The oil spill in the Golf of Mexico

Introduction The USA oil is drilled from the sea. This is done at the Gulf of Mexico. Considering that this calls for pipe connections to be able to distribute and get that oil to the people. The oil spill in the Gulf of Mexico was out of a leakage from one of the oil well. The oil spill was as a result of an explosion during the sinking of a new oil well in the Gulf of Mexico.Advertising We will write a custom essay sample on The oil spill in the Golf of Mexico specifically for you for only $16.05 $11/page Learn More A report by the government indicated that it was out of subsequence leakages due to ruptured pipes which resulted to an explosion. There was effort made to try and close the emergency valve which failed. The explosion consequently led to the sinking of an oil rig1. This caused an increased leakage of oil which was out of the hands of the engineers. Considering that the wells are made in the sea and there is a lot of pressure from the surrou nding waters it ought to be professionally done. This in its nature made the control of the situation more complicated. The spillage cover was extensive above 39 miles along the Mexican gulf coastline. Environmental impacts of the spillage Having three things in place, the leakage of the oil, the explosion and the sinking of the oil rig, this made a tremendous spread of the oil in the Gulf. Though efforts were made to clean out the spillage it’s less possible to wash the oil off the rock. In the gulfs the oil has spread and it is now floating into the wetlands. This is possible to holds toxins from this oil for years. The mangroves along the coastland which act as a filter to the coast waters are endangered in that the oil is toxic to them which will adversely affect these plants and all the inhabitants of the mangrove forest. This speaks danger to the wetland animals. Considering that this is their nesting periods that is the time for hatching and rearing. This means there m ight be an extinction of species which hatch in these wetlands and also the species that are only found in the Mexican gulf. Taking an example of alligators which are preparing to reproduce, their young animals will be put into contact with toxic oil. This will also forced move through the oily waters in search for food. The oil spillage will harm most of the sea animals present in the affected areas. They include the bird species which are aquatic, species of fish and turtles. The wetlands are favorable place for nesting which is the periods of reproduction and multiplication of the sea animals2.Advertising Looking for essay on ecology? Let's see if we can help you! Get your first paper with 15% OFF Learn More The burning of the oil in the sea to clew up the sea is a goods idea but somewhat it may not work especially if the oil mixes with water. It also a hazard to the environmental for it release a lot of carbon dioxide and other chemical in the air. This has been wh at we have been fighting in order to maintain the o-zone layer. This is not the best way out to cleaning the sea. Economic impacts of the oil spillage According to some of the officials of the state and those of the oil company it interpreted means loss of approximately 200 thousands jobs will represents $11 billion in the economy. The BP ought to compensate the families of those who died in the explosion as well as those who lost their way of earning a living. In additional to this the clean up will also cost. This is a lot of out put considering that there is no much input3. The people who have lost their jobs mean that they will have to streamline their expenses which have an impact on the general economy considering they are a large group of people. This great numbers that loose the employment may impose a big responsibility to the housing department especially in their effort to recover the house from most of these employees due to lose of their jobs. The spillage also locks ou t tourists from the beaches where they have enjoyed meaning reduced income from the tourism sector. The wetlands are high economy movers through local or internal tourism in the USA. The spillage affected the wetlands interfering with tourist site and a place of interest to sun worshippers. The wetlands are good sporting grounds with the spillage this closes out the accessibility of the wetland for sporting. The oil spill will automatically destroy the way of life of the commercial fishermen. The interference with the normal life cycle of the aquatic life brings about a generational gap which may result to other gaps in future. This would be a big blow to fishermen. This would be in response to the destruction of the Blue fin Tuna which are predominantly found in the Mexican gulf. It also includes the nesting young ones that die in the oil spills and those mature aquatic animals which are not able to salvage their lives. Conclusion Though effort was made to prevent the spillage from reaching the coastland; which is dominated by mangroves and a home for many aquatic animals and birds nothing much was accomplished. The environmental and economical impacts of this oil spillage are not only instant but they be felt even times to come. Bibliography Boosharticles. Mexican Gulf Oil Spill Threats Ecological System, 2010. Web.Advertising We will write a custom essay sample on The oil spill in the Golf of Mexico specifically for you for only $16.05 $11/page Learn More Rioux, Paul. Gulf of Mexico oil spill’s environmental impact expected to be profound, long-lasting. The Times-Picayune; 2010. Web. Young, Jennifer. The Potential Economic Impact of the Oil Spillage, 2010. Web. Footnotes 1 Boosharticles. Mexican Gulf Oil Spill Threats Ecological System. 2 Paul, Rioux,.Gulf of Mexico oil spill’s environmental impact expected to be profound. 3 Jennifer, Young. The Potential Economic Impact of the Oil Spillage. This essay on The oil spill in the Golf of Mexico was written and submitted by user F1sher to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Essay about Mr. Flowerbottom

Essay about Mr. Flowerbottom Essay about Mr. Flowerbottom Mr. Flowerbottom. My special item is a giant mushroom. His name is Mr. Flowerbottom and he represents me in many ways. Like my mushroom counterpart, I not only use life to my advantage. Death is also fruitful because through growing on it, I am able to become stronger and learn from my experiences. The different types of mushrooms convey my mood. Sometimes I may be the magic psilocybe cubensis which teaches others, other times I may be the amanita bisporigera, the destroying angel, when I’m in a bad mood. Most of the time I am the common morchelle which is edible by all and not feared by any. The long stem of Mr. Flowerbottom represents my life leading up to its peak, the head. Here the intricacies, knowledge and the truth of life is stored waiting to be passed on and sprouted. The mushroom is the base of life. It thrives in any situation, any climate, in the light and in the dark. It is not dependent on others, it grows where it wishes. We mushrooms provide a means of both cleansing and nutrie nts for others. Mushrooms know and have experienced nature in its purest form. They can provide shelter for others and they can reveal to you the secrets of the earth and why things are. Mr. Flowerbottom represents the life of others and me in our most elementary form, functioning enough to stay alive and to help others. The flowers on Mr. Flowerbottom relate to my happiness and the joy of living. They show personality and joy. The floral design is symbol of detail and mystery, it requires thinking and imagination to decide why they are there and what they mean. My life is shown through these because I am also stuck on the great mysteries of existence and through thought and thinking someday

Requisitos para viajar sin visa a EE.UU. como turista

Requisitos para viajar sin visa a EE.UU. como turista Cada aà ±o, millones de turistas viajan sin visa a Estados Unidos porque tienen un pasaporte de uno de los 38 paà ­ses incluidos en el Programa de Exencià ³n de Visados (VWP, por sus siglas en inglà ©s). En este artà ­culo se informa sobre quà © paà ­ses estn incluidos en esa lista, los casos de doble nacionalidad, cules son los requisitos, quà © es la autorizacià ³n para viajar o ESTA, tambià ©n mal llamada visa electrà ³nica, cul es su costo y, finalmente, cules son las ventajas y los inconvenientes de ingresar sin visa a ingresar con visa de turista B2. Paà ­ses en Programa de Exencià ³n de Visas y doble nacionalidad En la actualidad,  38 paà ­ses estn incluidos en el Programa de Exencià ³n de Visados, casi todos europeos o asiticos. Esta regla general tiene una excepcià ³n y es que si los ciudadanos de esos paà ­ses tienen doble nacionalidad con Irn, Irak, Siria o Sudn entonces no pueden beneficiarse de ese programa. De todos los paà ­ses hispanohablantes, solamente los ciudadanos de Espaà ±a y Chile pueden beneficiarse de este programa para viajar sin visa a Estados Unidos.  Es suficiente con tener pasaporte chileno o espaà ±ol, aunque se resida habitualmente en otro paà ­s. En el caso de personas con doble nacionalidad, cuando uno de los pasaportes est incluido en el listado del VWP puede utilizarse cualquiera de ellos para ingresar a EE.UU. Si se elige el que permite viajar sin visa, es necesario que a su titular no se le hubiera negado o cancelado previamente una visa a EE.UU. solicitada con el otro pasaporte. Por ejemplo, una mujer colombiana nacida en Colombia pero que tiene un pasaporte italiano porque su padre tenà ­a esa nacionalidad y se la transmitià ³ a la hija puede ingresar a EE.UU. con el pasaporte colombiano con visa de turista o con pasaporte italiano y la ESTA. Sin embargo, si esa misma mujer solicità ³ una visa con el pasaporte colombiano y le fue negada, no puede ingresar con ESTA y pasaporte italiano. Es obligatorio que solicite y obtenga la aprobacià ³n de una visa B2. Sin ella, no podr viajar a Estados Unidos como turista. Las autoridades estadounidenses saben que se trata de la misma persona con pasaportes de dos paà ­ses diferentes por las huellas digitales. Se toman a todo solicitante de visa y tambià ©n a los turistas extranjeros en los pasos de control migratorio y el sistema informtico encuentra la coincidencia. Requisitos para viajar sin visa a EE.UU. Adems de tener un pasaporte de un paà ­s incluido en el listado del VWP, es necesario cumplir otros requisitos. En primer lugar, por aplicacià ³n de la Ley de Mejora del Programa de Exencià ³n de Visas y Prevencià ³n de Viaje Terrorista de 2015, es condicià ³n fundamental para viajar a EE.UU. sin visa no haber viajado a Irn, Irak, Libia, Siria, Somalia, Sudn o Yemen en fecha del 1 de marzo de 2011 o posteriormente. La à ºnica excepcià ³n son los diplomticos o miembros de ejà ©rcitos que hubieran estado en esos paà ­ses por razones de su trabajo. Otro requisito es que el pasaporte debe ser digitalizado con un chip integrado que pueda leer una computadora y con fecha de expiracià ³n de al menos seis meses ms que el dà ­a previsto de finalizacià ³n del viaje a EE.UU., si bien hay excepciones a este requisito para algunos paà ­ses. Asimismo, es imprescindible que cada persona que viaja tenga su propio pasaporte. En otras palabras, nià ±os y bebà ©s deben tener su propio documento y no estar incluidos en el pasaporte del padre o de la madre. Si se quiere llegar a un puesto migratorio de EE.UU. por avià ³n de là ­nea regular o barco, debe llenarse por internet antes de viajar el formulario ESTA, que significa Sistema Electrà ³nico de Autorizacià ³n para Viajar. Adems, se debe tener ticket de regreso. Por el contrario, si se llega en avià ³n o barco privado es obligatorio solicitar a la embajada o consulado una visa de turista. Si se llega por una frontera terrestre no es necesario solicitar autorizacià ³n electrà ³nica. Al llegar allà ­ debe completarse un documento que se conoce como  I-94 registro de ingreso y salida. Otro requisito a cumplir es que el propà ³sito del viaje debe ser turismo, negocios, visitar amigos o familiares, recibir tratamiento mà ©dico o participar en una feria o conferencia. Bajo ningà ºn concepto se puede trabajar. Por ejemplo, los periodistas que tengan la intencià ³n de cubrir un evento debern pedir el correspondiente visado. Tampoco es legal buscar trabajo cuando se tiene situacià ³n de turista. Tampoco se puede estudiar, a menos que se trate de una actividad a tiempo parcial por menos de 19 horas a la semana. Por otro lado, es posible casarse en situacià ³n de turista pero para evitar problemas se recomienda seguir unas directrices de precaucià ³n. Finalmente, es imprescindible no ser inelegible o inadmisible para ingresar a EE.UU. y que, por otra parte, son los mismos requisitos que se exigen a todos los que solicitan visas no inmigrante en un consulado americano. Esas son dos grandes categorà ­as incluyen diversas situaciones como, por ejemplo, haber estado previamente en EE.UU. ms tiempo que el autorizado, carecer de lazos econà ³micos, familiares y sociales fuertes en el paà ­s de residencia habitual, etc. Las causas de inelegibilidad o inadmisibilidad pueden dar lugar a que el oficial migratorio en el puerto de entrada (aeropuerto, puerto o frontera terrestre) niegue la entrada a EE.UU. Ventajas de viajar sin visa frente a obligacià ³n de obtener visa de turista B2 La posibilidad de viajar sin visa es, en primer lugar, ms cà ³modo ya que supone que no se deben obtener los documentos obligatorios y de apoyo que se presentan en el consulado o embajada de Estados Unidos durante el trmite de la entrevista para obtener la visa de turista B2. Otra ventaja es que es un proceso es ms rpido, ya que no hay que esperar a la entrevista ni programar una maà ±ana de tiempo dedicada a presentarse en el consulado y, dependiendo del paà ­s, tambià ©n a un Centro de Apoyo CAS o ACS. Adems, viajar sin visa es ms barato. En estos momentos la visa de turista tiene un costo de $160 por persona, que se puede incrementar en algunos paà ­ses en cumplimiento de leyes de reciprocidad. Esa cantidad nunca se recupera, aunque la visa sea negada. Por el contrario, la autorizacià ³n para viajar que se conoce como ESTA tiene un costo de $14 y si es rechazada el solicitante obtendr un reembolso de $10 con lo que el costo es de $4 para esos supuestos. Adems, la ESTA la puede solicitarla cualquier turista que cumple todos los requisitos del VWP desde su casa sin necesidad de presentar documentacià ³n o acudir a una entrevista en un consulado. Cabe destacar que no es necesario solicitar la ESTA si se llega a una frontera de Estados Unidos por và ­a terrestre. Autorizacià ³n de viaje ESTA vs. visa electrà ³nica y tiempo mximo de estancia en USA Es comà ºn llamarle visa electrà ³nica a la ESTA, pero no es correcto. No es una visa y, al no ser una visa, no se puede bajo ningà ºn concepto extender el tiempo mximo autorizado de presencia en EE.UU. Tampoco se puede cambiar por otra visa como, por ejemplo, la de turista, por la misma razà ³n, porque la ESTA no es una visa. Y lo mismo aplica a los que ingresan con pasaporte de un paà ­s incluido en el listado de los VWP y sin ESTA porque llegan a travà ©s de una frontera terrestre. Un ingreso a EE.UU. sin visa bajo este programa tiene una estancia mxima de 90 dà ­as. A los tres meses hay que salir del paà ­s. No hay posibilidad de prà ³rroga. Si durante la estancia en Estados Unidos, el turista visita brevemente Bermudas, Canad o Mà ©xico, al regresar se podr entrar, pero no se alargar el tiempo de estancia que seguir siendo el mismo que correspondà ­a a la primera entrada. Cabe destacar que ss muy comà ºn que justo antes de acabar los tres meses la persona extranjera salga a Bermudas, Mà ©xico o Canad por un periodo corto de tiempo, con el fin de lograr un nuevo permiso de estancia en Estados Unidos por otros tres meses. En el momento que regresa puede suceder que el oficial de Inmigracià ³n le deje entrar, sin conceder ms dà ­as extras. Sin embargo, tambià ©n puede que  no le permita regresar a Estados Unidos. La razà ³n es clara: se est vulnerando el espà ­ritu de las leyes migratorias de EE.UU. Si quiere prolongar su estancia en Estados Unidos deber salir del paà ­s conseguir la visa apropiada en una embajada o consulado americano. Finalmente, es recomendable  este test de respuestas mà ºltiples sobre la ESTA y sobre viajar sin visa para asegurar los conocimientos que aplican a esta situacià ³n y evitar problemas migratorios en EE.UU. Puntos Claves: viajar sin visa a Estados Unidos Las personas con un pasaporte incluido en el listado del Programa de Exencià ³n de Visados (VWP) pueden viajar sin visas a Estados Unidos como turistas, para tratamiento mà ©dico, reuniones de negocios, etc.En la actualidad, 38 paà ­ses estn incluidos en el VWP, entre ellos Chile y Espaà ±a. La mayorà ­a de los otros paà ­ses son europeos y asiticos.No pueden viajar sin visa bajo este programa las personas que han visitado Irn, Irk, Siria, Somalia, Sudn, Libia o Yemen con fecha de 1 de marzo de 2011 o posteriormente. Ests excluidos de esta regla militares y diplomticos que viajaron por razà ³n de sus viajes.Si se llega a EE.UU. por barco o avià ³n regular, debe solicitarse con autoridad una autorizacià ³n para viajar conocida como ESTA. No es necesaria si se llega por tierra. Si se llega en avià ³n o barco privado no se puede viajar con ESTA y es imprescindible solicitar una visa de turista.La estancia mxima de estancia en EE.UU. cuando se viaja bajo este programa es de 90 dà ­as. Este es un artà ­culo informativo. No es asesorà ­a legal.

War of 1812 Term Paper Example | Topics and Well Written Essays - 1000 words

War of 1812 - Term Paper Example Yet the availability of the military accounts could contribute to the writings of the domestic history of the war. Hickey argued that America lost the war because â€Å"it had initiated the contest and yet had not achieved the aims for which it was fighting† (743). Indeed Hickey’s point is that the primary targets of the war were not achieved. Hickey suggests that the Napoleonic view of the war is flawed within itself, as John Elting committed the mistake by viewing the war from a Napoleonic perspective. Hickey draws a good deal of references to the Canadian authors on the War of 1812. For most of the Canadian authors, Canada won the war, as it established the country as a strong nation. Among the authors that Hickey describes in his essay, Gerard Atloff’s work is important because it deals with the neglected role of the African American in the War. In another paragraph, Hickey deals with the authors who focused on a good deals of topics such as the men and offic ers of the armies in the war, the Old Northwest, the Niagara Frontiers, the St. Lawrence and Lake Champlain Front, the Chesapeake Bay, the Southwest and Gulf Coast, The Indians, The War at Sea, etc. Hickey argues that though these topics seem to render a vivid picture of the war in 1812, there are still some missing parts of the war that need to be dealt with, as he says, â€Å"Does this renaissance mean that we can drop the label ‘forgotten conflict’? .....Moreover, virtually all the new work has been confined to the wars military history; the domestic history and the diplomatic history have been largely ignored† (764). In the article â€Å"William Henry Harrison in the War of 1812†, Beverley W. Bond primarily deals the difficulties Harrison faced during the war and his military skills. Meanwhile he has tried to assess the true place of Harrison in the war. According to him,

Change & Continuity in Contemporary Business Essay

Change & Continuity in Contemporary Business - Essay Example It also enthused the workforce with renewed vision of the company and provided clarity to them with regard to their roles in the makeover of the organization. Yet, the transformation could be called only a part success since this transformation has not solved the company’s major problem of ageing median age of its customers. The company would be again forced to brainstorm in order to tackle this situation. In the hurry to tackle immediate crisis, it has not made any provision for future market changes. It is yet to act as per the perceived changes in the coming years. Eventually, the report recommends that Harley Davidson should seek its future in newer market segments with new products. Among its employees, it should train and guide a chosen set of people to catch the signs of advancing change in the market scenario and take steps to prepare accordingly. It also recommends the organization to diversify in other automobile segments such as cars and commercial vehicles. As evident from the time bar above, Harley Davidson saw lots of ups and downs before it entered the transformation phase. Harley Davidson, in its early days was the only motorcycle manufacturer in America and ruled the motorcycle market. However, it was caught unawares when foreign entrants flooded the market with innovative, quality and affordable products. The Japanese players catered to newer market segments untapped by Harley. The change in management of the company and the new management’s haste to catch up with the competitors added to the woes of the company which was already suffering from declined market share. The company slumped to its lowest in terms of market share i.e. 23%. It was at this point that few of its managers decided to take over the company. They tried to understand the strengths of the competitors and the weaknesses of their own organization and brought about a fresh insight into work. Under the able leadership

Fast Food and the Problems with Fast Food Essay Example for Free

Fast Food and the Problems with Fast Food Essay Fast Food Having an Effect on U. S Health Fast food chains are anywhere and everywhere. You cannot drive to town without passing at least two or three of these â€Å"restaurants. † The concept behind fast food was a good idea, but the results were catastrophic in the health aspect. Now that fast food has become one of the top industries in the world, everything has gone awry. The fast food industry has drastically changed the way people view food, how convenience is rising and the cost for products. Fast food restaurants first started as drive-ins with car hops, but in the 1980’s began with drive-thru windows. McDonald’s was one of the first ones to convert from car hops to drive-thru windows. The idea of fast food service brought about a whole new concept to how we view food. Without proper education in the health field typical Americans would not know what their body needs and what they consume. Maybe if that was the case the obesity rate and rates of chronic heart disease would plummet and we could focus on more important problems. When these restaurants began to spring up, it spread like wildfire. Sonic, McDonalds, Burger King, Wendy’s and etc. all became multi-million dollar companies. They discovered they could mass-produce products that were cheap and that could make them money faster than what they had to been doing before (Super-Size Me). Fast food has sprung up and become a leading industry because they are focused on quick, cheap food for people. Despite how bad it is for them it is cheap and fast to produce. They are extremely convenient due to the drive-thru windows that are being incorporated into any and all fast food restaurants. The food that you buy is relatively inexpensive and cheap also. Another key point to fast food restaurants popularity is that they are advertising their foods more towards the children. McDonald’s has their cartoon show that advertises their products to children along with the play places and their mascot, Ronald McDonald. They also incorporate toys and such for the kids’ meals. Burger King does something similar to McDonald’s with their characters. There are many lawsuits against corporations advertising to children for fast food, which are still being reviewed for the time being. This advertising is being sued because of the high rates of obesity in younger children is sky rocketing and chronic heart diseases at younger ages is also a factor in these lawsuits (Food, Inc). The health factors play perhaps the largest role in any type of food industry. â€Å"The disadvantages to fast food is that the products are higher in soya, fat, sugar, oil, fried meat, salt cheese, mayonnaise, and obviously salt†(Bose). There are very little nutrients in fast food if any due to the process of frying the foods to cook them. There is also bacteria present on the food before frying it which can do harm to our bodies if not destroyed also. There is a direct link between fast food and obesity, coronary heart disease (CHD) and diabetes. Fast food is loaded with salt and fats that are not needed for the body to function which after a long period of â€Å"exposure† can lead to CHD and obesity. â€Å"Eating fast food two or more times a week was also found to increase the risk of developing type 2 diabetes by 27 percent† (University of Minnesota). The advantages of fast food are more for convenience than nutrition. †In a survey done by WebMD the top 11 reasons for eating fast food are as follows: They’re quick, they’re easy to get to, I like the taste of fast food, they’re inexpensive, I’m too busy to cook, it’s a â€Å"treat† for myself, I don’t like to prepare foods myself, I don’t like to prepare foods myself, My friends/family like them, it is a way of socializing with friends and family, they have many nutritious foods to offer, they’re fun and entertaining†(Hitti). This survey just shows that most Americans do not have time or do not make the time to prepare meals for themselves and their families. If families are too be healthier individuals they need to make time to prepare meals for the entire family. Choosing one day out of the week to cook meals for the whole week is a great and convenient solution to this problem. The major chains that have flourished greatly are McDonald’s with their advertising towards children and very inexpensive foods, Burger King with their better â€Å"quality† tasting food, and Sonic which kept the drive in style fast food, but incorporated a drive thru into their layout. Each of these restaurants have one thing in common, they all advertise to children as their main concentration. Keeping their restaurants friendly and geared towards kids pushes the kids to want to keep going to these places so they can eat and play. Sonic does not offer a play place or anything like what Burger King and McDonald’s have. Sonic keeps more of the older style of fast food using car hops and drive ins which plays to their advantage being one of the very few restaurants that even do this anymore. One of the biggest problems with fast food is that they try to keep us in the dark about what we are consuming. That should raise the question of what is being hidden from us. In the documentary, Food Inc. all of the corporations producing foods refused to comment on their procedures. The farmers were not even allowed to let the cameramen into their chicken houses. This alone should tell us there is something that these companies are hiding that could cause them to lose a lot of money. If you watch closely to how these companies operate then that alone should raise an eyebrow or two as to what is their big secret and why are we the consumers kept in the dark about this. For McDonalds, the chicken nuggets they sale are not actually chicken nuggets. The â€Å"nuggets† are the leftovers of the chicken made into a pink paste like substance that is then made into a chicken nugget. None of the meats made are 100 percent beef or chicken or fish. The products are leftovers of the real ingredients ground up and mixed with other products to make what we consume. Trans-fatty acids are placed into the products to preserve them which only make them worse for us, which leads to insulin resistance over time and cause Type 2 diabetes. The beef has been reported to have less than 2 percent actual beef in the burgers. Many of the mystery ingredients in fast food are typically industrial chemicals. The occurrence with deaths due to how our food is processed is becoming a major concern for most states. Unfortunately FDA regulations are very lax with food processing companies and fast food companies because some of the â€Å"big wigs† are working for these food companies (Food, Inc. ). The beef that is being processed for our consumption are typically standing in their own manure, which causes infected meats and disease ridden food. Also chicken houses are very similar to the way beef is raised. The chickens are packed into these houses and pumped with steroids so they will grow much faster and much larger than normal. This means less time spent raising the chicken and faster money in the pockets of the corporations. Food is an essential part of life. It is necessary to live and to function throughout the day. The type of food we consume is up to us, we can have healthy, nutritious food or we can have quick, unhealthy food. The choice comes down to our knowledge of what we consume and need as humans. Unfortunately fast food has changed how we view food, how convenience is a greater commodity than nutrition and the cost for products. Works Cited Bose, Debopriya. â€Å"Advantages and Disadvantages of Fast Food. † 12 Nov. 2013. Buzzle. Web. Clarke, Nancy. â€Å"Health Risks Involved When Eating Fast Food. † 9 Sep. 2013. Demand Media. Web. Food, Inc. Dir. Robert Kenner. Perf. Michael Pollan, Eric Schlosser, Gary Hirschberg, and Joe Halatin. Magnolia Pictures, 2008. Documentary. Henshaw, Ashley. â€Å"The Major Health Hazards of Fast Food. † 9 Sept. 2013. SymptomFind. Web. Hitti, Miranda. â€Å"Top 11 Reasons for Fast Food’s Popularity. † 12 Nov. 2013. WebMD. Web. Pereira, Mark, David S. Ludwig, Alex I. Kartashov, Cara B. Ebbeling, Linda Van Horn, Martha L. Slattery, David R. Jacobs. â€Å"Fast-food Habits, Weight Gain, and Insulin Resistance (The CARDIA Study): 15-Year Prospective Analysis. † 9 Sept. 2013. 365. 9453(2005): 36-42. Web. 9 Sept. 2013 Martindale, Diane. â€Å"Fast Food is a Major Public Health Hazard 177. 2380. † 2 July 2012. Organic Consumers Association. 9 Sept. 2013. Web. Super-Size Me. Dir. Morgan Spurlock. Perf. Morgan Spurlock, Daryl Isaacs, and Lisa Ganjhu. Kathbur Pictures, 2004. Documentary. University of Minnesota Academic Health Center. â€Å"Fast Food Intake Increases Risk of Diabetes and Heart Disease in Singapore. † ScienceDaily. 9 Sept. 2013. Web. Weiss, Thomas C. â€Å"Associated Health Risks of Eating Fast Foods. †. Disabled World. Fast Food Having an Effect on U. S Health Fast food chains are anywhere and everywhere. You cannot drive to town without passing at least two or three of these â€Å"restaurants. † The concept behind fast food was a good idea, but the results were catastrophic in the health aspect. Now that fast food has become one of the top industries in the world, everything has gone awry. The fast food industry has drastically changed the way people view food, how convenience is rising and the cost for products. Fast food restaurants first started as drive-ins with car hops, but in the 1980’s began with drive-thru windows. McDonald’s was one of the first ones to convert from car hops to drive-thru windows. The idea of fast food service brought about a whole new concept to how we view food. Without proper education in the health field typical Americans would not know what their body needs and what they consume. Maybe if that was the case the obesity rate and rates of chronic heart disease would plummet and we could focus on more important problems. When these restaurants began to spring up, it spread like wildfire. Sonic, McDonalds, Burger King, Wendy’s and etc. all became multi-million dollar companies. They discovered they could mass-produce products that were cheap and that could make them money faster than what they had to been doing before (Super-Size Me). Fast food has sprung up and become a leading industry because they are focused on quick, cheap food for people. Despite how bad it is for them it is cheap and fast to produce. They are extremely convenient due to the drive-thru windows that are being incorporated into any and all fast food restaurants. The food that you buy is relatively inexpensive and cheap also. Another key point to fast food restaurants popularity is that they are advertising their foods more towards the children. McDonald’s has their cartoon show that advertises their products to children along with the play places and their mascot, Ronald McDonald. They also incorporate toys and such for the kids’ meals. Burger King does something similar to McDonald’s with their characters. There are many lawsuits against corporations advertising to children for fast food, which are still being reviewed for the time being. This advertising is being sued because of the high rates of obesity in younger children is sky rocketing and chronic heart diseases at younger ages is also a factor in these lawsuits (Food, Inc). The health factors play perhaps the largest role in any type of food industry. â€Å"The disadvantages to fast food is that the products are higher in soya, fat, sugar, oil, fried meat, salt cheese, mayonnaise, and obviously salt†(Bose). There are very little nutrients in fast food if any due to the process of frying the foods to cook them. There is also bacteria present on the food before frying it which can do harm to our bodies if not destroyed also. There is a direct link between fast food and obesity, coronary heart disease (CHD) and diabetes. Fast food is loaded with salt and fats that are not needed for the body to function which after a long period of â€Å"exposure† can lead to CHD and obesity. â€Å"Eating fast food two or more times a week was also found to increase the risk of developing type 2 diabetes by 27 percent† (University of Minnesota). The advantages of fast food are more for convenience than nutrition. †In a survey done by WebMD the top 11 reasons for eating fast food are as follows: They’re quick, they’re easy to get to, I like the taste of fast food, they’re inexpensive, I’m too busy to cook, it’s a â€Å"treat† for myself, I don’t like to prepare foods myself, I don’t like to prepare foods myself, My friends/family like them, it is a way of socializing with friends and family, they have many nutritious foods to offer, they’re fun and entertaining†(Hitti). This survey just shows that most Americans do not have time or do not make the time to prepare meals for themselves and their families. If families are too be healthier individuals they need to make time to prepare meals for the entire family. Choosing one day out of the week to cook meals for the whole week is a great and convenient solution to this problem. The major chains that have flourished greatly are McDonald’s with their advertising towards children and very inexpensive foods, Burger King with their better â€Å"quality† tasting food, and Sonic which kept the drive in style fast food, but incorporated a drive thru into their layout. Each of these restaurants have one thing in common, they all advertise to children as their main concentration. Keeping their restaurants friendly and geared towards kids pushes the kids to want to keep going to these places so they can eat and play. Sonic does not offer a play place or anything like what Burger King and McDonald’s have. Sonic keeps more of the older style of fast food using car hops and drive ins which plays to their advantage being one of the very few restaurants that even do this anymore. One of the biggest problems with fast food is that they try to keep us in the dark about what we are consuming. That should raise the question of what is being hidden from us. In the documentary, Food Inc. all of the corporations producing foods refused to comment on their procedures. The farmers were not even allowed to let the cameramen into their chicken houses. This alone should tell us there is something that these companies are hiding that could cause them to lose a lot of money. If you watch closely to how these companies operate then that alone should raise an eyebrow or two as to what is their big secret and why are we the consumers kept in the dark about this. For McDonalds, the chicken nuggets they sale are not actually chicken nuggets. The â€Å"nuggets† are the leftovers of the chicken made into a pink paste like substance that is then made into a chicken nugget. None of the meats made are 100 percent beef or chicken or fish. The products are leftovers of the real ingredients ground up and mixed with other products to make what we consume. Trans-fatty acids are placed into the products to preserve them which only make them worse for us, which leads to insulin resistance over time and cause Type 2 diabetes. The beef has been reported to have less than 2 percent actual beef in the burgers. Many of the mystery ingredients in fast food are typically industrial chemicals. The occurrence with deaths due to how our food is processed is becoming a major concern for most states. Unfortunately FDA regulations are very lax with food processing companies and fast food companies because some of the â€Å"big wigs† are working for these food companies (Food, Inc. ). The beef that is being processed for our consumption are typically standing in their own manure, which causes infected meats and disease ridden food. Also chicken houses are very similar to the way beef is raised. The chickens are packed into these houses and pumped with steroids so they will grow much faster and much larger than normal. This means less time spent raising the chicken and faster money in the pockets of the corporations. Food is an essential part of life. It is necessary to live and to function throughout the day. The type of food we consume is up to us, we can have healthy, nutritious food or we can have quick, unhealthy food. The choice comes down to our knowledge of what we consume and need as humans. Unfortunately fast food has changed how we view food, how convenience is a greater commodity than nutrition and the cost for products. Works Cited Bose, Debopriya. â€Å"Advantages and Disadvantages of Fast Food. † 12 Nov. 2013. Buzzle. Web. Clarke, Nancy. â€Å"Health Risks Involved When Eating Fast Food. † 9 Sep. 2013. Demand Media. Web. Food, Inc. Dir. Robert Kenner. Perf. Michael Pollan, Eric Schlosser, Gary Hirschberg, and Joe Halatin. Magnolia Pictures, 2008. Documentary. Henshaw, Ashley. â€Å"The Major Health Hazards of Fast Food. † 9 Sept. 2013. SymptomFind. Web. Hitti, Miranda. â€Å"Top 11 Reasons for Fast Food’s Popularity. † 12 Nov. 2013. WebMD. Web. Pereira, Mark, David S. Ludwig, Alex I. Kartashov, Cara B. Ebbeling, Linda Van Horn, Martha L. Slattery, David R. Jacobs. â€Å"Fast-food Habits, Weight Gain, and Insulin Resistance (The CARDIA Study): 15-Year Prospective Analysis. † 9 Sept. 2013. 365. 9453(2005): 36-42. Web. 9 Sept. 2013 Martindale, Diane. â€Å"Fast Food is a Major Public Health Hazard 177. 2380. † 2 July 2012. Organic Consumers Association. 9 Sept. 2013. Web. Super-Size Me. Dir. Morgan Spurlock. Perf. Morgan Spurlock, Daryl Isaacs, and Lisa Ganjhu. Kathbur Pictures, 2004. Documentary. University of Minnesota Academic Health Center. â€Å"Fast Food Intake Increases Risk of Diabetes and Heart Disease in Singapore. † ScienceDaily. 9 Sept. 2013. Web. Weiss, Thomas C. â€Å"Associated Health Risks of Eating Fast Foods. †. Disabled World.

Giotto Bizzarrini and the Bizzarrini BZ2001 :: essays papers

Giotto Bizzarrini and the Bizzarrini BZ2001 When you’re to look upon the Bizzarrini BZ-2001, you’d see that there are no bounds to the imagination of Italian car stylists. The BZ-2001 is the work of Giotto Bizzarrini whose portfolio includes many past exotic cars. Right now, the BZ-2001 rides on the tubular chassis of a Ferrari Testarossa, and is powered by the Ferrari’s 380-horsepower flat-12-cylinder engine. But true to past Bizzarrini designs, plans are afoot to switch to American small-block V-8 power, and to discard the Ferrari’s frame for a chassis built solely of carbon fiber. With more power and less weight than the car has now, performance should be phenomenal. Many people might think that this is an all-Italian automobile, but it’s not. It was first started when Berry Watkins, who is a resident of California, sketched a few crude line drawings of what this dream car could look like. He then showed these drawings to Ing. Giotto Bizzarrini at the Pebble Beach Concours D'Elegance event. At this event, Berry Watkins was displaying his Scaglietti Berlinetta Corvette, which was considered by many that attended to be one of the most beautiful Italian bodied sports cars at Pebble Beach that year. Ing. Giotto Bizzarrini was very impressed with Berry’s work. Giotto Bizzarrini and Mr. Watkins exchanged ideas about what a future sports car or super car would look like. It was evident that Giotto Bizzarrini was very interested in the ideas Mr. Watkins offered. While all of the sketches and drawing were being exchanged, an agreement was signed in May of 1991 between Giotto and Giuseppe Bizzarrini and Mr. Watkins whereby the concept automobile would be the responsibility of Bizzarrini, and the construction, finance and development would be the responsibility of Mr. Watkins. In April of 1990, Luis Romo was elected to be the BZ-2001 project manager. Luis had been the Project Manager for the Dodge Viper Prototype at Metal Crafters. He was also on the Mazda Miata design team and was the Project Manager for the Plymouth Speedster and many, many other exciting development projects. To realize Bizzarrini's concept drawings and sketches, Luis translated them into a 1/5 clay model which was then compared to the original 1/8 plastic model presented to Bizzarrini; and there was basically very little similarity in proportion or style. There were many designers that came from all parts of the world to work on the CAD (Computer Aided Design) part of the project.

Negative Effects of Genetically modified food Essay

Since the beginning of life, nourishment is the first requirement for all kind of alive. According to Chassy (2007), early humans lived a hunter gatherer lifestyle and that around 10000 years ago they started to transition into an agricultural lifestyle. Also they feed animals to their milk, meat and eggs. Later, some people interested in agriculture in order to survive and earn money. In today’s world, technological developments and medical improvements resulted in higher life standards and world population become more and more crowded. Lots of farmers and food companies emerged in order to meet the needs of this growing population. Organic foods started to be insufficient for human beings because of the increasing population. As a result of this insufficiency, people seek different kind of foods with the help of technological developments and they created genetically modified foods (GM foods). Genetically modified crops first appeared commercially in the mid-1990s and today GM crops are grown commercially by 8. 25 million farmers on 200 million acres spread throughout 17 countries (Schmidt, 2005). Genetically modified foods or biotech foods can be described simply as foods derived from genetically modified organisms. These crop plants created for human or animal consumption using the latest molecular biology techniques. In his essay â€Å"Genetically Modified Foods: An Insight† Raaz Maheshwari (2012) explains that â€Å"Genetically modified foods are derived from genetically modified organisms. Genetically modified organisms have had specific changes introduced into their DNA by genetic engineering, using a process of either Cisgenesis or Transgenesis. These techniques are much more precise than Mutagenesis (mutation breeding) where an organism is exposed to radiation or chemicals to create a non-specific but stable change. † At the beginning, these crops have a bright and promising future. However, safety of genetically modified foods was started to questioned and become a central issue driving the genetic engineering controversy today (Carman, 2004). Although some scientists claims that food derived from GM crops on the market does not have greater risk to human health than organic foods, there is a idespread research on several negative effects of GM foods , including safety issues, economic concerns and environmental hazards. Recently, concerns about GM foods have raised by all environmental activists, religious organizations, public interest groups, professional associations, other scientists and government officials. Also, they criticized potential hazards of GM food (Whitman, 2000). Specifically, this study posed the r esearch question: What are the general negative effects of genetically modified foods on earth’s ecology and human health. As I mentioned earlier, humanity always requiring all kind of food. Although they meet their requires from hunting very beginning, agriculture is the main food resources when the first crop harvested. However food resources doesn’t enough for humanity because of huge crowds, because of th? s reason people find a new form of food which named genetically modified foods or biotech foods. These foods derived from genetically modified organisms. Since mid-1900s genetically modified foods using our daily meal and from these time these foods always negotiated. There is no exact consequences of these negotiations. However, there are lots of negative effects of genetically modified foods on earth’s ecology and human health such as; allergetic diseases, poisoning both human and animals and killing beneficial insects. To begin with, lots of result of researches show us genetically modified foods are dangerous for natural life. According to Batalian(N. D. ) studies about GM products shown that these products can kill beneficial insects which most notably the monarch butterfly larvae. He also said there are other studies related to the death of bees which are died during a contained trial with Monsanto’s Bt cotton, springtails and ladybird beetles. He said his same essay other studies about GM potatoes, spliced with DNA from the snowdrop plant and a viral parameter, show us these potatoes was poisonous to rats. Between the many insect pollinators of agricultural crops, honey bees are the best known (O’Callaghan, 2005). According to O’Callaghan, cotton nectar is really attractive to them and produces useful honey, but if these cottons are genetically modified from engineers it can be harmful for bees why these cottons not natural and it includes different types of proteins and concentrations. Another effect of GM foods on natural life about gene transfer to non-target species. Deborah B. Whitman said his article â€Å"Another concern is that crop plants engineered for herbicide tolerance and weeds will cross-breed, resulting in the transfer of the herbicide resistance genes from the crops into the weeds. These ‘superweeds’ would then be herbicide tolerant as well. Other introduced genes may cross over into non-modified crops planted next to GM crops. † Genetically modified foods effects the natural life where the people plant them. For example GM trees or ‘super-trees’ are being developed which can be sprayed from the air to kill literally all of surrounding life, except the GM trees (Batalian,N. D. ). He also said these trees are often sterile and flowerless which is in contrast to rainforest teaming with life, or where a single tree can host thousands of unique species of insects, fungi, mammals and birds in an interconnected ecosphere. There are also terminator trees which has developed plants with the New Zealand Forest Research Agency to create still more lethal tree plantations. These super deadly trees are look like super-trees, however these kind leaves exuding toxic chemicals to kill caterpillars and other surrounding insects(Batalian,N. D. ) Like the other effects of GM foods it also causes increasing numbers of resistant pests. According to Mellon (N. D. ), â€Å"There are signs that the most popular HT crops-those resistant to the herbicide glyphosate-will lose effectiveness as weeds become resistant to the herbicide. Scientists expect that BT crops, too, will succump to pests that evolve resistance to the BT toxins. Secondly, consumption of genetically modified foods from humans effects their health negatively. First effect of GM foods on human health is allergenicity. According to Bakshi (N. D. ), food allergy is a very important health issue with the prevalence of immunoglobulin E antibody-mediated food allergies among adults being approximately 2% and nearly 5% in children. Bakshi also said consumption of genetically modified foods may trigger all ergic reaction. For example Bakshi said kiwi fruit not associated with any allergies in the 1960s. However , there are some people who are currently allergic to it; the allergenic protein in the kiwi fruit was identified to be actinidin. Bakshi also said â€Å"Genetically modified foods can introduce novel proteins into the food supply from organisms that are never consumed as foods. Some of those proteins could be allergenic. † Second effects of GM foods on human health is antibiotic resistance. Antibiotic resistance is the ability of an organism to be unaffected by the antibiotic, occurs naturally by evolution. According to Bakshi(N. D. , genetic engineering usually involves the use of genes for antibiotic resistance as ‘selectable markers. ’ These markers help to choose cells that consolidated foreign genes. There are concerns that these chosen genes might recombine with pathogenic bacteria in the environment or with naturally occurring bacteria in the gastrointestinal tract of mammals who consume genetically modified food, contributing to the growing public health risk associated with antibiotic resistance for infections that cannot be treated with traditional antibiotics. It must be true negative effects of GM foods because lots of European countries including Britain have refused to allow the Novartis Bt corn to be grown because the ampicillin resistance gene might be transferred from Bt corn to bacteria which these bacterias making a far less effective antibiotic against bacterial infections (Bakshi,N. D. ). Similarly Bakshi , enhs. umn. edu, said â€Å" In recent years health professionals have become alarmed by the increasing number of bacterial strains that are showing resistance to antibiotics. Bacteria develop resistance to antibiotics by creating antibiotic resistance genes through natural mutation. Third effect of GM foods on human health is cancer and degenerative diseases. According to article of Batalian (N. D. ) , lots of researches show us GM foods or hormones which is used for increased milk production in cow causes breast and prostate cancer. Also he said some of Canadian researches prove that GM organism which injected rats mammals l ike humans, this organism damaged thyroid cysts and internal organ. Besides , consuming GM foods causes autoimmune diseases, inflammation, arthritis and lymphoma(Batalian,N. D. ) Lastly, gene transfer from GM foods to body cells can cause disease. According to WHO(N. D. ), â€Å"Gene transfer from GM foods to cells of the body or to bacteria in the gastrointestinal tract would cause concern if the transferred genetic material adversely affects human health. This would be particularly relevant if antibiotic resistance genes, used in creating GMOs, were to be transferred. † In the light of all above mentioned studies, it could be said that scientist have not discovered the true researches consequences about genetically modified foods. They growth a non-natural nutrition, however they do not know their effects on human body and environment. It can be cause lots of bad diseases on human body and harm environment. Because it is dangerous for all kind of alive and natural systems, GM foods production processes should be controlled by new ministry and GM foods may be tested before selling in markets. Those who are support GM foods said these foods have benefits on future hunger and they also support we all need these foods in future. According to Feuilherade (2011),humanity needs 40% more foods by the middle of the century and GM foods is the only solution of this big problem. He also add these foods are healthy for human body because if we change the DNAs of foods, lots of vitamins and drugs may added inside the foods. However, www. webmd. com(N. D. ), mentioned these foods are not natural and has no guarantees, also has some important risks, such as; introducing allergens and toxins to food, accidental contamination between genetically modified and non-genetically modified foods, antibiotic resistance and adversely changing the nutrient content of a crop. Scientists and governments always discuss this topic, however there is no exact result about harms or benefits of GM foods. Nobody do not know consequences of GM foods. Maybe after 50 years it will cause lots of diseases even will kill millions of people. There should be more and more researches about these foods and scientist and governments should give more importance, also all government which country interest growing GM foods, they should open new ministry and specific research center of GM foods before sell these product to innocence people. In conclusion, about GM foods, there are lots of researches and its effects on health and environment are not obvious. The scientist will move to improve these foods and sell them billions of people worldwide. With the support of governments and big bosses, poor and ignorant people buy these uncertain foods. Finally, I personally believe that GM foods will cause lots of die forth coming years, because of these reason these procedure should limited and controlled strictly by the government before selling. Also natural agriculture should be supported and use of organic food promoted.

Solution of Week6

Problem 1. 7. Suppose that you write a put contract with a strike price of $40 and an expiration date in three months. The current stock price is $41 and the contract is on 100 shares. What have you committed yourself to? How much could you gain or lose? You have sold a put option. You have agreed to buy 100 shares for $40 per share if the party on the other side of the contract chooses to exercise the right to sell for this price. The option will be exercised only when the price of stock is below $40. Suppose, for example, that the option is exercised when the price is $30.You have to buy at $40 shares that are worth $30; you lose $10 per share, or $1,000 in total. If the option is exercised when the price is $20, you lose $20 per share, or $2,000 in total. The worst that can happen is that the price of the stock declines to almost zero during the three-month period. This highly unlikely event would cost you $4,000. In return for the possible future losses, you receive the price of the option from the purchaser. Problem 1. 21. â€Å"Options and futures are zero-sum games. † What do you think is meant by this statement?The statement means that the gain (loss) to the party with the short position is equal to the loss (gain) to the party with the long position. In aggregate, the net gain to all parties is zero. Problem 1. 30 The price of gold is currently $1,000 per ounce. The forward price for delivery in one year is $1,200. An arbitrageur can borrow money at 10% per annum. What should the arbitrageur do? Assume that the cost of storing gold is zero and that gold provides no income. The arbitrageur should borrow money to buy a certain number of ounces of gold today and short forward contracts on the same number of ounces of gold for delivery in one year.This means that gold is purchased for $1000 per ounce and sold for $1200 per ounce. Assuming the cost of borrowed funds is less than 20% per annum this generates a riskless profit. Problem 2. 3. Suppose th at you enter into a short futures contract to sell July silver for $17. 20 per ounce. The size of the contract is 5,000 ounces. The initial margin is $4,000, and the maintenance margin is $3,000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call? There will be a margin call when $1,000 has been lost from the margin account.This will occur when the price of silver increases by 1,000/5,000 ? $0. 20. The price of silver must therefore rise to $17. 40 per ounce for there to be a margin call. If the margin call is not met, your broker closes out your position. Problem 2. 10. Explain how margins protect investors against the possibility of default. A margin is a sum of money deposited by an investor with his or her broker. It acts as a guarantee that the investor can cover any losses on the futures contract. The balance in the margin account is adjusted daily to reflect gains and losses on the futures contract.If losses are above a certain level, the investor is required to deposit a further margin. This system makes it unlikely that the investor will default. A similar system of margins makes it unlikely that the investor’s broker will default on the contract it has with the clearing house member and unlikely that the clearing house member will default with the clearing house. Problem 2. 11. A trader buys two July futures contracts on frozen orange juice. Each contract is for the delivery of 15,000 pounds. The current futures price is 160 cents per pound, the initial margin is $6,000 per contract, and the maintenance margin is $4,500 per contract.What price change would lead to a margin call? Under what circumstances could $2,000 be withdrawn from the margin account? There is a margin call if more than $1,500 is lost on one contract. This happens if the futures price of frozen orange juice falls by more than 10 cents to below 150 cents per pound. $2,000 can be withdrawn from the margin account if the re is a gain on one contract of $1,000. This will happen if the futures price rises by 6. 67 cents to 166. 67 cents per pound. Problem 2. 21. What do you think would happen if an exchange started trading a contract in which the quality of the underlying asset was incompletely specified?The contract would not be a success. Parties with short positions would hold their contracts until delivery and then deliver the cheapest form of the asset. This might well be viewed by the party with the long position as garbage! Once news of the quality problem became widely known no one would be prepared to buy the contract. This shows that futures contracts are feasible only when there are rigorous standards within an industry for defining the quality of the asset. Many futures contracts have in practice failed because of the problem of defining quality. Problem 2. 6 Trader A enters into futures contracts to buy 1 million euros for 1. 4 million dollars in three months. Trader B enters in a forward contract to do the same thing. The exchange (dollars per euro) declines sharply during the first two months and then increases for the third month to close at 1. 4300. Ignoring daily settlement, what is the total profit of each trader? When the impact of daily settlement is taken into account, which trader does better? The total profit of each trader in dollars is 0. 03? 1,000,000 = 30,000. Trader B’s profit is realized at the end of the three months.Trader A’s profit is realized day-by-day during the three months. Substantial losses are made during the first two months and profits are made during the final month. It is likely that Trader B has done better because Trader A had to finance its losses during the first two months. Problem 2. 29. A company enters into a short futures contract to sell 5,000 bushels of wheat for 450 cents per bushel. The initial margin is $3,000 and the maintenance margin is $2,000. What price change would lead to a margin call? Under what c ircumstances could $1,500 be withdrawn from the margin account?There is a margin call if $1000 is lost on the contract. This will happen if the price of wheat futures rises by 20 cents from 450 cents to 470 cents per bushel. $1500 can be withdrawn if the futures price falls by 30 cents to 420 cents per bushel. Problem 2. 30. Suppose that there are no storage costs for crude oil and the interest rate for borrowing or lending is 5% per annum. How could you make money on May 26, 2010 by trading July 2010 and December 2010 contracts on crude oil? Use Table 2. 2. The July 2010 settlement price for oil is $71. 51 per barrel. The December 2010 settlement price for oil is $75. 3 per barrel. You could go long one July 2010 oil contract and short one December 2010 contract. In July 2010 you take delivery of the oil borrowing $71. 51 per barrel at 5% to meet cash outflows. The interest accumulated in five months is about 71. 51? 0. 05? 5/12 or $1. 49. In December the oil is sold for $75. 23 pe r barrel which is more than the amount that has to be repaid on the loan. The strategy therefore leads to a profit. Note that this profit is independent of the actual price of oil in June 2010 or December 2010. It will be slightly affected by the daily settlement procedures. Problem 3. 1.Under what circumstances are (a) a short hedge and (b) a long hedge appropriate? A short hedge is appropriate when a company owns an asset and expects to sell that asset in the future. It can also be used when the company does not currently own the asset but expects to do so at some time in the future. A long hedge is appropriate when a company knows it will have to purchase an asset in the future. It can also be used to offset the risk from an existing short position. Problem 3. 3. Explain what is meant by a perfect hedge. Does a perfect hedge always lead to a better outcome than an imperfect hedge?Explain your answer. A perfect hedge is one that completely eliminates the hedger’s risk. A pe rfect hedge does not always lead to a better outcome than an imperfect hedge. It just leads to a more certain outcome. Consider a company that hedges its exposure to the price of an asset. Suppose the asset’s price movements prove to be favorable to the company. A perfect hedge totally neutralizes the company’s gain from these favorable price movements. An imperfect hedge, which only partially neutralizes the gains, might well give a better outcome. Problem 3. 5.Give three reasons why the treasurer of a company might not hedge the company’s exposure to a particular risk. Explain your answer. (a) If the company’s competitors are not hedging, the treasurer might feel that the company will experience less risk if it does not hedge. (See Table 3. 1. ) (b) The shareholders might not want the company to hedge because the risks are hedged within their portfolios. (c) If there is a loss on the hedge and a gain from the company’s exposure to the underlying asset, the treasurer might feel that he or she will have difficulty justifying the hedging to other executives within the organization.Problem 3. 17. A corn farmer argues â€Å"I do not use futures contracts for hedging. My real risk is not the price of corn. It is that my whole crop gets wiped out by the weather. †Discuss this viewpoint. Should the farmer estimate his or her expected production of corn and hedge to try to lock in a price for expected production? If weather creates a significant uncertainty about the volume of corn that will be harvested, the farmer should not enter into short forward contracts to hedge the price risk on his or her expected production. The reason is as follows.Suppose that the weather is bad and the farmer’s production is lower than expected. Other farmers are likely to have been affected similarly. Corn production overall will be low and as a consequence the price of corn will be relatively high. The farmer’s problems arising f rom the bad harvest will be made worse by losses on the short futures position. This problem emphasizes the importance of looking at the big picture when hedging. The farmer is correct to question whether hedging price risk while ignoring other risks is a good strategy.

english colonies, north and so essays

english colonies, north and so essays English Colonies, North and South Miguel Fuentes Chesapeake and New England were essentially settled by people from the same country, but the mind set of the two colonies were completely different. All left with the idea of starting a colony, but one was based on religion and prosperousness and the other was based on wealth and greed. As written by John Winthrope, rich, poor, powerful and weak, must work together as one man under god almighty. As he wrote in high spirits aboard the Arbella on the way to the new world. The north seemed more prosperous and well mannered, the north was not afraid of Indians, and try to wage war, but tried to teach and aid the Indians in the teachings of their god. according to the list of emigrants to New England, families were embarking on the voyage to the new world, thus leading to the assumption that these people were going to try and start a colony to populate the new country. The people of the north were religious people and based their life, rules and morales on the teachings of the lord, as shown in the articles of agreement.  The south however was not based on such morales as their opposite counterparts, the north. As gathered from the documents it did not seem as if the south was trying to build a colony at all. According tom the list of emigrants to Virginia, men heavily out weighed women, thus it was hard to build families. When they reached Virginia they dug for gold all the time. These people were worked to death and not fed well as stated in document F. The south constantly waged war with the Indians, invaders such as the Dutch, and themselves. Religion, moral, and greed are some of the words that could be used in contrasting the north and the south. Although they all came from England, they arrived in the new world completely different. They shared very little in common although they both survived, barely in the souths case, when they wee saved by the di ...

Air travel

Aircraft Utilization: The most basic metric for an airline is aircraft utilization. This is a measure of the average number of hours that each aircraft is flying in each 24 hour period. Planes that are flying are probably making money. Planes that are sitting on the ramp, whether undergoing maintenance, suffering delays due to weather or waiting for crews to fly them are not making money. Utilization is a statistic that varies from carrier to carrier and is normally considered a closely guarded corporate trade secret and is not tracked by government. Part of the art in running an airline is keeping utilization high. Load Factor: The next most important metric for an airline is the Load Factor, which measures the percentage of available seats that are filled during a specific period. In 2007 load factors for major airlines ranged from 72-84%[citation needed]. In 2008 U. S. airlines averaged a Load Factor of 79. 74% on domestic flights and 78. 74% on International flights [1] Available Seat-Miles (ASM): The ASM metric is used to track seat supply among airlines. ASM is equal to the number of available seats times the number of miles flown. Revenue Passenger-Miles (RPM): RPM measures the number of seat miles flown for which the company earned revenues. That is, RPM equals the number of filled seats times the number of miles flown. Yield: The amount of revenue earned per RPM is known as the airlines yield. This metric is generally expressed in cents and ranged from 9. 8-13. 1 cents for the major airlines in the first half of 2007[citation needed]. Fuel Costs: Most factors that affect the profitability of airlines are fairly stable, except for fuel costs. Fuel costs are facing extreme risk from the threat of Peak Oil. During January 2009, airline fuel costs averaged $1.76 USD per gallon[2]. Trends and Forces Joseph Weisenthal said in a recent post Airline-In-A-Box: Few businesses have as many variables and challenges as airlines. They are capital-intensive. Competition is fierce. Airlines are fossil fuel dependent and often at the mercy of fuel price volatility. Operations are labor intensive and subject to government con trol and political influence. And a lot depends on the weather. The Dual Mandate Problem The general public, including most investors, is not aware that congress long ago created what is referred to as a dual mandate for regulation of the airline industry. This means that the Federal Aviation Administration (FAA), which is a sub-agency under the U. S. Department of Transportation (U. S. DOT), is charged with both the promotion of the airlines and the safety regulation of the airlines. This creates an obvious conflict of interest and the dual mandate has been questioned and criticized for decades. The question has been asked if the FAA should be divided into two separate divisions, one that would function as a Department of Airline Promotion and another that would function as a Department of Safety. Another proposed solution is to shift the sky police functions involving safety to the National Transportation Safety Board (NTSB). Although the NTSB seems like it might be a good solution to police safety, the political realities of the U. S. Congress, the FAA hierarchy and the extreme size and funding imbalance between the two agencies make it impractical and unlikely that any shift would be feasible. The FAA generally maintains that they do not directly promote the airlines, which is true in the sense that the public doesnt see billboards and television commercials and email campaigns from the FAA promoting airlines. However, the FAA indirectly promotes the airlines in a huge way on a daily basis by imposing generally lax standards and enforcement. In fact, it is a well known historical fact that the FAA is so bad at safety enforcement that there exists what is called in the airline industry the Tombstone Imperative which refers to the fact that over and over again the FAA has known about serious safety issues and refused to correct them and the result was dead people. PGSanalyst 21:11, March 14, 2009 (PDT) The Railway Labor Act Problem The general public, including most investors, is also not aware that labor in the airline industry is regulated by the Railway Labor Act. This is arguably amazingly strange and curious that one of the major modern industries, developed in the early 20th century, and now providing part of the industrial backbone for commerce and industry in the 21st century, is regulated by a body of law that was originally passed to protect wealthy railroad investors from railroad strikes in 1877. As a general rule, airline labor is not allowed to strike, similar to the prohibition on strike actions for Federal Employees and employees of some states. For example, the Airline Pilots Association (ALPA) functions as the collective bargaining agent for most, but not all, of the airlines in the U. S. and most ALPA collective bargaining contract terms provide very, very limited circumstances under which a strike is legally authorized. Another example of the difficulty of labor expressing its grievances by means of a strike is the 1981 Professional Air Traffic Controllers (PATCO) strike that ended with President Ronald Reagan firing the controllers by using the authority of the Taft-Hartley Act that was passed in 1947 to greatly reduce the power and influence of unions in the U.S. The basic thing for a wise investor to understand about labor issues is that happy people are generally more productive than unhappy people and limiting by means of regulations peoples right to express their grievances may not promote happiness of the labor pool and thus adds risk to investments in those businesses in industries affected by labor relations ris ks. PGSanalyst 21:11, March 14, 2009 (PDT) Consolidation After the events of 9/11, the domestic commercial airline industry went into a precipitous freefall, prompting consolidation of several airlines and bankruptcies of others. Elimination of airlines, through consolidation or bankruptcy, benefit both revenuesthrough higher faresand costs by eliminating redundant expenses and routes. Additional terrorist attacks or declines in the overall domestic economy could accelerate consolidation as weaker airlines get acquired by financially stronger ones or become insolvent. Airlines worldwide have also sought to share costs by creating partnerships or alliances. Through these agreements, airlines can share facilities and operational costs (e. g. , maintenance facilities, sales offices) and negotiate volume discounts on large purchases. Passengers benefit from lower prices (due to lower expenses) as well as optimized routes and pooled loyalty rewards, especially in regards to international travel. Since the deregulation of the airline industry begain, airline ownership has been limited to companies and individuals of the operating country. THis has prevented major international mergers and acquisitions from occuring. Recently, the US government has announced its intentions to relax these regulations and clear the way for international ma deals in the airline industry. This could create significant cost-saving and synergy in the rapidly deteriorating industry. The three major global alliances are: Spotlight on Oil Prices Oil Prices are a key factor for airline operations because Jet Fuel costs are directly linked to the cost of the oil that must be refined to produce Jet Fuel. In 2008 fuel is constituting about 34% of an airlines costs, as opposed to about 13% in 2002. [4] For the budget airlines such as Jet Blue and AirTran, this share rises to nearly 50%. The rise has been very drastic just in the first six months of 2008. At the start of the year, jet fuel cost $850 a metric ton. As of June, the cost is now approximately $1300 a ton. [6] Jet fuel is extremely correlated with spot petroleum prices, which have risen significantly over the past several years. On the flip side, the stock prices of domestic airlines tends to be highly negatively correlated to jet fuel prices, indicating the sensitivity of this historically low-margin business to fuel expenses. In an exogenous event for the fuel procurement of airlines, oil companies are increasingly making airlines pay up front for fuel. In the past, the airlines were allowed to use fuel on credit and pay up to weeks later. Now, the oil refiners are eliminating this free credit line and making the carriers prepay. This will cause a negative shift in the short term cash situation for the airlines as they can no longer keep cash from revenues on the books for this credit line period. On June 4, the International Air Transport Association drastically lowered their profit forecasts for the industry. The group now projects that global airlines will collectively lose $2. 3 billion if oil averages $107 for 2008. If the price averages $135 for the last six months of the year, airlines will lose $6. 1 billion. [8] However, on 1 October 2008 Northwest Airlines (NWA) CEO Doug Steenland claimed that his company can maintain profitability even if oil stays at $100 a barrel. [9] Some airlines have utilized hedges to lock in the price of fuel and hence insulate themselves from oil price volatility. Southwest was perhaps the most forward-looking of airlines, and has hedged significant portions of its fuel expenses through 2010 at various prices per barrel below the current market rate. The company will reap benefits compared to other airlines if oil prices continue to rise or remain at current levels. On the other hand, if prices fall below Southwests hedging levels, they will be at a disadvantage to other airlines. American Airlines and United Airlines, on the other hand, have no remaining fuel hedges in the foreseeable future as of 2008. Other airlines have limited remaining hedges. Peak Oil Peak Oil experts from the oil industry are already warning of impending catastrophic drops in oil production that will severely limit the future growth of the airline industry and cause extreme increases in Jet Fuel costs and other oil related costs including fuel for airline support infrastructure such as maintenance vehicles, External Ground Power Units (GPUs), crew transportation vans, airline food costs, etc. , etc.. Some scientists and industry experts are seriously discussing the viability of the entire global airline industry and asking the question of whether their grandchildren will ever even fly on a commercial aircraft? The mere fact that these questions are being asked and remain unresolved should cause a wise investor to carefully consider the long and short term impacts of Peak Oil on the airline industry as a whole. PGSanalyst 21:23, March 14, 2009 Business vs. Leisure Travel Business travel is important to the commercial airline industry for two major reasons. First, it commands a much higher average ticket cost, approximately 5 times higher than the average leisure fare. Second, business travel is less elastic changes in macro-economic trends than leisure travel, which may be considered a form of luxury. In the past 24 months, leisure fares have dropped slightly, ranging from $110 to $100 In the same time frame, business fares have increased significantly, from around $350 to $500 Domestic vs. International Travel International travel accounts for about one-third of all traffic and capacity for the major carriers. Comparing 2007 year to date to the same time period in 2006, these major carriers saw international travel increase by about 5% , which is faster than domestic travel, which was relatively flat. Growth in domestic travel has been soaked up in large part by the regional discount carriers such as Southwest and AirTran. History of Airline Bankruptcies Raises Risk Concerns For Investors Over the period from 1990 through 2006 the Air Transportation Association of America reports that domestic airlines posted a cumulative loss of $22 billion on cumulative revenues $1,866 billion. Since 1978, when commercial aviation was deregulated, no fewer than 137 carriers have filed for bankruptcy protection. And from the end of World War II, when aviation started to become big business, through 1994, the sum of the industrys profits and losses was less than zero. Warren E. Buffett once remarked that it would have been a blessing for shareholders if someone had thought to shoot down Orville Wright at Kitty Hawk. [11] One reason the major airlines are at higher risk for bankruptcy is that they use huge amounts of fixed capital wide-body jets go for $100 million each and cant be readily liquidated which explains why many airlines do not own their aircraft but lease them instead. Airlines also depend on a highly skilled labor force that requires large cash flow into training, benefits and pensions. Consider some other businesses for a moment: Microsoft has highly skilled programmers but little invested capital. Merrill Lynch has both, but its assets stocks and bonds mostly could be liquidated overnight. Steel has high fixed capital, but it can replace its workers more easily. Unbundling of costs usually bundled in ticket prices Business practices for much of the history of the airlines included bundling all costs of travel into a single ticket price. Although some unbundling of the costs in tickets has occurred to various degrees at some airlines in different parts of the world, since the summer 2008 spike in fuel costs many airlines have chosen to broaden the practice, for example, charging the passenger for each piece of checked baggage b) Forces in the macro environment In terms of the case, it suggests that the environment of airline companies is not very stable, especially the increasing price of fuel which is the key driver of change. From Ryanair profit statement (Exhibit 1a) it shows the fuel and oil cost has increased by â‚ ¬200 million from 2005 to 2006. The increase in fuel costs is 74 percent. The impact to the airlines companies is obvious and the budget airlines may face the trouble more so than normal airlines. Moreover, airline companies also have to concentrate on some other issues. For example, according to the case, they are facing the risks from terrorist attacks which are difficult to predict. It is not difficult to find the changeability, however it is complex to the airline environment. Some factors, such as legal action and customer demand, also have influence on them. Some of these such as the price of fuel and oil can be predicted, while some of them cannot. Audit environmental influences The Pestel Analysis is employed to identify macro-environment influences of the airline industry. Political: Government wants to strengthen the economy and, consequently, will support local airlines by setting rules, such as preferential rights. Every government however, will probably do so. Therefore there’s no obvious advantage between competitions. The political issues have a wide range of effect, so they are not the key points that budget airlines are facing. Economic: This is identified as the most crucial factor to airline companies, especially to budget airlines. The influences refer to the macro-economic factors such as the national growth rates and the exchange rates. As budget airlines, they will pay more attention to the operation costs such as fuel cost. It became a big issue for budget airlines because of the increasing cost of fuel. That may reduce the advantages and the companies will be less competitive than before. On the other hand, the recession will lead more people to choose budget airlines. Social: With the development of Asian countries in particular China, there are more and more people deciding to study or travel in Europe. In recent years, the lifestyle of local people has also changed. They tend to travel abroad to enjoy their lives. Most of these people are not wealthy such as student. The budget airlines therefore, will be their best choice to reduce the travel costs. Technological: The innovation of technology helps the airline companies reduce costs and carry out tasks more effectively. The new type of aircraft can help to reduce the burning of fuel; and new technology can also make the security check more efficient and accurate. Environmental: European countries pay more attention on environmental issues, especially greenhouse gases from carbon emissions. Moreover in terms of the case, airline companies have to pay the environmental taxes for the contributions they make to global warming. In particular, it is bad news for budget airlines. Costs will increase and the companies want to maintain good brand image in the consumer’s perception. Furthermore, noise pollution and energy consumption cannot be ignored under such conditions. Legal: Some legal actions such as preferential airport rights are directed against the specific airlines. As budget airlines, which have higher competitive power, they should pay more attention to the legal forces to prevent loss. On the contrary, they can also take the initiative over illegal aid to rivals. Stage 3 – Determine industry specific factors (this stage will be analysed in Question 2) Stage 4 – Identify competitive position (this stage will be analysed in Question 3) Stage 5 – Identify key opportunities and threats There are many potential opportunities for the airline companies. For instance, the recession may lead to more people choosing the budget airline rather than the expensive ones; new technology which helps to reduce the usage of fuel; government set the tax at a lower percentage. On the other hand, the increasing cost of fuel may be the most significant issue most budget airlines face. What’s more, the compensation to passengers, terrorism and security, and customers’ satisfactions will all have potential negative impacts on the airline. In order to achieve lower costs, budget airlines will have to reduce costs from many departments and operations. That’s why lots of customers are not satisfied with the budget airlines except for the price. Question 2 Prepare a Porter Five Forces analysis of the budget airline industry. Express Ryanair’s perspective of these forces. The threat of entry There are high barriers to enter the budget airline industry. i) High investment requirements. Economies of scale are important in the airline industry. It is difficult for new entrants to match others existing competitors. In addition to this, the operational experiences cannot be acquired in such short space of time. ii) Expected retaliation. Retaliation will take place when new entrants appear for budget airlines, it will probably be in the form of a price war due to costs of entry being very high for them. iii) Legislation or Government action. Government won’t let new entrants enter the market if the industry is saturated. With regards to Ryanair in the budget airline industry, there will not be large impacts to existing budget airlines if new entrants appeared. Budget airlines always focus on the costs and price, so does Ryanair. According to the case, Ryanair was the first budget airline in Europe and now its ticket prices are much lower than the other rivals’. Therefore it will be impossible for new entrants to set a low price to win the market. The threat of substitutes Before discussing the threats, some comparative data is showed below. London Stansted Milan Going Out Regular Fare Adult 8. 99 GBP Tue, 2 Dec 08 Flight FR 4184 8:15 Depart 11:15 Arrive Coming Back Regular Fare Adult 12. 99 GBP Sun, 8 Dec 08 Flight FR 4185 6:45 Depart 7:50 Arrive (Source: Ryanair. com) One way by Rail Europe: London (ST Pancras) Milan Standard Class Adult 227 GBP Tue, 2 Dec 08 8:40 Depart 21:20 Arrive (Source: Raileurope. co. uk) Most of the travellers will prefer the short journey, in addition to the cheaper way to travel. From the tables it is obvious that taking a plane from Ryanair is much cheaper than taking the train in a similar situation. Although some airlines may be expensive, budget airlines such as Ryanair will usually be the best choice. The impact of substitutes, therefore, has less impact on the budget airlines. The power of buyers Buyers of airlines tickets can sometimes be the travel agency. In other cases, Ryanair caters to ultimate consumers. Majority of the buyers are not concentrated buyers and they come from all over the countries. Individuals can select the budget airlines according to their preference, because the switching costs are low and the differentiation of such service is weak. It is extremely expensive for people to own an aircraft. When there is a choice of budget airlines to use, with low prices. So there is a low buyer competition threat. Like Ryanair, with less concentrated buyers and buyers’ competition threat, the power of buyers is low. The power of suppliers The high power of suppliers may be one of the most significant threats among the budget airline industry. The increasing price of fuel, which leads to a high cost for airlines, is a basic issue they are facing. As we know, fuel industry is now concentrated in the hands of few producers. Therefore, in this situation it is difficult to cut the price for this essential material. In addition to this, it is useless to change fuel suppliers when the global price is growing. Moreover there are no practical substitutes. Ryanair is facing this problem with other budget airlines. Furthermore Ryanair sells all the ticket directly through the website. Thus there is no intermediary. Competitive rivalry Rivalry is influenced by these four competitive forces and each of them may have different levels of impact on the competitive rivalry. In this market, every airline provides the same services which are poorly differentiated. Low differentiation and switching costs in this industry, therefore, cause the price competition. Ryanair, which has the first mover advantages, still holds the dominant position. Although many of the competitors were losing money or even have been taken over, Ryanair remains steady in incremental growth. For industry growth rate, this industry is in the maturity situation of life cycle, which means the growth is low. Price war is therefore playing a crucial role throughout the competition. Question 3 Evaluate Ryanair’s particular strengths and weaknesses and explain, with reasons, what Ryanair must do to retain a sustainable competitive advantage. As the first-mover of budget airline industry, Ryanair still holds the dominant lowest-cost position. This is also the one of the strengths it has. What’s more, Ryanair was announced being the most profitable airline in the world according to the case. The revenue is still increasing, despite the price of fuel did not stop growing in recent years. The brand image of Ryanair is also one of its strengths. Customers are attracted by the lower price. Its traffic is the highest among the competitors (see Exhibit 2) and it is still increasing due to the enlargement of the company. On the other hand, there are still some weaknesses of this budget airline leader. In terms of the case, Ryanair win the market mostly depends on the costs. However, the costs of its major raw materials are increasing rapidly these years. This will be a serious issue. Further, minimize costs largely will cause the lack of service and training quality and so on. The Skytrax star rating (See Exhibit 2) indicates Ryanair is below the average level. Besides, competitors contribute big influence to Ryanair. For example, Easyjet which is a young upstart of the European budget airline industry grows quickly with a large number of market shares. It is obvious Ryanair makes success base on its price advantage, and how to sustain this advantage become very crucial issue in recent situation. Keep first mover advantages. Long history with experiences, well-known brand image and economy of scale, these are the unique resources of first mover advantages. It is difficult for competitors to get these resources at a similar level. Therefore, in order to prevent the competitors from copying the same strategy as cost reduction, Ryanair must make good use of these unique resources and try to dominate the market. Technology. Purchase and introduce the latest technological support. Although the fixed costs will be high, they can help the airline carry out tasks more efficiently and effectively such a new security check machine. Moreover it can also help to reduce the variable costs. For example, according to the case, new type aircraft produced 50 percent less emissions, 45 percent less fuel burn and 45 percent lower noise emissions per seat. They help Ryanair reduce the fuel cost with a lower pollution to environment. Unique cost structure. A cost structure which aims to minimize the costs must be set up. In particular to fuel cost, the fluctuations are subject to unpredictable and volatile world events according to the case. It is important for Ryanair hedge the risks before the price goes up suddenly. On the other hand, choosing the secondary and regional airport destinations is a good way of the structure. Moreover, the internet is used to reduce distribution costs. Service quality / Customers’ satisfaction. Customers will normally associate low price with low service benefits. Ryanair was voted the world’s least favourite airline due to its bad service such as unfriendly staff and poor legroom. However it still won a great number of customer base on the price. Thus if some competitors cut down the ticket price to a low level, Ryanair will get into a big trouble due to the similar prices but lower service quality. Therefore it must not only focus on the price but also the service. In order to gain competitive power, for example, brand loyalty can be one of the aspects. Government / legal actions. Ryanair should take care of the government and legal actions and moreover, can take the initiative over illegal aid to rivals. These may prevent the unnecessary loss. In summary, Ryanair, as the cost leader in budget airline industry should not only focus on the costs but also lots of other issues. Although it is developing rapidly and successfully, the future is unknown. The uncertain environment is changing all the time, thus Ryanair should always follow it and make the long-term plans in order to retain a sustainable competitive advantage. Grasp the opportunities, and it will has a bright future. c) Sources for collecting information Collecting your info: We may collect personal information that can identify you such as your name and e-mail address, as well as other information that does not identify you. When you provide personal information through the Site, the information may be sent to our servers located in the United States and other countries around the world. User Provided Information. We may collect and store any personal information that you enter into the Site or provide to us in some other manner. This includes identifying information (such as your name, address, e-mail address, and telephone number), and any other personal information you choose to provide while using the Site or the Services. Third Party List Information. We may also obtain both personal and non-personal information about you from third party data gathering sources. We may match this third-party collected information with the personally identifying information that you provide to us. When obtaining this information from third parties, we seek assurances from such third parties that they have the right to provide the information to us. Cookies, Web Beacons, and Other Information Collection Technology. 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We will use information in accordance with the privacy policy under which the information was collected. If, however, we are going to use users personally identifiable information in a manner different from that stated at the time of collection we will notify users by posting a notice on our Web site for 30 days. d) Collection tools and methods Prior to 1992, the length of time that aircraft deicing fluids (ADF) provided protection was overestimated by most commercial airlines. This was realized after the crash of U. S. Air Flight 405 at LaGuardia Airport, in which a long queue caused ice to re-accumulate on the planes wings and airframe after ADF had been applied. Bryan Wagoner, the Environmental Programs Administrator at Detroit Metropolitan Airport (DTW), says this incident spurred a nationwide focus on deicing practices. The FAA mandated that every plane must be absolutely free of snow at the end of the runway prior to take-off, he explains. This resulted in a significant increase in the quantity of ADF used nationwide. Midwestern winters, however, can be unpredictable. Months can go by with little to no precipitation, and then a snowstorm worthy of national news can hit with a fury. W