tensions‚ and perseverance through adversities. Although Detroit has a long and prosperous history‚ primarily due to its automobile industry‚ a bankruptcy was filed on July 18‚ 2013. By this time‚ the city had reached 18-20 billion dollars in debt. This collapse not only affected the city’s industries‚ but the citizens of Detroit as well. Detroit is known to be one of the most difficult cities to live in as it breeds economic hardships. As Detroit rebuilds itself from economic and political failure‚ many
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Chilean Mine Collapse Timothy E. Smith BCOM/275 September 8‚ 2013 Dr. William Rankin Abstract On August 5‚ 2010 a mine owned by Minera San Esteban in Northern Chile‚ collapsed trapping 33 workers 2‚300 feet underground for a length of two months. While trapped underground the normal shift leader managed the workers lives allowing them to survive until they were rescued. Because the ventilation shafts were not damaged during the collapse‚ the miners were able to breathe fresh air. A year after
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corporate scandals of Enron‚ Tyco‚ and WorldCom. Before filing for bankruptcy in 2001‚ Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems in the world‚ totaling more than 36‚000 miles. It was also one of the largest independent developers and producers of electricity in the world‚ serving both industrial and emerging markets. Enron began as a pipeline
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MULTICULTURALISM AND EUROPE By - SUJOY SUR MAHIMA DEEPAK SRIVASTAVA CONTENTS Abstract | 3 | Introduction | 4 | Multiculturalism | 5 | Multiculturalism in Europe | 6 | i) Germany | 7 | ii) Britain | 9 | iii) France | 11 | Reasons for failure | 13 | Solution | 14 | Conclusion | 16 | Bibliography | 17 | ABSTRACT This paper tries to define the concept of Multiculturalism and the working
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Collapse of the Housing Market. The purpose of self-governing is to make government work better by allowing people to help govern themselves. And the people do that by electing Representative to talk for them‚ to protect life‚ liberty and personal properties. “The absolute rights of individuals may be resolved into the right of personal security‚ the right of personal liberty‚ and the right to acquire and enjoy property… and that consists in being protected and governed by laws made‚ or assented
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The central text for this project is the film Enron: The Smartest Guys in the Room by filmmaker Alex Gibney. This film investigates‚ documents and then exposes the many moves that led to the collapse of Enron. The director focuses on the chief leaders of the corporation as his principal characters in order to develop the story as a human tragedy. Throughout the course of the film‚ each leading character is revealed. All players were found to be distinct in their strategies and methods. However
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Case Study: S&S Air Inc. Founders of S&S Air‚ Inc. Mark Sexton and Todd Story recently hired Chris Guthrie to come on board as their financial planner. His job entailed gaining valuable information as to compare how their company was fairing with competing companies in the aircraft manufacturing industry. Through his research‚ Guthrie calculated many ratios through the careful examination of S&S Air’s balance sheet and income statement
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This story begins with a former back office clerk being promoted to a derivatives trader for Barings Bank’s Singapore Branch and ends with the collapse of a 232-year old banking empire. As we began researching this assignment‚ we all asked the same question‚ "How does a 28 year old trader bring about the collapse of a 232-year old banking empire?" To understand how this debacle came about‚ one must have a basic understanding of the nature of a derivative and what they are designed to do. Initially
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Marc Shaffer Directed by Marc Shaffer Correspondent Hedrick Smith ANNOUNCER: It was a meteoric rise. VOICE: We will become the world’s leading company. ANNOUNCER: And a devastating collapse. VOICE: Enron is a corporate Chernobyl. VOICE: You had the entire system playing fast and loose. VOICE: It is not just Enron‚ it’s an industry problem. LYNN TURNER‚ SEC Chief Accountant (1998-2001): It is real‚ real damage to the country. ANNOUNCER: Why didn’t anyone sound an alarm? VOICE: The watchdogs work
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The Collapse of the American Dream Prosperity‚ job security‚ hard work and family union are some of the concepts that involves the American Dream‚ generally speaking. Some people think this dream is something automatically granted; or in contrast‚ as in the story "Death of a Salesman" written by Arthur Miller‚ as something that has to be achieved in order to be successful in life. The play takes issues with those in America who place to much stress on material gain‚ instead of more admirable
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