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Business Contributes to Top Household Words of 2010

Sandwiched between "guido" and "Snowmaggedden" (also spelled "snowmaggeddon") on Global Language Monitor’s “Top Words of 2010” list is an off-putting business term that seeped its way into the daily dialogue of English-speaking nations: "deficit."

Even more business lingo trickled into conversations, as reflected by the selection of "The Great Recession" and "ambush marketing" among GLM's “Top Phrases of 2010” —  both listed ahead of "man up," "Lady Gaga" and "Obamamania."

Global Language Monitor listed "deficit" as the No. 6 word and described it as “a growing and possibly intractable problem for the economies of most of the developed world.”

Reginald Heard, president of finance firm Bankers One Capital and board member of the International Franchise Association, weighed in on why "deficit" became a household word this year across the world.

“The United States’ ballooning deficits and government debt levels are directly impacting the global economies and world commerce,” Heard told BusinessNewsDaily. “Major concerns are on the U.S. reliance and the ongoing financing of government debt, along with geopolitical-risk China.”

For the No. 6 phrase, GLM chose "ambush marketing" – “cashing in at an event by taking on the appearance of a sponsor of the event.” GLM said people displayed this tactic at the Winter Olympics in Vancouver and South Africa’s World Cup.

GLM picked "The Great Recession" — a “media term frequently used to describe the ongoing global economic restructuring” — for the No. 3 phrase.

Heard said, “The Great Recession had tremendous impact on global economies and really demonstrated how fragilely connected are our world financial markets.”

The folks at GLM selected the following words, phrases and people for their top 10 lists, which were released Nov. 14.

Top Words of 2010

  1. Spillcam
  2. Vuvuzela
  3. The Narrative
  4. Refudiate
  5. Guido and guidette
  6. Deficit
  7. Snowmaggedden and Snowpocalypse
  8. 3-D
  9. Shellacking
  10. Simplexity

Top Phrases of 2010

  1. Anger and rage
  2. Climate change
  3. The Great Recession
  4. Teachable moment
  5. Tea Party
  6. Ambush marketing
  7. Lady Gaga
  8. Man up
  9. Pass the bill to be able to see what’s in it
  10. Obamamania

Top People of 2010

  1. Hu Jintao
  2. iPad
  3. Barack Obama
  4. Chilean coal miners
  5. Eyjafjallajoekull
  6. Nancy Pelosi
  7. Nicolas Paul Stéphane Sarközy de Nagy-Bocsa
  8. Tea Party
  9. Jersey Shore
  10. David Cameron and Nick Clegg

Descriptions of each word, phrase and person can be found on GLM’s website.

Reach BusinessNewsDaily staff writer Brian Anthony Hernandez at Bhernandez@TechMediaNetwork.com. Follow him on Twitter (@BAHjournalist) and become his friend on Facebook (BAH Journalist) to interact or stay updated on news about small businesses.