#2: Money and Power: How Goldman Sachs Came to Rule the World
Money and Power: How Goldman Sachs Came to Rule the World
William D. Cohan (Author)
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EU Morning Report- Greek and Spanish woes weigh on the euro
The euro (EUR) plummeted against the dollar sliding to a four-month low at 1.2655 from 1.2748 as risk aversion dominates the markets. World equities tumbled as investors fear that Greece may leave the euro after the second election in the country in June. Poor economic data from the US and concerns about the growing instability among Spanish banks further weighed on the single currency. Credit rating agency Moody’s downgraded 16 Spanish banks while shares in Bankia, the state-rescued lender plunged on news that clients have withdrawn 1 billion in the past week. Fitch downgraded Greece’s rating from BI to CCC, the lowest possible grade for a country not in default, citing the heightened risk that the country may leave the eurozone.
The US dollar (USD) strengthened against a basket of currencies yesterday sentiment in the market was further hurt by weaker than expected economic figures from the US. Against the safe haven Japanese yen (JPY) the greenback dropped to a three-month low at 79.13 from 80.37 after the US Philadelphia Fed Manufacturing Index surprised the markets by showing a disappointing figure of -5.8 while 10 was expected. The negative reading signals an economic contraction adding further on the Federal Reserve’s concerns about the pace of the US economic recovery. Japan’s Finance Minister Jun Azumi said that the Bank of Japan is ready to intervene in order to stop the yen from rising further.
The British Pound (GBP) continues to decline against the dollar falling to 1.5732 from 1.5920 following the Bank of England inflation report released on Wednesday. The report left the possibility open for another round of quantitative easing while emphasizing on the increasing risk the UK economy faces by the eurozone deepening debt crisis.
Oil fell to 91.60 dollars a barrel from 93.86. Gold (XAU) edged higher to 1579.78 dollars an ounce from 1542.55 and against the euro it edged higher to 1239.69 euro an ounce from 1210.86. Silver (XAG) advanced to 28.30 dollars an ounce from 27.40. Stay in tune throughout the day with !
| Outlook | Pivot | Preference1 | Sentiment2 | |
| EURUSD | 1.2730 | SHORT @ 1.2730 | 65% of deals buy EUR | |
| USDJPY | 79.70 | SHORT @ 79.70 | 78% of deals buy USD | |
| GBPUSD | 1.58535 | SHORT @ 1.5835 | 70% of deals buy GBP | |
| AUDUSD | 0.9895 | SHORT @ 0.9895 | 80% of deals buy AUD | |
| GOLD | 1558.00 | LONG @ 1558.00 | 68% of deals buy GOLD | |
| OIL | 92.90 | SHORT @ 92.90 | 84% of deals buy OIL |
| Calendar | Currency | Time (GMT) | Event | Forecast |
| CAD | 12:30 | Consumer Price Index | 0.3% | |
| Equities | EUROPE | US | ASIA3 | ||||||||
| FTSE 100 | -1.24% |  |
S&P 500 | -1.51% | |
NIKKEI | 1.90% | |
|||
| DAX | -1.18% | |
DJIA | 2.31% | |
HIS | 4.17% | |
|||
| CAC | -1.20% | |
NASDAQ | 1.49% | |
CSI 300 | 2.46% | |
|||
Obama pledges tough enforcement of Wall Street reforms
WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $ 2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they "treated our financial system like a casino. ...
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HONG KONG (Reuters) - Manulife Financial Corp and Metlife are among the companies that have submitted first round bids for ING's entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia M&A insurance deal ever. ING's long awaited sale of Asian life insurance and the asset management units will help the Dutch bancassurer to partly repay the 3 billion euros ($ 3.81 billion) of state aid plus the 50 percent premium it still owes the Dutch government. The bids were submitted late on Friday and the indicative offers ranged between 6-7 billion euros ($ 7.6-$ 8. ...
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(Reuters) - Citigroup Inc and its Chief Executive Vikram Pandit on Friday won a dismissal of New York real estate developer Sheldon Solow's lawsuit accusing them of securities fraud for hiding the bank's risks during the 2008 financial crisis. U.S. District Judge Robert Sweet in Manhattan said Solow failed to show that the defendants had materially misled him about Citigroup's liquidity and capitalization, or that his stock losses were caused when the bank's risks were realized. Sweet had in November dismissed an earlier version of Solow's complaint, but gave the plaintiff a chance to replead. ...
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NEW YORK (Reuters) - Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size of the social networking firm's $ 16 billion initial public offering and it boosted the price. Thanks to massive hype surrounding Facebook's historic public offering, the wager looked safe. But a rocky first day of trading has raised questions about whether it paid off. After a delayed start to trading, Facebook's shares spent much of the day struggling to stay above the $ 38 IPO price - and ended with just a 23-cent gain. ...
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Help with job application form ?
Question by shuraim_fan_786: Help with job application form ?
Hi I need help on some good examples I could give for the following application form.
Position Profile: Finance Assistant (B1)
Job TitleFinance Assistant
Purpose of roleTo provide administrative support to the Senior Finance Officer (PO2/3) - Financial Support in delivering a high quality financial service for schools and Financial Services.
ResponsibilitiesThe post holder reports to the Senior Administrative Assistant (S4)
AccountabilityThe post holder is specifically responsible for ensuring:
•that all queries from schools are dealt with promptly and efficiently
•that accounts and recharges are issued and followed up as necessary
•that efficient clerical support is provided to senior officers
•that good working relations are maintained with other teams in Education Leeds and that relevant information is shared promptly
The range of duties are:
•Interrogation and maintenance of the financial ledger.
•Maintaining computerised systems
•Opening and distributing post
•Distribution of financial prints
•Dealing with queries from schools and suppliers
•Raising accounts and dealing with queries
•Visiting schools as necessary to assist them and advise on financial procedures
•Other duties as required
Salary ScaleB1
Competencies
The post holder will be expected to have the following competencies:
Core
•Numeracy
•Teamwork
•Customer Focus
•Effective Communications
•Flexibility
SkillsThe post holder should be able to demonstrate the following skills:
•Managing change
Respond flexibly to new ideas and changing practices
•Time management
Divides and allocates own time to ensure delivery on time and to budget
•Using information technology
Making best use of technology
•Teamwork
Able to work as part of a team
Knowledge and UnderstandingThe post holder will be expected to have the following knowledge and understanding:
•Good basic numeracy
•Able to use computerised systems
•Able to communicate effectively
Skills
The post holder should be able to demonstrate the following skills:Method of assessment
Desirable•Managing change
Respond flexibly to new ideas and changing practicesApplication & interview
Essential•Time management
Divides and allocates own time to ensure delivery on time and to budgetApplication & Interview
Essential•Using information technology
Making best use of technology Application & Interview
Essential•Teamwork
Able to work as part of a teamApplication & Interview
Knowledge & UnderstandingThe post holder will be expected to have the following knowledge and understanding:
Essential•Good basic numeracyApplication & Interview
Essential•Able to use computerised systemsApplication & Interview
Essential•Able to communicate effectivelyApplication & Interview
Sorry I know its alot of reading, but a little help here would be hot. Whats the best way to answer these points. In the actual application form is it bet to put examples for the sklls, competencies and knowledge/understanding. Also where it says accountability do I have to actually mention those or just show that I have the skills, knowledge, competencies, understanding and experience.
Thanks in advance.
10 points are waiting for the best answer.
Best answer:
Answer by fengirl2
You need to address each of the items listed under knowledge and understanding. As you have stated, you need to give an example of your competance in each of these areas, with examples. List each one in order (bullet points are fine), so its easier for the perople shortlisting. The iems above, such as accoountability relate to the job descrition and you dont need to include these.
Give your answer to this question below!
Loretta is first and foremost and expert on the financing of terror networks. She's renowned as an author and journalist both in her native Italy and around the world. She regularly writes columns in several European newspapers, and advises a number of governments on counter-terrorism. She is regarded as an international expert in the field of economics and has written a number of works of fiction to boot. « less
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Hide Your Assets and Disappear: A Step-by-Step Guide to Vanishing Without a Trace
Hide Your Assets and Disappear: A Step-by-Step Guide to Vanishing Without a Trace
A New York Times and Wall Street Journal bestseller!Are you tired of the way you're living? Are you fed up with everyone trying to take your most valuable possessions--your money and assets--away? Are you sick of having creditors, the IRS, or a vindictive ex-spouse nipping at your heels? If only you could disappear without a trace...if only you could resurface in some exotic foreign place with a whole new identity and a brand-spanking new life. And on the other side, how would you like to trac
Wall St Week Ahead: The market is oversold, but major signs say “sell”
NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further next week as concerns about the financial health of Europe persist. ...
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SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook shares began trading late Friday morning and opened 11 percent above the $ 38 offering price, but after peaking at about $ 45 slid rapidly at the end of the day to close at $ 38.23. The IPO was the third-largest in U.S. history and valued eight-year-old Facebook at $ 104 billion. ...
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NEW YORK (Reuters) - Ailing law firm Dewey & LeBoeuf is considering a bankruptcy filing as new debtholders take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation, a person familiar with the matter said on Friday. The majority of Dewey's partners have quit as a result of concerns about compensation, and $ 225 million in bank loans and bond debt. ...
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(Reuters) - JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading losses it has suffered. The move, which allowed the bank to disguise the level of risk that the CIO was taking in its trading, could become a major focal point of investigations by the U.S. Securities and Exchange Commission and the FBI, former regulators said. It also will likely become part of investor cases in lawsuits against the bank and its executives. ...