...Introduction Nowadays, we live in a world that is converging in a fast-paced as a result of globalization with its active forces—leading to the tremendous rise in global capitalist economy. The demand for energy continue to sky-rocket in this modern world whilst major players in the world today; such as the United States, countries in the European Union and Japan are at alert in the sense that, China, one of the world fastest growing economy has been considered as a new competitor in the competition of securing a long term energy supplies around the globe. As China’s economy is rapidly growing and in other to acquire the needed resources to support its rapid growth, the government have taken a great step in focusing in other part of the world to secure oil which they deemed necessary coupled with other raw materials across the world. The rising economy of China was stated to have grown in an extraordinarily large number of nine (9) per cent per annum in the last twenty five (25) years whereas its consumption of energy has been said to have doubled to the extent that it outstripped the production of domestic energy. (Africa-practice report, 2007, p.2) Significantly, to catch up with the demand of its market, the economic powerhouse has channelled its attention to Africa. A continent widely known for its social and political unrest, though Chinese active involvement in Africa is a necessary mission in other for them to secure new export market for their manufactured goods, there...
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...fundamentals? “In an internal boom-bust cycle, an initial market upswing entices new investors and rising prices until additional capital or investors’ nerves are exhausted.”(Evanoff, Kaufman, and Malliaris, 2012). “This process can be amplified by capital rules that encourage banks to increase leverage when the economy is expanding and loan losses are low.” (Hanson, Kashyap, and Stein, 2011). “In the ensuing bust, a credit crunch can occur as participants switch from lending too much to lending too little.” (Brunnermeier, 2009). A selling point for some macroeconomic measures is their early-warning potential, which derives from the view that large-scale systemic imbalances should be visible in appropriately constructed aggregate measures (Alessi and Detken, 2011). For example, the Basel Committee proposed an increase in banks’ capital requirements when the ratio of a country’s total credit outstanding to its GDP rises above...
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...Introduction Credit rating agencies play a key role in todays and the last century’s financial life. Their function is to analyze and then publish country’s and firm’s or basically any financial entity’s/product’s creditworthiness. However, their defining impact on today’s economics is goes way beyond their definition. The Three Big, Moody’s, S&P and Fitch are in possession of 95% market share, that means the competition is negligible. The lack of competition multiplies their individual effect on the markets and raises the question of whether they work with the moral standards today’s stakeholders are expecting from them. (The Role Played by Credit Rating Agencies in the Financial Crisis, Asian Development Bank Institute, 2012) Major investors and creditors are knowingly deciding about their financial moves based on a very narrow and far from comprehensive information. The three bigs ratings are certainly part of these data and they do have major consequences on whether a company will invest in a certain country or on what terms will a bank lend capital to a given enterprise. If we go even further, we can see that credit ratings will have impact on a country’s fiscal and monetary policies, industries’ success or in many case failure, and through that, on people’s everyday life and economic well-being. Now that the concept of ratings are not so abstract, let’s take a look at how they relate to the financial crises. The 2007 credit crisis were caused by the overvaluation...
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...PLEASE NOTE: THIS SAVINGS CERTIFICATE MAY BE USED ONLY ONCE AND CANNOT BE ACCEPTED ON ANY SUBSEQUENT TRANSACTION OR AFTER 08/31/2015 One time use only. No copies please. Non transferable. Take 20% off one single item. Present this Savings Certificate. Savings Certificate Expires 08/31/2015 Valid for instore use only. Copies not accepted. Limit one coupon, Savings Certificate, special offer or discount per item. Cannot be combined with a price match. Coupon must be surrendered at time of purchase; any return of purchase will reduce your savings proportionately. The discount cannot be applied to gift cards, shipping, or sales tax. Offer excludes the following: Alessi, Arthur Court, Blaze, Breville®, Britto™ Collection, Brookstone®, Bosch Stand Mixers, College Campus Collections, Dimond, Elk, DKNY, Fitbit™, iRobot® Roomba® 800 Series Vacuums, Karastan, kate spade, Kenneth Cole Reaction Home, KitchenAid® PROLINE, Kosta Boda, Landmark, Le Creuset®, Lladró®, Miele, Minka Aire, Monique Lhuillier, Nambe®, Naturepedic, Nautica®, Nespresso, Nutrimill, Orrefors, Quoizel, Riedel, Shun, Swarovski, Swash™ Express Clothing Care System (sku's 43127511 and 43127528), Swiss Diamond, TTech, Vera Wang®, Victorinox Luggage, Vitamix, Waterford®, or Wusthof® and Bedding Essentials Kits. Alcoholic beverages excluded where required by law, Baby Brezza®, Baby Jogger™, Babyletto™, Babymel™, BÉABA®, Bugaboo, Bumbleride™, clek®, CYBEX, DaVinci™, Destination Maternity®, Ergobaby™, Foundations®...
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...1344493 IN COLLABORATION WITH ROYAL DOCKS BUSINESS SCHOOL BA (Hons) Accounting & Finance (Year 3) FE 3025 Issues and Controversies in Accounting Assignment Semester B/2014 Student: Nguyen Hoang Duc Student number: 1344493 Lecturer/Tutor: Mr. Le Van Lien Date of submission: April 28 2014 1 1344493 Contents 1. 2. 3. Introduction ........................................................................................................................................... 3 Body ...................................................................................................................................................... 3 Conclusion ............................................................................................................................................ 9 Reference .................................................................................................................................................... 11 2 1344493 1. Introduction Corporate Governance has become a fundamental problem for each corporation recently. The bankruptcy of Lehman Brothers – the fourth largest investment bank in US and the largest bankruptcy in US history has started the US financial crisis and spread all over the world. Since then, the corporate governance failures have exposed massively and Barclays is one of the obvious examples with Libor manipulation scandal in June 2012. The Chairman of the Treasury Select Committee, Andrew Tyrie MP...
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...THE IDEA OF ETHICS AND THE EUROZONE CRISIS Prepared for: Ms. Homayara L. Ahmed Assistant Professor Prepared by: Bijon Islam (Roll: 21) Faruk Ahmed (Roll: 20) EMBA 14th Batch IBA, Dhaka January 04, 2012 January 04, 2012 Ms. Homayara L. Ahmed Assistant Professor Institute of Business Administration University of Dhaka Sub: Term Paper Submission- The Idea of Ethics and the Eurozone Crisis Dear Madam: Thank you for giving us the opportunity for working on such an exciting topic. Looking at the Eurozone crisis from an ethical perspective reveals several insightful and interesting insights including a look into the idea of equality among the member states, financial camouflage practices and the focus on immediate gains both in private sector and at national level. We have tried to map out such factors that have contributed to ethics mismanagement among the euro member states which have finally culminated into the crisis. We hope that you enjoy reading this paper as much as we did writing this and look forward to your views. Please feel free to contact us anytime if you feel the need for any additional support that we may provide. Kind Regards Bijon Islam – Roll 21 (EMBA 14) Faruk Ahmed – Roll 20 (EMBA 14) pg. 1 CONTENTS EXECUTIVE SUMMARY ...................................................................................................................................................3 1. A. B. C. D. E. 2. A. B. 3. A. B. C. D. E. F. 4. 5. 6. THE STORY...
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...References 1. Alhenawi, Y., & Elkhal, K. (2013). Financial literacy of U.S. households: Knowledge vs. long-term financial planning. Financial Services Review, 22(3), 211-244. 2. Barry P. Bosworth, Gary Burtless and Ralph C. Bryant, (July 2004).The Impact of Aging on Financial Markets and the Economy. 3. Calvet, L. E., Campbell, J. Y., & Sodini, P. (2009). Measuring the financial sophistication of households. American Economic Review, 99(2), 393-398. 4. Charlotte Christiansen, Juanna Schröter Joensen, Jesper Rangvid (July 15, 2011). The Effects of Marriage and Divorce on Financial Investments. 5. Christina Pomoni (2011). First Person: How Risk Aversion Impacts the Stock Market. 6. Christiansen, C., Joensen, J. S., & Rangvid, J. (2008). Are economists more likely to hold stocks? Review of Finance, 12(3), 465-496. 7. Diana Cibulskienė,Žana Grigaliūnienė.(2007) „Modernios portfelio geneze ir vystimasis“. 1 (8). 52–61 8. Elina Laakso (2010). Stock market participation and household characteristics in Europe. 9. Janus Capital Group (2009). European Survey of Consumer Finances. 10. Review of finance 11. Graziella Bertocchi, Marianna Brunetti, Costanza Torricelli. Portfolio choises, gender and marital status. 12. Harvey S. Rosen & Stephen Wu (2003). PORTFOLIO CHOICE AND HEALTH STATUS. Nber working paper series. 13. LAITAMÄKI, J., & JÄRVINEN, R. (2013). The impact of the 2008 financial crises on finnish and ...
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...Members | | Argentina | Central Bank of Argentina | Australia | Reserve Bank of Australia Australian Prudential Regulation Authority | Belgium | National Bank of Belgium | Brazil | Central Bank of Brazil | Canada | Bank of Canada Office of the Superintendent of Financial Institutions | China | People's Bank of China China Banking Regulatory Commission | European Union | European Central Bank European Central Bank Single Supervisory Mechanism | France | Bank of France Prudential Supervision and Resolution Authority | Germany | Deutsche Bundesbank Federal Financial Supervisory Authority (BaFin) | Hong Kong SAR | Hong Kong Monetary Authority | India | Reserve Bank of India | Indonesia | Bank Indonesia Indonesia Financial Services Authority | Italy | Bank of Italy | Japan | Bank of Japan Financial Services Agency | Korea | Bank of Korea Financial Supervisory Service | Luxembourg | Surveillance Commission for the Financial Sector | Mexico | Bank of Mexico Comisión Nacional Bancaria y de Valores | Netherlands | Netherlands Bank | Russia | Central Bank of the Russian Federation | Saudi Arabia | Saudi Arabian Monetary Agency | Singapore | Monetary Authority of Singapore | South Africa | South African Reserve Bank | Spain | Bank of Spain | Sweden | Sveriges Riksbank Finansinspektionen | Switzerland | Swiss National Bank Swiss Financial Market Supervisory Authority FINMA | Turkey | Central Bank of the Republic of Turkey ...
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...Hopefully this will change in the future and college athletes will be paid and make things fair and right for college athletes. Works Cited Alessi, Dominic. “5 Reasons Why NCAA Athletes Should Be Paid - TheRichest.” TheRichest - the World’s Most Entertaining Site, 2017, www.therichest.com/sports/5-reasons-why-ncaa-athletes-should-be-paid/. Accessed 13 Feb. 2017. Anderson, Dave. “Top 10 Reasons College Athletes Should Be Paid.” Top 10 Lists - ListLand, 22 Sept. 2015, www.listland.com/top-10-reasons-college-athletes-should-be-paid/. Accessed 8 Feb. 2017. Edelman, Marc. “21 Reasons Why Student-Athletes Are Employees and Should Be Allowed to Unionize.” Forbes, 2017, www.forbes.com/sites/marcedelman/2014/01/30/21-reasons-why-student-athletes-are-employees-and-should-be-allowed-to-unionize/#215a5f9b2991. Accessed 13 Feb. 2017. Peebles, Maurice. “7 Common Sense Reasons Why College Athletes...
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...Harper Collins Publishers, business environment A look at Harper Collins, constantly changing business environment and its influence on its business strategies. Harper Collins, just like any other publisher does not and can not operate in a vacuum, every business operates in a business environment which is divided into external and internal environment. The external environment affects/impact on every business but the way each firm respond to such ever changing external environment be it macro or micro external forces will determine the survival, success or death of such firm. Taking a look at Harper Collins internal environment using SWOT; Harper Collins Strengths and Weaknesses - Internal Harper Collins strengths and weaknesses are its organisational activities they have been performing either well or poorly which they have control over to improve upon by taking strategic actions. After taking an in-depth search on Harper Collins I discovered some of its strengths and weaknesses which are; STRENGHTS; Management know-how, experience over 200years. Having foremost authors ranging from Nobel-prize winners to worldwide bestsellers. First to digitize its content. Green technology in production to achieve carbon-neutral production to produce environmentally-friendly books. WEAKNESSES; Few countries presence Lower English-language consumer-book market share of 8% compared to penguin 15% Harper Collins is figuring out how to survive and thrive in the new...
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...designer from the age of 12 and enrolled at the Madrid Polytechnic to study architecture before completing her degree at the Milan Polytechnic in 1989 under Achille Castiglioni. Urquiola worked as an assistant to Castiglioni and Eugenio Bettinelli in Milan and Paris from 1990 to 1992, and around this time she started working for Milanese furniture company De Padova and co-designed several pieces with the legendary Vico Magistretti. While at De Padova, she continued designing interiors, showrooms and restaurants in association with architects de Renzio and Ramerino. In 1996, she left De Padova and became the head of the design division at Piero Lissoni’s Lissoni Associati and worked on projects for major furniture and homewares brands, like Alessi, Artelano and Kartell, until 2000, when she left to begin designing under her own name. She opened her own studio in Milan the following year, focusing on architecture, exhibitions and product design. The release of the Moroso upholstered-seating products ‘Lowland’ and ‘Lowseat’ (2000), and her ‘Fjord’ chair (2002) finally got Urquiola noticed, but it wasn’t until 2003 that industry awards began to come her way. Announced Elle Decoration’s International Designer of the Year, Urquiola’s ‘Fjord’ range was then voted Best System at the IMM Cologne furniture fair. Her first design for Foscarini – the ‘Bague’ light – also won a Good Design award at the Chicago Athenaeum, and a large amount of press coverage was given to her ‘Clip’ bed for...
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...Comparisons of Childhood Depression Measures Depressive disorders are now recognized as a relatively prevalent problem in adolescents as it is one of the causes of morbidity and mortality in this age group (Birmaher, et al., 1996). Thus initial detection of depression should be as early as possible in order to mitigate the impact of the disorder in an individual’s life by positively amending the long-term course of depression. Current research of depression in adolescents have introduced various assessment tools in diagnosing the disorder in children and adolescents. However, determining the most appropriate measure of depression involves several considerations rather than merely selecting one as a test that lacks compatibility in its reliability and validity may result to a false positive or false negative diagnosis (Reynolds & Mazza, 1998). This paper aims to draw on three self-report assessments for depression in adolescents, naming the Child Depression Inventory (CDI), Beck’s Depression Inventory 2nd Edition (BDI-II) and Reynold’s Adolescents Depression Scale (RADS) in reviewing, comparing and contrasting their psychometric properties. Conclusion on the most appropriate assessment for depression in adolescents will be drawn. Children’s Depression Inventory (CDI) CDI was originally adapted from Beck Depression Inventory (BDI) by altering its format and language, to measure severity of depression in children age 7 and older (Brooks & Kutcher, 2001). CDI...
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...following section explains the strategy that China has adapted to trade with Africa and introduces the concept of the “Chinese Model”. This model highlights the driving forces behind China’s strategic decisions and introduces some controversial arguments around some of the methods that China has adopted. An important part of this discussion is the comparison of China’s strategy with that of the West (i.e. regions like the United States of America (USA/US) and the European Union (EU). Some interesting statistics reveal that Africa is attracting significant amounts of Foreign Direct Investment (FDI) and is most likely to continue doing so. 1. Analyse and Discuss the Extent of Trade between China and Africa since 2000. (Jones S. 2012; Alessi C. 2012; China Daily.Com 2011; African Development Bank 2011; The Forum on China-Africa Cooperation 2011) China will overtake the United States of America (USA/US) as the world’s largest trade partner by.2016. (Jones, S. 2012). China is Africa’s...
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...Developmental Readings Log Philosophy of Adult Education Course Objectives Burns, R. 2002, The adult learner at work the challenges of lifelong education in the new millennium, 2nd edition. Crows Nest, New South Wales. Allen & Unwin. 1. p. 229 (Additive - Objective # 2) These goals are possible only where individuality is an asset, where belonging and acceptance are supreme, where there are opportunities to explore and gain self-understanding, where there is trust, dignity and security and where self-confidence, self-reliance, originality, responsibility and independence are encouraged. It is only in this sort of learning that a person is open to experience and therefore capable of maximal utilisation of their potentialities and environmental opportunities for self-development, learning how to learn and developing the curiosity, enjoyment and intrinsic satisfaction from learning that will draw them back again and again to lifelong learning. 2. p. 231 (Variant - Objective # 2) The learner has to adjust themselves to an established curriculum and teaching method. As self-direction and self-responsibility are not encouraged, the growing maturity of young people creates a gap between the need and ability to be self-directing and the opportunity to do so. Hence the tension, resentment and even rebellion that is common in secondary schools today. The child's experience is not counted of worth. Learners only learn what is in the syllabus or what they must pass...
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...EC-408E-INTL ECONOMICS-A-12/S3 DR. HAMID ZANGENEH The Global Financial Crisis & LIBOR London Interbank Offered Rate One Of The Largest Banking Scandals In History, An Emerging Controversy Over Whether Major Financial Institutions Have Been Manipulating The LIBOR, A Key Interest Rate Banks Use To Borrow Money From Each Other That Is ”Used As A Benchmark To Set Payments On About $800 Trillion Worth Of Financial Instruments.” MIT Professor Of Finance Andrew Lo Told CNN Money That The LIBOR-Manipulation Story “Dwarfs By Orders Of Magnitude Any Financial Scams In The History Of Markets” Anthony Bruno 7/21/2012 Abstract Following investigations into Barclays' manipulation of London Interbank Offered Rates (Libor), CFR's Sebastian Mallaby highlights three implications from the unfolding scandal: Conflicts of Interest Within Banks: Barclays' distorted reports on borrowing rates demonstrate the system's failure to prevent damage from conflicts of interest between banks and their traders. "Chinese walls don't work," Mallaby says. "It's a lesson we've learned over and over again in finance." The Role of Regulators: The alleged collusion between the Bank of England and Barclays indicates a critical challenge in the governance of financial markets: Regulators are forced to bend rules to protect banks, "not because they are bribed," says Mallaby, "but because they are blackmailed, in the sense that the banks, by threatening to go under and do untold damage to...
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