James Marcia Identity Achievement

Amy Striker Child Psychology 04/11/2013 Finding Your Way Through Identity Crisis Do you remember being a high school and being overwhelmed with all the choices of colleges, majors, occupations etc.? This seems to be the most confusing time of an adolescent’s life and one they will never forget, however what most don’t realize is that there is not just a point that we are all grown up. Instead, there is a very long process and it takes a lot of effort. James Marcia delved beyond Erik Erikson’s stage of identity achievement and created four different levels of this achievement.These levels were distinguished by crisis and commitment. Crisis is defined as a period of identity development during which the individual is exploring alternative, while commitment is personal investment in identity (Marcia, 2003). Identity achievement is obtained when an individual searches for different alternatives, explores those alternatives and makes a commitment to one of the choices . When one is identity achieved they have explored different ideals, occupations, and political views. From the exploration of each, the adolescent finds what they feel they most relate to and commit to those views and ideas.Achievement is also associated with advanced reasoning ability seems that adolescents and adults who can take multiple perspectives on themselves and others also have a ? rmer and more ? exible sense of who they are. For this reason, successful individuals have higher intimacy in their relationships. They are able to commit and feel confident that they will be able to understand their partner’s point of view without having to change their own. However, they have to adapt and understand their own viewpoints while at the same time not experiencing the levels of despair found in less cognitively sophisticated people (Marcia 2003).Moratorium occurs when there is a crisis being faced but no commitment has yet been made. During this phase comes the process of m aking standards for ourselves. Adolescents often express a conflict between their own needs and parental values, and between desire and fear of consequences. In the midst of moratorium, anxiety is likely to be the highest of all the stages, the reason being there is far more uncertainty and pressure residing in the need to make a choice that will change the course of one’s life and career (Marcia 1966).High school students and college students are normally found in this stage. After an individual has reached this stage however, they will very unlikely be going back to foreclosure or diffusion. Foreclosure is the status of individuals who have made a commitment but have not experienced a crisis. This occurs most often when parents hand down commitments to their adolescents, usually in an authoritarian way, before adolescents have had a chance to explore different approaches, ideologies, and vocations on their own.A Foreclosure unquestioningly accepted the standards (usually pa rental) with which she had been brought up, and when pressured by a significant other or their own impulses, clung to rules and authority to guide actions. Those individuals whose entire family is in a particular field may be in this group when they graduate high school and upon their freshman year may begin to go to the way of moratorium, for they are able to explore different ideals in a parent free setting. Diffusion is the status of individuals who have not yet experienced a crisis or made any commitments.Not only are they undecided about occupational and ideological choices, they are also likely to show little interest in such matters. Those who are in the diffusion category are often weary about their life equilibrium being disrupted, they see themselves as the way they are and they are afraid of making changes. These individuals may go into a career office, scoff at the results of their aptitude tests and never end up researching into those ideas as an individual in the morat orium stage would.Difficulty in reaching identity achievement may also come from an avoidance of facing external or internal conflicts that will disrupt our equilibrium that we were comfortable. Ways in which some cope with conflicts may be with assimilation or accommodation. Reacting with assimilation involves interpreting new information according to the schemes, or patterns of thought, we already possess. Someone may use assimilation when they are afraid of changing their major when they are not doing very well perhaps because they are in the foreclosure category and are worried their parents will be disappointed if they do not follow in their footsteps.This person may assimilate by working harder and harder even if they do not get joy in the end. Accommodation involves changing our schemes, or patterns of thought, to better fit with new information. In this case, the student would recognize that he is working hard and isn’t succeeding, but then looking into other majors t hat may suit his skills better, understanding that he needs to create his own identity instead of necessarily following his parents’ occupations. (Kroger 2007). Culture a collective concept providing a common frame of reference for a human group to make sense of reality.Culture is not a stable set of beliefs or values that reside inside individuals but it is located in society, in patterns of practices, ideas, institutions, products and artifacts. As cultural content changes, so do the self-concepts and psychological functions that mediate that culture (Markus & Kitayama, 2010). Adolescents often share daily experiences, hold common values, and face common challenges. A coherent sense of identity supported by agency and self-direction is required to be successful in one's occupational and social life in the United States and other unstructured western societies (Markus 2010). In Western cultures, adolescents are often allowed more freedom in discovering life choices in ideolo gy, careers, and societal interactions. While some adolescents have an easy time figuring out what they want to do with their lives and what their core ideals our, others feel at a loss. Because there is no definite answer and such an excess of possibilities, they may want to sit out of the decision process for as long as possible. This is not beneficial for them and is a consequence of our post-modern cultural goals.Goals that are held to such importance often causes increased stress those children are not ready to deal with. Ways in which to help with these difficulties may be for a counselor to meet with each and every student, once and if it is evident that a child has no idea what they want to do with life, meet with those children on a separate occasion. Parental involvement also play a vital role in the decision making process. Since there are different attachment styles, there cannot be an evaluation of what type of parental involvement is necessary for all children.Just as every child has a different way of making these decisions; parents have different comfort levels of involvement as well. However, it is still essential a parent does not force their ideals and occupation choices onto their children in an authoritative manner; for their children will have an impossible time exploring alternatives if they are frightened they will be scolded when taking their own path. In addition, our culture is often pessimistic about certain careers, causing a child who really feels that that is the career or them to instead choose what their parents want or some other popular occupational choice. Regarding pessimism towards ideals and politics, a person whose parents strictly prohibit all homosexuality may be less likely to stand up for what they believe because they fear negative sanctions from society. Currently, this issue is being addressed by many people coming together to share their own views, making it a simpler task of addressing these alternative ideals. In this way, the excess of possibilities is not as problematic in the discovering of one’s identity.Religion though, is a different story; parents in our culture and around the world expect their children to retain the religion they were centered in. A failure to do so is viewed as disrespect. Seeing that America is a melting pot of cultures, a family strives to maintain their culture for many generations, and waning from the path prevents this cultural harmony. Similarly, it is difficult in our culture to change political views when a family’s viewpoints have been quite close minded.From experience, if a father is republican, they are weary when their son or daughter develops democratic views that oppose their own. Upon discovering such information, parents may say such things as â€Å"I did not raise my children to grow up a liberal† or â€Å"with those views you are taking away all my hard earned money†, sayings that attempt to force the individual to temporarily adapt to their parents demands. Although culture is more far reaching, adolescents spend the most time within their family’s culture, leaving the biggest mark on their identity.Technology holds an important role in post modernism. With technology, individuals who are going through the identity achievement process have many resources at their disposal. They are able to look into different careers with information on the internet being readily available. However, for some adolescents this causes an increase in anxiety because there are again so many choices, and the fear of making the wrong choice deters them from looking. The benefits of technology though, outweigh the cons for there are hundreds of academic sites that are at our disposal for discovering our identity.Cell phones, although sometimes too readily available, allow individuals to feel as if they are more accepted and emotionally supported by many different people at the same time. This aspect is importa nt to identity achievement for when one feels as if they do not have anyone who is emotionally attached to them, they may feel lost and have a more difficult time finding themselves. In counseling, Knowing about how adolescents can more easily go from diffusion to identity achievement can help a counselor make things a bit easier by suggesting ways of going about finding their calling.Also, parents must have a way in which to hear about how perhaps their children may need different outlets to find out what interests them. A counselor for an adolescent who is striving to find their self-definition must discover ways in which to facilitate the motivation aspect of wanting to be identity achieved. A beneficial discussion would be in self-esteem, social relationships and anxiety levels. In addition, just hearing the client talk about who they feel they are, can help them make a major discovery.Research tactics in counseling that would benefit discovery, may be discovering defense tactic s to prevent regression from identity achieved state to diffusion. Those who have many conflicts that they feel as if they cannot overcome may have lowered self-efficacy as well as having regressed, causing them to not be motivated to try new things (Kroger 2000). They see themselves as already trying many different things, failing when they made a commitment, and not wanting to look into other alternatives that they may also fail at.Some adolescents who go to counseling may feel as if their parents’ divorce or another family event has hindered their ability to progress through achievement. These individuals would benefit greatly from counseling only if they are not focusing solely on the problems caused by divorce but ways in which they are not at fault, allowing a feeling of freedom to find their own self. After this realization by these certain individuals, multiple sessions discussing ways in which they can get involved and discover different fields of occupation and idea ls may greatly help their identity achievement path.In addition to these circumstances, those in moratorium are often seen by counselors. When in the moratorium stage there is a greater feeling of anxiety from the uncertainty of the future and stress of making a decision. In a counseling setting, there is a person who is able to be nonattached and give an honest opinion, something that a moratorium individual may have a hard time finding in their daily life. Counseling is the most beneficial for adolescents when they are in their senior year of high school and their freshman year of college.From personal experience observing others, I have found that an individual in senior year feels as if they have reached identity achievement. They have job shadowed during the summer, talked to different teachers and friends about occupation choices and been to see their academic counselor to discuss any problems with their decision. What I see happening to many students is, when they get into th at major, they feel as if they do not want disappoint themselves or their parents if they do not feel like it was the right choice.Although there are many people that they see have changed their paths, the thought of themselves not making the right choice in the beginning frightens them. After all, they may have put forth a lot of effort to find the major they thought was their destiny. These students in particular are the most at risk for regressing from identity achievement to moratorium and perhaps back to diffusion. A counselor’s importance in this point in time is to make the student feel more calmly about changing their major; that it will not upset any other people and if it does the counselor is there to diffuse the situation.Identity achievement is not an easy accomplishment, it is one that takes immense action, contemplation and the biggest decision an adolescent has made so far in their life. Just as there are many ways in which to facilitate the identity achieveme nt process, there are the same about of ways to hinder it. The individual has the ball in their court and it is up to them to make a move or stay where they are in development. uccessful achievement of identity is a requirement of maturity, for within the achieved status, one must have control over their emotions, a need for intimacy, regarding friendship or marriage, be comfortable with their happiness and know what ways they can foster their own development. Counseling is beneficial when a crisis has been experienced and the adolescent is weighing their different options. When an individual has achieved identity and feels confident with most aspects of their being, they are very unlikely to regress.The older one is the less likely regression will occur. References Kroger, J. (2000). Ego identity status research in the new millennium. International Journal Of Behavioral Development, 24(2), 145-148. doi:10. 1080/016502500383250 Kroger, J. (2007). Why is identity achievement so elusi ve? Identity: An International Journal of Theory and Research, 7(4),  331-348. Marcia, J. E. (1966). Development and validation of ego-identity status. Journal Of Personality And Social Psychology, 3(5), 551-558. doi:10. 1037/h0023281 Marcia, J. E. (2003).Treading Fearlessly: A Commentary on Personal Persistence, Identity Development, and Suicide. Monographs Of The Society For Research In Child Development, 68(2), 131-138. doi:10. 1111/1540-5834. 00257 Markus, H. R. , ; Kitayama, S. (2010). Cultures and selves: A cycle of mutual constitution. Perspectives on Psychological Science, 5,420430. doi 10. 1177/1745691610375557 Anthins, K. (2011). 7 clues to identity achievement. Retrieved from http://www. psychologytoday. com/blog/who-am-i/201108/7-clues-identity-achievement-part-1. d

Equity History Essay

Equity was used to refer to the laws that were followed in the English judicial system which supplemented the strict rules that were used on top of the already existing common laws to pass judgments. The conflicts between law and equity can be traced back to the time when England was ruled by kings. At the start of the 14th century, the courts of law in England could only pass sentences to certain cases and disregarded others that according to the system ‘were not suitable’. On top of this, law officials changed the court procedures of listening to claims. Since the legal claims were based on set restrictions, it made the judicial process unfair to the individuals who were denied justice. Remedies however, could be got when petitions were drafted for the king to consider with the hope that he would have mercy on them. The Court of Chancery The Court of Chancery was one court in England and Wales that followed the Equity system. It was formed under the Lord Chancellors jurisdiction who administered cases on behalf of the King; therefore, he served as the judge. During this period, the rules of equity had become more acceptable in solving cases and that is why they were incorporated in the Court of Chancery. In these courts, decisions were made following stare decisis and since they were based on equity, they did not rely on the law doctrines. These courts however, were not trusted with most people to pass correct rulings because of its inconsistency. The courts concentrated on what the defendants had done and what they were supposed to do so as to be right with the law other than what the plaintiff might have wanted. Therefore it was upon the courts to pass the decision that would make the defendant put matters right. Equity therefore, lightened the strict laws. The jurisdiction of the courts of equity is different from law courts because the methods used to distinguish from what is right and what is wrong are differentiated into two such that what is used in the Courts of Law are legal and were enforced using the common laws while those in the Equity based courts were equitable. The Courts of Equity are based on mercy and justice therefore have helped the poor people to fight for their rights especially in certain suits where they are unable to file suits such that a counsel will be assigned to them by the courts and they can get certain favors such as they are exempted from paying ordinary fees. Differences in Common Law and Equity The difference between the common law and equity ranges from the way they deal with solutions and alternatives used in solving legal matters. In Equity, there is no jury as it is the duty of the judge to decide if a person is guilty or not guilty. Another distinction between law and equity is that there are differences in the rules are used to pass decisions. In law, decisions made will be based upon the documented legal guidelines while in equity, general guidelines are followed that will ensure that the sentence passed is fair and just. Equity therefore has no fixed rules as sentences can be passed by using doctrines that were used in prior similar cases. But as time progressed, the equity laws changed rapidly to become more rigid hence becoming a system that was used in the English courts.

Datastream User Guide

INFOSTREAM MAY/JUNE 2008 IN THIS ISSUE GROWTH IN US CONTENT Negotiate the world’s â€Å"info-noise† with Datastream’s expansive and reliable US-focused content. NEW VALUATION RATIOS RELEASED 14 new Datastream valuation ratios have been released, giving you a detailed overview of markets and sectors as well as enabling you to compare company to industry ratios.CONTENTS FEATURES Introducing Intelligent Information from Thomson Reuters Regional Focus – Growth in US Content PRODUCT ENHANCEMENT Functions, Units and Country Datatype Enhancements New Interface for Datastream Custom User-Created Indices in Development Coming Soon – Interactive Charting 1. 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With operations in 93 countries, a market capitalisation in excess of $30 billion and 50,000 employees, Thomson Reuters has the resources and experience to serve our customers in the financial, media, legal, tax and accounting, scientific and healthcare markets.We hope you will see many positive changes from Thomson Reuters, starting with our new brand. One thing we do not intend to change, however, is our commitment to speed, accuracy, independence and freedom from bias, and our commitment to our customers, employees, shar eholders and other stakeholders. We aim to deliver on our promise to bring you intelligent information that provides knowledge to act. REGIONAL FOCUS – GROWTH IN US CONTENT AMERICA’S DATA OBESITY PROBLEM: SOLUTION – GO ON A DATASTREAM DIETNegotiate the world’s â€Å"info-noise† with Thomson Datastream’s expansive and reliable US-focused content. The US investment management industry is estimated to be worth over $30 trillion*. To support this financial leviathan, there is data in abundance available through a host of sources, including the Internet and any number of financial solutions, reports and delivery vehicles, so much so that the result for the end-user is a cacophony of â€Å"infonoise†.The author Neal Stephenson wrote that, â€Å"All information looks like noise until you break the code. † With Thomson Datastream, the US asset management industry has the ultimate code breaker. A modern-day Enigma machine. Thomson Datas tream, although international in its scope, allows unparalleled access to a landscape of historically deep, cross-asset and US-focused data, which is being continually expanded to address client needs and market developments.Sourced from such trusted third-party suppliers as Frank Russell, The Conference Board, MSCI and The University of Michigan Consumer Surveys, to name but a few, this US-orientated data can be placed alongside Thomson Datastream’s robust time series content (100 million series, including exclusive proprietary content) to better understand the performance of the US markets and construct investment strategies accordingly.INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008  Current market conditions are forcing the US investment community to work harder to â€Å"crack the code† and generate alpha. Thomson Datastream is the â€Å"codec† that allows them to achieve this, with the continual addition of North American-focused content. Recent addition s in Q1 2008 include Platts commodity pricing (see page 29) and increased coverage of US Corporate and Sovereign bonds.The Platts database is now available as a pass-through content set, and this market-leading data provides a vital insight for commodity-oriented investors in the USA, giving granular detail on the energy markets, allowing analysts of the energy sector, risk managers, commodity traders, asset managers and anyone wishing to diversify into commodities, the ability to view this valuable data, overlay the information against other factors and manipulate it within Thomson Datastream’s powerful charting and analytical capabilities. Furthermore, the recent addition of 14,000 US bonds significantly increasesUS fixed-income coverage to 43,000 securities for Government, Agency and Corporate bond issues. Within the economic sphere, Thomson Datastream allows access to crucial US-oriented sources to enable the investment management industry to analyse macro factors. For ex ample, US House prices, always a â€Å"hot topic†, are under even more scrutiny when placed within the current subprime context and wider economic conditions. Sources including the National Association of Realtors (NAR), the Mortgage Bankers Association and the S&P Case-Shiller indicators all give greater visibility into US economic health and direction.The chart below uses Shiller state-level data and compares house sales by major US cities. We can see that only in Charlotte, North Carolina, have house sales remained positive year on year, in 2007 albeit at a low 1. 75% level. The continuing crisis, and in particular the example of Bear Stearns, has highlighted the importance of having comprehensive cross-asset coverage available to the asset manager, with credit default swaps often cited. The CDS market is worth approximately $47 trillion and is demanding constant attention. Thomson Datastream carries a range of US-oriented CDS content, including aluable benchmarks for the USA such as the CDX. This index comprises the most liquid CDS contracts of US-based companies and acts as an indicator of the credit markets. The chart below shows clear negative correlation between the CDX index (North American swaps for investment-grade bonds) and the S&P Composite. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008  These, and other CDX indices, measure debt-related derivatives, such as high-yield swaps, and enable US-focused asset managers to hedge their entire portfolios rather than trade each individual CDS per bond issue.Sir Arthur Conan Doyle once had Sherlock Holmes remark that, â€Å"It is a capital mistake to theorise before one has data. † Recently launched proprietary global CDS sector indices and the US-orientated suite, exclusive to Thomson Datastream, allow for greater tactical asset allocations across a portfolio, since the CDS market often captures market information faster than the equity markets. On the inclusion of this content, one Direc tor of Research at a US asset management firm commented, â€Å"The CDS indices are a great innovation. Can you provide us with the full global range? No-one else has this data. † Elementary my dear financial markets!The following example compares the US CDS banking sector against two US interest rate futures indicators. This analysis illustrates that the movement in the US Banking CDS sector anticipated the credit crisis by a little under two weeks, and shows the strong correlations (nine and ten-day lag against the sector respectively) that the futures have, compared to the sector. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008  Other recently added proprietary Thomson Datastream content that lends itself to greater investigation and analysis of the US markets is the M&A series constructed from Thomson data.This content, overlaid against the CDS indices, can help give a clearer indication of the overall health of the M&A activity in the USA. With the credit crisis in Aug ust 2007, the number of completed deals that followed in September dropped and the spread in the CDX index correspondingly fell, as traders felt the deal market drying up. That relationship has broken down during the first quarter of 2008, which may be due to other economic factors. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008  Thomson Datastream’s US-focused content is continually expanding.Across all asset classes, data is being added to ensure that the solution fits the high demands of the North American market, be it through the addition of macroeconomic indicators from such sources as S&P Case-Shiller, or through the display and access of quarterly fundamentals. And this investment is ongoing with soon-to-beadded US option coverage for the USA (S&P 500 and the Nasdaq) and Canada. Access to timely, comprehensive and accurate data is ever more important in a world where decisions have to be made fast.Thomson Datastream’s deep US coverage, across multiple asset classes, allows the US financial industry to cut through the â€Å"infonoise†, access vital must-have information and manipulate it with flexible analytical tools. In these current uncertain times, Thomson Datastream’s blend of reliable, multiple-asset, US content enables investors to make better, more-informed decisions and help avoid the pitfalls best summed up by an old Chinese proverb, which states, â€Å"To guess is cheap. To guess wrongly is expensive. † *Thomson Sharewatch. Based on the AUM from more than 4,000 US companies. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008  PRODUCT ENHANCEMENT FUNCTIONS, UNITS AND COUNTRY DATATYPE ENHANCEMENTS The padding (PAD) function has been enhanced to enable values for missing intermediate data points to be derived via linear interpolation, so any missing (N/A) values within the time series will be calculated by linearly interpolating between the actual data values on either side. The format to use linear interpolatio n is PAD#(Expression, I). Example: To display the FTSE100 price high (PH) from December 2007 to January 2008 – there are N/A values for Christmas and New Year when the market is closed.Using the existing PAD function (without the I parameter) the N/A values are replaced by carrying forward the last actual value for the previous period. Whereas using the PAD function with the I parameter (last column below), the N/A values are replaced by values calculated by interpolating between the data either side, thereby producing a more uniform series. Code 20/12/2007 21/12/2007 24/12/2007 25/12/2007 26/12/2007 27/12/2007 28/12/2007 31/12/2007 01/01/2008 02/01/2008 03/01/2008 04/01/2008 07/01/2008 FTSE100(PH) 6367. 7 6451. 8 6485. 6 #N/A #N/A 6504. 1 6494 6480. #N/A 6512. 3 6487. 8 6534. 7 6376. 5 PAD#(FTSE100(PH)) 6367. 7 6451. 8 6485. 6 6485. 6 6485. 6 6504. 1 6494 6480. 2 6480. 2 6512. 3 6487. 8 6534. 7 6376. 5 PAD#(FTSE100(PH),I) 6367. 7 6451. 8 6485. 6 6491. 77 6497. 93 6504. 1 649 4 6480. 2 6496. 25 6512. 3 6487. 8 6534. 7 6376. 5 The continuous series (CSR) function has been enhanced, specifically for economic series, to allow quarterly series to be displayed at a monthly frequency using linear interpolated values, with a similar enhancement for annual series to be displayed at a quarterly or monthly frequency.The format to display interpolated values is CSR#(Series,M) or CSR#(Series,Q). Example: To display two quarterly series at a monthly frequency – United States GDP in real terms and the Eurozone 15 countries’ GDP in real terms. The actual quarterly data is: Code 15/05/2006 15/08/2006 15/11/2006 15/02/2007 15/05/2007 15/08/2007 15/11/2007 USGDP†¦D 11306. 7 11336. 7 11395. 5 11412. 6 11520. 1 11658. 9 11677. 1 EKGDP†¦D 1859. 84 1870. 18 1884. 62 1899. 5 1904. 74 1919. 03 1926. 38 Here, the US series is in billions of dollars at an annual rate, the Eurozone series is in billions of euros but not annualised.As the table below illustr ates, the CSR function without the M parameter simply repeats the quarterly value for each month of the quarter, but with the M parameter the data is presented in a more uniform way by interpolating between the quarterly numbers. For the United States series, the mid-quarter value of the monthly series is the same as the original quarterly series, whereas for the Eurozone series the mid-quarter value of the monthly series is one third of the original series. This is due to Eurozone GDP not being annualised, so the monthly numbers in the final column below represent the â€Å"best† estimate of actual GDP in that month.Code 15/07/2006 15/08/2006 15/09/2006 15/10/2006 15/11/2006 15/12/2006 15/01/2007 15/02/2007 15/03/2007 15/04/2007 15/05/2007 15/06/2007 15/07/2007 15/08/2007 15/09/2007 15/10/2007 15/11/2007 CSR#(USGDP†¦D) 11336. 7 11336. 7 11336. 7 11395. 5 11395. 5 11395. 5 11412. 6 11412. 6 11412. 6 11520. 1 11520. 1 11520. 1 11658. 9 11658. 9 11658. 9 11677. 1 11677. 1 CSR#(USGDP†¦D,M) CSR#(EKGDP†¦D) 11326. 7 11336. 7 11356. 3 11375. 9 11395. 5 11401. 2 11406. 9 11412. 6 11448. 4 11484. 3 11520. 1 11566. 4 11612. 6 11658. 9 11665 11671 11677. 1 1870. 18 1870. 18 1870. 18 1884. 62 1884. 2 1884. 62 1899. 5 1899. 5 1899. 5 1904. 74 1904. 74 1904. 74 1919. 03 1919. 03 1919. 03 1926. 38 1926. 38 CSR#(EKGDP†¦D,M) 622. 24 623. 39 625 626. 6 628. 21 629. 86 631. 52 633. 17 633. 75 634. 33 634. 91 636. 5 638. 09 639. 68 640. 49 641. 31 642. 13 The rules for calculating these values are as follows (these are dictated by the frequency conversion datatype (ECONV)): †¢ If ECONV = AVERAGE (example USGDP†¦D) – the actual quarterly number is placed in the mid-month of the quarter, and the intervening two months are linearly interpolated between the adjacent midquarter numbers. If ECONV = END POINT (example US64MGTLA – mortgage debt of the US financial sector), the actual quarterly number is placed in the last month of the qu arter, and then the intervening two months are linearly interpolated. †¢ If ECONV = SUM (example EKGDP†¦D), one third of the quarterly number is placed in the mid-month of each quarter, and the intervening two months are linearly interpolated between the mid-quarter numbers. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 0 Annual series can be similarly represented at either a monthly or quarterly frequency using CSR#(series,M) or CSR#(series,Q). This new function allows a closer analysis of quarterly series on a monthly basis. For example if we correlate European Union total GDP (EXGDP†¦D) against United States GDP (USGDP†¦D), over the last ten years using a range of monthly lags, we find that the highest correlation, of 0. 99707, is with an 11-month lag of the US series.Note: These new parameters will be fully supported in a later version of the Advance interface – but can be used now either directly in AFO, or in the expression builder (where the mes sage that the parameter is unknown can be ignored). The economics magnitude (ESMAG) datatype, which displays the magnitude of the data as a number, eg 1000 for thousand, 1000000 for million, etc, has been enhanced so that it is now supported in Datastream expressions.This is useful for displaying a set of economic series data in the same units. In the example below, the total exports of visible goods for a selection of countries are displayed in millions of dollars for the year 2007 total. This is achieved by using the calendar year sum function CYS, converting all series to dollars using the tilde, multiplying by ESMAG and dividing by 1,000,000. In the analysis below the top three countries are (in order) Germany, China and United States.EXPORTS IN CURRENT PRICES TYPE AGEXPGDSA AUEXPGDSA CNEXPGDSB CHEXPGDSA FREXPGDSB BDEXPGDSB HKEXPGDSA INEXPGDSA IDEXPGDSA IREXPGDSA ITEXPGDSB JPEXPGDSB KOEXPGDSA MYEXPGDSA MXEXPGDSA NLEXPGDSA NZEXPGDSA NWEXPGDSA RSEXPGDSA SPEXPGDSA SAEXPGDSA ESEXPGD SA SDEXPGDSB SWEXPGDSA TWEXPGDSA THEXPGDSA UKEXPGDSA USEXPGDSB ESUNT US $ MILLION AUST $ MILLION CAN $ MILLION 100 MLN US$ EURO MILLIONS EURO BILLIONS HONG KONG MN$ IND RUPEE BLN US $ MILLION EURO THOUSANDS EURO MILLIONS YEN BILLION US $ MILLION RINGGIT MLN US $ MILLION EURO MILLIONS NZ$ MLN NRWGN KR MLN US $ MILLION SINGAPORE $’000 RAND MILLION EURO THOUSANDS SWEDISH KR MLN SWISS FRANC MLN TAIWAN $ MLN US $ MILLION ?MILLION US $ MILLION GEOGN ARGENTINA AUSTRALIA CANADA CHINA FRANCE GERMANY HONG KONG INDIA INDONESIA IRELAND ITALY JAPAN KOREA MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY RUSSIAN FEDERATION SINGAPORE SOUTH AFRICA SPAIN SWEDEN SWITZERLAND TAIWAN THAILAND UNITED KINGDOM UNITED STATES X(ESMAG) 1000000 1000000 1000000 100000000 1000000 1000000000 1000000 1000000000 1000000 1000 1000000 1000000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000 1000000 1000 1000000 1000000 1000000 1000000 1000000 1000000 ESMAG EXPORTS-MILLIONS OF DOLLARS YEAR 200 CYS# (X~U$*XESMAG/1000)/1000 55933. 98 140975. 1 417035. 5 1217869 551328. 3 1330984 344676. 1 145260. 2 113953. 7 121504 491841 713111. 3 371489 176038. 3 272044 476323. 3 26946. 69 139232. 8 355176. 7 298876. 9 69661. 69 248555. 9 169700. 5 171465. 5 246181. 4 152480 436985. 3 1163314 INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 11Two new Country datatypes (GGISO and GGISN) have been introduced on Datastream: GGISO ISO Country Code GGISN ISIN Issuer Country The following table illustrates some examples: NAME ASM PACIFIC TECH C C LAND HOLDINGS CARNIVAL EADS (PAR) FRONTLINE GARMIN INVESCO MILLICOM INTL CELU SDB NWS HOLDINGS PARTNERRE PARTYGAMING QIAGEN (XET) RENAISSANCERE HDG ROYAL CARIBBEAN CRUISES ROYAL DUTCH SHELL A(LON) MNEM K:ASMP K:QPAK U:CCL F:EADS N:FRON @GRMN U:IVZ W:MICB K:PAPO U:PRE PRTY D:QIAX U:RNR U:RCL RDSA GEOGN HONG KONG HONG KONG UNITED STATES FRANCE NORWAY UNITED STATES UNITED STATES LUXEMBOURG HONG KONG UNITED STATES UNITED KINGDOM GERMANY UNITED STATES UNITED ST ATES NETHERLANDS GGISO HK HK US FR NO US US LU HK US GB DE US US NL GGISN KY BM PA NL BM KY BM SE BM BM GI NL BM LR GBNEW INTERFACE FOR DATASTREAM CUSTOM USER-CREATED INDICES IN DEVELOPMENT Datastream has provided facilities for creating your own custom indices for a number of years, through an integrated interface in Advance and Advance for Office (AFO) and a more comprehensive terminal interface. These indices are used extensively for evaluating different investment strategies and for use as portfolio benchmarks. We currently have in development a new Advance/AFO interface, offering a range of exciting features. These include support for an extended set of weighting methods (in addition to the current market value weighting method) – such as equal weighting, local currency, free float and using your own weights (as either a factor or a number of shares). INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 12 Index creation interface currently in developmentThe new interface w ill also facilitate the building and configuration of indices with more complex changes to their history, so in addition to supporting the importing of a set of constituents for a single point in time (either to use for the full index history, or to use going forward), these facilities will allow changes to constituents and weights at different dates to be imported directly from Excel – enabling an Excel range containing the complete history of constituent changes, reflecting either an investment strategy or specific stock selection, to be easily set up on Datastream. Equally, for indices already set up, the constituent history can be exported to Excel, and any changes made before being imported back to Datastream.We are also working on extending the set of datatypes that can be calculated for indices beyond the current list (price index, return index, market value, dividend yield and price earnings) – this will include the 15 new valuation measures that have recently been introduced for equities and Datastream equity indices. These include key measures such as sales, profits, debt, and a set of ratios such as return on equity and profit margin. Finally, in addition to supporting equities, the new interface will also support using other indices, and unit trusts as constituents. So, for example, you will be able to create a market value weighted index using thirdparty indices, Datastream indices or other custom user-created indices as their constituents. Further information will be made available via the Datastream Extranet when this new interface becomes available. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 13 COMING SOON – INTERACTIVE CHARTING 1. 6The next release of Interactive Charting will be available soon to all users of Datastream Advance . 0 and will allow users to save their own user-created â€Å"styles† for charts. Preferences for fonts, colours, chart background and line styles can be defined, stored as a style a nd then applied to any chart in the user’s library. In addition, it will now be possible to set up custom colours and store these as part of your style. Set text style for your chart title, subtitle and legend: Set colour, thickness and style of the chart lines: Custom colours can also be defined: INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 1 Save the settings with a name of your choice: INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 1 DATASTREAM EXTRANET SAMPLESThe Datastream Samples page on the Extranet is a valuable source of content and functionality-related AFO tearsheets, that highlight the breadth and depth of content within the Datastream mainframe. Over the last few months, more models have been added, making access to existing and new content sets even easier. Some of the new sheets are detailed below, visit the Extranet site at: http://extranet. datastream. com/Free_Reports/AFO_SAMPLES. htm and look for the icon for more. Indices – Worldscope Inde x Valuations This new model displays a unique set of valuation datatypes for Datastream Global Equity Indices. Sourced from Worldscope and based on a trailing 12-month period if applicable, the datatypes include such popular items as EBITDA, Enterprise Value and CAPEX. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 1Economics – Recession Bands Using the academic, two quarters of successive negative QOQ GDP growth, calculation of recession, this model allows users to select a country and overlay one of several pre-defined series such as Consumer Spending, Industrial Production and Unemployment rate figures. The chart period can be customised and a user-defined overlay series can also be utilised. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 1 Options – Implied Volatility Surface Using Datastream’s extensive Options database, this model plots the implied volatility as a function of both the strike price and time to maturity. The resulting graph shows the implied volatility for all the options on a particular underlying series. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 1Equities – Key Performance Indicators from Worldscope Effective 15 November 2007, Thomson Financial added Key Performance Indicators (KPIs) for the Hotel, Airline and Retail sectors. Initially for the Russell 3000 Index constituents, this model displays the current indicators for all qualifying constituents. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 19 CONTENT ENHANCEMENT EQUITIES AND EQUITY INDICES UPDATE This month sees the release of additional valuation datatypes for the Russell indices. Changes to the way S&P constituent data is provided are effective from 1 June 2008 and customers are advised to read this carefully and take action if required. New Shariah indices are also available from S&P and FTSE.Read on for all the details. Global Update S&P Constituent Data – End-User Agreement Now Required for Access to Constituent-Level Dat a With effect from 1 June 2008, there is a change to the way constituent data for a number of S&P constituent families is provided on a number of Thomson products, such as Datastream, DDL, Datastream Advance in T1IM. From 1 June 2008, customers wishing to continue to access constituent datatypes such as constituent weights, number of shares and free-float data are required to have a direct end-user agreement with S&P. For each index family impacted by this change, a new module is available that provides access to the restricted datatypes.The names and identifiers of each security within each constituent list are not impacted by these changes and will remain unrestricted. This change is a result of S&P no longer licensing constituent-level index data for wholesale distribution through vendors to their clients. New modules created for each of the following index families impacted by this change: S&P US indices This includes the S&P 500, S&P MidCap 400, S&P SmallCap 600, S&P Composite 1500, S&P 1000, S&P 900, S&P 100, S&P REIT Composite, S&P Citigroup Style and all underlying sector, industry and style indices. S&P Australia This includes the S&P/ASX 50, S&P/ASX 100, S&P/ASX 200, S&P/ASX 300 and All Ordinaries Indices and all underlying sector, industry and style indices.S&P Global 1200 This includes the S&P Global 1200, S&P Europe 350, S&P/Topix 150, S&P/TSX60, S&P Asia 50 and S&P Latin America 40 and all underlying sector and industry indices. S&P/MIB This includes the S&P/MIB index. S&P/HKEx This includes the S&P/HKEx Hong Kong indices including the S&P/HKEx Composite index. S&P/Japan This includes the S&P Topix 150 index. Restricted Constituent List Datatypes From 1 June 200, the following datatypes are available only in the new modules. The restrictions also apply to these constituent datatypes provided for S&P historical constituent lists. Please note that not all datatypes are available or valid for all the S&P index families detailed above.A more detaile d list, along with all the constituent list mnemonics, is provided on the Datastream Extranet. The names and identifiers of each security within each constituent list are not impacted by these changes and remain unrestricted. DATATYPE WTIDX PIDX NSIDX FFIDX MVIDX CFIDX AFIDX CLS1 CLS1N CLS2 CLS2N CLS3 CLS3N CLS4 CLS4N DESCRIPTION CONSTITUENT WEIGHT PRICE OF EACH CONSTITUENT IN THE INDEX NUMBER OF SHARES INCLUDED IN THE INDEX FREE-FLOAT FACTOR OF EACH CONSTITUENT IN THE INDEX MARKET VALUE OF EACH CONSTITUENT IN THE INDEX CAPPING FACTOR ADJUSTMENT FACTOR GICS SECTOR CODE GICS SECTOR NAME GICS INDUSTRY GROUP CODE GICS INDUSTRY GROUP NAME GICS INDUSTRY CODE GICS INDUSTRY NAME GICS SUB-INDUSTRY CODE GICS SUB-INDUSTRY NAMEACTION REQUIRED In order to minimise the impact of these changes, it is advisable that you review as soon as possible if you wish to continue to access the above constituent list datatypes. If you do, you should contact S&P to discuss this or complete the form in the att ached notification and send it to S&P: http://extranet. datastream. com/data/Equity%20indices/ If you wish to discuss this directly with S&P, please contact one of the following: Americas: Maureen O’Shea EMEA: John Davies Asia: Angeline Choo ANZ: Guy Maguire Japan: Uchi Seiichiro Shariah Indices maureen_o’[email  protected] com +212 438 6174 [email  protected] com +44 (0)20 7176 8456 [email  protected] com +65 6239 6318 [email  protected] com +61 292 559 822 [email  protected] com +813 4550 8568 INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 21 A number of new Shariah indices are now available on Datastream. S&P Pan-Asia Shariah index The stocks for this index are drawn from the Asian country indices in the S&P/Citigroup Global Equity Index series, excluding Australia, Japan and New Zealand. Stocks for the universe must have at least US$ 1 billion in float-adjusted market capitalisation. The number of stocks, for Shariah screening purposes, is limited to t he top 15 from each country that exceeds the US$1 billion market capitalisation threshold.Each month a universe of stocks conforming to these criteria, selected once a year on 31 March, is screened for Shariah compliance to form this index. The countries eligible for inclusion in this index are China, Hong Kong, India, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand. S&P Global and World Property Shariah index The S&P/Citigroup Global Property index represents and measures the investable universe of publicly traded property companies from developed and emerging markets. The constituents are companies engaged in a wide range of real estate related activities, such as property management, development, rental and investment.The component REIT stocks, in particular, include property trusts that invest in physical real estate assets and other pass-through vehicles. The S&P/Citigroup World Property Index is a subset of the Global Property Index and includes companies fr om the developed markets only. Each month a universe of stocks conforming to these criteria, selected once a year on 31 March, is screened for Shariah compliance to form these indices. INDEX NAME S&P PAN-ASIA SHARIAH $ S&P PAN-ASIA SHARIAH E S&P WORLD PROPERTY SHARIAH $ S&P WORLD PROPERTY SHARIAH E S&P GLOBAL PROPERTY SHARIAH $ S&P GLOBAL PROPERTY SHARIAH E MNEMONIC SPSHPA$ SPSHPAE SPWPRS$ SPWPRSE SPGPRS$ SPGPRSEDATATYPE PI, RI, NR, MV PI, RI, NR, MV PI, RI, NR, MV PI, RI, NR, MV PI, RI, NR, MV PI, RI, NR, MV START DATE 29/12/06 29/12/06 29/12/06 29/12/06 29/12/06 29/12/06 INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 22 FTSE Shariah Japan 100 $ index FTSE extended its FTSE Shariah Global Equity index family on 3 March 2008 with the release of the FTSE Shariah Japan 100 $ index. This index represents the performance of the 100 biggest Shariah-compliant companies by full market capitalisation, that are included in FTSE Japan index. The index is calculated in USD and history is av ailable from 3 March 2008. The index mnemonic is FSJP10$. Further information can be found on: http://www. ftse. om/Indices/FTSE_Shariah_Global_Equity_Index_Series/ Downloads/FTSE_Shariah_Japan_100_USD_Valuation. pdf USA Update Russell – Additional Datatypes for Benchmark Indices Thomson Reuters has released new datatypes for the Russell Benchmark indices. The new datatypes include price to book value (BP), price to cash flow (PC), price to sales (PS), return on equity (RE) and return on assets (AR), and complement the existing coverage of price earnings ratio (PE), dividend yield (DY) and market value (MY) for the same indices. Customers who have access to the existing Russell Standard or Russell Premier pass-through modules will be able to access the new datatypes. Click on this link for more details: http://extranet. datastream. om/data/Equity%20indices/documents/Russellreleasemessagev2. doc The valuation ratios are updated at approximately 09:00 GMT on every sixth busines s day of the following month. INDEX DESCRIPTION RUSSELL TOP 50 RUSSELL TOP 200 RUSSELL TOP 200 GROWTH RUSSELL TOP 200 VALUE RUSSELL 1000 RUSSELL 1000 GROWTH RUSSELL 1000 VALUE RUSSELL 2000 RUSSELL 2000 GROWTH RUSSELL 2000 VALUE RUSSELL 2500 INDEX MNEMONIC RRUST50 RRUS200 RRUS20G RRUS20V RRUSS1L RRUS1GR RRUS1VA RRUSS2L RRUS2GR RRUS2VA RRUS250 DATATYPES PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PCBASE DATE 30/01/1998 31/01/2002 29/12/1978 31/01/2002 31/03/1986 31/01/2002 31/03/1986 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 23 RUSSELL 2500 GROWTH RUSSELL 2500 VALUE RUSSELL 3000 RUSSELL 3000 GROWTH RUSSELL 3000 VALUE RUSSELL 3000E RUSSELL 3000E GROWTH RUSSELL 3000E V ALUE RUSSELL SMALL CAP COMPLETENESS RUSSELL SMALL CAP COMPLETENESS GROWTH RUSSELL SMALL CAP COMPLETENESS VALUE RUSSELL MIDCAP RUSSELL MIDCAP GROWTH RUSSELL MIDCAP VALUE RUSSELL MICROCAP RUSSELL MICROCAP GROWTH RUSSELL MICROCAP VALUE RRUS25G RRUS25V RRUSS3L RRUS3GR RRUS3VA RR3000E RR30GRE RR30VAE RRS3XSD RRS3GXD RRS3VXD RRUSMID RRUSMIG RRUSMIV RRUSMIC RRUSMGR RRUSMVAPS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC 31/03/1986 31/01/2002 31/03/1986 31/01/2002 29/12/1978 31/01/2002 30/03/1979 31/01/2002 30/03/1979 31/01/2002 30/06/2005 30/06/2005 30/06/2006 30/06/2006 30/06/2006 30/06/2006 31/12/1979 31/01/2002 31/12/1979 31/01/2002 31/12/1979 31/01/2002 29/12/1978 31/01/2002 31/03/1986 31/01/2002 31/03/1986 31/01/2002 30/06/2005 30/0 6/2005 30/06/2006 30/06/2006 30/06/2006 30/06/2006Global Property Research Two new indices from Global Property Research are now available on Datastream. History is available from 28 March 2008. INDEX NAME GPR 250 PSI CHINA GPR 250 PSI CHINA E GPR 250 PSI CHINA $ GPR 250 REIT CHINA GPR 250 REIT CHINA E GPR 250 REIT CHINA $ MNEMONIC GPR2CHL GPR2CHE GPR2CH$ GPRRCHL GPRRCHE GPRRCH$ DATATYPE PI, RI, MV, DY, NE PI, RI, MV, DY, NE PI, RI, MV, DY, NE PI, RI, MV, DY, NE PI, RI, MV, DY, NE PI, RI, MV, DY, NE INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 2 Middle East Update Jordan – Additional Equity Datatypes Thomson Reuters has released additional Jordan unadjusted price datatypes on Datastream from 18 March 2008.The additional equity datatypes are: †¢ Unadjusted price ask (UPA) †¢ Unadjusted price bid (UPB) †¢ Unadjusted price high (UPH) †¢ Unadjusted price low (UPL) †¢ Unadjusted price open (UPO) †¢ Unadjusted trade volume (UVO) The Jordan stocks currently covered on Datastream can be found in the list FJORD. The prices are updated at approximately 12:30 GMT. Asia Update Thailand – Additional Datatypes Market value (MV) is now available for all Thailand Stock Exchange indices. History is available from 25 December 2007. In addition to the MV data, other datatypes are also now available for the Thai Industry Group Indices – these are: PE, BP, DY, MV, VO and VA. History is available from 25 December 2007.Thailand Benchmark and Sector Indices INDEX NAME BANGKOK SET BANGKOK SET 50 BANGKOK SET 100 THAILAND MAI THAILAND SE AGRIBUSINESS THAILAND SE FOOD AND BEVERAGE THAILAND SE FASHION THAILAND SE HOME & OFFICE PRODUCTS THAILAND SE PERSONAL PRODUCTS & PHARMACEUTICALS THAILAND SE BANKING THAILAND SE FINANCE AND SECURITIES THAILAND SE INSURANCE THAILAND SE AUTOMOTIVE THAILAND SE INDUSTRIAL MATERIALS & MACHINERY THAILAND SE PACKAGING THAILAND SE PAPER & PRINTING MATERIALS THAILAND SE PETROCHEMICALS & CHEMICALS THAILAND SE CONSTRUCTION MATERIALS THAILAND SE PROPERTY DEVELOPMENT THAILAND SE ENERGY & UTILITIES THAILAND SE MINING THAILAND SE COMMERCE THAILAND SE HEALTH CARE SERVICES THAILAND SE MEDIA & PUBLISHING THAILAND SE PROFESSIONAL SERVICES THAILAND SE TOURISM & LEISURE THAILAND SE TRANSPORTATION & LOGISTICS THAILAND SE ELECTRONIC COMPONENTS THAILAND SE INFORMATION & COMMUNICATION TECHNOLOGY MNEMONIC BNGKSET BNGKS50 BNGK100 BNGKMAI BNGKAGR BNGKFDI BNGKFHN BNGKHHG BNGKPPH BNGKBNK BNGKFIN BNGKINS BNGKAUT BNGKIMM BNGKPAK BNGKPPM BNGKPET BNGKCTR BNGKPDV BNGKENG BNGKMIN BNGKCOM BNGKHCS BNGKENR BNGKPFS BNGKHOT BNGKTLO BNGKELC BNGKCMM DATATYPE MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 2 Thailand Industry Group IndicesINDEX NAME THAILAND SE AGRO & FOOD INDUSTRY THAILAND SE CONSUMER PRODUCTS THAILAND SE FINANCIALS THAILAND SE INDUSTRIALS THAILAND SE PROPERTY & CONSTRUCTION THAILAND SE RESOURCES THAILAND SE SER VICES THAILAND SE TECHNOLOGY MNEMONIC BNGKAGF BNGKCON BNGKFNI BNGKIND BNGKPRO BNGKRES BNGKSER BNGKTEK DATATYPE PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 2 I/B/E/S GLOBAL AGGREGATES CONTENT ENHANCEMENT – RELEASE OF ADDITIONAL MONTHLY HISTORY FOR FIVE ASIAN INDICES Thomson Reuters has released additional monthly history for five major indices in Asia to I/B/E/S Global Aggregates.Previously going back only one year, monthly history for these indices now goes as far back as January 2005, with weekly history back to January 2006 – providing even more value-added content. The five series are: COUNTRY TAIWAN TAIWAN TAIWAN MALAYSIA MALAYSIA IGA INDEX NAME TAIWAN SE WEIGHTED TAIEX TSEC TAIWAN 50 TSEC TAIWAN MIDCAP 100 KUALA LUMPUR COMPOSITE INDEX (KLCI) KUALA LUMPUR SE EMAS IGA IDENTIFIER TAIEX TSEC50 TSECMID KLCI KLEMAS DATASTREAM MNEMONIC @:TAIEX @:TASEC5 @:TAMID1 @:MYKLCI @:MYEMAS This additional history was made available with the March 2008 monthly run. For further information or assistance, please contact content. [email  protected] com or your local Thomson Datastream customer service or account team. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 2DATASTREAM DELIVERS SOUGHT-AFTER COMMODITY INFORMATION FROM PLATTS Market watchers know that commodities are now in their fifth year of a bull run, with many hitting their all-time high price over the last year or so and drawing the attention of hedge funds, investment houses and others looking to increase their portfolio weightings in this asset class. Now Thomson Datastream clients can access end-of-day commodity price assessments by way of the industry-leading Platts Dispatch product, to help them reduce risk as they make key trading decisions, value positions and analyse data. †¢ Platts, a division o f McGraw-Hill, provides industry-standard commodity price assessments that are critical elements used to settle short- and long-term OTC contracts worldwide. Renowned for their energy commodity coverage, Platts pricings help industry specialists understand commodity price trends and developments. Available on a pass-through basis, Platts Dispatch over Thomson Datastream delivers end-of-day price assessments, third-party data, and an historical database of more than 25,000 commodity time series, many with several decades of data. †¢ Platts commodities data spans: oil and shipping; petrochemicals; metals; electricity and gas; coal and emissions; data via American Petroleum Institute Statistics; and Petroleum Administration for Defense Districts’ prices. †¢ Overall, the content is available through 129 data categories, which can be chosen individually or grouped into packages, and may contain one or more of the following data attributes: high, low, bid, ask, mid-price, close and volume.Frequency of series ranges from daily, weekly, monthly or infrequently – priced when an event occurs. †¢ Clients subscribing to Platts content through Thomson Datastream will be able to use its existing functionality and integrate this content with other available leading Thomson Datastream content sets. All clients must maintain a direct agreement, which must be in place with Platts prior to the client being entitled to its data. More information on the data and how clients can obtain an agreement for it can be found on: http://extranet. datastream. com/data/Commodities/Index. htm INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 2 METALS EXPANSION COVERAGEThomson Reuters has expanded Datastream’s metal coverage with an additional 00 new time series, covering Asian metal spot prices with a distinct focus on the Chinese market and the inclusion of steel price indices and other steel-related products. Customers can now access CRU Steel price ind ices for semi-finished and finished carbon steel products, known to be the most widely used benchmarks in the world steel industry. Complementing these indices are SteelHome’s China Steel price indices. In additional to steel indices, Chinese metal prices from local steelmakers with the following characteristics are now available: †¢ Stainless steel †¢ Coke/coal †¢ Iron ore †¢ Pig iron/scrap †¢ Wire rod/rebar †¢ Medium plates †¢ CR/HR †¢ Section †¢ Ferro-alloy/non-ferrous INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 29Further expansion with a focus on Asian metal prices is now available for the following categories: †¢ Base metals †¢ Minor metals †¢ Rare earths †¢ Ferro-alloys †¢ Refractories †¢ Iron and steel Chinese Base Metals Comparison INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 30 ECONOMICS ROUND-UP New Series More than 3,000 series have recently been added to the Economics database, w ith particular emphasis on more detail in key coverage areas such as international trade. Some of the highlights are summarised below, with links given to the relevant Content Updates on the Datastream Extranet, where more information and series listings are available. Trade Detail for Turkey More than 300 commodity trade series are now available for Turkey, as sourced from the Turkish Statistical Institute.Import and export coverage is given by three different classification schemes: Broad Economic Categories, International Standard Industrial Classification (ISIC) and Standard International Trade Classification (SITC). Also added were trade by country series. All data is monthly, most with start dates from January 1996. (See Content Updates #2780, 2791, 2794 and 2819. ) Trade detail has also been recently added for France and Brazil. See the table below. Confidence Surveys for Indonesia Series from the Bank of Indonesia’s surveys on business and consumer expectations have b een released on Thomson Datastream. The new data includes information about business conditions during the current quarter, as well as expectations for the following quarter, by industry. Concepts covered are business activities, selling prices and usage of labour. 2772) The consumer survey is headlined with three indices – Consumer Confidence Index (CCI), Current Economic Condition Index (CECI) and the Consumer Expectation Index (CEI). Also available are price expectations of major commodities in three and six months’ time, consumption plans and appraisal of economic conditions. (2769) In the News †¢ US Housing House purchase price indices, produced by the Office of Federal Housing Enterprise Oversight (OFHEO), are now available. Data is reported for the US total and nine Census divisions on a quarterly basis. (2824) †¢ Energy in China Series detailing consumption of energy fuels and electricity by industry have been added.The statistics are annual, as repor ted by National Bureau of Statistics of China (NBS). (2775) The table overleaf itemises the new data releases that have been made over the last two months. The table provides access links to the original Content Update announcements on the Research Extranet, where more information is given, including series lists – just click on the description in the first column, which is a hyperlink. Also provided are Navigator citations and links – referring to locations in Thomson Datastream Navigator, Explorer for Economics, where the relevant series are shown. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 31 New Series by Region # Series Content Navigator Location Added Update #See Explorer for Economics> National Sources 129 6 7 18 7 16 5 15 54 40 2867 2880 2847 2837 2833 2835 2853 2879 2796 2824 Brazil > External Sector > Imports and Exports > Trade by Commodity Brazil > External Sector > International Reserves Brazil > Money and Finance > Money Supply Chile > Key Indicato rs Chile > External Sector > External Investment & Debt Chile > Government Sector > Government Surplus/Deficit Chile > External Sector > International Reserves Colombia > Industry Sector > Housing and Construction Detail United States > Money & Finance > Banking (MFIs) > FDIC Quarterly Banking Profile United States > Industry Sector > Housing & Construction Detail > OFHEO House Price Index AmericasBrazilian External Trade by Commodity Brazilian International Reserve Assets Brazilian Money Supply Components Chilean Consumer Credit and Bank Lending Chilean External Debt Chilean Government Accounts Chilean Official Reserves Colombian Housing Construction by Cities US FDIC Quarterly Banking Profile US OFHEO Purchase-Only House Price Indices Asia Chinese Energy Series Indonesian Business Survey series Indonesian Consumer Confidence Survey Indonesian Retail Sales Survey series Japanese Lease Series 73 104 83 16 15 2775 2772 2769 2774 2844 See Explorer for Economics > National Sources Chin a > Industry Sector > Other Industry detail > Energy Indonesia > Surveys & Cyclical Indexes > Business Surveys Indonesia > Surveys & Cyclical Indexes > Consumer Surveys Indonesia > Surveys & Cyclical Indexes > Retail Sales Survey Japan – Premium Service > Industry Sector > Other Industry Detail > Machinery & Equipment > Equipment Leasing & PurchasesJapanese Motor Vehicle Imports Japanese Treasury Funds Receipts & Payments Balances with the Private Sector Malaysian Bank Lending Malaysian Foreign Reserves Malaysian Manufacturing Sales Value New Zealand Manufacturing Survey series Thailand Non-Performing Loans 11 29 2763 2770 Japan – Premium Service > Industry Sector > Automobiles & Transport Detail > Vehicle Imports Japan – Premium Service > Government Sector > Treasury Funds Balance of Receipts & Payments with the Private Sector 25 6 1 48 16 2825 2797 2839 2785 2832 Malaysia > Money & Finance > Banking (MFIs) Malaysia > Money & Finance > International Reserves > Monthly series Malaysia > Industry Sector> Industrial Production > Manufacturing Production and Sales New Zealand > Industry Sector > Sales, Orders, Inventories Thailand > Money & Finance > Banking (MFIs) > Non-Performing Loans EuropeAustria Producer Price Index Austrian Labour Market Austrian Wholesale, Retail Trade and Services Bulgarian National Accounts Danish Gross Fixed Capital Formation Finnish Gross Fixed Capital Formation – Construction French External Trade Statistics by Commodity & Area Netherlands Government Sector series Netherlands Seasonally Adjusted Quarterly Industrial Production Series Portuguese Employment and Industrial Sales Turnover Portuguese Government Revenue and Expenditure Romanian Consumer Price Index Romanian Wages and Earnings Slovak National Accounts Spanish International Reserves United Kingdom Detailed Index of Production 63 23 14 315 49 6 165 2873 2802 2852 2779 2789 2877 2857 35 39 90 8 12 20 298 35 12 2812 2868 2850 2859 2818 2826 2861 2810 2790See Explorer for Economics > National Sources Austria > Prices > Producer Prices Austria > Labour Market > Employment & Hours Austria > Industry Sector > Sales, Orders, Inventories > Retail Sales and other lists Bulgaria > National Accounts > GDP by industry Denmark > National Accounts > Investment/Capital Formation various lists Finland > National Accounts > Investment/Capital Formation France > External Sector > Imports & Exports > Trade by Commodity various lists Netherlands > Government Sector Netherlands > Industry Sector > Industrial Production & Utilisation > Production Indices SA Portugal > Labour Market > Employment & Hours and Wages & Earnings Portugal > Industry Sector > Sales, Orders, Inventories Portugal > Government Sector > Government Surplus/Deficit Romania > Prices > Consumer Prices Romania > Labour Market > Wages & Earnings Slovakia > National Accounts > GDP by Expenditure Spain > External Sector > International Reserves United Kingdom > Industry Sector > Indu strial Production & Utilisation > Main Indicators > Seasonally Adjusted and Not Seasonally Adjusted INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 32 New Series by Region # Series Content Navigator Location Added Update #See Explorer for Economics > International Sources – History 230 2754 European Commission > Business and Consumer Surveys various lists Eurozone European Commission Aggregate Series for Eurozone 15 #5 – Business & Consumer Surveys ECB Aggregate Series for Eurozone 15 #6 – Prices and Labour Market ECB Aggregate Series for Eurozone 15 #7 – Retail Sales 10 2855 15 2845 European Central Bank > ECB Monthly Bulletin > Prices, Output, Demand and Labour Markets > Labour Market and HICP, Other Prices and Costs European Central Bank > ECB Monthly Bulletin > Prices, Output, Demand and Labour Markets > Output and Demand Middle East & AfricaEgyptian Foreign Direct Investment by Area Egyptian Remittances Israel Wages and Employee Posts Israeli Natio nal Accounts South Africa Energy Statistics Turkish Foreign Trade by Commodity (Broad Economic Categories) Turkish Foreign Trade by Commodity (ISIC Classification) Turkish Foreign Trade by Commodity (SITC) Turkish Foreign Trade by Country 77 152 45 2791 2794 2819 31 21 99 198 10 42 2860 2838 2764 2752 2854 2780 See Explorer for Economics > National Sources Egypt > External Sector > External Investment & Debt Egypt > Labour Market > Wages and Earnings Israel > Labour Market > Employment & Hours and Wages & Warnings Israel > National Accounts > GDP by Expenditure South Africa > Industry Sector > Other Industry Detail Turkey > External Sector > Imports & Exports > Trade by Commodity > Imports and ExportsTurkey > External Sector > Imports & Exports > Trade by Commodity > Imports and Exports Turkey > External Sector > Imports & Exports > Trade by Commodity > Imports and Exports Turkey > External Sector > Imports & Exports > Trade by Country International OECD Main Economic Indicators â⠂¬â€œ February 2008 24 2768 See Explorer for Economics > International Sources – History OECD Main Economic Indicators > Indicators for OECD Zones and Indicators for OECD NonMember Countries various lists OECD Main Economic Indicators – March 2008 8 2834 OECD Main Economic Indicators > Indicators for OECD Member Countries and Indicators for OECD Non-Member Countries various lists INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 33Revisions and Methodology Changes It has been a busy period, with revisions to US seasonally adjusted data and index rebasings in a number of markets. Other more substantive changes have been made to balance of payments and the trade-weighted exchange rate for Euroland, household interest rates for the UK, Flow of Funds and Household Economy Survey for Japan, and unemployment statistics for Denmark. The following table summarises the revisions that have taken place in the last two months. Please refer to the Content Update itself (hyperlinked from the table) for further information and mnemonics of affected series. Country Revised Data Content Update # Changes to Economic SeriesAustralia Austria Denmark Euroland Israel Italy Japan Australian Construction Work Done Revised Australian Labour Force Survey Revised Austrian Wages Rebased Danish Unemployment Methodology Changed ECB Effective Exchange Rates Redefined Eurozone Monthly Balance of Payments Changed Israeli Wages and Employment Data Revised Italian External Trade Index Rebased Japan Electronic Equipment Market Size and Demand Forecasts Changed Japan Flow of Funds Accounts Series Methodology Changed Rebased Japanese Household Economy Survey Partly Discontinued Japan Real & Nominal Effective Exchange Rates Redefined Philippines South Korea Philippine Industrial Production Indices Rebased Philippine Producer Price Indices Rebased South Korean Business Indicator Composite Indices Rebased South Korean Housing Purchase Price Index Rebased South Korean Industrial Producti on Rebased South Korean Manufacturing Production Rebased & Changed South Korean Retail Sales Rebased South Korean Service Industry Index Rebased Sweden Taiwan Thailand Turkey UK USA Swedish Retail Sales Index Rebased Taiwanese Price Indices Rebased Thai External Trade & Terms of Trade Index Rebased Turkish National Accounts Rebased UK Bank of England Household Interest Rates Changed US Industrial Production & Capacity Utilization Revised US Seasonally Adjusted Consumer Price Indices Revised US Seasonally Adjusted Existing Home Sales Revised US Seasonally Adjusted Pending Home Sales Revised US Seasonally Adjusted Producer Price Indices Revised US Seasonally Adjusted Unemployment Insurance Claims Revised US Wholesale Trade: Sales and Inventories Revised 2792 2848 2827 2842 2760 2820 2759 2858 2849 2869 2878 2846 2757 2876 2821 2805 2799 2811 2813 2809 2806 2800 2767 2828 2836 2864 2882 2762 2784 2804 2781 2871 2872 INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 3 Key Indicator Cha nges The Economics team continues to review Key Indicator selections for each market, in order to add more, ensure the best selection and bring more consistency across countries. See below for recent additions and hyperlinks to relevant Content Updates, where more information is given. Key Indicator ChangeAustria Consumer Credit Added Austria International Reserves Selection Changed Austria Producer Prices Selection Changed Chilean Consumer Credit and Bank Lending Added Israeli Employment and Wages Selection Changed Polish Producer Price Index Resourced Romanian Producer Price Index Now on Fixed Base Swedish Business Confidence Indicators Selection Changed Thai Bank Loans Series Added Mnemonics OECRDCONA OERESERVA OEPROPRCF CLCRDCONA & CLBANKLPA POPROPRCF RMPROPRCF SDCNFBUSR & SDCNFBUSQ THBNKLONA Content Update # 2822 2807 2843 2837 2766 2793 2798 2773 ISWAGES. E, ISWAGMANF & ISEMPALLG 2758 Interest Rates Repo Rates for Thailand Four bilateral repurchase rates, as released by the Ba nk of Thailand, are now available. The series are weighted average rates with 1, 7, 14 and 30-day terms.The Bilateral Repurchase Operation is conducted through appointed Bilateral Primary Dealers and helps in stimulating the private repurchase market. Repurchase transactions are used by the bank to temporarily add or drain reserves available in the banking system. Mnemonics are as follows: Description THAILAND BILATERAL REPO RATE 1 DAY THAILAND BILATERAL REPO RATE 7 DAY THAILAND BILATERAL REPO RATE 14 DAY THAILAND BILATERAL REPO RATE 30 DAY DS Mnemonic THBRP1D THBRP7D THBRP2W THBRP1M Datatype IR IR IR IR INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 3 NEW VALUATION RATIOS RELEASED IN MARCH March saw the release of 1 new valuation ratios on Thomson Datastream.These ratios are calculated on the equity level as well as the industry, sector, country and regional levels of the Datastream Indices, and allow a great number of data comparisons to highlight trends which previously woul d have needed compilation of data before use. In brief, these ratios are based on the Worldscope database items and using wherever possible the latest interim data on a 12-month trailing basis. The full methodology is described in the following link on the Extranet: http://extranet. datastream. com/data/Equities/documents/DatastreamGlobalEquityIndicesvaluationdatatypes-rulesvs4final. pdf INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 3 So what can we do with these ratios?You can compare a company to its industry, locally and regionally, as is illustrated here using Return on Equity. About Martek Biosciences Corporation Founded in 1985, the group’s principal activity is to develop, manufacture and sell naturally produced products derived from micro-algae, fungi and other microbes. The group’s products and services include speciality, nutritional oils for infant formula, nutritional supplements and food ingredients to promote mental and cardiovascular health, fluores cent markers for diagnostics, rapid miniaturised screening and gene and protein detection. Its ROE is compared here with the US Food & the World Food industries.You can also †¦make sector comparisons across different regions of the world using the regional-level aggregates Here we have compared the Capital Expenditure of the Pharmaceutical industry in various regions: Europe, USA, Far East and World. Capital expenditure for USA and Europe represents almost 90% of the capex spent in that industry worldwide, and it’s interesting to see how the drop in US relative capex has been totally mirrored by an increase in Europe’s importance in this domain. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 3 †¦or look at a particular sector in a different light, using here the Interest coverage ratio to illustrate the Turkish Telecom Sector and its ability to repay debt Interest charge coverage, also called interest coverage ratio, is defined by EBIT divided by the inte rest expense for each period.It indicates the ability of the company (or in this case the sector) to repay its debt using the income generated by the business. Levels above 3 are considered having a strong ability to repay debt, while businesses whose ratio drops below 1. 5 (red line on the chart) are considered risky. It’s interesting to show how the sector market index started picking up once the interest coverage ratio moved above 3 towards the end of 2004. This is also when the sector was open to competition. New licences were granted to 16 suppliers of data transmission services in fixed telephony. Further steps towards liberalisation and breaking up of the monopoly were taken in 2005/06 by the sale of Turk Telekom.Vodafone repurchased Telsim, the second largest mobile phone operator. The Turkish telecommunications network continued to grow, currently ranked the 13th largest market in the world and fifth in Europe. INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 3 COM PANY ADDITIONS TO WORLDSCOPE During February and March over 00 companies were added to the Worldscope Database. These additions included 112 US Companies and a continuing expansion of coverage of Middle Eastern markets. Also, Nigeria was added to our country coverage. Worldscope’s total coverage at 8th April 2008 consisted of 56,448 companies, 36,508 of which were active companies. 10,172 of these companies are Limited data set companies (8,064 active).COUNTRY ARGENTINA AUSTRALIA AUSTRIA BAHRAIN BELGIUM BERMUDA BRAZIL CANADA CAYMAN ISLANDS CHILE CHINA COLOMBIA CZECH REPUBLIC DENMARK EGYPT ESTONIA FINLAND FRANCE GERMANY GREECE HONG KONG HUNGARY ICELAND INDIA INDONESIA IRELAND ISRAEL ITALY JAPAN JORDAN KOREA (SOUTH) KUWAIT LITHUANIA LUXEMBOURG MALAYSIA MEXICO MOROCCO NETHERLANDS TOTAL 0 FEB 200 113 2490 203 35 286 82 602 2524 28 261 1903 54 82 330 59 7 238 1657 1550 401 1168 46 19 2102 401 158 225 525 4816 30 1154 87 3 68 1208 227 26 408 COMPANIES ADDED FEB-MAR 200 5 25 1 5 5 1 2 15 2 3 50 0 1 0 3 0 0 13 4 0 4 5 0 26 8 0 2 6 37 5 17 9 0 0 4 2 0 1 ACTIVE  APR 200 86 1912 105 40 148 76 386 1598 22 218 1895 35 20 170 55 7 138 866 1052 288 1022 29 17 2023 359 79 186 295 3971 35 974 96 3 46 1002 132 24 212 INACTIVE  APR 200 32 603 99 0 143 7 218 941 8 46 58 19 63 160 7 0 100 804 502 113 150 22 2 105 50 79 41 236 882 0 197 0 0 22 210 97 2 197 TOTAL  APR 200 118 2515 204 40 291 83 604 2539 30 264 1953 54 83 330 62 7 238 1670 1554 401 1172 51 19 2128 409 158 227 531 4853 35 1171 96 3 68 1212 229 26 409 INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 39NEW ZEALAND NIGERIA NORWAY PAKISTAN PERU PHILIPPINES POLAND PORTUGAL QATAR RUSSIAN FEDERATION SAUDI ARABIA SINGAPORE SLOVAKIA SLOVENIA SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND TURKEY UNITED ARAB EMIRATES UNITED KINGDOM UNITED STATES VENEZUELA VIRGIN ISLANDS (BRITISH ZIMBABWE OVERALL TOTALS 202 0 409 152 103 263 263 144 35 123 55 772 25 11 843 316 34 607 437 1685 639 263 36 4563 181 92 50 13 30 1 3 5 5 2 13 2 21 1 1 33 24 9 0 1 20 5 2 6 1 35 5 0 13 23 112 0 0 4 0 114 5 193 130 86 241 246 60 36 141 79 647 10 12 370 150 32 330 275 1500 535 230 48 2298 9039 35 12 32 30 91 0 221 24 30 24 38 85 0 15 0 134 15 0 493 171 4 283 163 220 109 33 1 2288 9265 15 1 2 1990 205 5 414 154 116 265 284 145 36 156 79 781 25 12 863 321 36 613 438 1720 644 263 49 4586 18304 50 13 34  INFOSTREAM MAY/JUN 2008  © THOMSON REUTERS 2008 0 CONTRIBUTORS PRODUCT MANAGEMENT PAUL BACON DATAFEEDS paul. [email  protected] com +44 (0)20 7324 6873 JULIAN RICKARDS DATASTREAM ADVANCE, DSWINDOWS, DSDDE julian. [email  protected] com +44 (0)20 7336 1944 CASEY PEARCE DATASTREAM INTERACTIVE CHARTING casey. [email  protected] com +44 (0)20 7324 9359 IAN BROCKLEHURST THOMSON ONE INVESTMENT MANAGEMENT SOLUTIONS ian. [email  protected] com +44 (0)20 7324 8890 DAVID BERNARD THOMSON ONE INVESTMENT BANKING SOLUTIONS david. [email  protected] com +44 (0)20 7336 1930 STEVE KELLY THOMSON EXTEL SURVEYS steve. [email  protected] com +44 (0)20 7324 9200 CONTENT MANAGEMENTNICOLAS DE LAURENS CASTELET GLOBAL CONTENT SOLUTIONS nicolas. [email  protected] com +44 (0)20 7336 1950 STEPHEN CARTER COMPANY ACCOUNTS stephen. [email  protected] com +44 (0)29 2063 1943 ANNE SIEBER EQUITIES, EQUITY INDICES, FUNDS & 3RD-PARTY DATA anne. [email  protected] com +44 (0)20 7324 9741 JAMES BRIGHT I/B/E/S GLOBAL AGGREGATES ESTIMATES DATA james. [email  protected] com +44 (0)20 7324 9600 NELSON SALSINHA DERIVATIVES & COMMODITIES nelson. [email  protected] com +44 (0)20 7324 9455 MADELEINE DISARIO ECONOMICS madeleine. [email  protected] com +1 301 545 4255 TONY MCCORMACK FIXED INCOME tony. [email  protected] com +44 (0)20 7014 1232

Autobiography Essay Example | Topics and Well Written Essays - 500 words - 3

Autobiography - Essay Example It was an event that shifted my life forever because I learned to be more responsible. From the start, I had made it clear I wanted to join Shanghai politics. When I announced to my parents that I had joined the army, they were puzzled, especially my mother. My mother told me I risked my life, and I may not live to my dream of being Shanghai’s mayor. Seeing no alternatives, I retired from the army and continued with my quest to join the Shanghai politics. I worked for the community, for instance, one day I mobilized the local people to collect garbage. Towards the end of 2013, I became a member of the university’s students’ governing body. I was elected the special needs secretary. Involvement with the students’ governing body opened my eyes more, and it was a huge turning point for me. Since joining the students’ governing body, I have worked and occupied various senior positions in an acting capacity. In January this year, I was the acting president for the governing body, since the incumbent president was impeached on allegations of nepotism. Since I was a political student in the university, I applied for an internship in the office of the prime minister. As the head of communications in the Prime Minister’s office pointed out to me during the interview, I was chosen because he felt I would do my duties diligently. It proved to be a wise idea, because three weeks into the internship, the Prime Minister fired me for being a whistle blower in a corruption case in the court. I filed a grievance in the Supreme Court, but I saw it as time wastage. My involvement in the university’s politics has helped me gain fame in China. I took advantage of this situation to help the local communities in advocating their rights. Recently, my father and I participated on a demonstration to advocate the removal of the Prime Minister from office. As I write all political activities I have been

In Order to Have a Successful Organisation, the Most Important Thing Essay

In Order to Have a Successful Organisation, the Most Important Thing for Management Is to Get Culture Right - Essay Example Organizational Culture has emerged to be one of the most crucial factors that strongly influence the performance of an organization. In recent years, organizational culture has gained considerable attention from managers because of that it is extremely significant in relation to meeting the industry needs for greater effectiveness and the material and social needs of employees in order to create a constructive work-environment and foster high performance working. Organizations put efforts to develop ‘right kind of culture’, culture with quality’ or a culture of customer service’ and managers most often try to inculcate certain values in their organizations. There are widespread assumptions as better or worse cultures and stronger or weaker cultures and more importantly the ‘right’ kind of culture influence the effectiveness and success factors of the organization (Schein, 2004, p. 7). Organizational culture is the system of shared actions, values and beliefs that are developed and established within an organization and this influence its members to guide and shape their behavior (Schermerhorn, Hunt and Osborn, 2005, p. 436). As McShane and Von Glinow (2004, p. 476) noted, organizational culture refers to a basic pattern of shared values, assumptions and beliefs that are considered to be the right way of thinking and acting on problems and opportunities facing the organization. According to them, organizational culture is the DNA of an organization because it is not only invisible to the naked eye but also a very powerful template or tool that can shape what happens within an organization.... No individuals have same behavior and personality and likewise, organizations also have very different and unique culture, and therefore, organizational culture can also be termed as organization’s personality. People in any organization are considered to be the most valuable, powerful and high-valued assets and therefore utilizing these resources more effectively and strategically seems to be the underlying principle of organizational behaviour. People in an organization may belong to different cultures, social setting and life-style, but when the organization is able to create, design and establish a culture of its own by aligning and integrating the shared values among the people, the organization will also be able to be successful in achieving the goals. Do organizations require forming and structuring a specific culture and getting it right? If managers target better organizational performance, if they look at increased productivity of employees and thus to earn higher pr ofitability, if they would like to achieve high performance working and they like to maintain sustainable competitive advantages, the answer to the above question is certainly ‘yes’. Especially in today’s competitive business environment, complex marketing contexts, complicated technological advancements and in times of globalized economies, managers need to identify the organizational culture, design and structure its features, understand its significances in terms of business opportunities and evaluate its benefits to the business as well. Smircich (1983, p. 344) described that organizations are social instruments that produce goods and services and thus they produce cultural artifacts like rituals, legends and

The Cold War and McCarthyism Essay Example | Topics and Well Written Essays - 750 words

The Cold War and McCarthyism - Essay Example Social movements are, for the most part, centered on ideological shifts in society. For instance, the Red Scare of the 1940s and 1950s came about through fear of radical ideologies emerging from the Soviet Union and around the world. At this point in history, the Cold War produced fear from Americans, who constantly contemplated the possibility of nuclear war with the philosophically corrupt Soviets: a nation that the United States saw as antithetical to American values like individualism and market economies. Paired with political pressure to root out Soviet spies in the government, the Red Scare erupted and played out in scenes all over the country. The interaction of this public force with the arts community of Hollywood, however, produced the most interesting social dynamic of the whole Red Sca Politicians for possible affiliations with the socialist cause targeted film directors, playwrights, and other left-leaning artists of the era. This led to a portrayal of American society in a negative light in the artwork of these people, which has since surfaced as valuable and telling about this dark period in American history. As an example, the playwright Arthur Miller created a play in 1953 about the Salem Witch Trials called The Crucible, solely as an allegory to McCarthyism and as an attack on the Red Scare phenomenon.Joseph McCarthy, who is singled out more than any other figure in the history of the Red Scare,was a prominent Senator from the state of Wisconsin during the time... ed disloyalty and subversive activities on the part of private citizens, public employees, and those organizations suspected of having Communist ties† (Black & Hopkins, 2003). Although created in 1938, a few years before the start of World War II, the HUAC gained most of its influence during the Cold War. The HUAC often wielded its power to subpoena witness and hold people in contempt of Congress, and it pressured witnesses to surrender names and other information that could lead to the apprehension of Communists and Communist sympathizers. The Committee would brand witnesses as the enemy should they ever refuse to comply in answering questions. Joseph McCarthy used this â€Å"redbaiting† style of questioning and punishment during his own investigative hearings. Although these hearings lacked substantive proof or reason, not answering questions was treated as an admission of guilt. For this reason, countless numbers of people who appeared before the Committee during the 1940s and 1950s were â€Å"blacklisted† (Black & Hopkins, 2003). The term â€Å"blacklisting† refers generally to the process of registering individuals who, for some reason, are being denied a particular privilege or right. During the Red Scare, members of the Hollywood artistic community were blacklisted for not complying with the HUAC. The public lost faith in these towering figures in the movie industry. Parents did not want their children to see a movie in which the writer or the lead actor was a suspected communist. Some film directors, writers, and actors were put into financial ruin because of their inability to work. One of these figures was Arthur Miller, a famed playwright who wrote such works as Death of a Salesman and All My Sons. Miller found himself blacklisted when he refused to testify

The Whole Truth Essay Example | Topics and Well Written Essays - 750 words

The Whole Truth - Essay Example The DA argued for retribution for the murder and the excessive harm and attempted murder on his client which was premeditated (Pohlman, 1999). The defense attorney Michael George was a young and seemingly inexperienced defense attorney even though he was aggressive and smart. George was brought up with serious values and he was afraid of failing. He therefore accepted the case and even though he knew the DA was going for a death penalty, he was afraid he would fail his client despite the crimes he had committed. He was afraid it would look bad on his career to fail this case and hence he decided to fight the defense not for the client but for his career. George argued about his client being provoked (Pohlman, 1999). The psychological examination carried out on the defendant indicated that Carr had a problem with lesbians because he suspected his mother was a lesbian and hence has an aversion towards the lesbians. I do not agree with this examination because it was an indication of hate towards his mother being projected towards innocent victims who has constitutional right to exercise their sexual preference. Carr had not shown any friendship with the two women from the moment he met the victim whom he killed. He had followed them from the initial place they shifted from and was carrying a rifle. This was even before he found them engaging in their sexual activity and hence the fact that they were lesbians does not hold much defense for his case. He was simply looking for a secluded place and convenient time as well as an excuse to kill them and the location of the shooting which was secluded was a clear indication of that (Pohlman, 1999). Discuss the criminal justice process as experienced by Stephen Carr and Claudia Brenner (e.g., beginning with the preliminary hearing through the trial verdict). Provide examples from the book when discussing the courtroom process.

SOCIOLOGY - Intellectuals and Revolutionary Politics Term Paper

SOCIOLOGY - Intellectuals and Revolutionary Politics - Term Paper Example Adam Smith in the Wealth of Nations describes this phenomenon in the following way: â€Å"proclaimed the principle of the ‘invisible Hand’; every individual, in pursuing only his own selfish good, [is] led as if by an invisible hand, to achieve the best good for all...† (Buchholz, 1999). Thus Smith underlines that in the first place of the modern Western society is selfish interests of every individual. Everybody thinks that the more money he earns the less problems he would have. Of course, some contemporaries think that in case they had a lot of money they would share it with poor people. In reality, even if a person succeeds and gains lots of money there are only a few who share it with the poor. It also can be argued that the modern world is being developed at full speed and it is necessary to earn money to keep pace with this progress. Moreover, world’s economics is being developed following the main principle: to make the greatest profits. From this p erspective, a root of monetary obsession of the modern Westerners is involuntarily dictated by external conditions. Furthermore, from the perspective of economics it may be claimed that â€Å"Money ...provides the measuring rod of values† (Buchholz, 1999). ... In order to define values, intellectuals claimed that there was an â€Å"interior need to penetrate beyond the screen of immediate concrete experience† (Shils 1972, p. 3). In such a way, money as a value is argued by Shils for sure. This value is relevant to modern society, but ‘beyond the screen of immediate concrete experience’ it is not a value. The members of the Western society hardly realize that a deep-rooted system of values is good, but it’s not the system to be deeply rooted. For example, in the earlier society the one of the basic values and an honor was to die for one’s country. This value could hardly exist in the ‘monetized’ society nowadays. Therefore if to discuss the deep rooted system of values of the Western society it can be metaphorically explained what this really means: â€Å"Everyone has a god, but not everyone is aware of who or what that god is†Ã‚  (Buchholz, 1999). Q 2 Romantic German nationalism as a tr igger of Nazi politics The upheaval of national consciousness is triggered by intervention of aliens in the territory of a certain nation. Romanticism and ‘wars of liberation’ of different classes in Germany triggered Nazi politics. From one perspective it may seem that there is nothing in common between Romanticism and Nazism. There is a perfect explanation of German nationalism that occurred under influence of Romanticism: â€Å"When, later, the last hopes which the German patriots had rested on liberation from the foreign yoke had burst like over-blown bubbles, their spirits sought refuge in the moonlit magic night and the fairy world of dreamy longing conjured up for them by romanticism, in order to forget the gray reality of life and its shameful disappointments† (Romanticism and Nationalism). Partially, German

Response to Intervention Essay Example | Topics and Well Written Essays - 3000 words

Response to Intervention - Essay Example The case study shows how response to intervention might work in preschools. Possible advantages, problem areas, and practice implications are discussed. The promise of a response to intervention (RTI) framework stems from its focus on prevention, empirically based and sequentially designed interventions, progress monitoring, and data-based decision making. Prevention is used in two ways: (a) long-term prevention of risk and (b) specific prevention of challenging behaviors through instructional and antecedent environmental interventions (e.g., Neilsen & McEvoy, 2004). Building on discussions of RTI as a broad-spectrum model (e.g., Batsche et al., 2005), one that encompasses variables to reduce social and academic risks, this article presents RTI as a potential method of answering preschool service delivery questions. Following a presentation of a context for challenging behaviors and a RTI model that includes strategies for addressing early risk indicators, a case study demonstrates its application in a Head Start setting. Advantages, challenges, and role implications are discussed. In the present use, challenging refers to inappropriate, disturbing, or harmful behaviors that might be pervasive social excesses or deficits, situational disturbances, low activity engagement, and episodic crises. Extreme challenges have included highly aggressive children with other characteristics such as minimal language and behaviors such as elopement (e.g., Tarbox, Wallace, & Williams, 2003). Most evident has been the amount of child risk, need for family support, and the deleterious effects on classrooms (e.g., Carr, Taylor, & Robinson, 1991). In the Individuals With Disabilities Education Improvement Act of 2004 (IDEIA 04; IDEIA, 2004), these early challenges are variously referred to as emotional and behavior problems that might lead to serious emotional disturbance, possible characteristics of autism spectrum disorders, or inappropriate behaviors of children described as disabled that might require positive behavior interventions and supports. Internalizing, externalizing, or psychiatric classifications may be used. RTI provides a functional classification system that fits the challenges of young children and that may avoid inappropriate labeling (Barnett, Bell, Gilkey et al., 1999). Prevalence estimates for behavioral challenges show rates as high as 7-25% in preschool populations, with higher estimates in high-risk populations (e.g., Feil, Walker, Severson, & Ball, 2000; Qi & Kaiser, 2003). Waiting for children who are at risk to begin schooling is late for prevention and intervention as considerable research links early challenges to later serious problems of adjustment (e.g., Campbell, Pierce, March, Ewing, & Szumowski, 1994). RTI in Preschools and Head Start Foundations exist for RTI components in preschools, including systemswide early intervention, positive supports, and problem solving (IDEIA 04; Prasse, 2006). RTI principles might be applied generally in early childhood, but here we focus on a Head Start program because these programs serve children and families

Operation Management, LP-Liner Programming- Graduate Business school Assignment

Operation Management, LP-Liner Programming- Graduate Business school - Assignment Example It necessitates the assignment of insufficient resources on the basics of a specific standard of optimality (Robbins & Tuntiwongpiboon, 1989; Lorraine, Alain, & Dominique, 2006) and (Megiddo, 1991). In this connection I would like to provide an analysis of the use of the linear programming techniques and tools for the purposes of hospital management. While considering the prospective reduction in cost and effective operations of the hospital resources, hospitals are confident enough to improve services as well as management of human resources, especially in the department of surgical suite. This report is going to present the working of the tools and techniques of the linear programming for the anesthesiology nurse scheduling problem (ANSP) for a hospital of the French public. The basic purpose of application of the linear programming techniques and tools at the anesthesiology nurses issue is to better manage and assign the most of public resources among different departments (Lorraine, Alain, & Dominique, 2006; Robbins & Tuntiwongpiboon, 1989). The major area creating problem for which the methods and tools of linear programming are being applied is the working nature of hospital that is based on the cross way over surgical specialties as well as presume a range of activities. So here another problem existing is the effective provision of resources. Here major resources are shared and needed to be allocated in a better way (Lorraine, Alain, & Dominique, 2006; Robbins & Tuntiwongpiboon, 1989). So the techniques and tools formed on the basis of liner programming have absolutely provided a solution of these problems into two different ways. For the solution of the problem related to ANSP overall arrangement is programmed in the integer programming as well as constraint programming. Here the implementation of these solutions is focused to maximize the equality of the schedule and allocation (Lorraine,