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 Fri Feb 15, 2008 19:35 pm What is meaning of Baton? |
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Hi,
This is a bit of obscure 'Internet' English suggesting that one group of people take over from another as 'baton' is a sort of stick that one member of an athletic team takes over from another in a relay race. It can also be a stick used by a police officer and also the stick used by the conductor in an orchestra.
Alan
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Yankee
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| Sat Feb 16, 2008 10:42 am What is meaning of Baton? |
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Hi,
| Quote: | | Now, that remark just doesn't seem cricket |
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Now, that is obscure!
Alan
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| Sat Feb 16, 2008 10:50 am What is meaning of Baton? |
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Whatever. 
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Amy
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Yankee
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| Sat Feb 16, 2008 13:39 pm What is meaning of Baton? |
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This, for the record, is what I mean by Internet English:
| Quote: | Article Excerpt
Two Deutsche Bank Treasury managers outline some practical approaches in dealing with issues relating to allocation and investment of the bank's capital, performance measurement of local and regional businesses, foreign-currency capital exposures, and regulatory compliance across multiple regimes.
Sunrise in Auckland and another business day begins. At Deutsche Bank, members of the Treasury team located in the Asia-Pacific region take the baton from their colleagues in the Americas managing the bank's capital and balance sheet. These regional managers, specialists in their local market conventions and regulatory requirements, work with the business divisions to optimize the return on the bank's capital. Later in the working day, the European members of the team based in the corporate center join with their colleagues to ensure that the practical matters of the localities are aligned with the bank's strategic global issues.
Like Deutsche Bank, banks the world over are pursuing the ultimate capital framework, which will optimize the mix of capital, adequately assess capital at risk, and maximize capital returns. These global banks are faced with an array of regulatory requirements, business practices, and infrastructural complexity, demanding a dynamic approach to ensure a sufficiently robust yet flexible framework.
Allocation versus Investment of the Bank's Capital
Before dealing with the difference between allocated capital and invested capital, consideration should be given to a more fundamental question: "What is meant by the term capital?" Though a seemingly basic question, the notion of capital varies, depending on the perspective being considered.
l. From an accounting standpoint, capital is just the shareholder equity as it is reported on the balance sheet.
2. The regulatory view of capital expands on this accounting view by allowing for the inclusion of by hybrid capital instruments, usually accounted as liabilities, and then deducting purchased goodwill.
This is the denominator of well-known ratios like the Bank of International Settlements (BIS) Tier I ratio. 3. A risk manager views capital from an economic perspective driven by aggregate risk positions. Commonly expressed as "economic capital," these calculations more accurately reflect the capital needed to support the business franchise and include sophisticated calculations for market, credit, operational, and business risks.
These three perspectives do not move in tandem, but they must be dealt with simultaneously. |
Alan
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| Sat Feb 16, 2008 18:22 pm What is meaning of Baton? |
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Oh, I see. That's like this type of "Internet" English then:
http://www.english-test.net/forum/ftopic8588.html
The person who created that test obviously took that particular sentence from the Internet, too. In that thread, I provided a link to the original source of the sentence. Although my original link is no longer active, this link still works:
http://sports.espn.go.com/nhl/news/story?id=2365787
I guess you must also consider the examples in my first post to be obscure 'Internet' English. 
For the record, telling the taker of an advanced English test that a sentence or word usage is a bit of obscure 'Internet' English suggested to me that you thought the usage would be unlikely anywhere other than on the Internet. I got the impression you were lumping the usage of 'baton' together with the likes of "how r u?" or words such as "blogosphere". And, in my opinion, that wouldn't be a fair or appropriate description of the usage of 'baton' in the test sentence.
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Amy
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| simple past + while + past progressive | what's the difference between courage and courageous? |
