...Title: Setting Up Shop In a Political Hot Spot | The background/context | | he participants and their different perspectives | Name and role | Perspective | | Park Jehee: The CEO of the watchband manufacturer Timepiece | The companies already doing business in the KIC don’t appear to be suffering from the uncertainty. And global firms have always operated in politically volatile regions, often quite profitablyWithout risk, there’s really no reward | | Kim Jaehyun | 1. The labor savings and productivity estimates in the KIC literature seem real.2. Capital risk also seems low because of the South Korean government’s guarantee of up to 90% of our capital investment, along with privileged access to low-interest loans.3. We have to consider how manufacturing in North Korea, given the international sanctions it’s under, would affect customs and trade agreements. Exporting goods made in the KIC could be problematic. | | Mark Lee: | Our factory would provide a better work environment than what they’re used to. But we would have no transparency and very little autonomy. | | Keel Young-hoon | 1. North and South Koreans are working side by side for the first time in decades! North Koreans are getting exposure to market economics. And it’s a fantastic show of goodwill toward the North. 2. The KIC will be a key factor in our reunification. | Dilemma: Should Park set up shop in Kaesong? | | Expert 1Youssef Nasr(agree) | Expert 2Ian Bremmer(disagree)...
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...Where Spots Are Hot Grand Canyon University: ECN-601 Economics 12/21/2011 Where Spots Are Hot The article “Where Spots Are Hot” addresses an issue of supply and demand in Fairfield Connecticut and the New York City suburbs. The hot commodity in these areas that are causing the residents so much pain and heartache is a public parking pass. The nature of failure in this case is a failure to adequately provide a public good. The article states that in Connecticut there are more than 60,000 commuters that take the train into Manhattan everyday and the stations only have enough parking for almost 20,000 commuters. The others commuters are forced to use more expensive private lots in order to use the same train stations. This is not a new problem for the rail stations this is a problem that have been going on for years. Parking passes to park at the lots run $279-$840 for an annual permit and the waiting list is at least 6 years long with 4,200 to people on it. The other option is fighting for a spot at the private lots at the cost of $1280 annually. Is everyone that is in possession of these golden parking passes actually using them? The answer is no, these residents renew the parking passes yearly whether they have a need for them or not because they are in fear of not having one when the need does arise. Family members are even passing the permits down to other family members once the owner is decease. The article states that in the town of Rowayton there is so much...
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...consider when determining “hot spot” locations, especially when the information is coming from a computer or the actual patrol officer who works in the area on a daily basis. Through my training and experience, both are correct and must be respected. The perspective of “hot spots” through analysis and research, as we have come to learn about research is that there is “no perfect research or study.” There is room in the research for bias, miscalculations, in complete analysis or simply the information can be gathered incorrectly. I do not entirely discredit the research; however, it must include the insight of the patrol officers to make the evaluation complete. There is the possibility that the information gathered...
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...Executive Summary A. Market Study Food and parties have been a part of the culture of the Filipino. Filipino have always been a food lover, be it traditional food or food from another country. Hot is an adjective word that means having or giving off heat; having a high temperature; showing intense; requiring immediate delivery or correspondence; demanding priority. Spot is a noun word that means a place or locality; a specific position in a sequence. The owners chose this name because of the very reason that it is catchy and the word itself is explainable; it will be easily understood by their chosen target markets. Also, the owners thought of using this name because their main mission is to serve their customers with products that are warm and fresh. It features a variety of menu such as salads, pasta, hamburgers, rice meals, desserts and beverages hot or cold, alcoholic or non-alcoholic. It is also known for having the best ambiance having a laid back style with a twist of modernized furniture. Rest assured that Hotspot bar restaurant will maintain its security well. Hotspot bar and restaurant is an establishment that is very flexible and in its operations, it will make sure to cater to the needs and wants of every individual of all ages. B. Technical Study Burgers was introduced to the Philippines by the Americans, since then the Filipinos are fond of eating burgers. Hotspot bar and restaurant wants to be known for their best tasting burgers but they...
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...and well documented (introducing appropriate comments) 4. Submit your assignment file on Moodle well on time to avoid system congestions or break-downs during the last minute Problem 1: Tourist spots in London As a tourist in London you want to visit 7 spots and minimize the time spent on visiting these 7 spots. The details of the 7 spots including their ID, time to see the attraction, and opening time are given to you (Range A3:D9 in given spreadsheet). Note that you want to visit each spot only once. Range B13:H19 in the given spreadsheet contains the travel time (in minutes) between any two spots, 9999 stands for infinity. For example: travel from 2 to 5 (Trafalgar Square to Tower Bridge) takes 22 minutes. You can assume that all other times (wait times for transport, queues for attractions etc, are already accounted for in the sightseeing time and travel time). The subroutine calc_schedule uses this information to calculate the route to be taken from the starting spot (given in G3) at the starting time given in G4. The subroutine prints out the route below the travel table (skipping one row to maintain readability) and in the next row, the respective times that you will reach each spot. In-case, the heuristic cannot find a solution, an error message is printed on the spreadsheet. The following ranges on the spreadsheet have...
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...This forum focuses on the debt crisis in Greece (the 2010 EU/IMF “bailout” and subsequent austerity measures), as well as the various challenges that have been posed to the violence of neoliberal “adjustment.” The brief articles presented here have been solicited from observer-participants in the debates and protests, but also in the intimacies and banalities, defining everyday life in crisis Greece. The outlines of the crisis are widely known. Indeed, Greek society and its travails have never before been so visible to the global media eye. The aim of this forum is not so much to fill in this familiar outline of crisis with ethnographic detail as to trouble its parameters. The first section Debt, Responsibility and “Reform” treats debt not as a statistical fact, but anthropologically as a complex discourse on morality, responsibility, obligation and reciprocity. Against the breathless synchronicity of “breaking news” and (endless) speculation on the denouement of the crisis, these pieces insist on historicizing and globalizing. Piercing the blatant Orientalist tropes dominating international and often domestic reporting, they plumb the social, political and economic forces that have led to the current impasse, but also the political efficacy of “crisis” itself in legitimating the agenda of “structural reform.” The second section Precarity and Protest centers on the escalating violence of the crisis and the emergent politics of protest. The December 2008 revolt, which first...
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...Intro Speech Evaluation As for my Speech I felt like I did jump right into the topic of what I was about to tell the audience. I could have made my transition a lot better. I felt as if I did have my organization of the speech laid out perfect, but when I actually talked it wasn’t. But everything was in order. For my ending I really just walked off the stage because I forgot everything that I wanted to say. I couldn’t finish all my thoughts. I kept moving around and stayed looking down. I really didn’t make enough eye contact with the audience like I was suppose to. I know for my next speech to get a spot on the floor and just stand in that same spot. Also I am going to pick spots in the audience that I can look at like empty seats, the wall, or even their shoulders so I can look like I am actually looking at them when I talk. My body language portrayed that I was nervous and didn’t know what I was talking about. I felt like everybody could hear my voice but I was still looking nervous. It wasn’t between 2-4 minutes because I had forgot my thoughts. I hated my speech altogether. I couldn’t finish my speech and I was disappointed with myself. I know my audience was looking like what is he talking about from how I kept moving around and looking down at the podium. If I could have did anything different I would have finished my speech all the way. When I prepare for my next speech I am going to come to you way before to get clarity if everything is good and in order...
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...Ashley M. Taylor English 102 Professor Catanese “Pining for Parking spots” Its 7:45 Monday morning and you’re on the road to campus and hoping that a parking spot is available. Not only do students face this dilemma, but teachers do as well. Some professors are tardy to classes due to traffic but what about the major traffic that comes with trying to find a parking spot on campus? The morning rush of various professionals during the day is time consuming and everyone seems to have some place to go and they are in a rush to get there. Students who live off-campus have to worry about the possibilities of having to miss a class as a result of no parking on campus. With this ongoing dilemma directly affecting the students and faculty, I propose that USC opens another parking garage on campus to better accommodate these people. If the University of South Carolina were to build at least two new parking garages on campus, I guarantee that the complaints about the lack of parking on campus would decrease, and attendance by students as well as professors would not be directly affected by the strain of parking spots on campus. As a result of construction of the Patterson dormitory, USC housing has the stressful task of trying to find proper housing for the incoming freshman of the fall semester. The dorms normally reserved for upperclassmen such as East, South and West Quad, as well as the horseshoe apartments are now being occupied by freshmen and upperclassmen must scramble...
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...and Dan Health’s “Finding the Bright Spot” In the chapter “Find the Bright Spots” taken from the book Switch: How to change thing when change is hard, the authors state that: when changing things, there’re bright spots in your field. You need to direct your followers- the Riders by following these bright spots and make the Elephants’ expect that change is possible and the Path is clear. In 1990, Jerry Sternin came to Vietnam to fight malnutrition with barely support from the government. Firstly, his team found that there were a lot of problems such as poor sanitization, poverty, out of clean water. However, in six months and almost no money, solving these problems became useless. After weighting, Jerry found that there were healthy and well-nourished kids despite their poor families. There were his bright spots. Besides that, he directed the mother’s Riders to shadow the bright spots’ mothers. Uniquely, these kids ate four times instead of twice a day, parents fed kids by hands, or mixing rice with small shrimp, crab and sweet potato green provided vitamin and protein for the kids. Because knowledge couldn’t guide the villagers, Jerry created cooking classes at the bright spots’ houses, provided detailed instructions to the mother’s Riders. Gradually, more mothers followed and this made the mothers’ Elephants believe in making their kids healthier. Six months later, 65 percent of the kids became healthier. Bright spots exist in every field that you deal with...
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...there are speculators who attempt to capitalize on their expectation of the yen’s movement over the two months between the order and delivery dates by either buying or selling yen futures now and buying or selling yen at the future spot rate. Given this information, what is the expectation on the order date of the yen spot rate by the delivery date? (Your answer should consist of one number.) 4. Assume that the firm shares the market consensus of the future yen spot rate. Given this expectation and given that the firm makes a decision (i.e., option, futures contract, remain unhedged) purely on a cost basis, what would be its optimal choice? 5. Will the choice you made as to the optimal hedging strategy in question 4 definitely turn out to be the lowest-cost alternative in terms of actual costs incurred? Why or why not? 6. Now assume that you have determined that the historical standard deviation of the yen is about $0.0005. Based on your assessment, you believe it is highly unlikely that the future spot rate will be more than two standard deviations above the expected spot rate by the delivery date. Also assume that the futures price remains at its current level of $0.006912. Based on this expectation of the future spot rate, what is the optimal hedge for the...
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...greenhouse conditions using SunSPOTs Suthikshn Kumar Dept of Information Science, PESIT Bangalore suthikshn.kumar@pes.edu Ishaan Raghunandan Dept of Information Science, PESIT Bangalore ishaan.raghunandan@gmail.com Abstract: In modern greenhouses, several measurement points are required to trace down the local climate parameters in different parts of the enclosure efficiently.A Wireless Sensor Network (WSN) consisting of small-size wireless sensor nodes an attractive and cost-efficient option to build the required measurement system. The most important climatic conditions are the temperature and the light intensity within the greenhouse.This paper describes the implementation and configuration of the wireless sensor network using the Sun SPOT platform.It also uses a Time Series Algorithm to predict the temperature variation. Keywords: WSN,SunSPOT,TimeSeries,Java,Zigbee,Back Propagation 1.Introduction The most important factors for the quality and productivity of plant growth are temperature and light. Continuous monitoring of these environmental variables gives information to the agriculturalist to better understand, how each factor affects growth and how to manage maximal crop productiveness. The optimal greenhouse climate adjustment can enable us to improve productivity and to achieve remarkable energy savings - especially during the winter in northern countries. Increased number of measurement points should not dramatically increase the automation system cost. It should also...
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...Problem 3 Now I will explain why the NPVs of these two approaches are different. For Approach A, NPV is calculated using cash flows denoted in Peso and interest rate in Mexico and then transferred into Euro at the lowest exchange rate in 2008, which is 15.99 MXN/EUR. This is equivalent to using a constant exchange rate of 15.99 to transfer Peso into Euro every year. On the other hand, for approach B, cash flows are transferred into Euro every year and NPV is calculated using cash flows denoted in Euro and interest rate in France. Since Peso is depreciating across time, cash flows are transferred into Euro using a series of increasing exchange rates. Cash flows in Approach B are lower than those in Approach A. Therefore, NPV denoted in Euro for Approach B is higher than that for Approach A. Problem 4 If the inflation in Mexico is 3%, which is the same as that in France, the nominal interest rate in Mexico will be the same as that in France according to International Fisher Effect. So the discount rate will be the same. According to the Interest Rate Parity, the exchange rate between these two currencies will stay the same due to the same nominal interest rate. Thus, the cash flows denoted in Euro for these two approaches will be same. Since both cash flows and discount rate are the same for these two approaches, NPV will be the same. You can see the calculations in this spread sheet. Both approaches give you the same NPV if both countries have the same inflation rate. ...
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...If you believe the spot exchange rate will be $1.92/£ in three months, you should buy £1,000,000 forward for $1.90/£. The profit will be: £1,000,000 x ($1.92 -$1.90)=$20,000. b. What would be your speculative profit in dollar terms if the spot exchange rate actually turns out to be $1.86/£. Solution: If the spot exchange rate actually turns out to be $1.86/£ in three months, The loss from the long position will be: £1,000,000 x ($1.86 -$1.90)=-$40,000. (Q.13) a. Describe the currency transaction that Omni should undertake to eliminate currency risk over the 30-day period. Solution: Omni should sell 30-day forward CHF against 30-day forward ZAR delivery (sell 30-day forward CHF against USD and buy 30-day forward ZAR against USD). b. Calculate the following: •The CHF/ZAR cross currency rate Omni would use in valuing the Swiss equity portfolio. Solution: CHF/USD=1.5285/$1 (ASK SIDE) ZAR/USD=6.2538/$1 (BID SIDE) CHF/ZAR=1.5285/6.2538=0.244 • The current value of Omni’s Swiss equity portfolio in ZAR. Solution: 3,000,000 CHF/0.24 = 12,274,386 ZAR • The annualized forward premium or discount at which the ZAR is trading versus the CHF. Solution: Spot rate = 1.5343 CHF/6.2681 ZAR = 0.244779120 30 day forward ask rate 1.5285 CHF/6.2538 ZAR = 0.244411398 The premium/discount formula is: [(forward rate – spot rate) / spot rate] x (360 / day contract)...
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...WO R LD G O L D CO U NCI L UTILISATION OF BORROWED GOLD BY THE MINING INDUSTRY DEVELOPMENT AND FUTURE PROSPECTS Ian Cox, Ian Emsley Research Study No. 18 UTILISATION OF BORROWED GOLD BY THE MINING INDUSTRY DEVELOPMENT AND FUTURE PROSPECTS Ian Cox, Ian Emsley Research Study No. 18 April 1998 WO R LD G O L D CO U NCI L 2 CONTENTS The Authors..............................................................................................................4 Acknowledgements ................................................................................................5 Foreword ..................................................................................................................6 Introduction..............................................................................................................8 Summary ..................................................................................................................9 Part One The Growth in Mine Utilisation of Borrowed Gold ........................................11 The Case for Hedging ..........................................................................................15 Hedging Instruments – Their Development and Usage ................................19 Australia ................................................................................................................21 North America ..................................................................................................
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...Interest rate parity | A theory that the interest rate differential between two countries is equal to the differential between the forward exchange rate and the spot exchange rate. Interest rate parity plays an essential role in foreign exchange markets, connecting interest rates, spot exchange rates and foreign exchange rates. Interest rate parity, or sometimes known as International Fisher effect, is an economic concept, expressed as a basic algebraic identity that relates interest rates and exchange rates. The identity is theoretical, and usually follows from assumptions imposed in economic models. There is evidence to support as well as to refute the concept. Interest rate parity is a non-arbitrage condition which says that the returns from borrowing in one currency, exchanging that currency for another currency and investing in interest-bearing instruments of the second currency, while simultaneously purchasing futures contracts to convert the currency back at the end of the holding period, should be equal to the returns from purchasing and holding similar interest-bearing instruments of the first currency. If the returns are different, an arbitrage transaction could, in theory, produce a risk-free return. Looked at differently, interest rate parity says that the spot price and the forward or futures price of a currency incorporate any interest rate differentials between the two currencies. Two versions of the identity are commonly presented in academic literature:...
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