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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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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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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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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01.07 Collapse of an Empire 1. What person have you put yourself in the place of? I am holding on very firmly to my crossbow‚ occasionally accidentallt bumping inot other soldiers beside me because of all of the chaos happening. 2. What does this person smell? I can smell the salty sea water in the air. 3. What does this person see? I see other fellow Turkish Soldiers surrounded around me. We all have weapons in our hands‚ whether it’s a crossbow‚ swords and shields‚ or spears. Most of the
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The collapse of the Fargo Grain Elevator was an unfortunate event that could’ve been prevented. It has something in common with almost every other building in the world‚ it was built on soil. It is different everywhere you look and must be treated differently in every situation. Many people think that as long as there land beneath a building that it’s fine and you can put whatever you want on top of it. As years have gone by and scientists and engineers have been able to study different types of
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Introduction: The Collapse of Icesave In 2006‚ Landsbanki – one of Iceland’s three major banks – officially announced the launch of a new project: Icesave. Icesave‚ a new brand to be operated by Landsbanki‚ was designed to offer online savings accounts with low commitment‚ ease of access‚ and high interest rates in both the United Kingdom and the Netherlands (Landsbanki Annual Report 2007). In the UK‚ the interest rates were higher than 6%10; in the Netherlands‚ 5.25%11. As more evidence of the
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Knowing Your Audience Paper BCOM/275 June 4‚ 2012 Quinton Murphy Chilean Copper Mine Collapse This paper will discuss in how important it’s to know your audience. When having to communicate a disaster like the Chilean copper mine that occur in South America it’s one example of where knowing your audience was a very important issue. This disaster in the Chilean copper mine‚ a disastrous downfall in one of
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