...be more efficient therefore their solution was the development of the Boeing 787 Dreamliner that was intended to change its way commercial airline work. However the engineering, financial, and most importantly the ethical challenge faced by the Boeing 787 Dreamliner nearly crippled the company. After two fires on two different planes, one on Nippon air which is the commercial aircraft company belonging to the Japanese Government and the other on American airways which was due to the new lithium ion battery that was not firstly sufficiently tested to determine the safety and secondly,...
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...day. We learned a great lesson in life on June 18, 2007. On this day in history America lost 9 great “Fire Heroes” to a structure fire in Charleston, South Carolina. The fire started at approximately 7:00 p.m. in the locking dock area of a mattress showroom and warehouse. Charleston firefighters arrived on the scene just three minutes after the alarm, followed soon by firefighters from the St. Andrews Public Service District . From 1979 to 2002 there were over 180 fire fighter deaths from Structural collapse. In more recent times, between 1990 and Augusta 2010, 43 fire fighters deaths have been associated with structural collapses. In a scientific study conducted by the Federal Emergency Management Agency(FEMA) entitled Trends in Firefighter Fatalities Due to Structural Collapse, 1979-2002, it was found that firefighter deaths in residential buildings have more than tripled in the last decade compared to the previous decades (1994-2002: 33 deaths; 1983-1992: 9 deaths) (Brassal, Evans 2002). Are firefighters and other fire professionals missing the evidence needed to curve the potential for firefighter fatalities due to structural collapse? Structural collapses are not always the cause of death, but may have been contributing factors that lead to the cause of death. Can training, better building practices, pre-plans and changing structural building laws decrease the risk for fire fighters? Risk Analysis and concerns regarding the Sofa Super Store fire When the first arriving...
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...Improving and Sustaining Business Ethics and Corporate Responsibility ! Business Ethics is emerging as one of the greatest recognized needs in business today. No other element in business life can profit so greatly for such a small investment. Ethics and corporate responsibility not only describes what a company does internally, but also shows what they did externally. If a company lack this, it can cost business dearly. In order to start looking at how to improve and sustain business ethics, we must first ask what ethics itself is. In a simple definition, ethics involves learning what is right from wrong. Then taking that knowledge and acting on what is right. However, that’s not as straightforward as conveyed in a great deal of business ethics literature. Philosophers have been discussing ethics for at least 2500 years, since the time of Socrates and Aristotle. Many consider ethical beliefs to be legal matters. For example, what becomes an ethical guideline today is often translated to a law, regulation or rule tomorrow. Many companies use public relations as a diving board into the world of ethics." " " Public relations are a huge way that companies can effectively show ethics and corporate responsibility. Business ethics and corporate responsibility are a huge part of businesses and companies around the world. In the public’s eye, ethics are a reason why people do business with a specific company or not. A good way for companies to Page 2 of 7 show that they are...
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...team workmanship and communication amongst the co-workers and departments at Team Corporation. The executives at Team Corporation have hired Me & My Artsy Friends Events to put together an unique team building event on May 21, 2011 at 8:00 am until 4:00 pm. One hundred employees from different departments will be participating in competitive wacky sport events dressed as sideshow characters. The Wacky Olympics will be 10 track and field events that will help teams to strategize and work harmoniously to reach the finish line. After the days sport events, teams will be served a three course exotic comfort food luncheon that will reflect the whimsical day. The luncheon will feature exotic Cirque du Freaks side show attractions like fire eaters and contortionists as well as a freaky circus décor. The side show characters will be walking throughout the tent expressing their talents as the attendees dine. Just before the party starts, the teams must present their prepared skits during the Freak Show. Stakeholders This event celebrates two different stakeholders: Corporate Executives and Staff. The clients are looking to hold a one day off site team building event aimed to improve staff...
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...Case 1: Specific Performance Remedy Denied on Equity Standard Campbell Soup Co. v. Wentz et. al. UNITED STATES COURT OF APPEALS THIRD CIRCUIT 172 F.2d 80 (1949) OPINION BY: GOODRICH The transactions which raise the issues may be briefly summarized. On June 21, 1947, Campbell Soup Company (Campbell), a New Jersey corporation, entered into a written contract with George B. Wentz and Harry T. Wentz, who are Pennsylvania farmers, for delivery by the Wentzes to Campbell of all the Chantenay red cored carrots to be grown on fifteen acres of the Wentz farm during the 1947 season . . . The contract provides . . . for delivery of the carrots at the Campbell plant in Camden, New Jersey. The prices specified in the contract ranged from $23 to $30 per ton according to the time of delivery. The contract price for January 1948 was $30 a ton. The Wentzes harvested approximately 100 tons of carrots from the fifteen acres covered by the contract. Early in January 1948, they told a Campbell representative that they would not deliver their carrots at the contract price. The market price at that time was at least $90 per ton, and Chantenay red cored carrots were virtually unobtainable. The Wentzes then sold approximately 62 tons of their carrots to . . . Lojeski, a neighboring farmer. Lojeski resold about 58 tons on the open market, approximately half to Campbell and the balance to other purchasers. On January 9, 1948, Campbell, suspecting that Lojeski was selling it "contract carrots," refused to...
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...Research Adviser: Dr. L. Stankevicien_ CONTENTS Introduction ………………………………………………………………………………………3 I. The Review on the Emotion Lexis Research ……………………………………………….….6 II. Linguistic Expression of the Concept and Principles of Its Contrastive Analysis……………12 1. Concept as an Object of Cognitive Linguistics ………………………………………...12 2. Specifity of Emotion Concepts …………………………………………………………16 3. Cognitive Theory of Metaphor and Its Application in Comparative Researches……….19 III. The Levels of the Analysis of the Concept of Anger and the Peculiarities of Its Translation……………………………………………………………………………………….25 1. Lexicographical Level…………………………………………………………………...25 2. The Level of Scenario of Prototypical Situation………………………………………...33 2.1. The Cause of Anger……………………………………………………………...34 2.2. The Manifestation of Anger……………………………………………………...37 2.3. The Attempt at Controlling Anger……………………………………………….42 2.4. The Loss of Control……………………………………………………………...45 2.5. The Retribution…………………………………………………………………..49 3. The Level of Conceptual Metaphors and the Peculiarities of Translation of the Concept of Anger…………………………………………………………………………………….50 3.1. ANGER IS A HOT FLUID IN A CONTAINER ……………………………….53 3.2. ANGER IS HEAT……………………………………………………………….58 3.3. ANGER IS FIRE………………………………………………………………...60 3.4. ANGER IS A LIVING BEING………………………………………………….63 3.5. ANGER IS AN OPPONENT IN A STRUGGLE……………………………….65 3.6. ANGER IS A DANGEROUS ANIMAL………………………………………..67 3.7. ANGER IS INSANITY…………………………………………………………...
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...By John D. Mueller Colloquium on the American Founding Amherst University, October 19, 2002 Winston Churchill is supposed to have said that “the Americans can be relied upon to do the right thing, after exhausting the alternatives.” I hold a similar tempered optimism about the economics profession, with which have been associated by occupation for more than 20 years. Historically, economic theory originated in the happy union of Athens and Jerusalem known as “the natural law,” and has always returned to the sanity of its roots—after exhausting the alternatives. As I read its history, economic theory has nearly completed its last great detour away from sanity, and is rapidly running out of alternatives to a renewal of “natural-law economics.” If such a renewal occurs, it won’t be because economists have decided to sit down and learn from philosophers (or, God forbid, theologians)—nothing could be farther from their minds—but for the same reason as the last seismic shift in economics, which began in the 1870s: a growing number of economists are finding the current state of economic theory a professional embarrassment. Of course, I may be underestimating the average economist’s threshold of embarrassment. But let me explain the nature of that * John D. Mueller is Associate Scholar of the Ethics and Public Policy Center and president of LBMC LLC, a financial-markets forecasting firm. For most of the 1980s he was Economic Counsel to the House Republican Conference...
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...helping restructure American culture, many of the racist views of the past still play apart in American society. The 1950’s is often described as the calm before the storm of the 1960’s. During this time period, society was very much conformed to the views of conservative living. The desire for security during this era, reinforced by McCarthyism at home and the Korean War, created was known as the cold war culture. During the post WWII period in America, the face of the nation changed greatly under President Truman and Eisenhower. Because of extreme paranoia caused by Communism following WWII, conformity in the United States became an ideal way to distinguish American culture from the rest of the world. Conformity became evident through the medium of culture, society, and politics throughout the era of the 1950’s. The country was in such fear of Communism, that President Truman led the government in a revolt against any who claimed to be a Communist in the American government. Again, due to fear of being ostracized, Eisenhower, the proceeding president, was reluctant to confront McCarythism. The...
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...Leuz I n its pure form, fair-value accounting involves reporting assets and liabilities on the balance sheet at fair value and recognizing changes in fair value as gains and losses in the income statement. When market prices are used to determine fair value, fair-value accounting is also called mark-to-market accounting. Some critics argue that fair-value accounting exacerbated the severity of the 2008 financial crisis. The main allegations are that fair-value accounting contributes to excessive leverage in boom periods and leads to excessive write-downs in busts. The write-downs due to falling market prices deplete bank capital and set off a downward spiral, as banks are forced to sell assets at “fire sale” prices, which in turn can lead to contagion as prices from asset fire sales of one bank become relevant for other banks. These arguments are often taken at face value, but evidence on problems created by fair-value accounting is rarely provided. We discuss these arguments and examine descriptive and empirical evidence that sheds light on the role of fair-value accounting for U.S. banks in the crisis. While large losses can clearly cause problems for banks and other financial institutions, the relevant question for our article is whether reporting these losses under fair-value accounting created additional problems. Similarly, it is clear that determining fair values for illiquid assets in a crisis is very difficult, but did reporting fair values of illiquid assets make...
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...Benjamin vonWurmb Hanover-Bates Chemical Corporation Background The Hanover-Bates Chemical Corporation is a leading distributor of processing chemicals for the chemical plating industry. The company currently employs 40 sales reps in seven sales districts, and its products are fashioned in four plants which are located in Los Angeles, Houston, Chicago, and Newark. Hanover-Bates prepares its products for customer use by mixing chemicals from a broad range of suppliers. Salaries of Hanover-Bates sales representatives range from $33,000 to $45,000, with fringe benefit costs amounting to an additional 15% of their salary. A commission of 0.5 percent is paid, based on dollar sales, on all sales up to established sales quotas. Commission on sales in excess of quota is one percent. District sales manager’s salaries range from $47,250 to $52,000. (515) They are not paid a commission in excess to salary. Hanover-Bates and the majority of the firms in its industry produce the same line of basic processing chemicals. Minimal quality difference exists between Hanover’s products and those offered by its competitors, however, some of these chemicals, such as CHX (a protective post-plating chromate dip), provide a much higher gross margin than others. (See Exhibit 4) Introduction James Sprague is the newly appointed Northeast district (also know as District 3) sales manager for Hanover-Bates Chemical Corporation. He is now in charge of helping that district improve...
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...Benjamin vonWurmb Hanover-Bates Chemical Corporation Background The Hanover-Bates Chemical Corporation is a leading distributor of processing chemicals for the chemical plating industry. The company currently employs 40 sales reps in seven sales districts, and its products are fashioned in four plants which are located in Los Angeles, Houston, Chicago, and Newark. Hanover-Bates prepares its products for customer use by mixing chemicals from a broad range of suppliers. Salaries of Hanover-Bates sales representatives range from $33,000 to $45,000, with fringe benefit costs amounting to an additional 15% of their salary. A commission of 0.5 percent is paid, based on dollar sales, on all sales up to established sales quotas. Commission on sales in excess of quota is one percent. District sales manager’s salaries range from $47,250 to $52,000. (515) They are not paid a commission in excess to salary. Hanover-Bates and the majority of the firms in its industry produce the same line of basic processing chemicals. Minimal quality difference exists between Hanover’s products and those offered by its competitors, however, some of these chemicals, such as CHX (a protective post-plating chromate dip), provide a much higher gross margin than others. (See Exhibit 4) Introduction James Sprague is the newly appointed Northeast district (also know as District 3) sales manager for Hanover-Bates Chemical Corporation. He is now in charge of helping that district...
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...Working Paper The BP Oil Spill as a Cultural Anomaly? Institutional Context, Conflict and Change Andrew J. Hoffman Stephen M. Ross School of Business University of Michigan P. Devereaux Jennings University of Alberta Ross School of Business Working Paper Working Paper No. 1151 October 2010 This work cannot be used without the author's permission. This paper can be downloaded without charge from the Social Sciences Research Network Electronic Paper Collection: http://ssrn.com/abstract=1706096 UNIVERSITY OF MICHIGAN The BP Oil Spill as a Cultural Anomaly? Institutional Context, Conflict and Change Andrew J. Hoffman University of Michigan 701 Tappan Street, R4472 Ann Arbor, MI 48109 ajhoff@umich.edu 734.763.9455 and P. Devereaux Jennings University of Alberta Edmonton, Alberta T6G 2R6 CANADA dj1@ualberta.ca 780.492.3998 Forthcoming in the Journal of Management Inquiry October 2010 The authors would like thank Marvin Washington and one anonymous reviewer from the Journal of Management Inquiry for helpful feedback and encouragement in the writing of this article. 1 ABSTRACT This paper argues that the BP Oil Spill is, potentially, a “cultural anomaly” for institutional changes in environmental management and fossil fuel production. The problem as defined by the spill’s context, the potential solutions provided by the competing logics in that context, and the selection of problem-solution...
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...encyclopedia For other uses, see Pollution (disambiguation). The litter problem on the coast of Guyana, 2010 Pollution is the introduction of contaminants into the natural environment that cause adverse change.[1] Pollution can take the form of chemical substances or energy, such as noise, heat or light. Pollutants, the components of pollution, can be either foreign substances/energies or naturally occurring contaminants. Pollution is often classed as point source or nonpoint source pollution. Ancient cultures Air pollution has always accompanied civilizations. Pollution started from prehistoric times when man created the first fires. According to a 1983 article in the journal Science, "soot found on ceilings of prehistoric caves provides ample evidence of the high levels of pollution that was associated with inadequate ventilation of open fires."[2] Metal forging appears to be a key turning point in the creation of significant air pollution levels outside the home. Core samples of glaciers in Greenland indicate increases in pollution associated with Greek, Roman and Chinese metal production,[3] but at that time the pollution was comparatively small and could be handled by nature. Urban pollution Air pollution in the US, 1973 The burning of coal and wood, and the presence of many horses in concentrated areas made the cities the cesspools of pollution. The Industrial Revolution brought an infusion of untreated chemicals and wastes into local streams that served as the water...
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...I n its pure form, fair-value accounting involves reporting assets and liabilities on the balance sheet at fair value and recognizing changes in fair value as gains and losses in the income statement. When market prices are used to determine fair value, fair-value accounting is also called mark-to-market accounting. Some critics argue that fair-value accounting exacerbated the severity of the 2008 financial crisis. The main allegations are that fair-value accounting contributes to excessive leverage in boom periods and leads to excessive write-downs in busts. The write-downs due to falling market prices deplete bank capital and set off a downward spiral, as banks are forced to sell assets at “fire sale” prices, which in turn can lead to contagion as prices from asset fire sales of one bank become relevant for other banks. These arguments are often taken at face value, but evidence on problems created by fair-value accounting is rarely provided. We discuss these arguments and examine descriptive and empirical evidence that sheds light on the role of fair-value accounting for U.S. banks in the crisis. While large losses can clearly cause problems for banks and other financial institutions, the relevant question for our article is whether reporting these losses under fair-value accounting created additional problems. Similarly, it is clear that determining fair values for illiquid assets in a crisis is very difficult, but did reporting fair values of illiquid assets...
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...Communications of the IIMA 25 2006 Volume 6 Issue 2 Disaster Planning and Management Holmes E. Miller Muhlenberg College, Allentown, PA 18104 Kurt J. Engemann Iona College, New Rochelle, NY 10801 Ronald R. Yager Iona College, New Rochelle, NY 10801 ABSTRACT Recent events such as hurricanes, tsunamis, earthquakes, power outages, and the threat of pandemics have highlighted our vulnerability to natural disasters. This vulnerability is exacerbated by many organizations’ increasing dependence on computer, telecommunications, and other technologies, and trends toward integrating suppliers and business partners into everyday business operations. In response many organizations are implementing disaster recovery planning processes. In this paper we discuss how to identify threats and scenarios; how to articulate the disaster recovery strategies; and four elements of the generic disaster recovery plan: Mitigation, preparedness, response, and recovery. We then provide examples of software that can help disaster recovery professionals in the planning and implementation process. Finally we present some trends that will reinforce the criticality of the issue. Keywords: Disaster Recovery Planning; Business Continuity Planning; Risk Assessment INTRODUCTION Several major natural disasters that have occurred in the past few years have placed disaster management on the front pages: The Tsunami of late 2004, Hurricanes Katrina and Rita, and the earthquake in Pakistan in 2005 affected both...
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