Thursday, September 3, 2020

Business Culture of Singapore & Australia-Samples for Students

Question: Talk about the Business Culture of Singapore and Australia. Answer: Discerning for nation decision This report centers around the social components of the nation Australia. The nation has the mix of different societies which draw in remote organizations for the business development. Because of creative business culture, associations are attempting to enter in the nation. Nation has reasonable and direct method of correspondence process. In the immediate culture of nation, individuals communicate unreservedly and talk unmistakably in the conversations. Alongside this, the business and workplace of the nation is generally laid-back and there are acceptable director staff relationship in the associations. Alongside this, the workplace and business culture of the nation is the accord situated. Along these lines, this is the motivation to choose Australia for the examination. This nation is celebrated as the wine and fish nation over the world. One of the fundamental attractions of the nation is celebrations and occasions that pull in vacationers from a wide range of nations. Popular a s the wine nation on the planet, the nation produces world-class wine in excess of 10 unique assortments for the visitors (Yildiz, 2014). This locale is turning as one of the quickest developing vacationer goal in view of use done by guests in a decades ago. Australia is the nation which has reasonable and direct method of correspondence. This report centers around the social part of the host nation which is Australia and Singapore is considered as the nation of origin in this report. There is separation between the business culture of Singapore and Australia which is depicted in report. Alongside this, the report additionally centers around the Hofstede model of culture to investigate the social satiation if Australia fir business tasks. The social investigation of the nation incorporates correspondence rehearses, political and environmental circumstance of nation, nearby culture and the executives style of the nation. Social examination of Australia Multicultural nation There are individuals in Australia who originate from the different foundations. Numerous individuals in the nation have Irish and British foundations. At the hour of Second World War, numerous individuals originated from different European nations and various pieces of the world. In current time, 33% of Australians were conceived in another nation. This nation is well known decision for voyagers due the inns, transport, culture, nightlife, food, occasions and celebrations. The nation is the most significant the travel industry goal among the visitors. Along these lines, Australia is the nation of multi culture. Movement has helped the nation to turn into a unique nation. Political, social and conservative circumstance Australia has government established parliamentary majority rule government so Australians choose parliamentarians for the bureaucratic parliament. They have casting a ballot rights and it is significant for individuals to give vote. When individuals arrive at 18 years old, they are obliged to cast a ballot. The political circumstance of the nation permits individuals to live with the opportunity. Taking a gander at the social and financial parts of the nation, individuals have their very own government assistance. For example, neighborhood wrongdoing and open security, food and wellbeing, rights to essential administrations, balance of chances just as common and individual freedoms are the rights for Australians. Nearby culture The way of life of Australia is western culture which is fundamentally gotten from Britain yet it is affected by the one of a kind geology of Australian landmass. The most established enduring societies of the nation are Torres Strait Islander and Aboriginal individuals of Australia. The individuals in the nation are essentially open, laid back and direct. They for the most part say what they mean and are increasingly individual and cordial when contrasted with other culture. It is seen that multiple quarters of individuals in the nation are living in urban areas and urban focuses along the coast. Correspondence Correspondence is the significant theme in the business world. In Australia, there are a few parts of correspondence which must be mulled over. It is seen that the Australians esteem unequivocal quality over exchange. While imparting in the nation, Australians are not self limited time and in the business life, they show commitment and believability. This is the typical piece of their way of life. The nation has reasonable and direct method of correspondence. In the immediate culture of Australia, individuals state obviously and quickly without including heaps of setting. Alongside this, they utilize some non-verbal correspondence styles so the expressed message ought to be conveyed with all the significant data. At the point when an individual in Australia gives a message, he anticipates from the other individual to comprehend the message totally. This mirrors the viable business correspondence styles in Australia. The executives style There is the easygoing environment in Australia which is significant for the business. The Australian business culture is a lot of included with the assessment of the people. In this way, the way of life has consultative style of the board which incorporates open discussion. A remarkable extraordinary, it shows the polished methodology and devotion of the Australians. Administrators in nation don't disengage themselves from different individuals in the business. Business culture of Australia Australia is the second most individualistic culture on the planet after U.S. In the nation, business culture is more relationship arranged. It is centered around setting up trust, depending and supporting on the significant components of the business. The workplace and business culture of the nation is the accord situated. There are accord situated style instead of exceptionally mandate administration styles. Ranking directors for the most part talk with the subordinates while settling on the choices in the business. Regarding working together, Australians don't concentrate on having long-terms associations with the individuals (Vidal-Suarez Lopez-Duarte, 2013). Receptiveness There is the receptiveness in the business culture of Australia. Individuals are open and allowed to put their thoughts and perspectives for the business activities. There is the exceptionally esteemed culture in Australia. Individuals have qualities of the receptiveness and direct habits in which their day by day lives are associated. Australians are instructed and straight forward in their interchanges. They have string and fierce sentiments for other people. They generally esteem for the unequivocal quality and regard those individuals who express their own convictions and perspectives. In the business setting, Australians have new thoughts and they are roused to live conversation and discussion (Singh, Joshi Mandhan, 2014). Independence This is the one of a kind character of the Australians and this is the path embraced by them to communicate with others in the general public. Alongside this, there is one additional attributes of independence which must contemplate that it centers around the individual protection of separate individuals from the general population and spotlights on the private existence of individuals. Balance The Australian culture has the attributes of value. The nation has the way of life of uniformity where the distinctions in the status don't make a difference in the business. This culture in the general public stays away from the separation the individuals having high salary and status. In this manner culture incorporates shared regard for one another. There is uniformity in the Australian culture centers around all the parts of Australian life and business circle. The Australians maintain a strategic distance from scholarly capabilities, business achievement and individual accomplishments since this may apparent as organize (Akanni, Ahammad, 2015). Contrast with Singapore The way of life of Singapore centers around the drawn out working relations. It is seen that when contrasted with Australians, the chiefs of Singapore are increasingly dedicated towards the drawn out relationship in business. As far as social contrasts among Singapore and Australia, individuals in Singapore are real to life, direct, and state to their focuses with the fierce way. The methodology of Singapore culture is businesslike alongside the capacity to talk about any point. Alongside this, there is the huge contrast in the business culture of Australia and Singapore as far as the working hours. The working hours in Singapore are longer and progressively serious when contrasted with Australia. That can be a major social distinction in the work culture of Australia and Singapore. In the Singapore, values are less among the individuals and they are centered around the business. Then again, Australians have high good and qualities. Further, Singapore is increasingly managed and half way controlled when contrasted with Australia. In everyday issues, things happen quick in Australia when contrasted with the Singapore. There are a few contrasts among Singapore and Australia as far as business culture. In light of the a lot of characteristic assets, the economy of Australia has upper hand in creating different items like dairy, meat and wine. Alongside this, there are key exporters of minerals and coal, travel and coordinations and so on for the financial development. Then again, Singapore is the little land zone and there is the absence of assets yet nation has driven itself to advancements. As far as business dialects, Australia has no official language and English is spoken by the vast majority of the individuals in which 2.1 million individuals communicate in Asian language and 1.3 million communicate in European language. In Singapore, English is the business language and furthermore utilized by individuals there. The majority of the Singaporeans have gotten formal training. Hofstedes social measurements Hofstedes measurement of culture for the hierarchical exploration was done by the Greet Hofstede. This measurement can be utilized by different outside organizations while going to extend the business in the Australian market. There are five key measurements by which the association can break down the way of life of Australia. Force separation This measurement centers around the degree by which representatives have low force in the organization and association feel that the distrib

Saturday, August 22, 2020

Health care for undocumented immigrants Research Paper

Social insurance for undocumented settlers - Research Paper Example In some free markets, even the social insurance is left to advertise investments and at times it is left to the focal government. Anyway practically all nations follow the World Health Organization rules, which is a human services framework planned with a framework that is immaculate and gives faultless data on which different nations can put together their approaches and choices with respect to. (Hunnicutt, 2010) Since economy is one of the components that decide the sum spent on social insurance, it is just conceivable that it influences the economy too. It adds to the GDP of the nation and most created countries appear to spend significantly more than creating nations, for example, US, Switzerland and France. Since it is identified with the prosperity of individuals, it is a significant issue, and particularly in undocumented settlers who relocate into a nation and have similar needs however may not be getting human services; particularly the undocumented ones. Little pox as a mal ady was annihilated by World Health Organization in 1980 and this is the intensity of human services frameworks in the event that they were just given to undocumented workers. ... remain back significantly after their visa lapses and they have to return. 37 million of these undocumented migrants were living in the US in 2006. They originated from Mexico, Philippines, Brazil, Ecuador and different spots from everywhere throughout the world. They currently structure a fundamental piece of the nation, around 13%. A few settlers come lawfully and despite the fact that a large number of them are undocumented, there can be no estimation of what number of they are. A few investigations show that the level of illicit workers has diminished throughout the years. They normally need medical advantages, for example, general medical coverage. The motivation behind why a significant number of these individuals relocate is on the grounds that US requests laborers which they see as a chance. Furthermore, they acknowledge lower wages and take administration employments that don't pay medical coverage. They likewise face obstructions in accepting any medical advantages. In 1996 , the greater part of them were not qualified for Medicaid till they finished residency of five years in the US. At that point they became legitimate proprietors of the administrations gave by Medicaid. Be that as it may, for undocumented workers this offer doesn’t stand, regardless of how long they have remained in the US. (Chavez, 1992) Therefore about 60% of foreigners won't have any choices for getting medical advantages. They just depend on little offices like centers yet they appear to be restricted both regarding skill and their sums in provincial also urban territories when contrasted with the quantity of workers that are attacking the nation. They are getting incapable to give human services and consequently these residents get less essential consideration than the residents. Be that as it may, they add a lot to the nations in general expenses. (Fernandez, Robinson, and Division., 1994) Objective In United States, undocumented

Friday, August 21, 2020

Ergonomics Essay Example | Topics and Well Written Essays - 3500 words

Ergonomics - Essay Example Discoveries from these techniques have then been reenacted and investigated independently. Explicit techniques and practices have been proposed to address the distinguished holes, keeping human mental and persuasive prerequisites. The examination additionally sets up connection between ergonomics-related word related wellbeing and hierarchical execution. Word related wellbeing through proper ergonomics of work environment has been perceived as one of the essentials prerequisite to accomplish hierarchical proficiency in the long haul. It impacts the psychosocial attributes of work environment and somewhat decides authoritative culture. The attributes include wellbeing related issues in laborers like physical wellbeing (e.g., cardiovascular infection, ceaseless spinal pains, slip plate and other musculoskeletal issue) and emotional wellness issues, for example, dullness followed by despondency. With the assistance of investigation of word related wellbeing and research, issues, for example, word related pressure, disease, injury can be taken care of and practices to forestall such dangers can be executed in an orderly way. Ways to deal with both physical and mental prosperity are extraordinary; nonetheless, either can't be accomplished without the other. This requires use of brain research to improve the nature of work life and to ensure and advance the wellbeing, wellbeing and prosperity of representatives. Other than practices to advance sound ways of life and work practices, work-site intercessions should be structured and ought to be compelling in lessening dangers of injury and wellbeing related issues. Word related wellbeing is, specifically, worried about the emotional change of work and business and the changing authoritative structures and procedures that are impacting the wellbeing and prosperity of laborers and their families (Bullinger, 2000; p.9) A significant thought in ergonomics

Sunday, May 17, 2020

The Civil War Bloodiest War in American History Essay

At what one might call the climax of the bloodiest war in American history, there were two men who had a bond that was much stronger than this all-consuming war. These men had enough faith in each other and in themselves to help them through the war. Both men were fighting for what they solely believed in and even with their different opinions, they still had each other’s back when they didn’t have each other. The friendship of Lewis Armistead and Winfield Hancock shows that even one of the strongest forces, war, is still weaker than the friendship these men two held for a majority of their lives. Holding a friendship through a major disagreement is difficult, but these men were able to maintain their strong-willed friendship through more†¦show more content†¦The friends never saw each other again, until their armies met at the battle of Gettysburg during Pickett’s Charge (Brothers War). The Battle of Gettysburg had been raging on for 2 long days. The men on both sides were tired and ready to surrender. The Union had the advantage of all the high elevated places with the fish hook position, making it near impossible to attack the Union from downhill. Lee was frustrated and was eager to win the war, so he called for Pickett’s Charge for one last blow on the center of the Union lines (Pickett’s Charge, Civil War). There were approximately 10,000 deaths in Pickett’s Charge alone, and one of those deaths was Lewis Armistead. Armistead was leading the Confederate soldiers toward Cemetery Ridge when Armistead was shot in the leg. As he lay on the ground, he asked for Hancock. Armistead was told that Hancock had also been hit, and he replied with, â€Å"No, not both of us.† (Shaara 329). That day Armistead died on the battlefield where many others were slain (Shaara 329). The relationship between the Confederate States of America and the United States of America was falling apart, unlike the strong friendship of Armistead and Hancock. Approximately 650,000 soldiers lost their lives in the Civil War (Dennis Gaffney, History). This means that all the men who died were killed by their former countrymen. Just as it would be hard forShow MoreRelatedThe Civil War Was The Bloodiest War Of American History1759 Words   |  8 Pages The Civil War was the bloodiest war in American history, as the schism between the North and the South turned friends into foes and brothers into sworn enemies. While this war is widely known for the battles that took place upon the land, the United States Navy contributed to the war effort upon the sea and rivers as well. Secretary of the Navy Gideon Welles had three objectives for the Navy during the Civil War and one of them was to blockade the Confederate State of America. The overall goalRead MoreAmerican History: Bloodiest Battle of the Civil War in South Carolina1194 Words   |  5 PagesSouth Carolina was an important key player during the Civil War. 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(Weider, The Civil War, 1) In this paper the reader will learn about important dates of the war also about 4 of the bloodiest battles in the war; the BattleRead MoreAbraham Lincoln And The Civil War1283 Words   |  6 PagesThe American Civil War was the bloodiest war in American history, and the impact was felt on many levels. Various estimates put the deaths during the Civil War at between 600,000 a nd 700,000. The last figure is the result of better research of existing death records and casualty lists (Isenhour). In order to understand the complexity of the Civil War, one must understand Abraham Lincoln. Abraham Lincoln was elected in 1860 (History 1). He was elected as the 16th president (History 1). AfterRead MoreThe American Civil War: The Bloodiest War1190 Words   |  5 Pages On April 12, 1861 decades of building tensions between the northern and southern United States erupted into the American Civil War. 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Three short years later, the first shots of the Civil War would be fired at Fort Sumter. Brothers fighting brothers, killing 620,000 of their own. This would be the start of the bloodiest war in American history. The debate over popular sovereignty, the conflicting opinions on slavery, and the publicationRead MoreEssay about The American Civil War876 Words   |  4 PagesThe United States has been involved in many wars throughout history. Americans have fought and died in many wars such as the war for independence in World War I to Desert Storm. One of the bloodiest wars in our nation’s history is without a doubt is the Civil War. Prior to the beginning of the Civil War, the country was divided by the issue of slavery. When President Lincoln was elected to office, several states seceded from the Union. During this war, â€Å"Over six hundred thousand men died, and hundredsRead MoreThe Battle Of Antietam And The Civil War876 Words   |  4 Pages Ryan Prendergast Morrow A/B American Studies First Draft Neil Armstrong, the first man on the moon, uttered the words,That’s one small step for man, one giant leap for mankind. This meaningful sentence perfectly represents the Battle of Antietam as a turning point in the Civil War and its effect on America decades later. The small step was one man s step on the moon just like the Battle of Antietam was just another battle during the Civil War, but they were short and impactful events that

Wednesday, May 6, 2020

Which Is More Effective at Bringing about Political...

The purpose of this essay will be to determine whether New social movements or New politics parties are more effective with bringing about change with a focus on green politics. I will look at the structures of a political system that enables Green political parties to gain representation. Often Green political parties start from grassroots social movements, which can make it difficult to separate the influence that they have on policy change from the movement. Traditionally New political parties, with the exception of Green and new religious parties (Boyeller, 2014), struggle to gain and retain some control in government due to the resilience of traditional parties (Siavelis 2006). This occurs due to New political parties being largely based on only a few issues (Siavelis, 2006), which then becomes irrelevant when the issue is absorbed by the traditional party. In contrast, Greens parties often take on range of post-materialist issues (Kitschelt 1993) in addition to ecological issues. Greens parties are considered some of the ‘most successful in terms of persistence and sustainability’ (Boyeller 2014) of the New politics parties. However their success is somewhat dependent whether the system favours a two-party system or proportional multi-partism. I will discuss the popularity of Green parties in proportional representation multi-party systems in Europe and the Australian Senate. In most cases, new political parties form when new issues are not being addressed byShow MoreRelatedBlack Power as Interpreted by Stokely Carmichael Essay1718 Words   |  7 Pagesaddressing such â€Å"inconvenient† problems. When the current power structure leaves those at the top of it in a particularly comfortable state, the desire to make changes that would only allow for others to have equal chance to take such a seat is unlikely. This state of push-and-pull is far from one that would allow any sort of true social progress for Blacks, and when the power holding demographic does see fit to establish a state that coincides with the favor of the minority, it is rarely for theRead MoreLegal Status of Unions1385 Words   |  6 PagesLegal Status of Unions Legal Status of Unions The history of the American labor movement coincides with the development of labor unions in the United States, from the initial local craft unions like the Federal Society of Journeyman Cordwainers (shoemakers), to the formation of national unions such as the National Labor Union (NLU) and the Knights of Labor, creation of the American Federation of Labor (AFL), and the Congress of International Organizations (CIO), the merger of the AFL-CIO, andRead MoreA Campaign Advisor For An Emerging Political Party Essay1623 Words   |  7 PagesI am a campaign advisor for an emerging political party called the Egalitarian Party of the United States. This party is still quite new on the political scene and lacks widespread credibility. Nonetheless, we are hoping to have a definitive impact on the upcoming federal election in the hopes of generating a strong base of support and priming ourselves for great prosperity in the near future. For our party, the issue that is of most significant and p ressing consequence in United States is that ofRead MoreThe Progressive Movement Of The American Progressive Era1259 Words   |  6 PagesEra there is really no other movement like it. This was a movement that had not just one but many faces that ranged from people as big as Theodore Roosevelt and Woodrow Wilson to people like Jane Addams that accomplished so much. It was a movement so broad that it encompassed basically everyone and spoke not just to but for all those excluded from power. It also wasn’t just one big movement but a conglomeration of them varying from social, to economic, to political. After the Gilded Age and theRead More Occupy Wall Street Movement Essay1449 Words   |  6 PagesOccupy Wall Street Movement If heavy student loan debt , soaring tuition fee, climbing taxes, plummeting financial aid, nose-diving employment opportunities, exacerbating inequality between common people and wealthy class, are some of the issues that infuriate you and lead you to blame government’s generous bailing out failed banks and other financial institutions then you cannot not know about Occupy Wall Street(OWS) movement. List all information you know about your subject Occupy Wall StreetRead MoreJapan s Influence On Japan1552 Words   |  7 Pagescenturies, Japan went through different political transformations and iron fisted rulers which shaped its present standing, starting from a nation of regionally independent governments to a more unitary system. However, since the birth of their first political models, Japan has strongly maintained their hierarchical system which still dominates their bureaucratic organization today. In this essay, I would like to briefly revisit the inception of the early political systems in Japan, from some of theirRead MoreAmerica s Rapid Industrialization During The Progressive Era1352 Words   |  6 Pagesentered the 20th century, the country entered a time period known as the Progressive Era. This era was one defined by political reform and social activism as well as myriad of problems arising from America’s rapid industrialization. During the Progressive era, America faced several international, political, and social challenges that would set us on the road to the society in which we now live. During the Depression of the 1890s, the National Association of Manufacturers argued that the AmericanRead MoreHow Has Feminism Developed? America, And How Have These Developments Changed Its Public Perception? Essay1239 Words   |  5 Pagesfeminism be unified as a cohesive movement again? Feminism is often used as an umbrella term describing many different strains of similar ideologies and movements. It classifies the Suffragette movement in the late 19th and early 20th centuries, to Betty Friedan’s Feminine Mystique, to today’s initiatives for equal pay. Considering what â€Å"feminism† has represented throughout many different moments in history, it is easy to understand why feminists often disagree about what the ideology actually representsRead More The Role of Nelson Mandela and President De Klerk in Bringing about the End of Apartheid in South Africa2222 Words   |  9 Pagesthis was a social system enforced by white minority governments in twentieth-century upon those of ethnic minorities in South Africa. Under apartheid, the black majority was segregated, and was denied political and economic rights equal to those of whites, this had become a distressing daily routine for the Africans. Therefore in 1991 when De Klerk announced the end of Apartheid, this was a momentous moment for the whole of South Africa and an event, which shall be rememberedRead MoreStudent Role in Politics3420 Words   |  14 Pagescivil rights cause. It was the beginning of a youth movement that ultimately changed the face of America, as it touched everything from race relations to women’s rights to war and peace. Four decades later, could students once again provide the energy and idealism that drive social and political change? The results of our national survey among college students suggest that the potential is indeed there. Indeed, the civil rights and women’s movements are now a source of inspiration. And if this potential

Tuesday, May 5, 2020

Luotang Power free essay sample

Luotang Power Company started in 1994 as an idea for a 600 Mega Watt coal-fired power plant in Central China that would be the least polluting of its size in the area. The bid to develop, finance, and operate the plant was won by an American independent power producer. One very important term was that the Loutang Power Company would be contracted on a build, operate, and transfer (BOT) basis and the factory would be given to the Chinese government after 20 years of operation at no cost. The US company provided $500 million in total financing, negotiated a fixed price for a coal supply with moisture content between 4%-6% with Pingdingshan, and contracted with HPPC for a minimum annual electricity purchase of 3,000,000,000 MWh annually, with excess sales at 65% of normal selling price. In 2002, the US independent power company sold its interest in Luotang to Hua Tong Power or â€Å"HT Power†. Commercial operation officially began in 2004. Situation Tan Min Yi, General Manager of Luotang Power Company, is preparing to present the 2011 Report of Operations to the Board of Directors of HT Power. This will be an especially difficult task because the financial reports showed poor performance in 2011 compared to the years prior. Tan knows his company improved both plant availability and fuel economy. He hopes to show the Board that certain price and efficiency factors are skewing the numbers and are out of his control. He will have to break down the volume changes by quality variance, price variance, fuel efficiency variance, and fuel cost variance to most accurately explain the losses. Tan would also propose that he formula for fixed costs be revised to help close the large gap between standard and actual costs. Not only should his presentation prove that his team performed well and that he is worthy of a promotion, but it should help guide HT Power on future power plant investments. Variance Evaluation The Summary of Recent Operating Performance provides the information needed to calculate the price and efficiency variables for Luotang Power Company for 2009-2011. Data Analysis Several conclusions can be drawn from examining the cost and efficiency variance data. Price variance is favorable overall. Price per MWh sold increase for both the normal take and the excess energy sold to HPPC. The sales mix in 2011 played a large part in that success because excess sales at the lower rate (only 65% of original price) were lower. However, all other calculated variances were unfavorable. Poor quantity variance from 2010-2011 was most likely due to HPPC being able to produce some electricity on its own and lower forecasted future demand. As mentioned, the amount sold at the excess rate in 2011 had decreased significantly from 2010. Fuel efficiency, the amount of coal needed to produce a MWh of electricity, also decreased significantly from 2009-2011. This supports Tan’s hypothesis that they are being sold lower quality coal from Pingdingshan. That also explains the unfavorable fuel cost variance. Luotang needs more coal to produce the same amount of electricity than in years past as well as having to pay for storage of coal that needs to be dried out before it can be used. Fixed cost variances were extremely unfavorable. Luotang estimated standard fixed cost per MWh by dividing estimated annual total fixed costs by plant capacity (in MWh per annum previous year). This method creates a large, underestimated variance in the actual depreciation expense and standard by $4,445,900. Fixed operating and maintenance was also underestimated by $5,890,000. Recommendations Coal quality is the major issue to be address to the HT Power Board of Directors. The poor quality of these inputs makes the accuracy of the 2011 Report of Operations so difficult to interpret. A coal supply that is on the lower end of quality, yet still within the accepted range, effects both the fuel efficiency and fuel cost variances. In addition, having to store the coal longer to dry out the excess moisture is costly and a fire hazard. It should be recommended that Luotang implement new ways to effectively manage its coal vendor. That may be to negotiate a smaller quality specification range than 3% or to create some sort of incentive for Pingdingshan to deliver coal on the higher end of that range. They may also leverage their original agreement with the fact that using more coal than originally planned puts Luotang in danger of violating the Chinese and World Bank emission standards. By better managing the quality, Luotang can effectively use less coal decreasing costs and raising profits. Tan Yi should follow his instinct to change the accounting performance system formula for standard fixed costs. The recommendation is his idea of basing fixed costs only to the contractual minimum of 3,000,000 MWh rather than the actual generation from the previous year. Dividing over a smaller denominator would increase the fixed costs per MWh reducing or possibly eliminating the unfavorable variances. Overall, this will improve the reporting and evaluation of the company. This change would also result in excess electricity only including variable costs which would better reward excess sales performance and compensate for its lower price. When considering expansion, a 2000 MWh addition would not be recommended because Luotang cannot guarantee that HPPC will need the additional electricity. Tan needs to make the Board understand that HPPC controls excess sales and makes them almost impossible to forecast accurately. It is in their best interested to recover their investment and maximize the profits on the guaranteed 3,000,000 MWh contract for the remaining years of operation before giving the factory back to the government.

Sunday, April 19, 2020

My Family and Other Animals. Birds, Beasts and Relatives Review Essay Example

My Family and Other Animals. Birds, Beasts and Relatives Review Paper Essay on My Family and Other Animals. Birds, Beasts and Relatives I am writing this review because it was surprised to see how few people read Gerald Durrell. In vain! Remarkable, extraordinary writer! Beautiful stylist, fun and funny storyteller, and an acute observer, to all this, the famous scientist and naturalist. Therefore, it is a small epic of the years he spent with his family on the island of Corfu, read with a smile, interest and surprise. With a smile, because Darrell that grew in surrounded by books, and next to his brother-writer, said with an indescribable humor as events in his family and the animal world the biggest hobby since childhood. No boring descriptions of animals is not in sight, on the contrary, with absolute scientific rigor, Darrell finds such practices and expressions of animals of the story ( he (the dove) uncannily like the famous opera singer, who walked, puffing out his chest on deck of a cruise ship and prepared to break out the aria, it (the bird) sitting, swallowing as the Dowager Duchess, who choked sorbet at the ball ) that make even small wildlife enthusiasts read with interest the chapter devoted to the little animals. But, by the way, in the words of the author himself, his family, after he let it in the book, significantly pushed and almost replaced the animals. With that, Durrell describes the events from the perspective of themselves a decade, it is still not a childrens book, a f unny and good memories of an adult, sometimes anecdotally funny, sometimes ironic. We will write a custom essay sample on My Family and Other Animals. Birds, Beasts and Relatives Review specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on My Family and Other Animals. Birds, Beasts and Relatives Review specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on My Family and Other Animals. Birds, Beasts and Relatives Review specifically for you FOR ONLY $16.38 $13.9/page Hire Writer An interesting book describing the marvelous nature Corfu accurate and amusing observations of the nature of the Greeks. A surprise and delight gives me the ability to Gerald Durrell look at life simple, fun and good-natured For those who know English, I advise you to read the original:. Even the most beautiful interpreter is not always possible to pass a funny accent, game words or irony of the writer. one more thing. This book is in stores are often placed on shelves or with children, or with the scientific and popular literature. But My Family and Other Animals neither one nor the other! This is something special. Its Darrell!

Sunday, March 15, 2020

Finding God in the Movies essays

Finding God in the Movies essays Ever since I was twelve years old, when I moved from New Jersey to Pennsylvania, I became addicted to movies. My mother would rent me one or two videos a week and pretty soon it ballooned into four a week. I loved to memorize who was in what and what they were coming out with next. As time went on, my passion for film blossomed into the older films and foreign flicks. Pretty soon, while I was at college, I made a decision that I wanted to become a film critic. The only dilemma was that people would tell me that I would have to submit myself to all the garbage that movies commit to celluloid. But I had made a conscious decision that not all, even most, of the films out there were garbage and that there was a way for me to intertwine my passion for Christ and my smaller passion for film. In the book, Finding God in the Movies: 33 Films of Reel Faith, it is said that the word enthusiasm comes from two Greek words: en and theos, which means in God. Im very enthusiastic about film and the stories they tell. It is important to understand at the outset my passion for film in both sense of the word enthusiasm. I enjoy watching movies; they are very entertaining. I also find God present in most films and I believe these can be inspirational. Hopefully, I can explain why I think its important not to overlook all films that appear to be immoral, or specifically ones that are rated R. God is in the midst of life all of it and this includes the movies. In order to prove how influential the movie business is in our society some statistics should be shown. Hollywood is a big business and the amount of money that people put into the entertainment industry is overwhelming. In 2002 alone, Americans spent over $9 billion on movie tickets, which at the time was a record. Spider-Man was a huge blockbuster, grossing $115 million in its first weekend of release ...

Thursday, February 27, 2020

Financial Management Assignment Example | Topics and Well Written Essays - 2500 words

Financial Management - Assignment Example Financial structure refers to the right side of the firms or organizations balance sheet detailing how the assets are financed including debt as well as shares. In other words, financial structure refers to the way in which the organizations assets are financed. Like all other organizations, Manchester fire and rescue service too have a financial structure. The finance of the organization are managed by departmental managers and consists of a team which manages the payroll of the service employees, control the annual budgets as well as provide general financial advice to the managers (Organizational Structure. 2011). The Manchester fire and rescue service in its budget in 2009-10 has set aside 0.9 million pounds for effective governance, 22.2 million for community fire safety, 0.4 million for emergency planning and civil defense, and 95.8 million for fire fighting and rescue operations. Majority of the funds necessary for the purpose would be available from percepts which is money th at is paid by the metropolitan district authority collected as part of council tax. Moreover it also receives funds through national non domestic rates which are businesses rates that are set up by and paid to the government and redistributed based on population. It also receives revenue support grant which is paid by the authorities from national taxation to provide funding to operate local services. Majority revenue share for the fire service organization is expected from national domestic rates. Revenues from percepts and revenue support grants follow. The financial allocations of Manchester fire and rescue services are done through financial annual budgets. Allocations and spending are strictly according to the preplanned budgets. The annual budgets expresses in financial terms the priorities determined by the members of the authority moreover it sets out the plans for service provision in the coming year. The budgets that are prepared reconsider objectives, reassess priorities as well as reexamine the way in which the service delivery is achieved currently. This is because the budgets that are prepared should be in line with the needs of the authority against the cost to local tax payers’ while operating along with governmental guidelines. To get allocation of funds from the government and its agencies all financial plans, allocations and spending should be done according to governmental guidelines. Therefore the authority has developed a three year financial planning process. The government also has a hand to determine the resources that pass through this three year process. The government has announced formula grant for the next three years starting from 2009 to 2011. The average increase in grants will be 1.4%. The collection fund surplus remains at 0.113 million pounds. Given all these increases, the Manchester fire and rescue authority has to frame its own strategies and plans to achieve the planning objectives on the basis of governmental pol icies. Governmental policies should be followed strictly because all major funding for operations are coming from the government. With regard to capital expenditure programme, replacements and upgrades requires resources in excess of supported borrowing approval from the government. There should be separate revenue budgets and capital expenditure programmes. The balance between the revenue and capital budgets is to be determined by the authority to achieve a balanced budget plan. The

Tuesday, February 11, 2020

Oceania Research Paper Example | Topics and Well Written Essays - 2500 words

Oceania - Research Paper Example Polynesia is made up of more than 1000 islands spread over central and South Pacific Ocean. The occupants of Polynesian are called Polynesians. According to the history, the occupants were sailors who used stars to determine night hours. The land is about 70 million sq miles of Pacific Ocean. Polynesia is made up of two different cultural groups, east and west Polynesia. The culture of west belong to high populations, it is made up of well build institutions of marriage, well developed judiciary, financial and trading traditions. The groups that occupy this area are the Tonga, Niue, Samoa and Polynesian outliers. According to the (Richard, 2011) the eastern part is adapted to small islands such as cook, islands, Tuamotus, Marquesas, Hawaii, and Rapa Nui. The leaders were appointed based on their blood hereditary. The settlement in the area was of two categories, the hamlet and village, the size of an island was the determining factor on whether the hamlet or a village will be build. In the large volcanic islands, the hamlet was mainly built because of many zones; these zones could be divided all over the islands. Villages were established on the coast of small islands and it consist of 40 or more houses. Melanesia extends from Arafura Sea to the western part of Pacific Ocean, and Fiji to the east. The people occupying the region are called Melanesians and are believed to be he ancestors of Papuan speaking people. The number of languages in Melanesia is about 1320 and they are scattered across the land. The leaders were appointed based on the individual personality not through inheritance or blood like the Polynesians. The key components for leadership were power of persuasion, selecting high placed woman as a partner and many other physical factors. Micronesia lies to the Melanesia to the south and to the east is Polynesia; Philippines to the west and Indonesia to southwest. Micronesia is made up of 607 islands and it has four states, Chuuk, Yap, island of Kosr ae and Ponpei. The original languages of Micronesia indigenous people are in a class of Austronesia language family (Richard, 2011). The island was colonized by Spain in 17thcen. Later on the Germans purchased it from the Spanish in 1899. The Japanese fought out the Germans from the island in 1915 but American forces took over from the Japanese during the world war 11. The Micronesia culture is one of the last to develop in the region; it is a mixture of Melanesians, Polynesians, and Filipinos. One of the main ethnic groups in the region is Fijians. Fijians arrived at Fiji when it was already occupied by the Melanesians, but Melanesians was still weak since they were still new in the area. Due to their strong war tools, they managed to fight out Melanesians and occupy the area. Due to the conflict between the two groups, Fiji ends up being a place of relentless and bloody conflict. The early missionaries and traders who visited the islands show the details of extreme violence and ca nnibalism. In the Fijian culture, warfare, cannibalism and religion were interdependent (Richard, 2011). The traditional rights and customs demand bodies and sacrifices to be carried out for the security of the society, at the same time for a war to be carried out successfully; it needs the mediation of priest and the help from

Friday, January 31, 2020

Honors Essay Example for Free

Honors Essay For how I firmly am resolved you know; That is, not bestow my youngest daughter Before I have a husband for the elder: If either of you both love Katharina, Because I know you well and love you well, Leave shall you have to court her at your pleasure. † In these lines, we are introduced to Baptista, a father who wants to find a husband for his oldest daughter, Katharina. The conflict of the play is also introduced as Baptista has decided that his youngest daughter cannot marry until Katharina does. These lines provide readers with some background information on Baptista and his daughters, as well as their familial relationship. They also reveal that while Baptista loves both of his daughter’s, he is at a loss for how to manage his oldest daughter, Katharina. Exposition Act 1, Scene 1 Lucentio: â€Å"Tranio, since for the great desire I had To see fair Padua, nursery of arts, I am arrived for fruitful Lombardy, The pleasant garden of great Italy;† In these lines, we get the first glimpse of where the setting is. The readers get a chance to see the descriptive environment of Italy with the â€Å"pleasant garden†. We are also introduced to Lucentio and Tranio in this part of the play where they are visiting this part of Italy because they had that desire to go there. Rising Action Act 2, Scene 1 KATHARINA: â€Å"Of all thy suitors, here I charge thee, tell Whom thou lovest best: see thou dissemble not. † BIANCA: â€Å"Believe me, sister, of all the men alive I never yet beheld that special face Which I could fancy more than any other. † KATHARINA: â€Å"Minion, thou liest. Ist not Hortensio? † BIANCA: â€Å"If you affect him, sister, here I swear Ill plead for you myself, but you shall have Him. † KATHARINA: â€Å"O then, belike, you fancy riches more:You will have Gremio to keep you fair. † BIANCA: â€Å"Is it for him you do envy me so? Nay then you jest, and now I well perceive You have but jested with me all this while: I prithee, sister Kate, untie my hands. † KATHARINA: â€Å"If that be jest, then all the rest was so. † In these lines, Katharina begins attacking Bianca for no reason at all. Katharina begins questions Bianca out of the blue about which of the suitors does she want the most while Bianca has no clue where this question is coming from, but Bianca assumes that Katharina wants one of the suitors for her and has been acting around her to get what she wanted. Climax Act 3, Scene 2 KATHARINA: â€Å"No shame but mine. I must, forsooth, be forced To give my hand, opposed against my heart, Unto a mad-brain rudesby, full of spleen, Who wooed in haste and means to wed at leisure. I told you, I, he was a frantic fool, Hiding his bitter jests in blunt behavior, And, to be noted for a merry man, He’ll woo a thousand, point the day of marriage, Make friends, invite, and proclaim the banns, Yet never means to wed where he hath wooed. Now must the world point at poor Katherine And say, â€Å"Lo, there is mad Petruchio’s wife, If it would please him come and marry her! † In these lines, Katharina is upset that the groom has not arrived to their wedding yet. And she begins blaming Lucentio for her being forced to marry this guy when she knew what the groom’s plans were. Katharina says that all the groom did it for was the friends and fame of proposing to women then not showing up to the date of the wedding and this made her even more mad, like she wanted to kill somebody. Falling Action Act 4, Scene 1 KATHARINA: â€Å"I pray you, husband, be not so disquiet:The meat was well, if you were so contented. † PETRUCHIO: â€Å"I tell thee, Kate, twas burnt and dried away; And I expressly am forbid to touch it, For it engenders choler, planteth anger;And better twere that both of us did fast,Since, of ourselves, ourselves are choleric, Than feed it with such over-roasted flesh. Be patient; to-morrow t shall be mended,And, for this night, well fast for company: Come, I will bring thee to thy bridal chamber. † In these lines, Katharina and Petruchio have already married and now they are at Petruchio’s house where he will boss around all of his servants. And Katharina is trying to calm Petruchio down because one of the servants brought out burnt meat and he wanted everything to be perfect for his wife. Resolution Act 4, Scene 5 PETRUCHIO: Why, how now, Kate! I hope thou art not mad: This is a man, old, wrinkled, faded, witherd, And not a maiden, as thou sayst he is. KATHARINA: Pardon, old father, my mistaking eyes, That have been so bedazzled with the sun That everything I look on seemeth green: Now I perceive thou art a reverend father; Pardon, I pray thee, for my mad mistaking. In these lines, Petruchio seeks an elderly man in the direction they are heading. But Katharina eyes are blinded by looking at the sun for too long and she mistakes the old man for a little girl. But altogether this is after all the arguing that were going on and now they are spending time together on their way to Katharina’s father’s house.

Thursday, January 23, 2020

Dialogical and Formalistic Approach to Thomas Grays Elegy (Eulogy) Wri

Dialogical and Formalistic Approach to Elegy (Eulogy) Written in a Country Churchyard Elegy in a Country Courtyard, by Thomas Gray, can be looked at through two different methods. First the Dialogical Approach, which covers the ability of the language of the text to address someone without the consciousness that the exchange of language between the speaker and addressee occurs. (HCAL, 349) The second method is the Formalistic Approach, which allows the reader to look at a literary piece, and critique it according to its form, point of view, style, imagery, atmosphere, theme, and word choice. The formalistic views on form, allow us to look at the essential structure of the poem. "Elegy Written in a Country Churchyard" by Thomas Gray shows aspects of both Dialogical and Formalistic Approaches. Gray's uses dialogic opposition, the way the author chooses to form his work so that the reader can interpret the characters' actions and words without the direct intervention of the author. (HCAL, 354) Gray lists the lifestyles of many different people in lines 32- 60. These stanzas cover all the different types of people that are buried in the churchyard. We can interpret the lifestyle and actions of the other characters because we have the ability to associate and connect what the narrator is telling us. By using the dialogic opposition, this allows the reader to identify the multiple types of characters in the poem, even if they don't all have dialogue. Bakhtin's definition points toward a parallel between issues of knowledge and power among the characters and those between the author and the reader. In both cases, knowledge is best thought of as dialogic rather than monologic, as open to the other rather than closed, as addres... ...defining words. The symbolism is to show the reader and the audience that life is only for so long. Once that old age is reached your youth is over. Try and accomplish all that you can when you have the time and the energy, because we are all going to be in the same place as all the characters in the churchyard before we know it. Gray uses imagery and symbols very well, and smoothly pulls the attention of his readers in to the poem. Gray's use of language and other literary devices allows readers to look at the poem from two different aspects. Dialogical and Formalistic, two completely different types of critiques. However, both let the reader look at the poem in completely different ways and see the many different aspects of the writing. Thomas Gray's "Elegy in a Country Churchyard", is a fine example of showing the dialogical and formalistic approach in a poem. Dialogical and Formalistic Approach to Thomas Gray's Elegy (Eulogy) Wri Dialogical and Formalistic Approach to Elegy (Eulogy) Written in a Country Churchyard Elegy in a Country Courtyard, by Thomas Gray, can be looked at through two different methods. First the Dialogical Approach, which covers the ability of the language of the text to address someone without the consciousness that the exchange of language between the speaker and addressee occurs. (HCAL, 349) The second method is the Formalistic Approach, which allows the reader to look at a literary piece, and critique it according to its form, point of view, style, imagery, atmosphere, theme, and word choice. The formalistic views on form, allow us to look at the essential structure of the poem. "Elegy Written in a Country Churchyard" by Thomas Gray shows aspects of both Dialogical and Formalistic Approaches. Gray's uses dialogic opposition, the way the author chooses to form his work so that the reader can interpret the characters' actions and words without the direct intervention of the author. (HCAL, 354) Gray lists the lifestyles of many different people in lines 32- 60. These stanzas cover all the different types of people that are buried in the churchyard. We can interpret the lifestyle and actions of the other characters because we have the ability to associate and connect what the narrator is telling us. By using the dialogic opposition, this allows the reader to identify the multiple types of characters in the poem, even if they don't all have dialogue. Bakhtin's definition points toward a parallel between issues of knowledge and power among the characters and those between the author and the reader. In both cases, knowledge is best thought of as dialogic rather than monologic, as open to the other rather than closed, as addres... ...defining words. The symbolism is to show the reader and the audience that life is only for so long. Once that old age is reached your youth is over. Try and accomplish all that you can when you have the time and the energy, because we are all going to be in the same place as all the characters in the churchyard before we know it. Gray uses imagery and symbols very well, and smoothly pulls the attention of his readers in to the poem. Gray's use of language and other literary devices allows readers to look at the poem from two different aspects. Dialogical and Formalistic, two completely different types of critiques. However, both let the reader look at the poem in completely different ways and see the many different aspects of the writing. Thomas Gray's "Elegy in a Country Churchyard", is a fine example of showing the dialogical and formalistic approach in a poem.

Tuesday, January 14, 2020

Conrail Case

Conrail G455: Corporate Restructuring Team 7 1) Why does CSX want to buy Conrail? In an industry beset by limited options to consolidate domestic rail traffic, CSX looked at Conrail as an avenue to increase market share and gain access to the North East rail network. With air travel, road travel and trucking taking an increasing share, significant revenue growth became difficult. As Conrail became profitable, Congress explored ways of privatizing it, giving CSX an opportunity to acquire Conrail.Though Conrail suffered from performance inefficiencies it had certain strengths relative to CSX and Norfolk with respect to highest revenue per mile of track operated, per carload originated etc. Conrail with operating revenue of $3,686 million and 29. 4% of Eastern rail freight traffic was attractive enough for CSX to consider the merger. The joint entity would have $8. 5b in rail revenue and would control the Eastern market with a market share of 70%.CSX estimated the acquisition to also cr eate synergies resulting in consolidation of overlapping operations and not only increase the joint entity’s revenue through service improvements, but also the operating incomes through economies of scale. Cost synergies was expected to help in increasing the annual operating income by $370m and revenue increases was expected to help increase annual operating income by $180m. (Based on valuation of synergies, taking PV of terminal value, we estimate the gains in Operating Income to be equal to $3,047. 13. CSX expected the acquisition to improve the joint entity’s competitive position vis-a-vis Norfolk Southern as the joint entity’s rail networks would facilitate long-haul, contiguous and therefore low cost service. As Norfolk Southern lacked access to Northeast market it would be less able to provide long-haul routes from South or Mideast. The purchase of Conrail would thus provide CSX with control of the Eastern rail network. From a financial perspective, the p rojected revenue gains and cost savings was expected to make the joint entity become more efficient than Norfolk Southern.Likelihood of a rival (Norfolk Southern) acquiring Conrail, resulting in competitive disadvantage for Conrail was also a factor. 2) Based on multiples and a premiums paid approach, how much should CSX be willing to pay for Conrail? We took Sales, EBITDA, Book Value Multiples and Four week acquisition Premiums from Exhibit 6. We use number of Conrail’s shares outstanding as 90. 5 million at the share price of $32. 46 from the same Exhibit 6. Conrail's Value Sales EBITDA Book Value Premium % $3,722 $1,017 $32 $6,516 Multiples High Low 3. 6 1. 7 13. 1 8. 5. 5 1. 7 73. 0% 34. 0% Conrail Market Price Low Average $ 1,032 $ 3,712 $ 3,350 $ 5,465 $ (301) $ 5,398 $ 8,731 $ 9,986 High $ $ $ $ 8,104 8,028 10,862 11,273 See ‘Calculations’ spreadsheet for details. As the Conrail is fairly attractive resource for CSX it should be willing to pay on the high side of the Conrail Market Price. We have highlighted the High Price in the above table. We 2 have also calculated the price by various methods (sales ratio, EBITA, etc). The price calculated by these methods is reasonably close to the bid price of CSX.Within the high price too, there seems to quite a difference in valuations. The multiple analysis methodology assumes that all companies within an industry have similar characteristics. As expected there is wide variance is between low, high and average. Within the rail industry there is wide variance in capital structures, profitability etc, which is reflected in Conrail Market Price. Other than multiple and premium methods, CSX should be detailed financial analysis based on synergies etc. to come up with the price. The synergies given in the case are stated as â€Å"Gains in Operating Income. This is not an unambiguous term. For purposes of this and subsequent questions, assume that these synergies are net of costs (COGS and Capita l Expenditures) and the after-tax payment to bondholders. The term operating income is likened to net income or the taxable income to stockholders. Further assume that none of these acquisitions will affect the acquirer’s equity cost of capital. 3) Based on the data in Exhibit 7 and the definition of operating income gains given above, how much should CSX be willing to pay for Conrail? Support your answer with appropriate analysis.According to operating income gains we can value a firm’s market price as its pre-merger value and the present value of gains in operating income. Let’s assume that value of Conrail before the merger is equal to its market cap. Then taking Conrail share price as $71. 94 (average of year end and high stock price) and number of shares outstanding as 90. 5 million shares (Exhibit 6) we get Conrail market value equal to $6,510. 57 million ($71. 94 x 90. 5 million). We assume G =3%, MRP = 7%. We take risk free as 30-year maturity US Bonds r ate, which is 6. 3% (Exhibit 8); merged CSX-Conrail equity beta as average of CSX and Conrail equity betas, which is 1. 33. rE = rf + MRP ? E = 6. 83% + 7% x 1. 33 = 16. 11% Now we can find Conrail’s synergy value as present value of gains in operating income. 1997 Total Gain in Operating Income Total Gain in OI after 40% Tax Gain in OI (discounted @ rE) $ $ $ 1998 $ 88 $ 12. 80 $ 7. 15 $ $ $ 1999 396 237. 60 176. 26 $ $ $ 2000 550 330. 00 210. 84 2001 $ 567 $ 340. 20 $ 187. 21 Value of estimated gains = $671. 46 Terminal value = $2,673. 83 Present value of Terminal Value = $2,365. 67 Conrail’s Synergy Value is equal to $3,047. 13.See ‘Calculations’ spreadsheet for details. The maximum price, which CSX should be willing to pay for Conrail is $6,510. 57 + $3,047. 13 = $9,557. 70 3 The optimal price of the merger is somewhere in between of $6. 5 and $9. 5 billion. We’d advise a price closer to Conrail’s market value rather than the average of t hese two figures. In this case both Conrail and CSX shareholders win from the merger. If they take price closer to the high CSX shareholders can lose due to over estimated synergy gains. 4) Analyze the structure of CSX’s offer for Conrail. CSX offered a two-phased deal for Conrail worth $8. 3 billion at the nnouncement. CSX would purchase 90. 5 million (100%) of Conrail shares to complete the deal. In the first phase, CSX originally offered $92. 50/share for 40% of Conrail’s shares. This front-end offer would be completed in two stages for regulatory reasons, purchasing 19. 7% in stage one and the other 20. 3% once approved by the shareholders. Once all of phase one was completed, CSX would purchase the remaining 60% of Conrail’s shares by exchanging shares in a ration of 1. 85619:1. 0 (CSX: Conrail), yielding shareholders roughly $89. 07/share (blended value) based on recent Conrail and CSX stock performance.In addition, the merger agreement contained provision s related to break-up fees, lock-up options, poison pills, and â€Å"no talk† clauses. These provisions provided some level of protection against advances from NorfolkSouthern or other competitors looking to purchase Conrail. Notably, the no-talk clause required Conrail to abstain from any conversations related to buy-out with other firms; though this could be disputed where the board’s fiduciary duty to protect investors superseded said restrictions. 5) Why did CSX make a two-tiered offer? What effect does this structure have on the transaction?Pennsylvania’s fair value statute required all bidders holding 20% or more of stock to offer the same price to all shareholders unless target shareholders agreed to explicitly nullify this position. Also the same statute limited any shareholders (with a 20% or larger stake) voting rights unless management approved it. Finally, the law required management to consider and protect the interests of employees and the communit y. This two-tiered structure affected the timing and the cost of the deal. As a result of the deal’s structure, Norfolk Southern had two opportunities to block with a hostile takeover driving up the price of the acquisition.By close of business prior to the shareholder votes to opt-out of the fair value statute, CSX’s bid was up to $110/share, resulting in an offer that was $321,500,000 more than originally planned for the remaining 20. 3% in phase I. The structure of the deal also allowed CSX to pay for 40% of Conrail in cash (in two phases) while paying for the remaining 60% of the target with CSX stock. This meant that changes to CSX or Conrail’s stock price prior to the transaction completing could impact the cost of the entire deal 6) Why did Norfolk Southern make a hostile bid for Conrail? Conrail is considered a â€Å"scarce jewel†.Conrail was the sole class I railroad serving the Northeast market of the United States with control of 29. 2% of the rail freight market east of the Mississippi river. Although Conrail was inefficient and not very profitable, its revenue per mile of track operated, per carload originated, and per ton originated were the highest in the industry. If the merger between CXS and Conrail succeeded, Norfolk Southern would be negatively impacted with estimates of up to $320 million by 2001. This is clearly a battle Norfolk can not afford to lose as it may impact its very existence in the long run. 7) How much is Conrail worth? In a bidding war, who should be willing to pay more, Norfolk Southern or CSX? Again, note the previous definition of operating income when interpreting the data in Exhibits 6a and 6b. We use the same logic of gains valuation as we did it in question #3. Assumptions for CSX-Conrail Merger: We assume the same G =3%, MRP = 7%. We take risk free as 30-year maturity US Bonds rate, which is 6. 83% (Exhibit 8); merged CSX-Conrail equity beta as average of CSX and Conrail equity betas, whic h is 1. 33. rE = rf + MRP ? E = 6. 83% + 7% x 1. 33 = 16. 1% Now we can find CSX-Conrail synergy value as present value of gains in operating income. 1998 240 144. 00 (66) 210. 00 1999 521 312. 60 (123) 435. 60 323. 14 $1,260. 76 $5,086. 73 $4,655. 08 $5,915. 84 $12,426. 41 2000 $ 1,811 $ 1,086. 60 $ (189) $ 1,275. 60 $ 400. 60 2001 $ 752 $ 451. 20 $ (196) $ 647. 20 $ 356. 15 Total Gain in Operating Income Total Gain in OI after Tax (40%) CSX Total Loss in OI CSX Total gain in OI from merger Total Gain in OI (discounted @ rE) Value of estimated gains in OI Terminal Value of estimated gains in OI PV of TV Total value of gains in OI for CSX Value of Merger for CSX $ $ $ $ $ $ $ $ $ 180. 87 Assumptions for Norfolk Southern–Conrail Merger: We assume the same G =3%, MRP = 7%. We take risk free as 30-year maturity US Bonds rate, which is 6. 83% (Exhibit 8); merged Norfolk Southern–Conrail equity beta as average of Norfolk Southern and Conrail equity betas, which is 1. 23. rE = rf + MRP ? E = 6. 83% + 7% x 1. 23 = 15. 41% Now we can find Norfolk Southern–Conrail synergy value as present value of gains in operating income. 1998 $ 231 $ 139 $ (130) $ 269 $ 233 1999 $ 429 $ 257 $ (232) $ 489 $ 367 $1,468. 67 $6,044. 6 $5,531. 72 $7,000. 39 $13,510. 96 2000 $ 660 $ 396 $ (308) $ 704 $ 458 2001 $ 680 $ 408 $ (320) $ 728 $ 410 Total Gain in Operating Income Total Gain in OI after Tax (40%) Norfolk Southern Total Loss in OI Norfolk Southern Total gain in OI from merger Total Gain in OI (discounted @ rE) Value of estimated gains in OI Terminal Value of estimated gains in OI PV of TV Total value of gains in OI for CSX = Value of Merger for CSX 5 From the calculation above we see that value of Conrail acquisition is much, over 1 billion higher for Norfolk Southern than for CSX.Moreover, the loss in acquiring Conrail leads to significant loss in revenues and market share for both of bidders but more for Norfolk Southern. Not surprisingly that they have seri ous intention to wage a bidding war. 8) As a shareholder, would you vote to opt-out of the Pennsylvania anti-takeover statute? In the case of conrail as a shareholder, we would not vote to opt-out of the Pennsylvania antitakeover statute. The PA statute provides Conrail shareholders with a fair value statute provision on their stock ownership.Specifically, bidders holding 20 percent or more of a company’s stock are required to offer all shareholders the same price unless the target shareholders opt-out of the statute. The CSX two-staged offer had a blended value which clearly demonstrates that Conrail shareholders would have been given different pricing for each stage in the offer. The poison pill provision under the CSX and Conrail merger agreement does not give Conrail shareholders the rights to buy discounted shares since the merger agreement required Conrail to suspend its poison pill.Therefore, the poison pill favors the acquirer and not the Conrail shareholders. Finally , as a shareholder, the best strategic position is to allow the bidding war to commence and observe how CSX and Norfolk Southern compete against one another for the Conrail business. It is obvious that there will be an acquisition and it is obvious based on both acquisition proposals, that each company will issue multiple offers in an effort to acquire Conrail due to its strategic location in the Northeast United States. In general, however this statute could be disadvantageous to shareholders in certain cases.The statute tries to protect the interests of employees and community where the target company was located in addition to meeting their fiduciary duty to the shareholders. The statute frees companies from any obligation to sell itself to the highest bidder. Conrail used the statute to blunt Norfolk’s offer though it was better for shareholders. The ‘fair value statute’ aspect helped the shareholders of Conrail (as parties in support of merger still needed 1 4. 6% of acquisition shares to vote in favor of opting out. ) 6

Monday, January 6, 2020

Role of Language and Diversity in the Critical Thinking...

My girlfriend and I have been fortunate enough to vacation several times in Hawaii. The island of Maui is our favorite. The island of Maui holds a special place in my heart, because of the one-on-one time I was able to spend with my girlfriend. We enjoy the breathtaking scenery and the tranquil sunsets. The highlight of our trips has been the helicopter rides. The helicopter is the only way to see some of the islands awesome waterfalls and other secluded places. The ride can be a little hair raising when it is windy. One of Maui’s most visible attractions is Haleakala, the largest dormant volcano in the world. The word Haleakala in the Hawaiian language means the â€Å"House of the Sun.† The top of Haleakala is one of the most outstanding†¦show more content†¦Language helps us make sense of our thoughts. â€Å"Language is the ‘software’ that allows our brain to think the way it does; without language the cerebral cortex lies largely unused† (Kirby Goodpaster, 1999, p. 77). Language must be thought of when trying to communicate. Does the person you are communicating with have the knowledge or have they been exposed to the language so they can understand what you are trying to say? With the many languages in the world, you must be aware that some words do not translate to other languages. When this happens, one must think critically on what other words can be used or other ways to communicate. Using pictures or gestures can help with communicating ideas. How does language empower or limit the expression of our thoughts? At times, everyone becomes speechless. Our thoughts are scrambled and we are unable to express ourselves. At other times, language empowers us to communicate our thoughts and ideas in a way to persuade others to action. The more language we learn about and are exposed to the more we can use it to our advantage. Using our knowledge of language to express ourself more clearly to get a point across. What is the role of critical thinking in persuasion? When persuading someone you must first think of a way to understand how the other person is thinking. Try to see the problem from their point of view. Once you understand their position, then think of a reason for thatShow MoreRelatedRole of Language and Diversity in the Critical Thinking Process702 Words   |  3 Pages Language and language diversity play a significant role in critical thinking and its processes. Language is the main device we use as humans to communicate through symbols what we think, experience or feel. Language is also one of the primary methods of transmitting culture. Language diversity is important to critical thinking because of the close relationship between language and culture. 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Language is the main device we use as humans to communicate through symbols what we think, experience or feel. Language is also one of the primary methods of transmitting culture. Language diversity is important to critical thinking because of the close relationship between language and culture. Language is used diversely by different cultures, with what is deemed appropriate in one culture often being thought of as inappropriate in another culture. Culture, then, often shapes language both in its use and in what we view to be normal language. Close reading consists of exploring language in ways that increase critical thinking skills.†¦show more content†¦It does so because when we cannot clearly communicate through language we are apt to be misunderstood by others or express meaning that is other than we desire. Expression of our thoughts is a complex process and language remains central to clear expression. However, there are different forms of language other than words or voice expression. As one instructor asked of her students, How do we pass information along without using voices, letters, or numerals (Language, 2004, p. 11). One answer would be the use of nonverbal language, which is often conveyed through body movements, posture, facial expression and other techniques. Once more, such facets of language are symbolic and differ across diverse cultures. However, when students learn to understand the different and broad meanings of language across cultures even, then they have a better grasp of communicating and receiving communication. All too often, as one educator maintains, When thinking about what language means, younger children often make connections to oral language or the learning of a foreign language (Language, 2004, p. 11). The foundation for solid skills of persuasion rests on critical thinking skills like logic, explication, analysis, assessment, and others. Persuasion is the art of communicating in such a manner that one is able to convince other people to adoptShow MoreRelatedRole of Language and Diversity in the Critical Thinking Process714 Words   |  3 Pagesthe islands awesome waterfalls and other secluded places. The ride can be a little hair raising when it is windy. One of Maui’s most visible attractions is Haleakala, the largest dormant volcano in the world. The word Haleakala in the Hawaiian language means the â€Å"House of the Sun.† The top of Haleakala is one of the most outstanding places to watch a sunrise I have ever experienced. Just remember your jackets; it can be a little nippy at 9,000 feet elevation before sunrise. Visitors can ride aRead MoreBarriers to Critical Thinking1250 Words   |  5 Pagesof Critical Thinking Skills Critical thinking is a rich concept that has been developing throughout the past 2500 years. Critical thinking is the intellectually disciplined process of actively and skillfully conceptualizing and evaluating information gathered from observation as a guide to belief and action. Critical thinking skills are important because they enable students â€Å"to deal effectively with social, scientific, and practical problems† (Shakirova, 2007, p. 42). Besides that, critical thinkingRead MoreCourse Schedule of Philosophy 2511695 Words   |  7 PagesPHL 251 Critical Thinking Professor Khristian E. Kay Don’t Panic! Program Council The Academic Program Councils for each college oversee the design and development of all University of Phoenix curricula. Council members include full-time and practitioner faculty members who have extensive experience in this discipline. 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