bought oil long if it thought the market would rise and short if it thought oil prices would fall (2). In January 1987‚ a security officer at Apple Bank in New York alerted Enron auditors of a strange set of transactions by two of the company’s oil traders: Louis Borget and Thomas Mastroeni. The bank security man said that $100‚000 transfers were coming from an Enron account at Standard Chartered Bank in Britain’s Channel Islands. Transactions from the Channel Islands were a red flag to bank security
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Kidder‚ Peabody & Co. Group Project 1. Who is to blame for the downfall of Kidder Peabody & Company? Arguments for guilt and innocence: -- Joseph Jett – Guilty Did not reveal the accounting glitch to his superiors and took advantage of the system deficiency Continually entered a new forward recon so the loss would not be calculated and recorded thus knowingly hiding the daily loses If Jett did not knowingly commit fraud and acted within KP guidelines‚ that does not exonerate
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Yet Another Scandal The Allied Irish Bank Case Written by Hans Raj Nahata and Felix Stauber under supervision of Professor Michael Pinedo‚ Stern School of Business‚ New York University. For classroom use only. Introduction This is a short story of failures. It is rather a chilling story of how a single person‚ under the most common work circumstances‚ can lose $750 millions! And he does so‚ by bullying his subordinates‚ intimidating his colleagues‚ threatening his
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many laborers were needed for construction works. Thus‚ there were many job opportunities for skilled & unskilled‚ and people from other countries were attracted by the fact that as long as they worked hard‚ they could earn a decent living. Traders were attracted to come due to SG’s free port status and lax immigration policy which allowed them to come & go as they please without having to pay duty on goods they bought Immigrants’ contribution Immigrants contributed to the building
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arrived. It became an immense business. Soon the Arab traders started to settle along the coast of Africa‚ resulting in the appearance of people and culture acknowledged as Swahili. Later on the slave trade expanded and became more organized. A number of different people were involved like the Arabs and Africans in supplying slaves on the inside. There was a very famous trader and his name was Tippu Tip‚ and he was a Swahili arab- son of a trader and the grandson of an African slave. His men and him
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West African Slave Trade The West African Slave Trade was a global event that focused on West Africa. It was the sale and ownership of another human being that was put into slavery. It was a “forced Migration” that lasted 300 years. It was an event that forced 15‚ 000‚ 000 people into slavery for a lifetime. From 1551 – 1850 about 15‚000‚000 people were brought into the slave trade it is said that roughly 5‚000‚000 did not survive‚ and may have immediately died before making through the shock
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to 2020: The next food revolution Elleni‚ Gabre-Madhin. 2001. Market institutions‚ transaction costs‚ and social capital in the Ethiopian grain markets Elleni‚ Gabre-Madhin‚ and Wolday Amha. 2003. Micro Economic Behavior and Constraints of Grain Traders in Ethiopia Agricultural Growth in Ethiopia; Bridging the Opportunities and Challenges (July 17-18‚2003). FAO. 2003. Ethiopia: Livestock sector brief. FAO. 2003b. Milk and Dairy Products‚ Post-Harvest Losses and Food Safety in sub-Saharan Africa and
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creating or providing employment for individuals this minimises the unemployment rate. B) Unincorporated enterprises is when the enterprise has NOT gone through the process of not separating the owner from its legal entity examples; sole traders and partnerships Incorporated enterprises are when the business HAS gone through the legal process of separating the owner from its legal entity examples; private and public companies. PART 2 A) Stakeholders: People who are or may
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either one of four distinct business organisations‚ Sole Trader‚ Partnership‚ Private company and Public company. Sole Trader A sole trader or a sole proprietor is a type of business entity which legally has no separate existence from its owner. All business debts are the debts of the owner. A sole trader essentially means a person does business in his or her own name and there is only one owner. An entrepreneur may opt for soul trader status due to the little additional work and the informal
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The relationship between the Americans and the Native Americans had been tumultuous for some time. The Americans insisted on recklessly encroaching on Indian land and the Indians were forced to defend it. The Rocky Mountain Fur Company’s fur traders were licensed to trade only to do trade with the Indians‚ but they set out to trap and hunt instead. What they didn’t realize was that two Indians had been killed just a few weeks prior in a skirmish with the Missouri Fur Company and the situation in
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