Showing results by author "iMinds" in All Categories

Learn about derivatives with iMinds Money's insightful fast-knowledge series. In economics, a derivative is defined as a financial instrument or an “agreement” between two parties that is based on an “underlying” and generally tangible asset, such as a stock or a commodity.

Learn about Underwriting with iMinds Money's insightful fast knowledge series. Underwriting is the process of issuing insurance policies. A company underwrites your policy when it agrees to insure you or your property in exchange for the premiums you pay. Underwriting is carried out by either an insurance company or a professional underwriter. Underwriters assess risks and decide whether to accept applications for insurance cover and, if so, under what terms they are valid.

Learn about the Tragedy of the Commons with iMinds insightful audio knowledge series. The Tragedy of the Commons is a situation in which a jointly owned resource is overused or destroyed because each person takes more than they would if the resource was privately owned. With each individual acting independently, the combined pressure on the resource exceeds what is in the interests of the community as a whole.

Learn about the story of Dante’s Inferno with iMinds insightful knowledge series. “Midway upon the journey of our life, I found myself in a forest dark, For the straightforward pathway had been lost.” So begins the classic text of the Inferno, a medieval poem written in 14th century Italy. Along with its sequels, Purgatorio and Paradiso, it makes up the classic Divine Comedy. But what is the poem about? In the Inferno, the narrator of the tale travels through hell.

Learn about the history of Bank Notes with iMindsJNR audio learning series for younger minds. When you think of money, the first image that comes into your head is probably a bank note. We all know what they look like and how you can use them. Bank notes are such a large part of our lives that it is hard to imagine how the world would work without them. That's why it may surprise you to learn that the bank notes we know today are a relatively recent form of money.

Trade embargoes are a form of economic sanction that can be used against another nation. A trade embargo restricts trade with a nation. This may involve banning the import and export of only a few goods, such as armaments, or may encompass a wider range of goods. Embargoes are usually employed to apply pressure to a nation that has or will engage in actions undesirable to the body applying the sanction.

Learn about the history and geography of China with iMinds. China is a fascinating country where mountains tower over vast plains, deserts collide with lush farmlands, and ancient cultures mix with modern cities. So, if you went to China, where would you start? Well, you might want to pack a big bag because China is actually the 3rd largest country in the world!

Learn about short selling with iMinds Money's insightful fast knowledge series. Short selling is the practice of selling borrowed stock at a high price and then buying back the stock at a lower price. A short seller expects to profit from the fall in a stock's price. The more common investment practice is to “go long”, that is, to buy stock with the expectation of the price rising in the future. Simply, a short transaction sells high and buys low, while a long transaction buys low and sells high.

Learn about the Seven Wonders of the World with iMinds insightful audio knowledge series. Twenty-five hundred years ago, people began to talk about the wondrous structures they had seen in their travels around the Mediterranean. In 222 B.C., Philo of Byzantium wrote an essay called "On the Seven Wonders".

The Guantanamo Bay Detention Camp was set up by the U.S. government as a detention facility for "unlawful enemy combatants" captured in the "war on terror". Opened in 2002, it is located on the U.S. Naval Base at Guantanamo Bay in Cuba.

You probably would agree that the four weeks leading up to Christmas are a special time of year. For Christians this is a period of preparation. Many Christians call these four weeks 'Advent' and they prepare themselves for the celebration of Jesus' birth. The word 'Advent' comes from the Latin 'adveneo', meaning 'to come to' and refers to Jesus' coming into the world at Christmas.

When Alexander Fleming discovered penicillin in 1928, it was a lucky accident. He didn't realize at the time that penicillin would dramatically change the face of medicine and the pharmaceutical industry. Fleming was a researcher studying the natural antibacterial substances produced by the body. He had been working with the bacteria that caused boils. To study the bacteria he grew colonies of it on plates.

Learn about the life and inventions of Thomas Edison with the iMindsJNR audio-learning series for younger minds. Imagine a world where you couldn't phone your friends, listen to music, or watch movies. This was the world before Thomas Edison's inventions. Edison is one of the greatest inventors in history. He was born in Ohio in 1847, the youngest of seven children. By the time he died in 1931, aged 84, the world had benefited from so many of his inventions that now make our lives easier and more enjoyable.

Learn about the discovery of Atoms with iMindsJNR audio learning series for younger minds. How is your body similar to the chair you are sitting in? Both things are made up of atoms! In fact, almost everything in the entire universe is made up of atoms. They are the building blocks of matter.

The House of Plantagenet was a royal house of 15 monarchs who ruled England from 1154-1485. The Plantagenets originally came from France, where they ruled a county called Anjou. They were a strange and powerful family, complex and prone to insanity. Their founder, Count Fulk III (known as "The Black"), had his wife burned at the stake in her wedding dress when he discovered she was sleeping with a goatherd.

‘Conflict diamonds’ are precious gems that have been sold on the black market to finance violent rebel groups, terrorists or oppressive governments. They almost always originate from poor, underdeveloped countries located on the African continent. It is estimated that conflict diamonds account for up to 15 percent of the world’s traded diamonds.

Learn about Food Security with iMinds Money's insightful fast knowledge series. The United Nations’ Food and Agriculture Organisation defines Food Security as a state when “all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life”.

"Bay of Pigs" refers to the 1961 invasion of Cuba by a force of CIA-backed Cuban exiles attempting to overthrow Fidel Castro's left-wing government. In Cuba the invasion is called the Battle of Girón, one of the beaches in the Bay of Pigs, which is on the south coast of Cuba. The invasion was one of the flashpoints of the Cold War and pushed the world towards the brink of nuclear war.

Learn the history of the Magna Carta with iMinds insightful audio knowledge series. Magna Carta: the great document has become synonymous with the power of the people. A medieval English charter of 63 clauses, it has become one of the most famous legal documents in history. Those who wrote the American Declaration of Independence claimed to have been inspired by it.

Learn about arbitrage with iMinds Money's insightful fast knowledge series. Arbitrage is defined as attempting to profit by exploiting price differences of identical or similar financial instruments between two or more markets. The difference between the two market prices is the profit or spread. The term is usually used to describe transaction involving financial instruments such as stock, bonds, commodities, currencies and derivatives.