GMO WHITE PAPER March 2012 What Goes Up Must Come Down! James Montier A Little Detour into My Murky Past Nearly a quarter of a century ago‚ I was a young‚ naïve‚ and foolish believer in an economic concept known as rational expectations – an elegant‚ mathematically beautiful theory with no practical use. In Star Wars parlance‚ I had effectively been seduced by the dark side. Thankfully‚ several of my university lecturers were determined to save me from this terrible fate. They insisted on teaching
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leverage and systematic risk Kheder Alaghi Armenian State Agrarian University‚ Armenia. E-mail: khederalaghi@gmail.com. Accepted 25 October‚ 2011 The aim of this paper is to study the effect of operating leverage in the systematic risk of listed companies in Tehran Stock Exchange. In this study‚ operating leverage (OL) as independent variable and systematic risk (β) as the dependent variable are considered. SIG ≤ 0.05 means H0 hypothesis is rejected; otherwise there is no adequate reason for rejecting
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The 3 most famous R’s (Reduce‚ Reuse and Recycle) Before we start our presentation‚ I will suggest that we play a clip video regarding the 3 R’s from you tube by “Jack Johnson” in order to put the audience in the mood and let them anticipate the better picture of our topic of the day. Introduction Practicing these three steps (Reduce‚ Reuse and Recycle) helps us lessen the environmental impact that manufacturing and distributing products have on our environment. Reducing waste is the most
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Above all those‚ poverty is what mostly affects the Mexican people which forces them to immigrate and face persecution by authorities. However‚ it doesn’t have to be this way at all if the President’s wanted to. If Mexican politicians raised the labor wages for workers‚ and created more jobs this will for sure decrease poverty
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Irish History Assignment (a) What did this proclamation offer the people of Ireland? The Proclamation of Poblacht Na hEireann was read by Patrick Pearse outside the GPO during the 1916 rising. The document itself was issued by the Irish Volunteers and The Irish Citizen Army. The Irish Republican brotherhood calling itself “The Provisional Government” proclaimed Ireland’s independence from Britain. The proclamation was read out to the Irish people‚ it begins by addressing The “Irishmen and Irishwomen”
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COMPLEX EVENT PROCESSING 1. Technology Description Complex event processing (CEP) is the use of technology to predict high-level events likely to result from specific sets of low-level factors. CEP identifies and analyzes cause-and-effect relationships among events in real time‚ allowing personnel to proactively take effective actions in response to specific scenarios.1 CEP combines data from multiple sources to infer events or patterns that suggest more complicated circumstances. The
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Taking part-time jobs has become the phenomenon among university students‚ and some students in Soochow University follow this trend as well. Indeed‚ there are some advantages; however‚ there are also some disadvantages. One of the advantages is that students can earn money. Some students have to earn money on their own to pay the tuition while some students just earn money to pay for their expenditure or satisfy their desire. In this material-oriented society‚ money is important and indispensable
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wondered about the future? What kind of new technologies and inventions there will be? I know I have and still do wonder about these things all the time. I play out all kinds of different scenarios in my head and think about what the future might be like. But the one question I never really asked myself is what types of jobs will there be in the future? After reading “Better than Human: Why Robots will and Must Take Our Jobs” by Kevin Kelly I really begin to think about what jobs will be gained and lost
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thousand employees‚ and about fifty percent of the employees are woman‚ which is a change for woman in the society. Twenty percent of woman in India have jobs now due to Business Process Outsourcing. This is good for India because more women are getting an education and are learning more than ever before. The men and woman of Business Processing Outsourcing have been educated‚ and are able to speak English and speak to people in places such as the United States and Australia. They are gaining a better
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Input Device is any peripheral (piece of computer hardware equipment) used to provide data and control signals to an information processing system such as a computer or other information appliance. A keyboard is the most common input device. Using a keyboard‚ the user can type the text and execute commands. Keyboard is designed to resemble a regular typewriter with a few additional keys. Data is entered into the computer by simply pressing various keys. The layout of a keyboard comes in various
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