...massive financial panics the Fed has three specific tasks -- maximizing employment, stabilizing prices, and moderating long-term interest rates. Pretty much it wants to create a stable economy. 2. Pros and Cons Pros: * Our paper money is a "fiat" currency that can be printed without limit and has no real value – its value is only maintained by the "full faith and credit" of the government. Gold has real value due to its beauty, usefulness, and scarcity. * With a fiat currency the government can essentially manufacture money virtually out of nowhere. Since leaving the gold standard in 1971 US currency in circulation increased from $48.6 billion to over $1 trillion dollars in 2012. Between 1971 and 2003 the entire supply of money in the United States has increased by 1,100%. Under a gold standard, new money could only be printed if a corresponding amount of gold were available to back the currency. * Since leaving the gold standard in 1971, inflation has reduced the value of the dollar, and inflated the price of oil about 32 fold. In 1973, Saudi Arabia agreed to trade oil only in dollars. This created a new international demand for the fiat dollars the Fed was now printing and as more dollars flooded the world, general inflation in oil prices followed. When on a partial gold standard in the 1950s and 1960s the...
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...that a product receives grows rapidly. This makes it difficult for a potential customer to read them to make an informed decision on whether to purchase the product or not. This paper proposes a novel tool named as Opinion Comparator for analyzing and comparing consumer opinions on competing products. This tool is useful to both potential customers and product manufacturers. A potential customer can see a visual comparison of products, which helps him/her to decide which product to buy. For a product manufacturer, the comparison enables it to easily gather marketing intelligence. This tool shows the features of a product along with their polarity on a bar graph. This tool uses language pattern mining and it extracts product features from the reviews of the format containing Pros and Cons of a particular product. Experimental results show that the technique is highly effective as it summarizes product reviews given by different customers. It visualizes this summarization using bar graphs with opinion polarity which helps user for better decision making. 1. INTRODUCTION The Web has dramatically changed the way that consumer express their opinions. They can now post reviews of products at merchant sites and express their views on almost anything in Internet forums, discussion groups, and blogs. There are also dedicated review sites, e.g., epininons.com. With more and more people using the Web to express opinions, the number of reviews that a product receives grows rapidly. For...
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...The Gilded Age was a time period named by Mark Twain which incorporated a ton of social and economic problems. The gilded age had its share of pros and cons depending on what social class you were in. The gilded age also helped create many technical advancements and amazing inventions. On the other hand, the gilded age was a huge constructor of child labor. The gilded age had many pros but one that stands out is the technical advancements and inventions. During this period Henry Bessemer created a cheap and efficient way to produce steel, which also helped to influence mass production. The cost to produce a long ton of steel dropped from $49.81 to $7.47, which increased the production rate and decreased the labor requirements. Before steel...
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...Chapter 14 Review The environmental effects of gold mining can harm the environment in many negative ways. Gold miners removed enough rock to equal the weight of 50 automobiles to extract a little amount of gold. The leftover waste is piled near the mine sites and can pollute the air and nearby surface water. Mining companies also created a new mining technology called cyanide heap leaching to level entire mountains of rock. In order for them to extract the gold, they spray a solution of highly toxic cyanide salts. This cyanide is extremely toxic to birds and mammals drawn to these ponds in search of water and they can leak into the rivers posing as a threat to fish and other life forms. Geology is the science devoted to the study of dynamic processes occurring on the earth’s surface and in its interior. The core is the earth’s innermost zone. The mantle is a thick zone surrounding the core. The crust is the outermost and thinnest zone of the earth. The tectonic plates are various sized areas of the earth’s lithosphere that move slowly around with the mantle’s flowing asthenosphere. The lithosphere is the outer shell of the earth, composed of the crust and the rigid, outermost part of the mantle outside the asthenosphere. A transform vault is an area where the earth’s lithospheric plates move in opposite but parallel directions along a fracture in the lithosphere. Weathering is the physical and chemical processes in which solid rock exposed at earth’s surface is changed to separate...
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...ahead. All modules must be complete by the end of the quarter to give you the best chance of success in follow-on courses. Required Resources Textbook MyFoundationsLab Submission Requirements Print a screen shot showing completion of the Skills Assessment in Module 5 of MyFoundationsLab. Grading Rubric 0 points if you don’t turn in your screenshot. 50 points for completing your assessment and turning in your screen shot. 100 points for completing your assessment, earning a score higher than 75, and turning in your screen shot showing your gold star for Module 5. Note, there are three ways you can show mastery, and each of those will result in a gold star on the module in the Learning Path. First, you can take and pass the Skills Check. Second, you can work through all the topics that are recommended for you. Finally, you can take and pass the post test. All of these methods will generate the gold star on your Learning Path. Unit 6 Problem Set 1: Blimp Exercise Learning Objectives and Outcomes Apply analytical tools to a variety of problems. Assignment Requirements Complete the geometry questions and the exercise on the Blimp Worksheet. All steps must be clearly shown with units. If your rationale for obtaining the answer is not present, you will only receive half of the grade. The detail in this exercise requires you to be able to track what you do. Many questions build on answers to prior...
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...WORLD OF BITCOINS ¬¬¬ CONTENTS Page(s) 1. Introduction 3 2. Features of Bitcoin 4-9 3. Bitcoin Mining 10-11 4. Legality of Bitcoins in different countries 12-13 5. Pros and Cons of Recent Developments of Bitcoin 14-15 6. Legal Aspects of Bitcoin in India 16-19 7. Conclusion 20 8. References 21-23 INTRODUCTION We live in a world where transactions are made by traditional methods using separate currencies. This system has been implemented since the dawn of time. But for a more modern approach, a new form of currency called as crypto currency have been introduced by various organizations around the world. The first crypto currency to be introduced is the Bitcoin. Bitcoin is the creation of a computer programmer named using the pseudonym Satoshi Nakamoto that made its debut in January 2009. This is an open source, peer- to-peer, digital currency that has no physical manifestations. Unlike earlier digital currencies that had some central controlling person or entity, the USP of Bitcoin lies in its network being completely decentralized, with all parts of transactions performed by the users of the system. This is similar to the U.S. dollar so, Bitcoin is a fiat currency in that it is not redeemable for some amount of another commodity i.e. Bitcoin in itself...
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...PART 1 Company Allocation Ticker symbol | Company | | GICS Sector | GICS Sub Industry | Address of Headquarters | | BEN | Franklin Resources | | Financials | Diversified Financial Services | San Mateo, California | | FCX | Freeport-McMoran Cp & Gld | | Materials | Diversified Metals & Mining | Phoenix, Arizona | | The cost of capital of the aforementioned companies will be discussed in the following questions. The companies will be referred to by their Ticker Symbols henceforth. Question 1 BEN The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities and Exchange Commission (2013) provided the company filings data whereby BEN’s Form 10q, dated 29/07/2013, showed the following (included on page 2 of this report). The book value of long-term debt is $1,252.1 million, and the book value of equity is $10,402.3 million. The schedule of outstanding debt shows that this figure includes $54.5 million of FHLB advances and $1197.6 million of Senior Notes at various effective interest rates. The notes on Stockholders Equity and Non- Redeemable Non-Controlling Interests reveal that Franklin Resources Inc Stockholders Equity totals $9779.8 million whilst the Non- Redeemable Non-Controlling Interests (previously referred to as minority interests) totals $622.5 million. FCX The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities...
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...CHAPTER 1 Introduction Practice Questions Problem 1.8. Suppose you own 5,000 shares that are worth $25 each. How can put options be used to provide you with insurance against a decline in the value of your holding over the next four months? You should buy 50 put option contracts (each on 100 shares) with a strike price of $25 and an expiration date in four months. If at the end of four months the stock price proves to be less than $25, you can exercise the options and sell the shares for $25 each. Problem 1.9. A stock when it is first issued provides funds for a company. Is the same true of an exchange-traded stock option? Discuss. An exchange-traded stock option provides no funds for the company. It is a security sold by one investor to another. The company is not involved. By contrast, a stock when it is first issued is sold by the company to investors and does provide funds for the company. Problem 1.10. Explain why a futures contract can be used for either speculation or hedging. If an investor has an exposure to the price of an asset, he or she can hedge with futures contracts. If the investor will gain when the price decreases and lose when the price increases, a long futures position will hedge the risk. If the investor will lose when the price decreases and gain when the price increases, a short futures position will hedge the risk. Thus either a long or a short futures position can be entered into for hedging purposes. If the investor has...
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...CHAPTER 1 Introduction Practice Questions Problem 1.8. Suppose you own 5,000 shares that are worth $25 each. How can put options be used to provide you with insurance against a decline in the value of your holding over the next four months? You should buy 50 put option contracts (each on 100 shares) with a strike price of $25 and an expiration date in four months. If at the end of four months the stock price proves to be less than $25, you can exercise the options and sell the shares for $25 each. Problem 1.9. A stock when it is first issued provides funds for a company. Is the same true of an exchange-traded stock option? Discuss. An exchange-traded stock option provides no funds for the company. It is a security sold by one investor to another. The company is not involved. By contrast, a stock when it is first issued is sold by the company to investors and does provide funds for the company. Problem 1.10. Explain why a futures contract can be used for either speculation or hedging. If an investor has an exposure to the price of an asset, he or she can hedge with futures contracts. If the investor will gain when the price decreases and lose when the price increases, a long futures position will hedge the risk. If the investor will lose when the price decreases and gain when the price increases, a short futures position will hedge the risk. Thus either a long or a short futures position can be entered into for hedging purposes. If the investor has...
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...project in-novation and the ethical considerations behind them. In 2007 Melissa S Baucus expressed her concern for the fact that creativity researchers rarely discuss ethics. Although the num-ber of companies with ethical considerations is increasing and many are considering words such as sustainability and respect to human rights to their values and mission statements, still they are rarely consider in day to day of business planning and Innovation, Creativity, Stage Gate Controls are words which remain with a weak connection to ethics. The lack of ethical considerations has led to the creation of scenarios such as Colombia where multinational companies are developing new systems in order to extract the gold and other minerals hidden under the Colombian soil. Engineering Mining techniques are achieving the immediate goal, extract the material but they are doing it ignoring the more basic ethical considerations and to the cost of destroying both communities and environment. My hypothesis is that we need to include ethical and humanistic criteria in the stagegate control for companies and governments involved in any kind of project and in particular on those that have a potentially high impact on vulnerable communities and environments. For In the 1070s The ford pinto was the perfect example of the successful development of a product: manufactured in an efficient way and able to report important...
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... Data mining techniques for customer relationship management Chris Rygielski a, Jyun-Cheng Wang b, David C. Yen a,∗ a Department of DSC & MIS, Miami University, Oxford, OH, USA b Department of Information Management, National Chung-Cheng University, Taiwan, ROC Abstract Advancements in technology have made relationship marketing a reality in recent years. Technologies such as data warehousing, data mining, and campaign management software have made customer relationship management a new area where firms can gain a competitive advantage. Particularly through data mining—the extraction of hidden predictive information from large databases—organizations can identify valuable customers, predict future behaviors, and enable firms to make proactive, knowledge-driven decisions. The automated, future-ori- ented analyses made possible by data mining move beyond the analyses of past events typically provided by history-oriented tools such as decision support systems. Data mining tools answer business questions that in the past were too time-consuming to pursue. Yet, it is the answers to these questions make customer relationship management possible. Various techniques exist among data mining software, each with their own advantages and challenges for different types of applications. A particular dichotomy exists between neural networks and chi-square automated interaction detection (CHAID). While differing approaches abound in the realm of data mining, the use...
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...Introduction to Data Warehousing and Business Intelligence Slides kindly borrowed from the course “Data Warehousing and Machine Learning” Aalborg University, Denmark Christian S. Jensen Torben Bach Pedersen Christian Thomsen {csj,tbp,chr}@cs.aau.dk Course Structure • Business intelligence Extract knowledge from large amounts of data collected in a modern enterprise Data warehousing, machine learning Acquire theoretical background in lectures and literature studies Obtain practical experience on (industrial) tools in practical exercises Data warehousing: construction of a database with only data analysis purpose • Purpose Business Intelligence (BI) Machine learning: find patterns automatically in databases 2 •1 Literature • Multidimensional Databases and Data Warehousing, Christian S. Jensen, Torben Bach Pedersen, Christian Thomsen, Morgan & Claypool Publishers, 2010 • Data Warehouse Design: Modern Principles and Methodologies, Golfarelli and Rizzi, McGraw-Hill, 2009 • Advanced Data Warehouse Design: From Conventional to Spatial and Temporal Applications, Elzbieta Malinowski, Esteban Zimányi, Springer, 2008 • The Data Warehouse Lifecycle Toolkit, Kimball et al., Wiley 1998 • The Data Warehouse Toolkit, 2nd Ed., Kimball and Ross, Wiley, 2002 3 Overview • • • • Why Business Intelligence? Data analysis problems Data Warehouse (DW) introduction DW topics Multidimensional modeling ETL Performance optimization 4 •2 What is Business Intelligence (BI)? • From...
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...Arizona Statehood and Constitution Arizona and Federal Government November 18, 2012 Part 1: Arizona Statehood There are many events which impacted the process of Arizona becoming a state. Each of these events is not only historical, but they are what allowed the Arizona Constitution to be written in 1910 and to finally become a state in 1912. The Arizona Constitution, when first adopted, was seen as one of the most radical documents in the United States, and even today it still has many contrasts to the U.S. Constitution. Some of the events which helped to shape the Arizona Constitution, as well as make it an official state are the Pre-territorial Period, the Spanish Period, The Mexican Period, the U.S. Controlled Period, the Territorial Period and the impact of the Progressive movement on the creation of the Arizona constitution. First, the Pre-territorial Period is probably the most politically unknown because it is impossible to reconstruct how these prehistoric communities felt about politics and democracy. However, evidence shows that people inhabited Arizona for thousands of years before the Europeans. Indians were considered to be the “first citizens” established in Arizona, long before it became a state. There are three major cultures which lived in this state, which were the Apache, the Navajo, the Hohokam and Mogollon. The Hohokam disappeared around the mid 1400’s but historians do not know why. Each group was complex in their social organizations...
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...TABLE OF CONTENT 1. Introduction 1. Summary of the news 2. Objective 2. Discussion 2.1 Background 2.2 Effects 2.3 Monetary policy 2.4 Global effects 2.5 Cons 2.6 Reasons of decreasing interest rate 3. Reference 4. Original text 1. Introduction: 1. Summary: This news mainly suggests us that, China government has decided to reduce its interest rate by a quarter percentage point for both loaning and deposit. It is the first time of China to reduce interest rate since 2008. 2. Objective: Why china do this kind of change? What are the pros and cons after this change? How will it affect China itself and even the whole world economy? I would like to analysis the reason why China reduces the interest rate and using monetary policy to explain the effect after this action. 2. Discussion: 1. Background: Being affected by debt crisis, European counties are facing the economy recessionary problem very seriously. They have to cut down their imports, and the shrink of European market leads to the reducing of other countries output directly. As the “world factory”, (the largest production manufacturing in the world) China is affect too and has to cut down its output to Europe as a matter of course. We know that the net output can be directly linked to the country’s GDP. Cutting down of the demand will lead to slowing down...
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...Disclaimer for the Skill Gap Report: NSDC engaged IMaCS (ICRA Management Consulting Services Limited) to prepare this report, which is based on independent research and analysis done by IMaCS. This report is not based or derived from any other report or research paper. Any similarity with any other paper may purely be a co-incidence. All rights reserved. All copyright in this report and related works is solely and exclusively owned by NSDC. The same may not be reproduced, wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval of NSDC. This report is for information purposes only. While due care has been taken during the compilation of this report to ensure that the information is accurate to the best of IMaCSs’ and NSDC’s knowledge and belief, the content is not to be construed in any manner whatsoever as a substitute for professional advice. IMaCS and NSDC neither recommend nor endorse any specific products or services that may have been mentioned in this report and nor do they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed in this report. Neither IMaCS nor NSDC shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to...
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