"There is a liquidity crisis globally and Indian markets are not immune to that," he said. "FIIS are selling ruthlesslessly to take out whatever money they can because yen carry trade has gone even more out of hand and they are under tremendous liquidity pressure in their home countries."
Manufacturer of Silicon Power Rectifiers, Silicon Rectifiers, Power Rectifiers, Copper Wound Industrial Transformers, Isolation Transformers, Servo Voltage Stabilizer, A. C. Variable Supply
This document provides a list of 20 schools in Balayapalli Mandal as of August 1st, 2007. It includes the name of each school, student enrollment numbers as of that date, and the number of teacher posts sanctioned for each school. The schools range in student enrollment from 6 to 18 students and have between 1 and 2 teacher posts sanctioned.
Centre for Social Innovation in the Netherlands (2)CoPIM
The NCSI is a center for social innovation in the Netherlands that brings together employers, unions, universities, and knowledge institutes. It has three main roles: 1) acting as an action center to realize projects that experiment with social innovations in organizations; 2) serving as a knowledge center to gather and disseminate knowledge through various publications and events; and 3) engaging in lobbying and agenda-setting to influence politics. It is financially supported by the government, founding board members, member fees, and paid projects or consultancy work. Key drivers for social innovation include visionary management, collective labor agreements, innovative consultants and trainers, and some government subsidy programs.
The document appears to be a product catalog from Nav Bharat Paints listing various industrial paints, primers, coatings, enamels, lacquers, and thinners they offer. It includes descriptions of their epoxy paint, primers for various uses including zinc chromate and zinc phosphate, powder coatings, and epoxy coatings. It also provides information on Nav Bharat Paints' facilities, certifications, and experience in manufacturing these industrial coatings.
Manufacturer of Silicon Power Rectifiers, Silicon Rectifiers, Power Rectifiers, Copper Wound Industrial Transformers, Isolation Transformers, Servo Voltage Stabilizer, A. C. Variable Supply
This document provides a list of 20 schools in Balayapalli Mandal as of August 1st, 2007. It includes the name of each school, student enrollment numbers as of that date, and the number of teacher posts sanctioned for each school. The schools range in student enrollment from 6 to 18 students and have between 1 and 2 teacher posts sanctioned.
Centre for Social Innovation in the Netherlands (2)CoPIM
The NCSI is a center for social innovation in the Netherlands that brings together employers, unions, universities, and knowledge institutes. It has three main roles: 1) acting as an action center to realize projects that experiment with social innovations in organizations; 2) serving as a knowledge center to gather and disseminate knowledge through various publications and events; and 3) engaging in lobbying and agenda-setting to influence politics. It is financially supported by the government, founding board members, member fees, and paid projects or consultancy work. Key drivers for social innovation include visionary management, collective labor agreements, innovative consultants and trainers, and some government subsidy programs.
The document appears to be a product catalog from Nav Bharat Paints listing various industrial paints, primers, coatings, enamels, lacquers, and thinners they offer. It includes descriptions of their epoxy paint, primers for various uses including zinc chromate and zinc phosphate, powder coatings, and epoxy coatings. It also provides information on Nav Bharat Paints' facilities, certifications, and experience in manufacturing these industrial coatings.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
National News From India Oct 24, 2008 Key Indian Equities Index Sees Biggest Fall Ever
1. Friday, October 24, 2008
Key Indian equities index sees biggest fall ever
Mumbai, Oct 24 (IANS): Indian equities markets Friday were in the midst of complete mayhem with
ruthless selling by foreign institutional investors sending a key equities index into its biggest fall ever
in percentage terms.
At 2.30 p.m., the benchmark 30-share sensitive index (Sensex) of the Bombay Stock Exchange was
ruling at 8,797.70, down 974.00 points or 9.97 percent from its previous close Thursday at 9,771.70
points after falling by 10.39 percent to hit an intra-day low of 8.756.35 points.
In the past, on Jan 21, 2008 and in May 2004 after the United Progressive Alliance coalition
government came to power, the Sensex had crashed by 10 percent much before noon and, therefore,
brought trading to a halt by hitting the lower circuit filter.
This time, however, the more than 10 percent fall Friday happened after noon so the lower circuit filter
will now come into play only when the fall is 15 percent or more.
quot;As far as I can remember this is the largest fall in percentage terms in recent history,quot; said
Jagannadham Thunuguntla, head of the capital markets arm of India's fourth largest share
brokerage firm, the Delhi-based SMC Group.
The Sensex had opened more than 200 points down and after hitting a low of 8,940.48 at noon
immediately after the Indian central bank announced its mid-term review leaving all key rates
unchanged, recovered somewhat only to slide again to hit an intra-day low of 8,756.35 points.
In percentage terms, the fall of the broader 50-share S&P CNX Nifty index of the National Stock
Exchange (NSE) was even higher.
At 2.30 p.m., the Nifty at 2,622.20 points had shed 219.75 points or 10.90 percent from its previous
close Thursday at 2,943.15 points.
quot;The RBI leaving rates unchanged is only an excuse because the nervousness in the market is
palpable and although the situation is unprecedented this crash was expected,quot; Thunuguntla said.
He also welcomed the RBI move not to add more liquidity because he said the role of the RBI is to
monitor growth and inflation and not to help out the capital markets.
quot;What is the guarantee that more liquidity would have stopped the fall in equity prices?quot; he asked,
adding: On the other hand, adding more liquidity would have added to inflationary pressures and
might lead to more problems for the real economy.quot;
2. quot;There is a liquidity crisis globally and Indian markets are not immune to that,quot; he said. quot;FIIS are
selling ruthlesslessly to take out whatever money they can because yen carry trade has gone even
more out of hand and they are under tremendous liquidity pressure in their home countries.quot;
In yen carry trade, hedge funds used to borrow yen if they earned a return of as low as 2-3 percent
they still made a profit on those investments because their cost of funds was only 0.5 percent.
Now with the dollar appreciating against the yen the conversion rate has hit a 13-year high. Currently
the exchange rate is 95 yen to a dollar when a year ago it was 109 yen to a dollar. This means yen
denominated loans have become costlier by almost 15 percent so that the cost of yen denominated
loans is now 15.5 percent against only 0.5 percent earlier.
This is forcing hedge funds with yen denominated loans to repay those loans as soon as possible and
stop losing money. This is the reason they are selling off whatever assest they have, wherever they
have to repay yen denominated loans.
quot;The markets are not a proxy for the real economy. When there was 9 percent growth in the last two
years, markets grew by 40 percent. Now even if domestic economy grows 7-8 percent, markets can
crash by more than 50 percent,quot; he said.
When there was great global liquidity, FIIs invested here pushing up the markets, he said. Now there
is no global liquidity so FIIs are pulling out in a hurry.
quot;I think the RBI's move not to add further liquidity is, therefore, prudent. The markets will correct
themselves only when the global liquidity situation stabilizes,quot; he said.
It is also too much to expect that domestic financial institutions with investible surpluses in the range
of $10-15 billion can stem the rot when market capitalization losses are to the tune of $600-700
billion, he said.
quot;We enjoyed the benefit of high global liquidity, now we have to bear the other side of the stick,quot;
Thunuguntla said.
Global cues too are weak throughout with the Dow Jones futures that is traded on European markets
opening 400 points down Friday, most European markets 7-8 percent down and Asian markets too
shedding value.