Pre-September 2008: The AIG Crisis Over the years‚ AIG built upon its premier global franchises in life and general insurance by expanding into a range of financial services businesses. One of these‚ created in 1987‚ was AIG Financial Products Corp. (AIGFP)‚ a company that engaged as principal in a wide variety of financial transactions for a global client base. In 1998‚ AIGFP began to sell credit default swaps to other financial institutions to protect against the default of certain securities
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Financial Crisis of ICELAND and Recovery Word Count = 1290 When you look at the map‚ a seemingly abandoned island in the arctic stands out. It’s a land known for its peace‚ volcanos‚ fish‚ and unbelievably beautiful nature. The subject of my discussion today is the cream of Nordic nations‚ the land of Erik the Red‚ Iceland. In this paper‚ I will look into the incredible sufferings of Icelandic economy in aftermath of 2008 financial crisis the causes‚ the derivatives‚ and the impressive recovery
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Future for MNCs in China A KPMG Study kpmg.com/cn In partnership with Contents Introduction The Big Picture: What is next for China and the world’s multinationals? Business Challenges: The end of ‘cheap China’? Rising Consumption: China’s middle class - myth or reality? Regulatory Challenges: A harder place to do business? Regional Differences: There is more than one China The Future: Looking forward to the next decade KPMG Insights: Adapting Strategies for the China Market About KPMG
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Sustainable International Investment October 18‚ 2010 Editor-in-Chief: Karl P. Sauvant Editor: Thomas Jost Associate Editor: Ken Davies Managing Editor: Ana-Maria Poveda-Garces Inward FDI in China and its policy context by Ken Davies∗ After opening its doors to foreign trade and investment in 1978‚ China has become the largest recipient of inward foreign direct investment (IFDI) among developing and transition economies. The early policy of investment attraction by means of fiscal incentives and
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Iran hostage crisis The Iran hostage crisis was a diplomatic crisis between Iran and the United States. Fifty-two US citizens were held hostage for 444 days from November 4‚ 1979 to January 20‚ 1981‚ after a group of Islamic students and militants took over the Embassy of the United States in support of the Iranian Revolution. Sixty-six Americans were taken captive when Iranian militants seized the U.S. Embassy in Tehran on November 4‚ 1979‚ including three who were at the Iranian Foreign Ministry
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The Regency Crisis was a political battle that was pushed in the background due to the French Revolution‚ about the health of King George III‚ who was believed to have gone insane putting the British Government and Monarchy in a major tailspin. However‚ this so-called crisis lasted only three months‚ but within that time two political parties were duking it out‚ George III and his son‚ George IV fought for the throne‚ and Parliament was in an all-out war to keep the country from having a civil war
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The crisis in Venezuela Officially called the Bolivarian Republic of Venezuela‚ the fourth largest country in South America is located on the northern coast of the continent and with an estimated population around thirty million citizens. The spanish speaking country is one of the most urbanized in South America with the majority of the population living in and around Caracas‚ the country’s capital. Venezuela is best known for its vast natural resources‚ specially its reserves of crude oil and gas
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The Climate Crisis Global warming: an increase in the earth’s atmospheric and oceanic temperatures widely predicted to occur due to an increase in the greenhouse effect resulting especially from pollution. Given the definition it may not sound as scary as it actually is. The whole process of global warming is a science in itself. It may also be known as `the climate crisis’ because scientists believe that the occurrence of such extreme temperatures will bring our earth to turmoil
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communications standpoint? Google entered China in 2006 with high hopes of taking over the Chinese internet market. In order to become a major player for internet search engines in China‚ however‚ they had buckled and filtered search results according to the Chinese government. When Google.cn was launched‚ a loud public outcry over its giving in to the Chinese government on censoring and filtering search engine results‚ the company faced a communications crisis. Since Google had always been known for
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Abstract Part 1: Crisis Scenario Development Develop a scenario describing a crisis situation. Possible topics for your scenario include school violence‚ workplace violence‚ terrorist attack‚ sexual assault‚ or natural disasters. Your scenario must include sufficient breadth and depth in terms of the details surrounding the incident you have chosen‚ to include: • Description of the crisis. • Description of the amount of damage. • Description of the victims (physical and psychological damage)
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