...1. What was the case about? (Summary of the Case) The case was about how one man single-handedly brought down one of the world’s most historic banks. The man was Nick Leeson and it happened from 1992 to 1995. He did it while holding the position of general manager to Barings Securities in Singapore. As general manager he oversaw both trading and back office needs, something uncommon in the industry due to the fact that it eliminated necessary checks and balances that would prevent such fraud from occurring. He had authority to deal in futures and options order for clients or other firms within Barings and arbitraging price differences between Nikkei futures traded on the SIMEX and Osaka exchange, it was a low risk strategy meant to make small profits. Where Leeson went astray was when he began unauthorized speculation in futures on Nikkei 225 stock index and Japanese government bonds. These trades where highly risky due to the fact that they involved a highly leveraged strategy and depended solely on the markets movement upwards. This strategy is a double edged sword because even though it provided devastating results for Leeson it could of also provided incredible gains if the market would have gone up. Leeson essentially bet that the Nikkei was going to rise. Once the loses started coming in Leeson opened up a secret trading account, account 88888. The account was initially set up to cover a mistake done by one Leeson’s traders in which she mistakenly submitted a purchase...
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...” -People who were into these types of discoveries were known as Naturalists or Scientists. Science was seen as a hobby -Religious -Firm creationists -His discoveries made him change his religious viewpoint -Because of him, science starts to become respected -He only talks about these controversial ideas with his closest friends T. H. Huxley -one of Darwin’s closest friends -His nickname was “Darwins Bulldog” -Had a middle class background -He was trying to live as a scientist. He was angry because science wasn’t respected. -Says science is all facts while religion is something where you can say whatever you want. -He pushes Darwin to publish “On the Origin of Species” (he doesn’t publish it until 20 years later) -He was aggressive and said he would defend Darwin -This all leads to religious doubt Scientists are agnostics – don’t know if there is a God or not. There is no proof and evidence is not available to determine if there is or isn’t a God. German Higher Criticism -A bunch of philosophers of the 1870s basically trying to save the Bible from science fiction -Argue that you have to get rid of the things that are purely supernatural elements to save the Bible -You don’t want to throw out the whole Bible – there’s still a lot of relevant things -Morals, ethics and legal codes are still relevant Social Darwinism -Application of Darwins idea to society -“Survival of the fittest” – competition in natural world ...
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...issue of leadership and how certain traits affect the leadership ability. Cricket is always about a calm mind and violent body (this golden rule always work in each and every sphere of life). Cricket provides a wonderful insight of this fact and how leadership helps in getting this thumb rule is the core of our project. In this project we look deep into the role of a leader and how leader inspires other through words. We tried to find out how emotional intelligence shapes the leadership ability. In this project we would be focusing on this issue and will come up with some live examples. Our paper also presents a deep insight on what takes place when leaders are tested and what is the shelf-life of a leader. Key –words : CRICKET,LEADER,EMOTIONAL INTELLIGENCE INVENTORY CAN BE MANAGED BUT PEOPLE MUST BE LED……. H.ROSS PEROT . In the words of Stephen R.Convey, management is efficiency in climbing the ladder of success, leadership determines whether the ladder is leaning against the right wall. Leadership is a perplexing issue. Winston Churchill who was instrumental in shaping the fate of British army in world war was rejected by the people of Britain in the parliamentary election of 1946. A Great War time leader was rejected for the sake of a better peace time manager. Some leaders are considered to be great war-time leader while some...
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...editorial support, and to Autrement for allowing me to make the English version accessible here. INTRODUCTION This book is about the history of money: how did it begin? how has it evolved to the present day? what has it enabled humans to achieve? and why do so many people in the world today have problems with it and suffer from the way it works? The book is also about the future: how may money develop further? how might we want it to develop? Humans are the only creatures that use money. Animals and birds and insects and fishes and plants exist together in the world without it. But in human societies the earning and spending of money has become one of the most important ways we connect with one another. Most of us have to have money. We need to get enough coming in to match what we need to pay out. We all need to understand at least that much about money. But there is more to it than that. Over the centuries, money has reflected changes in politics and government, in economic life and power, in science and technology, in religious and other cultural beliefs, in family and neighbourhood life, and in other aspects of how we live. And it has not just reflected those changes; it has also helped to bring them about. Knowing something about how that has happened can help us to see how the role of money in people's lives may continue to change, and how we think it should change, as an aspect of the future of our "global village". For young people growing up in the...
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...1983 2.Caribbean story Bk. I and II By Claypole, W Longman (new edition) 1987 3. Development to Decolonization by Greenwood R, Macmillan, 1987 4.Caribbean people Bk.I by Lennox Honeychurch. Nelson, 1979 The Migration of the Indians to the New World. It is believed that the people who Columbus saw when he came to the New World were nomadic hunters from central and East Asia who followed the buffalo and deer. When the herds moved, people moved after them because they were dependent on the animals for food. It is therefore suspected that the herds led the people out of Asia by the north-east, across the Bering Strait and into North America. They crossed the sea by an ice –bridge when it was frozen over during the last Ice-Age. They did not know that they were crossing water from one continent to another. Map 1 Amerindians migration from central Asia into North America. The Amerindians settled throughout North America and were the ancestors of the many Red Indian tribes we know today, as well as the Eskimos in the far north. In general, they were nomadic but some followed settled agricultural pursuits and developed civilizations of their own like the Mayas in South America (check internet reference for profile on this group, focus on level of development, structure of society, religion). The migration continued south through Central America into South America from where the Arawaks and Caribs migrated to the West Indies. The Arawaks and the Caribs can be traced by...
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...An Essay on Economic Theory An English translation of Richard Cantillon’s Essai sur la Nature du Commerce en Général An Essay on Economic Theory An English translation of Richard Cantillon’s Essai sur la Nature du Commerce en Général Translated by Chantal Saucier Edited by Mark Thornton 4 An Essay on Economic Theory © 2010 by the Ludwig von Mises Institute and published under the Creative Commons Attribution License 3.0. http://creativecommons.org/licenses/by/3.0/ Ludwig von Mises Institute 518 West Magnolia Avenue Auburn, Alabama 36832 mises.org ISBN: 978-1-61016-001-8 Foreword Robert F. Hébert Following a century of neglect, William Stanley Jevons, in the first blush of discovery, proclaimed Cantillon’s Essai, “the cradle of political economy.” Subsequent growth and development of economic thought has not really alerted us to the subtleties of this succinct appraisal. A cradle holds new life; and there can be little doubt that the Essai added new life to the organizing principles of economics. But “political economy” does not accurately describe the subject Cantillon addressed. Indeed, he scrupulously avoided political issues in order to concentrate on the mechanics of eighteenth-century economic life. When confronted by “extraneous” factors, such as politics, Cantillon insisted that such considerations be put aside, “so as not to complicate our subject,” he said, thus invoking a kind of ceteris paribus assumption before...
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...history are actually the three centuries before England settled in America. There were four changes happening in Western Europe that have greatly influenced America. Those changes were economic, political, religious, and intellectual (Fite 15). So why were these changes so important? They were the reasons that England decided to explore and expand in the western part of the world. The decision to expand trade and commerce was the most important advancement in the history of economics (Fite 15). From the time that the Virginia colonies were settled in 1609 up until 1890, farming was the most important aspect of the United States economy (Fite 30). Although manufactured products were worth more than products produced on a farm for the first time in 1889, farming was how the majority of Americans made a living (Fite 30). Despite the fact that agriculture dominated in these early years and the industrialization of the colonies was well under developed, “there was a high degree of specialization in the colonial economy” (Fite 63). For example, there were tobacco crops in the southern colonies which were crops that produced money, and in the northern colonies there was international trade with other continents (Fite 63). All of this called for a well-organized and planned distribution system (Fite 63). America had a significant increase in its economy during the beginning of the 18thcentury (Fite 102). After the Revolutionary War was over, so was the control that the British had...
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...How we ended up with 15 different kinds of plugs and sockets? There is 15 different types of power plugs and sockets in the world and those are named with letters from A to O. Main question is why we have those 15 different types of power plugs instead of one in whole world. All of this plugs works either with 50 Hz frequency or with 60 Hz and the voltage variate between 100 to 240 V. Around 80% of all the countries in the world use voltage between 220 to 240 V and the rest 20% use voltage between 100 to 127 V. Although the biggest user of lower voltage United States of America has started to use 230 V split in two 115 volts wire and that allows every possible appliance to plug in without concern of braking it. So maybe some point in future we only have one short voltage area. (International Electrotechnical Commission 2015), (H.McGregor 2015). Some history to this point to give a hint why we even end up needing these power plugs and sockets. All of this goes back to man named Joseph Swan who invented incandescent light bulb in 1878 and Thomas Edison who invented indoor light bulb which was huge invention at that time. Light bulb was huge invention at that time people were able to see in the dark house without candles. After many test and disappointments Thomas Edison was able to create lamp that lasted 13,5 hours 22nd of October in 1879 and he filed a patent for it and so it was the first commercial incandescent light bulb. After patenting the light bulb Thomas develop a...
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...face to face ,over the telephone, through apartment walls, or on internet. STAGES OF CONVERSATION PROCESS 2. There are five stages of conversation process Opening Feedback Feed forward Opening Closing 3. The opening. The first step is to open the conversation, usually with some kind of greeting. Greetings can be verbal or nonverbal and are usually both. Verbal greetings include, for example, verbal salutes ("Hi," "Hello"), initiation of the topic (The reason I called ") making reference to the other ("Hey, Joe, what's up?"), and personal inquiries ("What’s new?" " How are you doing?") Openings are also generally consistent in tone with the main part of the conversation, a cheery "How ya doing today, big guy?" is not normally followed by news of a family death. In opening a conversation, consider two general guidelines. Fist, be positive. Lead off with something positive rather than something negative. Say, for example, "I really enjoy coming here" instead of "Don't you just hate this place?" Second, don't be too revealing; don't self-disclose too early in an interaction. If you do, you risk making the other person feel uncomfortable. 4. Feed forward. At the second step there's usually some kind of feed forward. Here you give the other person a general idea of what the conversation will focus on. "I" ve got to tell you about Jack,"...
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...CHAPTER ONE INTRODUCTION 1. Improving of effective communication skills help us better understand a person or situation and enable us to resolve differences, build trust and respect, and create environments where creative ideas, problem solving, affection, and caring can flourish. As simple as communication seems, much of what we try to communicate to others and what others try to communicate to us, gets misunderstood, which can cause conflict and frustration in personal and professional relationships. By learning these effective communication skills, you can better connect with your spouse, kids, friends, and coworkers. In simply, its activity or process of expressing ideas and feelings or of giving peoples information. The successful communication include, basic four skills such as Listing, speaking Reading and writing. 2. As officers in security forces and police department, it is necessary to enhance abovementioned communication skills for betterment of our self and others. From the above mentioned skills conversation skills is important to work in any environment. There for learning of conversation skills very important as we communicate with each verbally and non-verbally. CONVERSATION 3. Conversation is the essence of interpersonal communication. In many scholarly views they are equivalent and among no scholars the words conversation...
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...Summary : I. The United Kingdom 1. The Make-Up of the UK 2. Constitutional Monarchy and Parliamentary Democracy 3. The Electoral System and Political Parties in the UK 4. The Current Political Situation 5. Devolved Administration in the UK II. The United States of America 1. The Make-Up of the USA 2. The Federal and Constitutional Republic of the USA 3. Political Parties in the USA 4. The Current Political Situation in the USA I. The United Kingdom 1. The Make-Up of the UK The United Kingdom of Great Britain and Northern Ireland is a constitutional monarchy and unitary state. It is made up of four individual countries, which are England, Northern Ireland, Scotland and Wales. It is governed by a parliamentary system and its seat of government is in London. There are also three devolved powers outside of the capital, located in Belfast, Cardiff and Edinburgh (the three capital cities of Ireland, Wales and Scotland respectively). There are also a number of islands that are constitutionally tied to the United Kingdom constitution, but that are not part of the UK. They are the bailiwicks (headed by a bailiff, appointed by the crown to administer) of Jersey and Guernsey (to the south of the UK) and also the Isle of Man, which is off the north-east coast of the British mainland. However, it is true to say that the majority of British might even get confused as to the difference between the United Kingdom of Great Britain and the British Isles...
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...allowed to smoke during the test. • Give both the test booklet and the optic answer sheet to the invigilator(s) when you leave. • Do not make any noise in the corridors when leaving the building. Gazimağusa, TRNC Section I – Language Features Instructions: Mark the best alternative for each blank in the sentences below. 1. Alicia is a student. _____ school is in New York. a) She b) Hers c) She’s d) Her 2. _____ Samantha swim? a) Do b) Was c) Can d) Is 3. A: “_____ does school start?” B: “In September.” a) When b) Where c) What d) Why 4. My father hates _____ computers. He will never get one. a) use b) using c) uses d) used 5. A: “Do we have fruit?” B: “There are _____ oranges in the fridge.” a) lot of b) a few c) little d) any 6. A: “How _____ do you visit your grandparents?” B: “Twice a month.” a) much b) many c) long d) often 7. I think Madrid is _____ place in the world. I go there...
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...quietly disappeared. His book stayed on the bestseller list for thirty weeks, though never above fourth place.' Costing 75?, the Bantam paperback edition appeared in 1964. By 1981, when the same edition went for $2.50, sales still held steady, between twenty and thirty thousand copies per month, about a quarter of a million copies annually. In paperback the novel sold over three million copies between 1953 and 1964, climbed even higher by the 1980s, and continues to attract about as many buyers as it did in 1951. The durabilityof The author appreciates the invitationof Professors Marc Lee Raphaeland Robert A. Gross to present an early version of this essay at the College of William & Mary, and also thanks ProfessorsPaul Boyer and John D. Ibson for their assistance. 1AdamMoss, "Catcher Comes of Age," Esquire, December 1981, p. 57; Jack Salzman, ed., intro. to New Essays on "The Catcher in the Rye" (New York:Cambridge UniversityPress, 1991), pp. 6, 7. 567 568 THE NEW ENGLAND QUARTERLY its appeal is astonishing. The...
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...INTRODUCTIONS are for anyone wanting a stimulating and accessible way in to a new subject. They are written by experts, and have been published in more than 25 languages worldwide. The series began in 1995, and now represents a wide variety of topics in history, philosophy, religion, science, and the humanities. Over the next few years it will grow to a library of around 200 volumes- a Very Short Introduction to everything from ancient Egypt and Indian philosophy to conceptual art and cosmology. Very Short Introductions available now: ANCIENT P H I L O S O P H Y Julia Annas THE ANGLO-SAXON AGE John Blair ANIMAL RIGHTS David DeGrazia ARCHAEOLOGY Paul Bahn ARCHITECTURE Andrew Ballantyne ARISTOTLE Jonathan Barnes ART HISTORY Dana Arnold ARTTHEORY Cynthia Freeland THE HISTORYOF ASTRONOMY Michael Hoskin ATHEISM Julian Baggini AUGUSTINE HenryChadwick BARTHES Jonathan Culler THE B I B L E John Riches BRITISH POLITICS Anthony Wright BUDDHA Michael Carrithers BUDDHISM DamienKeown CAPITALISM James Fulcher THE CELTS Barry Cunliffe CHOICETHEORY Michael Allingham CHRISTIAN ART Beth Williamson CLASSICS Mary Beard and John Henderson CLAUSEWITZ Michael Howard THE COLD WAR Robert McMahon CONTINENTAL PHILOSOPHY Simon Critchley COSMOLOGY Peter Coles CRYPTOGRAPHY Fred Piper and Sean Murphy DADAAND SURREALISM David Hopkins DARWIN Jonathan Howard DEMOCRACY Bernard Crick DESCARTES TomSorell DRUGS Leslie Iversen TH E EARTH Martin Redfern EGYPTIAN MYTHOLOGY Geraldine Pinch EIGHTEENTH-CENTURY BRITAIN PaulLangford...
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...Year 12 Henry VIII Revision Guide 1 How to answer questions on the Tudors Section A Essays: How far do the sources agree that? Introduction: Explain what you can learn from each source Briefly cross reference the sources Provide an argument in response to the question Main paragraphs: State a similarity or difference between the sources – make sure you focus on ‘How Far’ Select relevant information from the sources to support this point Place this in context using your brief own knowledge Use provenance to explain this similarity/difference Conclusion: Sum up how far the sources agree based on content and provenance Section B Essays: Do you agree with the view that? Introduction: State your line of argument – how far do you agree with the view? State the main similarities and differences between the sources Main paragraphs: State a reason for yes/no. Make sure you phrase this in a way that links to your line of argument and answers the question. Remember that each source will suggest a different reason for yes/no. Support this reason with evidence from the sources and your own knowledge Cross-reference between the sources Weigh up the evidence of the sources. Consider provenance for primary sources and judge secondary sources based on the evidence included and the weight given to certain evidence Link back to your line of argument Conclusion: Explain how your argument has been proven with reference to the sources and your own knowledge...
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