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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Fascism in Europe Fascism is a militant political movement that emphasizes on loyalty to the state and obedience to its leader. Promises to restore economy‚ punish those who created the problems and return national pride!! ▪ Often held mass rallies‚ uniforms and special salutes ▪ Limited personal rights ▪ State was supreme ▪ Conservative‚ right wing party that grows from the middle class Italy- Benito Mussolini Post WWI problems: ▪ Rising inflation (prices) ▪
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us know that change is something that will happen no matter what we do. Executing change is not as simple as acknowledging the need for change. Synergetic Solutions understands the internal and external factors that have required a change to take place‚ and desire to improve operations but executing the change can be difficult when met with conflict. Both employees and leaders must understand‚ through good communication‚ the need for change and the way by which to achieve that change successfully
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Evolution of Communism in Europe Outline: Thesis: Communism in Europe faced a lot of mutations with the contribution of big philosophers and leaders like Marx‚ Lenin‚ and Gramsci and evolved to become the socialism we know today. I Marxism A Overview B Major Elements II Stalinism A Overview B Contribution of Stalin III Eurocommunism A Overview B Description C Major Elements IV Socialism A Overview B Major Elements V Future of Socialism
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Operation Paperclip: postwar/Cold War; recruit Nazi scientists‚ deny USSR and UK scientific advances; hinder German military W.T. Stead: invest. Journalist; 1885 “Maidens Tribute of Modern Babylon”: child sex traffic‚ prostitution; bought girl to prove point‚ jailed; urban voyeurism Battle of Verdun: 1916 WWI: France v Germany; deplete France’s resources‚ food‚ weaponry/soldiers; railway gun & rain transport for soldiers (FR); Schlieffen Plan ruined; Russia mobilizes; (DE) not as powerful
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MEDIEVAL EUROPE – CRIME AND PUNISHMENT MEDIEVAL LIFE Throughout the medieval period it was believed that the only way to keep order was to make sure that the people were scared of the punishments given for crimes committed. For this reason all crimes from stealing to murder had harsh punishments. Although there were gaols‚ they were generally used to hold a prisoner awaiting trial rather than as a means of punishment. Fines‚ shaming (being placed in stocks)‚ mutilation (cutting off a part of the
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Explain the possible reasons for a change in the size of a country’s labour force The labour force of a country is defined as the total number of workers who are available to work. Therefore it refers to all males and females‚ normally 15-16 years and over‚ who can contributed to the production of goods and services. As well as those actually in employment‚ it also includes those who are unemployed as these people are available for work. A change in the labour force would normally be a slow process
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The Twenty-First-Century Workplace: Seven Major Changes Predictions about everything under the sun are plentiful with the new millennium at hand. Our immediate concern is how the workplace will change as the twenty-first century unfolds. After all‚ the workplace is where you will spend half (or more) of your nonsleep life in the years to come. Management consultant and futurist Robert Barner foresees seven major changes that promise to challenge managers and employees. As a departure
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Europe in Turmoil: Foreign Influences on Tenth Century Europe The aptly named “Dark Ages” of European History is now reflected upon as being a pivotal moment in Western Civilization. The dark ages are defined as a moment when the great Roman civilization had fallen‚ and Europe slipped into a period of retrograde. Complex societies collapsed and all the achievements of the Greek and Roman periods were forgotten. Europe declined intellectually‚ artistically‚ philosophically as well as politically
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Major Inventions of the Late 19th Century and Early 20th Century They have been many major inventions within the late 19th and early 20th century. Throughout history‚ these inventions have made great impacts on society. Three of these inventions that made the greatest impact are the telephone‚ the telegraph‚ and the light bulb. Each of these inventions has made a different impact in some way but they are still some of the greatest inventions. The telephone has left a huge impact on the world
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