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CHALLENGES to BUSINESS in the TWENTY-FIRST CENTURY Challenges to Business in the Twenty-First Century AM ERICAN ACADEMY of ARTS & SCIENCES
CHALLENGES TO BUSINESS IN THE TWENTY-FIRST CENTURY CHALLENGES TO BUSINESS IN THE TWENTY-FIRST Challenges to Business in the Twenty-First Century AM ERICAN ACADEMY OF ARTS & SCIENCES ERICAN ACADEMY OF ARTS Edited by Gerald Rosenfeld, Jay W. Lorsch, and Rakesh Khurana AMERICAN ACADEMY OF ARTS & SCIENCES AMERICAN ACADEMY OF ARTS & SCIENCES Challenges to Business in the Twenty-First Century Please direct inquiries to: American Academy of Arts and Sciences 136 Irving Street Cambridge, MA 02138-1996 Telephone: 617-576-5000 Fax: 617-576-5050 Email: [email protected] Web: www.amacad.org Challenges to Business in the Twenty-First Century Edited by Gerald Rosenfeld, Jay W. Lorsch, and Rakesh Khurana © 2011 by the American Academy of Arts and Sciences “Long-Term Financial Security” © 2011 by Roger W. Ferguson, Jr. “Challenges of Financial Innovation” © 2011 by Myron S. Scholes “Reversing the Null: Regulation, Deregulation, and the Power of Ideas” © 2011 by David A. Moss All rights reserved. Copies of this publication can be downloaded from: http://www.amacad.org/publications/Challenges.aspx. Suggested citation: Gerald Rosenfeld, Jay W. Lorsch, and Rakesh Khurana, eds., Challenges to Business in the Twenty-First Century (Cambridge, Mass.: American Academy of Arts and Sciences, 2011). Cover image © Adam Gault/Getty Images. ISBN#: 0-87724-089-2 The statements made and views expressed in this publication are solely the responsibility of the authors and are not necessarily those of the Officers and Fellows of the American Academy of Arts and Sciences. Contents 1 Introduction Gerald Rosenfeld and Leslie Cohen Berlowitz 3 Chapter 1 Long-Term Financial Security Roger W. -
P25 Layout 1
Established 1961 25 TV Sunday, October 01, 2017 18:10 The Jim Gaffigan Show 01:50 Zou 09:05 Kourtney And Khloe Take The 17:00 Sanjay And Craig 18:35 Lip Sync Battle 02:05 Art Attack Hamptons 17:24 Harvey Beaks 19:25 Impractical Jokers 02:30 Henry Hugglemonster 17:10 E!ʼs Look Book 17:48 Hunter Street 19:50 Ridiculousness Arabia 02:40 Loopdidoo 17:35 E!ʼs Look Book 18:12 Henry Danger 20:12 Friends 02:55 Henry Hugglemonster 18:05 E!ʼs Look Book 18:36 Nicky, Ricky, Dicky & Dawn 01:05 The Transporter: Refueled 00:15 Straight To The Source: Korean 00:40 The Fairy Tales Tree 20:35 Real Husbands Of Hollywood 03:10 Art Attack 18:30 E!ʼs Look Book 19:00 School Of Rock 02:50 War Of The Worlds Food 02:00 A Town Called Panic 21:00 The President Show 03:35 Loopdidoo 19:00 E! News 19:24 Game Shakers 04:55 Insurgent 00:45 David Roccoʼs Dolce Vita 03:20 Winnie The Pooh 21:30 Ridiculousness Arabia 03:50 Calimero 20:00 The E! True Hollywood Story 19:48 The Thundermans 06:55 In The Heart Of The Sea 01:10 Street Food Around The World 04:35 Bonta 22:00 The Half Hour 04:05 Art Attack 21:00 Keeping Up With The 20:12 SpongeBob SquarePants 08:55 War Of The Worlds 01:40 Raw Travel 06:00 Get Squirrely 22:25 South Park 04:30 Henry Hugglemonster Kardashians 20:36 Teenage Mutant Ninja Turtles 10:50 Insurgent 02:05 Raw Travel 07:30 Mickey, Donald, Goofy: The 3 22:50 Real Husbands Of Hollywood 04:45 Zou 22:30 WAGs Miami 21:00 The Loud House 12:50 Virtual Revolution 02:35 Dog Whisperer Musketeers 23:15 Inside Amy Schumer 05:00 Art Attack 23:30 E!ʼs Look Book 21:24 Sanjay -
Sunday, August 26, 2018
Established 1961 23 TV Sunday, August 26, 2018 04:25 English National Ballet En Paris 04:30 The Blacklist 09:25 Toddlers & Tiaras 10:00 WWII: Lost Films 20:30 Wolf vs. Bear 05:26 Looped 05:30 Harry Benson: Shoot First 05:20 Scandal 10:10 Say Yes To The Dress UK 11:00 The Universe: Ancient Mysteries 21:30 Monster Fish 05:39 Boj 07:00 Crazy About Tiffanyʼs 06:10 Good Morning America - The 10:32 Say Yes To The Dress UK Solved 22:30 Cougar V. Wolf 05:52 Heroes Of The City 08:30 Dior And I Weekend 10:55 Little People, Big World 13:00 Ancient Aliens 23:30 Worldʼs Weirdest 06:07 Bob The Builder 10:00 Francine 07:00 The View 11:17 Little People, Big World 15:00 Ancient Aliens: The Ultimate 06:20 Lucky Fred 00:20 Flu 11:20 Jane Wants A Boyfriend 08:00 Chicago P.D. 11:40 Little People, Big World Evidence 06:34 Chuck And Friends 02:30 Star Trek Beyond 13:00 Discovering: George Michael 09:00 Greyʼs Anatomy 12:25 Harry And Meghan Said Yes 16:00 The Universe: Ancient Mysteries 06:56 Space Ranger Roger 04:50 Deepwater Horizon 13:30 The Chinese Mayor 10:00 The Blacklist 13:10 Our Wild Life Solved 07:10 My Little Pony 06:50 Hunting The Phantom 15:00 Good Intentions 11:00 Empire 13:55 Toddlers & Tiaras 18:00 Ancient Aliens: The Ultimate 07:32 Angelina Ballerina 08:25 Star Trek Beyond 16:30 Francine 12:00 Chicago Fire 14:45 Kitchen Boss Evidence 00:30 Mysteries Of The Missing 07:46 Sandra, The Fairytale Detective 10:35 Deepwater Horizon 17:50 Jane Wants A Boyfriend 13:00 The View 15:10 Kitchen Boss 20:00 UFO Hunters 01:20 Secrets Of The Underground 08:00 -
A Primer on U.S. Stock Price Indices
A Primer on U.S. Stock Price Indices he measurement of the “average” price of common stocks is a matter of widespread interest. Investors want to know how “the Tmarket” is doing, and to be able to compare their returns with a meaningful benchmark. Money managers often have their compensation tied to performance, typically measured by comparing their results to a benchmark portfolio, so they and their clients are interested in the benchmark portfolio’s returns. And policymakers want to judge the potential for sudden adjustments in stock prices when differences from “fundamental value” emerge. The most widely quoted stock price index, the Dow Jones Industrial Average, has been supplemented by other popular indices that are constructed in a different way and pose fewer problems as a measure of stock prices. At present, a number of stock price indices are reported by the few companies that we will consider in this paper. Each of these indices is intended to be a benchmark portfolio for a different segment of the universe of common stocks. This paper discusses some of the issues in constructing and interpreting stock price indices. It focuses on the most widely used indices: the Dow Jones Industrial Average, the Stan- dard & Poor’s 500, the Russell 2000, the NASDAQ Composite, and the Wilshire 5000. The first section of this study addresses issues of construction and interpretation of stock price indices. The second section compares the movements of the five indices in the last two decades and investigates the Peter Fortune relationship between the returns on the reported indices and the return on “the market.” Our results suggest that the Dow Jones Industrial Average (Dow 30) The author is a Senior Economist and has inherent problems in its construction. -
Vanguard Total Stock Market Index Fund
Fact sheet | June 30, 2021 Vanguard® Vanguard Total Stock Market Index Fund Domestic stock fund | Institutional Shares Fund facts Risk level Total net Expense ratio Ticker Turnover Inception Fund Low High assets as of 04/29/21 symbol rate date number 1 2 3 4 5 $227,984 MM 0.03% VITSX 8.0% 07/07/97 0855 Investment objective Benchmark Vanguard Total Stock Market Index Fund seeks Spliced Total Stock Market Index to track the performance of a benchmark index that measures the investment return of the Growth of a $10,000 investment : January 31, 2011—D ecember 31, 2020 overall stock market. $35,603 Investment strategy Fund as of 12/31/20 The fund employs an indexing investment $35,628 approach designed to track the performance of Benchmark the CRSP US Total Market Index, which as of 12/31/20 represents approximately 100% of the 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 investable U.S. stock market and includes large-, mid-, small-, and micro-cap stocks regularly traded on the New York Stock Exchange and Annual returns Nasdaq. The fund invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full Index in terms of key characteristics. These key characteristics include industry weightings and market capitalization, as well as certain financial measures, such as Annual returns 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 price/earnings ratio and dividend yield. Fund 1.09 16.42 33.49 12.56 0.42 12.67 21.17 -5.16 30.81 21.00 For the most up-to-date fund data, Benchmark 1.08 16.44 33.51 12.58 0.40 12.68 21.19 -5.17 30.84 20.99 please scan the QR code below. -
Id Addicts: Discovery’S Latest Generation of Global Superfans
A Quarterly Publication of Discovery Communications Volume 9, Number 1, May 2016 ID ADDICTS: DISCOVERY’S LATEST GENERATION OF GLOBAL SUPERFANS 03 05 10 Ad Sales Delivers During Upfront Season Q&A with Group President Henry Schleiff Discovery Supports World Wildlife Day A MESSAGE FROM SAY YES TO THE PROM CELEBRATES DAVID ZASLAV FIFTH ANNIVERSARY WITH MOST IMPACTFUL INITIATIVE TO DATE TLC and Discovery LifeWorks & Inclusion’s 2016 SAY YES TO THE PROM event touched the lives of more than 300 deserving high school Our key strategic priority remains investing • Web-native content aggregated under students with a tour that traveled to New York City, Miami, Los Angeles, in content that people love on a global two key brands: Seeker and SourceFed. scale. In the first quarter, we delivered on With a talented lineup of personalities Dallas, and Silver Spring, MD throughout March, April and May. National that priority with brand strength and solid and diverse topics, Discovery Digital partners including AT&T, Sherri Hill, JCPenney and People Magazine, viewership worldwide. Looking ahead, we Networks is reaching younger audiences among other premier lifestyle brands, as well as new elements are evolving our brands and offerings in a and boasts more than 300 million including the addition of young men to the tour, helped to make this world with 7 billion screens, with our clear streams each month. year’s initiative the most impactful to date. Selected participants were commitment to reach more viewers across able to choose from thousands of donated prom dresses and tuxedos as well as accessories and shoes, and were treated to hair, • Discovery VR, which recently won a more screens than ever before with our makeup, and personalized style sessions with star of TLC’s SAY YES TO THE DRESS: ATLANTA Monte Durham at each event. -
No. 2 Newsmaker of 2016 Was City Manager Change Rodgers Christmas Basket Fund Are Still Being Accepted
FRIDAY 162nd YEAR • No. 208 DECEMBER 30, 2016 CLEVELAND, TN 22 PAGES • 50¢ Basket Fund Donations to the William Hall No. 2 Newsmaker of 2016 was city manager change Rodgers Christmas Basket Fund are still being accepted. Each By LARRY C. BOWERS Service informed Council members of year, the fund supplies boxes of Banner Staff Writer the search process they faced. food staples to needy families TOP 10 MTAS provided assistance free of during the holiday season. The The Cleveland City Council started charge, and Norris recommended the fund, which is a 501(c)(3) charity, the 2016 calendar year with a huge city hire a consultant. This was prior is a volunteer-suppported effort. challenge — an ordeal which devel- NEWSMAKERS to the Council’s decision to hire Any funds over what is needed to oped into the No. 2 news story of the Wallace, who had also assisted with pay for food bought this year will year as voted by Cleveland Daily the city’s hiring of Police Chief Mark be used next Christmas. Banner staff writers and editors — The huge field of applicants was Gibson. Donations may be mailed to First when the city celebrated the retire- vetted by city consultant and former Council explored the possibility of Tennessee Bank, P.O. Box 3566, ment of City Manager Janice Casteel Tennessee Bureau of Investigation using MTAS and a recruiting agency, Cleveland TN 37320-3566 or and announced the hiring of new City Director Larry Wallace, of Athens, as but Norris told them she had never dropped off at First Tennessee Manager Joe Fivas. -
CLASSIFIEDS - Published Every Saturday Deadline: Thursday 10 A.M
PAID ECRWSS Eagle River PRSRT STD PRSRT U.S. Postage Permit No. 13 POSTAL PATRON POSTAL Saturday, Saturday, Jan. 7, 2017 7, Jan. (715) 479-4421 AND THE THREE LAKES NEWS NEW LOWER PRICES! r u o t u A SPECIAL SECTION OF THE VILAS COUNTY NEWS-REVIEW THE VILAS COUNTY SECTION OF SPECIAL A o k c e SCHOOL NEWS h C SPORTS SPECIAL EVENTS COMMUNITY SPORTS SPECIAL Thousands of photos for your viewing pleasure or purchase! PHOTO GALLERY NORTH WOODS NORTH THE PAUL BUNYAN OF NORTH WOODS ADVERTISING WOODS OF NORTH BUNYAN THE PAUL www.vcnewsreview.com © Eagle River Publications, Inc. 1972 Inc. Publications, SpecialSpecial OfferOffer forfor Subscribers!Subscribers! Take a new subscription or renew your current subscription for two years and receive a A WILDLIFE COLLECTION FREE BOOK – By Kurt L. Krueger This full-color, hard-cover book contains more than 150 wildlife and scenic photos. Section A Judged as VILAS COUNTY Wisconsin’s Wisconsin Newspaper Association 2011, ’13 and ’15 NEWS-REVIEW Large Weekly Division EAGLE RIVER, WI 54521 • (715) 479-4421 • vcnewsreview.com $1.50 VOL. 131, NO. 34 All print subscriptions include free online edition WEDNESDAY, NOV. 2, 2016 $ President’s race expected to boost record turnout ___________ The same polls a week ear- BY DOUG ETTEN lier showed Clinton in the NEWS-REVIEW ASST. EDITOR ___________ lead or tied in all eight, sug- gesting Trump may be sway- One of the highest voter ing the vote his way as turnouts in recent history is election day nears. expected Tuesday, Nov. 8, as One big piece of legislation residents in Vilas and Oneida catching national headlines counties — like the rest of leading up to Election Day is the state and country — the Affordable Care Act. -
Financial Market Data for R/Rmetrics
Financial Market Data for R/Rmetrics Diethelm Würtz Andrew Ellis Yohan Chalabi Rmetrics Association & Finance Online R/Rmetrics eBook Series R/Rmetrics eBooks is a series of electronic books and user guides aimed at students and practitioner who use R/Rmetrics to analyze financial markets. A Discussion of Time Series Objects for R in Finance (2009) Diethelm Würtz, Yohan Chalabi, Andrew Ellis R/Rmetrics Meielisalp 2009 Proceedings of the Meielisalp Workshop 2011 Editor Diethelm Würtz Basic R for Finance (2010), Diethelm Würtz, Yohan Chalabi, Longhow Lam, Andrew Ellis Chronological Objects with Rmetrics (2010), Diethelm Würtz, Yohan Chalabi, Andrew Ellis Portfolio Optimization with R/Rmetrics (2010), Diethelm Würtz, William Chen, Yohan Chalabi, Andrew Ellis Financial Market Data for R/Rmetrics (2010) Diethelm W?rtz, Andrew Ellis, Yohan Chalabi Indian Financial Market Data for R/Rmetrics (2010) Diethelm Würtz, Mahendra Mehta, Andrew Ellis, Yohan Chalabi Asian Option Pricing with R/Rmetrics (2010) Diethelm Würtz R/Rmetrics Singapore 2010 Proceedings of the Singapore Workshop 2010 Editors Diethelm Würtz, Mahendra Mehta, David Scott, Juri Hinz R/Rmetrics Meielisalp 2011 Proceedings of the Meielisalp Summer School and Workshop 2011 Editor Diethelm Würtz III tinn-R Editor (2010) José Cláudio Faria, Philippe Grosjean, Enio Galinkin Jelihovschi and Ri- cardo Pietrobon R/Rmetrics Meielisalp 2011 Proceedings of the Meielisalp Summer Scholl and Workshop 2011 Editor Diethelm Würtz R/Rmetrics Meielisalp 2012 Proceedings of the Meielisalp Summer Scholl and Workshop 2012 Editor Diethelm Würtz Topics in Empirical Finance with R and Rmetrics (2013), Patrick Hénaff FINANCIAL MARKET DATA FOR R/RMETRICS DIETHELM WÜRTZ ANDREW ELLIS YOHAN CHALABI RMETRICS ASSOCIATION &FINANCE ONLINE Series Editors: Prof. -
Television Academy
Television Academy 2014 Primetime Emmy Awards Ballot Outstanding Directing For A Comedy Series For a single episode of a comedy series. Emmy(s) to director(s). VOTE FOR NO MORE THAN FIVE achievements in this category that you have seen and feel are worthy of nomination. (More than five votes in this category will void all votes in this category.) 001 About A Boy Pilot February 22, 2014 Will Freeman is single, unemployed and loving it. But when Fiona, a needy, single mom and her oddly charming 11-year-old son, Marcus, move in next door, his perfect life is about to hit a major snag. Jon Favreau, Director 002 About A Boy About A Rib Chute May 20, 2014 Will is completely heartbroken when Sam receives a job opportunity she can’t refuse in New York, prompting Fiona and Marcus to try their best to comfort him. With her absence weighing on his mind, Will turns to Andy for his sage advice in figuring out how to best move forward. Lawrence Trilling, Directed by 003 About A Boy About A Slopmaster April 15, 2014 Will throws an afternoon margarita party; Fiona runs a school project for Marcus' class; Marcus learns a hard lesson about the value of money. Jeffrey L. Melman, Directed by 004 Alpha House In The Saddle January 10, 2014 When another senator dies unexpectedly, Gil John is asked to organize the funeral arrangements. Louis wins the Nevada primary but Robert has to face off in a Pennsylvania debate to cool the competition. Clark Johnson, Directed by 1 Television Academy 2014 Primetime Emmy Awards Ballot Outstanding Directing For A Comedy Series For a single episode of a comedy series. -
Saturday, September 23, 2017 Letter from the Presenting Sponsor
present the Environmental Media Awards Celebrating OUTSTANDING achievement within the ENTERTAINMENT and ENVIRONMENTAL communities #EMAAWARDS Saturday, September 23, 2017 Letter from the presenting sponsor Good evening ladies and gentleman, On behalf of Toyota and Lexus, welcome to the 27th annual Environmental Media Awards! Tonight we are honored to serve as presenting sponsors and celebrate the 17th anniversary of our partnership with the Environmental Media Association. Over the past 17 years, we’ve helped honor the thought leaders that inspire millions to lead more environmentally conscious lives. Tonight we continue to celebrate the efforts of the entertainment industry and celebrities that shape our culture. After all these years, we are still inspired by EMA’s efforts to promote environmental awareness using the powerful medium of entertainment. Tonight we’ve brought an inspiring vehicle line up to the party. The 2017 Toyota Mirai hydrogen fuel cell vehicle returns to the green carpet. As one of the world’s first mass-produced hydrogen fuel cell electric vehicles, the Toyota Mirai is a four-door, mid- size sedan with performance that fully competes with traditional internal combustion engines – but uses no gasoline. Instead, Mirai creates electricity on demand using hydrogen, oxygen and a fuel cell, and emits nothing but water vapor in the process. Lexus is excited to showcase its all-new hybrid luxury sedan, the LS 500h. With smooth power and an estimated 33 miles per gallon on the highway, it has a range of more than 600 miles of luxurious driving. On sale in February 2018 with a starting price around $80,000, the LS 500h will be the luxury sedan of choice for environmentally minded drivers. -
Newsletter 12/13 DIGITAL EDITION Nr
ISSN 1610-2606 ISSN 1610-2606 newsletter 12/13 DIGITAL EDITION Nr. 335 - Dezember 2013 Michael J. Fox Christopher Lloyd LASER HOTLINE - Inh. Dipl.-Ing. (FH) Wolfram Hannemann, MBKS - Talstr. 11 - 70825 K o r n t a l Fon: 0711-832188 - Fax: 0711-8380518 - E-Mail: [email protected] - Web: www.laserhotline.de Newsletter 12/13 (Nr. 335) Dezember 2013 editorial Hallo Laserdisc- und DVD-Fans, erlebnis jedoch nicht schmälern!” liebe Filmfreunde! Das IMAX-Kino in Bradford ist noch Man gönnt sich ja sonst nichts. Das eines der wenigen in Europa, das tat- war vermutlich der Leitspruch unseres sächlich noch mit horizontal laufendem Film-Bloggers Wolfram, als er sich 70mm-Film arbeitet. Viele andere spontan dazu entschloss, den zweiten IMAX-Kinos wurden inzwischen be- Teil der HUNGER GAMES Saga im fer- reits digitalisiert. Dort wird mit einer 2K nen England anzuschauen. “Das war Doppelprojektion gearbeitet, die eine mein ganz persönliches Kino-Highlight Leinwand mit einem Bildseiten- 2013!” kam er freudestrahlend von sei- verhältnis von etwa 1:1.78 füllt. Das nem Kurztrip zurück. Wolfram hatte Seherlebnis in den digitalen IMAX- sich natürlich nicht irgendein beliebi- Kinos ist daher leider nicht derart ges Kino ausgesucht, um den Film an- spektakulär wie bei analoger zuschauen, sondern gleich das beste. Projektionstechnik. Seit zwei Wochen Die Rede ist vom IMAX-Kino in hat auch Karlsruhe ein solches digita- Bradford, das dort schon seit über 20 les IMAX-Kino. Es befindet sich im Jahren fester Bestandteil des National Filmpalast am ZKM und war Ziel eines Media Museums ist. “Regisseur kleinen Betriebsausflugs der Laser Francis Lawrence setzte in CATCHING Hotline.