A Clockwork Orange Essay Thesis Example For Students

A Clockwork Orange Essay Thesis Wilson was an English writer and pundit. He was conceived in a little house inHarpurhey and was the child of an accountant and low maintenance piano player. He was foundlying in his bunk when he was an infant with his mom and sister dead close to him. They were said to have been survivors of the Spanish Flu. Anthony went to theBishop Bilsborrow-Primary School, Moss Side, Xavier College and lastlyManchester University. He at that point went through six years as a wartime trooper and after hewent into training, he turned into instruction official in Malaya and Brunei. In1959 he was determined to have a terminal ailment, so he turned into a professionalwriter, planning to accommodate his significant other. The analyses ended up being wrong;however, he chose to stay with it and he composed more than thirty books. AnthonyBurgess was a very balanced craftsman. He drew, composed books, was a musicianand created a ton of works. At twelve years old, his drawings were beingaccepted by national papers and at fourteen, he instructed himself to play thepiano and create music. He composed two ensembles, concertos, melodies, sonatas andincidental music for plays. In his absolute first year he composed five books, acouple of plays and a few radio contents and stories. He had various types ofdifferent subjects, topics and styles. Of every one of his compositions, the most well-knownwas and still is A Clockwork Orange. It is likewise his most disputable work. AClockwork Orange was his eighth novel and was distributed in 1962. In spite of the fact that thiswas among his best works, he had his own contemplations on it. In a meeting done in1981 in Modern Fiction Studies Burgess was cited, Im notparticularly glad for A Clockwork Orange since it has all the considerations I railagainst in fiction. Its educational. It watches out for sex entertainment. John AnthonyBurgess Wilson kicked the bucket in 1993 and will consistently be recalled by the remaining parts of someof his exemplary works.

How To Tame a Wild Tongue Essay Example | Topics and Well Written Essays - 1000 words

The most effective method to Tame a Wild Tongue - Essay Example So as to connect with the peruser with a subject and comprehension, Anzaldua thinks that its important to completely use Aristotle’s three systems of argumentation: ethos, logos, and sentiment. As an element of this specific comprehension, this concise examination will look to dissect and attract derivation upon the way which Anzaldua uses talk as a methods for demonstrating the focuses that she shows inside her article. Inside Aristotle’s meaning of the word â€Å"ethos†, the comprehension and significance of character and the methods by which this character is connected is at last the most significant angle. In like manner, in trying to comprehend the explanatory methods by which Anzaldua uses ethos as a methods for connecting with the crowd, the peruser need look no farther than the way that she does so not by setting herself up as a special case to the standard yet rather by showing her own story through the feasible and conceivable focal point that it is fun damentally demonstrative of a more extensive human experience. Despite the fact that Anzaldua places a solid degree of center upon the individual battle and one of a kind part of personality burglary that language is at last influenced upon her, this nearby degree of examination doesn't block the methods by which Anzaldua’s character is comparable to mankind by and large. In such a manner, the defaults that she shows inside her contention is conceived not upon the shoulders of a legend that displays a hyper brains or some other astonishing characteristic; rather, the quality of her talk purchases upon the establishment that it is shown inside every single person. So also, concerning the logos of Anzaldua’s guarantee, this is plainly shown with respect to the sociological and mental parts of culture and improvement that she references inside the content. In spite of the fact that the primary concern of her paper is to underscore the significance that developmental exper ience has upon personality creation, it is difficult to perform such an undertaking without first looking to coordinate a degree of investigation dependent on the scholarly understandings of the terms in which she employments. This ought not be comprehended to imply that Anzaldua depends vigorously upon a scholarly translation of the experience which she had; rather, it just represents the point that for contention is completely aware of the way that the topic where she endeavors to think about is at last something that can be comprehended far outside the extent of individual experience. At long last, the last logical methodology that Anzaldua uses is with respect to poignancy. Aristotle fundamentally characterizes tenderness as a methods for logical contention in which passionate intrigue is used. It ought to be comprehended from a cautious investigation of Anzaldua’s paper that this specific technique for expository contention maybe use the most. Normally, contentions that are saturated with emotion have customarily been comprehended as essentially more fragile. In any case, inside the instance of this specific exposition, it must be comprehended that the usage of tenderness as an authentic methods for which functional contention isn't lost nor is it exaggerated. This is obviously because of the reality of the topic where Anzaldua tries to draw in the peruser with is normally one which incites a lot of feeling and mental injury; both for the essayist herself just as incalculable other

Khan Academy introduces something big for little learners

Khan Academy introduces something big for little learners Today we’re announcing something entirely new: an education program for children ages two to five designed to inspire lifelong learning.Khan Academy Kids is available now in the App Store and in beta for Google Play and the Amazon Appstore. Like all our educational offerings, Khan Academy Kids is 100% free. It’s part of our mission of providing a free, world-class education for anyone, anywhere. (We’re a proud 501 ©(3) nonprofit organization that offers all our resources free to students and teachers.)With thousands of original activities, books, videos, and lessons, Khan Academy Kids combines subjects like math and reading with creative activities like drawing and storytelling.    We worked with childhood experts from the Stanford Graduate School of Education and children’s book authors to create the app. Our curriculum and library of books teach academic skills as well as social-emotional development and healthy habits. Animated animals from around the worldâ€"aren’t they cute?â€"guide children through educational materials at just the right level for them.  As kids learn, they collect bugs, hats, and toys for their favorite characters.While many early learning apps focus on a narrow skill area, Khan Academy Kids is a complete learning experience across multiple subjects that is aligned to the Head Start Early Learning Outcomes Framework for preschool-aged children and Common Core State Standards for kindergarten-aged children. The program is designed to adapt over the years as a child grows.Khan Academy Kids was created by our award-winning early learning team,  whose educational materials have won 21 Parents’ Choice Awards, received 18 Editor’s Choice Awards from Children’s Technology Review, and been voted the best children’s app at the International Consumer Electronics Show.Parent participation is a key component of the Khan Academy Kids experience. Parents can engage in learning activities with their child, and we encourage moms and dads to read our interactive books out loud. Parents can also view their child’s progress on activities in the Library and set up accounts for multiple children, all for free.Extra special thanks to the Khan Academy Kids partners who provide free learning materials: Super Simple Songs ® from Skyship Entertainmentâ„¢, Bellwether Media, and National Geographic Young Explorer Magazine. We’re grateful for their contributions!Khan Academy Kids is made possible through generous support from Omidyar Network and Windsong Trust as well as kind donations from people like you. Thank you for your support, and onward!

The Inclusion of Inclusive Education in Teacher-Training...

The Inclusion of Inclusive Education in Teacher-Training: Issues of Curriculum, Pedagogy and Staffing Introduction UNESCO has defined inclusive education as the opening up of ‘schools, centre of learning and educational systems†¦to ALL children. For this to happen, teachers, schools and systems may need to change so they can better accommodate the diversity of needs that pupils have and (ensure) that they (the pupils) are included in all aspects of school life. It also means a process of identifying any barriers within and round the school that hinder learning, and reducing or removing these barriers. Inclusive Education is therefore a process, a product and a philosophy – a growing body of approaches, strategies and methods, a†¦show more content†¦In terms of attitudes, they need to possess the professionalism without which they will be unable to respond appropriately to diversity. In terms of values, they need to respect and uphold the rights of every child to a high quality education. This knowledge and these skills, attitudes and values are inter-dependent. For instance, if teachers do not have the right values, they will have negative attitudes towards their students. If they have negative attitudes, they will be unable and unwilling to teach inclusively. They will also be unable and unwilling to learn about inclusive education. Conversely, if they have positive values they have the potential to become inclusive teachers. 3. Curriculum and the Teaching of Inclusive Education in TTIs What form would a curriculum take that supported the above outcomes? In terms of knowledge, students need to be aware of the different forms of diversity to be found among children. These include: gender difference; linguistic, cultural and ethnic diversity; social-emotional diversity; cognitive and academic diversity; and sensory and physical diversity. They need to be aware of the complexity of these diversities. Many of these diversities are inter-connected: for instance, it has been argued that girls tend to learn differently from boys, that they have different ‘learning styles’, and teachers need to adapt their teaching styles to cater for this (Grossman 2004, pp.209-210). Thus, genderShow MoreRelatedThe View Of Best Practice For Educating And Caring For People With Disability2561 Words   |  11 PagesOver time, the view of best practice for educating and caring for people with disability has changed to one of inclusion in all aspects of life in society. In Australia, there was some resistance initially, fear and misunderstanding guided the decision making processes which meant those with disability were kept apart longer than in some other countries (Heward, 2009). Gradually, legislative changes, influenced by medical knowledge and researched based practice meant that people were no longer allowedRead MoreEssay on Case Study3465 Words   |  14 Pagesï » ¿ Faculty of Education EDC2400 Assignment 2 Case Study Choose one case study and write an academic essay. PART A = Identify the educational needs of the class/training group. Use these educational needs as the basis (headings) for outlining classroom practice, including strategies, in order to accommodate the diverse learning needs of the entire class/training group. Strategies are to be of a detailed, practical and realistic nature. PART B = Name the Education Queensland (or relevantRead MoreEssay on Creativity in Education9422 Words   |  38 PagesCreativity in the curriculum A school with creativity at the heart of the learning process will benefit by increasing the motivation of staff and pupils, says former head, Dave Weston. In this article and case study, he shows the way to more imaginative approaches to curriculum planning ‘Creativity is the defeat of habit by originality’ Arthur Koestler Many school leaders and teachers realise that is now time to take more control over the curriculum and to include a greater emphasis on creativity

The Hidden Truths Behind America - Free Essay Example

Sample details Pages: 4 Words: 1247 Downloads: 2 Date added: 2019/04/01 Category Society Essay Level High school Topics: Truth Essay Did you like this example? The American daily lifestyle has changed dramatically over the past few decades. Many people blame this drastic change of cultural norms on society becoming too digitally inclined, and or on modern American politics, but going down further there can be another source found. The goal of this paper is to sort out the articles that are excerpted from the anthology Mirror on America by Joan T. Don’t waste time! Our writers will create an original "The Hidden Truths Behind America" essay for you Create order Mims and Elizabeth Nollen, as well as Living It Up by James B. Twitchell and Ads, Fads, and Consumer Culture by Arthur Berger into two separate groupings to compare and contrast the differences and similarities between the articles.The collection of articles is written by various authors that explore the ideas of American cultural identity, consumerism, and advertising. Each author uses their own unique examples to help create a distinct focal point in the American society. Despite the differences of the authors concepts of American society, there are connections that can be made. These connections can be grouped into the themes personal desires and segmentation vs.unification. The first grouping of articles are about diversity and cultural identity and correspond with the theme of segmentation vs. unification. People think that America is a very diverse nation, but in reality, America is not as diverse as many people depict it as. In fact looking into communities around America, one can see that there are sections to where people live. The main cause of this segmentation is because people feel more comfortable around other people that we are familiar with. This makes people segregate with people who are like them and creates a community that has its own unique identity. Brooks explains this concept in his article, open a motor home dealership in Montgomery County, Philadelphia, youd probably go broke think RVs are kind of uncool. (82) Looking at this example, it becomes apparent that each place has its own needs and interests, making businesses to think carefully about what areas would help their business flourish. This segmentation is also present in big cities like New York City, which have served as immigration hotspot. Back in the early 20th century, millions of Italian immigrants had immigrated to America. In effect from this, in Manhattan, a Little Italy was made. Surprisingly in Little Italy, the immigrants segmented themselves, the Sicilians congregated on Elizabeth Street, while the Northern Italians occupied Bleecker Street. (Harrington) This indicated how even people from the same country still segmented themselves with the people that are around the same area. Going past communities, segmentation can be seen amongst the people in them. Looking at the articles by Ali and Alvarez, they both explain about how they felt separated from the group of people they were around by using personal experiences. Being a foreign person in any place can make someone feel this separation from others. In Alis case expressing her Middle Eastern ethnicity was hard for her because she didnt want to be i dentified as part of a culture that America loved to hate. (53) She did not feel comfortable expressing her culture freely because of how Western Society depicts Arabic people as bombing terrorist. These cultural differences can also clash with the mainstream media and trends. Some people may want to become something that is beyond what their culture allows, like in Alvarezs article, she could not follow her dreams of being Miss America because according to her culture,girl were to have no aspirations beyond being good wives and mothers. (59) This restriction made her feel inferior to others since the other people around her can become whatever they desire. Communities that are overcoming this segmentation are ones with dense immigration populations. Studies done by a group of scholars show that the racial landscape is beginning to change in America. After evaluating the 2010 census they concluded, The alterations in metropolitan areas have several origins, and immigration-wrought demographic transformations rank high on that score.(Wright et al.181) This means that places with a high immigration population saw a change in which the minorities and majorities started to balance out.According to Rodriguez, intermarriage ratesare highest in states that serve as immigration gateways. (87) So this intermingling can help further balance out the racial landscape in America The second grouping of articles is about consumerism and advertising and corresponds with the theme of personal desires. In America, advertisements are everywhere. From watching videos on YouTube to reading the newspaper, Americans see advertisements in many different forms in their daily life.Chait points out in his article, presents to us a worldof images and ideas created for purpose of selling.(213) So advertisers create our desires through various methods of advertising. One theory on how advertisers make us want their products is a theory called the Agenda Setting Theory. According to an article, this theory means, to make their consumer audience feel dissatisfied with what they currently own or just recently purchased. (Borno 72) This can make us want to desire to get things that we do not necessarily need. For example, a commercial can come on and show us that their refrigerator with a touch sc reen panel is very helpful, while in reality, a touch screen on a refrigerator is not at all necessary for keeping our food cold. Over the past years, the American society has become more technology inclined and the way of advertising has followed that trend. One of these new methods of advertising is viral marketing. According to the Economist, viral marketing is to create something that is so much fun that it will propagate by itself. (260) Advertisers want to create something that is fun so the viewers are more engaged and hope that they will share it with their friends on social media. Advertisements and media also manipulate how we should look. In McLaughlins article she uses the example of how men are beginning to worry about their appearance. She quotes Perrine an editor for Mens Health, men are more and more portrayed as sex objects. (112) The advertisements pressure men to care about their appearance so they can look like the ideal man depicted in the ads. This concept of people imitating others and their desires is a concept that is further explained in Bergers article. Berger explains the mimetic desire like, we desire what others have desired especially those we look up to. (30) This can be seen when our favorite celebrities a ppear in a commercial for a product. Like commercials with Golden State Warriors star player Stephen Curry showing off his shoes from Under Armour. In effect, Footwear sales at Under Armour surged 64% in the first three months of 2016. (Egan) Thanks to Curry and his fans, they made Under Armour a more desirable company for sports products. Also in the American society, the desire for happiness can lead to unnecessary buying. Like Twitchell says, the good life starts with the material life.(288) Though most of the luxurious items are unnecessary to purchase, the prestigious feeling one can get from them is what really makes people desire them. Like using the branding of limited edition can make someone feel more important. In conclusion, the themes of personal desires and segmentation vs. unification both play significant roles in these two grouping of articles. For true diversity to exist in America a more diverse public place needs to be created so there can be a better chance for others to meet people with similar desires, but also have different cultural values. Therefore uniting more communities together and creating a more diverse marketplace.

Beowulf Assessment Free Essays

In the epic, Beowulf, the main character faces many antagonists who have the exact opposite of the virtues of Anglo-Saxon culture. Beowulf, the protagonist, obviously possesses all the virtues important to Anglo-Saxons. The first antagonist that Beowulf faces is named Unferth. We will write a custom essay sample on Beowulf Assessment or any similar topic only for you Order Now Unferth is not loyal in that killed his brother slyly and that he offers Beowulf a sword to fight Grendel that shows that he is too cowardly to fight the monster himself. Loyalty and bravery are two of the most important virtues present in Anglo-Saxon literature. Unferth is also demeaning and cruel to his guest Beowulf. In most Anglo-Saxon literature, hospitality towards guests is very important and expected. The next antagonist is Grendel. He is very ambiguous and very monstrous in appearance although exhibiting many human emotion and impulses. Grendel exhibits aggression, loneliness, and jealously. He is somewhat cowardly in that he attacks at night when men are asleep and he runs back to his lair after his encounter with Beowulf. Grendel’s mother has the same virtues as her son except she fights out of anger. She really has no cause for fighting. The dragon is very grotesque and preys on the town. He is very selfish which is not part of an Anglo-Saxon protagonist like Beowulf in that he attacks the town after having one piece of treasure stolen. All three monsters are portrayed as evil, aggressive villains especially since they battle against the hero, Beowulf. Unferth is a human example of a protagonist lacking loyalty and bravery. How to cite Beowulf Assessment, Essay examples

Standing Committee on Tax and Revenue

Question: Discuss about the Standing Committee on Tax and Revenue. Answer: Tax will be imposed on both incomes from Australia and from the branches in New Zealand. Because control of the business and decisions were made in Australia. Therefore, the income is deemed to be Australian income. The partner residing in New York will be taxed on Australian tax jurisdiction since the income is deemed to be derived in Australia. The 10% income from the partnership will be taxed aggregate since the partner is considered a non resident partner and therefore is not entitled to tax privileges and the local graduated scale for taxing individuals does not apply to nonresidents. Any expenses for nonresidents may not be allowable for tax purpose. The income derived from New Zealand subsidiary will be assessable for this purpose because the Australian tax convention does not favor subsidiaries over branch operations both incomes from branches and subsidiaries are subject to taxation. In Australian tax law, this implies that resident corporations are responsible for income tax on worldwide incomes. In case the NewZealand tax authority has taxed the income derived by the subsidiary, the partners can ask for a foreign income tax offset. For the Australian resident partners capital gains tax applies to their assets worldwide. For foreign residents make a capital gain or capital loss if a capital gains tax event happens to an asset that is 'taxable on an Australian property The Australian tax act provides that capital gains or losses arising from partnerships must be disclosed in each partners returns. On the other hand the Australian regime provides that capital gains are an exemption from taxation. This applies to nonresident subsidiaries. Therefore capital gains for this partnership could not be a taxable income. In case of nonresident partner, the assessable income will include capital gains which will be taxed at a rate of 30%. Double taxation will be eliminated in case gains or loses are taxed when realized and on disposal of equity. Discount on capital gains may be determined using the apportionment of market price calculation method subject to some conditions such as disposal of Australian property. If the capital losses exceed capital gains , the balance can be carried forward and deducted against capital gains in future. References Standing Committee on Tax and Revenue, Parliament of Australia, External Scrutiny of the Australian Taxation Office (April 2016). Australian Taxation Office, Annual Report 201516, 2, 95, 118.

9 Ways of Saying Down in Spanish

9 Ways of Saying Down in Spanish Down is one of those simple, everyday words that can be especially challenging to translate to Spanish. One reason is that it can function as five parts of speech: most commonly an adverb, but also as a preposition, verb, noun and adjective. But even within those categories, theres no consistent way of translating the word. In many cases, the best approach to take in translation is to reword the English and then translate that. For example, if you try translating a sentence such as Im down to only one dollar word-for-word, youll find yourself confused at best. Instead, try using the verb quedar, often used to indicate a remaining quantity. The idea is expressed with Me queda sà ³lo un dà ³lar, which literally means Only one dollar remains for me. Down as the Opposite of Up That said, in many contexts - such as when down means the opposite of up and indicates motion or direction - it is possible to use the adverb abajo, either by itself or in combination with other words, or the related verb bajar, which typically means to go down. This includes most cases where down is functioning as an adverb. Some examples: When I look down I feel dizzy. Cuando miro para abajo me mareo.The accident left him paralyzed from the neck down. El accidente lo dejà ³ paralizado desde el cuello para abajo.The Bilbao Market has gone down 22.72 points at midsession. La Bolsa de Bilbao ha bajado 22,72 puntos a media sesià ³n.Its essential that the roots grow downward in order to maximize the absorption of water. Es esencial que las raà ­ces crezcan hacia abajo para que maximizar su absorcià ³n de agua.Gravitational force pulls the satellite downward. La fuerza gravitatoria tira del satà ©lite hacia abajo.We have to get down from the train at the border. Tenemos que bajar del tren en la frontera.Everyone from the governor down is immersed in a web of corruption. Todos desde el gobernador para ajabo estn inmersos in una aurealoa de corrupcià ³n.Another possibility for adventurers is to camp down in the canyon. Otra posibilidad para los aventureros es acampar abajo en el caà ±Ãƒ ³n.The temperature went down fro m 30 degrees to 20 degrees. La temperatura se bajà ³ de 30 grados hasta 20 grados. I prefer to sleep face down. Prefiero dormir boca abajo. Down as an Adjective When down functions as a adjective in English, it often has a specialized meaning that depends on the context. Youll usually be best off recasting the English before translating: The wireless network is down today. La red inalmbrica no funciona hoy. (Literally, the wireless network isnt working today.)She knew he was down with the flu because she called him twice. Sabà ­a que à ©l estaba enfermo de influenza porque ella le llamà ³ dos veces. (Down here is being used as roughly synonymous with sick.)Were down 10 points. Estamos perdiendo por diez puntos. (Literally, were losing by 10 points.)Its a shame that he is always down on himself. Es lstima que à ©l se menosprecie a sà ­ mismo. (The phrase to be down on someone is a colloquial way of indicating that someone devalues someone.)They have me down for 2 p.m. Tengo una cita para 2 de la tarde. (Literally, I have an appointment for 2 p.m.)The down payment normally is a percentage of the price of the house. El pago inicial normalmente es un porcentaje del precio de la casa. Down as a Particle Down is a part of many English phrasal verbs - verbs that are made up of a verb followed by down to form a phrase that has a meaning separate from the verb by itself. To translate, these two-word verbs must be learned separately just as any other vocabulary. Here are a few of many possible examples: My mother isnt going to back down so easily. Mi madre no va a recular tan fcil.The bar was shut down for not meeting safety requirements. El bar fue clausurado por no cumplir las medidas de seguridad.He bowed down before the statue. Se inclinà ³ ante la estatua.The Iowa woman burned down a friends house because she defriended her on Facebook. La mujer de Iowa incendià ³ la casa de una amiga porque la eliminà ³ del Facebook.The government is cracking down on illegal arms sales. El gobierno toma medidas enà ©rgicas contra la venta ilegal de armas.My cousin is unable to  hold down a job. Mi prima no puede durar en un trabajo. (Literally, my cousin is unable to last in a job.)The mayor played down the murders. El alcalde no le dio tanta importancia a los asesinatos. (Literally, the mayor did not give much importance to the murders.) Down as a Noun The down of a bird is typically referred to as el plumà ³n, although a down pillow is referred to as una almohada de plumas. The down of a fruit is known as la pelusa. In football, a down is usually un down. Down as a Verb As a verb, down usually refers to shooting something down from the sky. A good verb to use is derribar. The Soviets downed the plane with a simple attack.  Los sovià ©ticos  derribaron el avià ³n  con un simple ataque.   Down Syndrome The congenital condition is known as el sà ­ndrome de Down, sometimes abbreviated as SD. (Sources: Sample sentences are adapted from a variety of sources written by native Spanish speakers. Among those consulted for this lesson are 20minutos; Twitter conversations; Biologà ­a y Geologà ­, Ciencias pra el uno Contemporneo; Visià ³n Santigueà ±a; Tatoeba; Namancambre Tours; Finanzas Prcticas; Yahoo.mx and TN.com.ar.)

the sexual response cycle Essay examples

the sexual response cycle Essay examples the sexual response cycle Essay examples The Sexual Response Cycle After reviewing the sexual response cycle in Psychology and the Challenges of Life I learned that the sexual response cycle is what the body naturally goes through during sexual intercourse. I also learned that there are four phases to the sexual response cycle. These four phases are the excitement phase, the plateau phase, the orgasmic phase, and the resolution phase. Men and women, since we have different sexual organs, have different reactions to each phase. We also have some reactions that are the same, that will be explained later. The excitement phase is the first of the four phases, and it is where all the foreplay happens. Kissing and fondling your partner gets them aroused and â€Å"excited† for the sex that follows. The commonalities for both men and women in the excitement phase are swelling of the genital tissues caused by the blood vessels swelling near the genital areas. Heart rate, muscle tension and blood pressure increases, and the n ipples may become hard and erect. Men’s reactions to the excitement phase are the blood vessels in the penis swell enlarging the penis and results in an erection. The testes elevate and the skin on the scrotum tenses up and thickens. The testes also swell to nearly twice there normal size during the sexual response cycle. Women’s reactions to the excitement phase are swelling of the vaginal tissue, clitoris, and the area surrounding the opening of the vagina, including the vaginal lips. Vaginal lubrication or secretions will appear. The inner two-thirds of the vagina expand and the vaginal walls thicken and turn a deeper color. The plateau phase is the second phase of the sexual response cycle, and is where the couple becomes comfortable with the sexual interaction, both for their own pleasure as well as pleasuring each other. The commonalities of both men and women in the plateau phase are swelling increases due to more blood in the genital area, and heart rate, musc le tension, and blood pressure continue to increase. Men’s reaction to the plateau phase are the tip of the penis turns a deep reddish-purple, the testes become completely elevated, and droplets of semen may be releases from the opening at the end of the penis just before ejaculation. Women’s reactions to the plateau phase are the inner two-thirds of the vagina fully expand, the outer third of the vagina thickens, the clitoris retracts behind its hood, and the uterus elevates and increases in size. The orgasmic phase is the third phase of the sexual response cycle, and the name mostly gives this away. This is the phase where men and women actually have orgasms. I think that this is most people’s favorite phase of the sexual response cycle. During the orgasmic phase both men and women release sexual tension and produce intense feelings of pleasure, muscle spasms occur throughout the body, and heart rate and breathing rate reach a peak. Men’s reactions to t he orgasmic phase are sensations of oncoming ejaculation lasting two to three seconds preceding the ejaculatory reflex, and orgasmic contractions propel semen through the penis and out of the body, often times into the vagina of the female partner. A woman’s reaction to the orgasmic phase is the muscles surrounding the vagina have contractions. The resolution phase is fourth phase of the sexual response cycle, and is more or less a resting break. For both men and women, if neither partner engages in anymore sexual stimulation muscle tension relaxes and blood vessel swelling decreases and the body will slowly return to the pre-aroused state. For men they have a refractory period in which they become physiologically incapable of achieving another orgasm or ejaculation for a period of time. For adolescent men this period of time can be a few minutes, but for men fifty years old and older this period of time may last hours or even an entire day, it all depends on the man himself . Unlike men, women do not have this

In Search of Excellence Essay Example | Topics and Well Written Essays - 2000 words

In Search of Excellence - Essay Example They claimed that excellent organizations had created methods that enabled them to strike a balance between the soft-s and hard-s factors achieved in a business. Maintaining and finding an applicable balance in these business factors was a vital issue in making an organization successful. According to Peters and Waterman (1982), then, the modest slippage of commercial America was to be observed as an imbalanced product in the American approaches to organization. They went on to argue that these imbalanced products had advanced in the organization approaches that had begun in America for the period of 1950s and 1960s. According to Peters and Waterman (1982), in the post second world war period, many managers in America were obsessed upon the hard-s business factors; structure, systems and strategy. In addition, the managers had not realized the significance of skill, style, superordinate goals, and staff which were the soft-s business factors needed in breathing life into systems, str uctures and strategies. Peters and Waterman (1982) recommend a more balanced management approach. The approaches considered balanced to business would hinge upon the energy, skills and imagination of managers. They are, therefore, charged with the duty of safeguarding the productive arrangements of the soft-s and hard-s business factors. ... They also stated that these companies would have a culture showing the eight aspects of excellence as shown in their research (Frost, Moore, Louis, Lundberg & Martin, 1985). Peters and Waterman listed the eight aspects of excellence. The first one was a bias for action. Exceptional companies engaged in planning activities that were traditional. However, the traditional activities did not bind the companies from other vital managerial approaches. They went on to argue that an excessive dependence on planning done traditionally and dependence upon the hard analysis of data, delayed decision making in many companies. It also discouraged risk taking. Exceptional companies avoided paralysis by analysis (Peters and Waterman, 1982). This was by evading using committees and refusing to agree that all decisions made have to be supported by hard analysis of data. Instead of using committees, these exceptional companies preserved a bias for action which explains the willingness in trying out in novative ideas and taking risks (Peters and Waterman, 1982). Peters and Waterman (1982) affirmed that the commitment in action was preserved by exceptional companies. This is because the exceptional companies form groups of people who like to experiment and innovate. This trend to action might be compared with approaches being adapted by other companies. These companies form committees that engage in briefs talks on experimentation (Peters and Waterman, 1982). The second aspect of excellence is a company’s in proximity to the customers. The exceptional companies have to improve their strategies, systems, structures and innovation in meeting and exceeding the customers’ expectation. Incase a product or a system did not satisfy the customer, exceptional

Project Appraisal & Finance Essay Example | Topics and Well Written Essays - 4500 words

Project Appraisal & Finance - Essay Example We have to clarify the two sets of key questions we are dealing with. The first answers the questions "what" investments are and "why" they are important for a business, whilst the second answers the question of "how" investments decisions are made. The second part of our paper elaborates and expands on some of the key concepts that we cover in the first part. In the process, we hope to acquire a deeper understanding of the principles, methods, and issues that have to be considered in investment decision-making. This paper will closely simulate the complex world of top management decision-making faced by any business on a daily basis, and where no single discipline - finance, production, corporate social responsibility, or general management - dominates. As we look at all the conceivable angles that any normal business looks at prior to the making of an investment decision, we can realise that just like in the real world, we need to make choices. Hopefully, our discussion will show that management decision-making is a complex task, that every decision made today can have far-reaching consequences, and that any professional manager who wants to be a worthy practitioner of the art and science of management must take his or her educational preparation, and eventually his or her responsibility as a manager very, very seriously. The ABC Mining plc Case For purposes of clarity in our understanding of the assumptions used in our discussions and the consequent calculations to arrive at our decisions, we summarise the key facts of the case. ABC Mining plc is investigating the possibility of purchasing an open-cast coal mine at a cost of 2.5 million which the government is selling as part of its privatisation programme. It would invest in and operate the mine for four years, after which it would clean it up and sell the assets. The Finance Director prepared the projected profit and loss accounts shown in Table 1, and in his report to the Board of Directors recommended that the company should not proceed as the profitability of the proposal is poor. The following are the questions that need to be answered: First, what could be considered as the most appropriate investment appraisal methods which would help the company to decide whether or not to proceed with the project Second, explain why we consider the investment appraisal methods just discussed to be the most appropriate for evaluating investment projects. Third, we would discuss briefly whether the project should go ahead. Table 1: ABC Mining plc Profit and Loss Statement (in millions) Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Comments Investments Purchase (2.5) Paid to government Equipment (12.5) Financed 10m debt at 12% Sale of Equipment 2.5 Year 5 sale of vehicles/eqpt Working capital (0.5) One-time investment Sunk costs (0.2) Included in Year 1 write-off Survey costs (0.4) Counted in Year 1 Clean-up (0.4) Net vehicle sales 2.1 Sales 9.4 9.8 8.5 6.3 Less: Direct Exp Wages (2.3) (2.5) (2.6) (1.8) Incl.

Jetblue Airways SWOT and Financial Analysis

Jetblue Airways SWOT and Financial Analysis Executive summary In this report, the financial position of JetBlue Airways Corporation, a low-fare, low-cost passenger Airline Company serving the US market, is studied in order to provide recommendations to the company with regards to its investments plans. By the year 2003, the company is intending to support its growth through the acquisition of several new aircraft over the coming 13 years. The company will thus need a high capital expenditure to support those acquisitions, as well as several related investments. For the purpose of this study, a SWOT analysis of JetBlue as by its position in June 2003 is performed. A background research is conducted in order to assess how other airline companies are financing their aircraft acquisitions and other investments, and in a broader aspect, study the specificities of their financial structures. The different financing alternatives available to the company are presented and studied in relation to the financial position of the company. A non-financial analysis of the debt and equity options is conducted, in order to assess the relevance of each of those options with regards to all areas of the business other than finance. The outcomes of those analyses are combined and a recommendation is issued to the Chief Financial Officer of JetBlue: It is recommended that the company issues common stock in order to finance the needed investments in the second half of 2003. In a longer-term perspective, it is recommended to the company to use leases and secured debt for the upcoming aircraft acquisitions when favorable terms are available to the company, and to finance the remaining parts of the investments through cash generated from operations and through issuance of new equity, in order to compensate for the increasing financial and operational risks of the company. Problem Definition JetBlue Airways Corporation is a low-fare, low-cost passenger airline company serving the US market. The company completed an IPO in April 2002, around two years after it was founded. JetBlue has had a successful business model and strong financial results during that period, and performed well in comparison to other airline companies in the US during the period between 2000 and 2003. The company, as by July 2003, is seeing several opportunities to grow by adding new markets and new flights to existing destinations. To accomplish this growth, the company is seeking to purchase 65 new Airbus A320, with an option to buy additional 50 ones, and also committed to purchase 100 Embraer E190 aircraft, with the option to purchase 100 additional ones. The company needs thus to think about a way to finance those acquisitions, as well as other needed investments such as spare parts, new engines, additional hangars and a flight training center. John Owen, the Chief Financial Officer of JetBlue, is in charge of finding the best financing scheme for the company. The problem facing John Owen is twofold: First, he needs to finance the acquisitions planned for the second half of 2003. Indeed, for the period from July 1 to December 31, 2003, the company has committed to purchase 8 Airbus A320 aircraft, for a total amount of $305 million to be paid in 2003 (Exhibit 8). The company is generating cash from its operating activities that amounted to $129,725 thousand for the first half of 2003, and already generated $238,989 thousand from financing activities (Exhibit 6). This will cover for part of this capital expenditure estimated at $570 million for 2003 (Exhibit 9). So John Owen needs to finance the remaining part of this capital expenditure. Second, John Owen needs to think about a long-term financing strategy. Indeed, JetBlue is committed to the purchase of 207 additional aircraft for a total amount of $6.86 billion over 8 years. Owen has to think about the best capital structure for the company and thus the best financing strategy for JetBlues investments, including the aircraft acquisitions and the related investments. SWOT Analysis Strengths The first strength of JetBlue is its founding teams background. Indeed, the company was founded by a veteran in the low-fare airline industry, backed by a group of private equity firms. The management of the company has also the expertise of leading a publicly held company, following the IPO in 2002. The company has a successful business model and exhibits strong financial results, as well as strong revenue growth despite the downturn in the industry following the terrorist attacks of September 11, 2001. Thus, JetBlue is a perceived as a solid and growing company by the investors. The low operation costs of JetBlue are one of the most important strengths of the company. The company is utilizing aircraft efficiently generating more revenue per plane. The company is also operating one type of aircraft, the Airbus A320, thus lowering maintenance and training costs and spare parts needs. The workforce of JetBlue is non-unionized and does not benefit from strict work regulations. The distribution costs of JetBlue are also low. Indeed, the company does not provide any paper tickets. The company operates only new airplanes, thus minimizing maintenance costs and offering a good â€Å"flying experience† to its customers. The company also benefits from its reliable on-time performance, comfortable airplanes, and friendly flying personnel to attract and secure its customer base. The company serves densely populated cities in underserved airports, with high fares. This strategy helps the company capture market share in these segments. The company is financing its existing aircraft through secured debt and operating leases, on favorable terms. Those financing possibilities are still available for the company for additional aircraft purchase. Weaknesses A considerable weakness of JetBlue is its small size. The company is operating 42 aircraft, for 73 flights per day and annual revenues of $635 million. The company can probably not rely on its personnel loyalty, due to the non-advantageous working conditions and regulation. The company is operating only one type of airplane, the Airbus A320. This represents a weakness for the company as well. Indeed, the planes have the same age and might all suffer at the same time from an eventual recurrent technical problem on this type of aircraft, which should be catastrophic for the company. JetBlue does not have a line of credit, or short-term borrowing facility. Therefore, the company depends on its operating cash flow to finance its short-term and working capital obligations. The balance sheet of the company also needs to be strengthened. JetBlue also faces one of the airlines principal risks which is the rising fuel price. The company is spending a considerable amount of money in hedging for fuel prices volatility. In addition, as the company is relatively consuming low volumes of fuel, it can suffer from significantly higher prices in case of fuel shortage. JetBlue is a levered company. With a short-term debt of $26,580 thousand and a long-term debt of $731,740 thousand as by June 2003, and equity of $480,594 thousand, the companys leverage ratio is 157.8%, whereas the industry average is around 129.46% (Infinancials). Opportunities Internal The purchase of the new 100-seat Embraer E190 aircraft would allow JetBlue to enter smaller markets while maintaining low operating costs, and increase flight frequency on existing routes. The private placement of convertible debt proposed by JetBlues investment bankers would provide sufficient capital at relatively low interest rates. JetBlue is a fast growing company, and should thus bear having less debt. The company has thus the opportunity to raise additional equity. External The low fares offered by JetBlue would allow it to attract new passengers who might otherwise not fly. The mid-sized market that JetBlue intends to enter will represent a new opportunity for growth to the company. By expanding its activities, the company will purchase larger volumes of jet fuel and would thus have more leverage in procuring fuel than today. The company will thus suffer relatively less from fuel shortages. Threats Internal The company is intending to grow and become an airline company â€Å"like the others†. JetBlue might thus lose its advantages from being low-cost, small and highly profitable. The company is clearly departing from its strategy, which has been the source of its strengths up to 2003. JetBlue plans to purchase a new type of aircraft, the Embraer E190. This is again a departure from the companys initial strategy which is to operate only one type of aircraft. JetBlue might thus incur higher maintenance and training costs, higher spare parts and engines costs, and some negative impact on the maintenance scheduling. JetBlue plans to increase its aircraft fleet from 45 to 252. In addition, the company plans to invest in other domains such as spare parts, new engines, additional hangars and a flight training center. This represents a very big investment and thus a consequent threat for the company. Such an investment will let the company more exposed to financial distress and raises the question of the management ability to cope with such a rapid expansion. The company board members are very concerned about dilution. There is a threat that they will not support John Owen, the CFO, if he recommends to raise new equity capital. With the rapid expansion of the company, the jet fuel expenses, as well as the cost of their hedging will grow rapidly. The company will be more exposed to both the fuel price volatility and the growing cost of hedging it. As the company will get bigger, with higher manpower, those might want to be unionized. External The fuel price is also an external factor due to its non-predictable volatility. JetBlue plans to be the launch customer for the new Embraer E190 aircraft. Although this allowed probably the company to have a price discount, it is also a threat. JetBlue might be exposed to technical and/or non-technical problems that have been not detected by the manufacturer or other users of the jet. The reason for the company to go public was to wean off its dependence on the venture capital and private equity industries. Issuing private debt securities represent a threat for JetBlue as this might lock back the company to such private investors. In addition, those investors and the private investors in general might not be interested by the eventual convertible debenture issued by the company. JetBlue is a small client of Morgan Stanley, the investment bank in charge of proposing financing alternatives for the company. Morgan Stanley might thus charge heavily JetBlue, and/or try to bias the companys choice for its benefit. The competition from other low-cost and regular airline companies which might try to counter JetBlues expansion. The revenues of the company and its growth aspirations are subject to the economic conditions. An economic downturn or additional terrorist attacks might impact negatively JetBlues ability to finance its debt obligations. The company will also have to secure additional airport gates which will represent a threat for the company in case it cannot negotiate advantageous conditions as with underserved airports. The alternatives In order to finance the acquisitions planned for the remaining part of 2003, JetBlue received two financial propositions from the investment banks. The first alternative is to issue additional 2.6 million shares at an estimated $42.50 per share. JetBlue will thus be able to raise up to $110.5 million. The fees and commissions of the bank for this proposal amount to $3,591,250 which represents a cost of 3.25%. The second proposal from the investment banks is to issue $150 million in a private placement of convertible debentures. The debentures will be a 30-year convertible debt with a coupon rate of 3.5%. In addition, the debt will be convertible into shares of JetBlue at $63.75 per share, which represents a conversion rate of 15.6863 shares per $1,000 principal amount of notes. The notes will be unsecured obligations and will rank equal in right of payment with all other unsecured debt. Currently, all of JetBlues debt is secured. The bank will not charge any additional fees for this alternative. JetBlue can consider some other alternatives as well. Indeed, the company can issue some preferred stock. This stock might be considered as equity in accounting, to strengthen the balance sheet of the company, but will at the same time accommodate the board members concern about dilution. This preferred stock option might however fail to attract investors. Another alternative might be the issuance of simple corporate bonds. The coupon rate for those will however be higher than the 3.5% of the convertible bonds. This option will thus cost more for JetBlue than convertible bonds, especially before the companys shares price eventually exceeds $63.75. Issuing public corporate bonds will have higher cost for the company as well. Indeed, those need to be ranked by some ranking agencies and will have higher coupon rates (Exhibit 12). Two other alternatives exist for JetBlue, for the aircraft acquisitions financing: The operating lease and the secured debt (each acquisition debt is secured by the acquired aircraft). Those two options are available for JetBlue at advantageous conditions. Thus, the alternatives that will be retained for the remaining of the analysis are the operating lease and secured debt for the aircraft acquisitions, and the equity issuance and the convertible private bonds for the acquisitions and the other investments. Background Research Some background research has been performed in order to assess how other airline companies are financing their aircraft acquisitions and other investments, and in a broader aspect, study the specificities of their financial structures. This study included some regular as well as low-cost airline companies. British airway, for example, is financing its aircraft acquisitions through debt, all of which being asset related. The group is principally using finance leases and hire purchases contracts to acquire aircraft (British Airways Annual Report 2010, p.104). Delta Airlines, on its side, is using pass-through certificates to finance aircraft (Delta Airlines Annual Report 2010, p.34). In addition, the company has $5.2 billion of loans secured by 287 aircraft (Delta Airlines Annual Report 2010, p.72). United Continental Holdings has a high amount of obligations, including debt, aircraft leases and financings (United Continental Holdings Annual Report 2010, p.53). A substantial portion of the companys assets, principally aircraft, are pledged under various loans and other obligations. The company also uses secured notes, equipment notes, pass-through certificates and multiple financings secured by certain aircraft spare parts, aircraft and spare engines (United Continental Holdings Annual Report 2010, p.55). United Continental Holdings also raises cash from issuance of common stock (United Continental Holdings Annual Report 2010, p.56). The low-cost airline companies seem to be, on their side, more conservative. Indeed, EasyJet is adopting a conservative capital structure policy, including a liquidity target of  £4 million cash per aircraft, and a 50% limit on net gearing (EasyJet Annual Report 2010, p.9). All of the companys debt is asset related (EasyJet Annual Report 2010, p.85). The company holds 62 aircraft under operating leases and 8 aircraft under finance leases, out of 196 total aircraft, principally Airbus (EasyJet Annual Report 2010, p.87). RyanAir, another low-cost airline company, has a fleet of 232 Boing 737-800s. The company makes its firm-order purchases through a combination of bank loans, operating and finance leases and cash flow generated from the companys operations (RyanAir Annual Report 2010, p.42). Both RyanAir and EasyJet exhibit a capital structure that relies less on debt than the regular companies counterparts, as illustrated by the following table: It is important to mention that some small airline companies choose to issue bonds for their investments as well. SpiceJet, an Indian airline company operating to Mumbai, Bangalore, Ahmedabad, Pune, Goa and Delhi issued in 2005 foreign currency convertible bonds worth $90 million to fund aircraft acquisitions (IndiaAviation, 2005). All in all, airline companies are using both debt and equity (together with other financing means, including cash flows generated from operations) to raise money. In its ‘Airlines return to capital markets article, David Knibb (2009) summarizes the ways several companies found financings: Lufthansa, Air-France KLM, British Airways, Air Canada, Australias Virgin Blue, Avianca and Indian carrier Kingfisher all issued bonds during 2009. AMR used private lenders to borrow money. Some other companies, smaller, chose to issue shares: SAS, Virgin Blue, AirAsia, Kingfisher, and Icelandair. From this study, it appears that the majority of airline companies are financing their aircraft acquisitions, apart from using cash flow generated by operations, through debt, either leases or secured debt. Other investment needs are financed either through debt or equity, depending on the companies. However, a common trend to low-cost companies seems to be their conservative financial structures, in comparison to bigger, regular airline companies. Financial Analysis of the Alternatives As per June 2003, JetBlue Corporation has a short-term debt of $26,580 thousand, a long-term debt of $731,740 thousand and equity of total $480,594 thousand (Exhibit 5a). In order to compute an average interest rate for the company, data from 2002 are used: The interest expenses for this year equaled $10,370 thousand (exhibit 4), for a total long-term debt of $690,252 thousand (Exhibit 5a), thus an interest rate of 1,5%. The tax expenses as per June 2003 are of $40,188 thousand for a total earnings before tax of $95,503 thousand (exhibit 4), thus a corporate tax rate of 0.42. From exhibit 1, the JetBlues equity beta during the period from April 2002 to June 2003 is 0.69. As per the data from Exhibit 5a for June 2003, the financial structure of the company was as follows: From the Hamadas formula, we can compute the unlevered beta of JetBlue as follows: Beta(u)=Beta(l)/[1+(1-T)*(Wd/We)] With Beta(l)=0.69, T=0.42, Wd=61.21 and We=38.79 Thus Beta(u)=0.36 In addition, from exhibit 12, the Treasury bill interest rate as of June 30, 2003 is 1.09%, this will be used as the risk-free rate of return. Assuming a market rate of return 9 points higher than the risk-free return, we can use the WACC spreadsheet in order to estimate the financial structure of JetBlue that minimizes the WACC of the company: Appendix 1. It turns out that the company has an optimal financial structure, minimizing its weighted average cost of capital, following those estimated figures. Any of the two options, either the convertible debt or the equity, will probably pull the financial structure from its current optimal position. For the first alternative, the convertible debenture, the coupon rate of this bond is 3.5%, for a total amount of $150,000 thousand. The weighted average cost of debt for JetBlue, if they issue such bonds, will be: [(3.5%*150,000)+(1.5%*731,740)]/(150,000+731,740), thus 1.84%. The financial structure of JetBlue will be as follows: Using the WACC spreadsheet, we can see the companys financial position with regards to the optimal financial structure of JetBlue following the new cost of debt: Appendix2. If JetBlue chooses the debt option, the financial structure of the company will no more be the one offering the minimal WACC. The same analysis can be done for the second alternative. Following the shares issuance, the financial structure of JetBlue will be as follows: Using the WACC spreadsheet, we can see the companys financial position with regards to the optimal financial structure of JetBlue following the raise in equity: Appendix3. From this analysis, it can be noted that JetBlue will still have a financial position that minimizes the companys weighted average cost of capital, thus maximizing the overall value of the companys stock. It can be concluded, from a financial point of view, that the best alternative for the investments planned for 2003 is the equity issuance. Non-Financial Analysis JetBlues passenger revenues knew a steady growth from 2000 ($101,665 thousand) to 2002 ($615,171 thousand). The revenues are forecasted to continue to grow up to a level of $1,796.9 million in 2005 (Exhibit 9). This revenue stability and expected high growth provide a strong confidence to JetBlue in its ability to meet its financial obligations, thus having the opportunity to issue either debt or equity. The companys assets amount to $1,565,322 thousand as per June 2003. Those assets are principally composed by operating property and equipment, which are pledged under the operating leases and secured debt of the company. If JetBlue chooses to finance its future aircraft acquisitions by debt, the acquired aircraft can be used to secure the corresponding debt. JetBlue, as any airline company, incurs very high fixed costs due to its high value operating property and equipment. The company has thus a very high operating leverage and is greatly exposed to the risk of cash flow projections errors in case it does not meet the projected revenues figures. Any variation in the estimated revenues, might lead the company to a position where it could not meet its financial obligations related to debt. From this point of view, JetBlue needs to secure its cash flows. As stated earlier, the company revenues knew a high growth for the precedent years and are expected to continue growing steadily. This high level of growth allows the company to rely on equity. JetBlue is a profitable company, in comparison to peers, as stated in the following graph: JetBlue exhibits good levels of gross margin and operating margin. Furthermore, the companys return on sales, return on assets and return on equity are higher than industry averages and the company can be said to be quite profitable in comparison to company peers. This offers some flexibility to the company to rely on debt. JetBlue has a high level of tax rate (0.42), this allows the company to have an even lower cost of debt and offers the company the advantage of being able to rely more on debt in order to minimize its weighted average cost of capital. All of the companys debt is secured. In addition, the company does not have any line of credit, or short-term borrowing facility. The company does therefore not have any control restrictions or obligations towards its creditors. The shareholders of the company are on their side very concerned about any dilution. This fear of losing the control of the company limits the possibility of the CFO to issue new equity. The founding and managerial team of JetBlue is issued from the airline industry. They are used to manage a highly leveraged and public company. They should thus have a positive attitude towards high levels of debt. They should be able to deal with the opposite aspect (issuing more equity) as well. JetBlue does not need any rating agency for the issuance of the bonds, as those are private. The alternative of issuing public bonds has been eliminated as this one will incur higher costs for the company. The lenders of the company seem on their side to have a positive attitude towards the company, which should be able to issue additional secured debt for its aircraft acquisitions with advantageous conditions. The company has been performing well in the recent years. However, many major US air carriers struggled between 2000 and 2003, and some of them filed for bankruptcy protection. The market is impacted by a general economic slowdown caused partly by the terrorist attacks of September 11, 2001. The market is also subject to big variations depending on several unpredictable factors, like political stability, weather conditions, natural disasters, terrorist attacks etc. All of this calls for some financial conservatism for the airline industry. The internal stability of JetBlue will probably continue to hold, unless the company faces some financial distress, or if the shareholders are no more supporting the management team. From a short-term point of view, John Owen might lose the shareholders support if he goes for equity issuance. From a mid to long-term point of view, he might as well negatively impact the internal stability of the company if he is not conservative enough to avoid any financial distress situation. The debt offering will afford JetBlue less financial flexibility, especially due to the jet fuel prices. If fuel prices rise, this will incur less operating income and thus some difficulties to the company to meet its additional debt service payments. Owen has also to review his hedging strategy of the fuel prices volatility: If the company chooses to hedge more of its fuel consumption, it will incur much higher hedging costs. If on the contrary the company chooses to reduce hedging costs, it will be more exposed to financial distress when the prices increase. Conclusion: The best solution JetBlues market capitalization can be estimated at around $3.12 billion (74,423,693 * $41.98) as per June 30, 2003. The company is intending to grow heavily in the following years, and has plans to acquire 207 new aircraft for a total $6.86 billion up to 2011,

Jones Blair Case Analysis Essay

Decide where and how to deploy corporate marketing efforts among the various architectural painting coatings markets serviced by the company in the southwestern United States. Situation Assessment The US paint industry is a very mature market. The case goes as far to say that paint is can now be considered a commodity. There are 3 main sectors of the paint industry with 2, Architectural coatings and OEM coatings, holding more then 3 quarters of the market and Special purpose paints at 22% Being a mature industry they are not expecting any growth in sales figures except for the growth to stay inline with inflation. It would be useful to know where the 3 segments are at now in 2012 after the financial crisis hit and use for paint materials must have declined when housing construction (architectural) car manufacturing (OEM) and state budgets (special purpose coatings) saw a large decline. Also with customers wanting a thicker coating with less paint at a cheaper cost and strict EPA guidelines; balancing R&D cost and maintaining a strong contribution margin is becoming increasingly difficult. Jones Blair is particularly concerned with how to grow their market share in the Architectural Paint coatings segment. This is the largest of the 3 segments at 43% of the market with minimal expected future growth. The success of this industry is tied to the housing market as most of the materials sold in this segment are used in relation with construction and residential and commercial property remodeling. It would be useful to know much of a hit this segment took with the recent housing crisis. For a while there was no new lending or construction so this segment must have been hit hard. Now that the economy is starting to grow again and people/business are starting to take on improvement projects and buy new properties It would be interested to see what kind of growth is expected over the next few years and if it is considered to be sustainable growth. The competition in the Architectural Coatings market follows the industry standard as being a mature market and there is minimal organic growth within companies. Since R&D costs are high and market segments are well developed most growth is seen with the acquisitions of competitors. The number of paint companies has almost been cut in half since the 1980’s as companies continue to merge together. The paint itself is sold with a 50/50 mix between consumer store fronts and specialty yards. I have a feeling this may also be changing as stores like The Home Depot and Lowe’s cater to the do it yourself market along with contractors. Mom and Pop hardware stores, and Paint Brand (I. E. Sherman Williams) store fronts are starting to diminish. The direct to consumer sales are taking place in super centers like Wal-Mart, Sears and Lowe’s, while contract and industrial sales are primarily seen in specialty stores and Lumber yards. The case says the sales are split between private brands and specialty stores, but I have a feeling as these â€Å"Super Stores† become more prevalent and more people looking to the internet to learn how to do the jobs themselves that sales would shift towards these larger stores. A trending report over the past 10 years with the sales dollars in Architectural paint sales I think would help show this shift. I think it would also be beneficial to see just how many people are painting their homes. It say roughly the average painter will spend $86 on paint and sundries, but I wonder just how many homes are taking on improvement projects. Jones Blair is primarily based in the in the South West Market primarily around the Dallas Fort Worth Area. With growing competition it’s harder to standout in the DFW area as brands battle with in Super Stores due to the number of stores merging or going out of business. The competition is cutting their prices to gain market share making sure you are in as many stores as possible has become a key factor to success. Full product penetration in all areas of the market will be key to ensure strong sales figures and growth. The distribution of sales in this area are relatively split between mass merchandisers and the specialty stores. I think a population analysis of the area would be beneficial to see what areas have a growing population as this would have focus sales efforts for not only contractors developing land but also DIYers who are moving out of the metropolitan area. Over all the sales are relatively split relatively even between the DFW metropolitan areas and the surrounding counties.

Unusual Article Uncovers the Deceptive Practices of Sat Essay Samples 6

Unusual Article Uncovers the Deceptive Practices of Sat Essay Samples 6 Sat Essay Samples 6 - the Conspiracy It's at times difficult to locate a qualified, highly experienced SAT tutor or ACT tutor in a particular area, but expert SAT and ACT online tutors can offer the exact same results as if he or she was right there in your house, and you'll be able to work with the ideal online tutors to help your son or daughter get the very best score they can! Colleges which do not require the SAT Essay fall into the consider and don't consider camps. For many students it is the most nerve-wracking part of the SAT test. Writing an SAT essay could be a familiar undertaking for you whether you've learned to write it in school. The Hidden Treasure of Sat Essay Samples 6 The question isn't really seeking your opinion. On the ACT that you do not receive any points off for obtaining a question wrong, therefore it is to the student's benefit to answer all the questions. Which view you deci de on is not the problem, what matters is you don't change your view. Our present social difficulties, which still include things like racism, need to get faced by men and women with social courage like Atticus Finch and Guy Montag. Sat Essay Samples 6 - the Story Regardless of what you decide to do you wish to be sure that the essay you deliver is the best it can possibly be. Essays must consist of thesis statements. The essay provides you with an opportunity to reveal how effectively you may read and comprehend a passage and compose an essay analyzing the passage. It must be organized into paragraphs. Sat Essay Samples 6 Ideas Once you are finished, spend the subsequent 20 minutes speed writing. As stated above, you simply have twenty five minutes to compose your essay. You have twenty five minutes to finish the essay. 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Barbara Walters Honors 100 Women of the Century

On Friday, April 30, 1999, ABC presented a Barbara Walters special honoring 100 Women of the Century.  Part of a trend of many other top 100 of the century or even top 100 of the millennium lists, the special was organized around the list of 100 women found in the book of the same title by Walters, published by  Ladies Home Journal, though the special didnt stick strictly to that list. The book was rich in photographs. Walters, a prominent journalist and herself a breaker of glass ceilings as a woman in that field, was famous for her specials on various topics, often interviews with celebrities.  This special highlighted those women she thought made an impact on the century. Entertainers were prominent in the special. But many women who contributed to this century in other ways were also featured.  Ã‚   Walters asked the key question: Who in the world is Alice Paul, and why should I care? Using Alice Paul to stand in for all women who contributed to history, Walters stressed the importance of getting acquainted with these women. All of them. Who did Jane Fonda say popped into her mind as the most influential woman of the century? Coco Chanel! Fonda explains: And heres why: She freed us from the corset. Some of the women featured in the book included infamous women like Madame Mao (Jiang Qing) who oversaw Chinas bloody Cultural Revolution, and Leni Riefenstahl, known as Hitlers moviemaker. Through talking about these women, Walters and her guests manage to cover the first and second waves of feminism, women who were activists for womens rights and other causes, women in film and television, women in fashion and fashions effect on womens lives and health, women singers, and more. Here is a list of women who appear or are named in the special.  I include the long list as a reminder of the many women whove had an impact on our world, in many different fields: Actresses, comediennes, and singers included: Janis Joplin, Lucille Ball, Carol Burnett, Katharine Hepburn, Oprah Winfrey, Jane Fonda, Madonna, Bette Midler, Rosie ODonnell, Vivien Leigh, Hattie McDaniel, Jessye Norman, Maria Callas, Marilyn Monroe, Celine Dion, Ella Fitzgerald, Billie Holiday, Marian Anderson, Greta Garbo, Lauren Bacall ... Included also were artists Georgia OKeeffe and Frida Kahlo, photographers Margaret Bourke-White and Dorothea Lange, dancers Martha Graham and Isadora Duncan, poet Maya Angelou, and writer Ann Landers. Sports figures included  Babe Didrickson, Gertrude Ederle, Sonja Henie, Jackie Joyner-Kersee, Wilma Rudolph, Billie Jean King, Chris Evert, and Nadia Comenici. Aviator Amelia Earhart and astronaut Lt. Eileen Collins were listed, as was scientist Marie Curie,  fashion designer Coco Chanel,  executive Katharine Graham, and the created figure of Rosie the Riveter. Women known for their activism or political involvements also appear.  These included  Gloria Steinem, editor of Ms. Magazine, Rosa Parks, Margaret Sanger, Jane Addams, Ann Richards, Alice Paul, Helen Keller, Annie Sullivan, Carrie Chapman Catt,  Rachel Carson, Betty Friedan, Phyllis Schlafly, Marian Wright Edelman, Anita Hill (the transcript calls her Anita Thomas at one point!), Mother Teresa, Margaret Mead, Madeleine Albright. First Ladies Eleanor Roosevelt, Jacqueline Kennedy, Betty Ford, and Hillary Rodham Clinton  were highlighted, along with Princess Diana and  Hjeads of state Indira Gandhi, Golda Meir, and Margaret Thatcher. And, though she professes embarrassment to be included: Barbara Walters  herself. Has the world changed with the impact of these women? Yes. Does it need to change more? Gloria Steinem says, in the special: But the problem is that when I go around and speak on campuses, I still donà ¢Ã¢â€š ¬Ã¢â€ž ¢t get young men standing up and saying, How can I combine career and family? Added: Jane Fonda Though Jane Fonda is not a major theme in the book or special, a long-term after-effect of the special is the email chain which has evolved over the years,  accusing Jane Fonda of betraying American POWs in Vietnam.  The emails continue to be circulated, often demanding that the 1999 Barbara Walters book or special be stopped.  Some of them have mentioned this review and its author as a supposed co-writer of Walters book.  (This author was not involved in the book, just this review.) In about 2009, the emails evolved to allege that President Barack Obama was a co-writer of the book. Information on the Book 100 Most Important Women of the 20th Century by Kevin Markey, Ladies Home Journal Books, Lorraine Glennon, Myrna Blyth (Introduction), Barbara Walters. Featured in the April 1999 Barbara Walters special, this book is heavy on the entertainers but is itself an entertaining look at the women of the century.