P10-B Pork Barrel Scam: A Reflection The Philippines was completely shaken when the news about the Napoles P10-B pork barrel scam dominated the different forms of media throughout the country during the third quarter of 2013. The Filipinos‚ although lacking knowledge about what the scam was all about‚ were enraged by this news. Demonstrations‚ rallies and other kinds of public display were staged by concerned citizens in condemnation to this distressing report. One of these was the massive demonstration
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Stock Exchange Assignment Portfolio: 12/03/07 $150 000 in Rio Tinto Ltd (RIO) @ $74.84 = 2 004 shares $50 000 in Newcrest Mining Ltd (NCM) @ $21.28 = 2 349 shares $50 000 in Macarthur Coal Ltd (MCC) @ $4.55 = 10989 shares $50 000 in Fortescue Metals Group (FMG) @ $18.05 = 2770 shares Total: $300 000 18/05/07 2004 shares in RIO @ $90.91 = $182 183 .64 2359 shares in NCM @ $22.20 = $52 369.80 10989 shares in MCC @ $5.27 = $57 912.03 2770 shares in
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Brief History of Stock Exchanges News on the stock market appears in different media every day. You hear about it any time it reaches a new high or a new low‚ and you also hear about it daily in statements like ’The BSE Sensitive Index rose 5% today’. Obviously‚ stocks and stock markets are important. Stocks of public limited companies are bought and sold at a stock exchange. But what really are stock exchanges? Known also as the stock market or bourse‚ a stock exchange is an organized marketplace
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Earl Jones was born in Montreal on June 24‚ 1963. He started to work at Montreal TRUST for over 16 years; he worked 8-10 different positions including investment management‚ estates‚ trust administration‚ will planning and manager of the mortgage department. In 1970 Jones left the company to start his own business‚ he began holding courses on taking care of finances. He then launched a company he called “Earl Jones Consultant and Administration Corporation‚ an administrative and financial advising”
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INTRODUCTION Stock market is an essential part of capital market. The economy of our country largely depends on a strong capital market. Contribution of any stock exchange generally leads to economic growth by increasing the funds to finance industry and other enterprise. Stock exchange is an independent company formed by shareholders members. It can take various decisions independently. The objectives of stock exchange is to provide a market place along with facilities for together the buyers
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1. Coal allocation scam Coal allocation scam or Coalgate‚ is a political scandal concerning the Indian government’s allocation of the nation’s coal deposits to public sector entities (PSEs) and private companies by Prime Minister Manmohan Singh. In a draft report issued in March 2012‚ the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period 2004–2009. Over the Summer of 2012‚ the opposition BJP
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the implication of overreaction to the return predictability in UK stock market Over the past decades‚ overreaction has drawn attention from many economic researchers‚ the most significant studies being Jegadeesh and Titman‚ (1993)‚ De Bondt and Thaler (1985) proving the existence of overreaction. In their framework‚ they violated the EMH assumption. Then many later studies examined the overreaction effect through different market anomalies with One of the important anomalies being arbitrage trading
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In the recent news‚ pyramid scam is one of the reports that gained attention from the public. Pyramid scam is a fraudulent scheme in which people are recruited to make payments to the person who recruited them while expecting to receive payments from the persons they recruit; when the number of new recruits fails to sustain the payment structure the scheme breakdowns with most of the members losing the money they put in. A group called Aman Group Philippines Incorporated (AGPI) operated this scheme
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After a nine-week period of $100‚000 investment divided equally among four stocks (3D Systems‚ Microsoft‚ Nordstrom and Sony)‚ our portfolio has been liquidated‚ analyzed‚ and compared to the surrounding markets by investing the same $100‚000 in each of 3 different indexes: the VFINX‚ the VHGEX and the NASDAQ 100. These portfolios represent the overall U.S.‚ global equity and technology market‚ respectively. Shown below are the results from the portfolio and its comparisons. Performance/Risk Assessment
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the stock market crashed in 1929‚ and Ben Bernanke recently stated “to understand the Great Depression is the Holy Grail of macroeconomics.” (Bernanke) Most of the discussion aimed at identifying causes of the crisis is focused on the financial structure of our economy. This has led to incongruent conclusions by many financial experts. It may be more important to direct attention to the social mechanisms that could have influenced not only this most recent crisis‚ but also the stock market crash
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