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www.pwc.com/it The Italian NPL market Why investing in Italy? April 2011 PwC Foreword & Content Foreword Given the recent increase in activity on loan portfolios in a number of key banking jurisdictions across Europe‚ including Italy‚ and the complexity of the Italian NPL market‚ we thought useful sharing the main features of the current market and the reasons on why this market might be interesting from an investor perspective. As per our extensive experience in advising both buyers
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Commentaries Why Should We Be Concerned About Biological Warfare? There is a widespread tendency to think about defense against biological warfare as unnecessary‚ as someone else’s responsibility‚ or as simply too difficult. Unfortunately‚ however‚ the dangers posed by biological weapons did not disappear when the United States began to unilaterally dismantle its own offensive program in 1969. The dangers did not vanish with the signing of the Biological and Toxin Weapons Convention of 1972‚ and
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Federal Reserve Bank of New York Staff Reports Shadow Banking Zoltan Pozsar Tobias Adrian Adam Ashcraft Hayley Boesky Staff Report No. 458 July 2010 Revised February 2012 FRBNY Staff REPORTS This paper presents preliminary findings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessarily reflective of views at the Federal Reserve
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The Synergies of Hedge Funds and Reinsurance May 13th‚ 2013 Department of Economics University of California‚ Berkeley i Abstract Bermuda-based alternative asset focused reinsurance has grown in popularity over the last decade as a joint venture for hedge funds and insurers to pursue superior returns coupled with insignificant increases in systematic risk. Seeking to provide permanent capital to hedge funds and superlative investment returns to insurers‚ alternative asset
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The Sociopathic Religious Leader and Terrorism The Sociopathic Religious Leader and Terrorism Naturally‚ when one is given the task to explore terrorism‚ the first thing one would think to do is look up the definition to establish a deeper understanding. Merriam-Webster defines terrorism as: “the use of violent acts to frighten the people in an area as a way of trying to achieve a political goal”. This definition can lead one to believe that the word terrorism is nothing
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Chemical Weapons Chemical weapons use the toxic properties of chemical substances rather than their explosive properties to produce physical or physiological effects on an enemy. Although instances of what might be styled as chemical weapons date to antiquity‚ much of the lore of chemical weapons as viewed today has its origins in World War I. During that conflict "gas" (actually an aerosol or vapor) was used effectively on numerous occasions by both sides to alter the outcome of battles. A significant
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QUESTION Write a critical essay on the role of the media in the public perceptions of New Religious Movements with special reference to groups where violence has occurred. The media are significant actors in events leading to episodes of violence involving New Religious Movements since their emergence from the West in the 1960’s. The word cult has become associated with negative emotional connotations which made the public to have a general perception that it should be hated‚ feared or be avoided
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With the collapse of the Soviet Union in the early 1990’s and the cold war over‚ the international community seemed to be on the threshold of an era of unprecedented peace and prosperity. Instead‚ a new series of problems were created‚ like ethnic conflicts‚ weapons proliferation‚ environmental problems‚ population growth‚ drug trafficking‚ and terrorism. Terrorism‚ as defined by Title 22 of the United States code‚ section 2656f(d)‚ is the "pre-meditated‚ politically motivated violence perpetrated
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Radical Transformation: According to Walter Laqueur (1999)‚ who is authority on the subject‚ “there has been a radical transformation‚ if not a revolution‚ in the character of terrorism”. He compares older tactics of terrorism with modern saying that earlier the terrorists used to strike only selected targets. However‚ new terrorism is more of an indiscriminate exercise where the fundamental objective is to cause as many casualties as possible. (Laqueur‚ The New Terrorism: Fanaticism and the Arms
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