...Contenido ------------------------------------------------- 1. – Datos de la industria financiera en México 1 2.- Sector bancario 2 3.- Sector seguros y fianzas 4 4.- Casas de bolsa 5 5.- PEGs y VCs 6 6.- Noticias de M&A en la industria 7 7.- Asociaciones en la industria 13 ------------------------------------------------- Industria Financiera El sector financiero está compuesto por diferentes empresas, entre las que destacan bancos, bancos de desarrollo, casas de bolsa, el mercado de valores, compañías de seguros y fianzas, uniones de crédito, SOFOLes, SOFOMes, sociedades de inversión, banca de inversión, grupos de capital privado, venture capital, pensiones y otros servicios complementarios. La parte bancaria del sector se desenvuelve mejor en un ambiente macroeconómico de bajas tasas de interés, inflación controlada y crecimiento sostenido ya que los bancos ganan de poder obtener recursos con bajo costo y prestarlos con ganancia. Una economía fuerte es una economía que requiere créditos para la inversión y el consumo, lo que beneficia al sector bancario. Datos de la industria en México * El sector financiero representa 4.8% del PIB mexicano al cuarto trimestre del 2011, de acuerdo al INEGI. * Se cuenta con sólo una bolsa de valores, la cual contaba con una capitalización de 729B de USD al término de 2010. Es la segunda más grande de Latinoamérica después de Brasil. * De acuerdo a BBVA Research el crédito bancario es la segunda fuente...
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...The trade winds not only collapsed, but they also reversed in the other direction. This caused severe weather related issues over most of the world. Indonesia, Africa, and Australia had a series of dust storms, brush fires, and serious droughts. The heaviest precipitation was recorded in Peru with over 11 feet of rain where the average was normally about 6 inches. From 1982 to 1983 the El Niño storms were responsible for approximately 2,000 deaths. Over $13 billion in damages in property and livelihood all over the world were a result from the powerful storms. Within this period, the thermocline of the South American Coast plummeted to about 500 feet. In less than a day, sea-surface temperatures along the coastal part of Peru rose to about 7 degrees fahrenheit. Aside from that, since the warm wet temperatures in the east coast of the US attracted mosquitoes, there were outbreaks of encephalitis happening all over. This period of phenomena caused a lot of destruction and severe medical conditions. In Montana, the dry hot weather made mice gravitate towards lower grounds in search of food and water, causing rattlesnakes to follow and thus biting more people. these snakes were venomous and their bites did a tremendous amount of harm to people. Within...
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...Please cite this paper as: Antolin, P. (2008), "Pension Fund Performance", OECD Working Papers on Insurance and Private Pensions, No. 20, OECD publishing, © OECD. doi:10.1787/240401404057 OECD Working Papers on Insurance and Private Pensions No. 20 Pension Fund Performance Pablo Antolin* JEL Classification: C80, G11, G23 * OECD, France PENSION FUND PERFORMANCE Pablo Antolin August 2008 OECD WORKING PAPER ON INSURANCE AND PRIVATE PENSIONS No. 20 ——————————————————————————————————————— Financial Affairs Division, Directorate for Financial and Enterprise Affairs Organisation for Economic Co-operation and Development 2 Rue André Pascal, Paris 75116, France www.oecd.org/daf/fin/wp ABSTRACT/RÉSUMÉ Pension Fund Performance This report provides an analysis of aggregate investment performance by country on a risk adjusted basis using relatively standard investment performance measures. The report also describes privately managed pension funds around the world and the regulatory environment they face. It compares pension funds across countries according to total assets under management and asset allocation, and briefly discusses certain issues surrounding the data reported by pension funds and regulators on investment returns. JEL codes: G11, G23, C80 Keywords: Investment performance, pension funds, returns on investment, asset allocation, Sharpe ratio, Markowitz mean-variance portfolio maximization. ***** La Performance des Fonds de Pensions Ce rapport...
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...controlar todo el mundo para que las ganancias siempre sean para algunos y las pérdidas para el resto. En el mundo actual, donde la problemática ambiental crece cada día más, donde la pobreza y la falta de oportunidades aumentan, la única solución recae en el desarrollo sostenible. Pero ¿son todas estas corporaciones aptas para realizar un cambio que conduzca a la sostenibilidad?. O la pregunta más indicada sería: ¿Están dispuestas estas corporaciones a cambiar? ¿Existe acaso la manera de encontrar un equilibrio donde las ganancias sean mayores que las pérdidas producidas por una externalidad? Este ensayo pretende mostrar las características de una corporación, las opciones de mitigación de externalidades y como, empresas como Doe Run en el Perú, está lejos de alcanzar la sostenibilidad. La Corporación: ¿Institución o Psicópata? Los creadores del film La Corporación, basada en el libro de Joel Bakan: La Corporación: La Búsqueda Patológica del Lucro y el Poder, presentan a esta como una paradójica institución que genera grandes cantidades de ganancias económicas pero que a su vez causa daños irreparables, algunos ocultos, siendo entonces psicópatas dominantes que atacan a la sociedad y al medio ambiente. Su único objetivo, ganar dinero. “Las corporaciones son creaciones artificiales, son monstruos listos para devorar todas las ganancias que puedan y a costa de quien sea” - Mark Archbar y Jeniffer Abbott (La Corporación)....
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...Task 1: Geography and the Development/Diffusion of Human Societies Part A: Mesopotamia is regarded as the birth place of civilization. “Historians believe that large civilizations began in Mesopotamia between 4,000 and 3,000 B.C.E.” (Wandrei, 2015). The most significant geographical factor that I feel contributed to the development of this society was the Tigris and Euphrates Rivers. These rivers are part of a larger area referred to as the “fertile crescent” due to its rich soil. The soil is extremely rich due to the large amount of silt (a mixture of rich soil and tiny rocks) deposits left from the rivers during flooding, making ideal farming areas. Although the area was ideal for farming it was still extremely difficult to do due to this regions climate that usually only produced ten inches or less of rain. So with the drought and still occasional flooding, the Mesopotamian society had to learn how to control these factors to be able to succeed in this region. They had to build an irrigation system to help protect their homes from the floods and move water to their fields during the droughts. With this irrigation system it allowed for them to have a surplus in crop. Also, having access to the rivers allowed for them to trade some of their surplus crops to obtain other needed supplies to help continue building their society. “With irrigation and the necessary drainage, southern Mesopotamia became a land of plenty that could support a considerable population” (Edzard...
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...George Walker Bush (born July 6, 1946) is an American politician and businessman who served as the 43rd President Of the United States of America from 2001 to 2009 and the 46th Governor of Texas from 1995 to 2000. The eldest son of Barbara and George H. W. Bush, he was born in New Haven, Connecticut. After graduating from Yale University in 1968 and Harvard Business School in 1975, Bush worked in oil businesses. He married Laura Welch in 1977 and ran unsuccessfully for the House of Representatives shortly thereafter. He ran for the Republican party. He made tax cuts which were named the bush tax cuts.Taxes were meant to be cut by $1.6 trillion this made him well liked throughout the county.He also formed the no child left behind act for the educational system. Many people were very skeptical about this at first believing that it would not work and after they saw the first few test results they were on board with the plan.President Bush supported adult stem cell research and umbilical cord blood stem cell research. However, Bush opposed any new embryonic stem cell research, and had limited the federal funding of existing research. Federal funding for embryonic stem cell research was first approved under President Clinton on January 19, 1999,but no money was to be spent until the guidelines were published. The guidelines were released under Clinton on August 23, 2000.They allowed use of unused frozen embryos. On August 9, 2001, before any funding was granted under these guidelines...
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...Chile Compared to the United States United States Chile Location: Southern South America, bordering the South Pacific Ocean, between Argentina and Peru. Total Land: 756,102 sq. km Coastline: 6,435 km Terrain: Low coastal mountains; fertile central valley; rugged Andes in east Climate: Temperate; desert in north; Mediterranean in central region; cool and damp in south. Border Countries: Argentina 5,308 km, Bolivia 860 km, Peru 171 km Notes: * the longest north-south trending country in the world. * Atacama Desert - the driest desert in the world - spreads across the northern part of the country. * The crater lake of Ojos del Salado is the world's highest lake (at 6,390 m). Natural Advantages: Natural Disadvantages: Severe earthquakes; Active volcanism; Tsunamis * Volcanism - significant volcanic activity due to more than three-dozen active volcanoes along the Andes Mountains; Lascar (elev. 5,592 m), which last erupted in 2007, is the most active volcano in the northern Chilean Andes; Llaima (elev. 3,125 m) in central Chile, which last erupted in 2009, is another of the country's most active; Chaiten's 2008 eruption forced major evacuations. Population Ethnicity * Total Population: 17, 067,369 (July ’12 est.) Religion Age Structure Notes * Literacy Rate: 95.7% * Average Life Expectancy:...
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...Historical Report on Race ETH/125 September 30, 2012 Renee Walker Historical Report on Race My dearest friend, I am writing to you today because I wanted to share with you the history of my ancestors. We recently talked about Native American culture and the hardships my ancestors have endured. Today I wanted to share with you some experiences that Native Americans had throughout U.S. history. As you know, Native Americans occupied America before it was America. It is said that Native Americans have lived on this land for 2000 years before Columbus arrived in 1492. At that time, Native Americans numbered in the millions. According to The Herndon (2012) website “ there were 100 million inhabitants in the New World, including the advanced civilizations of Incas in Peru, Aztecs in Mexico and Mayans in Central America, all of whom built cities, carried out trade, and made accurate astronomical observations.” As White settlers began arriving in the “new world”, the relationship between the Native Americans and the new white settlers became tense. The Native Americans were resistant to assimilating to the White culture and the White settlers viewed the Native Americans as heathens. The White settlers began forcing Native Americans off their land and claimed it as their own. Many of my people died as a result of this action. Over many years, our numbers were reduced from the millions to an estimated two hundred thousand. Because of the Indian removal act, our land was...
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...Fordham Law School FLASH: The Fordham Law Archive of Scholarship and History Faculty Scholarship 2010 Employment Discrimination in the Ethnically Diverse Workplace Tanya Kateri Hernandez Fordham University School of Law, THERNANDEZ@law.fordham.edu Follow this and additional works at: http://ir.lawnet.fordham.edu/faculty_scholarship Part of the Civil Rights and Discrimination Commons, and the Labor and Employment Law Commons Recommended Citation Tanya Kateri Hernandez, Employment Discrimination in the Ethnically Diverse Workplace , 49 Judges' J. 33 (2010) Available at: http://ir.lawnet.fordham.edu/faculty_scholarship/14 This Article is brought to you for free and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of FLASH: The Fordham Law Archive of Scholarship and History. For more information, please contact tmelnick@law.fordham.edu. .. . .......... By Tanya Kateri Hernandez a1cial integrto has long been the touchstone of racial progress in the 0 workplace. But integration is only the beginning of the struggle to end racial discrimination. As workplaces become more diverse, they do nor necessarily becomie less racially discriminatory. Diverse workplaces may be characterized by antagonism between people ofdifferent races. Interethnic discrimination may exist along side the discrimination that has traditionally occurred between blacks...
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...CHAPTER 1 Encounter I. Patterns of Indigenous Life 1. Geography and environment prompted Indigenous Americans to adopt different forms of social organization 1. Nonsedentary peoples 1. Mobile communities 2. Hunters and gatherers 3. Relatively simple social organization 4. Examples include 1. Chichimecas of northern Mexico 2. Pampas of Argentine grasslands 1. Semisedentary peoples 1. Often lived in forests 2. Relied on some agriculture as well as hunting 3. Built villages, but moved frequently 4. Employed “shifting cultivation” agriculture to take advantage of thin forest soil 5. Examples include Tupí people of Brazil 1. Fully sedentary 1. Permanent settlements 2. Often on high plateaus, rather than forests or grasslands 3. Stability allowed for complex societies 4. Employed irrigation to sustain agricultural base 5. Sometimes developed into city-states or empires 6. Highly stratified societies 7. Examples 1. Aztec empire 2. Maya empire 3. Inca empire 1. Empires of the Americas 1. Aztec empire 1. Aztec refers to the empire, not the people 2. In modern-day Mexico 3. Ruled by the Mexica people ...
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...PepsiCo From Wikipedia, the free encyclopedia Jump to: navigation, search This article is about the company. For the soft drink, see Pepsi. PepsiCo Inc. | | Type | Public | Traded as | NYSE: PEP NASDAQ: PEP S&P 500 Component | Industry | Foods, Beverages | Founded | North Carolina, U.S. (1965 (1965)) | Founder(s) | Donald Kendall, Herman Lay | Headquarters | Purchase, New York, U.S. | Area served | Worldwide | Key people | Indra Nooyi (Chairman & CEO)[1] | Products | See list of PepsiCo products | Revenue | US$ 57.838 billion (2010)[2] | Operating income | US$ 08.332 billion (2010)[2] | Net income | US$ 06.338 billion (2010)[2] | Total assets | US$ 68.153 billion (2010)[2] | Total equity | US$ 21.476 billion (2010)[2] | Employees | 294,000 (2010)[2] | Divisions | PepsiCo Americas Foods; PepsiCo Americas Beverages; PepsiCo Europe; PepsiCo Asia, Middle East & Africa | Subsidiaries | List of subsidiaries | Website | PepsiCo.com | PepsiCo Inc. (NYSE: PEP) is an American multinational corporation headquartered in Purchase, New York, United States, with interests in the manufacturing, marketing and distribution of grain-based snack foods, beverages, and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc. PepsiCo has since expanded from its namesake product Pepsi to a broader range of food and beverage brands, the largest of which include an acquisition of Tropicana in 1998...
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...1. INTRODUCTION 1.1 Brief History History of Pepsi:- Pepsi was first introduced as "Brad's Drink" in New Bern, North Carolina, United States, in 1893 by Caleb Bradham, who made it at his drugstore where the drink was sold. It was later labeled Pepsi Cola, named after the digestive enzyme pepsin and kola nuts used in the recipe. Bradham sought to create a fountain drink that was delicious and would aid in digestion and boost energy. In 1903, Bradham moved the bottling of Pepsi-Cola from his drugstore to a rented warehouse. That year, Bradham sold 7,968 gallons of syrup. The next year, Pepsi was sold in six-ounce bottles, and sales increased to 19,848 gallons. In 1909, automobile race pioneer Barney Oldfield was the first celebrity to endorse Pepsi-Cola, describing it as "A bully drink...refreshing, invigorating, a fine bracer before a race." The advertising theme "Delicious and Healthful" was then used over the next two decades. In 1926, Pepsi received its first logo redesign since the original design of 1905. In 1929, the logo was changed again. In 1931, at the depth of the Great Depression, the Pepsi-Cola Company entered bankruptcy – in large part due to financial losses incurred by speculating on wildly fluctuating sugar prices as a result of World War I. Assets were sold and Roy C. Megargel bought the Pepsi trademark. Megargel was unsuccessful, and soon Pepsi's assets were purchased by Charles Guth, the President of Loft Inc. Loft was a candy manufacturer with retail...
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...Bob Dylan, noted singer-songwriter Singer-songwriters are musicians who write, compose and sing their own musical material including lyrics and melodies. As opposed to contemporary popular music singers who write their own songs, the term singer-songwriter describes a distinct form of artistry, closely associated with the folk-acoustic tradition. Singer-songwriters often provide the sole accompaniment to an entire composition or song, typically using a guitar or piano; both the compositions and the arrangements are written primarily as solo vehicles, with the material angled toward topical issues—sometimes political, sometimes introspective, sensitive, romantic, and confessional. Contents [hide] * 1 History * 2 North America, United Kingdom, and Ireland * 3 Cantautori, the Italian tradition * 4 Latin traditions * 5 Soviet Union and Russia * 6 Bulgaria * 7 Romania * 8 Netherlands * 9 Norway * 10 Periodicals that include coverage of singer-songwriters * 11 See also * 12 References * 13 Further reading | ------------------------------------------------- [edit]History Théodore Botrel The concept of a singer-songwriter can actually be traced to ancient bardic culture, which has existed in various forms throughout the world.[citation needed] Poems would be performed as chant or song, sometimes accompanied by a harp or other similar instrument. After the invention of printing, songs would be written and performed by ballad sellers. Usually these would...
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...This paper proposes to use Zara as a case study to analyze the internationalization process and its impact on the international context. Through the analysis, it seeks to gain some insights from this Spanish fashion retailer’s internationalization strategies that we could learn and apply in international business today. Zara started as a clothing retailer in Spain in 1975 and became incorporated within Inditex in 1985 (Keeley and Clark 2008). From its first inception, Zara focused its growth in the domestic market. In 1988, Zara was motivated to search for new markets when the Spanish market became saturated. From 1989 to 1996, Zara expanded into markets geographically. From 1997 to 2005, the internationalization experience acquired has enabled Zara to expand rapidly disregarding the geographical distance and cultural differences (Lopez and Ying 2009). Zara has 1,723 stores located in 77 countries by end 2010. Overseas sales contributed more than 60% of its total sales (Inditex 2012). Push and pull factors influenced Zara’s global expansion. The limited market growth opportunity in Spain was the key push factor to expand internationally. The key pull factors were (i) Spain’s entering the European Union in 1986 and (ii) globalization of economies that creates potential economies of scale. Other pull factors include the lifting of export barriers and information technology advancements (Lopez and Ying 2009). Initially, Zara followed the ‘Uppsala Internationalization...
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...Environmental 8 Appendix 2 9 SWOT ANALYSIS 9 STRENGHTS 9 WEAKNESSES 10 OPPORTUNITIES 10 THREATS 11 References 13 Bibliography 13 Introduction This report provides an analysis and an evaluation on PepsiCo and how they apply the concepts of marketing and there customer segmentation models. This analysis includes Market segmentation, market targeting, Market positioning. PepsiCo International PepsiCo is a world leader in the convenient snacks, beverages and also the foods. The company has revenues of more than $39 billion and has over 185,000 employees. The company consists of PepsiCo Americas Foods, PepsiCo Americas Beverages, and PepsiCo International. Besides owning the Pepsi brands the company owns many brands such as Walkers Crisps, Tropicana, Gatorade, Mountain Dew and Quaker Oats. The company’s products are really highly recognised as well as recognised across the world. The company has attained a position of being the leader in soft drink bottling, the world’s largest snack chip producer and also the worlds largest franchised and company operated restaurant system. PepsiCo Mission Statement “Our mission is to be the world's premier consumer Products Company focused on convenient foods and beverages. We seek to produce financial rewards to investors as we provide opportunities for growth and...
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