What are Headline Earnings? Headline earnings are a restatement of a company’s profit that removes the effect of one-time charges, write-downs, cost-cutting, and other extraordinary items like tax liabilities. Another way of looking at headline earnings is that it is the part of a company’s earnings that pertains to its core business activities. It is…
What is a Hedge Fund Manager? A hedge fund manager is an individual who makes investment decisions on behalf of their clients, called limited partners (“LPs”), using aggressive and sophisticated investment strategies. Hedge fund managers fall into the buy side within the world of capital markets. This means that hedge funds, like other asset managers,…
What is Heterodox Economics? Heterodox economics refers to economic theories that diverge from mainstream or neoclassical principles. While most economists accept mainstream economic theories, they tend to rely on neoclassical theories of market equilibriums and rationality. In contrast, heterodox economics includes more fringe ideologies that go against fundamental neoclassical beliefs. Due to the diverse nature…
What is the Iraqi Dinar (IQD)? The Iraqi dinar refers to Iraq’s national currency and is represented by ISO code IQD. Iraq’s Central Bank issues the Iraqi dinar, which earlier consisted of 1000 fils. However, fils are no longer used because inflation has rendered them obsolete, and now dinars have become the smallest currency unit…
What is the Mexican Peso (MXN)? The Mexican Peso is the national currency of Mexico and is abbreviated as MXN. It originated from the Spanish dollar between the 15th and 19th centuries. While in the Americas, MXN is the third most exchanged currency after the US dollar and the Canadian dollar, it is the main…
What is the Hersey-Blanchard Model? The Hersey-Blanchard Model is a leadership model that focuses on the ability and willingness of individual employees. Developed by Paul Hersey and Kenneth Blanchard, the model is also referred to as the Situational Leadership Model. Unlike other leadership models, the Hersey-Blanchard model disregards the idea that corporations require a single…
What is the Heritage and Stabilization Fund (HSF)? Heritage and Stabilization Fund (HSF) is a sovereign wealth fund established by the Republic of Trinidad and Tobago. Founded in 2007, HSF was established to reinvest excess capital resulting from exports of natural gas. Like other sovereign wealth funds, Trinidad and Tobago’s HSF is owned by the…
What is the Pound Sterling (GBP)? The Pound Sterling refers to the national currency of the Isle of Man, the United Kingdom, South Sandwich Islands, Gibraltar, South Georgia, and the British Antarctic Territory. It is the oldest currency to be in constant use. It is also known as the sterling or pound and abbreviated as…
What was the Silk Route? The Silk Route (or Silk Road) was a trade route that originated in the second century B.C. and lasted until the 14th century A.D. It extended from Asia to the Mediterranean, going through China, Persia, India, Greece, Italy, and Arabia. The route was called the Silk Route because extensive silk…
