Theu.s. D. Massachusetts - 814 Words

Everyone is impacted by the public policy-making, whether it’s federal, state, and local because the results of the decision-making have a major effect of our economic welfare. At the federal level (Executives) interacts with the Congress to get their policy proposal placed on the congressional agenda. At the state level they have their own agenda priorities, and these priorities will affect how states act in the federal system, attempting to influence the federal agenda in pursuit of state-level goals. The emerging literature about states’ impacts on internal and external agendas demonstrates the importance of challenging accepted views of the interactions between federal levels. This process relates to the policy stream as it relates to the text, where policy players, either inside or outside the government, would like to secure action. For instant, in the health care area, Senator Ted Kennedy (D. Massachusetts) was active in getting health care reform on the cong ressional agenda. At the local level they interact with the governor to get their program on the agenda. The Governor interacts with Congress, since all legislation goes through Congress for action. No matter what level of the government, federal, state, or local, they all share the same outcome, and that is, having their program placed on the agenda for action. vii. Does the article fit into an existing theoretical framework? In other words, what theory (ies) does the article address that was discussed

Pablo Picasso and Cubic Art Essay - 1621 Words

Hindu believes women are creator, caretaker, destroyer and a lover. Such beliefs are common in both eastern culture and western tradition that can be seen represented in different canvases of many famous artists. From renaissance Michelangelo Angelo to abstract Pablo Picasso, artists have always painted women in different circles of life explaining different paradox of emotional feelings, spiritual beliefs, and physical representations. Explaining such themes in balanced form and in limited canvases was not possible without abstract thinking and imaginative hard work. Such trend in art can be seen in artwork of different famous artists, which they created as per their thoughts and desire broadening meaning of visual arts pouring the spices†¦show more content†¦Cubism brought a lots controversy and appraisals in the art history. Since it is introduced at the time of Einsteins theory of relativity, cubism is often called as theory of relativity in art, which Einstein denies an d says, This new artistic `language has nothing in common with the theory of Relativity.(Cassidy) The painting Girl before the Mirror was drawn in the principle of cubism that describes the different moods and faiths of a woman. The painting is in unity with colors and expressions as well as in variety with angles of viewer. Some part of the image reveals the secret desire of a women as well as her nature given biological quality, while other amazingly explains the Vanity of a person in an asymmetrical balanced form. The right half section of the painting is slightly lower than the left half and more complexity and diversity is given to the right half in an asymmetrical principle. Despite these facts and changes in different fraction of the reflection of the girl, the painting is in accordance with the proportionality scale. The middle of the image drawn between oval mirror and the girl act like a barrier between a womans desire and her limitations portraying woman as lover, and the face painted in pale white, and dark yellow color used for the head describes the power of a woman sometime called as the energy circles. The belly between the reflection in the oval mirror and the girlShow MoreRelatedPablo Picasso Cubism Essay1071 Words   |  5 PagesCRITICAL ANALYSIS TASK YEAR 10 MAJOR CRITICAL ANALYSIS TASK CRITICAL TASK ANALYSIS Step 1: Description Pablo Picasso is a widely acknowledged Spanish artist in the twentieth century. He was born in Malaga, Spain in 1881.Cubism was the first style of abstract art which evolved at the beginning of the 20th century in response to a world that was changing with unprecedented speed. In 1909, Picasso used cubism influenced by Paul Cezanne created an artwork called â€Å"The Factory at Horta de Ebro†. The paintingRead MoreReview Of George Braque s The Artist Who Painted Their Artwork 1930 Words   |  8 PagesClarissa Kirsch-Downs Dr. Conaty ARTH 150 8 December 2015 Cubism In art history 150, we are learning about different artworks and the strategies of the artist who painted their artwork. I selected my artwork because of the funky style and mystery behind the painting itself. It’s very unordinary and makes one think about what it could possibly be but after analyzing and understanding the title, then one can determine what the artwork is. My response to it was, ‘I have to write about this artwork’

Pop Art Free Essays

Beginning from England in mid asses and from USA in asses. Instead of traditional objects turning to art elements, Pop art were considered along with the spreading out of marketing corporations, concentrating on everyday objects through the application of technical trade. Meanwhile, it was in the tense period of societies across the globe, colonial issues, democratic struggle and liberation, race relations, women’s rights, etc. We will write a custom essay sample on Pop Art or any similar topic only for you Order Now Rated some challenges among college students and intellectuals, required to reassess the values of life. Artists selected images through popular trends, such as movies, comics, advertisements, especially on the medias. By using what was called â€Å"flashy† as a basis of art. Therefore, at some points some works of Pop artists were exalted to distinguish between â€Å"Intellectuals† and â€Å"low- educated† In art aspect. The essential meaning behind Pop Art Is created an Immediately deliverable sense to every class In society, It oppositely different from the esoteric oil paintings assessed and admired by art experts. To instantaneously achieve the goals, Pop Art artists experienced with some new commercial methods, such as painting, acrylic, collage on canvas by using conventional materials and silkscreen printing. In addition, the high quality of work is immediately recognized on the media or largely in popularity, such as consumer goods, advertising graphics, magazines, television, films, animation, comics. The subjects were presented with high contrast, intuition and attraction In public. Many Pop-art artists continued the traditional Idea of â€Å"art Ideation†. They highly put the Influential of their works more than concerning bout how to create them, As long as the popularity still approves Elvis, Marilyn Monroe, and other famous celebrities, as well as food labels, international brands, etc. They are become the main object of Pop Art. Pop Art is considered as a tool entering the world of painting art and sculpture to most of conventional people. For them, it is something they can immediately recognize and evaluate a work of art. They can like it or do not, but it does not make them have to worried about not seeing the beauty of a work that someone supposed a masterpiece of art. Pop Art seeks the reflection of social valuation and context where it was born. Therefore, pop artist focuses on the everyday concerns: foods, cars, money and sex. As the result, they need to use lost of daily images or sarcasms having strong visual Impacts. If criticized for related problems from themselves, they simply said that â€Å"holding the mirror up to nature – Reflecting the fact. Initially Pop Art course received scorn words from art critics. Example, Harold Rosenberg, an influential critic in the field of contemporary art has been described as hat art should care, that is coming from what is in the society where it was born, and the most important thing in Pop Art is it continues to remain one of the most popular styles of art. If the value of art is Judged by the price of the famous paintings, so the painting â€Å"False Start† (1959) by Jasper Johns was sold in 2006 for $ 80 million, is became one of the most 10 expensive paintings in history. The most important artist of Pop Art in the half of the twentieth century probably is Andy Warhol. He was successful in both of fields of magazine and ad illustrator. He also created hundreds of art forms including performance art, flimflamming, writing, etc. In 1960, Andy Warhol had decided to stir in the art’s world, He debuted the concept of painting that focused in mass produced commercial goals. Warhol began with Coke bottles and comic strips. Later that year, a friend suggested Warhol paint something that was so common, perhaps something like money and a can of soup, So he decided to paint cans of Campbell Soup. There were many flavors of Campbell Soup at that time. Warhol bought all the different kinds. Then he spent hours copying he cans on a white background. He painted the cans several time, each can was slightly different from the next. He displayed his canvases of Campbell soup, one canvas for each of the 32 types. He sold all the paintings as a set for a $1000, bringing both Warhol and Pop Art into the worldwide spotlight. But in July 1962, Warhol found the process of silk screening that could help him make his paintings faster on canvas. This technique allowing one silk-screen to create similar patterns several times, because of uses a specially prepared section of silk as stencil, and Warhol would use this style for the rest of his life. He started making paintings of celebrities straightaway, most significantly a large collection of paintings of Marilyn Monroe. Like everyone else in America, Warhol was fascinated by movie starts like Marilyn Monroe, who died from an overdose of sleeping pills. Specially upon hearing she passing, Andy Warhol decided to construct a work of art aim to dedication to her. The image he uses of Monroe is a publicity photograph from the movie Niagara. The diptych style is taken form the Byzantine icons of Christian saints. Warhol was placed 50 images all the same of the actress, in grid of 5 rows and 10 columns. The 25 images on the left side of the artwork are all in impressive color. On the other hand, the 25 images on the right side are all in black and white, with some of the images being blurring and the actress’s face barely seen, show the obviously contrast to the bright color of the left side. The strip of pictures in this work suggests the sequential images of film, the medium that made Monroe famous and the process of changing from color to black and white to almost nothing is meant to illustrate her fife and then finally to her death, as the star’s demise. How to cite Pop Art, Papers

International Finance Applied Financial Economics

Question: LA Limited is a US firm and expects to receive S$800,000 in one year. The existing spot rate of the Singapore dollar is US$0.74. The one-year forward rate of the Singapore dollar is US$0.76. LA Limited created a probability distribution for the future spot rate in one year as follows: Future Spot Rate Probability US$0.75 20% US$0.77 50 US$0.81 30 Assume that one-year put options on Singapore dollars are available, with an exercise price of US$0.77 and a premium of US$0.04 per unit. One-year call options on Singapore dollars are available with an exercise price of US$0.74 and a premium of U$0.03 per unit. Assume the following money market rates: U.S. Singapore Deposit rate 9% 6% Borrowing rate 10% 7% Given this information, determine whether a forward hedge, money market hedge, or a currency options hedge would be most appropriate. Then compare the most appropriate hedge to an unhedged strategy, and decide whether LA Limited should hedge its receivables position. Required: a. Calculate the forward contract hedge. (5 marks) b. Calculate the money market hedge. (5 marks) c. Calculate the option hedge. (5 marks) d. Briefly discuss the optimal hedge against the no hedge position of the company. e. Discuss whether the multi-national corporation (MNC) like LA Limited will risk be over-hedged its position to the extent affect the companys financial position. Answer: LA Ltd. Has Singapore $8,00,000 receivable in one year. So, under the forward contract hedge, it is afraid of Dollars($) falling. So, in order to hedge against the same, LA Ltd. Should enter into a forward contract by selling the $8,00,000 which it will receive after a year at 1 month forward $/Singapore $ rates. So, under this alternative, LA Ltd. Shall sell $8,00,000, 1 month forward and thereby get $8,00,000* 0.76 = US $ 6,08,000 at the end of 1 month. Under the money market hedge, LA Ltd. Shall follow the following steps: Borrow the Present value of Singapore $8,00,000 @ 7%per annum, implying 0.5833% for 1 month. So, borrow 8,00,000/ 1.005833 = Singapore $ 7,95,360 (approx) Sell Singapore $ 7,95,360 spot @ 0.74, getting 7,95,360* 0.74 = US $ 5,88,567 Invest US $ 5,88,567 @ 9% per annum, i.e., 0.75 % for 1 month. So, US $ inflow after 1 month = 5,88,567 * 1.0075 = US $ 5,92,981.25. LA Ltd. Has Singapore $ 8,00,000 receivable, i.e., it has foreign currency receivable. Hence, it is afraid of foreign currency, i.e. Singapore $ falling. 1 month futures U.S $ rate = (0.75* 0.2) + (0.77* 0.5) + (0.81* .30) = US $ 0.778 Here, the exercise price for the put option is US $ 0.77 with a premium of US $ 0.04, net US $ 0.73. Since the exercise price is less than the 1 month futures rate, therefore the put lapses. Yet, inflow from exercising the put option = 8,00,000* 0.73 = US $5,84,000. From the above calculations in a), (b) and (c), we find that the most optimal hedge shall be that of the forward contract hedge, since the US $ inflow after a month is the highest in this alternative. In case of no hedge position, LA Ltd. Will receive $ 8,00,000 * spot rate after a month, i.e., $ 8,00,000* 0.078 = $ 6,24,000 as compared with $ 6,08,000 under the forward cover. So, the no hedge option is a better alternative than any of the alternatives given. Large Multi- national corporations (MNCs) can manage their risk exposure by operational or financial hedging. Hedging is required because of certain unexpected changes in the foreign exchange rates and the foreign currency demand conditions. If the quantity of foreign currency inflow or outflow is certain, then, it is much easier to hedge the exchange risk exposure associated with it by using a forward contract. This eliminates the associated transaction exposure completely with a relatively simple financial hedge. However, fluctuating foreign currency cash flow represents an additional source of uncertainty for many multinationals. For certain products, demand conditions can swing dramatically from year to year, inducing large changes in foreign currency revenues. However, if the foreign currency flow is uncertain, hedging is not possible. Mello, Parsons, and Triantis (1995) consider the design of an optimal financial hedging policy for a multinational with production flexibility. Financial hedging helps alleviate the agency problem associated with the firms outstanding debt and moves equity owners to closer to the first best operating policy. Firms that utilize financial hedges must indeed determine the correct instruments and implementation that are most effective for their environment. In other words, just because a straddle strategy with foreign exchange options is successful for other firms, it does not necessarily mean that that type of hedge will be successful for all firms. Industry type, exposure, business structure, etc. must be taken into account when choosing a hedging strategy. To mitigate the impact of exchange-rate fluctuations, it has been claimed that multinational corporations can employ risk-management strategies not only through financial derivatives, but also through operational hedges. MNCs operate in a large number of foreign countries; the currencies of these countries generally do not move in the same direction at the same time. Most international companies have a financial strategy that works as a guideline and regulates the mandate regarding risk management. One major financial risk for multinational companies is the foreign exchange rate risk, which occurs when performing international transactions. The risk of currency fluctuations can be reduced and stabilized by hedging (Allayannis Weston 2001). Financial derivatives such as options, forward and swap contracts are the most financial instruments used for hedging (Black et al. 2008). Derivatives are not only used for hedging purposes; they can also be used in a speculative purpose in form o f proprietary trading. This is a way for companies to earn additional return outside their core business (Hagelin 2003). It is very crucial to determine how MNCs use financial hedge strategies, and their overall effects on firm value. It should further be noted that all of the MNCs studied do utilize some type of hedge strategies, but may not necessarily utilizing financial hedging. MNCs who utilize various financial hedges must indeed determine the correct instruments and implementation that are most effective for their environment. In other words, just because a straddle strategy with foreign exchange options is successful for an IT firm, it does not necessarily mean that that type of hedge will be successful for all IT firms. Industry type, exposure, business structure, etc. must be taken into account when choosing a hedging strategy. Although there has been no prescriptive hedge strategy for MNCs, research conducted by Yin Han (2011) suggests that the use of forward contracts i n hedge strategies will outperform the use of currency options. However, there is obviously no preferred method of hedge strategy among MNCs. The supporting evidence shows that different instruments are preferential in different economic environments. In summary, each and every MNC that engages in hedge strategies to mitigate risk must identify what the exposures are, what potential costs that exposure could inflict, and how to implement a hedge strategy that most effectively deals with that exposure. List of References Hagelin N. (2003). Why firms hedge with currency derivatives: an examination of transaction and translation exposure, Applied Financial Economics, 13(1):55-58. Allayannis, G. Ofek, E. (2001). Exchange rate exposure, hedging, and the use of foreign currency derivatives, Journal of International Money and Finance, 20 (2): 273296 Allayannis, G. Weston, J. (2001). The use of foreign Currency Derivatives and firm market value, Review of Financial Studies, 4(3):243-256. Yin, L., Han, L. (2011). Forward or Options? Currency Risk Hedging for International Portfolios via Stochastic Programming. International Research Journal of Finance and Economics, (72), 84-99 Hagelin, N., Pramborg, B. (2004). Hedging Foreign Exchange Exposure: Risk Reduction from Transaction and Translation Hedging. Journal of Financial Management and Accounting, 15(1), 1-20. Dufey, Gunter and Srinivasulu, S. N. (1983) The case for corporate management of foreign exchange risk, Financial Management 5462. Mello, Antonio S., Parsons, John E., and Triantis, Alexander (1995) An integrated model of multinational flexibility and financial hedging, International Economic Review 39, 2751. Aliber, Robert Z. (1978) Exchange Risk and Corporate International Finance, Halsted Press, New York.

Theories of Art

Problems facing music press. essays

Problems facing music press. essays Discuss the Problems Facing the Specialist Music Press and Suggest how the Format could develop in the Future The Specialist Music Press was first started to provide a variety of information relevant to different areas of the music industry to young people who had developed a particular interest in music. Before this point there was nowhere for music lovers to read about their favourite artists and information could only be found on the radio. The Specialist Music Press grew in popularity as wider ranges of magazines focusing on specialised areas of the industry were developed and this popularity has been recognised by a number of other format magazines. Lifestyle magazines such as FHM and Cosmopolitan now incorporate sections on music, film, books, and in some magazines, computer games. The addition of these features to the already extremely popular Lifestyle genre has created devastating competition to the Specialist Music magazine as readers of the Lifestyle magazines no longer need to buy separate supplemental magazines for each of their interests to find out up to date information. Specialist Music magazines were often purchased in addition to a lifestyle or similar magazine but the introduction of music features into the Lifestyle genre has meant that, unless a reader requires more detailed information, or unless an issue of a Music magazine contains a feature on a favourite band, there is less need for readers to purchase a Music magazine as well as a Lifestyle magazine. The reduction in sales has already had a noticeable effect on the Specialist Music Press resulting in the conclusion of the magazine Melody Maker and the incorporation of its staff into NME magazine as the magazines had a very similar content and style, the reducing readership was no longer great enough to allow for the continuation of both magazines. This is an example of the potential fate of a growing number of music magazi...

Anabolic Steroids Essay Example | Topics and Well Written Essays - 1250 words

Anabolic Steroids - Essay Example While some athletes like Michael Johnson, a sprinter who won a couple of gold medals at the 1996 Atlanta Olympics, love pressure and enjoy it, others like Martina Novratilova, a Wimbledon champion find it difficult to handle pressure (The Creative Athelete, n.d.). Pressure arises because of the desire to win, to meet the expectations of the spectators and sponsors and also to remain in sports. It is because of the pressure to perform that some sportsmen resort to other methods of building their strength and endurance, mainly drugs. The most commonly used drugs in sports are erthropoietin and anabolic steroids. Drug associations all over the world have banned these drugs and intake of these drugs in any form amounts to cheating. These drugs can be detected easily by various modern tests. This article gives a crisp purview about anabolic steroids. Young athletes who aspire to become great heroes must know about the disadvantages of these drugs so that they dont take the easier route to success. Anabolic steroids are a class of synthetic steroid hormones that are related to testosterone. When administered into the body, they cause many physiological effects which are mainly anabolic in nature. The effects include increased synthesis of protein and increased appetite. Increased protein synthesis results in increased muscle mass and strength and increased bone growth. Anabolic steroids also have virilising androgenic properties and thus can cause increase in masculine features like growth of vocal cords and body hair. It is for these reasons that these drugs are popularly known as anabolic-androgenic steroids or AAS. Due to the muscle building properties of these drugs, there is a tendency for sportsmen and body builders to take them. Worldwide, most of the sports bodies have banned the usage of these drugs and intake of these hormones is considered illegal and called doping. Medically, anabolic steroids have an important role in the treatment of osteoporosis,

Auditor scepticism is an increasing concern for the profession and Essay

Auditor scepticism is an increasing concern for the profession and stakeholders of UK Companies - Essay Example Despite of that, some companies still comes up with unreal data and manages to evade tax. According to reports, the major reason behind this phenomenon is the reduced scepticism level among the auditors. In UK, due to reduced scepticism among the auditors, stakeholders are finding it difficult to make proper decision pertaining to investment. As before investing, it is essential for the stakeholders to have confidence in the companies where they are investing. Therefore to get deep insights about the issue, the report will emphasize on how auditor scepticism is becoming a cause of concern for the stakeholders of the companies based on UK. In addition the report will also cover the areas associated with auditor scepticism. Finally based on the findings of the study, a conclusion will be drawn and recommendations regarding how auditor’s scepticism can be improved will be made. Auditor scepticism can be defined as the level of cynicism that an auditor needs to employ while conducting an audit. The notion became prominent in recent times when issues such as banking crisis came in the limelight. The regulatory authorities have raised question on the auditing firms on whether they demonstrated the level of scepticism needed to carry out an audit (Kan, 2007). Similarly in UK, the stakeholders of the companies are getting increasingly concerned about the low level of scepticism among the auditors. In addition to this, the auditing profession is also getting negatively impacted. According to auditing standards (ISA 200) professional scepticism is defined as an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence (PCAOB, 2010). Based on this definition, it can be identified that scepticism has high influence on the scope of the work. In addit ion, it also help the auditor’s to analyse the findings of audit thereby concluding whether appropriate evidences has been acquired for proving whether accounts are depicting true and fair view. There is a belief about the fact that a sceptical mind set and attitude is essential for an audit to be rigorous and carried out with a professional care. Scepticism is also important as it plays a crucial role in enhancing the efficiency and effectiveness of an audit. On the other hand too much scepticism negatively impacts the audit process. Hence a right balance of scepticism is necessary for an audit. However there is no predefined or standard degree of scepticism required to put into practice (Financial Reporting Council, 2010). The principal objective an audit is to enable that the auditors provide an outlook on the financial statements. The purpose is also to provide reasonable declaration that the

Coursework Assignment Example | Topics and Well Written Essays - 1250 words

Coursework - Assignment Example Starting April 2016, the 3% supplement for diesel cars will be scrapped (Deloitte, 2012). The other important adjustments that have been made include exclusion of certain security enhancement, which will not be considered henceforth, as accessories when estimating the benefit’s corresponding to the cash value in respect to company cars used for private purpose. These adjustments will be put into force from 6 April 2011 and will be applied retrospectively. Private fuel benefit The benefit’s cash equivalent in respect to free fuel offered to employees will increase because the multiplier used to estimate them will be increased from ?18,800 to ?20,200, a change that took effect from April 2012. Furthermore, this multiplier will further increase by 2 percent above the inflation rate, taking effect from 2013 up to 2014. Capital allowances and lease rental restriction There shall be an extension (up to April 2015) of the time through which 100 percent of capital allowances fo r the initial year are allowed on car expenses. Nonetheless, starting April 2013, the emissions measurement will drop off from 110g/km to 95g/km; in addition, this measurement will be incorporated into the main pool and charged 18 percent per annum instead of 8 percent special rate pool, which will drop off from 160g/km to 130g/km. In this regards, tax relief extended to employers will be pegged on the lease rentals for cars whose emission exceeds 130 g/km (limited at 15%) (Deloitte, 2012). Vehicle Excise Duty (VED) The VED increase was aligned with the Retail Prices Index (RPI) as of April 2012. However, the Government expressed interest in repealing the calculation of VED over the medium term based on the views gathered from motoring groups (Deloitte, 2012). QUESTION TWO Petrol driven 5 door hatchback, with CO2 emissions of 139g/km Employee benefit from car = ?18,000* 85/100*40/100*18/100 = ?1,101.60 Since the employee is provided with fuel for private use of the company car, this benefit will be taxed. The value to be taxed is pegged on the engine’s fuel efficiency. The percentage charge for this benefit is the same as for the car benefit and, therefore, it will be calculated as follows: . ?20,200*40/100*18/100 = ?1,454.4 The total cost to the manager is ?1,101.60 +?1,454.4 = ?2,556 Although the fuel benefits have attracted some tax, I would urge the manager accept petrol for private motoring, which is provided by his employer because this will lead to some other benefits. These benefits, which are not additionally taxed include insurance, repairs, maintenance and servicing, Membership of a motoring organization, and road tax. Ideally, the cash value of these benefits is more than the car tax paid due to the fuel used for private purpose. As such, the employee will get at least ?600 per annum depending on the reliability of the vehicle. However, if the manager is sure that refusing to take the fueling benefit will not lead to insurance increases, the n they can as well opt to do away with the benefit. Cost to the employer Capital allowances Twenty per cent is claimed on the written-down cost every year; therefore, the following capital allowances will be claimed for the year ending 31st March 2013: The car does not fall under low-emission category since it exceeds 110g/km of CO2 and, therefore, the 110 per cent deduction for the first

Plastics Recycling Business Plan

Plastics Recycling Business Plan Executive Summary Recently, the growing utilization of plastics are specifically used domestic purpose and produced from industrial and consumer applications and need Students Paper: and need to combined with increased consumer awareness surrounding solid waste recycling, has led to an increased demand for recycled plastic resins and products for our general consumer applications, combined with increased consumer awareness surrounding solid waste recycling, has led to an increased demand for recycled plastic resins and products. One of our general purposes. One of the quickest increasing Students Paper: quickest increasing types of collected plastic materials for recycling is polyethylene terephthalate (PET) from post-consumer beverage and water bottles. Replay Plastics will capitalize on the opportunities in the recycled resin and packaging markets through two main divisions: a Recycling Division and a Packaging Division. The Company will create a PET cleaning and refining plant where located fastest growing types of collected plastic materials for recycling is polyethylene terephthalate (PET) from post-consumer beverage and water bottles. Replay Plastics will capitalize on the opportunities in the recycled resin and packaging markets through two main divisions: a Recycling Division and a Packaging Division. The Company will create a PET cleaning and refining plant located in where Students Paper: plant where located in the western United States (all 16 major North American PET recycling plants are currently located in the eastern United States or Canada). To be and refining plant located in the western United States (all 16 major North American PET recycling plants are currently located in the eastern United States or Canada). Its initial ). To be honest, Students Paper: be honest, Its initial capacity will be 46 million pounds, and it will utilize post-consumer bottle feed stock presently collected in California, Oregon and Washington States, which collect over 200 million pounds per year. The Company will be vertically integrated and utilize almost all of its recycled material in its Packaging Division and any surplus materials (clean flake) produced will be sold to outside companies. The extruded sheet may then be sold to manufacturers who will thermoform it into high-visibility packaging or use it in other high value added manufacturing operations. The strapping will be sold to companies who ship large packages or pallets, such as the lumber milling industry. The Company currently has commitments available from customers to purchase the entire product or Canada). Its initial capacity will be 46 million pounds, and it will utilize post-consumer bottle feed stock presently collected in California, Oregon and Washington States, which collect over 200 million pounds per year. The Company will be vertically integrated, and use almost all of its recycled material in its Packaging Division. Any surplus materials (clean flake) produced will be sold to outside companies. The extruded sheet may then be sold to manufacturers, who will thermoform it into high-visibility packaging or use it in other high value added manufacturing operations. The strapping will be sold to companies who ship large packages or pallets, such as the lumber milling industry. The Company currently has commitments available from customers to purchase all of the product produced entire product produced. MANAGEMENT Ben Braddock, President who has experienced since 30-years of history and related with Students Paper: related with encompassing all aspects of Polymer Raw Material, Plastic Conversion Methods, and Venture Development. Moreover, he of experience encompassing all aspects of Polymer Raw Material, Plastic Conversion Methods, and Venture Development. He has . Moreover, he has founded great Students Paper: founded great ventures in the plastic converting industry, and assisted in the launch of five plastic converting manufacturing plants. In his personal founded successful ventures in the plastic converting industry, and assisted in the launch of five plastic converting manufacturing plants. Sam McGuire his personal life, Students Paper: personal life, Sam McGuire, Executive VP and COO, is a graduate Engineer with almost over manufacturing plants. Sam McGuire, Executive VP and COO, is a graduate Engineer with over 20 almost Students Paper: with almost over 20 years experience in the post-consumer plastics recycling industry and is the inventor of the primary cleaning refining technology used in the process for this project. He has received a patent for his technology and has been directly involved in over twenty-five major post consumer plastics recycling projects. Carl R. Smith, CFO, has over 30 years investment and merchant banking and management experience. He has assisted in raising over $500 million and served as board member and/or officer in over 40 public and private companies. FINANCIAL SUMMARY Moreover, after Engineer with over 20 years experience in the post-consumer plastics recycling industry and is the inventor of the primary cleaning refining technology used in the process for this project. He has received a patent for his technology and has been directly involved in over twenty-five major post consumer plastics recycling projects. Carl R. Smith, CFO, has over 30 years investment and merchant banking and management experience. He has assisted in raising over $500 million and served as board member and/or officer in over 40 public and private companies. FINANCIAL SUMMARY After a Moreover, after a four month grow- Students Paper: month grow-up period to build the recycling and packaging facilities, buy equipment, and incorporate the business, Replay Plastics will begin a quick turnaround of product. Sales will begin in May, and with over $15 Million in sales the first year, we will see a first year net profit of $2.3 Million. The owners are investing $500,000 each, for a total of $1.5 Million, and are securing an $800K long-term loan. The Company is also looking an month start-up period to build the recycling and packaging facilities, buy equipment, and incorporate the business, Replay Plastics will begin a quick turnaround of product. Sales will begin in May, and with over $15 Million in sales the first year, we will see a first year net profit of $2.3 Million. The owners are investing $500,000 each, for a total of $1.5 Million, and are securing an $800K long-term loan. The Company is also seeking an looking Students Paper: also looking an investment of $2,700,000 in order to begin operations. Then, these also seeking an investment of $2,700,000 in order to begin operations. These funds . Then, Students Paper: operations. Then, these funds will be used for the purchase of one recycling line and one manufacturing line, for create of begin operations. These funds will be used for the purchase of one recycling line and one manufacturing line, for the set up create Students Paper: for create of the plant facilities and for working capital. An outside investor providing this amount would receive 48% equity in Replay, and receive an IRR of 69% from simple dividends alone over the next 5 years. At the end of that period, we will consider a public offering of stock or a buy-out by a related business. Recent information on private sales of similar industry companies has indicated that transactions under $25 million have averaged 5.3 times EBITDA, while transactions in the range of $25-250 million have averaged over 7 times EBITDA. Further details can be found in the Financial Plan, below. 1.1 Objectives Sales passing $15 million in first year set up of the plant facilities and for working capital. An outside investor providing this amount would receive 48% equity in Replay, and receive an IRR of 69% from simple dividends alone over the next 5 years. At the end of that period, we will consider a public offering of stock or a buy-out by a related business. Recent information on private sales of similar industry companies has indicated that transactions under $25 million have averaged 5.3 times EBITDA, while transactions in the range of $25-250 million have averaged over 7 times EBITDA. Further details can be found in the Financial Plan, below. 1.1 Objectives Sales passing $15 million in firstyyear, $31 first Students Paper: in first year, $31 million in year 2, growing to $43 million. Gross margin in firstyyear, $31 million in year 2, growing to $43 million.y Gross . Gross margin of 35% or more in first Students Paper: in first year, 45% in second year then 50% or more. Net profit of in firstyyear, 45% in second year then 50% or more. Net profityof 13 profit of 13% in year one, then exceeding 20% Students Paper: exceeding 20% annually starting in year two. 1.2 Mission Replay Plastics is a generally manufacturing then exceedingy20% annually starting in year two. 1.2 Mission Replay Plastics is a manufacturing company generally Students Paper: a generally manufacturing company dedicated to converting waste plastic materials into commercially viable products, utilizing environmentally friendly recycling and manufacturing methods. We intend is a manufacturing company dedicated to converting waste plastic materials into commercially viable products, utilizing environmentally friendly recycling and manufacturing methods.yWe intend . We intend to make enough profit to generate a significant Students Paper: a significant return for our investors and to finance continued growth and continued development in quality products. We will generate aysignificant return for our investors and to finance continued growth and continued development in quality products.yWe will . We Students Paper: products. We will also maintain a friendly, fair, and creative work environment, which respects diversity, new ideas and hard work. 1.3 Keys to Success The main keys to the success of the Company are: Secure Supply- Contract for supply of post-consumer products.yWe will also maintain a friendly, fair, and creative work environment, which respects diversity, new ideas and hard work. 1.3 Keys to Success The main keys to the success of the Company are: Secure Supply- Contract for supply ofypost-consumerybottles post-consumer bottles Students Paper: consumer bottles and post-industrial manufacturing waste for PET raw material feed stock. Marketing Contractual arrangements ofypost-consumerybottles and post-industrial manufacturing waste for PET raw material feed stock. Marketing -yyContractual arrangementsyfor Contractual arrangements for Students Paper: arrangements for the sale of virtually all initial production. Management Strong senior management with extensive, broad-based, industry-specific experience. 1.4 Potential yyContractual arrangementsyfor the sale of virtually all initial production. Management Strong senior management with extensive, broad-based, industry-specific experience.http://www . Students Paper: specific experience. 1.4 Potential Risks Unavailable or scarce raw material feed stock for production Replay is confident that it has secured good availability of low cost post 934697d142204abeb7020c6e32f2e18d.png 1.4 Potential Risks Unavailable or scarce raw material feed stock for production Replay is confident that it has secured good availability of low costypost-consumer cost Students Paper: low cost post-consumer PET bottles (feed stock) derived from post-consumer beverage bottles from California based recycling collectors, and has back up sources identified. Technology employed may be unreliable or unproven Replay will use a proven, patented technology that was developed by one of its principals for the cleaning and recycling phase. The extrusion division will employ commercially proven technology the industry is employing unique recycled PET technology which is used by prominent eastern U.S. manufacturers of PET bottlesy(feed stock) derived from post-consumer beverage bottles from California based recycling collectors, and has back up sources identified. Technology employed may be unreliable or unproven Replay will use a proven, patented technology that was developed by one of its principals for the cleaning and recycling phase. The extrusion division will employ commercially proven technology the industry is employing unique recycled PET technology which is used by prominent eastern U.S. manufacturersyof PET manufacturers Students Paper: U.S. manufacturers of PET extrusions. There may not be a market for the Companys products The Industry-wide experience of the Management Team has allowed them to identify markets U.S. manufacturersyof PET extrusions. There may not be a market for the Companys products The Industry-wide experience of the Management Team has allowed them to identifyymarkets for identify markets for the Companys products. Their Students Paper: products. Their expertise and reputations have allowed them to obtain commitments for virtually all of the planned initial production. The location may products.yTheir expertise and reputations have allowed them to obtain commitments for virtually all of the planned initial production.y The Students Paper: initial production. The location may not be near enough to markets The markets that have production.y The location may not be near enough to markets Theymarkets that Students Paper: The markets that have been identified are primarily in the western U.S., which will markets Theymarkets that have been identified are primarily in the western U.S.,ywhich will , which will provide a distinct advantage Students Paper: distinct advantage to the Company because of freight costs and delivery timing. The Company may not be able to attract top distinct advantageyto the Company because of freight costs and delivery timing. The Company may not be able to attractytop managementy attract top Students Paper: attract top management The Company has assembled a world class management team with proven ability and direct experience in the Companys market segments. Company may not meet environmental standards This environmentally-favorable venture provides attractytop managementy The Company has assembled a world class management team with proven ability and direct experience in the Companys market segments. Company may not meet environmental standards This environmentally-favorable ventureyprovides for venture provides Students Paper: venture provides for the development of technically feasible and economically viable solutions to PET plastic beverage bottle recycling, as well as environmentally aware in-house re-use practices which filter and return nearly favorable ventureyprovides for the development of technically feasible and economically viable solutions to PET plastic beverage bottle recycling, as well as environmentally aware in-house re-use practices which filter and returnynearly all return nearly all of the process water Students Paper: process water to the production lines. The Company may not be able to sell all of its production capability Through the Senior Managements industry-wide contacts, the Company has identified potential customers and received commitments for all of the production potential of the initial facility. Company Summary The the processywater to the production lines. The Company may not be able to sell all of its production capability Through the Senior Managements industry-wide contacts, the Company has identified potential customers and received commitments for all of the production potential of the initial facility.yyyy Want Summary Students Paper: Company Summary The Company will capitalize on the opportunities in the recycled resin and packaging markets through two main divisions: a Recycling Division and a Packaging Division. Recycling Division Using a Replay Plastics will capitalize on the opportunities in the recycled resin and packaging markets through two main divisions: a Recycling Division and a Packaging Division. The Company will create a Using a patented process, Students Paper: patented process, the Company will create a PET cleaning and refining plant located in the western United States; we have Packaging Division. The Company will create a PET cleaning and refining plant located in the western United States (all 16 ; we have chosen this region because Students Paper: region because all 16 major North American PET recycling plants are currently located in the eastern United States or Canada, despite western the western United States (all 16 major North American PET recycling plants are currently located in the eastern United States or Canada). Its initial , despite western states favorable recycling attitudes among consumers. Its initial annual Students Paper: initial annual capacity will be 46 million pounds and it will utilize bottle feed Its initial capacity will be 46 million pounds, and it will utilize post-consumer bottle feed stock from Students Paper: stock from California, Oregon and Washington States, which collect over 200,000,000 pounds collected in California, Oregon and Washington States, which collect over 200 million 200,000,000 pounds per year. The Company will become totally vertically integrated, and use all or Students Paper: all or almost all of its recycled material in its Packaging Division. Any surplus material produced will and use almost all of its recycled material in its Packaging Division. Any surplus materials (clean flake produced will be sold to outside companies. Packaging Division We will create a plant (actual facilities to be shared with the Recycling Division) to manufacture extruded plastic roll stock sheet or high-strength strapping, employing state-of-the-art technology developed to utilize recycled PET resin. The extruded sheet will be primarily sold to thermoformers who will convert it into high visibility packaging, as well as laminators and fabricators. The strapping will be sold to commercial users for use as package or pallet strapping. The Company currently has commitments from customers to purchase all of the initial production capacity. Excess flake will be sold to outside customers. 2.1 Company Ownership Replay Plastics is owned by the initial founders, B. Braddock, S. McGuire and C. Smith, who are the proposed three executives of the operating entity. The plan was conceived and developed by these individuals, with the intent to apply their extensive experience and contacts in the industry to building a successful profitable corporation. 2.1.1 Potential Conflict Our COO, Mr. Sam McGuire, the inventor and patent holder of the recycling process to be used by the Company, is a principal in Company A of Chicago, IL. For many years, Company has designed, manufactured and assembled plastic recycling equipment, and has given us quotes on meeting our needs in this area. After a thorough investigation, Replay has found that Company A is able to source or supply the required equipment at considerably lower cost than any other company from which a quote was available. Mr. McGuire has disclosed that Company A has included a smaller than normal margin in their quote on goods they will manufacture, to cover overhead, contingency and profit which might result in a small benefit to him. They have agreed to source all of the equipment possible with no added margin. Replay has concluded that the savings available outweigh any other consideration and that we will purchase the cleaning and refining equipment from Company A. 2.2 Start-up Summary Our start-up expenses are budgeted at $210,000, which is mostly for on-site contractor services during facility preparation. $50,000 has been set aside for legal and accounting, $25,000 for special consulting that may be required during start up and $50,000 each for local engineering and lab equipment and supplies. $30,000 has been set aside as a contingency for the start up period. Our largest Start-up Requirement is the building of the recycling and extrusion facility. Its final value at completion is listed below as a long-term asset of $3,620,000 (excluding expensed items like consultants and engineering listed above). Aside from the building itself, we need $25,000 in machinery and fixtures, $500,000 of inventory (plastic bottle feed stock) and cash to cover us through the initial year. Start-up Funding Start-up Expenses to Fund $210,000 Start-up Assets to Fund $4,790,000 Total Funding Required $5,000,000 Assets Non-cash Assets from Start-up $4,145,000 Cash Requirements from Start-up $645,000 Additional Cash Raised $0 Cash Balance on Starting Date $645,000 Total Assets $4,790,000 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $800,000 Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $0 Total Liabilities $800,000 Capital Planned Investment Founders $1,500,000 Investor $2,700,000 Additional Investment Requirement $0 Total Planned Investment $4,200,000 Loss at Start-up (Start-up Expenses) ($210,000) Total Capital $3,990,000 Total Capital and Liabilities $4,790,000 Total Funding $5,000,000 Start-up Requirements Start-up Expenses Legal Accounting $50,000 Stationery etc. $5,000 Consultants $25,000 Lab Equipment $50,000 Local Engineering $50,000 Misc Start up $30,000 Other $0 Total Start-up Expenses $210,000 Start-up Assets Cash Required $645,000 Start-up Inventory $500,000 Other Current Assets $25,000 Long-term Assets $3,620,000 Total Assets $4,790,000 Total Requirements $5,000,000 Products Replay Plastics will utilize two processes in the same facility to produce: Cleaned and recycled plastic PET flake (RPET), recovered from post-consumer beverage bottles and manufacturing waste produced by its sheet customers Extruded roll stock sheet PET. Extruded PET high-strength strapping for securing large packages or pallet loads; each using 100% RPET produced in-house 3.1 Product Description Roll stock sheet will be sold to custom thermoformers primarily to be used to produce high-visibility packaging. It will also be sold to manufacturers of laminates and fabricated plastic products. High strength PET packaging strapping is used to secure packages or pallets in such industries as lumber milling and corrugated and other paper production. Both products will be extruded from post-consumer polyethylene terephthalate (PET) bottles. The recycling programs in California, Washington and Oregon collect in excess of 200,000,000 pounds of PET bottles per annum. Replay initial capacity will be 46,000,000 pounds. Using a patented process, Replay will clean and refine the PET material from the post-consumer bottle stock and post-industrial manufacturing waste. The PET flake resin produced will be extruded into roll stock sheet or high-strength strapping. Although the Company expects to convert all of its bottle feed stock into extruded products, any surplus flake will be sold to outside manufacturers. 3.2 Competitive Comparison While quality and delivery are important factors to our potential clients, price is most often the determining factor in a buying decision. Good-quality packaging products manufactured from recycled (less expensive) resins, as close as practical to the end customers operations, will be most competitive and achieve a significant market share. These factors have helped to determine the business parameters of Replay Plastics. 3.3 Sourcing In excess of 200,000,000 pounds of post-consumer PET beverage bottles are collected and available as feed stock for manufacturers who can re-process this material into commercial products. The Company has excellent relations with the firms and associations that collect and distribute these materials and has been assured that its requirements will be available for the foreseeable future. The Company has entered negotiations with a California based source of post-consumer bottles and is confident that sufficient volumes are available on a contract basis from this source to satisfy its requirements. In addition, the Company intends to purchase production waste from its sheet customers and blend it into its feed stock. Currently, the majority of the post-consumer PET bottles collected in California, Oregon and Washington are exported to China. The Chinese have absorbed the amounts surplus to the use in North America. Their interest has kept the industry in the position of being able to maintain a steady price range for this bottle stock. A significant percentage of all sales of such bottle stock are managed by Plastics Recycling Corporation of California (PRCC), an industry funded marketing agency which operates similarly to a co-operative. They accept bids from potential buyers on behalf of the firms which act as consolidators, which accumulate stocks from the smaller, individual bottle-recycling depots. Some amount of the available stocks are regularly bought by recyclers in eastern North America who focus on the carpet manufacturers who use RPET resin in their process, but the high cost of transport from the western U.S. makes eastern sources more desirable. Replay has a good relationship with Company B, one of the larger consolidators in California. Company B has indicated a desire to contract to supply Replay with all of its raw material needs. They prefer to deal with a local consumer such as Replay, rather than the uncertainty and extra preparation requirements of the export market. There are other sources of post-consumer feed stock known to Replay, and we are confident that we will have sufficient materials available for our production needs. 3.4 Technology Sam McGuire, a key member of our Management team, is one of the original innovators of cleaning and refining technology for post-consumer PET, and we will be utilizing his patented process in our recycling facility. Sam has worked in the establishment and operation of facilities employing similar technologies over the last several years. On the manufacturing side, Management has been an integral part of the advancement of industry practices over the last twenty years or so, and includes in their knowledge base most, if not all, of the state-of-the-art available equipment and manufacturing techniques. Students Paper: manufacturing techniques. Market Analysis Summary Strong demand for recycled plastics is working in the industrys favor. Major users http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm 8 y Market Analysis Summary Strong demand for recycled plastics is working in the industrys favor.y Major . Students Paper: industrys favor. Major users of plastic packaging, apparently responding to consumer desires, have begun incorporating at least some recycled plastic content in their products as part of the growing interest in recycling. Recycled resin demand http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm favor.y Major users of plastic packaging, apparently responding to consumer desires, have begun incorporating at least some recycled plastic content in their products as part of the growing interest in recycling.y Recycled Students Paper: growing interest in recycling. Recycled resin demand is on the rise as prices for the two major recycled resins, PET and HDPE, continue to hold value or appreciate against their virgin counterparts. In volume, PET is currently the number one recycled resin. Supply of http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm recycling.y Recycled resin demand is on the rise as prices for the two major recycled resins, PET and HDPE, continue to hold value or appreciate against their virgin counterparts. In volume, PET is currently the number one recycled resin.ySupply of . Supply of recycled PET is in excess of 800 million pounds per year. This figure is expected to grow, reaching over 1 billion pounds during the next few years. Students Paper: few years. The plastics industry has developed new markets and applications for recycled resins from both post-consumer and post-industrial sources. PET leads the recycled recovered resins as the most visible and valuable, and its use is increasing. Of the http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm years.yThe plastics industry has developed new markets and applications for recycled resins from both post-consumer and post-industrial sources. PET leads the recycled recovered resins as the most visible and valuable, and its use is increasing.yOf the . Students Paper: is increasing. Of the total 3.7 billion pounds of PET consumed in 1997, just 16% was from recycled sources. Of the more than http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm increasing.yOf the total 3.7 billion pounds of PET consumed in 1997, just 16% was from recycled sources.yOf the Students Paper: just 16% was from recycled sources. Of the more than 90 billion pounds of plastics produced annually in the United States, less than 5% is from recycled sources. Plastics, after aluminium http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm sources.yOf the more than 90 billion pounds of plastics produced annually in the United States, less than 5% is from recycled sources.yPlastics, after Students Paper: recycled sources. Plastics, after aluminium, represent the second highest value material in the waste stream and have the highest projected growth rate. Markets and uses for recycled plastics are rapidly expanding. Plastic containers are http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm sources.yPlastics, after aluminium, represent the second highest value material in the waste stream and have the highest projected growth rate. Markets and uses for recycled plastics are rapidly expanding.yPlastic containers Students Paper: expanding. Plastic containers are being collected at the curb for recycling in nearly 500 communities, representing more than 4 million households. U.S. demand http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm expanding.yP Plastics Recycling Business Plan Plastics Recycling Business Plan Executive Summary Recently, the growing utilization of plastics are specifically used domestic purpose and produced from industrial and consumer applications and need Students Paper: and need to combined with increased consumer awareness surrounding solid waste recycling, has led to an increased demand for recycled plastic resins and products for our general consumer applications, combined with increased consumer awareness surrounding solid waste recycling, has led to an increased demand for recycled plastic resins and products. One of our general purposes. One of the quickest increasing Students Paper: quickest increasing types of collected plastic materials for recycling is polyethylene terephthalate (PET) from post-consumer beverage and water bottles. Replay Plastics will capitalize on the opportunities in the recycled resin and packaging markets through two main divisions: a Recycling Division and a Packaging Division. The Company will create a PET cleaning and refining plant where located fastest growing types of collected plastic materials for recycling is polyethylene terephthalate (PET) from post-consumer beverage and water bottles. Replay Plastics will capitalize on the opportunities in the recycled resin and packaging markets through two main divisions: a Recycling Division and a Packaging Division. The Company will create a PET cleaning and refining plant located in where Students Paper: plant where located in the western United States (all 16 major North American PET recycling plants are currently located in the eastern United States or Canada). To be and refining plant located in the western United States (all 16 major North American PET recycling plants are currently located in the eastern United States or Canada). Its initial ). To be honest, Students Paper: be honest, Its initial capacity will be 46 million pounds, and it will utilize post-consumer bottle feed stock presently collected in California, Oregon and Washington States, which collect over 200 million pounds per year. The Company will be vertically integrated and utilize almost all of its recycled material in its Packaging Division and any surplus materials (clean flake) produced will be sold to outside companies. The extruded sheet may then be sold to manufacturers who will thermoform it into high-visibility packaging or use it in other high value added manufacturing operations. The strapping will be sold to companies who ship large packages or pallets, such as the lumber milling industry. The Company currently has commitments available from customers to purchase the entire product or Canada). Its initial capacity will be 46 million pounds, and it will utilize post-consumer bottle feed stock presently collected in California, Oregon and Washington States, which collect over 200 million pounds per year. The Company will be vertically integrated, and use almost all of its recycled material in its Packaging Division. Any surplus materials (clean flake) produced will be sold to outside companies. The extruded sheet may then be sold to manufacturers, who will thermoform it into high-visibility packaging or use it in other high value added manufacturing operations. The strapping will be sold to companies who ship large packages or pallets, such as the lumber milling industry. The Company currently has commitments available from customers to purchase all of the product produced entire product produced. MANAGEMENT Ben Braddock, President who has experienced since 30-years of history and related with Students Paper: related with encompassing all aspects of Polymer Raw Material, Plastic Conversion Methods, and Venture Development. Moreover, he of experience encompassing all aspects of Polymer Raw Material, Plastic Conversion Methods, and Venture Development. He has . Moreover, he has founded great Students Paper: founded great ventures in the plastic converting industry, and assisted in the launch of five plastic converting manufacturing plants. In his personal founded successful ventures in the plastic converting industry, and assisted in the launch of five plastic converting manufacturing plants. Sam McGuire his personal life, Students Paper: personal life, Sam McGuire, Executive VP and COO, is a graduate Engineer with almost over manufacturing plants. Sam McGuire, Executive VP and COO, is a graduate Engineer with over 20 almost Students Paper: with almost over 20 years experience in the post-consumer plastics recycling industry and is the inventor of the primary cleaning refining technology used in the process for this project. He has received a patent for his technology and has been directly involved in over twenty-five major post consumer plastics recycling projects. Carl R. Smith, CFO, has over 30 years investment and merchant banking and management experience. He has assisted in raising over $500 million and served as board member and/or officer in over 40 public and private companies. FINANCIAL SUMMARY Moreover, after Engineer with over 20 years experience in the post-consumer plastics recycling industry and is the inventor of the primary cleaning refining technology used in the process for this project. He has received a patent for his technology and has been directly involved in over twenty-five major post consumer plastics recycling projects. Carl R. Smith, CFO, has over 30 years investment and merchant banking and management experience. He has assisted in raising over $500 million and served as board member and/or officer in over 40 public and private companies. FINANCIAL SUMMARY After a Moreover, after a four month grow- Students Paper: month grow-up period to build the recycling and packaging facilities, buy equipment, and incorporate the business, Replay Plastics will begin a quick turnaround of product. Sales will begin in May, and with over $15 Million in sales the first year, we will see a first year net profit of $2.3 Million. The owners are investing $500,000 each, for a total of $1.5 Million, and are securing an $800K long-term loan. The Company is also looking an month start-up period to build the recycling and packaging facilities, buy equipment, and incorporate the business, Replay Plastics will begin a quick turnaround of product. Sales will begin in May, and with over $15 Million in sales the first year, we will see a first year net profit of $2.3 Million. The owners are investing $500,000 each, for a total of $1.5 Million, and are securing an $800K long-term loan. The Company is also seeking an looking Students Paper: also looking an investment of $2,700,000 in order to begin operations. Then, these also seeking an investment of $2,700,000 in order to begin operations. These funds . Then, Students Paper: operations. Then, these funds will be used for the purchase of one recycling line and one manufacturing line, for create of begin operations. These funds will be used for the purchase of one recycling line and one manufacturing line, for the set up create Students Paper: for create of the plant facilities and for working capital. An outside investor providing this amount would receive 48% equity in Replay, and receive an IRR of 69% from simple dividends alone over the next 5 years. At the end of that period, we will consider a public offering of stock or a buy-out by a related business. Recent information on private sales of similar industry companies has indicated that transactions under $25 million have averaged 5.3 times EBITDA, while transactions in the range of $25-250 million have averaged over 7 times EBITDA. Further details can be found in the Financial Plan, below. 1.1 Objectives Sales passing $15 million in first year set up of the plant facilities and for working capital. An outside investor providing this amount would receive 48% equity in Replay, and receive an IRR of 69% from simple dividends alone over the next 5 years. At the end of that period, we will consider a public offering of stock or a buy-out by a related business. Recent information on private sales of similar industry companies has indicated that transactions under $25 million have averaged 5.3 times EBITDA, while transactions in the range of $25-250 million have averaged over 7 times EBITDA. Further details can be found in the Financial Plan, below. 1.1 Objectives Sales passing $15 million in firstyyear, $31 first Students Paper: in first year, $31 million in year 2, growing to $43 million. Gross margin in firstyyear, $31 million in year 2, growing to $43 million.y Gross . Gross margin of 35% or more in first Students Paper: in first year, 45% in second year then 50% or more. Net profit of in firstyyear, 45% in second year then 50% or more. Net profityof 13 profit of 13% in year one, then exceeding 20% Students Paper: exceeding 20% annually starting in year two. 1.2 Mission Replay Plastics is a generally manufacturing then exceedingy20% annually starting in year two. 1.2 Mission Replay Plastics is a manufacturing company generally Students Paper: a generally manufacturing company dedicated to converting waste plastic materials into commercially viable products, utilizing environmentally friendly recycling and manufacturing methods. We intend is a manufacturing company dedicated to converting waste plastic materials into commercially viable products, utilizing environmentally friendly recycling and manufacturing methods.yWe intend . We intend to make enough profit to generate a significant Students Paper: a significant return for our investors and to finance continued growth and continued development in quality products. We will generate aysignificant return for our investors and to finance continued growth and continued development in quality products.yWe will . We Students Paper: products. We will also maintain a friendly, fair, and creative work environment, which respects diversity, new ideas and hard work. 1.3 Keys to Success The main keys to the success of the Company are: Secure Supply- Contract for supply of post-consumer products.yWe will also maintain a friendly, fair, and creative work environment, which respects diversity, new ideas and hard work. 1.3 Keys to Success The main keys to the success of the Company are: Secure Supply- Contract for supply ofypost-consumerybottles post-consumer bottles Students Paper: consumer bottles and post-industrial manufacturing waste for PET raw material feed stock. Marketing Contractual arrangements ofypost-consumerybottles and post-industrial manufacturing waste for PET raw material feed stock. Marketing -yyContractual arrangementsyfor Contractual arrangements for Students Paper: arrangements for the sale of virtually all initial production. Management Strong senior management with extensive, broad-based, industry-specific experience. 1.4 Potential yyContractual arrangementsyfor the sale of virtually all initial production. Management Strong senior management with extensive, broad-based, industry-specific experience.http://www . Students Paper: specific experience. 1.4 Potential Risks Unavailable or scarce raw material feed stock for production Replay is confident that it has secured good availability of low cost post 934697d142204abeb7020c6e32f2e18d.png 1.4 Potential Risks Unavailable or scarce raw material feed stock for production Replay is confident that it has secured good availability of low costypost-consumer cost Students Paper: low cost post-consumer PET bottles (feed stock) derived from post-consumer beverage bottles from California based recycling collectors, and has back up sources identified. Technology employed may be unreliable or unproven Replay will use a proven, patented technology that was developed by one of its principals for the cleaning and recycling phase. The extrusion division will employ commercially proven technology the industry is employing unique recycled PET technology which is used by prominent eastern U.S. manufacturers of PET bottlesy(feed stock) derived from post-consumer beverage bottles from California based recycling collectors, and has back up sources identified. Technology employed may be unreliable or unproven Replay will use a proven, patented technology that was developed by one of its principals for the cleaning and recycling phase. The extrusion division will employ commercially proven technology the industry is employing unique recycled PET technology which is used by prominent eastern U.S. manufacturersyof PET manufacturers Students Paper: U.S. manufacturers of PET extrusions. There may not be a market for the Companys products The Industry-wide experience of the Management Team has allowed them to identify markets U.S. manufacturersyof PET extrusions. There may not be a market for the Companys products The Industry-wide experience of the Management Team has allowed them to identifyymarkets for identify markets for the Companys products. Their Students Paper: products. Their expertise and reputations have allowed them to obtain commitments for virtually all of the planned initial production. The location may products.yTheir expertise and reputations have allowed them to obtain commitments for virtually all of the planned initial production.y The Students Paper: initial production. The location may not be near enough to markets The markets that have production.y The location may not be near enough to markets Theymarkets that Students Paper: The markets that have been identified are primarily in the western U.S., which will markets Theymarkets that have been identified are primarily in the western U.S.,ywhich will , which will provide a distinct advantage Students Paper: distinct advantage to the Company because of freight costs and delivery timing. The Company may not be able to attract top distinct advantageyto the Company because of freight costs and delivery timing. The Company may not be able to attractytop managementy attract top Students Paper: attract top management The Company has assembled a world class management team with proven ability and direct experience in the Companys market segments. Company may not meet environmental standards This environmentally-favorable venture provides attractytop managementy The Company has assembled a world class management team with proven ability and direct experience in the Companys market segments. Company may not meet environmental standards This environmentally-favorable ventureyprovides for venture provides Students Paper: venture provides for the development of technically feasible and economically viable solutions to PET plastic beverage bottle recycling, as well as environmentally aware in-house re-use practices which filter and return nearly favorable ventureyprovides for the development of technically feasible and economically viable solutions to PET plastic beverage bottle recycling, as well as environmentally aware in-house re-use practices which filter and returnynearly all return nearly all of the process water Students Paper: process water to the production lines. The Company may not be able to sell all of its production capability Through the Senior Managements industry-wide contacts, the Company has identified potential customers and received commitments for all of the production potential of the initial facility. Company Summary The the processywater to the production lines. The Company may not be able to sell all of its production capability Through the Senior Managements industry-wide contacts, the Company has identified potential customers and received commitments for all of the production potential of the initial facility.yyyy Want Summary Students Paper: Company Summary The Company will capitalize on the opportunities in the recycled resin and packaging markets through two main divisions: a Recycling Division and a Packaging Division. Recycling Division Using a Replay Plastics will capitalize on the opportunities in the recycled resin and packaging markets through two main divisions: a Recycling Division and a Packaging Division. The Company will create a Using a patented process, Students Paper: patented process, the Company will create a PET cleaning and refining plant located in the western United States; we have Packaging Division. The Company will create a PET cleaning and refining plant located in the western United States (all 16 ; we have chosen this region because Students Paper: region because all 16 major North American PET recycling plants are currently located in the eastern United States or Canada, despite western the western United States (all 16 major North American PET recycling plants are currently located in the eastern United States or Canada). Its initial , despite western states favorable recycling attitudes among consumers. Its initial annual Students Paper: initial annual capacity will be 46 million pounds and it will utilize bottle feed Its initial capacity will be 46 million pounds, and it will utilize post-consumer bottle feed stock from Students Paper: stock from California, Oregon and Washington States, which collect over 200,000,000 pounds collected in California, Oregon and Washington States, which collect over 200 million 200,000,000 pounds per year. The Company will become totally vertically integrated, and use all or Students Paper: all or almost all of its recycled material in its Packaging Division. Any surplus material produced will and use almost all of its recycled material in its Packaging Division. Any surplus materials (clean flake produced will be sold to outside companies. Packaging Division We will create a plant (actual facilities to be shared with the Recycling Division) to manufacture extruded plastic roll stock sheet or high-strength strapping, employing state-of-the-art technology developed to utilize recycled PET resin. The extruded sheet will be primarily sold to thermoformers who will convert it into high visibility packaging, as well as laminators and fabricators. The strapping will be sold to commercial users for use as package or pallet strapping. The Company currently has commitments from customers to purchase all of the initial production capacity. Excess flake will be sold to outside customers. 2.1 Company Ownership Replay Plastics is owned by the initial founders, B. Braddock, S. McGuire and C. Smith, who are the proposed three executives of the operating entity. The plan was conceived and developed by these individuals, with the intent to apply their extensive experience and contacts in the industry to building a successful profitable corporation. 2.1.1 Potential Conflict Our COO, Mr. Sam McGuire, the inventor and patent holder of the recycling process to be used by the Company, is a principal in Company A of Chicago, IL. For many years, Company has designed, manufactured and assembled plastic recycling equipment, and has given us quotes on meeting our needs in this area. After a thorough investigation, Replay has found that Company A is able to source or supply the required equipment at considerably lower cost than any other company from which a quote was available. Mr. McGuire has disclosed that Company A has included a smaller than normal margin in their quote on goods they will manufacture, to cover overhead, contingency and profit which might result in a small benefit to him. They have agreed to source all of the equipment possible with no added margin. Replay has concluded that the savings available outweigh any other consideration and that we will purchase the cleaning and refining equipment from Company A. 2.2 Start-up Summary Our start-up expenses are budgeted at $210,000, which is mostly for on-site contractor services during facility preparation. $50,000 has been set aside for legal and accounting, $25,000 for special consulting that may be required during start up and $50,000 each for local engineering and lab equipment and supplies. $30,000 has been set aside as a contingency for the start up period. Our largest Start-up Requirement is the building of the recycling and extrusion facility. Its final value at completion is listed below as a long-term asset of $3,620,000 (excluding expensed items like consultants and engineering listed above). Aside from the building itself, we need $25,000 in machinery and fixtures, $500,000 of inventory (plastic bottle feed stock) and cash to cover us through the initial year. Start-up Funding Start-up Expenses to Fund $210,000 Start-up Assets to Fund $4,790,000 Total Funding Required $5,000,000 Assets Non-cash Assets from Start-up $4,145,000 Cash Requirements from Start-up $645,000 Additional Cash Raised $0 Cash Balance on Starting Date $645,000 Total Assets $4,790,000 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $800,000 Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $0 Total Liabilities $800,000 Capital Planned Investment Founders $1,500,000 Investor $2,700,000 Additional Investment Requirement $0 Total Planned Investment $4,200,000 Loss at Start-up (Start-up Expenses) ($210,000) Total Capital $3,990,000 Total Capital and Liabilities $4,790,000 Total Funding $5,000,000 Start-up Requirements Start-up Expenses Legal Accounting $50,000 Stationery etc. $5,000 Consultants $25,000 Lab Equipment $50,000 Local Engineering $50,000 Misc Start up $30,000 Other $0 Total Start-up Expenses $210,000 Start-up Assets Cash Required $645,000 Start-up Inventory $500,000 Other Current Assets $25,000 Long-term Assets $3,620,000 Total Assets $4,790,000 Total Requirements $5,000,000 Products Replay Plastics will utilize two processes in the same facility to produce: Cleaned and recycled plastic PET flake (RPET), recovered from post-consumer beverage bottles and manufacturing waste produced by its sheet customers Extruded roll stock sheet PET. Extruded PET high-strength strapping for securing large packages or pallet loads; each using 100% RPET produced in-house 3.1 Product Description Roll stock sheet will be sold to custom thermoformers primarily to be used to produce high-visibility packaging. It will also be sold to manufacturers of laminates and fabricated plastic products. High strength PET packaging strapping is used to secure packages or pallets in such industries as lumber milling and corrugated and other paper production. Both products will be extruded from post-consumer polyethylene terephthalate (PET) bottles. The recycling programs in California, Washington and Oregon collect in excess of 200,000,000 pounds of PET bottles per annum. Replay initial capacity will be 46,000,000 pounds. Using a patented process, Replay will clean and refine the PET material from the post-consumer bottle stock and post-industrial manufacturing waste. The PET flake resin produced will be extruded into roll stock sheet or high-strength strapping. Although the Company expects to convert all of its bottle feed stock into extruded products, any surplus flake will be sold to outside manufacturers. 3.2 Competitive Comparison While quality and delivery are important factors to our potential clients, price is most often the determining factor in a buying decision. Good-quality packaging products manufactured from recycled (less expensive) resins, as close as practical to the end customers operations, will be most competitive and achieve a significant market share. These factors have helped to determine the business parameters of Replay Plastics. 3.3 Sourcing In excess of 200,000,000 pounds of post-consumer PET beverage bottles are collected and available as feed stock for manufacturers who can re-process this material into commercial products. The Company has excellent relations with the firms and associations that collect and distribute these materials and has been assured that its requirements will be available for the foreseeable future. The Company has entered negotiations with a California based source of post-consumer bottles and is confident that sufficient volumes are available on a contract basis from this source to satisfy its requirements. In addition, the Company intends to purchase production waste from its sheet customers and blend it into its feed stock. Currently, the majority of the post-consumer PET bottles collected in California, Oregon and Washington are exported to China. The Chinese have absorbed the amounts surplus to the use in North America. Their interest has kept the industry in the position of being able to maintain a steady price range for this bottle stock. A significant percentage of all sales of such bottle stock are managed by Plastics Recycling Corporation of California (PRCC), an industry funded marketing agency which operates similarly to a co-operative. They accept bids from potential buyers on behalf of the firms which act as consolidators, which accumulate stocks from the smaller, individual bottle-recycling depots. Some amount of the available stocks are regularly bought by recyclers in eastern North America who focus on the carpet manufacturers who use RPET resin in their process, but the high cost of transport from the western U.S. makes eastern sources more desirable. Replay has a good relationship with Company B, one of the larger consolidators in California. Company B has indicated a desire to contract to supply Replay with all of its raw material needs. They prefer to deal with a local consumer such as Replay, rather than the uncertainty and extra preparation requirements of the export market. There are other sources of post-consumer feed stock known to Replay, and we are confident that we will have sufficient materials available for our production needs. 3.4 Technology Sam McGuire, a key member of our Management team, is one of the original innovators of cleaning and refining technology for post-consumer PET, and we will be utilizing his patented process in our recycling facility. Sam has worked in the establishment and operation of facilities employing similar technologies over the last several years. On the manufacturing side, Management has been an integral part of the advancement of industry practices over the last twenty years or so, and includes in their knowledge base most, if not all, of the state-of-the-art available equipment and manufacturing techniques. Students Paper: manufacturing techniques. Market Analysis Summary Strong demand for recycled plastics is working in the industrys favor. Major users http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm 8 y Market Analysis Summary Strong demand for recycled plastics is working in the industrys favor.y Major . Students Paper: industrys favor. Major users of plastic packaging, apparently responding to consumer desires, have begun incorporating at least some recycled plastic content in their products as part of the growing interest in recycling. Recycled resin demand http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm favor.y Major users of plastic packaging, apparently responding to consumer desires, have begun incorporating at least some recycled plastic content in their products as part of the growing interest in recycling.y Recycled Students Paper: growing interest in recycling. Recycled resin demand is on the rise as prices for the two major recycled resins, PET and HDPE, continue to hold value or appreciate against their virgin counterparts. In volume, PET is currently the number one recycled resin. Supply of http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm recycling.y Recycled resin demand is on the rise as prices for the two major recycled resins, PET and HDPE, continue to hold value or appreciate against their virgin counterparts. In volume, PET is currently the number one recycled resin.ySupply of . Supply of recycled PET is in excess of 800 million pounds per year. This figure is expected to grow, reaching over 1 billion pounds during the next few years. Students Paper: few years. The plastics industry has developed new markets and applications for recycled resins from both post-consumer and post-industrial sources. PET leads the recycled recovered resins as the most visible and valuable, and its use is increasing. Of the http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm years.yThe plastics industry has developed new markets and applications for recycled resins from both post-consumer and post-industrial sources. PET leads the recycled recovered resins as the most visible and valuable, and its use is increasing.yOf the . Students Paper: is increasing. Of the total 3.7 billion pounds of PET consumed in 1997, just 16% was from recycled sources. Of the more than http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm increasing.yOf the total 3.7 billion pounds of PET consumed in 1997, just 16% was from recycled sources.yOf the Students Paper: just 16% was from recycled sources. Of the more than 90 billion pounds of plastics produced annually in the United States, less than 5% is from recycled sources. Plastics, after aluminium http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm sources.yOf the more than 90 billion pounds of plastics produced annually in the United States, less than 5% is from recycled sources.yPlastics, after Students Paper: recycled sources. Plastics, after aluminium, represent the second highest value material in the waste stream and have the highest projected growth rate. Markets and uses for recycled plastics are rapidly expanding. Plastic containers are http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm sources.yPlastics, after aluminium, represent the second highest value material in the waste stream and have the highest projected growth rate. Markets and uses for recycled plastics are rapidly expanding.yPlastic containers Students Paper: expanding. Plastic containers are being collected at the curb for recycling in nearly 500 communities, representing more than 4 million households. U.S. demand http://www.bplans.com/plastics_recycling_business_plan/market_analysis_summary_fc.cfm expanding.yP

Gender and Information Technologies Essay -- Feminist theories of tech

Technology is socially and culturally constructed as a male practice carried out in male institutions (Hellman, 1996). The dominant value system of underlying technological creative processes and decision making, is considered to be fundamentally masculine. This is because during the late 19th century mechanical and civil engineering increasingly came to define what -technology is, crucially it involved the creation of a male professional identity, based on educational qualifications and the promise of managerial positions, sharply distinguished from shop floor engineering and blue-collar workers (Wajcman, 2010). Take engineering for example: an archetypal masculine culture, where mastery over technology is a source of both pleasure and power for the predominantly male profession. These images resonate with MIT computer hacker students. Though they would deny their culture is macho, the preoccupation with winning and subjection to increasingly violent tests make their world male in s pirit and unfriendly to women. However that is not to say all women reject ‘geek culture’, nor that computer science is universally coded as masculine (Wajcman, 2010). In Malaysia women are well represented in computer science. Still Women in ICT sectors stand one to five in information technology electronic communication professions and managerial positions (Wajcman, 2010). Thus this brings me to my hypothesis that Information and communication technologies breed a culture of misogyny. Within this research it is shown that women are largely excluded from the technical design processes that shape the world we live in. In Ecofeminism (1993) authors Vandana Shiva, Maria Mies Critique and Evan Bond, they view the dominant stream of modern science as a ... ...the global economy. Information Technology for Development 14 (4): 262-279. DOI.org/10.1002/itdj.20098 Gurumurthy, A. (2011). Feminist Visions of the Network Society. Development 54 (4), 464-469. doi: 10.1057/dev.2011.82 Hellman, H. (1996). A Toy for the Boys only? Reconsidering the Gender Effects of Video Technology. European Journal of Communication 11(1): 5-32. Lee, M. (2006). What's Missing in Feminist Research in New Information and Communication Technologies? Feminist Media Studies, 6 (2): 191-210. doi: 10.1080/14680770600645168 Wacjman, J. (2010). Feminist theories of technology. Cambridge Journal of Economics, 34, 143-152. doi:10.1093/cje/ben057 Wyatt, S. (2008). Feminism, Technology and the Information Society: learning from the past, imagining the future. Information, Communication & Society, 11 (1): 111-130. doi: 10.1080/13691180701859065

Easter Egg Packaging Research Essay

Please select only 1 response for each question by placing an X in the response you feel most comfortable with unless you are told to select more than 1 response. (1) What is your gender? Male Female (2) What age range do you fit in? Age range is measured in years. 0-16 17-21 22-30 31-40 41-50 51-59 60-64 65+ (3) What is your ethnicity? Please choose the ethnic minority group you feel you best fit in and the ethnic minority groups are measured in the Self Defined Ethnicity (SDE) codes. A1 Indian A2 Pakistani A3 Bangladeshi A9 Any other Asian background B1 Caribbean B2 African B9 Any other Black background O1 Chinese O9 Any other ethnic group M1 White and Black Caribbean M2 White and Black African M3 White and Asian M9 Any other mixed background W1 British W2 Irish W9 Any other white background (4) Do you like Easter Eggs? Yes No (5) Do you shop for Easter Eggs? Yes No (6) What is your current occupation? (7) What is your current annual salary? Please state your current annual salary by using the British currency of pounds (i ). (8) How much are you most like to spend on your Easter Eggs? Please use the British currency of pounds (i ) for the spending of Easter eggs. i 0. 01 – i 2. 99 i 3. 00 – i 4. 99 i 5. 00 – i 6. 99 i 7. 00 + (9) Where are you most likely to shop for your Easter Eggs? If necessary, please select more than one option. Tesco Asda Sainsbury’s Morrison’s Netto Iceland Lidl Aldi Somerfield M&S John Lewis Waitrose Thornton’s WH Smith Other (Please specify below) (10) What Easter egg Company are you most likely to buy? If necessary, please select more than one option. Cadbury’s Nestle Kraft Masterfoods Lindt Other (Please Specify Below) (11) For your Easter egg, which chocolate do you most prefer? If necessary, please select more than one option. White Chocolate Dark Chocolate Milk Chocolate Other (Please Specify Below) (12) What do you like with your egg in the Easter egg box? If necessary, please select more than one option. Novelties Chocolate Bars Toys Sweets Other (Please Specify Below) (13) For your Easter Egg Box, which theme do you prefer? If necessary, please select more than one option. TV & Film Comedy Cartoon Anime Sports Gaming Action Adventure Music Modern Classical Retro Jesus & Old Other (Please Specify Below) What do you look for when buying an Easter Egg Box? If necessary, please select more than one option. Blue Pink Red Metallic Primary Colours Other (Please Specify Below) Small Medium Large What shape do you prefer for your Easter egg box? If necessary, please select more than one option. Cube Cuboid Spherical Pyramid Hemi-Spherical Cylinder Cone Other (Please Specify Below)

Fighting Cowards essays

Fighting Cowards essays The soil of the United States has been blessed for many years; we as a people do not deal with an onslaught of wide spread attacks on a day to day basis. People of the United States are fortunate that their largest doses of fear are presented through their harmless entertainment centers. Other country citizens are not so fortunate they awake everyday in the real fear of death and destruction from an unnamed and unseen killer, we in the United States refer to as terrorism. In the past the sneaky head of terrorism has entered the United Sates and the American public was quickly lulled to sleep by the media portraying it as an isolated instance. Our government has continued to keep quite the real threat that is continually eliminated on a day to day basis. Thus leaving the American public with a false since of security in there daily lives. Until the 11 of September 2001 when the American people were awaken from their naive slumber, the over 6000 casualties can not be referred to as an Isolated instance the American slumber has been replaced by an angry reality. Terrorism has revealed the Achilles tendon of the American impenetrable armor. The American government must look into the impossible task of defending against and enemy that wishes not to be seen and offering reasonable protection while still affording the freedoms, which America was founded on. In the House of Representatives on April 6, 2000 A bill was proposed and passed to amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide for improved Federal efforts to prepare for and respond to terrorist attacks, and for other purposes. The President should strengthen Federal interagency emergency planning by the Federal 9 Emergency Management Agency and other appro- 10 Private Federal, State, and local agencies for develop- 11 ment of a capability for early detection and warning 12 of and response to potential domestic terrorist at- 13 ta...

LA Riots essays

LA Riots essays Believe it or not, Los Angeles was just waiting for an event like the Rodney King verdict to explode. All that was needed was that one spark to ignite the anger in the citizens of South Central and cause the area to explode. One of the recent and most significant riots took place on the streets of Los Angeles on April 29, 1992. The case was controversial because Rodney King was a black male beaten with excessive force by four white Los Angeles police officers. The not guilty verdict of the four officers may have been the initial cause, but the riots were not about Rodney King and the issue of racism; rather they were more about the class tension between poor and rich. The riots were due to all the underlying festering rage that had been building up in the residents of Los Angeles and the disbelief that police, even when caught on tape, could get away with such brutality. Although many people believe the riots were caused solely by the King verdict, in reality, these widespread brutal actions were a justified protest to the social injustice and economic inequality in which people live. It was obvious that the media focused on the issue of discrimination and portrayed the riots as black rage on the streets due to the not guilty verdict of the four Los Angeles policemen that were facing excessive force charges. As we saw in the TV news channel: The live broadcast from a hovering TV news helicopter of a black man striking unconscious with a brick, kicking, and then dancing over the body of white truck driver Reginald Denny(Whitman). The bloody images of the riots indeed proved the violent side of it. In addition, the six days of rioting resulted in the death of 52 people, the injury of 2,383 people, and the arrest of 16,291 people. There was an estimated around $1 billion in property damage in Los Angeles County, not since the Watts riots of 1965 was there so much damage (USA Today). Just to look at the figures and the med...