Fall of the soviet union Research Paper Example | Topics and Well Written Essays - 1250 words

Fall of the soviet union - Research Paper Example b. In 1985, Saudi Arabia refuses to support international oil-price. As a result, oil-production increased high, but oil-price fell. Consequently, the Soviets lost 20 billion dollars annually. c. So, the Soviets were forced to loan heavily from 1985-1988 and finally, soviet economy completely stalled. II. The economic crisis of Soviet Union, one of the main reasons of soviet downfall, began long before the fall of oil-price in international market. a. The agriculture policy, adopted by the Soviet authority in 1920s played a disastrous role in the country’s production sector. b. In international market, the Soviet Union turned into the largest grain-importer from the largest exporter of grains in the 1980s. c. Also the huge expenditure in the Afghan War pushed the country towards bankruptcy. III. Reagan Doctrine also played a crucial role in the downfall of the Soviet Union. The Reagan Government created effective defense against the communist expansionism in different countrie s of the world by providing the anti-communists with military and moral help. a. The Reagan Government provided military-support to the Taliban in Afghanistan. b. Also by creating a successful defense, it rather accelerated the fall of the Soviet Union by increasing the expenditure on the Soviet’s part. ... l of the Soviet Union Name Course Tutor Date Introduction The fall of the Soviet Union was essentially the result of the combined interaction of a number of factors such collapse of domestic economy, defeating situation in Afghanistan, growing resentment against communism at home and abroad, the United States’ confrontation against the communist expansion, etc. During the first half of the 1980s, the soviet economy began to face increasingly the economic crisis which put the soviet leaders in urgent necessity to deploy more troops in Afghanistan in order to reach the shore of the Indian Ocean. But fortunately Reagan Presidency in the White was far-sighted enough to build a line of confrontation in Afghanistan using the Taliban Militants.1 The situation in the 19980s for the Soviet leaders was somewhat like a dilemma. On one hand, they needed more economic resources to survive. The more they fed the gigantic soviet Army at abroad at the expense of domestic development and econo mic growth, the faster the domestic economy collapsed. Moreover, the Reagan Presidency was successful enough to grow a diplomatic defense in the Middle Eastern countries. As a result, around the middle of the 1980s, the Soviet troops gained popularity as an invading force, whereas the United States emerged as a pro-liberation power at home and abroad. Subsequently, in September 13, 1985, Saudi Arabian Government declared that it would, no longer, support the oil-prices. As a result, oil-depended soviet-export sector began to fall head down, losing $20 billion dollars annually, in the beginning of 1986.2 Indeed the subsequent soviet steps to prop up domestic economy were not effective enough to rescue the country from the oncoming bankruptcy, in 1989, made the collapse of the regime inevitable.

Power dynamics and empowerment issues Essay Example | Topics and Well Written Essays - 1750 words

Power dynamics and empowerment issues - Essay Example Power is realized and applied through certain social laws, actions and even strikes. The example, in terms of health it can be the social policy of a definite state. If local hospitals will have the power to check all potential HIV carriers then the rate of the malady spread will surely go down. Another example may include the power given to the directors of organizations not set the pre-condition of non-smoking in the office. This aspect is also very important to the health promotion. Power is the best incentive for some organizations to step in. For instance there many medical institutions that just do not have power to fulfill all their plans and intentions. There is an organization that strives for treating alcoholics. It is well known in the medicine that this chronic disease is treated only with the patient’s consent. However, only a small percentage of the drunkards are going to accept them being ill. That is why this organization demands to be given the power to take such people to hospitals by force. The thing is that in this way doctors limit a patient’s freedom that is considered the most violent crime in the modern world. On the other hand such person terrorizes the whole family not allowing them to live peacefully. Mothers and wives cannot cope with the physical force of a drunken man and have only to suffer. All their exhortations result in nothing – the only way out to fight with alcoholism is to give power to medical centers to go ahead. During several decades social discrepancy, poverty, famine, and other social disaster has risen significantly. Despite the rising numberÐ º of prosperous people in the developed countries – they constitute for about 20%, at those developed countries the number of poor people has reached the amount of 30%. â€Å"World-wide health disparities are increasing due to vulnerability to disease from severe malnutrition, rapid re-emergence of water and

Strategic Management Individual Assignment Example | Topics and Well Written Essays - 1750 words

Strategic Management Individual - Assignment Example ith their operational strategy so as to render enhanced services to the community and to promote consistent growth of the business (McKellar, 2010, p.136). To support and execute sustainable development in its broader sense, it is necessary for the management to achieve some strategic changes in terms of decision making processes, project cycle, and organisational culture (Business strategies for sustainable development, 1992). This could be attained through the implementation of a strategic environmental analysis system. This paper will discuss what a strategic environmental analysis system is and the essential analysis frameworks in the external and organisational environments. According to Kessler, â€Å"Strategic Environmental Analysis (SEAN) is a structured, participatory process to analyse environmental problems and opportunities for development, to identify main actors, and to define strategic goals at early stages.† (Kessler, 2000, p.136). The most notable feature of this system is that it tries to address the inter-relationship between environmental concerns and socio-economic development concerns (Erdmenger, et al, 2000, p.80). The SEAN considers the elements of different conceptual and environmental assessment backgrounds, such as strategic environmental assessment. Another potential feature of this framework is that it tends to be proactive by acting on the early stages of decision making instead of being reactive or defensive (Segnestam et al, 2003). Since SEAN is a potential framework to identify the areas of overlap between environmental and socio-economic development issues, it can better assist the organisation to develop effective bu t achievable sustainable development goals. SEAN is an effective way to set strategic priorities because it can minimise the complexities and uncertainties involved in the strategic planning process while at the same ensuring that critical issues do not go unaddressed (Dalal-Clayton & Sadler, 1999, p.na). A

The Second World War (WWII) - News Article :: World War 2 II Two

The Bomb Was Dropped Today is the day after the mass destruction of Hiroshima. On Monday, August 6th the first atomic bomb to be used in war fare was dropped. The atomic bomb â€Å"Little Boy† as they called it was drooped at approximately 8:15am Japanese standard time. The B-29 Bomber â€Å"Enola Gay† was the one to have dropped the atomic bomb yesterday which caused mass destruction. When the bomb reached approximately 2,000 feet above the surface it was detonated. Reports say that â€Å"Little Boy† caused a massive wind that leveled houses up to 1.5 miles from the center of the explosion. â€Å"A bright light filled the plane," wrote Lt. Col. Paul Tibbets, the pilot of the Enola Gay, the B-29 that dropped the first atomic bomb. "We turned back to look at Hiroshima. The city was hidden by that awful cloud...boiling up, mushrooming." He was astonished at what they have done. Today the day after the drop of â€Å"Little Boy† it is unknown of the amount of deaths and it is believed to be in the tens of thousands. What will happen next? Will we see Japan surrender the war? In the up coming days we will see how this concludes. Today is the day after the mass destruction of Hiroshima. On Monday, August 6th the first atomic bomb to be used in war fare was dropped. The atomic bomb â€Å"Little Boy† as they called it was drooped at approximately 8:15am Japanese standard time. The B-29 Bomber â€Å"Enola Gay† was the one to have dropped the atomic bomb yesterday which caused mass destruction. When the bomb reached approximately 2,000 feet above the surface it was detonated. Reports say that â€Å"Little Boy† caused a massive wind that leveled houses up to 1.5 miles from the center of the explosion. â€Å"A bright light filled the plane," wrote Lt. Col. Paul Tibbets, the pilot of the Enola Gay, the B-29 that dropped the first atomic bomb.

Weighted Average Cost of Capital and Yeats

Extra Credit Assignment: Yeats Valves and Controls Inc. Completed as a Group with the Following Individuals: (in alphabetical order by last name) Adetunji Adeniyi Tung F. Cheng Gregory Chiu Rashmin Patel WenHao Zhang Course Title: Accounting and Finance Course No. /Section: MG6093 Instructor: Frank X. Apicella November 28, 2012 Yeats Valves Question The following are questions which should focus the groups on important aspects of the Yeats Valves case. Note the actual case name is Yeats Valves and Controls, Inc. The case number is UV0094.There is also a spreadsheet – that number is UV0184. As mentioned   – the corresponding case is TSE  International Corp. – case # UV0114. 1. What is the situation that this company faces? Yeats Valves and Controls, Inc. is currently considering a merger with TSE International Corporation. The founder, who is Chair and CEO, W. B. â€Å"Bill† Yeats, is about to reach his 62nd birthday and does not have a succession plan. He is concerned with the future of his company as none of the other executives can take his place because they are all specialists.Bill Yeats believes that TSE can provide stability to Yeats as he is reaching retirement, and TSE is a larger company with better marketing and global distribution channels. However, he is concerned with the fit of the two companies even though he thinks TSE is a better partnership than other alternatives. 2. What are the strengths and weaknesses of Yeats and its counterparty, TSE? Unlike TSE, which is more global-oriented with indirect distribution channels, Yeats has a stronger national and direct distribution channel.TSE has a larger mass market production system (high volume) while Yeats has a more customized market production (lower volume). In addition, Yeats has a strong R&D, having many patents for multiple applications, particularly with its latest development of the Widening Gyre Program that has a high-profile government contract. This might not be reflected in the stock of the company as a growth opportunity. 3. Why should Yeats and TSE want to negotiate a merger deal?Yeats is considering this merger deal because it would offer a succession plan for the company as TSE is a much larger company that can offer Yeats financial stability without having Yeats to identify new capital (debt and equity) on its own to fund the Widening Gyre Program (an advanced hydraulic-controls system). Yeats needs additional funding in order to continue the R&D of the Widening Gyre Program. Also, TSE has the expertise of mass manufacturing that Yeats need for widening its reach in commercialized distribution.In order to maintain a competitive edge, Yeats need both the finance and manufacturing capabilities of TSE as other competitors in the same industry have been consolidating more and more. However, Bill Yeats is concerned about losing voting control from a merger with TSE. He also wants to ensure that Yeats employees are kept after the mer ger and its stockholders gain value from the merger. He wants TSE to continue the R&D and commercialization of the Widening Gyre Program; and for him to stay on as head of Yeats until TSE can fully operate Yeats by ffering him a reasonable bonus plan. Though Bill Yeats could turn to another company, Rockheed Marlin, a large defense contractor, or other companies, he prefers TSE because he is familiar with TSE and they have complementary needs. Bill Yeats also ruled out a joint venture with TSE because he felt it was an inferior alternative as it will have the same integration issues. To reduce tax obligations, Yeats and TSE want to complete the merger in a stock-swap deal. 4. Use valuation analysis to determine the valuation of Yeats. What are the key value drivers?As mentioned above – Note the Harvard web site has a student spreadsheet for Yeats Valves that you  should  use as the basis for your analysis. Questions are contiinued below – One way of determining val uation of Yeats is through WACC, the Weighted Average Cost of Capital. It is the minimum return a company needs to earn in order to satisfy its investor base (as weighted for the amount of debt vs. equity in the target/capital structure), which is what the company must pay investors to raise new financing to support new projects or ventures.WACC is particularly useful here because Yeats has no debt, thus, it is an equity financed company. In the case of Yeats, the company must have capital to continue to develop and market its new Widening Gyre Program. The formula for WACC = Re (E/V) + Rd (D/V)(1-t) However, because Yeats does not have debt, the second half of this formula, Rd(D/V)(1-t) is not necessary. Being that Yeats has zero debt, the value of its equity is in full, which represents its Enterprise Value. Tax (t) is determined in the case as 40% or . 40 (p. 5).We must then calculate the CAPM for the cost of equity (see Excel sheet for details): Re = Rf + Beta (Rm-Rf) Re = Requi red Return on Equity Rf = Risk Free Rate = 5. 98 (p. 16) Beta = Measure of Risk relative to the general market (volatility) = 1. 5 (p. 5) Rm-Rf = Equity Market Risk Premium (EMRP) = 5. 5 (p. 16) Rm = Market Risk Rf = Risk Free Assets (U. S. treasury security) With Beta at 1, the stock price changes in precise tandem with the market, but with Yeat’s beta at 1. 5, it is more risky than a group of peer stocks. Thus, Re = Rf + Beta (Rm-Rf) Re = 5. 98 + 1. 5 x 5. 5Re = 14. 23%, the cost of equity at for Yeats Then calculate WACC = Re (E/V) + Rd (D/V)(1-t) WACC = 14. 23 (100%) + 0 (0%) (1-40%) WACC = 14. 23% Addtional Questions for Yeats / TSE cases 5. What do you believe Yeats valves is worth? What key financial assumptions determine the range of high and low values in your valuation analysis? Also, draw on any other valuation approaches and information that you can. With WACC = 14. 23% Assuming Terminal Growth Rate = 4% 1) Terminal Value (or present value at a future point) with $ represented in 1,000 = $7059. 8 (1+4%) (14. 23% – 4%) $71771. 1 = $72 million 2) DCF (Discounted Cash Flow calculated using a financial calculator): CF0 = 0 CO1 = 4689. 3 CO2 = 4584. 3 CO3 = 5302. 1 CO4 = 6127. 4 CO5 = 78830. 9 I = 14. 23 NPV = 55306. 17 NPV = $55. 306 million 3) Equity Value= 55,306,170 Minus Debt= 0 Divided by Outstanding Shares = 1,440,000 or $55,306,170 1,440,000 Equity Value per Share = $38. 407 per share Other valuations can include comparing P/E ratios with other peer companies. Also comparable are Price/Revenues, Price/EBIT and Price/EBITDA. See exhibits 8 and 9 for comparable Ratios of Peer Firms. 6.What are the advantages and disadvantages of a combination between Yeats and TSE Int? The advantages of combining Yeats with TSE would be that Yeats can offer R&D expertise that TSE lacks, and TSE can offer manufacturing and marketing expertise that Yeats lacks. With TSE’s commercialized global reach and Yeats’ national government contract s, it would be expected that there would be financial synergies that would benefit both companies in the long-term, including cost savings from greater purchasing power for materials and components, and application of TSE’s Six Sigma for higher quality control savings.This would increase value to stockholders of both organizations and offer diversification. However, the disadvantage would be that the two companies operate differently and will have to find a common ground that would allow them to merge their cultures. One of the concerns mentioned in the case is that Yeats has a more entrepreneurial operation that might not fit TSE. Both companies will have to be open-minded to learn each other’s methods of operations. 7. What risks do TSE Int. and Yeats Valves face in the proposed merger?Consider a range of transaction, financial and operating risks. What effect do these risk factors have on the value of Yeats Valves? In the proposed merger, TSE will not want to over p ay for the proposed merger while Yeats will not want to be under-valued in the stock swap. Yeats has a concern that TSE may under-value its Widening Gyre Program, which could be under-estimated by the market price. Bill Yeats wants to stay on to operate Yeats after the merger with a bonus and return to R&D rather than focusing on raising capital.TSE has to know how much value such a transaction will offer TSE being that TSE has very little experience in financing R&D. Both companies must consider their differences in operating cultures and the risks involved over the long-term viability of the two companies. TSE must consider how long they will have Bill Yeats as he is nearing retirement at a time when TSE might need Bill Yeats to maintain the success of this merger. What long term bonuses may be required to attract Bill Yeats to remain, and what succession plan might TSE have to come up with for Yeats Inc.?These are all risks to both parties. 8. Develop a negotiating strategy i. e. , an opening asking price to sell your company – Yeats – as well as the price below which you would walk away from the deal. Justify your ‘drop dead’ or walk away price. Being that the Terminal Value is at $72 million, we would ask to sell Yeats to TSE at that opening price. However, in calculating the Discount Cash Flow Value with Net Present Value at $55 million, this would be the drop dead price we would walk away from the deal.A value between these ranges would be preferred, as the minimum ($55 million) represents the equity value of Yeats and the maximum ($72 million) represents the future value of Yeats. In addition to the price negotiations, we would also negotiate social terms (as suggested by Bill Yeats). This includes for Yeats’ employees not to be terminated after the merger and Bill Yeat to remain as head of Yeats with bonuses (five year options to purchase 80,000 shares of TSE stock at 90% of market price at the close of acquisition, a nd an incentive bonus of $50,000 to $200,000 per year).

Dignity and Transformation in the Face of Tragedy in The...

It is not very often, when you read a book that you see hopeful and stirring themes placed against a backdrop of terror and tragedy. The â€Å"Grapes of Wrath†, written by John Steinbeck in 1939, is a gritty and realistic picture of life for migrant families in California during the Great Depression in the face of a drought, all struggling to build lives for themselves and maintain their dignity amongst the rampant capitalist self-interest of landowners. â€Å"The Grapes of Wrath† is both a novel both a naturalistic epic and a social commentary. Steinbeck tackles major themes such as suffering inflicted from man unto man and the snowballing effects of both selflessness and selfishness, all seen through the eyes of an altruistic, omniscient narrator†¦show more content†¦The climax of the struggle occurs as Jim is murdered by a police officer, who Tom then kills. In the absence of the group’s spiritual leader, Tom steps up and joins together a large group of migrants to fight for better conditions, finding his purpose as a man of the people and leaving the Joad family on his own. The book concludes when Tom’s sister, Rose of Sharon, gives birth to a stillborn baby, and uses her milk to save a starving man, representing the community of migrants and humans in the face of oppression. Jim Casey, the spiritual and moral center of the novel, is a character worth analyzing more in depth. When Casey joins Tom on his journey, he is a bit of an enigma. An ex-preacher, he was cynical to the theatrical trappings of all things church-related, however his spirituality is unshaken. In a Christ-like acceptance of the flaws of others (a figure with whom he shares initials), he sees holiness not within following a certain set of rules, but in being compassionate and fully embracing the human experience. In this, I believe Steinbeck used this character as a voice for the central theme of the book. He unflinchingly accepted all tragedy thrown the way of his surrogate family with kind words and a grace that was almost other-worldly. His violent death further solidifies his position as a martyr and a change-maker,Show MoreRelatedJohn Steinbeck s The Great Depression1405 Words   |  6 PagesThe historical masterpiece written by John Steinbeck portrays a story about a humble family who are forced to find jobs during the time of the Great depression. The characters are hopeful, as they pray for a pray for a brighter future. Steinbeck tries to demonstrate the strength of unity, and that working together will triumph anything that is done individually. Rather than sticking to their own beliefs, the characters are modeled by their environment. They have no choice but to seek help to beRead MoreBlack Naturalism and Toni Morrison: the Journey Away from Self-Love in the Bluest Eye8144 Words   |  33 Pagesthis mean that by focusing on the influences of environment in literature we are labeling our main characters helpless victims? Absolutely not. In The Street Lutie Johnson fights the ghetto with a determination that can only be called heroic; her tragedy is that she loses her battle against her surroundings, but her triumph consists of her willingness to break the boundaries that both white and black society had created for African American women in the 1940s. I n Toni Cade Bambara s The Lesson,

Cheating As A Way Of Life - 879 Words

Cheating is known as a way of life for some individuals in this day and age. There are various types of cheating, for instance, in academics, relationships, or in the work place. Deceiving is too often accepted nowadays and it is not seen as an insult or a sin. Is cheating approved, as there is less religion and morals in the world? Consequently, few people have never cheated in their lives in any aspect of growth. Cheating has become extra common in relationships and academic institutions as a result of high scholastic standards, laziness, and absent virtues. Cheating is always wrong, however, everyone still performs it. It has become a vast deal too apparent today. Remarkably, abounding activities pass as cheating present-day. Whether it is in school, work, sports, relationships, or just life in general, cheating is frequent and familiar. 75% of high school students have admitted to cheating (Educational Testing Service (ETS), 1999). On another note, 70% of men and 50-60% of women conceded to cheating on their spouse (FOX News Network, 2016). An exceeding sector of the world’s population agrees that cheating is not always wrong, and can be beneficial. Cheating may result in getting a good grade or getting ahead, however, ultimately, nothing was learned, and comparable to lying, in the end, it is not worth accomplishing. Umpteen students are unaware of what classifies as cheating, and even if they are aware, they are still tempted to cheat. Different types of cheatingShow MoreRelatedCheating is a Crime1023 Words   |  4 Pageshopes of finding a way to cheat off of the note card. In today’s educational system it has become very common for students to cheat their way through school. High Schools have an honor code and other rules in place in order to prevent students from cheating, although it is still very common to cheat. 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Many pressures contribute to academic dishonesty such asRead MoreCheating on College Examinations980 Words   |  4 Pagesï » ¿Name Professor Course Date Cheating on College Exams Introduction Any form of cheating is a form of dishonesty. It is an act of accomplishing something in an unethical behavior. Cheating is used in any kinds of exams, especially college exams. Does it really happen? Sure it does. We argue that many college students cheat during examinations because of several reasons. They can be nervous that is why they cheat, it can also be a reason of time management wherein some college students also workRead MoreShould Cheating Be More Informed About Cheating? Essay1231 Words   |  5 Pagesthroughout their life. Cheating has occurred for decades in a variety of ways, for when they attended school, at a workplace, or most importantly in relationships. Cheating has converted to a norm in our society with technology making it easier to cheat. 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