GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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09:47 Nov 19, 2013 |
English language (monolingual) [PRO] Art/Literary - Economics | |||||||
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| Selected response from: Jenni Lukac (X) Local time: 22:17 | ||||||
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failing? Explanation: a misprint? |
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bailing *out* to build Explanation: To bail somebody out is to get them out of trouble. -------------------------------------------------- Note added at 3 hrs (2013-11-19 13:27:43 GMT) -------------------------------------------------- In England, the government bailed the banks out by buying all or a part of them so they now own a part of the bank and therefore have a stake in its success. Each time these big institutions fail, they put more and more money into them and therefore make it more likely that they will help out the next time to protect the investment they have already made. Reference: http://idioms.thefreedictionary.com/bail+out |
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Notes to answerer
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hedging/investing to expand Explanation: I think "bailing" IS used as a synonym for "hedging" here. By collaborating and joining together these institutions are reducing their risk just as hedging does in the investment world by offsetting risk http://en.wikipedia.org/wiki/Hedge_(finance) It says "What care, what responsibility can be invested in a single pie, when having ten in the oven grants hardy rewards?" in other words, better to have a finger or stake in several pies and get "hardy" or good rewards rather than having just one pie! The other expression that springs to mind is "having all your eggs in one basket" which is never considered a good idea -------------------------------------------------- Note added at 4 hrs (2013-11-19 13:58:50 GMT) -------------------------------------------------- "having more and more stakes is the way to go..." so, better to expand the network and reduce risk the way I read this. http://www.investopedia.com/terms/h/hedge.asp -------------------------------------------------- Note added at 4 hrs (2013-11-19 14:00:29 GMT) -------------------------------------------------- I think you could use "collaborating together" or "coming together" or even "amalgamating" to get the meaning of "bailing" here |
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creating an over-leveraged network (of joint projects) to sustain the growth of the system/sector Explanation: I'm hoping that "sustaining" takes care of the "bailing out" part of your dilemma. The writer seems to suggest that when big players in the art world are propped up or bailed out, a process of consolidation also takes place. However, without more context (are we talking of large museums, private art galleries, international art fairs?) it's hard to know precisely what he or she is getting at. Some examples would help. |
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10 hrs confidence:
2 days 2 hrs confidence:
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