Good and Evil on the Rails 3. Is the cost of positive train control justified by the likely safety gains for passengers? The cost of positive train control is not justified by the likely safety gains for passengers. The costs of positive train controls over 20 years were estimated at between $10 billion and $14 billion. The safety benefits for society were only $608 million to $931 million. Under either assumption the cost of controls was more than 15 times the benefit. There is also the fact
Free Safety Rail transport
Gilford Motor Co V S Horne(1933) Horne was appointed Managing Director Gilford Motor Co 6-year term. He appointed by a written agreement says he will not solicit customers for their own purposes and whether he is a general manager or after he left. In order to avoid the effect of the agreement‚ Horne left Gilford Motor Co. and started his own company. Johnson’s company provides car accessories of Gilford Motor Co’s car in a weaken price and the shareholder of Gilford Motor being his associate in
Premium Subsidiary Subsidiary Corporation
In Stevenson‚ Jacque & Co. v. McLean ‚ held that the initial communication was only asking for information‚ and it was not a counter-offer. There was no effort here to institute new clauses into the contract. As per above case‚ Palm Tree did not attempt to introduce new terms into the contract and it was a mere request for information not a counter-offer. Belton responded as an acknowledge receipt and packed twenty Fryers into its delivery truck for Palm Tree. Belton’s action was supported that
Premium Contract Contract
Midland Energy Resources Case Analysis Midland Energy Capital Planning Model • Fund significant overseas growth • As domestic natural resources dwindle‚ overseas investments are the main drivers of growth for Midland. These investments are analyzed and evaluated is US dollars (foreign cash flows are converted to US dollars) and have a US dollar discount rate applied to them. In 2006‚ 77.7% of Midland’s total earnings from equity affiliates came from non-US investments. • Invest in value creating
Premium Weighted average cost of capital Corporate finance Investment
Midland Energy Resources‚ Cost of Capital The case is about how Janet Mortensen‚ senior vice president of project finance for Midland Energy Resources‚ prepare her annual cost of capital estimates for midland and each of its three divisions for her company. Midland was a global energy company with operations in oil and gas exploration and production (E&P)‚ refining and marketing(R&M)‚ and petrochemicals. Estimates of cost of capital prepared by Mortensen were used in many analyses within
Premium Mathematics Weighted average cost of capital Investment
Introduction: Midland Energy Resources‚ Inc. is a global energy company with its operations in three divisions – Oil and gas exploration‚ Refining and Marketing and Petrochemicals. The company has been there for 120 years and in 2007 had more than 80‚000 employees. It has been a very profitable company with reported operating revenue of $248.5 billion and operating income of $42.2 billion in 2006. The primary goals of Midland’s financial strategy are to fund overseas growth‚ invest in value-creating
Premium Weighted average cost of capital Stock Finance
Blake versus Keats Although William Blake and John Keats have very different writing styles both poets use images of nature in their poems. Blake’s "Introduction"‚ from Songs of Innocence‚ uses simple language. Keats’ "Ode on Melancholy" is dramatic. Although both authors use nature in their poems‚ Keats provides emotional drama to nature‚ while Blake’s references to nature are very simple and unclear. The nature imagery in Blake’s "Introduction" is that nature is wild and unpredictable. The
Premium Webster's Dictionary Poetry Dictionary
bidding in auctions (Hirby). In the case of Entores v Miles Far East Co‚ the courts held that the offer and the acceptance can be delivered via cyber communication such as telex instead of writing or face-to face methods. The formation of an contract generates as the acceptance is received. Therefore an electronic contract may be formed via emails‚ as long as all the necessary elements of a standard contract are established (Hill 2001). Postal
Premium Contract Contract law Contractual term
In a case Wagenheim v. Alexander Grant & Co the court ruled that Alexander Grant improperly divulged confidential information about their client‚ Consolidata Data Services‚ to other clients. Consolidata Data Services‚ an audit client of Alexander Grant performed payroll services for
Premium Finance Accountant Management
[pic] | CONTROL RAIL COMPONENTS Name: Control oil drain plug 41 (3.68) Location: Inside rail box aft side. Use: To drain the aft part if the control rail | | |[pic] | | | | | |
Premium Valve Plumbing Leak