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since 14/12/2003


IBEX 35 12/03/2004

What is and how does it work?

IBEX 35 The IBEX 35 is the official index for the market segment of continuously Spanish traded stocks since 1989. The IBEX 35 index is composed of the 35 securities quoted on the Joint Stock Exchange System of the four Spanish Stock Exchanges (Madrid, Barcelona, Bilbaoand Valencia), which were most liquid during the control period pursuant to the terms of this regulation. The index is semi-annually revised with the supervision period for the stocks to be included in the IBEX 35 being represented by the interval of six months prior to the start of each calendar semester. For a stock to be included in the Ibex 35 are: A) Its average capitalization in the index must be greater than 0.30% of the average index capitalization during the control period. B) It has not been subject only to a small number of transactions C) It doesn't suffer from a serious drop in liquidity D) It has not been suspended from trading on the stock market for a period of time that is considered significant. After the Comitee has the 35 stocks, it weights each stock by his market capitalization multiplied by a free float factor to punish those stocks which are not liquid enough. The free float goes this way. < 10% 10% >10% but <20% 20% >20% but <30% 40% > 30% but <40% 60% > 40% but <50% 80% > 50% 100% If a security is suspended from trading, the index is calculated using the price at which the last transaction was made prior to the suspension of the respective stock. ...

The Oligarchs - David Hoffman 29/12/2003

The transition to the new Russia

The Oligarchs - David Hoffman One decade has passed after the disintegration of the USSR and I have seen very few books that speak over the collapse of the world-wide power and its transition to the capitalism. We receive news about the fall of Eduard Shevardnadze in Georgia or that the takeover of the oil-firm Yukos on Sibneft has been blocked and I, personally, have a lack of background about what is happening there. One of the greater critics in the trasition of Russia to the liberal democracy was the privatization of the great public soviet companies during the presidency of Boris Yeltsin that originated a millionaire oligarchy that assumed the role of the new rulers of Russia. For them capitalism was equal to democracy although that entailed to elevate the corruption to the maximum. This book is centered in the figure of three of these oligarchs (Boris Berezovski, Vladimir Gusinki and Mijail Jodorkovski) as well as one of the fathers of the economic transition (Anatoli Chubais). With the excuse of portraying the life of these personalities, David And Hoffman, journalist of the Washington Post in Russia throughout the period, will explain us the length and hard way towards the present Russia. Thus we will be able to see: - The union of oligarchs in support of Yeltsin in his second re-election with the aim of avoiding the access to the presidency of the Communists - A brief and clear description of the Russian crisis of 1998, the problem of the ruble devaluation and the non-payment of ...

La Rambla, Barcelona 25/12/2003

The ancient avenue of the city

La Rambla, Barcelona Until the middle of the XIXth century in which Barcelona started to grow broking its city walls, the city extended no further than the hexagon of the 15th century. During these centuries the only wide street at the heart of the city. The name La Rambl derives from the Arabic "ramla" meaning "sandy ground" because initially the place was a stream. La Rambla starts in Plaça Catalunya (Catalonia Square) and ends in the monument to Columbus,. During this route, the avenue receives five different names each one describing a section of the street: 1) The first one is called La Rambla de Canaletes due to the fountain named "Font de les Canaletes", found there since ancient times. It seems to be like the Fontana di Trevi in Roma without throwing a coin "everyone who drinks from this fountain will subsequently keep returning to Barcelona". It is also a meeting point for Barcelona F.C. fans when they win a title (no much celebrations in the last years). 2) The next section is known as La Rambla dels Estudis (Studies) because of the Estudi General (medieval university). Don't try to look for it, the was suppressed by Philip V after the War of Succesion and it was demolished in the XIX th century. 3) Going down will enter the stretch known as La Rambla de les Flors (Flowers). This was the only place where flowers were sold in the XIXth century. 4) The next one is La Rambla del Centre, also known as La Rambla dels Caputxins, because of the old house of Capuchin friars. ...

Carlos Checa 20/12/2003

The Bull (Doctor Rossi's mate)

Carlos Checa Carlos Checa was born in Sant Fruitos del Bages, a small village of about 3500 people in 70s (today it has increased to a population of 6 thousands) in the center of Catalonia (North-east of Spain). Checa is an skilled rider, full of fiercity and courage in the road. Nevertheless he won't have a leading role in 2004's championship. Why? Well I leave it for the end. Let's first review his curriculum. Carlos did his first GP in 1993 riding with a wild card in the Catalonian Grand Prix, managing to arrive the seventh. He was immediately rewarded with a 250 GP machine for the next races. The good job gave him the opportunity to do a full campaign in 1994 in the 250 class. Next year, Sito Pons (a catalan rider who won three times the 250cc championship and team-mate of Kevan Scwantz in 500cc) offered him an NSR250 in the Fortuna Honda Pons Team in 1995. In only his third year in grands prix, and after racing in the first eight 250 races of the season, Carlos found himself elevated to the 500cc class for five races because of an injury to his 500 team-mate Alberto Puig. In 1996 Fortuna Honda Pons retained him as a 500 rider. In his homeland, Barcelona he won his first victory (Honda’s 100th win in the class), beating the best riders of the time Mike Doohan and Alex Crivillé into second and third on the day. Unfortunately 1997 was not a great year, but afterwards in 1998 he won at Jarama (Spanish GP and made great results. But then bad luck knocked at his door; ...

Plaça d'Espanya, Barcelona 15/12/2003

The gate to the Olympic Ring

Plaça d'Espanya, Barcelona The Spain's Square (Plaça d'Espanya in catalan) was built in 1929, the year of the Universal Exhibition held in Barcelona. It is a quiet big round square with a large fountain, ornamented with sculptures in marble and bronze, designed by a collaborator of the famous Antoni Gaudí. From the squre you can see two twin towers that overlook the entrance to the Barcelona Trade Fair. Here starts Maria Cristina Avenue, the best way to go up the mountain of Montjuïc, where you can visit the several museums, gardens and at the top of the mountain "the Olimpic City". The first step is The Magic Fountain, this was the fruit of the inspiration of the engineer Carles Buïgas, who conceived a new type of fountain where the artistic element consists in the changing shapes of the water,. The project was completed with cascades and smaller fountains installed at various points of Maria Cristina Avenue. The fundamental element, however, was the monumental fountain situated on a platform erected at the end of the avenue, with the perspective of the Palau Nacional as a backdrop. Here you have two options: - Go right to the Poble Espanyol The Poble Espanyol ("Spanish Village") responds to the initial idea of bringing together in the form of a "village",representative samples of the architecture of the various regions of Spain. Nowadays it has become a meeting-place for people who also want to enjoy theatrical shows or concerts or to share a good dinner with friends in one of the ...
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