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program trading

(Encyclopedia)program trading, a form of securities trading, also known as index arbitrage. Program traders exploit the price discrepancies between indexes of stocks and futures contracts by using sophisticated com...

Batlle Ibáñez, Jorge Luis

(Encyclopedia)Batlle Ibáñez, Jorge Luis, 1927–2016, Uruguayan political leader, lawyer, and journalist, president of Uruguay (2000–2005). He was a member of the Colorado party, founded by his great uncle, Jos...

inflation

(Encyclopedia)inflation, in economics, persistent and relatively large increase in the general price level of goods and services. Its opposite is deflation, a process of generally declining prices. The U.S. Bureau ...

Cowen, Brian

(Encyclopedia)Cowen, Brian, 1960– Irish political leader, prime minister of the Repubic of Ireland (2008–11). A lawyer from a family long involved in Fianna Fáil politics, he was first elected to the Irish par...

Passos Coelho, Pedro

(Encyclopedia)Passos Coelho, Pedro (Pedro Manuel Mamede Passos Coelho) pĕˈdrō päˈso͞osh kwĕlˈo͞o [key], 1964–, Portuguese political leader, grad. Lusíada Univ., Lisbon, 2001. The son of a doctor, he spe...

Bolsonaro, Jair Messias

(Encyclopedia)Bolsonaro, Jair Messias, 1955–, Brazilian political leader. Bolsonaro served in the army from 1973 to 1988, mostly during a period of military dictatorship; he rose to the rank of captain. Running a...

Dubai

(Encyclopedia)Dubai do͞obīˈ [key], sheikhdom (2021 pop. 2,921,376), c.1,500 sq mi (3,890 sq km), part of...

money-market fund

(Encyclopedia)money-market fund, type of mutual fund that invests in high-yielding, short-term money-market instruments, such as U.S. government securities, commercial paper, and certificates of deposit. Returns of...

Keating, Paul

(Encyclopedia)Keating, Paul, 1944–, Australian politician. A trade-union official and member of the Labor party, he was first elected to parliament in 1969. As federal treasurer (treasury minister) from 1983 to 1...

Paulson, Henry Merritt, Jr.

(Encyclopedia)Paulson, Henry Merritt, Jr., 1946–, U.S. investment banker and government official, b. Palm Beach, Fla., grad. Harvard (M.B.A., 1970). After working as an assistant to the comptroller at the Pentago...