...Cox items for discussion 1. Why is Cox acquiring Gannett? Does it make sense at 2.7 billion. 2. Assuming the Gannett acquisition goes through, estimate CCI’s (1 ½ years) and long term (4 ½ years) funding needs. How much of each funding need must be met through external financing? 3. What constraints do they face in satisfying CCI’s funding needs? Assume a 65% floor on CCIs economic stake” 4. Analyze the proposed solutions. What is a Felines Prides security? What are the advantages/disadvantages to firms using this security? Decompose this security into its debt and equity components. What, economically, is a firm doing when it issues a Felines prides security.? 5. What solution seems to satisfy the financing constraints determined above and why? Guidelines for discussion What changes are occurring in the cable industry? Why has CCI undertaken undertaken so many acquisitions recently? The Gannett acquisition is still under negotiation . In this acquisition a positive NPV project at a price of $2.7 billion. What constraints does CCI face it meeting its financing needs.What is the menu of financing choices facing them, and the costs and benefits of each choice. How do Felines Prides securities provide benefits of both debt and equity. How does use of them create value for CCI? How can the FP securities be accounted for in calculating the leverage ratio and the Cox familys equity stake in CC? What is the correct value of the familys economic equity stake after...
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...Organizational Communication Darryl Clayton Leading the Organization I 11/28/2010 To: Dr. James Rairdon National American University APA style Certificate of Authorship I hereby certify that I am the author of this document and any assistance I received in preparing this report is fully acknowledged. I have also cited (in APA format) for all sources that I obtained ideas, data, and works. Sources are properly credited according to the APA writing guidelines. Signed: Darryl CLayton Abstract Organization sets itself specific objectives in order to meet the better business success, and to gain comparative advantage over the competition. For these objectives to be achieved, of crucial importance is organizational communication, which implies communication among employees, as well as communication between different hierarchic levels in the same organization. Communication as an element of organizational behavior is seen through the group level as the independent variable. Throughout this paper it shall explain the importance of communication for organization, the communicational process and channels for information flow through the network of small formal groups and the network of informal groups. An efficient organizational structure can help any business operate and grow in a manner that can be better managed. Efficient structure produces communication that is consistent within the company, a uniform marketing message and a culture that helps...
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...Mary Schapiro In her role at the SEC, Mary Schapiro was known as one of the world's most powerful female regulators. She was named chair in the midst of the worst financial crisis since the Great Depression. As chairman, she helped strengthen and revitalize the agency by overseeing a more rigorous enforcement program and shaping new rules for Wall Street. During her tenure, the agency's work force brought about a record number of enforcement actions and achieved significant regulatory reform to protect investors. Schapiro leaves behind an agency that has regained its footing, stature, and morale following desultory leadership under its previous two chairmen and its embarrassing lack of action preceding the financial crisis. Under Schapiro, the SEC, which is usually thought to be the most prominent and important financial regulatory body in the country, brought a huge number of enforcement actions against financial institutions. Her job was to assess what went wrong and to ensure it didn’t happen again. During four years as SEC chairman, Schapiro presided over one of the busiest rule-making agendas in the SEC's history, during which the agency also brought a record number of enforcement actions, and executed a comprehensive restructuring program to improve protections for investors. Upon her departure, President Obama praised her leadership, saying the SEC became stronger and the financial system "safer and better able to serve the American people-thanks in large part to Schapiro's...
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...Individuals are defined in several different ways such as neat or sloppy, but the word neat or sloppy may have numerous diverse meanings to others. Suzanne Britt, the author of “Neat People vs. Sloppy People,” used a direct tone to favor messy people. She also defined two individuals in today’s society by the way they keep their environments hygienic. Britt mainly focused on explaining how neat people are really sloppy and how sloppy people are really neat in their own ways. She wanted her readers to learn not to be as uptight in their lives and increase time for friends and family. In contrast to Britt, Dave Barry, the author of “Batting Clean-Up and Striking Out,” used a humorous tone in his article to exemplify how men and women have different priorities when they were put into categories of being neat or sloppy. Compared to Britt, he wanted his readers to distinguish that women should not be looked upon as outsiders because they focus most of their attention on attaining a clean environment, however as normal individuals. Both Britt and Barry defined two very similar, but different types of individuals throughout their articles by tying in the importance of why people keep their surroundings clean or messy. Dave Barry and Suzanne Britt compared two completely different worlds, however they manage to bring them together by using ethos and logos to teach their readers a lesson while revealing direct, humorous tones to portray two opposite sides of these humans. Throughout our...
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...You know her as Phoebe in the long time running hit television show F.R.I.E.N.D.S. But did you know that Lisa Kudrow has a Bachelor of Science degree in Biology? Maybe you are trying to remember and can only recall her famous song titled “Smelly Cat.” “Smelly cat, smelly cat. What are they feeding you? Smelly cat, smelly cat. It's not your fault. They won't take you to the vet. You're obviously not their favorite pet.” Sitcom fans can attest this is one of the best songs heard on television. But Kudrow earned credits, according to Brit, on her father’s study on headaches. Her dad was a doctor, too. Secretly, this is a bigger deal than “Smelly Cat.” Her academic achievements surpass that of Smelly Cat, no matter how good that song was....
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...Good And Bad Acting Good acting to me is very clear. From the start of the movie or show I can tell if someone is a good or bad actor. An important element to good acting is being able to 100%, completely transform into the character. So much so that whenever you see the actor again in another project, you can’t get that first character out of your head. A prime example of this are the actors of the TV show, Friends. For ten years, actors like Jennifer Aniston, Courtney Cox, and Matthew Perry played the same exact characters. They each played their respective character so unbelievably well. They fell into a mold, and it grew bigger and bigger as the years and seasons continued. They also developed mannerisms for each character, and were consistent with them through out the seasons. Each character had its own little ‘thing’ that made them different and stand out from the rest. Every time I see Matt LeBlanc (who played Joey) in something else, I can’t get “How you doin’?” out of my head. I think sometimes there’s a downside to acting so well and being so good at one character, and that is, once it’s over, no one can see you as something different, and its hard for you to find new projects to work on. For me, I can’t see any of the Friends actors playing another role without thinking of their character in Friends. Another example of good acting, is in The Wolf of Wall Street. Leonardo Decaprio, Margot Robbie and Jonah Hill were unbelievable in that movie. They completely transformed...
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...“Shooting the Messenger?” The Impact of Short Sale Bans in Times of Crisis Ian Appel 1 and Caroline Fohlin 2 Original Version: 5/8/09 This Draft: 10/22/10 Abstract: We find that the bans on covered short sales, implemented in several countries during the financial crisis of 2008-09 improved market liquidity or at least had a neutral impact; a result we argue could be expected in theory, given a simple variation on the Diamond-Verrechia (1987) model. The result holds for daily data over an extended period as well as for intraday data over various time spans. In contrast to other recent studies, we use American Depository Receipts as the controls in a difference-in-difference analysis encompassing all banned non-U.S. shares with corresponding depository receipts listed in the United States. Furthermore, we find that bans on covered short sales generally succeeded in lowering volatility. Banning short selling is not good policy in normal times, but our findings indicate that such bans might prove useful in (temporarily) stemming liquidity loss during crises. 1 2 Department of Finance, The Wharton School, University of Pennsylvania. ianappel@wharton.upenn.edu. Department of Economics, Johns Hopkins University, Baltimore, Maryland. fohlin@jhu.edu. We thank without implicating Hülya Eraslan, Thomas Gehrig, and Jonathan Wright as well as participants at the FRIAS-Bundesbank workshop of March, 2010, for comments on a previous draft. Fohlin acknowledges financial support...
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...Job was to fix the SEC. She didn’t stop there. Vision SEC aims to act as an agency that was high functioning, agile and intelligent, and committed to investor protection and market integrity. Mission: Restoring SEC’s vigour and credibility within the financial regulatory Community. Value: vigor, credibility, high functioning, agile, intelligent, commitment, integrity. Goal: Financial Customer Internal process Learning and growth Mary set up three strategic themes/priorities to pursue • Operational levers, • People, • and organization levers that assisted in achieving those options. Three priorities a) Assessing what needed to be done within the organization (internal assessment) [ First get the right people and then lead the strategy ] 1. Schapiro recruited analysts and people who understood trading, market structure, corporate governance and a whole range of skill sets that would be important for the future. 2. She recruited people from Wall Street to restructure the SEC’s largest division – enforcement and examination - “to make this regulator more responsive, more agile and clever and capable of seeing around corner to figure out where the next problems were before they hit us in the face”. 3. Schapiro leveraged the SEC talent by bringing in new invigorating leadership. 4. Talented staffs on its books were sent to qualify as certified fraud examiners; a whole layer of management was removed and was...
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...MEMORANDUM SUBJECT: Heart Transplant Patient FROM: Jarrah P. Sanders Lead Surgeon TO: Cynthia Simon Professor It has just been aware to me that a Heart has become available for one of the three canidents on our Transplant list. After extensive consideration, it is my recommendation that the newly found heart be given to Jerry. Jerry is a better fit for this transplant; he has better chances and a better outcome with getting the transplant. After reviewing Ozzie’s chart, I felt as though he would not be a good recipient for this heart. I really appreciated the fact that he has been tutoring and mentoring to the youth, and he has signed a contract stating that if he got the transplant he would continue to tutor and stay clean for at least a year after the transplant. My concern is what happens after that year? The benefits to Ozzie getting the transplant would be he can continue to tutor the at risk youth that he has been helping and continue to make a difference in their lives. The harms of Ozzie getting this transplant would be him having a relapse and only waiting out that year before he began to use again. Even though this transplant would give him another 10 years or so to live Ozzie also has Recidivism which is sever with abuse and if he were to return to using again it would be a waste of the heart and he would die in a matter of months. Ozzie is a 38 year old man who has already wasted his life away on the choices that he has made with drugs, and...
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...MicroEcon-2010 Economics Research Assignment: Short and Naked Short Selling & Their Impact on the Economy The term “Short Sell” refers to a broker who borrows shares of a publicly traded company from a third party, and hopes to sell back to the original owner at a lower price. An example could a broker who borrows and immediately sells 100 shares of “Ryan Stewart Real Estate Company” for $10 a share, equaling $1,000. The price per share falls to $7, so the broker buys the original 100 shares back at a lower price of $700, and returns the original amount of shares to the third party. Therefore the broker profited $300 while the stocks were losing value. The term “Naked Short Sell” refers to the selling of shares, before you borrow them. If there are many sellers of a particular share, then the price of the stock decreases. Brokers use naked shorting to drive the price of a stock down. An example is someone trying to sell someone’s house without their permission. The broker doesn't have the title to the home before they have a buyer. Therefore the difference in short selling and naked short selling is that one has the right to borrow a third parties stock and the other doesn't. When any decently educated person wants to invest money into stocks they should look at the current earnings of a company and their estimated future earnings. But what if a large amount of brokers are collaborating to drive the stock price...
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...REGULATORY GUIDE 196 Short selling April 2011 About this guide This guide contains an overview of the short selling provisions of the Corporations Act 2001 (Corporations Act) and the Corporations Regulations 2001 (Corporations Regulations) as they relate to securities, managed investment products and certain other financial products. In particular, it addresses the naked short selling prohibition and the reporting and disclosure obligations. This guide is particularly relevant to institutional investors and brokers who are involved in short selling activity. REGULATORY GUIDE 196: Short selling About ASIC regulatory documents In administering legislation ASIC issues the following types of regulatory documents. Consultation papers: seek feedback from stakeholders on matters ASIC is considering, such as proposed relief or proposed regulatory guidance. Regulatory guides: give guidance to regulated entities by: explaining when and how ASIC will exercise specific powers under legislation (primarily the Corporations Act) explaining how ASIC interprets the law describing the principles underlying ASIC’s approach giving practical guidance (e.g. describing the steps of a process such as applying for a licence or giving practical examples of how regulated entities may decide to meet their obligations). Information sheets: provide concise guidance on a specific process or compliance issue or an overview of detailed guidance. Reports: describe ASIC compliance or relief...
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...Mary Schapiro In her role at the SEC, Mary Schapiro was known as one of the world's most powerful female regulators. She was named chair in the midst of the worst financial crisis since the Great Depression. As chairman, she helped strengthen and revitalize the agency by overseeing a more rigorous enforcement program and shaping new rules for Wall Street. During her tenure, the agency's work force brought about a record number of enforcement actions and achieved significant regulatory reform to protect investors. Schapiro leaves behind an agency that has regained its footing, stature, and morale following desultory leadership under its previous two chairmen and its embarrassing lack of action preceding the financial crisis. Under Schapiro, the SEC, which is usually thought to be the most prominent and important financial regulatory body in the country, brought a huge number of enforcement actions against financial institutions. Her job was to assess what went wrong and to ensure it didn’t happen again. During four years as SEC chairman, Schapiro presided over one of the busiest rule-making agendas in the SEC's history, during which the agency also brought a record number of enforcement actions, and executed a comprehensive restructuring program to improve protections for investors. Upon her departure, President Obama praised her leadership, saying the SEC became stronger and the financial system "safer and better able to serve the American people-thanks in large part to Schapiro's...
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...Poom Yingkamhang (TESOL Year 1) 57XXXXXXX-X No.26 30 October 2014 Acceptance Individual Thinking What did you learn in this class ? * Friends shared their experience * Listening to professor telling a story * Professor teach comparing the story to the lesson Conclusion 1.What did you learned in this class ? The first time in this class we checked in. And listening to friends telling stories. Friends Experiences The first one is Priaw , she told us about her story that she was 14 years old. That time she started interested in English and she tries to improve her English skills by chatting with foreigner friends and that time she is chatting all day and all night because time not the same that affecting to her health. It causes to be Insomnia. Her experience warned us about we should to manage time to make it balance. The second is Dream , She shared her experience when she was doing activities as she is Freshy Boy and Girl contest. The staff gave a mission to her “ You have to find to go to Khonkaen Zoo without use the money ” So , She decided to hitchhike the car and finally someone who is a good person stop the car and she asks for help to take her and her teammates to Khonkean Zoo for free. This story teaches us in the real world still have a good person who really glad to help other people. The third one is Fa , She told us her experience about the accident it happens when she was 8 years old. At that time her parents have to go to other...
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...Story questions A&P and Cathedral A&P 1. Sammy is a 19 year old boy with raging hormones which affects him by quitting his job in order to try and catch the attention of Queenie and her friends. 2. The customers in the store are regular people wearing normal clothes and Queenie and her friends stand out because they are wearing bathing suits inside the store. 3. Sammy likes their bodies, Queenies leadership and how they move. 4. Yes. She is a stock character because they name her Queenie because she is the leader/queen of the small group and because of what she was buying, painting her as a sort of upper class person. 5. Customers are expected to wear shoes and shirts for service. Queenie and her friends are in the store in just their bathing suits therefore violating the rules of the store. 6. The supermarket is vital to the story because the girls would have to be in a place where such an outfit would not be allowed for what they were going to do which was to shop for an item. 7. Sammy seemed to exaggerate the appearance of the girls. If the story had been told by Lengel then the story might have been duller. 8. Sammy’s primary motive was to get the attention of Queenie and the girls. The other motive was to go through with what he had already started and he did not want to be seen as someone to just give in. Cathedral 1. The narrator is never introduced by name but he is referred to as bub by Robert. We know that the narrator is a bit of a loner but he has a wife...
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...Brandon Lamarre 6/17/2016 English Composition and Rhetoric Slip or trip? Arthur Volupides, the husband of Queenie Volupides, was murdered by his wife, Queenie, that night or early the next morning. The reasons for this claim are many, as all of the evidence is pointing towards a very guilty Ms. Volupides. For this reason, I don’t believe that the wife is telling the truth. As the testimony goes, Mr. Arthur Volupides and his wife, Queenie Volupides, had gotten into an argument that night, just as Mrs. Volupides was leaving to go to a country club where a party was being held. After having a few drinks, Queenie returned home shortly before one o’clock in the morning. She invited her friends to come over for one last drink, but returned ten minutes before they arrived at her house. When they showed up, Queenie explained that Arthur had fallen down the stairs and died, with his glass still in his hand. The autopsy shows that Arthur died by a head wound and was drunk. There are many aspects of this story that simply don’t match the picture. To begin with, let’s look at how she answered the door. She exclaimed, “Something terrible has happened. Oh my God-what should I do”. This sounds too scripted to be a real reaction, especially when she didn’t shed a tear the whole time. As a rule, when your husband or a loved one dies, you call the cops immediately and you’re going to be in a very emotional state. Queenie didn’t show signs of either of those two things, as...
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