Trade union

A trade union (British English / Australian English / New Zealand English / South African English / Caribbean English; also trades union), labour union (Canadian English), or labor union (American English) is an organization of workers who have come together to achieve common goals such as protecting the integrity of its trade, improving safety standards, achieving higher pay and benefits such as health care and retirement, increasing the number of employees an employer assigns to complete the work, and better working conditions. The trade union, through its leadership, bargains with the employer on behalf of union members (rank and file members) and negotiates labour contracts (collective bargaining) with employers. The most common purpose of these associations or unions is "maintaining or improving the conditions of their employment". This may include the negotiation of wages, work rules, complaint procedures, rules governing hiring, firing and promotion of workers, benefits, workplace safety and policies.

Labour economics

Labor economics seeks to understand the functioning and dynamics of the markets for wage labor. Labor markets or job markets function through the interaction of workers and employers. Labor economics looks at the suppliers of labor services (workers), the demands of labor services (employers), and attempts to understand the resulting pattern of wages, employment, and income.

In economics, labor is a measure of the work done by human beings. It is conventionally contrasted with such other factors of production as land and capital. There are theories which have developed a concept called human capital (referring to the skills that workers possess, not necessarily their actual work).

Macro and micro analysis of labor markets

There are two sides to labor economics. Labor economics can generally be seen as the application of microeconomic or macroeconomic techniques to the labor market. Microeconomic techniques study the role of individuals and individual firms in the labor market. Macroeconomic techniques look at the interrelations between the labor market, the goods market, the money market, and the foreign trade market. It looks at how these interactions influence macro variables such as employment levels, participation rates, aggregate income and gross domestic product.

Market impact

In financial markets, market impact is the effect that a market participant has when it buys or sells an asset. It is the extent to which the buying or selling moves the price against the buyer or seller, i.e., upward when buying and downward when selling. It is closely related to market liquidity; in many cases "liquidity" and "market impact" are synonymous.

Especially for large investors, e.g., financial institutions, market impact is a key consideration that needs to be considered before any decision to move money within or between financial markets. If the amount of money being moved is large (relative to the turnover of the asset(s) in question), then the market impact can be several percentage points and needs to be assessed alongside other transaction costs (costs of buying and selling).

Market impact can arise because the price needs to move to tempt other investors to buy or sell assets (as counterparties), but also because professional investors may position themselves to profit from knowledge that a large investor (or group of investors) is active one way or the other. Some financial intermediaries have such low transaction costs that they can profit from price movements that are too small to be of relevance to the majority of investors.

Lee Camp (comedian)

Lee Camp (born July 21, 1980) is an American stand-up comedian, writer, actor, and activist. He is the host of the weekly comedy news show Redacted Tonight with Lee Camp on RT America.

Early life and beginnings of career

Camp was born July 21, 1980 at Walter Reed Army Medical Center and grew up in Bethesda, Maryland, until 1989. His father is a psychoanalyst who served 20 years in the military as a doctor. His mother is a social worker. In 1989 the family moved to Richmond, Virginia, where Camp stayed until he went to college at the University of Virginia in Charlottesville, Virginia. He started writing comedy when he was 14, then got his humor columns printed in the high school literary magazine. Upon arriving at the University of VA, he won a competition to become the humor columnist for the school newspaper "The Cavalier Daily". Camp then wrote a weekly humor column for all four years he attended the university. He began performing stand-up comedy on his 19th birthday at an open-mic night at Matt's Pub in Richmond. The Richmond Comedy Club was downstairs, which was where Camp got his first paying gigs. He also performed regularly throughout the rest of his time at UVA, opening for Jimmy Fallon, Darrell Hammond, Lewis Black, and Tracy Morgan when they came to do shows at the university. In his final year of college, Camp self-published a book of his humor columns entitled "Neither Sophisticated Nor Intelligent". Upon graduation he moved to New York City.

Fault line (disambiguation)

In geology, fault line or faultline refers to the surface trace of a fault.

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