...use of fertilizers and septic tanks in the community has increased which has caused the lagoon to become contaminated and polluted. As a result, the level of pollution in the lagoon has been steadily increasing and efforts for cleanup have been minimal (Desai and Qureshi, FCIR). Additionally, in 2011, an event known as the “superbloom” occurred. According to the St. Johns River Water Management District, an agency established by the government of Florida to regulate and preserve natural resources, this event was caused by a massive increase in phytoplankton which eventually led to the loss of seagrass throughout the lagoon (“The ‘Perfect Storm…’”). Seagrass is a vital element to this ecosystem as it is part of the diet of multiple species of fish and animals. In addition, it also acts as a natural fertilizer for aquatic plants and the soil. This lack of seagrass is creating muck, locally known as “black mayonnaise,” which blocks the surface of the water preventing sunlight from reaching the plants. Although there are various organizations such as the Florida Institute of Technology Marine and Environmental Science departments, Tetra Tech, Closewaters, and the Florida Center for Investigative Reporting (FCIR) that have been researching and trying to come up with different solutions, the cost for cleanup is still excessively high and is draining Florida’s economy. Many do not realize the economical importance, impact, and value of the Indian River Lagoon. The lagoon impacts the...
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...Can We Expect A Regulated CDS Market? Derivatives Project Xilin Yang (Celine) Introduction The article introduces credit default swaps and explores the problems of the credit derivatives. By analyzing the AIG’s bailout, the article describes the regulation gap in the CDS market and states the regulation reform after the crisis. Part I is background, generally introduces the Wall Street crisis. How it happened? What consequence it has? Part II is mainly about AIG’s CDS business: how AIG got involved in the crisis and why the biggest world insurance company suddenly collapsed. Part III is about credit default swaps: definition, construction, and problems. Part IV is concerned on the regulation reform after AIG’s failure. Wall Street Crisis Speaking of the Wall Street crisis, people all know it proceed from subprime crisis. The relatively low interest rate prompts banks to issue large amount of housing loans. To transfer default risk embedded in those loans, investment banks package those loans and mortgages into student loans, car loans and credit card debt, which form the so-called collateralized debt obligation (CDOs). All these derivatives depend on the housing loans. In the era of low interest rates, house prices rise rapidly and promote the rapid development of the housing loans business. With steady stream of housing loans into financial derivatives products, different ranks of products are packaged to sale out. The good view of economy makes those potentially risky...
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...Collateralized debt obligation A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS).[1] Originally developed for the corporate debt markets, over time CDOs evolved to encompass the mortgage and mortgage-backed security ("MBS") markets.[2] Like other private label securities backed by assets, a CDO can be thought of as a promise to pay investors in a prescribed sequence, based on the cash flow the CDO collects from the pool of bonds or other assets it owns. The CDO is "sliced" into "tranches", which "catch" the cash flow of interest and principal payments in sequence based on seniority.[3] If some loans default and the cash collected by the CDO is insufficient to pay all of its investors, those in the lowest, most "junior" tranches suffer losses first. The last to lose payment from default are the safest, most senior tranches. Consequently coupon payments (and interest rates) vary by tranche with the safest/most senior tranches paying the lowest and the lowest tranches paying the highest rates to compensate for higher default risk. As an example, a CDO might issue the following tranches in order of safeness: Senior AAA (sometimes known as "super senior"); Junior AAA; AA; A; BBB; Residual.[4] Separate special purpose entities—rather than the parent investment bank—issue the CDOs and pay interest to investors. As CDOs developed, some sponsors repackaged tranches into yet another iteration, known as "CDO-squared" or "CDOs of CDOs."[4] In the...
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...CASE STUDY Bill punched a few huttons on his computer keyboard and called up a series of graphs. The first documented the growing percentage of LaTreat sales connected with promotional offers. A second graph disaggregated LaTreat's promotion-related sales by four buyer categories Bill had created from BehaviorScan data. "Loyalists" were longtime customers who increased their purchases in response to a deal. "Trial users" bought LaTreat for the first time hecause of the promotion and who seemed to be turning into ioyal customers. "Accelerators" were longtime customers who used coupons or rebates to stock up on product they would have bought anyway. "Switch-on-deal" customers were nonusers who bought LaTreat when there were promotions but demonstrated little long-term loyalty. Bill's graph documented that a majority of LaTreat's coupon redeemers fell into the last two categories, with "loyalists" accounting for a shrinking percentage of sales. Finally, Bill called up his ultimate evidence-a graph that adjusted LaTreat sales to eliminate the effect of promotions. ¡See the illustration.) "I'm amazed you spent your weekend doing this," Barbara said, "but I'm glad you did. It'll help us think through future marketing strategies for LaTreat. But it doesn't change what the committee decided. It's time to move on." "I'm not so sure," Bill replied. "I hope you don't mind, hut I think I should show these data to Bob. Maybe he can convince the committee to reconsider. After all, if LaTreat...
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...Web Video Texts Audio Projects About Account TVNews OpenLibrary | | | | Home | American Libraries | Canadian Libraries | Universal Library | Community Texts | Project Gutenberg | Children's Library | Biodiversity Heritage Library | Additional Collections | Search: Advanced Search | Anonymous User (login or join us) | Upload | Full text of "Natya Shastra of Bharata Muni Volume 1"THE NATYASASTRA A Treatise on Hindu Dramaturgy and Histrionics Ascribed to B ii A R A T A - M r X I Vol. I. ( Chapters I-XXVII ) Completely translated jor the jirst tune from the original Sanskrit tuttri «u Introduction and Various Notes M .U'OMOH A N liHOS H M.A., Pn. I). <OaU 2 Viu i95y CALCUTTA THE RoyiL ISIAJtC SOCIETY OF BENGAL Dedicated to the memory of thom great scholars of India. and the West mho by their indefatigable study and. ingenious interpretation of her Religion, Philosophy, Literature and Arts, have demon- strated the high ealiie of India- s culture to the World at large and ham helped her towa.nls a reawakening and political alteration., and who by their discovery of the Universal aspect of this culture have made patent India's spiritual kinship with the other ancient nations of the World and ham paved the way for an ultimate triumph of Internationalism. PREFACE The preparation 'of an annotated English translation of the Natya&stra entrusted...
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