body or form or group
1. Apple was the only one of 29 companies that failed to respond to a 2010 report by an IPE-led environmental coalition on hazardous wastes from suppliers causing pollution and health problems in China.
1. a union of two or more political parties that allows them to form a government or fight an election together
2. a group of people who join together to achieve a particular purpose, usually a political one
a substance that changes readily from solid or liquid to vapor
1. The crisis has entered what may be a less volatile but more lethal phase.
1. a volatile situation is likely to change suddenly and without warning
2. someone who is volatile can suddenly become angry or violent
3. a volatile liquid or substance changes easily into a gas
1. At the onset of the crisis, the eurozone’s break-up was inconceivable: assets and liabilities denominated in the common currency were so intermingled that it would have caused an uncontrollable meltdown.
1. too strange or unusual to be thought real or possible
a hedged investment capturing slight differences in price
1. The LTRO enabled Spanish and Italian banks to engage in very profitable and low-risk arbitrage in their own countries’ bonds.
1. the process of buying something such as raw materials or currency in one place and selling them immediately in another place in order to make a profit from the difference in prices
1. Omnipresent but obscure, family owned but by no means puny, Beckhoff is among thousands of “hidden champions” that account for much of Germany’s prowess as a manufacturer and exporter.
1. Something that is omnipresent is present everywhere or seems to be always present. (FORMAL)
the property possessed by a slope or surface that descends
1. And nobody talks about downgrading Germany’s AAA credit rating; it can borrow money for practically nothing.
1. to make a job less important, or to move someone to a less important job
2. to make something seem less important or valuable than it is
3. to state that something is not as serious as it was
1. Such success does not bring universal admiration. Germany is hated in parts of Europe for demanding growth-crushing austerity as the price for supporting the euro.
1. bad economic conditions in which people do not have much money to spend
2. If you refer to something as showing austerity, you like its plain and simple appearance.
1. Instead it was made more limber. Business outsourced some production to eastern Europe; fear of that process extracted concessions from German workers, who offered flexibility on wages and work hours in exchange for greater job security.
1. something that you allow someone to have in order to end an argument or a disagreement
2. a special right that a particular person or group of people is allowed to have, for example by the government or an employer, or the act of giving or allowing something as a right
3. a reduction in the price of tickets, fees etc for certain groups of people, for example old people or children
5. the right to have a business in a particular place, especially in a place owned by someone else
Russia, in the global spotlight as Syria’s patron, faces pressure over its demand that peace should come on Syrian terms.
1. someone who supports the activities of an organization, for example by giving money
2. a famous person who is officially involved with an organization, such as a charity, and whose name is used to help advertise it
3. formal someone who uses a particular shop, restaurant, or hotel
Italy agreed to pay $5bn in reparations in return for greater Libyan co-operation on stopping illegal migration.
1. money paid by a defeated country after a war, for all the deaths, damage etc it has caused
2. when you give something to someone or do something for them because you have done something wrong to them in the past
Nuclear experts note that Japan’s publishing industry had long followed a policy every bit as entrenched as the pro-nuclear message promulgated by Tokyo bureaucrats.
1. to spread an idea or belief to as many people as possible
2. to make a new law come into effect by announcing it officially
Those vouchers would grow at a slower rate than medical costs, slowly shifting some of the burden off federal balance sheets.
1. a ticket that can be used instead of money for a particular purpose
2. an official statement or receipt that is given to someone to prove that their accounts are correct or that money has been paid
1. Economies of network in Groupon’s model arise, as soon as threshold is reached, in the form of discounts to consumers who participate in the network.
1. the entrance to a room or building, or the area of floor or ground at the entrance
2. the level at which something starts to happen or have an effect
having the ability to act according to your own judgment
1. Most offers are in the discretionary category and services that are at the low end of the consumer list—like club memberships and cruises rather than dental paste and laundry detergents.
1. not controlled by strict rules, but decided on by someone in a position of authority
1. Money is then paid out to the service provider on an agreed-upon timetable, and at some later point a customer actually redeems his coupon.
1. to make something less bad
2. to do something that will improve what other people think of you, after you have behaved badly or failed
3. to exchange a piece of paper representing an amount of money for that amount of money or for goods equal in cost to that amount of money
4. to buy back something which you left with someone you borrowed money from
5. to do what you promised to do
1. Why did Groupon use a different metric? Because it wanted to show that the company has a very healthy operating margin if you exclude the marketing costs incurred in its effort to obtain new customers.
1. using or connected with the metric system of weights and measures
2. metrical
Created on Fri May 04 10:21:05 EDT 2012
(updated Fri May 04 10:22:54 EDT 2012)
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