Soros Essays - George Soros, Central European University

Soros Today I would like to talk about the most famous international speculator of them all Geroge Soros and how he went about braking the bank of England in September 1992 and quasy single handed terminate the ERM. I have always been very fascinated by international financial speculation and the actual power the individual investor has. George Soros is proberbly the worlds most famous hedge fund manager in the world.George Soros was born in Budapest, Hungary in 1930. In 1947 he emigrated to England, where he graduated from the London School of Economics. While a student at the London School of Economics, In 1956 he moved to the United States, where he began to accumulate a large fortune through an international investment fund he founded and managed. Mr. Soros currently serves as Chairman of Soros Fund Management LLC, a private investment management firm which serves as principal investment advisor to the Quantum Group of Funds recognized as having the best performance record of any investment fund in the world in its thirty-year history. Soros Philosophy is that every exchange rate is Flawed and he sat out to prove his theory in 1992 when he attacked the EMS system in late 1992. Before the reunification of Germany the ERM had proven to one of the strongest Exchange rate systems ever created but because Germany had to be the anchor of both the its own reunification and the EMR it created a a latent flaw in the ERM. The flaw was that because of the massive capital injection from west to East Germany and the 1-1 exchange rate a high inflations pressure was developed in Germany leading to an increase of interest rates. At the same time Europe and especially Britain was in a mode of recession meaning that they were not ready for such an interest hike by the Germans. This made the Pound very valuable and since the German bundeds bank were more focused on its own situation in regards to the reunification the brits were left on their own. Soros was the first to see this development and after attending a meeting with the German Bundesbank President saying that he believed more in a strong mark then in the Future ECU. Emdiatly after these signals soros went ahead and tested his flaw theory and short the Italian lira. The Italians was not in a position to defend them selves and because of Germanys home problems know help came from them . This was a sign to Soros that the pound also was valnuable. Once again he sold pounds and when the British central bank in a last desperate attempt raised nterest rate 2% it was a clear indicator for Soros that the pound was untangeblr and he went ahead and sell pound even more agressivly and by the end of that day the pound had to retrieve from ERM and Soros had made one billion $ The consequences of this attact on the pound was that the Britain's central bank wasted its reserves in an unsuccessful effort to defend the currency's value (40 billion $). Furthermore the episode derailed Britain's membership in a European initiative seeking to rationalize exchange rates -- and it earned Soros this sobriquet: the man who broke the Bank of England. Soros once again entered the international financial stage, to prove his theory that all exhange rate systems has flaws when he attaced the currencies of south East Asia. In early 1997, Soros' funds were shorting Thailand's currency, the baht, and Malaysia's currency, the ringgit -- that is, betting that the value of both currencies would drop. In July, Thailand dropped its defenses, Devaluing the baht. That set off the wave of devaluations in Malaysia and elsewhere that marked the beginning of a global economic turmoil. That conclude my little presentation on Soros and the power that speculators have in the current international financial system. However before ending I would like to hear you opinion to whether you find such speculations directly attacing counties currencies amoral and incorrect or if you believe that such actions are legitimate. Speech and Communication Essays

Red Pandas Essays

Red Pandas Essays Red Pandas Paper Red Pandas Paper RED. PANDAS Hello, boys and girls my name is Kira, and today Ill tell you about one of our greatest discoveries When most people see the word panda, they think of the Big, furry, black-and-white Giant Panda. But the Lesser-known Red Panda, three times smaller, is also in Danger. Today classified as vulnerable, its status could Quickly change to endangered. The red panda is a living fossil. It has no close surviving relatives, and most resembles raccoons and skunks, not giant pandas. The red Pandas live in the eastern Himalayas and southwestern China. They primarily eat bamboo leaves and berries and Blossoms. Red Pandas mostly stay to themselves except During mating time that is during the day time. After about 134 days the red pandas give birth to one-four young. After Birth the red pandas mother cleans her cubs and recognizes Its by smell. Baby red pandas reach adult size about twelve Months. The babies are born in small holes in the trees. If The red pandas den is discovered more than once by a Human the mother eats her cubs. Their claws are partially Retractable. They have an extended bone which is like a thumb. Red pandas live up to twelve fourteen years. Over the winter they lose 15% f body weight. Like the giant pandas it has a false thumb. That is an extension of the wrist bone. The red panda is slightly larger than a domestic cat. It has reddish-brown fur, a long, shaggy tail and a waddling due to its shorter legs. The red panda is the only living species of the genus Ailurus and the Family Ailuridae. Its also in the bear families and also not closely related to the giant pandas. The red pandas have excellent camouflage against its habitat of moss- and Lichen- covered trees. The Snow leopards and wild dogs are the predators. The red pandas are most active during the ay. Also the sad part about it that they only 2500 pandas left in the world. They are primarily hunt down the red panda because they use the fur to make hats and Jackets. That led their extinction for over years. FUN FACTS white pandas. They usually like to live alone, then in groups. Also red panda use their tongues to detect smell. Therefore, thats todays lesson before you take a break kids i need to ask everyone a question. What choice will you make when you leave here today? Will you help the Red Pandas, or will you go about your normal routine? By: Kira Checkley

Health and Safety reflection Essay Example | Topics and Well Written Essays - 750 words

Health and Safety reflection - Essay Example Likewise, I also exemplify strengths in selecting the most appropriate and effective contraception. In addition, the assessment on the genetic history has been illuminating in terms of discussing any potential genetic disorders or health problems by bringing the subject matter to one’s parents, who are knowledgeable in one’s genetic history of illnesses. The knowledge and awareness gives one the opportunity to address any potential risks and to be more vigilant in factors that might increase propensities to these illnesses. These strengths in awareness and knowledge on the subject matter of health relationships, sexuality, reproductive choices, and genetic disorders, among others, could be shared with family members, friends and associates to likewise enhance their knowledge on these subject matters and assist any of them who might be experiences some challenges, problems, or difficulties in any of the abovementioned topics I= Improvements: Discuss areas for personal im provement in regards to your results of this/these assessment (s) . Summarize an action plan to make these improvements. Despite the strengths, I admit that there is always room for improvement. Under the topic on reproductive choices, for instance, there are target behaviors that include the need to be more selective and aware of eating health food and in going through regular physical activities and exercises. Although at the moment, one has been observing eating a balanced diet, there are times when one gives in to eating sweets or drinking colas, once in a while. In this regard, the action plan is to schedule a regular routine for exercising, especially when one is aware that indulgence in unhealthy foods has been undertaken. As suggested, I need to set goals, monitor my behavior, and provide a definite timeline to observe and note the improvements. By giving myself a potential reward, I would be motivated to improve. A reward could be in terms of buying a favorite outfit that I had been eyeing for quite some time or sharing my experience to others who most need the same improvement. Under healthy relationships and sexuality, I strongly believe that despite having strengths in communicating with others, this facet could still be improved by being more open and receptive to others. Likewise, with increasing focus and thrust on cultural diversity, I admit that there is a need to develop and enhance awareness on diversity in cultural communication patterns that would assist in the development and growth of health relationships. The same process would be undertaken: set a goal, monitor one’s changes in behavior, provide a definite timeline, provide motivation and rewards, and commit to the needed change. I= Insights: Discuss any new things you learned about yourself after completing these assessments? Light bulbs that have gone off? New â€Å"ah ha† moments generated by these assessment results. How might this insight motivate you to make a healt hy behavior change? After completing these assessments, I realized that I am open to embrace new learning, knowledge with the objective of improving oneself through establishing diverse relationships and keeping or maintaining strong bonds with loved ones. I learned that I