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Subject: London

London (pronounced /?l?nd?n/) is the capital of England and the United Kingdom. It is the UK’s largest and most populous metropolitan area and the largest urban zone in the European Union by most measures.
A major settlement for two millennia, its history goes back to its founding by the Romans, who called it Londinium. London’s core, the ancient City of London, the ’square mile’, retains its mediaeval boundaries. Since at least the nineteenth century, the name “London” has also referred to the metropolis developed around it. Today, the bulk of this conurbation forms the London region and the Greater London administrative area, with its own elected mayor and assembly.
London is a leading global city and one of the world’s largest financial centers with the largest city GDP in Europe. Central London is home to the headquarters of most of the UK’s top 100 listed companies (the FTSE 100) and more than 100 of Europe’s 500 largest. London’s influence in politics, finance, education, entertainment, media, fashion, the arts and culture in general contributes to its global position. It is a major tourist destination for both domestic and overseas visitors. London hosted the 1908 and 1948 Summer Olympics and will host the 2012 Summer Olympics. London contains four World Heritage Sites: the Tower of London; the historic settlement of Greenwich; the Royal Botanic Gardens, Kew; and the site comprising the Palace of Westminster, Westminster Abbey and St. Margaret’s Church.
London has a diverse range of peoples, cultures, and religions, and more than 300 languages are spoken within its boundaries. In July 2007 it had an official population of 7,556,900 within the boundaries of Greater London, making it the most populous municipality in the European Union. The Greater London Urban Area (the second largest in the EU) has a population of 8,278,251. while the metropolitan area (the largest in the EU) has an estimated total population of between 12 million and 14 million. The London Underground network, administered by Transport for London, is the most extensive underground railway network in the world, London Heathrow Airport is the world’s busiest airport by number of international passengers and the airspace is the busiest of any urban centre in the world. (Wikipedia Jan 2010)

Post Modern Security Analysis

Innovative institutional research methods

Students learn while earning ...

The Crash of 2008 led to questions concerning the scope and quality of institutional investment research. The flood of open source investment data on the Internet presents opportunities to researchers.

There are new ways to manage institutional research, including separation of fact-gathering from data analysis, out-sourcing, student-sourcing, and home-sourcing, financial taxonomy, and semantic wikis.

Hard Times

Finding a job in the new capital market

Whither Wall Street?

The Crash of 2008 was the end to what I call, “the old capital markets”.

A new era is beginning, but form and detail are hidden in the mists of change. It may be a decade or so before new structures and directions are visible.

Many were thrown out of work by the Crash, but before getting into the unpleasant chore of actually looking for a job, you should consider whether or not you even want to work in the new capital markets.

Featured articles on inside pages

Stock buybacks

WSJ exposes the 9/11 caper

In a major exposé of misused executive options, the Wall Street Journal ran a front page article, reporting that as stocks sank after the the 9/11 attacks, scores of companies rushed to issue options to top officials. Some executives reaped millions.
More ...

Securities Analysis

Does ‘SEC Total Return’ protect investors?

Millions of investors put money for retirement into mutual funds selected on the basis of "SEC total returns" and the name of the fund. This article explains how the SEC allows funds to use this misleading statistic to the detriment of investors and to the benefit of fund managers. More ...

US Politics

The decline of mainstream media

In September 2009, President Obama dominated television in his attempt to sell his government-run health plan, despite massive public opposition. Mainstream media has falling revenues and market share as people turn to unbiased sources. More ...

US equities

Stock values and cash dividends wither

Wall Street ballyhoo and flim-flam to the contrary, the year 2005 closed-out half a decade of misery and pain for the average investor in US equities. Average cash dividend yields never surpassed 3.8% during the period, and most of this was consumed by taxes and management expenses of the open-end mutual funds. More ...

US Bonds

Bond demand exceeds supply for a decade

Over the decade, 1995-2004, the demand for US bonds of all types has surpassed new bond issues in eight of the last ten years. This is the reason that bond prices have held firm, even in 2003, when net new issues reached almost $1.8 trillion. More ...

World Economy

Working off the US trade deficit

Foreigners hold $16.8 trillion in US financial assets as a result of selling more goods to Americans than they buy from them. Since the 'deficit' is in dollars, the US has no problem in 'paying it off'. More ...

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2010-08-25 16:03