The Fashion Industry - 1447 Words

The fashion industry; also better known as the most common yet expensive commerce that has topped the charts in necessities for centuries. Between the hundreds of fashion magazines, â€Å"Fashion Weeks† in Paris, London, New York, everywhere in between, and the countless wannabe bargain fashionistas, fashion has not only inserted itself into wealthy, decorative cities but also into the lives and environments of public schools and their students. The insertion of so called â€Å"fashion† into the public school environment can be taken either as noble or corrupt; however in this case, there is nothing spectacular about the so called â€Å"fashion† and or â€Å"self-representation† that students are claiming to be wearing in today’s society. Not only has the†¦show more content†¦Shortly after the LBUSD court case, more and more school throughout the country began to follow in the footsteps of the LBUSD, and applied school uniform policies to t heir schools. Even though many countries around the world have had the idea of unifomrs established in all types of schools for decades now, the uniform trend is still relatively new for US schools. However, many US schools have now adopted and adapted to the trend. According to the Institute of Education Sciences, in the 1999-2000 school year, only 12 percent of US public schools required students to wear uniforms, and in the 2009-2010 school year, about 19 percent of public schools had mandatory uniforms; which is a noticeable increase (Chittom). In 1996, at the height of this topic, Bill Clinton’s administration along with the Department of Education, published a â€Å"Manual on Public Uniforms†, giving those public schools that chose to stay on the traditional track to still have some sort of order to their student’s attire. With Clinton’s administrative publishing still in effect, the US currently has about â€Å"30 percent of all public schools (elementary, middle, and high schools) that require school uniforms (Chittom)† and are still

Medical Malpractice Free Essays

How do we quantify pain and suffering? This question should be answered satisfactorily before people could even attempt to debate whether or not to impose limits on recovery in medical malpractice cases. Undoubtedly, it is difficult to talk about limits on damage awards without a standardized costing system which would guide the proper authorities to come up with a fair determination of the damages done to victims of medical malpractice. Since there is no such system, the task of ascertaining the extent of damage inflicted on victims is usually left to the country’s judicial system which decides the issue on a case-to-case basis. We will write a custom essay sample on Medical Malpractice or any similar topic only for you Order Now This being the case, setting a maximum limit or a cap on the amount that could be awarded to victims would be very difficult to justify because such an act would be highly discriminatory. For instance, a cap of $200,000 would mean that claimants could not be awarded with more than said amount. The unfairness of this system would be immediately evident in a situation where two individuals suffer the loss of their upper limbs, the first victim losing one and the second suffering from the loss of both limbs. The court could award $140,000 to the first victim who loses one limb, for example, but the claim of the second victim would be limited to $200,000 despite losing both limbs. What it would amount to is that the other limb lost by the second victim would only be compensated with $60,000. In this example, the second victim is not compensated fairly for his/her loss. Setting a cap therefore discriminates against the victim who suffers more. (Hiatt, 2002) Another question worth asking is: Who stands to gain if we do limit recovery? If the first question tends to be highly contentious, this second question involves a cut-and-dried issue because the answer is rather obvious. Putting a cap on awards granted in connection with medical malpractice cases favors only the medical practitioners who commit the act to the utter detriment of the victims. In other words, setting such a cap would treat the victims unfairly and favor the perpetrators. This, too, is discrimination. Some quarters attempt to justify this act by saying that providing for a maximum limit to recovery is a way of stemming the spiraling cost of health care in the country. Opponents, however, argue that this is not only deceptive but unconstitutional as well. (Hiatt, 2002) Critics of a cap on damage awards argue that it violates the Fourteenth Amendment which provides â€Å"equal protection† to all Americans. As illustrated earlier, a cap denies â€Å"equal protection† to those victims who suffer more, because they could not claim compensation beyond what the statutory cap allows. This was cited in Jones v. State Board of Medicine where the court declared unconstitutional the 1975 Hospital-Medical Liability Act passed by Idaho because it failed to treat victims of malpractice equally. In other words under the Act, the claimants whose injuries were deemed below the cap received full compensation while those whose damages exceeded the limit were denied the opportunity to recover fully because they were not awarded full compensation. (Hiatt, 2002) Another objection voiced against putting a cap on damage awards is the fact that it violates the individual’s â€Å"right to trial by jury.† Under the law, evaluating the extent of damages is a function of a jury. In the presence of a cap, the role of the jury is limited only up to the extent of the cap – in effect, interfering with the constitutional duty of a jury. In Boyd v. Bulala, the opinion of the federal district court was that the cap of $750,000 on damage awards set by the state of Virginia â€Å"violated the right to trial by jury provided for by both federal and state constitutions.† (Hiatt, 2002) It is clear from the foregoing discussion that limiting the recovery in medical malpractice cases is very prejudicial to the interests of the victims. In the interest of fairness, every malpractice case should be deliberated on by a jury based on its own merits and the extent of damage award be assessed without the constraints of a cap. This will give every victim of medical malpractice cases the much-needed opportunity for a full recovery. Reference Hiatt, M.D. (2002). Caps on Damage Awards in Medical Malpractice Cases: Constitutional Challenges. Retrieved October 28, 2007 from http://jpands.org/hacienda/hiatt1.html       How to cite Medical Malpractice, Essay examples

Palamon capital evaluation free essay sample

Private equity firm, Palamon Capital specializes in managing, funding, and developing small to mid-sized companies into public ownership. Palamon’s strategy is to buy a controlling stake in an up and coming company for 10 – 50 million EUROS grow the business, and implement an exit strategy. As the private equity market in Europe becomes more cut- throat and competitive, Palamon Capital, a private equity company Based in the UK is looking to diversify and expand its assets from focusing solely on the UK markets to focusing on the European markets as a whole. As a part of this expansion and diversification plan, Palamon Capital expects to purchase a controlling stake in an Italian software company, TeamSystem S. p. A.. After analyzing TeamSystem S. p. A. ’s financial statements and cash flows, going fourth with the controlling investment is a great opportunity for Palamon Capital as a company in order to expand westward into Europe. We will write a custom essay sample on Palamon capital evaluation or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Not only is it a great growth opportunity, but Palamon Capital is getting great value for their money. After following all the investment procedures, Palamon Capital should proceed with the investment and pay 25. 9 million EUROS for their 51% controlling stake in TeamSystem S. p. A.. After finalizing the transaction, the current market value for TeamSystem S. p. A. will be 65. 84 million Euros, with Palamon Capitals controlling stake worth 33. 58 million Euros (shown in exhibit 1). After analyzing the financial data, and using a discounted cash flow valuation (Shown in Exhibit 2 of the Appendix) purchasing a 51% controlling stake in TeamSystem S. p. A. for 25. 9 million EUROS is a great opportunity for quick growth in this competitive market. TeamSystem S. p. A. is a very attractive investment because Palamon Capital is getting great value for their money. Palamon Capital is buying 51% of team systems for only 25. 9 million euros when that same 51% is actually worth 33. 58 million euros (shown in exhibit 3). Acquiring a controlling stake in TeamSystem S. p. A. now will allow Palamon Capital to take advantage of the discounted price that TeamSystem S. p. A is proposing. Acquiring TeamSystem S. p. A. will allow Palamon Capital to expand and diversify their assets into the western part of Europe while promising adequate returns in the near future. Palamon Capital has a very extensive process when exploring new investment opportunities, and after following the investment process step-by-step, TeamSystem S. p. A. meets all the criteria, qualifying them for a Palamon Capital investment. In order for Palamon Capital to buy a controlling stake in TeamSystem S. p. A. , Palamon Capital must accept the proposed sale of 51% for 25. 9 million EUROS. After discounting the future cash flows, finding the enterprise value, and eventually finding the value of equity as shown in exhibit 3, we can see Palamon Capital is buying TeamSystem S. p. A. at an attractive discounted rate. In any acquisition there is some uncertainty or risk, and in this takeover it is no different. Elson is worried the current management team relies on current CEO, Ranocchi too much, and has concerns about the ability of the supporting cast to deliver in a period of continued growth. Another risk is the inspections from the Italian Government. This could cause distractions and slow our growth in the near future. Last but not least Elson has concerns the company may not be able to keep up with the technological advancements which will also cause a slow in growth. In order to compensate for this risk or uncertainty, we performed a sensitivity test just in case the long term growth rates as well as the short term growth rates are incorrect and are less than expected (See Exhibit 4 for Calculations). As we can see Palamon Capital is still getting a great value for their money. This sensitivity test shows even if these rates are incorrect, it is not detrimental to Palamon Capital unless TeamSystem’s long term growth is under 4% while their short term growth in under 10%. Another way to access risk is by a comparable analysis. After completing a comparable analysis of the tier 1 large ERP players as shown in exhibit 5, you can see TeamSystem’s has a higher Equity Value to Sales ratio than one of the world’s largest ERP players, JD Edwards. This means for the size of TeamSystem and JD Edwards respectively, TeamSystem’s S. p. A has more sales. After receiving this information from the sensitivity test and the comparable analysis, our firm does not see much risk associated with this investment, and would advise to close the deal as soon as possible. Given the Discounted Cash Flow Analysis, the sensitivity test, the comparable analysis, and any other areas of uncertainty, our firm would advise Palamon Capital to follow through with the opportunity to obtain a 51% controlling stake in TeamSystem S. p. A. for 25. 9 million Euros. As shown through our calculations, Palamon Capital is making a smart and safe investment that will allow their company to diversify from the UK to the rest of Europe while sticking with their investment plan and achieving quick rapid growth.

War of 1812 USS Constitution

War of 1812 USS Constitution Shorn of the protection of the Royal Navy, the merchant marine of the young United States began to suffer attacks from North African Barbary pirates in the mid-1780s. In response, President George Washington signed the Naval Act of 1794. This authorized the building of six frigates with the restriction that construction would halt if a peace agreement was reached. Designed by Joshua Humphreys, the construction of the vessels was assigned to various ports on the East Coast. The frigate assigned to Boston was dubbed USS Constitution and was laid down at Edmund Hartts yard on November 1, 1794. Aware that the U.S. Navy would be unable to match the fleets of Britain and France, Humphreys designed his frigates to be able to overpower similar foreign ships but still be fast enough to escape larger ships of the line. Possessing a long keel and narrow beam, Constitutions framing was made of live oak and included diagonal riders which increased the hulls strength and aided in preventing hogging. Heavily planked, Constitutions hull was stronger than similar vessels of its class. Copper bolts and other hardware for the vessel were made by Paul Revere. Key Facts Nation: United StatesBuilder: Edmund Hartts Shipyard, Boston, MALaunched: October 21, 1797Maiden Voyage: July 22, 1798Fate: Museum ship at Boston, MA Specifications of the USS Constitution Ship Type: FrigateDisplacement: 2,200 tonsLength: 175 ft. (waterline)Beam: 43.5 ft.Draft: 21 ft. - 23 ft.Complement: 450Speed: 13 knots Armament 30 x 24-pdrs2 x 24-pdrs (bow chasers)20 x 32-pdr carronades USS Constitution The Quasi-War Though a peace settlement was reached with Algiers in 1796, Washington permitted the three ships nearest completion to be finished. As one of the three, Constitution was launched, with some difficulty, on October 21, 1797. Completed the following year, the frigate readied for service under the command of Captain Samuel Nicholson. Though rated at forty-four guns, Constitution typically mounted around fifty. Putting to sea on July 22, 1798, Constitution began patrols to protect American commerce during the Quasi-War with France. Operating on the East Coast and in the Caribbean, Constitution conducted escort duty and patrolled for French privateers and warships. The highlight of its Quasi-War service came on May 11, 1799 when Constitutions sailors and marines, led by Lieutenant Isaac Hull, seized the French privateer Sandwich near Puerto Plata, Santo Domingo. Continuing its patrols after the conflict ended in 1800, Constitution returned to Boston two years later and was placed in ordinary. This proved brief as the frigate was re-commissioned for service in the First Barbary War in May 1803. USS Constitution and the First Barbary War Commanded by Captain Edward Preble, Constitution arrived at Gibraltar on September 12 and was joined by additional American ships. Crossing to Tangier, Preble exacted a peace treaty before departing on October 14. Overseeing American efforts against the Barbary states, Preble began a blockade of Tripoli and worked to free the crew of USS Philadelphia (36 guns) which had run aground in the harbor on October 31. Unwilling to allow the Tripolitans to keep Philadelphia, Preble dispatched Lieutenant Stephen Decatur on a daring mission which destroyed the frigate on February 16, 1804. Through the summer, Preble mounted attacks against Tripoli with small gunboats and used his frigates to provide fire support. In September, Preble was replaced in overall command by Commodore Samuel Barron. Two months later, he turned command of Constitution over to Captain John Rodgers. Following the American victory at the Battle of Derna in May 1805, a peace treaty with Tripoli was signed aboard Constitution on June 3. The American squadron then moved to Tunis where a similar agreement was obtained. With peace in the region, Constitution remained in the Mediterranean until returning in late 1807. USS Constitution  and the War of 1812 During the winter of 1808, Rodgers supervised a major overhaul of the ship until passing command to Hull, now a captain, in June 1810. After a cruise to Europe in 1811-1812, Constitution was in the Chesapeake Bay when news arrived that the War of 1812 had begun. Departing the bay, Hull sailed north with the goal of joining a squadron that Rodgers was assembling. While off the coast of New Jersey, Constitution was spotted by a group of British warships. Pursued for over two days in light winds, Hull used a variety of tactics, including kedge anchors, to escape. Arriving at Boston, Constitution quickly resupplied before sailing on August 2. Moving northeast, Hull captured three British merchantmen and learned that a British frigate was sailing to the south. Moving to intercept, Constitution encountered HMS Guerriere (38) on August 19. In a sharp fight, Constitution dismasted its opponent and forced it to surrender. During the battle, several of Guerrieres cannon balls were seen to bounce off Constitutions thick sides leading it to earn the nickname Old Ironsides. Returning to port, Hull and his crew were hailed as heroes. On September 8, Captain William Bainbridge took command and Constitution returned to sea. Sailing south with the sloop of war USS Hornet, Bainbridge blockaded the corvette HMS Bonne Citoyenne (20) at Salvador, Brazil. Leaving Hornet to watch the port, he maneuvered offshore seeking prizes. On December 29, Constitution spotted the frigate HMS Java (38). Engaging, Bainbridge captured the British ship after causing its foremast to collapse. Needing repairs, Bainbridge returned to Boston, arriving in February 1813. Requiring an overhaul, Constitution entered the yard and work began under the guidance of Captain Charles Stewart. Sailing for the Caribbean on December 31, Stewart captured five British merchant ships and HMS Pictou (14) before being forced back to port due to issues with the main mast. Pursued north, he ran into Marblehead harbor before slipping down the coast to Boston. Blockaded at Boston until December 1814, Constitution next steered for Bermuda and then Europe. On February 20, 1815, Stewart engaged and captured the sloops of war HMS Cyane (22) and HMS Levant (20). Arriving in Brazil in April, Stewart learned of the wars end and returned to New York. Later Career of the USS Constitution With the end of the war, Constitution was laid up at Boston. Re-commissioned in 1820, it served in the Mediterranean Squadron until 1828. Two years later, an erroneous rumor that the U.S. Navy intended to scrap the ship led to public outrage and caused Oliver Wendell Holmes to pen the poem Old Ironsides. Repeatedly overhauled, Constitution saw service in the Mediterranean and Pacific during the 1830s before embarking on an around the world cruise in 1844-1846. Following a return to the Mediterranean in 1847, Constitution served as flagship of the U.S. African Squadron from 1852 to 1855. Arriving home, the frigate became a training ship at the U.S. Naval Academy from 1860 to 1871 when it was replaced by USS Constellation (22). In 1878-1879, Constitution carried exhibits to Europe for display at the Paris Exposition. Returning, it ultimately was made a receiving ship at Portsmouth, NH. In 1900, the first efforts were made to restore the ship and seven years later it opened for tours. Heavily restored in the early 1920s, Constitution embarked on a national tour in 1931-1934. Further restored several times during the 20th century, Constitution is currently docked at Charlestown, MA as a museum ship. USS Constitution is the oldest commissioned warship in the U.S. Navy.

Loanwords and Calques

Loanwords and Calques Loanwords and Calques Loanwords and Calques By Maeve Maddox A loanword comes more or less as is from one language to another. English abounds in them. For example: Latin: agenda, index, memorandum German: angst, blitz, bratwurst French: accident, chef, fierce Italian: concerto, pizza, scenario Japanese: bonsai, haiku, karaoke A calque [kÄÆ'lk] is an expression borrowed by way of literal translation from one language into another. For example: blue-blood: noble birth from Spanish sangre azul. The veins of the pure-blooded Spanish aristocrat, whose ancestry contained no Moorish admixture, were believed to be bluer than those of mixed ancestry (Brewers Dictionary of Phrase and Fable). Devils advocate: one who advocates the opposing side from Latin advocatus diaboli). From the Roman Catholic canonization process in which reasons against canonization are presented by a designated devils advocate. flea market, a place selling secondhand goods, from French marchà © aux puces. Perhaps from the idea that old clothing may contain fleas. gospel, the teachings of the Christian New Testament. The literal meaning of the Old English word godspel was good news, a literal translation of Latin bona adnuntiatio, a translation of Gk. euangelion, reward for bringing good news. masterpiece: A work of outstanding artistry or skill from Dutch meesterstuk, the work that proved that a craftsman was ready to be a master of his craft. German has Meisterstà ¼ck. wisdom tooth: The hindmost molar tooth on each side of both upper and lower jaws in man, usually ‘cut’ about the age of twenty from Latin dentes sapientià ¦, from Greek sophronisteres, from sophron prudent, self-controlled. Hippocrates called them that because wisdom teeth usually appear at adulthood (17-25 years). Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:7 Types of Narrative Conflict45 Synonyms for â€Å"Old† and â€Å"Old-Fashioned†20 Criminal Terms You Should Know

CHALLENGES FACING INCLUSION OF SUSTAINABILITY IN SCHOOLS PPP PROJECTS Coursework

CHALLENGES FACING INCLUSION OF SUSTAINABILITY IN SCHOOLS PPP PROJECTS - Coursework Example Generally, the partnerships can range from dealing with climate change, infrastructure & social projects, health, corporate social responsibility, disaster relief/humanitarian aid, and environmental protection1. Thus the common theme that emerges regarding public-private partnership (PPP) projects are government or private ventures that are primarily operated and funded through a partnership between the government and private sector companies. How can these projects incorporate the sustainability criteria’s and to look at this we need to understand the ethos and concept of sustainability in its entirety. The term â€Å"sustainability† is widely used to refer to the capacity or ability of a system/ project to sustain its operations, benefits and services in the long term without compromising the needs of future generations. However, many different definitions have been advanced by various authors and researchers. While many authors have sought to define sustainability in relation to the capacity and ability of a system/ project to sustain itself or endure its operations, benefits and services during its projected life, others have defined it in relation to policy making. For example, in their definitions of sustainability, Barton (2000) and Du Plessis (2000), particularly focuses on the interaction of the economic, environmental and social aspects to achieve sustainable systems or projects. The Brundtland Commission of the United Nations, in its 1987 report titled â€Å"Our Common Future†, defines sustainability as the ability of a system to meet the needs of the present without compromising the capacity of the future generations to meet their own needs and goals2 (United Nations, 1987). Many experts believe this definition meets most of the diverse aspects of sustainability in its applications (Adams, 2002, Dale,

Chapter 21 Question 3 Essay Example | Topics and Well Written Essays - 1250 words

Chapter 21 Question 3 - Essay Example Because of this reason the cost of capital starts first to decline to a point where it achieved an optimal mix of debt and equity. If a firm uses too much debt financing, its overall risk profile start to increase. With more debt, the cash flows of the firm started to get strained because of the high proportion of them going for debt servicing. This reduces the free cash flow available to the firm which is one of the essential indicators of the value. It is because of this reason that the required rate of return on equity capital of the firm starts to rise thus increasing the overall cost of capital of the firm. It is also important to note that with more financing availed; shareholders tend to view the company with more skepticism as high amounts of debts indicate high risk because it may be perceived that the company’s operations may not have the capability to generate cash. Due to this perception, investors, who may be willing to invest into stock of the firm, start demanding high rate of return on equity capital. This, therefore, increases the total cost of