Showing posts with label Commerce. Show all posts
Showing posts with label Commerce. Show all posts

Friday, August 26, 2011

Question 761: Winning's in their blood


Borrowed from the world of gambling, __X__ is a term used to describe stocks of a company with a national reputation for quality, reliability and the ability to operate profitably in good times and bad.
Based on the idea that different tokens dictate different values ranging from lowest to highest, the phrase was coined by Oliver Gingold of Dow Jones sometime in 1923 or 1924. Company folklore recounts that the term apparently got its start when Gingold was standing by the stock ticker at the brokerage firm that later became Merrill Lynch. Noticing several trades at USD$200 or USD$250 a share or more, he said to Lucien Hooper of W.E. Hutton & Co. that he intended to return to the office to "write about these __X__ stocks." Thus the phrase was born. It has been in use ever since, originally in reference to high-priced stocks, more commonly used today to refer to high-quality stocks.

Yenu?
Give original funda behind __X__ with reference to gambling.


Thursday, June 23, 2011

Question 677: Having a sense of adventure

You have two _X_s. You sell three of them to your publicly listed company using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four _X_s back, with a tax exemption for five _X_s. The milk rights of the six _X_s are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven _X_s back to your listed company. The annual report says the company owns eight _X_s, with an option on one more. You sell one _X_ to buy a new president of the United States, leaving you with nine _X_s. No balance sheet provided with the release. The public then buys your bull.

What now? And give me X(which is VERY obvious)


Tuesday, June 14, 2011

Question 665: It's LeGen...wait for it...



Sometime in 1680, this odd looking gentleman:





proposed to aid and assist the merchants of France in developing and promoting their economy and asked __X__ how this could be achieved. __X__ responded by saying __Y__.  __Y__ went on to become a very often used term in economics especially with reference to free trade and doing whatever the hell you want.

Identify X and tell me what Y is.
Don't bother about the gentleman in the picture.


Friday, May 6, 2011

Question 627: Aren't bets just an absolute b*tch?



They really are dreadful things. REALLY.
Anyway, onto the question:



Smug much?



Poor chap didn't realise what he was getting into


Graph. Wheee.

Tell me who these two gentlemen are and put funda.


Tuesday, March 15, 2011

Question 563 c: It's always nice to have funds that you can dip into



This Scottish tycoon made his way up from practically nothing. He started out polishing shoes and then moved to the United States in hope of making it big...
...and he did.
Quite a feather in his cap.
With an astute sense of business, he's always looking to out do himself.


He was 6th on the list in 2005
He moved up to 3rd in 2006
He reached the number one spot in 2007
Was pushed to 2nd in 2008
and remained there in 2010


Who?
What list?.

Friday, October 22, 2010

Question 370: Money, it's a gas Grab that cash with both hands And make a stash



First used by Roosevelt in his 1932 address on the radio, The more current usage refers to the billions people living on less than __ per day, as first defined in 1998 by _______ and _____. It was subsequently expanded upon by both in their books.

Identify the term