Friday, December 27, 2019
Why we shouldnt use oil as major source of energy Essays
No. We should not continue using oil as the major source of energy. ------- Student ID: ------ 1st year, --- Professor --------- Workshop 1 class EE July 2, 2014 For the past several decades we have been relying on oil as our major source of energy. It is oil that driven the industrial revolution and turn the global economy into what it is right now. However, the increasing rate of our reliance and hunger for oil has been causing us devastating problems so awful that we canââ¬â¢t afford to ignore it anymore. It is a fact that the global oil reserve wonââ¬â¢t run dry in either today or tomorrow but we are running out of supply. I believe that oil should not be the only major source of energy because of the following reasons, first, theâ⬠¦show more contentâ⬠¦Other than the price that our global economy has to pay, who is next in line? Mother Nature is. Every time we talk about oil and/or energy, environment is one aspect to consider. As we know, whenever oil is recovered from the ocean floor by the off-shore drilling rig, not only its oil that burst out of the Earthââ¬â¢s crust, but other chemicals and toxic substances burst ou t too. Chemicals such as, mercury, lead and arsenic. Which are often mixed with ocean and harms the marine habitat around the oil rig. In addition, seismic waves that are being used to locate oil can harm sea mammals and disorient whales. For example, ExxonMobil recently had to suspend exploration efforts near Madagascar after more than 100 whales beached themselves.( The worlds worst offshore oil rig disasters, Also, human error does exist, mistakes do happen. How of often do we hear news that there was an oil spill, exploding rigs, and other oil spill related news? It is a fact that these mistakes are hazardous to not only global economy or environment but human lives also. The Piper Alpha disaster in the North Sea, UK, which killed 167 people in July 1988, is the deadliest offshore oil rig accident in history. Discovered in 1973 and brought on stream in 1976, Piper Alpha was one of the biggest offshore oil platforms in the UK producing more than 300,000 barrels of crude a dayShow MoreRelatedThe World Is On The Verge Of A Crisis1691 Words à |à 7 Pagessuch as coal and natural gas is hurting the Earth. Each day we spew millions of tons of carbon dioxide in the air, and that is trapping the heat from the sun and destroying our atmosphere. World leaders are pushing for more efficient and less carbon dioxide emitting energy. Green energy is a field that the world is trying to develop as well as invest more into. As we have progressed through the 20th and 21st century, many more green energy generators have been built, whether it may be wind, solar orRead MoreThe Worlds Oceans Make Up 71 % Of T 1306 Words à |à 6 Pages The worldââ¬â¢s oceans make up 71% of the Earthââ¬â¢s surface (NOAA-National Oceanic and Atmospheric Administration) and is home to over 1 million known species of plants and animals, and scientist say there may be as many as 9 million species we havenââ¬â¢t discovered yet (school.discoveryeducation.com) Humans effect the ecosystem by agricultural, industrial, and household waste. (Ecosystems. BBC News. BBC,). In turn this pollutes the waters of our oceans and all forms of life ranging from giant humpbackRead MoreThe Government and Alternative Energy Essay1205 Words à |à 5 Pagescontaminated by the fuels we use and the green house gases they emit. This damage can never be reversed and will continue to harm our planet; however there are many systems of alternative energy that could be implemented in order to reduce this damage. This is why I believe that our government should endorse alternative energy and set regulations in order to promote the use of alternative energy. Wind energy is a current source for alternative energy. Current applications of wind energy are giant wind turbinesRead MoreGlobal Warming and Alternative Energy Sources Research Paper2061 Words à |à 9 PagesWarming and Alternative Energy People are inflicting major damage to the Earths environment, and if we dont do anything to stop the destruction soon, the results could be devastating. Most people know about global warming and think it may be a serious problem in the future. What most people dont understand is that global warming is happening now, and we are already feeling some of its destructive power. Because of the dangerous effects of global warming, alternative energy sources need to be aggressivelyRead MoreClimate Change: We Need a Carbon Tax1188 Words à |à 5 Pages People do not realize how much the environment has changed for the worse in the last ten years, until they are told that the last two decades of the 20th century have been the hottest in the last 400 years, according to climate studies (Conserve Energy Future). Today the carbon dioxide levels have reached 396.81 parts per million (ppm). ââ¬Å"Carbon dioxide (CO2) has also increased over the last 100 years-- from about 300 ppm to 370 ppm. Int erestingly, the majority of these additions have occurred inRead MoreLegalizing Marijuana1592 Words à |à 7 Pagess responsibility to disobey unjust laws. Martin Luther King Jr. Many people ask ââ¬Å"why should marijuana be legalizedâ⬠? when the real question that we should be asking is ââ¬Å"why shouldnââ¬â¢t marijuana be legalizedâ⬠?. Marijuana also known as hemp is a naturally grown plant that has been around for decades dating back to around 2697 B.C., when the Egyptians would use it to cure many common ailments, and the Chinese would use it for therapeutics. Using marijuana not only to cure common illnesses but for yourRead MoreChildhood Obesity in America Essay1691 Words à |à 7 Pages Statistics show that 30.7 % of Caucasian children, 30% of African American Children, and 37.9 % of Mexican American children are overweight ââ¬Å"(Overweight)â⬠. Those statistics are just for children in America if we included stats from other parts of the world it woul d be worse. The source of these statistics is an article called ââ¬Å"Overweight in Children,â⬠which was found on Americanheart.org. A couple of articles that will be used to back up the thesis will be coming from the Mercury Reader. ToRead MoreGlobal Warming And The Environment1678 Words à |à 7 Pageswarming because of the exhaust the cars omit. Producing more products at factories also leads to climate change because of the carbon dioxide released from the production process. Another example of a greenhouse gas is methane gas. One of the biggest sources of methane gas is from cows who release it when digesting. According to Leslie Kaufman, methane gas has ââ¬Å"20 times the heat-trapping abilityâ⬠and that the average cow expels ââ¬Å"200 to 400 pounds of methane a yearâ⬠(A12). This adds up very quickly consideringRead More America Does NOT Need to Drill in the Arctic National Wildlife Refuge5388 Words à |à 22 PagesThesis: If the United States is going to choose to conserve energy responsibly, then our governments energies should not be focused on developing oil in the ANWR, but rather on the topics of conservation through higher fuel efficiency standards in vehicles and by developing alternative energy sources. Conservation, fuel efficiency and alternative energy sources are the solutions that will lead us to a long term and sustainable energy future. I. Introduction The Arctic National Wildlife RefugeRead MoreThe World Should Be Mandatory2356 Words à |à 10 Pagesproductive use. Recycling throughout the world should be mandatory in order to cut down on landfill buildup and prevent the planet from being covered in waste. When we scrape off our dishes after a large meal, to full to finish the remaining scraps on our plate, we rarely pause and think about the significance of our action. Doing so, it seems routine to us if we have left over food scraps that are unfit to be eaten, shouldnââ¬â¢t they be thrown in the garbage? The problem is bigger than we think or anticipate
Thursday, December 19, 2019
Nazi Seizure of Power Essay - 890 Words
In The Nazi Seizure of Power by William Sheridan Allen, the author is able to show the reader the support building strategy used by the Nazi party in Northeim and surrounding areas. Allens thesis is that Nazi party was able to succeed the village of Northeim and else where because they were able to reach out the lower and middle class. Since these classes held the majority of the population, the Nazi party discovered what they wanted from government officials and then used that to persuade these classes to vote for them. To give you a background of the village of Northeim is vital to the understanding of how this party could have come in and take over the political scene so quickly. Northeim was a small town that was placed in theâ⬠¦show more contentâ⬠¦From the class breakdown you could see how the Nazi party could be so successful. With the classes set you then begin to see the emergence of the political parties. Many Northeimers of the working class, usually the lower class and lower middle class, were members Social Democratic party, Sozialdemokratische Partei Deutchlands, or the SPD. The party and its members were Leftist in every way you can think. This party was made up of people from all different working class organizations. Some examples of these organizations were the Workers Funeral Savings Association or the Householders Consumers Cooperative. This ideology gave Northeim training for a democracy and became a way of life for the working class. If you were not apart of the Socialist then you were a Rightist. It was this small group of people that, at the close of the 1920s, would give the Nazi and Nationalist party its greatest support. Throughout the course of the early 1930s, the Nazi political party began to really rally support in the town of Northeim. At the end of the 1920s the Nazi party only received 123 votes but in 1932 the numbers had climbed to 4200 votes. The Nazi party was great at focusing in on those who were feeling that the Socialist Democratic parties were not reaching them. These citizens of the lower class and the middle class seem to drift more towards the Nazi party because of what they had to offer. The citizens seem to feel that with thisShow MoreRelatedThe Nazi Seizure Of Power By William Sheridan Allen1519 Words à |à 7 PagesIn The Nazi Seizure of Power by William Sheridan Allen, the author portrays the power gaining and support building strategies, used by the Nazi party, by focusing on the small German village of Northeim. This gives the reader a more focused example to see how small towns/villages were locally affected. Allen s thesis is that the Nazi party was able to take cont rol over small towns and villages like Northeim because they were able to reach out to the lower and middle class. These classes took upRead Moreââ¬ËNazi Consolidation of Power in 1933 Was Primarily Due to the Use of Terror and Violence.ââ¬â¢ How Far Do You Agree with This Judgement?1537 Words à |à 7 Pagesââ¬ËNazi consolidation of power in 1933 was primarily due to the use of terror and violence.ââ¬â¢ How far do you agree with this judgement? The Nazi Partyââ¬â¢s rise was to an extent due to the use of terror and violence, however there were limitations with this as the party was not strong enough to exert this. Their consolidation of power in 1933 was also enabled by their means of legality, and Hitler becoming Chancellor in January 1933. This rise to power was viable due to numerous factors; Hitlerââ¬â¢s ownRead MoreEssay about Nazi Politics: A Work of Art1315 Words à |à 6 Pagesunder Adolf Hitler. Hitler and the Nazi Party essentially turned politics into an art by using, and indeed abusing, power to benefit themselves in any possible way. Hitler sought perfection in his regime and attempted to achieve it through organization and assimilation of the volk, dealing swiftly and affectively with opposition, thus not allowing alternatives to the regime, and by emphasizing discipline and a chain of command. Through Hitler and the Nazi Partys efforts, politics in the ThirdRead MoreThe Tragedy Of Rudolph Hess Ess ay1161 Words à |à 5 Pagesbecame one of many pillars of the Nazi party. . During schooling he met Adolf Hitler at a meeting of society devoted to the study of Nordic myths and legends. Rudolphs powers were undermined as Hitler was being surrounded by Nazis trying to gain personal power as Hessââ¬â¢ main purpose was to serve the Fuhrer which lacked his will to strive for his own power and lost out on his subordinate and eventual successor, which eventually drove Hitler away from him. Hess joined the Nazi party in July 1, 1920 becomingRead MoreAdolf Hitler And Hitler s Power1421 Words à |à 6 Pages Chancellor Adolf Hitler of Nazi Germany and Prime Minister Benito Mussolini of Italy Andrew Chen 6 February 2017 Period 4 Chen 2 Both Benito Mussolini and Adolf Hitler had the same burning, profound desire for their nations to become well-respected and invincible superpowers of the world. As a matter of fact, Hitler respected and admired Mussolini; Hitler was influenced heavily by Mussolini, in fact, he looked upon Mussoliniââ¬â¢s work and imitated him, while adding his own personal styleRead MoreNazi Consolidation of Power in 1933 Was Primarily Due to the Use of Terror and Violance. How Far Do You Agree with This Judgement?1716 Words à |à 7 PagesIt is to an certain extent that Nazi consolidation of power in 1933 was due to the use of terror and violence. However the terror and violence was very limited because the Nazis werenââ¬â¢t in a strong enough position to exert terror and violence alone. Nazi propaganda against the communists made most Germans fearful of Communism therefore allowing Nazis to consolidate a bit more power through means of terror. On the other hand the Nazi partyââ¬â¢s policy of legality and the threat of communism are to aRead MoreWorld War Two Was the Result of the Aggression and Ambition of Adolf Hitler and the Nazi Party991 Words à |à 4 PagesAggression and Ambition of Adolf Hitler and the Nazi Party The causes of the Second World War at bottom relate to the rise of distinction of two powers and the relative decline of another. Those that rise to distinction were Germany and Japan that - Which declined was Britain. Germany and Japanonce that were ultimately prepared were now ready to alter the power structures in there perspective areas by force. Adolf Hitler and the Nazi ideologies were fascists or the more generalisedRead MoreThe Importance of Archaeology1232 Words à |à 5 Pagesthe study of historical and prehistorcial civilizations through the recovery and analysis of their materials culture. Moreover, it contains the study of human activity in the past. It has been often put to political use. In time of Adolf Hitler the Nazi Leader, archeology was unlikely special interest. The importance of Archeology was used by its leader to make his case that Germany had every right to invade surrounding countries. They used nationalism and the archeology itself to maintain and rationalizeRead MoreThe Collapse Of The Weimar Republic1659 Words à |à 7 Pagesperfect democratic country [and] looked like the perfect democracy, but it had [several] weaknesses....â⬠The Weimar Republic faced many problems. Perhaps the greatest danger was that the constitution gave the President, the states and the army too much power, while proportional voting meant that the Reichstag was divided and weak. In 1919-1923, extremists on both the Left (especially the Spartacist revolt) and the Right (especially the Kapp Putsch) tried to overthrow the government. The worst crisis occurredRead MorePropaganda: Hitlers Path to Power Essay1472 Words à |à 6 PagesBy looking at In the Garden of Beasts we can see that Hitler and the Nazi Regime successfully used propaganda and deception to gain power in Germany. This is important because propaganda is widely used to manipulate others into supporting oneââ¬â¢s ideas while deceiving them from the truth. Before World War II Hitler successfully implemented tactics through propaganda to secure his position as the next German Chancellor. Without using propaganda to increase his popularity Hitler would not have been
Wednesday, December 11, 2019
Address the Following Products from Three Different Organizations
Question: Discuss Following Products from Three Different Organizations? Answer: Introduction The following report will address the following products from three different organizations in the mobile phone industry. Techno- Phantom 6 Infinix- Hot 4 Lite Apple- Apple iPhone 6S Positioning Techno positions its product as a lifestyle product that can also be used for businesses purposes. This is because the product has been manufactured in a way that it can store a lot of data. At the same time, it is presented in the market as an entertainment device (Technomobile, 2017). Infinix positions its product as a product hat connects the society and makes the work of the user easy regarding storing important information (Infinixphone.org, 2016). Apple positions its device as a multipurpose product. The phone can handle a lot of information, and it is efficient for storing data (Walmart, 2016). Gaps Price The three products have different prices despite them having specifications that are almost the same. Specifications Looking at the three products, one would realize that they are different in numerous ways when it comes to their performances and the inbuilt apps. Market presence The availability of Apple products in the market is not the same compared to that of other companies and vice versa. Marketing strategy The three organizations will need to look into different marketing strategies. Some of the strategies can be utilizing the social media, knowing the taste of the customers, giving offers to the customers, utilizing their websites and carrying out intense promotions. Marketing metrics The two metrics that will be focused in the case of the three organizations will be customer retention metrics and total conversations. The metrics are important because they will help the organizations know how far they have gone as far as marketing their products and convincing the customers are concerned (DeMers, 2014) References DeMers, J. (2014, August 15). 10 Online Metrics you need to be Measuring. Retrieved May 3, 2017, from Forbes: https://www.forbes.com/sites/jaysondemers/2014/08/15/10-online-marketing-metrics-you-need-to-be-measuring/#528d73a876c1 Infinixphone.org. (2016). Infinix Mobile Phone Reviews, Prices, and Specs. Retrieved May 3, 2017, from Voice: https://infinixphones.org/ Technomobile. (2017). Technomobile. Retrieved May 3, 2017, from Technomobile: https://www.tecno-mobile.com/ Walmart. (2016). Apple iPhone 6S 16GB. Retrieved May 3, 2017, from Walmart: https://www.walmart.com/ip/Apple-iPhone-6S-16GB/47090650?wmlspartner=wmtlabsadid=22222222222035910120wmlspartner=wmtlabswl0=ewl1=owl2=cwl3=10354590355wl4=kwd-1103062780802wl12=47090650_0wl14=http%3A%2F%2Fwww.walmartveh=sem
Tuesday, December 3, 2019
Oppression From Male Dominance Essays - The Awakening, Edna
Oppression From Male Dominance ENC1102-Currin Paper #3 Oppression from Male Dominance The Awakening by Kate Chopin is a novel that focuses on a female heroine. Unlike many female heroines, Edna Pontellier does not allow her life to be surrounded by male control. Many novels of this time allow a female to be the main character but ultimately the men that surround her decide upon her fate. Rebecca Dickson wrote ?With Mrs. Pontellier, Chopin rejects assessing women according to their sexual status (38).? Chopin's novel focuses on the ?awakening? of Edna Pontellier from oppression from male dominance. Edna Pontellier was a victim of male dominance from an early age. Her father, a colonel, was the head of her household throughout childhood. It is obvious that he made a majority of the decisions for Edna and her mother. As a child, Edna was unable to visualize a life without this oppression. It was normal, a way of life. Edna's ?awakening? begins in her early adulthood. When she decides to marry Leonce, her father disapproves. By marrying Leonce against his wishes, she begins to break from this oppression. Little does she know that this is only a taste of what is yet to come. Edna is able to settle with Mr. Pontellier for a while before her need for freedom strikes again. She lets Leonce work while she had the children and maintains the household. While on vacation for the summer, she starts to ?awaken? again. She begins to stop following her husband's orders. For example, Edna refuses to come inside when Leonce asks her to. He gives many reasons for her to come inside (temperature, insects) but she kindly refuses. Then, when he decides to join her outside, she goes into the house (30-31). ?Edna began to feel like one who awakens gradually out of a dream, a delicious, grotesque, impossible dream, to feel again the realities pressing into her soul (31-32).? Chopin uses this passage to convey how Edna is feeling. She is getting a second taste of breaking from this male dominance oppression that surrounds her. The reader is left with the impression that Edna now understands what she wants. This ?awakening? is the initial clue given to the reader that the men that surround her will no longer oppress Edna. Once the summer comes to a close, Edna's ?awakening? is in full bloom. She liberates herself financially by starting to paint. Leonce sees this change in her behavior but knows that there is nothing he can do to change it. When he leaves for business, Edna goes so far as to move out of their house. She informs Leonce in letter which does not ask for his permission, but simply states what her plans are and that he can be sure that she will follow through with them. The oppression that she once felt form her husband is now shattered. She has stepped up toward liberation from his male dominance, which has now controlled her life for so many years. Barbara C. Ewell wrote ?Edna's central insistence on her ?own way? exposes intolerable constrictions on southern places for women (35).? As Edna is breaking away from the male control of her husband, she is also entering the possibility of more male dominance from Robert. As she is also setting herself up for the possibility that the whole cycle may repeat. While Robert is gone, Edna is able to keep breaking away from male dominance by wanting to be with him. She fantasizes how she could be with Robert and not her husband, which draws into the central part of the story, her ?awakening? from this oppression. When Robert returns, though, she makes it quite known that he will not control her either. Edna and Robert are talking in their second meeting (at the coffee house) about why Robert never made any effort to see or write Edna. His justification is that she is still ?owned? by Leonce. She makes him aware of her new found liberation by stating, ?You have been a very, very foolish boy, wasting your time dreaming of impossible things when you speak of Mr. Pontellier setting me free! I am no longer one of Mr. Pontellier's possessions to dispose of or not. I give myself
Wednesday, November 27, 2019
Best Off-Campus Job Options
Best Off-Campus Job Options Its no secret that most college students work during their time in school because they have to, because they want to, or because they both want and have to. And while working on campus has some obvious benefits, working off-campus can be downright amazing. If youre thinking of working off-campus during your time in college, check out any of the following options: Coffee Shop It sounds so simple, but working in a coffee shop can be great for college students. It keeps you busy; youll meet a lot of people; youll likely get discounted, if not downright free, coffee; you can earn tips; and youll learn a skill that will transfer to wherever you live next. Additionally, some major chains offer benefits for part-time workers, which can be a serious bonus during your time in school. Wait Staff at a Nice Restaurant If youre going to wait tables, do your best to find a really nice restaurant. Your tips will be higher, your boss will likely be more experienced, and the little things like air conditioning during the summer will all add up to a nice work experience. Retail Retail can be great for college students, especially if you work at a major chain. The skills and training you receive in your college town, for example, will make you highly appealing to similar stores back in your hometown. Additionally, any discounts you receive on clothing or other items can come in extremely handy. Lastly, because retail stores are often open in the evenings and on weekends, you might be better able to find shifts that accommodate your class schedule than if you worked in a traditional, 9-5 office. Entry-level Administration Dont sell yourself short; even a semester of college might put you ahead of other administrators who dont have any college experience. Consider looking for entry-level administrative jobs that can help you build a resume and some important skills during your time in college. Ideally, when you do graduate, youll then have both the experience and the formal education to skip past entry-level jobs. In a Field Youre Interested In If youre extremely interested in a certain industry, try finding a job you can get during your time in school thats still in the field. True, you likely wont be able to start at the level youre hoping to after you graduate, but working in your desired field can help you confirm that youre aiming for the right place. (Additionally, any connections you make can help you once you do start looking for more advanced work.) In a Non-profit Non-profits can be amazing places to work because they offer so much. In addition to helping communities and individuals, non-profits offer some great benefits to their employees, too. Because most non-profits are small and/or understaffed, you can learn a lot of skills through just one job. You might do a bit of marketing, some community work, some financial management, and some supervision of projects and other people. Consequently, what seems like a small non-profit job just might end up being a huge opportunity for you to learn all kinds of skills. Any Job with Benefits Lets be honest; it can be hard to coordinate benefits like health insurance, retirement plans, and even tuition payments during your time in school. If youre lucky enough to find an off-campus job that offers these benefits (tuition reimbursement, anyone?!), leap on it. While you may not see the actual money behind these benefits in your paycheck, youll undoubtedly feel their advantages during your time in school. Any Job that Provides Housing Fortunately, there are some pretty great off-campus gigs out there that also provide housing. Being an apartment manager, for example, can be a great option during your time in school if you can great free or reduced-cost rent as part of your paycheck. Being a nanny, too, might also be an option, as long as your family is understanding and flexibly about your college commitments. Any Job Online Working off campus doesnt necessarily have to mean working in a traditional brick-and-mortar place. If you can find a job working online, youll have no commuting costs. Some online jobs offer flexible schedules while others require you to be available during specific days and times. Finding something that works for you can be key and a great way to experience an off-campus job without the traditional drawbacks. Any Job at a Place You Want to Work After Graduating Getting your foot in the door in an entry-level job still counts as getting your foot in the door. And while everyone has their dream job, most people also have their dream place to work. If you know where youd absolutely love to work after you graduate, see if you can get a job - any job - there during your time in school. You can meet people, build your reputation, and network in a way that youd never be able to do from the outside. And all of this will, of course, come in handy once you toss your graduation cap and are looking for full-time work away from campus.
Saturday, November 23, 2019
Biology - Human Story essays
Biology - Human Story essays 1) Using appropriate example define what is a species? A species can be defined by particular structural features. Humans are species of primate mammals. They share the characteristics of this group of animals. Species can also be defined as a group of organisms that can interbreed to produce fertile offspring. 2) Give few characteristics that classify humans as Primates: Well-developed brain, well-developed eye sight, eyes forward in the face and stereo-scopic binocular vision, nose is shortened and sense of smell is reduced, thumb is opposable , flat nails (rather then claws), tendency to have single offspring births. Hominids: Brain size relative to body size is bigger than other primates, striding bipedal upright gait (human walk upright in 2 legs) adaptations for bipedalism include the location of the foramen magnum, the shape of the pelvis, the curvature of the spine, a knee that can withstand greater stress, ankles that are modified to support body weight, a foot arch that works as a shock absorber and toes that are shorter than the apes. Mammals: Fur or hair, milk-producing glands, three bones in the middle ear, specialized dentition (teeth), most mammals give birth to live young, four chambered heart. Chordate: Notochord, pharyngeal slits (gill slits), hollow dorsal nerve cord. 3) Outline features that classify human as Hominids: A prominent nose as shown by the raised bone surfaces around the nasal opening and by the bony spine at the centre of the openings base. The bone of the lower jaw is thin and may have a chin. Hominins: Striding bipedal upright gait, adaptation for bipedalism include the location of the foramen magnum, the she of the pelvis, the curvature of the spine. 4) Using one technology advances explain how there is a change in opinions of scientists about classification of primates? ...
Thursday, November 21, 2019
Berkshire Hathaway Case Research Paper Example | Topics and Well Written Essays - 1000 words
Berkshire Hathaway Case - Research Paper Example As a result of this strategy, Berkshire Hathaway currently owns a diverse range of business organizations including home furnishings, retail, jewelry sales, uniforms sales, confectionary, and manufacturing of vacuum cleaners. As stated in the annual report (Berkshire Hathaway 2011 annual report, 2011), recently, on 12th February 2010, Berkshire Hathaway completed the acquisition of BNSF by purchasing the remaining 77.5% of BNSF common stock, and currently, BNSF is a wholly owned subsidiary of Berkshire Hathaway Inc. This paper will analyze the reasons for the BNSF acquisition and the principles relating to the finance course. BNSF acquisition The BNSF is North Americaââ¬â¢s ââ¬Ësecond largest freight railroad networkââ¬â¢ and one of the seven Class I railroads (BNSF Railway, n.d.). On 3rd November 2009, Berkshire Hathaway announced that the company would acquire BNSFââ¬â¢s remaining 77.4% stocks that Berkshire Hathaway had not owned at that time. This deal was estimated a t $44 billion, making it the largest acquisition in the history of the Berkshire Hathaway. Buffett ââ¬Å"agreed to buy Burlington for $34 billion or 100 a shareâ⬠and ââ¬Å"is also taking on about $10 billion of Burlington debtâ⬠(Morcroft & Barr, 2009). ... Referring to corporate press releases, the company is currently one of the North Americaââ¬â¢s leading intermodal freight transporters. In the context of the current economic environment, Buffet believes that this acquisition would contribute to the future growth of the company. He says that ââ¬Å"our countryââ¬â¢s future prosperity depends on its having an efficient and well-maintained rail system;â⬠he adds that ââ¬Å"conversely, America must grow and prosper for railroads to do wellâ⬠(BNSF, Berkshire Hathaway Inc, n.d.). Buffettââ¬â¢s observation is based on the common fact that infrastructure development is a key element of an economyââ¬â¢s overall development. As Morcroft and Barr (2009) point out, through this acquisition, Buffett has invested in a business which is highly sensitive to a possible economic recovery in the United States. It is clear that the US has not yet completely recovered from the shock of the recent global recession. In this economi c environment, railway transportation can be an area that would promote its operations despite the impacts of the recession. Economists predict that BNSF would perform better and contribute to the expansion of Berkshire Hathaway once the economy is recovered. Some recent reports justify the decision of Warren Buffett. In November 2012, the Berkshire Hathaway announced its third quarter operating results. As per the company reports (as cited in Miller, 2012), a combined total of revenues of three segments (railroad, utilities, and energy) increased by 7.5% and reached $8.4 billion as compared to the same period a year ago; the report also indicates that BNSF contributed nearly 63% to this combined
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