Karina will be staying at Lourdes’
There are certain random things that I frequently forget.
I decided record them all in one blog. If I re-read this occasionally, I will remember these terms better, but then I will probably start to forget other terms. And so it goes …
It took me ONE HOUR to remember the word “concurrency” used by a medical doctor during a PBS documentary on the spread of HIV in African nations. His point was that in a given town, one might find a group of 20 or 30 people who, during the course of, say, a month, would each have relations will half the groups members. His point was that HIV spreads much more quickly than in situations of serial polygamy where partners pair, go steady, break up, repair.
Earmarks -In United States politics an earmark is a congressional provision that directs approved funds to be spent on specific projects or that directs specific exemptions from taxes or mandated fees. Earmarks do not create new government spending, but allocate existing spending for specific purposes. The term “earmark” is used in this sense only in the United States, and it not recognized as a noun by major dictionaries (either the Oxford or the Merriam Webster).
Earmarks can be found both in legislation (also called “Hard earmarks” or “Hardmarks”) and in the text of Congressional committee reports (also called “Soft earmarks” or “Softmarks”). Hard earmarks are binding and have the effect of law, while soft earmarks do not have the effect of law but by custom are acted on as if they were binding. Typically, a legislator seeks to insert earmarks that direct a specified amount of money to a particular organization or project in his/her home state or district.
Uriah – Husband of beautiful Bathsheba. King David sent him to the front lines so that Uriah would die and David could marry Bathsheba.
Reproach – on pg. 72 of Alfred Adler’s “What Life Could Mean For You” he writes: Every suicide is a reproach.
Derivatives – In 2003 Warren Buffett famously called derivatives “financial weapons of mass destruction.
Derivatives—contracts that gamble on the future prices of assets–are secondary assets, such as options and futures, which derive their value from primary assets, such as currency, commodities, stocks, and bonds. The current price of an asset is determined by the market demand for and supply of the asset; however, the future price of an asset typically remains unknown. A week or a month in the future, the price may increase, decrease, or remain the same. Buyers and sellers often like to hedge their bets against this uncertainty about future price by making a contract for future trading at a specified price. The contract—a financial instrument–is called a derivative.
A future or forward contract is formed when both the buyer and the seller are committed and legally obliged to exchange the underlying asset when the contract matures. An option, on the other hand, is a contract that gives its owner the right, but not the obligation, to buy or sell the underlying asset on or before a given date at the agreed-upon price.
Suppose you expect that six months from now the price of the U.S. dollar with respect to the Canadian dollar will be higher than it is today, and would like to purchase US $1,000 six months from now at today’s rate. Suppose the current price of US $1,000 is CAN $1,200.
Another person expects that the price of the U.S. dollar will decrease over the coming six months, and is willing to sell U.S. dollars at today’s rate. Both of you can make a contract that will be exercised six months from now. Interestingly, neither of you needs to put down any currency today when signing the contract. When the contract matures, transactions must be carried out at the agreed-upon rate. This type of contract is called a forward contract.
Alternatively, suppose the contract is sold for a non-refundable fee of $25. If the price of the U.S. dollar goes up, you are likely to exercise your right. On the other hand, if the price of the U.S. dollar goes down, you will be better off not exercising your right; in this case, you are losing only the fee. This type of contract is known as a ’call option.’ Similarly, a ’put option’ gives the owner the right to sell rather than buy.
Pansey Hickson – sent a resume to Polychem around 1986 which had an amusing error, listing as a hobby “Cabaret SINNING” (I am sure she meant “singing”). I tried for two weeks to remember her name. Suddenly I was listening to an audio mp3 reading of “Portrait of a Lady” and one of the characters mentioned was named “Pansey” and the name popped into my mind as I sat on the subway riding home from work.