Friday, February 21, 2020

American Airlines (AMR Corporation) Research Paper

American Airlines (AMR Corporation) - Research Paper Example This is because the business of stock trade holds no assurances and one has the potential to either enjoy large amounts of profit from their trades or suffer huge amounts of loss as well if things do go as expected (DePamphilis, 2009). The public companies whose shares are involved in this trade are able to profit as well in terms of stock value, which has the potential to raise the value of their company in general. This is to say that, the higher the price of their stock, the higher the value of the company. Due to this relation, senior management in such companies tends to focus on stock prices and ways that they can be increased on the market in the short term so as to raise the value of the company. This can read to unethical behavior as a result as the management may be tempted to trick individuals into thinking that their stock is worth more than it is in actuality (Sandage, 2006). The increase in the value of stock leads to an increase in demand for the stock which in turn ra ises the value of the stock even higher and it is this co relation that may tempt senior management to tamper with realistic value of their stock so as to cause a rise in demand which will in effect actually raise the value of the stock as a result. ... By postponing this responsibility, the company was able to keep hold of the funds that would have been used for this activity and include it in the earnings reports that they put out. Thus, it would look like the company is doing better than it actually is as those studying the results would not be aware that the funds displayed were partly increased by the postponement of an expense which would have to be dealt with eventually. 2 Deferring the aircraft maintenance was harmful and unethical to both the shareholders of the company6 as well as the customers who used their services. This is because the company dealt in a very sensitive area of transport (air transport) where the good condition of the crafts used was essential in their everyday business. It was unethical to the shareholders as they were made to believe that the stock they owned was doing better than they thought through the manipulation of funds (DePamphilis, 2009). It also put them at risk of suffering losses should any accident have occurred as a result of shunning this maintenance responsibility as the stock value would have dropped drastically as a result. Their actions were even more dangerous to customers who used their services as they put their lives at risk through failing to perform scheduled maintenance on their aircrafts, which could have led to an accident that may have resulted in the loss of lives. This is a more serious offence than tricking those trading in shares into thinking that the company they have invested in is doing well and involved potentially more devastating results than the simple manipulation of earnings through other means. 3 In 2011, American Airlines decided to file for a Chapter 11 bankruptcy that the management saw was

Wednesday, February 5, 2020

Air Pollution in London Essay Example | Topics and Well Written Essays - 1000 words

Air Pollution in London - Essay Example Concentrations ofsix pollutants reduced between 2007 and 2008. Between 1998 and 2008 concentrations of eight pollutants have reduced. The substances that cause air pollution are called pollutants. If they are pumped into our atmosphere and directly pollute the air are called primary pollutants. Carbon monoxide from car exhausts, sulphur dioxide from the combustion of coal is example for primary pollutants. If primary pollutants in the atmosphere undergo chemical reaction, and further cause pollution, they are secondary pollutants. Photochemical smog is an example for secondary pollutant. Air pollutants mainly occur as a result of gaseous discharges from industry and motor vehicles. There are also natural sources such as wind-blown dust and smoke from fires. With increasing urbanisation and industrialisation, more pollution has been added to the air by industrial, commercial and domestic sources. When these concentrated gases like Co, Co2, So2, No2, Ozone, and Pm10 exceed safe limits, we have a pollution problem. Air pollution, particularly in cities, is not a new problem. Back in the middle ages the use of coal in cities such as London was beginning to escalate. In UK the industrial revolution during the 18th and 19th centuries was based on the use of coal. Urban air pollution levels often reached very high levels due to the burning of coal in industries, as well as in homes for domestic heat. During foggy conditions, pollution levels escalated and urban smogs (smoke and fog) were formed. These often brought cities to a halt while disrupting traffic, and may also cause deaths. Effects of air pollution on buildings and vegetation also became obvious. Effects Inhaling So2 in excess amount would lead to cough, tightening of chest, and irritation of lungs. NO2 results in irritation and inflammation of lungs. PM10 may cause inflammation of lungs, linkage of long term exposure to coronary heart disease and lung cancer. Intake of carbon monoxide in excess amount would leads to prevention of normal transport of oxygen by blood, resulting in the reduction of oxygen supply to the heart. Ozone causes pain on deep breathing, cough, irritation and inflammation of lungs. Benzene and 1, 3-butadiene leads to cancer. Lead is responsible for linkage of exposure to impaired mental function and neurological damage in children. In the great 'smog disaster' in London in 1952, nearly 4,000 people died in a few days due to the high concentrations of pollution. Air pollution in London is decreasing Year Moderate High Year Moderate High Year Moderate High 2000 218 7 2003 480 32 2006 396 26 2001 275 24 2004 225 3 2007 200 12 2002 175 7 2005 230 5 2008 130 6 1. Days of moderate-high, and very high air pollution at selected urban sites across London during 2000-2008 (Source: Defra). 2. Relative annual mean concentrations of SO2, PM10, Nox and NO2 monitored at several sites across London. (Source: London Air Quality Network, King's college London). According to the data, there has been a downward trend in the annual mean concentration of SO2. Since 2000 it had fallen significantly. By the spring of 2009 it had fallen by 80% since November 1996. Annual mean concentration of PM10 has decreased by nearly 26 % between November 1996 and late 2008. The concentration of NO2 has fallen since 2000, and now appears to