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April 24, 2018 

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NET INCOME: A common term for profit, as the difference between total revenue and total cost. When used in the real world of business wheeling and dealing, this notion of net income general refers to accounting profit rather than economic profit. The "net" aspect of net income indicates that some (that something being cost) is deducted from total or "gross" income. Other common terms used in this same context are net revenue and net earnings.

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3-6-3 RULE: An informal rule of operation of savings and loan associations in the 1950s and 1960s in which a 3 percent interest was paid on savings accounts, a 6 percent interest was charged for mortgage loans, and the president was playing golf by 3:00 o'clock in the afternoon. This informal rule is used to indicate that the savings and loan industry during this period was far removed from the high-stressed financial markets that characterize modern banking.

     See also | savings and loan association | bank | loan | saving | deposit | financial market | Federal Home Loan Bank |


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MACROECONOMICS

The branch of economics that studies the entire economy, especially such topics as aggregate production, unemployment, inflation, and business cycles. It can be thought of as the study of the economic forest, as compared to microeconomics, which is study of the economic trees.

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Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors seeking to buy either a birthday greeting card for your grandmother or a coffee cup commemorating yesterday. Be on the lookout for empty parking spaces that appear to be near the entrance to a store.
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General Electric is the only stock from the original 1896 Dow Jones Industrial Average remaining in the current index.
"You have to find something that you love enough to be able to take risks, jump over the hurdles and break through the brick walls that are always going to be placed in front of you. If you don't have that kind of feeling for what it is you're doing, you'll stop at the first giant hurdle. "

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