History Essay ‘Thirteen Days’ Words: 825 Thirteen Days‚ a semi-bibliography of the Cuban Missile Crisis and the steps the American Government took to avoid a nuclear war. In 1962 Fidel Castro agreed to the placing of nuclear missiles belonging to the Soviets in Cuba. All placing of these missiles was done in secrecy‚ however on October 14th an American U2 plane took photographs of the missile site and the American Government was immediately informed. Thirteen Days follows the perspective of three
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DERIVATIVE DISCLOSURES DURING THE FINANCIAL CRISIS CRITIQUE The case study resembles the important role of disclosures in using the derivatives. More companies are losing billions of dollars due to lack of transparency in doing derivative transaction. This can be seen in the monoline insurer like the American Municipal Bond Assurance Corporation (AMBAC) and the Municipal Bond Insurance Association were affected when the subprime mortgage financial crisis took place in 2007. The issue of disclosures
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financial crisis was an all encompassing meltdown that affected the entire global economy. It is nearly impossible to quantify the distress this crisis put on the American economy and the world has yet to see the long term damage. After any disaster‚ people are eager to point fingers. This financial meltdown was no different‚ as critics were quick to blame anything and anyone from Wall Street to fair value accounting. It’s hard to pinpoint exactly what caused the most recent financial crisis‚ and even
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Economic Crisis Impact on Auto Industry’s Costs and Sales B.W. Strayer University Abstract The 2008 economic crisis negatively impacted the U.S. domestic automobile industry. GM‚ Chrysler and Ford reported annual operating costs and sales revenues that mimicked the movement of the overall economy from 2005-2010. Until 2009‚ all three companies displayed a downward trend in operating costs and sales revenues. These two aspects of automobile manufacturers are directly
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the financial markets‚ which marks the beginning of the financial tsunami that went on for a long period of time. First we have Freddie Mac and Fannie Mae taken over by the US Treasury‚ which is one major event contributing to the subprime mortgage crisis. Then we have the bankruptcy of Lehman Brothers which Mamudi (2008) reported to be one of the largest bankruptcy filing in US history with Lehman holding over $600 billion in assets. Then we have the collapse of investment bank Bear Stearns‚ the bailout
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responded to the various phases of the financial crisis from the August 2007 to early September 2010 which focusing on developments and expansion that triggered a Eurosystem’s response‚ rathen than underlying disproportion that due to developments. It differentiate between four phases: 1) the period of turmoil; 2)the intensificaton of the financial crisis; 3) the period of temporary improvements in financil market conditions; and 4) the sovereign debt crisis. 1) The Period of Financial Turmoil On 9th
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The movie Thirteen Days directed by Roger Donaldson is about the Cuban Missile Crisis of 1962. It is often referred to as a docudrama as it is very entertainment oriented but still remains close to the roots of what actually happened. Since it was produced at a later date than many other films portraying the events‚ Thirteen Days was able to access recently declassified information which helped in attaining a more historically accurate film. Although there were some discrepancies with what happened
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BAO3309 ADVANCED FINANCIAL ACCOUNTING Semester 1‚ 2013 INDIVIDUAL ASSIGNMENT – 20% (Due date week 9) Please contact your local lecturer. “What was the primary cause of the current financial crisis? Sub-prime mortgages‚ credit default swaps‚ or excessive debt? None of those‚ says Steve Forbes‚ chairman of Forbes Media and sometime political candidate. In his view‚ mark-to-market accounting was "the principal reason" that the U.S. financial system melted down in 2008. Do accounting rules actually
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The formation of the postcolonial Moroccan national identity with the components of Islam‚ Moroccanity ‚ Maghrebity‚ Africanity‚ Arabity‚ Berberity and Europeanity goes back to the conquest of the city of Ceuta in the 16th century by the Portuguese. The aim of using Morocco’s sources for the economic interests of the Portuguese Kingdom‚ when it started to transform into missionary activities‚ triggered the Islamic feelings of the local Berbers and Arabs who became Muslim with the Arab conquest in
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In this article‚ I present evidence that psychological pitfalls played a crucial role in generating the global financial crisis that began in September 2008. The evidence indicates that specific psychological phenomena—reference point–induced risk seeking‚ excessive optimism‚ overconfidence‚ and categorization—were at work. I am not saying that fundamental factors‚ such as shifts in housing demand‚ changes in global net savings rates‚ and rises in oil prices‚ were not relevant. They most certainly
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