...finding external "value-added investors" with the sterling capability to build better businesses not only financially but mainly operationally. They believed this strategy led to enhancing returns independently of the market downturns. Thus, a limited number of long-standing partnerships were created - exclusively with partners aligned with the generalized investment policies of the Investment Office - with "over 90% of the portfolio invested in highly prestigious funds sponsored by the general partners of the university's group". Yale sought for compensation to be as linked as possible with investment performance rather than based in high fixed fees. With this strategy they intended for private equity funds managers' to be more motivated and to align its objectives with theirs. On the other side equity firms were given a considerable amount of flexibility on their investment decisions. The control was done mainly in the selection stage where Yale guaranteed that its and the firms' objectives were as aligned as possible and so almost no deals were performed with large financial institutions, avoiding "conflicts of interests and lack of incentives". The Investment Office portfolio is constituted by 4 main "categories" of assets: marketable securities, private equity (both domestic and international), real assets and absolute-return strategies. Unlike private equity management, marketable securities, specifically bonds, were dealt internally. The reason for that was Swensen...
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...(both domestic and foreign) has been higher than other class assets. From 2000- onwards, allocation to other asset class such as private equity, real assets, and absolute return starting to rise and dominate the asset portfolio. By 2010, the weight of real assets (27.5%), private equity (30.3%), and absolute return (21%) individually are higher than the weight of both equities combined (16.9%). This is not exactly in line with their philosophy focusing on equities. Yale’s second philosophy is diversification to reduce risk by limiting exposure to any single class. This is reflected in their asset allocation over the years. In Exhibit 1, Yale has been consistently investing in 6 asset classes: domestic equity, foreign equity, bonds, cash, real assets, private equity, and absolute return. While the weight of these asset class changes over time, Yale maintain their philosophy and still invest in all of these class. They change the weight in a particular class if they feel that market misvalued a particular class and therefore opportunity for further gain. Yale’s third...
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...time seem to have increased due to a proper communication channel that have been realized due to the rapid speed in which technology has changed. In many countries, globalization has affected the economy in different ways. While talking about the effects globalization has had on the economy of different countries, one has to look at both the positive and the negative effects. For instance, due to globalization, large organizations are able to invest their money in different countries around the world. This has led to job creations (Berch, 2005). This means that, through globalization, opportunities of job creation have risen. This is a positive effect that globalization has had on the economy (Joseph, 2006). However, as much as this is the case, globalization has also had a negative effect on the economy. Because of globalization, big organizations have been able to extend their reach among many different parts of the world. This...
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...Been Carson is a man of determination, a man of Dreams! Ben Came from a poor family living in detroit but his mother was an inspiration to not let his status hold him back from his dreams. Benjamin Carson was born sept. 18, 1951 to Sonya and Robert Carson. He was their second son. His mother dropped out of school in 3rd grade. Robert was a baptist minister. At the age of 8 years old Ben’s dad left them for another family, even though at the time 1959 Ben and his brother Curtis, age 10 were not told the exact reason as to why their dad left. This left Ben hurting tremendously as he loved his dad. For weeks Been would question his mother about the situation and he would pray that God help his parents get back together. Eventually he came to realize they could make it without him. “But dad never came home again. As the days and weeks passed, I learned we could get by without him. We were poorer than, and I could tell mother worried, although she didn’t say much to Curtis or me” (Curtis, Ben). After his dad left for good the family was even poorer than before. Sonja would try to get child support from Robert but he would never provide enough and would only give some money for a month or two after court and then he would stop again. In spite of the financial struggles they faced, the boys always had something to eat and a roof over their head. Their mother, Sonja had to work multiple jobs, one right after the other in order to be able to support the 3 of them. This resulted in having...
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...The first of these factors being violence. Although Capone was not a violent man, he was still a mobster which meant that on the occasion, he would have to display violence. He first displays violence when he was working as a bartender for Yale and he got into the knife fight that gave him the nickname “Scarface” as he was slashed three times. The next display of violence was when he committed his first murder and although this also tied into his love for family, it was still a display of violence. After moving to Chicago and taking over the mob from Torrio, Capone wanted to move his operation to Cicero and as mentioned before, Capone and his brother infiltrated the government in that town. However, Capone also kidnapped his opponents’ election workers and threatened voters with violence. The next and most significant act of violence was the St.Valentine’s day massacre which was the ordered murder of seven Irish gang members. The St.Valentine’s day massacre is one of the largest...
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...Agenda-setting Weaver D H, Graber D, McCombs M, Eyal C 1981 Media Agenda Setting in a Presidential Election: Issues, Images and Interest. Praeger, New York M. McCombs Agendas: Political The political agenda is the set of issues that are the subject of decision making and debate within a given political system at any one time. Significant research specifically on the topic of agenda setting, as opposed to decision making, dates mostly from the 1960s. Early studies of agenda setting were quite controversial because they were often presented as critiques of the pluralist studies of the 1950s and 1960s. Truman (1951) mostly ignored the issue of who set the agenda of political debate. Dahl (1956) discusses the matter in mentioning that ensuring that no group have control over the range of alternatives discussed within the political system is a requisite for democracy. In his study of New Haven he explicitly raises the question of agenda setting, noting that with a permeable political system virtually all significant issues would likely come to the attention of the elites. ‘Because of the ease with which the political stratum can be penetrated, whenever dissatisfaction builds up in some segment of the electorate party politicians will probably learn of the discontent and calculate whether it might be converted into a political issue with an electoral pay-off’ (Dahl 1961, p. 93). In Dahl’s view, then, any issue with a significant potential following in the public would likely find...
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...been thirty years since the strikes happened at Yale University for women and for the working class. Women and minority were customarily undervalued throughout the years at Yale University and his created major problem between the workers and the university. Local 34 The Federation of University Employee was offered a salary increase of 24 % by the college, but refused because of the insufficiency. The college claim that is what they can afford, because other areas within the community along with the stability of financial aid will keep tuitions as low as possible. Out of the 2,500 employees that worked at the college 1,600 decide to stand up for their rights and strike. Local 35 who is a sister company to local 34 decide to join even though numerous threats was made against them from the university. The clerical and technical labors...
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...On the morning of September 8, 2009, security cameras showed Annie Le, a doctoral student in the Yale School of Medicine’s Department of Pharmacology, entering the campus building in which she worked as an animal researcher. When Le failed to return home that evening, her roommates reported her missing to local police. Because security footage didn’t show Le leaving the building, authorities immediately closed it off, and Le’s body was found five days later, hidden inside a wall in a basement laboratory. She had been strangled. It was September 13 – the day on which Le, 24, was to be married. On September 17, police arrested Raymond Clark III, also 24, a lab technician who’d been working in the building on the day that Le disappeared. As of this writing, neither Clark nor the police have indicated any motive, but New Haven police chief James Lewis is on record as saying, “This is not about urban crime, university crime, [or] domestic crime, but an issue of workplace violence, which is becoming a growing concern around the country.” How much concern? In 2007, the last year for which there is reliable data, there were more than 5,600 work-related deaths in the United States. Of these, 864, or 15 percent, were due to assaults or other violent acts; homicides accounted for 628 deaths, or 11 percent of the total, with murder passing “Contact with objects and equipment” to take over the number-two spot in cause of workplace deaths (“Transportation incidents” remains number one)....
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...Childhood As a teen Jack Dorsey loved computers and spent a lot of his studying the first versions of IBM. He wanted to draw a live map of New York City that would display ive moving dots that represented things like ambulances, taxis etc,. Jack Dorsey love for the city came from all the travel he got to do throughout his life because of his father’s job. Throughout Jack Dorsey’s childhood he was thought of as a quiet boy, because of his stutter, which made him keep to himself. But after he gave up his medication, and forced himself to participate in different oratory competitions that improved his speech. He was saw as a normal student that loved things normal students did, but he had a passion for computers, and for cities that drove him...
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...Critical Research Paper “The Mocking of Crist” by Edouard Manet Natallia Kolas Oakton Community College (DP Campus) HUM 123 (6:30 class) 09/27/2011 Even before going to the Art Institute, I knew that I wanted to write about one of Manet’s paintings. I admire his passion to create beautiful art even if it meant going against “old school” standards and principles. “The Mocking of Crist ” really caught my eye because of artist’s unusual interpretation of a religious subject. I felt intrigued by the idea of a red bearded Crist looking bored and out of place. When it was first presented to the public, “The Mocking of Crist ” received tons of negative criticism for the artist’s painting techniques, his choice of lower-class people as models and, of course, his interpretation of Jesus Christ’s character. “The Mocking of Crist” was painted between 1864 and 1865 in France. It is a great example of the Realist movement in art. Manet’s original title for the painting was “Jesus Insulted by the Soldiers.” Clearly, Manet did not mean to represent the soldiers' behavior in the way that title implied. Recently, once again, its name was changed to “Jesus Mocked by Soldiers.” Some sources also refer to it as “Christ Scourged.” In the center, Christ, the brightest figure, is sitting in a chair surrounded by three other male figures, soldiers. This scene is also known as the mocking of the “king of the Jews” before the execution. In this painting, the...
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...them for just their performance is not setting a positive example. I find confusing that sometimes that college athlete doesn’t have a saying on if they should get paid for their performance, whether or not they’re good or bad. This issue is important to understand from all sides because it affects education, problems with payment, the university, the NCAA and the athletic department. Both sides care about the performance of college athletes, the education, but the approach of being a business opportunity really has both sides fighting. Paying college athletes has been around since the late 1800s. The concept of competition in college sports “dates back to what is considered to be the first intercollegiate competition between Harvard and Yale University” (Johnson, p 1). Up until the 1900s, college athletes were...
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...Sonya Carson Growing up in and out of foster homes, the world was not always kind to Ms. Carson. She had only achieved a third-grade education, and was married by the age of 13. After birthing her two sons, Benjamin and Curtis, Sonya had observed that her, once loyal and dedicated husband, was no longer the man she once knew. Collecting all her courage, she took her two sons, and moved away from the life she knew in Detroit to be with her sister in Boston. As a single mother, raising two boys, and working numerous jobs, Sonya had two choices; she could struggle, stress, and wonder how she was going to survive the next week, or she could ‘learn to do her best, and let God do the rest’. This became known as the phase that resembles the personality of Sonya Carson. She was not always dealt the best hand in life, but she always has a positive outlook on the future. Believing that if she tried her hardest to achieve what she could, God would lead her into success. She instilled this optimistic lifestyle on her two sons. She was determined that Curtis and Benjamin would have a better life than she did, but she also knew that they would have to work hard for it. Sonya raised her sons in a strict manner, only allowing two television programs each week. In addition, they were assigned to read two books from the library each week and submit a report to her on those books. They didn’t know until they were older, that their mother only had a reading level of a third-grader. She most...
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...academic success than students whose environments supported their health the least, the investigators found. However, the study did not prove a cause-and-effect relationship. The study, published online recently in the Journal of School Health, revealed health factors that were linked to improved test scores in the children, including the following: • Not having a television in the bedroom • Maintaining a healthy weight • Being physically fit • Having access to healthy foods • Rarely eating fast food • Not drinking sugary drinks, such as soda • Getting enough sleep "Many urban families sadly face the harsh challenges of persistent poverty," study lead author Jeannette Ickovics, a professor of epidemiology and psychology at Yale University, said in a Yale news release. "Health and social disparities, including academic achievement, are...
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...also had more job success after graduation than those who scored lower. Grit is defined by Dr. Duckworth as the combination of passion and perseverance. Passion is defined in the dictionary as "a powerful emotion" that when applied towards a career or endeavor, can keep a person motivated and moving forward. Perseverance is defined as "steady persistence in a course of action." That means the willingness to work hard in the face of adversity and to keep going despite setbacks. Although there are very intelligent people on the face of this earth, a good 65% of them have almost zero drive and end up getting bored with their positions and want to move on to something else. Like the good doctor was saying, saying that most of the IVY league, Yale students who are majoring in law, end up not wanting to be lawyers and since they have enough credits to be a doctor the students will decide that they want to pursue that for a degree. People that have no drive tend to wander the earth aimlessly, looking for that ONE thing that will satisfy their needs, when in all actuality, they will never be satisfied with what they are doing in life. To cultivate grit, it's also important to set meaningful goals for yourself and work to achieve them. Just make sure that your...
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...Massachusetts, studied at Yale, and became one of the Industrial Revolution's greatest inventors, all the while still having time for a family life. Born on December 8, 1765 in Westborough, Massachusetts. Eli Whitney was born into a farming lifestyle. His parents, Eli Whitney Sr. and Elizabeth Fay, led simple farming lifestyles. However, Eli had always been more inclined towards machinery and technology. He lived a nice life until his mother died when he was eleven and his father was forced to remarry. Eli went to school in Westborough, there he learned to read and write and also greatly advanced in mathematics....
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