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The company initially tried a number of ideas for content, including being a directory of information about Chicago ; [20] the site subsequently focused on content geared to a male audience, including information on sporting activities, automobiles and women.

Bomis created Nupedia as a free online encyclopedia with content submitted by experts but it had a tedious, slow review process. The non-profit Wikimedia Foundation began in with a Board of Trustees composed of Bomis' three founders Wales, Davis and Shell [17] and was first headquartered in St. Petersburg, Florida , [35] Bomis' location. Jimmy Wales left a study track at Indiana University as a PhD candidate to work in finance before completing his doctoral dissertation.

Wales wanted to participate in the online-based entrepreneurial ventures which were increasingly popular and successful during the mids, [17] [44] his experience from gaming in his youth impressed on him the importance of networking. Wales co-founded Bomis in , with business associates Tim Shell, [4] [24] [31] and his then-manager Michael Davis, [15] [16] [17] as a for-profit corporation with joint ownership. Petersburg, Florida where the company subsequently relocated.

The staff at Bomis was originally about five employees, [16] [27] its staff included programmer Toan Vo and system administrator Jason Richey; [16] Wales employed his high-school friend and best man in his second wedding, Terry Foote, [47] [48] as advertising director. Although Bomis is not an acronym, the name stemmed from "Bitter Old Men in Suits" [60] as Wales and Shell called themselves in Chicago ; [17] [31] [61] the site began as a web portal , [24] [35] trying a number of ideas including serving as an access point for information about Chicago.

Working from the Open Directory Project , [66] Bomis created and maintained hundreds of webrings on topics related to lad culture. Bomis became successful after it focused on X-rated and erotic media. The website included a segment devoted to erotic images, "Bomis Babes", [5] [6] and a feature enabled users to submit recommended links to other sites appealing to a male audience. Wales referred to the site's softcore pornography as "glamour photography", [36] [43] [45] [79] [80] and Bomis became familiar to Internet users for its erotic images.

In the photograph, the women were wearing panties and T-shirts advertising Bomis. Bomis is best known for supporting the creation of free-content online-encyclopedia projects Nupedia and Wikipedia. Sanger and Wales began Nupedia with resources from Bomis; [8] at the beginning of , the company agreed to provide early financing for Nupedia from its profits.

Although Bomis began a search for experts to vet Nupedia articles, this proved tedious. Wikipedia began as a feature of Nupedia. Nupedia was encumbered by its peer-review system, [28] [29] a seven-step process [90] [98] of review and copyediting, [11] and Wikipedia grew at a faster rate. Bomis originally planned to make Wikipedia profitable, [] providing staffing and hardware for its initial structure; [35] Wikipedia would not have survived without this early support. As the cost of Wikipedia rose with its popularity, Bomis' revenues declined as a result of the dot-com crash.

After Sanger's departure, Wikipedia was managed by Wales and a burgeoning online community; [87] although he thought advertising a possibility, the Wikipedia community was opposed to business development [16] [42] [] and Internet marketing was difficult at the end of By Wikipedia had grown to , articles in its English-language version, and it became difficult for Bomis to continue financially supporting the project.

In June Wikipedia was transferred to a nascent non-profit organization, the Wikimedia Foundation , [7] [12] which was formed as a charitable institution to supervise Wikipedia and its associated wiki-based sites; [] [] when the foundation was established, its staff began to solicit public funding [] and Bomis turned Wikipedia over to the non-profit.

Petersburg, Florida , [35] where Bomis was located. Petersburg Times he no longer controlled Bomis' day-to-day operations, but retained ownership as a shareholder. In , Wales made 18 changes to his Wikipedia biography, [25] [56] [] he removed references to Bomis Babes as softcore pornography and erotica , [25] and Larry Sanger as co-founder of Wikipedia.

Wikipedia policy warned users not to edit their own biography pages, [5] [41] with its rules on autobiographical editing quoting Wales: "It is a social faux pas to write about yourself. Wales called his actions fixing mistakes, [18] but after Cadenhead publicized the edits to his biography he expressed regret for his actions.

It's in poor taste. Bomis was called the "'Playboy' of the Internet" by The Atlantic , [42] and the sobriquet was adopted by other media outlets. The Chronicle of Philanthropy characterized Bomis as "an Internet marketing firm Futures contract In finance, a futures contract is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future, between parties not known to each other.

The asset transacted is a commodity or financial instrument; the predetermined price the parties agree to buy and sell the asset for is known as the forward price. The specified time in the future—which is when delivery and payment occur—is known as the delivery date; because it is a function of an underlying asset, a futures contract is a derivative product. Contracts are negotiated at futures exchanges, which act as a marketplace between buyers and sellers; the buyer of a contract is said to be long position holder, the selling party is said to be short position holder.

As both parties risk their counter-party walking away if the price goes against them, the contract may involve both parties lodging a margin of the value of the contract with a mutually trusted third party.

The first futures contracts were negotiated for agricultural commodities, futures contracts were negotiated for natural resources such as oil. Financial futures were introduced in , in recent decades, currency futures, interest rate futures and stock market index futures have played an large role in the overall futures markets; the original use of futures contracts was to mitigate the risk of price or exchange rate movements by allowing parties to fix prices or rates in advance for future transactions.

This could be advantageous when a party expects to receive payment in foreign currency in the future, wishes to guard against an unfavorable movement of the currency in the interval before payment is received. However, futures contracts offer opportunities for speculation in that a trader who predicts that the price of an asset will move in a particular direction can contract to buy or sell it in the future at a price which will yield a profit; the Dutch pioneered several financial instruments and helped lay the foundations of the modern financial system.

In Europe , formal futures markets appeared in the Dutch Republic during the 17th century. The Chicago Board of Trade listed the first-ever standardized'exchange traded' forward contracts in , which were called futures contracts; this contract was based on grain trading, started a trend that saw contracts created on a number of different commodities as well as a number of futures exchanges set up in countries around the world.

By cotton futures were being traded in Bombay in India and within a few years this had expanded to futures on edible oilseeds complex, raw jute and jute goods and bullion ; the creation of the International Monetary Market , the world's first financial futures exchange, launched currency futures.

In , the IMM added interest rate futures on US treasury bills , in they added stock market index futures. Although futures contracts are oriented towards a future time point, their main purpose is to mitigate the risk of default by either party in the intervening period. In this vein, the futures exchange requires both parties to put up initial cash, or a performance bond, known as the margin.

Margins, sometimes set as a percentage of the value of the futures contract, must be maintained throughout the life of the contract to guarantee the agreement, as over this time the price of the contract can vary as a function of supply and demand, causing one side of the exchange to lose money at the expense of the other. To mitigate the risk of default, the product is marked to market on a daily basis where the difference between the initial agreed-upon price and the actual daily futures price is re-evaluated daily; this is sometimes known as the variation margin, where the futures exchange will draw money out of the losing party's margin account and put it into that of the other party, ensuring the correct loss or profit is reflected daily.

If the margin account goes below a certain value set by the exchange a margin call is made and the account owner must replenish the margin account. This process is known as marking to market, thus on the delivery date, the amount exchanged is not the specified price on the contract but the spot value.

Upon marketing, the strike price is reached and creates lots of income for the "caller. Unlike use of the term margin in equities , this performance bond is not a partial payment used to purchase a security, but a good-faith deposit held to cover the day-to-day obligations of maintaining the position.

To minimize counterparty risk to traders, trades executed on regulated futures exchanges are guaranteed by a clearing house; the clearing house becomes the buyer to each seller, the seller to each buyer, so that in the event of a counterparty default the clearer assumes the risk of loss.

This enables traders to transact without performing due diligence on their counterparty. Margin requirements are waived or reduced in some cases for hedgers who have physical ownership of the covered commodity or spread traders who hav. The Atlantic The Atlantic is an American magazine and multi-platform publisher. Founded in as The Atlantic Monthly in Boston, Massachusetts , it was a literary and cultural commentary magazine that published leading writers' commentary on abolition and other major issues in contemporary political affairs, its founders included Francis H.

James Russell Lowell was its first editor, it was known for publishing literary pieces by leading writers. After financial hardship and ownership changes in the late 20th century, the magazine was purchased by businessman David G. Bradley , he refashioned it as a general editorial magazine aimed at a target audience of serious national readers and "thought leaders.

Its website, TheAtlantic. The Atlantic's president is Bob Cohn ; the magazine, subscribed to by over , readers, publishes ten times a year.

The Atlantic features articles in the fields of politics, foreign affairs and the economy and the arts and science. On January 22, , TheAtlantic. In it created its Video Channel. Created as an aggregator, The Atlantic's Video component, Atlantic Studios , has since evolved in an in-house production studio that creates custom video series and original documentaries.

In , TheAtlantic. A leading literary magazine, The Atlantic has published many significant authors. Eliot's "The New Education", a call for practical reform, that led to his appointment to presidency of Harvard University in For example, Emily Dickinson , after reading an article in The Atlantic by Thomas Wentworth Higginson , asked him to become her mentor. In , the magazine won a National Magazine Award for fiction; the magazine published many of the works of Mark Twain , including one, lost until Editors have recognized major cultural movements.

For example, of the emerging writers of the s, Ernest Hemingway had his short story " Fifty Grand " published in the July edition. In the midst of civil rights activism in the 20th century, the magazine published Martin Luther King, Jr. The magazine has published speculative articles. Its published book included Drums Along the Blue Highways ; the press was sold in In addition to publishing notable fiction and poetry, The Atlantic has emerged in the 21st century as an influential platform for longform storytelling and newsmaker interviews.

In , Jeffrey Goldberg's " Obama Doctrine " was discussed by American media and prompted response by many world leaders; as of , writers and frequent contributors to the print magazine include James F. Philosophy Philosophy is the study of general and fundamental questions about existence, values, reason and language.

Such questions are posed as problems to be studied or resolved; the term was coined by Pythagoras. Philosophical methods include questioning, critical discussion, rational argument, systematic presentation.

Classic philosophical questions include: Is it possible to know anything and to prove it? What is most real? Philosophers pose more practical and concrete questions such as: Is there a best way to live? Is it better to be just or unjust? Do humans have free will?

From the time of Ancient Greek philosopher Aristotle to the 19th century, "natural philosophy" encompassed astronomy and physics. For example, Newton's Mathematical Principles of Natural Philosophy became classified as a book of physics. In the 19th century, the growth of modern research universities led academic philosophy and other disciplines to professionalize and specialize.

In the modern era, some investigations that were traditionally part of philosophy became separate academic disciplines, including psychology , sociology and economics. Other investigations related to art, politics, or other pursuits remained part of philosophy. For example, is beauty objective or subjective?

Are there many scientific methods or just one? Is political utopia a hopeful dream or hopeless fantasy? Major sub-fields of academic philosophy include metaphysics , ethics, political philosophy and philosophy of science. Traditionally, the term "philosophy" referred to any body of knowledge. In this sense, philosophy is related to religion, natural science and politics.

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Bomis - WikiVisually

We all know it, Wikipedia is our saviour. Without the largest encyclopedia available for free on the internet, god knows how many projects might have been unfinished and how many assignments never submitted.

Yes, that is true. Jimmy Wales launched a web portal called Bomis. While Wales claims that the 'Adult Audience' contributed only about 10 percent of Bomis's revenue, that looks doubtful because the Bomis wikipedia page says that 99 percent of search on the site were for nude women. Apart from the 'Bomis Babe Report', the site also had a paid subscription model. Bomis also created a search engine called the Babe Engine.

It heloed users find erotic matrial online. Turns out, later in his life, Jimmy Wales clearly wanted to erase his past. In , Jimmy Wales made 18 changes to his Wikpedia page, removing all references to 'Bomis Babes', 'softcore pornography' and erotica.

This was despite the Wikipedia policies asking users not to edit their own biography pages. These policies, written by Wales himself, included the quote, "It is a social faux pas to write about yourself. But here's something you didn't know about Wikipedia: The website was first funded with money that its founder, Jimmy Wales, earned through his previous site, which relied heavily on soft porn for its revenues.

We know Jimmy, the Internet is an unforgiving place! Loading comments Top Picks For You.

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