...Cliffs Natural Resources Inc. In this paper we examine the dynamics of cross-listing, particularly US companies that cross-list in the NYSE Euronext equity-based exchange. We look at the number of US firms cross-listed in this exchange and then study one of these companies specifically, Cliffs Natural Resources, Inc. In addition, we explore the importance of cross-listing in NYSE Euronext as well as: the benefits, costs and requirements of fast path cross-listing and the trading volumes of the shares transacted in the exchange. The foundation of our case study is based on Cliffs Natural Resources Inc. (CLF), an international mining and natural resources company headquartered in Cleveland, Ohio. Formerly known as Cleveland-Cliffs Inc., the company was founded in 1847 (Yahoo Finance). CLF is North America’s larger supplier of iron ore. The Company produces iron ore pellets and metallurgical coal. CLF operates in four segments: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal and Asia Pacific Iron Ore. In the United States, it operates five iron ore mines in Michigan and Minnesota, five metallurgical coal mines located in West Virginia and Alabama and one thermal coal mine located in West Virginia. It also operates two iron ore mines in Eastern Canada that primarily provide iron ore to the seaborne market for Asian steel producers (NYSE Euronext). As part of their growth strategy and due to its largely increased presence in the international market, CLF decided...
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...Humanity Knowingly Crashing the Planets Natural Resources Progress is defined as a forward or onward movement towards a goal or destination. The film “Surviving Progress” explains the progress humanity as a whole has made and the progress we continue to make. Filmmakers Mathieu Roy and Harold Crooks show how much progress humans are making and how we have become into a progress trap with too much progress eventually leading to disaster and dead ends. No matter what humanity is always making progress in our civilization, economy, technology, and more; only problem, we’re making progress non-stop creating an eventual crash and destruction of Earth’s natural resources. Ronald White argues that humanity is in what he calls a “progress trap” which he explains “I came up with the term progress trap to define human behaviors that sort of seem to be good things, seem to be, to provide benefits in the short-term, but which ultimately lead to disaster, because they’re unsustainable.” Humanity as a whole has reached what is considered a “progress trap” many times already and is in the process of falling into deeper “progress traps” than ever with technology and our economics. In the past, as an example given by Ronald White, Hunting turned into a dead end when our ancestors were hunting to make their living. They went from killing one mammoth at a time and struggling to do so, to killing a whole heard of mammoths by running them over a cliff. This pushed them into a “progress trap”....
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...by the Kava government along with its willingness to accept assistance, the willingness of organizations to help with construction as well as meeting conservation concerns, and citizens abilities along with its willingness to assist in construction. CEO Jonathan Reckford, the board of directors, and key staff members will have to be in agreement about continual need to remain in Kava. Another consideration is if there are available resources to do the construction, to run the tools to complete the construction, and to operate on a day-to-day basis. Habitat for Humanity needs to consider also if there are enough translators that speak the indigenous languages of the South Pacific tribes, Asian (Chinese primarily), African, French, and Spanish. Habitat for Humanity needs to make sure that economic interests have a way to be shipped and can be transported out. Another huge factor affecting Habitat for Humanity’s decision would be the safety of everyone involved. The medical and safety risks to staff and the community need to be addressed. The natural disasters risk to the community and staff. The last factor is to attract tourists back to Kava. * Not only has Kava’s government been willing to have assistance from Habitat for Humanity but also they have opened their arms, are hopeful for future endeavors due to Habitat’s willingness to be conservative, and because of Habitat for Humanity’s quick response with the Disaster Response Team. Habitat for Humanity is looking forward...
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...chance to contribute positively to society I could make a difference in people’s lives, emphasis on social and environmental responsibility, and active in promoting equal rights for all. Well Resourced; I like a well-designed and comfortable work place, and I utilize necessary resources to do high standard work. Team Work Culture; enjoy working in a close knit team, have lots of interdependence, friendly and supportive colleagues, and cooperative and sharing atmosphere. After exploring the resource in the Phoenix Career Services I realized there are a lot of resources that believe might actually be very useful like the Interviewing link where you can go and they have help with conducting pre-interview research, preparing for your first interview, how to answer common interview questions. Which I think I will really explore that link, beings interviews seem to be the toughest part about job searching for myself. I think the resources in the Phoenix Career Services are wonderful resources for students to follow their career choices and with the extra help with certain areas of job searching can make it easier to obtain employment in a new career. I know that I will definitely be exploring the resources more and utilizing them as much as I possibly can. The Work Culture Preferences I think are similar to the Personal Competencies Assessment from week two in the way that they both relate to the fact that I am the type of person who strives to help people and maintain...
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...of instructor: Douglas Kennedy Date: November 26, 2012 Table of Contents INTRODUCTION........................................................................................................................ 2 NONMARKET ENVIRONMENT.............................................................................................. 2 ISSUES ......................................................................................................................................3 INTERESTS ..............................................................................................................................3 The Agrium Board...............................................................................................................4 Natural Resources Conservation Board (NRCB) ...............................................................4 Northeast Strathcona County Residents Group (NSCRG)................................................. 4 Sturgeon County Residents (SCR)...................................................................................... 5 INSTITUTIONS .......................................................................................................................5 Alberta Environment.......................................................................................................... 5 Alberta Health and Wellness (AH&W).............................................................................. 6 Capital Health Authority (CHA).......................
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...It is crucial for the Philippine government to adopt and implement strict environmental protection policies in the country. Why? The Philippines is a land of rich natural resources. It has fertile lands, diverse flora and fauna, extensive coastlines, and rich mineral deposits. All of which has helped the nation satisfy present material needs, address pervasive poverty, acquire higher incomes, and achieve economic prosperity. However, as the population grows, these natural resources have been overused or degraded as individuals become more concerned with personal interests and development. The government therefore has introduced policies that aim to manage, protect and conserve the country’s environment and natural resources for the enjoyment of present and future generations. Have these policies been effective? To some extent yes, but its full objectives have yet to be realized. A good example would be the imposition of a logging ban on many areas of the country and only allowed “sustainable logging” in select areas. However, illegal logging and small-scale illegal mining continued in many areas. Another example would be the requirement to secure permits prior to conducting mining activities. About 30% of the land area of the country was determined to be geologically prospective, and yet mining permits covered only 1.5% of country’s land area. These prompted therefore the implementation of stringent environmental protection policies in the country. In 2011, for instance...
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...this online school that I am in right now! There are sooo many resource that I can work with to make my life easier! The number one resource that I love is called The center for writing excellence. This baby rocks!!! It make writing virtually easy as pie! It has programs that creates citations, checks plagerism and so much more! nI think this is the program that I will use the most! Another program is called the center for Mathematic excellence. I am not very familiar with this program yet, but as I play with it becomes easier. It gives me tutorials on various math problems and also videos that are very imformative. The last resourse is the university library. This is not just an ordinary library. This is another easy way to find article and refernces for research. It is set up like google where all you have to do is type in the keyword and it bring up lots of resources for you. Academic toned email: Dear John, I, along with you and other classmate, am so appreciative of all the resources that University of Phoenix has to offer. Most students do not have opportunity to access resources like the University Library, The Center for Writing Excellence as well as the Center for Mathematics Excellence. I feel that the resource I will utilize the most will be the Center for Writing Excellence. I have always been a avid writer, but I lacked some skills that weakened my writing skills. I am grateful that this resource allows me to check common errors, plagiarism, as well as create...
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...1. The willingness to pay is the value that the consumer puts on the good. Every person puts a different value on everything from material things to natural resources. Having money and being able to pay for goods plays a big part in a person willingness to pay. Willingness to pay relates to demand in the way that there is a market curve for the goods that an individual is willing to pay for the goods. First you start with a high price on the good and see how many buyers will be willing to pay for that good at that price. Then you lower the price and see what happens with the consumers. Doing this you can follow the trends and see what price a good is at when a consumer’s willingness to pay is at its peak. Every consumer has a different demand curve and it depends on their wealth and what they can afford to see their willingness to pay. (Field and Field 2009) 2. There are many things to consider when it comes to the cost of manufacturing a product. To determine to cost of manufacturing you need to know the costs required for the business, in production, the cost of selling a product to determine the price and when the product is sold, was there a profit or loss. The cost of manufacturing a good include the costs of materials, equipment, labor, materials for packaging, electricity and water, transportation, promotion and advertising, management and coordination and depreciation of fixed assets. (FAO) Things to consider when producing a plastic product would be what the plastic...
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...As a species on the planet we have so far shown little regard for the environment that sustains us. The use and misuse of our land creates devastating results for entire species of plant and animal life. One main aspect of this challenge is that of urbanization. As our cities become larger and our population grows we are faced with the challenge of having adequate living space for the human population while maintaining a balance of the natural habitat for wildlife. With the growing number of humans inhabiting the planet, we will be forced to pursue other means of sustainability to the environment. Taking another look at urbanization and making the best use of the land we have is going to become a major concern in the near future. There are many current approaches being in use to help with this issue. We will need many more efforts to make sure that we do not do further damage to our planet. We need the planets natural resources to survive. We more we encroach on the ecosystems of plants and animals that we depend upon for live and sustenance the harder it will be to overcome problems we create in these ecosystems. One approach that is being used in city planning is compact development. Populations often migrate to urban communities in search of employment. To accommodate the influx of people, communities are using compact development. This is the practice of developing housing close to transportation sources, employment, and social services. With compact...
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...The conclusion of Team B is that a renewable resource is one that can be replenished in a short amount of time, and a nonrenewable resource is one that cannot be produced at the same rate in which it is being consumed. Some examples of renewable resources are wind, solar and water. These resources are seen by the team as the more preferred resources to be used. Along with being able to be reproduced at a faster rate, these resources are also less destructive to the environment in the way of greenhouse gases and pollution. Wind turbines and solar panels are used quite frequently, and while they are still in the beginning stages of their production, they are seen as promising energy sources that, we believe, should be implemented. Our team feels that this nation should take the lead in researching new energy resources and becoming more eco-friendly, while at the same time, creating new jobs in the process of bringing these resources to good use. The team also discussed that it would be beneficial for certain areas to install different resources, such as wind turbines and solar panels, depending on which area gets either more wind or sunlight. That way, these tools are being used to harbor as much energy as possible, and no land or tool is being unproductive and idle. Some examples of non-renewable resources are fossil fuels, such as natural gas and coal. These resources, while they have served their purpose over the years, have proven to be caustic of pollution, air, water...
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...Everywhere in the world, the issue of climate change presents an archetypal environmental problem. Communities often fight governments, both at the state and national levels in a bid to protect the environment they have known for ages. Governments, on the other hand, protect these natural settings by formulating laws and policies that ensure the society does not lose its treasures[1]. However, some seek to use the protected spaces as a means of developing projects that will provide the state or nation with more resources, revenues and products. These may be good developmental projects, but they ought to protect the environment first before they can sell such ideas to a conservative society. As in all other nations, Australia has also been engulfed in a fight to save the environment as the government looks at creating developmental projects that will necessary block any advantages that the local community has enjoyed since time immemorial[2]. By seeking to repeal at least 60% of protection that the New South Wales Far North Coast’s forests, wetlands and wildlife habitant, the government is slowly seeking to destroy the local community. Conservatives will agree that the best way of protecting the environment is by setting aside a portion of some indigenous scenery and protect it from encroachment[3]. However, encroachment is still a biting problem and the recent statements by the authorities only heighten the environmental issues at hand. Legal processes and issues have arisen with...
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...enough to achieve over people, let alone trying to control the physical environment (Thomas 2007, p.7). Another fundamental issue for policy-makers is the direction of the policy. In particular they have to consider whether they are attempting to prevent environmental impacts that result from human action, or whether they are attempting to adapt to such changes, consciously or unconsciously (Thomas 2007, p.8). Natural Resources Natural resources have been critical for human welfare since people first started to walk the earth several million years ago (Field 2005 p.27). Natural resource economics is the study of how the flow of goods and services derived from natural resources is, and should be, managed in today’s world (Field 2005 p.37). Field continues to state that resource management problems derive from the underlying technological, institutional and cultural factors that characterise the economy (2005, p.37). Given the information concerning environmental policy and the importance of natural resources to human welfare and, the fact that our natural resources are under threat not just for today’s generation but for future generations. This paper will now discuss one of the essential elements of life...
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...Natural Physical Environment Sustainability Issues Environmental Approach In 2009, Disney instituted long term goals to reduce their negative impact on the environment which they hoped would help them inspire their employees, business partners, and their customers to take into consideration the different aspects the Disney Corporation’s direct effect on the environment. With natural resources dwindling and imminent threats to the ecosystems the environmental issues have become more and more important. The current issues effect the decisions that businesses need to make when using resources and this is especially true for Disney. For example, Disney’s huge entertainment parks require large plots of land and their cruise lines require an immense amount of fuel. To identify and alleviate the environmental concerns Disney established Our Environmental Council, which is made up of high ranking business leaders that they currently employ. The goal of this new council is to find the best strategies for all of their environmental concerns. http://corporate.disney.go.com/citizenship2010/environment/overview/ourapproach/ Climate and Energy Goals Disney is committed to achieving maximum environmental efficiency in all aspects of their businesses. Everything from switching to ecofriendly light bulbs at Disneyland to figuring out a more cost effective way to implement the use of steam and flame at the Disneyland Hong Kong attractions. Their long term goals and current targets...
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...situation regarding our environment and health welfare, it is indeed clear and unarguable that except nobody, we all must be concerned. The interconnections among all living and non-living elements in this planet satisfactorily satisfies the question “Why should I be concerned with the environment and health of other people?” Basically, people can leave with a poor and unhealthy environment, but believe me or not, they’ll die young; or should I say, WE’LL die young. Because in the context of today’s environmental and health situations, we undisputedly have unsatisfactory conditions of these. According to studies, about 50% of our forest lands have already been converted into commercial, residential, industrial and other purposes. Coastal resources have been suffering from the vast effects of Climate Change. I tell you, this isn’t a joke. Environmental issue is never a joke, because it can compromise huge things such as human lives. Millions of people die every year because of storms and typhoons. This can be accounted to the unstoppable flooding due to the deforestations that took huge number of trees in the mountains; resulting to the direct flow of water from mountain ridges to lowlands. Many people suffer from hunger because of continuously low catch of fish from the sea. This can be attributed to illegal fishing practices such as cyanide and dynamite fishing, which turns out to destroy the coral reefs and seagrass beds where these fishes supposed to live. For the welfare of...
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...Case Study 1 – Debating the Merits of Globalisation Q1.) After studying the case study, it is clear that there are a number of drawbacks to globalisation. Hill (2014), describes globalisation as the merging of historically distinct and separate national markets into one huge ‘global marketplace’. Firstly, the case study argues that globalisation has had detrimental effects on the natural environment. An increase in transport between countries due to international trade has resulted in increased CO2 emissions. Huwart et al (2013) argues that the aeroplane has been the main mode of transport to characterise globalisation, seeing an increase in greenhouse gas emissions by 86% between 1990 and 2004 due to aviation. However, globalisation is not only effecting the natural environment, it’s also using up it’s finite resources more quickly. For example, China joined the world trade organisation in December 2001. By 2008, it’s coal use had doubled (Tverberg, 2013). The next drawbacks according to the case study are: local job losses (leading to devastation in local economies), exploited workers in LEDC’s and child labour. Globalisation transfers jobs from developed countries to less developed countries – known as offshoring. Cavusgil et al (2013:76) defines offshoring as “the relocation of manufacturing and other value-chain activities to cost effective locations abroad.” E.g. In the US, the % of US citizens with jobs began to drop around roughly the same time China joined the WTO...
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