Term (time)

A term is a period of duration, time or occurrence, in relation to an event. To differentiate an interval or duration, common phrases are used to distinguish the observance of length are near-term or short-term, medium-term or mid-term and long-term.

It is also used as part of a calendar year, especially one of the three parts of an academic term and working year in the United Kingdom: Michaelmas term, Hilary term / Lent term or Trinity term / Easter term, the equivalent to the American semester. In America there is a midterm election held in the middle of the four-year presidential term, there are also academic midterm exams.

In economics, it is the period required for economic agents to reallocate resources, and generally reestablish equilibrium. The actual length of this period, usually numbered in years or decades, varies widely depending on circumstantial context. During the long term, all factors are variable.

In finance or financial operations of borrowing and investing, what is considered long-term is usually above 3 years, with medium-term usually between 1 and 3 years and short-term usually under 1 year. It is also used in some countries to indicate a fixed term investment such as a term deposit.

Long-Term Capital Management

Long-Term Capital Management L.P. (LTCM) was a hedge fund management firm based in Greenwich, Connecticut that used absolute-return trading strategies combined with high financial leverage. The firm's master hedge fund, Long-Term Capital Portfolio L.P., collapsed in the late 1990s, leading to an agreement on September 23, 1998 among 16 financial institutions — which included Bankers Trust, Barclays, Bear Stearns, Chase Manhattan Bank, Credit Agricole, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Paribas, Salomon Smith Barney, Societe Generale, and UBS — for a $3.6 billion recapitalization (bailout) under the supervision of the Federal Reserve.

LTCM was founded in 1994 by John W. Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers. Members of LTCM's board of directors included Myron S. Scholes and Robert C. Merton, who shared the 1997 Nobel Memorial Prize in Economic Sciences for a "new method to determine the value of derivatives". Initially successful with annualized return of over 21% (after fees) in its first year, 43% in the second year and 41% in the third year, in 1998 it lost $4.6 billion in less than four months following the 1997 Asian financial crisis and 1998 Russian financial crisis requiring financial intervention by the Federal Reserve, with the fund liquidating and dissolving in early 2000.

Jason Silva

Jason Luis Silva (born February 6, 1982) is a television personality, filmmaker, and public speaker. The Atlantic describes Silva as "A Timothy Leary of the Viral Video Age".

Personal life

Silva was born in Caracas, Venezuela, and now resides in Los Angeles, California, and New York City. His mother is Ashkenazi Jewish, and his father converted to Judaism.

Silva earned a degree in film and philosophy from the University of Miami in Coral Gables, Florida. He, along with Max Lugavere, produced and starred in a video documentary/performance piece entitled "Textures of Selfhood"—an experimental film about hedonism and spirituality.

Career

Current TV

From 2005 to 2011, Silva was a presenter and producer on Al Gore's Emmy award winning cable network Current TV.

Public speaking

An active and prolific speaker, Silva has spoken at Google, The Economist Ideas Festival, the prestigious DLD Digital Life Design Conference in Munich, TEDGlobal, the Singularity Summit, the PSFK Conference, and the Festival of Dangerous Ideas.