Investment banking - Wiki Unlike commercial banks and retail banks, investment banks do not take deposits. From 1933 (Glass–Steagall Act) until 1999 (Gramm–Leach–Bliley Act), the United States maintained a separation between investment banking and commercial banks. Other industrialized countries, including G8 countries, have historically not maintained such a separation. As part of the Dodd-Frank Act 2010, Volcker Rule asserts full institutional separation of investment banking services from commercial banking. There are two main lines of business in investment banking. Trading securities for cash or for other securities (e.g. facilitating transactions, market-making), or the promotion of securities (e.g. underwriting, research, etc.) is the "sell side", while buy side is a term used to refer to advising institutions concerned with buying investment services. Organizational structure[edit] Investment banking is split into front office, middle office, and back office activities. Front office[edit] Research[edit]
List of countries by GDP (nominal) per capita Countries by 2013 GDP (nominal) per capita.[1] This is a list of countries sorted by their gross domestic product per capita at nominal values. This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average (or mid-year) population for the same year. These figures should be used with caution. GDP per capita is often considered an indicator of a country's average wealth. However, it is only a measure of mean average wealth and so unlike a median average wealth measure it does not necessarily reflect the wealth of any real, and therefore any significant, population group within a country. Non-sovereign entities (the world, the European Union, and some dependent territories) are included in the list because they appear in the sources. All data are in current United States dollars. Jump up ^ Based on the IMF figures.
CHART OF THE DAY: This Will Be The World's Richest Country In 2050 Goldman has a new report out on The BRICs countries after 10 years, and how global markets will continue to evolve. Remember, the BRICs are Brazil, Russia, India, and China -- the four countries identified 10 years ago by Goldman's Jim O'Neill as being the global growth-drivers of the next generation. This new report discusses various themes, including the emergence of non-BRIC emerging markets, as well as a general flattening of income equality over the next several years. Goldman also makes its prediction for what the richest economies will be in the year 2050. The good news for the U.S.: The U.S. will remain top dog on a per-capita-GDP basis (this list does exclude some tiny countries, like the Mideast petro-kingdoms, which might actually be higher). According to the report, China will be far and away the world's biggest economy, but on a per-capita-GDP basis, it still won't even be as rich as Mexico.
Turkey grants US warship permission to enter Black Sea The aircraft carrier USS George H. W. Bush Turkey has given a US Navy Warship the green light to pass through the Bosphorus within the next two days as tensions in Ukraine’s Crimea region continue to divide world powers. Turkish sources, speaking with the Hurriyet Daily News on Wednesday, declined to elaborate on the name of the US warship. The US vessel to pass through the straits will meet the convention’s standards, the sources said. On Wednesday, the Russian Black Sea Fleet Staff confirmed to the Itar-Tass news agency that a US destroyer was expected to enter the Black Sea later this week. On Sunday, Tass reported that the guided-missile frigate USS Taylor, one of two Navy ships assigned to the Black Sea during the Sochi Winter Olympics was still in the Turkish Black Sea port of Samsun. The US Navy Warship USS Taylor. Meanwhile, it was reported on Tuesday that two Russian warships entered the Black Sea through the Bosphorus. No coastguard boats were seen escorting the ships. Like this:
United Nations Military Observer Group in India and Pakistan The United Nations has played an important role in maintaining peace and order in Jammu and Kashmir since the transfer of Power to India and independence to Pakistan in 1947. Immediately after the freedom a dispute erupted between India and the successor nation-state of Pakistan on the question of the very basis of accession of Jammu and Kashmir by the ruler. New Delhi took this matter to the United Nation and the Security Council passed resolution 39 (1948) and established the United Nations Commission for India and Pakistan (UNCIP) to investigate and mediate the issues . Map issues[edit] Map of UN's version of the Kashmir region As with other disputed territories, each government issues maps depicting their claims in Kashmir as part of their territory, regardless of actual control. History of operations[edit] UN Security Council plebiscite resolution[edit] Status of Jammu and Kashmir in the Republic of India[edit] Status of Azad Kashmir in Pakistan[edit] Status of Aksai Chin in China[edit]
Gross world product - Wiki The gross world product (GWP) is the combined gross national product of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP).[nb 1] In 2012, the GWP totalled approximately US$84.97 trillion in terms of purchasing power parity (PPP), and around US$71.83 trillion in nominal terms.[1] The per capita PPP GWP was approximately US$12,400.[1] Recent global growth[edit] The table below gives regional percentage values for overall GWP growth through 2012, and estimates for 2013 and 2014, according to the International Monetary Fund (IMF)'s 2013 World Economic Outlook database. Historical and prehistorical estimates[edit] Average annual GWP growth rate from 1,000,000 BCE to 2011. 2011 GWP adjusted with CPI data. In 1998, J. See also[edit] Notes[edit] Jump up ^ See measures of national income and output for more details. References[edit] External links[edit]
Democracy Index The Economist Intelligence Unit Democracy index map for 2012. Greener colours represent more democratic countries. Insufficient information, not rated The Democracy Index is an index compiled by the Economist Intelligence Unit, that measures the state of democracy in 167 countries, of which 166 are sovereign states and 165 are United Nations member states. Methodology[edit] As described in the report,[1] the democracy index is a weighted average based on the answers of 60 questions, each one with either two or three permitted alternative answers. The questions are distributed in the five categories: electoral process and pluralism, civil liberties, functioning of government, political participation, and political culture. "Whether national elections are free and fair";"The security of voters";"The influence of foreign powers on government";"The capability of the civil servants to implement policies". Changes from 2010 to 2011 and 2012[edit] Democracy index by regime type[edit] See also[edit]
Eurozone debt web: Who owes what to whom? The circle below shows the gross external, or foreign, debt of some of the main players in the eurozone as well as other big world economies. The arrows show how much money is owed by each country to banks in other nations. The arrows point from the debtor to the creditor and are proportional to the money owed as of the end of June 2011. Click on a country name to see who they owe Europe is struggling to find a way out of the eurozone crisis amid mounting debts, stalling growth and widespread market jitters. But, with global financial systems so interconnected, this is not just a eurozone problem and the repercussions extend beyond its borders. While lending between nations presents little problem during boom years, when a country can no longer handle its debts, those overseas banks and financial institutions that lent it money are exposed to losses. So, in the tangled web of inter-country lending, who owes what to whom? GDP: €1.8 tn Foreign debt: €4.2 tn €66,508 Foreign debt per person
U.S. To Expand Military Cooperation with Poland and Baltic States as a Result of Events in Ukraine, Crimea Washington (AFP) – The United States plans to expand military cooperation with Poland and Baltic states to show “support” for its allies after Russia’s intervention in Ukraine, Pentagon chief Chuck Hagel said Wednesday. “This morning the Defense Department is pursuing measures to support our allies,” including expanded aviation training in Poland and increasing the US role in NATO’s air policing mission over Baltic countries, Hagel told lawmakers. NATO’s top commander and head of the US European Command, General Philip Breedlove, also planned to confer with Central and Eastern European defense chiefs, Hagel said. “This is a time for wise, steady, and firm leadership,” Hagel told the Senate Armed Services Committee. “It is a time for all of us to stand with the Ukrainian people in support of their territorial integrity and sovereignty, and their right to have a government that fulfills the aspirations of its people.” “Understandably, they are concerned. Like this: Like Loading...
Republic of Korea Armed Forces The Republic of Korea Armed Forces (Korean: 대한민국 국군; Hanja: 大韓民國國軍; Revised Romanization: Daehanminguk Gukgun), also known as the ROK Armed Forces, are the armed forces of South Korea. Created in 1948, following the division of Korea, the Republic of Korea Armed Forces is one of the largest standing armed forces in the world with a reported personnel strength of 3,539,000 in 2012 (639,000 active and 2,900,000 reserve).[1] The ROK military forces are responsible for maintaining the sovereignty and territorial integrity of the republic, but often engage in humanitarian and disaster-relief efforts nationwide. More recently the ROK military began increasing its participation in international affairs, acknowledging its role and responsibility as the fifteenth economic power in the world in terms of GDP. History[edit] The South Korean armed forces were largely constabulary forces until the outbreak of the Korean War. Structure[edit] The ROK Armed Forces consists of the: Service branches[edit]