electric industry. Soon after Enron acquired Portland General Electric Corp. With profits skyrocketing‚ ‘they were ready to create a market for anything that anyone was willing to trade: futures contracts in coal‚ paper‚ steel water and even weather’ Skilling hired Andrew Fastow in 1990‚ who became his protégé. Working his way up swiftly‚ became the financial chief officer in 1998. PRC – Performance Review committee‚ ranked from 1-5‚ 1 meaning you got closer to skilling‚ 5 meaning you
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ARTIFICIAL NEURAL NETWORKS INRODUCTION Over the last 25 years artificial neural networks have found its way into various applications ranging from character recognition‚ pattern recognition‚ handwriting recognition and so many others. Artificial neural networks are models inspired by the animal central nervous system which includes the brain and that of many other organisms. Frequently neural networks is used in a broad sense which group together different families of algorithms and methods. Artificial
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a plethora of bankruptcies‚ forced mergers and massive monetary intervention from financial authorities‚ thereby leading to a drastically reshaped financial landscape.3 Nonetheless‚ East Asia in particular was in a much better position to weather a financial crisis compared to a decade ago. At the time of the crisis until today‚ its economic fundamentals have been generally stronger. Banking systems in the region have‚ in general‚ become more resilient‚ sound and stable. The region has
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Before filing for bankruptcy in 2001‚ Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems in the world‚ totaling more than 36‚000 miles. It was also one of the largest independent developers and producers of electricity in the world‚ serving both industrial and emerging markets. Timeline Enron began as Northern Natural Gas Company‚ organized
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Particulars 1. Application form 2. Curriculam Vitae 3. Academic and Professional Qualification 4. Syllabus 5. work Experience 6. Sample Photos 7. Additional Information 8. Food items 9. Passport Details SALADS Salad is defined as - A dish of raw or cold cooked food usually dressed and seasoned‚ served as an appetizer or a side dish. The word “Salad” derives from the Roman word “Sal”
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MARKETING OF CRUDE OIL & PRODUCTS CPM-DS‚ HPCL SANGEETH P S ISPE-HPCL-CPM-DS1-015 08/JULY/2013 MARKETING OF CRUDE OIL & PRODUCTS PART I : Each Question is of 1 mark each 1. Name petroleum products which we get on processing Crude Oil. Ans: Petroleum products are usually grouped into three categories: light distillates (LPG‚ gasoline‚ naphtha)‚ middle distillates (kerosene‚ diesel)‚ heavy distillates and residuum (heavy fuel oil‚ lubricating oils‚ wax‚ asphalt). This classification is
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America‚ Enron was formed in 1985 when InterNorth acquired Houston Natural Gas. The company branched into many non-energy-related fields over the next several years‚ including such areas as Internet bandwidth‚ risk management‚ and weather derivatives (a type of weather insurance for seasonal businesses). The Enron fraud case is extremely complex. Some say Enron’s demise is rooted in the fact that in 1992‚ Jeff Skilling‚ then president of Enron’s trading operations‚ convinced federal regulators to
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ECONOMICS A Short History of Derivative Security Markets By Ernst Juerg Weber The University of Western Australia DISCUSSION PAPER 08.10 A Short History of Derivative Security Markets Ernst Juerg Weber Business School University of Western Australia Crawley WA 6009 Australia eweber@biz.uwa.edu.au August 2008 Abstract Contracts for future delivery of commodities spread from Mesopotamia to Hellenistic Egypt and the Roman world. After the collapse of the Roman Empire‚ contracts
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impressionist Rory Bremner‚ derivatives (securities derived from other securities) are also explained: Bremner‚ Bird‚ and Fortune‚ Silly Money: Where did all the money go?‚ Part 3‚ November 10‚ 2008 Bremner‚ Bird‚ and Fortune‚ Silly Money: Where did all the money go?‚ Part 4‚ November 10‚ 2008 The betting of practically anything helped create enormous sums of money out of almost nothing. However‚ as former US Presidential speech writer‚ Mark Lange‚ notes‚ “because [derivatives are] entirely unregulated
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This Documentary is about the economic recession of 2008. How it happened and where do we stand now. It is made in American context since the collapse of the global economy was triggered by the collapse of a few American Financial institutions provides an in depth analysis and investigates the reason that lead to the collapse of the global economy. It begins by providing us a real life case of Iceland. How Iceland moved from a very successful and developed country to a country that is now in debt
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