Real Estate is the real estate fiduciary investment
business of Deutsche asset Management. During the past
40 years, RREEF Real Estate has built a leading real estate
investing business. Head quartered in new york, RREEF
Real Estate has nearly 600 professionals located in 22 cities
around the world.
“ as a founding member of Greenprint,
RREEF Real Estate has and continues
to play a leadership role in defining the
metrics that Greenprint will collect in
future reporting rounds, and how the
reporting process can be increasingly
automated, transparent, and
compatible with the established set of
portfolio management tools widely used
in the commercial real estate industry.”
This paper looks at the coherence of development policies with regard to the consistency
between, on the one hand, the objectives or results of a donor’s economic policies that
have an impact on the countries receiving development aid, and, on the other, the
objectives of the official international development cooperation policy.
We have attempted to include all the economic policies that can have an impact on aid-
Until July 2007, the S&P Preferred Stock Index was characterized by relative
stability. Firm values of financial institutions were high and preferred stocks had
returns which were similar to bonds. Beginning in the summer of 2007, the volatility
of returns in the common stocks of financial firms increased significantly. The S&P
Financial Sector Index approximately doubled in volatility in August 2007. After
August 2007, the Preferred Stock Index became more correlated with the S&P 500 and
the S&P Financial Index and less correlated with...
For most taxable bond investors, bond mutual funds have a number
of advantages over individual bond portfolios in terms of diversification,
cash-flow treatment and portfolio characteristics, liquidity, and costs.
Individual bonds do provide certain benefits compared with bond mutual
funds, and these advantages revolve primarily around a preference for
control over security-specific decisions in the portfolio.
The analysis of the factor models is interesting in its own right. Surpris-
ingly,much of the literature on international stock return comovement imposes
strong restrictions of constant, unit betas with respect to a large number of
country and industry factors, as in the Heston and Rouwenhorst (1994) model.
We contrast the predictions of these models for stock return comovements with
our risk-based models.
Due to a variety of factors, more and more companies are
being forced to continuously cut costs, boost productivity, and
struggle for success. Although their mandate might be to im-
prove sales, the resources available to do this are being cut.
For companies in this situation, the telephone can become a
For individuals, a career as a telemarketer can be long-
lasting and highly lucrative, especially once you perfect your
skills, gain experience, and develop a track record.
Since 2005, the international development
perspectives have broadened, with new funding
sources, partnerships and configurations of
stakeholders. Global public-health initiatives
such as the Global Alliance for Vaccines and
Immunisation (GAVI) and the Global Fund to fight
AIDS, Tuberculosis and Malaria (GFATM) have
matured their operations and increasingly become
significant sources of revenue for national health
budgets in many low-income countries.
Campaign Execution (Model Deployment): Once the model is ready, the next step is
to deploy the model in the current campaign. The model is applied to rank all
potential customers by the predicted probability of belonging to the class initiating
the contact. Only the top x% of the ranked list will receive the promotion (if the
majority of potential customers are contacted, then direct marketing would not differ
much from mass marketing). The selection of an optimal x, i.e. the x that produces
the highest net profit, depends on the (predicted) performance of the model.
If we weight market capitalizations and net earnings for the three S&P categories and
then take the ratio, we have a price-earnings ratio of 19.3 Aggregate earnings and this priceearnings
ratio imply an estimate for the aggregate market capitalization of 1.67 times GNP,
which is close to that for industrials only.
We should note that an estimate of 19 for the price-earnings ratio is significantly higher
than that reported by Fisher, who cites the Standard Statistics Company as the source for
A 1992 study conducted by Arthur Andersen , commissioned by the Associated Credit
Bureaus (now known as the Consumer Data Industry Association) used a different
methodology to conclude that the error rate was much lower. This study reviewed the
behavior of 15,703 consumers who were denied credit based on a credit grantor’ s scoring
system. From this sample, 1,223 consumers (7.8%) requested their credit report from the
issuing credit repository, and 304 consumers (1.9% of the total sample) disputed the
information on the report. Of these, 36 disputes (11.
Communities in crisis suffer a loss of access to
services, which UNFPA works to restore or
to provide in temporary locations. While access
is most obviously a problem for refugees and
the internally displaced, people in surrounding
communities and other family members may
also be affected by the crisis. Access continues
to be a priority once a crisis concludes, during
the process of recovery and rehabilitation.
My foreign rights agents are the inestimable Danny and Heather Baror, and collectively
they have sold my books into literally dozens of countries and languages, helping to bring
my work to places I couldn't have dreamed of reaching on my own. They subcontract for
my agent Russell Galen, another inestimable personage without whom I would not have
attained anything like the dizzy heights that I enjoy today.
Despite the expertise and ingenuity of U.S. industry and tremendous productiv-
ity of U.S. agriculture and forestry, plant-based sources cannot automatically
shoulder a major share of our chemical feedstock demand. Today, U.S.
industry only makes minor portions of some classes of chemical products
from plant-derived materials. Important scientific and commercial development
breakthroughs are needed. Petrochemicals, agriculture, forestry, and other
industries—as well as government—must make major coordinated efforts to
most effectively increase the use of plant-derived chemicals.
We need to understand our impacts on the natural world in the fight against species loss and
climate change. We need to change our patterns of consumption to combat climate change,
conserve the Amazon rainforest and protect our oceans. We must become active citizens and
conscious consumers, aware of the consequences of our actions and the purchases we make....
Because an interest rate swap is just a series of cash flows
occurring at known future dates, it can be valued by sim
ply summing the present value of each of these cash flows.
In order to calculate the present value of each cash flow,
it is necessary to first estimate the correct discount factor
(df) for each period (t) on which a cash flow occurs. Dis
count factors are derived from investors’ perceptions of in
terest rates in the future and are calculated using forward
rates such as LIBOR. The following formula calculates a
theoretical rate (known as the “Swap Rate”) for...
The competing reactions reveal diverging views around the possibilities and limits of
microfinance, a polarization captured colorfully by Connie Bruck (2006) in The New Yorker.
Yet there are also areas of shared vision. Most important, all agree that the demand for reliable
financial services is huge. We estimate that roughly 40 to 80 percent of the populations in most
developing economies lack access to formal sector banking services (Beck, Demirguc-Kunt and
Martinez Peria, 2007; World Bank, 2007).
The American Indians repeatedly warned John Wesley Powell against his
first trip through the Grand Canyon. The canyon once contained a trail made
by the god Tavwoats for a mourning chief to go to see his wife in a heaven
to the West. Then the god filled up the trail with a river and forbade anyone to
go there. Powell would draw Tavwoats' wrath.
But Powell saw the canyon
geologically. He too experienced awe, but of the erosional forces of time and
the river flowing. He went on to direct the US Geological Survey, and,
interestingly, to head the US...
Question D is answered positively, because there is a clear correlation between the ability to manage
the procedure and achieve a clear articulation of forms. By comparison, there were students who tried
formgiving by selected design parameter only and some students who were able to determine the main
The answer to which of Baumgarten’s aesthetic considerations were applied involves only the 6
considerations which the students have worked with in connection with the earlier mentioned
Research is essential for the United States to remain a world leader in the
development of health advances. The beneﬁ ts of research extend beyond healthy
citizens. Research improves our nation’s productivity, increases employment, and
improves the ﬁ nancial well-being of our citizens. More progress must be made,
both in understanding disease processes in order to develop cures and in bringing
these advances to everyone.