
One of the many enjoyable acronyms that became household names in 2008 was CDS – credit default swap. As most investors know by now, these instruments were created to protect bondholders from default. Of course, what we found out in 2008 was that they really just shifted the risk from one investor to the other. Sort of like tossing a hand grenade in a circle hoping you aren’t the one holding it when it goes boom. And as Wall Street imploded on itself in 2008 this game of toss the grenade became increasingly expensive to play as evidenced by the surging cost to avoid the grenade (surging cost of CDS).
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Study after study has demonstrated the income disparity between women and men. Not surprisingly, this gender discrimination carries all the way into America's boardrooms and corporate suites, where women continue to be underrepresented. To get a clearer understanding of the country's continuing glass ceiling, 24/7 Wall St. took a hard look at the gender makeup of America's 10 most valuable companies. For the top companies, based on market cap, 24/7 Wall St. reviewed proxies for board and management composition, as well as data from the investor relations sections of the companies on this list. In order to compare all of the companies on the same basis, we used SEC data as our primary source for information, although we also examined company documents and public comments made by the companies about equal opportunity, particularly as it pertains to women.
1. ExxonMobil
On its website, Exxon states "that creating economic opportunities for women is one of the wisest investments we can make." In 2005, it launched the Women's Economic Opportunity Initiative -- "a global effort that helps women fulfill their economic potential and drive economic and social change in their communities."
2. Apple
3. Microsoft
4. IBM
5. Chevron
Chevron's website provides a longer list of management than the one in its SEC filing. The site shows 18 corporate officers, three of whom are women, including the CFO, the head of policy and planning, and the corporate secretary. In April 2011, the Women's Business Enterprise National Council "recognized Chevron as a top corporation for women's business enterprises" for the 11th time. According to Chevron, "this is the only national award honoring corporations for programs that create level playing fields for women's businesses to compete for corporate contracts."
6. Google
7. Walmart
8. Berkshire-Hathaway
9. AT&T
Out of 11 senior managers that AT&T lists on its website, there is only one woman: Catherine M. Coughlin, the company's Senior Executive Vice President and Global Marketing Officer. In 2009, the Women's Business Enterprise National Council (WBENC) named AT&T "one of America's Top Corporations for Women's Business Enterprises."
10. Procter & Gamble
Still, Procter & Gamble has been recognized as a leader in gender-balanced governance: in May 2011, Women Corporate Directors awarded it the first ever WCD Visionary Award. According to the company, the award recognizes P&G "as an outstanding top performer with three or more women board members serving as a role model in both corporate leadership and best governance practices."
Source: http://www.dailyfinance.com/2011/08/22/in-corporate-america-still-a-struggle-for-female-execs/
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The Republican presidential primary is so unsettled that even former New York Governor George Pataki is now reportedly considering joining the fray.
Despite the entrance of Texas Governor Rick Perry to the race just one week ago, there is still room for a few more bodies, according to The New York Times' Nate Silver. Based on their ideologies, geographic backgrounds, and relative status as establishment or outsider members of the party, Silver notes that the current field of candidates has some demographic gaps, leaving space for undeclared candidates to step into the void.
So who may yet run, and where will they fit in if they do?
Rep. Paul Ryan (R-WI)
As another Midwestern politician, Ryan could fill the geographic space left when Minnesota Governor Tim Pawlenty dropped out of the race. His prominent role in Republican efforts to slash spending and take on entitlements could make him the "establishment-approved conservative," though he'd have to vie with Bachmann and Perry to court average conservative voters.
Gov. Chris Christie
The New Jersey Governor could walk the line in a few key ways. He has some outsider appeal for voters fed up with Washington, but he's also well-liked by establishment conservatives for being one of the first Republican governors to take on state unions. And while Christie's fiscal conservatism could ingratiate him with pro-business types, he's not so far right on social issues that he'd have to elbow with the likes of Michele Bachmann or Rick Santorum.
Should Palin enter the race, she'd fall into a crowded group of "insurgent" candidates that includes Bachmann and Herman Cain. It doesn't help that Bachmann and Cain -- and to an extent Rick Perry -- also share the same ideological turf as Palin. While the former Alaska governor could carve up some of her rivals' support in those arenas, there may not be enough of it to go around.
Rudy Giuliani
As a more moderate candidate, Giuliani would have to contend mostly with Mitt Romney and Jon Huntsman. But there's not a real push within the party for another moderate, and there is concern that even Romney, despite his status as a front-runner, may ultimately be done in by his tepid support from conservatives. Giuliani would also have less success trumpeting his national security credentials -- a central pillar of his 2008 campaign -- this time around now that that issue has receded from the spotlight.
George Pataki
Like Giuliani, Pataki falls on the more moderate side of the field, and like Giuliani, his problem is that there's not many people clamoring for another moderate. His background -- a Republican Governor from a Northeastern Democratic state -- may also overlap too much with Romney's for a possible Pataki campaign to gain much traction.
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Study after study has demonstrated the income disparity between women and men. Not surprisingly, this gender discrimination carries all the way into America's boardrooms and corporate suites, where women continue to be underrepresented. To get a clearer understanding of the country's continuing glass ceiling, 24/7 Wall St. took a hard look at the gender makeup of America's 10 most valuable companies. For the top companies, based on market cap, 24/7 Wall St. reviewed proxies for board and management composition, as well as data from the investor relations sections of the companies on this list. In order to compare all of the companies on the same basis, we used SEC data as our primary source for information, although we also examined company documents and public comments made by the companies about equal opportunity, particularly as it pertains to women.
1. ExxonMobil
On its website, Exxon states "that creating economic opportunities for women is one of the wisest investments we can make." In 2005, it launched the Women's Economic Opportunity Initiative -- "a global effort that helps women fulfill their economic potential and drive economic and social change in their communities."
2. Apple
3. Microsoft
4. IBM
5. Chevron
Chevron's website provides a longer list of management than the one in its SEC filing. The site shows 18 corporate officers, three of whom are women, including the CFO, the head of policy and planning, and the corporate secretary. In April 2011, the Women's Business Enterprise National Council "recognized Chevron as a top corporation for women's business enterprises" for the 11th time. According to Chevron, "this is the only national award honoring corporations for programs that create level playing fields for women's businesses to compete for corporate contracts."
6. Google
7. Walmart
8. Berkshire-Hathaway
9. AT&T
Out of 11 senior managers that AT&T lists on its website, there is only one woman: Catherine M. Coughlin, the company's Senior Executive Vice President and Global Marketing Officer. In 2009, the Women's Business Enterprise National Council (WBENC) named AT&T "one of America's Top Corporations for Women's Business Enterprises."
10. Procter & Gamble
Still, Procter & Gamble has been recognized as a leader in gender-balanced governance: in May 2011, Women Corporate Directors awarded it the first ever WCD Visionary Award. According to the company, the award recognizes P&G "as an outstanding top performer with three or more women board members serving as a role model in both corporate leadership and best governance practices."
Source: http://www.dailyfinance.com/2011/08/22/in-corporate-america-still-a-struggle-for-female-execs/
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The Republican presidential primary is so unsettled that even former New York Governor George Pataki is now reportedly considering joining the fray.
Despite the entrance of Texas Governor Rick Perry to the race just one week ago, there is still room for a few more bodies, according to The New York Times' Nate Silver. Based on their ideologies, geographic backgrounds, and relative status as establishment or outsider members of the party, Silver notes that the current field of candidates has some demographic gaps, leaving space for undeclared candidates to step into the void.
So who may yet run, and where will they fit in if they do?
Rep. Paul Ryan (R-WI)
As another Midwestern politician, Ryan could fill the geographic space left when Minnesota Governor Tim Pawlenty dropped out of the race. His prominent role in Republican efforts to slash spending and take on entitlements could make him the "establishment-approved conservative," though he'd have to vie with Bachmann and Perry to court average conservative voters.
Gov. Chris Christie
The New Jersey Governor could walk the line in a few key ways. He has some outsider appeal for voters fed up with Washington, but he's also well-liked by establishment conservatives for being one of the first Republican governors to take on state unions. And while Christie's fiscal conservatism could ingratiate him with pro-business types, he's not so far right on social issues that he'd have to elbow with the likes of Michele Bachmann or Rick Santorum.
Should Palin enter the race, she'd fall into a crowded group of "insurgent" candidates that includes Bachmann and Herman Cain. It doesn't help that Bachmann and Cain -- and to an extent Rick Perry -- also share the same ideological turf as Palin. While the former Alaska governor could carve up some of her rivals' support in those arenas, there may not be enough of it to go around.
Rudy Giuliani
As a more moderate candidate, Giuliani would have to contend mostly with Mitt Romney and Jon Huntsman. But there's not a real push within the party for another moderate, and there is concern that even Romney, despite his status as a front-runner, may ultimately be done in by his tepid support from conservatives. Giuliani would also have less success trumpeting his national security credentials -- a central pillar of his 2008 campaign -- this time around now that that issue has receded from the spotlight.
George Pataki
Like Giuliani, Pataki falls on the more moderate side of the field, and like Giuliani, his problem is that there's not many people clamoring for another moderate. His background -- a Republican Governor from a Northeastern Democratic state -- may also overlap too much with Romney's for a possible Pataki campaign to gain much traction.
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What was meant as a run-of-the-mill piece of Chinese propaganda broadcast last month, in fact shows a Chinese military university engaged in a cyberwarfare campaign against the U.S.
According to The Epoch Times, there's a six second screenshot in the documentary that shows Chinese software springing an attack against the Falun Gong spiritual group using a hacked IP address from the University of Alabama Birmingham.
designed by the Electrical Engineering University University of China's People's Liberation Army, the software appears to be direct evidence the PLA is engaged against cyber attacks against national dissidents.
The software window says "Choose Attack Target." The computer operator selects an IP address from a list—it happens to be 138.26.72.17—and then selects a target. Encoded in the software are the words "Falun Gong website list," showing that attacking Falun Gong websites was built into the software.
"The CCP has leaked its top secret here," says Jason Ma, a commentator for New Tang Dynasty Television. "This is the first time we see clearly that one of the top Chinese military universities is doing this research and developing software for cyber-attacks. There's solid proof of it in this video," he said.
The Chinese Communist Party has long denied cyberwarfare attacks against foreign nations despite mounting evidence to the contrary.
Check out the full story at The Epoch Times.
Read more posts like this here >
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What was meant as a run-of-the-mill piece of Chinese propaganda broadcast last month, in fact shows a Chinese military university engaged in a cyberwarfare campaign against the U.S.
According to The Epoch Times, there's a six second screenshot in the documentary that shows Chinese software springing an attack against the Falun Gong spiritual group using a hacked IP address from the University of Alabama Birmingham.
designed by the Electrical Engineering University University of China's People's Liberation Army, the software appears to be direct evidence the PLA is engaged against cyber attacks against national dissidents.
The software window says "Choose Attack Target." The computer operator selects an IP address from a list—it happens to be 138.26.72.17—and then selects a target. Encoded in the software are the words "Falun Gong website list," showing that attacking Falun Gong websites was built into the software.
"The CCP has leaked its top secret here," says Jason Ma, a commentator for New Tang Dynasty Television. "This is the first time we see clearly that one of the top Chinese military universities is doing this research and developing software for cyber-attacks. There's solid proof of it in this video," he said.
The Chinese Communist Party has long denied cyberwarfare attacks against foreign nations despite mounting evidence to the contrary.
Check out the full story at The Epoch Times.
Read more posts like this here >
Please follow Business Insider on Twitter and Facebook.
Join the conversation about this story »
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