Hamilton Term Paper Example | Topics and Well Written Essays - 1750 words

Hamilton - Term Paper Example In 1815, there was a chopping mill that became the forts industry in this area. The area grew speedily which was aided in 1827 by a channel to Burlington Bay that is in line with Lake Ontario. In 1833, Hamilton was incorporated as a police village where a legislature was thereafter passed where it was able to establish a market1. When the town of Hamilton was first incorporated in 1833, its first order of business was to establish place for its board to meet where they met at local taverns like Thomas Wilson Inn at Jackson Streets. Hugh Cossart Baker established the first life insurance company in Canada.2 It later became the first functioning railway that transformed Hamilton into a major center for the immigration route from Boston and Newyork to Chicago. In 1856, the town saw the first locomotives built. In 1862, Hamilton town invested in the Great Western Railway and at the end of the Depression in 1862, the population in the town had dwindled since it was not able to meet the interests on its bonds held by British investors. In the 1870s era the town started to have a financial edge and shifted to an economic strategy of attracting the industry. It saw the birth of working class in 1872 and unionists that created the Nine Hour Movement that was to fight for limited hours to nine daily by the government. The same era saw the Bank of Hamilton established which lasted until 1924. It merged with The Commerce that later became the Canadian Imperial Bank of Commerce. In 1847, the town established the first department store. The town played a huge role in the telephone development. In 1877, Hugh Cossart Baker Jr established the first commercial telephone in Canada in the town of Hamilton. He also established the first telephone exchange in the British Empire. He made the town to be the first commercial site for long distance telephone line in the British Empire. This paved

Sole Proprietorship Essay Example for Free

Sole Proprietorship Essay Firstly Mr. Rajkumar must understand that a limited company is a type of company which when set-up allows an entrepreneur to keep their own assets and finances separate from the business itself. This means that people who have invested in the business (the shareholders) are only responsible for any company debts up-to the amount that they have invested and no more. It is therefore a good way for a business to get investment without risk to a personal wealth. Since, Mr Raj wishes to shift from a sole proprietorship firm to a private one, an agreement has to be executed between the sole proprietor and the private limited company (once it is incorporated) for the sale of the business. In this process, for his guidance, I would list down below mentioned points regarding the pros and cons of shifting to a private limited firm:- * For a start, there is unlimited liability of business debts in a Sole Proprietorship, and which extends to even the private assets of the individual. In contrast, in a private limited company, the liability is limited to the extent of shares held but not paid. * In terms of the staff, just one person that’s the entrepreneur is sufficient to qualify for a valid Sole Proprietorship, while a minimum of two and maximum of 50 people are required for registration as a private listed company. * There is no separate legal entity for the venture, with the sole entrepreneur listed under Sole Proprietorship. In contrast, a private listed company has a corporate identity distinct from its individual members. * A Sole Proprietorship requires no registration before its starts operating. In contrast, a Private Company must be incorporated before the Registrar of companies so that it could be covered under legislation like service tax, professional tax, Provident Fund, ESI etc as applicable. * There is no charter document for the single-entrepreneur venture while a listed company needs to have a Memorandum and Articles of Association. * Property under sole proprietorship belongs to the individual. In case of a privately listed entity, the company owns the physical assets. * Since the individual and the sole proprietorship share the same identity, the individual can sue or be sued by concerned parties. In contrast, a company can sue or be sued only in its own name since it is a legally registered entity, independent of its members. * When it comes to taxation, a sole proprietorship is taxed as an individual would be on his/her earnings under different slabs. In contrast, a privately incorporated entity will be taxed as a company. Guidance to formation: In order to set-up a Limited Company, there are a few criteria that first have to be satisfied. These are laid out by The Companies Act 2006. * Firstly, Mr Rajkumar must have director identification numbers (DIN) and digital signature certificates in place * Secondly the Company must be registered with Companies House. It is there to help entrepreneurs who are planning to set-up a limited company, it guides you through what is required by the government and offers a number of services to help new start-ups register their business and succeed in the marketplace with few suggested names * Once the name is approved, the next step is drafting the memorandum and articles of association (MoA and AoA). * After the MoA and AoA are prepared they must be printed and sent to the concerned registrar for vetting and to mark out objections, if any. * The last step is to pay the registration fee, which varies on the basis of the company’s authorized capital, after which the company gets registered as a private limited company under the Companies Act, 1956 and gets its certificate of incorporation. There are some more things that are required by a private limited company, like getting a permanent account number and a company seal, after it is registered. However, unlike a public limited company, a private company can begin its operation right after getting a certificate of incorporation and complete the rest of the formalities simultaneously.

Analysis of the Economic and Monetary Union (EMU)

Analysis of the Economic and Monetary Union (EMU) The Geography of European Integration: Economy, Society and Institutions Kourdoumpalou Panagiota Which of the following two sentences is more likely to be correct in your opinion? Present at least two arguments to support your opinion. The establishment of a common monetary union in the EU was a successful step towards deeper European integration. The idea of a common monetary union in EU didn’t take under consideration all the economic aspects resulting in its failure a few years later. Economic and Monetary Union (EMU) represents a major step in the integration of EU economies. It involves the coordination of economic and fiscal policies, a common monetary policy, and a common currency, the euro. The 28 EU Member States take part in the economic union, but some countries have taken integration further and adopted the euro. The decision to form an Economic and Monetary Union was taken by the European Council in Maastricht in December 1991, and was later enshrined in the Treaty on European Union. The Economic and Monetary Union helps the EU in its process of economic integration. Economic integration brings the benefits of greater size, internal efficiency and robustness to the EU economy as a whole and to the economies of the individual Member States. This offers opportunities for economic stability, higher growth and more employment. On January, 1999, 11 of the 115 European Union (EU) countries formed the Economic and Monetary Union (EMU), adopting the euro as their common currency. Since then, in the Eurozone, the European Central Bank carries out a common monetary policy and, to a high degree, bond markets are fully integrated ( European Commission). The creation of the Eurozone was preceded by a gradual regulatory harmonization among European stock markets and the ending of various restrictions on nonresidents, and also by an effort among EU countries to satisfy the Maastricht criteria for joining the Eurozone. The effort to satisfy the Maastricht criteria also led to betterà ¢Ã¢â€š ¬Ã‚ balanced fiscal budgets, which may have led to a â€Å"real convergence† of European economies, that is, an increased synchronization in business cycles across the European economies (Julian Alworth, Giampaolo Arachi, 2008). The introduction of the euro had many advantages. It improved transparency, it standardized the pricing in financial markets, and reduced investors transaction and information costs. Finally, the introduction of a single currency eliminated the currency risk within the EU and reduced the overall exchange rate exposure of European stocks. This factor, together with the nominal and real convergence, should have led to more homogeneous valuations of equities in EMU countries (Gikas A. Hardouvelis, Dimitrios Malliaropulosa, Richard Priestleyd, 2007). One way to evaluate if European stock markets became more integrated during the 1990s is to examine the evolution of the relative influence of EU. When stock markets are partially integrated, both global and local risk factors are priced. There is a possibility of estimating a conditional asset pricing model with a timeà ¢Ã¢â€š ¬Ã‚ varying degree of integration, which measures the importance of EU, wide market and currency risks which are relative to countryà ¢Ã¢â€š ¬Ã‚ specific risk (Gikas A. Hardouvelis, Dimitrios Malliaropulosa, Richard Priestleyd, 2007). Each Eurozone country has its own timeà ¢Ã¢â€š ¬Ã‚ varying degree of stock market integration. The degree of integration is bounded between zero and unity and conditioned on a broad set of monetary, currency, and business cycle variables. These variables estimate the gradual nominal and real convergence of the European economies during the preà ¢Ã¢â€š ¬Ã‚ monetary union period. Among the included variables, the most prominent one is each countrys forward interest rate differential with Germany which was widely used by market analysts as an indicator of the probability that an EU country would eventually manage to join the Eurozone. In the second half of the 1990s, the degree of integration gradually increased to the point where individual Eurozone country stock markets appear to be fully integrated into the EU market. There have been two main factors that driven the increase in the level of integration: the evolution of the probability of joining the single currency and the evolu tion of inflation differentials (Gikas A. Hardouvelis, Dimitrios Malliaropulosa, Richard Priestleyd, 2007). Moreover, economic integration resulted in businessà ¢Ã¢â€š ¬Ã‚ cycle convergence. Crossà ¢Ã¢â€š ¬Ã‚ country return correlations and business cycles are related. Monetary and fiscal policy coordination may have led to increased synchronization of business cycles among EMU member countries, which could have led to increased correlation of expected corporate earnings and more homogeneous estimates of European equities (Gikas A. Hardouvelis, Dimitrios Malliaropulosa, Richard Priestleyd, 2007). In the 1990s there is a process of increased integration of European stock markets to the prospects of the formation of EMU and the adoption of the euro as the single currency. During the 1990s, the degree of integration of each countrys stock market with the EU market was negatively related to both its forward interest rate differential with Germany and its inflation differential with the best three performing countries. Also, the inflation differential was a major indicator of whether a country with a high inflation had the ability to achieve nominal convergence and satisfy a major criterion for admittance into the Eurozone. The process of integration was not easy, but in the second half of the 1990s, stock markets converged toward full integration. In other words, their expected returns became increasingly determined by EUà ¢Ã¢â€š ¬Ã‚ wide market risk and less by local risk (Gikas A. Hardouvelis, Dimitrios Malliaropulosa, Richard Priestleyd, 2007) Concluding, supporting evidence on the hypothesis that the prospect of EMU was the cause behind the observed increase in stock market integration among Eurozone countries comes from two main sources. First, when we observe the experience in the United Kingdom, an EU country that chose not to join the Eurozone, is clearly different than the rest of the European stock markets. The UK market showed no signs of increased integration with the EU stock market. Second, the integration in Europe appears to be a Eurozoneà ¢Ã¢â€š ¬Ã‚ specific phenomenon, which does not rely on possible simultaneous worldà ¢Ã¢â€š ¬Ã‚ market integration. So, now it can be said that the establishment of a common monetary union in the EU was a successful step towards the European integration. It is obvious that the process of integration was not easy, but there was a convergence of the stock markets towards full integration. In other words, their expected returns became increasingly determined by EUà ¢Ã¢â€š ¬  wide market risk and less by local risk. References European Commission, Economic and Monetary Union. [online] Available at: http://ec.europa.eu/economy_finance/euro/emu/index_en.htm Gikas A. Hardouvelis, Dimitrios Malliaropulosa, Richard Priestleyd, (2007). The impact of EMU on the equity cost of capital. Journal of International Money and Finance Julian Alworth, Giampaolo Arachi, (2008). Taxation policy in EMU, Economic Papers 310 1

Handheld Mobile Devices Essay -- Technology

Research has shown that use of hand held mobile phones while driving can increase the risk of crash by up to 23 times (Vic Roads, 2009). In an attempt to curb the number of people taking such risks, TAC launched a campaign to bring awareness to the problem of distracted drivers, many of whom are distracted by hand held mobile phones, commonly used to talk or text while driving. Considering the statistics regarding the chance of crash when engaging in such activities and the prevalence of the problem, TAC has launched the campaign with hope of creating attitude change. The TAC advert, witnessed by participants of this study, shows various situations of distracted drivers. Two situations of specific relevance to this study, talking on a hand held mobile and texting whilst driving. In all occasions the danger is present, in the final situation the danger is realised via the crash. ‘Attitude’ can be defined as a set of beliefs, feelings, behavioural tendencies and evaluations, that are mostly enduring, and are positive or negative in nature, regarding some person, group, object, issue, event or symbol (Vaughan and Hogg, 2011). This reveals the problematic nature of any attempt to use persuasion to force attitude change. While enduring, resilient attitudes are unlikely to be easily altered, it is not impossible to do so. A dual process theory was proposed by Petty and Cacioppo (1981), the Elaboration Likelihood Model in which, attitude change can occur via two processes. The Elaboration Likelihood Model postulates two processing routes of persuasion, the Central Route, and the Peripheral Route. The former refers to more careful thought utilising more cognitive resources, while the latter, less motivated, less car... ...erely the hand held mobile. It has been speculated that laws pertaining to banning of mobiles whilst driving should include hands free mobiles. Future research should utilise this information and perhaps measure attitudes regarding all phone use whilst driving rather than only hand held phone use. This study has utilised the two processes of elaboration set out in the Elaboration Likelihood Model, to measure the success of the TAC campaign, in changing attitudes of favourability towards the dangerous practice of using a hand held mobile whilst driving. The results of the study show that attitude change is possible via both Central and Peripheral Route processing, as measured before and after viewing the TAC advertisement. Central Route processing has a clear advantage and was significantly more effective than Peripheral Route processing in attitude change.

Tuskegee Syphilis Experiment

The Beneficence Principle wants maximum benefits and minimum harm. The Tuskegee Syphilis Experiment did the exact opposite of that. The government doctors of the US Public Health Service studied the maximum harm and minimum benefits of untreated syphilis. According to Talebearer Clark, the founder of the experiment, â€Å"Macon County Is a natural laboratory – a ready made situation. The rather low Intelligence of the negro population, depressed economic conditions, and the very common promiscuous sexual relations, not only contribute to the spread of syphilis UT also to the prevailing indifference with regard to treatment† (Dianna, 1993).The government doctors studied patients with syphilis from the earliest of stages all the way to death, the goal being to see if syphilis was the same in blacks as it was in whites. The doctors told the patients they could cure their â€Å"bad blood† and invited them in for treatment. The doctors never told them how bad their co ndition was or what stage they were at. They simply â€Å"gave the men placebos, vitamins, aspirin, and tonics to keep up the appearance of treatment (Dianna, 1993). The third part to The Ethics Framework for Public Health questions the known or potential burdens of the program.The Tuskegee Syphilis Experiment clearly violates this ethical principle (as well as many others). In this principle It states â€Å"If data suggests that a program is reasonably likely to achieve its stated goals, then the third step of the framework asks us to identify burdens or harms that could occur through our public health work† (Champed and Elliot 2010). The doctors in the Tuskegee Experiment clearly knew they were achieving their goal, which was recording the effects of untreated syphilis, but failed to identify and inform the burdens and/or harms that were occurring in their public health work.The men were never informed of the problems they had, and in fact were led to believe they were get ting better. The goal of the Tuskegee Experiment was to find out if syphilis had the same effect in black people as It did In whites, at that time blacks were thought to be â€Å"fundamentally and genetically deferent† (Dianna, 1993). As sad as it Is to say, at the end of the experiment there were a few benefits, one being doctors now know the effects of syphilis on anybody, regardless of race or gender, If left untreated.Another benefit to come from this experiment would be ethics in Public Health and the be no Belmont Report or Ethics Framework for Public Health in our textbook. There are many long-term repercussions to advancing public health goals because of this experiment. It caused blacks, and others living in low class, oppressed populations to have distrust and lack of respect for the information given to them by doctors. They were misled and misinformed by these â€Å"doctors† and no longer want their information or help. And because of this they do not step forward or help for health issues when it's needed.

Free Essays on How Accurate Are Eyewitnesses

Abstract The experiment, Be a Juror was studied to explore the importance of eyewitness testimonies in a jury trial. This study looks at both a jury’s behavior and an eyewitness’s testimony in a mock trial. The focus is mainly on assessing the reliability of eyewitness identifications. For this experiment, Be a Juror there was a total of seventy-five participants. There were a total of sixty-six female participants and nine male participants. All of the participants in this study ages averaged 22 years old. Participants were randomly assigned to one of three possible conditions. The conditions consisted of the no eyewitness, discredited eyewitness, or refuted eyewitness. Twenty-nine participants were exposed to the no eyewitness condition. This experiment was to measure participant’s degree of perceived guilt in one of the three conditions. Based on previous research in eyewitness testimonies it is hypothesized that the presence of an eyewitness testimony increases the b elief of guilt, regardless of the witness’s credibility. Introduction: Research dealing with eyewitness testimony and related issues have been going on for decades. To this date there continues to be some debate as to the accuracy of eyewitness memory. The experiment, Be a Juror is a study conducted to explore the importance of eyewitness testimonies in a jury trial. This study looks at both the jury’s behavior and the eyewitness’s testimony in a jury trial. One focus is to assess the reliability of eyewitness identifications. This study is important because of the recent increase in technological advances that have overturned convictions using DNA results that countered eyewitness testimony. This establishes that there are some considerable errors in eyewitness testimonies that have led to many convictions. Earlier research studies attempted to focus on: finding ways to help witnesses in recalling information, the effects of leadi... Free Essays on How Accurate Are Eyewitnesses Free Essays on How Accurate Are Eyewitnesses Abstract The experiment, Be a Juror was studied to explore the importance of eyewitness testimonies in a jury trial. This study looks at both a jury’s behavior and an eyewitness’s testimony in a mock trial. The focus is mainly on assessing the reliability of eyewitness identifications. For this experiment, Be a Juror there was a total of seventy-five participants. There were a total of sixty-six female participants and nine male participants. All of the participants in this study ages averaged 22 years old. Participants were randomly assigned to one of three possible conditions. The conditions consisted of the no eyewitness, discredited eyewitness, or refuted eyewitness. Twenty-nine participants were exposed to the no eyewitness condition. This experiment was to measure participant’s degree of perceived guilt in one of the three conditions. Based on previous research in eyewitness testimonies it is hypothesized that the presence of an eyewitness testimony increases the b elief of guilt, regardless of the witness’s credibility. Introduction: Research dealing with eyewitness testimony and related issues have been going on for decades. To this date there continues to be some debate as to the accuracy of eyewitness memory. The experiment, Be a Juror is a study conducted to explore the importance of eyewitness testimonies in a jury trial. This study looks at both the jury’s behavior and the eyewitness’s testimony in a jury trial. One focus is to assess the reliability of eyewitness identifications. This study is important because of the recent increase in technological advances that have overturned convictions using DNA results that countered eyewitness testimony. This establishes that there are some considerable errors in eyewitness testimonies that have led to many convictions. Earlier research studies attempted to focus on: finding ways to help witnesses in recalling information, the effects of leadi...