...The Emancipation Wars Overview Above all of the acts of resistance towards slavery, non – violent and violent, there were three rebellions in the British West Indies that stood out. Those three were the Bussa Rebellion in Barbados, Easter 1816, the Demerara Revolt in Guyana, August 1823, and the Sam Sharpe Rebellion in Jamaica which took place in December 1831. The order in which the three rebellions occurred was similar; it was influential as well as extensive. Among all three rebellions there was one common factor. It was a time in which ameliorative proposals (gradual improvement in the slave’s way of life) were being made in Britain. This gave way to widespread rumours that there were measures taking place in metropolitan Britain to grant slaves their freedom but planters were withholding them (Emancipation Rumours). In all three cases this rumour aided in the agitation for freedom and precipitated rebellion. While some historians use these rebellions to make the case that slaves emancipated themselves, others are less liberal. None, however, deny that these later rebellions were pivotal to the passing of the Emancipation Act August 1, 1833. Bussa/Barbados Rebellion 1816 Unexpected The Bussa rebellion of 1816 was not that expected as it is believed that slaves began to plan the rebellion soon after the House of Assembly discussed and rejected the imperial Registry Bill in November 1815 (Beckles 90). This Bill called for the registration of colonial slaves...
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...W14232 INVESTMENTS: DELINEATING AN EFFICIENT PORTFOLIO Upasana Mitra and M. Kannadhasan wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be transmitted, photocopied, digitized or otherwise reproduced in any form or by any means without the permission of the copyright holder. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Business School, Western University, London, Ontario, Canada, N6G 0N1; (t) 519.661.3208; (e) cases@ivey.ca; www.iveycases.com. Copyright © 2014, Richard Ivey School of Business Foundation Version: 2014-06-20 Hi Rahul! I want your advice in suggesting a portfolio of mutual fund for investment of my retirement fund. Last year, when I retired, I invested the full amount in a balanced fund. As it was a diversified fund, I thought that investment in one balanced fund would allow me to diversify my investment and I would get a decent return. Unfortunately, the fund has given negative return in spite of the fact that the stock index during the period has gone up by 5 per cent. Being a retired person, I cannot take much risk but would like to get...
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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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...pension plan, the fund has some understandable constraints, which are: Need to invest in mature and stable large companies Only a certain percentage of the fund could be invested in equities, meant to grow by +10% every year up to 40% The remainder (up to 60%) to be invested in bonds Their objective of achieving a certain rate of return is a necessary step to ensure the pension fund is able to meet its future pension liabilities. However, having unrealistic expectations can prove to be harmful where in their case a 1.5% discrepancy in expectations had led to a 120% increase in unfunded liability! The investment constraint of having a pension fund made up majority of bonds can prove to be problematic. While it is true that bonds provide a steady income in terms of coupon plus the opportunity for capital appreciation; the fact that bond prices are inversely proportional to interest rates prove to be a risk for pension funds. Indeed, that is the case for South Carolina pension fund where in April 1996 the fund has lost $400mln due to a rise in interest rates. Also their constraint of investing in mature and stable companies have the benefit of earning steady dividends and a lower level of risk (Claus and Thomas, 2001). But these companies have limited growth potential hence returns tend to be low and the state may find that they are not being able to earn the higher expected return to fund the sudden increase in pension liability. 2) Critically assess the benefits...
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...Widespread integration occurred in the late 1960s, early 1970s (Desegregation Case in Retrospect), but some segregation did happened soon after the court’s decision, like in Louisville, which integrated their schools in a semester. Baltimore allowed 3000 blacks to attend white schools that following September, and many other states integrated such as West Virginia, Washington D.C. and Delaware. Since segregation was not not happening as fast as the court wanted, Warren created a seven paragraph decision on May 31, 1955 known as Brown II. They required schools to make a prompt and give a reasonable start to desegregation. This was an attempt to speed up segregation under different circumstances, but it ended up hurting the cause. Segregationists wanted to use this to delay integration forever, but soon Southern federal judges gave into the Supreme Court’s decision. As a result, segregation laws in schools fell in Florida, Arkansas. Tennessee, and Texas (Cushman). Another challenge to integrated schools was “white flight”. By the time city schools were integrated, most whites had moved to suburbia, thus creating unofficial segregated schools since there were no whites to attend (Fireside). The Brown v. Board of Education cases changed the face of America forever. Now that Blacks could be educated, many aspects of their life changed. They would be more involved in politics, get a better job...
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...manager skills (stock selection and benchmark timing skills), fund risk loadings and benchmark returns by exploiting ex-ante business cycle related state variables. Our results provide empirical evidence of return predictability and the economic value of active management in emerging markets. ∗ I would like to thank Allan Timmermann for his guidance and support. I am also grateful to James Hamilton, Bruce N. Lehmann, Ross Valkanov and Debbie Watkins for their helpful comments. I also benefited from discussions with Ben Gillen. Finally, I want to thank Russ Wermers for providing me with the mutual fund dataset. 1 1 Introduction During the last decades the mutual fund industry has been continuously growing and gaining importance in global financial markets. As of end of 2007, total worldwide mutual funds’ assets amounted to 26.2 trillion dollar, with the US accounting for 46% of the market. As the industry evolved, mutual funds have been gaining the interest of academics and practitioners for whom central questions have been related to performance measurement and the study of...
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...Term paper On A comparison of financial performance in the Banking sector- some evidence from bank Nifty. Under the guidance of Mr. K. S. Venkateswara Kumar Asst. professor Ch. H. S. Pavan Kumar 10102463 MBA – IV th sem K L University Vaddeswaram Abstract: The research paper analyzes the performance of the selected banks on the basis of the productivity and the profitability that are reflected in the stock prices. There are several dimensions through which an analysis can be done for a stable investment. The fundamental analysis and the technical analysis are the tools used in investment decisions. The fundamental analysis discusses about the industry analysis that gives the financial health of the companies, and the company analysis that gives the information regarding the investors’ preferences decided by the management. The decision making process plays a crucial role in performance of the banks. The price movements and historical trends are considered for technical analysis. By considering both the Fundamental and Technical analyses, a best portfolio can be created. This research paper also takes into account various determinants that influence the performance of a company. Keywords: ROA, PSB, SCP, e-banking. Introduction: The banking sector globally undergone rapid transformation in the recent decades driven by forces of Globalisation and the advent of technology. The Indian banking system is no exception, has undergone significant structural transformation...
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...Lexmark Canada Case Study The Lexmark Corporation is a financially strong organization that was spun off from the IBM Corporation to be a standalone business and this has caused some restructuring within the company. The sales department underwent a major shift from individual compensation packages to a team compensation concept that was not immediately embraced by everyone in the organization which led to some defections and put the company in a position to be short staffed. This raised questions about the concept itself and whether it was a workable plan and also if the compensation is an adequate motivator and measure of personal performance. The analysis of this case really comes to the point of do they have the right people to make this team work? And thru continuing education can the company get and retain the right people? Is the compensation package correct? These questions and more will be addressed. The problem started by being short staffed almost from the start when two account managers quit due to lack of control of their earnings as they saw it and disappointment from not being chosen as team leader. Getting the right people on board quickly and effectively would be a key, but “As difficult as it is, resist the temptation to hire for the short-term because bad hires are poison.” (Tao, 2012) This is true in this case because they were worried about making quotas, but if they hire the wrong person then it only sets the company farther behind. This is all a...
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...Congress of the Chinese Communist Party.” New York: Asia Society, 1992. Bachman, David. “Implementing Chinese Tax Policy.” In Lampton, ed., Policy Implementation in Post-Mao China, pp. 119-153. Backhouse, E. and J.O.P. Bland. Annals & Memoirs of the Court of Peking. Boston: Houghton Mifflin, 1914. Bainian chao (百年潮) (Hundred Year Tide). Monthly. Beijing: Zhongguo zhonggong dangshi xuehui, 1997 -- . Barfield, Thomas J. Perilous Frontier: Nomadic Empires and China. Cambridge: Basil Blackwell, 1989. Barman, Geneviève Barman and Nicole Dulioust. “Les années Françaises de Deng Xiaoping,” Vingtième Siècle: Revue d’histoire, no. 20 (October-December 1988), 17-34. Barman, Geneviève and Nicole Dulioust. “The Communists in the Work and Study Movement in France,” Republican China, 13, no. 2 (April 1988), 24-39. Barnett, A. Doak, with a contribution by Ezra Vogel. Cadres, Bureaucracy, and Political Power in Communist China. New York: Columbia University Press, 1967. Barnett, Robert and Shirin Akiner, eds. Resistance and Reform in Tibet. Bloomington: Indiana University Press, 1994. Barnouin, Barbara and Yu Changgen. Ten Years of Turbulence: The Chinese Cultural Revolution. New York: Kegan Paul International, 1993. Bartke, Wolfgang...
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...compensation packages to a team compensation concept that was not immediately embraced by everyone in the organization which led to some defections and put the company in a position to be short staffed. This raised questions about the concept itself and whether it was a workable plan and also if the compensation is an adequate motivator and measure of personal performance. The analysis of this case really comes to the point of, do they have the right people to make this team work, and through continuing education can the company get and retain the right people? Is the compensation package correct? Team Selling in the Marketplace for Lexmark Canada Inc. Lexmark Canada's problem started by being short staffed almost from the start when two account managers quit due to lack of control of their earnings as they saw it and disappointment from not being chosen as team leader. Getting the right people on board quickly and effectively would be a key, but “As difficult as it is, resist the temptation to hire for the short-term because bad hires are poison.” (Tao, 2012) This is true in this case because they were worried about making quotas, but if they hire the wrong person then it only sets the company farther behind. This is all a huge part of the salesforce socialization. “Salesforce socialization refers to the process by which salespeople acquire the knowledge, skills, and values essential to perform their jobs.” (Ingram, 2012) The wrong hire can not only damage morale, but can...
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...overlaps, into four main periods: the rather monolithic form of Spanish Catholicism from 1492, and of the Church of England from 1620; the arrival of the Evangelicals or nonconformist missionaries, Moravians, Methodists, Baptists, Congregationalists, and Presbyterians from the mid-eighteenth century; consolidation and growth of various European denominations in the region in uneasy tension with the proliferation of independent black Christian groups and African religions in the post-emancipation era from 1833; the contest for political, economic and religious independence after 1870, including the shift from British Imperial intervention and influence to those from North America, and national independence after 1962. Contemporary studies in anthropology and sociology of religion speak of 'religions on the move', or the process of transmigration and transculturation, as it refers to dynamic, reciprocal, transitory and multidimensional creations in shaping a 'poly-contextual world'. This implies that religions have to be regarded as cultural and spiritual phenomena whose 'taken-for granted' essence1 has resulted from transcultural and transnational processes of mutual 1 Klaus Hock, University of Rostock, abstract for an essay on the African Christian Diaspora in Europe, January 2002 (unpublished); R. Stephen Warner, and Judith G. Wittner (eds.), 1 influence, interaction and continuous adaptation to new environments, developments and encounters. The emphasis...
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...by John Lintner (1965), Jan Mossin (1966) and William Sharpe (1964). In equation form the model can be expressed as follows: E (Ri) = Rf + (i [E(rm) – Rf] = Rf +(im / (m (E(Rm) – Rf / (m) Where E(Ri) is expected return on asset i, Rf is the risk-free rate of return, E(Rm) is expected return on market proxy and (i; is a measure of risk specific to asset i. This relationship between expected return on asset i and expected return on market portfolio is also called the security market line. If CAPM is valid, all securities will lie in a straight line called the security market line in the E(R), (i frontier. The security market line implies that return is a linearly increasing function of risk. Moreover, only the market risk affects the return and the investor receive no extra return for bearing diversifiable (residual) risk. The set of assumptions employed in the development of the CAPM can be summarized as follows [Sears and Trennepohl (1993)]: 1. Investors are risk-averse and they have a preference for expected return and a dislike for risk. 2. Investors make investment decisions based on expected return and the variances of security returns, i.e. two-parameter utility function. 3. Investors behave in a normative sense and desire to hold a portfolio that lies along the efficient frontier. These three assumptions were also made in the development of the Markowitz and Sharpe single-index portfolio analysis models. In addition to these three,...
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...The Misrepresentation of African American Students in Special Education Programs SOCI 2301 Research Proposal Introduction In the American education system, there is a steady increase in the number of Black students that are placed in special education programs. Black children are primarily labeled with either being Educable Mentally Retarded (EMR), or having a Behavioral Disorder (BD) (Kunjufu, 1995). This is a concern because statistics show that even though African American children only constitute 17 percent of all students, they compromise 41 percent of all special education placements, and out of the 41 percent of black children that are placed in special education programs, 85 percent are boys (National Research Council, 1999). These statistics are not only alarming, but it has also been recognized that African American students, particularly black males, are either misdiagnosed or misplaced into special education programs. This is a noted and ongoing problem within the public school system, and it is a problem that is raising many questions. For instance, why are black children disproportionately labeled? Why are black boys labeled EMR and BD more than girls? Do these labels adversely affect their self-esteem? Is there a difference between these statistics and the lack of black male teachers in the school system? Are there differences between black and white female teachers as they relate to black male children...
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...Case Studies Solutions Case Studies Solutions,Article Writing,Assignments,Research Work,Home Work MenuSkip to content Home How We Work ? Refund Policy How to Order ? Disclaimer Contact Us Finance Cases List POSTED ON MARCH 8, 2013 Hello, If u want us to solve any case study from below list, do contact us anytime, We are here to provide the experience, expertise, and professionalism that you are looking for , Our tutors are available 24/7 to assist you what you need, Click Here to submit your Order. ======================================================================================= Acquisition of Consolidated Rail Corp. by Benjamin C. Esty Airbus A3XX: Developing the World’s Largest Commercial Jet by Benjamin C. Esty American Chemical Corp.by William E. Fruhan, John P. Goldsberry American Home Products Corp.by David W. Mullins AQR’s Momentum Funds by Daniel B. Bergstresser, Lauren H. Cohen, Randolph B. Cohen, Christopher Malloy Arundel Partners: The Sequel Project by Timothy A. Luehrman AXA MONY by Andre F. Perold, Lucy White Beta Management Co. by Michael E. Edleson Butler Lumber Co. by Thomas R. Piper Cartwright Lumber Co.by Thomas R. Piper Citigroup 2007: Financial Reporting and Regulatory Capital by Edward J. Riedl, Suraj Srinivasan Clarkson Lumber Co. by Thomas R. Piper Cooper Industries, Inc. by Thomas R. Piper Cost of Capital at Ameritrade by Erik Stafford, Mark L. Mitchell Debt Policy at UST, Inc. by Mark L. Mitchell Dell’s Working Capital...
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...In 2000 alone, 70 countries, consisting of two-thirds of the world’s population were subject to United States imposed sanctions (Van den Berg, 228). Currently the U.S. has sanctions imposed on countries such as Burma, North Korea and Cuba. The Cuban sanctions date back to the 1960’s. Sanctions can be imposed by one or several countries and come in a variety of shapes and sizes. This paper will examine trade and economic sanctions, the effectiveness of sanctions, as well as evaluate the sanctions the United States has imposed upon Iraq, Cuba, and North Korea. Trade sanctions, according to International Economics A Heterodox Approach, are trade restrictions imposed by a country in order to punish or persuade another country to change objectionable policies or behavior. Sanctions can be imposed either unilaterally or by a group of countries, or an organization such as the League of Nations, or the World Trade Organization. Trade sanctions can range from mild, selectively concentrating on a certain aspect of the economy, to extreme, targeting a countries entire economy (Barber 368). Trade sanctions can be used when military action is considered too extreme, but diplomatic protest is too meager. Trade sanctions are not without cost, but they are much less costly than other alternatives. A “sender” country imposes a sanction on another country to restrict its imports and exports, or to impede the country’s finances. The discomfort from a trade sanction is usually felt by the target...
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