Alcatraz Would Continue as a Prisoner but Under a...

The military prisoners that were on Alcatraz at the time would build the new military prison from 1909 through 1911. The new cell house was equipped with 600 cells, â€Å"†¦a hospital, a mess hall, and other prison buildings† (history.com). Research around this subject states, that when the prison was completed it was the world’s largest reinforced building (NPS). The Alcatraz lighthouse’s view of the Golden Gate Bridge was blocked during the construction of the cell house, â€Å"[the] beacon became obsolete† (history.com). A new taller lighthouse replacement took place in 1909. Running With the new prison the U.S. Army ran a rather mild institution with minimum security. â€Å"Prisoners spent their days working and learning†¦Many prisoners worked as†¦show more content†¦He was forced to give up his birds before being transferred to Alcatraz Penitentiary. Prison Staff Alcatraz Island was also home to prison staff and their families, which was sensible since it would be complicated for guards to have to board an island ferry to go to and from work every day. The families lived in government owned apartments, cottages, and houses. Alcatraz Island also had a small convenience store and a social club with a bowling alley and a soda fountain. â€Å"It was like a little town,† smiled former Alcatraz guard Jim Albright’s wife in an interview, â€Å"everybody helped everyone,† she had continued. â€Å"It was like a small town with a big jail,† observed a longtime Alcatraz staff member. The children of the prison staff traveled by boat off the island to attend school in San Francisco. Alcatraz prison guards were considered to be among the elite in the Bureau of prisons. They received extensive training in prison procedures and regulations, self defense, conflict resolution, legal requirements, marksmanship, rehabilitation, investigation techniques, bureau policies, and the history of law enforcement (nps.gov). Prison Life Alcatraz prison had received a dramatic reputation from the public eye, which was â€Å"due [largely] to Hollywood movies which have created their own not particularly accurate Alcatraz with hidden tunnels [,] haunted dungeons†¦Ã¢â‚¬  and harshly exaggerated prison life (nps.gov). In actuality, prison life at AlcatrazShow MoreRelatedAlcatraz Island: A Brief History1608 Words   |  7 Pagessecurity. â€Å"Prisoners spent their days working and learning†¦Many prisoners worked as gardeners while a select few were employed as babysitters for the children of prison officers (Mahaney, Erin. History and Facts about Alcatraz. About.com). Closing The Great Depression of the 1930s resulted in the already pricey expenses to run the army barracks to almost double. The current prisoners were departed to other prisons in Kansas and New Jersey. In 1933, the Army deserted the prison.\ Alcatraz would continueRead MoreAlcatraz as a Tourist Attraction Essay3109 Words   |  13 Pagestwenty-two acres of solid granite surrounded by a fast moving sea of icy waters. Your name is Al Capone, and youve been sentenced to carry out the last nine years of your eleven-year sentence at the most infamous prison in U.S. History, The Rock. Alcatraz is no longer a federal penitentiary, nor does it house any inmates. Instead, it has become a tourist attraction that allows hundreds of people a day the opportunity to experience what time served may have felt like at The Rock. The island sitsRead MoreCorrections Timeline2539 Words   |  11 Pagesdictionary, jail is defined as a place of confinement under the jurisdiction of a local government. Jail is generally reserved for those who have been accused of a crime and are awaiting trial or for those who are convicted of minor offenses, such as misdemeanors, where the period of incarceration is less than one year. Probation is the action of suspending the sentence of a convicted offender and giving the offender freedom during good behavior under the supervision of a probation officer. This canRead MoreEssay on Halfway Houses3162 Words   |  13 Pagesinvented that would isolate offenders from the rest of the community. This punishment called incarceration, or prison, ta kes the violator out of the society in an effort to stop any future misdoings. From their inception, prisons have attempted to act as both a deterrent and a rehabilitator. However, in certain times one of these is more stressed than the other. In the case of drug offenders the rehabilitation aspect would is more important. But, overall prisons encounter many different situationsRead MoreCorrectional Administration Reviewer18383 Words   |  74 Pageswere established in Indiana and Massachusetts. DIVISIONS OF CRIMINOLGY: 1. Sociology of Law is an attempt at scientific analysis of the conditions under w/c criminal laws develop and w/c is seldom included in the book of criminology. 2. Criminal Etiology is an attempt of scientific analysis of the causes of crimes. 3. Penology is concerned with the control of crime. THE CONCEPT OF PENALTY Penalty in its general sense signifies pain; in the judicial sphere, it means suffering undergone, because ofRead MoreProhibition and the Rise of Organized Crime4837 Words   |  20 PagesIn 1919, America was torn with the decision of prohibiting liquor from being sold. There were many incentives to do so. However, political officials did not take into account that people would get what they wanted regardless of the law. With prohibition, America was set for an untamed drinking binge that would last thirteen years, five months, and nine days (Behr 91). Prohibition, though it was dignified, was a great failure that taught the United States valuable lessons about crime and corruption

The Hunger Games Trilogy - 1813 Words

The â€Å"Hunger Games† trilogy is a story of war, depression, love and survival. It is written in such a way that you connect with the characters; for example, the infamous love triangle of Katniss, Peeta and Gale. By the end, everyone was chanting â€Å"Team Peeta† or â€Å"Team Gale† as to who Katniss will finally be with. Aside from that, however, the people of the country of Panem were under the control of the Capitol and needed a way to become free from its grasp and that of President Snow. But before the science behind this story is revealed, one must be brought up to speed on how the story all began. In the years prior, there used to be thirteen districts of Panem under the Capitol. The districts united in an attempt to overthrow the Capitol†¦show more content†¦Katniss would have nothing of it, so she volunteered as tribute in her sister’s place. As for the male representative, Peeta Mellark – a baker, painter and one who had a hidden love for Katniss (unbeknownst to her) – was chosen, and the two were sent off to the Capitol to prepare themselves for the fight of their lives. On to the actual Games themselves. Twenty-four tributes (strangers at that), two from each district, released onto a battlefield for a televised fight to the death for the entertainment and enjoyment of the Capitol. These Games went on for weeks, with several tributes dying each day. From the beginning alliances were made to kill off the remaining participants and have the rest of the Games to themselves, and sadly Katniss was one of the targets. Yet she was determined to stay alive and to keep Peeta alive, even though he aligned himself with the majority group for a short while. As the Games progressed, even before the Games began, a story developed between Katniss and Peeta: a love story. A love story that spread across Panem like wildfire, so much that the two were dubbed â€Å"star-crossed lovers.† This had everyone rooting for Katniss and Peeta, for one of them to be the winner of the Hunger Games. Whether it was real or fake for Katniss, she was not sure at the time; she just wanted to make it out alive and take Peeta with her. After several weeks of battle and many deaths of

Structure And Corporate Financing Decisions -Myassignmenthelp.Com

Question: Discuss About The Structure And Corporate Financing Decisions? Answer: Introduction The most important decision that is made within a company in the quest to maximize its value is usually the decision on which products to manufacture and / or which services to offer, however, the decision on how to finance the investments in those assets that allow offering such products and / or services (eg in machines and equipment), is often seen as a minor or secondary decision (Miglo, n.d.). This paper intends to emphasize the importance that financial decisions can have on the value of a company, without forgetting that the expected results will depend considerably on the assumptions that are made about the capital markets and the agents that operate in these markets. The capital structure of a business is the combination of debt and capital that an organization uses to Capital structure of Aveo in the past 5 years It is time to review how the capital structure of a firm behaves in the presence of taxes. To that end, we will continue to use the theoretical framework that Modigliani and Miller developed in his article: The Cost of Capital, Corporation Finance and the Theory of Investment published in 1958 (Bena and Hanousek, 2006). With a very strong balance sheet, the investors look at various things in the balance sheet to invest in the company. There are two measurements for evaluating a companys strength. The first one is the capital structure and the second is the working capital of the company. Aveo has had a very good performance in terms of asset performance of the company and therefore has had good runnings with the investors. For purposes of the report, we shall analyze the company structure of Aveo Ltd for the last five consecutive years (Agarwal, 2013). For capitalization, the company has a record of long-term and short term structures of capital which are permanent in the long term and are a combination of debt and of equity. Aveo has most likely concentrated on keeping a healthy record of equity as opposed to capital debt of the company. This is a clear indication that the company is financially healthy as the yardstick for debt to equity ratio of any company according to IFRS and IAS is 1:1. Aveo ltd equity comprises of preferred stocks and retained earnings which are the inputs of shareholders equity on the balance sheet account. Aveo equates its debt with its liabilities; however, there is a major difference between operational liabilities and the debt liabilities. The difference is that debt liability forms the capitalization component of a company capital structure. Short term and long term debt form the debt component of a company (Martin and Baker, 2013). Short term debts mostly comprise notes payable. The golden rule is that long term debt should take up two third of the total debt figure according to the prudent principle in accounting. Short term will take the remainder. 2012 2013 2014 2015 2016 Total debt/Shareholder equity 2574/701.8=3.7:1 2183/669.6=3.16:1 1840/853.2=2.16:1 1887.2/918.4=2.0:1 2428.5/1072=2.2:1 The analysis in the figures above indicate that the debt to equity ratio in the five years have been very high. While the recommended yardstick of debt to equity ratio is 1:1, Aveo ltd remains to have a high ratio in terms of debt to equity ratio. In the year 2012, the debt to equity ratio was 3.7:1 which was 3 times higher than the recommended threshold. This is not optimal at all. In 2013, the ratio dropped albeit marginally to 3.2: 1 as well as in the year 2014. This was an improvement in terms of financial management despite being high for the accounting standards. In the financial year ended 2015, it dropped to 2.0:1, although not optimal, it seems the company had put in place measures to tame the high debt to equity ratio. This shows that the liquidity of a company is improving (Brown, Liang and Weisbenner, 2006). This is also the case in 2016 where the debt to equity ratio was 2.2: 1. This shows that in all the 5 financial years the debt to equity ratio exceed the yardstick an d this is not good for the investors in Aveo ltd. Optimum capital structure The assumption in prudence use of leverage or debt is that the management can earn more on borrowed money to the amount of interest and fees expense paid on these funds.If a company in a highly competitive environment, is hobbled by high debt , the company may find its competitors taking advantage of the problems facing the company to grab more market share. But if there are taxes, is the irrelevance of the capital structure maintained? To answer this question, let us imagine that the cash flow (FC) of a company is similar to a pie. That cash flow, brought to present value with the appropriate discount rate, will give us the value of the firm. In a taxed world, a company without debt would have a CF like this: (Brown, Liang and Weisbenner, 2006) Dividend history and policy The financial value of the company, that is, the value of the shares, can be expressed as the current equivalent of the expected dividend stream, valued at the required return (ke): The model is based on the reasonable assumption that the dividend is the principal source of shareholder remuneration but, please note, it does not pre-empt that it should be immediately recognized: all dividends expected over the investment horizon are included, as well as the price which is expected to be able to sell the T share; retained earnings will revert to future dividends and also to terminal value because reinvestment will cause the company to grow at a rate g = ROE (1 - pay out). 2012 2013 2014 2015 2016 Dividend paid (in millions) 21.1 17.7 - - - Arguments in favor of investing in companies that do not distribute dividends (Chen, 2005) In Aveo Ltd, the company cannot afford to be capitalized by distributing their dividends to the shareholders because of their investment need. Reinvestment is done in bid not to fall behind their competitors and to give the shareholders maximum value in terms of shareholders value for the future. In many cases, the company like Aveo will sell its shares in order to have a tax advantage where dividends are subject to the IRPF. Arguments in favor of the distribution of dividends This is the other side of the coin, where shareholders can sketch a smile every three months. The perspective from this position is totally different from the previous one, where it is preferred that the money earned with the contributions made by the shareholders be returned to them, since in a certain way these benefits belong to them. In this way the shareholder has the freedom to choose what to do with the liquidity obtained. Pay-out Another fact that we usually take into accounting when we intend to invest in a company that distributes dividend is the Pay-out. This is the part of profits that the company destines to dividends, so it will always be advisable to take it into account since, depending on the situation in which the company is, more or less dividends will be distributed. Where are the profits of companies that do not distribute dividends invested? The profits that the company obtains and are not destined to the distribution of dividends do not have a specific destiny, each company makes the most appropriate decision as to where it has to invest this money, although usually this destination is usually the same for all the companies7. For example: to ensure greater liquidity, to have a working fund to help us in a difficult situation, etc. But we must also take into account that there are shareholders who have deposited their trust and money in the company so that it can carry out its activities, so the reward to these shareholders has to come from a part of the profits (Graham, n.d.) Dividend history for the past 5 years The quality of dividends distributed is directly proportional to the quality of financial reports produced. The dividend structure is commensurate to the profits received for the company. Aveo ltd has not paid out dividends for the last three years. In fact the last dividend paid was in the year 2013, the debt to equity ratio has also reduced in those years. Aveo ltd has not paid out dividends for the last three years, and its debt equity ratio has reduced in those three years (Vandekerckhove, 2012). This report discusses the impact of dividend payments on company value, whose maximization, remember, is the financial objective. Modigliani and Miller demonstrated that, under certain conditions, shareholders should be indifferent between the payment of dividends and the capitalization of results; however, some companies have turned this pay into an essential element of their relationship with investors. Others, on the other hand, maintain a systematic policy of reinvestment, without their actions being penalized by investors. Know the complete process that must be followed to make successful decisions in Financial Investments. Dividend distribution Problems in individual decision-making are mainly due to two causes of fear of decision making and thoughtless decision-making (Vandekerckhove, 2012).Attractiveness of Aveo Australia ltd to an investor Aveo is a very attractive company to invest in. it has had its fair share of troubles especially in dividend payout but remains a very attractive company for investors nonetheless. The dividend policy, and its broader expression as a self-financing policy, is closely related to both the financial structure and the investment decisions. Retained earnings are a source of financing that, depending on the preferences of the company and its owners, can make growth possible by supplementing or supplementing debt or other sources of self-financing, such as capital increases. Self-financing is, in fact, the preferred source for many R D-intensive companies, and / or latent opportunities (Graham, n.d.). Regarding how dividends are canceled Brealey and Myers point out: The dividend is fixed by the company's board of directors. The announcement states that payment will be made to all shareholders who are registered on a certain closing date. Later, about two weeks later, dividend checks are se nt to shareholders. Dividends can only be declared by the board of directors, which then has the authority to order the payment of a dividend. If the directors or board of directors decide to declare a dividend, they must take appropriate measures to pay the members at a certain date (Vandekerckhove, 2012). Aveo ltd profitability levels are high showing that investors can be attracted by the levels of profit that the company is having. Although attractiveness of a company can be measured using different yardsticks, profitability, liquidity and the companys general stability remains the key areas of focus for the investors outlook (Graham, n.d.). According to this approach, the shareholder's profitability in any period t is the sum of the dividend yield and the profitability accrued by the change in the value of the shares: so that the model does not establish any express priority between dividends and retention. This result has some logic, because the value of the company's asset is the current equivalent of free cash flow, discounted to the weighted average cost of capital, and neither of these two variables depends on the distribution policy (maintaining the presumption that the decision involves a trade-off between paid dividends and new capital) Nor does it pre-judge that both profits (dividends and capital gains) are strictly equivalent: in fact they are not, because the latter are subject to risk, hence a financial valuation and a discount rate with risk. Accordingly, in a first approximation the effect of the dividend policy on the value of the enterprise will depend on the future impact of the retained earnings: to the extent that the incremental result provided by the domestic reinvestment offsets the risk and the time (preference for liquidity), shareholders will be willing to waive their current dividends in exchange for future (incremental) dividends. Conclusion Aveo is a good company to invest in. It is clear, that the cash flow of the business, will be shared by the shareholders and the State. Then, the present value of what is left to the shareholder, would be the value of the company, or otherwise seen, Vu = E, where Vu is the value of a deleveraged company and E is the equity (Vandekerckhove, 2012). References Agarwal, Y. (2013). Capital Structure Decisions. Hoboken: Wiley. Bena, J. and Hanousek, J. (2006). Rent extraction by large shareholders: evidence using dividend policy in the Czech Republic. Prague: CERGE-EI. Brown, J., Liang, J. and Weisbenner, S. (2006). Executive financial incentives and payout policy. Washington, D.C.: Divisions of Research Statistics and Monetary Affairs, Federal Reserve Board. Brown, J., Liang, J. and Weisbenner, S. (2006). Executive financial incentives and payout policy. Washington, D.C.: Divisions of Research Statistics and Monetary Affairs, Federal Reserve Board. Chen, A. (2005). Research in finance. Amsterdam: Elsevier JAI, . Graham, B. (n.d.). The intelligent investor. New York: Collins. Martin, G. and Baker, H. (2013). Capital structure and corporate financing decisions. Hoboken, business-law.: Wiley. Miglo, A. (n.d.). Capital structure in the modern world. Vandekerckhove, W. (2012). Responsible investment in times of turmoil. Dordrecht [u.a.]: Springer