operated as a cotton manufacturing company. In 1965‚ Warren Buffet declared to take over it and he became the chairman and CEO of Berkshire Hathaway. Since then‚ this company started to be well known by the world. Market value implication On May 24‚ 2005‚ Buffet announced that MidAmerican Energy Holding Company‚ a subsidiary of Berkshire Hathaway would acquire PacifiCorp which is an electric utility company. He decided to use $5.1 billion in cash and $4.3 billion in liabilities and preferred stock
Premium Berkshire Hathaway Warren Buffett
the start of the video game industry. Soon after its release‚ several companies began producing games that copied Pong’s gameplay‚ and eventually released new types of games. Music There was a ’boom’ of Australian music acts in the early 1970s‚ Spectrum‚ ACDC‚ and Daddy Cool were some of the most successful Australian bands of this time. The popularity of surf culture continued into the 70s. From 1972 to 1975 the Sunbury Music Festival (considered to be Australia’s answer to America’s Woodstock)
Premium Video game Arcade game Pong
U.S. Economy 2004-2005 EC303 05/01/2013 The U.S. economy has seen its share of glory and uncertainty over the last century. Going from a leading economic giant to the assumed financial capital of the world‚ each year brings new challenges for the economy. This paper will examine and highlight growth‚ price level‚ interest rates and monetary policy during 2004 and 2005. Gross domestic product (GDP) is the market value for all goods and services produced‚ also known as economic output‚ within
Free Monetary policy Inflation Central bank
huge protest. That people all over the country participated in‚ during the spring of 1970. Roughly 20 million people participated in the protest addressing concerns of the air and water pollutions‚ the pesticides that were harming all wildlife‚ the population boom‚ and much more. After this event happened in 1970. The government needed to take action to satisfy the people needs. They created the Clean Air Act (1970)‚ the Environmental Protection Agency (EPA)‚ the Clean Water Act (1972)‚ and much more
Premium Environmentalism Earth Natural environment
PoMo became part of societal and cultural transitions after World War 11 and the general crowd and moderate culture made a marger change during 1960-1970. This movement basically describes the broad movement of development and was given a new creating remix of work which became a disassociated from the oppositions and arguments of the modern-postmoderns durning the late 20th century. Post modernism is known to be part of the historical era‚ and is seen as a reflection of a moment that could
Premium Modernism Sociology Postmodernism
Part 1 : Examine and analyze the financial ratios for eight pairs of unidentified companies and match the description of the company with the financial profile derived from the financial ratios. Beer Company D has higher current ratio and quick ratio which is higher 2.43x and 2.3x respectively. This was because Company D had higher cash and short term investment which was 55.6% while Company C only has 1.4%. It proves that Company D is financially conservative and it matches with the second described
Premium Financial ratios Balance sheet Financial ratio
Ghettos‚ 1910-1970 After the Emancipation Proclamation was passed‚ most of the black population scattered to find their families and friends. About ninety percent of African Americans lived in the confederacy and around 1970 more than fifty percent lived outside of the south. Millions of African Americans sought to escape poverty in the south by moving to Northern cities where they hoped to find better lives‚ also seeking bigger opportunity and racial tolerance. Most of the migrants
Premium Southern United States African American United States
Case 1: Warren E. Buffet‚ 2005 What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically‚ what does the $2.55 billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? The possible changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of acquisition announcement indicates the market approval for the acquisition and for both sellers
Premium Warren Buffett Berkshire Hathaway Stock market
The October Crisis‚ 1970 By: Amrita Banik One of the most common things heard about over news and school are terrorism acts. The October Crisis of 1970 was just another one of them. Two members from the Front de Libération du Québec (FLQ) had kidnapped James Cross and Pierre Laporte. Cross was a British Trade Commissioner and Laporte was a Quebec Labour Minister. After this was heard‚ Prime Minister‚ Pierre Trudeau had invoked the War Measures Act and had sent armed forces through Quebec to help
Premium Quebec Canada Pierre Trudeau
The Eagles are the most successful American rock band of the 1970s‚ formed in Los Angeles in 1971. The members that have played in the band are Randy Meisner‚ Glenn Frey‚ Don Henley‚ and Bernie Leadon. They have successfully made ten albums and are still a band today. Hotel California was the Eagles fifth album and was their best selling album (despite The Eagles Greatest Hits). The album was made on Asylum (a recording company) in late 1976. This is their first album without one of their founding
Premium Rock music