...Hampton Case Study Study Case: Hampton Machine Tool Background. Hampton Machine Tool Company, a machine tool manufacturer, was founded in 1915. Hampton's customers are military aircraft and automobile manufacturers in the St. Louis area. Machine Tool Company felt the boom in the 1960`s with record setting profits in the mid- to late- 1960`s. The company slowed down in the 1970`s economic recession caused by Vietnam War and the oil embargo. Hampton stabilized by the late 1970`s and now has a “strong working capital position”. The company also didn`t have a debt during 10 years until December 1978. 1. Why can`t a profitable company like Hampton repay its Bank Loan on time and why does it need more bank financing? The excising $1 million loan was due September 30, 1979, but Mr. Cowins requested to renew it until the end of 1979. The main cause why Hampton can`t repay its Bank Loan on time is that the company made a stock repurchase, for which loan was taken. That was major cash expenditure for the company of $3 million ($1million of loan+ $2 million of excess cash) in December 1978; this was a main reason why company had a delay in repaying of the loan. The president of the company, Mr. Cowins wishes to borrow an additional $350,000 “for planned equipment purchases in October”, they didn`t buy or renew an equipment since the economic recession. He also mentioned this loan in total $1,350,000 will be repaid at the end of December 1979. 2. What major developments...
Words: 342 - Pages: 2
...Case Study: Oil and New Economy You cannot get more old economy than to fret about the price of oil. Although the oil price is hard to miss when you come to refuel your car, economy watchers with any sophistication are encouraged at every turn to pay little attention. For instance, measures of "underlying" inflation exclude the oil price - too volatile, the argument goes, and no longer all that significant, one is led to suppose. Yet theory and empirical evidence suggest that the price of oil remains a fundamental driver of the business cycle. In all likelihood cheap oil has played a big role in creating the appearance of a "new economy" and dear oil, if the price stays up, may do more harm than many believe. In Britain, the leading advocate of the view that oil still matters has been Andrew Oswald, a professor at Warwick University. In an article in the Financial Times last year he went so far as to claim that the so-called new paradigm is almost entirely an illusion caused by a prolonged period of extremely cheap oil. Now that the price has soared and assuming that it stays relatively high, he fears that the result will be a marked slowdown in the world economy. Mr. Oswald is therefore a doubly unusual fellow: an easy-money new-economy sceptic. Most new-economy skeptics want monetary policy in the United States tightened faster (because they believe the surge in labor productivity will not last and that inflationary pressures are building). Mr. Oswald, in contrast, though...
Words: 969 - Pages: 4
...New York Times titled, “The Dangers of Eating Late at Night,” the author, Jamie A. Koufman, correlates the booming epidemic of acid reflux with night-time eating. With reported acid reflux cases growing 500 percent since the 1970’s, Koufman delineates on what may be contributing to the increase of these incidents. Poor diet with the consumption of sugary, fat and processed foods, combined with eating late at night are what scientist believe to be the main culprit of this condition. When we eat a big mean then lay down to sleep, gravity allows the contents of our stomach to rest at the bottom of our esophagus before the food can ever be digested. This condition can lead people to be at higher risks for esophageal cancer, as well as be the basis of acid reflux in nearly 40 percent of Americans. Although this article encompasses some of the authors opinion, the implementation of various factual studies give the article many elements of an informative passage. Language that portrays a clear sense of opinion is when Koufman compares our eating habits (without evidence) to Europeans. “In my experience,” Koufman says, “Europeans have fewer cases of reflux than we do, even though many of them still eat late.” Along with some opinionated sentiments, Koufman validates many of her opinions through research backed by undeniable data. While discussing how acid reflux medication alone does not control the disease, Koufman cites a Danish study in saying: “There has yet to be found any [sustained]...
Words: 435 - Pages: 2
...Can we decrease poverty only by increasing Taxes for the rich? Expanding dynamic Taxes, for example, the higher rate of wage duty from 40% to half, will take more pay from those on high pay levels. This empowers cuts in backward Taxes and expanded advantages which build the salary of poor people. This can be a powerful route for decreasing relative neediness. In any case, faultfinders contend higher pay Taxes make a disincentive to work., prompting less yield. This is on the grounds that higher expense makes work less appealing and decreases the open door expense of recreation. In this manner individuals work less and appreciate more relaxation. This is known as the substitution impact. Correspondingly higher organization assessment might dishearten interest in the UK However this is questioned by different market analysts. Higher duty lessens wages and this might urge individuals to work more, to keep up their pay. (This is known as the salary impact) Proof proposes that higher pay charge has minimal motivating force on the supply of work, recommending work supply is moderately inelastic. In any case, it additionally depends at what level pay expense is set. There is absolutely a level where higher wage expense will lessen motivators to...
Words: 1019 - Pages: 5
...Monthly Review journal – founded in 1949 by Paul Sweezy and Leo Huberman. An influential journal but little impact on American sociology. Best known product of this school is Baran and Sweezy’s Monopoly Capital (1966). Indeed, Braverman’s analysis of work is predicated theoretically upon Baran and Sweezy’s analysis of ‘Monopoly Capital’ [ie oligopolistic, ‘organized’ capitalism. ❑ After mid-1960s increasing interest in neo-Marxism in the US – partly result of social conflicts evident in America in late 1960s which threw doubt of the utility of the structural-functionalist paradigm. ❑ In the 1970s – re-emergence of radical political economy in both the USA and Western Europe. Produced the Union of Radical Political Economists and the journal Insurgent Sociologist in USA and wide array of groups and journals in Western Europe – of which the most well known are: New Left Review, Capital and Class and Economy and Society. • In the late 1960s in the USA two sets of ideas had emerged within the social sciences which formed the concepts against which Braverman reacted: ❑ H. Marcuse, One Dimensional Man: a German social philosopher, member of the Frankfurt school, who argued that the affluence generated by advanced capitalism had produced a mass-consumer culture that incorporated the working class into such societies. Accordingly, the working class was no longer a revolutionary class and the central foci of radical transformation lie with...
Words: 1454 - Pages: 6
...it in the future. According to Time magazine, the rates of gonorrhea in cities where more people have the drug-resistant strains of the STD, the number of cases of the higher-resistant strain is, unsurprisingly, more prevalent than in other areas. The Centers for Disease Control and Prevention report there were approximately 820,000 cases of gonorrhea treated in the United States each year. But despite the stronger strains, the number of cases overall has decreased since the 1970s. The stronger strains were first found in the United States, in Hawaii and California in the late 1990s/early 2000s, and became increasingly prevalent in the country throughout the 2000s. By late 2000s, the CDC adjusted treatment, no longer using ciprofloxacin or other fluroquinolones for treatment, leaving only one drug combination to treat it. That treatment is an injection of cephalosporin combined with either azithromycin or doxycycline orally. The combination treatment, according to The Verge, may not be substantial enough to treat the increasingly stronger disease in the near future. Risk of HIV infection high during pregnancy, the postpartum period Women living in world regions where HIV infection is common are at high risk of acquiring HIV infection during pregnancy and the postpartum period, according to a study by US researchers published in this week's PLOS Medicine. Alison Drake and colleagues from the University of Washington in Seattle also found that mothers who...
Words: 529 - Pages: 3
...Werner Baer Source: Latin American Research Review, Vol. 7, No. 1 (Spring, 1972), pp. 95-122 Published by: The Latin American Studies Association Stable URL: http://www.jstor.org/stable/2502457 Accessed: 26/08/2009 09:21 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=lamer. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with the scholarly community to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources. For more information about JSTOR, please contact support@jstor.org. The Latin American Studies Association is collaborating with JSTOR to digitize, preserve and extend access to Latin American Research Review. http://www...
Words: 12006 - Pages: 49
...However, recognition of sexual abuse lagged behind recognition of physical abuse (Myers 2008, p. 460). In fact, De Francis observed that by the time he was writing his text in 1969, virtually no literature existed on sexual abuse of children. This was because until this time, sexual molestation remained a taboo topic in many areas (Suzanne 1975). In the 1970s, however, new developments, including the newly established reporting laws and a growing body of literature on sexual molestation provided new focus on child sexual abuse. This new knowledge also paved way for the United States to enjoy nationwide government-sponsored child protection, including reporting laws requiring that required professionals to report sexual abuse (Myers 2008). The reporting laws were so effective that, the number of cases that were being reported by the end of the 1980s overwhelmed the...
Words: 2240 - Pages: 9
...“The factors influencing and the rationale behind the establishment of Public Enterprises within Caribbean states” THE INFLUENCING FACTORS Reasons for setting up public enterprises were wide and varied. (C. Holder 1990). The countries of the English speaking Caribbean have traveled and endured a far distance; from freedom to couples of imperialistic societies achieved through colonialism; followed by wars and riots which lead to neocolonialism and finally to independence (Dominquez, Pastor and Worrel 1993). The post colonial era was the most active in relation to political thought and transformation as the social and economic issues of the “riot times” were examined. The minimal participation of the government in the laisser- faire ideological infrastructure that governed that period was the major purpose for change and as the full political responsibility for government was localized and the drive to industrialization spearheaded the drive for economic development trough the passage of Public Enterprises in Caribbean states. Caribbean governments wanted full participation in the commercial markets; what Mr. Norman Manly avidly describes as “commanding the heights of economy”. This thirst was quenched as some countries took steps toward the socialist perspective of controlling economies; this step caught the attention of other Caribbean governments and evoked further participation in the commercial and industrial development undertaken by governments. Social welfare...
Words: 2247 - Pages: 9
...IMPORTANCE AND CURRENT ISSUES OF DECISION SUPPORT SYSTEM Cynthia P. C. Lee Abstract This paper emphasized on the Decision Support System (DSS) defined in various ways depending upon the author’s point of view by Turban (1995), Little (1970), Moore and Chang (1980), Keen (1980), and Power (1997); history of DSS during late 1950s and early 1960s until millennium approached of Web-based analytical applications; the Decision support system (DSS) has been used in many different ways (Alter 1980, Power, 2002). Turban (1995) defines it as "an interactive, flexible, and adaptable computerbased information system, especially developed for supporting the solution of a nonstructured management problem for improved decision making. It utilizes data, provides an easy-to-use interface, and allows for the decision maker's own insights." For Little (1970), a DSS is a "model-based set of procedures for processing data and judgments to assist a manager in his decision-making." Moore and Chang (1980) define DSS as extendible systems capable of supporting ad hoc data analysis and decision modeling, oriented toward future planning, and used at irregular, unplanned intervals. importance of DSS to assist in high-level decision-making, assist academic advising staff, improve the quality and timeliness of marketing decisions, and medical diagnosis process; and current issues of DSS where decision-making as the most important activities for human beings, Clinical Decision Support Systems...
Words: 1600 - Pages: 7
...to generate concern, anxiety, or panic.[4]:16 Examples include the belief in widespread abduction of children by predatory pedophiles,[5] belief in ritual abuse by satanic cults of women and children,[6] scaremongering of the spread of AIDS,[7] and the War on Drugs.[8] Contents [hide] 1 Use as a social science term 1.1 British vs American 2 Characteristics 3 Examples 3.1 2000s: Human trafficking 3.2 1990s–present: Sex offenders 3.3 1980s–1990s: Satanic ritual abuse 3.4 1980s–1990s: Dungeons and Dragons 3.5 1980s–present: AIDS 3.6 1970s–present: Video games and violence 3.7 1970s–present: Crime increase 3.8 1970s–present: War on drugs 4 Criticism 5 Other 6 See also 7 References 8 Further reading 9 External links Use as a social science term[edit] Marshall McLuhan gave the term academic treatment in his book Understanding Media, written in 1964.[9] According to Stanley Cohen, author of a sociological study about youth culture and media called Folk Devils and Moral Panics (1972),[10] a moral panic occurs when "...[a] condition, episode, person or group of persons emerges to become defined as a threat to societal values and interests".[4] Those who start the panic when they fear a threat to prevailing social or cultural values are known by researchers as moral entrepreneurs, while people who supposedly threaten the social order have been described as 'folk...
Words: 2587 - Pages: 11
...tended to dominate the industry. Corresponding to social, economic, and technological change, popular music is intimately linked to the identity of musicians, performers, or artists, as well as audiences and fans. Popular music is ubiquitous; from shopping malls and advertising to gymnasiums/fitness classes and political campaigns, popular music is a common feature of people's everyday lives and a significant aspect of consumer culture. For fans and enthusiasts, popular music can be a leisure-time pursuit occurring on evenings or weekends; alternatively, it can constitute a lifestyle, or way of life (e.g., Deadheads—a group of fans of the American band Grateful Dead who saw the band at as many gigs and festivals as possible from the 1970s onward). For many people, the consumption of popular music is a significant means of identification, affiliation, and belonging. Different forms of popular music can create pleasure and excitement for some and moral panic and dread for others; it is a much debated and important realm of cultural life with significant implications for our...
Words: 3041 - Pages: 13
...Chapter 30: Economic and Social Change in the Late 20th Century Economic, cultural, and social changes have affected America greatly in the late twentieth century. The population since 1980 has become increasingly older, urban, diverse, southern, and western. Declining birth rates and rising life expectancy combined to produce an aging population. Between 1970 and 1990 most American financial and industrial growth occurred in the South and West, the Sunbelt. The Sunbelt also proved attractive to large numbers of new immigrants from Latin America and Asia. Lyndon Johnson's 1965 Immigration Act laid the basis for an increased volume and diversity of immigrants. Modern legislation has attempted to limit immigration to political refugees, and also to curb illegal immigration, while raising the number of immigrants with specific skills. Continued flight of businesses and individuals to the suburbs brought transformation and crisis in the nation's urban areas, but the 1990s witnessed a revival and renewal in some major cities. Technological change has ushered in amazing economic transformations. The most noteworthy new technologies are those in biotechnology, high-performance computing, and communications systems. Innovations in credit, electronic banking, franchising, and globalization, especially through the widespread use of computers, have affected business. Employment in traditional manufacturing areas declined while unions saw their membership and political power...
Words: 1011 - Pages: 5
...Later when he was a teenager in the late 1960s, he became rebellious, grew to love rock music like the Grateful Dead, and got addicted to acid. A few years later, Greg turned to the Hindu religion and stopped dropping acid. He stayed at the temple in Brooklyn for a short time before being transferred to the New Orleans temple. It was at the New Orleans temple that Greg felt his eyesight fading and the swami told him that it was just a sign of his spiritual growth. Eventually, his parents visited him, noticed that he was extremely sickly looking, and checked him into the hospital. The hospital doctors found that he had a massive benign brain tumor and removed it. He was transferred to the Williamsbridge Hospital and that is where Oliver Sacks met him. Sacks noticed that Greg had anterograde amnesia which caused him to have no memory past 1970. In the end, Sacks takes Greg, wheelchair bound, to a Grateful Dead concert at Madison Square Garden. Greg had the time...
Words: 512 - Pages: 3
...before. In 2012, Michael approached his father with a proposition: ‘Let’s get into some of the bigger projects now. Baby Boomers were born just after World War II through the mid-1960s. Corporate downsizing in the 1980s and 1990s cast aside millions of baby boomers. Companies today place considerable value on their skills, experience, and a strong work ethic, characteristics that many boomers possess. Generation X is the label affixed to the approximately 41 million U.S workers born between the mid-1960s and late 1970s. Generation Xers differ from previous generations in some significant ways, including their natural affinity for technology and their entrepreneurial spirit. Generation Xers recognize that their careers cannot be founded securely on a relationship with any one employer. Gen Xers are focused on gaining transferrable skills so that they can be ready should they no longer have a job. Generation Y comprises people born between the late 1970s and mid-1970s and mid-1990s. Generation Yers-often referred to as the echo boomers,...
Words: 1088 - Pages: 5
