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...correlation when Markopolos expected "something like a 50%" correlation. "If your returns are coming from the S&P 100 stock index, you better at least resemble that stock's performance," he said. He also compiled statistics from S&P 100 index options and from the Chicago Board Options Exchange as reported in financial media. "There were not enough index options in existence for Madoff to be managing the split strike conversion strategy he purported to be running," he said. But the biggest tip-off of a fraud was that Madoff reported his fund was down only three months...
Unsurprisingly, rich nations - like Canada and the U.S. - tended to score highest in the study, with African, Asian and Latin American nations generally failing across the board. Nations with a history of corruption, such as Thailand and Indonesia, also scored poorly, which makes sense since proper fishing oversight requires not just regulations on the books, but a government willing to enforce them. But even a relatively scrupulous government offers no guarantee of fish-stock safety; Canada, Pitcher notes, has great fishing laws but in recent years, under a conservative government, they haven't always been executed. "It's not just...
With promises to push for greater budgeting transparency and to accommodate a wider range of campus tastes, Kevin M. Mee ’10 and James A. McFadden ’10 were elected as chair and vice-chair of the the 20-person College Events Board Monday night...
...others were named as executives to the board, which is responsible for planning major campus-wide social events...
...clients on issues related to all aspects of public policy," boasts the firm's website. One of Alston's clients, EduCap, a nonprofit student-loan company that spent six figures lobbying to change federal loan laws, took Daschle on two cushy overseas trips, one to the Bahamas for a board meeting and another to the Middle East to meet with foreign leaders...