United Arab Emirates
The United Arab Emirates, sometimes called the Emirates, is a country in Western Asia at the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing maritime borders with Qatar to the west and Iran to the north. The sovereign constitutional monarchy is a federation of seven emirates consisting of Abu Dhabi, Dubai, Ras Al Khaimah and Umm Al Quwain, their boundaries are complex, with numerous enclaves within the various emirates. Each emirate is governed by a ruler. One of the rulers serves as the President of the United Arab Emirates. In 2013, the UAE's population was 9.2 million, of which 1.4 million are Emirati citizens and 7.8 million are expatriates. Human occupation of the present UAE has been traced back to the emergence of anatomically modern humans from Africa some 125,000 BCE through finds at the Faya-1 site in Mleiha, Sharjah. Burial sites dating back to the Neolithic Age and the Bronze Age include the oldest known such inland site at Jebel Buhais.
Known as Magan to the Sumerians, the area was home to a prosperous Bronze Age trading culture during the Umm Al Nar period, which traded between the Indus Valley and Mesopotamia as well as Iran and the Levant. The ensuing Wadi Suq period and three Iron Ages saw the emergence of nomadism as well as the development of water management and irrigation systems supporting human settlement in both the coast and interior; the Islamic age of the UAE dates back to the expulsion of the Sasanians and the subsequent Battle of Dibba. The UAE's long history of trade led to the emergence of Julfar, in the present day emirate of Ras Al Khaimah, as a major regional trading and maritime hub in the area; the maritime dominance of the Persian Gulf by Emirati traders led to conflicts with European powers, including the Portuguese and British. Following decades of maritime conflict, the coastal emirates became known as the Trucial States with the signing of a Perpetual Treaty of Maritime Peace with the British in 1819, which established the Trucial States as a British Protectorate.
This arrangement ended with independence and the establishment of the United Arab Emirates on 2 December 1971 following the British withdrawal from its treaty obligations. Six emirates joined the UAE in 1971, the seventh, Ras Al Khaimah, joined the federation on 10 February 1972. Islam is the official religion and Arabic is the official language of the UAE; the UAE's oil reserves are the seventh-largest in the world while its natural gas reserves are the world's seventeenth-largest. Sheikh Zayed, ruler of Abu Dhabi and the first President of the UAE, oversaw the development of the Emirates and steered oil revenues into healthcare and infrastructure; the UAE's economy is the most diversified in the Gulf Cooperation Council, while its most populous city of Dubai is an important global city and an international aviation and maritime trade hub. The country is much less reliant on oil and gas than in previous years and is economically focusing on tourism and business; the UAE government does not levy income tax although there is a system of corporate tax in place and value added tax was established in 2018 at 5%.
The UAE's rising international profile has led to it being recognised as a regional and a middle power. It is a member of the United Nations, the Arab League, the Organisation of Islamic Cooperation, OPEC, the Non-Aligned Movement and the Gulf Cooperation Council; the land of the Emirates has been occupied for thousands of years. Stone tools recovered from Jebel Faya in the emirate of Sharjah reveal a settlement of people from Africa some 127,000 years ago and a stone tool used for butchering animals discovered at Jebel Barakah on the Arabian coast suggests an older habitation from 130,000 years ago. There is no proof of contact with the outside world at that stage, although in time lively trading links developed with civilisations in Mesopotamia and the Harappan culture of the Indus Valley; this contact persisted and became wide-ranging motivated by the trade in copper from the Hajar Mountains, which commenced around 3,000 BCE. Sumerian sources talk of the UAE as home to Magan people. There are six major periods of human settlement with distinctive behaviours in the pre-Islamic UAE, which includes the Hafit period from 3,200-2,600 BCE.
From 1,200 BC to the advent of Islam in Eastern Arabia, through three distinctive Iron Ages and the Mleiha period, the area was variously occupied by Achaemenid and other forces and saw the construction of fortified settlements and extensive husbandry thanks to the development of the falaj irrigation system. In ancient times, Al Hasa adjoined Greater Oman. From the second century AD, there was a movement of tribes from Al Bahreyn towards the lower Gulf, together with a migration among the Azdite Qahtani and Quda'ah tribal groups from south-west Arabia towards central Oman; the spread of Islam to the North Eastern tip of the Arabian Peninsula is thought to have followed directly from a letter sent by the Islamic prophet, Muhammad, to the rulers of Oman in 630 AD, nine years after the hijrah. This led to a group of rulers travelling to Medina, converting to Islam and subsequently driving a successful u
Bangor is a city in the U. S. state of Maine, the county seat of Penobscot County. The city proper has a population of 33,039, making it the state's 3rd largest settlement behind Portland and Lewiston. Modern Bangor was established in the mid-1800s with the shipbuilding industries. Lying on the Penobscot River, logs could be floated downstream from the Maine North Woods and processed at the city's water-powered sawmills shipped from Bangor's port to the Atlantic Ocean 30 miles downstream, from there to any port in the world. Evidence of this is still visible in the lumber barons' elaborate Greek Revival and Victorian mansions and the 31 foot high statue of Paul Bunyan. Today, Bangor's economy is based on services and retail and education. Bangor has a port of entry at Bangor International Airport home to the Bangor Air National Guard Base. Bangor was an important stopover on the great circle route air route between the U. S. East Coast and Europe. Bangor has a humid continental climate, with cold, snowy winters, warm summers.
Founded as Condeskeag Plantation, Bangor was incorporated as a New England town in 1791. The reason for the choice of name is disputed. Like the eponymous Bangor, North Wales, the final syllable is pronounced gor, not ger, In 2015, local celebrities and business owners recorded the YouTube video "How to Say Bangor"; the Penobscot people have inhabited the area around present-day Bangor for at least 11,000 years and still occupy tribal land on the nearby Penobscot Indian Island Reservation. They practised some agriculture, but less than peoples in southern New England where the climate is milder, subsisted on what they could hunt and gather. Contact with Europeans was not uncommon during the 1500s because the fur trade was lucrative and the Penobscot were willing to trade pelts for European goods; the site was visited by Portuguese explorer Esteban Gómez in 1524 and by Samuel de Champlain in 1605. The Jesuits established a mission on Penobscot Bay in 1609, part of the French colony of Acadia, the valley remained contested between France and Britain into the 1750s, making it one of the last regions to become part of New England.
In 1769 Jacob Buswell founded a settlement at the site. By 1772, there were 12 families, along with a sawmill and school, in 1787 the population was 567. In 1779, the rebel Penobscot Expedition fled up the Penobscot River and ten of its ships were scuttled by the British fleet at Bangor; the ships remained there until the late 1950s, when construction of the Joshua Chamberlain Bridge disturbed the site. Six cannons were removed from the riverbed. During the War of 1812 Bangor and Hampden were looted by the British. Maine was part of the Commonwealth of Massachusetts until 1820 when it voted to secede from Massachusetts and was admitted to the Union as the 23rd state under the Missouri Compromise. In 1861, a mob ransacked the offices of the Democratic newspaper the Bangor Daily Union, threw the presses and other materials thrown into the street and burned them. Editor Marcellus Emery escaped unharmed and it was only after the war that he resumed publishing. During the American Civil War the locally mustered 2nd Maine Volunteer Infantry Regiment was the first to march out of Maine in 1861, played a prominent part in the First Battle of Bull Run.
The 1st Maine Heavy Artillery Regiment, mustered in Bangor and commanded by a local merchant, lost more men than any other Union regiment in the war. The 20th Maine Infantry Regiment held Little Round Top in the Battle of Gettysburg. A bridge connecting Bangor with Brewer is named for Joshua Lawrence Chamberlain, the regiment's leader and one of eight Civil War soldiers from Penobscot County towns to receive the Medal of Honor. Bangor's Charles A. Boutelle accepted the surrender of the Confederate fleet after the Battle of Mobile Bay. A Bangor residential street is named for him. Confederate raiders captured several Bangor ships during the Civil War, including the "Delphine", "James Littlefield", "Mary E. Thompson" and "Golden Rocket". Bangor was near the lands disputed during the Aroostook War, a boundary dispute with Britain in 1838–39; the passion of the Aroostook War signaled the increasing role lumbering and logging played in the Maine economy in the state's central and eastern sections.
Bangor arose as a lumbering boom-town in the 1830s, a potential demographic and political rival to Portland. Bangor became for a time the largest lumber port in the world, the site of furious land speculation that extended up the Penobscot River valley and beyond; the Penobscot River Maine North Woods drainage basin above Bangor was unattractive to settlement for farming, but well suited to lumbering. Winter snow allowed logs to be dragged from the woods by horse-teams. Carried to the Penobscot or its tributaries, log driving in the snowmelt brought them to waterfall-powered sawmills upriver from Bangor; the sawn lumber was shipped from the city's docks, Bangor being at the head-of-tide to points anywhere in the world. Shipbuilding was developed. Bangor capitalists owned most of the forests; the main markets for Bangor lumber were the East Coast cities. Much was shipped to the Caribbean and to California during the Gold Rush, via Cape Horn, before sawmills could be established in the west. Bangorians helped transplant the Maine culture of lumbering to the Pacific Northwest, participated directly in the Gold Rush.
Qatar the State of Qatar, is a country located in Western Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula. Whether the sovereign state should be regarded as a constitutional monarchy or an absolute monarchy is disputed, its sole land border is with neighbouring Gulf Cooperation Council monarchy Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf. An arm of the Persian Gulf separates Qatar from the nearby Bahrain. In early 2017, Qatar's total population was 2.6 million: 313,000 Qatari citizens and 2.3 million expatriates. Islam is the official religion of Qatar; the country has the highest per capita income in the world. Qatar is classified by the UN as a country of high human development and is regarded as the most advanced Arab state for human development. Qatar is a high-income economy, backed by the world's third-largest natural gas reserves and oil reserves. Qatar has been ruled by the House of Thani since Mohammed bin Thani signed a treaty with the British in 1868 that recognised its separate status.
Following Ottoman rule, Qatar became a British protectorate in the early 20th century until gaining independence in 1971. In 2003, the constitution was overwhelmingly approved in a referendum, with 98% in favour. In the 21st century, Qatar emerged as a significant power in the Arab world both through its globally expanding media group, Al Jazeera Media Network, supporting several rebel groups financially during the Arab Spring. For its size, Qatar wields disproportionate influence in the world, has been identified as a middle power. Qatar is the subject of a diplomatic and economic embargo by Saudi Arabia, the United Arab Emirates and Egypt, which began in June 2017. Saudi Arabia has proposed the construction of the Salwa Canal, which would run along the Saudi-Qatar border turning Qatar into an island. Pliny the Elder, a Roman writer, documented the earliest account pertaining to the inhabitants of the peninsula around the mid-first century AD, referring to them as the Catharrei, a designation which may have derived from the name of a prominent local settlement.
A century Ptolemy produced the first known map to depict the peninsula, referring to it as Catara. The map referenced a town named "Cadara" to the east of the peninsula; the term'Catara' was used until the 18th century, after which'Katara' emerged as the most recognised spelling. After several variations -'Katr','Kattar' and'Guttur' - the modern derivative Qatar was adopted as the country's name. In Standard Arabic, the name is pronounced. Human habitation of Qatar dates back to 50,000 years ago. Settlements and tools dating back to the Stone Age have been unearthed in the peninsula. Mesopotamian artifacts originating from the Ubaid period have been discovered in abandoned coastal settlements. Al Da'asa, a settlement located on the western coast of Qatar, is the most important Ubaid site in the country and is believed to have accommodated a small seasonal encampment. Kassite Babylonian material dating back to the second millennium BC found in Al Khor Islands attests to trade relations between the inhabitants of Qatar and the Kassites in modern-day Bahrain.
Among the findings were 3,000,000 crushed snail shells and Kassite potsherds. It has been suggested that Qatar is the earliest known site of shellfish dye production, owing to a Kassite purple dye industry which existed on the coast. In 224 AD, the Sasanian Empire gained control over the territories surrounding the Persian Gulf. Qatar played a role in the commercial activity of the Sasanids, contributing at least two commodities: precious pearls and purple dye. Under the Sasanid reign, many of the inhabitants in Eastern Arabia were introduced to Christianity following the eastward dispersal of the religion by Mesopotamian Christians. Monasteries were constructed and further settlements were founded during this era. During the latter part of the Christian era, Qatar comprised a region known as'Beth Qatraye'; the region was not limited to Qatar. In 628, Muhammad sent a Muslim envoy to a ruler in Eastern Arabia named Munzir ibn Sawa Al Tamimi and requested that he and his subjects accept Islam. Munzir obliged his request, accordingly, most of the Arab tribes in the region converted to Islam.
After the adoption of Islam, the Arabs led the Muslim conquest of Persia which resulted in the fall of the Sasanian Empire. Qatar was described as a famous camel breeding centre during the Umayyad period. In the 8th century, it started benefiting from its commercially strategic position in the Persian Gulf and went on to become a centre of pearl trading. Substantial development in the pearling industry around the Qatari Peninsula occurred during the Abbasid era. Ships voyaging from Basra to India and China would make stops in Qatar's ports during this period. Chinese porcelain, West African coins and artefacts from Thailand have been discovered in Qatar. Archaeological remains from the 9th century suggest that Qatar's inhabitants used greater wealth to construct higher quality homes and public buildings. Over 100 stone-built houses, two mosques, an Abbasid fort were constructed in Murwab during this period. However, when the caliphate's prosperity declined in Iraq, so too did it in Qatar. Qatar is mentioned in 13th-century Muslim scholar Yaqut al-Hamawi's book, Mu'jam Al-Buldan, which alludes to the Qataris' fine striped wov
The United States of America known as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U. S. is the third most populous country. The capital is Washington, D. C. and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico; the State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean; the U. S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The diverse geography and wildlife of the United States make it one of the world's 17 megadiverse countries.
Paleo-Indians migrated from Siberia to the North American mainland at least 12,000 years ago. European colonization began in the 16th century; the United States emerged from the thirteen British colonies established along the East Coast. Numerous disputes between Great Britain and the colonies following the French and Indian War led to the American Revolution, which began in 1775, the subsequent Declaration of Independence in 1776; the war ended in 1783 with the United States becoming the first country to gain independence from a European power. The current constitution was adopted in 1788, with the first ten amendments, collectively named the Bill of Rights, being ratified in 1791 to guarantee many fundamental civil liberties; the United States embarked on a vigorous expansion across North America throughout the 19th century, acquiring new territories, displacing Native American tribes, admitting new states until it spanned the continent by 1848. During the second half of the 19th century, the Civil War led to the abolition of slavery.
By the end of the century, the United States had extended into the Pacific Ocean, its economy, driven in large part by the Industrial Revolution, began to soar. The Spanish–American War and World War I confirmed the country's status as a global military power; the United States emerged from World War II as a global superpower, the first country to develop nuclear weapons, the only country to use them in warfare, a permanent member of the United Nations Security Council. Sweeping civil rights legislation, notably the Civil Rights Act of 1964, the Voting Rights Act of 1965 and the Fair Housing Act of 1968, outlawed discrimination based on race or color. During the Cold War, the United States and the Soviet Union competed in the Space Race, culminating with the 1969 U. S. Moon landing; the end of the Cold War and the collapse of the Soviet Union in 1991 left the United States as the world's sole superpower. The United States is the world's oldest surviving federation, it is a representative democracy.
The United States is a founding member of the United Nations, World Bank, International Monetary Fund, Organization of American States, other international organizations. The United States is a developed country, with the world's largest economy by nominal GDP and second-largest economy by PPP, accounting for a quarter of global GDP; the U. S. economy is post-industrial, characterized by the dominance of services and knowledge-based activities, although the manufacturing sector remains the second-largest in the world. The United States is the world's largest importer and the second largest exporter of goods, by value. Although its population is only 4.3% of the world total, the U. S. holds 31% of the total wealth in the world, the largest share of global wealth concentrated in a single country. Despite wide income and wealth disparities, the United States continues to rank high in measures of socioeconomic performance, including average wage, human development, per capita GDP, worker productivity.
The United States is the foremost military power in the world, making up a third of global military spending, is a leading political and scientific force internationally. In 1507, the German cartographer Martin Waldseemüller produced a world map on which he named the lands of the Western Hemisphere America in honor of the Italian explorer and cartographer Amerigo Vespucci; the first documentary evidence of the phrase "United States of America" is from a letter dated January 2, 1776, written by Stephen Moylan, Esq. to George Washington's aide-de-camp and Muster-Master General of the Continental Army, Lt. Col. Joseph Reed. Moylan expressed his wish to go "with full and ample powers from the United States of America to Spain" to seek assistance in the revolutionary war effort; the first known publication of the phrase "United States of America" was in an anonymous essay in The Virginia Gazette newspaper in Williamsburg, Virginia, on April 6, 1776. The second draft of the Articles of Confederation, prepared by John Dickinson and completed by June 17, 1776, at the latest, declared "The name of this Confederation shall be the'United States of America'".
The final version of the Articles sent to the states for ratification in late 1777 contains the sentence "The Stile of this Confederacy shall be'The United States of America'". In June 1776, Thomas Jefferson wrote the phrase "UNITED STATES OF AMERICA" in all capitalized letters in the headline of his "original Rough draught" of the Declaration of Independence; this draft of the document did not surface unti
Mexico the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States. Covering 2,000,000 square kilometres, the nation is the fifth largest country in the Americas by total area and the 13th largest independent state in the world. With an estimated population of over 120 million people, the country is the eleventh most populous state and the most populous Spanish-speaking state in the world, while being the second most populous nation in Latin America after Brazil. Mexico is a federation comprising 31 states and Mexico City, a special federal entity, the capital city and its most populous city. Other metropolises in the state include Guadalajara, Puebla, Tijuana and León. Pre-Columbian Mexico dates to about 8000 BC and is identified as one of five cradles of civilization and was home to many advanced Mesoamerican civilizations such as the Olmec, Teotihuacan, Zapotec and Aztec before first contact with Europeans. In 1521, the Spanish Empire conquered and colonized the territory from its politically powerful base in Mexico-Tenochtitlan, administered as the viceroyalty of New Spain.
Three centuries the territory became a nation state following its recognition in 1821 after the Mexican War of Independence. The post-independence period was tumultuous, characterized by economic inequality and many contrasting political changes; the Mexican–American War led to a territorial cession of the extant northern territories to the United States. The Pastry War, the Franco-Mexican War, a civil war, two empires, the Porfiriato occurred in the 19th century; the Porfiriato was ended by the start of the Mexican Revolution in 1910, which culminated with the promulgation of the 1917 Constitution and the emergence of the country's current political system as a federal, democratic republic. Mexico has the 11th largest by purchasing power parity; the Mexican economy is linked to those of its 1994 North American Free Trade Agreement partners the United States. In 1994, Mexico became the first Latin American member of the Organisation for Economic Co-operation and Development, it is classified as an upper-middle income country by the World Bank and a newly industrialized country by several analysts.
The country is considered both a regional power and a middle power, is identified as an emerging global power. Due to its rich culture and history, Mexico ranks first in the Americas and seventh in the world for number of UNESCO World Heritage Sites. Mexico is an ecologically megadiverse country, ranking fourth in the world for its biodiversity. Mexico receives a huge number of tourists every year: in 2018, it was the sixth most-visited country in the world, with 39 million international arrivals. Mexico is a member of the United Nations, the World Trade Organization, the G8+5, the G20, the Uniting for Consensus group of the UN, the Pacific Alliance trade bloc. Mēxihco is the Nahuatl term for the heartland of the Aztec Empire, namely the Valley of Mexico and surrounding territories, with its people being known as the Mexica, it is believed to be a toponym for the valley which became the primary ethnonym for the Aztec Triple Alliance as a result, although it could have been the other way around.
In the colonial era, back when Mexico was called New Spain this territory became the Intendency of Mexico and after New Spain achieved independence from the Spanish Empire it came to be known as the State of Mexico with the new country being named after its capital: the City of Mexico, which itself was founded in 1524 on top of the ancient Mexica capital of Mexico-Tenochtitlan. Traditionally, the name Tenochtitlan was thought to come from Nahuatl tetl and nōchtli and is thought to mean "Among the prickly pears rocks". However, one attestation in the late 16th-century manuscript known as "the Bancroft dialogues" suggests the second vowel was short, so that the true etymology remains uncertain; the suffix -co is the Nahuatl locative, making the word a place name. Beyond that, the etymology is uncertain, it has been suggested that it is derived from Mextli or Mēxihtli, a secret name for the god of war and patron of the Mexica, Huitzilopochtli, in which case Mēxihco means "place where Huitzilopochtli lives".
Another hypothesis suggests that Mēxihco derives from a portmanteau of the Nahuatl words for "moon" and navel. This meaning might refer to Tenochtitlan's position in the middle of Lake Texcoco; the system of interconnected lakes, of which Texcoco formed the center, had the form of a rabbit, which the Mesoamericans pareidolically associated with the moon rabbit. Still another hypothesis suggests that the word is derived from Mēctli, the name of the goddess of maguey; the name of the city-state was transliterated to Spanish as México with the phonetic value of the letter x in Medieval Spanish, which represented the voiceless postalveolar fricative. This sound, as well as the voiced postalveolar fricative, represented by a j, evolved into a voiceless velar fricative during the 16th century; this led to the use of the variant Méjico in many publications in Spanish, most notably in Spain, whereas in Mexico and most other Spanish–speaking countries, México was the preferred spelling. In recent years, the Real Academia Española, which regulates the Spanish l
A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a corporation whose ownership is dispersed among the general public in many shares of stock which are traded on a stock exchange or in over the counter markets. In some jurisdictions, public companies over a certain size must be listed on an exchange. A public company can be unlisted. Public companies are formed within the legal systems of particular nations, therefore have national associations and formal designations which are distinct and separate. For example one of the main public company forms in the United States is called a limited liability company, in France is called a "society of limited responsibility", in Britain a public limited company, in Germany a company with limited liability. While the general idea of a public company may be similar, differences are meaningful, are at the core of international law disputes with regard to industry and trade. In the early modern period, the Dutch developed several financial instruments and helped lay the foundations of modern financial system.
The Dutch East India Company became the first company in history to issue bonds and shares of stock to the general public. In other words, the VOC was the first publicly traded company, because it was the first company to be actually listed on an official stock exchange. While the Italian city-states produced the first transferable government bonds, they did not develop the other ingredient necessary to produce a fledged capital market: corporate shareholders; as Edward Stringham notes, "companies with transferable shares date back to classical Rome, but these were not enduring endeavors and no considerable secondary market existed." The securities of a publicly traded company are owned by many investors while the shares of a held company are owned by few shareholders. A company with many shareholders is not a publicly traded company. In the United States, in some instances, companies with over 500 shareholders may be required to report under the Securities Exchange Act of 1934. Public companies possess some advantages over held businesses.
Publicly traded companies are able to raise funds and capital through the sale of shares of stock. This is the reason publicly traded corporations are important; the profit on stock is gained in form of capital gain to the holders. The financial media and the public are able to access additional information about the business, since the business is legally bound, motivated, to publicly disseminate information regarding the financial status and future of the company to its many shareholders and the government; because many people have a vested interest in the company's success, the company may be more popular or recognizable than a private company. The initial shareholders of the company are able to share risk by selling shares to the public. If one were to hold a 100% share of the company, he or she would have to pay all of the business's debt; this increases asset liquidity and the company does not need to depend on funding from a bank. For example, in 2013 Facebook founder Mark Zuckerberg owned 29.3% of the company's class A shares, which gave him enough voting power to control the business, while allowing Facebook to raise capital from, distribute risk to, the remaining shareholders.
Facebook was a held company prior to its initial public offering in 2012. If some shares are given to managers or other employees, potential conflicts of interest between employees and shareholders will be remitted; as an example, in many tech companies, entry-level software engineers are given stock in the company upon being hired. Therefore, the engineers have a vested interest in the company succeeding financially, are incentivized to work harder and more diligently to ensure that success. Many stock exchanges require that publicly traded companies have their accounts audited by outside auditors, publish the accounts to their shareholders. Besides the cost, this may make useful information available to competitors. Various other annual and quarterly reports are required by law. In the United States, the Sarbanes–Oxley Act imposes additional requirements; the requirement for audited books is not imposed by the exchange known as OTC Pink. The shares may be maliciously held by outside shareholders and the original founders or owners may lose benefits and control.
The principal-agent problem, or the agency problem is a key weakness of public companies. The separation of a company's ownership and control is prevalent in such countries as U. K and U. S. In the United States, the Securities and Exchange Commission requires that firms whose stock is traded publicly report their major shareholders each year; the reports identify all institutional shareholders, all company officials who own shares in their firm, any individual or institution owning more than 5% of the firm's stock. For many years, newly created companies were held but held initial
El Salvador the Republic of El Salvador, is the smallest and the most densely populated country in Central America. It is bordered on the northeast by Honduras, on the northwest by Guatemala, on the south by the Pacific Ocean. El Salvador's capital and largest city is San Salvador; as of 2016, the country had a population of 6.34 million. El Salvador was for centuries inhabited by several Mesoamerican nations the Cuzcatlecs, as well as the Lenca and Maya. In the early 16th century, the Spanish Empire conquered the territory, incorporating it into the Viceroyalty of New Spain ruled from Mexico City; however the Viceroyalty of Mexico had little or no influence in the daily affairs of the Central American isthmus, which would be colonized in 1524. In 1609 the area became the Captaincy General of Guatemala, from which El Salvador was part of until its independence from Spain, which took place in 1821, as part of the First Mexican Empire further seceded, as part of the Federal Republic of Central America, in 1823.
When the Republic dissolved in 1841, El Salvador became a sovereign nation formed a short-lived union with Honduras and Nicaragua called the Greater Republic of Central America, which lasted from 1895 to 1898. From the late 19th to the mid-20th century, El Salvador endured chronic political and economic instability characterized by coups, a succession of authoritarian rulers. Persistent socioeconomic inequality and civil unrest culminated in the devastating Salvadoran Civil War, fought between the military-led government and a coalition of left-wing guerrilla groups; the conflict ended with the Chapultepec Peace Accords. This negotiated settlement established a multiparty constitutional republic, which remains in place to this day. El Salvador's economy has been dominated by agriculture, beginning with the indigo plant, the most important crop during the colonial period, followed thereafter by coffee, which by the early 20th century accounted for 90 percent of export earnings. El Salvador has since reduced its dependence on coffee and embarked on diversifying the economy by opening up trade and financial links and expanding the manufacturing sector.
The colón, the official currency of El Salvador since 1892, was replaced by the U. S. dollar in 2001. As of 2010, El Salvador ranks 12th among Latin American countries in terms of the Human Development Index and fourth in Central America due in part to ongoing rapid industrialisation. However, the country continues to struggle with high rates of poverty and crime. Conquistador Pedro de Alvarado named the new province for Jesus Christ – El Salvador; the full name was "Provincia De Nuestro Señor Jesus Cristo, El Salvador Del Mundo", subsequently abbreviated to "El Salvador". Tomayate is a paleontological site located on the banks of the river of the same name in the municipality of Apopa; the site has produced abundant Salvadoran megafauna fossils belonging to the Pleistocene epoch. The paleontological site was discovered accidentally in 2000, in the following year, an excavation by the Museum of Natural History of El Salvador revealed not only several remnants of Cuvieronius, but several other species of vertebrates.
In the Tomayate site, they have recovered at least 19 species of vertebrates, including giant tortoises, Glyptodon, extinct horses, paleo-llamas and a large number of skeletal remains of proboscis genus Cuvieronius. The Tomayate site stands out from most Central American Pleistocene deposits, being more ancient and much richer, which provides valuable information of the Great American Interchange, in which the Central American isthmus landbridge played the title primordial role. At the same time, it is considered the richest vertebrate paleontological site in Central America and one of the largest accumulations of proboscideans in the Americas. Sophisticated civilization in El Salvador dates to its settlement by the indigenous Lenca people; the Lenca were succeeded by the Olmecs, who also disappeared, leaving their monumental architecture in the form of the pyramids still extant in western El Salvador. The Maya arrived and settled in place of the Olmecs, but their numbers were diminished when the Ilopango supervolcano eruption caused a massive Mayan exodus out of what is now El Salvador.
Centuries they themselves were replaced by the Pipil people, Nahua speaking groups who migrated from Mexico in the centuries before the European conquest and occupied the central and western regions. The Pipil were the last indigenous people to arrive in El Salvador, they called their territory Kuskatan, a Pipil word meaning The Place of Precious Jewels, backformed into Classical Nahuatl Cōzcatlān, Hispanicized as Cuzcatlán. The people of El Salvador today are referred to as Salvadoran, while the term Cuzcatleco is used to identify someone of Salvadoran heritage. In pre-Columbian times, the country was inhabited by various other indigenous peoples, including the Lenca, a Chilanga Lencan-speaking group who settled in the eastern highlands. Cuzcatlan was the larger domain until the Spanish conquest. Since El Salvador resided on the eastern edge of the Maya Civilization, the origins of many of El Salvador's ruins are controversial. However, it is agreed that Mayas occupied the areas around Lago de Guija and Cihuatán.
Other ruins such as Tazumal, Joya de Cerén and San Andrés may have been