...Imitation: His placement in that seat is so constant that it is clear to us he is addicted to it. He must leave the dining room. He must shut down his computer. He must connect with those around him. It is only interaction with his us, his roommates, that will save him. It is only us that socialize with him whenever. And it is us that will sustain him through conversation as college and job interviews increasingly dominate his future. I knew quickly that I was going to choose from this reading for my imitation because of the strong language, ideas, and examples that the author uses throughout the article. The author, Chris Hedges, quickly escalates from NASCAR to Nazi Germany in a few short pages. More specifically, in the passage that...
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...Chris Hedges. “The Future of Global Capitalism”. The Munk Debates. May 22, 2015. In this interview, Chris Hedges is discussing the future for global capitalism, as he sees it. As he sees it, global capitalism is failing to engage the imaginations of the poor, and working class people because it continues to fail at helping them. The ideas of trickledown economics are just so contrary to the reality, that a small group of elites has been able to concentrate huge amounts of wealth, that people have had enough. Movements like Occupy Wall Street and Black Lives Matter are a response to this. As the state moves further away from the social welfare, people are pushed to take radical stances. Hedges predicts that if corporate power continues to dominate political institutions, and continues to...
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...English 1520 16 May 2013 American Education In the article “American the Illiterate” by Chris Hedges he argues about the growing concern on the American people. In the argument he states that Americans everyday are less and less dependent on their ability to read and write. He explains how society over all is more dependent on image based information. In his first couple of paragraphs he describes this growing epidemic. How literacy affects us as a country and as a nation over all. He brings evidence and proof about his argument from various different creditable sources. He explains that illiteracy is such a minor priority to most Americans that doing things like their taxes or electing a new president doesn’t require them to be experts in illiteracy. Bringing in emotional story and a good slogan with words like pro-life, hope, maverick, war on terror. The American people are easily manipulated and are reeled in to the fight between truth and lies. He explains that America is so blind when it comes to signing a contract, policy agreement, or a legal document. Most if not all the time they barley even start reading. It’s hard to admit but at the end even I agree with Hedges logic. Every time I download a new software or log into my bank account never have I set there and read the agreement start to end. Just the other day I was reading the fine print in my insurance contract and I was amazed at some of the things that we assume are covered like roadside assistance. I always...
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...After watching the assigned video, I found Mr. Hedges to be very thought provoking in his deliverance that the well sought after American dream is ending. Chris Hedges’ stance is that our county has transformed into a corporate America and governs its own citizens through a prominent illusion. Although his point of views came across as negative, his predictions are likely inevitable. In the beginning of Allan Gregg’s interview, Hedges uses television and wrestling as an example of how the storylines serve as reflections on the outlook of our society, and exposes how it feeds our fascination for spectacle. We crave the shallow and materialistic aspects of these types of tv programs. Perhaps the most vulnerable are the youths of today. For example, I have younger siblings who are practically glued to the television screen every time these programs are on, enticed in the drama and action with no realization that they are often scripted. Reality television is also another example of how badly our culture is detached from “reality”. These shows have been around for quite some time but only seem to be popular in the recent years. Our generation has come to believe that fame is the ultimate achievement that one can accomplish. Instead of living their lives people are more concerned with the every day drama of another person. With shows like the ‘Bachelor’, we can watch clingy women sob their way off the show, after being rejected by a guy they’ve not even spent an hour with. As a...
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...issues of the decision situation at hand. Then put together your analysis and recommendations in the form of a group report. Support your report with sensible financial analysis. Please make sure that the report: 1. is at most 3 pages long, plus 2 pages for any exhibits, and 2. contains names of all members of your group. You can focus on the following questions (in no particular order): 1. Describe how does risk arbitrage work? What are the risks and opportunities associated with this strategy? 2. Green Circle shorted 312,000 shares of Abbot and longed 260,000 Alza shares. How did they determine the appropriate relative position sizes? What can you say about the potential returns and expected returns on investment? 3. Why would you expect positive excess returns from a risk arbitrage strategy? Why wouldn't market efficiency prevent such profit from persisting? Do you believe the strategy will be profitable in the long run? 4. How could the put option discussed at the end of the case potentially help Smith? Does the put increase or decrease the risk of the position? Does it increase or decrease the expected return? 5. As Chris Smith, would you close the position, invest more, or hold on? If you kept the position open, would you use options to hedge? In your report, please do not answer these questions one by one. Instead, use them as ways to prime your own analysis. You may then organize your report in whichever way you see fit...
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...Curriculum Source References The following references were used in the CFA Institute-produced publications Quantitative Methods for Investment Analysis, Analysis of Equity Investments: Valuation, and Managing Investment Portfolios: A Dynamic Process. Ackerman, Carl, Richard McEnally, and David Ravenscraft. 1999. “The Performance of Hedge Funds: Risk, Return, and Incentives.” Journal of Finance. Vol. 54, No. 3: 833–874. ACLI Survey. 2003. The American Council of Life Insurers. Agarwal, Vikas and Narayan Naik. 2000. “Performance Evaluation of Hedge Funds with OptionBased and Buy-and-Hold Strategies.” Working Paper, London Business School. Ali, Paul Usman and Martin Gold. 2002. “An Appraisal of Socially Responsible Investments and Implications for Trustees and Other Investment Fiduciaries.” Working Paper, University of Melbourne. Almgren, Robert and Neil Chriss. 2000/2001. “Optimal Execution of Portfolio Transactions.” Journal of Risk. Vol. 3: 5–39. Altman, Edward I. 1968. “Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy.” Journal of Finance. Vol. 23: 589–699. Altman, Edward I. and Vellore M. Kishore. 1996. “Almost Everything You Wanted to Know about Recoveries on Defaulted Bonds.” Financial Analysts Journal. Vol. 52, No. 6: 57−63. Altman, Edward I., R. Haldeman, and P. Narayanan. 1977. “Zeta Analysis: A New Model to Identify Bankruptcy Risk of Corporations.” Journal of Banking and Finance. Vol. 1: 29−54. Ambachtsheer, Keith, Ronald Capelle, and...
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...Jay Soss 1/23/12 IBUS-301 Professor Harasamophaka Bavarian Motor Works (BMW): An Analysis on its Success as a Multinational Enterprise Introduction BMW Group manufactures products under three brands: BMW, MINI and Rolls-Royce Motor Cars. BMW is a Multinational Enterprise that has been manufacturing and marketing luxury products for about a century. The company is currently the largest premium car maker in the world, followed closely by Mercedes-Benz and Audi. Their headquarters are located in Munich, Germany, and the building itself is also a well-designed masterpiece allowing visitors a glimpse inside the techniques utilized to keep BMW a true competitor on the global scale. This Multinational Enterprise is made up of twenty three production and assembly plants in thirteen countries, forty one sales subsidiaries all over the world, and ten locations in the Research & Development network in five countries. According to the company's current annual filing, it had FYE 12/31/2011 revenue of $90.9 billion and employs one hundred thousand and three hundred and six people (Bayerische). These values ensure its positions as one of the ten largest cars manufactures in the world. Bavarian Motor Works has been able to sustain its position as a successful Multinational Enterprise by adapting to the changing global marketplace through adopting environmentally friendly policies, smarter spending, relevant marketing and partnering with other automobile companies to continuously strengthen...
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...Overview “Violence is a disease, a disease that corrupts all who use it regardless of the cause.” These are the wise words of renowned author Chris Hedges. In today’s society, this proverbial disease has spread and has come to plague one demographic in particular: teenagers. It appears that incidents of teenage violence are always swarming the media and dominating news coverage which has led to psychologists and sociologists desperately trying to find the source of this aggression. However, even in this epidemic of violence amongst adolescents, there is one social organization in which acts of violence are not just tolerated, but glorified and encouraged as well; the world of contact sports. Could participation in contact sports be a major contributing factor in the widespread occurrence of teen violence? This study focuses on the correlation between teenagers’ involvement in contact sports, and their development of violent tendencies, and it will help reveal whether there is a correlation at all between the two, and if so to what degree. Specifically, it will explain if, through the acceptance of violent acts performed in sports, a teenager is desensitized to violence and assumes those same acts are tolerated outside of the sports environment. It will also tap into the closely related matter of whether the glorification of these violent acts in sports, subconsciously teaches teenagers that violence is a good thing even outside of the sports environment. Finally, it will...
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...Dr. Mary Conway Dato-on Office: Bush Exec. Center 301 Class Time: TUE 6:30 - 9:30 PM Classroom: Crummer 107 Phone: 407-646-2514 E-mail: mconwaydatoon@rollins.edu You are encouraged to contact me whenever you have a question on any aspect of the class. You may contact me at any time throughout the semester. I am available basically when you need to meet. Sending an email may be the quickest way to reach me. Course Description This course will focus on the strategy and tactics needed for success in the international business environment. Strategic analysis will include the study of the economic, social, political, technological, and environmental settings of international business via text readings and case studies. Tactics will include completing a country-focused Political-Economic-Social-Technological (PEST) analysis and a company-focused Strengths-Weaknesses-Opportunities-Threats (SWOT) analysis. These skills will then be applied to a simulation in which teams develop strategies for selecting countries for market expansion and development. Required Texts 1. Global Business Today (6th Edition), Charles W. Hill (McGraw Hill, 2009) ISBN: 007338139x. 2. FOUR (4) Case studies ARE REQUIRED and available to download from Harvard Business School Press, Ref. Number: http://harvardbusinessonline.hbsp.harvard.edu/relay.jhtml?name=cp&c=c22021. You will need to register first and use a credit card to download the cases. It is not permissible to photocopy another...
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...2016 FRM Exam Study Guide ® The designation recognized by risk management professionals worldwide 2016 Financial Risk Manager (FRM®) Exam Study Guide TOPIC OUTLINE, READINGS, able to deal with them effectively. As TEST WEIGHTINGS such, the Exams are comprehensive in The Study Guide sets forth primary nature, testing a candidate on a number topics and subtopics covered in the FRM of risk management concepts and Exam Part I and Part II. The topics were approaches. selected by the FRM Committee as ones that risk managers who work in practice today have to master. The topics and READINGS Questions for the FRM Exams are related their respective weightings are reviewed to and supported by the readings listed yearly to ensure the Exams are timely under each topic outline. These readings and relevant. The study Guide also were selected by the FRM Committee contains a full listing of all the readings to assist candidates in their review of that are recommended as preparation the subjects covered by the Exams. It is for the FRM Exam Part I and Part II. strongly suggested that candidates review Key concepts (knowledge points) these readings in depth prior to sitting for appear as bullet points at the beginning each exam. All of the readings listed in the of each section and are intended to help FRM Study guide are available through candidates identify the major themes GARP. Further...
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...Fear of the Unknown Taking any kind of a risk is a gamble. They have the potential to lead to a harmful or dangerous outcome, yet can still provide the opportunity for an outcome that can perceived as positive. The essay, “Into the Wild” by Jon Krakauer is his account of Chris McCandless’ search for himself through taking a risk and inhabiting the Alaskan wilderness. Through his lack of survival skills, it is evident that McCandless is a person who likes to take part of risky and dangerous behaviors. “Immune to Reality” by Daniel Gilbert is an analytical essay that revolves around the existence of the psychological immune system. This defense system proves to work as a mechanism that can create positive views out of a negative experience thus producing happiness to an individual. Through Gilbert’s analysis he discovers that people are usually not in favor of taking risks out of fear of feeling regret. However he proves how the psychological immune system can turn a negative consequence of taking a risk into a more pleasant and bearable one. The essay “Another Look Back, And A Look Ahead” by Edward Tenner is an insightful discussion about how people often miscalculate the way technologies will work in the future and to what extent they are useful. People may find themselves getting an unexpected outcome of some new technology which can lead to dangerous risks in the future. People take risks because they want to attain happiness however in the process of this, sometimes people’s...
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...Better energy MERIDIAN ENERGY LIMITED ANNUAL REPORT 2014 for the year ended 30 June 2014 02 ny C omp a e r v iew ov 04 from Re p o r t ir an d o u r C h a ut ive E xe c C hie f The nu 50 mbers 6.7 % 13.01 Total dividend in FY2014 EBITDAF 1 ahead of prospectus CENTS PER SHARE $ 24 . 3% higher than forecast in the prospectus, including a 2 .00cps special dividend. Invested in communities and environmental projects 3.5M 2 New wind farms generating electricity Delivering on our commitment to shareholders In our first full-year results after partially listing on the New Zealand and Australian stock exchanges in October 2013, we have achieved solid results for shareholders. EBITDAF 1 , a key indicator of profitability, has exceeded the prospectus forecast by $36.9 million (6.7%). We have also delivered a higher-thanforecast full-year cash dividend for our shareholders, resulting in a 21.8% total shareholder return 2 to 30 June 2014 . 2014 highlights FRONT COVER Jeremy Takao, Russell School, Porirua, helping to celebrate first power at Meridian’s new Mill Creek wind farm near Wellington in May 2014. Meridian Energy Limited Annual Report for the year ended 30 June 2014 IN THIS REPORT 2 4 8 10 12 18 22 26 Company overview Report from our Chair and Chief Executive Our Board Our executive team Customers Generation Environment Community 30 People 34 Summary of Group performance 40 Directors’ statement 35.3 % Average...
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...point, the writing is on the wall: nothing can be taken for granted. No assurances or promises or proclamations will hold. MiSSioN ACCoMPLiCe... Posted by: williambanzai7 Post date: 01/15/2015 - 16:06 Je Suis _________ User login Username: * Home "It's Carnage" - Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hedge Funds Crushed Submitted by Tyler Durden on 01/15/2015 06:07 -0500 Search Password: * C reate new account Request new password Log in Bank of England Soros LIBOR National Bank Bond Crude Equity Markets None Reuters Twitter Fail France George Swiss Monetary Policy Switzerland Swiss Franc Twitter Volatility Tw eet 489 Like 382 Share 143 31 "As if millions of macro hedge funds suddenly cried out in terror and were suddenly silenced" Over two decades ago, George Soros took on the Bank of England, and won. Just before lunch local time, the Swiss National Audio Commentary From RanSquawk: open in browser PRO version Are you a developer? Try out the HTML to PDF API pdfcrowd.com Bank took on virtually every single macro hedge fund, the vast majority of which were short the Swiss Franc and crushed them, when it announced, first, that it would go further into NIRP, pushing its interest rate on deposit balances even more negative from -0.25% to -0.75%, a move which in itself would have been unprecedented and, second, announcing that the 1.20 EURCHF floor it had instituted...
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...point, the writing is on the wall: nothing can be taken for granted. No assurances or promises or proclamations will hold. MiSSioN ACCoMPLiCe... Posted by: williambanzai7 Post date: 01/15/2015 - 16:06 Je Suis _________ User login Username: * Home "It's Carnage" - Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hedge Funds Crushed Submitted by Tyler Durden on 01/15/2015 06:07 -0500 Search Password: * C reate new account Request new password Log in Bank of England Soros LIBOR National Bank Bond Crude Equity Markets None Reuters Twitter Fail France George Swiss Monetary Policy Switzerland Swiss Franc Twitter Volatility Tw eet 489 Like 382 Share 143 31 "As if millions of macro hedge funds suddenly cried out in terror and were suddenly silenced" Over two decades ago, George Soros took on the Bank of England, and won. Just before lunch local time, the Swiss National Audio Commentary From RanSquawk: open in browser PRO version Are you a developer? Try out the HTML to PDF API pdfcrowd.com Bank took on virtually every single macro hedge fund, the vast majority of which were short the Swiss Franc and crushed them, when it announced, first, that it would go further into NIRP, pushing its interest rate on deposit balances even more negative from -0.25% to -0.75%, a move which in itself would have been unprecedented and, second, announcing that the 1.20 EURCHF floor it had instituted...
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...JARAF The Journal of applied research in accounTing and finance V O L U M E 3 , i s s U E 1 , 2 0 0 8 Old Wine in New Bottles: Subprime Mortgage Crisis – Causes and Consequences Michael Mah-Hui Lim Information Lost: A Descriptive Analysis of IFRS Firms’ 20-F Reconciliations Marlene Plumlee and R. David Plumlee Negative Goodwill: Issues of Financial Reporting and Analysis Under Current and Proposed Guidelines Eugene E. Comiskey and Charles W. Mulford Electronic copy available at: http://ssrn.com/abstract=1263280 JARAF The Journal of applied research in accounTing and finance Publication Information JARAF - The Journal of Applied Research in Accounting and Finance is a scholarly peerreviewed journal jointly published by The Centre for Managerial Finance at Macquarie Graduate School of Management and the Faculty of Economics and Business at The University of Sydney. All journal articles published in JARAF are subjected to double-blind peer-reviews by qualified international experts. Months of Distribution: July – December Current Edition: Volume 3, Issue 1 (2008) ISSN 1834-2582 (Print) ISSN 1834-2590 (Online) Editors Tyrone M. Carlin Professor of Financial Reporting & Regulation Faculty of Economics and Business The University of Sydney NSW 2006 Australia Nigel Finch Director, Centre for Managerial Finance Macquarie Graduate School of Management Macquarie University NSW 2109 Australia Editorial Advisory Board Edward I. Altman Max L. Heine Professor...
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