Literature and Terrorism In an age of terror, how does literature help us transcend our reality, lend perspective to our confusion by pulling us into the past and other cultures, and give expression to our anguish and fear through catharsis? They survived it; so can we. In this course we will define terrorism the way the Arabs define it, as any organized violence, by an individual, group or state, legitimate or illegitimate, against a civilian population, either intentional or unintentional.
To compete with firms that were members of the New York Stock Exchange trading on the stock exchange's floor, his firm began using innovative computer information technology Father son relationship in elie wiesel s night disseminate quotes.
He has built a highly profitable securities firm, Bernard L.
Madoff Investment Securities, which siphons a huge volume of stock trades away from the Big Board. Madoff's firm can execute trades so quickly and cheaply that it actually pays other brokerage firms a penny a share to execute their customers' orders, profiting from the spread between bid and asked prices that most stocks trade for.
His younger brother, Peter, was senior managing director and chief compliance officer,  and Peter's daughter, Shana Madoffwas the compliance attorney. Madoff's sons, Mark and Andrew, worked in the trading section,  along with Charles Weiner, Madoff's nephew.
Order flow is an issue that attracted a lot of attention but is grossly overrated. The Journal concluded Madoff's use of futures and options helped cushion the returns against the market's ups and downs. Madoff said he made up for the cost of the hedges, which could have caused him to trail the stock market's returns, with stock-picking and market timing.
The sale of the 'calls' is designed to increase the rate of returnwhile allowing upward movement of the stock portfolio to the strike price of the 'calls'. The 'puts', funded in large part by the sales of the 'calls', limit the portfolio's downside. If he was not making real investments, at that rate the principal would last 20 years.
By targeting charities, Madoff could avoid the threat of sudden or unexpected withdrawals. While most Ponzis are based on nonexistent businesses, Madoff's brokerage operation was very real. Sales methods[ edit ] Rather than offer high returns to all comers, Madoff offered modest but steady returns to an exclusive clientele.
The investment method was marketed as "too complicated for outsiders to understand". He was secretive about the firm's business, and kept his financial statements closely guarded. Even at the end of Novemberamid a general market collapse, the same fund reported that it was up 5.
That's why we were all so stunned. The investigation concluded in Bienes began his career working as an accountant for Madoff's father-in-law, Saul Alpern. Then, he became a partner in the accounting firm Alpern, Avellino and Bienes. Inthe firm began advising its clients about investing all of their money with a mystery man, a highly successful and controversial figure on Wall Street—but until this episode, not known as an ace money manager—Madoff.
In a report to the SEC they mentioned the fund's "curiously steady" yearly returns to investors of However, the SEC did not look any more deeply into the matter, and never publicly referred to Madoff.
Avellino complained to the presiding Federal Judge, John E. Regulators feared it all might be just a huge scam.
They took in nearly a half a billion dollars in investor money, totally outside the system that we can monitor and regulate.
In a interview after the scam had been exposed, he said, "Doubt Bernie Madoff? You can doubt God, but you don't doubt Bernie. He had that aura about him. Madoff was registered as a broker-dealerbut doing business as an asset manager. In September Madoff agreed to register his business, but the SEC kept its findings confidential.
This investigation resulted in neither a finding of fraud, nor a referral to the SEC Commissioners for legal action. A year earlier, Rampart had found out that Access International Advisorsone of its trading partners, had significant investments with Madoff.
Markopolos' bosses at Rampart asked him to design a product that could replicate Madoff's returns.
After four hours of trying and failing to replicate Madoff's returns, Markopolos concluded Madoff was a fraud.
He told the SEC that based on his analysis of Madoff's returns, it was mathematically impossible for Madoff to deliver them using the strategies he claimed to use. In his view, there were only two ways to explain the figures—either Madoff was front running his order flow, or his wealth management business was a massive Ponzi scheme.
This submission, along with three others, passed with no substantive action from the SEC. The culmination of Markopolos' analysis was his third submission, a detailed page memo entitled The World's Largest Hedge Fund is a Fraud.
The biggest red flag was that Madoff reported only seven losing months during this time, and those losses were statistically insignificant. This produced a return stream that rose steadily upward at a nearly-perfect degree angle.
Markopolos argued that the markets were far too volatile even under the best of conditions for this to be possible, a fact that would have been clear to anyone who understood the underlying math.Ironically, Elie's relationship with his father improves upon entering the concentration camp.
While commitments in his and his father's everyday life made Elie's relationship with his father. Night by Elie Wiesel Theme: Father/Son Relationship "My father was a cultured man, rather unsentimental.
He rarely displayed his feelings, not even within his family, and was more involved with the welfare of others than with his own kin.". Night is a work by Elie Wiesel, published in English in The book is about his experience with his father in the Nazi German concentration camps at Auschwitz and Buchenwald in –, at the height of the Holocaust toward the end of the Second World ashio-midori.com just over pages of sparse and fragmented narrative, Wiesel writes about the death of God and his own increasing disgust with.
Below you will find five outstanding thesis statements for Night by Elie Wiesel that can be used as essay starters or paper topics. All five incorporate at least one of the themes found in the text and are broad enough so that it will be easy to find textual support, yet narrow enough to .
1 Nisan 1 Nisan - Rosh Chodesh Nisan 1 Nisan. The first of Nisan is Rosh Hashanah for melachim and regalim (Rosh Hashanah 2).The Gemara in Shabbat (81b) . Suicide, homicide, physician-assisted suicide, violence (including domestic violence and gun violence), sudden death (from accidents and otherwise), dementia and other forms of lingering illness -- complex and difficult endings may bring complicated losses and complicated grief.