The problem was that the cap cost $500,000.00 to install and was recommended by government regulations. (West, 2010) This significant, because it show a track record of the company knowingly putting its overall bottom line before safety or the environment. When you consider the fact that the company is making $93 million a day, this shows a lack of ethics on the part of managers and the company itself. (West, 2010) The cost to install the cap was: a small short-term investment that the company could afford. However, because it would cut into their profit margins and was not required; meant that the company would knowingly leave it out of the design. This would allow the spill to become even worse, as engineers and scientists have been struggling for weeks to shut it down. Clearly, the lack of ethics that was used by executives from BP, during the years before the Deep Water Horizon explosion on April 20th would help to make the current oil spill worse. Where, managers and executives would knowingly violate various safety as well as environmental standards over the years. Evidence of this, can be seen with the fact that the company has paid over $520 million in fines during the last five years. This...
Current Events Medical-Marijuana On July 12, 2011 the Seattle city council took the first steps toward the regulation of medical-marijuana dispensaries within city limits. The city would require that "medical-marijuana operations get a city business license and comply with city land-use, fire safety, and other rules." (Martin) The state of Washington has had legalized medical-marijuana for 13 years, but the voter-approved law is scheduled to change on July 22, due to the
In fact 92% of the world's supply of opium comes from Afghanistan. The Taliban have tapped into this rich resource and it provides them with sufficient cash to pay their soldiers more than the Afghanistan government pays its own troops (Schmidt, 2010, p. 63). While he Taliban do not "mastermind" the opium trade, Schmidt explains, they do benefit financially from integrating their radical politics into the marketing of opium. In
Current Event Freeman, H. (2014, April 7). Chanel and Mulberry bag prices have soared -- but why? The Guardian http://www.theguardian.com/fashion/2014/apr/07/chanel-mulberry-bag-prices-designer-wealthy-fashion-russia-china-middle-east Freeman's article discusses with regard to how major retailers such as Chanel and Mulberry have directed their attention toward markets that initially seemed unprofitable. When considering the rising number of individuals expressing interest in handbags from the two companies, it would seem that the East has a strong word to say in
China's Intellectual Property Rights: Current Issues, Strategic Considerations And Problem Solving In this paper, the focus is primarily on the Intellectual Property Rights (IPR) that are given to individuals within the Republic of China. The paper starts off by defining IPR and the different ways that IPR is provided like copyright infringement. The paper them moves on to define IPR and its progression in China through the imperialistic years, the era
Duchin, Ozbas & Sensoy (2010) is to study "how shocks to the supply of external capital affect the real economy" (p. 419), using archival data from the 2007-08 recession. They use conventional models to study change within firms over time before and after the initial onset of the financial crisis, in a "differences-in-differences approach" (Duchin, Ozbas & Sensoy, 2010, p. 419) that compares firms' investment before and after the
Criminological Event Racism has always been a defining feature of the American criminal justice system, including racial profiling, disparities in arrests convictions and sentencing between minorities and whites, and in the use of the death penalty. Racial profiling against blacks, immigrants and minorities has always existed in the American criminal justice system, as has the belief that minorities in general and blacks in particular are always more likely to commit crimes.
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