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Get $ 1 Million to solve a maths puzzle

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A billionaire Dallas banker will give out  USD 1 million  as prize to anybody who can solve a mathematical problem that has baffled geniuses for years.

theorem prize 1 million

1 million prize for solving Beal conjecture  theorem

The American Mathematical Society (AMS) in Rhode Island has announced that the prize for the solution to the Beal Conjecture, a number theory problem, has been changed AND increased to USD 1 million.

The  Beal conjecture :

http://www.bealconjecture.com/

The conjecture is named for D Andrew ‘Andy’ Beal, (the Dallas banker) who has a strong interest maths and who provided the funds for the Beal Prize and is looking forward  to solution to his number theory.

The prize will be given

For a proof of solution

or a counterexample to, the Beal Conjecture.

An other previous maths  theorem that baffled geniuses “Fermat’s Last Theorem theorem” was proved in the 1990s by Andrew Wiles, together with Richard Taylor.

A  prize (USD 1,00,000.)for a solution to the Beal Conjecture was announced in 1997. To date, no correct solution to the problem has been found.

Andrew Beal Math Problem

The famous  Poincare Conjecture, was solved by Russian mathematician Grigori Perelman in works he made public in 2003 and he went on to turn down the monetary prize.

 

To earn this 1 Million Beal Prize

A  proposed solution must be published in a refereed mathematics publication which is respected and, in the opinion of the prize committee (selected by the AMS), maintains the highest editorial standards.

Australian Banks Half yearly reporting

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The banks have been doing good business, here are the half  yearly profit and loss reports for the big four banks here in Australia, Westpac , NAB, CommBank and ANZ.

Reporting season – Bank profits Australia 

gail kelly westpac ceo profit reporting 2012

 

Westpac 2012 | $3.209 Billion | May 3, Half year profit reporting
WESTPAC CEO – Gail kelly
Australia’s very own Gail Kelly has joined the ranks of Oprah Winfrey and Lady Gaga on Forbes magazine’s list of the world’s ten most powerful women.

Top banks australia Profit reporting 2012

NAB 2012 | $2.828 Billion | May 10, Half year profit

NAB CEO – Cameron ClyneNAB Chief executive Cameron Clyne reciived more than $1000  and hour in pay and perks last year according to media reports

ANZ 2012 | $2.925 Billion | May 2, Half year profit

ANZ CEO – Philip Chronican is Chief Executive Officer, Australia.
Philip oversees the Australian geography and is specifically responsible for the bank’s retail and commercial business and customers in Australia, as well as leading ANZ’s retail segment on a global basis

Commonwealth 2012 | $3.649 Billion | August, Half year profit
Commonwealth Bank – CEO Ian Narev
Ian Narev says CBA will step up its rollout of branches in Indonesia and China

Trader’s million dollar mistake makes Market almost collapse

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Both Fox News and CNBC reported that a trading error involving P&G stock could have been responsible for part of a  massive dip that dragged  and shocked the Dow Jones Industrial Average within a hair’s breadth of a 1,000-point drop.

 

The Dow fell 998.5 points, slipping well under 10,000 after a sudden sell-off that saw investors desert stocks .

A trade done by mistake may have been partially to blame for a huge crash in the US markets on Thursday, reports said, as observers questioned why Proctor & Gamble’s stock tumbled precipitously.

CNBC and Business Insider reported that a trader from Citigroup was to blame, though a Citi spokesman cautioned it was too early to tell what had happened. Suspicions that an error, whether mechanical or human, had contributed to the market dive emerged shortly after the Dow leveled off, and it began to climb almost as quickly as it had fallen.