...with the commission and they were first employers of TSC before coming members of the union.Which has led to 5000 teachers to face discplinary action over the strike. Mombasa Port:The saga sorrounding the Norwegian ship held at the Mombasa port took yet another twist after the dicovery of 34 sophisticated american riffles.This came only a day after a white substance was found stashed in some United Nations(UN) trucks destined for the Democratic Republic of Congo. - Derived from Standard Digital media 2. a) Define media (2mks) . media are materials that hold data in anyform or that allows data to pass through them including paper,optical desks etc derived from Wikipedia. b) Differiantiate between Print and Broadcast media. (8mks) print media is a medium that disseminates printed matter e.g magazines while broadcas’ t media is amedium that broadcasts the signals getting to the listener or viewer.it may come over the air as with radio station or tv station to an antenna and radio receiver.. - Derived from google 3. Write a commentary on the ongoing teachers strike. (10mks) (300 words) The TSC warned teachers that they had individual contracts with the commission and the first employers of the TSC before they are members of the union which has led to 5000 teachers to face discplinary action over the strike. The Ministry of Education has supported the TSCs move to take discplinary actions against the 5000 striking teachers while the Cabinet secretary Prof...
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...Chief Steward---Absenteeism---Discharge Peter Frost is a 52 year old maintenance mechanic with 25 years service in a construction materials plant in western Mississauga. He originally completed his mechanic apprenticeship in England. Peter is known as a likeable, fairly knowledgeable, technically competent tradesman, with a pro-union stance and enough leadership skills to have been chosen chief steward by his fellow union members 8 years ago. He is viewed by the company as someone to fear because he orchestrated and lead a successful illegal strike four years ago in a dispute over vacation pay. The strike cost the company over a million dollars in lost productivity. Unfortunately Peter doesn’t seem to want to come to work, and when he does he is often late. Over the past four years, Peter has missed over 100 shifts due to absenteeism, and he was late an additional 53 times. The records also show that on at least 25 occasions Peter not only missed his shift but, but he didn’t advise his supervisor that he would be absent. Absenteeism in the plant averages six shifts a year. The company has noticed a significant deterioration in Peter’s performance over the past four years and it is getting progressively worse. There seems to be a pattern of Monday and Friday absences and there are strong and persistent rumours from other employees and supervisors that Peter’s breath smells of alcohol on a regular basis. When Peter is at work, his mood swings are totally unpredictable...
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...Kusanku no Sai 0° true is center facing forward . = stage left = stage right = face rear. Retract(ed) = sai pointing to elbow. Punch with butt. Pointed = sai pointing outward. Stab or slash with point. Bold = Kiai. 1. Musubi dachi - Sais are retracted– rei, bring sais to chest crossing. Double punch block downwards coming into Heiko dachi. 2. Step LT 45° Zenkutsu dachi, Mawashi uke High LT low RT towards 0° true . Step RT 90° Zenkutsu dachi – Mawashi uke- high RT low LT towards center . 3. Strike LT head 0° true , retract & block downwards LT. Stomp LT foot then punch RT pivoting feet 90° LT into Zenkutsu Dachi. 4. Strike RT head 0° true , retract & block downwards RT. Stomp LT foot then punch LT pivoting feet 90° RT into Zenkutsu Dachi. 5. Strike LT head 0° true , retract & block downwards LT. Turning 180° RT , draw RT foot back Neko Ashi dachi RT over LT then step RT Seisan striking RT towards head. 6. Step LT 180° Hanmi slashing pointed LT (LT under pointed RT). Step RT Hanmi slashing RT under LT (LT remains stationary). Repeat LT. Step RT Hanmi stabbing RT at SP chambering pointed LT. 7. Pivot LT 180° on RT foot in Seisan, stab LT. Step forward into 45° LT Seisan angled. Stab RT at SP towards rear . 8. Turn LT 180° in Kake Ashi (or Kosa?) Dachi (LT forward). Rotate hips blocking high LT, follow through striking high RT (LT remains high to rear, martini glass configuration). Then continuing turning 180° LT come down on RT knee, slash LT chambering RT. 9. Rise to Seisan. Stab...
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...Texas Gulf Sulphur and Insider Trading Texas Gulf Sulphur is a company large mining company. In 1957, it was the world’s largest provider of sulphur. In the same year, TGS began an exploration plan to study area named the Canadian Shield. This was a mineral-rich zone. Six years later, TGS began drilling several test sites. TGS was optimistic about the area after the laboratory analysis. As a result, the company created a plan to acquire the land in the Canadian Shield known as Kidd 55. The company desired to control rumors about the acquisition of the land. In November 1963, the president of TGS instructed that the members of the exploration group to must keep the information confidential. Later that year, the company performed a more comprehensive investigation the core from the first tests. The results from this investigation were said to be “remarkable.” In March 1964, TGS successfully acquired the land, and the company chose to continue test drilling to create a more accurate estimation of the size of the discovery. The drilling proved that numerous test points had high quality ore at attractive depths. However, the tests did not give an estimate to the widths of the drill spots. The company continued to test the zone. By April 7th, the test revealed that the area could contain enough ore that commercial drilling could exist. On April 10th, two additional test holes were drilled that revealed a substantial discovery of copper. On April 11th, rumors began to surface...
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...Performance Management Driver Compensation: Uber does not offer their driver’s any compensation or incentive to improve performance. Their competitor lyft offers drivers who sign up and give 50 ride’s within 30 days can receive a anywhere from $50-$750 bonus dependent on which city you are driving in. Uber has also cut their rates which is starting to affect their driver’s. A reporter with Pbs interviewed an Uber driver named Bob who said “Before the rate cuts, about 20 hours a week. Now I’d say it’s more like 10 to 12. It was lucrative in the beginning, when I first started, [but] now with the rate cuts, you basically break even. With some rides, you might actually be losing money. So, the money’s just, you know, not there — and you’re putting wear and tear on your car. For me, it’s not worth it to do so many hours”. (Pathe, 2014) So due to Uber’s rate cuts many of their drivers leave to go drive for lyft or they only work during peak times. Uber is causing demotivation for the drivers as they have to worry about their overhead expenses such as, mechanical failures, insurance and gas. Measurement of Performance: Measuring driver performance is crucial for ongoing success in the taxi industry. As for Uber they just collect the information and do nothing to improve their flaws. They receive the information by a driver rating system, which they are extremely strict about what their drivers rating should be. For instance Uber will receive information on what their...
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.... What real life labor movement was the film Salt of the Earth based on? Based on the book From Out of the Shadows and the film Salt of the Earth, how did women participate and contribute during the miners’ strike? What did the workers and their families gain through this movement? The film Salt of the Earth is based on Cold War politics and Mexican-American labor. Women participate and contribute during the miners strike in many different ways such as feeding the men while they were protesting. However, afterwards women take the men places on the line and men assumed childcare and household responsibilities. Even though women were assaulted and harassment they refused to be intimidated. In fact, women fought back for their rights. According to the book From Out of the Shadows the majority of the union negotiated team during the Empire Zinc strike were not miners, but wives of...
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...Fundamental lessons which we can all learn from the bus strike Against the backdrop of the now famous bus strike, there have been efforts undertaken by the following parties: The Singapore Government calling on all parties to voice their grievances through the appropriate channels and a flurry of measures adopted by SMRT in response to public and government sentiment. Whilst the reactions and actions undertaken after the strike are laudable, one can’t help but express concern that the underlying issues of wages, worker’s living conditions and a clear lack of communication channels between all relevant parties have surfaced only via the drastic action of a strike. Indeed, all parties involved have to clearly reflect on the events of the past week and do their utmost to prevent future occurrences of such incidents. Complacency setting in Citing how strikes would affect workforce productivity and deter potential investors, the Singapore Government has long taken a dim view towards strikes and strikes have been few and far between throughout the annals of Singapore’s history. This has and still must be the key driving policy: A zero tolerance towards illegal strikes. In an attempt to maintain the welfare of general workers in Singapore, the National Union Trade Congress, businesses and National Employer’s Federation had been established. Tripartism was vaunted as the the way to progress and to cultivate the symbiotic relationship between businesses, employers and employees...
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...Individual Assignment 1 Chief Steward---Absenteeism---Discharge Peter Frost is a 52 year old maintenance mechanic with 25 years’ of service in a construction materials plant in western Mississauga. He originally completed his mechanic apprenticeship in England. Peter is known as a likeable, fairly knowledgeable, technically competent tradesman, with a pro-union stance and enough leadership skills to have been chosen chief steward by his fellow union members 8 years ago. He is viewed by the company as someone to fear because he orchestrated and lead a successful illegal strike four years ago in a dispute over vacation pay. The strike cost the company over a million dollars in lost productivity. Unfortunately Peter doesn’t seem to want to come to work, and when he does he is often late. Over the past four years, Peter has missed over 100 shifts due to absenteeism, and he was late an additional 53 times. The records also show that on at least 25 occasions Peter not only missed his shift but, but he didn’t advise his supervisor that he would be absent. Absenteeism in the plant averages six shifts a year. The company has noticed a significant deterioration in Peter’s performance over the past four years and it is getting progressively worse. There seems to be a pattern of Monday and Friday absences and there are strong and persistent rumours from other employees and supervisors that Peter’s breath smells of alcohol on a regular basis. When Peter is at work, his mood...
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...given quantity of an asset on (or perhaps before) a given date, at prices agreed upon today. Calls versus Puts Call options gives the holder the right, but not the obligation, to buy a given quantity of some asset at some time in the future, at prices agreed upon today. When exercising a call option, you call in the asset. Put options gives the holder the right, but not the obligation, to sell a given quantity of an asset at some time in the future, at prices agreed upon today. When exercising a put, you put the asset to someone. McGraw-Hill Ryerson © 2005 McGraw Hill Ryerson Limited 23-4 23.1 Options Contracts: Preliminaries Exercising the Option The act of buying or selling the underlying asset through the option contract. Strike Price or...
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...Introduction In recent times the Trinidad and Tobago industrial relations climate has been experiencing heightened activity. This has been characterized by the numerous strikes and news reports of the actions and statements of the principal actors involved. The recent TCL strike (Newsday, 2012), statements threatening strike action by PSA president (Guardian, 2010), and threats to the government for a nationwide strike (CARICOM News Network, 2011) all give credence to the concerns of the ECA “that the industrial relations climate will become increasingly adversarial”(Business Guardian, 2011). This type of conflict and balance of power issues in the long-term can have adverse economic consequences as well as a negative effect on international competitiveness. The term ‘Industrial Relations’, in a broad sense, covers the employment relationship between employers and employees either directly or through their representatives. An explanation of Industrial Relations which clearly identifies the principal actors is:- “the relationships between employees and employers within the organisational settings. The field of industrial relations looks at the relationship between management and workers, particularly groups of workers represented by a union. Industrial relations are basically the interactions between employers, employees and the government, and the institutions and associations through which such interactions are mediated” (Naukrihub.com). Actors and their roles ...
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...Sally Jameson: Valuing Stock Options in a Compensation Package By Group 10 1. If we ignore tax consideration and assume that Sally Jameson is free to sell her options at any time after she joins Telstar, which compensation package is worth more? First scenario, if Sally chooses stock options and hold until maturity date. Ignoring the taxation and other constraints, the future value of cash compensation at the end of the 5th year will be 5000 * (1 + 0.0602) ^ 5 = 6697.44. We can easily form the equation 3000 * (P – 35) = 6697.44, where P is the future stock price of Telstar, so the stock price must increase to at least 37.23 at the end of 5th year to get the same amount of the cash compensation and if the stock price where to stay below 35, Sally’ option would be worth nothing. The stock, which pays no dividend and is not expected to pay one in the foreseeable future, is trading at 18.75. It seems significant difference between the exercise price and the spot price. As shown in Exhibit 2, Telstar stock price has increased higher than $35 only once and 10-year average stock price is around 20. Therefore, the chance that the value of option is greater than the cash compensation is very rare. Second scenario, assume Sally is free to sell options at any time after her joining Telstar, she may sell her option immediately after receiving. Then we try to price the value of stock option by using Black - Scholes Model. We know that the stock is currently trading at $18.75...
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...Should Sooner or Later use the $6 grant-date fair value or the $9 grant-date fair value to measure its compensation cost? Codification 718-10-30-6 states the measurement objective for equity instruments awarded to employees is to estimate the fair value at the grant date of the equity instruments that the entity is obligated to issue when employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments (for example the exercise share options). That estimates is based on the share price and other pertinent factors, such as expected volatility, at the grant date. In this case Sooner or Later is issuing stock options to employees in order to align their compensation with the performance of the company. However these options can only be vested if revenue for the company is greater than $10 million over a three year period and employees are still employed with the company. The debate is whether Sooner or Later should grant the stock at $9 which is the current grant date fair value or grant the stock at $6 which the fair value taking into consideration the revenue target. According to Codification 718-10-30-6 Sooner or Later should grant the stock at $9 because this is the fair value at the grant date not at some future grant date when conditions have been met. However, Codification 718-10-30-15 Market, performance, and service conditions (or any combination thereof) may affect an award’s exercise...
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...Synopsis The local auto plant in Hadleyville, Pennsylvania, which supplied most of the town's jobs, has been closed for nine months. Former foreman Hunt Stevenson (Michael Keaton) goes to Tokyo to try to convince the Assan Motors Corporation to reopen the plant. The Japanese company agrees, and up on their arrival in the U.S., they take advantage of the desperate work force to institute many changes. The workers are not permitted a union, are paid lower wages, are moved around within the factory so that each man learns every job, and are held to seemingly impossible standards of efficiency and quality. Adding to the strain in the relationship, the Americans also find humor in the demand that they do calisthenics as a group each morning, and that the Japanese executives eat their lunches with chopsticks and bathe together in the river near the factory. The workers also display a poor work ethic and lackadaisical attitude towards quality control. The Japanese executive in charge of the plant is Takahara Kazuhiro (Gedde Watanabe), who has been a failure in his business career thus far because he is too lenient on his workers. When Hunt first meets Kazuhiro in Japan, Kazuhiro is being ridiculed by his peers, and being required to wear ribbons of shame. He has been given one final chance to redeem himself by making the American plant a success. Intent on becoming the strict manager his superiors expect, he gives Hunt a large promotion on the condition that he work as a liaison...
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...THE EQUITY OPTIONS STRATEGY GUIDE JANUARY 2001 Table of Contents Introduction Option Terms and Concepts s s s s s s s s s s s s s s 2 4 4 4 4 4 5 5 5 6 6 6 6 7 7 7 8 8 10 12 14 16 18 20 22 24 26 28 What is an Option? Long Short Open Close Leverage and Risk In-the-money, At-the-money, Out-of-the-money Time Decay Expiration Day Exercise Assignment What’s the Net? Early Exercise/Assignment Volatility Long Call Long Put Married Put Protective Put Covered Call Covered Put Bull Call Spread Bear Put Spread Collar Strategies s s s s s s s s s Glossary For More Information 1 Introduction The purpose of this booklet is to provide an introduction to some of the basic equity option strategies available to option and/or stock investors. Exchange-traded options have many benefits including flexibility, leverage, limited risk for buyers employing these strategies, and contract performance guaranteed by The Options Clearing Corporation (OCC). Options allow you to participate in price movements without committing the large amount of funds needed to buy stock outright. Options can also be used to hedge a stock position, to acquire or sell stock at a purchase price more favorable than the current market price, or, in the case of writing (selling) options, to earn premium income. Options give you options. You’re not just limited to buying, selling or staying out of the market. With options, you can tailor your position to your own financial situation, stock market outlook...
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...Arundel Partners – The Sequels Project After evaluation of the proposed acquisition of the movie sequel rights, we recommend to offer movie studios as a per-movie price to purchase the sequel rights for their entire portfolio of movies the studios are going to produce over the next year. Arundel should make an offer to buy sequel rights as the average NPV (on a per film basis ) is $5.51 mn (this is the value calculated using real options method). Hence, we should pay a price below $5.51mn. As per informal inquiries made by us, the studios would be tempted to accept the price of $2mn or more and would not even consider a price below $1mn. We propose that we should negotiate for the price of $2mn. This would give us a profit of $3.51 mn per film. The movie studio might (or might not) be willing to sell these rights at this price because it helps the studios mitigate the risk associated with producing the sequel. Also, the fact that there is no liquid market for rights to produce sequels will also drive the price lower on account of lack of demand. Average value of Sequel rights per film using DCF Analysis Average value of sequel rights per film across all studios 1. There are 99 films in the portfolio. Arundel Partners will only produce films for which hypothetical NPV is greater than zero. Hence, we calculate NPV of each film at Year 0. Since the exhibits state that the values are already preset values, we have not rediscounted them. NPV (At year 0)...
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