Why Hydraulic Fracking Should Be Conducted At Drilling

Last year alone, oil and gas companies put hundreds of millions of gallons of hydraulic fracturing fluids into the earth. Many of these fluids were found to contain harmful chemicals such as carcinogens- substances that directly cause cancer. This is why hydraulic fracking has been the topic of heated debate over the past few years. This process of drilling for natural gas has become increasingly popular over the past decade, and has in turn produced many questions about the safety of its wells and the chemicals that are used in drilling. Under current regulations, hydraulic fracking is permitted to be conducted at drilling sites that are located very close to residential areas. The chemicals used in the drilling process have been leaking out of wells, and have contaminated drinking water for some communities. In addition, it pollutes the air by putting methane, a potent greenhouse gas, into the atmosphere. Concerned about the safety of fracking, cities such as Longmont have shown gr eat opposition to the Colorado Oil and Gas Association (COGA)’s regulations. In fact, Longmont citizens voted to put a ban on fracking within city limits in 2012. This ban has been met with retaliation from COGA, who sued the city because of the ban. If fracking isn’t allowed to be banned by cities that don’t want it, then the regulations need to change in order to make the practice both prosperous and safe for the community. Hydraulic Fracturing, commonly known as fracking, is a processShow MoreRelatedFracking And The Environment : Fracking983 Words   |  4 PagesTayler Hedgecock Dr. Allen Composition 2 MWF 11 AM Fracking and the Environment Hydraulic fracturing, also known as fracking, is not an environmentally sound method of acquiring cleaner, cheaper energy. Fracking is a practice that is being used in order to collect natural gas from deep within the earth’s layers of shale rock. Fracking is the process in which water, sand, and chemicals are forced with immense pressure, approximately ten to fifteen thousand pounds per square inch, into the shale rockRead MoreHydraulic Fracturing And Fracking : A Controversial Topic Across The Globe1489 Words   |  6 PagesHydraulic Fracturing or Fracking, as it more commonly known, is a very controversial topic across the globe. In the United States, its status remains the same. Hydraulic fracturing is a method of oil and natural gas production. The process includes the drilling of pipes 1-1.5 miles within the earth. After that pipe is secured and has an impermeable layer around the pipe, a tool that creates small holes within the impermeable layer is sent down through t he pipe. It creates holes in the pipe that allowsRead MoreFracking Of The United States911 Words   |  4 Pages101 8 September, 2015 Fracking in The United States Fracking is a term that is used as a shorthand term referring to hydraulic fracturing. This is a type of drilling used for oil and natural gas within the Earth. Fracking has been used commercially for the last 65 years in the U.S... With the new technology advances in the field along with advanced hydraulic fracturing and horizontal drilling is responsible for the U.S. surging in the oil and gas production. Fracking is allowing the U.S. toRead MoreHydraulic Fracturing, The Advantages And Disadvantages2628 Words   |  11 Pages Understanding Hydraulic Fracturing, The Advantages and Disadvantages Prepare By: Dennis Lacerte Submitted Date: December 3, 2014 Contact Information: djamesl@rams.colostate.edu â€Æ' Table of Contents EXECUTIVE SUMMARY 2 INTRODUCTION 2 HYDRAULIC FRACTURING PROCESS 3 ENERGY CONVERSION AND PRODUCTION PROCESS 6 ENVIRONMENTAL AND HEALTH EFFECTS OF HYDRAULIC FRACTURING 7 LAND AND RESOURCE EFFECTS 7 ATMOSPHERIC EFFECTS 8 WATER EFFECTS 8 HEALTH EFFECTS 9 HYDRAULIC FRACTURING ALTERNATIVES 9Read MoreHydraulic Fracturing3418 Words   |  14 PagesThe Split Personality of Hydraulic Fracturing There is wide agreement among most experts and the public that the current energy sources we use in the United States are in need of a replacement. Reliance on the fossil fuels of coal and oil are problematic for at least two reasons: their negative impact on the environment (both in extraction and their use) and the reliance on supplies of these from other countries, which has created problems on the geopolitical front. Nuclear fission remains a controversialRead MoreFracking Of The United States1307 Words   |  6 Pages2014 Dr. Gray Final Paper Fracking in the United States Hydraulic fracking in the United States is a current environmental hazard that has to be addressed by the American people and by the federal government. Fracking in America has opened up millions of acres of lands that were once not economically viable to produce oil and gas. While the Bureau of land Management has paved the way for hydraulic fracturing on public lands, there is a need for retaliation. Fracking is a dirty method of extractingRead MoreHydraulic Fracturing4405 Words   |  18 PagesGEB6445 – SOCIAL, ETHICAL, LEGAL SYSTEMS Hydraulic Fracturing The topic of hydraulic fracturing has been a source of debate in recent years. Often referred to as â€Å"fracking,† this controversial process involves injecting vast amounts of water, sand and chemicals deep into the ground at high pressure to crack the shale and release the natural gas trapped within. Critics fear the process endangers the public water supply because well drilling goes through the water table which exposes itRead MoreThe Gas And Natural Gas1808 Words   |  8 PagesWith reserves in 31 states, the US has a supply of natural gas large enough to provide the country with energy for decades (â€Å"Gas Drilling: The Story So Far†). Access to these vast deposits is helping to significantly decrease the United States’ reliance on foreign energy, as we have recently become the largest natural gas producer worldwide (â€Å"Hydraulic Fracturing Natural Gas and Oil Development†). In addition to abundance, natural gas has several other benefits as well. Natural gas emits onlyRead MoreWhat ´s Hydraulic Fracturing 763 Words   |  3 PagesHydraulic Fracturing is a process/technique that was produced around the 1940s and it is a way in which we can allow natural gas and oil to be able to move around from the rock pores in which they are trapped inside of, to allow this to move to a producing well. Hydraulic Fracturing is used because it recovers energy resources as well as producing great amounts of hydrocarbons from each well. If we use this process, this will mean that we no longer would need to use the drilling processRead MoreHydraulic Fracking Essay15746 Words   |  63 PagesHydraulic Fracturing (â€Å"Fracking†) LAS 432 – Technology, Society, and Culture Team B Michael Griffin Mark Hartwick Alena Hutson Kansas Gentry Kevin Gracia Professor Douglas McCoy 8/24/12 Contents Thesis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 3 Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 3 Hydraulic Fracturing Description†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 4 History of Fracking.....................†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 5 Cultural Context†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page

Financial Ratio Analysis Qantas Airways Limited - 924 Words

Financial Ratio Analysis Qantas Airways Limited Introduction This report is a financial analysis of Qantas Airways Australian covering the last two complete financial years 2015 to 2016. The analysis will be conducted using a series of financial ratios drawn from the following categories of the main ratio categories. Including profitability, asset efficiency, liquidity, capital structure, and market performance. The report will highlight what the ratios indicate in the context of the company’s operations. The report will also endeavour to provide an overall assessment of the company’s performance for the most recent period and discussion about which aspect of the company’s financials has demonstrated the most improvement. The†¦show more content†¦Jetstar includes Jetstar, Jetstar Asia and investments in Jetstar Pacific and Jetstar Japan (IBISWorld, 2017).Qantas freight which includes Qantas air cargo and express freight businesses, operated under the Qantas Freight, Australian air Express and Star Track Express b rands (IBISWorld, 2017). Qantas catering which comprises Snap Fresh and Q Catering, which operates five catering and food production centres across Australia and Qantas frequent, a 10 million member frequent flyer loyalty program (IBISWorld, 2017). Profitability There will now be a look at the profitability aspect of Qantas airways operations. The following ratios have been selected for the last two most recent years of 2015 and 2016 these are the Gross profit margin, return on equity (ROE), and Return on Assets (ROA).The Ability to make profits and secure returns for investments are key indicators of a company’s financial viability (Birt, Chalmers, Maloney, Brooks, Oliver, 2012). This is illustrated by the large increase in earnings per share seen in the market performance section. In the data, Table1 Profitability ratios Categories 2016 2015 Change Percentage change profit available to owners 1029 557 472.00 84.7% Equity 3260 3447 -187.00 -5.4% profit 1643 1048 595.00 56.8% Assets 16705 17530 -825.00 -4.7% Sales Revenue 13961 13604 357.00 2.6% ROEShow MoreRelatedFinancial Analysis Of Qantas Airways Limited1336 Words   |  6 Pages Financial Ratio Analysis Qantas Airways Limited Word count 3297 Introduction This report is a financial analysis of Qantas Airways Australian covering the last two complete financial years 2015 to 2016. The analysis will be conducted using a series of financial ratios drawn from the main categories of liquidity, profitability, and capital structure and market performance. The report will highlight what the ratios indicate in the context of the company’s operations. The report will endeavour toRead MoreFinancial Analysis : Qantas Airlines1157 Words   |  5 PagesFINANCIAL ANALYSIS SUBMITTED BY: PRIYA BINDRA-12978038 ALISHA DESHAR-13058812 AVTAR SINGH BHANGRA-13032771 TABLE OF CONTENTS EXECUTIVE SUMMARY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 INTRODUCTION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 BUSINESS PERFORMANCE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 COMPETITORS 6 DISCLOSED AND PAID DIVIDENDS 7 OTHER ITEMS 7 FINANCIAL STATEMENT ANALYSIS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.7 CONCLUSION 13 APPENDIX†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreQantas Airways Limited. . Author:. . Course/Class:. Institution:.1524 Words   |  7 Pages QANTAS AIRWAYS LIMITED Author: Course/Class: Institution: Date: Qantas Airways Limited Performance Analysis In the analysis of earning and cash flow, the accounting return is very important. It is the average accounting profit divided by the project’s initial investment. The average annual profit is 694 million while the average annual investment is 13,968.5 million. Therefore the accounting return is 4.96%. The company has a cost of debt of 1.4% while the Cost of equity is 4Read MoreQantas Airways Ltd: Analysis and Valuation4978 Words   |  20 PagesTABLE OF CONTENTS TOPICS PAGE NO. 1.0 Executive Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3-4 2.0 Objectives†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 3.0 Economic Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..6-7 4.0 Industry Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..8-10 5.0 Company Profile..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.11 5.1 Key Financial Ratios†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦11-12 6.0 Valuations†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦15 6.1 Dividend Valuation Model†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦14-16 6.2 Price-Earnings(P/E) Model.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..17 Read MoreImpact Of The Queensland And Northern Territory Aerial Service4036 Words   |  17 PagesExecutive Summary: This report will look at what impact of the Queensland and Northern Territory Aerial Service (Qantas) profit announcement on 28th of August 2014. Also it will look at the implications for the business and also its competitors. This report was able to outline that the significant loss by Qantas over the Financial Year of 2014. The report will outline the following: 1.1: Objective of the Report 1.2: Introduction to the Companies 1.3: Profit Announcements 1.3.2: What the ReportRead MoreQantas strategies Analysis4526 Words   |  19 Pagesï » ¿ Criterion Maximum Mark Your mark Research and analysis of company information 5.0 4.0 Considerations of constraints impacting organisational strategy 5.0 3.75 Application of relevant theories of strategy 5.0 3.75 Development of argument and applied critical thought 5.0 4.0 Written communication referencing 5.0 3.25 Total marks /25 18.75 EXECUTIVE SUMMARY The report has discussesd and appliesd theoretical concepts and principles of strategicRead MoreVirgin Blue: Industry and Company Analysis5668 Words   |  23 Pages1. Executive Summary The following report is a comprehensive industry and company analysis of the Australian domestic airline industry and in particular Virgin Blue. The purpose of this report is to determine the success of Virgin Blue in the domestic airline industry and how it plans to position itself into the future. Success in this report is about being competitive and innovative in a challenging environment in order to meet the company’s desired goals. In order to be successful and to meetRead MoreQantas Airline Financial Valuation and Sensitivity Analysis3525 Words   |  15 Pagesdownload the following data 2 2. using the data from 1b and 1c construct a Characteristic Line and determine Beta for the company. Is this Equity or Asset Beta? 2 3. Rebuild the Five Year Historical Financial Statement, extracting only relevant cash flow data for NPV analysis 5 4. Forecast another five years of relevant data. You must explain the method you use to derive your forecast data. E.g. basis of your forecast growth rate, working capital consideration, nominal or realRead MoreEssay on Hing Yeung Wong 3249438 ACCT5910 Project5324 Words   |  22 Pagesï » ¿Executive Summary Qantas Groups’ performance over the 2007 to 2011 period has been relatively poor mainly as a result of the global financial crisis adversely affecting the firm’s international operations. Strategically, Qantas is likely to continue to dominate the domestic airline industry with the success of Jetstar prompting expansion into the Asia Pacific region. The most significant threats facing Qantas include high fuel prices, the value of the Australian dollar and industrial action. A comprehensiveRead MorePublic Relations in Travel and Tourism: Qantas Airways Case Study5155 Words   |  21 Pages 1.1 Qantas Airways: Public Relations as a Promotional Tool The public relations strategy (PR) defined by the Qantas Group is very clear and the PR portfolio is very broad. The core PR goals of the group are as follows: By keeping a strong focus on the customers the strong domestic businesses of the Group are constructed and sustained. By targeting the four pillars of the global gateways the Qantas International should be turned around. PR efforts should be made to improve the experience of

Labor Market Analysis

Question: Write an essay onlabor market analysis. Answer: A labor market analysis mainly identifies the areas within which the company competes for employment. The labor market analysis helps to conduct the market survey within the labor market in order to determine the rate of the wage that is paid to the different individuals. There are different labor market segments in the economy of the Australian labor Market. The labor market mainly refers to the interaction between the demand and supply of labor. The labor market analysis in the Australian labor market mainly helps to determine the number of jobs in the Australian labor market (Bowen Finegan, 2015). The size of the Australian labor force has increased from 5.6 million individual to about 9.8 million between the years 1971-2001. Over the past thirty years, the Australian labor market has undergone a reflective transformation. On the supply side, the individual workers are the part of the labor market where they supply labor inputs into production. In the Australian labor market, the rate of employment increased to 17,400 and the rate of unemployment-decreased by781, 100. The official rate of unemployment decreased from 0.1 points to 65 percent (Atalay Barrett, 2015). An Understanding of Australian Traditional Market Theory As per the reports, there are trends that have been going on in the digital technology as well as social media that are expanding with the help of the marketing methods. The traditional marketing theory can be explained in the following ways:1. Market the traditional market theory are mainly based on an acquaintance with the markets. The market in turn consists of the consumers, competitors as well as the authoritarian agencies. The effectual traditional market in turn offers a higher value of the consumers as compared to that of the competition that takes place in the market. The traditional market theory makes certain that the company acts in agreement with the appropriate laws as well as regulations. In order to execute a successful marketing strategy the company must be aware of what the consumers requires as well as what the competitors are executing (McLachlan, 2013).As per as a marketing survey that has been conducted, the survey provides a feedback on the attitude of the con sumers towards the product of the company as well as the competitors. Since different consumers have diverse needs, the companies must choose a market that can be easily accessible at a reasonable price (Hildenbrand, 2014).2. Product As per as selling is concerned, traditional marketing differs in the approach they use to sell the products. In terms of traditional marketing, selling is termed as the fact that requires convincing the consumers so that they purchase the products that is sold by the company. Traditional marketing finds out what is required by the consumers as well as what is the cost the consumers are willing to pay. After finding out the details, the company will offer the price to the consumer that the consumer is willing to pay. If the marketing research is done correctly, then the consumers will purchase the product (Sabia Wooden, 2015). 3. Channel One of the most important elements of traditional marketing is the selection of a distribution channel that is expe dient for the consumer who is buying the product. The distribution channels mainly include the retail stores, direct sales as well as the mail order with online sale becoming vital. The online sale has also fitted into the theory of traditional marketing model as an optional channel. The marketing survey gives the details about the products that the consumers would prefer to purchase (May et al., 2013). 4. Value One of the most important bases of the traditional marketing is facilitating the valuable goods for exchange. It is very important to promote the products to those customers who has the value for the particular good and is likely to purchase that good. A loyal customer is created when the customer gets the full satisfaction from the consumption of the product. The loyal will thus continue to make the purchase till he or she gets satisfaction from the good. The figure provides a framework about the determination of the outcome of price and quantity in the Australian Labor Ma rket. The determination of the quantity includes the determination of the employment, unemployment as well as the outcome of the price that in turn includes the labor cost of the employer (Wilkins Warren, 2013). S denotes the labor supply that reflects the participation of the workforce. D that in turn reflects the willingness of the employers to hire denotes the demand of the labor. V denotes the level of vacancy, whereas the employment is measured with reference to the D-V curve. W indicates the wage curve that in turn captures the characteristics of the sticky price of the Australian Labor market (Tan Lester, 2012). The Labor Demand Trend in Australia The change in the output and the cost of the inputs mainly changes the demand for the labor. The demand of the labor is modeled as a decision of the firm and also from the neoclassical point of view. The labor market in Australia mainly takes the salary and the cost of the input as given and with the help of this; the firms choose the employment in order to maximize the return. The labor demand curve of the firm in the short run is given by the curve of the marginal revenue product. However, in the long run there are large possibilities of substituting the labor for capital and also the material inputs (Australia, 2014). The traditional demand of labor in Australia can be written in the following ways:ln Lt = 0 + 1 ln (w/p) + 2 ln Qt + 3t + 4 ln Lt-1 + utHere L is defined as the employment that is measured as the number of employees employed and the hours they work. The gross domestic product deflator is denoted by p. The nominal rate of wage is indicated by w and Q is the output (Du ncan et al., 2014). The time trend is denoted by t. In the Australian Labor Market, the wages changes drastically and it also flows across the financial system to all the industries. In the Australian Labor Market, the employment is generally measured in terms of the total employment and it is degenerated on the numerous variables that include real wages, output as well as the time (Australia, 2014). The change in the technology leads to the trend in the labor demand of the Australian labor Market. The technological change increases the productivity of the high skilled as compared to that of the low-skilled workers. The second factor that has affected the trend in the labor demand in the Australian Market is the international trade that has abridged the relative demand for the low-skilled workers. The Labor Supply Trend in Australia The labor force in Australia includes those individuals who are employed and are actively looking for jobs. One of the factors that contribute to changing trends in the Australian labor supply is migration. Immigration affects the labor supply trend in Australia by increasing the population of the working age. Immigration helps to improve the growth of the economy by bringing the skilled workers who are highly demanded. The change in the composition of the migration intake of Australia has affected the labor supply of the Australian labor market. The rise in participation has corresponded with a decrease in average hours labored, predominantly over the past decade. As a result, the entire number of hours worked has developed at a slower rate than the number of people working. (Muffels, 2014). The factors those are included in migration also includes a range of temporary visa holders and the working holiday makers who also leads to the trend in the labor supply of the Australian Labor market. The taste, attitudes and the preferences of the workers also affects the supply trend in the Australian labor market (Watson, 2013). The size of the working population is also responsible for the change in the supply of the labor in Australia. As per the report, the yearly growth of population in Australia picked up in the year 2000. The proportion of the labor force that had arrived in Australia in the preceding five years increased from under 3 per cent in 1996 to almost 6 per cent in 2011. The immigration resulted in the improved rate of the supply of labor and as a result, the number of unemployed immigrants decreased. The immigrants as a result, had a higher rate of participation as compared to that of the general population. This was mainly because the immigrants were younger as compared to the general population. The major contribution of immigration to the labor supply has come from changes in the composition of migration intake in Australia. In particular, the aug ment in enduring visas since the mid 1990s has mostly been for skilled migrants. As per the reports, there are a total of 457 visas that contributed to the total number of immigrants that in turn contributed to the total supply of labor. The immigrants mostly settled in the Western part of Australia as well as Northern Territory where the jobs related to mining was mostly popular. The visas of the students also contributed to the larger supply of labor in Australia. The students in Australia worked for at least 20 hours a week while their lessons are in session. Over the past decade, the number of students who holds visa has tripled. This was by far the largest increase in the visa category. The number of working holiday visa holders in Australia has approximately two folded since the mid 2000s. However, this number was relatively as compared to the students and other immigrants. The demand and Supply Equilibrium in the labor marketThe wage w* is also known as the market clearing w age and the reason is that any other wage level would either create an upward or a downward force on the wage. As a result, there will be number of jobs that will be chasing only a few accessible employees. A competitive market maximizes profit by adding P and Q that is P + Q. The number of individuals who desires to work equals the number of employees who are hired by the firm at the market clearing wage rate w*. In the diagram it is depicted that at the market clearing wage rate w*, E* employees are hired (Tan Lester, 2012). The elasticity of the real wage in Australia is estimated by using the general equilibrium models. Regression analysis Demand and supply for the labor market depends on various factors. Demand and supply of labor force in Australia had changed over the past ten years. Various factors have affected this change in the demand and supply of the labor forces in Australia. In order to perform the regression analysis of demand and supply of labor force in Australia, demand and supply of the labor force of Australia is considered as the dependent variables (Cameron Trivedi, 2013). These two variables are independent of each other. The demand of labor force depends on the Technological change (percentage of manufactured export) and international trade (in $m). The supply of labor force in Australia depends on net overseas Immigration (in '000) and size of the working population (percentage of total). Regression analysis was performed for the two variables, demand of labor force and supply of labor force independently (Draper Smith, 2014). The regression equation for the demand of labor force was found to be demand = 7.52028 + 0.13175 x1 + 0.091498x2; where x1 = Technological change (percentage of manufactured export) and x2 = international trade (in $m). It could be interpreted that demand on labor force would be 7.52028 in absence of all the factors (Kleinbaum et al., 2013). The Technological change (percentage of manufactured export) influence the demand of labor force positively while the factor international trade (in $m) influence the demand of the labor force positively by a factor of 0.091498 (Montgomery et al., 2015). The regression equation for the supply of labor force was found to be supply = 50.1715 0.002136 x3 -2.642694 x4; where x3 = net overseas Immigration (in '000) and x4 = size of the working population (% of total). The supply of the labor force would be 50.1715 in absence of the two factors that influence the labor force. The factor net overseas Immigration (in '000) influence the supply of labor force negatively by 0.002136 while the factor size of the working po pulation (% of total) influence the supply of labor force negatively by 2.642694 (Seber Lee, 2012).The hypothesis test for demand shows that the F-value of the test is 0.57, which is greater than 0.05 for demand. This leads to the acceptance of null hypothesis and the demand depends on the two factors. The R squared value of demand is 0.1404. This suggests a weak degree of correlation between the demand and the two variables, Technological change and international trade. The hypothesis test for supply shows that the F-value of the test is 3.787, which is greater than 0.05 for supply. This leads to the acceptance of null hypothesis and the supply depends on the two factors. The R squared value of supply is 0.519. This suggests a moderate degree of correlation between the supply and the two variables, net overseas Immigration and size of the working population. The breakeven point of the demand and supply curve is 10.00. This is the point that at which the demand and supply curve mee t each other. The value of the demand curve and the value of the supply curve is increasing and decreasing with time respectively. Thus, the breakeven point is 10.00. Conclusion The effectual traditional market offers a higher value of the consumers as compared to that of the competition that takes place in the market. The traditional market theory makes certain that the company acts in agreement with the appropriate laws as well as regulations. In order to execute a successful marketing strategy the company must be aware of what the consumers requires as well as what the competitors are executing. It is concluded that immigration affects the labor supply trend in Australia by increasing the population of the working age. Immigration helps to improve the growth of the economy by bringing the skilled workers who are highly demanded. The labor market in Australia mainly takes the salary and the cost of the input as given and with the help of this; the firms choose the employment in order to maximize the return. The visas of the students also contributed to the larger supply of labor in Australia. The labor demand curve of the firm in the short run is given by the curve of the marginal revenue product. References Australia, D. (2014). Australian Dairy Industry. Dairy Australia. Available online: www. dairyaustralia. com. au/Industry-information/About-the-industry. aspx.Australia, G. C. (2014). An analysis of the gender wage gap in the Australian graduate labour market, 2013.Cameron, A.C. Trivedi, P.K., (2013). Regression analysis of count data(Vol. 53). Cambridge university press.Draper, N.R. Smith, H., (2014). Applied regression analysis. John Wiley Sons.Duncan, S., Edwards, R., Edwards, R. (2013). Single Mothers in International Context: Mothers or Workers?. Routledge.Fincher, R. (2014). Class and gender relations in the local labor market and the local state. The Power of Geography (RLE Social Cultural Geography): How Territory Shapes Social Life, 93.Hildenbrand, W. (2014). Market demand: Theory and empirical evidence. Princeton University Press.Kleinbaum, D.G., Kupper, L.L., Nizam, A. Rosenberg, E.S., (2013).Applied regression analysis and other multivariable methods. Nelson Educati on.May, R., Peetz, D., Strachan, G. (2013). The casual academic workforce and labour market segmentation in Australia. Labour Industry: a journal of the social and economic relations of work, 23(3), 258-275.McLachlan, R. (2013). Deep and Persistent Disadvantage in Australia-Productivity Commission Staff Working Paper.Montgomery, D.C., Peck, E.A. Vining, G.G., (2015). Introduction to linear regression analysis. John Wiley Sons.Muffels, R. J. (Ed.). (2014). Flexibility and employment security in Europe. Edward Elgar Publishing.Sabia, J. J., Wooden, M. (2015). Sexual Identity, Earnings, and Labour Market Dynamics: New Evidence from Longitudinal Data in Australia.Seber, G.A. Lee, A.J., (2012). Linear regression analysis (Vol. 936). John Wiley Sons.Tan, Y., Lester, L. H. (2012). Labour market and economic impacts of international working holiday temporary migrants to Australia. Population, space and place, 18(3), 359-383.Watson, I. (2013). Bridges or traps? Casualisation and labo ur market transitions in Australia. Journal of Industrial Relations, 55(1), 6-37.Wilkins, R., Warren, D. (2013). Families, incomes and jobs, volume 8: a statistical report on waves 1 to 10 of the household, income and labour dynamics in Australia survey. Melbourne: Melbourne Institute of Applied Economic and Social Research Faculty of Business and Economics.

Spectator free essay sample

Throughout centuries, society has not only characterized but also distinguished the male and female population by means of intellectual, social, and psychological standards. Males are conventionally accepted as rational, unfluctuating, and perceptive beings, while females are often designated as emotional, fragile, lethargic creatures. In this way, society confines these two distinct groups of population to isolated areas, where each serves a peculiar purpose within the confines of the orthodox behavior. As time progresses, society also establishes various means to enforce these traits in order to ensure no one individual deviates from the accepted path. One form of this reinforcement exists in written literatures. One author, Joseph Addison, chose to illustrate the abiding ideals of his time in his satirical newspaper, The Spectator. From an examination of The Spectator No.275 and The Spectator No.281, the reader can gain insight into the society’s sentiment of proper decorum for both sexes during the 1700s as Addison depicts the Beau’s head, the Coquet’s heart, and the evident contrast between the two. We will write a custom essay sample on Spectator or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page These works portray not only the society’s sentiment of proper decorum for both sexes during the 1700s through evident dichotomous contrast, but also a lucid examination of the psychological aspect of human relationships. Characterized by narcissism, vacuosness, and unscrupulousness, the Beau is by all means the paradox of the ideal figure of 1700s courtship. First, Joseph Addison metaphorically described the Beau’s skull is composed of cavities which encompass not substantial substance, but thousands pieces of little mirrors. Unlike average modest individuals who chose to reflect upon other occasions and care for other individuals, the Beau has eyes only for himself. Furthermore, the thousands of mirrors serve as entrapments which confine the Beau in a state of self-denial. An individual who cannot escape from the limited space of his own ideas will be forever attenuated into that specific place and oblivious to everything around him. Next, the Beau’s tongue is described as devoid of any passage to the brain, which defines the vacant state of the individual. While men are often rational and take great care with planning, this specific individual speaks without first taking heed of his own words. In addition, both the Beau’s thick-skinned and disengaged eye elevator muscle mark his sense of immorality, for he could experience no shame due to his ignorance of chastity that can only be brought forth by firm religious ethics. Through his depiction of the Beau, Joseph Addison degrades those who display similar attributes to that of the Beau and disencourages the general public who may wander into that path. Whereas the Beau is portrayed sardonically by Joseph Addison, the Coquet is delineated in a more sympathetic light. Having been the victim of many trials of difficulty, the Coquet’s heart grew a protective case which defends itself from future daggers. Although some cavities of her heart encompass numerous frivolous objects that symbolize the female’s superficial aspect, her heart in general is complex and contains intricate fibers in which these dictate the female’s actions. Perhaps such description reveals the essence of the female psychology. Whereas males are predominantly directed by rational ideas from that sprang from their minds, women tend to be more attentative to their hearts. Finally, the most startling aspect of the Coquet is represented in the central core of her heart which contains an imprint of the image of the Beau. Ironically, the Coquet, who dallies with multiple males, becomes, in fact, enamored of the pompous and vain Beau. Furthermore, thi s preserved image of the Beau restores a sense of good within the Coquet, for one who has the ability to etch the image of another in her heart cannot be completely vain. In the Coquet’s description, Joseph Addison seems to impart some sympathy to individuals similar to the Coquet as he hints almost for her to be the victim. Indeed, Addison’s selection of the Beau’s head and Coquet’s heart as symbolic objects to depict characteristics inherent in both sexes was certainly not arbitrary. Since males tend to be guided by rationales through their actions, the Beau’s head was an apt entity for the description. On the other hand, since females were thought of as emotional creatures, they were more inclined to follow intuitions of the heart. Furthermore, Addison highlighted one aspect of relationship prevalent amongst males and females in society: for centuries, males have been placed upon a hierarchy of higher social standings than females, and were disposed to feel a certain degree of self importance. Females, contrastingly, have been offered as pillars of support for these males and have fewer tendencies to replace their needs with those of their male counterparts. In this way, while both may have been in a relationship, the Beau’s mirror reflects only himself, whereas the Coquet’s heart has the Beau’s image etched in its heart. Joseph Addison’s two works brought readers much insight into the society’s sentiment of proper decorum for both sexes during the 1700s through the depiction of the Beau’s head, the Coquet’s heart, and the evident contrast between the two. These two pieces convey not only the society’s sentiment of proper decorum for both sexes during the 1700s through evident dichotomous contrast, but also a lucid examination of the psychological aspect of human relationships. Detailed analysis reveals that some characteristics can be found not only in the hearts of individuals in the 1700s, but also in individuals today.

Philosophical Quotes on Art

Philosophical Quotes on Art How to tell an artwork from what is a work of art is not? What is it that makes an object, or a gesture, a work of art? Those questions lie at the core of Philosophy of Art, a major subfield of Aesthetics. Here is a collection of quotes on the subject. Theodor Adorno Art is magic delivered from the lie of being truth. Leonard Bernstein Any great work of art... revives and readapts time and space, and the measure of its success is the extent to which it makes you an inhabitant of that world- the extent to which it invites you in and lets you breathe its strange, special air. Jorge Luis Borges A writer- and, I believe, generally all persons- must think that whatever happens to him or her is a resource. All things have been given to us for a purpose, and an artist must feel this more intensely. All that happens to us, including our humiliations, our misfortunes, our embarrassments, all is given to us as raw material, as clay, so that we may shape our art.​ John Dewey Art is the complement of science. Science as I have said is concerned wholly with relations, not with individuals. Art, on the other hand, is not only the disclosure of the individuality of the artist but also a manifestation of individuality as creative of the future, in an unprecedented response to conditions as they were in the past. Some artists in their vision of what might be but is not, have been conscious rebels. But conscious protest and revolt is not the form which the labor of the artist in creation of the future must necessarily take. Discontent with things as they are is normally the expression of the vision of what may be and is not, art in being the manifestation of individuality is this prophetic vision. Art is not the possession of the few who are recognized writers, painters, musicians; it is the authentic expression of any and all individuality. Those who have the gift of creative expression in unusually large measure disclose the meaning of the individuality of others to those others. In participating in the work of art, they become artists in their activity. They learn to know and honor individuality in whatever form it appears. The fountains of creative activity are discovered and released. The free individuality which is the source of art is also the final source of creative development in time. Eric Fromm The transformation of an atomistic into a communitarian society depends on creating again the opportunity for people to sing together, walk together, dance together, admire together.

Allied Invasion of Sicily in World War II

Allied Invasion of Sicily in World War II Conflict: Operation Husky was the Allied landings on Sicily in July 1943.Dates: Allied troops landed on July 9, 1943, and officially secured the island on August 17, 1943.Commanders Armies:Allies (The United States Great Britain)General Dwight D. EisenhowerGeneral Sir Harold AlexanderLieutenant General George S. PattonGeneral Sir Bernard MontgomeryAdmiral Sir Andrew CunninghamVice Admiral Sir Bertram Ramsay160,000 troopsAxis (Germany Italy)General Alfredo GuzzoniField Marshall Albert Kesselring405,000 troops Background In January 1943, British and American leaders met at Casablanca to discuss operations for after Axis forces had been driven from North Africa. During the meetings, the British lobbied in favor of invading either Sicily or Sardinia as they believed either could lead to the fall of Benito Mussolinis government as well as could encourage Turkey to join the Allies. Though the American delegation, led by President Franklin D. Roosevelt, was initially reluctant to continue an advance in the Mediterranean, it conceded to British wishes to move forward in the region as both sides concluded that it would not be feasible to conduct landings in France that year and capture of Sicily would reduce Allied shipping losses to Axis aircraft.  Ã‚  Ã‚   Dubbed Operation Husky, General Dwight D. Eisenhower was given overall command with British General Sir Harold Alexander designated as the ground commander. Supporting Alexander would be naval forces led by Admiral of the Fleet Andrew Cunningham and the air forces would be overseen by Air Chief Marshal Arthur Tedder. The principle troops for the assault were the US 7th Army under Lieutenant General George S. Patton and the British Eighth Army under General Sir Bernard Montgomery. The Allied Plan Initial planning for the operation suffered as the commanders involved were still conducting active operations in Tunisia.  In May, Eisenhower finally approved a plan which called for Allied forces to be landed in the southeastern corner of the island.  This would see Pattons 7th Army come ashore in the Gulf of Gela while Montgomerys men landed further east on both sides of Cape Passero. A gap of around 25 miles would initially separate the two beachheads. Once ashore, Alexander intended to consolidate along a line between Licata and Catania before conducting an offensive north to Santo Stefano with the intention of splitting the island in two. Pattons assault would be supported by the US 82nd Airborne Division which would be dropped behind Gela before the landings.   The Campaign On the night of July 9/10, Allied airborne units began landing, while American and British ground forces came ashore three hours later in the Gulf of Gela and south of Syracuse respectively. Difficult weather and organizational miscues hampered both sets of landings. As the defenders had not planned on conducting a pitched battle on the beaches, these issues did not damage the Allies chances for success. The Allied advance initially suffered from a lack of coordination between US and British forces as Montgomery pushed northeast towards the strategic port of Messina and Patton pushed north and west. Visiting the island on July 12, Field Marshall Albert Kesselring concluded that their Italian allies were poorly supporting German forces. As a result, he recommended that reinforcements be sent to Sicily and the western side of the island be abandoned.  German troops were further ordered to delay the Allied advance while a defensive line was prepared in front of Mount Etna.  This was to extend south from the north coast towards Troina before turning east. Pressing up the east coast, Montgomery attacked towards Catania while also pushing through Vizzini in the mountains. In both cases, the British met strong opposition. As Montgomerys army began to get bogged down, Alexander ordered the Americans to shift east and protect the British left flank. Seeking a more important role for his men, Patton sent a reconnaissance in force towards the islands capital, Palermo. When Alexander radioed the Americans to stop their advance, Patton claimed the orders were garbled in transmission and pushed on to take the city. The fall of Palermo helped spur Mussolinis overthrow in Rome. With Patton in position on the north coast, Alexander ordered a two-prong assault on Messina, hoping to take the city before Axis forces could evacuate the island. Driving hard, Patton entered the city on August 17, a few hours after the last Axis troops departed and a few hours before Montgomery. Results In the fighting on Sicily, the Allies suffered 23,934 casualties while Axis forces incurred 29,000 and 140,000 captured.  The fall of Palermo led to the collapse of Benito Mussolinis government in Rome. The successful campaign taught the Allies valuable lessons that were utilized the following year on D-Day.  Allied forces continued their campaign in the Mediterranean in September when landings commenced on the Italian mainland.

Aluminum Essay Example | Topics and Well Written Essays - 2000 words

Aluminum - Essay Example Aluminum is a member of the group III of the periodic table and is classified as a metal with properties lying midway between metals and metalloids. The 8% by weight of the Earth’s crust is made up of aluminum which makes it the most abundant metal in the Earth’s crust and also the third most abundant element. Though insoluble in water, aluminum is a very reactive material. For using in various applications across different engineering and technology fields aluminum has to be extracted from its ores, a majority of which are oxides of aluminum. The most abundant ore of aluminum is bauxite ore. Aluminum has vast applications and is considered to be the most widely used material in all types of engineering. The property of aluminum which makes it suitable for use in various different kinds of engineering applications is its low density and ability to resist corrosion. The ability to resist corrosion is developed through forming a thin layer of aluminum oxide on the surface of aluminum which makes it a passive material as aluminum oxide is a very less reactive. This phenomenon of placing a layer of oxide on the surface of a metal is known as passivation. The light weight of aluminum makes it useful in aerospace industry and the use of aluminum cladding is also getting popularity in architectural and construction industry. There are many chemical reactions in which aluminum can be used as a catalyst due to its reactive nature.