THREADNEEDLE ASSET MANAGEMENT LTD May 15‚ 2015 Lisa D. Ellis (Senior Analyst) • lisa.ellis@bernstein.com • +1-212-756-1855 Harshita Rawat‚ CFA • harshita.rawat@bernstein.com • +1-212-969-6228 Zhe Shen • zhe.shen@bernstein.com • +1-212-823-3627 Visa-Visa Europe: Answers to the Top 25 FAQs‚ Including our Accretion Math and Deep Dive on Yields Ticker MA V SPX Rating CUR O O USD USD 13 May 2015 Closing Price 92.52 68.65 2098.48 Target Price TTM Rel. Perf. 108.00 77.00 13.1% 18.9% EPS P/E 2014A
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Reformation in Europe(1500-1620) Causes for reformation Conflicts between European nation states People at bottom of social structures tired of being at the bottom Invention of the printing press leading to more people reading and interpreting bible and noticing how corrupt Catholic Church is. Sale of indulgences sold by john Tetzel Modern Devotion or Brothers of Common Life Established by Gerard Groote Based out of Zwolle and Deventer in the Netherlands Stressed having a personal relationship
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Road to Destruction Looking back on the past era‚ the world has developed‚ yet diminished as well. If the world continues on its present course‚ it may lead to disaster in society during the next hundred years as our own technological advances‚ increase in population‚ and limited natural resources will take its toll. These worries concern the world as it will not leave a well-organized tomorrow for our future. During the early stages of technological advancements‚ the world population
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MULTICULTURALISM AND EUROPE By - SUJOY SUR MAHIMA DEEPAK SRIVASTAVA CONTENTS Abstract | 3 | Introduction | 4 | Multiculturalism | 5 | Multiculturalism in Europe | 6 | i) Germany | 7 | ii) Britain | 9 | iii) France | 11 | Reasons for failure | 13 | Solution | 14 | Conclusion | 16 | Bibliography | 17 | ABSTRACT This paper tries to define the concept of Multiculturalism and the working
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Between 200 C.E. and 900 C.E.‚ China underwent a lot of significant changes and continuities‚ especially in political and economical aspects. A specific change that happened to China’s economic system was the shift from agriculture in the Han Dynasty to trading in the Sui and Tang dynasties. Although there were changes in power and rule‚ China’s political administration continued to hold the same basic ideals‚ and was grounded in Confucian thought. During the late Han Dynasty‚ agriculture was the
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the Early Middle Ages‚ 750-1000 1) Describe the contribution of the Muslims and the Vikings to Early European civilizations. Muslims: The first great wave of Muslim expansion had ended at the beginning of the eighth century. Gradually‚ the Muslims built up a series of sea bases in their occupied territories in North Africa‚ Spain‚ and Southern Gaul and began a new series of attacks in the Mediterranean in the ninth century. They raided the southern coasts of Europe‚ especially Italy‚ and even
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water supplies were installed in India to prevent cholera outbreaks partly due to the Hindu practice of bathing and drinking from sacred rivers. * Britain expands the education to that of Western teachings and languages to educate Indians to fill administrative posts. With this new education also came western liberal ideals‚ and with education unifying some Indian people‚ Indian nationalism began to rise. * Rammohun Roy becomes the first Indian nationalist in the early 1800’s * Educated and
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The Emergence of the Middle Ages: 1000 AD When the Old World Order began to crumble with the fall of the Roman Empire and the break up of the Mediterranean the foundation was laid for a new type of civilization to emerge‚ a "western civilization". The Empire in the East continued‚ based in Constantinople.. It was the most obvious heir to the culture of the classical world. This culture still dominates Eastern Europe and Russia‚ through Orthodoxy. Islam was the religion of Arab townsmen
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Europe Day Celebrating the creation of the European Union. Europe Day commemorates 9 May 1950‚ when the then French Foreign Minister Robert Schuman presented his proposal on the creation of an organised Europe‚ to help maintain peaceful relations between European countries. This proposal‚ known as the ’Schuman declaration’‚ is considered to be the act that created what is now the European Union. Today‚ the 9th of May has become a European symbol (Europe Day) which‚ along with the flag‚ the
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CHAPTER 5 – STRATEGIC MANAGEMENT Developing Business Strategy Industry: a group of organizations/firms that share similar resource requirements (raw materials‚ labour‚ technology‚ customers). Five-Forces Model – Analyzing External Environment Allows us to systematically assess the industry environment. - The relationships between the five forces determines attractiveness of the industry environment - Used to make strategic decisions that leave the firm in the best position to defends itself
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