Category “Business”

The Midas Formula: Trillion Dollar Bet

The history behind perhaps the greatest formula ever created in finance: the Black-Scholes-Merton options pricing model. Two of its creators were awarded the Nobel Prize in Economics in 1997. A year later their hedge fund Long Term Capital Management (LTCM) had collapsed with staggering losses of $100 billion due to significant leverage of the strategy. The Black-Scholes Formula was derived by observing that an investor can precisely replicate the payoff to a call option by buying the underlying stock and financing part of the stock purchase by borrowing. Only five variables were needed: the...

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Gashole

What caused America to go from being a leading exporter of oil to the world’s largest importer? What are the economic and sociological forces that have contributed to that change and impede its solution? Gashole is an eye-opening documentary about the history of oil prices and sheds light on a secret that the big oil companies don’t want you to know – that there are viable and affordable alternatives to petroleum fuel! It also provides a detailed examination of our continued dependence on foreign oil and examines various potential solutions – starting with claims of buried technology...

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Who Will Save the Euro?

It is not just the banks that are in danger of going under. It is entire economies. They are the ones in need of emergency cash to stay afloat. For some time we have been saying that Europe's financial 'white knight' may end up wearing Chinese armour or even a South American uniform? Now it looks like all that is starting to come true. It started with a big splash in the Financial Times, saying Italian officials had turned to China for help in avoiding a financial crisis. Counting the Cost also looks at the America's Cup, once the domain of the millionaires and billionaires. Sailing's...

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Rising Gulf

This Dutch documentary examines the silent revolution that is taking place in the United Arab Emirates (and the Gulf region in general) where Bedouin tents have been replaced by luxury and indulgence. While most of the world media’s Middle East focus has been portraying the region as a source of conflict, an incredible process of modernisation is taking place in the UAE, a process rarely seen before and that could affect the entire region and possibly the entire...

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The World’s Greatest Money Maker: Warren Buffett

Warren Buffett is the greatest investor of all time. His decisions about buying shares and companies have beaten the stock market year after year and made him the richest person in the world – thought to be worth 37 billion dollars. Yet Buffett lives modestly in his native Omaha, in America’s mid-West, and runs his 150 billion dollar business with a staff of just twenty. Evan Davis meets him to find out about his unique investment strategy and his eccentric lifestyle. Evan talks to Buffett’s family, friends and colleagues about the man they call the Sage of Omaha, and Buffett’s...

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Not for Sale

People all around the world are becoming increasingly dependent on a small number of large multinational businesses. Monsanto controls 90% of the production of genetically modified seeds. Microsoft holds an 88.26% market share of the software industry, followed by apple with Mac who hold 9.93%. Everyday, 150 million people throughout the world, buy an Unilever product without even realising it. McDonalds, serve 58.1million meals a day around the world. 51 of the worlds 100 biggest economies are businesses. The state loses power at the same rate as businesses gains it. Globalisation...

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The Dark Side of Chocolate

While we enjoy the sweet taste of chocolate, the reality is strikingly different for African children. In 2001 consumers around the world were outraged to discover that child labor and slavery, trafficking, and other abuses existed on cocoa farms in the Ivory Coast, a country that produces nearly half the world’s cocoa. An avalanche of negative publicity and consumer demands for answers and solutions soon followed. Two members of US Congress, Senator Tom Harkin of Iowa and Representative Eliot Engel of New York, tackled the issue by adding a rider to an agricultural bill proposing a...

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The Rockefellers

For decades, the Rockefeller name was despised in America–associated with John D. Rockefeller Sr.’s feared monopoly, Standard Oil. By the end of his life, Rockefeller had given away half his fortune–but even his vast philanthropy could not erase the memory of his predatory business practices. His only son, John D. Rockefeller Jr., would dedicate his life to recasting the family image. In the quest for redemption and respectability, Junior would give away hundreds of millions of dollars, and would insist that his six children behave impeccably. Their contributions transformed America....

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One Night In Bhopal

The Bhopal disaster (also referred to as the Bhopal gas tragedy) is the world's worst industrial catastrophe. It occurred on the night of December 2-3, 1984 at the Union Carbide India Limited (UCIL) pesticide plant in Bhopal, Madhya Pradesh, India. A leak of methyl isocyanate gas and other chemicals from the plant resulted in the exposure of hundreds of thousands of people. Estimates vary on the death toll. The official immediate death toll was 2,259 and the government of Madhya Pradesh has confirmed a total of 3,787 deaths related to the gas release. Other government agencies estimate 15,000...

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