The Australian Securities & Investments Commission is an independent Australian government body that acts as Australia's corporate regulator. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope is determined pursuant to the Australian Securities and Investments Commission Act, 2001. ASIC is responsible for the administration of all or parts of the following legislation: This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 1782 Audiopedia
Sanford I. "Sandy" Weill (born March 16, 1933) is an American banker, financier and philanthropist. He is a former chief executive and chairman of Citigroup. He served in those positions from 1998 until October 1, 2003, and April 18, 2006, respectively. About the book: https://www.amazon.com/gp/product/0743247264/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0743247264&linkCode=as2&tag=tra0c7-20&linkId=9a4623139d172f3b97151775dc62c2e0 Weill, shortly after graduating from Cornell University, got his first job on Wall Street in 1955 -- as a runner for Bear Stearns. In 1956, Weill became a licensed broker at Bear Stearns. Rather than making phone calls or personal visits to solicit clients, Weill found he was far more comfortable sitting at his desk, poring through companies' financial statements and disclosures made to the U.S. Securities and Exchange Commission. For weeks his only client was his mother, Etta, until Joan persuaded an ex-boyfriend to open a brokerage account. While working at Bear Stearns, Weill was a neighbor of Arthur L. Carter who was working at Lehman Brothers. Together with Roger Berlind and Peter Potoma they would form Carter, Berlind, Potoma & Weill in May 1960. In 1962 the firm became Carter, Berlind & Weill after the New York Stock Exchange brought disciplinary proceedings against Potoma. In 1968, with the departure of Arthur Carter, the firm was renamed Cogan, Berlind, Weill & Levitt (Marshall Cogan, Arthur Levitt), or CBWL jokingly referred to on Wall Street as "Corned Beef With Lettuce". Weill served as the firm's Chairman from 1965 to 1984, a period in which it completed over 15 acquisitions to become the country's second largest securities brokerage firm. The company became CBWL-Hayden, Stone, Inc. in 1970; Hayden Stone, Inc. in 1972; Shearson Hayden Stone in 1974, when it merged with Shearson Hammill & Co.; and Shearson Loeb Rhoades in 1979, when it merged with Loeb, Rhoades, Hornblower & Co. With capital totaling $250 million, Shearson Loeb Rhoades trailed only Merrill Lynch as the securities brokerage industry's largest firm. In 1981, Weill sold Shearson Loeb Rhoades to American Express for about $930 million in stock. (Sources differ on the precise figure.) In 1982, he founded the National Academy Foundation with the Academy of Finance to educate students that would graduate from High School. Weill began serving as president of American Express Co. in 1983 and as chairman and CEO of American Express's insurance subsidiary, Fireman's Fund Insurance Company, in 1984. Weill was succeeded by his protégé, Peter A. Cohen, who became the youngest head of a Wall Street firm. While at American Express, Weill began grooming his newest protégé, Jamie Dimon, the future CEO of JPMorgan Chase. Increasing tensions between Weill and the chairman of American Express, James D. Robinson III, led Weill to resign in August 1985 at age 52. After a failed attempt to become the CEO of BankAmerica Corp. (and "take over" Merrill Lynch, according to a Jamie Dimon interview in 2002), he set his sights a little lower and persuaded Minneapolis-based Control Data Corporation to spin off a troubled subsidiary, Commercial Credit, a consumer finance company. In 1986, with $7 million of his own money invested in the company, Weill took over as CEO of Commercial Credit. After a round of deep layoffs and reorganization, the company completed a successful IPO. In 1987, he acquired Gulf Insurance. The next year, he paid $1.5 billion for Primerica, the parent company of Smith Barney and the A. L. Williams insurance company. In 1989 he acquired Drexel Burnham Lambert's retail brokerage outlets. In 1992, he paid $722 million to buy a 27 percent share of Travelers Insurance, which had gotten into trouble because of bad real estate investments. In 1993 he reacquired his old Shearson brokerage (now Shearson Lehman) from American Express for $1.2 billion. By the end of the year, he had completely taken over Travelers Corp in a $4 billion stock deal and officially began calling his corporation Travelers Group Inc. In 1996 he added to his holdings, at a cost of $4 billion, the property and casualty operations of Aetna Life & Casualty. In September 1997 Weill acquired Salomon Inc., the parent company of Salomon Brothers Inc. for over $9 billion in stock. In April 1998, Travelers Group announced an agreement to undertake the $76 billion merger between Travelers and Citicorp, and the merger was completed on October 8, 1998. The possibility remained that the merger would run into problems connected with federal law. Ever since the Glass--Steagall Act, banking and insurance businesses had been kept separate. Weill and John S. Reed bet that Congress would soon pass legislation overturning those regulations, which Weill, Reed and a number of businesspeople considered not in their interest. http://en.wikipedia.org/wiki/Sandy_Weill
Views: 4470 The Film Archives
On behalf of the Parliamentary Joint Committee on Corporations and Financial Services, I present the committee's report No. 1 of the 44th Parliament entitled Statutory oversight of the Australian Securities and Investments Commission, the Takeovers Panel and the corporations legislation. This report has been prepared in accordance with the committee's duties as set out in section 243 of the Australian Securities and Investments Commission Act 2001. The report discusses the committee's inquiries into: the activities of the Takeovers Panel and ASIC; the operation of the corporations legislation; and ASIC's 2012-13 annual report. The committee examined a range of the proposals for reform of the Takeovers Panel. Based on the evidence before it, the committee considers that the Takeovers Panel is working effectively. The committee considers that while a number of the proposals for reform may have merit, the committee is not making any recommendations for changes at this time. The committee's examination of ASIC has been undertaken in the context of avoiding unnecessary duplication of the Financial System Inquiry and the Senate Economics References Committee inquiry into the performance of ASIC which have coincided with this oversight period. The committee will carefully examine ASIC's implementation of the government responses to both of those inquiries and will continue its detailed scrutiny of ASIC's performance in the next oversight report. The committee considered the penalty regime available to ASIC. The committee encourages the government to follow the recommendations of the Financial System Inquiry and the Senate Economics References Committee and hold an inquiry prior to determining a new penalty regime for ASIC. The committee has recommended that the review of penalties include a broadly based consultation process.
Views: 82 Michael Sukkar
Misleading or deceptive conduct - a warning in difficult times In the course of what remains one of the most turbulent economic periods experienced, providers of financial services must remain vigilant when discussing, dissecting and analysing available market information and providing financial advice to clients. The recent decision of Australian Securities and Investments Commission v Camelot Derivatives Pty Limited (In Liquidation)  FCA 414 highlights the potential for allegations of misleading or deceptive conduct to be raised against financial service providers. Justice Foster's judgment focused upon the key provisions that govern misleading or deceptive conduct in financial services, namely those contained within the Corporations Act 2001 (Cth) and the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act). Underwriters should bear these matters in mind when considering policy coverage issues or assessing the adequacy of the risk management strategies implemented by an insured Source: http://cgw.com.au/category/services/commercial/commercial-finance images: http://www.foliofinance.com.au
Views: 60 Andy Williams
Following the market turbulence of the 1990s financial crises and September 11 attacks on the U.S. in 2001, financial integration intensified among the developed nations and emerging markets, with substantial growth in capital flows among banks and in the trading of financial derivatives and structured finance products. Worldwide international capital flows grew from $3 trillion to $11 trillion U.S. dollars from 2002 to 2007, primarily in the form of short-term money market instruments with maturities of less than one year. The United States experienced growth in the size and complexity of financial institutions engaged in a broad range of financial services across borders in the wake of the Gramm--Leach--Bliley Act of 1999 which repealed the Glass--Stegall Act of 1933, ending limitations on commercial banks' investment banking activity. Industrialized nations increasingly began relying on foreign capital to finance domestic investment opportunities, resulting in unprecedented capital flows to advanced economies from developing countries, as reflected by global imbalances which grew to 6% of gross world product in 2007 from 3% in 2001.:129-130:19 The global financial crisis that precipitated in 2007 and 2008 shared some of the key features exhibited by the wave of international financial crises in the 1990s, including accelerated capital influxes, weak regulatory frameworks, relaxed monetary policies, herd behavior during investment bubbles, collapsing asset prices, and massive deleveraging. The systemic problems originated from within the United States and other advanced nations.:133-134 Similarly to the 1997 Asian crisis, the global financial crisis entailed broad lending by banks undertaking unproductive real estate investments as well as poor standards of corporate governance within financial intermediaries. Particularly in the United States, the crisis was characterized by growing securitization of non-performing assets, large fiscal deficits, and excessive financing in the housing sector.:21-22:18-20 While the real estate bubble in the U.S. triggered the financial crisis, the bubble was financed by foreign capital flowing from many different countries across the world. As its contageous effects began to infect other nations, the crisis became a precursor for the global economic downturn now referred to as the Great Recession. In the wake of the crisis, the total volume of world trade in goods and services fell 10% from 2008 to 2009 and did not recover until 2011, with an increased concentration in emerging market countries. The global financial crisis demonstrated the negative effects of worldwide financial integration, sparking discourse on how and whether some countries should decouple themselves from the global financial system altogether. In 2009, a newly elected government in Greece revealed that the previous government had been falsifying its national budget data, and that its fiscal deficit for the year was 12.7% of its GDP as opposed to the 3.7% espoused by the former government. This news alerted financial markets to the fact that Greece's deficit exceeded the eurozone's maximum of 3% as outlined in the Economic and Monetary Union's Stability and Growth Pact (SGP). Investors concerned by the possibility of a sovereign default began rapidly selling Greek bonds. Given Greece's prior decision to embrace the euro as its currency, it no longer held monetary policy autonomy and could not intervene to depreciate a national currency for the purposes of absorbing this shock and boosting competitiveness, as was the traditional solution to sudden capital flights. The crisis proved contagious when it spread to Portugal, Italy, and Spain (together with Greece these are collectively referred to as the PIGS. Ratings agencies downgraded these countries' government debt instruments in 2010 which further increased the costliness of refinancing or repaying their national debts. The contagion continued to spread and soon grew into a European sovereign debt crisis which threatened economic recovery in the wake of the Great Recession. In tandem with the IMF, the European Union members assembled a €750 billion bailout for Greece and other afflicted nations. Additionally, the ECB pledged to purchase bonds from troubled eurozone nations in an effort to mitigate the risk of a banking system panic. http://en.wikipedia.org/wiki/Global_financial_system
Views: 543 The Film Archives
As of 2004 the financial services industry (finance industry) represented 20% of the market capitalization of the S&P 500 in the United States. The U.S. finance industry comprised only 10% of total non-farm business profits in 1947, but it grew to 50% by 2010. Over the same period, finance industry income as a proportion of GDP rose from 2.5% to 7.5%, and the finance industry's proportion of all corporate income rose from 10% to 20%. The mean earnings per employee hour in finance relative to all other sectors has closely mirrored the share of total U.S. income earned by the top 1% income earners since 1930. The mean salary in New York City's finance industry rose from $80,000 in 1981 to $360,000 in 2011, while average New York City salaries rose from $40,000 to $70,000. In 1988, there were about 12,500 U.S. banks with less than $300 million in deposits, and about 900 with more deposits, but by 2012, there were only 4,200 banks with less than $300 million in deposits in the U.S., and over 1,801 with more. The financial services industry constitutes the largest group of companies in the world in terms of earnings and equity market capitalization. However it is not the largest category in terms of revenue or number of employees. It is also a slow growing and extremely fragmented industry, with the largest company (Citigroup), only having a 3% US market share. In contrast, the largest home improvement store in the US, Home Depot, has a 30% market share, and the largest coffee house Starbucks has a market share of 32%. Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds and some government-sponsored enterprises. The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank which simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g., in Japan), non-financial services companies are permitted within the holding company. In this scenario, each company still looks independent, and has its own customers, etc. In the other style, a bank would simply create its own brokerage division or insurance division and attempt to sell those products to its own existing customers, with incentives for combining all things with one company. https://en.wikipedia.org/wiki/Financial_services
Views: 95 Way Back
Tony Abbott Joint Press Release - The Coalition's Policy Discussion Paper on Foreign Investment in Australian Agricultural Land and Agribusiness 03/08/12 The Coalition unambiguously welcomes and supports foreign investment. Foreign investment has been and will continue to be instrumental to the economic development and growth of Australia. We support a foreign investment regime that strengthens our economy, promotes growth, and fosters confidence that foreign investment is in our national interest. The release of the Coalition's Policy Discussion Paper on Foreign Investment in Australian Agricultural Land and Agribusiness recognises there is scope to improve Australia's foreign investment regime when it comes to investment in agricultural land and agricultural business. Many nations including China, India, Brazil, the United States and New Zealand have foreign investment regimes that provide more regulatory oversight and greater transparency than ours in terms of land holdings. We believe proper oversight can provide greater certainty to investors and ensure there is greater confidence in the Australian community that the investment taking place in agriculture and agribusiness is in our national interest. The Coalition supports the Foreign Investment Review Board (the FIRB) and the Free Trade Agreements to which Australia is a signatory. The Policy Discussion Paper affirms this support. The Coalition recognises that the thresholds and guidelines regarding foreign investment in the general business sector are not necessarily the right settings for the agricultural sector. In its Policy Discussion Paper, the Coalition is seeking community and industry comment on the following proposals: - Developing and implementing a national register of foreign ownership of real property in cooperation with state land titles offices and, through the Australian Securities and Investments Commission, a national register of foreign ownership of businesses valued above an appropriate threshold; - FIRB consideration of any proposed foreign acquisition of agricultural land valued at $15 million or more (cumulative); - FIRB consideration of any proposed foreign acquisition of an agribusiness where the investment exceeds $53 million or represents a stake of 15 per cent or more in an agribusiness which is valued at $244 million (whichever is smaller); - Retention of the uncodified national interest test; - Requiring any foreign applicant subject to the national interest test to disclose any direct or indirect ownership or direct source of influence by a foreign government; and - Increasing the FIRB to seven members, including at least one individual with agricultural sector expertise. As foreign investment is vital to Australia's ongoing economic prosperity, we are committed to ensuring that the Coalition's foreign investment policy is thorough, practical, achievable and likely to further promote foreign investment that is not contrary to the national interest. The community and industry are invited to participate in the Policy Discussion Paper process and written submissions can be submitted until 31 October 2012. for more go to www.nsw.liberal.org.au
Views: 184 Liberal Party NSW
Entities currently preparing special purpose financial statements (SPFS) should take note that these are likely to be phased out in the next few years, particularly if lodged with the Australian Securities and Investments Commission (ASIC) under Part 2M.3 of the Corporations Act 2001 or Part 3-2 of the Australian Charities and Not-for-profits Commission Act 2012. Read full article: https://www.bdo.com.au/en-au/accounting-news/accounting-news-april-2018/special-purpose-financial-statements
Views: 133 BDO Australia
https://goo.gl/6U6t22 - Subscribe For more Videos ! For more Health Tips | Like | Comment | Share : ▷ CONNECT with us!! #HealthDiaries ► YOUTUBE - https://goo.gl/6U6t22 ► Facebook - https://goo.gl/uTP7zG ► Twitter - https://twitter.com/JuliyaLucy ► G+ Community - https://goo.gl/AfUDpR ► Google + - https://goo.gl/3rcniv ► Visit us - http://healthaware.in/ ► Blogger - https://juliyalucy.blogspot.in/ Watch for more Health Videos: ► How To Avoid Unwanted Pregnancy Naturally: https://goo.gl/hRy93e ► Period Hacks || How To Stop Your Periods Early: https://goo.gl/dSmFgi ► Cold and Flu Home Remedies: https://goo.gl/biPp8b ► Homemade Facial Packs: https://goo.gl/NwV5zj ► How To Lose Belly Fat In 7 Days: https://goo.gl/EHN879 ► Powerfull Foods for Control #Diabetes: https://goo.gl/9SdaLY ► Natural Hand Care Tips At Home That Work: https://goo.gl/YF3Exa ► How to Tighten #SaggingBreast: https://goo.gl/ENnb6b ► Natural Face Pack For Instant Glowing Skin: https://goo.gl/gvd5mM ► Get Rid of Stretch Marks Fast & Permanently: https://goo.gl/ZVYvQZ ► Eating Bananas with Black Spots: https://goo.gl/gXuri6 ► Drink this Juice every day to Cure #Thyroid in 3 Days: https://goo.gl/L3537H ► How Garlic Improves Sexual Stamina? https://goo.gl/GNcbYU ► Benefits of using Egg Shells: https://goo.gl/hAUyUS ► Home Remedies to Gain Weight Fast: https://goo.gl/jBVVQh ► Amazing Benefits of Olive Oil for Health: https://goo.gl/R3583v ► Rapid Relief of Chest Pain (Angina): https://goo.gl/idAFZR ► Home Remedies for Joint & Arthritis Pains Relief: https://goo.gl/jRbNkh ► SHOCKING TRICKs For #Diabetes Control: https://goo.gl/ATDDsV ► Doctors Are Shocked! #Diabetics: https://goo.gl/ZeQddJ ► Home Remedies for Gastric Troubles: https://goo.gl/72VR1b ► Juice for #Diabetics Type 2: https://goo.gl/3vDMqR --------- However if you use incorporator (the supplier of this information) the total cost will starting a company ($665), creating, forming or registering in australia how to start up company, create form register setting registration jul 3, 2017 set steps and costs for sole trader. Our australian corporate headquarters is located in port melbourne, victoria and we have a manufacturing plant altona. Public companies are required to lodge their annual accounts sep 26, 2017 a company is its own legal entity and lets you conduct business throughout australia. There are a number of important considerations for investors when deciding on how to enter the australian market or establishing business in australia. The name of your company can be its australian number (acn), the unique automatically given to a by asic when it's registered. Company registration register a company in australia abn optional. Australian corporate law wikipedia australian wikipedia en. In australia, a proprietary company is defined under section 45a(1) of the corporations act 2001 (cth) oct 29, 2017 limited, or ltd this public which may not be listed on australian stock exchange. Australian business number (abn). Australian corporate law wikipediaproprietary company wikipedia. All partners likewise, registration of an australian company is also australia wide 'thing' and commonly costs around $650 to $750 through a 'shelf provider' or 'company formation agent' $1200 $1500 accountant. Corporations masquerading as government in australia & world wideaustralian taxation office. Investors will generally need to choose between establishing a new company, registering as foreign company or acquiring an nzauconnectsimultaneously search both the zealand companies office (nzco) and australian securities investment commission (asic) business names registers. Your asic proprietary limited acn registration and 14 company set up documents essential for legal compliance good governance setting a business in australia. December 2015) australian corporations law has historically borrowed heavily from uk company. We are a wholly owned subsidiary of japan's toyota motor corporation. Generally, both companies and sole traders will need an abn sep 19, 2017 when you register as a company can choose to name, although name is not compulsory. Setting up a business in australia austradeaustralia. Establishing a business in australia toyota motor corporation. Wikipedia wiki australian_corporate_law url? Q webcache. Registering a company is different to registering business name. Its legal structure now consists of a single, national statute, the corporations act 2001. You can also make use of other privileges, such as corporate tax rates or limited liability. You can also from 1 july 2011, a notional business name registration system, administered by the. Australian securities and investments commission nov 6, 2012 why is a company called 'commonwealth of australia' registered in washington dc? Could 'austral
Views: 30 Fredda Winkleman
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Proprietary_company 00:01:37 1 Proprietary limited or unlimited company 00:04:07 2 Company names 00:04:31 2.1 Other countries 00:05:02 3 Company number 00:05:26 4 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.75836871303567 Voice name: en-AU-Wavenet-B "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= A proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited. However, unlike a public company there are, depending on jurisdiction, restrictions on what it can and cannot do. In Australia, a proprietary company is defined under section 45A(1) of the Corporations Act 2001 (Cth).The Act puts certain restrictions on proprietary companies such as not permitting them to have more than 50 members (shareholders). Another important restriction relates to fundraising. A proprietary company must not engage in fundraising that would require a disclosure document such as a prospectus, an offer information statement, or a profile statement to be issued (sec.113(3)). The Act states in which circumstances a company must issue a prospectus when attempting to raise funds. This means that a proprietary company must not offer its shares to the public. Section 45A of the Act also distinguishes proprietary companies as either "large proprietary" or "small proprietary". The differences here relate to issues such as operating revenue, consolidated gross assets, and the number of employed persons. Large proprietary companies are required to appoint an auditor and lodge appropriate financial statements with the Australian Securities and Investments Commission (ASIC).
Views: 2 wikipedia tts
This unit consists of a study of the legal principles applicable to companies and other main forms of business associations in Australia. The principal focus of the unit is, however, on the analysis of relevant provisions of the Corporations Act 2001 (Cth) and the study of relevant case law in order to give students a sound understanding of the fundamental principles of corporate law. Topics include analysis of partnership law, agency law, corporate personality, company incorporation and its consequences, the company's constitution, the financing of companies, corporate governance rules for management of companies, duties and liabilities of directors and officers, shareholders' meetings, the principle of the majority rule and the minority protection, members' rights and remedies, financial reporting and audit requirements, takeovers and regulation of securities and financial services, companies in distress and the winding up of companies.
Views: 199 UNE School of Law
ASIC Commissioner John Price talks about some of ASIC's work around insolvency and illegal phoenix activity
Views: 2904 ASICmedia
The New York Stock Exchange (sometimes referred to as "the Big Board") provides a means for buyers and sellers to trade shares of stock in companies registered for public trading. The NYSE is open for trading Monday through Friday from 9:30 am -- 4:00 pm ET, with the exception of holidays declared by the Exchange in advance. The NYSE trades in a continuous auction format, where traders can execute stock transactions on behalf of investors. They will gather around the appropriate post where a specialist broker, who is employed by an NYSE member firm (that is, he/she is not an employee of the New York Stock Exchange), acts as an auctioneer in an open outcry auction market environment to bring buyers and sellers together and to manage the actual auction. They do on occasion (approximately 10% of the time) facilitate the trades by committing their own capital and as a matter of course disseminate information to the crowd that helps to bring buyers and sellers together. The auction process moved toward automation in 1995 through the use of wireless hand held computers (HHC). The system enabled traders to receive and execute orders electronically via wireless transmission. On September 25, 1995, NYSE member Michael Einersen, who designed and developed this system, executed 1000 shares of IBM through this HHC ending a 203 year process of paper transactions and ushering in an era of automated trading. As of January 24, 2007, all NYSE stocks can be traded via its electronic hybrid market (except for a small group of very high-priced stocks). Customers can now send orders for immediate electronic execution, or route orders to the floor for trade in the auction market. In the first three months of 2007, in excess of 82% of all order volume was delivered to the floor electronically. NYSE works with US regulators like the SEC and CFTC to coordinate risk management measures in the electronic trading environment through the implementation of mechanisms like circuit breakers and liquidity replenishment points. Until 2005, the right to directly trade shares on the exchange was conferred upon owners of the 1366 "seats". The term comes from the fact that up until the 1870s NYSE members sat in chairs to trade. In 1868, the number of seats was fixed at 533, and this number was increased several times over the years. In 1953, the number of seats was set at 1,366. These seats were a sought-after commodity as they conferred the ability to directly trade stock on the NYSE, and seat holders were commonly referred to as members of the NYSE. The Barnes family is the only known lineage to have five generations of NYSE members: Winthrop H. Barnes (admitted 1894), Richard W.P. Barnes (admitted 1926), Richard S. Barnes (admitted 1951), Robert H. Barnes (admitted 1972), Derek J. Barnes (admitted 2003). Seat prices varied widely over the years, generally falling during recessions and rising during economic expansions. The most expensive inflation-adjusted seat was sold in 1929 for $625,000, which, today, would be over six million dollars. In recent times, seats have sold for as high as $4 million in the late 1990s and as low as $1 million in 2001. In 2005, seat prices shot up to $3.25 million as the exchange entered into an agreement to merge with Archipelago and become a for-profit, publicly traded company. Seat owners received $500,000 in cash per seat and 77,000 shares of the newly formed corporation. The NYSE now sells one-year licenses to trade directly on the exchange. Licences for floor trading are available for $40,000 and a licence for bond trading is available for as little as $1,000 as of 2010. Neither are resell-able, but may be transferable in during the change of ownership of a cooperation holding a trading licence. On February 15, 2011 NYSE and Deutsche Börse announced their merger to form a new company, as yet unnamed, wherein Deutsche Börse shareholders will have 60% ownership of the new entity, and NYSE Euronext shareholders will have 40%. On February 1, 2012, the European Commission blocked the merger of NYSE with Deutsche Börse, after commissioner Joaquin Almunia stated that the merger "would have led to a near-monopoly in European financial derivatives worldwide". Instead, Deutsche Börse and NYSE will have to sell either their Eurex derivatives or LIFFE shares in order to not create a monopoly. On February 2, 2012, NYSE Euronext and Deutsche Börse agreed to scrap the merger. In April 2011, IntercontinentalExchange (ICE), an American futures exchange, and NASDAQ OMX Group had together made an unsolicited proposal to buy NYSE Euronext for approximately US$11 billion, a deal in which NASDAQ would have taken control of the stock exchanges. NYSE Euronext rejected this offer two times, but it was finally terminated after the United States Department of Justice indicated their intention to block the deal due to antitrust concerns. http://en.wikipedia.org/wiki/New_York_Stock_Exchange
Views: 606317 The Film Archives
More information on http://irvinglaw.com.au/ Video transcript: Starting up a company in Australia Hi, i’m James Irving from Irving law. Thank you for joining me. A lot of my clients ask me for help to start their own businesses. For a lot of them, forming a company is the best way forward. In this video i’m going to explain how to start a new company in Australia. The starting point for this discussion is that you have already thought carefully about what is the best business structure for you, and have decided that having a company is right. You need to choose the right business structure for your business. If you haven’t worked out which business structure is right for you yet, please also see our introductory video on business structures in Australia. While your business is unique, the proprietary limited company is a simple structure that is an excellent basis for most types of businesses. There are different types of companies. For the average for-profit business that has less than 50 owners, a proprietary limited company is usually the correct choice. Company law is a complex subject. In this short video, i will cover only the basics of what a company is and how it is formed. Before you start your own company and use it to operate your business, you should get advice from an accountant and a lawyer. This is the basic structure of a proprietary limited company. The shareholders, who are called “members”, are the owners. They meet together in “general meetings”. The members elect the directors, who manage the company in between members’ meetings. The rules for how all of this works, what powers the directors have, and so forth, are provided either by the corporations act, or, if the company has a constitution, by the constitution. Companies are legal entities equivalent (in many ways) to human beings. A company can own property, sue people and be sued. A company survives the death of its shareholders. They are created under a law, the corporations act, and are regulated by a government agency called ASIC: which stands for the “Australian securities and investments commission”. To start up a new company in Australia, the promoters must apply to asic to register the company. The first step is usually to select a name for the company that is not likely to be confused with an existing company, registered business name, or trade mark. In the registration application form, called a form 201, the promoters supply asic with a number of key pieces of information. This includes details of who will own the new company, in other words, who will be the members, how many shares they will own, and what kind of shares they will own. It is possible to have a company with only one shareholder. Shares can be of different classes. The basic type is called an ordinary share. Other types could be created to give the holders special rights. For example, investor class shares, for investors. In the form 201, the company promoters also have to explain who will manage the company, in other words, who the directors will be. The company secretary is a director who has special responsibilities. It is possible to have a company with only one director. The form also explains where the company will have its registered office. Once the company is registered, the act requires a sign to be placed in a prominent place at the office identifying it as the company’s registered office. Each person who becomes a member or a director of a company has to consent in writing. If the company’s office will be at a location occupied by another person or entity, the occupier of that place must also consent in writing... For full information, please refer to our website or speak to James directly. Irving Law - Perth lawyer Address: 439/441 Albany Highway, Victoria Park WA 6100 Phone: 0449 865 807 Email: [email protected]
Views: 1492 Irving Law
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Australian_corporate_law 00:00:52 1 History 00:04:53 2 Company formation 00:08:36 3 Share capital 00:11:36 4 Corporate governance 00:13:27 4.1 Company constitution 00:14:40 4.2 Officeholders 00:17:53 4.3 Directors' duties 00:22:17 4.4 Takeovers 00:22:49 5 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.8039821056339218 Voice name: en-US-Wavenet-F "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= Australian corporations law has historically borrowed heavily from UK company law. Its legal structure now consists of a single, national statute, the Corporations Act 2001. The statute is administered by a single national regulatory authority, the Australian Securities and Investments Commission ("ASIC").Since provisions in the Act can frequently be traced back to some pioneer legislation in the United Kingdom, reference is frequently made to judgments of courts there. Though other forms are permitted, the main corporate forms in Australia are public and private (in Australia termed proprietary) companies, both of which predominantly have limited liability.
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Commonwealth Bank admits breaching obligations under Corporations Act By business reporter Liz Hobday Australia's biggest bank has conceded to the banking royal commission it breached its obligations under the Corporations Act in selling some of its credit insurance products.The Commonwealth Bank ditched its CreditCard Plus (CCP) and Personal Loan Protection (PLP) products just weeks before the commission's first round of hearings last month.The bank had sold CCP to at least 65,000 unemployed customers — who would have been ineligible to claim on their policies in the event they suffered a disability or lost their jobs as they were unemployed when they were sold the policy in the first place.The Commonwealth Bank said it was refunding those customers $10 million.It said it has also set aside a further $16 million to refund an estimated 140,000 customers who bought its PLP and Home Loan Protection products.The commission heard the bank knew as early as 2015 its credit insurance products were being sold to unemployed customers.But the bank did not formally notify regulator the Australian Securities and Investments Commission (ASIC) until two years later, and only then after ASIC was alerted to the problem by a customer.In its latest written statement to the commission, the bank now said it accepts, in failing to roll out sales scripts that specifically highlighted the policies' employment exclusions, it breached its obligation under the Corporations Act "to do all things necessary to ensure that it provided the CCP and LPP products efficiently, honestly and fairly".
Views: 11 Tran Nam
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Proprietary_company 00:02:02 1 Proprietary limited or unlimited company 00:05:07 2 Company names 00:05:34 2.1 Other countries 00:06:11 3 Company number 00:06:39 4 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.7214602197068879 Voice name: en-GB-Wavenet-D "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= A proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited. However, unlike a public company there are, depending on jurisdiction, restrictions on what it can and cannot do. In Australia, a proprietary company is defined under section 45A(1) of the Corporations Act 2001 (Cth).The Act puts certain restrictions on proprietary companies such as not permitting them to have more than 50 members (shareholders). Another important restriction relates to fundraising. A proprietary company must not engage in fundraising that would require a disclosure document such as a prospectus, an offer information statement, or a profile statement to be issued (sec.113(3)). The Act states in which circumstances a company must issue a prospectus when attempting to raise funds. This means that a proprietary company must not offer its shares to the public. Section 45A of the Act also distinguishes proprietary companies as either "large proprietary" or "small proprietary". The differences here relate to issues such as operating revenue, consolidated gross assets, and the number of employed persons. Large proprietary companies are required to appoint an auditor and lodge appropriate financial statements with the Australian Securities and Investments Commission (ASIC).
Views: 0 wikipedia tts
Subtitles found on OpenSubtitles.org: Arabic, Bulgarian, Chinese, Croatian, Czech, English, French, German, Greek, Polish, Portuguese, Rumanian, Russian, Spanish, Serbian, Turk. EN: Synopsis: Revolution OS is a 2001 documentary film that traces the twenty-year history of GNU, Linux, open source, and the free software movement. Directed by J. T. S. Moore, the film features interviews with prominent hackers and entrepreneurs including Richard Stallman, Michael Tiemann, Linus Torvalds, Larry Augustin, Eric S. Raymond, Bruce Perens, Frank Hecker and Brian Behlendorf. Source : https://en.wikipedia.org/wiki/Revolution_OS FR : Synopsis : Revolution OS est un film documentaire datant de 2001 qui retrace l'histoire des mouvements GNU, Linux, Open Source et des logiciels libres et dans lequel plusieurs personnalités de l'informatique sont interviewées, comme Richard Stallman, Michael Tiemann, Linus Torvalds, Larry Augustin, Eric S. Raymond, Bruce Perens, Frank Hecker et Brian Behlendorf. Il a été réalisé par J. T. S. Moore. Source : https://fr.wikipedia.org/wiki/Revolution_OS J'ai corrigé du mieux que j'ai pu les sous-titres français ;-)
Views: 17062 I Moved to Diaspora
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Australian_Company_Number 00:00:33 1 ACN 00:02:04 2 Progression to ABN 00:03:03 3 Examples 00:03:29 4 Number generation 00:04:11 5 Purpose of ACNs and ABNs 00:05:15 6 Other countries Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.9661656297850947 Voice name: en-US-Wavenet-B "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= An Australian Company Number (usually shortened to ACN) is a unique nine-digit number issued by the Australian Securities and Investments Commission (ASIC) to every company registered under the Commonwealth Corporations Act 2001 as an identifier. The number is usually printed in three groups of three digits. It must be quoted on all correspondence and invoices issued by that company. A similar system is used for non-company entities such as trusts, and for foreign companies.
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William Arthur Niskanen (March 13, 1933 – October 26, 2011) was an American economist noted as one of the architects of President Ronald Reagan's economic programme and for his contributions to public choice theory. About the book: https://www.amazon.com/gp/product/0742544346/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0742544346&linkCode=as2&tag=tra0c7-20&linkId=e31e269288ba73a2f8e14b7f58783930 He was also a long-time chairman of the libertarian Cato Institute. https://en.wikipedia.org/wiki/William_A._Niskanen Paul G. Mahoney (born 1959) is an American law professor. He became Dean of the University of Virginia School of Law on July 1, 2008, succeeding John Calvin Jeffries. Mahoney graduated in 1981 from Massachusetts Institute of Technology and earned a law degree in 1984 from Yale Law School. He clerked for Judge Ralph K. Winter, Jr. of the United States Court of Appeals for the Second Circuit and for United States Supreme Court Justice Thurgood Marshall. He practiced law at Sullivan & Cromwell from 1986 until 1990, when he joined the Virginia law faculty. His areas of academic interest are securities regulation, law and economic development, corporate finance, financial derivatives and contracts. Mahoney is a member of the Council on Foreign Relations, and was an associate editor of the Journal of Economic Perspectives and a director of the American Law and Economics Association. https://en.wikipedia.org/wiki/Paul_Mahoney_(American_lawyer) Alan Reynolds (born c. 1943) is one of the original supply-side economists. He is Senior Fellow at the Cato Institute and was formerly Director of Economic Research at the Hudson Institute (1990–2000). He served as Research Director with National Commission on Tax Reform and Economic Growth (the Kemp Commission), advisor to the National Commission on the Cost of Higher Education, and member of the Office of Management and Budget transition team in 1981. His studies have been published by the Organisation for Economic Co-operation and Development, the Joint Economic Committee, the Federal Reserve Banks of Atlanta and St. Louis and the Australian Stock Exchange. The latter paper was influential in the decision by the Australian government to cut the capital gains tax rate, in 1999. Reynolds received his A.B. in economics from UCLA in 1965 and pursued graduate studies at night at California State University, Sacramento from 1967 to 1970. He is the author of Income and Wealth (Greenwood Press 2006) and The Microsoft Antitrust Appeal (Hudson Institute 2001). He also wrote for numerous publications since 1971, including The Wall Street Journal, The New York Post, National Review, The New Republic, Fortune, The New York Times, The Washington Post, The Washington Times and The Harvard Business Review. Reynolds is a former columnist with Forbes, Reason and Creators Syndicate. https://en.wikipedia.org/wiki/Alan_Reynolds
Views: 775 The Film Archives
ASIC takes Westpac to court over alleged poor financial advice | The New Daily: . Thanks for watching, subscribe for more videos: https://www.youtube.com/channel/UC_PwdFVp32NtZPUqZfAM_jw?sub_confirmation=1 The corporate watchdog ASIC has commenced civil proceedings against Australia’s second-biggest bank Westpac, over alleged ‘poor’ financial advice. It comes less than two months after shocking revelations of dodgy behaviour in the financial advice arms of the big banks and AMP came out in the royal commission. The latest allegations relate to Perth-based financial planner Sudhir Sinha, who worked for Westpac between 2001 and 2014. In the latest case, ASIC alleges that Mr Sinha did not comply with his clients’ ‘best interests’ as stipulated in the Corporations Act. In Court documents filed on Thursday, the watchdog claimed Mr Sinha had “provided inappropriate financial advice, and failed to prioritise the interests of his clients”. Last year Mr Sinha was banned from providing financial services for five years. However, ASIC has decided to take Westpac to court because it claims the bank is liable for the alleged breaches of the ‘best interests’ obligations. The watchdog also alleges that Westpac contravened sections of the Act that require Westpac “to do all things necessary to ensure that the financial services covered by its licence are provided efficiently, honestly and fairly, and to comply with financial services laws”. If the court decides in ASIC’s favour, Westpac could be liable to pay a fine of up to $1 million. ASIC noted, however, that Westpac has “a significant remediation programme underway” in respect of Mr Sinha’s conduct. Westpac has reported to ASIC that it had paid approximately $12 million in compensation to clients impacted by Mr Sinha’s poor advice and ongoing advice service failures. The hearing is scheduled for July 19 at 9.30am at the Federal Court in Sydney. #ASIC, #takesWestpac, #court, #over, #alleged, #poor, #financial, #advice, #|TheNewDaily
Views: 5 Vito Babb
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video! More Financial Crisis Resources: Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1549062 CrashCourse
SYDNEY, AUSTRALIA - MAY 17, 2017 True Crime News Weekly confronts Evo Media company director, Mark Anthony, as he gets served by ASIC over a host of corporate crimes. Mr Anthony - who owns Australia's largest LGBTIQ media group - is accused of committing a phoenix scam in 2013 as well as illegally acting as a company director, among other possible charges. Earlier in the day, Mr Anthony had been involved in a court case where he is alleged to have broken a lease for Evo Media's offices and was left owing about $60,000 to the building's landlords. Mr Anthony is also being investigated by NSW Police for defrauding party promoters of almost $10,000 worth of event tickets in the past few months. There are also questions over Evo Media's bizarre and possibly corrupt long-term relationship with the AIDS Council of NSW for the last 10 years. The Independent Commission Against Corruption (ICAC) has received a report over possible corruption. FOR THE REST OF THE STORY, VISIT: www.TrueCrimeNewsWeekly.com #TrueCrime #TrueCrimeNewsWeekly
Views: 675 True Crime News Weekly
What Is Corporate Goverance,https://goo.gl/r1938O Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed.Governance structures and principles identify the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and includes the rules and procedures for making decisions in corporate affairs. Corporate governance includes the processes through which corporations' objectives are set and pursued in the context of the social, regulatory and market environment. Governance mechanisms include monitoring the actions, policies, practices, and decisions of corporations, their agents, and affected stakeholders. Corporate governance practices are affected by attempts to align the interests of stakeholders. Interest in the corporate governance practices of modern corporations, particularly in relation to accountability, increased following the high-profile collapses of a number of large corporations during 2001–2002, most of which involved accounting fraud; and then again after the recent financial crisis in 2008. Corporate scandals of various forms have maintained public and political interest in the regulation of corporate governance. In the U.S., these include Enron and MCI Inc. (formerly WorldCom). Their demise is associated with the U.S. federal government passing the Sarbanes-Oxley Act in 2002, intending to restore public confidence in corporate governance. Comparable failures in Australia (HIH, One.Tel) are associated with the eventual passage of theCLERP 9 reforms. Similar corporate failures in other countries stimulated increased regulatory interest (e.g., Parmalat in Italy). Stakeholder interests In contemporary business corporations, the main external stakeholder groups are shareholders, debtholders, trade creditors and suppliers, customers, and communities affected by the corporation's activities. Internal stakeholders are the board of directors, executives, and other employees. Much of the contemporary interest in corporate governance is concerned with mitigation of the conflicts of interests between stakeholders. In large firms where there is a separation of ownership and management and no controlling shareholder, the principal–agent issue arises between upper-management (the "agent") which may have very different interests, and by definition considerably more information, than shareholders (the "principals"). The danger arises that, rather than overseeing management on behalf of shareholders, the board of directors may become insulated from shareholders and beholden to management. This aspect is particularly present in contemporary https://goo.gl/r1938O
Views: 58 Tips digital1
Market abuse may arise in circumstances where financial investors have been unreasonably disadvantaged, directly or indirectly, by others who: have used information which is not publicly available (insider dealing) have distorted the price-setting mechanism of financial instruments have disseminated false or misleading information Market Abuse is split into two different aspects (Under EU definitions): Insider dealing: Where a person who has information not available to other investors (e.g. a Director with knowledge of a takeover bid) makes use of that information for personal gain; Market manipulation: Where a person knowingly gives out false or misleading information (For instance about a company's financial circumstances) in order to influence the price of a share for personal gain. In 2013/2014, the EU updated its legislation on market abuse, and harmonised criminal sanctions. http://en.wikipedia.org/wiki/Market_abuse Market manipulation is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency. Market manipulation is prohibited in most countries, in particular, it is prohibited in the United States under Section 9(a)(2) of the Securities Exchange Act of 1934, in Australia under Section 1041A of the Corporations Act 2001, and in Israel under Section 54(a) of the securities act of 1968. The Act defines market manipulation as transactions which create an artificial price or maintain an artificial price for a tradeable security. Market manipulation is also prohibited for wholesale electricity markets under Section 222 of the Federal Power Act and wholesale natural gas markets under Section 4A of the Natural Gas Act. Stock Bashing: "This scheme is usually orchestrated by savvy online message board posters (a.k.a. "Bashers") who make up false and/or misleading information about the target company in an attempt to get shares for a cheaper price. This activity, in most cases, is conducted by posting libelous posts on multiple public forums. The perpetrators sometimes work directly for unscrupulous Investor Relations firms who have convertible notes that convert for more shares the lower the bid or ask price is; thus the lower these Bashers can drive a stock price down by trying to convince shareholders they have bought a worthless security, the more shares the Investor Relations firm receives as compensation. Immediately after the stock conversion is complete and shares are issued to the Investor Relations firm, consultant, attorney or similar party, the basher/s then become friends of the company and move quickly to ensure they profit on a classic Pump & Dump scheme to liquidate their ill gotten shares. (see P&D)" http://en.wikipedia.org/wiki/Market_manipulation
Views: 189 Remember This
Rayna Green, Curator and Director of the American Indian Program, Division of Home and Community Life, National Museum of American History, Smithsonian Institution Co-sponsored by the Native American Program, the Hood Museum of Art, and the Dartmouth Centers Forum. Location: Arthur M. Loew Auditorium
Views: 3415 Dartmouth
Sponsored by the John Sloan Dickey Center for International Understanding at Dartmouth College Recorded October 22, 2018 Ms. Glaser is a senior advisor for Asia and the director of the China Power Project at CSIS, where she works on issues related to Asia-Pacific security with a focus on Chinese foreign and security policy. Ms. Glaser is a Non-Resident Fellow with the Lowy Institute in Sydney, and a senior associate with the Pacific Forum. Prior to joining CSIS, Ms. Glaser served as a consultant for various U.S. government offices, including the Departments of Defense and State. Ms. Glaser has written extensively on Chinese threat perceptions and views of the strategic environment, China’s foreign policy, Sino-U.S. Relations, U.S.-China military ties, cross-strait relations, Chinese assessments of the Korean peninsula, and Chinese perspectives on missile defense and multilateral security in Asia. Her writings have been published in, among others, the Washington Quarterly, China Quarterly, Asian Survey, International Security, Contemporary Southeast Asia, American Foreign Policy Interests, Far Eastern Economic Review, and Korean Journal of Defense Analysis, New York Times and International Herald Tribune. Ms. Glaser is also a regular contributor to the Pacific Forum quarterly Web journal Comparative Connections. Ms. Glaser is a board member of the U.S. Committee of the Council for Security Cooperation in the Asia Pacific and a member of both the Council on Foreign Relations and the International Institute for Strategic Studies. Ms. Glaser served as a member of the Defense Department’s Defense Policy Board China Panel in 1997. Ms. Glaser received her B.A. in political science from Boston University and her M.A. with concentrations in international economics and Chines studies from The Johns Hopkins School of Advanced International Studies.
Views: 1626 Dartmouth
JOHN MAYNARD KEYNES: The Economic Consequences of the Peace FULL Audiobook - The Economic Consequences of the Peace (1919) is a book written and published by John Maynard Keynes. Keynes attended the Versailles Conference as a delegate of the British Treasury and argued for a much more generous peace. It was a bestseller throughout the world and was critical in establishing a general opinion that the Versailles Treaty was a "Carthaginian peace". It helped to consolidate American public opinion against the treaty and involvement in the League of Nations. The perception by much of the British public that Germany had been treated unfairly in turn was a crucial factor in public support for appeasement. The success of the book established Keynes' reputation as a leading economist especially on the left. When Keynes was a key player in establishing the Bretton Woods system in 1944, he remembered the lessons from Versailles as well as the Great Depression. The Marshall Plan after Second World War is a similar system to that proposed by Keynes in The Economic Consequences of the Peace. The book was released in late 1919 and became an immediate bestseller on both sides of the Atlantic: it was released in the US in 1920. The scathing sketches of Wilson, Lloyd George and Clemenceau proved to be very popular and the work established Keynes' reputation with the public as a leading economist. In six months, the book had sold 100,000 copies with translations into 12 languages. It restored Keynes' reputation with the Bloomsbury Group which had been tarnished by his work for the treasury during the war. Keynes returned to Cambridge to work as an economist where he was regarded as the leading student of Alfred Marshall.(summary adapted from wikipedia.org - Attribution: http://en.wikipedia.org/w/index.php?title=The_Economic_Consequences_of_the_Peace&action=history) - SUBSCRIBE to Greatest Audio Books: http://www.youtube.com/GreatestAudioBooks - Become a FRIEND: Facebook: http://www.Facebook.com/GreatestAudioBooks Google+: - READ along by clicking (CC) for Closed Caption Transcript! - LISTEN to the entire audiobook for free! Chapter listing and length: 01 - Chapter 1 Preface and Introductory -- 00:07:49 02 - Chapter 2 Europe Before the War -- 00:22:01 03 - Chapter 3 The Conference -- 00:36:08 04 - Chapter 4A The Treaty -- 00:31:06 05 - Chapter 4B The Treaty -- 00:30:57 06 - Chapter 5A Reparations -- 00:24:17 07 - Chapter 5B Reparations -- 00:38:59 08 - Chapter 5C Reparations -- 00:43:19 09 - Chapter 5D Reparations -- 00:21:03 10 - Chapter 6 Europe After the Treaty -- 00:30:31 11 - Chapter 7 Remedies -- 00:35:51 12 - Chapter 7B Remedies -- 00:19:17 Total running time: 5:41:18 Read by Graham McMillan In addition to the reader, this audio book was produced by: Meta-Coordinator/Cataloging: MaryAnn This is a Librivox recording. All Librivox recordings are in the public domain. For more information or to volunteer visit librivox.org. This video: Copyright 2013. Greatest Audio Books. All Rights Reserved.
Views: 16080 Greatest AudioBooks
Debt, default, and forgiveness have been at the heart of almost every major financial boom, bust, and recovery. Without debt, growth is nearly impossible. Yet too much debt is catastrophic. Why is it that out of all economic variables, debt causes the most trouble? In these lectures John Geanakoplos describes debt in history, in literature, and in economic theory, including his own theory of the leverage cycle, culminating in an explanation of the American mortgage crisis of 2007-2010 and the European sovereign debt crisis of 2010-2016. Lecture 2: The Leverage Cycle and Forgiveness. - Tuesday, Septemeber 26, 2017. What happened in 2007-2016? Are debt crises the result of panic, or systemic failure that can be controlled by regulation? Is there a mathematics of debt crises? Why is forgiving debt so hard? Why is it so important? When is it appropriate? Geanakoplos describes the leverage cycle, and uses it to explain the mortgage debt crisis of 2007-2008, the Greek and European debt problem today, and student debt tomorrow. John Geanakoplos is the James Tobin Professor of Economics at Yale University, an inaugural Yale Faculty Senator, a Fellow of the American Academy of Arts and Sciences, and a recipient of the Samuelson Prize. From 1990-1994 he was Director of Fixed Income Research at the investment bank Kidder Peabody, and in 1995 he was one of the founders of the hedge fund Ellington Capital Management, where he remains a partner. He was Director of the Cowles Foundation for Research in Economics for 9 years, and director of the Steering Committee for the Santa Fe Institute for 6 years. He is the creator of a theory of collateral equilibrium and the leverage cycle. He has testified several times in Congress about debt forgiveness and he advised the Greek government about Greek debt relief.
Views: 618 Santa Fe Institute
19:03 - Panel Introduction 22:34 - Dr. C. Anthony Pfaff 38:38 - Ms. Caroline Batka 54:36 - Colonel (Ret.) Mark Cancian 1:12:46 - Mr. Chris Rothery 1:27:47 - Panel Discussion : Governance, Laws, and Ethical Standards 1:49:14 - Mr. Erik Prince 2:49:17 - Laura Dickinson
Views: 217 University of North Georgia
Exploring the hidden side of past and current events: covering: Israel and the theft of the Palestinian land, the difference between Jewish people and Zionists, our Monetary-System and the Rothschild global banking syndicate, the downfall of countries resisting the Rothschild family, the threat to our Privacy and Freedom of Speech. Historic events from World War 1 and World War 2, to Concentration Camps and Eugenics. The documentary will also cover Political Correctness, the Transgender Agenda and much more. If you want to support us create more videos you can help us the following way: Patreon: https://www.patreon.com/Whatcoulditbe Paypal: http://goo.gl/m7uEWh Merchandise: http://www.cafepress.com/whatcoulditbe Video quality: HD1080p60 English Subtitles
Views: 1140 What could it be
A proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited. However, unlike a public company there are, depending on jurisdiction, restrictions on what it can and cannot do. In Australia, a proprietary company is defined under section 45A(1) of the Corporations Act 2001. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 562 Audiopedia
The banking sector in Australia consists of a number of banks licensed to carry on banking business under the Banking Act 1959, foreign banks licensed to operate through a branch in Australia, and Australian-incorporated foreign bank subsidiaries. The banking system is liquid, competitive and well developed. For the 10 years ended mid-2013, the Commonwealth Bank was ranked first in Bloomberg Riskless Return Ranking a risk-adjusted 18%. Westpac Bank was in fourth place with 11% and ANZ Bank was in seventh place with 8.7%. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 932 Audiopedia
The Fundamentals Symposium critically investigated architecture, education, and the building industry through the lens of ethical work practices. Part 1: Architecture and Capital Ana Carolina Tonetti and Ligia Nobre - Contra Condutas, Escola de Cidade Adam Kaasa - Royal College of Art Concrete Action Chair- Alex Warnock Smith, Central Saint Martins Counter-Conducts, A Political Pedagogical Action Book Launch and Drinks The symposium was an initiative undertaken in partnership with Escola da Cidade, São Paulo, Brazil, as part of their Counter Conducts initiative, exhibition and publication.
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This video was created for Penn State's EBF 301: Global Finance for the Earth, Energy, and Materials Industries, (https://www.e-education.psu.edu/ebf301/), with the assistance of Tom Seng and the John A. Dutton e-Education Institute (https://www.e-education.psu.edu/).
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Global Power Elite and Permanent War!. The War & Peace Lecture Series is a multi-disciplinary program that has provided the campus and local community with cultural enrichment since 1986. It presents academic and community speakers who discuss who help us understand the causes of war and the possibilities of practicing peace.
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This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Internet_censorship_in_Australia 00:04:13 1 Current status 00:04:31 1.1 Federal law 00:05:32 1.1.1 Broadcasting Services Act 1992 00:08:06 1.1.2 Suicide Related Materials Offences Act 2006 00:08:37 1.1.3 Copyright Amendment (Online Infringement) Bill 2015 00:09:10 1.2 State and territory laws 00:10:09 1.3 Notable examples 00:18:13 2 Proposed mandatory filtering legislation 00:19:29 2.1 Terminology 00:21:38 2.2 History 00:27:20 2.3 Political party policies, positions and statements 00:27:33 2.3.1 Labor Party 00:31:39 2.3.2 The Liberal/Nationals Coalition 00:34:59 2.3.3 The Greens 00:37:20 2.3.4 Independents and minor parties 00:39:09 2.4 Two blacklists 00:43:13 2.5 Leaking of the ACMA blacklist 00:46:54 2.6 Live filtering trials 00:54:59 2.7 Opinion polling 00:59:41 2.8 Australian Law Reform Commission review 01:01:45 3 Voluntary filtering by ISPs 01:02:22 3.1 Internet Industry Association filter code 01:03:31 3.2 Legality of mandatory filtering for users 01:04:28 4 Proposal for an independent Media Council 01:06:12 5 Anti-censorship campaigns 01:09:50 5.1 Response 01:21:21 5.2 Attacks on government websites 01:24:20 6 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.7554245669160744 Voice name: en-GB-Wavenet-D "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= Internet censorship in Australia currently consists of a regulatory regime under which the Australian Communications and Media Authority (ACMA) has the power to enforce content restrictions on Internet content hosted within Australia, and maintain a "black-list" of overseas websites which is then provided for use in filtering software. The restrictions focus primarily on child pornography, sexual violence, and other illegal activities, compiled as a result of a consumer complaints process. In 2009, the OpenNet Initiative found no evidence of Internet filtering in Australia, but due to legal restrictions ONI does not test for filtering of child pornography or cyberbullying. In October 2008, a policy extending Internet censorship to a system of mandatory filtering of overseas websites which are, or potentially would be, "refused classification" (RC) in Australia was proposed. Australia is classified as "under surveillance" by Reporters Without Borders due to the proposed legislation. If enacted, the legislation would require Internet service providers to censor access to such content for all users. The proposal has generated substantial opposition, with a number of concerns being raised by opponents and only a few groups strongly in support. On 5 August 2010, the Coalition parties announced that they would not vote for the policy, making it virtually impossible for the filtering scheme to pass.In June 2011, two Australian ISPs, Telstra and Optus, confirmed they would voluntarily block access to a list of child abuse websites provided by the Australian Communications and Media Authority and more websites on a list compiled by unnamed international organisations from mid-year.In November 2012, the former Labor Communications Minister, Stephen Conroy, withdrew his party's mandatory Internet filter. On the same day, the then Communications Minister stated that as a result of notices to the Australian largest ISPs, over 90% of Australians using Internet Services are going to have a web filter. Australian Federal Police would then pursue smaller ISPs and work with them to meet their "obligation under Australian law". iiNet and Internode quietly confirmed that the request to censor content from Australian Federal Police went from voluntary to mandatory under s313 in an existing law. iiNet had sought legal advice and accepted the s313 mandatory notice but would not reveal the legal advice publicly.In June 2015, the country passed an amendment which will allow the court-ordered censorship of websites deemed to primarily facilitate copyright infringement. In December 2016, the ...
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A reverse mortgage or home equity conversion mortgage (HECM) is a type of home loan for older homeowners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner's insurance. Reverse mortgages allow elders to access the home equity they have built up in their homes now, and defer payment of the loan until they die, sell, or move out of the home. Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month. The rising loan balance can eventually grow to exceed the value of the home, particularly in times of declining home values or if the borrower continues to live in the home for many years. However, the borrower (or the borrower's estate) is generally not required to repay any additional loan balance in excess of the value of the home. Specific rules for reverse mortgage transactions vary depending on the laws of the jurisdiction. For example, in Canada, the loan balance cannot exceed the fair market value of the home by law. One may compare a reverse mortgage with a conventional mortgage, where the homeowner makes a monthly payment to the lender, and after each payment, the homeowner's equity increases by the amount of the principal included in the payment. Regulators and academics have given mixed commentary on the reverse mortgage market. Some economists argue that reverse mortgages may benefit the elderly by smoothing out their income and consumption patterns over time. However, regulatory authorities, such as the Consumer Financial Protection Bureau, argue that reverse mortgages are "complex products and difficult for consumers to understand", especially in light of "misleading advertising", low-quality counseling, and "risk of fraud and other scams". Moreover, the Bureau claims that many consumers do not use reverse mortgages for the positive, consumption-smoothing purposes advanced by economists. In Canada, the borrower must seek independent legal advice before being approved for a reverse mortgage. Australia: Eligibility: Reverse mortgages are available in Australia. Under the Responsible Lending Laws the National Consumer Credit Protection Act was amended in 2012 to incorporate a high level of regulation for reverse mortgage. Reverse mortgages are also regulated by the Australian Securities and Investments Commission requiring high compliance and disclosure from lenders and advisers to all borrowers. Borrowers should seek credit advice from an accredited reverse mortgage specialist before applying for a reverse mortgage. Anyone who wants to engage in credit activities (including lenders, lessors and brokers) must be licensed with ASIC or be a representative of someone who is licensed (that is, they must either have their own licence or come under the umbrella of another licensee as an authorised credit representative or employee)(ASIC) Eligibility requirements vary by lender. To qualify for a reverse mortgage in Australia, the borrower must be over a certain age, usually 60 or 65 years of age; if the mortgage has more than one borrower, the youngest borrower must meet the age requirement. the borrower must own the property, or the existing mortgage balance must be low enough that it will be extinguished by the reverse mortgage proceeds, thus leaving the reverse mortgage as the only debt that remains secured against the property. ...................................................................................... Sources: Text: https://en.wikipedia.org/wiki/Reverse_mortgage Background Music: Evgeny Teilor, https://www.jamendo.com/track/1176656/oceans The Lounge: http://www.bensound.com/royalty-free-music/jazz Images: www.pixabay.com www.openclipart.com .................................................................................................
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