Fixated to the extent that I wrote a term paper for my music class on the band.
It makes no more sense to ask why a Lean Startup has not returned its investment in a truly spectacular way than to ask why a student term paper or senior thesis in college is not a Harry Potter level bestseller.
But as long as such high returns are available on short-term government paper, even a tax break may not make longer-term, riskier investments look sufficiently appetising.
Notably, we have introduced facilities to purchase highly rated commercial paper at a term of three months and to provide backup liquidity for money market mutual funds.
The Federal Reserve's facility to buy high-quality (A1-P1) commercial paper at a term of three months was likewise designed to provide a liquidity backstop, in this case for investors and borrowers in the commercial paper market.
But neither party is willing to tell the IRS to cut the nonsense and stop pretending that there is a difference between owning a term loan, a revolving working capital loan, commercial paper or a bond.
FORBES: How Washington Starves Small Business Of Foreign Capital
The technique could be used to prevent fraud as well as provide a new meaning to the term 'paper trail'.
The costs of issuing commercial paper, a form of short-term debt heavily used by companies in America, will fall once a Fed facility for purchasing commercial paper is up and running on October 27th.
ECONOMIST: Meltdown may have been averted. But the crunch is not over
Our research consistently demonstrates that short-term (five year maturity or less) paper has historically a much better risk-return tradeoff than long-term bonds.
Corporations sell commercial paper, a short-term IOU, to fund day-to-day activities like payroll.
The chancellor published a paper arguing for long-term change to create a "sustainable future" for agriculture worldwide - including reform of the EU's Common Agricultural Policy.
"New leaf" refers not to the world of plants, but to the formal, even archaic, term for a two-sided piece of paper.
On Tuesday the U.S. central bank annouced that it would buy U.S. commercial paper through a special funding facility designed to provide liquidity to term-funding markets and backstop U.S. issuers of commercial paper, TradeTheNews.com reported.
This has come as a huge relief to chief financial officers, who barely a year ago were having to make do without a fully functioning market for commercial paper (short-term loans to finance operating expenses).
The credit rating agency referenced the December 3 offer by the Greek government to private investors to participate in a Dutch auction to exchange their sovereign bonds for short-term paper issued by the European Financial Stability Facility (EFSF).
FORBES: Greece In Default Once Again On Troika-Imposed Bond Buyback, S&P Says
Longer term, Mostrous sees the reduction in capacity as a positive for remaining paper players.
The company, which makes screens for Apple's iPad and iPhone, needs to shore up cash to roll over as much as 360bn yen of short-term commercial paper and will need another 200bn yen to cover a maturing convertible bond in September 2013.
You can get the currency exposure either by purchasing short-term paper issued by the flaky government in question or by taking a long position in the futures market for that currency.
Commercial paper, which enabled companies to raise short-term money at a cheaper rate by bypassing banks, proliferated in the 1960s.
The authors of a new paper published by the Brookings Institution estimate that the rise in long-term unemployment alone could cause labour-market recovery to take twice as long as after the 1982 recession.
ECONOMIST: America's labour market: Something's not working | The
Commercial paper became the rage in the 1960s as a means of borrowing short-term money and saving interest costs by bypassing the banks.
In fact, in the short to medium term, there is little in the white paper that is going to have a significant impact on motorists.
Or it could give you a new way to goof off in the dorm when you're supposed to be writing that term paper.
The commercial paper market represents the short-term loans that corporations issue to one another, a market which has now all but dried up as banks and firms fear lending money to a potential defaulter.
Thomas Piketty of the Paris School of Economics, Emmanuel Saez of the University of California, Berkeley, and Stefanie Stantcheva of MIT argue in a new paper that this is why few studies have been able to show any significant long-term effect from raising top tax rates.
ECONOMIST: How to raise the highest rates without doing too much damage
That is, the interest rate on Argentinean short-term paper, or the price of the peso on the forward market, reflects the risk of a surprise devaluation that will cost you a chunk of your capital.
"We have tried to find solutions on paper that would allow us short-term means to achieve an agreement so that there will be a definite cessation of hostilities, " he said.
The Center for Security Policy today released a major paper outlining a comprehensive approach to U.S. space policy and programs designed to assure long-term American access to and exploitation of outer space.
CENTERFORSECURITYPOLICY: Center Issues Major Paper On US Space Policy And Programs
His paper suggests, for instance, that if house prices were to fall by a fifth, short-term interest rates might need to be cut by some 1.75 percentage points over the next year or so.
应用推荐