Julius CaesarFate vs. Free Will Essay Example

Julius CaesarFate vs. Free Will Essay Julius Caesar Fate vs. Free Will In Julius Caesar, two forces compete for dominancefate and free will. Fate was portrayed as prophecies and omens. Free will was the character’s ability to overcome itwhich they tried and didn’t. Caesar, Cassius, and Brutus have troubles overcoming their fate in the play. In the end of the play, all three of them fall to their fatethis is Shakespeare’s way of showing the fine line between the two. Caesar’s fate was the most obvious to him and the readers. In the beginning we see how Caesar uses his power over his own fate by ignoring the soothsayer in the crowd that warns him of the ides of March. On the ides of March, Caesar confronts the soothsayer and tells him that it is now the day he was warned of but he doesn’t what the rest of the day holds for him. Earlier that day, Calphurnia tells Caesar about her dream and how everyone went to his statue to bathe their hands in the blood coming out of the statue in her dream (Act 2, sc. ii, 13-26). Decius Brutus goes to Caesar’s home and when he finds out that Caesar would not be going, he retells Calphurnia’s dream as a blessing upon him. On Caesar’s way to the Senate, Artemidorus attempts to warn him and show him the exact plan of his murder, but Caesar refuses since he is filled with pride at the moment. Through all the times that Caesar’s free will could have helped him save his own lifehe chose to ignore it, leading to his death. Cassius was very aware of his own fate up to the very end. He took the largest precautions to overcome it. We will write a custom essay sample on Julius CaesarFate vs. Free Will specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Julius CaesarFate vs. Free Will specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Julius CaesarFate vs. Free Will specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Cassius believed in the Epicurean philosophy (gods do not involve themselves directly into the fate of man), which was highlighted when his famous fate quote was said to Brutus (Act 1, sc. ii, 139-141). Cassius thought that he could always do something to make his current position in life better. Cassius desire was to make sure that Caesar would not become emperor, but Caesar’s fate was to become the emperor. Because he was so driven by this desire, he went out of his way to kill Caesar. Later on, Cassius changes his mind and sees that the gods are not looking upon their mission too favorably. He died by his own sword, seeing that the eagles presented his fate which was too much to overcome. Brutus always believed that bad things would not happen to good people. Brutus went along with the flow of things and accepted whatever happened. This requires Cassius to go to extreme measures to convince Brutus to join the conspirators. Brutus’ form of death was pure apathy. He dreamed of Caesar’s ghost and being reunited with him at the battle of Philippi. In the end of the battle, he falls upon his own sword and fulfills his dream. Shakespeare gives off the message that failing to acknowledge your fate will lead to permanent consequences such as death. Cassius accepted his fate in the end. Brutus was never strong with using his free will, but he died like Cassius. Caesar’s control over his free will was just as weak as Brutus, but Caesar took a nobler approach at defying it. All three of their deaths show an example of how you should use your free will very carefully and if you let your guard down†¦you fate will get the better of you and being careless will cost you greatly.

Study of the key Mergers Acquisitions of Banco Santande (2002-2010) The WritePass Journal

Study of the key Mergers Acquisitions of Banco Santande (2002-2010) References Study of the key Mergers Acquisitions of Banco Santande (2002-2010) ABSTRACT   1. 0 INTRODUCTION  2.0 LITERATURE REVIEW3.0 RECENT HISTORY –3.1 Origins Growth3.2 Main economic and legal environments in main market –3.3 Strategic developments (2002-2010)3.4 Business Opportunities3.5 Long term performance in stock market – 4.0 Empirical Supports 4.5.1 Liquidity ratio4.5.2 Profitability ratio4.5.2.1 Return on equity4.5.2.2 Return on capital employed4.5.2.3 Return on Assets4.5.2.4 Cost-Income ratio4.5.3 Investment valuation ratios4.5.3.1 Dividend payout ratio (DPR)4.5.3.1 Earnings per share (EPS)ConclusionReferencesRelated ABSTRACT Mergers and acquisitions (MA) play a vital role in the corporate finance world. For many companies, M A is source of external growth when company organic growth has already reached at peak. Globalisation of the world economy allows company expanding their operations and also competes against the domestic players through mergers and acquisitions. This study highlights the success story of acquisition of UK bank â€Å"Abbey National† by Spanish Bank – â€Å"Banco Santander† in November 2004.This acquisition profoundly transformed the Group Santanders business profile, provided the growth opportunity in most profitable attractive market, diversified the risk and substantially increased the market capitalisation. This study examines the Santander strategic development post acquisition, impact on their financial performance also their long term performance in stock market. This cross – border M A has been very beneficial for the Santander. Santander continu es to focus on delivering value for shareholders through organic growth and acquisitions. Analysis of the topic has been demonstrated by several examples. The data and the information source are publisher’s websites, literatures, news, and, various articles.    1. 0 INTRODUCTION Privatisation and deregulation have brought substantial changes in the financial markets since the 1970s. In 1980 deregulation was encouraged in the EU which brought major structural change. Introduction of the single currency in Europe was example of further deregulation, which encouraged countries to open their markets to foreign competition. Abbey National had gone through a big transformation in the last century from a building society, to successful bank and finally to a bid on the market. Abbey National was a well-established domestic name in the UK. It has been a successful business in the past. Abbey National proceeded to expand through mergers and acquisition in order to maintain its market position, however, diversification of its core businesses and a lack of focus resulted in large losses for the group from year 2001 had total loss of  £984million in 2003. In 2001 the Lloyds TSB placed offer to takeover, which was likely to result in a large market share ownership within the UK by one bank. This was overturned by Competition Commission and the Office of Fair Trading as it was against the public interest. Santander realised Abbey National as a safe investment compared to its Latin American banks that have been losing money for the last two years. Moreover, this acquisition for Santander was a new interest in retail banking, which was Abbey National’s strength. Abbey National plc and Banco Santander Central Hispano, SA reached an agreement on the terms of a recommended acquisition by Banco Santander of Abbey on 26 July 2004, which was formally approved by the courts and Abbey became part of Grupo Santander on 12 November 2004.   2.0 LITERATURE REVIEW Mergers and acquisitions are source of external growth when organic growth is not possible. For smaller companies there is constant threat to their continued independent existence by the big player/competitor. The terms Mergers takeover are synonymously used although there is narrow distinction between the two. Merger is reorganisation of assets into a new organisation having agreement of both their shareholders. Merger involves company of similar size which reduces the dominance of each other. A take over is acquisition of the ordinary shareholders capital by another company. This may be financed by cash payment, an issue of securities or a combination of both. In acquisition bidding company is larger and dominant than the target company. Broadly takeovers can be classified into following three categories – â€Å"Horizontal takeover† – Company operating in the same industry and similar stage of production â€Å"Vertical takeover† – Operating at different stages production within the same industry. Vertical takeover may be a move forward in the production process to secure distribution outlet, or a move backward in the production process to secure the raw material supply. â€Å"Conglomerate takeover†- Combining two companies operating in different area of business. When there is international dimension involve it is called cross border acquisition. Justification for acquisitions – â€Å"Economic† â€Å"Synergy† – â€Å"When assets and /or operations of two companies complement each other, so that sum of their combined output is more than individual some†. â€Å"Economies of scale† – â€Å"Similar to above as the scale of operation is larger and better efficiencies/ output are experienced1.† â€Å"Elimination of inefficient management† – â€Å"Acquisition helps replacing inefficient manager by efficient managers leading to deliver better performance and output1.† â€Å"Entry to new markets† – â€Å"Entry to new geographical and business area right from scratch may not be an economical option so acquisition is chosen as efficient route to expansion.† â€Å"To provide critical mass† – â€Å"Smaller companies experience lack of credibility because of their small size. Because of the increasing importance of R D and brand investment, merging company’s pool resources to establish critical mass required to provide cash flows to finance such requirements1.† â€Å"Means of providing growth† – When company finds organic growth difficult then this strategy will be a quick solution for providing growth. â€Å"Market Power share† – Horizontal acquisitions increases market share and earn monopoly profits, whereas vertical acquisition increase company power in raw material or distribution. 2.   Ã¢â‚¬Å"Financial â€Å" â€Å"Financial synergy† – If the cost of capital decreases as a direct result of acquisition. In conglomerate takeover because of lack of correlation between the cash flows of different companies reduces the volatility of cash flow. These results in reduced business risk and cost of capital may decreases. â€Å"Target undervaluation† – â€Å"Target company’s shares are undervalued where capital markets are not efficient as a result company may be a bargain buys†. â€Å"Tax consideration† – Tax exhausted company will be benefited with the acquisition of non tax exhausted company so that tax allowable benefits can be brought forward which may offset capital allowance interest. â€Å"Increasing earning per share† – â€Å"Earning per share increases if the bidding company has a higher price/earning ratio than its target company†. 3.   Ã¢â‚¬Å"Managerial Motives† – This may also arise if managers are more concerned satisfying their own objective rather than with increasing the wealth of shareholders. Sometimes motives behind such acquisitions are to increase managers pay power. Factors influencing takeovers trends are as follows (i)â€Å"Booming Stock exchange† – With the increase in share prices it attracts the bidding company to have acquisition of the target company. (ii) Increase in company’s real liquidity and profitability encourages takeover. (iii)   Deregulation external source of finance (debt) more easily available in the market. 3.0 RECENT HISTORY – 3.1 Origins Growth The Abbey National Building Society was formed following the merger of two long standing building societies in 1944. During the period of 1970 and 1980 it gained reputation for innovation changes. In 1988, Abbey National plc was incorporated as a bank and in 1989 the Society transferred business to Abbey National plc. September 11th attack in New York Enron turned out in 2001 damaged confidence in various financial areas. From this point, Abbey struggled from financial losses and a tarnished image. In 2003, the brand name was shortened to Abbey. There was major reorganization of the bank in September 2003. In 2004 it became a wholly owned subsidiary of Grupo Santander of Spain After two successive years of losses Abbey returned to profit in 2004 even though there was big cost of reorganization post acquisition charges ( £564 million). Abbey was renamed Santander UK in January 2010. Table 1 – Grupo Santanders Performance comparison in Year 2004 2005 Source – Santander Annual Report 2005 santandershareholder.com/financial-information/reports-and-publications/ Table 2- Abbey Full Year Results for the Year 2004 2005- Source Abbey 2005 Full Year Results – aboutsantander.co.uk/investors/financial-results-and-presentations/2005.aspx 3.2 Main economic and legal environments in main market – There has been a good economic environment for business growth till 2007. Market was hit by deep recession in 2008 which continued till 2009. Year 2010 saw the recovery. Table 3 – Main Economic highlights 3.3 Strategic developments (2002-2010) Santander Consumer continued to develop its two-pronged growth strategy organic and selective acquisitions with excellent results. Banco Santander has expanded its operations aggressively with several acquisitions in the last decade. Santander strategy is to follow the business model of proven success in European and Latin American countries, and was applied in Abbey. The pillars of this model are Focus on retail banking Diversification, efficiency Prudence in risks Balance sheet strength Flexible style of management, which enables them take advantage of business opportunities Adapt easily to the countries where they operate and to the changes and new challenges. 3.4 Business Opportunities On 26 July 2004 â€Å"Banco Santander Central Hispano† announced the acquisition of â€Å"Abbey National plc†, the acquisition was formally approved by the courts on 12 November 2004. In June 2006, â€Å"Banco Santander Central Hispano† purchased almost 20% of Sovereign Bank. In May 2007 consortium â€Å"Banco Santander Central Hispano†, â€Å"Royal Bank of Scotland† and â€Å"Fortis† made an offer to takeover â€Å"ABN AMRO†. In October 2007 acquired â€Å"ABN AMRO†. As part of the deal, â€Å"Grupo Santander† acquired â€Å"ABN AMROs† subsidiary in Brazil and its subsidiary in Italy. On 13 August 2007, â€Å"Banco Santander Central Hispano† changed its legal name to â€Å"Banco Santander†. In November 2007, it sold Banca Antonveneta to Monte dei Paschi di Siena. In March 2008, Banco Santander sold Interbanca, a subsidiary of Banca Antonveneta, to GE Commercial Finance In July 2008   it intended to takeover the UK bank Alliance Leicester, the acquisition was completed in October 2008.This was followed by the acquisition of the savings business of UK bank Bradford Bingley (BB) in September 2008. The banks, along with Abbey, are to be merged together under the Santander name in the UK by the end of 2010 These acquisitions saw Santander managing diversified portfolio which reduced the risk and also provided a profitable growth to emerge as the largest financial in the world. Santander’s continues to focus on the attraction, engagement, development, progression and retention of its senior leaders. 3.5 Long term performance in stock market – Table 4- Stock market Key Performance for Santander 2002- 2010 The above table shows Santander Group robust performance in the last decade. Share prices had doubled prior to the 2008 when there was worldwide recession and stock prices tumbled down. Company has shown a great resilient performance and recovered slowly to a steady growth position. Figure 1 – Share Prices of Banco Santander Figure 2 – Market Capitalisation of Banco Santander 4.0 Empirical Supports Table 5 Key Ratios Performance of Banco Santander 4.5.1 Liquidity ratio Liquidity ratio shows companys ability to repay short-term creditors out of its total cash. The liquidity ratio is the result of dividing the total cash by short-term borrowings. Current ratio = Current Assets/Current liabilities Figure 3 – Current Ratio of Banco Santander 4.5.2 Profitability ratio These ratios express the company ability to generate earnings as compared to its expense. Various measures used in this analysis are Return on equity (ROE), return on capital employed (ROCE), and return on asset (ROA) . 4.5.2.1 Return on equity Return on equity (ROE) – This measures rate of return on the ownership interest. It’s efficiency of generating profits from every units of shareholders equity. This is expressed as following formula ROE = Net profit after taxes/Average shareholders’ equity Figure 4 – ROE of Banco Santander 4.5.2.2 Return on capital employed This measure earning with capital invested in the company. This is expressed as ratio of earning before interest taxes to the capital employed. Capital employed is represented as total asset less current liabilities or fixed asset plus working capital. ROCE = Net profit after taxes/Capital Employed Figure 5 – ROCE of Banco Santander 4.5.2.3 Return on Assets This measures the profitability of company’s assets in generating revenue. This is ratio of Net Income to mode of total asset. ROA = Net profit after taxes / Total Assets Figure 6 – ROA of Banco Santander 4.5.2.4 Cost-Income ratio This is measure of efficiency. This measure change of cost compare to income. It directly affects the profit margin.   As the efficiency decreases means cost decreases or income increase or increase in cost is less compared to income. This results in improved margin. Figure 7 – Efficiency of Banco Santander 4.5.3 Investment valuation ratios Investment ratio is measure of returns in future. This is an anticipated value/Forecast on the investment. 4.5.3.1 Dividend payout ratio (DPR) This ratio measures the percentage of earnings (net income) per common share allocated to paying cash dividends to shareholders. Dividend payout ratio is indicates the earnings of dividend by every share against the earning per share. DPR= Dividends per common share/Earnings per share. Figure 8 – DPR of Banco Santander- 4.5.3.1 Earnings per share (EPS) This express part of a companys profit allocated to each outstanding ordinary share. Earning Per Share is a measure/tool used by investors to asses profitability based on the number of shares they hold/own. EPS = (Net Income – Dividends on preferred stocks)/Average outstanding ordinary shares Figure 9 – EPS of Banco Santander Conclusion In this study the research has been carried out on the M A in general and role of M A on the financial performance of Banco Santander in particular. Deregulation of having single currency Europe wide globalisation opened the market for foreign companies to expand their operation compete against domestic players. This acquisition is a case of cross- border where Santander got opportunity of acquiring diversified portfolio which reduced risk in their business. Ratios such as Liquidity, Profitability, Investors, Gearing Returns have been considered pre post acquisition for analysis in order to understand the financial performance of the bank in the last decade. Santander continued to grow organically and also followed very aggressive cross border acquisitions as a strategy. Santander has shown a very robust performance post acquisition. In 2005 after acquisition of Abbey Santander profits soar group shown 35% rise in profit during the first six months. Overall rise was 44% in the year. Santander continued acquisitions and business growth has been significant year on year basis. Santander performance has been resilient during recession and shown great recovery in 2010. Assets, Market Capitalisation, Profits, Earning Per Share has shown significant growth in the last ten year. High profitability led Santander to pay high dividend to share holders. Santander continues to focus on shareholder values and paid big returns to share holderâ€⠄¢s money. Santander emerged as world’s biggest financial group in a decade. References Watson, D. Head, A (2010) Corporate Finance: Principles Practices, Abbey National (2004) History According to aboutabbey.com Abbey National (2004) Annual Report According to www.abbeynational.co.uk BBC News (2001) A battle for Abbey National According to http://news.bbc.co.uk/1/hi/business/1170339.stm BBC News (2003) Abbey National slumps into losses According to http://news.bbc.co.uk/2/hi/business/2799905.stm Forbes (2004) Abbey National Shareholders OK Takeover According to www.forbes.com Taylor. G (2003) UK Building Society demutualization motives Business Ethics, Volume 12 Issue 4 Page 394 Webster. J (2001) Final Thematic Report – Retail Financial Services According to www.tcd.ie/erc/Servemploi/reportspdf/FinalThRep/sevthrefiancial.PDF  5th Edition, Harlow: Prentice Hall http://en.wikipedia.org/wiki/Abbey_National aboutsantander.co.uk/ â€Å"www.google.co.uk† aboutsantander.co.uk/investors/financial-results-and- presentations/2005.aspx santandershareholder.com/financial-information/reports-and-publications/

Affirmative action at the work place Essay Example for Free

Affirmative action at the work place Essay ? Affirmative action is a concept used as a justice seeking tool comprising of policies to address intimidating aspects of a non dominant or minor group. Such groups include women, minority men and physically disabled people. Affirmative action increases these groups access to facilities such as employment and education. The motivation for affirmative action comes in times when a perception or actual negative aspect towards a certain group is experienced, but illegal according to legislative bodies. It is also applied in learning and service delivery institutions such as police forces, hospitals or universities to motivate them to act more responsibly to the people they represent. According to Bulman (2006), affirmative action at the work place is a concept that should be applied in all departments. This is because many working places are characterized by cultural, social and political diversity (p.45). This is to say that people come from different communities, races, religions, political backgrounds, gender, national origins, and age, physical and mental health capabilities. This calls for affirmative action to fight for the weak mass within the working place, as these upgrades the workforce diversity. Racial and gender based discrimination in a working environment comes in the areas of granting jobs, in promotional programs and admission to institutions causing unfairness and inhumanity aspects in the working environment. Affirmative action in an employment environment illustrates both the prescriptive indicators and double edge quality in working together. Strong form of affirmative action should be the abolishment of race and sex consciousness in the times of hiring, promotion and in layoff preferences. Â  The need and essentiality of constructing integrated society in the workplace is to develop a forward looking and pragmatic staff. The diversity bestowed on company employees signifies diversity in its location and therefore employers need a law to govern them for maintenance of the diversity. The ideology of preferences among equally qualified applicants has a negative perception at this time when diversity is so widely acknowledged. The support extended to workplace diversity leaves open both questions of means and ends. Enhancement of affirmative action can literally be done through encouraging application from disadvantaged groups during recruitment programs. As a result, some preferences may be extended to the groups perceived to be underrepresented. Affirmative action should be mostly adopted by government organizations for they are highly affected by discrimination along ethnicity and gender lines (Loury, 2003, p.13). Adoption of this will make state parties to diminish or eliminate situations which help in perpetuating discrimination. For the government to assist implementation of this, each company should be given some legal minimum requirements to comply, in the area of representation by the disadvantaged groups in their various departments of work. The matters of concern that should be addressed are equity ownership, representation within management, employee level up to board of directors level, procurement of businesses and other several social investment programs. Affirmative action prevents discrimination in lines with hiring bias, promotion, job assignment, compensation, retaliation and all sorts of harassments. Work place is a unique and important site for development of corporative and social ties of different groups. It has of late become the centre for corporation, socialization, and solidarity, which emerge as primary features of human psychology. This has also been tightened by affirmative action move, which has promoted equity in opportunity and demographic heterogeneity and the imposition of rudimentary virtues of freedom of association and communication (Mellot, 2006, p.7). The conventionality in the diversity argument hardly spins the value of demographic based on heterogeneity and is mostly made to ensure work place integration. The process of affirmative action thus starts with pooling different people of different identities and backgrounds together. Different experiences and attitudes thought to correspond to demographic variations in the work place are eroded easily, thus emphasizing on common ground and connectedness across the difference lines. In places where many people live and work together elements like friction in decision making, turnover and dissatisfaction are eminent. The challenge is devising the ways and means to ameliorate the emerging tensions. In the employment context, workers should be protected equally and completely rule out employment abuses such as unequal treatment of treating employees, job applicants and former employees due to differences in a group membership. Employers have to take care of pregnant mothers or related medical conditions. It is against affirmative action move to discriminate workers in lines of discharging, hiring, compensating, terms provision, conditions and employment related privileges (Mellot, 2006, p. 9). From societal point of it, the employees form a part of society. They have to take that as their own community, live in it and a system of governance should exist within. Application of many cooperative interracial interactions in the workplace ensures the living together and governance. Because of the diversity brought in by the globalization process, interactions that lead to reasonable and controllable frictions should be allowed to pave way to brainstorming and creativity. From the societal calculus, the side of the employer is less considered. Affirmative action at the work place. (2018, Nov 09).

Early Modernism and Art Nouveau - A Comparison Essay

Early Modernism and Art Nouveau - A Comparison - Essay Example The essay "Early Modernism and Art Nouveau - A Comparison" compares two movements of art and architect. Architecture is on such sphere of human activity that though discernibly has utilitarian objectives, also tends to be a pivotal medium of human expression. Architecture is also an art form whose scope and nature is directly susceptible to the times in which it is placed, responding pragmatically and aesthetically to the raw materials in vogue and the primary social and artistic concerns of the generation of which it tends to be a product of. Taking architecture in the context of time, early Modernism and Art Nouveau happen to be two important movements in the sphere of art and architecture. In an academic perspective, it will be immensely enlightening to dissect the essentials of these two art movements in a comparative context. Within the realm of architecture, early Modernism was primarily associated with the simplification of form. It primarily relied for the accrual of ornament al appeal, on the theme and structure of the intended structure. Early Modernism initiated its nascent reverberations during the start of the twentieth century. It was directly influenced by the times of its genesis in the sense that it attempted to respond to the ensuing modernization of society and the accompanying technological developments. It would not be wrong to say that early Modernism tried to reconcile the principles of architecture to the two aforementioned trends. Early modernism borrowed themes from varied architectural styles.

Importance of Maintaining Accurate Financial Statements Research Paper

Importance of Maintaining Accurate Financial Statements - Research Paper Example The paper will explore why accurate financial statements are important for outside business interests Customers Customers are external parties that deal with the company by purchasing its products and services and are therefore interested in the financial statement of a company that needs to be accurate. Customers would be interested in the accurate financial statement for them to be able to know how the company spends its funds and manages its debts. Accurate statement of financial position and statement of comprehensive income will show the customers how the company is performing in terms of the profits the company makes relative to the debts it incurs, or the amount the company spends on its marketing strategies in comparison with operations (Horngren, Harrison & Oliver, 2012). A customer would be interested in the financial statement for them to be able to gage whether the company is profitable and would continue as a going concern. If the financial statement reflects that the co mpany may go under receivership, the customer may get a good picture and strategies on where they will get their products in case the business collapses a\s reflected in the financial statement. ... Customers require that the companies they deal with handle themselves responsively toward the environment and giving back to the society through corporate social responsibility. Therefore, accurate financial statement should contain corporate social responsibility that customers have become increasingly looking for in the company. This is because through financial statement customers would be able to know whether their preferred companies measure the overheads, returns, and their impacts on corporate responsibility initiative (Williams & Williams, 2006). Customer is always interested in knowing the plans of the management. This can be known only through an accurate financial statement that contains the section of executive manager’s discussions and analysis of what had happen in the past and the future prospects. The management analysis is also considered as one way by which customers who does not understand other parts of the financial statement can gain some important inform ation pertaining to company’s plans. Shareholders The shareholders of a company would also be interested in an accurate financial statement so that they can be able to determine whether their investments are being utilized effectively. This would be reflected in the Statement of financial position. Through financial statement, shareholders would be able to know whether the company is profitable and is likely to pay dividends in the near future or not (Horngren, Harrison & Oliver, 2012). Creditors Creditors just like the customers use financial statements in a number of ways. They use the statement of financial position to know the company’s

Bear Minimum Essay Example for Free

Bear Minimum Essay The lease of a combustion turbine by Big Bear Power from Goliath Co includes three provisions that we must examine to determine whether they should be included in the â€Å"minimum lease payment† as defined in ASC 840. Provision 1 This provision involves Big Bear paying $500,000 to its external counsel, and $1 million of legal fees to Goliath Co. The $1 million fee to Goliath Co. should be included in the minimum lease payment. This is supported by 840-10-25-6 which states: Fees that are paid by the lessee to the owners of the special-purpose entity for structuring the lease transaction†¦shall be included as part of minimum lease payments. The $500,000 to its external counsel should not be included because it was not an obligatory cost for the lease. Provision 2 To determine if the penalty payment from a default would be included in the minimum lease payment, we look at ASC 840-10-25-14: [Default covenants related to nonperformance do not affect lease classification if all of the following conditions exist: a. The default covenant provision is customary in financing arrangements. b. The occurrence of the event of default is objectively determinable (for example, subjective acceleration clauses would not satisfy this condition). c. Predefined criteria, related solely to the lessee and its operations, have been established for the determination of the event of default. d. It is reasonable to assume, based on the facts and circumstances that exist at lease inception, that the event of default will not occur. In applying this condition, it is expected that entities would consider recent trends in the lessees operations. If any of those conditions do not exist, then the maximum amount that the lessee could be required to pay under the default covenant shall be included in minimum lease payments for purposes of applying paragraph 840-10-25-1] The first condition about the default covenant provision being customary does exist due to the note stating that â€Å"this is a customary provision in  leasing arrangements†. The company has positive cash flow and is in compliance with all its debt covenants, which supports Big Bear’s belief that the chance of default is low. Thus conditions 2 and 4 are met. Condition 3, which involves predetermined criteria in case of a default, does not seem to have been met. Since not all the conditions have been met, the default payment covenant shall be included in the minimum lease payment. Provision 3 This provision states that Big Bear’s rent of $1 million will increase by the same percentage increase in the CPI. The most recent annual increase in CPI was 4%. 840-10-25-4 states that â€Å"lease payments that depend on an existing index or sate, such as the CPI or prime interest rate, shall be included in minimum lease payments based on the index†. Therefore after the first year, the minimum lease payment will rise by $40,000 per year or $3,333.33 per month.

Analysis Of A Motivational Speech By Queen Elizabeth I -- essays resea

The human desires of greed, wealth, and power have been embedded into the world's history as political figures have led invasions of other countries countless numbers of times. Whether invaded or being invaded, a country requires strong and capable leaders to see them through this difficult time. In 1588, Queen Elizabeth I of England gave a motivational speech to her troops using the rhetorical devices of diction, imagery, and sentence structure to motivate her subjects positively and to instill the fear of the pending invasion in their hearts. The queen uses positive diction, sentence structure, and imagery in her effort to motivate her people to defend their country from their Spanish invaders. She uses diction to praise and motivate her subjects. The queen refers to her people as "faithful" and "loving," praising their "loyal[ty]" and "goodwill." These positive words allow her subjects to see her as a caring, kind leader whose praise urges them to fight for their country. She also uses the words "noble" and "worthy" to describe her people's task of protecting their country against invasion. The use of such praising words makes her people see the task as important, and it will instill a sense of duty in their hearts to protect their kingdom. The queen further motivates her people by implementing the use of sentence structure. In the beginning of her speech, she says, "we have been persuaded." In the second half of her first sentence, she says, "I a ssure you I do not desire to live to distrust my faithful and loving people." Her use of the royal "we" and then her transition to "I" symbolizes her descent from the throne literally to speak to her troops on the field and figuratively by referring to herself as I. This will encourage the troops to see her as a fellow Englishman and not a distant queen. The queen also uses sentence structure when she says, "I myself will be your general, judge, and rewarder," and, "By your obedience.., by your concord.., and your valor.., we shall shortly have a famous victory." She speaks listing three things at a time, giving her speech rhythm. The mention of her three positions shows her as generous and powerful, causing her troops to respect and admire her. The listing of the three characteristics of her... ...age of the queen actually picking up a weapon and marching into battle with her troops. The importance of this image is that it encourages the troops to pledge their loyalty to their queen who seems willing to fight alongside them. The queen also scorns those who "dare to invade the boarders of my [the queen's] realm." This creates an image of the pending invasion in the minds of her people. With a vivid portrait of the upcoming battles, her subjects realize that they must be brave and loyal in order to defend their country. Perhaps the most vivid image is that of the "heat of battle." A fire-swept battlefield comes into mind, and the fear of such a battle will motivate the queen's subjects to protect themselves from such future battles. Clearly, the queen, using the rhetorical devices of diction, imagery, and sentence structure, was able to motivate her subjects positively and to instill the fear of the pending invasion in their hearts. Her concise but powerful speech was exactly what her troops needed to hear before marching to battle. The queen with her speech secured their loyalty and trust, and her oratory helped unify her people in their time of crisis.

John Langdon Essay

Who is John Langdon? John Langdon was one of the two first senators of the state of New Hampshire. Early on in his political life, Langdon was a supporter always of the Revolutionary War and then later served in the Continental Congress. After serving in Congress, Langdon turned a different direction and became governor of New Hampshire. He could have run for vice president of the United States but turned it down. He was a great part in America’s history and grew up with America as it has turned out to be today. John Langdon was played many roles in our country today including: a patriot, a soldier, and a statesman. Langdon’s family was one of the first to settle near the middle of New Hampshire’s river, the Piscataquis River. John was then taught as a kid growing up by an educator at a school near by. John Langdon’s father asked John and his brother, Woodbury, to join along on his successful agricultural business. They both ended up becoming apprentices of local merchants. Langdon was an unstationary man, as by the age of twenty-one he was captain sailing to the West Indies, and four years later John owned his first merchantman. His brother was even more successful. They both began to do the trade business and by 1770 both men were accounted as the wealthiest citizens in the area. In 1777, Langdon turned his attention to a different subject. He wanted to help the soldiers. Since he was the lower speaker of the house for New Hampshire, he spent much time reorganizing and making the states militia stronger. He then split them up into two brigades. One brigade was centered in the east was to protect and prevent ambushes from the Royal Navy and support the New England states. The second brigade was organized in the west to guard from any sudden ambushes from Canada. Then lastly John Langdon is most famously known for being one of two delegates of New Hampshire at the Continental Congress. He was in Congress from 1775 to 1776, and then resigned in June 1776. He then became a superintendent for the construction of several ships of war. He was also a participant at the Battle of Bennnigton and led a group into Saratoga. Then in 1784 he was a member of the state senate, and then the president of New Hampshire in 1785 and 1788. Then in 1787 he was a member of the Continental Congress and a delegate of New Hampshire. He led New Hampshire from the beginning of his life till the very end. From 1805-1811 he was the governor of New Hampshire. He then died in Portsmouth, New Hampshire on September 18th 1819 and was buried in the North Cemetery. John Langdon was not a huge part of America’s course of history was he was overall a big part of New Hampshire. He was a leader of that state was the moment his family first lived there to dying and being buried there. I think New Hampshire should recognize more of what John Langdon did for their state. My name is Crystal Moreland and I am a Field Organizer for Congresswoman Shelley Berkley’s campaign. I wanted to let you know that Brent Martelli has contacted me about his volunteer time with the campaign. We are very excited to have him and would be more than happy to show him all the different aspects of what goes on in a campaign such as voter identification and event involvement. I think this is a great experience for your students to have and I very excited to get them involved. I hope they have a great experience and learn a lot!

Emily Dickinson – I Die for Beauty, but Was Scarce

I Died for Beauty, but was Scarce Emily Dickinson I died for Beauty — but was scarce Adjusted in the Tomb When One who died for Truth, was lain In an adjoining room — He questioned softly â€Å"Why I failed†? â€Å"For Beauty†, I replied — â€Å"And I — for Truth — Themself are One — We Brethren, are†, He said — And so, as Kinsmen, met a Night — We talked between the Rooms — Until the Moss had reached our lips — And covered up — our names — Emily Dickerson's poetry often has similar discussion points (Paton). In a few of her poems, such as â€Å"I Died For Beauty,† she discusses death. However, while death would normally be considered a negative subject, she tends to take it from a different perspective (Chad). In her poem â€Å"I Died for Beauty† Emily Dickerson discusses how beauty and truth are one. The message that she gives the readers is that by being true to who you are, and dying with your values intact, you have lived a full life (Paton). When Emily Dickenson writes; â€Å"Adjusted in the Tomb When One who died for Truth, was lain In an adjoining room –â€Å" This gives sight to the reader understanding the speaker hardly had time to adjust to her tomb before a man was laid in another tomb right next to hers’. However the word â€Å"Tomb†, gives the poem an effect that makes it feel more cold, dark and even alone (Ulynie). This word is also given more emphasis on because the first letter is capitalized, even though it happens to be the last word in the line. When Dickinson writes; â€Å"He questioned softly â€Å"Why I failed†? † we can tell that the man asked the speaker why she died, she replied â€Å"†For Beauty†¦ † the reader then finds out that the man claims to have died for trust and he states that trust and beauty are the same thing, and in turn stating the they are both â€Å"Brethren†. Dickinson’s usage of term â€Å"Brethren† makes the reader suggest that their relationship is much stronger (Apran) than just an acquaintance and that they are both apart of or a m ember of this one this, which is death. However their companionship strengthens and we can now see this with the uses of the simile â€Å"And so, as Kinsmen met a Night, We talked between the Rooms,† which shows how the walls between their tombs is no obstacle for their communication. Also in the excerpt â€Å"Until the Moss had reached our lips — And covered up — our names –â€Å", which acts as an metaphor, suggests that the connection between the two are so strong that the loss of their speech and identity (symbolized by the moss covering up their names) through death, holds no barrier between them (Simran), as they are now deemed as one through their similar situations. This poem follows many of Dickinson’s typical formal patterns—the ABCB rhyme scheme, the rhythmic use of the dash to interrupt the flow helps to promote this rhythm and give way some rhymes (Chad). For example notice how some lines such as â€Å"’For Beauty’, I replied – ‘And I – for truth–†¦ † has a certain rhythm to it which is emphasized with the use of dashes. Whereas words such as â€Å"Tomb† and â€Å"Room†, â€Å"Brethren† and â€Å"Kinsmen† rhyme together and are also capitalized giving more focus to it in order to show its significance and importance. All of this adds in giving the poem its effect that even though it may seem a bit dark and gloomy there is also so a sense of acceptance and belonging.

Free Essays on Race And IQ

In a world where heroes are often in short supply, the story of Erin Brockovich is an inspirational reminder of the power of the human spirit. Her passion, tenacity and steadfast desire to fight for the rights of the underdog defied the odds. Erin Brockovich is a stirring, funny and unconventional drama based on true events, starring two-time Academy Award nominee Julia Roberts as the twice-divorced mother of three young children who sees an injustice, takes on the bad guy and wins. With no money, no job and no prospects on the horizon, Erin Brockovich (Roberts) is a woman in a tight spot. Following a car accident in which Erin is not at fault, she finds herself even worse off when her attorney fails to land her any kind of settlement. With nowhere else to turn, Erin pleads with her attorney Ed Masry (Albert Finney) to hire her at his law firm. It is there, while working, that Erin stumbles upon some medical records placed in real estate files. Confused, she begins to question the co nnection. She convinces Ed to allow her to investigate, where she discovers a cover-up involving contaminated water in a local community which is causing devastating illnesses among its residents. Although the local citizens are initially leery of becoming involved, Erin's persistence and the personal interest she takes in their lives makes them listen. A kindred spirit, Erin is one of them, and her ability to connect with them on their level makes them comfortable, ultimately earning their trust. Helping her out is her next door neighbor George (Aaron Eckhart), a Harley Davidson biker whose friendship and support allows her the time to pursue the case. Going door to door, she signs up over 600 plaintiffs, and Erin and Ed go on to receive the largest settlement ever paid in a direct-action lawsuit in U.S. history....$333 million. By triumphing over insurmountable odds, she is able to prove herself, and reinvent her life.... Free Essays on Race And IQ Free Essays on Race And IQ In a world where heroes are often in short supply, the story of Erin Brockovich is an inspirational reminder of the power of the human spirit. Her passion, tenacity and steadfast desire to fight for the rights of the underdog defied the odds. Erin Brockovich is a stirring, funny and unconventional drama based on true events, starring two-time Academy Award nominee Julia Roberts as the twice-divorced mother of three young children who sees an injustice, takes on the bad guy and wins. With no money, no job and no prospects on the horizon, Erin Brockovich (Roberts) is a woman in a tight spot. Following a car accident in which Erin is not at fault, she finds herself even worse off when her attorney fails to land her any kind of settlement. With nowhere else to turn, Erin pleads with her attorney Ed Masry (Albert Finney) to hire her at his law firm. It is there, while working, that Erin stumbles upon some medical records placed in real estate files. Confused, she begins to question the co nnection. She convinces Ed to allow her to investigate, where she discovers a cover-up involving contaminated water in a local community which is causing devastating illnesses among its residents. Although the local citizens are initially leery of becoming involved, Erin's persistence and the personal interest she takes in their lives makes them listen. A kindred spirit, Erin is one of them, and her ability to connect with them on their level makes them comfortable, ultimately earning their trust. Helping her out is her next door neighbor George (Aaron Eckhart), a Harley Davidson biker whose friendship and support allows her the time to pursue the case. Going door to door, she signs up over 600 plaintiffs, and Erin and Ed go on to receive the largest settlement ever paid in a direct-action lawsuit in U.S. history....$333 million. By triumphing over insurmountable odds, she is able to prove herself, and reinvent her life....

20th Century Literature Essay Example | Topics and Well Written Essays - 1000 words

20th Century Literature - Essay Example Humans produce their environment in a creative and beautiful way whether they are free of the yoke of physical needs or encumbered by it. They creatively prepare for their future activities and work out their production on the basis of their set priorities. Humans who are liberated from downright exploitations view their â€Å"life-activity† as an object of their own free will. Social consciousness is created through the establishment of legal and political foundations that are anchored in the human efforts to produce their social life via independently and requisitely becoming a member of a particular productive force. Relations of productions basically determine the fate of an individual’s productive growth in a specific social association. An individual has an independent or â€Å"pure† self-identity which stands apart from others. Yet, this uniqueness is shattered by the emergence of classes because of the forced dominant identity fashioned for each class; this partition between the personal and class distinctiveness is the merchandise of the bourgeoisie. In V.S. Naipaul’s â€Å"A Baker’s Story†, the protagonist who described himself as an extremely black man triumphantly composed a rag-to-riches history through hard work, perseverance, optimism, and faith. Social forces around him were unfavorable to his disposition and yet he was able to transform these societal restraints to his personal growth through experience and creative planning. He did not allow external realities to hamper his original human nature which is the drive to succeed and achieve a life that is not fettered by physical needs but instead a life that is governed by self-actualization and constructive realities. History, according to Marx, is not an independent entity but rather a documentation of human struggles to realize their objectives. Prior to his success, the baker experienced an impoverished life due to his

Contract Remoteness of Damages Essay Example | Topics and Well Written Essays - 1250 words

Contract Remoteness of Damages - Essay Example Sometimes, breach are treated immaterially when the aggrieved party may not have actually suffered actual damage from the breach or may have and at other times, the other party is compelled to indemnify and perform accordingly to the agreed terms or pay minimal damages resulting to such breach. Other fundamental breach of contract treated as a grave offense against the agreement itself results to the termination of the performance of the contract thereby entitling the party to sue for damages. In anticipation of a probable breach, a party may sue for the termination of the contract and file for damages without the actual breach taking place. Consequently, the laws that provides a remedy for any breach of contract is commonly known by lawyers as the "rule of remoteness" that is determined by the contractual agreement, even when it is not covered in its express terms. Further the law has delegated and simplified the classification under non-pecuniary and pecuniary losses with the former commonly sought as a supportive argument in respect for personal injuries and deaths. Such differences are identified in a contract to measure the nature of breach of duty which the damage meant to undo and award is reflective in the underlying obligation. Sometimes, rather than argue for the actual obligation to take particular effect, the aggrieved party is keener on pressing charges with the pure knowledge of the allocation which the law has recognized. This has concurrently resulted and thereby pushed the limit to the losses for which the other party is actually responsible within at the time of conclusion of the agreement. This will i n fact result to people placing more emphasis in contract making which has been treated on the possible losses arising from its breach than the advantages gained from its performance. Law and jurisprudence dictates that in losses arising from the breach of contract, the remoteness of damages is governed by certain doctrines that treat the losses as fair and reasonable which in Hadley v. Baxendale [1854] is justified as, "according to the usual course of things" (non-pecuniary) and "supposed to be in contemplation of both parties at the time the contract was made" (pecuniary). Non-pecuniary damages are measured by the loss of bargain, wasted expenditures; and total failure of consideration under the Civil Liability (Contribution) Act 1978. A requirement common to both, of course, is that an injury must have been sustained by the claimant himself nonetheless, differs for while it is pecuniary in actual or compensatory damages, it is, upon the other hand, non-pecuniary in the case of actual damages. The actual loss under judicial discretion is a manifestation yet an assumption to be assessed under no accepted principle but upon which answers may be based. Under the question of significance, whatever reasonably appears to have been significant to the promisor in assuming the risk(Smith, 1997), setting the price and deciding in how much effort to expend in order to perform may be up to the value of an ordinary loss that was contemplated if in fact it did not occur. Guided by the principles of "quantum meruit", express agreements and fixed in a contract shall entitle the aggrieved to claim for what is agreed in