Network Archives

Myanmar Stock Exchange Launch Moved Up To 2013 After Security Exchange Law Passed

"Myanmar will have its own stock exchange soon, according to the country’s deputy minister for finance and revenue, Maung Maung Thein. Preparations and implementations for the market are already underway. To establish the stock exchange, the Central Bank of Myanmar is cooperating with the Daiwa Institute of Research Group, a leading Japanese think tank with expertise in economics and financial capital markets, and Japan’s Tokyo Stock Exchange. Later this month, there will be a demonstration of the operation of the stock exchange with the help of a Myanmar information technology company, Thein said." Continue reading →

Continue ReadingMyanmar Stock Exchange Launch Moved Up To 2013 After Security Exchange Law Passed

Why And How To Invest With Brokerages In Mongolia (2011)

"You can open a brokerage account in Mongolia without going there. I met with six different brokerage firms while in Mongolia and opened multiple accounts. Transaction fees for stock trades I was quoted ranged from 2% to 3.5%, while for bonds I was quoted rates from 5 to 20 basis points. Required fees to open an account ranged from 5,000 Togrog (about $4) to 40,000 Togrog (about $32). Some account opening procedures may request having your signature notarized to have a power of attorney to trade stocks on your behalf, but this can be done in your home country as well with minimal effort." Continue reading →

Continue ReadingWhy And How To Invest With Brokerages In Mongolia (2011)

Mongolian Stock Exchange reforms unlock potential of 45 billion USD

"The Mongolian Revised Securities Market Law will come into effect on January 1, 2014 and legal organizations are currently working to reform related laws and regulations before its arrival. The law’s initiators stress that the Mongolian stock exchange market, valued at 1.4 trillion MNT as of July 2, will be able to grow, as well as its convertibility, by introducing reformed and revised regulations in Mongolia’s securities market. Representative of the Mongolian Stock Exchange thus stressed that Mongolia’s stock market range, which tripled in the last four years, will be able to expand up to 30 times." Continue reading →

Continue ReadingMongolian Stock Exchange reforms unlock potential of 45 billion USD

1990 Democratic Revolution in Mongolia – Wikipedia

"The 1990 Democratic Revolution in Mongolia was a democratic revolution that started with demonstrations and hunger strikes to overthrow the Mongolian People's Republic and eventually moved towards the democratic present day Mongolia and the writing of the new constitution. It was spearheaded by mostly younger people demonstrating on Sükhbaatar Square in the capital Ulaanbaatar. It ended with the authoritarian government resigning without bloodshed. The Democratic Party stemming from the pro-democracy activists has been on the power of Mongolia's presidency, parliament and government since 2012." Continue reading →

Continue Reading1990 Democratic Revolution in Mongolia – Wikipedia

How Fortunes Are Made In Frontier Markets: Interview With Harris Kupperman Part II

"Getting your boots muddy in a frontier market can be immensely profitable. That is, if you get to a boomtown before boom times, there’s plenty of money to be made. As we learned yesterday, there’s huge profit potential in Mongolia — home to the recently started, world-class Oyu Tolgoi copper mine. 'The way I’m thinking of playing this resource boom' says Harris Kupperman, CEO of Mongolia Growth Group (MNGGF) 'is through the consumer, and the best way to access the consumer is retail space on the main streets'. Today we’ll continue our talk with Harris. He’ll explain how his group could make 9-18 times their money in Mongolian real estate." Continue reading →

Continue ReadingHow Fortunes Are Made In Frontier Markets: Interview With Harris Kupperman Part II

Mining the Gobi: The Battle for Mongolia’s Resources

"The country, whose economy has been growing faster than almost any other, is almost entirely dependent on the export of raw materials. Mongolia has things everyone wants -- coal, copper, gold, uranium, rare earth minerals -- and that potential wealth is reflected in the high-ranking visitors it draws. Donald Rumsfeld has been to Ulan Bator, as have Angela Merkel and several Japanese prime ministers. Beijing especially is making an effort to reach out to its northern neighbor. This July the first flat-bed trucks set out from Oyu Tolgoi to China, each bearing 36 tons of a brown, cement-like powder, from which copper and gold would be extracted." Continue reading →

Continue ReadingMining the Gobi: The Battle for Mongolia’s Resources

Disability Rights are Human Rights

"Imagine if you had to fight in a court of law in order to be permitted to move in with friends, go to work, and make basic decisions about your daily life. Jenny Hatch doesn’t have to imagine, because she just fought and won that battle for her basic liberties. Hatch has volunteered for political campaigns, held down a job at a thrift shop, and shown a capacity to live independently. But because she has Down’s syndrome and an IQ of 52, her parents argued that she should be forced to continue living in a group home. Under the law, she could not leave. It was a form of imprisonment enacted not as punishment but under the paternalistic auspices of 'care.'" Continue reading →

Continue ReadingDisability Rights are Human Rights

17-year-old tased to death by Miami cops after spray-painting abandoned McDonald’s

"Miami Beach Police Chief Ray Martinez told The Miami Herald that Israel Hernandez-Llach — who was known as 'Reefa' in the local graffiti and skateboarding scene — began running when officers confronted him about 'tagging' an abandoned McDonald’s. 'The officers were forced to use the Taser to avoid a physical incident,' Martinez explained. Hernandez-Llach collapsed after being hit once in the chest. He was taken to Mount Sinai Hospital and later died. One witness told WFOR that police were 'congratulating' each other and 'making fun' of Hernandez-Llach after he was shocked by the Taser." Continue reading →

Continue Reading17-year-old tased to death by Miami cops after spray-painting abandoned McDonald’s

Marine who urinated on dead Taliban fighters in 2011 receives reduced rank as punishment

"Sergeant Robert Richards was the last of eight Marines to be punished in connection with the incident, which took place on July 27, 2011, during a counterinsurgency operation in Helmand Province in Afghanistan. The videotape showed four Marines wearing camouflage combat uniforms urinating on three corpses as one of the Marines joked, 'Have a nice day buddy.' The video became public in early 2012 and was one of a series of offensive incidents at the time that roused Afghan ire and led to heightened tensions between Washington and Kabul." Continue reading →

Continue ReadingMarine who urinated on dead Taliban fighters in 2011 receives reduced rank as punishment

TSA: Ask the Fed for Relief…From the Fed?

"Compared to NSA’s confiscation of U.S. citizens’ phone records, however, Americans can take some comfort that TSA’s PreCheck program is voluntary—at least for now. Yet in the past, government experimentation has oft become permanent policy, which, in this case, would then require every American to undergo fingerprinting and a background check to be eligible to fly commercially. In other words, as government’s thirst for security mounts, its 'no-fly' list, which includes names of suspected terrorists, could eventually be replaced by an 'OK to fly' list. Do you think this scenario is outlandish and would never happen?" Continue reading →

Continue ReadingTSA: Ask the Fed for Relief…From the Fed?