...At last the calm Stability comes to the PERE 50 now that franchises that were chewed up in the global financial crisis have seen their pre-crisis funds forgotten while the stronger groups have prospered via their second or third funds since then The PERE 50 ranking of private equity real estate firms, following the twisted iron wreckage of the global financial crisis of 2008, now has some shape and stability to it. Unlike last year when there were no fewer than 14 new entrants to the ranking, this time around we see just two firms making their premiere - Greystar Real Estate Partners and Almanac Realty Investors. This can be explained by the fact that the major banking franchises that used to rank so highly in this list have exited and been replaced by groups that have had the time to raise at least two significant funds since 2010 as the shakedown by investors has left the healthy apples on the trees, while the sickly have fallen. Of course, there has been no change at the very top of the chart. The Blackstone Group is out of sight having now raised more equity for opportunistic real estate investing than the GDP of 77 different countries. The only slight drama towards the top of the tree relates to second and third spot where Starwood Capital Group this year leapfrogged Lone Star Funds, having figured behind the Dallas-based firm the previous year. Starwood’s second position on the grid has a lot to do with raising its largest ever fund - Fund X. A counterintuitive...
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...Analysis of Real Estate Funding in India Real Estate Funding Commercial real estate sector is in boom in India. In the last fifteen years, post liberalization of the economy, Indian real estate business has taken an upturn and is expected to grow from the current USD 14 billion to a USD 102 billion in the next 10 years. This growth can be attributed to favourable demographics, increasing purchasing power, existence of customer friendly banks & housing finance companies, professionalism in real estate and favourable reforms initiated by the government to attract global investors. Reason for growth Growing Market Demand and their drivers • Realization of large commercial projects • IPOs by developers • Gradual organization of the markets in the Tier I cities Greater availability of information • Transparency and liquidity improved manifolds • Entry of international real estate builders and consultancies • Governing legal framework relaxed • Entry of more players has lead to increased level of competition and competitive pricing The property market in India has been unorganized and fragmented for many years. However, the recent past has seen a consolidation of positions in the market as developers are stretching their capacities to the maximum in order to meet the growing market demand, which in turn has encouraged large projects with sourced financing. The IPOs by large real estate developers like Sobha, Raheja and DLF have led to organization of the market in the Tier...
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...Marieshka Barton Wines of Spain Prof. Newton June 15, 2015 Spanish Wine Marketing and Sales Sonoma State University’s Wines of Spain 2015 summer class introduced students to Northern Spain’s prestigious Penedès, Priorat, and Rioja wine regions. Production and marketing professionals from eight wineries hosted our student group and provided facility tours and insights on production, marketing, and exporting. This paper focuses on Northern Spain’s wine industry’s legal regulations, tourism, stewardship, communications, and exports through the lens of wine business marketing. The paper concludes with marketing recommendations relevant to new world (USA, Canada, and Australia) markets. History First, a brief introduction to Spain’s wine history is provided to differentiate Spain from its global competitors and set the context for further analysis. As an “old world” wine culture, Spain has a rich wine history beginning with Phoenician tribes and industrious Romans. Unfortunately, Spain’s nascent wine industry was disrupted due to Islamic rule followed by civil and global wars. In the late 1800’s, French winemakers revolutionized Spain’s weak wine industry. France’s Phylloxera tragedy brought an exodus of French winemakers over the Pyrenees seeking work. By the time Phylloxera reached Spain, viticulturists where already grafting native vines onto American...
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...leaders mondiaux et européens L’Aquitaine au 3e rang des régions françaises En Aquitaine, en 2008, le secteur "construction aéronautique et spatiale" (hors défense) occupe 13 000 salariés employés dans une trentaine d’établissements. L’Aquitaine regroupe ainsi 14 % des effectifs salariés nationaux relevant au sens strict du secteur. Elle se place au 3e rang des régions françaises derrière Midi-Pyrénées (30 %) et l’Île-de-France (24 %). Cette composante du tissu industriel aquitain représente 9 % de l’emploi salarié industriel de la région. Cette part est double en Midi-Pyrénées (19 %), mais moitié moindre en Île-de-France (4,5 %). En France métropolitaine, la "construction aéronautique et spatiale" (hors défense) constitue 2,7 % de l’emploi industriel national. http://www.sudouest.fr/2010/05/18/le-luxe-atterrit-a-l-aeroparc-94693-3145.php LE LUXE ATTERIT A L’AEROPARC Les travaux de viabilisation du terrain ont démarré dans le secteur consacré à l'aéronautique, à l'intersection de Mérignac, du Haillan et de Saint-Médard. Dans quelques mois (fin d'année ou début 2011), l'étonnante entreprise Catherineau aura quitté la...
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...Diabetes [Name of Author] [Name of Institution] Introduction The examination profile of Mr Ward is not satisfactory and predicts he is confronted with several risk factors. Triglyceride level of Mr. Ward is 1.8mmol/l which is considered to be borderline high. Likewise, the cholesterol is 5.2mmol/l which again is very high. He also has a blood pressure higher than a safe range and a BMI below satisfactory level. This paper aims to highlight the facts and interventions which can be used for disease management for Mr Ward. Discussion The major challenge for maintaining a suitable glycemic control for diabetic patients is to restrict the progression of disease or development of the risk factors which turn pertinent over the course of time. The progression of disease can be restricted through considering the factors leading to weight gain, the pharmaceutical considerations, incurrence of glycemic conditions, and by taking into account the inherent restraints for administering exogenous insulin (Nichols et al, 2000). According to Davies (2004), there are number of factors which influences the consultation for diabetes patients amongst which the prominent ones include age, span of diabetes, the BMI, and measure of physical exercise. The glycaemic control remains the first and foremost target for every healthcare provider to enable insulin uptake in patients suffering from type 2 diabetes. Janes et al (2013) have highlighted the significance of daily routine and activities...
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...Schloss Gobelsberg 'Gobelsberger' Kamptal, Austria | 12 | 2012 | | Chardonnay, Landmark 'Overlook' Sonoma, California | 13 | | | ROSÉ | | | | | | 2013 | | Zweigelt, Mittelbach Niederösterreich, Austria | 12 | | | RED | | | | | | 2012 | | Pinot Noir, Luli Santa Lucia Highlands, California | 15 | 2012 | | Nebbiolo, Renato Ratti 'Ochetti' Langhe, Italy | 13 | 2010 | | Sangiovese, Fèlsina 'Berardenga' Chianti Classico, Italy | 12 | 2007 | | Tempranillo, La Rioja Alta 'Viña Alberdi' Reserva Rioja, Spain | 10 | 2005 | | Grenache/Syrah, Château Redortier Gigondas, France | 14 | 2010 | | Merlot, Tangley Oaks 'Lot #11' Napa Valley, California | 12 | 2011 | | Malbec, Colomé Salta, Argentina | 12 | 2011 | | Zinfandel/Petite Sirah, Ridge 'Three Valleys' Sonoma, California | 15 | 2011 | | Cabernet Sauvignon, Seven Falls Waluke Slope, Washington | 10 | 2010 | | Cabernet Sauvignon/Merlot/Cabernet Franc Robert Sinskey 'POV' Napa Valley, California | 22...
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...Spain During Ancient Times or Dates of Antiquity During ancient times or dates of antiquity Spain was under the Roman Empire. It was called Hispania, to it were born Roman emperors Trojan and Theodosius I and the philosopher Seneca. The Roman Empire (Latin: Imperium Romanum) was the post-Republican period of the ancient Roman civilization, characterized by an autocratic form of government and large territorial holdings in Europe and around the Mediterranean. Spain During the Middle Ages 5th to 8th Century Rulers: Alaric I (Alareiks in the original Gothic) was likely born about 370 on an island named Peuce (the Fir) at the mouth of the Danube in present day Romania. King of the Visigoths from 395–410, Alaric was the first Germanic leader to take the city of Rome. Having originally desired to settle his people in the Roman Empire, he finally sacked the city, marking the decline of imperial power in the west. Euric, also known as Evaric, Erwig, or Eurico in Spanish and Portuguese (c. 415 – 484), Son of Theodoric I and the younger brother of Theodoric II and ruled as king of the Visigoths, with his capital at Toulouse, from 466 until his death in 484. He inherited a large portion of the Visigothic possessions in the Aquitaine region of Gaul, an area that had been under Visigothic control since 415. Over the decades the Visigoths had gradually expanded their holdings at the expense of the weak Roman government, advancing well into Hispania in the process. Alaric II, also...
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...Governments, the relationship has subsequently developed to become one of the closest between African and Asian states. Growing economic engagement, which underpins the warm ties between the two states, has put South Africa amongst China’s top three trading partners on the continent. Moreover, China is an emerging market economy; with a fast track of being the next economic rising superpower in the world and its current relations between it and Africa continue to grow fast with foreign direct investment increasing thirty-fold between 2003 and 2011, from US$491m to US$14.7 billion. In 2012, China pledged US$20 billion of loans to Africa over three years for infrastructure, agriculture and manufacturing. If the funds are stay the way they are and do not decline, China will become Africa’s principal financial backer. China is already Africa’s leading bilateral trade partner. Two-way trade grew from US$10.6 billion in 2000 to US$166 billion in 2011. South Africa is a country with more than 50 million people of different racial...
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...Starbucks – Going global fast case study Prashansa Sunuwar King’s College affiliated with Westcliff University BUS 367 The Necessities of International Marketing and Culture Dr. Thien-Huong T. Ninh March 20, 2016 Abstract This paper addresses the various factors and risks that a company has to face while going global. This report is based on the case study focused on Starbucks. It answers various questions regarding issues that an international company like Starbucks has to face. The answers incorporate the elements that are both controllable and uncontrollable when a business is going global. The sources of risks that Starbucks is facing and what can be done to eliminate the risk are provided. Also, there are few suggestions regarding what Starbucks can do to improve profitability in Japan. Starbucks – Going Global Fast Case Fifteen years ago, Starbucks had 17 coffee shops in Seattle. Now, it has 19,000 outlets in 58 countries. According to the official website of Starbucks, Starbucks serves a wide variety of hot and cold drinks including espressos, cappuccinos, and even pastries and other delectable treats. Starbucks has become a meeting place for people. People go to Starbucks to chat, meet up, and even for meetings and rejuvenation. The success of Starbucks grew after Howard Schultz purchased Starbucks on 1981 and introduced Italian coffeehouse tradition in the United States in 1983. After Starbucks went public, the sales have increased by an average of 20 percent annually...
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...Titre de l’édition originale STEVE JOBS : A BIOGRAPHY publiée par Simon & Schuster, Inc. Maquette de couverture : Bleu T Photo de couverture : Albert Watson © 2011 by Walter Isaacson Tous droits réservés. © 2011, éditions Jean-Claude Lattès pour la traduction française. Première édition novembre 2011. ISBN : 978-2-7096-3882-1 « Seuls ceux qui sont assez fous pour penser qu’ils peuvent changer le monde y parviennent. » Publicité Apple « Think Different », 1997 Table des matières Les personnages Introduction : La genèse de ce livre 1- L’enfance : abandonné puis choisi 2- Un couple improbable : les deux Steve 3- Tout lâcher : harmonie, ouverture, détachement… 4- Atari et l’Inde : du zen et de l’art de concevoir des jeux 5- L’Apple I : allumage, démarrage, connexion 6- L’Apple II : l’aube d’une ère nouvelle 7- Chrisann et Lisa : celui qui a abandonné… 8- Xerox et Lisa : les interfaces graphiques 9- Passer en Bourse : vers la gloire et la fortune… 10- Le Mac est né : vous vouliez une révolution 11- Le champ de distorsion de la réalité : imposer ses propres règles du jeu 12- Le design : les vrais artistes simplifient 13- Fabriquer le Mac : le voyage est la récompense 14- Entrée en scène de Sculley : le défi Pepsi 15- Le lancement : changer le monde 16- Gates et Jobs : quand deux orbites se croisent 17- Icare : à monter trop haut… 18- NeXT : Prométhée délivré 19- Pixar : quand la technologie rencontre l’art 20- Un homme comme les autres...
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...------------------------------------------------- Gestion de patrimoine – I- L’impôt sur le revenu : L’impôt est composé de 4 choses : * le fait générateur : ce qui fait que je vais être imposé : les revenus * l’assiette : La base de calcul de l’impôt * la liquidation : le calcul de l’impôt * le recouvrement : la façon dont on va payer L’abus de droit et la fraude fiscale. Abus de droit : j’ai le droit mais il ne faut pas que j’abuse. 1- Les notions de base : On reçoit la déclaration directement chez nous. Les personnes imposables sont les personnes qui remplissent au moins un des critères suivants : * son foyer est situé en France * son lieu de séjour principal est situé en France * son activité principale est exercée en France * le centre de ses intérêts économiques En France on impose le foyer entier. La situation évolue si le foyer est composé d’enfants mineurs, ou majeurs si ils font des études ou non. Le foyer évolue si il a d’autres personnes a charge tel que les grands parents par exemple. Pour que 2 adultes puissent être regroupés dans un même foyer fiscal, ils devront soit être mariés soit pacsés. * 1 Personne seule constituera un foyer fiscal de 1 part fiscale * 2 mariés ou concubins formeront 2 foyers fiscaux ayant chacun 1 part fiscale. Au nombre de parts fiscales composées par les adultes s'ajoutent les parts des enfants déclarés à charge : * 1 enfant : 0,5 part * 2 enfants : 1 part ...
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...Volatility of exchange rate The main objective of this research is to present a rationalized concept of the theory and composition of exchange rate that are compulsory to solve the important economic problems facing the economy in the country, like volatile exchange rate, unbalanced financial circumstances and frustration of government to have control over domestic money market. “Exchange rate” shows that how much unit of onenation’s currency can be purchased with one unit of domestic currency. More precisely, exchange rate is a conversion factor that determines rate of change of currencies. While exchange rates volatility shows that exchange rate is settled on demand and supply of one nation’s currency, it may turn out fastest moving price of currency and bring all the foreign capital in the economy. Exchange rate volatility can influence the decisions of policy makers and affect the volume of exports and imports. It can also affect the allocation of manufacturing of goods, reserve money, exports, imports and balance of payments. Exchange rate volatility provides chances to domestic investors to invest in foreign currency to obtain higher profits and thus domestic currency undervalue and foreign currency gain values. Moreover, this volatility of exchange rate directly influences the prices of exports, imports, reserve money, manufacturing productions and their growth rates. Traders and investors always support the system where the discrepancy of the difference between actual...
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...Sommaire Synthèse managériale I) Analyse de la situation concurrentielle de LEGO sur le marché des jeux et jouets 1) Description des marchés et analyse de la concurrence 2) SWOT : Diagnostic externe 3) SWOT : Diagnostic interne SYNTHÈSE MANAGÉRIALE LEGO est une entreprise danoise réputée dans le monde entier pour sa fabrication de jeux qui consistent en l'assemblage élémentaire de briques en plastique. L'entreprise est née en 1932 à l'initiative de la famille Christiansen. Dès sa création, la société a opté pour la conception de jouets contribuant au développement et à l'apprentissage de l'enfant. Sa politique repose sur trois valeurs clés: créativité, imaginaire et appartenance. En outre, l'entreprise privilégie fortement la recherche comme en témoigne son étroite collaboration avec le « Massachussetts Institute of Technology ». LEGO a connu une forte ascension jusqu’à devenir l’un des premiers fabricants de jouets. Mais à partir de 2000 LEGO commence à afficher des pertes records (250 millions USD en 2003). La diversification du groupe hors de son métier de base, la brique, a fait perdre à LEGO ses consommateurs traditionnels. Sur le marché français, LEGO a également subi des pertes conséquentes passant d'un résultat net de 16 millions d'euros en 2002 à 6 millions d'euros en 2005. LEGO France fait face à une forte concurrence au sein du marché des jeux et jouets, d'une part la concurrence des autres industriels français du jouet, à savoir les filiales...
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...& Boyle, M.O. (2005). Working memory and intelligence: the same or different constructs? Psychological Bulletin, 131(1),30-60. Alameda & Cuetos, 1995, 1996, 1997, 2000, 2001 Alameda, J. R. y Cuetos, F. (1995). Diccionario de frecuencia de las unidades lingüísticas del castellano. Oviedo: Servicio de publicaciones de la Universidad de Oviedo. Alameda, J. R. & Cuetos, F. (1996). Índices de frecuencia y vecindad ortográfica para un corpus de palabras de cuatro letras. Revista Electrónica de Metodología Aplicada, 1, 10-29. En http://www.uniovi.es/~Psi/REMA/ (junio de 2001). Alameda, J. R. (1997). Base de datos de no-palabras de cuatro letras para su uso en tareas experimentales de decisión léxica. Revista Electrónica de Metodología Aplicada, 2, 1-49. En http://www.uniovi.es/~Psi/REMA/ (junio de 2001). Alameda, J. R. & Cuetos, F. (2001). Índices de frecuencia y vecindad para palabras de cinco letras. Revista Electrónica de Metodología Aplicada, 6 (2). En http://www.uniovi.es/~Psi/REMA. Alloway, 2006 Alloway TP (2006).How does working memory work in the classroom? Educational Research and Reviews Vol. 1 (4), pp. 134-139, July 2006 Alloway, T.P. (2009). Working memory, but not IQ, predicts subsequent learning in children with learning difficulties. European Journal of Psychological Assessment, 25(2), 92-98. Alloway, T.P. (2011). A comparison of working memory profiles in children with ADHD and...
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...INFORMS MARKETING SCIENCE Vol. 00, No. 0, Xxxxx 0000, pp. 000–000 issn 0732-2399 | eissn 1526-548X | 00 | 0000 | 0001 doi 10.1287/xxxx.0000.0000 c 0000 INFORMS Predicting Individual Behavior with Social Networks Sharad Goel, Daniel G. Goldstein Yahoo Research, New York, New York, 10018 A basic objective of the social and economic sciences is to predict behavior. With the availability of social network data, it has become possible to relate the behavior of individuals to that of their acquaintances on a large scale. While the similarity of connected individuals is well established, it is unclear if and how social data can predict behavior, and whether such predictions are more accurate than those arising from current marketing practices. We employ a communications network of over 100 million people to forecast highly diverse behaviors from patronizing an offline department store to taking interest in an advertisement to joining a recreational league. Across all the domains, we find that social data are strongly informative in identifying individuals who are most likely to undertake actions, and that in identifying such individuals, social data generally improve the predictive accuracy of baseline models. Key words : Computational social science, product adoption, social networks Predicting individual behavior is a basic objective of the social sciences, from economics (Manski 2007) to psychology (Ajzen and Fishbein 1980), sociology (Burt 1987, Coleman...
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