Enron‚ the Smartest Guys in the Room. Enron was involved in American’s largest corporate bankruptcy. It is a story about people‚ and in reality it is a tragedy. Enron made their stock sky rocket through unethical means‚ and in reality this company kept losing money. The primary value operating among the traders was greed‚ money‚ and how to make profits under any circumstance. The traders thought that a good trader is a creative trader and the creative trader can find any arbitrage opportunity
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per person back down to its original real level. The net result of this would be an increase in the cost of production. 3. THE LABOUR THEORY OF VALUE: The value of a product is equal to the value of the labour involved in its production. ADAM SMITH * Nationality: Scottish * Dates:1723-1790 * Publications: An inquiry into the nature and Causes of the wealth of nations. Main Ideas: * The invisible hand of free enterprise. * Laissez –Faire * Labour theory of values *
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ECONOMICS Adam Smith He was a Scottish philosopher during the Enlightenment. (The Enlightenment was an 18th century philosophical movement in Europe that stressed the importance of reason in analysing and investigating.) He wrote ’An Enquiry into the Nature and Causes of The Wealth of Nations’ published in 1776. His main economic ideas were: A nation’s wealth was the total value of its goods and services‚ not the value of its raw materials and precious metals. The value of these goods
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supply creates its own aggregative demand”. In other words‚ every manufacturer is the purchaser at the same time‚ and sooner or later everyone needs goods that produced by others. Thus‚ the macroeconomic market will always be in equilibrium. Adam Smith‚ a major proponent of the classical approach‚ wrote: “It is not from the benevolence of the butcher‚ the brewer‚ or the baker‚ that we can expect our dinner‚ but from their regard to their own interest.” (Lectures‚ p. 169‚ 1729) The financial
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Written in 1949 looking into the future of 1984 George Orwell wrote a novel about a negative utopia where the government controls everything‚ even your thoughts. In London 1984 Winston Smith starts writing a diary about his life‚ and later put in prison for his actions. Winston Smith is our main character and the easiest character to relate to. He is also the character with the most progression and changes. Julia is Winston’s lover and companion that he hated before he knew her and then later loves
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* NAME: Sylvia Plath * OCCUPATION: Academic‚ Editor‚ Author‚ Poet * BIRTH DATE: October 27‚ 1932 * DEATH DATE: February 11‚ 1963 * EDUCATION: Smith College‚ Cambridge University * PLACE OF BIRTH: Boston‚ Massachusetts * PLACE OF DEATH: London‚ England Sylvia Plath was born in Boston‚ Massachusetts‚ on October 27‚ 1932. Plath met and married British poet Ted Hughes‚ although the two later split. The depressive Plath committed suicide in 1963‚ garnering accolades after
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The father of capitalism‚ Adam Smith‚ stated “It is not from the benevolence of the butcher‚ the brewer‚ or the baker‚ that we expect our dinner‚ but from their regard to their own interest.” Self interest is the true nature of free market capitalism however‚ we should note Stone’s usage of the word greed as a substitute of self interest. Self interest as a concept moves focus away from the corrupt‚ self indulgent nature of the world portrayed in the movie. The word “greed” carries across the concept
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(to weigh apples) * Tweezers * Fridge -Method: 1. Collect all the materials together (including; tap-water‚ apples‚ marker etc.) 2. Carefully pour 200 ml of tap-water‚ vinegar and milk into separate beakers 3. Get two granny smith apples and cut and weigh them on an electric scale so that each piece is approximately 43.00 g 4. Now peel the skin off the apple with a knife (or peeler) 5. Carefully
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Prewriting activities for Essay #2 A. Important Documents on the Rights of the Individual Magna Carta: It was the first document forced onto a King of England by a group of his subjects‚ the feudal barons‚ in an attempt to limit his powers by law and protect their rights. In 1215 the charter required King John of England to proclaim certain liberties and accept that his will was not arbitrary—for example by explicitly accepting that no "freeman" (non-serf) could be punished except through
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) ) ANHEUSER-BUSCH COMPANIES‚ INC. ) Judge Julie James ) Defendant. ) ____________________________________) FIRST SET OF INTERROGATORIES TO DEFENDANT ANHEUSER-BUSCH To: Defendant Anheuser-Busch and its attorney‚ John Smith‚ 234 Main Street‚ Chicago‚ IL 60601 PLEASE TAKE NOTICE that plaintiff Justin William King demands answers to the following interrogatories‚ under oath‚ pursuant to Rule 33 of the Federal Rules of Civil Procedure. 1. Please describe the cargo
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