das - traders, guns & money; knowns and unknowns in the dazzling world of derivatives (2006)

... more recent book, The Making of Saints, also 46 SHRINES AND PILGRIMAGE IN THE MODERN WORLD 30 The somewhat declining interest in Princess Diana’s grave in Althorp Park may explain why no researcher ... observed in the Croatian village of Kum-rovec, where in addition to the usual traditional buildings in the open-air mu- 20 SHRINES AND PILGRIMAGE IN THE MODERN WORLD (cf. Reader and Walter 1993; ... lives and deaths, and ultimately for support and hope. The visitors gain this support and hope by taking part in the ritual, through the idyllic setting of the living forest, and through the...

... in fosfomycin binding: K22 and R120. To investigate the role of these residues, we have generated the K22V, K22E, K22R and R120K single mutant proteins as well as the K22V/R120K and K22V/R120V double ... on the structure reported in [11]).2688 A. M. Thomas et al. (Eur. J. Biochem. 271) Ó FEBS 2004 Role of K22 and R120 in the covalent binding of the antibiotic fosfomycin and the substrate-induced ... providedfurther insight into the molecular mechanism driving the formation of the covalent C115 fosfomycin adduct. Aconservative exchange of K22 to arginine maintains fosfo-mycin binding, while...

... domain is one of the few ACPs in which valine replaces isoleucine (I) orleucine (L) in the conserved sequence. To determinewhether DptF is the putative partner of DptE, weexpressed dptF using ... the initiation module of dapto-mycin. That DptE and DptF are involved in the lipidation process of daptomycin was first shown byMiao et al. [1]. In their work, the daptomycin genecluster was ... involving the initia-tion module of daptomycin synthetase are requiredto prove whether DptE and DptF are essential for lipidation or whether there are additionally alterna-tive pathways.In...

... E552 in NBD1 and E1197 in NBD2. Tofurther characterize the role of these residues in catalysis, we created in Abcb1a the single-site mutants E552D, N and A in NBD1, and E1197D,N and A in NBD2, ... further the role of the IC in the catalysis of ABC transporters, we created, in Abcb1a, six single-site mutants (E552D, N and A, and E1197D, N and A,) and three double-mutants(E552Q ⁄ E1197Q, E552Q ... created the following novelmutants: E552N, E1197N, E552Q ⁄ K1072R and K429R ⁄ E1197Q, to further characterize the role of the IC residues in the catalytic mechanism of Abcb1a. Asseen in Fig....

... executive main routine with appropriate subroutines. This raises the further question of the functions and design of the executive routine and sub- routines. In this type of parsing program, the ... The design principle for such a parsing program will be the well-known one of functional subroutiniza- tion: the program will contain a set of self-contained and interchangeable subroutines ... from the separation of grammar and algorithm. These ques- tions are pertinent in the case of a grammar having sufficient context-sensitivity to serve the needs of syn- tactic recognition adequate...

... Comparison of pattern of resistance of E. coli isolates from chicken and laborersTable 3 Comparison of multi -resistance of E. coli- chicken isolates and E. coli- patients isolates Tropical Medicine and ... pattern of E. coli isolated from poultry industry workers and E. coli isolated from chicken (Table 2). However, despite the similarity of resistance patterns to the tested antibiotics in E. coli- chicken ... antibiotic resistance in Saudi Arabia Van-den-Bogaard and Stobberingh (1996) recently called forbanning the use of antibiotics as growth promoters in ani-mals in the Netherlands.Spectinomycin is...

... 1989:202;24 farming, hunting, and fishing in the olmec world 02-T3504 10/20/05 3:42 PM Page 24 farming, hunting, and fishing in the olmec world amber m. vanderwarkeruniversity of texas pressAustin00-T3504 ... farmers often combine cultivation with hunting, fishing, gatheringwild plants, and/ or arboriculture (Guillet 1981:10). By engaging in dif-26 farming, hunting, and fishing in the olmec world 02-T3504 ... would probablyagree that the process by which elites gain power is key to understanding the emergence of chiefdoms and states.14 farming, hunting, and fishing in the olmec world 02-T3504 10/20/05...

... isoforms in APP processing (Eur. J. Biochem. 271) 3075 Differential involvement of protein kinase C alpha and epsilon in the regulated secretion of soluble amyloid precursor protein Cristina Lanni, ... Gasparin i, L., Binetti, G ., Trabucchi, M.,Bianchetti, A . & Racchi, M. (1998) Speci c role for protein kinase C alpha in the constitutive and regulated secretion of amyloid precursor prote in ... overexpres-sion of the PKCe V1 region, which binds specifically to the receptor for activated C -kinase (RACK), blocking the activation of the kinase specifically [13]. These experimentsresulted in a reduced...

... 224Other State Interests 225Conclusion 226viii Equality and Liberty in the Golden Age of State Constitutional Law 28 Equality and Liberty in the Golden Age of State Constitutional Law The ... number of the states the courts had broken free of federal dominance of constitutional law and actually were hospitable to the aggrandizement of equality and liberty. State constitutional law, I ... Constitutional Law JEFFREY M. SHAMAN 76 Equality and Liberty in the Golden Age of State Constitutional Law ConclusionWe gave seen that in reviewing various classifi cations state courts in some instances...

... Biochem. 271) 2547 The role of ADAM10 and ADAM17 in the ectodomain shedding of angiotensin converting enzyme and the amyloid precursor protein Tobias M. J. Allinson1, Edward T. Parkin1, Thomas ... itwould appear that ADAM10 and TACE are not criticallyinvolved in the shedding of ACE.APMA has been reported to induce the shedding of anumber of protein ectodomains, including APP, fromCHO ... critically involved in blood pressure regulation due to its action in generating angiotensin II and in inactivating bradykinin [1]. The enzyme also has a role in the development of vascularpathology and...

... an increasingly European problem rather than one restrictedsimply to particular nations. We are thinking in this connection notonly of the growing numbers of continentals who are beginning ... Maradonna’s ‘hand of God’ goal against England in the 1986 World Cup Finals (which helped to win the trophy) and the feignedinjury of the Chilean goalkeeper in his country’s match against Brazil in the ... an FOOTBALL HOOLIGANISM BEFORE THE FIRST WORLD WAR49reported appear in the FA Minutes. Conversely, only fifteen of the incidents recorded in the FA Minutes reached the pages of the Mercury.In...

... fortifying cities and lands. But building achieve-ments were never incorporated into the ideology of kingship in the Hittite world as they were in Egypt and Mesopotamia. Nor did Hittite kings ... course on the assumption that the murderer The People and the Law 35 Synopsis of Hittite History The kingdom of the Hittites rose in the central Anatolian plateau, in the region called the Land ... Age the upper city, should correspond with the beginning of an irre-versible decline in the kingdom’s political and military fortunes. Onemay see a certain symbolism in the strengthening of the...

... BioMed Central and every scientist can read your work free of charge"BioMed Central will be the most significant development for disseminating the results of biomedical research in our lifetime."Sir ... here:http://www.biomedcentral.com/info/publishing_adv.aspBioMedcentral Journal of the International AIDS Society 2004, 6:56 http://www.jiasociety.org/content/6/3/56Page 2 of 2(page number not for citation purposes)sharing, ... purposes)sharing, and education that must attend expanding global HIV/AIDS care initiatives.Authors and DisclosuresMark A. Wainberg, PhD, has disclosed that he has receivedgrants for clinical research...

... change whether in the age of industry or the Internet. The Clinton cam-paign motto in 1992—"It's the economy, stupid"— sums up a central assumption of modern life. In The Cash Nexus, ... historical perspec-tive, he brilliantly redefines the " ;cash nexus"— the pivotal link from money to power. Throughout modern history, Ferguson argues, the way states have managed their ... Politics in the Era of Inflation, iH^j-i^zj NIALL FERGUSON The Cash Nexus MONEY AND POWER IN THE MODERN WORLD, I7OO-20OO BASIC B BOOKS BASIC BOOKS Copyright â 2001 by Niall Ferguson...

... derivatives. Traders, Guns & Money is the record of my time in the derivatives indus-try. It is a collection of tales about the products, the people and the strangegoings-on in the business. ... DAS “Make฀room฀for฀another฀must-read฀on the shelves฀฀ of any฀City฀or฀Wall฀Street฀trader,฀salesman,฀or฀victim.฀฀ Traders, Guns &฀Money฀is฀filled฀with฀dirty฀little฀secrets,฀some฀old and some฀new.฀Anyone฀who฀฀has฀worked฀on฀a฀trading฀floor฀will฀nod and laugh.฀Those฀who฀have฀not฀will฀shake฀their฀heads and cry.฀When฀ derivatives and ‘f******’฀appear฀together฀฀on฀every฀other฀page,฀you฀know฀someone฀has฀written฀ the truth฀about฀financial฀innovation.฀Be฀afraid.”฀Frank฀Partnoy,฀author of FIASCO and Infectious฀Greed and Professor of Law฀at the University of ฀San฀Diego“Very,฀very฀real.฀Risk฀management฀at the front฀line,฀฀ and unlike฀anything฀you’ll฀have฀seen in the textbooks.”฀฀Paul฀Wilmott,฀writer,฀mathematician and author of ฀ the quantitative฀finance฀website฀www.wilmott.comWarren฀Buffet฀once฀memorably฀described derivatives ฀as฀“financial฀weapons of mass฀destruction”.฀Read฀this฀sensational and controversial฀account of the often฀ dazzling business of derivatives trading, and see฀if฀฀you฀agree.No฀money฀is฀ever฀really฀made in financial฀markets.฀Markets฀merely฀transfer฀wealth.฀As฀to฀how฀to฀make฀money?฀Well,฀it฀is฀basically฀theft,฀misrepresentation,฀lies,฀cheating,฀deception฀or฀force.฀It฀is฀impossible฀to฀make฀ the staggering฀amounts฀made in derivatives in good฀฀years฀honestly. Traders, Guns &฀Money฀is฀a฀wry and wickedly฀comic฀exposé of the culture,฀games, and pure฀deceptions฀played฀out฀every฀day in trading฀rooms฀around the world, ฀usually฀with฀other฀people’s฀money.฀Whether฀you฀move฀฀ in the financial world yourself,฀know฀people฀who฀do,฀or฀have฀money฀invested in stocks,฀shares฀or derivatives, ฀this฀is฀a฀fascinating฀read฀guaranteed฀to฀make฀you฀think.฀“I฀had฀been in derivatives for฀over฀25฀years.฀฀Many฀traders฀hadn’t฀been฀born฀when฀I฀stumbled฀accidentally฀into the arcane world of derivatives trading.฀How฀did฀I฀get฀there?฀฀I฀had฀followed the money.฀I฀had฀ridden the tide and currents of financial฀markets.฀I฀had฀not฀known฀very฀much฀then.฀Even฀now฀I฀only฀knew the many unknowns. ฀How฀did฀I฀get฀here?฀It฀was฀a฀very฀long฀story. Traders, Guns &฀Money฀is฀that฀story…”Satyajit Das is฀an฀international฀expert in the dazzling world of financial derivatives and has฀25฀years’฀experience in the financial฀markets.฀He฀has฀had฀a฀foot฀on฀both฀sides of the derivatives equation,฀having฀worked฀for฀banks฀ (the “sell฀side”)฀such฀as the Commonwealth฀Bank of Australia,฀Citicorp฀Investment฀Bank฀฀ and Merrill฀Lynch and, ฀as฀Treasurer of the TNT฀Group,฀for฀clients฀ (the “buy฀side”).฀He฀now฀acts฀as฀a฀consultant฀advising฀banks and corporations฀ and presenting฀seminars฀throughout the world on the slippery฀subject of derivatives. Das is the author of a฀number of highly฀฀regarded฀standard฀reference฀books฀on฀ derivatives including฀Swaps/Financial฀ Derivatives (2004,฀Wiley),฀Structured฀Products฀฀&฀Hybrid฀Securities฀(2001,฀Wiley) and Credit฀ Derivatives, ฀CDOs and Structured฀Credit฀Products฀(2005,฀Wiley).฀Outside the wild world of derivatives, Das is฀passionate฀about฀real฀wildlife and is฀co-author฀(with฀Jade฀Novakovic)฀ of In Search of the Pangolin: The Accidental฀฀Eco-Tourist฀(2006,฀New฀Holland),฀a฀unique฀฀travel฀narrative฀focused฀on฀eco-tourism.฀TELLS฀A฀CRACKING฀STORY,฀ AND IN DOING฀SO฀REVEALS฀BOTH THE HARD฀FACTS AND THE SOFT฀UNDERBELLY OF THE WORLD OF DERIVATIVES ฀ IN MOST฀BUSINESSES, THE NATURE฀ OF THE PRODUCT฀IS฀A฀KNOWN฀KNOWN.฀WE฀DO฀NOT฀SPEND฀A฀LOT฀ OF TIME฀DEBATING THE USE OF OR฀OUR฀NEED฀FOR฀A฀PAIR OF SHOES.฀WE฀ALSO฀UNDERSTAND฀OUR฀CHOICES฀–฀LACE฀UP฀OR฀SLIP-ON,฀BLACK฀OR฀BROWN.฀I฀SPEAK,฀฀ OF COURSE, OF MEN’S฀SHOES฀฀HERE.฀WOMEN’S฀SHOES,฀WELL,฀THEY฀ARE฀CLOSER฀TO DERIVATIVES. ฀ THE DERIVATIVES SALES฀PROCESS฀IS฀MORE฀COMPLEX.฀YOU฀MAY฀NOT฀KNOW฀THAT฀YOU฀NEED THE PRODUCT฀฀–฀AN฀UNKNOWN฀KNOWN.฀YOU฀PROBABLY฀HAVEN’T฀GOT THE FAINTEST฀IDEA OF WHAT฀A฀DOUBLE฀KNOCKOUT฀CURRENCY฀OPTION฀WITH฀REBATE฀IS฀OR฀DOES฀–฀฀A฀KNOWN฀UNKNOWN.฀WHAT฀SHOULD฀YOU฀PAY฀FOR฀THIS฀PARTICULAR฀ITEM?฀DEFINITELY,฀UNKNOWN฀UNKNOWN. DERIVATIVES ARE฀SIMILAR฀TO฀A฀MANOLO฀BLAHNIK฀฀OR฀JIMMY฀CHOO฀PAIR OF ฀WOMEN’S฀SHOES.”traders13.indd฀฀฀1 ... makes sense of it all. The more you know, the smarter and faster you can go. That’s why we work with the best minds in business and finance to bring cutting-edge thinking and bestlearning practice...