Sunday, January 26, 2020

Proposed Pipeline Route Analysis

Proposed Pipeline Route Analysis Site information Client Westhill Company Site Broadway, Worcestershire, United Kingdom Current land use and description Currently used for livestock grazing and private residential area. Development Proposed pipeline installation Conceptual site model Topography Uneven surfaces withsteep slope. Geology BirdlipLimestone Formation, Bridport Formation, Whitby Mudstone Formation, Marlstone Rock Formation, Dyrham Formation and Charmouth Mudstone Formation. Hydrology There are springs, seepages and groundwater discharge Hydrogeology BirdlipLimestone Formation- Moderate Aquifer BirdportSand formation. Landsliding and stability Characterised by ancient to recent landslides. Widely unstable area with visible earth movement. Historical land uses Evidence of agricultural land use by the presence of ridge and farrow and various drainage channels. Site model and geomorphology Multiple rotational landslips in the Whitby Mudstone formation. Marlstone rock formation shows mudslide movement and deposits. Cambering in the Birdlip Limestone formation. Recommendations Constraints Restriction of some potential accessible sites. Topography of the site. Proposedpipeline routing Proposed pipeline route is approximately 1.09km. This is subdivided into 3 zones. Limitations No geophysical, laboratory test were conducted. In March 2017, Motives Survey Services was commissioned byWesthill Construction Company to undertakea desk study and field survey report at Broadway, Worcestershire and produce a report to assist in their selection of a suitable pipeline route across the Cotswold escarpment. The pipeline route is to be laid in the east of Broadway, at Farncombe House, to the west of the Cotswold escarpment, at Hill Farm where it will enter a further network. The pipeline will be laid across variable geology susceptible to landslide and slope instability, therefore Westhill Construction Company requires a reliable desk study and the design of an invasive ground investigation revealing constraints that may be encountered on site. 1.1 Objectives The objectives of this investigation are: Undertake a desk study of available information to include analysis and interpretation of aerial photograph of the study area using Anaglyph. To assess potential ground hazards in the site Carry out a site walk over survey (Geomorphological mapping). Provide preliminary geotechnical information on the ground conditions in the site area. Develop a conceptual site model. Propose a potential pipeline route. 1.2 Site Information Table 1.1 Report Brief description Site name Cotswold escarpment Site location Site is situated at Broadway, Worcestershire, United Kingdom (see Figure 1). Site topography Uneven surfaces with steep slopes Grid reference SP099372 Broadway village lies between 80m and 100m OD on the west facing scarp slope at the foot of Cotswold escarpment. The area is extensively used for farming and agriculture (Malcom et al, 2000). The site area is located on the escarpment slope facing east of Broadway village.Previous studies in site area have extensively delineated areas of slope instability, including relict landslides, which may have been initiated under periglacial climatic conditions 1.3 Sources of Information used for this study Sources of information used in preparation of this report are presented in Table 1.2 below. Table 1.2: Information Sources Information sources Description Sources reference Environment Agency Surface Water Map. To identify flood warning areas on site The Environment Agency, Flood Risk Map. Copyright and Database right 2017. Environment Agency Ground Water Vulnerability map. To determine vulnerable aquifers on the site The Environment Agency, Ground Water Vulnerability Map. Copyright and Database right 2017. Edina Digimap Base map for geomorphological mapping Edina Digimap 2017, Copyright and Database right 2017. Edina Digimap Hydrogeology map showing aquifer productivity on the site. Data extracted from Edina Digimap 2017, Copyright and Database right 2017. Edina Digimap Ordinance Survey Map for the site. Showing site location. Edina Digimap 2017, Copyright and Database right 2017. Edina Digimap Geological Survey Map Showing the geology of site. Edina Digimap 2017, Copyright and Data base right 2017. Edina Digimap Historical Map, showing the past history of the site Edina Digimap 2017, Copyright and Data base right 2017. ILWIS Lidar maps for terrain evaluation using aerial photography Environmental Agency map, Copyright and Data base right 2017. 2.1 Geology The bedrock geology of the site area is summarized in Table 2.1. This comprises of a sequence Lower Jurassic marine clays, sands and limestone including the Charmouth Mudstone Formation, Dyrham Formation, Marlstone Formation and Whitby Mudstone Formation (Barron et al., 2002). These rocks are overlain by limestones of the middle Jurassic inferior Oolite Group, which cap the escarpment above Broadway. The strata are gently dipping although cambering and faulting have produced local variations (Malcom et al, 2000). These formations are under the Lias Group. The Lias Group is characterised by mudstones interlayered with limestones and it is very fossiliferous. The main clay bearing formations are theCharmouth Mudstone and Whitby Mudstone Formations (Ambrose 2001). A geology map of this area is presented in AppendixB. Table 2.1: Geology (afterBaron et al, 2002) Formation Previous terms Description Birdlip Limestone Formation (Inferior Oolite Group) Lower Inferior Oolite Oolitic and sandy ferruginous LIMESTONE Birdport Sand Formation Cotswold Sands Fine to medium grained SANDSTONE Whitby Mudstone Formation Upper Lias Clay Comprises of dark grey CLAY with some oolitic LIMESTONE Marlstone Rock Formation Middle Lias Marlstone Rock Comprises of strong brown closely jointed Oolitic and fossiliferous LIMESTONE Dyrham Formation Middle Lias Comprises of moderately weak orange brown SANDSTONE and SILTSTONE with subordinate bands of SILT and CLAY. Charmouth Mudstone Formation Lower Lias Clay Comprises of dark grey CLAY with occasional bands of argillaceous limestone. Grades at depth into weak mudstone. 2.2 Hydrology and Hydrogeology 2.2.1 Hydrology and Flooding The environment agency map has rated the risk of flooding in the site area to be extremely low and there is no form of flooding risk from rivers, streams or springs in this area. This is vividly shown in appendix E. 2.2.2 Hydrogeology The groundwater vulnerability map of environmental agency classified aquifers as: Major Aquifer High Major Aquifer Intermediate Major Aquifer Low Minor Aquifer High Minor Aquifer Intermediate Minor Aquifer Low. The site area is classified by the environment agency to be of Minor Aquifer High and Minor Aquifer Intermediate. The Aquifer productivity zones are classified as: Aquifer Productivity Birdlip Limestone Formation Moderate Bridport Sand Formation Low 2.3 Aerial Photographic Interpretation Anaglyph was used to interpret the aerial photographs and to gather information for this report. The basic features interpreted with the use of the aerial photographs are in accordance with researched literature from past work on Broadway study area. Interpretation from both aerial photographs and field survey was used in completing the engineering geomorphological base map. Ground features interpreted from the aerial photographs are: Landslide form and Cambering Slope changes Ground mass movement Ridge and furrow 2.4 Historical Land Uses Extensive study of the historic Ordnance survey map was conducted to identify any geophysical and geotechnical properties considerations for the proposed pipeline route of site area. Historical map is presented in Appendix C. Maps and other sources of information has shown that Broadway land uses was mainly for Agricultural purposes and Quarries. Written documentation has been the primary source of evidence for understanding the farming during the Anglo -Saxon period. Apparently the richest source of information are the Anglo-Saxon charters which record grants of land and their attached boundary Clauses. The charters and boundary clauses contains evidence of early farming systems (Malcom et al 2000). Ridge and furrow in site shows past Agricultural activities. The quarry in the site area dates back 100-120 years ago as interpreted from the historic maps. 3.1 Field Survey In March, 2017 Geomorphological mapping was conducted on the site area. The mapping started on the 8th of March and ended on the 10th. Mapping was conducted by a group of Engineering Geologist led by Dr Andy Gibson, Dr Malcom Whitworthand Dr Steve Penn. The field equipments used for mapping of the area are: compass clinometer, mapping boards, ranging poles, measuring tapes, pencils, A3 ordnance survey maps, Lidar maps and aerial A3 maps. 3.2 Geomorphological Features Encountered A brief account of the geomorphological features encountered during the three days mapping are presented in the tables below(Table 3.1 to 3.3). Table 3.1 Day 1 Mapping (8th March, 2017) Weather Cloudy Time of Arrival 12:49pm Location Off A44 road next to the road leading to Broadway high street Geology Marlstone Rock Formation and Dyrham Encountered Features during mapping 1. Old mechanical quarry with three layers of marlstone rock formation. Highly weathered limestone with very closely spaced discontinuity, orange in colour and fossiliferous. 2. Evidence of recent flow. Flow occurring with tension cracks. Spring encountered during 3030 geomorphological mapping. Lobate feature was seen on the 3030 mapping area which is 14 to 18m long and 10m wide. Photography of features mapped for both locations is shown in Appendix G. Table 3.2 Day 2 Mapping (9th March, 2017) Weather Sunny and windy Time of Arrival 09:15am Location Off A44 road next toFish Hill Geology Whitby Mudstone Formation Encountered Features during mapping 1. Evidence of recentrotational land slide flow occurring. There was presence of tension crack suggesting age to be less than 10 years of age. 2. Evidenceof relictlandslide (Old rotational landslide). This is suggested to be 50 to 100 years old. 3. Spring pouring out large volume of water was found on the middle area of site.Evidence of Marlstone Rock Formation on site area, seen around tree roots. Photography of features mapped for the locations is shown in Appendix G2. Table 3.3 Day 3 Mapping (9th March, 2017) Weather Cloudy and Cold Time of Arrival 09: 20am Location Colliers knap and Farncombe House Geology Marlstone Rock Formation and Dyrham Encountered Features during mapping 1. Relict landslide (Old rotational landslide) were seen around Colliers Knap with presence of spring. 2. Bench area at Farncombe house which is made of Whitby Mudstone Formation. Tension cracks occurred in the bench area. Photography of features mapped for both locations is shown in Appendix G3. 4.1 Geological Ground Conditions Geologicalformations of the study area generally conforms to past research literature. This is shown on table 4.1. Table 4.1 Typical description of the geology formations and slope formations seen on the site study area. Formation Description Surface Morphology Birdlip Limestone Formation (Inferior Oolite Group) Comprises mainly OoidLIMESTONE, shell fragmental LIMESTONE and Sandy LIMESTONE Cambering and multiple rotational landslide. Steep scarp face (250m OD) Bridport Sand Formation Comprises of fine to medium grained SANDSTONE Landsliding and Cambering features. Whitby Mudstone Formation Comprises of dark grey micaceous mudstone with fossils preserved in pinkish ARAGONITE Gentle angle slope with remains of relict landslide (old rotational landslide). Marlstone Rock Formation Brown to grey variablyferruginous SANDSTONE containing limonitic Ooids Cap rock to mid slope lithological bench. Mechanical quarry present in a part of the formation. Dyrham Formation Comprises grey mudstone, with interbeds of highly micaceous, weakly cemented SILTSTONE or fine grained SANDSTONE Steep scarp faces below the lithological bench (marlstone rock formation). Occasionally extensive rotational landslides (seen at Colliers knap). Charmouth Mudstone Formation Dominated by dark grey CLAY with occasional bands of argillaceous limestone. Occurs down slope. Enveloped by superficial deposits. 4.2 Geomorphology The study area is predominant of rotational landslide, mainly of relict and few occurring recent rotational landslide. Othersections of study area comprises of translational slide and mudflows with tension cracks present on site. Spring and hummocky surfaces present on site. Detailed geomorphological features are shown in the base map. Data was gathered from desk study and field mapping of study area. A number of geomorphology and geological features can be seen in the study area. These are: Rotational landslide- Rotational landslide is predominant in the study area. At colliers knap there is an extensive rotational landslide down a lithologic bench, which is the marlstone rock bench. The geology of the bench area is marlstone rock formation and beneath it (gentle slope) is the dyrham formation. This have a potential to flow when triggered and this pose an area of concern for engineering work. Translational landslide- Translational landslide occurred at the south south part of the study area and also around the bench mark at farncombe estate. These are old relict translational landslide which comprises of active mudflows/slide flow. Tension cracks- Tension cracks are other common features in site area. This feature occurred at the bench mark leading to farncombe house and it is of Whitby mudstone formation. Tension cracks were also seen in other areas of recent landslide in the site. These cracks at the head of landslide suggests strongly that instability is imminent. It is not advisable for a pipeline route to pass through this area. Mudflow/Slide flow- Mudflow features occurred twice within the colliers knap area. The first flow occurred at about 10m north-east of the abandoned old quarry. Here, a 30 x 30 geomorphologic mappingwas conducted, spring was encountered with a northward flow direction. Whilst the second mudflow occurred just before the lithologic bench leading to farncombe house. Mudflow in the site is bound to extend over time. Generally the geomorphological features are vividly shown in the base map. Cambering- This feature occurred at the Broadway tower region which is located at the southern part of site area. There was a separation between two joints leading to downward movement of rock formation in opposite directions thereby forming a gull in the site. This was a restricted area. The plan and cost for intrusive investigation was completed with the use of the bill of quantities (UK specification for ground investigation). Bill of Quantities: Percussion boring ITEM DESCRIPTION UNIT QUANTITY RATE (Â £) AMOUNT (Â £) B Percussion boring B1 Transport/mobilisation of cable percussion rig and personnel to site and removal on completion of works nr Not required 300.00 300.00 B2 Set up, dismantle and move rig between boreholes each move 4 70.00 280.00 B3 Excavate starter pit each move 4 50.00 200.00 B4 Extra over for breaking out concrete etc. re-excavate starter pit each move 2 90.00 180.00 B5 Boring/advance by light cable percussion rig between ground level and 10m Per (m) 10m by 4 boreholes 20.00 800.00 B6 As item B5 but between 10m to 15m Per (m) 5m by 4 boreholes 25.00 500.00 B7 As item B6 but between 15m to 20m Per (m) 5m by 4 boreholes 32.00 640.00 D Trial pits and trenches D1 Transport machine, driver and qualified geologist to supervise, log pits, take reports and bulk sampling Per day 3 days 1350.00 4050.00 F Cone Penetration Testing F1 Mobilisation of rig per day on-site and reporting Per day 3 days 2000.00 6000.00 E Probing E1 Probing Per day 3 days 800.00 2400.00 Sub-total 15350.00 Bill of Quantities: Sampling ITEM DESCRIPTION UNIT QUANTITY RATE (Â £) AMOUNT (Â £) J Sampling J1 Take small disturbed samples (1kg) with split-barrel tubes from ground level to depth of 10m (at every 2m) Per sample 5 per borehole (20) 2.00 40.00 J2 Take 100mm undisturbed samples from ground level to 15m (every 3m) Per sample 5 per borehole (20) 18.00 360.00 J3 Take 45kg bulk disturbed samples not exceeding 10m depth below ground level Per sample 5 per borehole (20) 5.00 100.00 J4 Take representative water samples Per sample 5 per borehole (20) 5.00 100.00 Sub-total 600.00 Bill of Quantities: In-situ testing ITEM DESCRIPTION UNIT QUANTITY RATE (Â £) AMOUNT (Â £) H Standard Penetration Test (SPT) H1 SPT from Ground level to 15m Per borehole 4 boreholes 12.50 48.00 H2 Permeability Test H 2.1 Permeability-Falling head (Head modified) for up to 4 days 4 boreholes 58.00 232.00 H3 Point Load Test H 3.1 Point Load 4 boreholes 65.00 260.00 H4 Shear box Test H 4.1 Shear box 4 boreholes 330.00 1320.00 Sub-total 1860.00 Bill of Quantities: Instrument ITEM DESCRIPTION UNIT QUANTITY RATE (Â £) AMOUNT (Â £) I Standpipe I1 Install standpipe 50mm diameter Per metre 10m per borehole (40) 15.00 600.00 I2 Protective cover re above and re-instatement Per each standpipe 4 100.00 400.00 Sub-total 1000.00 Bill of Quantities: Laboratory testing ITEM DESCRIPTION UNIT QUANTITY RATE (Â £) AMOUNT (Â £) K Classification Tests K1 Determination of Moisture Content Nr 4 4.00 16 K2 Determination of Liquid Plastic Limits and Plasticity Index Nr 4 27.50 110 K3 Bulk/Dry Density Nr 4 15.00 60 K4 Particle Size Distribution Sand and Gravel Nr 4 26.50 106 K5 Particle Size Distribution -Fine Grained Soils Nr 4 30.00 120 K6 Soil Chemical Test K 6.1 Organic content Nr 4 20.00 80 K 6.2 Soluble Sulphate content (Soil- 2:1) Nr 4 16.00 64 K 6.3 Soluble Sulphate content (Water) Nr 4 16.00 64 K 6.4 pH value (Soil)

Saturday, January 18, 2020

Donald J. Trump Essay

Donald John Trump is a real-estate developer who shot to international fame after his hit television series â€Å"The Apprentice†. The best-known facet of his life also happens to be the most motivating one – How he bounced back from bankruptcy to being a billionaire again, through a very innovative idea. Donald Trump was born on 14th June 1946 in New York (Allen 2007). The son of billionaire real-estate businessman Fred Trump, Donald Trump or â€Å"The Donald† as he is popularly known, was born with the proverbial silver-spoon in his mouth. After finishing his schooling from the military academy he entered the Fordham University. He went on to study Economics at the Wharton School of Finance, at the University of Pennsylvania. After finishing the college education in 1968, Donald Trump started his career at the Trump Organizations, owned by this father and started assisting him in his business (A&E Television Networks). He worked with his father for five years. During this time he made several successful business deals but was disillusioned by the low-profit margins. He shifted his base to the more affluent Manhattan in 1971, to make higher profits and also gain public recognition. He hobnobbed with many rich and influential people and built a niche market around them, by making properties having unique architectural designs. He focused on exclusivity instead of cost-saving schemes, which was the mantra for the builders at that time. His name is associated with the most influential and posh addresses like the Fifth Avenue skyscraper, Trump Tower; the luxury residential buildings, Trump Parc, Trump Palace; Trump Plaza, 610 Park Avenue, The Trump World Tower and Trump Park Avenue. He was also the owner of many hotels like Plaza Hotel, the St. Moritz Hotel, Trump International Hotel and Tower etc. (http://www. nbc. com/nbc/The_Apprentice/bios/Donald_J. _Trump. html) However, the recession times in the 1990s saw a sharp fall in the real estate market. His net worth fell from $1. 7 billion to $500 million. When he was unable to pay a $2 billion bank loan, creditors seized his assets. This left him with about $900 million in personal debt and approximately $3. 5 billion in business debt (Allen 2007). This made him declare bankruptcy. He could bail himself out only when his father died in 1999; and real-estate business was sold. He bounced back both financially and publicity-wise via the reality telly-show â€Å"The Apprentice†. Currently his financial worth is estimated as close to 2. 5 billion dollars, and his catch phrase â€Å"You are fired† is embedded firmly in the minds of the public (http://www. atouchofbusiness. com/business-topics/success-stories/business-leader-trump-0006. html) The huge popularity of the TV show and the financial success it brought enabled Trump to venture into other fields like clothing – Trump Men’s Collection, magazine – Trump Magazine, liquor – Trump Vodka, tours – online portal named GOTrump. com, and even education when he opened Trump University in 2005 which offers a degree in business . Personality Traits Donald trump sets himself apart from other people in his leagues purely due to the sheer force of his personality. While his flamboyant nature and his many associations with women have gained him a lot of notoriety, no one can deny that he possesses ‘something’ which sets him apart from other rich people. This has made him make a brand name which sells many businesses including the very successful television series and the many books he has written on his life experiences and means to gain success. One of the most obvious traits he has is intelligence. This does not merely mean possessive a superior technical or business mind, it also points to the amount of calculated risks he has taken over the years and succeeded. While seeming to always go against the flow, his decisions in retrospect always seem to be the most logical way to succeed. As Columbus once said when to his detractors â€Å"Any one would have found newer lands, I thought of it first! † Another obvious trait he possesses is confidence, which shines through all the situations he has faced. For instance, his shifting to Manhattan would have been pointless is he could not get into the inner circles of the rich and famous people in New York. Though he was almost broke when he went to Manhattan, it took him no time to charm the committee people in many exclusive clubs to give him contracts (Biography Channel 2007) Still another trait that has helped him to get past difficult situations is his immense determination to succeed. The adverse situations have merely spurred him to think of unique, away from the stream, way to bounce back. In addition to his many businesses, he also a philanthropist who believes in uplifting the society where one lives. He is associated with many charities and donates generously to social causes. He also has a very charming personality which is probably the main reason for the huge success of his television show. Skills and Strengths Donald Trump in addition to having distinctive personality traits also possesses certain skills that have helped him succeeding in his various ventures. Even in the very early days of his career Trump was known for his consummate skill in making business deals. In fact his father often said that, â€Å"some of my best deals were made by my son, Donald†¦ everything he seems to touch turns to gold. † (NetGlimse 2007) He made his first successful deal at the age of 25, when he bought property off a transportation firm which was having financial troubles and sold it to the government. His negotiating skills often allowed his firm to secure loans with little collateral (Allen 2007) He is also an opportunist and is known for spotting successful business opportunities. As an example, while the real-estate business of his father was doing fairly well Donald chose to move his focus from their traditional business of middle-class rental housing to commercial real estate development (Allen 2007). In addition, he also decided to shift the business from Brooklyn to New York which the rich and famous lived. He is known to be a very successful self-promoter, which has led him to become a very successful brand name. From the buildings he has built which bear the Trump name to constantly telling potential ‘apprentices’ that the way to succeed is to be like him, he is carved out a public image in the minds of the people as a cocky, arrogant but immensely successful personality. He has cashed on this celebrity status to sell many books which also bear his name like â€Å"Trump: The Art of the Deal†, â€Å"Trump: The Art of Survival†, â€Å"Trump: Surviving at the top†, many of which have been best sellers. (http://www. nbc. com/nbc/The_Apprentice/bios/Donald_J. _Trump. html ) Leadership in situations As Donald Trump’s television show preaches – leadership is the name of the game. The word leadership means different things in different situations. Trump’s unique leadership qualities make him a cut different than others. For instance the very essence of leadership is having the conviction and guts to take on risks and few have taken risks which Trump has taken. As mentioned earlier in the report Trump was almost broke when he decided to venture into the real estate business for the rich and famous. It was a bold decision to take on especially considering the fact that the immensely rich people do not really allow any outsider to enter their circles, let alone a person who is not of their social standing. That his business was worth billion in a few years span shows how right he was in taking the risk (Chandy 2007) Another important leadership quality is the ability to capture the attention of people positively. Needless to say the huge popularity of his show, demonstrates that he does have this quality which makes people sit-up and take notice. Successful leaders also take responsibility of their actions and have absolute control over decisions. Again as mentioned earlier in the report each of the ventures of Donald Trump unmistakably have the imprint of his persona, not to mention his name. He does not believe in passing around the blame to others when decisions do not gain expected results. Leadership Outcomes The phenomenal success of the â€Å"The Apprentice† is due to the person who has conceptualized the show i. e. Donald Trump. The way the show is run clearly points his personality. The contestants are judged on a weekly basis and there are no appeals to the finals decision. In his words – â€Å"I mean, there’s no arguing. There is no anything. There is no beating around the bush. â€Å"You’re fired† is a very strong term. † Even the contestants are usually asked to stand up for themselves, which in itself means being leaders (NetGlimse 2007) Leadership also means facing challenges head on. This is evident in Trump’s decision to sell of his family business to bounce back from bankruptcy. There are times when an unsavory decision might be the best decision to overcome a situation. Trump would have to fend off creditors indefinitely if he had not decided to sell off the business. Another leadership trait which Trump possesses is the conviction in his decisions. He has succeeded in making many complex business deals due to this trait. For instance, when Trump moved to Manhattan, he decided to try his hand into building luxury hotels. With this view, in 1974 Trump focused his attention The Commodore. This hotel was unprofitable, but was very centrally located. He managed to convince Hyatt Hotel Corporation to enter into a business deal concentrating on the fact that Hyatt did not have any manor downtown hotels. He also managed to successfully arrange financing for this venture and proceeded to completely renovate the hotel. The hotel was renamed The Grand Hyatt in 1980, and became very popular, making Trump the city’s best known and most controversial developer (A&E Television Networks). Conclusion Donald Trump is many times seen as a self-promoter whose proclamations are not credible. In fact people even question his present worth of 2. 7 billion dollars (Allen 2007). However, no one can question the success he has gained through his unique qualities as a pioneer in many types of business. His business decisions have been maverick and controversial but have been hugely successful. He believes in leading by example, which is the chief draw factor of his reality television show. Although his self-promotion comments can be termed as immodest, people modeling themselves after him would immensely profit from his no-nonsense attitude and self confidence. These are the two major qualities leaders need when they are dealing with others if they do not wish to be pushed around by other people. There are many books what preach about the qualities of the leader in a very idealistic way; however people can rarely succeed following only idealistic principles of anything. Another thing which can be learnt from Trump is his â€Å"Never say die† spirit. Every time he come up with an adversity, he just sees it as a means to demonstrate his skills to find a unique solution to the problem. In conclusion, the personality traits of Donald Trump which are mentioned here are the true reasons for his success. While these traits may not make everyone a billionaire, they will surely make people a much confident and self-assured person. References Allen S, â€Å"Donald Trump – Billionaire Real Estate Tycoon and Host of The Apprentice†, 2007, New York Times Company http://entrepreneurs. about. com/od/famousentrepreneurs/p/donaldtrump. htm A&E Television Networks, â€Å"Donald (John) Trump Biography (1946-)† 2007, http://www. biography. com/search/article. do? id=9511238&page=1 Biography Channel â€Å"Donald Trump†, 2007, http://www. thebiographychannel. co. uk/biography_story/1123:1290/1/Donald_Trump. htm Chandy A, â€Å"Donald Trump Biography†, 2007, http://www. buzzle. com/editorials/4-28-2005-69193. asp â€Å"Donald J. Trump as Executive Producer/Host†, 2007, http://www. nbc. com/nbc/The_Apprentice/bios/Donald_J. _Trump. html A Touch of Business, â€Å"Donald J. Trump – The Business Leader Who Thrives on the ‘Art of the Deal’†, 2007 http://www. atouchofbusiness. com/business-topics/success-stories/business-leader-trump-0006. html NetGlimse, â€Å"Donald Trump-Biography†, 2004, http://www. netglimse. com/celebs/pages/donald_trump/index. shtml

Friday, January 10, 2020

Drug Legalization in the United States Essay

Abstract This paper will explore four websites and one online newspaper addressing the subject of drug trafficking in the United States and why legalization is a profitable alternative. The various ways drugs are bought into the country, information on how and why drug trafficking has increased in the United States, statistics on the number of people that are addicts, and the problems related to foreign countries on this issue. The reasons why illicit drugs should be legalized and what the income from the taxation from them could do to better our health care reform and our economy. Keywords: drug trafficking, economy, legalization Drug Legalization in the United States Illegal drugs are exports and deported out if our country everyday by different groups such as high profile criminal gangs or groups such as the cartel. Law enforcement has yet found a suitable way in controlling the war on drugs and have in past years, up until now, have made and passed bills and policies within the government that has made it worse. The legalization of illicit drugs, such as marijuana, would dramatically save, if not make our country more money.The Department of Justice reports the trafficking of drugs has increased in the United States (2012). Criminal groups from other countries, such as Mexican, Cuban, and Asian, including the groups in our country, grow, manufacturer, and distribute marijuana and other illicit drugs. Meth being in such high demand, leads to the growing number of addicts. Domestic cannabis growers and producers provide marijuana as easy completion for such drugs such as cocaine, LSD, and heroine. Since the price of the final product increases to abnormally high values, because of the black market status, this together with the powerful effects of drug addiction causes users to commit crimes in order to fund their addiction. The ways that illicit drugs are brought in to the country are by passenger ships at United States ports and shipping containers, criminal groups operating from South America smuggling cocaine and heroin in the United States. Self-propelled semisubmersible vessels are maritime vessels used by traffickers to transport illicit drugs. These vessels typically protrude only a few inches above the surface of the water, making them very difficult to detect visually. SPSS’s typically have a four-man crew and are capable of carrying multiton quantities of cocaine. The primary threat from drug smuggling via private vessels is from Caribbean-based traffickers exploiting the Puerto Rico and Florida coastlines. Traffickers transported mostly cocaine from the Dominican Republic to Puerto Rico, although they smuggled lesser amounts of heroin, sometimes combined with cocaine loads. Caribbean traffickers also smuggled cocaine, heroin, and marijuana from the Bahamas to areas of South Florida bet ween Miami and Palm Beach. Seizure totals and routes remained relatively constant compared with those of previous years. These routes have been opened and used frequently since the 1970’s. Traffickers used private maritime vessels to smuggle drugs into the United States during 2009 through Puerto Rico, South Florida, South Texas, and southern California, and Mexican DTOs sometimes smuggle drugs by maritime means to avoid law enforcement scrutiny along the Southwest Border. According to Drug Addiction Facts and Statistics, the statistics on the number of addicts that we have in the United States are also growing rapidly. These numbers are solely based on the harsher illicit drugs such as heroin and cocaine. â€Å"2010 estimated 22.6 million Americans over the age of 12 that were currently or formally illicit drug users are equivalent to about 8.9% of the population† Over 6 million children in the United States live with at least one parent with a drug problem. Since the 1980’s the numbers of people that used illicit drugs that ended death either by overdose or some other type of reaction has risen to over 540%. A 1996 U.S. government study claims that heavy marijuana use may impair learning ability. The key words are heavy use and may. This claim is based on studying people who use marijuana daily–a sample that represents less than 1 percent of all marijuana users. This study concluded: 1) Learning impairments cited were subtle, minimal, and may be temporary. In other words, there is little evidence that such learning impairments even exist. 2) Long-term memory was not affected by heavy marijuana use. 3) Casual marijuana users showed no signs of impaired learning. 4) Heavy alcohol use was cited as being more detrimental to the thought and learning process than heavy marijuana use. (2012). Drug raids in the United States happen on the average of hundreds of times a day. The policies are a lot more dangerous and dramatic then public use of drugs. These policies harm not just families of the users and dealers, but the neighbors and general public that surround them. It has been known that law enforcement has gotten wrong addresses, and bad leads to help them follow through enforcement. Drug task force units have their equipment such as big guns and bullet proof amour, for their defense, but to a child of the suspect, it can seem very intimidating and scary. This also has been known as traumatizing to the youth and families involved. It has also been classified as terrorizing. This is not what these policies were set out to do. Prohibition on illicit drugs brings more gang violence, murder, and violence from dealers, users, children, families, and law enforcement made to enforce policies. There are approximately 17.4 million users of marijuana between 2007 through to 2010 . The numbers increased to 6.9% up from 5.8% or 14.4 million to 17.4 million users. â€Å"To allow policy experimentation, the federal government should permit states to legalize the production, sales, taxation, and consumption of marijuana. While testing this policy shift, authorities should redirect scarce law enforcement resources to focus on the more damaging and socially unacceptable drugs such as heroin, cocaine and meth. From which Mexican drug trafficking organizations derive more than 70% of their proceeds (Moffat, 2012). Replacing marijuana prohibition with a system of taxation and regulation similar to that used for alcoholic beverages would produce combined savings and tax revenues of between $10 billion and $14 billion per year. The revenue from marijuana sales after legalizing for the government could be lucrative. If the tax of marijuana cigarettes was substituted for equal to the difference between the local production cost and the street price currently paid, transfer the revenue from the crime groups to the government, we would have revenue of abo ut $7 per unit. This adds up to over $2 billion on the Canadian sales and even more on an export tax then we can forgo the cost of enforcement and deploy our policy assets elsewhere. By providing legal supplies of currently illegal drugs the price will fall, leading to a collapse in the illegal drug industry, and a reduction in crimes committed by both drug suppliers and users. Some could also argue that the reduction in the price will lead to little, if any, growth in drug addiction, due to the inelasticity of demand. In a strictly regulated market, drug use may fall overall, by removing the marketing activities of the illegal drug industry. There are a growing number of law enforcement professionals speaking out for legalization. LEAP (Law Enforcement against Prohibition) is an international organization founded in 2002 made up of current and former members of the law enforcement and criminal justice communities who are speaking out about the failures of our existing drug policies. According to Betty Taylor, former Chief of Police of Winfield, MO and a speaker for LEAP (Law Enforcement against Prohibition) â€Å"If you can’t control the problem then regulate it. Regardless of law enforcement expenditures, the negative effects of prohibition include violence and other criminal activity† (Bozarth, 2012). The prohibition of marijuana is taking away from our economy in many different ways, such as financially. It is also taking our law enforcement officials away from being able to enforce the more dangerous crimes such as murder and enforce the policies of the more dangerous drugs such as cocaine and heroin. Taxes from the product can bring in more revenue and create another cash crop for farmers to contribute to the economy and also help with drug care reform in making a prescription drug that is affordable and easily acquired. These things are beneficiary to our country as long as it is monitored and maintained by its own policies put in place by ou r government. References DEA Briefs & Background, Drugs and Drug Abuse, Drug Descriptions, Drug Trafficking in the United States. (n.d.). Welcome to the United States Department of Justice. Retrieved March 5, 2012, from http://www.justice.gov/dea/concern/drug_trafficking.html Drug Addiction Facts and Statistics. (n.d.). http://www.michaelshouse.com. Retrieved March 5, 2012, from http://www.michaelshouse.com/drug-addiction/drug-addiction-statistics/ Law Enforcement Against Prohibition. (n.d.). Retrieved March 5, 2012, from www.CopsSayLegalizeDrugs.com Moffatt, M. (n.d.). Should Governments Legalize and Tax Marijuana?. About.com. Retrieved March 5, 2012, from http://economics.about.com/od/incometaxestaxcuts/a/marijuana.htm Bozarth, M. (2012, 02 23). LEAP Helps Launch Marijuana Initiative. http://stjtelegraph.org/. Retrieved March 5, 2012, from stjtelegraph.org/wp-content/uploads/2012/02/stjtelegraph-23-08_all.pdf

Thursday, January 2, 2020

Derivatives Question and Answers - 7021 Words

Payoff Diagrams (16p) Draw the gross payoff (not net-payoff/profit) diagram as a function of MLM stock for the following portfolios consisting of: (Strike values are given in parentheses) (a) one long position in the stock and two short positions in the same put option (K). (b) two long positions in the stock, two short call options (2K), and one long position ina put (K). (c) two short positions in the stock, two long call options (2K), and one short put option(3K). (d) one long position in the stock, two short call options (2K), two short call options (3K),and one short put option (2K). For this question, take into account the net profit only for the stock. You can assume that the stock is purchased at a price of K.†¦show more content†¦Black-Scholes-Merton Model (32p) Go to the website of the Montreal Exchange (http://www.m-x.ca/accueil en.php) and find the historical prices of traded options on Suncor Energy (symbol: SU) on February 10, 2016. Consider the March 2016 contract, i.e., the one-month option. The three month LIBOR rate is 0.62% (continuously compounded), a good proxy for the risk-free rate. (a) What are the standardized contract terms of this equity option contract (contract size,expiration day, contract type, American or European, clearing corporation)? (b) What is the range of available strike prices offered by TMX on February 10, 2016?Which option had the highest open interest and which option had the greatest trading volume on that day? Consider call and put options separately. (c) Calculate the percentage bid-ask spreads for the call options with strike prices equalto $22, $29, and $42. Using the percentage bid-ask spread as a measure of illiquidity, which option is the most illiquid among the in-the-money call, the at-the-money c all, and the out-of-money call? How does the liquidity of the options compare to the liquidity of the underlying stock? Hint: The percentage bid-ask spread is defined as BS = 2|PriceBid−PriceAsk|/(PriceBid+PriceAsk). TMX’s website also provides price information and historical volatility for the underlying. (d) Use the call and put option prices with a strike price of $30 to derive the implieddividend yield of the underlying stock?Show MoreRelatedDerivatives Markets 3rd Edition Solutions Pdf Essay613 Words   |  3 PagesDERIVATIVES MARKETS 3RD EDITION SOLUTIONS PDF Derivatives Markets 3rd Edition Solutions Pdf can be extremely handy things, and derivatives markets 3rd edition solutions pdf play an important role in your products. The problem is that once you have gotten your nifty new product, the derivatives markets 3rd edition solutions pdf gets a brief glance, maybe a once over, but it often tends to get discarded or lost with the original packaging. 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