Customarily, these types of bankruptcy settlement deals don’t result in a payment of 100 cents on the dollar. Instead, the recipient “takes a haircut” by accepting a very small settlement. For example, Eric Dinallo negotiated a similar settlement of credit default swaps when he was the Insurance Superintendent for the state of New York. At his behest, Merrill Lynch settled a case for only 13 cents on the dollar from a company “XL Guarantee.” Although, this time around, Merrill Lynch received…
tradition in New York City skyscraper construction that included the Flatiron Building (completed in 1902); the 1250-ft, 102-story Empire State Building (1931); the Art-Deco Chrysler Building (1930); the Rockefeller Center complex (begun 1931); and Citigroup Center (1977). Later additions to the skyline included the 52-story New York Times Building (2007), a “green” structure planned for energy efficiency; and the 54-story Bank of America Tower (2010)” (Funk pg). “Older structures include Gracie…
The most important benefit of pharmaceutical drugs is the fact that it helps enhance one’s health. There have been great health outcomes from using the drugs. According to the U.S. Bureau of Labor Statistics (2012), the pharmaceutical industry has helped to develop and produce products that help treat a variety of diseases in which saving millions of lives and helping people suffering from diseases and illnesses to recover and lead more productive lives. In order to get these drugs to be sold to…
In this essay I will argue that Kevin Rudd is correct in criticising the neoliberal attitudes. To quote David McKnight “In effect, Kevin Rudd sees the financial crisis as the Berlin Wall of the free-market, marking the end of an era”. (McKinight, 2009) “The current crisis is the culmination of a 30-year domination of economic policy by a free-market ideology that has been variously called neo-liberalism, economic liberalism, economic fundamentalism, Thatcherism or the Washington consensus.”…
Venmo, a free digital wallet that lets a person deposit checks and/or money and to send money to friends and family. This convenience for the user puts unfortunately puts the jobs of the people who work at bank branches at risk. According to a new Citigroup study, thirty percent of bank jobs may be lost between 2015 to 2025 die to retail banking automation. In addition to Venmo, there are also many other payment businesses such as Square, Apple Pay, and Paypal. Other payment business are…
world. The CFA qualification is a desirable achievement required by many employers in the field of finance. Some of the large organizations that require their applicants for financial analyst vacancies to be CFA charter holders include JP Morgan, Citigroup, and UBS. The CFA program covers a broad range of topics such as financial analysis and investment management. The program also offers general knowledge in other finance areas. Therefore, the CFA credential gives the charter holders an…
The book The Divide by Matt Taibbi is an over look at the growing problem of inequality of the justice system. The book explains several examples of diversity in the justice in America. The diversity is between the wealthy and the not so wealthy. This book is a very good example of this course, because it is an over view of the different discussions throughout this courses. The book The Divide fits this course by the outline of views of difference in how the justice system prosecutes persons of…
The financial crisis of 2007-2008 was the most financially detrimental event since the Great Depression, which had a great effect on investment and banking systems; leading to a recession. One company in particular largely involved was Freddie Mac. Freddie Mac, also named the Federal Home Loan Mortgage Corporation, is a public government sponsored enterprise and designed to expand the secondary market mortgages in the U.S. alongside Fannie Mae (prmia.org). Further discussion will include…
The Dow Chemical Company is one of the leading chemical company in the world. To adapt the new market environment and to bring the company to new heights, the Dow Chemical Company launched the “Dow of tomorrow” strategy in 2006. The strategy includes two parts – First part is pursuing an asset-light approach to its low-margin, but cash-rich, commodity businesses, this part was achieved by a joint venture with Petrochemical Industries Company; the second part is building high-growth and…
Being Ethical and Turning a Profit Today’s global business environment has new challenges and ethical dilemmas that businesses did not have to contend with many years ago. The business mentality of today is in a constant state of evolution, from the mentality of just gaining high profit margins to incorporating social and environmental responsibility in the organization’s business structure. There are many factors that shape an organizations future such as owners demands, shareholders,…