...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 in September 2011, the day gold hit...
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...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 in September 2011, the day gold hit...
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...know that this is the motto of Switzerland. In 2002, Switzerland was asked to join the European Union, but immediately declined the invitation. In fact, Switzerland is so great and their government thinks so highly of itself, that they believe that there is no place for them in the European Union. Switzerland ranks high in several metrics of national performance. According to Credit Suisee, Switzerland has the highest nominal wealth per adult in the world and the eighth highest per capita gross domestic product. Swiss citizens also have the highest life expectancy in the world and the country spends the most money in the world on healthcare. Zürich and Geneva, two major cities in Switzerland, have both been ranked among the top cities in the world with the highest quality of life. Established on August 1, 1291, Switzerland has a current population of 8 million. The country is known for being neutral and avoiding warfare; they have not been involved in a war since 1815 and did not join the United Nations until 2002. Switzerland is frequently involved with peace-building around the world; in fact, the Red Cross came from Switzerland. Swiss values are federalist in nature and the country runs under a direct democracy. Education is very important in Switzerland; there are more public schools than private schools nationwide. Advanced classes are mandated for students who perform exceedingly and students who learn more slowly work at a normal pace for their courses. The University...
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...Arissa Wade Professor Barr Section 16 29 August, 2014 “Tell ‘Em We are Rising” –Richard R. Wright Sr. “Sir, tell them we are rising” (Richard R. Wright Sr.) was a statement targeted to northerners that southern blacks had just been freed from slavery and were on the come up. By come up, I mean that they now could go beyond picking cotton in the fields and receive an education, join the army or do whatever they wanted to because they were free. The freeing of slaves led to great things for President Wright. He served in the army, became very successful and had a lot of involvement with National Freedom Day. He strived to make African Americans a part of history according to Kachun (285). Richard Wright Sr.’s accomplishments and hardships influence my mission statement as a future SSU graduate and complies with an analysis of National Freedom Day and why it is important. My understanding of Richard Wright Sr.’s accomplishments and hardships is that no matter where people came from or how they grew up, if they want something they should fight for it. Things are not just handed to them and to become someone special and have a legacy, it is not going to happen overnight. “If a former slave can become an educator, politician, bank entrepreneur etc.” (Wharton Alumni Magazine) anyone in this world can be successful. Everyone goes through certain things and sometimes it is hard but people can’t let that stop them. Whatever it is, they should take it as a lesson learned and...
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...Explore how the fiftieth gate and one other related text of your own choosing represent history and memory in unique and evocative ways. The interplay of history and memory combine to provide greater insight into events. Through the manipulation of textual forms and features, Mark Bakerʼs hybrid text “The Fiftieth Gate” expands and humanizes oneʼs understanding of the Holocaust in unique and evocative ways. A unique feature of the text is clever fusion between personal accounts and documented history using mediums such as, interviews, official documents, poetry and song. This enhances the stories of the authorʼs parents, Yossl and Genia, whilst evocatively capturing the atrocities of the Holocaust. The relationship between history and memory is further explored in Kevin Ruddʼs “Sorry apology to Stolen Generations”. Bakerʼs “The Fiftieth Gate” suggests that memory humanises historical events, juxtaposed by the emotionless discourse of history in unique and evocative ways. Baker provides insight into the historical events associated with the Holocaust,emphasising number of deaths that occurred during the genocide. In Gate 26, Baker explores the deaths Geniaʼs parents witnessed in the lines, “Among 1380 people, one family survived by chance. They were Leo Krochmal and his wife Rosa who witnessed the shooting,” The impersonal tone and simple language in the lines underscores the straightforward and detached nature of history. In contrast, the recount of Genia hiding...
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...Perfectly Preserved I attended the Big Morongo Valley Preserve on National Public Lands Day. My mom drove me to Morongo Valley on September 30, 2017. The rangers spoke to us about what I did to better the preserve. I chose to trim trees and clear walking paths. Two rangers explained how to properly trim trees to not harm plants. Trimming branches allows trees to grow healthy branches and leaves by the “removing of dead matter” (“Tree Trimming: Why It Is Important”). To successfully clear each path, the group of volunteers and I took five pairs of different shears, gloves, and tarps to place the clipped branches. Trees create a long lasting impression on people as well as “the effect of the mood” on the community (Evens, Erv “Trees of Strength”)....
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...This is so shocking.. ..If black money deposits was an Olympics event.. India would have won a gold medal hands down. The second best Russia has 4 times lesser deposit. U.S. is not even there in the counting in top five! India has more money in Swiss banks than all the other countries combined! Recently, due to international pressure, the Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it.. Indian government is not asking for the details... ..no marks for guessing why? We need to start a movement to pressurize the government to do so! This is perhaps the only way, and a golden opportunity, to expose the high and mighty and weed out corruption! . Please read on..and forward to all the honest Indians to.. like somebody is forwarding to you... and build a ground-swell of support!for action ! . Is India poor, who says? Ask the Swiss banks. With personal account deposit bank of $1,500 billion in foreign reserve which have been misappropriated, an amount 13 times larger than the country's foreign debt, one needs to rethink if India is a poor country? DISHONEST INDUSTRIALISTS, scandalous politicians and corrupt IAS, IRS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion, which have been misappropriated by them. This amount is about 13 times larger than the country's foreign debt. With this amount...
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...SWISS WATCHES - Industry Analysis - Student: Calin Mihai - Daniel Master: MBAE AIA E Course Title: Strategic Management Course Instructor: Popescu Cristian Introduction Country Economic Overview Switzerland is a standout amongst the most well off, macroeconomically steady and exceedingly aggressive nations on the planet. The nation has accomplished its aggressiveness in spite of a landlocked area, absence of normal assets and a little residential business sector. Stable political establishments, gradualist strategy changes and financial mix with the EU27 are at the center of Swiss macroeconomic aggressiveness. Swiss microeconomic intensity is driven by an exceptionally solid national business environment over the jewel, and 4 very creative, send out orientated, co-found bunches: Financial Services, Precision Engineering (counting watchmaking), Biopharmaceuticals, and Medical Technology. These bunches have however created notwithstanding a nonattendance of deliberate government group arrangements. To support and update its national intensity, we prescribe the Swiss government execute an incorporated bunch procedure, facilitate its scattered monetary policymakers around an arrangement of national financial destinations, lessen non-duty boundaries to exchange, establish changes to make beginning up and slowing down organizations less demanding, and fit business, assessment and speculator insurance direction...
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...the success story that it is today; in the late nineteenth century Switzerland was a poor nation and its major exports were mercenaries and emigrating citizens. By the early period of the twentieth century, Switzerland had emerged as an industrial nation of importance despite its small size. Switzerland was one of the richest nations in the postwar period and by the 1960 using some measures, Swiss per capita income was the highest in the world. The wealth of Switzerland is the outcome of national competitive advantage where there are shockingly numerous competitors in a wide range of advanced manufacturing and service industries and Switzerland a small nation was able to establish their competitive advantage over large nations and their competitors. The industrial success has allowed Swiss citizens to be employed at high wages and for many years the unemployment has affected less than two hundred people. Swiss companies include amongst them Nestle, Hoffman-Laroche, Sandoz, Ciba-Geigy, Schindler, Landis and Gyr, and Lindt and Sprungli, are the most global of any nation. The top Swiss multinationals employ more people outside of the country than in Switzerland. Being a small nation without a large home market for example as in Japan or the U.S. one can still be...
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...17-04-2009. Afterward different world governments, particularly those in the West, have increasingly begun targeting tax havens and intensely began pursuing black money. The US, and France particularly began a huge campaign against the evil of black money. The estimates black money lodged in tax havens by global financial institutions like the International Monetary Fund reached as high as $18 trillion. The instability in the global financial order itself was traced to the evil money. So the issue has now acquired a totally different dimension. In the first Interim Report, the Task Force had suggested broad national and global strategy for dealing with the menace of black money out of the country. The substance of the recommendations of the Task Force in the First Interim Report is summarized here: Global Strategy: • Creating a powerful public opinion and broad national consensus on the issue. Those who do not support the move should be seen as supporters of black economy. • India must become a very active player in the G-20 efforts against secret banking and tax havens. • India must urge the German government to provide the details of the Indian names from the LGT bank’s secret records. The BJP, if voted to power, must 2 send a special emissary to Germany, which is willing to give...
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...Emerging Trends in Healthcare A Journey from Bench to Bedside 17 February 2011 © 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Acknowledgement India’s competitive advantage lies in the lower production and research cost, its large pool of low cost technical and scientifically trained personnel, and large number of compliance certified manufacturers and service providers, which make us different from others. ASSOCHAM feels that technology incubation is no longer confined to a few institutions; it is a responsibility that we have to share, if we wish to see a better and a healthy future ahead. There is an immense need to develop skilled manpower in the area of healthcare and modern as well as traditional medicines. I am glad that this Summit on Emerging trends in Healthcare will bring forth the journey from research desk to the bedside of patient, as we will look at healthcare at the frontline to identify some common challenges that may help explain the complex nature of healthcare and the scale of the “change” challenge. I wish to thank KPMG for unanimously contributing towards this Knowledge Paper, which gives a rich and comprehensive insight of the trend in healthcare. I would also take the opportunity to thank QCI for supporting this event. The case studies contributed providing the best of...
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...I. Cultural Analysis Introduction : Switzerland is a landlocked country geographically divided between the Alps, the Central Plateau and the Jura. Its area is 41,285 km2 (15,940 sq mi). The Swiss population of approximately 7.8 million people concentrates mostly on the Plateau, where the largest cities are to be found. Among them are the two global cities and economic centers of Zürich and Geneva. Switzerland is one of the richest countries in the world by per capita gross domestic product, with a nominal per capita GDP of $67,384. Switzerland also has one of the world's largest account balances as a percentage of GDP, only placing behind a few oil producing countries. Zürich and Geneva have respectively been ranked as the cities with the second and third highest quality of life in the world. In 2010, World Economic Forum deemed Switzerland the world's most competitive country. II. Brief discussion of the country’s relevant history Switzerland’s geographical position with its transit routes over the Alps made it a desirable possession for European great powers through the ages. Switzerland developed slowly over many centuries, as more and more regions came together to form a loose confederation whose members gave each other mutual support. At times their different interests stretched the bonds between them almost to breaking point. It was only in 1848 that Switzerland became a more centralized federal state. This favored its economic development and ended any possibility...
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...The International Committee of the Red Cross Managing Across Cultures Case study Reference no 408-061-1 This case was written by Sowon Kim and Professor Susan Schneider, HEC-University of Geneva. It is intended to be used as the basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation. The case was compiled from published sources. © 2008, HEC-University of Geneva. No part of this publication may be copied, stored, transmitted, reproduced or distributed in any form or medium whatsoever without the permission of the copyright owner. ecch the case for learning Distributed by ecch, UK and USA www.ecch.com All rights reserved Printed in UK and USA North America t +1 781 239 5884 f +1 781 239 5885 e ecchusa@ecch.com Rest of the world t +44 (0)1234 750903 f +44 (0)1234 751125 e ecch@ecch.com 408-061-1 THE INTERNATIONAL COMMITTEE OF THE RED CROSS: Managing Across Cultures This case was written by Sowon Kim, Ph.D. candidate, and Susan Schneider, Chaired Professor of Human Resources Management at HEC – University of Geneva. The case was made possible through the generous cooperation of the International Committee of the Red Cross. The case is intended as a basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation. © 2008 HEC – University of Geneva. All rights reserved. No part of this [publication may be copied, stored...
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...GM614 Global Advertising Professor Christin Walth Jenessa Carder, Chia-Ying Chen, Fango Lin, Yi-Hsuan Su, Ya-Ling (Claire) Wang, Winette Yee May 5, 2010 Swatch: The Global Watch The IMC Plan in Brazil, Japan, and Switzerland 1 Statement of Purpose Swatch (‗Swiss‘ + ‗watch‘) watches, created under the management of Nicolas Hayek, are fashion statements and pop-culture icons. They feature witty, outlandish designs that use intense colors and are youthful, provocative, stylish, and unpredictable. The mission of the IMC campaign is to tie the brand image with creative art in order to tell the brand story, strengthen Swatch‘s brand identity among the target audience (young students or professionals, aged 18-25) globally, and consistently incorporate different and relevant mediums (print ad, website, MTV – user-generated content, and online communities) to reach the target audience. The multi-country marketing analysis of The Swatch Group will aid in developing the IMC strategy and campaign for Swatch‘s CreArt (‗creativity‘ + ‗art‘) Collection in the following three countries: Brazil, Japan and Switzerland. When reading this, please be aware that Swatch did not impose an integrated marketing campaign in Brazil; rather, they only held one event and communicated to customers through Twitter. Therefore, the Brazil section is composed mostly of what The Swatch Group should do in order to meet their objectives. Furthermore, the cultural dimensions and components that will affect...
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...iTHE INTERNATIONAL COMMITTEE OF THE RED CROSS (ICRC): MANAGING ACROSS CULTURE ‘We were an orgn made up of Swiss generalists. We are becoming a multicultural and professional enterprise.” 1. INTRODUCTION Dr. Jacques Stroun, M.D. – (1999) Director of Human Resources & Finance (before Head of Detention Division, Deputy Director of Operations) ICRC – provide humanitarian relief, Humanitarian ‘Multinational’ Organisation Home base: Geneva, Switzerland Orgn Values – Neutrality, Independence, Discretion & Humanism Total Workforce – (2008) over 14,000 over 100 nationalities Until recently – ICRC is very Swiss , very Genevoise Expatriate – open to all nationalities but 93% is westerners (1992) Changing expatriate composition – expatriates number increasing – Africa, Asia & Latin America HR Policy – recruitment from Geneva – sent to field with ‘learning by doing’, operate under sense of danger, meeting immediate challenges, focus on short term, quickly develops and reinforces team and team loyalties, rotation every 12 months, no formal training, no continuity for developing people, Career - little career planning, career developed through interpersonal networks & driven by opportunities, most recruits stayed for 2 to 3 years, no management development, those remain and reach top of HQ –mostly Swiss male (old school boys club) CURRENT CHALLENGES – greater diversity in mgmt ranks – more professionals, foreigners and women. NEW STRATEGIC PLAN (2007 -2010)...
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