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Nauru Phosphate Corporation
The Nauru Phosphate Corporation (NPC) was a government-owned company controlling phosphate mining in Nauru, now known as the Republic of Nauru Phosphate, or RONPhos. Failed investments In the early years of the Nauru Phosphate Royalties Development Trust, it financed the construction of two of five high-rise luxury condos in Hawaii (on the island of Oahu). The five towers (two completed as of October 2005) are on prime Honolulu real estate with ocean views and represent a benchmark in Honolulu luxury high-rises. Other investments included Nauru House in Melbourne and Hawaiki Tower in Honolulu. These luxury properties were only part of an international real estate portfolio that stretched into countries including Australia, the Philippines, Fiji, Guam, Samoa, the US, New Zealand, and the United Kingdom. Financial mismanagement and extravagant government spending (i.e., investing A$4 million in a London play, '' Leonardo the Musical: A Portrait of Love'', about Leonardo da V ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Roman Empire, Romans as ''Londinium'' and retains its medieval boundaries.See also: Independent city#National capitals, Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national Government of the United Kingdom, government and Parliament of the United Kingdom, parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the Counties of England, counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nauru Phosphate Royalties Trust
The Nauru Phosphate Royalties Trust (NPRT) was a sovereign wealth fund developed by the government of the Republic of Nauru in which the government invested money from the state-owned mining company, Nauru Phosphate Corporation. This money was then re-invested in a real estate portfolio, among other things, to provide the government with a reliable national income following the depletion of minable phosphates on the island. Although at one time successful, mismanagement and corruption later essentially bankrupted the fund, thus virtually bankrupting the entire Republic. Responsibility for the Trust rests with the Ministry for the Nauru Phosphate Royalties Trust, a Cabinet position. At present, the office is exercised by the Nauruan Minister of Telecommunications Shadlog Bernicke. Beginnings In 1970, the newly independent government of Nauru purchased the mining rights to the island's lucrative phosphate mines from their previous colonial ruler, Australia, for A$21 million. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Nauru
The economy of Nauru is tiny, based on a population in 2019 of only 11,550 people. The economy has historically been based on phosphate mining. With primary phosphate reserves exhausted by the end of the 2010s, Nauru has sought to diversify its sources of income. In 2020, Nauru's main sources of income were the sale of fishing rights in Nauru's territorial waters, and revenue from the Regional Processing Centre (an offshore Australian immigration detention facility). Nauru is dependent on foreign aid, chiefly from Australia, Taiwan and New Zealand. Economic performance In the years after independence in 1968, Nauru possessed the highest GDP per capita in the world due to its rich phosphate deposits. In anticipation of the exhaustion of its phosphate deposits, substantial amounts of the income from phosphates were invested in trust funds aimed to help cushion the transition and provide for Nauru's economic future. However, because of heavy spending from the trust funds, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Phosphate Commission
The British Phosphate Commissioners (BPC) was a board of Australian, British, and New Zealand representatives who managed extraction of phosphate from Christmas Island, Nauru, and Banaba (Ocean Island) from 1920 until 1981. Nauru was a mandate territory governed on behalf of Nauru by Australia, Britain and New Zealand. However, representatives on the Permanent Mandates Commission argued that the activities of the BPC on Nauru were exploitative and not to the benefit of Nauruans. Australia intentionally suppressed information about its activities in Nauru. In 1968, Nauru brought Australia up before the International Court of Justice over the environmental devastation that they had caused on Nauru. Nauru and the B.P.C. Nauru Island Agreement Following its defeat in World War I, Germany was forced to relinquish all of its territorial assets around the world, including the island of Nauru. Nauru then came under joint trusteeship of the United Kingdom, Australia, and New Zealand. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tuvalu
Tuvalu ( or ; formerly known as the Ellice Islands) is an island country and microstate in the Polynesian subregion of Oceania in the Pacific Ocean. Its islands are situated about midway between Hawaii and Australia. They lie east-northeast of the Santa Cruz Islands (which belong to the Solomon Islands), northeast of Vanuatu, southeast of Nauru, south of Kiribati, west of Tokelau, northwest of Samoa and Wallis and Futuna, and north of Fiji. Tuvalu is composed of three reef islands and six atolls. They are spread out between the latitude of 5° and 10° south and between the longitude of 176° and 180°. They lie west of the International Date Line. Tuvalu has a population of 10,507 (2017 census). The total land area of the islands of Tuvalu is . The first inhabitants of Tuvalu were Polynesians, according to well-established theories regarding a migration of Polynesians into the Pacific that began about three thousand years ago. Long before European contact with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kiribati
Kiribati (), officially the Republic of Kiribati ( gil, ibaberikiKiribati),Kiribati ''The World Factbook''. Europa (web portal). Retrieved 29 January 2016. is an in Oceania in the central . The permanent population is over 119,000 (2020), more than half of whom live on T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE – Irving Langmuir (1932) and Ivar Giaever (1973) – have been awarded the Nobel Prize. On November 9, 2021, the company announced it would divide itself into three investment-grade public companies. On July 18, 2022, GE unveiled the brand names of the companies it wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leonardo Da Vinci
Leonardo di ser Piero da Vinci (15 April 14522 May 1519) was an Italian polymath of the High Renaissance who was active as a painter, Drawing, draughtsman, engineer, scientist, theorist, sculptor, and architect. While his fame initially rested on his achievements as a painter, he also became known for #Journals and notes, his notebooks, in which he made drawings and notes on a variety of subjects, including anatomy, astronomy, botany, cartography, painting, and paleontology. Leonardo is widely regarded to have been a genius who epitomized the Renaissance humanism, Renaissance humanist ideal, and his List of works by Leonardo da Vinci, collective works comprise a contribution to later generations of artists matched only by that of his younger contemporary, Michelangelo. Born Legitimacy (family law), out of wedlock to a successful Civil law notary, notary and a lower-class woman in, or near, Vinci, Tuscany, Vinci, he was educated in Florence by the Italian painter and sculpto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A Portrait Of Love
A, or a, is the first letter and the first vowel of the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''a'' (pronounced ), plural ''aes''. It is similar in shape to the Ancient Greek letter alpha, from which it derives. The uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version can be written in two forms: the double-storey a and single-storey ɑ. The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English grammar, " a", and its variant " an", are indefinite articles. History The earliest certain ancestor of "A" is aleph (also written 'aleph), the first letter of the Phoenician alphabet, which consisted entirely of consonants (for that reason, it is also called an abjad to distinguish it fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hawaiki Tower
In Polynesian mythology, (also rendered as in Cook Islands Māori, in Samoan, in Tahitian, in Hawaiian) is the original home of the Polynesians, before dispersal across Polynesia. It also features as the underworld in many Māori stories. Anne Salmond states ''Havaii'' is the old name for Raiatea, the homeland of the Māori. When British explorer James Cook first sighted New Zealand in 1769, he had Tupaia on board, a Raiatean navigator and linguist. Cook's arrival seemed to be a confirmation of a prophecy by Toiroa, a priest from Māhia. At Tolaga Bay, Tupaia conversed with the ''tohunga'' associated with the school of learning located there, called Te Rawheoro. The priest asked about the Maori homelands, 'Rangiatea' (Ra'iatea), 'Hawaiki' (Havai'i, the ancient name for Ra'iatea), and 'Tawhiti' (Tahiti). Etymology Linguists have reconstructed the term to Proto- Nuclear Polynesian ''*sawaiki''. The Māori word figures in legends about the arrival of the Māori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cabinet Of Nauru
The Cabinet of Nauru is the executive branch of the government of the Republic of Nauru, a small island nation in the Pacific Ocean. Article 17 (1.) of the Constitution of Nauru provides for the "executive authority of Nauru" to be vested in "a Cabinet constituted as provided by this Part" with the "general direction and control of the government of Nauru", specified in Article 17 (2.) as being "collectively responsible" to the Parliament of Nauru. The Cabinet is directly appointed by the President of Nauru, and comprises the president, who presides over meetings over the Cabinet, and either four or five members of the parliament. The president is also responsible for assigning Members of the Cabinet, including himself, "responsibility for any business of the government of Nauru", as ministers. Members of the Cabinet are required to swear or affirm an oath of office prior to being appointed. Cabinet portfolios * Chairman of the Cabinet (as President of Nauru) * Minister Assisting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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