...Business Case Christof Feichtinger Cafe de Guatemala Hedging Price Fluctuations of the Coffee Markets with the Help of Future Contracts Table of Contents 1. The Business Case - A Short Overview 1 2. About futures markets 1 2.1. Price risk 2 2.2. Volatility 2 2.3. Leverage 2 3. Organization of futures market 2 4. The New York Arabica Contract 2 4.1. Trading Hours, Quotations, Price Fluctuation Limits 2 4.2. Deliveries, Tenderable Growths and Differentials 2 4.3. Integrating Futures and Cash Markets: The eCops System 2 5. The Mechanics of Trading in Futures 2 6. Hedging against rising coffee prices 2 6.1. A Hedging Example 2 6.2. Suggestions for the Company 2 1. The Business Case - A Short Overview The company "Cafe de Guatemala" has so far concentrated on selling biological fair-trade coffee, which was bought from cooperations of little farmers in Guatemala. The pricing strategy is to pay an amount adequate for the underlying quality of coffee, which is commonly about three times higher than minimum fair-trade prices on the market. A new business field, which involves the buying of larger amounts of green coffee for roasters in Germany and Austria, requires a new pricing approach. A different strategy is necessary because these new customers do not always demand the high quality which was so far used for the own branded coffee of "Cafe de Guatemala". The payment will be oriented on "other milds"-index for Arabica coffees. This approach brings...
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...The Employers’ Confederation of the Philippines (Ecop) expressed their apprehension o employing this generation’s college graduates. Lack of analytical skills, work dedication and commitmentwere among the justifications for such criticism. This problem seemed to be supported by the reports ofPhilippine Statistics Authority (PSA) stating that educational attainments of the unemployed for the pasyears have been higher. Moreover, college graduates comprised around 14.5% of the unemployed basedon the Labor Force Survey done by PSA. The resolution of this phenomenon demands the examination and assessment of the education system that we have right now. It is unfair to simply blame the students for the totality of the problemWe have to consider...
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...In the second half of the 19th century neoclassical economists emerged as a revolt against the school of classical economic thought. Neoclassical economics sought to explain the maximisation of utility with an underlying theory of rational choice theory. In the post war period a movement occurred that sought to synthesis the macroeconomic, long run theories of John Maynard Keynes with the microeconomic, short-run theories of neoclassical economics. This essay will explore how John Hick’s ISLM synthesis of Keynes is related to the neoclassical growth model. In addition it will explore how both the growth model and theory of capital reproduce problems inherent in the explanation of multi-sector economies. The Keynesian revolution, one of the “most significant events in twentieth century economic science,” disputed society’s adherence to classical laissez-faire economics (Yaroufakis, Halevi, & Theocarakis, 2011). The unsubstantiated ability of the self-clearing markets to maintain equilibrium was challenged during the early twentieth century by John Maynard Keynes in his text The General Theory. Yet as the depression strengthened and the global economic climate changed, a group of economists emerged that ceased to be either anti- or pro-Keynesian. Known as the Neo-Keynesians, they incorporated the macroeconomic framework of Keynes’ theory for understanding short run aggregate issues while the neoclassical model remained relevant for long term microeconomic analysis of growth. With...
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...INTERCLEAN, INC Management ‘s Behavior HRM 531 Lynda Broomfield 11/7/2010 R InterClean, Inc. Memo To: First Level Managers From: Lynda Broomfield, Sales Manager Date: 8/6/2012 Re: Management’s behavior With the merger of EnviroTech I will like to discuss how we are going to face the upcoming challenges of making it a smooth transition. We all must be mindful of the impact our behavior will have on morale and the productivity of our employees. Our employees are the lifeblood of InterClean and as managers we are the heart that pumps that blood. Attitude is generally reciprocated. If you show enthusiasm and determination while implementing the changes it will inspire your employees to do the same. Showing sincere admiration for your staff and an interest in their well being will motivate them to work harder. It is more important than ever now that we create an environment of employee empowerment and have open communication. Employees need to know what is expected of them and how the company is going to help them achieve success. We need to discuss the changes with them and seek their input. We should discuss the impending training strategy and how it will affect them individually and collectively as a team. People work harder because of the increased involvement and commitment that comes from having more controlled and say in their work. They work smarter because they are encouraged to build skills and competence. They work more...
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...The following were presented to better understand the Philippines’ current situation and where we were forty years ago: 1. There has been no major change in inequality in 1985 to 2009. Philippines’ income distribution has not worsened but it has not improved as well. 2. The poverty situation went down but the improvement was due to changing the methodology in calculating its percentage. However, NSO data says that the poverty incidence is growing and yet our MDG is to reduce poverty by half in 2015. 3. Employment situation as per NSO says that only 2.8 million are unemployed however, the recent survey conducted by SWS says 11 million are unemployed. ECOP estimates a good 77% are employed in the informal economy while DOLE estimates are at 45%. 4. Philippines’ poverty, unemployment and underemployment may be worse had there been no OFW diaspora. It has been discussed as well the economic history of the Philippines, what happened and what went wrong. During the 1950’s the Philippines experienced rapid industrial transformation and was considered second to Japan in Asia. However, in today’s economic situation, we are considered as a straggler. A lot of neighboring countries emerged and left the Philippines behind. It was mentioned that corruption, damaged culture and colonial mentality, and closed-economy were theories of inflation on failure to develop. The truth maybe a bit of each theory. Starting from Marcos and the succeeding Presidents, their Medium-Term...
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...FUNDAMENTAL ANAYLYSIS OF ALLIANCE GLOBAL GROUP, INC. ____________________________________ Submitted to: Prof. Cruz ____________________________________ Submitted by: REMORIN, Dominique D. ____________________________________ March 2015 Table of Contents A. Economic Analysis * Philippines’ economic forecast……………………………………………………..1 B.Industry Analysis - Background - Porter’s Five Forces of Competitive Strategy C. Company Analysis - Company Background - Board of Directors - Low cost or Differentiation? - SWOT Analysis - Financial Statement D.Recommendation and Conclusion - Conclusions - Recommendations - Buy or do not buy? E. References Economic Analysis Philippines’ Economic Forecast In the Philippines, recovery in exports and expanded private consumption and investment generated gross domestic product (GDP) growth of 6.0% in the first half of 2014. Government expenditure decelerated sharply and public construction fell, partly reflecting cautious spending by government agencies amid concerns over the misuse of government funds.Slightly stronger economic growth is projected through the rest of this year and in 2015 on expectations that post-typhoon reconstruction accelerates, government fiscal disbursement improves, and exports benefit from brighter prospects in the major industrial...
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...E-GOVERNANCE INITIATIVES – INDIA “The Government would implement a comprehensive programme to accelerate egovernance at all levels of the Government to improve efficiency, transparency and accountability at the Government-Citizen Interface.” – Hon’ble Prime Minister’s Declaration on Independence Day - 15th August 2002. I ndia has been harnessing the benefits provided by the Information & Communication Technologies (ICT) to provide integrated governance, reach to the citizens faster, provide efficient services and citizen empowerment through access to information. The aim is to redefine governance in the ICT age to provide SMART GOVERNANCE. Several significant initiatives have been taken at the Centre and the State level in this direction. A t the Central level, the government has extensively promoted the use of IT in managing its internal processes and has drawn up a ‘Minimum Agenda of e- Governance’. Further Ministries / departments have provision of 2 to 3 percent of their annual budgets to be spent on IT related activities. The government has enacted IT Act 2000 which provides legal status to the information and transactions carried on the net. S everal State Governments have also taken various innovative steps to promote eGovernance and have drawn up a roadmap for IT implementation and delivery of services to the citizens on-line. The applications that have been implemented are targeted towards providing G2B, G2C and B2C services with emphasis on...
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...| Syllabus School of Business ECO/561 Version 7 Economics | Copyright © 2012, 2011, 2010, 2009, 2008 by University of Phoenix. All rights reserved. Course Description This course applies economic concepts to make management decisions. Students employ the concepts of scarce resources and opportunity costs to perform economic analysis. Other topics include supply and demand, profit maximization, market structure, macroeconomic measurement, money, trade, and foreign exchange. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. The discussion question points are now combined with the participation points for each week. You, as the instructor, may create a separate line item for discussion question points if you choose. Please note that some assignment points may have changed. Course Materials Ball, L. M. (2009). Money, banking, and financial markets. New York, NY: Worth Publishers. McConnell...
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...Wireless IP Solutions Enhancement Business Plan 2014 September 17 draft Rosemary Thorsen TBS Complex Mobile Solutions Content Market Problem and Opportunity Market Analysis Market & Product Strategy Product Requirements Project Schedule Business Advantages Success Criteria Risk Assessment Implementation & Launch Plans Financial Data 2 TELUS Confidential 2 Market Problem and Opportunity Wireless IP Solution Portfolio – Problem and Opportunity What was this portfolio designed for? capabilities - Originally designed to support CDMA Architecture 7 years ago - Built to implement 2 to 3 enterprise clients per month - Focused on modem market in the enterprise segment (C BAN Only) - Mostly in ILEC territories with MPLS network (in Canada) Where does this need to evolve to? - Support M2M & Non M2M (Smartphone) growth on LTE network and beyond - >500K+ loads annually and more in coming years - Across ENT, TBS and Partner segments for all devices (Modems, POS, Routers, Smartphones, Tablets, ATMs, Cars) - Across ILEC / Non ILEC territories (TELUS, Non TELUS, Internet) and even international connectivity 4 TELUS Confidential TELUS restricted and confidential– not for distribution 4 Mobile Business Drivers the courage to innovate TBS Segment • Provide controlled real-time access to business applications and systems for mobile workers in the business market Machine-to-Machine • Provide secure...
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...1. Companies Listed on KSE SYMBOL COMPANY 1 AABS AL-Abbas Sugur 2 AACIL Al-Abbas CementXR 3 AASM AL-Abid Silk 4 AASML Al-Asif Sugar 5 AATM Ali Asghar 6 ABL Allied Bank Limited 7 ABLTFC Allied Bank (TFC) 8 ABOT Abbott (Lab) 9 ABSON Abson Ind. 10 ACBL Askari Bank 11 ACBL-MAR ACBL-MAR 12 ACCM Accord Tex. 13 ACPL Attock Cement 14 ADAMS Adam SugarXD 15 ADMM Artistic Denim 16 ADOS Ados Pakistan 17 ADPP Adil Polyprop. 18 ADTM Adil Text. 19 AGIC Ask.Gen.Insurance 20 AGIL Agriautos Ind. 21 AGTL AL-Ghazi 22 AHL Arif Habib Limited 23 AHSL Arif Habib Sec. 24 AHSM Ahmed Spining 25 AHTM Ahmed Hassan 26 AIBL Asset Inv.Bank 27 AICL Adamjee Ins. 28 AJTM Al-Jadeed Tex 29 AKDCL AKD Capital Ltd 30 AKDITF AKD Index 31 AKGL AL-Khair Gadoon 32 ALFT Alif Tex. 33 ALICO American Life 34 ALNRS AL-Noor SugerXD 35 ALQT AL-Qadir Tex 36 ALTN Altern Energy 37 ALWIN Allwin Engin. 38 AMAT Amazai Tex. 39 AMFL Amin Fabrics 40 AMMF AL-Meezan Mutual 41 AMSL AL-Mal Sec. 42 AMZV AMZ Ventures 43 ANL Azgard Nine 44 ANLCPS Azg Con.P.8.95 Perc.XD 45 ANLNCPS AzgN.ConP.8.95 Perc.XD 46 ANLPS Azgard (Pref)XD 47 ANLTFC Azgard Nine(TFC) 48 ANNT Annoor Tex. 49 ANSS Ansari Sugar 50 APL Attock Petroleum 51 APOT Apollo Tex. 52 APXM Apex Fabrics 53 AQTM Al-Qaim Tex. 54 ARM Allied Rental Mod. 55 ARPAK Arpak Int. ...
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...Companies Awarded by Philippine Quality Awards San Miguel Yamamura Asia Corporation (SMYAC) - a joint venture company of San Miguel Corporation (SMC) and Nihon Yamamura Glass Co., Ltd. (NYG) - is the country's major manufacturer of glass bottles. Inaugurated in July 1991, it started commercial operations in July 1992. SMYAC designs and produces glass bottles for the food, beverage, spirit, and pharmaceutical industries - both for domestic and export consumption. Products are exported to the U.S.A., Southeast Asia, Australia, and Africa. The facility has the capability to produce glass bottles of different shapes, sizes, and colors. It is also capable of producing ultra-lightweight bottles called Glasslite and bottles with Applied Color Label (ACL) using heavy metal-free (HMF) paints. SMYAC's equipment are the most advanced in the Philippines as they are equipped with fully automated dust-free batch plant, an enclosed clean room, and state-of-the-art production and inspection machines from Europe, America, and Japan. In addition to this, SMYAC is equipped with an Electrostatic Precipitator (EP), an air pollution abatement system that performs the collection of combustion particles, which is recycled into minor raw materials used in glass production. For total quality and productivity management, SMYAC is one of the first companies in the Philippines to be certified in ISO 9000 by the Bureau of Product Standards (BPS) through its accreditation in December of 1992 - merely six...
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...|IPM Project Report | | | | | |Investment Portfolio Creation | |using | | | |Investment Philosophy – of Joel Greenblatt’s | |[pic] | | | | | | ...
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...Journal of Economic Perspectives—Volume 24, Number 1—Winter 2010—Pages 93–118 Did Fair-Value Accounting Contribute to the Financial Crisis? Christian Laux and Christian Leuz I n its pure form, fair-value accounting involves reporting assets and liabilities on the balance sheet at fair value and recognizing changes in fair value as gains and losses in the income statement. When market prices are used to determine fair value, fair-value accounting is also called mark-to-market accounting. Some critics argue that fair-value accounting exacerbated the severity of the 2008 financial crisis. The main allegations are that fair-value accounting contributes to excessive leverage in boom periods and leads to excessive write-downs in busts. The write-downs due to falling market prices deplete bank capital and set off a downward spiral, as banks are forced to sell assets at “fire sale” prices, which in turn can lead to contagion as prices from asset fire sales of one bank become relevant for other banks. These arguments are often taken at face value, but evidence on problems created by fair-value accounting is rarely provided. We discuss these arguments and examine descriptive and empirical evidence that sheds light on the role of fair-value accounting for U.S. banks in the crisis. While large losses can clearly cause problems for banks and other financial institutions, the relevant question for our article is whether reporting these losses under fair-value accounting...
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...Employee HANDBOOK PHILIPPINES Welcome to STARTEK Welcome Brand Warrior! Thank you for joining the STARTEK family. Our mission is to enable and empower you to successfully promote and defend our clients’ brands. Our focus is on ensuring that you are successful in your new position. You are now a Brand Warrior ready to empathize with your customers and fellow employees and take ownership to solve the customer’s issue. You have been hired because you have the determination, enthusiasm and passion for excellence. This handbook was developed to describe the expectations we have for our employees. It also outlines the policies, programs, and benefits available to eligible employees. I strongly encourage you to familiarize yourself with the contents of this employee handbook as soon as possible as it will answer many questions about employment with STARTEK. We are in the business of helping people through our interactions with them. We impact lives one conversation at a time every single day. Enjoy your experiences at STARTEK and know that all of us are here to help and be sure to have fun! Chad Carlson President & Chief Executive Officer Welcome to STARTEK Welcome Brand Warrior! I feel it’s a great honor to welcome to the STARTEK family our newest Brand Warriors. At STARTEK, being a Brand Warrior is an opportunity to make a difference. You’ll find the STARTEK team consists of talented individuals working together to create a winning team. The ONE TEAM ...
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...Edited by Kristen Walker Painemilla, Anthony B. Rylands, Alisa Woofter and Cassie Hughes Edited by Kristen Walker Painemilla, Anthony B. Rylands, Alisa Woofter and Cassie Hughes Conservation International 2011 Crystal Drive, Suite 500 Arlington, VA 22202 USA Tel: +1 703-341-2400 www.conservation.org Editors : Kristen Walker Painemilla, Anthony B. Rylands, Alisa Woofter and Cassie Hughes Cover design Paula K. Rylands, Conservation International : Layout: Kim Meek, Washington, DC Maps [except where noted otherwise] Kellee Koenig, Conservation International : Conservation International is a private, non-profit organization exempt from federal income tax under section 501 c (3) of the Internal Revenue Code. ISBN 978-1-934151-39-6 © 2010 by Conservation International All rights reserved. The designations of geographical entities in this publication, and the presentation of the material, do not imply the expression of any opinion whatsoever on the part of Conservation International or its supporting organizations concerning the legal status of any country, territory, or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. Any opinions expressed in this publication are those of the writers, and do not necessarily reflect those of Conservation International (CI). Suggested citation: Walker Painemilla, K., Rylands, A. B., Woofter, A. and Hughes, C. (eds.). 2010. Indigenous Peoples and Conservation: From Rights to Resource Management. Conservation...
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