later assigning more favorable prices. Also‚ the author is addressing why the OCC was unaware of the losses and the risk associated with the SCP. The most important information in this article is the deceptive actions committed by the CIO in the London Whale Trades. It became apparent that senior managers downplayed the problems of the SCP and kept describing the portfolio as a risk-reducing hedge‚ when in actuality it was a massive portfolio losing billions of dollars and had stopped providing
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For the exclusive use of Y. Chen INS370 JPMorgan & the London Whale Photo: ALAMY 03/2014-6003 This case was written by Andrew Chen‚ INSEAD MBA July 2013‚ under the supervision of Claudia Zeisberger‚ Affiliate Professor of Decision Sciences & Entrepreneurship and Academic Director of the Global Private Equity Initiative (GPEI) at INSEAD. It is intended to be used as a basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative situation. Funding
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we should keep the Olympics or should not keep the Olympics. To some people we should keep the Olympics‚ to other people we should not keep the Olympics. I believe we should keep the Olympics because it is a fantastic way for the best athletes in the world to show what they can do. Also‚ it is a good way to keep athletes healthy. People are saying we should not keep the Olympics because the Olympics do not have all the sports. Yes they do not have all sports‚ but the Olympics keep growing so they
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Francisco in 1876‚ he was abandoned shortly after birth by his father. Therefore‚ London took the name of his stepfather‚ John London. Forced to leave school at the age of fourteen and find work because of his family’s poor financial situation‚ he joined the Klondike gold rush of 1898‚ returning to San Francisco broke‚ but with an abundance of memories and ideas. During his travels to the Klondike regions‚ Jack London pondered the importance of humanity. He realized‚ as important as humans thing they
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Mercury Reader said‚ “ London is one of the world’s top tourist attractions‚ it attracts up to 15 million people each year” (Dearsley 1). London is a tourist attraction located in England which has a variety of places to see and history behind them. London’s attractions that are most visited each year are London Eye‚ Tower of London‚ and the Buckingham Palace. The London Eye is the first place that is most visited each year. There are numerous facts to the London Eye. The London Eye is 443 feet high
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1980 U.S. Olympic Hockey Team "’Do you believe in miracles? YES!’ said AABC broadcaster Al Michaels’”‚ (Painter). Al michaels said this line as the 1980 United States Olympic Men’s Ice Hockey Team upset the Soviet Union in the semi-final game. The United States team was composed of a highly skilled coach‚ Herb Brooks‚ as he had just won a national championship for college hockey with the University of Minnesota’s Golden Gophers in 1979 (Barnes). Herb Brooks was not new to the program as he was the
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most populated city – London. In order to understand things better‚ we should take a few steps backwards and attempt to define these two important terms – (1) culture and (2) cultural diversity. According to “Longman’s Dictionary of Contemporary English”‚ culture is primarily defined as “the beliefs‚ way of life‚ art‚ and customs that are shared and accepted by people in a particular society”. If we take into consideration that the “particular society” here is the city of London‚ because it is‚ after
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Jack London was a good example of an extremely numerically focused author that used short sentences to create a larger impact on the reader. London used many movements of literature in his writing‚ along with very meaningful themes. He had a symbolic and repetitive style that was present throughout all of his stories. Jack London was not always the rich and famous author pictured in many young students’ minds. Born John Griffith Chaney on January 12‚ 1876 in San Francisco‚ London was introduced
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The Great Fire of London‚ which occurred in September of 1666‚ completely devastated the city of London‚ leaving one-sixth of its population homeless and destroying a large swath of the city‚ including St. Paul’s Cathedral. In Adrian Tinniswood’s novel‚ By Permission of Heaven: The True Story of the Great Fire of London‚ he argued that the majority of Londoners saw the fire as either an act of terrorism or as an act of God. Those who believed the act of terrorism theory blamed the fire on England’s
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In the articles “London on a Roll” by Simon Worall and “A Tale of Three Cities” by Joel Swerdlow‚ the features of a cosmopolitan city is shown. “London on a Roll” demonstrates London’s diversity and her financial success in a well-developed economy‚ it also shows London’s internationalism as acceptance to everyone is mentioned in the article‚ disregarding sexual identification; “A Tale of Three Cities” illustrates Cordoba’s advancement in medicine‚ knowledge‚ history‚ and architecture. It also illustrates
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