Case summary – Enron Corporation’s Weather Derivatives Steve Haik‚ Dan Sleker and Bas van Bellegem – March 2003 Background In October Mary Watts‚ CFO of Pacific Northwest Electric (PNW) reviewed the forward plan for PNW’s 200-2001 season. PNW’s has been experiencing nearly no EPS growth since 1995 due to deregulation and warmer-than-average winter climate. The stock price had suffered accordingly‚ but there maybe a way to hedge the weather risk via a new “weather derivative” being proposed by Enron’s
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the ways in which soldiers fill their time when they are not fighting. Yet Hemingway’s realistic approach to his subject does not rule out the use of many time-honored literary devices. For instance‚ weather is to this day a fundamental component of the war experience. Hemingway depicts weather realistically in A Farewell to Arms‚ but he uses it for symbolic purposes as well. Rain‚ often equated with life and growth‚ stands for death in this novel‚ and snow symbolizes hope: an entirely original
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Lesson Type: Vocabulary and Grammar Subject: What is the weather like today? Lesson objective: Students identifying and describing the weather Assumptions: Ss know basic vocabulary: weather‚ temperature‚ degrees‚ cold‚ warm‚ snow‚ storm‚ etc. STRATEGY 1 - PRESENTATION Interaction Patterns: T>S‚ S>T Timing: 20 min Purpose of Procedure: To interest students‚ to learn the vocabulary Materials needed: Pictures with different weathers‚ stickies with adjectives: cloudy‚ cold‚ foggy‚ freezing
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BECK WEATHERS: 1. Bibliography: Seaborn Beck Weathers (born December 1946) is an American pathologist from Texas. He is the writer of the book “ left for dead: my journey home from mountain Everest”. 2. Situation and Actions: In the morning of May 10th when Weathers and other climbers decided to leave Camp IV and make their final assault towards the summit of Everest‚ situated just over 29‚000 feet above sea level. As Beck made his final climb towards the summit‚ he came down with an extreme
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Helium Weather Balloons A weather balloon is a scientific instrument used by meteorologists to measure the activity of the world’s weather. Weather balloons are sent into the air every day‚ all over the world; they are sent up at the same time‚ and they are used to measure a variety of atmospheric pressures‚ temperatures‚ and wind rates. The data collected by weather balloons is saved and transmitted by the radiosonde. Sensors in the radiosonde record data and use a radio transmitter to send
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Extreme Sports: Theorizing participation - A Challenge for Phenomenology - Extreme Sports: Theorizing participation Introduction The phrase ‘Extreme Sport’ has developed into an all-encompassing umbrella term for those activities that are traditionally associated with risk-takers or ‘adrenalin junkies’ (Lambton‚ 2000). Skateboarding‚ street luge‚ snow sports‚ mountain sports‚ moto-cross and surfing are just some examples of such sports. Participation in these activities has been considered
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different from weather? Weather can change from hour-to-hour‚ day-to-day‚ and season-to-season. It may rain for an hour and then become sunny and clear. It includes wind‚ temperature‚ humidity‚ atmospheric pressure‚ cloudiness‚ sunshine and precipitation. Climate is the average weather for a particular region over a long time period. Climate describes the total of all weather occurring over a long period of years in a given place. This includes average weather conditions‚ regular weather seasons (winter
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Psychology Research Essay: Extreme Sports An extreme sport (also called action sport or adventure sport) is a term for certain activities seen as an activity of high danger‚ they are what is considered counter-cultural. They give a thrill of facing difficult challenges and overcoming obstacles. There are many physical and mental benefits o extreme sports but there are also the risk of very bad injuries‚ even death. The activities of extreme sports involve speed‚ height‚ a high level of physical
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A major point in Kate Chopin’s “The Storm” is the representation of weather that is taking place throughout most of the story. This storm is the reason that Calixta’s husband and son cannot return home from the store and causes her to run into her former lover Alcée Laballire. A storm is typically something that can be frightening‚ builds in intensity‚ and invokes chaos momentarily in the outside world. As Bobint points out in the story‚ the storm created “sombre clouds that were rolling with sinister
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Unforgiving Weather In F. Scott Fitzgerald’s‚ The Great Gatsby‚ life moves fast and there’s no time for people to care about each other’s problems. Now‚ this is not simply because people have become selfish. Instead‚ it’s the fact that pretentiousness has consumed the moral compass of East and West Eggers alike. Fitzgerald shows this ugly truth by using various symbols like cars and colors to represent different things. One motif or symbol that is evident throughout this novel is weather--which helps
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