Topical Guides

Topical Guides are provided by the AP Stylebook editors for timely events. Here is the most recent topical guide:

World Economic Forum (Davos) 2015

The Associated Press compiled a style guide of essential words, phrases and definitions for coverage of the World Economic Forum Jan. 21-24 in Davos, Switzerland. The guidance includes financial terms likely to figure in discussions. Some terms are from the AP Stylebook: http://www.apstylebook.com/. Others are from usage in AP news stories. Contributors include Europe Business Editor Carlo Piovano, who is reporting from the forum.
Abenomics
Commonly used to describe the economic stimulus policies of Japanese Prime Minister Shinzo Abe. Includes government spending, central bank stimulus and reforms. Term needs explaining on first reference.
bailout
Financial aid for a company or nation unable to meet debt obligations.
bondholder
The owner of a loan certificate issued by company or government.
BRICS
Acronym for the economies of Brazil, Russia, India, China and South Africa as emerging powerhouses.
capital flow
When money from an investment moves from one country to another.
Charlie Hebdo
French satirical weekly attacked Jan. [more...]
climate change
Used interchangeably with global warming.
data hacking
The unlawful appropriation of confidential information by means of computer software.
Davos Man
A term for the global elite – financiers, politicians, celebrities – who rub shoulders at the annual World Economic Forum in Davos. Coined to disparage those who put self-interest ahead of their country's interest.
decision-maker, decision-making
Hyphenated in AP usage.
default
Failure to meet financial obligations.
deflation
A sustained drop in consumer prices that can pinch spending, investment and economic growth.
deleverage
To cut long-term corporate debt as a proportion of shareholders' equity.
Doha Round
International talks begun in 2001 in Doha, Qatar, aimed at cutting tariffs and helping poor countries boost trade. Diplomats say the talks are deadlocked.
downturn
A negative trend in economics or business.
earth vs. Earth
Lowercase in most uses: down to earth; earth mother. Capitalize the name of the planet: The astronaut returned to Earth.
ecosystem
A diverse community of animals and plants and the surrounding chemical and physical elements that provide nutrients and energy to sustain them.
embargo, sanction
A ban or restriction on trade applied to goods entering or leaving a country, often as a tool of foreign policy.
emerging economies
Nations in transition to market economies from state control.
entrepreneur, entrepreneurship
Describing a person who takes on the risk of organizing and managing a business with a profit motive.
euro, eurozone
Currency used by 19 of the 28 countries in the European Union, known as the eurozone.
European Union
The 28-country community sharing laws and trade policies. The EU is based in Brussels.
FDI
Foreign direct investment by developed countries in emerging economies. FDI on second reference.
fiscal, monetary
Budgetary matters, such as taxes, debt and spending vs. supply of money.
fondue
Swiss dish in which bread cubes are dipped in melted cheese flavored with wine, or thin slices of meat or vegetables are cooked in simmering broth.
G-20
Hyphenate the abbreviated term for the Group of 20 industrial and emerging-market nations.
gabfest
An informal gathering to discuss weighty issues, sometimes used satirically for the World Economic Forum.
globalization
The worldwide spread of ideas, technology or other commerce.
hedge fund
Private investment partnerships that seek quick profits by placing large sums in currency, bond and stock markets.
income inequality
The leading threat to global stability in 2014 but not among top five this year, according to the organizers.
International Monetary Fund
Supply of money supported by member nations and used to stabilize international currencies and trade. IMF acceptable on second reference.
interstate conflict
Rated the No. 1 threat to world stability in the 2015 Global Risks Report setting tone for Jan. 21-24 World Economic Forum in Davos, Switzerland, amid fighting in Ukraine and rise of the Islamic State group.
Islamic State group
Militant organization largely made up of Sunni Muslims in Iraq and Syria, with goal of creating a caliphate or Islamic empire.
Klaus Schwab
Founder and leader of the World Economic Forum.
Next 11
Countries having a high potential of becoming, along with the BRICS, the world's largest economies in the 21st century: Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey and Vietnam.
NGO
Nongovernmental organization, usually a nonprofit, humanitarian organization. NGO on second reference.
nonprofit
One word, no hyphen
oil
Can be used on first reference for crude oil. The U.S. benchmark is traded on the New York Mercantile Exchange. The international benchmark, Brent, is traded on the ICE exchange in London.
other high risks
Extreme weather, spread of infectious diseases, climate change and high youth unemployment in some parts of the world were also cited by WEF's poll of 900 experts.
paradigm
A pattern or model held up as a desirable example or concept.
policymaker, policymaking
Spelled as compounds in AP style.
Public Eye Award
Mock prize given by a group of nongovernmental organizations to companies they say disregard human rights or the environment. It is given at a protest event in Davos on the sidelines of the World Economic Forum.
quantitative easing
A form of economic stimulus by central banks that involves buying large amounts of government bonds. [more...]
recession
Decline of economic activity that may be a temporary phenomenon or could continue into a depression.
sovereign debt
Debt issued only by a government.
Swiss franc cap
The central bank of Switzerland scrapped its limit of 1.20 francs to the euro on Jan. [more...]
Syriza
A left-wing opposition party in Greece that is leading the polls ahead of Jan. 25 elections. The party wants to change the terms of Greece's bailout deal, raising concerns about the potential financial fallout.
tax cut
Two words in AP Style.
the 1 percent
Richest segment of Americans.
trade protectionism
High tariffs or other barriers to shield domestic producers from competition by foreign producers.
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