physorg
Designing a dye you can count on
Natural substances such as chlorophyll and the heme pigment of red blood cells contain colorful molecules known as porphyrins. They owe their exceptional visual characteristics to a macrocyclic chemical structure that links several small rings together into a highly conjugated, aromatic framework. However, chemists who have synthesized porphyrin derivatives have sometimes found that this arom...
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THE GLOBE AND MAIL
Video: Regulators digging into JPMorgan loss
JPMorgan Chase's stock has sunk more than 16 percent since it disclosed a more than $2 billion derivatives trading loss earlier this month, and regulators continue to look for answers as to what happened and when.
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Reuters
China plans brokerage reforms to create its own Goldman Sachs
* Reforms to spur moves into derivatives, wealth management
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Washington Post
CFTC investigates JPMorgan loss, argues against derivatives loophole abroad
The Commodity Futures Trading Commission is investigating the recent multibillion-dollar trading loss at JPMorgan Chase, the agency’s head told lawmakers Tuesday.
Gary Gensler, chairman of the CFTC, cited the losses incurred at a JPMorgan office in London to argue for tighter regulation of trading in derivatives — and against carving out a loophole for foreign affiliates of U.S. firms.
Read fu...
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New York Times
Editorial: A First Test on the Resolve for Banking Reform
A hearing in the Senate Banking Committee on reforming derivatives is the first test of a new resolve for reform.
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THE GLOBE AND MAIL
JPMorgan stops buybacks, maintains dividend
Move follows banks recently reported loss of $2-billion on derivatives trading
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Huffington Post
Raymond J. Learsy: Does JPMorgan's Derivatives Fiasco Portend The Collapse Of Crude Oil and Gasoline Prices?
According to the Wall Street Journal ("Inside JP Morgan's Blunder" 05.18.12) JP Morgan's losses on what has been reported as big directional bets on credit...
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Huffington Post
Phil Angelides: Pay No Attention to That Man Behind the Curtain
Jamie Dimon was hailed as the wizard of Wall Street. Until the revelation of JPMorgan Chase's disastrous derivatives bet, he was the man who supposedly could do no wrong. But, alas, even wizards are not all powerful, not in Oz and not when trading in financial derivatives.
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Daily Telegraph
JP Morgan hit with lawsuit over loss
A CLASS-ACTION lawsuit has been filed against JP Morgan Chase after the bank lost more than $2 billion in derivatives trading.
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Telegraph
SSE cuts bonuses over mis-selling, as derivatives hit profits
Energy supplier SSE saw annual pre-tax profits dive 87pc, from £2.1bn to £268.5m, after being hit by derivative losses and costs relating to halting doorstep sales after its conviction for mis-selling.
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Barrons
JPM: Busy Day as Investors Sue, FBI to Examine; ‘Whale’ to Leave, Says Times
Shares of JP Morgan (JPM) are down 22 cents, or 0.6%, at $36.03 amidst a busy day for the firm. This morning kicked off with word that two funds, Saratoga Advantage Trust, and individual investor James Baker, late yesterday filed suit against the bank over its $2 billion projected loss on derivatives trading, disclosed by [...]
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New York Times
DealBook: JPMorgan's Loss: Illegal, or Just Bad Judgment?
Any S.E.C. investigation would focus less on the decision to use complex derivatives and more on when Jamie Dimon and the bank’s management knew about the losses, and what they said to investors about the problem.
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politico
Casualties at JP Morgan
Maggie noted last night that the furor over JP Morgan's multibillion-dollar trading loss has direct political implications, and now word comes from the Wall Street Journal that several executives will exit the firm due to their involvement in the blunder:
Three high-ranking officers at the center of J.P. Morgan Chase & Co.'s giant trading blunder are expected to leave the firm this week, ...
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Al Jazhera
JPMorgan executives 'to resign' over losses
Media reports say three senior executives to stand down this week over the firm's $2 billion loss on derivatives trades.
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amNY
Three Chase execs booted after bank loses $2 billion
JPMorgan Chase & Co is expected this week to accept the resignation of Chief Investment Officer Ina Drew after the bank lost $2 billion or more with a failed hedging strategy using derivatives, sources close to the matter said Sunday.
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Reuters
JPMorgan executives expected to leave over loss
(Reuters) - JPMorgan Chase & Co is expected this week to accept the resignation of Chief Investment Officer Ina Drew after the bank lost $2 billion or more with a failed hedging strategy using derivatives, sources close to the matter said on Sunday.
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Slashdot
Google Talks About Its Ubuntu Experience
dartttt writes "There was a very interesting session at the Ubuntu Developer Summit by Google developer Thomas Bushnell. He talked about how Ubuntu, its derivatives and Goobuntu (Google's customized Ubuntu based distro) are used by Google developers. He starts by saying 'Precise Rocks,' and that many Google employees use Ubuntu — including managers, software engineers, translators, people who w...
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Daily Mail
Reforms would not have stopped £1.2bn JP Morgan loss, bank sources say
The US banking group said Thursday that it had lost the money on trades in complex credit derivatives, mostly carried out by London trader Bruno Iksil.
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AP
Bank stocks tumble on JPMorgan's trading loss
NEW YORK (AP) -- Shares of banks are tumbling on news that JPMorgan Chase lost $2 billion in the past six weeks in trading on derivatives....
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FT
JPMorgan loses $2bn in ‘egregious’ error
JPMorgan Chase announced surprise ‘significant mark-to-market losses’ on credit derivatives in its chief investment office
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Reuters
Morgan Stanley outlines downgrade costs
(Reuters) - Morgan Stanley said on Monday that credit rating agency downgrades of its long-term debt would have required the company to provide additional collateral and make termination payments under derivatives contracts ranging from $868 million to $7.2 billion as of March 31.
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Fortune
Buffett's Berkshire doubles earnings
Warren Buffett's Berkshire Hathaway posted first-quarter earnings Friday that doubled versus last year, buoyed by gains in its insurance businesses and derivatives holdings.
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WSJ
Banks, Fed to Meet on Derivatives Rule
Giant banks are making a major push to blunt the impact of a proposed rule that could further constrain their trading profits.
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Hindustan Times
Sensex up 42 points in early trade
Paring all earlier losses, the BSE benchmark index Sensex today recovered by nearly 42 points in early trade on covering-up of short positions by speculators for end of monthly expiry in the derivatives segment.
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The Nation
SECP okays regulations
ISLAMABAD - In line with its efforts to strengthen the capital market in Pakistan by further developing the derivatives market segment and providing investors with more diversified range of investment/hedging alternatives, the Securities and Exchange Commission of Pakistan (SECP) has approved the Regulations Governing Index Option Contracts of the Karachi Stock Exchange.
These regulations ha...
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Barrons
The Man Behind the Big Board
NYSE Euronext CEO Duncan Niederauer has diversified the company into derivatives trading and leveraged its technological underpinnings into a rapidly growing new business. But its shares get no respect from the Street.
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Times of India
Nifty futures dives 7% in seconds on freak trades
Two trades on NSE’s derivatives segment on Friday — done at prices way off the prevailing market levels at the time — rattled market players and pulled down the benchmark indices nifty and the sensex by about 1.5% each in intra-day trades.
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Reuters
Deutsche Boerse sees volatility boosting sales-paper
FRANKFURT, April 14 (Reuters) - Deutsche Boerse
expects derivatives market volatility to resume in the coming
months, providing a fillip to the Frankfurt stock exchange
operator's revenue, its chief...
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Nikkei
FSA Weighs Extending Lending Regulations To Derivatives |
Mail & Guardian
Row over new securities tax
Analysts have claimed that billions are at stake and the derivatives market could be destroyed because of the new securities tax touted by government.
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BBC
Canada bank in 'wash sales fraud'
Royal Bank of Canada, one of the country's largest banks, is accused of "multi-hundred million dollar" fraud over derivatives trading by a US regulator.
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FT
OTC derivatives: if the CCP fits
European lawmakers signed off on new rules for the huge over-the-counter derivatives market and for investors the main issue will be how trading adjusts
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China Daily
Regulator: More futures, derivatives planned
The chairman of the China Securities Regulatory Commission (CSRC) vowed on Thursday to develop the crude oil futures market and speed up creation of new financial derivatives.
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Times LIVE
Wall Street's irresistible lure
South African-born and educated, Greg Smith, 33, has attained his 15 minutes of fame. After 12 years as a derivatives specialist at one of the world's most prominent investment houses, Goldman Sachs, Smith quit as head of the firm's US equity derivatives business in Europe, the Middle East and Africa and, instead of a long-practis ed custom of keeping "shtum", he published his resignation lette...
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Pravda
Wall Street confidence trick
Interest rate swaps are less often in the news than credit default swaps, but they are far more important in terms of revenue, composing fully 82% of the derivatives trade. In February, JP Morgan Chase revealed that it had cleared $1.4 billion in revenue on trading interest rate swaps in 2011, making them one of the bank's biggest sources of profit
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NEWS.au.com
Sale expensive for NAB investors
NATIONAL Australia Bank (NAB) has sold derivatives that had been a drag on earnings.
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Irish Times
Eircom in default over debt, says derivatives association
THE INTERNATIONAL Swaps and Derivatives Association ruled that Eircom is technically in default over its debts after the association said there had been a failure-to-pay credit event.
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Nature
Crystal structure of the µ-opioid receptor bound to a morphinan antagonist
Opium is one of the world’s oldest drugs, and its derivatives morphine and codeine are among the most used clinical drugs to relieve severe pain. These prototypical opioids produce analgesia as well as many undesirable side effects (sedation, apnoea and dependence) by binding to and
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Irish Times
Eircom 'technically in default'
The International Swaps and Derivatives Association ruled that Eircom is technically in default over its debts, after the association said there had been a failure-to-pay credit event.
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USA Today
Deutsche Boerse will sue over ruling blocking NYSE merger
Commission said merged company would be too dominant in exchange-traded derivatives. DB takes its complaint to court in Luxembourg.
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TechCrunch
The “Twitter Mafia” Poised to be Silicon Valley’s Next Great Network
In middle school, my teacher assigned a book by Mario Puzo called "The Godfather." Yes, it was pretty epic. From that work of art, mass audiences were introduced to Don Corleone and eventually its derivatives Goodfellas, Bugsy, Capone, Casino, Heat, The Departed, and scores of other pieces that romanticized the notion of organized crime across the globe, a world of big bosses, willing soldiers,...
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BoingBoing
Average Congresscritter gets 1,452% raises when they turn corporate lobbyist
Republic Report has released figures documenting the fact that the average member of Congress gets a 1,452% salary hike when she or he leaves office and becomes a corporate lobbyist. They point out that politicians are allowed to negotiate these raises while they are in office, and don't have to disclose this fact when they're [...]
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CNN
Attack on Goldman Sachs misfires
The financial world is in an uproar about the New York Times opinion piece by Greg Smith, a former vice president in Goldman Sachs' equity derivatives business.
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Foreign Policy
The things that narcissists think but do not say....
I think it's safe to say that the vampire squid Goldman Sachs brand has taken a few hits in recent years. To add to the calumny, Greg Smith, an executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa
, is leaving Goldman today after publishing an op-ed in the New York Times explaining why he's leaving. It's n...
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The Guardian
Goldman Sachs director quits 'morally bankrupt' Wall Street bank
Greg Smith resigns as executive director of Goldman's European equity derivatives business after devastating attackA Goldman Sachs director in London has resigned after publishing a devastating open letter accusing senior staff of being "morally bankrupt" and bent on extracting maximum fees from clients by offloading unsuitable investment products.Greg Smith, who has left his post as executive ...
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siliconindia
Black money can improve Rupee
by ashok kothare Our economists are worried for the continuous fall in the exchange value of Rupee. This fall is due to lack of demand for it in the Forex Market. To understand what I am going to write here I suggest to my dear readers that they go through two sites on the web. Because of certain advantages, this Forex Market is going to ride over the stock and derivatives market in the nea...
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AP
Greek debt relief to trigger bond insurance payout
BRUSSELS (AP) -- The agency that oversees financial derivatives says a massive debt relief deal for Greece constitutes a so-called credit event, meaning it will trigger payouts on bond insurance....
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Les Echos
L'Isda estime qu'il y a eu "évènement de crédit" en Grèce
[[373556]] La Grèce a déclenché le versement des CDS (credit default swaps), ces contrats d'assurance contre le défaut de paiement d'une valeur, en activant une mesure législative obligeant tous les créanciers privés à passer des pertes, a déclaré vendredi l'International Swaps and Derivatives...
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WSJ
Focus Turns to Greek Default Swaps
The body that governs derivatives markets has been asked to rule on whether credit-default swaps tied to Greek sovereign bonds should be paid out after the passage of laws approving collective-action clauses for Greek debt.
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BBC
VIDEO: How did Greece mask its debt?
Investment bank Goldman Sachs was exposed as helping Greece mask its true debt by author Nick Dunbar in his book 'The Devil's Derivatives'.
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Science Daily
Bacterial plasmids -- the freeloading and the heavy-lifters -- balance the high price of disease
Studying self-replicating genetic units, called plasmids, found in one of the world's widest-ranging pathogenic soil bacteria -- the crown-gall-disease-causing microorganism Agrobacterium tumefaciens -- biologists are showing how freeloading, mutant derivatives of these plasmids benefit while the virulent, disease-causing plasmids do the heavy-lifting of initiating infection in plant hosts. The...
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THE AUSTRALIAN
Warning on US derivatives rules
A US banking regulator warned overnight against a "vast over reaction" in regulation of derivatives markets.
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Handelsblatt
US-Wahlkampf: Derivate-Investoren müssen mit Wetten warten
Derivate-Anleger müssen sich mit Wetten auf den Ausgang der US-Wahl noch gedulden: Die North American Derivatives Exchange wollte eigentlich Anfang Januar mit ihren Wahl-Futures starten. Nun verzögert sich der Start.
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siliconindia
NSE to Sweeten Liquidity Enhancement Scheme from January 2
The National Stock Exchange will sweeten the incentives provided under its liquidity enhancement scheme (LES) for S&P 500 and Dow Jones Industrial Average (DJIA) derivatives from January 2 next year.
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circleID
Over 80 Internet Inventors and Engineers Send Open Letter to US Congress
A group of 83 Internet inventors and prominent engineers sent an open letter today to the members of the United States Congress, stating their opposition to the SOPA and PIPA Internet blacklist bills that are under consideration in the House and Senate respectively.
* * *
We, the undersigned, have played various parts in building a network called the Internet. We wrote and debugged the ...
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science blogs
The Advent Calendar of Physics: Gauss and Maxwell [Uncertain Principles]
As the advent calendar moves into the E&M portion of the season, there are a number of possible ways to approach this. I could go with fairly specific formulae for various aspects, but that would take a while and might close out some other areas of physics. In the end, all of classical E&M comes down to four equations, known as Maxwell's equations (though other people came up with most ...
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China Daily
Shanghai Shipping Exchange works to lower risk
The Shanghai Shipping Exchange on Wednesday began offering derivatives meant to protect shippers from the risks posed by the fluctuating cost of shipping coal on two domestic routes.
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Reuters
Exclusive: D.Boerse, NYSE mull spin-off on EU demands
FRANKFURT (Reuters) - Deutsche Boerse and NYSE could spin off parts of their derivatives arms to create a third-party competitor as a way to allay anti-trust concerns about their $9 billion merger,...
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Daily Mail
Oops! Professor finds himself accidentally becoming Italy's Junior Agriculture Minister as new government appoints wrong man in farcical mix-up
Francesco Braga, who teaches derivatives at the University of Guelph in Ontario, was shocked to receive an email from the ministry in Rome suggesting he was getting the top job.
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The Nation
Training workshop concludes
ISLAMABAD - The two-day training workshop Controlling Illegal Wildlife Trade held at Pakistan Museum of Natural History (PMNH), Garden Avenue, Shakarparian, concluded here the other day.
The workshop highlighted the issues of illegal trade in wildlife and wildlife parts and their derivatives, which is threatening Pakistans unique biodiversity and its…
Visit: http://www.nation.com.pk for full...
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Reuters
Petrobras spilled twice the oil than Chevron in 2010: report
BRASILIA (Reuters) - Brazil's state-controlled oil company Petrobras spilled almost double the amount of oil and derivatives in 2010 as was released off the Brazilian coast by Chevron earlier this month, a Brazilian newspaper said on Sunday.
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Art Review
©NOK&T/ART commented on James Kalm's video
©NOK&T/ART commented on James Kalm's videoWilliam Powhida "Derivatives" at POSTMASTER GALLERY
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WSJ
Derivatives Tide Rises at Big Banks
Huge numbers can be scary, especially when it comes to derivatives. So investors should take a seat before reading third-quarter securities filings from some of the biggest U.S. banks.
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# |
Countries |
MIX |
| 1 | United States | 10.153 |
| 2 | India | 1.031 |
| 3 | Australia | 0.900 |
| 4 | United Kingdom | 0.800 |
| 5 | China | 0.510 |
| 6 | Brazil | 0.420 |
| 7 | Canada | 0.280 |
| 8 | Argentina | 0.100 |
| 9 | Russia | 0.080 |
| 10 | France | 0.040 |
| 11 | South Africa | 0.025 |
| 12 | Ireland | 0.010 |
| More Countries >> |
# |
Media |
MIX |
| 1 | CNN Editions (International) | 4.800 |
| 2 | Nature | 0.800 |
| 3 | Sydney Morning Herald | 0.500 |
| 4 | Newsday | 0.500 |
| 5 | economist | 0.500 |
| 6 | CNBC | 0.500 |
| 7 | Washingtonpost | 0.450 |
| 8 | The Wall Street Journal Americas | 0.420 |
| 9 | 21st Century Business Herald | 0.420 |
| 10 | Forbes | 0.400 |
| 11 | WALL STREET JOURNAL USA | 0.360 |
| 12 | businessweek | 0.350 |
| 13 | The Age | 0.350 |
| 14 | Reuters | 0.300 |
| 15 | drugs.com | 0.300 |
| 16 | rollingstone | 0.300 |
| 17 | moneycontrol | 0.300 |
| 18 | Money | 0.225 |
| 19 | marketwatch.com | 0.200 |
| 20 | The Hindu Business line | 0.200 |
| More Media >> |
# |
Languages |
MIX |
| 1 | English | 13.199 |
| 2 | Chinese | 0.510 |
| 3 | Portuguese | 0.420 |
| 4 | Spanish | 0.100 |
| 5 | Russian | 0.080 |
| 6 | French | 0.040 |
| 7 | German | 0.000 |
| 8 | Finnish | 0.000 |
| 9 | Korean | 0.000 |
| 10 | Arabic | 0.000 |
| 11 | Indonesian | 0.000 |
| 12 | Dutch | 0.000 |
| 13 | Turkish | 0.000 |
| 14 | Italian | 0.000 |
| 15 | Swedish | 0.000 |
| 16 | Polish | 0.000 |
| 17 | Zulu | 0.000 |
| 18 | Hindi | 0.000 |
| 19 | Japanese | 0.000 |
| 20 | Romanian | 0.000 |
| More Languages >> |
# |
Lists |
| 1 | Macro Economic words |