Ainnbeen

The 2008 WHU Finance Award was conferred to Torsten Schöneborn and Alexander Schied from TU Berlin, Germany. His paper entitled "Competing players in illiquid markets" was acknowledged by the jury as the best submission to 2008´s Research Conference. Thus, the work was awarded with a prize money of € 1000. About Torsten Schöneborn's and Alexander Schied's paper: "The paper provides the analysis of strategic trading of distressed liquidity traders, i.e. the oprimal liquidation strategy under time restrictions. The paper is of interest for asset managers who have to unwind huge asset positions due to liquidity reasons. It delivers astonishing results: little competition (quantified by the count of competitors) is bad for the distressed liquidity trader. The paper formulates policy implications for asset managers as concnerns the disclosure of liquidity needs. The paper is written such that one understands the paper during the first read. The paper is very straightf

This poem was nominated by UN as the best poem of 2008, Written by an African Kid When I born,I black When I grow up,I black When I go in Sun, I black When I scared,I black When I sick, I black And when I die,I still black And you white fellow When you born,you pink When you grow up, you white When you go in sun,you red When you cold, you blue When you scared, you yellow When you sick, you green And when you die,you gray And you calling me colored? __________________Giridhar Alwar

Israeli air raid at Gaza strip, killed record number of peoples,children.

Many innocent children are killed, lot of injured by Isaeli brutal raid at Gaza strip.

BBC journalist and Gaza resident Hamada Abu Qammar describes the impact of the current wave of Israeli airstrikes against Hamas targets. Hospitals have been struggling to cope with the injuredThe streets of Gaza are deserted, apart from a few cars taking urgent cases to hospital and families screaming and shouting as they take bodies to the cemetery to be buried. This morning I visited Shifa Hospital, the main one in Gaza. I spoke to one man, a civilian, and also a 14-year-old boy who were injured in an airstrike on a police station in the east of Gaza City this morning. The man said he had been going to work in a clinic when he heard the sound of planes and turned back. But after that he cannot remember what happened - he just woke up injured, with wounds in his hand, leg and stomach. The teenage boy had blood on his head and was in a lot of pain. He could not even remember his own name. "I don't even know where I am," he said to me. I saw a body too, in the emergency ro

(This is one of the three stories from The Paris Review that were nominated for a 2008 National Magazine Award in fiction) The house is just how I thought it would look. Right where I thought it would be. I walked here all the way up Dorset Avenue from the bus stop, sweating like I just ran ten miles, but I should be used to heat. It’s not the heat that’s got me, though. I’m sweating cause I can’t believe I’m actually about to do this. I’m looking at the house now with its white columns, black shutters, and windows with fancy curtains in them and I’m turning the small box with the compass over and over in my pocket, thinking—well, Betty Lu, I see why you didn’t tell your parents. This place looks like it could hold the Brady Bunch and the Partridge Family at the same time. Now all I’ve got to do is cross the street, ring the doorbell, and stand at attention. And when his dad opens up the door, step in, sit the old man down, and give him the compass just like Betty Lu said I should do b

The U.S. economy is essentially a free market economy - an economic market that is run by supply and demand - with some government regulation. In a true free market, buyers and sellers conduct their business without any government regulation, but there is a continuing debate among politicians and economists about how much government regulation is necessary in the U.S. economy. (For more, read Economics Basics .) Those who want less regulation argue that if you remove government restrictions, the free market will force businesses to protect consumers, provide superior products or services, and create affordable prices for everyone. They believe that the government is inefficient and creates nothing but a big bureaucracy that increases the cost of doing business for everyone.Those who argue that government regulations are necessary to protect consumers, the environment and the general public claim that corporations are not looking out for the public's interest, and that it is prec

By ELISABETH BUMILLER Published: December 21, 2008 NEW YORK TIMES. WASHINGTON — It is one of the most troublesome questions right now at the Pentagon, and it has started a semantic dance: What is the definition of a combat soldier? More important, when will all American combat troops withdraw from the major cities of Iraq ? The short answers are that combat troops, defined by the military as those whose primary mission is to engage the enemy with lethal force, will have to be out of Iraqi cities by June 30, 2009, the deadline under a recently approved status-of-forces agreement between the United States and Iraq. The long answers open up some complicated, sleight-of-hand responses to military and political problems facing President-elect Barack Obama . Even though the agreement with the Iraqi government calls for all American combat troops to be out of the cities by the end of June, military planners are now quietly acknowledging that many will stay behind as renamed “trainers” and “ad

Ian Angus “Nowhere in the world, in no act of genocide, in no war, are so many people killed per minute, per hour and per day as those who are killed by hunger and poverty on our planet.” —Fidel Castro, 1998 When food riots broke out in Haiti last month, the first country to respond was Venezuela. Within days, planes were on their way from Caracas, carrying 364 tons of badly needed food. The people of Haiti are “suffering from the attacks of the empire’s global capitalism,” Venezuelan president Hugo Chàvez said. “This calls for genuine and profound solidarity from all of us. It is the least we can do for Haiti.” Venezuela’s action is in the finest tradition of human solidarity. When people are hungry, we should do our best to feed them. Venezuela’s example should be applauded and emulated. But aid, however necessary, is only a stopgap. To truly address the problem of world hunger, we must understand and then change the system that causes it. No shortage of food The starting point for o