The 75th United States Secretary of the Treasury. Geithner was appointed by President Barack Obama and confirmed by a 60-34 Senate vote. He took office on January 26, 2009. The Secretary of the Treasury is the principal economic advisor to the president and is responsible for reccomending direction for domestic and international fiscal policy. A graduate of Johns Hopkins University and Dartmouth College, Geithner is perhaps best known for his efforts in getting a series of government bailouts and stimulus spending programs passed. Even before his role with the federal government, Geithner arranged the rescue and sale of Bear Stearns in 2008 and, later that same year, supported his predecessor, Henry Paulson, in the decision to save American International Group from bankruptcy.
An asset that cannot easily be sold or exchanged for cash without a substantial change in price. Thinly-traded securities in the financial markets are exchanged in low volumes and often have a limited number of interested buyers and sellers, which can often lead to volatile changes in price when a transaction does occur.Also known as illiquid. The stock prices of small unknown publically traded companies are deemed to be thinly traded. The lack of ready buyers and sellers generally leads to large discrepancies between the asking price and the bidding price. Thinly-traded securities are usually more risky than liquid assets because a small number of market participants can have such a large impact on the price.
An acronym that attempts to describe the cost of decision making and consumption. "There ain't no such thing as a free lunch" (TANSTAAFL) expresses the idea that even if something seems like it is free, there is always a cost, no matter how indirect or hidden. In finance, TANSTAAFL refers to the opportunity cost paid to make a decision. The decision to consume one product usually comes with the trade-off of giving up the consumption of something else.Also known as "there is no such thing as a free lunch" (TINSTAAFL). This phrase is thought to have originated because many saloons in the U.S. used to provide free lunches to their patrons, but required them to purchase drinks in order to get them.Although the phrase is a double negative, it is not intended to be interpreted as such. Therefore, the alternate acronym TINSTAAFL is often used.
From the site at Trilateral.org:The Trilateral Commission is a non-governmental policy-oriented discussion group of about 325 distinguished citizens from North America, the European Union, and Japan which seeks to foster mutual issues for which these principal democratic industrialized regions share leadership responsibilities. A group consisting of world leaders, formed for the purpose of creating a wider international community that fosters cooperation. This commission was founded by David Rockefeller in 1973 as a partnership between private citizens in North America, Europe, and Japan. It has now expanded to include many countries outside of the original 3 locations. If you look at a list of past and present Trilateralists, it reads like the who's who of the business world. Some of the notable members include former U.S. Presidents and diplomats before they entered their public positions. This commission has garnered much controversy over its existence.
A business or marketing statement that summarizes why a consumer should buy a product or use a service. This statement should convince a potential consumer that one particular product or service will add more value or better solve a problem than other similar offerings. Companies use this statement to target customers who will benefit most from using the company's products, and this helps maintain an economic moat. The ideal value proposition is concise and appeals to the customer's strongest decision-making drivers. Companies pay a high price when customers lose sight of the company's value proposition.
Operations stages in the oil and gas industry that involve exploration and production. Most oil companies are known as "integrated" because they combine upstream activities with downstream operations, which take place after the production phase through to the point of sale.
When a trade in a listed stock is not executed through the listing exchange. Historically, in an upstairs trade buyers and sellers would negotiate the price and conditions of the trade in the "upstairs" rooms of a brokerage firm. Some exchanges prohibit upstairs trading.
Newly issued securities that have not seen much interest, or subscriptions, from investors ahead of the issue date or have not been offered by brokerages. If you wanted to own the newly issued shares, you'd only be able to purchase them as you would any other stock - through the secondary markets. Essentially, you can view a subscription to a public offering as an order to purchase the shares from your brokerage firm once they are issued. If you are not subscribed to a given public issue, you will not be buying any shares through the public offering.The investment bank handling a public offering tries to determine which offering price will result in an optimal number of subscriptions for the issue. Too high an offering price is likely to result in the shares being unsubscribed.