Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. A key point in finance is the time value of money, which states that purchasing power of one unit of currency can vary over time. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.
The FINANCIAL has a weekly official circulation of 10,000 printed newspapers. They have a daily page viewing of 100,000.
In addition the company publishes the monthly magazine WEALTH, which is exclusively delivered to all premium hotel rooms of Georgia.
The FINANCIAL together with Global Idea llc is the official organizer of the annual award ceremony Golden Brand.
The FINANCIAL publishes the following annual editions: Best Georgian Banks, Green Business - Oil & Environment, Travel Business, Corporate Social Responsibility, and US Business in Georgia.
The FINANCIAL is the general media partner for all major international business events in Tbilisi. In 2010 and 2011 it was the general media sponsor of international banking conferences in Baku and Batumi.
In 2010 The FINANCIAL was named country media sponsor for the HSBC-sponsored European Business Awards.
The word authority (derived from the Latin word auctoritas) can be used to mean the right to exercise power given by the State (in the form of government, judges, police officers, etc.), or by academic knowledge of an area (someone can be an authority on a subject).
In government, the term authority is often used interchangeably with power. However, their meanings differ: while power is defined as "the ability to influence somebody to do something that he/she would not have done", authority refers to a claim of legitimacy, the justification and right to exercise that power. For example, while a mob has the power to punish a criminal, for example by lynching, people who believe in the rule of law consider that only a court of law has the authority to punish a criminal legally as the law says.
Authority is the legitimate or socially approved use of power. It is the legitimate power which one person or a group holds over another. The element of legitimacy is vital to the notion of authority and is the main means by which authority is distinguished from the more general concept of power. Power can be exerted by the use of force or violence. Authority, by contrast, depends on the acceptance by subordinates of the right of those above them to give them orders or directives.
Types of Authorities
Traditional Authority: Power legitimized by respect for long-established cultural patterns.
Charismatic Authority: Power legitimized by extraordinary personal abilities that inspire devotion and obedience.
Rational-Legal Authority: Also known as bureaucratic authority, is when power is legitimized by legally enacted rules and regulations such as governments.
Children and the three Authority Attributes
The three attributes of authority are status, specialist skills or knowledge, and social position. These are particularly relevant to children when they regard their parents and teachers. Research has shown that children have a complex notion of what authority is. Children consider the type of command, the characteristics of the authority figure, and the social context when making authority conclusions (Laupa, 1991).
After former singer Sarah Blackwood's (alias Client B) retreat from the band in December 2010, band leader Kate Holmes remained the only member of Client. The band announced that "Kate Holmes is likely to continue with the band's activities after taking a short break" and would look out for "a brand new Client to front the band."
In July 2011, Holmes introduced Xan Tyler as the new live singer of Client. Both musicians had collaborated before, forming synthpop group Technique in the late 1990's. However, since Client didn't release another album any time soon after the announcement and thus didn't go on tour, the collaboration never happened.
With the video for single "You Can Dance", released in September 2013, Holmes revealed the identity of new vocalist, Bristol-based singer/songwriter Nicole Thomas, using the alias "Client N".