of Pittsburgh (NUFIC) and Hartford Steam Boiler Inspection (HSB). Their financial information are consolidated in AIG’s financial statements. The scandal also involves another corporation General Re Corporation. General Re is a subsidiary of Berkshire Hathaway, Inc., an investment group run by the billionaire Warren Buffet. General Re also has subsidiaries all over the world and together and it is one of the biggest reinsurance companies in the World. Reinsurance companies are entities that insure
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EU regions and U.S states, and why this may be a cause for concern. Regional disparities in unemployment rates are dramatically significant in Europe. In 2001, the average unemployment rate in the EU was 7.8%, but it ranged from 1.7% in Berkshire (UK) to 24.9% in Calabria (Italy).[1] These disparities are present even within single countries, where the range of unemployment rates is much higher than in the US. Disparities in European regional unemployment rates are also extremely
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This is an essay on the automotive industry. The writer is the Chief Executive of one of the car companies in the world and she will be looking at the car manufacturing industry to see how well the other companies are doing. She is going to be looking at things like their revenue, how much profit and losses they have made in the past years. Also the Chief Executive will be looking at the number of workers employed under the companies. The number of cars they produce and sell in a year will be analysed
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Betting Against Beta Andrea Frazzini and Lasse H. Pedersen* This draft: October 9, 2011 Abstract. We present a model with leverage and margin constraints that vary across investors and time. We find evidence consistent with each of the model’s five central predictions: (1) Since constrained investors bid up high-beta assets, high beta is associated with low alpha, as we find empirically for U.S. equities, 20 international equity markets, Treasury bonds, corporate bonds, and futures; (2) A
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Corporate Bonds: Background Bonds may be registered (bondholder’s name is kept in a file) or held as bearer bonds (anyone possessing the bond may sell it or collect interest payments and face value). Each bond round of sales is called a “series.” So the company’s Series M bond issue might have occurred in 2003; and its Series N issue might have taken place in 2005. It might be that the total amount the company raised in its Series M equaled $600 million; and the amount raised (borrowed) in its
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1 INTERNET AUCTIONS AND GAME THEORY Table of content I. INTRODUCTION ................................................................................................................................................ 3 II. MAIN PART........................................................................................................................................................ 4 1. EBAY AND INTERNET AUCTIONS TYPES
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Trespass has been said to be one of the most ancient form of torts. It developed even before the presence of the police force, to provide protection against the physical interference to person, land or property. The statement has made specific reference to the tort of trespass to person, in regards to the extent of intention needed to determine that a trespass to person has occurred. As such this essay will examine the tort of trespass, with reference to both UK and Malaysian cases in order to make
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2.1 product and services marketing 3. Critically examine the winning strategy of Indigo Airlines which has recently posted net profit. Identify and evaluate the reasons for the failure of other Airlines. INDIGO AIRLINES Was an American airline headquartered in Chicago, Illinois. It is generally regarded as the world's first business jet airline. It was founded in 1997 by aviation veteran and University of Chicago graduate Matt Anderson business executive and Embry-Riddle Aeronautical University
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"In my whole life I have known no wise people (over a broad subject matter area) who did not read all the time – none zero. Investing requires a broad knowledge. My children think I’m a book with a couple of legs sticking out” - - Charles Munger I had been trying to get this in order but it never seemed to end. I am not a bookworm who reads a new book every week. I would rather go back to my old library and read any of the books or a chapter from a book rather then read something new. I must
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All good managers need leadership skills, but not all effective leaders need management skills. To be good mangers need leadership skills as well as managerial skills both skills are necessarily for the organizational management. What is leadership? When people think of leaders, mostly mean politic leader like Churchill, Hitler, Morgan, Nikson and so on but now in the 2010; leaders concern and involve in the business and organization roles rather than the politician who tend to be at the
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