Application for Finance Position Essay -- Entry Level Finance Cover Le

Tell us about your F&C experiences: At Citigroup, I had to develop a new model to forecast revenues from partnerships, using return on investment ratio as proxy for profitability of the partnership and at Nestlà ©, when setting price and communication strategies, I had to be fully aware and have an understanding about management accounting and the implications of the strategies for the income statement. I feel very comfortable with numbers and I enjoy the challenges associated with financial analysis, which are two of the reasons I am specializing in Corporate Finance. I am convinced that I have achieved the level of financial knowledge required for this position and, as my transcripts will show, my grades - not only, but especially in finance-related courses - are on the top of the class. During my master’s degree, I have: - Conducted several financial analysis using value creation models, NPV and profitability ratios such as ROI, ROE, ROCE and income statement ratios, which also included risk profiling through beta measurements, operational risk and financial risk; - Build financial business models, including accounting statements (Balance Sheet, Statement of Cash Flows and Income Statement) and forecasts; - Valuated companies using DCF, transaction multiples and peer groups methods. Additionally, I have an excellent command of the Microsoft Excel program, including notions of VBA, which you might find valuable for this position. Please indicate your salary expectations (Total package yearly) My research shows me that an adequate salary for this position in Switzerland would be somewhere between CHF70,000 and CHF90,000. However, there are many things to consider: my salary would depend on the responsibilities and d... ...mance, and broadened my understanding of the food-industry sector. Commitment: I have a true desire to improve myself and to transform my ambition, determination and commitment into high performance standards and excellence to every assignment. I have worked for Nestlà © before and I am convinced that it is the perfect employer for me. What is your role will you have to get in 5 years? Most importantly, I want to contribute as much as I can to Nestlà ©Ã¢â‚¬â„¢s operations around the world. I want to learn the necessary skills to assume more management responsibilities and new challenges, and to increase the impact I can deliver to Nestlà ©Ã¢â‚¬â„¢s customers and projects. I am not looking for a specific future position, but I believe that this position will develop me personally, professionally and technically, allowing me to engage in strategy development and implementation.

Diesel Engines: United States and Europe

Diesel engines are routinely sold in European automobiles, with an estimated 6. 5 million vehicles on the road as of 2003 (DeGaspari 28). In both Europe and the United States, diesel engines are used in industrial and commercial applications like generators and commercial vehicles. However, the United States has historically been slow to embrace the concept of a diesel-powered personal automobile, and diesel automobile engines are only recently beginning to gain any traction in the US auto market. What are the reasons for this reluctance, and how can diesel engines gain more of a market share?The reasons for US market slowness in adopting diesel engines are varied. First, the diesel engine suffers from a perception problem which dates to the engines of the 1960s and 1970s – Americans believe that diesel engines are dirty, inefficient and noisy, making for an uncomforta-ble passenger ride, higher emissions and an insufficiently powerful engine. Second, diesel engines cost more than traditional gasoline-powered engines; with American gas prices being historically much lower than European gas prices, there has been no financial incentive in the past for the adoption of diesel engines in the United States.Third, the availability of diesel fuel is not con-sistent across the United States and it is often more expensive than gasoline. These issues are being addressed in a number of ways. The availability of biodiesel (diesel fuel produced from non-petroleum sources, including plant matter, byproducts from meat pro-cessing such as rendered fat and discarded cooking oil) has been increasing steadily, bringing down the price of diesel and offering an environmentally friendly alternative, while the price of gasoline has been increasing.Newer engine designs are quiet and clean thanks to the develop-ment of fuel injection systems, with emissions as low or lower than gasoline engines. The diesel engine offers a higher mileage per gallon and a longer range (distance tr avelled on a tank of fuel), along with a higher torque with a smaller engine, making them attractive choices for American sport utility vehicles and light trucks, as well as the compact car market, where consumers tend to be more conscious of energy efficiency. Historically, American vehicles with diesel engines were dirty and noisy (Siuru 52).The high level of emissions and uncomfortable, noisy ride made a diesel engine an unattractive pro-spect, and relegated the diesel engine to commercial vehicles and applications like generators. In the late 1980s and early 1990s, however, European car manufacturers began to engage in serious research aimed at improving the technical design of the diesel engine used in passenger vehicles. At that time, the market share of the diesel engine in Europe ranged from 10% in Germany up to 35% in France, significantly higher than America, where most diesel vehicles were imported by European automobile enthusiasts (Siuru 52).The first major improvement was introduction of an electronic fuel injection control system (Siuru 52). This system maintains an even fuel supply, reducing the loud banging noise associated with a diesel engine; it also reduces the fuel supply variation, eliminating the vibration and â€Å"hum† of a diesel automobile (Siuru 52). The first electronic fuel injection systems were indirect injec-tion systems (IDI), which mixed the fuel with air in a turbulence chamber before injecting it into the engine’s combustion chamber (Siuru 52). These engines were efficient and produced low emissions.However, direct injection (DI), which injects the fuel directly into the engine’s combustion chamber, bypassing the admixture with air, offered even greater fuel efficiency, albeit with high-er emissions levels (Siuru 56). The direct injection system was developed by Fiat in the mid-1990s and quickly became popular (Siuru 56), The most common implementation of the direct injection system is the common rail direct injection system (Ashley 58). This system, implement-ed by most European car manufacturers in the 1998 model year, offered a way to decrease fuel consumption and emissions by about 30% from the previous designs (Ashley 58).The common rail system uses a manifold to pre-load fuel as a buffer between the injectors and the engine, of-fering greater control of fuel usage according to driving conditions (Ashley 59). While electronic fuel injection systems improved the regularity and smoothness of the die-sel engine’s operation, particulate and nitrogen oxide (NOx) emissions were still a problem, and continue to be a problem as emissions controls for passenger vehicles become more and more tight.While an indirect injection engine offered lower emissions due to more efficient use of fuel, direct injection engines offered markedly better performance (Ashley 57). A further challenge is that while European emissions standards are primarily concerned with carbon monoxide and carbo n dioxide, American emissions standards are mostly concerned with nitrogen oxide and particulate emissions (Marshall 27). An engine which will be used in both American and European vehicles must control both adequately to meet emissions standards. Emissions are controlled in a variety of ways in the diesel-powered vehicle.The catalytic con-verters typically used in gasoline engines don’t work with diesel engines, due to a difference in the amount of oxygen present in the engine’s combustion chamber(DeGaspari 30 ). One approach to reducing nitrogen oxide emissions in a diesel engine is to use a chemical reaction called selec-tive catalytic reaction, which uses urea (ammonia) to remove the available oxygen (DeGaspari 30). A second method, called a lean NOx trap, causes the engine to cycle between an oxygen-lean and an oxygen rich environment on a regular basis in order to â€Å"break up† the nitrogen oxide molecules (DeGaspari, 30).These traps are often mounted to the tailpipe rather than directly in the engine (DeGaspari 30). The most common solution for particulate emissions is a filter on the tailpipe which traps particulate matter in the exhaust rather than releasing it (DeGaspari 30). The most recent advance in emissions, called homogenous charge compression ignition or HCCI, is a whole-vehicle solution to the mileage-emissions tradeoff with both gasoline and die-sel engines. HCCI, still in development, is being viewed by automobile manufacturers as a boon for the future for both gasoline and diesel engines.HCCI uses a combination of gasoline and die-sel engine design aspects for a high-efficiency, clean-burning engine which is designed to pass emissions standards testing in both the United States and Europe (Marshall 27). The HCCI en-gine premixes air and fuel before feeding it to the engine (a gasoline engine trait), but it uses compression ignition rather than spark-plug ignition (a diesel engine trait) (Marshall 27). This en-gine ha s the additional advantage of being dual-fuel – it can be used with either diesel or gaso-line, reducing the pressure of fuel availability for owners of vehicles (Marshall 28).The HCCI engine design also has the potential to be used with other forms of liquid fuel, such as hydrogen, ethanol or other forms of fatty-acid fuels like diesel and gasoline, widening the possi-bilities for alternative fuels of the future (Marshall 28). The final improvement in diesel emissions is not in the engine itself, but in the chemical makeup of the fuel. Ultra-low sulfur fuels, which were mandated by the FDA in 2006, both reduce emissions and allow for more advanced emis-sions control systems, which can be unusable with higher-sulfur fuels because the sulfur interferes with the necessary chemical reactions.(DeGaspari 30). Engine power is another significant beneficiary of European manufacturer’s research over the last 20 years. American diesel engines have had the reputation of not bein g very powerful; however, the modern diesel engine has greater torque and a greater range (number of miles trav-elled on a single tank of fuel), as well as higher mileage, in a smaller, lighter-weight engine than the equivalent gas engine (DeGaspari 28). A diesel engine in a sport utility vehicle can offer forty to fifty percent greater fuel efficiency over a gasoline engine (DeGaspari 28).The diesel version of the 2006 Jeep Liberty, which was designed with a 2. 8 liter engine, offered 27 MPG high-way/21 MPG city. Compared to its gasoline powered sibling (21 MPG highway/17 MPG city) this was a 24-30% increase in engine efficiency (DeGaspari 28). Because American cars tend to be larger than European cars, engine redesign for greater torque has been popular with American automobile manufacturers (DeGaspari 28). Diesel engines can cost significantly more than traditional gasoline engines.The engine it-self is more expensive, as it is heavier and more precisely controlled; diesel emissi ons devices are also more expensive than their gasoline counterparts. A diesel engine can add one to two thou-sand dollars to the overall consumer price of a vehicle, making it unattractive if fuel efficiency is not a concern (DeGaspari 30). This problem has been self-correcting with a persistent rise in fuel costs and operational cost of automobile ownership in the United States.In 1992, with fuel costs two to four times higher in Europe than in America, diesel engines already held a significant por-tion of the automobile market share; however, doubt was expressed that they would be accepted in America (Siuru 58). With a significant rise in fuel costs over the last 15 years, diesel has be-come more and more attractive to Americans concerned with the mileage of their vehicles. By 1997, experts acknowledged that there is an American market for diesel SUVs (Ashley 62) and currently, both European and American automobile manufacturers now offer passenger vehicles for sale in America (D eGaspari 28).The availability and continued supply of diesel fuel is a serious concern in the United States. Europe, where as much as half the vehicles on the road at any one time are powered by diesel, took the approach of producing its own biodiesel rather than relying on imported petro-diesel (Schmidt 86). Europe has a significant percentage of arable land devoted to rapeseed (can-ola) which is primarily used in the production of biodiesel (Schmidt 86).Biodiesel is diesel oil produced using plants or animal remains rather than petrochemicals; there are many common sources of biodiesel, including virgin plant material (canola, soy, wheat, barley, palm, pine trees, corn and algae have all been used to produce biodiesel), and used cook-ing oil from restaurants, known as yellow grease (Schmidt 86). Most United States biodiesel is derived from soybeans, which offer an 18-20% oil yield. The remaining mass can be used to pro-duce animal feed. Soybean based biodiesel releases about 3.2 t imes the amount of energy used to produce it, making it an extremely efficient energy source (Schmidt 87). Biodiesel is not only good as an alternate fuel source to petroleum-based diesel, it is a cleaner fuel. According to the National Renewable Energy Laboratory (NREL), B20 biodiesel (a mixture of 20% biodiesel and 80% petrodiesel) releases l0% less carbon monoxide, particulates and total hydrocarbon, and is carbon dioxide-neutral (Schmidt 89). There are some concerns about the lev-el of nitrogen oxide emissions with biodiesel.A 2006 FDA literature review concluded that B20 biodiesel nitrogen oxide emissions are about 2% higher than the equivalent petrodiesel (Schmidt 90). However, Scott Gordon, founder of Green Technologies, points out that catalytic convert-ers can be used with ultra-low sulfur fuels in addition to traditional emissions controls, which has the potential to greatly decrease nitrogen oxide emissions (Schmidt 90). There are a number of problems with biodiesel which are being addressed by manufactur-ers.The first is that of agricultural resource allocation to biodiesel production. Currently, most United States production of biodiesel uses surplus soybean crops (Schmidt 86). Soybeans have a relatively low yield of only 18-20% oil, however, making soybean cultivation to meet expanded biodiesel requirements problematic (Schmidt 91). In order to expand biodiesel production, dif-ferent crops are required. Two alternatives are rapeseed (canola) and algae. Rapeseed is common-ly grown in Europe as a biodiesel source.It has a 40% yield of oil and is easily cultivated (Schmidt 91). Algae has a remarkably high 50% yield and a production of 8,000 gallons per acre per year, making it the most productive crop found so far. However, problems with designing a large-scale agricultural system for algae have held back use of this material so far (Schmidt 91). In order to grow algae for commercial biodiesel use, indoor systems would need to be designed to precise ly control growing conditions and species in tanks.As Schmidt notes, there is the pos-sibility of creating a large supply of algae by feeding with wastewater treatment plants. Solving the technical problems of cultivating algae is essential for the continued growth of biodiesel. It is estimated that 15,000 square miles of algae cultivation (approximately 9. 5 million acres, a frac-tion of a percent of current American land given over to agricultural usage) could be enough to replace the entire stock of petroleum used in American transportation (Schmidt 91).Unfortunate-ly, not all countries have the availability of arable land that the United States does, and environ-mental degradation can result from planting what is seen as a cash crop at the expense of sub-sistence crops or native habitat. Rain forest clearing in order to plant palm trees, a common source of imported biodiesel, has had a bad effect on Indonesian forests (Schmidt 92). A second problem with biodiesel is inconsistent low-temperature operation. All diesel fuels will gel with extreme cold, but biodiesel gels more quickly at higher temperatures.To operate a diesel engine in colder conditions, a mixture of petrodiesel and biodiesel is required (Schmidt 89). The most common blend of petrodiesel and biodiesel is called B20 (20% biodiesel and 80% petrodiesel); however, even lower blends of biodiesel, such as B2 and B5, are beginning to gain traction in the market (Schmidt 89). A third problem with biodiesel is inconsistent quality. Federal and state tax credits for bio-diesel production make it attractive to companies large and small (Schmidt 90).A biodiesel blend made from virgin vegetable oil is eligible for a 1-cent per gallon discount on federal fuel excise tax for each percent of biodiesel in the blend; a blend made from yellow grease, or recycled cooking oil, is eligible for half that (Schmidt 90). This is a powerful incentive for biodiesel pro-duction. Unfortunately, quality sometimes is lackin g in the production controls. High levels of glycerin, a byproduct of biodiesel production which can clog filters and reduce engine perfor-mance, making it difficult to start the engine when cold, were found in one third of the samples tested by NREL in 2006 (Schmidt 90).These samples came from blending facilities where the biodiesel fuels were mixed and then sent to distributers. The NREL attributes these problems to a sudden increase in demand leading to some plants starting production without quality control procedures in place (Schmidt 90). As gasoline prices continue to rise and the American public gives serious attention to the energy efficiency and mileage per gallon of their personal automobiles, diesel engines become more attractive to car buyers.With fuel efficiency 30% or more higher than gasoline engines, electronic fuel injection offering a smoother, quieter ride, as well as greater torque in a smaller engine allowing for lighter-weight and higher-mileage sport utility vehicles, and the availability of biodiesel offering an environmentally friendly, renewable fuel source, the performance prob-lems of past generations of American diesel vehicles have been largely solved.Rapid develop-ment and improvement of diesel technology to keep up with tightening emissions control re-quirements has led to extraordinarily clean vehicles. American and European automobile manu-facturers have begun to produce diesel automobiles for the American market, and have expecta-tions of solid sales. The question remains, however: will American consumers follow the lead of Europe and embrace diesel engine technology?

Antigone Tragic Hero Essay Essay

Most Greek tragedies were based on myths and consisted of a series of dramatic episodes mixed with a chorus who commented on the dramatic action or analyzed the pattern of events. The role of a tragic hero was vital to the tragic plays. Sophocles argues that a tragic hero is a character who possesses six specific traits. A tragic hero must be of noble stature, can not be perfect, their downfall most be their fault, their misfortune is not wholly deserved, the fall is not a total loss, and has a moral purpose. Therefore, Creon is the tragic hero in Antigone because he is of noble stature, posses character flaws, and his fall is not an entire loss. Creon is the brother of Jocasta, who was the wife and mother of Oedipus, who was the king of Thebes. He becomes ruler of Thebes after the s of Oedipus’ two sons, Eteocles and Polynices in the recent civil war. In his speech to the people assuring the citizens that order and safety have returned to Thebes he says, â€Å"I now posses the throne and all its powers†(line 194, page 67). This passage easily shows that Creon is the ruler of Thebes because it says that he posses the throne which is a possession of the king. This shows that Creon is of noble stature, which is one of the necessities of a tragic hero. Throughout the whole play Creon exhibits that he is imperfect. Creon is very stubborn as well as ignorant, which results in his many problems all through the play. In his dispute with Haemon over the fate of Antigone he says, % –show me a greater crime in all the earth! She, she destroys cities, rips up houses, breaks the ranks of spearmen into headlong rout. But the ones who last it out, the great mass of them owe their lives to discipline. Therefore we must defend the men who live by law, never let some woman triumph over us. Better to fall from power, if fall we must, at the hands of a man–never be rated inferior to a woman, never (lines 751-761 page 94).† The word % † basically means â€Å"without a leader.† He makes it sound as if he may be speaking about Antigone. Creon looks at as the unavoidable consequence when insubordination of the law is left with impunity. This excerpt vividly shows how Creon is very stubborn and ignorant. He refuses to see that woman play a  major role in society. He only views them as objects. He visions woman as a threat to masculine superiority and he will stop at nothing to avert this from happening. His refusal to allow Antigone to go free ultimately results in the of his son and his wife. This shows that Creon is imperfect, which is also one of the requirements of a tragic hero. By the end of the play, after the of his wife and son, Creon gains some self-knowledge and learns from what he has done. After Creon learns of the of his wife and son he says, â€Å"Ohhh, so senseless, so insane†¦ my crimes, my stubborn, ly— Look at us, the killer, the killed, father and son, the same —the misery! My plans, my mad fanatic heart, my son, cut off so young! Ai, , lost to the world. Not through you stupidity, no, my own (line 1395-1400, page 124).† This quotation from the play illustrates that Creon realizes that his stubbornness and foolishness is the cause of all of this pandemonium. Creon now understands that his flaws resulted in his family’s . He then goes on to say, â€Å"Oh I’ve learned through and tears (line 1405-1406, page 124).† This shows that he has learned his lesson so the of his family is not a complete loss because now he is aware of the fact that it is because of his stubbornness and stupidity that this occ urred. This shows that Creon’s fall is now a pure loss, which is as well, a condition of a tragic hero. Creon is the tragic hero in Antigone because he is of noble stature, posses character flaws, and his fall is not an entire loss. These flaws eventually are what leads Creon to his demise and to the of his wife and son. In Antigone there were numerous themes. One of the themes is pride and its effect on the characters. Both Antigone and Creon are exceedingly proud, making it impossible for either one of them to back down once they have taken a position on something. This character flaw leads to their downfall. In contemporary times, we can relate this type of tragic hero to powerful figures like Donald Rumsfeld, who does not waver from his positions until others have paid a heavy price for his pride. Another theme is Moral Law vs. Human Law. This is shown when Antigone’s conscience influences her to bury her brother, which conflicts with Creons law of the state. It’s a decision of whether morals should be placed above the human law. A semi-modern  example of this can be seen in World War II where the soldiers had to decide between their morals or the decision of the state in the s of the Jews. The third and final central theme is the position of woman. This is brought up several times in Antigone. Creon feels that woman are subordinate to men and should never be placed as high as men. This is also evident in present times because even now women do not have the same opportunities as men do although women have come a long way in just this century. There will always be tragic heroes in any society. They are usually high-profile people who rise and fall in the public eye. Hopefully, those of us who watch their stories unfold can learn from their experiences by debating the merits of the decisions a one-time hero made to render him/her tragic. The presence of a tragic hero is evident in modern society because even now we have people who are examples of tragic hero’s.

Improvement of American Labor

Beginning in 1866 until the present time many labor leaders have initiated many effective and important labor laws. Throughout the past one hundred plus years there have been many steps forward in the labor movement along with a few major steps back. The actions of these labor leaders and the accomplishments of the acts that they have helped to pass have paved the way for the American worker in today's society. One of the labor laws that had an impact was the Taft-Hartley Act. The Taft-Hartley act formerly called the Labor-management Relations Act was passed in 1947. Its founders were Senator Robert A. Taft and Representative Fred A. Hartley. This act helped in collective bargaining along with allowing workers the right to defer from joining a union. This act required unions to give notification of a strike sixty days before it was to occur. It also outlawed specific union practices that were unfair and required that union officers must deny any Communist affiliations while under oath. Another of the labor acts that contributed to the labor movement was the National Labor Relations Act. It was passed by Congress in 1935. It has been called the Magna Carta of American labor. The National Labor Relations Act guaranteed workers the right to join unions without fear of being punished by management. In order to enforce this law the National Labor Relations Board was formed. This act prevented employers from committing unfair labor practices that would make the worker be afraid to organize a union or sign a union contract. Yet another labor law was the Davis-Bacon Act of 1931. Created by Congressman Robert Bacon and Senator James Davis, this act was mainly established to grant stability to the construction industry. The bid requirements on public projects were low and this allowed outside contractors to obtain work on substandard wages. This also caused contractors to look past the high paid local workers to the lower paid workers from around the country. Davis and Bacon felt it was wrong for workers from other areas to be herded together to work for lower wages than the standard in that state. An important labor leader in the early labor movement was Francis Perkins. Francis Perkins devoted much of her life to the improvement of the American Worker. While going to school at Mt. Holyoke College, Perkins gained an interest in social reform. This interest grew when she joined the National Consumer League, which had a goal to improve labor conditions through consumer pressure. In 1928, New York governor Franklin D. Roosevelt appointed Perkins as the head of the state labor department. Four years later, when Roosevelt was elected to the presidency, Perkins was asked to be his secretary of labor. Perkins played a major role in Roosevelt's response to the Great Depression. She also was an advocate of social security, wage and hour regulation, and the abolition of child labor. Eugene V. Debs was another famous labor leader. Debs made the first major attempt to form a labor union for both skilled and unskilled workers of a specific industry. This attempt was the American Railway Union. Debs also played a major role in the Pullman Strike in 1894. He asked for arbitration and when Pullman refused to negotiate Debs and the American Railway Union began boycotting Pullman train. Later in the Pullman strike Deb was arrested. While in prison Debs realized his true calling. He became a spokesperson for the Socialists Party of America and ran for president five times. Surprisingly, in 1912, he won 900,000 votes. A famous quote of Deb's was, â€Å"I say now, that while there is a lower class, I am in it; while there is a criminal element, I am of it; while there is a soul in prison, I am not free.† A significant strike of the past was the aforementioned Pullman Strike. The Pullman strike began during the Panic of 1893. The Pullman Company laid off three thousand of its fifty-eight hundred employees. The Pullman workers all lived in houses owned by the Pullman Company and had to pay rent. The remaining employees had their wages cut twenty-five to thirty percent and the housing prices remained the same. After paying the rent on their homes, their paychecks dwindled down to almost nothing. Later, after the depression, two thousand Pullman workers were hired. Again, the Pullman Company did not restore wages of compensate with lower housing rates. In the spring of 1894, the outraged workers called for a strike. The strike was one of peace, that is until Pullman hired strikebreakers. This brought on a violent end to the strike. In conclusion, Pullman fired most of the strikers and named more to a blacklist. The Homestead strike occurred in 1892. It began when workers from the Amalgamated Association of Iron and Steel Workers struck the Carnegie Steel Company's Homestead plant in order to protest a cut in wages. The company's general manager, Henry C. Frick, was determined to break the union. He hired strikebreakers and then hired three hundred detectives to protect the plant and the strikebreakers. After an armed battle between the detectives and workers, three detectives and six workers were dead. The strike ended on November 20th after the plant reopened and nonunion workers remained on the job. This strike caused a weakening effect on the unions of the steel industry that would take forty years to repair. A more recent labor issue was the United Parcel Service's strike in 1997. The central issues of this strike were part-time work, pensions, and subcontracting. The union claimed that many part-time workers work full time hours without getting paid the full time rates, which are almost twice that of the part-time. The union also wanted an increase in contributions to its pension and health funds. The union would not budge on this issue and UPS met their demands. The last aspect of the strike was subcontracting. The union claimed that a loophole in their contracts was allowing more than the one percent limit of the business to go to subcontractors. There are many opinions on whether or not the strike was a victory for the union but at the end the workers were back on the job. The Haymarket Affair, sometimes called the Haymarket Riot, began on the night of May 4, 1886, as a form of protest after the killing of a striker by police on the previous day. On this night 1,200 protesters met at Chicago's Haymarket Square where police opposed them. Chaos ensued as someone threw a bomb into the police line. Eight men, three speakers and five other radicals, were charged with starting a riot. Four were hanged while one committed suicide in prison. After the Haymarket Affair, the public began to shy away from the labor movement. In July of 1877 the Strike of 1877 became a turning point in labor history. A worker's strike at the Baltimore and Ohio Railroad began in order to protest the second cut of wages in just a few months. This strike would lead to strikes from every railroad east of the Mississippi and then later would spread to western railroads. Fifty thousand miles of railroad were halted for more than a week. This caused riots in Baltimore, Pittsburgh, Chicago, St. Louis, and San Francisco. After President Rutherford B. Hayes sent troops in to break up the strike, the strikers began to retreat. On August 6th, the strike was over and railroads were up and going again. The case of Muller vs. Oregon is a famous Supreme Court labor case. The focal points of this case were the Fourteenth Amendment versus the Tenth Amendment. In these times in Oregon it was illegal for a woman to work for more than ten hours in a factory or laundry. In 1905, a suit was filed against Curt Muller for making Mrs. E. Gotcher work more than ten hours. After being found guilty, Muller took his case to the Supreme Court. The Supreme Court would later rule against him. Another Supreme Court issue of the labor movement was the Munn v. Illinois case. Munn, a partner in a Chicago warehouse firm, had been found guilty by an Illinois court of violating the state laws providing for the fixing of maximum charges for storage of grain. He appealed, contending that the fixing of maximum rates constituted a taking of property without due process of law. The Supreme Court upheld the Granger laws, establishing as constitutional the principle of public regulation of private businesses involved in serving the public interest. Since 1866 the labor unions have been involved in many more strikes and there have been new labor leaders who have been involved in controversial court cases in order to make sure that workers are treated fairly. Throughout the history of the United States labor has changed greatly and it will continue to change in the future.

Managing Business Organizations (business studies) Essay

Managing Business Organizations (business studies) - Essay Example and these differences and similarities a multi-national organisation â€Å"ZARA† is compared with a local UK architecture firm Purcell Miller Tritton (PMT) LLP. Zara is a renowned brand and flagship chain store of Inditex Group. It has gradually gained major popularity since its first store was opened in Spain. Zara has operated with an aggressive management style towards the business. It has proven many theories wrong, theories related to economies of scale, supply chain, etc. The company’s operation can be divided into philosophy, capability and payoff. Zara has kept a philosophy to keep 5 fingers touching the factory and five touching the customer i.e. they have kept a very quick movement between the production of their stock and the immediate transfer of that stock to the stores. Their main capability is to design, produce and deliver in 15 days as compared to the six month industry average. This is the major area in which the company has excelled over its competitors and has kept them way behind and it is because of these unique strategic capabilities that the company took over the clothing industry giant GAP in their first quar ter of 2010. Zara’s main and the innovative approach is their fast fashion trend, which makes their product available in stores after just two weeks in the designing process. Besides such a fast and flashy approach, they keep their production limited i.e. the batch of clothing in merchandise is only available for just that two weeks time period and after that it is not available in the stores. This approach of scarcity and the customer’s perception towards rarity has helped Zara to boost their Revenues significantly. (Bonnin, 2002; Tokatli, 2008) The main distinctive feature about Zara is its co-operative nature i.e. every staff member of the organization is involved in some business process for the entire organization. Each store manager and the store assistant are really participative in collecting and providing information

For Cullen and Gilbert 'rehabilitation should be the major goal of any Essay

For Cullen and Gilbert 'rehabilitation should be the major goal of any correctional system'. Critically discuss this proposition - Essay Example In addition, the strengths and weaknesses are also imparted to be able to portray the potential gain of the whole system and even the limitations. The main view of Cullen and Gilbert can be considered as positive theories to answer the problems of criminology. Rehabilitation is the main objective that can be projected in relation to the effect of application in the behaviour of the detainees. The positive view of the theory can be considered as a priority in contrary to that of the old theories of justice that involve deterrence and retribution. Through the course of modern justice system, it can be considered that the role of rehabilitation on the reform of the offenders had taken the main road and had produced influence. The said influence had developed on the turn of the 1900s wherein the development and changing of the characteristics and the attitudes of the criminals and offenders had been projected as the main solution for the decrease of the number of crimes (Cullen and Gendreau, 2000). Through the 70’s toward the end of the century, the effectiveness and the feasibility of the rehabilitation approach in the correctional systems had been criticized and questioned. Basically as the rehabilitation theory affirms that the crimes had been committed by the offenders on the basis of the problems in behaviour and inadequate decision making, critics believe that the process cannot help the society lessen criminals but there are dangers that rehabilitation cannot fully discipline the offenders. This can then pose danger to the welfare of the people (Wilson, 2005). In the presentation of the view of Cullen and Gilbert on the proper approach for correctional system, it is important to be able to present the different pros and cons. For that matter the criticisms of the rehabilitation theory is needed to be studied and scrutinized. The main scenario in the study undertaken by Cullen and Gilbert relates to the world in the

Why people commit crimes Research Paper Example | Topics and Well Written Essays - 750 words

Why people commit crimes - Research Paper Example They decide to commit crime upon determination of potential risks such as getting caught as well as punishment, against rewards that could come with success in their acts (humans are rational with free will to choose to commit crime). Crime happens to be an immoral behavioral form which weakens the society (Steven, 2015). According to the social disorganized theory, the physical as well as the social surroundings of a person primarily determine the decisions and actions of such a person. Specifically, a neighborhood with fraying social structures more likely will have higher rates of crime. This kind of a neighborhood could have vacant as well as vandalized buildings, poor schools, a mix of commercial and residential property and high unemployment. With broken or weak bonds to religion, family, school happens to be a catalyst towards criminal behavior. Individuals fail to see the good in adherence to conventional societal values, hence commit crime believing that it is through crime that they can improve their private social conditions. Social learning explains that individuals are motivated to criminality and get criminal skills from persons they associate with. They learn from criminal friends. Lack of self-directions well as insufficient social roles happen to be the root causes for criminal behav ior (Aldunate, 2015). Biology, evolution as well as evolution – mental illness, poor diet, chemistry, bad brain or evolutionary rewards to violent criminal behavior could lead to crime. Genetics determine the behavior of an individual to a certain degree. This according the biological theory. From one generation to the other, human behavior basic determinants could be passed. This way, one can inherit criminal behavior. Psychobiological theory explains that reactions to foods, chromosomal anomalies deficiencies of vitamins or surrounding’s allergies, integrated with a specific genetic makeup could predispose