6. The Lehman Brothers failure was followed by concerns about the big banks and other organizations such as AIG and large organizations like GM, both of which were bailed out. AIG is especially interesting because it had a sound insurance business but acquired a business in questionable loans with major participants like Goldman Sachs. In some respects, the AIG bailout was a bailout of the Goldman Sachs of this world.
And yet, if the truth were to be told, our slumber is not as peaceful as it once was. Beginning with the Great War in 1914, and accelerating after 1945, there has re-emerged an apocalyptic dimension to the modern world. In a strange way, however, this apocalyptic dimension has arisen from the very place that was meant to liberate us from antediluvian fears. This time around, in the year 2008, the end of the world is predicted by scientists and technologists. One can read about it every day in the New York Times, that voice of the rational and cosmopolitan Establishment. Will it be an environmental catastrophe like runaway global warming, or will it be murderous robots, Ebola viruses genetically recombined with smallpox, nanotech devices that dissolve the living world into a gray goo, or the spread of miniature nuclear bombs in terrorist briefcases?
Hoover's Handbook of World Business 2008
But because we do not know how our story of globalization will end, we do not yet know which it is. Let us return to our thought experiment. Let us assume that, in the event of successful globalization, a given business would be worth $ 100/share, but that there is only an intermediate chance (say 1:10) of successful globalization. The other case is too terrible to consider. Theoretically, the share should be worth $ 10, but in every world where investors survive, it will be worth $100.25 Would it make sense to pay more than $10, and indeed any price up to $100? Whether in hope or desperation, the perceived lack of alternatives may push valuations to much greater extremes than in nonapocalyptic times.
Hoovers : A database containing information on public and private enterprises worldwide. Private company information typically includes business description, news, competitors list, key people and contacts. Also provides information about the headquarters and branches where applicable. The Build a List function is very useful for creating competitors lists.
MSCI ESG KLD Stats: A dataset, provided by MSCI ESG Research Inc (formerly KLD), which supports CSR, corporate governance, and sustainability research and teaching. This dataset is designed to provide in-depth research, ratings and analysis of environmental, social and governance (ESG) business practices to companies worldwide and contains scores which reflect the triple bottom line (TBL) performance companies based on key ESG factors. Scores are awarded to those companies with demonstrated commitment to environmental and social issues, and are helpful to stakeholders who practice socially responsible investing (SRI). This dataset is available to York University faculty, PhDs and master students enrolled in business related programs via WRDS. Contact Xuemei Li lixuemei@yorku.ca for more information.
Nexis Uni (formerly Lexis Nexis Academic) : makes available thousands of news, business, and legal information sources. Included are current international newspapers, as well as news magazines, newswires, broadcast transcripts, and newsletters. Business information includes business and financial news, U.S. and international company financial information from government or private sources, market research, industry reports, and actual SEC filings. The Company Dossier service covers over 30 million public and private companies worldwide. Also offers access to case law, statutes and regulations, as well as secondary sources such as law reviews and legal news.
S&P Capital IQ is a web-based platform that combines deep information on companies, markets and people worldwide with robust tools for analysis and idea generation. Over 62,000 public companies and 4.4 million private companies are profiled. Tap into deep fundamental data covering equities, fixed income, capital structure, credit ratings, transactions, private equity firm profiles, ownership, business relationships and more. To access Capital IQ, current York students, faculty and staff must create an account using their valid YorkU e-mail and access it through this link
We are living through an age of fundamental economic transformation. Technology has changed the way we live and the way the world does business. The collapse of the Soviet Union and the advance of capitalism have vanquished old challenges to America's global leadership, but new challenges have emerged. Today, jobs and industries can move to any country with an Internet connection and willing workers.
We have failed to guard against practices that all too often rewarded financial manipulation instead of productivity and sound business practices. We have let the special interests put their thumbs on the economic scales. We do not believe that government should stand in the way of innovation, or turn back the clock to an older era of regulation. But we do believe that government has a role to play in advancing our common prosperity: by providing stable macroeconomic and financial conditions for sustained growth; by demanding transparency; and by ensuring fair competition in the marketplace. We will reform and modernize our regulatory structures and will work to promote a shift in the cultures of our financial institutions and our regulatory agencies. We will ensure shareholders have an advisory vote on executive compensation, in order to spur increased transparency and public debate over pay packages. To make our communities stronger and more livable, and to meet the challenges of increasing global competitiveness, America will lead innovation in corporate responsibility to create jobs and leverage our private sector entrepreneurial leadership to help build a better world.
Morrison, T. and Conaway, W.A. (2008). Tips for doing business in Brazil. In Kiss, bow or shake hands. Retrieved January 30, 2008, from -bow-or-shake-hands-the-bestselling-guide-to-doing-business-in-more-than-60-countries/oclc/647105256
Also in 2002, SSA began to open offices dedicated entirely to handling Social Security number business. The first Social Security Card Center (SSCC) opened in Brooklyn, NY, in November 2002. Six more SSCCs have since opened: Las Vegas, NV, in April 2005; Jamaica, NY, in July 2006; Downtown and North Phoenix, AZ, in October 2007; Orlando, FL, in March 2008; and Sacramento, CA, in November 2008. Generally, any individuals who live in the service area of a Card Center and need an original or replacement card must visit the Card Center rather than their local field office. 2ff7e9595c
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