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Seagate Essay examples - 1635 Words

â€Å"Seagate Buyout† | Case Study Analysis | 1. Why is Seagate undertaking this transaction? Is it necessary to divest the VERITAS shares in a separate transaction? Do the shareholders of VERITAS gain or lose from this transaction? Under the original organizational structure, Seagate’s management believed its current stock price is undervalued by the current market and thus not delivering the value to shareholders of Seagate stock. At this time, Seagate also held a significant stake in VERITAS stock, nearly 40%, acquired under a previous transaction. Not long after this initial transaction had occurred, the value of VERITAS stock increase nearly 200%, as Seagate’s stock rose only 25% during that same period. The value of the†¦show more content†¦Further, we would pay off the debt using our excess free cash flow to pay off the debt. By the end of the 5th year, we would sell the firm and gain from any excess value found within the firm. | Yr 0 | Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | D/E ratio | 0.86 | 0.78 | 0.45 | 0.24 | 0.10 | 0.00 | 4. Based on the scenarios in Ex. 81, and on your assessment of the optimal amount of debt to be used in Seagates capital structure, how much are Seagates operating assets worth? Assume that of the $765 million in cash that the buyout team will acquire as part of the transaction, $500 million is required for new investment in net working capital and $265 million is excess cash. Also, assume that the buyout team plans to pay down its debt as cash flows permit during the forecast period. Estimate the value of Seagates operating assets under the following two scenarios: * Scenario (A): The buyout team plans to maintain the terminal debt level in perpetuity. * Scenario (B): Beyond the forecast period, the buyout team plans to maintain its debt at a constant percentage of the firms market value. In Scenario A, the Debt would remain at 0 for good. This results in a D/V ratio of 0 which gives us a WACC of 9.21. Using the WACC to derive the Enterprise value of the company, it is found to be $3.043B. Subtracting the debt of $1.25B, we have a Value of Equity of $1.79B. Subtracting the $765M that isShow MoreRelatedSeagate Technology1708 Words   |  7 Pagesâ€Å"LA ADQUISICIÓN DE SEAGATE TECHNOLOGY† 1. Why is Seagate undertaking this transaction? Is this necessary to divest the Veritas shares in separate transaction?   Porque el mercado estaba menospreciando el valor de sus acciones, esto ya que aun cuando Seagate Technology poseà ­a gran parte de VERITAS (155 millones de acciones) sà ³lo aumento en un 25% el valor de sus acciones que es nada si se compara con el 200% que aumentà ³ el de las de VERITAS. En sà ­ no es necesario, pero al hacerRead MoreSeagate Lbo722 Words   |  3 PagesIn May 1999, Seagate sold its software business to VERITAS Corp in a stock transaction. By undertaking this, Seagate became the largest VERITAS shareholder with over 40% stake. Small numbers of VERITAS’ outstanding shares, both in absolute terms and relative to the Seagate, created relative mispricing due to the increase in demand and decrease in supply. VERITAS stock price appreciated dramatically but Seagates stock price didn’t; as the result the market value of Seagates VERITAS stake exceededRead MoreSeagate Buyout8389 Words   |  34 PagesSeagate Technology Buyout March 22, 2006 By: Rachel Cluck Beth Crocker Heather Preston Jessica Seal Table of Contents Introduction............................................................................3 Objectives ..............................................................................3 Overview................................................................................4 Alternatives – How to Address Seagate’s Low Stock Price ..5 Do Nothing........................Read MoreSeagate Technology1693 Words   |  7 Pagesâ€Å"LA ADQUISICIÓN DE SEAGATE TECHNOLOGY† 1. Why is Seagate undertaking this transaction? Is this necessary to divest the Veritas shares in separate transaction?   Porque el mercado estaba menospreciando el valor de sus acciones, esto ya que aun cuando Seagate Technology poseà ­a gran parte de VERITAS (155 millones de acciones) sà ³lo aumento en un 25% el valor de sus acciones que es nada si se compara con el 200% que aumentà ³ el de las de VERITAS. En sà ­ no es necesario, pero al hacer unaRead MoreSeagate Technology Buyout1198 Words   |  5 Pagesintensive, heavy investments which is not feasible if the Seagate Inc. remains a public company The other capital reorganisations alternatives are involving significant tax liability and considering the present nature of events that Seagate is a public Company, the tax liability will result to loss of the wealth of the shareholders where the capital restructuring option involves corporate taxes as well as personal tax liability. The stock of Seagate Inc., experience an adverse value gap, Such that theRead MoreSeagate Case2016 Words   |  9 Pagesï » ¿ Seagate Buyout Case Group 5 Heng Qiao Eduardo Pereira Wei Wang Yanan Pei Introduction of the companies Seagate Technology, Inc. is one of the world’s largest manufacturers of computer disk drives and related data storage devices with approximately $6.5 billion in annual revenues. In early November 1999, Luczo, president and CEO of Seagate considered a restructuring proposal with Silver Lake, a successful private equity firm that is specified in technology businessRead MoreSeagate Case Study1582 Words   |  7 PagesCase 9 10 Analysis Seagate Technology Buyout The Hertz Corporation Advanced Corporate Finance MW 2:00-3:15 PM  Question 1 On page 1, the â€Å"value-gap† is two-fold. It signifies an under-valuation of Seagate’s core disk drive operating assets due to unfavorable public market investor preferences. Furthermore, the value of the Veritas share price has caused the Veritas stake to far outweigh the value of Seagate’s stand-alone market capitalization. Since Seagate does not own at least 80%Read MoreComputer Component Upgrade : Parts Of A Computer Essay2061 Words   |  9 Pagesalso be beneficial as his current hard drive is also near failing. 1TB HDD s Hard Drive Name Cache RPM Price 1 Seagate Barracuda ST31000340AS 32MB 7200 $54.48 2 WD Blue WD10EZEX 64MB 7200 $82.25 z Seagate Barracuda ST1000DM003 64MB 7200 $84.38 4 WD Green WD10EZRX 64MB 5400 $86.88 5 WD Blue WD10EALX 32MB 7200 $94.30 6 Seagate SV35.6 ST1000VX000 64MB 7200 $94.33 7 Seagate Barracuda 7200.12 ST31000524AS 32MB 7200 $97.34 8 WD Red WD10EFRX 64MB 5400 $107.95 9 WD AV-GP WD10EURX 64MB 5400Read MoreThe Importance Of Teamwork And Increase Teamwork At Seagate1779 Words   |  8 Pagesstarted EcoSeagate in 2000, after becoming president of the hard drive manufacturing company Seagate. EcoSeagate is a team development meeting held in the desolated mountains of New Zealand. 200 employees are chosen and split into 40 groups of 5 and each employee must read The Five Dysfunctions of a Team. The purpose of this annual event is to show the importance of teamwork and increase teamwork at Seagate. For five days they go through competitive events to encourage them to work together hopingRead MoreEffective Global Strategic Sourcing. Case Study- Seagate Essay744 Words   |  3 PagesSeagate Case Study Seagate Case Study Vincent Morales MBA 6127 Based on the case study Seagate Technology: Real time response to demand, the article discuss key points in regards to Seagate’s evolution of their supply chain to increase visibility and improve service. Seagate changes the role to a real time demand from a change in planned forecast, of which, allowed low risks. This allowed visibility of Holy Grail, which was also ideal for the supply chain evolution. In parallel

Should Teenage Girls Be Allowed For Access Birth Control...

There are many different opinions on whether teenage girls should be allowed to access birth control without parental consent. Each parent has his or her own perspective, and reason behind this issue. Parenting styles help contribute to differing opinions on allowing teenage girls to access birth control without parental consent. Some parents of teenage girls believe they shouldn’t be allowed to access birth control without parental consent because it takes the authority away from them, and promotes sexual activity. Teenage girls can access birth control in some clinics without involving their parents, and some parents think this is not the way to go. Many parents of teenage girls believe if you allow teenagers to make this decision without their parents it takes away a part of the parent’s authority, and teenagers shouldn’t be allowed to make a huge decision by themselves. Not to mention, they are still minors, and should require parental consent. I remember in high an old friend of mine, named Brittney, told me she was thinking about becoming sexually active with her longtime boyfriend. She said she was going to talk to her mom about possibly getting on birth control. Brittney said before she could get the words out of her mouth, her mom yelled at her â€Å"you’re not grown†. Later that night, I got a hysterical phone call from Brittney explaining what happened with her mom. She said she felt she was ready for sexual intimacy, and she was going to proceed forward with herShow MoreRelatedTeenagers And Birth Control Without Parental Consent897 Words   |  4 PagesTeenagers and Birth Control There are many different opinions on whether teenage girls should be allowed to access birth control without parental consent. Each parent has his or her own perspective, and reason behind this issue. Parenting styles help contribute to different opinions on allowing teenage girls to access birth control without parental consent. Some parents of teenage girls believe they shouldn’t be allowed to access birth control without parental consent because it takes the authorityRead MoreBirth Control : Who Controls?1159 Words   |  5 PagesBirth Control: Who Controls? â€Å"Should teenagers be allowed to get birth control without the permission of their parents?† Outline: -Thesis Statement- Teenagers should not be required to have permission from their parents to receive birth control. Religious Beliefs: -Sex before marriage -Encouraging the child to have sex -Against God’s will (IT’S A SIN) Communications with teens/parents -Wanting to know from a parent’s perspective -Asking the teen â€Å"why† -Social problems leading to crisis explosionRead MoreBirth Control: With or Without Parental Control Essay958 Words   |  4 Pagescontraceptives (â€Å"the pill†) to teenage girls without their parent’s consent. Nemours, a children’s health organization, created pamphlet for doctors’ offices geared towards parents and teens who have questions about common issues in the realm of sexual health. They define â€Å"the pill† as an oral contraceptive, â€Å"a daily pill that usually contains the hormones estrogen and progesterone, and is taken to prevent pregnancy.† Other points discussed in the pamphlet include the safety of teen girls taking â€Å"the pill†Read MoreTeens Getting Birth Control Without Parental Consent Essays1057 Words   |  5 Pages101 Mrs. Johnson 20 November 2012 Teens Getting Birth Control Without Parental Consent Currently Teenagers are trying to grow up too quickly. They want to be just like the TV characters they idolize and will change themselves to do so. There are shows on TV like â€Å"16 and pregnant† that basically insinuate; if you have sex and get pregnant then you will get paid to be on television. Most teens do not go to their parents for birth control because they are afraid. In general teenagers do notRead MoreThe Effects Of Birth Control On Children1921 Words   |  8 PagesShould teenage girls between the ages of thirteen and eighteen be allowed to receive birth control and contraceptives without the consent of their parents? This is a question commonly asked and also extremely controversial. Birth control is a sensitive subject to many people because many are against the issue and some are for minors having the right to consent to their own reproductive health care. There are a lot of different views on this subject and many different beliefs as to whether birth con trolRead MoreParental Consent Or Notification For Minors2346 Words   |  10 Pagesallow you to buy this without consent from your parents†. That conversation was a glimpse into the future, unless educated personnel puts a stop to it. Worldwide, minors are being threatened of having their privacy rights stripped away from them just like that. An issue has occurred where bits and pieces of the population have started to question a minor s legal capability to buy contraceptives without parental consent or notification. To create a barrier by requiring consent or notification for minorsRead MoreEffects Of Birth Control On Children1677 Words   |  7 Pagesasked my dad if he was okay with me going on birth control. Naturally he thought the worst, but that had nothing to do with why I wanted it. The reason that most female teens think about birth control is because of premenstrual syndrome -- a condition which causes migraines, cramps, and mood swings. Many people, like my father , disapprove of teens using birth control for moral and/ or religious reasons. Parents do not want their children to have birth control because they often feel that it is inappropriateRead MoreContraception And Safe Sex Education Essay1152 Words   |  5 Pagespregnancies. The curriculum of abstinence only programs stresses that teenagers should not engage in intercourse since that is the only way to guarantee one will not get pregnant. Information about contraceptives and safe sex to prevent pregnancies and the spread of STDs is not mentioned, and in fact is against those 21 states’ laws regarding use of funds to discuss in the class. The only information about contraceptives that is allowed while using those funds is emphasizing the failure rates (Advocates forRead MoreSchools, Latex, And Safe Sex : The Logic Behind Contraceptive1630 Words   |  7 Pagesprovide access to contraceptives, such as condoms, are extremely effective at preventing both teen pregnancies and STDs without increasing teen sexual activity. However, â€Å"condom availability programs remain relatively rare† (qtd. in Eisenberg 417). While I am aware that these comprehensive sex education and condom provision programs are unpopular amongst many people, I truly do believe that these programs have the potential to drastically drop teenage pregnancies and spread of STDs. Teenage pregnancyRead MoreShould Abortion Be Legal?3423 Words   |  14 Pagesare small. A journey of a thousand miles must begin with a single step.† Simply speaking up and making a statement can open the minds of others. while consent laws are not a sub topic often discussed in debates regarding abortion, more people should become aware of it and their own feelings towards it. I believe there should be no abortion consent laws to provide equality to women of all ages, including minors. Nowadays, it is fairly simple for someone wanting an abortion to receive the proper medical

Symbolism Of The Red Death By Edgar Allan Poe - 1500 Words

In â€Å"Mask of the Red Death†, Edgar Allan Poe uses setting and symbolism to deliver the theme that no one escapes death. The story follows the naà ¯ve and pompous Prince Prospero, and his feeble attempt to escape dying from the Black Plague. As the plague spread through his kingdom, the prince called one thousand of his closest friends to reside within the safety of the castle in order to seclude themselves from the horror and death going on outside. During the last months of their seclusion, the prince decided to hold a masquerade ball in order to amuse his many guests living within the confines of the rather odd castle. The dance takes place in a variety of unusual apartments within the castle, spaced apart so the guests would only see one room at a time. The apartments flowed east to west, each decorated in a different color and theme while following a pattern of blue, purple, green, orange, white, violet and finally ending in black. During the ball, guests enjoyed a dr eamlike atmosphere as they danced through the many colored apartments, each of them avoiding the final black room. This final dark patterned room contained a large ebony clock which chimed eerily every hour, causing the party goers to pause their merriment for a few moments of uneasy silence. As midnight drew near, a new guest arrived, sporting a costume more ghastly and morose than any other. The mask he wore resembled that of a plague victim, and his clothes resembled a funeral shroud. Prospero became angryShow MoreRelatedPowerless to Evade the Grip of Death in Poes The Mask of the Red Death621 Words   |  3 PagesIs it possible to evade death during a massive plague that is killing millions? Edgar Allan Poe uses setting, theme and plot in the â€Å"Mask of the Red Death† to illustrate that no one can escape death. Death is everywhere either someone dies or experiences a loss in there lifetime. The mask of the red death is an allegory, which means that is a short story wi th two meanings. The short story uses literal elements such as plot and the colors of the room. It also has a large philosophical meaning likeRead MoreEdgar Allen Poe and His Work Essay1480 Words   |  6 PagesEdgar Allen Poe and His Work Outline I. Introductory Paragraph I.1. Thesis statement I.2. High points II. First Paragraph II.1. Brief history of life III. Second Paragraph III.1. Edgars Writing Style III.2. Examples IV. Specific poems and short stories IV.1. Examples V. Conclusion Paragraph V.1. Restating thesis statement V.2. Restating high points of the paper Edgar Allen Poe was one of the great writers of this world. He created several poems and short stories of aRead MoreEssay Poes Perspective Against the Upper Class1652 Words   |  7 PagesLiterary genius Edgar Allan Poe lived a troubled life. During his forty years of existence, Poe struggled with the deaths of countless family members, including his cousin-wife. These bruising events caused him to develop the mental illness depression. In his short story â€Å"Masque of the Red Death,† the views Poe developed during his tumultuous life are reflected in his writing. The theme of this short story emphasizes the inevitability of death in descriptive details because Edgar Allan Poe has encounteredRead MoreEdgar Allan Poe s The Red Death And Cask Of Amontillado1595 Words   |  7 Pages American author and poet, Edgar Allan Poe, was born January 19th, 1809, and died at the age of 40 on October 7th, 1849. Poe had a horrendous childhood. As a child, he was abandoned by his father, David Poe Jr., and later, his foster father, John Allan. His mother, Eliza Poe, died of tuberculosis, along with his foster mother, Frances Allan and Virginia Clemm, Poe’s wife. After the death of his wife, Poe attempted suicide out of grief. The traumatic events of his life affected Poe’s writing styleRead MoreSymbolism In The Masque Of The Red Death766 Words   |  4 PagesMasque of the Red Death Poe often gives memory the power to keep the dead alive. Which in the short story Poe distorts the aspect of death. By creating a memory as the trigger that reawakens death Poe reveals the theme of the story; that no matter the persons social class death comes for us all. In Edgar Allan Poe’s short story â€Å"The Masque of the Red Death† he uses literary elements such as allusion, symbolism, and allegory to convey that death is inevitable. In the short story, Poe uses the literaryRead MoreEdgar Allan Poe s The Dark Poems That He Is Famous For?1423 Words   |  6 PagesEdgar Allan Poe Why did Poe write the dark poems that he is famous for? Almost every student has read either one or many of Edgar Allan Poe’s work. Poe is one of the best and most famous writers in American Literature. Professor Gene Doty of Missouri University of Science and Technology explains, â€Å"The meaning which the text has for the reader emerges from the interaction of the reader’s world with the world of the text† (Doty). Anything written is a context that includes the â€Å"writer’s feelings,Read MoreEdgar Allen Poe and His Dark Stories673 Words   |  3 PagesEdgar Allen Poe, an amazing writer and poet, known for his dark themes and use of literary elements. Many individuals read his stories and poetry, but do not know who Edgar Allen Poe is, aside from being a writer and poet. They also do not know why he wrote this way. The amount of time it took for him to be able to publish his first book or how sad he felt when his wife died, people do not know these things. These are the events that helped him become so d etermined and write so sorrowfully. Read MoreEveryone Is Mortal986 Words   |  4 Pagesshort story by Edgar Allen Poe, â€Å"The Masque of the Red Death†. In it is a version of the black plague, which is called the â€Å"Red Death†. Prince Prospero secludes a thousand friends and himself from the death around them, but finds that he cannot avoid the inevitable. The author uses many literary devices to develop the theme of unavoidable death. One of the devices used is imagery, which evokes the events of the story clearly in the reader’s mind. Another is allegory, which is used by Poe to create anotherRead MoreEdgar Allan Poe Biography. By. Alyssa Marshall.1260 Words   |  6 Pages Edgar Allan Poe Biography By Alyssa Marshall Mrs. Guinn English III March 6, 2017 Abstract Edgar Allan Poe was a writer in the â€Å"Gothic Era†, many of his stories genres are horror like â€Å" The Masque of The Red Death†, mystery such as â€Å" The Fall of The House of Usher†, lost love as in â€Å" The Raven†, and obsession such as â€Å" The Pit and The Pendulum†. Edgar’s poemsRead MoreThe Life of Edgar Allan Poe1279 Words   |  6 PagesWithin a Dream: The Life of Edgar Allan Poe As short fiction has become a more accepted genre in literary circles, Edgar Allan Poe’s stories become more popular. He’s story passed on and on, and he now consider to be the father of the short story by many. His stories were strong and powerful, one called them mystery. Not only his story, but also his life. Edgar Allan Poe was a famous detective story, science fiction, horror fiction, symbolism story and aestheticism story

Early Slavery free essay sample

Thomas Phillips attitude toward the black Africans reflect pity. Its not their fault that their climate and area have made their pigment of their skin black. The only reason its such a big deal is because their different characteristics from the white people. He doesnt believe that white peoples skin color is superior, but since society thinks that its favorable to them; thats where their superiority complex comes from over the skin color.The Africans perceived the Europeans as the Satan. They came and uprooted them from heir own country; the only place theyve ever known. They were not asked to leave but forced too and majority of them had no clue why they were being forced to leave and made as slaves. For that, they resented them and loathed them. 2. Phillips religious views affected his decisions aboard the Hannibal by making him less barbaric and more compassionate towards these slaves. He believed that they all were created in god hands and therefore he was more merciful. 3.The Middle Passage is the journey the abducted slaves undertook while going to the new world. This trip was treacherous for these African people because they were forced to live in unsanitary conditions, confined to chains, whipped and tortured. Analysis Thomas Phillips was the captain commander of the ship called the Hannibal. On this journey he picked up his slaves and made this journey known as the middle passage. This document shows how the experience this commander went through and also the thoughts this man had about slave trade voyage he underwent. Thomas Phillips wanted to be the commander of the Hannibal because of the opportunity to make money. It did not matter of what he believed but in order to survive he had to make a living by doing something. He was ordered to purchase 1300 Negro slaves and disperse them between Woo ships, The Hannibal and the East-India Merchant. He spent nine weeks just gathering the slaves and that does not even include the voyage at sea. Thomas Phillips was forced to deal with disease, attempted suicide and even the possibility of uprising on his ship from the captive Africans.These captive slaves were so upset and confused about why they were being taken from their mother land. More than half of them had never witnessed or understood the dialect of the Europeans; they feared they would be tortured and expected the worst to mom of this whole situation. Therefore, Phillips tried to make his ship as less barbaric then how the other commanders saw fit to run their vessels. This trip was long and treacherous, but Phillips tried to keep things as civil as possible.Even though he tried to keep everything under control he still had problems such as contagious diseases spreading killing off many of his slaves and some crew abroad the Hannibal. This voyage was long hinderers but at the end delivered his slaves to the new world and made his earnings even with the number of fatalities that he had from his desired quota. Now even though Phillips agreed and signed up for this voyage; he still had his own beliefs and thoughts that not many people got to witness. From what I perceived from this document he was more compassionate then some of the other commanders on their ships.He was a Christian man and believed that they were all Gods creatures and that it was not their fault the way they looked because thats what God wanted them to be. He would not cut off their limbs because he viewed that as too barbaric. He wanted order on his ship but not in that fashion. I feel like he viewed them as human beings and not just as livestock for labor. This document shows that there Were still some decent people out there not as discriminate as the rest of society. That this little glint of mental independence is what leads society to the slow upbringing of racial tolerance.After reading this document several times, I finally feel like I understand how and why Thomas Phillips accepted to do this voyage. He might have needed the money but still stayed true to his beliefs system which kept his footing on the ground and was not easily corrupted by society ignorant views. Thats what I believe what Thomas Phillips did. 1 . The major themes Of quinoas narrative are oppression and the will to revive. These could be incorporated into a general anti-slavery appeal because these were some of the main things slaves dealt with.In order to make an anti-slavery appeal it needs to be something not particularly good to get to people to notice and look into so they can understand the harsh conditions these people went through and help stop this terrible thing from happening anymore. Equation intended this for all people because everybody needed to know what underwent on these voyages. 2. It is very important that he remembered this because its obviously scared him for life. 3. Of ours it would be rendered useless because he lied about experiencing the Middle Passage. Its like a slap in the face to the people that actually had experienced it.Now not many Of us understand how it was like to be born or abducted to be slaves. I know people have heard and read about how these poor innocent people were forced from their home country and commanded to do hard labor; but I dont think they really actually understood the severity and harsh conditions these human beings underwent. Aloud Equation wrote this document of his journey through the Middle Passage to show people the main, anguish, and determination to survive so that one day people would actually understand the severity of this journey. Aloud Equation was only eleven when he was abducted and sold to English slave traders.Imagine being only a child and being forced around unknown people being poked and prodded like livestock. When seeing someone so diverse from their own people; peculiar complexions, hair, clothes and just the way they performed their daily rituals. Its frightening to just imagine being tossed amongst a whole other culture besides your own. You dont know what to think about how they will treat you and the fact heres a language barrier makes it even more chilling because theres no way to communicate and see their plan of what action of what they intend to do with you.Aloud Equation experienced many new and altered experiences. He had to understand that by them taking him, he would never be able to go back to his beloved native country but he never stopped dreaming. He Was forced under the decks to stay in vile conditions. He then became depressed not wanting to eat or even have the will to survive. Having everything he ever knew and loved taken away was utterly earth shattering to him. He would of ether died then become what the Europeans had intended him to be. But soon he understood that if he did not eat or try to live he would be beaten and flogged to do so.He experienced the Europeans hate not just towards the black people but also towards its own crew and people itself. Apparently nobody went without punishment on this ship regardless of their skin color. If you tried anything to harm you resell or rebel against anything; a beating was waiting just around the Conner. He witnessed people dying and suffering because of these horrendous conditions they were forced to live in. The stench was so nasty it nearly suffocated everybody. Just imagine that this stench was so revolting that you just want to end your life cause you cant take it anymore.In the end some succeeded in killing themselves because if their beliefs and couldnt handle it but it left the other passengers to deal with the repercussions of their actions. Chained in small areas, beaten, confined under a ship in horrendous conditions. This is what these people had to deal with until they reached their destination; which was the islands of Barbados. Many died from disease and suicide from this voyage. This document gives a beautifully detailed visual of what these poor abducted slaves went wrought.Aloud Equation wrote this when he was many years older but it obviously scared him for life. Many people dont remember their own childhood but just as pieces and fragments Of events that happened in their life but for Equation to remember this experience moment for moment in such vivid detail shows that it was dramatic. This document opened my eyes of what these people went through and I feel like I fully understand the severity of the situations they underwent. These people were strong for making it through the voyage and enduring the many years of clansmen in the new world.

Australian Oil Trade for Australian Economy -myassignmenthelp

Question: Discuss about theAustralian Oil Trade for Australian Economy. Answer: Introduction Oil is an important resource to the Australian economy just like in any other world economy. Oil is not produced in many economies; thus trading occurs because all the nations in the world are in continuous demand for oil. The oil producing economies export their surplus to the non-producing ones. Some oil producing nations also may fail to have the potential to produce oil that would meet the demand for the country. This means that there is deficiency of supply in these nations. Thus, an oil producer may also be importing from other producers. Australia is one of the economies that produces and imports oil at the same time (Markus, 2014). The demand for oil determines the quantity of oil that is to be imported over the domestic produced quantity (Matsushita Schoenbaum, 2016). The oil supply and demand determines the price at which oil is sold. According to Aip.com.au (2013), the Australian major source of oil is Singapore. For some years, the Australian economy have benefited much from the low price on oil. There has been an oversupply and a deficient demand that has been contributed by oligopolistic competition among the oil producers. However, the low oil price has impacted the Australian oil industry as will be represented in the analysis. The analysis of demand and supply will help the business investors in their pricing decisions. This paper will also help the government on the negative impacts of over relying on cheap oil importation. Analysis Frydenberg (2016) noted that there is lost control in the oil prices and thus the only option is to boost the productivity on the oil manufacturing companies in Australia. This was in his article Oil industry slump means Australia has to boost productivity where he pointed out of the sustained pressure in the gas and oil industry. The oil prices had reduced by 78.57% as from 2008 to 2016. In 2008, a barrel of oil was sold at $140 whereas in 2016 this price had declined to $30. Given that manufacturing cost in Australia are way high, it became more expensive to produce oil and thus a shift to over dependence on importation (Vivoda, 2014). The low oil price had the greatest impact on the oil producing nations especially those dependent on oil as their primary source of income (Letts, 2015). Such economies include Saudi Arabia, Russia, Nigeria, etc. The price have gone down to extreme level and this has been for a long time now and this has raised doubt of whether the oil prices will co me to recover in the future (Koremans, 2015). This doubt has made it more difficult for the oil producing firms to get capital to facilitate their survival as the banks are not willing to lend to them as there is high risk of default if the price fails to recover (the price may continue falling). Fig: Falling self-sufficiency in Australian oil production Source: Qer.com.au (2013) Self-sufficiency is falling in Australia as the production is being neglected to avoid rising production costs. The projected decline is 83 million barrels as at 2030 compared to 183 million barrels in 2008. The low price has slowed down the shifting of consumers to renewable sources as there is much benefit buying at a lower price. Fig: rising Australian oil Consumption but a declining production Source: Vivoda (2012) The growth of population, burgeoning middle class and rapid urbanization has led to the expansion of oil demand. Initially, the worlds oil consumption level was at 84 million barrels every day; this has expanded to 94 million barrels as at 2016. However, the growth of demand has also been followed by a higher than proportionate expansion of supply to 96 million barrels every day. The gap between oil production and consumption is met from importation. Currently the prices have started rising slowly after a cut in production by shale oil by 400,000 barrels every day. This is as a result of pressure from banks for this company to repay their outstanding loans of over $ 300 billion. This is a strategy of Saudi Arabia to kick the shale oil out of the market. The reduction in production by the major player in the oil market is going to continue falling if the prices do not rise significantly. Recommendation The Australian government should ensure that it support its oil producing companies by giving them subsidies to cover their increased production costs. With a low production cost, the Australian oil producers may be able to raise their production and sell at the low prices. Corporate tax is an important cost of manufacturing and its reduction on the oil producing firms would raise their productivity. The disapproval on the over reliance on importation does not mean that Australian government should not take advantage of the low oil price. It could build large oil storage equipment that could hold many barrels of oil to be used in case the prices went up. Conclusion If the government fails to intervene in the reduction of production costs, Australia will completely shift from oil production to importing. This would mean that future Australian oil supply will be at risk. Since the future is unknown, the major oil producers may feel like its time to limit supply and raise their prices. The rise in price would significantly raise the spending for the importing nations. If Australia neglects its production so as to import more at the lower price, a rise in price would leave it with no other option but to increase its oil expenditure. References Aip.com.au. (2013). Australian liquid fuel supply and demand. Aip.com.au. 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