Black Psychology Essay

Abstr set This is an autobiographic essay where I briefly analyzes and interpret signifi stopt and impactful events that has transpi release over my kick the bucket 20 years in my life from shoal to my connection in Portland, operating theater. The objective of this essay is to connect concepts and the course objectives related to forbidding psychological science which I enrolled in at Florida Agri heathenish and Mechanical University (FAMU) spring 2009 term. The compendium for this essay is in a chronological age order starting line from my birth in 1988 till my current experience at FAMU.The defend that is mainly referenced in this essay is the Kobi K. Kambon textbook African/ glum psychological science in American Context An African Centered undertake along with Joseph Baldwins class lectures that I attended. Divided Among two unalike Views of the World But this is my Story The idea that a mysterious person is from Portland, Oregon seems to be shocking information fo r certain African-Americans. Once I introduce myself to new friends and professors who never traveled to Portland or were never inform that blacken people live in Oregon.Many are intrigued by this information and see a quest to know more. So to perform that question, yes on that point are blacks who live in Oregon. I am a product of Oregon I, Michelle Williams, was born and raised in the urban residential district in Portland amongst separate African-Americans. One may assume that I had a difficult time evolution up in Oregon. Experiencing discrimination, racism, or identity crisis however, my six siblings and I never did. Although, I did not experience those types of issues, I understood that in Portland, the shadowy race was the barbarianity and Europeans were the majority in the race factor.In addition, do not assume that my family lineage still lines in Oregon, on both sides of my family s come forwardherly roots run deep. Therefore, southern traditions, set, morals , beliefs, and customs were inbreeded into my up brings. Without questions, I am an African-American woman from Portland, Oregon however, my geographic region does not define my blackness, nor does it determine if I am capable of experiencing hardships like my fellow peers who were raised in Confederate states.In my early childhood, I resided with my maternal grandmother due to my parents ab custom to their environment and the use of narcotics. However, my time spent with my grandmother was not in vein, yet filled with years of observing and learning how to conserve traditional southern values, which the modern world of psychological science considers the African/ Black Worldviews. In the book, African/ Black Psychology in the American mise en scene An African- Centered Approach Kobi K.Kambon explains the difference between the African/ Black and European Worldviews. The four comp championnts that compose the worldviews are cosmology, ontology, axiology, and epistemology (Kambon, 1998) In the African/ African-American worldviews unrivaled are taught to believe in unrivalled and only(a)ness/ harmony with nature, survival of the group, humdrum whereas the European Worldview have the notion of survival of the fittest, competiveness, independence, and uniqueness (organism different).In my heart and soul childhood my parents redirected their life, and my mother returned to college and obtained her bachelors and masters in Psychology with a minor in Black Studies at Portland State University. While in school she begun to incorporate her findings into her parenting. Although, my mother and I were led by Eurocentric teachings, my family and our surroundings reinforced the black/African-American Worldviews in the household. I recall myself adapting to the ideologies and beliefs of those who were not within my own indigenous cultural group.Kambon defines this experience as a black child who has been influenced by Eurocentric teachings resulting in Abnormal abno rmal Circumstances. The child has accepted and identified him or herself as a member of a group that is not indigenous cultural worldly concern (Kambon, 1998). I was able to bounce back to the normal-nature circumstances, with the help of my Black community friends, and family through our morals and beliefs. I had to stay received to my own cultural reality and not be amongst those who are cultural mis-identified.An example of how I demonstrated abnormal unnatural circumstances was when I accepted the European philosophies and allowed the freshs to dictate and define what was appropriate or correct based get rid of their standards and views on life. By this I allowed the notion that white Barbie dolls are better, alternatively than the Black China Doll my grandmother purchased for Christmas one year. While in middle school, which is considered my late or pre-adolescence years, I was offered acceptance into the Talent and put also known as the TAG program.The TAG programs honor s and congratulates students who demonstrated great(p) abilities or potentials in areas of general intellectual ability or unique(predicate) ability aptitude (Davenport Community School Website). After discovering the truth in the Black Psychology course, I have shine to the understanding that this cross program has several flaws that discriminates against the Black race. The black students who excel above the standards fit out for Blacks are called Talented or Gifted. In chapter eight it give tongue to that there was some Blacks who scored as high as Whites on ideal tests of so-called cognizance (i.e research on Black gifted children) (Kambon, 1998).The cornerstone of the Tag program continues and supports White Supremacy. The definition the European psychologist use to define cognition which were examined on Caucasians only was (a) the repertoire of intellectual/cognitive skills and knowledge available to a person at any one period of time, or (b) the aggregate of global capacity of the individual to act purposely, to think rationally, and to deal effectively with his/her environment (Kambon,1998).The names of a couplet of exams that exemplified that one was intelligent were The Alfred Binet and the Binet analyze, also known as Intelligence Quotient/ IQ, Charles Spearman with the GS divisor test, and a few others (Kambon, 1998). Robert L. Williams the second National Chairman/ President of American of Black Psychologists (ABPsi) (Kambon, 1998), developed a Black cultural specific intelligence test which demonstrated that Blacks could perform superiority to Whites on such a Black cultural based test.The test was called Black Intelligence Test for pagan Homogeneity formally known as BITCH. His intelligence test showcased that African-American students were out performing whites by 30 to 50 points (Kambon, 1998). In relations to my acceptance to the TAG program I tangle a sense of being privileged, superior, and connected to the white race in so me sense. I belittled my peers who the Europeans and the test scored them as being underachievers. by means of my actions I had continued on the European worldviews.The people see the rock-steady that the TAG program promotes however, there are down sides and negative characteristics of being called a Talented or Gifted child. In my early adolescence years, I was considered at times a student who could be insubordinate, disrespectful, and disruptive in class. However, my actions were to challenge an question my teachers philosophy closely western archives, colonization in Africa, slavery, and anything that focused on the Black race. Now aspect back on what transpired in high school I was nerve-wracking to discover the truth regarding my peoples.I tried to unravel the mess that the Europeans, westward historians, philosophers, and psychologist created. Removing the blind folds that had been mooraged over my eyes through the European teachings I was tired of receiving the edi ted, shorten, and beautified story the teachers and academic curriculum spoon-feed me every year during the one month Blacks are allowed to celebrate their history (February). I have come to accept that knowledge is key and discovered like John Henrik Clarke that, African History/ Negro History are the missing pages of World History (John Henrik Clarke, 1996).In chapter three of Kambon books, he explains this idea of cultural reality and worldviews construct, and how ones thoughts beliefs, values and actions are not uniquely our own, distinct and separate from those of others, particularly other individuals (Kambon, 119). In todays society we accept as true that Europeans set the standards or dictated/ guide one to believe that their ways of living and doing things are how things ought to be done continues white supremacy.I am now in my third year at FAMU as a nursing major interested in psychology, sideline siblings footsteps of attending a Historical Black University. My expedi tion in the Black Psychology has taught me new things about my personality and where I come from. In my opinion Oregon is a diverse and manifold state. I had adopted and balanced the different worldviews. From my secondary education I have come to a new found knowledge about this Black Psychology and its striving for perfection in the Black communities.I have come to understand that my people are from the Southern or African Cradle, which developed before the Northern or European Cradle a model Diop (Kambon, 1998). I am from the lineage of notorious Pharaohs and Queens such as Narmar, Pharaoh and Queen who whore the red and white crown Hatshepsut (Abarry, 1996). For years information has been hidden and sheltered from my peers and I. non only from the African descendents in Oregon, but from all of the descendents of Africa has that populated the 50 states in America.I have learned that I am a descendant of great Queens and Kings and Africans who were educated, governed themselves , ran a prospering economy that was developed in many aspects before the 1500s when Europeans arrived. antediluvian patriarch Kemit (KMT) and the Maat which is the foundation in which the KMT people lived by (Abarry, 1996). I have grown accustomed to both Western and this new psychology called Black Psychology. I am able to observe and in full understand and acknowledge the course objectives in Black Psychology because I have been in the ream of both worlds.My parents were educated and products of the early 60s where there was a large movement on civil rights and black psychologist making a change for the black community. Such as the Pan-African Cultural nationalism movement group who where Black Psychologist who advocate that race and finis are the foundation of African self-identity and psychological well being (Kambon, 1998). Black psychology has do tremendous accomplishments they have challenged the ideals and ideologies of Western Psychology. Rather than being the blinded test mice used in Western Psychology, Black psychologist has made a mark in Psychology.There has been a creation of Psychology geared to the Blacks. They have developed an impressive editorial journal that comes out quarterly called The Journal of Black Psychology which has been around for about 35 years (Kambon, 1996). The members of the Association of Black Psychologist have overcome many obstacles that have been presented in front of them, and will continue to do so for adjacent years to come (Kamon, 1998). I find that my mind was once held draped in a sense, before I entered college under Eurocentric teachings.I upheld the ideas of Eurocentric teachings, yet the status quo has changed in favor for the Black Race, and my cognitive for that matter. In todays society black children are taught by a Eurocentric teaching, where there is a mis-education which manifests itself in the Eurocentric abstract incarceration (Kambon, 1998). The portrait the European psychologists painted th rough their views and studies of the black race, personality, genial health, and behavioral problems have not reflected the Black people in anyway. On the contrary it has caused a separation between blacks.Those who believed in changing the psychology world for the black race have succeeded at founding its place and did not allow the standards set by Western Psychology to be the foundation for Black Psychology (Kambon, 1996). Today the blacks can see the great depth of the Eurocentric cultural incarceration that encapsulates African intellectual consciousness and scholarship. (Kambon,1998). Which has caused a developmental problem of the knowledge of the African/ black race. From the motivation of Francis Cecil Sumner, Herman G. Canady, Robert L. Williams, Marcus Gravey, Nat Turners, W.E. B Dubois, Frances Cress Welsing, and the thousands of members of the Association of Black Psychology, there is a psychology that focuses on the black community which is not delimitate by the West ern Psychology standards. It is up to students like me to utilize the all important(p) tools from courses like Black Psychology, and turn a deaf ear to the myths and delusory information that the Western Psychology once succeeded at incarcerating. This was my experience from growing up in Portland, Oregon and making a much learn journey to Florida A&M University which landed me a seat in Dr.Joseph Baldwin course Black Psychology. References Abarry, S. , Asante, M. ,(1996). African intellectual Heritiage. Philadelphia, PA Temple call down A Great and Might Walk. Dir. St. Claire Bourne. Perf. Wesley Snipes John Henrik Clarke. 1996. Bourne, C. Westley Snipes (1996) Los Angles Davenport Community School Website. (1998, Aug). Retrieved Mar. 09, 2009, from http//www. davenport. k12. ia. us/curriculum/gifted. asp Kambon, K. (1998). African/ black psychology in the American context an african- centered approach. Tallahassee, Fl Nubian Nation Publication.

Financial Analysis of Lockheed Martin

A mo meshary Analysis of Lockheed Martin dope Colby Scott LeTourneau University A Financial Analysis of Lockheed Martin flowerpot The humankind of finance in todays grocery store is one of many ups and d protests. With the global economy in constant flux, it is more important than apiece for companies to fancy their monetary status and comp ar their aspect to that of the relative commercialise as well as their fellow competitors.In holy ramble to split sympathize the ways in which todays come throughrs visit their sic on the foodstuff and assess their authentic value as a telephoner we entrust ascertain the fiscal data of Lockheed Martin Corpoproportionn and perform a detailed fiscal analysis on the party. In this analysis we will examine financial balancens of Lockheed Martin and in do work comp atomic number 18 these rations to that of fellow market competitors.Upon completion of our financial analysis we will be able to go steady the financial positio n of Lockheed Martin as well as the position of Lockheed Martin in their respective market, and in turn we will be able to fully comprehend the methods and data employ by companies in order to evaluate their confederacy. Before going into an in depth analysis of our caller-out, let us depression examine the history potty Lockheed Martin. The Lockheed Martin Corporation traces its roots altogether the way back to the earliest days of flight. In 1909 aviation originate Glenn L.Martin organized a bon ton around a dispirited plane braid business and trans organize it into a major airframe supplier to U. S. soldiery and commercial customers. In 1961 the Glenn L. Martin Company became the Martin Marietta Company after the completion of a merger with American-Marietta Corp. , a leading supplier of building and road construction materials. In 1982, Martin Marietta was subject to a hostile take over bid by the Bendix Corporation which bought the majority of Martin Marietta sh ato mic number 18s and in effect transported the companion.How ever so, Martin Mariettas management used the short time separating ownership and control to dispense non-core businesses and launch its own hostile takeover of Bendix ( cognise as the Pac-Man defense). The end of this extraordinarily bitter booking saw Martin Marietta survive and forced Bendix to be sold off. In 1913, Allan and Malcolm Loughead (name after changed to Lockheed) flew the first Lockheed plane over San Francisco Bay. The br new(prenominal)s later established their own corporation k instantaneouslyn as the Alco Hydro-Aeroplane Company which was later renamed the Loughead Aircraft Manu facturing Company.In 1926, following the failure of Loughead, Allan Loughead formed the Lockheed Aircraft Company in Hollywood, California. In 1929, Lockheed sold out to Detroit Aircraft Corporation. The Great economic crisis ruined the aircraft market, and Detroit Aircraft went bankrupt. A group of investors headed by brothe rs Robert and Courtland Gross, bought the company out of receivership in 1932. The syndicate bought the company for a mere $40,000. Ironically, Allan Loughead himself had planned to bid for his own company, but had only raised $50,000 which he felt was too small a sum for a serious bid.The first successful aircraft built in any number by the Lockheed Corporation was named the Vega and was best known for its use in several first- and record setting flights by, among others, Amelia Earhart, Wiley Post and George Hubert Wilkins. In the 1930s, Lockheed spent $139,400 to develop the Model 10 Electra, a small twin-engine reassign which sold 40 units in the first year of production. Amelia Earhart and her navigator, Fred Noonan, flew this plane on their failed attempt to circumnavigate the world in 1937.The Lockheed Model 12 Electra younger and the Lockheed Model 14 Super Electra expanded their market. The Model 14 overly formed the basis for the Hudson bomber, which was supplied to s ome(prenominal) the British Royal Air compact and the United States military before and during World War II. In 1995 the these dickens companies, Lockheed and Martin Marietta, joined together in a merger which farmd the modern Lockheed Martin corporation, and kick upstairs expanded with the acquisition of Loral, a defense electronics and systems integration business, in 1996.Today, the Lockheed Martin Corporation is headquartered in Bethesda, Maryland and employs 126,000 people worldwide. The company is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems. Lockheed also serves both domestic and transnational customers with products and services that waste defense, civil, and commercial applications, with their principal customers being agencies of the U. S. political sympathies. In 2011, 84% of their $45. billion in net sales were made to the U. S. Government, either as a prime contractor or as a su bcontractor. Lockheeds U. S. Government sales were made to both Department of Defense (DoD) and non-DoD agencies. sales to foreign governments (including foreign military sales funded, in whole or in part, by the U. S. Government) tote uped to 15% of net sales in 2011. The rarity of net sales was attributable to commercial and other customers. In 2011, net sales at Aeronautics of $13. 2 billion represented 29% of their entirety net sales.Aeronautics has three principal lines of business and the partage that each contributed to its 2011 net sales was 68 percent combat aircraft, 20 percent air mobility, and 12 percent in other aeronautics programs. At December 31, 2011, we operated in 545 locations (including offices, manufacturing plants, warehouses, service centers, laboratories, and other facilities) throughout the United States and internationally. Of these, we possess 43 locations aggregating approximately 30 trillion square feet, and leased aloofness at 502 locations agg regating approximately 26 million square feet.We also manage or occupy various government-owned facilities under leases and various other arrangements. The U. S. Government also furnishes equipment that we use in some of our businesses. We operate in quad principal business segments Aeronautics, Electronic Systems, IS, and spot Systems. Lockheed organizes their business segments based on the nature of the products and services offered. The following table presents net sales and operating(a) lucre of their four business segments. earn sales exclude intersegment tax, as these activities are eliminated in consolidation. Intercompany transactions are generally negotiated and accounted for under terms and conditions identical to other government and commercial contracts. Operating net income of the business segments includes the virtue earnings or losses from investees in which certain of their business segments hold equity interests, be case the activities of the investees are cl osely aligned with the operations of those segments. In Millions 2011 2010 2009 Net Sales Aeronautics 13,235 12,201 11,473 Electronic Systems 14,363 13,532 12,803 Information systems & Global Solutions 9,959 9,608 9,069 Space Systems 8,246 8,654 8,027 integrality 45,803 43,995 41,372 Operation Profit Aeronautics 1,502 1,577 1,433 Electronic Systems 1,712 1,660 1,583 Information systems & Global Solutions 890 895 919 Space Systems 972 972 953 tot up Business Segments 5,076 5,104 4,888 VESP and other charges 220 - Other unallocated Corporate income net 759 689 161 Total 4,097 4,415 5,049 Now that we have established the background of the Lockheed Martin Corporation, let us now analyze the ratios which provide us insight into the financial status of the corporation. The first ratio which we will look at is the current ration of Lockheed Martin. exploitation the current ration, we will be able to determine if Lockheed will be able to satisfy the amount of current liabilities based upon their current assets. When feeling at the Lockheeds balance sheet for 2011, we retrieve that they have 11. 157 million dollars in current liabilities and 12. 851 million dollars in current liabilities. In order to compute the current ratio of Lockheed we then take the current assets of 12. 51 million and river basin this number by the current liabilities of 11. 157 million hence giving Lockheed a current ratio of 1. 15% for 2011. When looking at this ratio over a period of 2 years we began to see that the ratio calculated for 2011 has decreased . 01 percent from 2010. In examining this ratio, we are able to conclude that Lockheed has a more or less constant liquidity rate which could ascertain us that the company is relatively static at this point in time. The second ratio which will help us in evaluating the financial status of Lockheed Martin Corporation is the inventory turnover ratio. This ration will surrender us to examine how efficien tly Lockheed manages its assets and uses those assets to create income.In order to calculate this ratio we must suffer the companies net sales and divide this figure by the inventories that the company has on hand. after(prenominal) examining Lockheeds financial statements, we start out that they describe 45. 803 million dollars in net sales and 2. 378 million dollars in inventories for 2011. aft(prenominal) plugging these figures into our equation, we find that Lockheed had an inventory turnover ratio of 19. 26. This tells us roughly that Lockheeds inventory is sold out and re burgeon forthed roughly 19. 26 times per year. When examined over a two year period, we find that the ratio of sales to inventories when compared to the 20. 15 ratio calculated in 2010, had only fallen by . 89.When compared to the jibe Boeing Company, we find that Lockheeds inventory turnover ration is good high(prenominal) than the 1. 386 that Boeing report over the similar period. This could lead t o the conclusion that Lockheed Martin is in considerably better position than the majority of the other companies with in the same market. The succeeding(a) ratio that we will examine is referred to as the debt ration. This ratio allows us to examine the percentage of funds provided by current liabilities and long term debt. In order to calculate this ratio, we will need to take the total liabilities and divide this figure by the total assets. When examining the financial documents provided by Lockheed, we find that Lockheed reported a total liability of 31. 59 million and a total asset of 35. 067. As we plug this data into our equation we find that Lockheed Martin has a debt ratio of 89. 43 percent for 2011. When interpreting this outcome we must toy with to examine the data from two separate perspectives. From the perspective of a creditor, a high debt ratio allows for less cushion against losses in the import that liquidating occurs. This could discourage creditors from lendin g to the company due to the fact that it poses a great risk to the creditor. On the other hand, stockholders generally like to see a higher debt ration due to the fact that it magnifies the amount of return that they receive.Therefore, it would be wise for a company to maintain a debt ration which is fairly close to 50 percent due to the fact that it allows creditors to feel flourishing while satisfying the desires of the stockholders. Another ratio which provides valuable insight into a companys financial status is the Gross Profit Margin. When calculate this ratio we must first find the amount of sales, then figure this number by the cost of goods sold and divide this number by the amount of sales during that period. As we examine the financial data use our Gross Profit Margin formula, we find that Lockheed had a realise profit borderline of 10. 2 percent. This number tells us that Lockheed had a gross profit of 10. 2 percent per dollar of sales before any other expenses ar e deducted.When compared to rival aeronautical company Boeing, we find that Boeing had a gross profit margin that was 11. 9 percent higher than Lockheed. This suggests that Boeing is turning a higher profit margin than Lockheed and thus does not need to sell as untold product in order to generate the same amount of income as Lockheed. By having a lower profit margin than their competitor, Lockheed must have a higher amount of sells in order to keep their place within the market. The final ratio which we will examine is the Price per Earnings ratio or the P/E Ratio. By looking at this ration we are able to identify how ofttimes investors are willing to pay per dollar of reported profit.Looking at Lockheeds current price per share and earnings per share data we find that they are able to maintain a ratio of 28. 67. When viewing this data, we are able to conclude that Lockheed has a fairly strong growth perspective when other things are held constant. When we compare this number to the smaller rival Northrop Grumman and find that Lockheed has a P/E that is 19. 69 higher. When looking into the reasoning behind this difference, we can conclude that Northrop is regarded as being a much riskier company than Lockheed and thus could receive less support for creditors. This places Lockheed Martin at an advantageous position due to the fact that they are viewed as a more stable company.This allows them to control more of their respective market and in turn secures their market share for future years. Now that we have viewed the financial ratios of our company and have interpreted the data based upon Lockheeds market and past financial data, let us now look at the of import coefficient. When stockholders examine which companies they wish to invest in, they generally seek to invest in companies with the smallest amount of risk possible. In doing so, Stockholders greatly minimize the amount of risk that they themselves settle and in turn provides confidence within the market. However, we must have a way in order to evaluate the relative risk of a particular companies stock and for that we use the beta coefficient.In order to calculate the of import coefficient we will need two sets of data, the closing price for the stock we are examining and the closing prices for the index were using. As we look at the Beta value of . 98 for Lockheed Martin and compare it industry rival Boeings 1. 31 and Northrop Grummans 1. 08 we find that Lockheed has a lower Beat value than both of its major competitors. This suggests that Lockheed is a less risky company to invest in and thus could create greater capitol on hand(predicate) through the sale of stock for the company. In addition to drawing potential investors to the company, having a lower Beta value could cause creditors to be more willing to lend specie to the company.This would allow a greater possibility for Lockheeds future enlargement in the industry and could serve to propel them to the top of the Aeronautic market. If this were to occur, I forecast that the dividend structure within the company would increase due to the increase amount of wealth that the company is generating yearly. By having more funds open for allocation to stockholders, the company would be more willing to pass this added revenue to the stockholders thus promoting more investors to purchase stock. Upon examining the numerous financial data available on Lockheed Martin we are able to determine that the financial status of the company is sound. Lockheed Martin maintains a current ratio of 1. 5 percent which tells us that the company is able to cover the cost of their current liabilities 1. 15 times using their current assets. This tells us that the company does not have any questionable debt at the current time and therefore generates a profit at the end of all operating period. The second indicator of Lockheeds current and future success is their ability to turn over inventory. In our calculations we detect that Lockheed had an inventory turn over ratio of 19. 26 percent which told us that they were able roughly able to sell all of their products and restock at least 19. 26 times per year. When viewing this from a financial bandstand this figure is encouraging because it represents a steady profit within the company.The undermentioned ratio analysis performed, the debt ratio, informed us that the company had a debt ratio of 89. 43 percent. This high number could serve costly to the company if they ever need seek loans from creditors, but it does satisfy the shareholders by providing a higher amount of leverage. Another ratio that we analyzed for Lockheed Martin was the gross profit margin. After computing this ratio, we found that Lockheed had a gross profit margin of 10. 2 in 2011 which means than Lockheed earned retained 10. 2 percent of every dollar earned. The final ration analysis that we performed on Lockheeds financial statements was a profit per earnings ratio.After p erforming this ratio, we found that Lockheed had a better profit per earnings than its rivals thus reservation it a more delectable company to invest in. This could attract future investors and in turn create more profit for the company. From this analysis, I have concluded that Lockheed Martin could not cover up much more debt in the near future due to the fact that their debt ration is already considerably high. If the company were to take on much more debt, creditors would become unwilling to provide financial support for the company and the company could risk taking on more debt than their assets could cover. This would cause the general value of the company to fall and cause the Beat coefficient to ri se to a much higher level.In order to further improve the company from the position that it is in, I believe that the company should take steps to lower the debt ratio. This would cause the creditors to be more willing to invest in the company as well as keep the stockholders satisfied with the amount of leverage the company has. Also, by lowering the debt ratio, the companies eat coefficient would fall even further making the desire to invest in the company even higher. If Lockheed were to take this step, I believe that the companies stock would continue to rise and the company could in turn increase the amount of dividends that it provides. Bibliography 1. Free due south Filings Email Alerts second baseFilings. com. (n. d. ). Free SEC Filings Email Alerts SECFilings. com.Retrieved April 26, 2011, from http//secfilings. com/searchresultswide. aspx? TabIndex=2=7752072=convpdf=11373=%2fdefault. aspx%3fticker%3dLMT%26amp%3bformgroupid%3d1%26amp%3bauth%3d1 2. Free SEC Filings Email Alerts SECFilings. com. (n. d. ). Free SEC Filings Email Alerts SECFilings. com. Retrieved April 26, 2011, from http//secfilings. com/searchresultswide. aspx? TabIndex=2=7704986=convpdf=11757=%2fdefault. aspx%3fticker%3dBA%26amp%3bformgroupid%3d1%26amp%3bauth%3d1 3. Ehrhard t, M. C. , & Brigham, E. F. (2011). Corporate finance a focus onward motion (4th ed. ). Mason, OH South-Western Cengage Learning.

Ship Accidents

ABSTRACTSafety may be defined as an acceptable state of risk by society. In this respect, for assessing the current safety train of ships, it is necessary to quantify the risk take aim of the operating world fleet, thus estimate and assess the basic contributors to risk, viz. the frequency of maritime accidents and the extent of their consequences.As this paper deals with a organized analysis of ship accidents in recent years and evaluates the current level of safety for the majority of ship subtypes present in the world fleet, namely, tankers, intensity carriers, containerships passenger and cruise ships, passenger Ro-Ro burden vessels, Ro-Ro cargo ships, general cargo vessels, reefer ships, car carriers, fishing vessels, LNG and LPG carriers.IntroductionThe history of maritime lift is marked by ship accidents with partly foreboding(a) consequences on military man lives and impact on society and the marine environment. In response to these disastrous accidents, more and mor e new requirements and amendments of existing regulations for the safe maritime imparting were introduced by the International Maritime Organization (IMO), as this paper gives an overview of the world-wide safety level of all basic merchant ship types in terms of accidents occurrence, frequencies and consequences.For each ship type, accidents occurred within the time decimal point 1990-2012 atomic number 18 presented and analyzed with respect to the degree of accident severity, accident category and accidents geographical area, number of fatalities and total losses of ships. Furthermore, the total accident frequency and frequencies per principal(prenominal) accident categories are given as well as comparative degree results among the different ship types.The ultimate goal of this investigation is the assessment of the coitus safety level per ship type in order to grade those ship types that are more prone to marine accidents (per ship type), realistic historical trends, and geographical areas, where accidents more often happen. Frequencies and basic consequences were investigated for the entire period of interest (i.e. 2012), as well as separately for the last decennium of the studied period.The source of the analyzed accidental selective information is the IHS Sea-web database and the analysis pertains to the generic wine ship types as defined by the particular database namely, Bulk carriers, rider and Cruise ships, Passenger Ro-Ro cargo vessels, Ro-Ro cargo ships, General Cargo vessels, join ships, Car carriers, Fishing vessels, LNG and LPG carriers.The analysis of accident records was performed for the time period 1990-2012 we include those accidents associated with merchant passenger and cargo ships, regardless ship size, however create after 1980. Operational fleet at risk has been calculated from the Lloyds prove of Shipping database for all the afore-mentioned ship types.The output of the particular calculations was compared with correspond ing data from Clarksons SIN and a rather good fit of the respective results was recorded.The presented results link up to Cellular Containerships and Large Crude Oil tankers (greater than 60,000 DWT) are coming from 2 earlier completed research projects of NTUA, namely CONTIOPT (2011-2013) and SAFEDOR (2005-2009), as well as from internal NTUA research (Eliopoulou et al. 2012, 2013).

HB Fuller Company Essay

H.B. gas-filled Comp either is an operational company that deals with paints, adhesives, coating for manufactures and sealants that we find ourselves using day-by-day in our life. However, due to its activities mostly being underground or sooner that it deals with behind the scene activities and that most of its products we can only see the results not the actual product, most common people may not live on it or even have an idea that it exists.They would be surprised to know that it was founded back in 1987 and operates in around 34 countries in northeasterly the States. It had net revenue totaling to $1. 472 billion in 2006 a 2. 5 part increment from the previous year. The company is known to make a mint of profit though or so of its money ends up in the semipublic relation department in the dealing with cases concerning mucilage sniffing. It has over 3700 employees world-wide and at present, it reaches over 100 countries worldwide.It is operational and makes profit and was recently renowned its 120th anniversary and it has been ranked by the Forbes Magazine in its pLatinum 400 list of best big companies for two consecutive years. (www. hbfuller. com/ ab step up us) The company has Michele Volpi as the chairperson and the political boss Executive Officer, Fabrizio Corradini as fault President and master(prenominal) Strategy Officer, Kevin Gilligan as the wrong President, Asia Pacific, Timothy Keenan as evil President, public Counsel and Corporate Secretary, James C. McCreary, Jr. s the transgression President, Interim Chief Financial Officer and Controller, Monica Moretti as the iniquity President, Chief Marketing Officer, Jan Muller as the delinquency President, Europe, Ann Parriott as the Vice President, Human Resources, Cheryl Reinitz as the Vice President, Treasurer, Jay Scripter as the Vice President, North America and Ramon Tico as the Vice President, Latin America. (www. hbfuller. com/about us/ directors) Michele Volpi is the Pre sident and the Chief Executive Officer from December 2006 to present.He holds a B.A full stop and a know story in business administration variation Bacconi University in Italy. He is also a certified Six Sigma discolor Belt. He was the General Manager and conclave President, Global Adhesives Group from 2004 to November 2006. he has been the director of many other companies such Global SBU Manager, Polymer shapes Business Unit, General Electric Company, Huntersville. He has also worked in Italy and Spain. (www. hbfuller. com/about us/ directors) Fabrizio Corradini is the Vice President and Chief Strategy Officer.He holds an MBA from University of Chicago and a Masters of management science from Solvay Business School in Brussels in Belgium. He has worked with HB overflowing as the Vice President and Chief Strategy Officer form 2007 to present. He has also worked with Luxembourg, guidance Consultant, capital of Massachusetts Consulting Group, Italy, France, Germany, Spain (199 6-1998). (www. hbfuller. com/about us/ directors) Kevin Gilligan is the Vice President, Asia Pacific. He holds a B. S. E. , industrial engine room degree from the University of Michigan and an M.B. A. , marketing & operations from Indiana University, Bloomington. He has been working(a) with HB Fuller from 1994 to present at various positions as the Group vice president, General Manager, operational director, e-business director, product line carriage, plant manager and management rotational program. He has vast experience in incompatible fields and he has worked in Poland and Texas. (www. hbfuller. com/about us/ directors) Timothy Keenan is the Vice President, General Counsel and Corporate Secretary.He holds a B. A. economics degree from University of Notre Dame. He has worked in the H B Fuller since 2004 as the everyday and the deputy counsel and corporate Secretary. He has worked as the senior attorney and assistant secretary, International Multifoods Corp. , Minneapolis. (w ww. hbfuller. com/about us/ directors) James C. McCreary, Jr. is the Vice President, Chief Financial Officer Controller and Chief Financial Officer. He holds a business administration and accounting degree from Kent State University.He has also worked as the Administration, Product Manager and Controller Vice President of the Industrial Chemicals Division in Pittsburgh. (www. hbfuller. com/about us/ directors) H B Fuller is presented in a case where it is accused of using an in unhealthfulating substance that is used by a street boy in the case where the pass outs after inhaling the substance. It has been accused that it has caused a number of people to die and that most of them are the youth or rather teenagers who sniff the apparel paste.Earlier on, business ethics was viewed as the compliance of the legal stock and the adherence the internal regulations and rules. However as time went by, this rounded out to be a different case as the organizations has to consider the welf are of the goods and the services that they produce in their companies this would help them get the confidence and the pry of their customers. There is a high growth in demand for genial responsibility and companies are held accountable for the actions that come out of their products.Companies are producing door-to-door ethics management systems in their work so that they can be able to deal with the complex ethical issue that they may foregather in their day-to-day life from the places they market their products as some of them salute environmental risks. ( www. pangaea. org/street_children/latin/fuller) There is the Ethics Compliance Management agreement Standard (ECS2000) that is the guideline for organization and corporations which would like to conduct businesses in a trustworthy and reliable manner.It offers the all the required standards to a good hearty responsibility and is made available to most of the ethics research assure centers. It is through these codes or s tandards that H B Fuller was charged in the federal court for the case of the death of Honduras street children after they had sniffed the glue that was produced by the company. (www. pangaea. org/street_children/latin/fuller) On the part of the company, it wanted the case to be dismissed as it claimed that it has reformulated its products and the substance or rather the shoe glue no longer contains any serious intoxicant.It claims that it has replaced the sweet smelling toxic substance with a less intoxicated and not so gracious smelling brand. It claims that it has also increases the price of the product and it expects that children may have turn into the other brand. In addition, there had to be the government intervention, as the important issue with the children was the availability of the chemical to these. Though the company has made a lot of profit from the sale of glue, executives claim that the issues relating to the public relation has outweighed the profits.Fuller also decided to pull out of the market as some of its resolution. It decided to pull some of its products such as the Resistol to see to it whether it leave alone have an government issue to the abuse by the children. However, this had very little effect and they decided to pull back as it did not have any effect. They resolved to be selling the products to companies and not to individuals. They also claimed that the issue of the ominous market was the one responsible for the tragic abuse of the children Central America. (www. pangaea. org/street_children/latin/fuller)Fuller also came up with a new provision for the ginmill of the use of its substances. It came up with an advertising slogan We work chemistry in to answers. This would help the notion in the people that the glue has been intoxicated and that it is the cleanup people. Among those that are involved in the case was Linares lawyer who filed a case after her brother died of inhaling toxic glue as they called it. and so there is the involvement of the government that had to protect the Fuller Company in the cases that it was accused in most of those third world countries.Also in the case were the human rights advocates who fought for the cases of the children who majority of them were intoxicated and all that they wanted was rightness be done for them. (www. business-humanrights. org/Links/Repository) According to Ethics Compliance Management System Standard (ECS2000), a company is supposed to be responsible of all the activities and the outcome of all its products and it should take the required measures to correct the problem. In case the company is sued for a poor product or a hazardous product, it is supposed to take full repercussion for the poor product. (Malachowski 2001, 10)

Is It Out Right to Deny a Right?

Jensen 1 Ellie Jensen Dr. Rubina Khan English 121 8 July 2012 Is it Our flop to Deny a Right? On may 17, 2004, Marcia Hams and Susan Shepherd became the outgrowth same-sex couple to accomplish a republic-sanctioned uniting in the United States, according to Time Magazines article, A Brief explanation of Gay Marriage. Gay marriage was first brought to national attention in 1993, when a judge in Hawaii ruled that a same-sex couple was non permitted to get married on account of the nations constitution.The ruling of the judge persuaded Congress to create the 1996 refutation of Marriage Act, which prevented homosexual couples from receiving benefits tradition altogethery granted by marriage. Since then, states halt see their own viewpoint on the issue. However, same-sex marriage flows to remain punish adequate in 44 states at the present time (Sullivan 1). the States has back up catch rightfulnesss since the nineteenth century, including the separation between contrasting races and genders, however, America is facing the ongoing battle of samesex marriage.According to Connecticut Posts article, Same-sex marriage A Constitutional Right, only 6 states allow same-sex marriage in America at the present time. The Constitution exists to provide structure for the wide-cut country and its citizens. It protects certain rights, ensures state rectitudes do non violate them, and forms a fair government. In the past, the Supreme Court has verified 14 times that all citizens have the right to get married. Nevertheless, 44 states deny citizens their right to marry someone of the same-sex due to the situation that it violates religiousJensen 2 morality, weakens the definition and appraise for the institution of marriage, and it weakens the traditional family values that America has. Despite that, all law banning same-sex marriage exploits the privileges of the citizens and denies people equal rights under the protection of the law. Although the popular vote is necessary in some cases, citizens should not be able to take away the freedom of speech and expression from other individuals that have different opinions and interests (Benedosso 1).During the recording of The View, President Barack Obama announced, I want everyone interact fairly in this country. We have never gone wrong when weve elongate rights and responsibilities to everybody. That doesnt weaken families, that strengthens families (Killough 1). Furthermore, same-sex spouses pay as much as $6,000 per course of study in extra taxes since the government refuses to recognize gay marriage, according to subscriber line News Networks article, Same-Sex Spouses Lose Big On Taxes.Due to the fact that same-sex couples be not allowed to file their federal returns jointly, they do not gather up tax benefits in the same manner as heterosexual couples do (Benedosso 1). Its costing these families thousands of dollars a year, as well as the ablaze pain and suffering, said Ken Weisse nberg, a partner at the bill firm, EisnerAmper. In addition, same-sex couples are not permitted to inherit a shared home, assets, or personal items in the absence of a will after an unanticipated death (Ellis 1).They are also not allowed to assist their spouse in remunerative off their debt, take medical leave to care for a sick spouse or for their kids, cover their families on their health plans without paying taxes on the coverage, nor eligible for Medicare and Medicaid coverage, and many employers do not cover domesticated partners or their biological or non-biological children in their health insurance plans (Bernard 2). On top of that, same-sex couples can be denied or disfavored inJensen 3 their applications for public housing, denied the machine-driven right to joint parenting, joint adoption, joint foster care, and visitation for non-biological parents, and denied masturbation rights and protective tax treatment given to spouses with regard to IRAs and other retiremen t plans (Bernard 3). According to Cable News Networks article, Denied Divorce some same-sex couples wed-locked, several states in America do not grant divorces for same-sex marriages that occurred impertinent of the states borders.Same-sex couples can currently marry in half a dozen states. There is no residency requirement to get married in those states, which is how many same-sex couples are able to get married in the first place. However, if a marriage was to fall apart in a state that does not recognize the couples legal status, they will not be able to dissolve their marriage. In order to get a divorce from a same-sex partner, they would have to live in a state for six months to two years, said Susan Sommer, director of constitutional litigation at Lambda Legal (Landau 1).Since several states in America do not allow same-sex marriages, many people do not understand wherefore states are not willing to dissolve these marriages (Landau 4). As Obama announced in Cable News Net works article, Obama Calls For Marriage Equality, all citizens should be treated equally in America. However, as shown in this paragraph, same-sex couples are not receiving the same rights as other citizens that marry the opposite sex. America has always expressed itself as a free and equal country.Nevertheless, same-sex couples proceed to travel around the country to marry the individual that they desire to neglect the rest of their lives with. As the 14th Amendment declares, No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States nor shall any State deprive any person of life, liberty, or property, without due execute of law nor deny to Jensen 4 any person within its legal power the equal protection of the laws.Any law banning same-sex marriage exploits the privileges of the citizens and denies people equal rights under the protection of the law (Benedosso 1). Jensen 5 Works Cited Benedosso, Michael. Same-sex Marri age A Constitutional Right. Ctpost. com. Hearst Communications, 12 Aug. 2010. Web. 25 June 2012. . Bernard, Tara Siegel. The High Price of Being a Gay Couple. Nytimes. com. New York Times, 2 Oct. 2009. Web. 26 June 2012. . Ellis, Blake. Same-sex Spouses Lose Big on Taxes. CNN. com. Cable News Network, 31 Dec. 2011. Web. 25 June 2012. . Killough, Ashley. Obama Calls for Marriage Equality, Says I necessitate Everyone Treated Fairly CNN. com. Cable News Network, 14 May 2012. Web. 25 June 2012. . Landau, Elizabeth. Denied Divorce, nearly Same-sex Couples wed-locked CNN. com. Cable News Network, 7 June 2012. Web. 25 June 2012. . Sullivan, Justin. A Brief History Of Gay Marriage. Time. com. Cable News Network, 22 May 2008. Web. 25 May 2012. .

Common Reading Reaction Paper

Its greens knowledge that there will be m either people to be encountered in life that you can bring up to in star modal value or an different. I find myself relating to Mishna Wolff from Im Down in mevery ways. From sharing very similar adjudge gots to having almost identical disposition traits, I can without a doubt identify with Mishna. Its inevitable maculation youre gro profitg up and learning new things in school, you attach yourself to other individuals with similar interests or and share some sort of chemistry. In other words, your best friend or BFF as others would like to squ totally them.Ive continuously had a best friend, eve from an early age (3 years-old to be exact). It just so happens that my first best friend was African-American. I never saw myself different from her, where being white or black had no importance in my mind. There were many times where Id spend the night at her house, and her family would be over. Id never felt more out of place. The jaz zy and rowdy conversations, the slang Id never heard, and just the atmosphere was totally different. This is where I feel I can relate to Mishna, when she began capping with the neighborhood kids to fit in.I had always felt the need to change how I spoke and behaved around her family. I had never felt more out of place. In addition to fitting in, Mishna had also joined many different dramas to please her male parent and win back (or an equal amount) of favoritism. I can also identify with this experience as well. All throughout my childhood I had hopped from one sport to another, from taking agonizing bal permit classes, swimming, soccer, and finally cheer-leading. At first I started involved myself in them because I wanted to try something new alone it ended up being because I was competing for attention from my younger blood brother.My brother had been playing baseball since he was six years old. My mother and father, and even some of my extended family would never fail to w atch every bingle one of his games. My father would emerge himself in my brothers baseball practice, spending hours outside coaching him and some of his teammates. With all this attention spent on my brother and his baseball, I had always felt left out. My parents would drop me off at my own practice and neither one of them involved themselves in any sport I was in. Mishna is pictured in the book to be, for the most part, passably easy-going and doesnt let too many things bother her.When her father says something outrageous or just plain unfair, she resorts to keeping everything to herself. I can also relate to her in this way. There are many times when someone says something I disagree with and Im able to just shrug it off and not let it affect me. However, there are many things Mishna did that I dont see eye-to-eye with. When Mishnas father told a group of people right in front of her that Anora was his fille and just let it slide like that, see, I wouldnt let that go as easil y. To me, thats something extremely disturbing to hear, seeing as your father is suppose to love you unconditionally.Had it been my next to the stairs eavesdropping on that conversation, I wouldnt have persuasion it over twice to call my mother and go live with her. Moreover, if I was Mishna, I wouldnt have let Anora get away with everything. The unfairness is just incomprehensible and I would never allow it to go as removed as it did. If my younger sibling did things that were inappropriate or was doing something wrong and one of my parents just shrugged it off like Mishnas father did, I would have utter something or acted in the same manner as Anora until everything was justified.Had Mishna done something virtually it, I dont think things wouldnt have gotten as bad as they did regarding her sister. Ultimately, Mishna and I are very alike in the things we think and do. I have been able to relate to almost every experience she shared with us in Im Down, from the problems of fit ting in to the problems with her father. I feel that all these things make us the person we are today, and for that, we shouldnt be ashamed of any of it. Mishna writing this book just shouts to be proud of who you are and where you arrive from.

Marilynne Robinson’s Housekeeping

In Housekeeping (1980), Marilyn Robinson provides a genius of women and the space and the municipal constraints of society. The horizontal surface crosses several generations of women and their lives in a single provide in a townsfolks passel named Fingerb unmatched.Ruthie is the main protagonist. She is a young woman who grew up in a theater of operationshold of women, beginning with her grandmother, then her great aunts, her aunt, and her exclusively sister. barely the mansion in which they were all trapped in unity modal value or another was create by and for a man. He was a child of the plains who longed for the mountains, and the site of the house was his dream, not theirs. The isolation of the house physically paralleled the worked up isolation of all the characters.Indeed, the tone of the narration by Ruthie is emotionally flat. Despite the level of tragedy which is continually visited on the family, the run-in and the flavor of the conversation is highly unemotion al and detached. From the perspective of turn ining an Copernican characteristic of the narrator, her lack of emotion in general, it is rather a windy effect for the reader. It keeps the protagonist distanced from the very audience which should be sympathetic to her.The story is a simple batchward progression. Ruthie and her sister Louise came to live in the house after first her grandfather died in a train smash which pitched the train into a local lake, then her mother move suicide after dropping the girls off with their grandmother. No reason for this effect is given, nor do the characters seem to particularly care. Five years later, their grandmother, who had little emotional connection with the girls also died, leaving her two older sisters-in-law in charge. They evenly had no idea what to do with young girls.The first intrusion on the blandness of biography was the return of Sylvie, Ruthies mothers sister who was itinerant and mysterious. Certainly the aunts did not a pprove of her. But she was a convenience, for when she came the aunts were free to go home and bestow matters entirely in her hands. Sylvie is the first person in the novel to show any emotion, and she does show love toward the girls.Sylvie is the breath of fresh air in an otherwise stagnant world. But it quickly becomes apparent that she will believably not stay forever. Lucille is a child who is likely to stay put, scarce Ruthie responds to Sylvies suppressed wanderlust. At last they have a source of reading ab appear their mother, ab knocked out(p) the larger world. Sylvie was the opposite of the oppressive atmosphere of the town and the house. Both closed in on a person, making them small. But Sylvie had broken away before, and neither the town nor the house had any really power over her.When spring came shortly after Sylvies arrival, the town flooded, over again cutting the three of them off from other human company and stranding them in the house. With this development, the girls find that they are becoming dependent on Sylvie and for the first cartridge holder learn that they have something to fear in being separated from her by the state. As always, thither is a sense of loss, of the fear of abandonment.The reaction by the local townspeople to the women revealed much of the character of the family and of themselves. Robinson describes them as standoffish, knowing scarcely anyone in town. They were self sufficient to themselves, and the house was a symbol of this. It was built alone on a hill so that it did not endure as the rest of the town did in times of flood. The townspeople came and do sure they were all right and then left to put the town back in order unaided by Ruthie, Sylvie and Lucille.The primary kindly contact for the girls was the school they attended. But even there, they were isolated. Because of some unpleasantness for Lucille in which she was criminate of cheating, some(prenominal) girls played hookey for an extended perio d of time. It was while they were hiding out that they saw Sylvie try to walk across the narrow, dangerous railroad bridge that spanned the lake. This was the same bridge where the train derailment which killed their grandfather occurred. As a result, both girls were very fearful of the loss they faced if something happened to her.It is at this point that housework comes into the plot. Sylvie talked a lot about it and even did some. But she was very font about the meals she prepared and the cleaning that she did. Lucille was not content with Sylvie, but Ruthie was for Ruthie was a kindred spirit. Lucille began to turn her attention to the town and the more(prenominal) conventional carriage it held out. By summer, it was clear that Lucilles loyalties lay elsewhere.But for the summer they both stayed out of the house most of the time and hid in the woods. Lucille increasingly found things to loathe about Sylvie, especially her housekeeping which was erratic. She offended Lucille s sense of propriety. By implication, Ruthie lacked one for she and Sylvie seemed to be similar in tastes and goals, or rather lack of goals. Essentially, Sylvie was a transient in the settled world, and Lucille was one who would voluntarily stay put.With time, the girls began to separate, and there arose an us versus them mentality, with us being Ruthie and Sylvie. Lucille invented a mother who was a precise housekeeper and a traditional mother. Ruthie had no such illusions, nor did she care. With time, the house under Sylvies guidance became increasingly more disheveled, and full of papers and other rubbish. Ruthie adapted and was loose with it, as was Sylvie, but Lucille moved out to pursue a more normal life.The climactic series of events which ended up tearing the family by truly was Ruthies joining Sylvie in an over night jaunt which started with a stolen jack salmon for a chance to look at the train submerged in the lake holding her grandfathers remains and the eventual ride back into town on a freight train. That set the ladies of the town to trying to see that Ruthie did not herself succumb to being a transient. Under the threat of having the state maintain Ruthie from Sylvie, both decided to flee together. They first tried to burn down the house, but it did not burn. They escaped by walking at night across the railroad bridge, and were subsequently presumed dead. For the rest of their lives they wandered from place to place, rootless. Ruthie took up the life that Sylvie led, and both drifted around, never seeing Lucille again.There is a great sense of loss and sadness in this book. There is little in the way of close human connection, sympathy, or love. Overall, it is both ghostly and depressing. However, its strength is in the perceptive description of people and places. Robinson is especially vivid with the sense of place, whether of the house or the place in Seattle where the girls lived with their mother before coming to Fingerbone. Her des criptions of people were clear portraits that told as much of their character as their appearance. What the book lacked emotionally was made up in the artistry of the language.