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American Football
American Football
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American Football
American football was first played in 1869; each team was made up o 25 players and was a combination of rugby and soccer rules. The ball used was round and the field was 400 by 250 feet. With time there have been changes in the game, then it was never played professionally but currently it is (Foley, 1990). The ball changed and is oval to allow for a good grip, the players have reduced to 11 players from each team, the field size was reduced to measure 110 by 53.3 yards and the duration of a game was reduced from 70 to 60 minutes.
Football fits into everyday life of the American society as it is played in all high schools and colleges. The ratio of men to women funs is 4.9:5.1, while the ratio of the college graduate funs to high school drop outs is 3.6:4.1. The game has great influence in the society this is because not only does it offer a platform to sponsor high school students to college but experiences great media coverage. National and international games are aired by television stations and are watched all over the country (Maguire, 1990). The sport is a male dominated, however this is not due to biased rules. It is highly physical and rough and this has led to there not being a national women’s football team, however it is work in progress.
It is a representation of the society as it incorporates men from all walks of life both race and class. This is because, it offers scholarship to students who have talent and passion for the game but cannot be able to afford to pay for their college fee. The funs are people from all different walks of life from high school drop outs to men with post graduate degrees (Foley, 1990).
The game is a social institution because it brings people from all walks together. Team members come together under the leadership of a couch and play together (Maguire,, 1990). They always have their team members back and this makes them a family while on the field. The game also unifies funs from all places to come together to share in the action of their favourite team. It gives them a recreational activity that helps in relaxing after long hours of working. It creates a place where people can socialize and meet new faces. The fact the game has been in existence since 1880’s, then it means it has been part and parcel of the lives of the people throughout the years and has affected and influenced their major and minor decisions.
References
Foley, DE ,( 1990), The great American football ritual: reproducing race, class, and gender inequality. Sociology of Sport Journal, – cabdirect.org
Maguire, J, (1990), More than a sporting touchdown: the making of American football in America 1982-1990. Sociology of Sport Journal, cabdirect.org
American government and same sex marriage.
Professor’s name
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Topic: American government and same sex marriage.
Same sex marriage involves the matrimonial union of people of the same sex. Though not supported by many and most religions, over the years it has been debated on whether to legalize it; some states in the U.S such as California, Iowa, Maryland, New York, Washington and several other states have legalized same sex marriage that constitutes, according to resent records, 15.7 percent of the total population. Several jurisdictions have legalized gay marriage through court rulings, legislative action; however nine states do not allow it by statute, while thirty other states do not allow it in their constitution (Rimmerman, 2007). The Defence of Marriage Act stated in 1996, is an act that was enacted to prohibit states both internally and externally from recognizing same sex marriage. This has been found to be unconstitutional in various states including two federal courts.
Movements in support of gay marriage started in the 1970s and have progressively and aggressively grown over the past few years reaching a climax in 1993, in Hawaii Supreme Court that declared it to be unconstitutional to prohibit same sex marriage. The 21 has been the climax of the movements with a majority of the population coming forward in support of same sex marriage legalisation (Newton 2010). In May 9 2012 president Barrack Obama became the first sitting president to support the legalization of gay marriage in the United States of America.
The defence of marriage act was challenged in the federal court system by the District Court of Massachusetts held the prohibition of marriage rights to gay couples to be unconstitutional under the Tenth Amendment to the U.S constitution. It has found that the act is unconstitutionally counter current to the human rights such as issues that involve bankruptcy, public employee fee and immigration rights. Marriage laws in states are being challenged in court including a case in California, which challenges the validity of proposition 8 under the American constitution. While another in Nevada that challenges its system of marriage for different and same sex couple marriages.
What is the defence of Marriage Act? It is a federal law that restricts benefits that a married couple enjoy after marriage. The law passed by vote of the majority in the congress and was signed in by President Bill Clinton in September 21 1996 ( Stone, 2013). Section three of this act defines the non- recognition of marriage rights to people of the same sex including insurance benefits, social security funds and filing of joint tax returns. According to the acts section 3 definition of marriage is only a legal union between one man and woman as husband and wife. And the word spouse only refers to one of the opposite sex. Later in the years President Clinton made a personal appeal that people should do what they want to and that it was wrong for anyone to stop someone else from marrying someone of his/ her choice; this meant that he too saw that the act needed to be debated and the content be reviewed. He later urged Supreme Court to change DOMA. Ted Kennedy of Massachusetts made an effort to pass the Employment non-discrimination act that stood for hiring and employment protection for the gay and lesbians. The bill moved through congress and received enormous support from both republican –controlled houses. The impact of DOMA persons of the same sex who got married were shut out of many benefits. Religious definition of marriage was another supportive concept that led to the passing of the act. The institution of marriage involved the union of man and woman in order to procreate mad bring up children. United States courts easily adopted the religious doctrine to deal with gay and lesbian cases. The Republican Party said that federal judges should not force states to agree to other forms of marriage if not the religious definition of it. On September 15 2009 three democratic members of the congress introduced legislation to repeal DOMA called Respect for marriage act. Most of the states still do strongly oppose to the repealing of the defence of marriage act. But currently several states still do feel that everyone has right to freedom on who to marry. After the legalization of same sex marriage in California faced opposition; opponents in California placed a state constitutional amendment known as proposition 8 (prop 8); with the aim of restoring the clear and original definition of marriage (it being between a man and a woman). However a U.S district court ruled it out and considered it unconstitutional (Duran,2011).
It grew rather cumbersome and tedious for financial institutions, credit card companies and companies doing business in multiple states to recognize and follow and identify the various versions of marital status when it came to dealing with customers and employees. This became one of the driving motives to removing barriers to marriage equality. For this reason Americans believed, for those who support the DOMA repeal that things would now change.
As of March 2013 nine states have incorporated same sex marriage in their community and offer lesbian and gay marriages. It has been legalized through legislation, court ruling and tribal council rulings. California, Hawaii,, Illinois are among some of the states that have developed valid union for same sex couples offering variety of the rights and responsibilities of the married couple. New Jersey grants civil rights that are equal to everyone regardless to the situation of the marriage. The benefits, protections and responsibilities under statute are inclusive of gay and lesbian couples. Same sex marriage is only recognizable at state level but still remains prohibited at federal level. Most current states are slowly assimilating gay and lesbian couples in their states, though several issues still remain pending slowly by slowly they are incorporating it into their system. This states had their senators’ sign in the legalization bill of the same sex marriage. States and cities such as New York, Washington, Connecticut all embraced the marriage between two people of the same gender.
Same sex marriage supporters argue that prohibiting this would be compared to past prohibitions on interracial marriage. They say in support to the motion of legalization that it extends the civil rights of an individual or group. Psychologists, and medical practitioners debate and say that what couples in a man woman relationship and couples in man-man or woman- woman relationship do, are equal. Homosexuality is just a normal human way of showing human sexuality. They are still competent at parenting; their children are brought up just same way as those in mum-dad relationship and it does not affect them psychologically. Discrimination stigmatizes same sex couples and this should not be the case since they are still human and normally we are all different. The social media such as face book and twitter have helped achieve equality goals.
As the years grow more and more, the more people are embracing the respect for right of choice. This would be a leap toward equality and respect for what the other person finds good for him or her. This promotes national peace love and understanding for one another. Same sex marriage should be allowed to give other people the chance to express and feel free to love and be with whom they desire to be with.
Like almost everything though, same sex marriage has its negative side. One there is so much discrimination for people who are considered to be gay or are lesbians. Mostly people view it as a break of the laws of nature. The bible itself does not support it since God creates man and woman to procreate. Man was intended purpose fully for woman and vice versa. It would also have a negative impact to the family since some parents would find it hard to accept if their children are gay. Children too may be affected due to discrimination from their peers. People feel alienated from their communities; people tend to push themselves away from them.
People should have the right to choose who they want to be with and who they want to marry. Everyone is entitled to the freedom of expression.
Duran, A. (2011). Prop 8 overturn. S.l.: Iuniverse Inc.
Newton, D. E. (2010). Same-sex marriage a reference handbook. Santa Barbara, Calif.: ABC-CLIO.
Rimmerman, C. A., & Wilcox, C. (2007).The politics of same-sex marriage. Chicago: University of Chicago Press.
Stone, C., & Culhane, J. G. (2013).Same-sex legal kit for dummies. Hoboken, NJ: John Wiley & Sons.
HBS Case study on societe distribution de petroleo (SAT)
HBS Case study on societe distribution de petroleo (SAT)
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Case background and Statement of the problem
Marcelo Alecrim, the owner of Setelite Distribuidora da Petroleo (SAT) negotiated with the senior managing director for Darby Overseas Investment Ltd, Julio Lastres in order to sell low selling interests of the company. The sale was looked at as a way of raising money to increase SAT’s growth. In addition, SAT would build its reputation and achieve better interest rates with banks and Petrobras, a Brazilian based company. These negotiations came along with a cost because Alecrim had to use private equity funds on restructuring the company and paying salaries for the key executive positions introduced (Applegate and minardi 2007). The following case determines lastres’s ability to invest or not to invest in SAT with an evaluation of investment and entrepreneurial opportunities in Brazil.
Analysis
From the financial statements of SAT, the company can be evaluated through different methods. The first one is through comparable analysis or even using the DCF analysis. Comparable analysis is a process applied to evaluate a company’s value using metrics of similar businesses in the industry. It operates under the assumptions that similar companies will have same multiples of valuation like the EV/EBITDA.
Using compatible analysis to analyze SAT in the petroleum distribution in Brazil, the following will be portrayed. This makes SAT the giant in the industry according to the data.
DISTRIBUTOR SHARE OF NUMBER OF EXISTING GAS STATIONS IN NORTHEAST
BR (PETROBAS) 32.0%
ESSO 14.0%
TEXACO 12.0%
IPIRANGA 11.0%
SHELL 9.0%
SATELITE 8.0%
WHITE FLAG 7.0%
OTHERS 7.0%
Table 1
Using DCF analysis, the method tries to work out the company’s value of today, depending on the projections on the expected money to be made in the near future. The method of valuation used in giving estimation of the investments opportunity attractiveness. The discounted cash flow (DCF) analysis applies the projections of the future cash flow and discounts them to arrive at the current value which is used in evaluation of the potential investment. DCF is calculated as
Despite the fact that calculations of DCF have many complexities that are involved, its purpose is to estimate money gotten from investment and to adjust the moneys time value.
DuPont analysis is a method of measuring the performance where the assets are measured at the company’s gross book value instead of the net book in order to get the higher return on equity (ROE). From the DuPont analysis, ROE is affected in three things:
Efficiency in operations measured by the profit margin
Efficiency in use of assets measured by the total turnover of the assets
Financial leverage measured by the multiplier of the equity.
ROE = Profit Margin (Profit/Sales) * Total Asset Turnover (Sales/Assets) * Equity Multiplier (Assets/Equity)
Moreover, Darby Overseas Investment Ltd balance sheet created another concern that requires deep analysis. The balance sheet shows that the company had not fully concentrated on the purchases of the required investment raw materials. The entry to the Brazalian market forced the company to increase on its furniture & Fixtures and equipments in order to meet the new demands. In addition, the balance sheet indicated the company had no cash in bank by December 2000. Lack of cash in bank raises more concern because the company seems to lack proper preparation in case of an emergency. It is a general belief measuring of the assets at the gross books will remove the incentives to prevent investing in the new assets. If the results of ROE are not satisfying, the DuPont analysis will assist in locating business part that is underperforming.
Alternative Courses of action
According to Cuthbertson and Nitzsche (2008), the main aim of every organization is to maximize profit at a lower cost. The cost of hiring new staff and restructuring the company would have been avoided through starting with small investments and increasing as the time goes on. In addition, Darby Overseas Investment Ltd sales commission would promote the sales representatives in their work. The company therefore should increase on shares by more than 14% so that the individuals market more units, which end up improving the company revenues. The company can do away with some costs like non-manufacturing utilities and services which tend to utilize a lot of money through sale of the long stocked bikes at throwaway prices to avoid accumulation of the units.
Recommendations
Although investing in Brazil was an excellent idea, Mr. Lastres would have first determined the costs associated with international business management. The discussion finds out that Mr. Lastres invested in Brazil but incurred some losses. In addition, there were costs and benefits from Darby investment that included high demand for oil products and need for more exports (Applegate and minardi 2007).
References list
APPLEGATE, L. M. AND MINARI, A. M. (2007). Satelite Distribuidora de Petroleo. Harvard
Business School
CUTHBERTSON, K. AND NITZSCHE, D.( 2008). Investments, (2nd ed). Wiley
