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HOLDING COMPANY: A company (usually a corporation) that owns enough stock in another corporation to exercise virtually complete control over its management. Holding companies often own controlling interest in several diverse corporations, allowing it to engage in diverse activities (some of which might be risky) while limiting its liability should problems arise. While holding companies exist in most types of industries, then tend to be quite popular in banking. Through a holding company, a bank can essentially take part in other financial markets (selling insurance, underwriting securities, or acting as a broker) that are beyond the legal authority of the bank itself.

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by Orley M. Amos, Jr.
Professor of Economics
Oklahoma State University
Go to: Chapter 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Table of Contents
Chapter One: The Professor
Chapter Two: A Kind, Loving Instructor
Chapter Three: Some Yummy Purple Fruit
Chapter Four: Tyler's Second Test
Chapter Five: Cali O'Toole
Chapter Six: The Hideous Monster
Chapter Seven: Crunch Water
Chapter Eight: The Quest
Chapter Nine: The Valley Of Red
Chapter Ten: The Purple Village
Chapter Eleven: Leonardo Da Vinci
Chapter Twelve: The Estoffe Flow
Chapter Thirteen: The Evil Professor
Chapter Fourteen: Adam
Chapter Fifteen: The Caves
Chapter Sixteen: Mark Twain
Chapter Seventeen: Leonardo's Place
Chapter Eighteen: Return From Leornia
Chapter Nineteen: The Source Of Water
Chapter Twenty: The Real World

Go to: Chapter 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Copyright © 1997, 2002 by Orley M. Amos, Jr. All rights reserved. Not to be quoted without permission of the author.
The Wide, Wide World Of FOREIGN TRADE

Two blocks directly south of the Mega-Mart Discount Emporium we'll find that Natural Ned's Nursery and Garden Center is having a grand opening celebration. I'd like to saunter over to check out their sundials -- a valuable, and long sought after acquisition for my backyard garden. In fact, Natural Ned's Nursery and Garden Center has a new shipment of sundials imported from the sundial capital of the world -- the Republic of Northwest Queoldiola. If I'm going to get a sundial, I should get the best, right? Northwest Queoldiola produces the finest, least expensive, and most technologically advanced sundials in the world. However, Mega-Mart Discount Warehouse Super Center has an ample supply of good old American-made sundials. They're a little more expensive and not quite as good, but they're made in the U. S. of A. by good old Americans. What a dilemma!
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Today, you are likely to spend a great deal of time wandering around the downtown area hoping to buy either a how-to book on home repairs or a large, stuffed kitty cat. Be on the lookout for letters from the Internal Revenue Service.
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Ragnar Frisch and Jan Tinbergen were the 1st Nobel Prize winners in Economics in 1969.
"Chance favors only the prepared mind."

-- Louis Pasteur, biologist

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