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Michael Steinhardt
Michael H. Steinhardt (born December 7, 1940) is an American billionaire hedge fund manager, philanthropist, and former antiquities collector. In 1967, he founded a hedge fund, Steinhardt Partners which he ran until he closed it in 1995. After a hiatus from work, he returned to head WisdomTree Investments in 2004. In January 2014 he was on the cover of ''Forbes Magazine'', referred to as "Wall Street's greatest trader." ''Forbes Magazine'' reported his net worth at $1.1 billion as of October 2018. Early life Steinhardt earned a bachelor's degree at the Wharton School of the University of Pennsylvania, graduating in 1960. He started his career working for the mutual fund Calvin Bullock and the brokerage firm Loeb, Rhoades & Co. (the precursor to Shearson Loeb Rhoades). Steinhardt's father was his first investment client, giving his son envelopes stuffed with cash to put in the stock market giving him seed money to begin his investment career. Investment career Early career ...
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University Of Pennsylvania
The University of Pennsylvania (also known as Penn or UPenn) is a Private university, private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universities by numerous organizations and scholars. While the university dates its founding to 1740, it was created by Benjamin Franklin and other Philadelphia citizens in 1749. It is a member of the Ivy League. The university has four undergraduate schools as well as twelve graduate and professional schools. Schools enrolling undergraduates include the University of Pennsylvania College of Arts & Sciences, College of Arts and Sciences, the University of Pennsylvania School of Engineering and Applied Science, School of Engineering and Applied Science, the Wharton School of the University of Pennsylvania, Wharton School, and the University of Pennsylvania School of Nursing, School of Nursing. Among its highly ranked graduate schoo ...
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Jack Nash (businessman)
Jack Nash (April 10, 1929 – July 30, 2008) was a German-born American businessman and investor. He was president of Oppenheimer & Company and founded '' The New York Sun'' newspaper. Early life and education On April 10, 1929, Nash was born in Berlin as Jack Nachtgeistin to Jewish parents. It is a family story that as a child, during a Nazi rally, he would not give the one-arm salute that demonstrated loyalty to the Reich. The family would later flee Nazi Germany prior to the onset of World War II. Nash and his sister were sent to a Swiss boarding school by their parents for their own safety before later immigrating to the United States. There he attended Stuyvesant High School in Manhattan, New York, and graduated from City College of New York in 1953. Investment career Nash joined Oppenheimer & Company in 1951 and became its president in 1974. He was elected chairman in 1979. In 1982, he and business partner Leon Levy sold the company for $163 million, investing $50 m ...
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Steeple Jason Island
Steeple Jason Island is a small island west of Grand Jason Island. It is a part of the Jason Islands in the Falkland Islands. Along with Grand Jason, it is one of the "Islas los Salvajes" in Spanish (the Jasons being divided into two groups in that language). Population and geography None of the Jason Islands has ever been properly inhabited. Steeple Jason was used for sheep grazing up until the 1980s. There are the remains of a shearing shed on the island. There is also Steinhart Station, a field research station on the island, built in 2003 for monitoring wildlife. The island is surrounded by low-lying land around the shore which quickly rises to a steep peak, hence the island's name. The island was formerly owned by New York philanthropist Michael Steinhardt, who later donated it to the Bronx Zoo-based Wildlife Conservation Society. Wildlife Steeple Jason is home to the largest colony of black-browed albatrosses in the world. Over 70% of the global population of black-brow ...
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Jewish Telegraphic Agency
The Jewish Telegraphic Agency (JTA) is an international news agency and wire service, founded in 1917, serving Jewish community newspapers and media around the world as well as non-Jewish press, with about 70 syndication clients listed on its web site. Editorial policy The JTA is a not-for-profit corporation governed by an independent board of directors. It claims no allegiance to any specific branch of Judaism or political viewpoint. "We respect the many Jewish and Israel advocacy organizations out there, but JTA has a different mission — to provide readers and clients with balanced and dependable reporting", wrote JTA editor-in-chief and CEO and publisher Ami Eden. He gave as an example of the JTA's coverage of the ''Mavi Marmara'' activist ship. JTA is an affiliate of 70 Faces Media, a not-for-profit American media company. Other sites under the 70 Faces Media company include Kveller, ''Alma'', and Nosher. History The JTA was founded on February 6, 1917, by Jacob Land ...
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New York University
New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then- Secretary of the Treasury Albert Gallatin. In 1832, the non-denominational all-male institution began its first classes near City Hall based on a curriculum focused on a secular education. The university moved in 1833 and has maintained its main campus in Greenwich Village surrounding Washington Square Park. Since then, the university has added an engineering school in Brooklyn's MetroTech Center and graduate schools throughout Manhattan. NYU has become the largest private university in the United States by enrollment, with a total of 51,848 enrolled students, including 26,733 undergraduate students and 25,115 graduate students, in 2019. NYU also receives the most applications of any private institution in the United States and admission is considered highly selective. NYU is organized ...
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Steinhardt School Of Culture, Education And Human Development
The New York University Steinhardt School of Culture, Education, and Human Development (commonly referred to as Steinhardt) is the secondary liberal arts and education school of New York University. It is one of the only schools in the world of its type. Founded in 1890, it is the first school of pedagogy to be established at an American university. Prior to 2001, it was known as the NYU School of Education. Located on NYU's founding campus in Greenwich Village, the Steinhardt School offers bachelor's, master's, advanced certificate, and doctoral programs in the fields of applied psychology, art, education, health, media, and music. NYU Steinhardt also offers several degree programs at NYU's Brooklyn campus. History Founded in 1890 as the School of Pedagogy, the School soon added courses in psychology, counseling, art, and music. In 1910, it established the first US university chair in experimental education. During the 1920s, enrollment increased from 990 to more than 9, ...
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Rembrandt Van Rijn "Petrus In De Gevangenis" (St
Rembrandt Harmenszoon van Rijn (, ; 15 July 1606 – 4 October 1669), usually simply known as Rembrandt, was a Dutch Golden Age painter, printmaker and Drawing, draughtsman. An innovative and prolific Old Masters, master in three art medium, media, he is generally considered one of the greatest visual artists in the history of art and the most important in Dutch art history.Gombrich, p. 420. Unlike most Dutch masters of the 17th century, :Works by Rembrandt, Rembrandt's works depict a wide range of style and subject matter, from portrait painting, portraits and self-portraits to landscapes, genre scenes, allegorical and historical scenes, biblical and mythological themes and animal studies. His contributions to art came in a period of great wealth and cultural achievement that historians call the Dutch Golden Age, when Dutch art (especially Dutch Golden Age painting, Dutch painting), whilst antithetical to the Baroque, Baroque style that dominated Europe, was prolific and ...
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Market Capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Since outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It is ...
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Index Fund
An index fund (also index tracker) is a mutual fund or exchange-traded fund (ETF) designed to follow certain preset rules so that the fund can a specified basket of underlying investments.Reasonable Investor(s), Boston University Law Review, available at: https://ssrn.com/abstract=2579510 While index providers often emphasize that they are for-profit organizations, index providers have the ability to act as "reluctant regulators" when determining which companies are suitable for an index. Those rules may include tracking prominent indexes like the S&P 500 or the Dow Jones Industrial Average or implementation rules, such as tax-management, tracking error minimization, large block trading or patient/flexible trading strategies that allow for greater tracking error but lower market impact costs. Index funds may also have rules that screen for social and sustainable criteria. An index fund's rules of construction clearly identify the type of companies suitable for the fund. The mos ...
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1994 Bond Market Crisis
The 1994 bond market crisis, or Great Bond Massacre, was a sudden drop in bond market prices across the developed world. It began in Japan and the United States (US), and spread through the rest of the world. After the recession of the early 1990s, historically low interest rates in many industrialized nations preceded an unexpectedly volatile year for bond investors, including those that held on to mortgage debts. Over 1994, a rise in rates, along with the relatively quick spread of bond market volatility across international borders, resulted in a mass sell-off of bonds and debt funds as yields rose beyond expectations. This was especially the case for instruments with comparatively longer maturities attached. Some financial observers argued that the plummet in bond prices was triggered by the Federal Reserve's decision to raise rates by 25 basis points in February, in a move to counter inflation. At about $1.5 trillion in lost market value across the globe, the crash has been ...
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United States Department Of Justice
The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United States. It is equivalent to the justice or interior ministries of other countries. The department is headed by the U.S. attorney general, who reports directly to the president of the United States and is a member of the president's Cabinet. The current attorney general is Merrick Garland, who was sworn in on March 11, 2021. The modern incarnation of the Justice Department was formed in 1870 during the Ulysses S. Grant presidency. The department comprises federal law enforcement agencies, including the Federal Bureau of Investigation, the U.S. Marshals Service, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Drug Enforcement Administration, and the Federal Bureau of Prisons. It also has eight major divisions of lawyers who re ...
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