Auditor-General’s Report to Parliament 2001 Volume Four 15 Collapse of HIH Insurance KEY FINDINGS The collapse of HIH Insurance (HIH) in early 2001 will significantly affect NSW Government finances: ♦ A $600 million liability (estimated) has been included in the 2001-02 NSW Budget. This amount relates to a support package set up by the NSW Government for NSW residents who have HIH Compulsory Third Party (CTP) and home-owner warranty insurance claims. NSW public sector agencies have $30.5 million
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Morally Fair Limbo The Inferno was part of the three-part poem called The Divine Comedy written by Dante Alighieri. Dante‚who lived from 1265 to 1321‚ was born in Florence to a middle class family and grew up during the end of the Middle Ages and the beginning of the Renaissance. While Dante was away on a diplomatic trip‚ the Black Guelfs took over Florence and banished Dante from the city. During his life in exile‚ Dante wrote the epic poem The Divine Comedy and finished it shortly before his death
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The crisis which ultimately led to the collapse of the Weimar Republic was contributed by World War 1 and political‚ cultural and economic factors. The Weimar Republic would have continued to be a functional government far longer than achieved if not for the economic burdens imposed by the Great Depression‚ the flawed Article 48 and the rise of the Hitler and the Nazi Party. These factors eventually contributed to the downfall of Germany’s first attempt at a legitimate Democracy. The societal‚ economical
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Enron: What Caused the Ethical Collapse? Andrew Rumsey Post University Enron: What Caused the Ethical Collapse? Enron‚ a Texas based energy company‚ has improved the way that electricity and natural gas is purchased ever since its inception in 1985 when its owner‚ Kenneth Lay‚ merged his original company called InterNorth with Houston Natural Gas Company. In addition to this‚ Enron’s growth was attributed to not only the U.S. congress deregulating the sale of natural gas but its selling of electricity
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Rome was such a big city in 250 CE. After that were just going down hill quickly. That’s when they fell due to many reasons but there were three main reasons. Government‚ military‚ and natural causes. Government was a big reason why Rome collapsed. They did not have any good leaders or rules that will keep a big city together. The government would worry too much about building and not enough on keeping their city under control. Then the country had to many people and were not even close to
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Page no | 1 | Corporate governance | 5-6 | 2 | Enron – An overview | 7-10 | 3 | Journey from Enron corporationTo Enron creditors recovery corporation | 10-14 | 4 | Enron’s injured parties | 14 | 5 | Lessons to be learnt | 15-16 | 6 | Satyam – An overview | 17-21 | 7 | The Satyam Scandal | 21-27 | 8 | Satyam Scam Parties Responsible | 27-32 | 9 | Aftermath of the scam | 32-34 | 10
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(title) One day‚ three witches tell you that you will be ruler. You will be superior. You’re close friends with the king and your wife tells you that you’re a coward if you don’t kill him anyway. Power is in your reach. Is it morally right to seize it? Macbeth asks readers this very question. Macbeth is one of the most popular stories of all time on the subject of morality. When three witches tell the ambitious Macbeth of his future as a king‚ he and his wife assassinate King Duncan. They continue
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WHAT LED TO THE COLLAPSE OF CONSENSUS? The 1950’s and early 1960’s was a time of consensus in the US. By the middle of the 60’s the US experienced a series of shocks which undermined consensus. The assassination of President Kennedy in Dallas in 1963. The differences in the civil rights movement. The escalation of the Vietnam War. All of these factors undermined American confidence to change the world and improve the country. By the late 60’s‚ US society was polarised: divided between different
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Colony Collapse Disorder is the phenomenon that occurs when the majority of worker bees in a colony disappear and leave behind a queen. The crazy part of this is that there is plenty of food and a few nurse bees left to care for the remaining immature bees and the queen. There has been theory upon theory of why this is happening but no one has the for sure answer. You may be asking why is this such a big deal?! Well CCD (Colony Collapse Disorder) causes significant economic losses because many agricultural
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The collapse of Bear Stearns: Five years on David Thomas 19 Mar 2013 This week five years ago‚ JP Morgan announced it would buy Wall Street rival Bear Stearns in a deal worth $2 a share – this ultimately rose to $10. Here‚ Financial News looks at the events in the run-up to the fall of the 85-year old independent investment bank. Financial News compiled the timeline from press releases‚ contemporary media reports and William D Cohan’s account of the collapse of the bank‚ ‘House of Cards’. May
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