...Business Regulation Simulation University of Phoenix Alumina Inc. is a $4 billion aluminum maker based in the United States (U.S.) and operates in eight other countries around the world. The company has business interests in automotive components and the manufacture of packaging materials, bauxite mining, alumina refining, and aluminum smelting (University of Phoenix, 2008). The U.S. market constitutes 70% of the company’s sales. A crisis has arisen from allegations of environmental damages which have led to a person’s illness (University of Phoenix, 2008). This paper will identify key facts, regulations, and legal issues; identify several of Alumina’s values and stakeholders; identify conflicts which constitute ethical dilemmas; summarize legal counsel’s advice on the issues; and evaluate alternative solutions in the context of Alumina’s legal position. Key Facts, Regulations and Legal Issues Five years ago, a routine EPA compliance inspection revealed higher than acceptable levels of a carcinogenic substance, polycyclic aromatic hydrocarbons (PAH), to which Alumina promptly responded with a cleanup. The subsequent environmental audit reported the violation as corrected and the company has maintained a good compliance record since then (University of Phoenix, 2008). Alumina has made every effort to be compliant with environmental regulations. Administering environmental laws at the federal level is the Environmental Protection Agency. Since many of the laws provide...
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...in their stated terms and conditions. Because forward contracts are private agreements, there is always a chance that a party may default on its side of the agreement. Futures contracts have clearing houses that guarantee the transactions, which drastically lowers the probability of default to almost never. Secondly, the specific details concerning settlement and delivery are quite distinct. For forward contracts, settlement of the contract occurs at the end of the contract. Futures contracts are marked-to-market daily, which means that daily changes are settled day by day until the end of the contract. Furthermore, settlement for futures contracts can occur over a range of dates. Forward contracts, on the other hand, only possess one settlement date. Lastly, because futures contracts are quite frequently employed by speculators, who bet on the direction in which an asset's price will move, they are usually closed out prior to maturity and delivery usually never happens. On the other hand, forward contracts are mostly used by hedgers that want to eliminate the volatility of an asset's price, and delivery of the asset or cash settlement will usually take place. For further reading, see Futures Fundamentals....
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...MUST BE POSTMARKED NO LATER THAN NOVEMBER 21, 2011 Palmer Solicitation Call Settlement c/o GCG, Inc. P.O. Box 9713 Dublin, OH 43017-5613 Toll-Free: 1 (800) 465-4481 Control No: 2167189704 SPI *2167189704* Claim No: SPI7311123 *SPI7311123* LYNDA SNEAD 14924 LAPPIN DETROIT, MI 48205 REQUIRED ADDRESS INFORMATION OR CORRECTIONS If the pre-printed address to the left is incorrect or out of date, OR if there is no pre-printed data to the left, YOU MUST provide your current name and address here: Name: Address: City/State/Zip: INSTRUCTIONS AND INFORMATION THIS CLAIM FORM MUST BE COMPLETED AND POSTMARKED TO THE CLAIMS ADMINISTRATOR AT THE ABOVE ADDRESS NO LATER THAN NOVEMBER 21, 2011 To be eligible to share in the settlement benefits, you must be or have been an individual, non-government and non-business Sprint customer at any time from July 23, 2005 through June 13, 2011 who, while a Sprint customer: a) lived in Washington State and received from Sprint one or more pre-recorded commercial telephone solicitations; and/or b) lived in Washington State and received from Sprint one or more commercial telephone solicitations less than one year after advising Sprint or its agents that you did not wish to be called again by Sprint; and/or c) lived in the United States and received from Sprint one or more commercial telephone solicitations more than 30 days after advising Sprint that you did not wish to be called again by Sprint. For purposes of this Claim Form...
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...e environment and atmosphere of the first colonies to settle in the new world was widely dissimilar, and some found success while others suffered harsh conditions. Virginia as labeled by Captain John Smith would fall into the last category. The colony of Jamestown came to the New World seeking land, assets and commerce, and settled in a coastal area, which did not provide the freshest water and proved to be abundant with disease. Jamestown was the first English settlement in America (1607). It had a stiff time at first and did not thrive until the colonists received their own land and the tobacco industry began flourishing due to Mr. Rolfe, the settlement took root. People continued to arrive and new settlements arose. As we can see with the article entitled “The Starving Times,” Jamestown suffered significantly when John Smith, their greatest capable leader, returned to England. Smith even records that he heard of a wife being murdered and cannibalized because of lack of food. This colony did eventually find some strength when it began to harvest tobacco, rice and indigo. Lord Baltimore received land from King Charles I to create a sanctuary for Catholics. His son, the second Lord Baltimore, personally possessed all the land and could use or sell it as he wished. In 1649, the Toleration Act was approved allowing all Christians to worship as they pleased. Maryland seemed to find more success in the New World thanks to its harvesting of tobacco, furs and flesh. Adjudicating by...
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...partner discrete sampling's premise, Andersen had still approved the sunlight company to have the questionable point financial reporting. Finally, Sunlight Company suspends pay. Claim request which proposed regarding the American negotiable securities and the transaction committee, Andersen strong against. Finally, to accuse in the situation which shows neither approval nor disapproval, Andersen and the shareholder out of court settlement, compensates $110million dollars. Second point, “waste management.” Waste Management the company to make a false report gathers shares the desk, Waste Management Company’s financial reporting 1992 to 1996 income false report to amount to $1.4 billion dollars to the company. The American negotiable securities and the transaction committee discovered that Andersen's report has the misleading function. Rules it to be a suspect the improper occupation operation finally. Andersen has accepted this ruling, and has paid damages $7 million dollars civil fine. The Andersen also agreement is $220 million dollar out of court settlement payment partial funds, but had not acknowledged that oneself have any error. Third point is “Baptist Foundation of Arizona”. BFA invested heavily in real estate, a more speculative investment strategy than other Baptist foundations in the state traditionally used. Profits from investments were supposed to be used to fund the...
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...Clash of Cultures Complete the grid by describing the characteristics of three groups of peoples: Native Americans, colonists, and West Africans. | |Native Americans |Northern colonists |Mid-Atlantic colonists |Southern colonists |West Africans | |Political structure|Tribal leaders |May flower Compact, William |Overseen by proprietor, Lord |Virginia Company of London ( Royal|Climate and Geography ( big | | |Land was customarily common, |Bradford |Baltimore, autocratic ( House of |colony ruled by governor chosen by|influences | | |enslavement happened but not in | |Burgesses |the king |Trade routes | | |severity | | | |Kingdoms | | |Iroquois Confederacy: strategy to | | | | | | |protect from attack. | | | |...
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...Understanding the Rolling Settlement Chapter 6 Understanding the Rolling Settlement Learning Objectives: After reading this chapter, you should be able: 1. To identify the various segments into which the market is divided. 2. To recognize the activities performed at various stages of trading, clearing, settlement and post settlement in various markets. 3. To apply the knowledge of the working of the market in real life situation. 4. To examine the present system in the light of historical perspective. Your guide engine to learning: 6.1 6.2 Introduction Trading Activities (T day) 6.2.1 6.2.2 6.2.3 6.3 Clearing Activities (T+1 day) 6.3.1 6.3.2 6.4 Pay-in and Pay-out of Funds Pay-in and Pay-out of Securities Direct Pay-out to Investors Post Settlement Activities (T+3 to T+9 day) 6.5.1 6.5.2 6.1 Unilateral Netting Multi lateral Netting Settlement Activities (T+2 day) 6.4.1 6.4.2 6.4.3 6.5 Opening of Trading Account Placing the Order to Buy/Sell Collecting Charges Auction Close-out Procedures Introduction As we have already read in the previous chapter, that under rolling settlement, all trades executed on a trading day are settled X days later. This is called ‘T+X’ rolling settlement, where ‘T’ is the trade date and ‘X’ is the number of business days after trade date on which settlement takes place. The rolling settlement prevailing in India is T+2, implying that the outstanding positions at the end of the day ‘T’ are compulsorily settled 2 days after the trade...
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...later be called the, “House of Burgesses.” This served as a good model for many law making bodies in the U.S. Plymouth had a similar government. Their government consisted of general court. They also had a Governor. The government made laws and also levied taxes. Another similarity between the two is neither of the colonies was funded by the royal family. Colonists at Jamestown and Plymouth suffered greatly in the beginning - the colonists at Jamestown weren't used to the hard labor they had to do and suffered from illness, while the colonists at Plymouth arrived later during the year and suffered from an extremely harsh winter. Plymouth and Jamestown also had many distinct differences. For example, they both had different reasons for settlement. The Plymouth colony was in search for religious freedom from England. Jamestown wanted to spread Christianity to the natives and expand English trade. Another difference in these two was their economic cultures. Jamestown experimented with many different things but their main crop was tobacco. Plymouth didn’t have much luck with farming. They took part of another era, trading. They traded fur to the natives and locals. They also found an industry in fishing due to their thin rocky soil. In Jamestown, it was Europeans and in Plymouth it was Pilgrims. In Jamestown the conflicts were on the economic issue while in Plymouth, it were on economy and religion as well. In Jamestown, the Europeans were dependent on Indians because they could...
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...on the out-of-court settlement of McDonald's Corporation with Stella Liebeck over burn from hot coffee. Information on the lawsuit and the settlement.. Reports on the out-of-court settlement of McDonald's Corporation with Stella Liebeck over burn from hot coffee. Information on the lawsuit and the settlement.. Reports on the out-of-court settlement of McDonald's Corporation with Stella Liebeck over burn from hot coffee. Information on the lawsuit and the settlement.. Reports on the out-of-court settlement of McDonald's Corporation with Stella Liebeck over burn from hot coffee. Information on the lawsuit and the settlement.. Reports on the out-of-court settlement of McDonald's Corporation with Stella Liebeck over burn from hot coffee. Information on the lawsuit and the settlement.. Reports on the out-of-court settlement of McDonald's Corporation with Stella Liebeck over burn from hot coffee. Information on the lawsuit and the settlement.. Reports on the out-of-court settlement of McDonald's Corporation with Stella Liebeck over burn from hot coffee. Information on the lawsuit and the settlement.. Reports on the out-of-court settlement of McDonald's Corporation with Stella Liebeck over burn from hot coffee. Information on the lawsuit and the settlement.. Reports on the out-of-court settlement of McDonald's Corporation with Stella Liebeck over burn from hot coffee. Information on the lawsuit and the settlement.. Reports on the out-of-court settlement of McDonald's Corporation...
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...they came from Europe and now they will put that advantage to use in the building of new settlements in a new land. Another benefit is the fact that the Americans in the colonies are fortunate about not having a continuous reminder about the King, royalty, and British government because there are no Esquires and British court visible as they were in Europe. As Americans, they chose to follow the laws and guidelines placed upon them by their own elected legislature that contributed to forging a new society. Another main difference between Americans and Europeans is that in Europe, there is a big gap from the upper class and the working-class and it was abundantly clear by the rich who were who in their society. Americans on the other hand did not have that gap because if you were rich or poor you needed to work side by side and contribute equally to ensure that the new settlement were going to be successful thus, the treatment of everybody was fair. Some of the contributions by the British Northern American colonies were clear. An example was when a man arrived for the first time a since of pride overcame him with the sight of home like industries, merchants, and a similar but newer and better version of their homeland. Some contributions were their arts, sciences, and ingenuity that showed in their products like roads, houses, bridges that they built to connect other villages or settlements. Some of the most important contributions were their curiosity of the unknown and the desire...
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...The City in History: Reading Guide Chapter 1 Sanctuary, Village, and Stronghold 1. What does Mumford mean when he states, “human life swings between two poles: movement and settlement”? (5) 2. What role did cemeteries and shrines play here? How were they key elements in the establishment of settlements (cities)? 3. What was the third original aspect of temporary settlements? What role did it play in the formation of settlements (cities)? 4. What was lacking in paleolithic culture with regard to establishing permanent settlements? Why was this important? 5. What role did the domestication of animals play here? 6. What role did women play in early village life? 7. What tools/technologies were essential to early village life? 8. Describe the social organization, physical form, layout and features of the early village. 9. Why were containers so essential to the neolithic villager? 10. Describe the essential elements of the early village between 9000 and 4000 B.C.E. What are the essential characteristics identified by Mumford? Why were these so important? 11. What does Mumford mean when he sates, “conformity, repetition, patience were the keys to this [neolithic] culture once it had solidified”? (18) 12. Mumford states that, “the ancient Greeks thought that their own respect for custom and common law…was a unique product of their culture.” (20) Where does Mumford say the roots of such thinking...
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...life settlement a life settlement settlement life what is a life settlement what is life settlement life settlements insurance settlement settlements life settlement insurance life insurance broker life insurance brokers viatical life insurance fraud insurance settlements life insurance scam is life insurance a scam what is a viatical lphi viaticals aetna life insurance life insurance scams life insurance settlement life settlement insurance insurance life settlement settlement life insurance life insurance life settlement settlement options life settlement life insurance senior settlement viatical settlement settlement viatical life insurance settlements life settlements insurance viatical settlements insurance life settlements life settlement fund life settlements fund life settlement funds life settlement companies settle insurance claim life partners holdings life settlement company life partners inc senior settlements life settlements companies life settlement investment senior life settlements life settlement broker senior life settlement structured insurance settlement life settlements investment life settlement investments life settlement industry life settlement providers life settlement investors premium finance life insurance life settlements broker life settlements investments life settlement association viatical life settlement life settlement brokers life settlement viatical viatical insurance viatical...
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...The Venezuela mass movement event was a series of mudslides and landslides resulting from a series of floods in December 1999.There was many causes to this, some being human and some being more physical causes like heavy rainfall. This effected most settlements in the state of Vargas the largest of which being Caracas. It was the combination of these two things, a natural event being the mud and landslides and the vulnerable population in Vargas, many of which were living in shanty towns making them particularly vulnerable which made the event into a hazard and disaster. This can clearly be shown by Dregg’s model. As is clear from the first diagram that when the natural event does not affect people in anyway (shown as the two circles do not touch) then it is only called an event and no loss of any kind is observed. However when the people are affected by the event and in the case of Venezuela this effect was very large with many of the people defenceless in shanty town accommodation as well as living in a crowded and dense and living near in the shadow of the mountain. All of this meant a large interaction between the event and the vulnerable non resilient population creating the disaster. There were a number of physical causes to the event of both climatological and geomorphical nature. The largest cause of all and the trigger for the slides is the heavy rainfall in the weeks and days especially before the event. As can be seen by the graph, December had been an unusually...
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...During the early 1600s Western Europe wasn’t the only area to explore and grow; Native American lacked the knowledge of a written language but was still able to adjust to their cultural fully. However this period was known as the Renaissance. At the age of 16 a man by the name of John Smith ran off to sea. A scoundrel he was became a pirate, poet, trader, and a solider. Mr. Smith then ventured off to the Virginia Colony where he later joined what is known as the Virginia Company only to make the fortune, not to please God. Smith relationship with the Indians was very uncertain. Although Smith was nice to the Indians he never let them forget about what the English Steel meant. The story of the love-struck maiden Pocahontas was not vouched for by any of his troops. Many of his writing included Native American which he called barbarians. He also complained about these ritual-driven meeting and how it took a long period of time to get things straight or taking care of. On the other hand a man name William Bradford a Godly sincere person who believes in religion, prays a lot and gives God all the thanks for blessing him with fertile land keeping him safe. Bradford was an architect of the Mayflower Covenant. The mayflower covenant is simply an agreement between settlers who has rested on “the Glory of God and advancement of the Christian Faith in which the Country and king is honor. He also creates boundaries of how the native and people of Plymouth should treat each other. Looking...
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...Policy Formulation The settlement house movement is synonymous with the plight of America’s urban poor. These urban poor Americans lived in such appalling conditions is hard to imagine that plant life could survive let alone human beings. This movement took place in the late 19th century and continued in the beginning of the 20th century. Crusaders of this era were burdened the task of getting the rich and poor to live harmoniously and collectively in an interdependent community. It was this call to duty in which the establishment of “settlement houses” were born and produced. These houses were manufactured in poor urban parts of the country where they had settlement house volunteers who would live; share their culture, knowledge, and education as well as helping to improve the poverty line of their low income neighbors. These volunteers and residents; officiated effective methods of helping and in turn created a path for government agencies to take over the majority of the responsibility. These settlement house workers with their innovative mentality to find solutions to their everyday poverty and injustice also lead the way to creating the profession of social work that we all know today. The settlement house pioneers had unique ways to their approach to policy formulation. Two of the most unique themes that characterized the social workers’ approach of the movement were reform and research. Reform during this era meant that “accepting the forces of urbanization...
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