Merger Of Mittal And Arcelor Steel Essay Example | Topics and Well Written Essays - 7250 words

Merger Of Mittal And Arcelor Steel - Essay Example Having reached the number one position in steel manufacturing and assessing the need to consolidate and to take advantage of the economies of scale, in January 2006, Lakshmi Nivas Mittal of Mittal Steel Netherlands took a historical decision to make an attempt to acquire the next biggest steel company Arcelor S.A. Having gone through the basics idea about the world steel industry and the rationale behind the Mittal Steel's decision to acquire the next ranking Arcelor S.A, this paper attempts to bring out an analytical review of the whole scheme of merger with respect to the effect of the merger from the point of view of the investors, the appreciation in their holdings, reasoning behind the merger from the point of view of Mittal Steel as well as Arcelor S.A. The paper also studies the role played by Severstal, the Russian Steel major in the merger deal. With the advent of globalization the large companies have broken their geographical barriers and this has resulted in the cross border mergers and acquisitions of bigger companies. Especially in Europe the purchases by way of takeovers of companies had been at $ 418 billion whereas it was only $ 211 billion for the American companies in the first quarter of the year 2006. This includes the fierce battle of the hostile takeover by Netherlands based Mittal Steel of Luxembourg based Arcelor. This hostile bidThis hostile bid for takeover was put forth by Mittal Steel to Arcelor for taking over the latter at a consideration of US $ 22.4 billion and this bid was made on the 27th January 2006. This takeover once completed would result in an aggregate sale of seventy billion US dollars and ten percent of the world steel production. This also means that the combined production of the new company would be three times more than that of the closest competitor Nippon Steel Corporation of Japan. After the merger the new entity would provide employment for 320,000 people. The operations of the new company would spread over four continents of the world. The company would also expand its market to the United States where there is a high potential for growth. This would also entail the new company commendable bargaining power and economies of scale. From the following table, one can observe the size and magnitude of the takeover bid made by Mittal Steel Source: The Hindu. Business Line Newspaper Dated 1st February 2007 3.0 A BACKGROUND: A brief background of the Buyer (Mittal Steel) and the Target (Arcelor S.A.) is presented below: Mittal Steel N.V: Head Quartered in Rotterdam/London 225,000 employees Steelmaking facilities in 16 countries Customers in 120 countries Shipped 49.2m tons in 2005 Revenues of $28.1bn in 2005 (Breaking News Article 2006) While production of steel of various kinds is the main activity, the Mittal Steel is presently operating in countries like United States, Mexico, Trinidad, Canada, Germany and France. Specialisation of Mittal

Biochemistry lab report Example | Topics and Well Written Essays - 2500 words - 1

Biochemistry - Lab Report Example Paper chromatography is actually liquid-liquid chromatography, the paper should not be considered as solid phase, but the water molecules trapped in the cellulose of the paper form the ‘stationary’ phase. To saturate the cellulose, most paper chromatographic solvents have some amount of water in it. So the components with very high water solubility will move slower ( Parà © and Bà ©langer, 1997). Method: A 60:40 v/v acetonitrile: ammonium ethonate mobile phase is made, pH 7.2, and placed in a covered tall jar. Aqueous solutions of amino acids are spotted on the specified location (origin) on the stationary phase using a capillary and allowed to dry. The stationary phase is then put into the jar with mobile phase and allowed to run for 40 minutes. Mark the solvent front. Make sure the solvent stays well below the top edge. The stationary phase is then dried and sprayed with ninhydrin solution in the fume hood, and heated to allow the color to develop. From the Rf values (Table 1) it seems neither molecular weight nor the polarity had any significant effect on the migration. Glycine being the smallest did not travel the farthest. Looking at both, Rf and the color developed the sample X is Lysine and Y is Proline. Finger prints are seen on both the lateral sides of the paper, probably at the places used to handle the paper. They appear due to reaction between ninhydrin and the terminal amines of the lysine de-bonded from the amino acid. Also the sweat-gland secretions in the ridges of the fingers has proteins too (Sens,Simmons and Spicer, 1985). Conclusion: Paper chromatography can be used to separate amino acid from a mixture of amino acids. The migration of amino acids on the solid phase is a complex interplay between the molecular eight, shape, structure and polarity of the amino acids and their affinity towards the solid and the mobile phase. Use of ninhydrin to identify amino

Dram Job Essay Example | Topics and Well Written Essays - 500 words

Dram Job - Essay Example In this regard, this paper discusses my dream job, critically highlighting the major factors and requirements of getting there. Undoubtedly, the fashion and apparel industry is a dynamic one with new trends setting in throughout the year. In this regard, I have always had an undying love for fashion and new trends primarily because my father used to buy me new clothes every time a new fashion trend set in. Additionally, I come from a strong Islamic background hat necessitate the followers to put on certain distinctive kinds of clothing. Owing to these factors, I have always aspired to work in a textile industry particularly as a high-ranking manager in order to help make clothes accessible to the human race. This is especially so after having watched certain regions in the world through the television, where adults had barely any clothes to cover their bodies. Primarily, my dream career is to set up a clothing company and run it as the CEO in Saudi Arabia. Although I am still in high school, I can clearly visualize myself managing this big textile company than manufactures a wide array of clothing. Perhaps it would be desirable if I elaborate why I prefer setting the company in Saudi Arabia. Since Saudi is my home, I prefer to operate there as the proprietor and because I am well versed with the country’s laws especially laws pertaining to business, I strongly believe that I will not face any major challenges during the startup. Besides, I have many friends back in Saudi Arabia who are very competent as far as marketing of fashion products is concerned and in this respect, their input will give my business a head start. Before I embark into any business or profession for that matter, I have to ensure that I successfully pursue and complete my studies to the university level. As part of my ambitions, I aspire to graduate from Cape Breton University (CBU) with a Bachelor of Commerce degree that will be very

Hearing Loss from Mobile Phone Use

Hearing Loss from Mobile Phone Use Discussion Mobile phones have become a part of modern life style. There has been rapid boom in the number of mobile phones in the recent decade. This rapid worldwide expansion of mobile telephones raises questions regarding possible effects of the emitted radiofrequencies on the health of the consumers. The electromagnetic waves can affect the human health ranging from increase the blood pressure, cause memory loss and induce migraines, hearing impairment to even cancer can also occur. Of all the anatomical structures, the ear is in the closest proximity to the mobile phones, hence most potential organ system to be damaged by the electromagnetic waves emitted from the mobile phones. Pure tone audiometry is a key hearing test for assessment of hearing threshold of the individual. It determines the degree of hearing loss and also type and configuration of hearing loss. Pure tone audiometry uses both air and bone conduction audiometry, the type of loss can be identified by the air-bone gap. In our study, while comparing the results of pure tone audiometry in controls (n=60) and total cases (n=60), it was found that in control group 51 individuals had normal hearing threshold, 08 had mild hearing loss and 01 had moderate hearing loss. Of the total cases, 39 had normal hearing threshold, 19 had mild hearing loss and 2 had moderate hearing loss. No individual in the cases or control group had severe or profound hearing loss. Chi square test with yates correction was applied for statistical analysis of the data, and difference was found to be significant (p value0.05). While comparing the results of distorted product otoacoustic emission (DPOAE) in controls (n=60) and cases Group A (n=30), it was found that in cases group A, 19 individuals passed the test and 11 individuals failed the DPOAE test. Chi square test was applied for statistical analysis of the data, and results were not found to be significant (p value>0.05). On comparing the results of distorted product otoacoustic emission (DPOAE) in controls (n=60) and cases Group B (n=30), it was found that in cases group B, 15 individuals passed the test and 15 individuals failed the DPOAE test. Chi square test was applied for statistical analysis of the data, and results were not found to be significant (p value>0.05). The European project EMFnEAR, was done to assess the harmful effects of short term electromagnetic waves emitted from UTMS mobile device over the outer hair cells. Functioning of outer hair cells was assessed by DPOAE. They concluded that short term exposure to EMFs of mobile phones does not cause measurable immediate effects on the human auditory system. Renzo R et al also conducted a similar study to assess the short term effects of mobile phone use on ear, assessed by transient evoked otoacoustic emissions and brainstem evoked audiometry response. The study parameters were similar to our study but they studied the short term effects of EMFs in contrast to our study where we tried to find the effects of long term exposure. They did not find any change in the auditory functions, before and after the short exposure to electromagnetic radiations. Ozturan et al assessed transient evoked OAE and distorted product OAE in adults exposed to 10 min telephone call using GSM mobile phones. The tests were done before and after the exposure. They concluded that otoacoustic emissions did not change after the electromagnetic waves exposure. Bamiou DE et al also reported that there was no change in the transient evoked otoacoustic emission, due to electromagnetic waves of mobile phones. S Bhagat et al, studied the effects of chronic exposure to EMF emitted from mobile phone on inner ear by using distorted product otoacoustic emissions. Individuals using mobile phones for more than 4 years were studied. It was concluded that long-term and frequent exposure to EMFs from mobile phone does not cause damage to outer hair cells of cochlea. P. Karthikeyan et al did a study on hundred students who were mobile phone users. They were divided into two groups of more than and less than two hours of mobile usage. DPAOE was done and compared to controls. Significant change in DPOAE was seen in cases, more so in group with more than two hours of cell phone usage. Alsanosi AA et al did a study to assess the immediate consequences of 60 minutes exposure to mobile phones on hearing function by determining changes in distortion product otoacoustic emission (DPOAE) and hearing threshold levels (HTLs). They concluded that sixty minutes of close exposure to electromagnetic fields emitted by a mobile phone had an immediate effect on HTL assessed by pure-tone audiogram and inner ear (assessed by DPOAE) in young human subjects. While in our study, on comparing DPOAE, we did not find any significant difference between the total cases and controls. On comparing the each sub group of cases to controls, no statistically significant difference was noted. This is in concurrence with most of the studies done in India and abroad. Though, P. Karthikeyan and Alsanosi have shown different results from those observed in our study. Though a lot of research publications are available in favour of and against the results observed in our study, but in all these studies studied the effects of electromagnetic frequencies of mobile phones on functioning of outer hair cells, but no criteria was taken as standard for comparison as different duration (in years) of exposure, different hours per day of use, and acute effect v/s chronic effects. The major limitation of epidemiological studies addressing the health effects of mobile phone use is related to exposure assessment. Also, other factors were not taken in account like exposure to noise, which is known to cause damage to outer hair cells much before any change in pure tone audiometry is seen (Anjali Desai et al, 1999) (RJ Salvi ea at, 2000). So, with all these factors nothing can be said with much certainty. Further research is needed to establish the effect of EMF on outer hair cells. The present scientific evidences are insufficient to support the belief that there will be no ill effects on human health and the present safety standards are enough to protect users from ill effects, if any. This present situation of scientific uncertainty calls for the requirement of both precautionary measures and further research. Ill effects of mobile phone use on health might be of the field of interest for future research. We conclude from our study that: mobile telephones should be used for short periods only, only for essential purposes, and unnecessary long conversation over mobile phones should be avoided.

Dying for Love in Of Love and Other Demons by Gabriel Garcia Marquez E

Dying for Love in "Of Love and Other Demons" by Gabriel Garcia Marquez Based on part of the XVIII century, when the prevalent times of the Spanish Inquisition dominated the powers of the society and the people was ruled by an orthodox way of thinking, Gabriel Garcia Marquez gives birth to "Of Love and Other Demons". According to The American Heritage Dictionary, Inquisition was a former Roman Catholic tribunal established to suppress heresy. The term Heresy originally meant a belief that one arrived at by oneself (Greek hairesis, "choosing for oneself"), and it is any religious doctrine opposed to the dogma of a particular church, especially a doctrine held by a person professing faith in the teachings of that church. Surrounded by many cities, such as Lima, Portobelo and Veracruz, "Of Love and Other Demons" takes place in Cartagena-Colombia, a small city on an island formed by shallow extension of the harbor, and surrounded by a 12 meters (40 ft) thick wall. This city still is a cultural relic, which nowadays preserves some of the stone-built structure s characteristic of the era. "Of Love and Other Demons" reflects how differences in cultures affect people's thoughts as well as what effects it may cause to the society when ruled by a major power. Garcia Marquez, winner of the Nobel of Literature of 1982, has a certain kind of power over the readers. He involves them in a very visual and fantastic space, where the expressiveness and dominance of the language makes the reader stay on his or her way to the end of the story. In a place such as Cartegena, a typical South American town where the popular siesta, the hammock and the huerto of los naranjos, bring up the life of the natural environment; the author relates the story ... ... personalities were shared, since in the time of inquisition, they were ruled by religious and Catholic thoughts that were nothing else that a mirror of non-free life that all citizen should follow. Both the Marquis and Bernarda die turning crazy on each corner of their lives, but the love that the Marquis tried to give once will remain alive although his daughter is not aware about it. Sierva Maria was not possessed by the demons, since at the end of the novel, Garcia Marquez specifies that she dies of love, pulling the grapes off not one by one but two by two, hardly breathing in her longing to strip the cluster of its last grape. Desperation is following her everywhere she goes within her mind, and love and demons cannot pertain to each other, cultures can. Works Cited: Garcia Marquez, Gabriel. Of Love and Other Demons. New York: Penguin Books, 1995.

Cosmetic Surgery Essay

Cosmetic Surgery is a widely accepted practice among men and women. You can have anything done to yourself as long as you have the money. With the advancement in today’s technology, more men and women are flocking to have expensive cosmetic procedures done. The percentage of men and women getting some type of surgery done to themselves are drastically different. Women have the highest number on the chart for having cosmetic surgery and men don’t even come close to their numbers. Men and women share the same types of surgery like: breast augmentation, liposuction, Botox and even laser hair removal. Teenagers are slowly starting to climb the charts more every year. The average age for teenagers are between 16-18 years old. Teenage girls and boys go for procedures like; microdermabrasion, chemical peels and nose jobs. Some people believe that it is immoral to have surgery to change your appearance while other people believe that it is all right to have a tattoo. What is the difference between having surgery to change a defect in your appearance and having a tattoo? There is no difference, one can be removed and the other cannot. Every year, the average American spends millions of dollars on the many different types of cosmetic procedures available. Many women would like to have surgery done to enhance the look of their bodies. Most women go through the agonizing pain of surgery for a needed boost in their self confidence. What do you see when you look in the mirror? For most women, they see imperfection and room for improvement. Often time’s people try to change themselves in order to make others happy. Cosmetic Surgery is so popular with the average American, it makes you wonder what our society will look like in 10 years. The most common surgical procedures done for women are; Breast augmentation, and Liposuction. In the year 2007, more than 399,440 women had a breast augmentation and 398,848 women had liposuction ( Mann 2007). Another type of cosmetic procedure people have done are non-surgical procedures. Non-surgical simply means aesthetics are not necessary to be used in order to have the surgery done. Hyaluronic acid treatments, and Botox were the most popular non-surgical procedures for  women. Hyaluronic is just a fancy word for skin treatments or acne treatments. Botox procedures essentially paralyze the muscles in the face to eliminate wrinkles and lines in patients by preventing the muscles from contracting (Sommerfeld 2007). The number of non-surgical procedures women have done are dramatically higher than surgical procedures simply because they are more affordable. Over 2,775,176 women have had Botox injections and over 1,448,716 have had some type of skin treatment done (Mann 2007). Not only are women wanting to change their appearance, men have also jumped on the band wagon. Men are increasingly changing the things they do not like to see. Men and women between the ages of 35 and 50 had the most cosmetic procedures in 2007, a lot of them being men because it is around the time they are going through their mid life crisis. In the earlier years, men were not as concerned about the way they looked, the way they smelled or the fact that they were going bald. With the influx of women coworkers in the job force men have become more self conscious about their looks. The better you look the more attention you receive. The two main surgical procedures men have done every year are liposuction and rhinoplasty. In the year 2008, more than 31,453 men had liposuction done on themselves to appear thinner to the opposite sex, and over 30,174 men changed their facial appearances by getting rhinoplasty done ( ASAPS 2007). The top Non-surgical procedures men have done are: Botox and Laser hair removal. Ironically, while some men are having hair removed from one part of their bodies, they are having hair transplanted to another part of their bodies. Hair transplants are another surgical procedure that is used widely among men and women. Men who are balding and have receding hair lines are having hair put back in order to look and feel younger. Over 225,099 men have received Botox injections and 309,692 men have had laser hair removal on some part of their body ( ASAPS 2007). Cosmetic Surgery is not only for adults, teenagers are jumping at every opportunity that comes along. Due to the parents having so much cosmetic surgery done, they are influencing their teenagers saying it is all right to have cosmetic surgery if you do not like the way you look. The most popular procedures for teenagers were: Laser hair removal, Microdermabrasion,  chemical peel, ear reshaping, and Rhinoplasty. Of those cosmetic procedures, 2 out of the 5 were actual surgical procedures ( Mann 2007). There is a difference between having cosmetic surgery to enhance your appearance and having cosmetic surgery to reconstruct a cleft lip, big ears and a collapsed nose. Having reconstructive surgery can benefit a child immensely simply by bringing up their self-esteem. In today’s society, some children ridicule other children who’s facial features are unattractive or physically impaired. The long-term physical and emotional phenomenon of many popular cosmetic surgeries, including implants and liposuction are unknown ( Zuckerman 2005). Teenagers are unaware of the health risks they face everyday by going tanning, smoking and drinking. Even though teenagers don’t want to accept the fact that tanning is bad for you health, they do not realize that tanning can actually lead to more cosmetic surgery not to mention skin cancer and wrinkles. Cigarettes and drinking make young adults prematurely age in their facial features making them look older than they really are causing another reason for cosmetic surgery. If they are unaware or choose not to pay attention to these risks then they are less likely to pay attention to the risks of cosmetic surgery ( Zuckerman 2005). In 2007, Americans spent more than $13.2 billion on cosmetic procedures alone. Of that $13.2 billion, $8.3 billion was spent on surgical cosmetic procedures, while $4.7 billion was spent on non-surgical procedures (Mann 2007). According to the American Society for Aesthetic Plastic Surgery, the number of cosmetic surgery procedures has jumped 457% since they began gathering these statistics in 1997. Over 11.7 million cosmetic surgical and non-surgical procedures were performed in the United States, of those procedures, 91% were performed on women. (Mann,2007). That is a whopping 10.6 million procedures done a year, an increase of 1 percent since 2006 ( Mann 2007). Before, men would stand by and let the women get all the cosmetic changes done to themselves and now they are slowly being put on the map. In fact, men had 9% of cosmetic procedures done in 2007, with the number of total procedures increasing 17 percent since 2006, to just over 1 million ( Mann 2007). Teens aging from 16 to 18 years old had less than 2% of the cosmetic surgery procedures. Either this information is not enough to be put on it’s own chart, or it is already incorporated with the men and  women. With the expense of having surgery and all the recovery time you have to take, it makes you wonder how far a person is willing to go for happiness. Some people think getting surgery is disgraceful and immoral, while others think it is all right to have a tattoo. What is the difference between having a tattoo and having a nose job? The only difference would be that, a tattoo can be removed while some of the surgical procedures people get cannot. They are for life, you cannot undo what you already did if you do not like the outcome. Every day more men and women are spending thousands of dollars fixing things they do not like about themselves. They are letting their children know that it is all right to have surgery because they are not developing fast enough, or get their nose done because it’s too big. I have nothing against the doctors that perform these surgeries, it is their job. With out these specific doctors, we would not be able to survive in the cruel world we live in today. They are here to help those of us who really need it, and help those who want it. Does having cosmetic surgery truly make you feel better about yourself, does it make you sleep better to know that you can try to look like someone your not? Does having surgery on the outside make people like you better, even though you are the same person on the inside? Either way you look at it, having cosmetic surgery only changes what you look like on the outside, and if this does not make your self-esteem higher, then your problem goes much deeper than surgery. Mann, D. (2007) Statistics on Cosmetic Surgery from ASAPS. Retrieved March 26, 2009, from http://www.yourplasticsurgeryguide.com/trends/charts-graphs.htm American Society For Aesthetic Plastic Surgery. (2009). Liposuction no longer the most popular surgical procedure according to new statistics. Retrieved March 26, 2009, from http://www.earthtimes.org/article/show/liposuction-no-longer-the-most,750221.shtml Sommerfeld, J. (2002). Liposuction Safety Concerns Assuages. Retrieved April 10, 2009, from http://www.nowfoundation.org/issues/health/whp/whp_fact1.html Zuckerman, D. (2005). Teenagers and Cosmetic Surgery. Retrieved April 10, 2009, from http://www.ourbodiesourselves.org/book/companion.asp?compid=102&id=1

Relationship between productivity and the cost of production Essay

What is the relationship between productivity and the cost of production? The relationship between productivity and the cost of production is your cost per day or per hour compared to your productivity. By examine these two things together. The productivity which is your output for the amount of hours worked compared to the total cost of a certain item – you will be able to reach a â€Å"break even analysis† showing you how much you need to a make minus the total coast to make a certain amount of money. Why is the demand of labor a derived demand? The request for labor is derivative from the production and demand for the item that is being demanded. If the demand for a particular item increases two things usually take place – Most likely the cost of the item will increase and the demand for manufacture labor will increase soon the equilibrium price and production numbers will meet What is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar? Usually but not in all cases, the more an employee produces the more valuable they are because they are adding value to the company but this is not always true and example would be a sweat shop . What are some factors that determine the level of your income? Explain your answer. A person’s level of education an example will be; someone with a Master’s degree with is valued more than someone with a high school diploma. A person’s special skill set will be in high demand due to the scarcity of being able to replace them and how long it took to gain the knowledge they have, an example would be a highly skilled brain surgeon. Also the amount of danger involved in doing a certain job, there are certain jobs that are extremely dangerous and not many people are willing to do them so the demand for the person who will do it would be high, example would be cleaning the windows of the Burj Khalifa building in Dubai. Describe an example you are familiar with in which a technological innovation led to an improvement in productivity. What was the effect on the cost of doing business or activity in which this technology was employed? How did this affect the prices of related inputs? There are many technology innovations which led to improved productivity but the one that stands out most in my mind would be the cell phone. Before cellphones people had to stay in touch through either a land line or a public phone. The cell phone made the need for both of these obsolete. When cell phones first came out they were very expensive and only a select few had them, today people change cell phones due to the low cost, like they buy a new pair of sneakers. Today’s cell phones are like mini computers, they give sales men, business deals, and anyone else constant access to information and to one another, this alone raises productivity.