Cash Management Essay Example for Free

Cash Management Essay Cash management techniques are an important part of managing finances. It is impossible to see your money grow if there are not methods in place to make the most of the money that you have. A good start to cash management is budgeting, which is the process of tracking money in and out to get a better idea of how money is really being spent. A budget identifies where the money is going and where adjustments can be made to decrease expenses or increase revenue. Along with budgeting, it is important to track expenses in order to know how much money is being spent. Expenses can be divided into categories such as office supplies, rent and utilities. Once you have the expenses clearly laid out ways to decrease the expenses can be found which will allow the company to save money. One easy way to save on office supplies is to buy in bulk or buy direct from a distributer. This will get you a lower price for the items then at retail store and can help save money. Another example is with companies that have vehicles. Gas companies offer discount cards which could be used with all their purchases to save money. Additionally, companies that operate fleets of vehicles may benefit from contracting with a gas supplier to get their gas at a greatly discounted rate. Investing is a great way to make your money generate more funds. This can be done by investing the money in various ways to allow it to generate interest. The more money you invest or the higher yield accounts that the money is in the more you will get in return. For individuals, investing in a 401(K) plan at work is a great way to save money for the future. This money can be deducted directly from the paycheck before it is received and invested into the account. Some companies will even match the money that is deposited into the account or match a percentage of the money. This helps the account grow even more. Having the money deducted from the paycheck before it is received is helpful because that money isn’t missed. It was taken out before the check was received and doesn’t have to be calculated into a family’s budget. Companies can invest their money into bonds which will generate interest and return for the company. Additionally, they could invest it in the stock market or other markets and savings accounts where they can get a return for the money. This helps the companies increase their cash and their wealth. In addition to investing, companies need to make sure they are collecting on accounts. When they have accounts that are past due, companies are losing money and this money needs to be regained. The accounting department of a company needs to keep close watch on the accounts and identify the ones that are not being paid. These accounts need to be collected in order to minimize the loss of income for the company. Lines of credit are necessary when there is a decrease in cash flow. This could be due to a slow month with a decrease in revenue or income as well as an increase in expenses. Companies and individuals need a way to cover expenses when the cash is limited. Credit plays an important role at this point. For the individual there are credit cards and home equity loans to help cover expenses when the cash isn’t available. These options however should be used sparingly as it is best not to use credit and credit can be maxed out if an individual is spending more than their income. Companies can use lines of credit to help cover additional expenses or regular expenses when cash flow is limited. One example of credit used by a company is a short term loan. This can provide the business with extra liquid cash that they can use to make ends meet at the time and will have to be paid back in the following months. Like with the individual, if a company is using loans frequently they will find themselves in debt and unable to repay it. At this point the company needs to reevaluate the structure of the company and identify ways to decrease their expenses. Generating additional income is important because you want to maximize the amount of money being brought in while minimizing the money going out. The individual person can maximize the money coming in by working extra hours at work or getting a second job. If a person has a unique skill they can market themselves in their free time to make money from that skill such as sewing or construction. Companies can generate more income by increasing marketing campaigns or expanding into new sales markets to generate more money in return.

Impact of Ash Cloud on British Airways

Impact of Ash Cloud on British Airways INTRODUCTION Purpose: The purpose of this project was to analyse a current issue that has affected the current hospitality industry drastically. In the recent scenario, natural disaster has been seen to put a major impact on major hospitality industry .The main purpose of the task was to choose a situation of unavoidable circumstances, which could be either terrorism or natural calamity, that organisations have faced recently, and provide a solution of the situation recently faced. Scope: While investigating the current scenario, it was important to focus on the operation and functions of the company and how these operations got affected due these particular circumstances Method: The method used in this task, was through information gathered, mainly from the secondary sources such as business magazines and articles and some old news papers. Secondary sources came out to be very helpful in gathering the customer reviews and staff reviews who were affected by these circumstances Limitation: As every project work has some limitation. As an author, it would be imperative to mention the limitation of this task .The main limitation of the task was relying only on the secondary sources of the information as primary sources were meant to be more confidential by the company. I would consider this as a limitation as it is a belief that secondary sources always have some differences with the primary one. LITERATURE REVIEW By Peter Apps LONDON | Fri Apr 16, 2010 7:58pm EDT European fuel cost of jet marked degree of difference to ICE-traded gas oil contract went down to $ 0.50 on Thursday and $ 48 a metric ton on Friday. But forecasters said the enduring price effect would be least once flights recommence; most of the airline purchase is done through long-standing contracts. European gas, oil, gas electricity production is unexpected to be affected. Some PLANES FROM THE OIL RIGS COMMENCED ,BUT THE SOURCES SAID THAT THE IMPACT OF SOLAR POWER WOULD BE MORE RATHER THAN THE CLOUDS THAT ARE PASSING BY.ACCORDING SOURCES OF THE WIND INDUSTRY SAID THAT COLD DUST WOULD NOT CREATE PROBLEM FOR THE WIND TURBINES  · IMPACT ON HELTH World Health Organization warned the ash could create problems for them, who have breathing difficulties, though it did not still had assessed this sort of specific eruption. A respiratory disease Scottish expert said to Reuters that the less poisonous DUST THOSE WER DRIFTING AROUND UK WAS LESS LIKELY TO DO ANY BIG HARM BECAUSE TO HARM PEOPLE ,THE QUANTITY SHOULD BE EXTRA AGRICULTURAL AND CLIMATE IMPACT Scientists SAID THAT THIS ERUPTION DID NOT SEEM TO HAVE CREATED ANY MASSIVE DUST THAT WOULD IMPACT PEOPLE OR FARMING,BUT THEY WER BIT CONCERNED THAT A BIGGER ERUPTION FROM KATLA VOLCANOE WOULD BE DIFFERENT THING ALTOGETHER By Andrew Torchia) By Andrew Torchia) Near about 17,000 planes were LIKELY to be STOPPED FROM FLYING on Friday, with airdromes clogged across much of subcontinent. Shares in airlines fell between 2 to 4 percent. Ryanair said it may cancel planes to and from north European countries till GMT 1200 on Monday. The interruption is costing air industry in excess of $200 million a day, (Fraport AG), that operates Germanys major airport in Frankfurt, states its primary estimate was for the dust ash to incur it between 2.5 to 3 million Euros a day. Icelands position means the flare-up could prompt broader disturbances to international aeroplanes. Iceland falls in the right on one of the crucial routes between USA and the Europe and as per meteorological circumstances it might also affect aeroplanes from Europe to Asia, thats why there are 2 big global flows which might be affected by this, as said by John Strickland, who is director of consultancy of air transport( JLS Consulting). There could be still disturbances to other planes or might have to go for more indirect routes, which increases costs and maybe even require flights to land as it would not be possible to go through direct route. ALTERNATIVE TRANSPORTS Eurostar, that runs from London to other European continent, said railways were running at full capacity and it may lay extra trains if required. A taxi company of London Addison Lee said it took requests for travels to European cities Milan, Paris, Salzburg, Zurich and in Austria. IMPACT ON AIR CARGO Landed CARGO PLANES HAD TO STOP DELIVERY of stuffs such as microchips, vegetation and mails. Europes major express delivery dfirm Deutsche said it had to switch to roadways wherever it was possible. Clicking to sea cargoes would be an alternative for longer deliveries, though not for less life items such as flowers, but ship forecasters said it would probably take more days before companies started booking again by marine. Pharmaceutical equipment in particular is frequently transported by airway, but specialist forecasters said there were plenty stocks, therefore there should be no bigger shortages for that time. ENERGY JBC Energys replica for Europe jet fuel utilization puts daily expenditure at 1.17 million barrels in a day, so presuming an approximate 80 percent of Europes aerodromes were close for 48 hours, the interruption would have cut 1.87 mn barrels in demand Some demands may just vanish and those who have to fly will ultimately fly, but there will certainly be some planes that just dont take place, as said by JBC Energy fuel forecaster David Wech. european oil prices of jet went dowm from $48 to $50.50 on thursday ,but the analyst told that future impact would only be less and as soon as the fligths will resume ,it will do fast recovery. ACCORDING TO THE SOURCES FULES AND GAS PRICES WERE LESS LIKELY TO SUFFER.ALSO THE SOURCES SAID THAT SMALL HELICOPTERS COMING AND GOING FROM THE OIL RIGS ALSO COMMENCED IMPACT ON INSURANCE Airlines are believed to have less recourse to insurance companies. Most of the airlines are nor insured next to cancellations nor commerce trouble at aerodromes. Munich Re said it might offer cessation insurance to air companies if essential. Till now there hasnt been any demand in market, as said by a spokeswoman.Perhaps that will change at this time. http://www.reuters.com/article/idUSTRE63F65A20100416?feedType=RSSsp=true Iceland volcano Ash cloud: airline passengers face further misery    Image  1  of  5 The cloud has caused massive disruption to European airspace.  Photo: AP Iceland volcano Ash cloud: airline passengers face further misery    Image  1  of  5 Passengers face further disruption as airlines struggled to change flight plans.  Photo: AFP/GETTY Iceland volcano Ash cloud: airline passengers face further misery    Image  1  of  5 They receieved good news, however, after the High Court outlawed further strikes by BA workers.  Photo: AP Iceland volcano Ash cloud: airline passengers face further misery    Image  1  of  5 The airline has been hit by the wave of industrial action.  Photo: PA By Andrew Hough, David Millward and Caroline Gammell 8:15AM BST 18 May 2010 Postponements were still expected at aerodromes throughout the country in spite of a last minute slab being placed on manufacturing action intended by BA crew strike and an repair of aviation no flying regulations to decrease future airline closures caused by Icelands Eyjafjoell eruptions. Official staffs admitted disruption would possibly carry on for the majority of the week. Airlines were struggling a lot to return timetable to normal after cloud of thick ash gist over the continent, shutting major aerodromes and making more than 1,000 planes to be negated. Airlines, that have incurred millions of money due to the ash alertness, criticised Mondays shutting of airports and criticise the replica used to forecast the spread of the volcanic dust as obsolete and out of place. Executives act in response with rage to what they disagree were unnecessary limitations introduced by over watchful security watchdogs. British Airways CEO Willie Walsh directed the disapproval, labelling limitations as a gross over response to a very slight risk. Experts told that the volcano, which lasted month, resulted most of Europes aerodromes to be close down for one week, has released massive quantity of ash dust, which can block jet engines, as it began to explode one month ago and cautioned that there was no finish to this in sight. Last months eruption strained many countries in north Europe to close their aerodromes, making in excess of 100,000 flights to land and an approximate 10 million explorer globally. The (IATA), the international airline industry branch forecasted that last months closure was Europes major since 2nd World War cost transporters in excess of  £1.1 billion. The latest outbreak strained Londons airports to close for 6 hours on Monday, leading to lots of postponements and score of aeroplanes in the incorrect place. Near about 200 flights were abandon at Heathrow, 88 in Gatwick and 40 in Liverpool airport. And also 50,000 passengers were stranded. Aerodrome official cautioned travellers it may take time for aeroplanes to clear the log jam of postponed flights and recommended them to get in touch with their airlines before leaving for the airport. After a day of confusion, passengers afterwards received a twofold dose of positive news after the Court banned the back-to-back agitation by cabin crew of BA while the Civil Aviation Authority (CAA) distorted its criterion for allowing aircraft to take off. The court decision came very late for BA to re-establish its full flying timetable at Heathrow that had been interrupted earlier in the day by the ash dust. In spite of the High Court ban, British Airways confessed that planes will still be affected for the whole of the week The airline industry has been anxiously trying to restore the 80 small haul and 30 lengthy haul planes from Heathrow which faced curtailments had the strike went further ahead. One spokesman for the airline industry told half of small-haul and 40 % of lengthy-haul services from Londons may be affected as it was too late to restore a overall service. He told that its function, however, was thought to return to usual by the end of week. The verdict was a enormous relief for the industry which told the court that as it had planned for five-days strikes, it would have coasted the airline industry £138 million. Union representing BA crew, prepared to plea against the ban which stopped strike action planned by 1000 of members in the acidic row over employment, staffing and pay levels. The ruling came as the CAA proclaimed that it had formed a new limited time zone to allow specific aircraft to go through a bigger density of dust than previously allowed. The change that came into effect at noontime on Tuesday would not only have an effect on Flyby initially, but other airline industry is believed to follow. Once producer and airline companies have offered a joint safety case which gives a proof that they can go through the dust ash without harm, they will be permitted to fly. As a consequence of this alter, there are no forecasted limits on UK air in the instant prospect, said Richard Deakin, the CEO of Nats, the traffic control company. The CAA blamed the Met Office for the newest close down. The Met Office replica was forecasting ash which wasnt there when the check flights were done, a spokesman from CAA said We have enquired the Met Office as to why their forecasted model showed a thing that was not consequently backed up. The Met Office backed up its computer system, insisting it was assisted by imagery of satellite, observation, laser checks of the ash in the environment and other proof from test planes. It said the dust was over South East but not in the levels that ground aircraft The amount of ash is uncertain on an hourly base. The circumstances are very runny, a spokesman said to the Daily Mail. In Iceland in the meantime, there have been no signal of the volcano ending. Experts told that the Eyjafjoell flare-up, which started on April 14, have shaped up thrice, with the newest surge of movement coming Friday in April. from the starting of the outbreak, they predicted that 250 million cubic metres of tephra (ash and other fragmental material) has been formed, as said by Iceland geophysicist Magnus Tumi Gudmundsson. The civil protection of Iceland agency told that the ash cloud was travelling to the north and wasnt expected to drift to Europe in coming two days May2010 by Andrew Hough, David Millward and Caroline Gammell http://www.telegraph.co.uk/travel/travelnews/7735248/Iceland-volcano-ash-cloud-airline-passengers-face-further-misery.html CASE STUDY ON BRITISH AIRWAY (April 16, 2010) Steve Rothwell and Sabine Pirone On April 16 (Bloomberg) British Airways and Virgin Atlantic Airways Ltd. and cargoes that depend on lengthy -haul business tour for earnings would be worst-hit by the close down in air travel affected by the outbreak of the Icelandic volcano. Airline companies may incur $1 billion loss, if ash cloud keeps the European airports closed the weekend, the central for Asia Pacific Company said. British Airways, which earns daily revenue of near about 24 million pounds ($37 million), halted all planes today as U.K. aerodrome was confined until 1 a.m. tomorrow least. Airline industry will have to incur their major losses in the trans- Atlantic business-passenger group, Ashley Steel, Global Chair for Transport and Infrastructure at KPMG, said in a conference. For airline like BA, every day as their plane being grounded will likely to incur millions of money. The effect on economy-class sales is likely to be weakened because persons will be changing their bookings and ultimately still fly. The ash cloud from the Icelands Eyjafjallajà ¶kull volcanoes roofed parts of Britain, Germany, Norway, Ireland, Sweden, Finland, Belgium, Netherlands Russia this morning and afterwards glided over France, Poland Czech Republic. Its estimate to reach Switzerland, Austria and Hungary by midnight, according to U.K. Meteorological Official data. 6 million passengers could have been affected if closures extended to April 18.. Business Trips British Airways, which is the No. 1 transporter in the market of north Atlantic including planes between London to New York, was prone to undergo loss most from the interruption because of its dependence on traveller making trips of business that cannot be rescheduled. U.Ks top. Billionaire Richard Bransons Virgin Atlantic, which is the largest long-haul competitor to British Airways at Heathrow Airport, would have also lost revenue that would have been doubtful to be recovering, as said by KPMGs Steel. Coach class travellers and all those flying with the discount air buses on vacation or may be to visit friends, family were more likely to rearrange their journeys, she said. British Airways and the Virgin Atlantic said it will be very early to provide an approximation for the cost of the interruption. They said We arent giving any direction on the cost incurred at this moment, BAS spokeswoman Cathy West told in a phonic interview. We have got no clue when it is going to finish yet. The Virgin spokeswoman Anna Knowles told the Crawley, which is an England- based company, that virgin is concentrating on getting process up the operation and the running and that it is impossible to put figure on loss till now. Never Return Lots of BA and the Virgin passenger goes for top cabins and these people are travelling on totally -refundable tickets, said Steel. Most of the money will not return to them as passengers will just not go for rebooking the berths. The closedown could also tilt the balance for unbeneficial SAS AB, the current owner of Scandinavian Airlines, were one of the first flights to scrap planes as the cloud swept over Norway, Sweden , Denmark, as Steel said. Competitor Nordic carrier Finn air told that the languishness is incurring it 2 million Euros ($2.7 million) in a day. The carrier had to cancel 435 flights so far, and affected 54,000 travellers. SAS plans to approximate volcano-related expenses by April 19, Sture Stoelen, head of investor relations, told by telephone. Its complex, Stoelen said. Were losing revenue but also saving on operating costs, but then there are other costs for hotels and so on. The ash cloud has interrupted flying just like European carriers moved to hectic and more well-paid summer schedules, said Yan Derocles, who is an analyst at Oddo Securities Paris.   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  This is the most busiest time for airline industry, specially on North Atlantic direction, . Derocles said that the leading names will be losing 40 million to 60 million Euros in a day. Physical Damage Airline industry insurance strategy wont normally pay out unless theres a damage to the equipment, as said Alexandra Lewis, who is a spokeswoman for London-based Benfield branch of Aon Corp., which is the worlds biggest insurance broker. Insurers cover up business disruption only if bodily damage is the cause for it, as said Richard Manson, a spokesperson for the manufacturing insurance unit of Munich-oriented Allianz SE, continents major insurer. Thats why they did not anticipate claim from clients which included airline industry as well aerodrome. The closedown is likely to incur aviation industry near about 0.25 percentage of their yearly income per day as said by Joe Gill ,who is an analyst in Bloxham securities at Dublin that covers firms like Ryanair Holdings Plc, EasyJet Plc, which is continents two major low fare carriers. The aviation industry will be clawing back good amount of money by looking for to increase give up a measure of prices of tickets as demand rushes in the immediate consequences of the airport shut downs. The largest expenses will be for re-booking and re-funding travellers, MR Manson said, with income losses partly offset by petroleum savings. Airline industry will be losing a combined billion $2.8 in 2010 following an approximate billion $9.4 increasing loss previous year, as predicted by the International Air Transport previous month. http://www.businessweek.com/news/2010-04-16/british-airways-virgin-atlantic-may-suffer-most-from-ash-cloud.html With support from Robert Fenner in the Melbourne, Oliver Suess from Munich, Crowley at London. And the Editors: Chris Jasper and Kenneth Wong. Adapted from the editorials of Steve Rothwell, London at [emailprotected]; Sabine Pirone, London at [emailprotected] The editors responsible for this story adapted: Kenneth Wong at [emailprotected]; Benedikt Kammel at [emailprotected] Company overview COMPANY FINANCIAL OVERVIEW British Airways is among the worlds leading listed finest international airline company. The organisation chiefly operates in the Europe and US. This organisation has headquarters in Harmondsworth, in the UK and employs 41,494 staffs. The company has recorded earnings of GBP 7,994 million equivalent to $12,761.1 million) throughout the fiscal year ended March 2010 -(FY2010), a diminish of 11.1 percent as compared to the FY2009.The functioning loss of the corporation Was GBP 231 million equivalent to $368.8 million as during the FY2010, compared to the functioning loss of GBP 220 million ($351.2 million)in the FY2009. The net- profit was GBP 182 million -$290.5 million as in FY2010, compare to net loss of GBP 1,360 million (USD 2,171 million) in FY2009. History The foundation of British Airways runs equivalent to the history of civil airline industry in the globe. On the August of 25, 1919, The British Airways predecessor company The Aircraft Transport and Travel commenced the worlds first every day international planned air service running between London to Paris. In March 31, 1924, UKs four airline company Inston and Handley Page Transport, and Daimler Airways and British Air Marine Navigation fused to form the Imperial Airways Ltd. About this time, a quantity of small UK air companies also had started their functioning. All these combined in 1935, to shape the new private owned BA Ltd. During 1939 November, UK Government made Imperial Airways along with British Airways nationalised, to give ascend to the beginning of the British Overseas Airways Corporation. After the Second World War, The BOAC sustained to function lengthy-haul services, whilst other international l European and local flights were runned by a novel airline company, British European Airways Corporation (BEA). On 1972, BOAC and the BEA were merged under the new created British Airways Board. Afterwards, the separate airline companies were fused to shape British Airways, on 1974. Privatization With a vision to switch British Airways to private high revenue making Airline Company, late Lord King supposed the situation of its president, in 1981. After which he selected Colin Marshall as CEO of the airline company. The arduous efforts of King and CEO ultimately made the massive loss making Airline Company to one of the major profit earning air planes in the globe. Consequently, the airline company said itself as The Worlds much-loved Airline Company, in that time when other big airline company suffered to set up their place in the civil airline industry. The airline companys image was transformed under the leadership of king. Ultimately, this resulted to the British Airways privatisation, in the year 1987. Fleet and S Destination The British Airways has a up to date fleet which has average age of 9 years. It includes of near about 228 aircrafts, including Airbus (A319), Airbus (A320-200), Airbus (A321-200), Boeing (737-400), Boeing (747-400), Boeing (757-200), Boeing (767-300ER), Boeing (777-200) and Boeing (777-200ER). Currently, the British Airways travels to 6 local places and in 143 intercontinental places in 69 countries, which includes six continents around the world. , British Airways to Delhi and Mumbai, Chennai, Bangalore and Hyderabad. http://www.iloveindia.com/airlines-in-india/international/british-airways.html Effect of ash cloud on British airways (based on the guardian report) As per the report British Airways said the confusion caused by the air travel ban across much of continent is incurring between 15m to  £20m in a day and that it will be looking for reimbursement from EU and UK government. Travel operator, the Tui Travel approximated its expenses at GBP 5m AND  £6m per day whilst budget plane service Easy Jet had put its expenses at GBP 5m per day. The Shares in airline companies and the holidays companies Around the Europe struggled with quick falls in stock market places as the interruption intensified. CEO of BA Willie Walsh told: This is an unparalleled situation which is having a enormous impact on travellers and airline companies alike. They told that they carry on offering enormous support to their customers. Though, these are unexpected conditions that are beyond all airline companies hold. To help us with these circumstances, The European airline industry has enquired EU and country governments for monetary compensation for the shutting of airplanes. There is a reason for this to happen as reimbursement was paid after the shutting of US airplane subsequent terrorist incidents of 9/11 and obviously the effect of the current circumstance is more significant. The BA shares were among the major fallers in FTSE 100, plummeting just above 3% to-227p. Travel group the Thomas Cook was downwards 4..5 percentage at 249.8p and the easy Jet shares were slated by 5% at 545p and the Tui tour went down almost 4% to 280.4p. British Airways said it has important financial support available to it to maintain a substantial period of shutting of the UKs air industry. In the beginning of the fly limitations on 14 April, it was having above  £1.7bn of hard cash and near about more than GBP 400m in on hand credit line, it can sustain if necessary. It told passengers, those booked to journey on cancelled planes can claim a full reimbursement or book again their journey afterwards. Tui, which is the company at the back of Thomson Holidays and the First Choice, said it is going in loss between 5m to  £6m per day as of the flight prohibit. The interruption resulted from the dust erupted from the Icelands Eyjafjallajokull eruptions has already incurred the holiday agents GBP 20m, and also it said that near about 100,000 of its passengers are stranded globally, and it is not able to fly them home whilst European airlines remains shut down.As for the organisation, this is a phase of somewhat low vacation programmes, but the interruption to our plan will still have a monetary impact, it told. The concern said it provided appropriate help to passengers jammed in their holiday places. Passengers who cant start their vacation because UK aerodromes have been stopped while late last week was been given the option of a recompense from the Tui, or scheduling their trip again .Near about 90 percentage of UK consumers had opted to rebook. Tui also added that it had been working with other dealers and airline companies in a belief that regulators allow the recommencement of flights as early as possible. Tui reported previous month to that it was considering a revival in customer demand as the summer business period comes near. In the previous financial year it made a fundamental profit of GBP 366m, from income of  £13.8bn. http://www.guardian.co.uk/business/2010/apr/19/ba-volcanic-ash-losing-money Discussion As we can see that natural calamities are unpredictable, and cost millions to the companies which depends on weather .In the case of British airways we can see that ash cloud was, such a calamity which coasted not only British airways in millions ,but other airlines too. Particularly in the case of British airways, we can see that, it incurred heavy losses. According to the report by Rob Hull as stated in share prices .com Share prices in the air industry rose late in the market to a close price of 235p after information reports recommended operations from main airports may be backed up and operating at some point . In spite some planes were able to go further on Tuesday morning from north UK aerodromes, The British Airways had to land all of their short haul flights for the 6th successive day because of uncertainty hovering the latest volcanic ash dust. Because of which, BA share drowned again to a low down of 229.30p currently with current prices at 09.15 being 230p and 0.73 % down, with forecasted sum losses 15m to GBP 20m per day for group. British Airways told in the statement former that morning: that they were preparing to function short haul planes scheduled to leave from 7pm, which was later cancelled. They told that they are still hopeful to run long haul planes which were planned to leave after 4pm, Tuesday 20th April, though these leftovers subject to the whole and permanent start of air planes. Another report regarding the possible re-opening of aerodrome from National Air Traffic Service which was due at 15:00 that day with NATS sustaining close contact with the Metrological Office concerning the state of British airdrome. And as they headed to the sixth day of cancelled flights, airplanes and travel companies have reportedly turned to Government for the deals. According to the reports, Travel TUI was GBP 20m downwards with every day bills going up to GBP 6m, Easy jet also lost a sum of GBP 40m until now and the Thomas Cook was supposed to have lost  £7m . All the four groups including British Airways had approached Government for recompense for these enormous losses. Though, Easy jet and the Thomas Cook organisations along with Ryan air were in soptimistic province , with FTSE 100 0.36 % upwards in all 09:40 ,Tuesday ,20th April. TUI share cost, like British Airways , were still downwards but the company had disclosed information by saying that it intends to increase near about 500m of fresh financing through convertible bond and also added bank services. Therefore we can see that, whereas short haul airways such as Ryan air and easy jet were not so much affected by the ash cloud, British airways and Virgin airways, which are basically long haul airlines were heavily affected by this calamity (April2010)RobHull shareprices.com [Adapted from] April 2010, Business week :http://www.businessweek.com/news/2010-04-16/british-airways-virgin-atlantic-may-s uffer-most-from-ash-cloud.html A final thought In a final thought we can say that natural calamities are unstoppable and, companies relying on it has to frame additional plans that can help cope up with busy and anxious situations like this .In the case Of British Airways and Virgin Atlantic, It would be a suggestion to plan with government authorities and financial institutions to safeguard heavy loss during this type of situations

Heart Condition Case Study

Heart Condition Case Study Samantha O’Shea Course: Healthcare Support Module: Human Growth and Development Introduction I got permission from Ned to do my assignment on him. Some of his information has been changed for confidentiality reasons. Ned is sixty and the oldest of nine children. Ned has heart condition which is hereditary in his family. His mother had an enlarged heart which the never knew till after she died. Both his father and younger sister also have a heart condition. His father died from the heart condition over twenty years ago. She died at the age of forty two years of age, five years after giving birth to Ned’s younger sister. She also had eight of her children at home which included a set of twins. Ned had a heart attack about ten years ago while he was in. He found it hard to breath and pains in his chest but didn’t realise he was taking the heart attack. When he was brought to the hospital there was test done and the discovered that he had suffered a heart attack. Ned had a second one year’s later. Before Ned had the heart attack he an unhealthy diet and a heavy smoker. He worked full time in a hotel but now is only working part time. Ned enjoys working as he gets to meet other people and it keeps him busy. A heart attack is when arteries become blocked or damaged. Plaque builds up in the arteries causing a blood clot. The muscles become damaged or die which cause the heart attack. Symptoms are: Chest pain which is most common. Shortness of breath Upper body pain i.e. jaw, back and arms Weakness Tiredness To diagnose a heart attack is getting an Electrocardiogram (ECG). Can be done in a hospital or you’re local GPs. (Irish Heart Foundation 2015) Physical, Intellectual, Emotional and Social (P.I.E.S) of development during late adulthood Late adulthood is from the age of sixty-five plus. Their development is completed. Physical People in this age group will be going through different physical development caused by aging, their walking be getting slower. In some cases people will get lose some of their fine motor skills such as writing or open a door. Also some people’s ears grow. By 65 a lot of people will have grey hair, wrinkles, their muscles weakening and skin will losing or not as flexible. Also their bones will get weaker. According to Erikson’s, he believes that people in the 65+ age have more health problems when they get older. Examples off health problems such as diabetes, refluxes, heart condition dementia and motor neuron (MN). Intellectual A lot of people will be fully developed. In some cases some people will lose their memory from dementia or their thinking will start to slow down. Some people won’t be quick enough to remember stuff e.g. birthdays. People won’t be quick enough to solve problems. According to Cliff Notes older people will learn work or information a bit slower than other people or even to remember any work. Their memory won’t be as good as a younger person. But believe that they can still learn as much as a younger person. (Cliff Notes 2014) Emotional Some people could be upset because they are losing people around them such as friends and family. They could be upset because they have to retire. They could be used to working and they don’t want to be sitting around doing nothing which could cause a person to become depressed or lonely. Some people could be emotional because of an illness they have or they could be dying According to Kubler – Ross a person has to go through the different stages of dying. There are five different stages which are Denial, Anger Bargaining, Depression and Acceptance. A person will go through a lot of different emotions from an illness or dying and will go through Kubler – Ross theory. (Cliff Notes 2014) Social A lot of people at this age will have a lot of people around them such as family and friends. If they are retire the can spend a lot more time with people by doing activities or even some lunch. Another side of retiring people will become anti social because the fell that they have know one around them, which can cause people to become depressed. According to Erikson’s Integrity VS Despair 65 + a lot of older people recall on their past. They look back at their pride and their dignity. Erikson believes that people in this age category accept death. He then believes that elderly people start isolating themselves from peer groups. They start looking back at their achievements, mistakes and/or missed opportunities. He often believes that people at this age will start isolating themselves from others. Physical, Intellectual, Emotional and Social (P.I.E.S) of development of individual as well as your own personal prejudices, fears and anxieties Ned’s Physical, Intellectual, Emotional and Social (P.I.E.S) didn’t change much throughout his late adulthood from the heart attack Physical Before Ned had his heart attack he lived an unhealthy lifestyle which included unsociable working hours and he was a heavy smoker. He only works part time now. After having the heart attack he became more tired and he wouldn’t be able to do much work. Ned does certain jobs and he can become weak or breathless. Intellectual Ned has his full senses in his age. He has great memory and is able to solve problems. Ned is able to interact with other people. Ned’s intellectual development didn’t change. Emotional Ned is nervous because he is retiring in a few years. He is used to working because he is working since he was fourteen or fifteen so he has been working for over fifty years. After Ned having the heart attack he was upset because he was going through a difficult time but now he is fine. Social Ned has a good social life. He sees his family regularly and also his friends. He enjoys going to occasions such as weddings to have a good time. Also he enjoys going to his sibling’s house for dinner and a chat. He also has a good relationship with some of his work mates They all started in one of the factories in town and then got the job in the hotel. My own personal prejudice, fears and anxieties on Ned’s Hearth Condition. I am worried that Ned will take another heart attack that would affect his development. It could affect him physically by getting weaker and he mightn’t be able to return to work. Intellectual it could affect him by him losing his memory which wouldn’t be good for Ned. Emotionally and socially it could affect him by being depressed by not able to work if he has another heart attack. Ned could become anti sociable and depressed. Variations/Factors affecting the individual at this stage of life Ned at this stage is still working part time and is enjoying it as is working since he was young. Ned’s health doesn’t affect him that much, unless he is doing something that is making his heart over work such as lifting something to heavy or rushing. It could make him tired or breathless. If Ned does something to put straining on his heart it could affect him by having another heart attack. A way he could manage it is by not lifting anything to heavy or eating unhealthy food which will help his heart. He could go for little walks to keep fit. Another thing that could affect Ned is if he over does something like too much exercise, pushing something he can’t. Ned would be putting too much strain on his heart which could leave him breathless, tired or even in hospital. Ned could do some light exercise. When Ned hits retirement his routine will be out because he won’t be working. Ned won’t be able to interact with as many people because he won’t be working and also he is a single man. He won’t have anyone to talk to. Another way is that Ned stops or cuts down on smoking as it affects his health. Recommendations to respond confidently to needs of person I would recommend Ned to start getting involved with age action so that he can get involved with other people. He won’t become isolated or non sociable with other people. He can meet up with people for an hour or two a week for a chat and a cup of tea. I also recommend that Ned gets involved with the day care centre the days he isn’t working. He can interact with other people and also get his dinner there for little as five euro. In the day care centre they provide activities. I recommend he joins the Active Retirement Association Tullamore (T.A.R.A). This is on one day a week for people over the age of 55. The get to go on trips over Ireland, have social gatherings, exercise and creative opportunities. Another organisation Ned could join is the Arden View resource centre. It allows the people to meet up and socialise with other people, go on day trips, and get to do activities. Ned could do any of these organisations that won’t be too stressful or to harmful on his heart. Ned will get to interact with other people and become more sociable. He would enjoy the activities and socialising with other people because he likes talking and getting involved. Also these would help Ned to get used to being in organisations because he will be retiring in the next year or two. If he starts now he will get used to being in organisations and where as if he leaves it to the last minute he mightn’t have the confidence to join. Conclusion From doing this assignment I learnt that Ned’s family heart condition is genetic in his family. His family should be getting themselves checked for heart condition because the could be affected. I also learnt more about a heart disease and what it’s physical and mental affects are on someone. I learnt that it could kill of some of your heart and I learnt more on the signs and symptoms such as the upper body pain. Bibliography Book Creative Training Book 2015 Web sites Cliffs Notes (2014) Development in Late Adulthood [online], Available: http://www.cliffsnotes.com/sciences/psychology/psychology/developmental-psychology-age-13-to-65/development-in-late-adulthood [accessed 30th March 2015] Cliffs Notes (2014) Intelligence and Memory age 65 [online], Available: http://www.cliffsnotes.com/sciences/psychology/development-psychology/physical-cognitive-development-65/intelligence-and-memory-age-65 [accessed 30th March 2015] Irish Heart Foundation (2015) Heart Attack [online], Available: https://www.irishheart.ie/iopen24/heart-attack-t-7_19_61.html [accessed 29th March 2015] 1 5M4339Samantha O’Shea

The Adventures of Nigel and Corky :: essays research papers

The Adventures of Nigel and Corky †¦ They were on a rickety old plane that looked like I could’ve been flown sometime during the fifties, everyone was snickering and making comments about it when all of a sudden the engines started to sputter and die. The engines went out and the pilot was forced into attempting a crash landing, he dint do too good and the only survivors were Nigel Frumpton, a world famous explorer and professional treasure hunter and Corky, the pilots assistant, see Corky was a little slower than normal and the only reason he worked for the pilot is because the pilot felt sorry for him.   Ã‚  Ã‚  Ã‚  Ã‚  As they gathered all the supplies that were salvageable Nigel was trying to come up with some sort a plan. After they were ready Nigel explained to Corky that they were going to continue with the expedition while looking for some sort of civilization where they could get a hold of someone to come help them. It didn’t really look too likely for a while because they were stranded deep in the middle of the thick jungles of South America.   Ã‚  Ã‚  Ã‚  Ã‚  They started walking north figuring they would run into something after a while but they found something all too soon. Before Nigel knew he could hear Corky yelling for help about thirty feet away from him. Corky had wandered off a little bit and walked right into a big puddle of quicksand and was slowly sinking helplessly. Nigel had the think quick so he looked for something to throw Corky, he noticed long sturdy looking vines hanging off of a tree nearby and ran over to cut a vine down to toss to Corky as a makeshift life saver. In his rush to help he didn’t pay much attention to what vine he was grabbing, when he reached up and grabbed onto the closest vine to him he heard a very intimidating hiss from very close. As he looked down to see what was hissing he noticed the â€Å"vine† he grabbed wasn’t a vine at all it was a vine snake! Vine snakes are notorious for blending in with the vines of a long tree and striking on unsuspecting victims , releasing their extremely venomous poison into the victim killing them almost instantly. Nigel being the expert he was didn’t over react to the situation and calmly let go of the snake and at the same time quickly cut off a nearby vine from the tree and ran over to Corky, by this time he had sunk to his waistline and was getting pretty impatient with Nigel.

Teenage Prostitution as a Response to Gender Roles in Japanese Society :: Exploratory Essays Research Papers

Teenage Prostitution as a Response to Gender Roles in Japanese Society Buuuzzzzzzz. â€Å"Oh, a page,† says Michiko to her friend, â€Å"give me a minute to check it.† She pulls out her mobile phone and dials the number to check her messages. This message is from one of her regular customers, Mr. Tanaka. He would like to meet this afternoon at the little restaurant next to the same â€Å"love hotel† they used last week (a place that rents theme rooms by the hour). Michiko giggles to her friend, â€Å"Poor Tanaka-san, he is such a lonely guy, but he’s very generous.† Michiko meets up with Tanaka-san, a businessman in his mid-forties, later that afternoon. They grab an early dinner, then head directly to the love hotel. After about an hour, their transaction is complete and Tanaka-san â€Å"offers† Michiko about  ¥10,000. Suddenly, Michiko notices the time. It’s nearly eight, and she has about an hour commute, by train, to her house in the suburbs. â€Å"My parents will be angry that I’m so late again, especially since I have an important algebra exam in the morning!† Michiko quickly kisses Tanaka-san on the cheek and rushes around collecting her things. â€Å"Call me soon. Okay?† says the seventeen-year-old as she slips out the door. Michiko and Tanaka-san are imaginary, yet they illustrate a very real phenomenon in Japanese society — teenage prostitution. Young girls selling themselves to older men is not a new phenomenon. Underage women around the globe resort to prostitution as a means of survival. There are few industries women can enter where capital costs are low, barriers to entry are few, and educational requirements are nil. Yet what is puzzling in the Japanese case is that most young women like Michiko do not depend on the money they receive from prostitution for survival — yet it does help to buy Burberry scarves, Chanel hand bags and other â€Å"must-haves† (Moffett 50). While it is tempting to say that teenage prostitution is a means for young women to obtain the material items they feel they cannot live without, there is more to this phenomenon than meets the eye. If it were merely a matter of wanting extra money, young girls would most likely seek legitimate employment — translation, the increasing popularity of prostitution among teenage girls in Japan is a response to the strict gender stratification of Japanese society.

Gandhi’s Campaign Methods Essay

It’s clear that Gandhi’s campaigns of non-cooperation and attending political meetings with high ranked British officials during the early 1930s, were hugely significant as they mounted pressure on the Raj, leaving the British with no other alternative than to make concessions towards the nationalists. However, Purna Swaraj wasn’t achieved by Gandhi’s campaigns in the 1930s, due to the limitations of his methods as he was unable to cooperate and negotiate with the British. Conversely, demands for nationalism increased across India and the British began to lose any moral authority they had over the Indians. Gandhi’s methods of non-violent, civil disobedience were hugely effective in turning many Indians against British rule, increasing demands for Purna Swaraj and attacking the revenue that the British relied on to survive within India. Source 1 is a declaration written by Gandhi, a speech in which was broadcasted on Independence Day. The symbolism of broadcasting this speech across the whole of India on the 26th January 1930, shows Gandhi’s purpose of targeting the masses to enthuse them on a day of huge importance, to rise up against the ‘inhuman rule’ they’re being controlled under. ‘Inhuman rule’ emphasises how the British were keeping the Indians in subordination within no care or consideration for the wellbeing of its subjects. This is witnessed with the tax that the British put on salt. Salt is a necessity for every Indians health and survival due to living in such hot climates, so consequently, the British revenue increased as they knew every Indian had to purchase it in order to survive. However, Gandhi wanted to ‘stop the payment of taxes without violence’ and thus, publicised the boycott of salt tax with his salt march on 12th March 1930. Initially, the British disregarded it and treat it as a joke, until it caught the attention of the worlds press as a result of Gandhi connecting with the supportive masses, and drawing in tens of thousands at prayer meetings and gatherings before the actual march. This contradicts the view of Lawrence James in source 3, who believes the Indians had ‘never come close to toppling the Raj’, as source 1 makes it explicit that the increasing animosity and non-payment of taxes, generated by Gandhi, concerned the British a great deal. Gandhi directly attacked the Raj as he declared it a ‘crime’ to submit to its rule in hope he could connect with the Indians and encourage them to follow his lead. He successfully did this as a result of the Salt March. Although only 78 of his supporters followed him on the entire march, many other Indians got involved. On route of the march, many Indian officials resigned from their posts. Elsewhere, another march was organised in South India were protests in Bombay, the North West Frontier Province and 2000 non-violent demonstrators at a salt production plant in Dharasana were attacked to the ground by police. This again is evidence of the ‘inhuman rule’ Gandhi speaks about in hi s declaration, and consequently shows why the British lost a lot of moral authority over the Indians. Source 2 explicitly shows that Gandhi’s non-violent campaign methods were effective at challenging the Raj and allowing them no other option that to begin making political concessions towards the activists. It adds a lot of weight to source 1 as it shows the effectiveness of Gandhi’s campaigns in relation to the British response. Lord Irwin, the Viceroy of India at the time, recognised that ‘political dialogue’ was the only way forward from the current position in 1931, due to the increasing hostility in India that was becoming a huge threat to the Empire. Consequently the Gandhi-Irwin pact was signed on the 5th March 1931 which was an agreement between both Gandhi and Irwin. The most significant aspect of this wasn’t the agreements themselves, which saw many political prisoners released, Indian officials reassigned and future political changes to be in the interest of India, but more so the fact that Gandhi was seen as an equal to a leading British official. This in itself unleashed hope that the British would start showing respect and help the Indians advance politically. It’s clear from source 2 that Irwin showed some respect for Indians as he states that the ultimate purpose for India is not to be under ‘perpetual subordination’ in the British Empire. This too conflicts with source 3 as it suggests the British have come to the realisation that they cannot hold on and control India forever, due to the increase in non-cooperation amongst the masses as a result of Gandhi’s campaigns and in the aftermath of the second round table conference. This conference was held in Britain on 7th September 1931, which aimed to start negotiations towards Indians progression to self rule. However, it achieved nothing due to Gandhi demanding nothing less than Purna Swaraj and thus blocked any further negotiations and progress for India. In addition to this, his arrogant approach in being the only representative to speak for eve ry Indian angered many groups within the population, in particular the untouchables. Source 2 therefore shows that Gandhi’s campaigning methods were limited, and only effective to a certain extent. As this modern source was written by Tim Leadbitter, a writer for academic studies, we can trust that his view is objective. However, he does express his own opinion when stating that Irwin ‘rightly’ recognised the dangers of mass movements. This is unusual in textbooks which are used for academic purposes and could cause the reader to believe his opinion is actually fact. Nevertheless, put in context its clear that the mass movements were a threat to the Raj and so followed awaited Government of India Act of 1935. The provisions of the act were too little too late and although it provided Indians with provincial control, it achieved no advancement in central or higher administration, and the electorate was still less than 10% of the overall population. Congress did benefit hugely from the 1937 election and in effect became the leading party in India wh ich in turn caused resentment and anger from the Muslim League. By this time, Gandhi lost his campaigning momentum after his arrest in 1931 however that is not to say the small but significant successes of the 1935 Government of India Act wasn’t a result of Gandhi’s campaigning efforts. Source 3 contradicts the evidence in sources 1 and 2 and completely disregards any lack of progress being made by Gandhi and the Indian nationalists in the 1930s, with the non-violent campagns. It takes facts at face value as James takes a broad sweep over the British Empire. As a result, his account ignores the underlying pressures and Gandhi’s non-violent methods that challenged the British rule in India. James undermines Gandhi’s efforts by stating they ‘never came close’ to toppling the Raj, therefore believing that the civil disobedience and non-cooperation as a result of Gandhi’s campaigns, were too weak to put even the slightest dent in the British hold on India. However source 2 explicitly opposes this as the British Viceroy Lord Irwin recognises the need to show that the British are willing to help India progress politically, to prevent further unrest and mass movements witnessed after the Salt March. The resulting 1935 Government of India Act and 1937 elections weren’t direct results of Gandhi’s campaigning, however the small changes witnessed in Indians advancing in politics and having more say at provincial level, wouldn’t have happened at all if it wasn’t for the pressure Gandhi put on the Raj. Without his non-cooperation campaigns, the British wouldn’t have felt the need to make any concessions at all towards Indians, but the fact remains that by 1939 Gandhi’s agenda of 1930 demanding Purna Swaraj hadn’t been achieved. However, James is not completely oblivious to the pressure the Raj is under, as he states they can ‘hold on’ in an unconvincing tone. It’s therefore apparent that if the Raj had to make the effort to hold on to their control, Gandhi’s campaigning efforts and mass movements are obviously causing them some concerns and mounting pressure, and so much have been effective to a certain extent . Lawrence James does actually give evidence to suggest that some Indians were actually content with British rule as he mentions the ‘backing of an army’ of ‘loyal’ sepoys, which the British utilised for general administration and control. However this alone doesn’t hold any weight when confronted with conflicting evidence from sources 1 and 2. It’s therefore undisputable that Gandhi’s non-violent campaign methods as mentioned in source 1 were hugely effective in amplifying the nationalism within India and thus rallying the masses in order to put strenuous pressure on the Raj as witnessed in source 2. It is apparent however that Gandhi became less influential after his arrest in 1931. His campaigns lost momentum and Congress became machine that followed up the progress Gandhi had made prior to the 1935 Government of India Act. Source 2 therefore bares the most weight as it makes it explicit that Gandhi’s campaigning left the British with no other option than to proceed to make concessions towards the Indians, who where now actively pushing for future self governing. The British were then obliged to relinquish some power, and accept that there would be no going back to having complete perpetual control over the Indians.

Quality Improvement Plan Essay

For more than a decade, Via Christi has sponsored a variety of initiatives designed to improve the quality of care provided. These efforts have engaged staff, patients and physicians at all levels within the hospital to measure and improve the quality and safety of patient care. At times these initiatives have seen success and failures, but with the recent push for our â€Å"big aim† quality is the major focus. The physicians, nurses, other clinicians and administrative leaders overwhelmingly agreed that Via Christi should adopt the goal of reducing serious safety events by 80 percent over the next three years. Performance Measurement and Quality Improvement Performance measurement is known as the collecting and analysis of data to determine how an organization will reach its potential (The Joint Commission, 2013). Often this type of analysis is seen in engineering, with the recent push in Via Christi, Lean design and Six Sigma black belts have joined the team in quality. A good example of performance measurement is through The Joint Commission. They have outlined a set of performance development methodology that is considered the â€Å"gold standard† in health care today. By meeting these measure hospitals can function at an optimal level regarding quality care. â€Å"Quality improvement consists of systematic and continuous actions that lead to measurable improvement in health care services and the health status of targeted patient groups† (U. S. Department of Health and Human Services, 2013). It would be hard to not have quality improvement and not have some type of performance measurement to guide the work. Therefore, you need quality improvement to have some type of quality measurement. Via Christi’s Mission, Services, Goals  Via Christi provides a wide range of services for the community, from rehab to acute care, with a new dedicated focus on long-term care. The mission of Via Christi is derived from the Sister of the Sorrowful Mother and the Sisters of St. Francis and reads as â€Å"Inspired by the Gospel and our Catholic tradition, we serve as a healing presence with special concern for our neighbors who are vulnerable† (Via Christi Hospitals, 2012). At this time Via Christi is embarking on a journey of â€Å"big aim†, which means decreasing serious safety events by eighty percent in three years. An example of how the hospital specifically will tackle this goal is with the work of our central line committee, which is comprised of nursing, Six Sigma black belt engineers, and physicians. This team is reviewing current process and implementing new concepts. Role of Consumers and Quality Indicators The role of patient, families, and friends is one of active engagement with Via Christi. As Via Christi launches into its â€Å"big aim† campaign there is a need for these individuals to help lead the changes through active participation. An example of this type of engagement is how a patient’s son perceived the care of his mother during a hospital stay. The son later contacted the unit manager and offered some feedback regarding the stay, as the unit manager listened she realized that the family had some valid points, such as the long time diabetic mother being allowed to do her own blood sampling and peritoneal dialysis treatments as she was use to at home. So often we take over for the patient in the name of policy, when we could have the patient as an active participant. Some of the external resources available to our community regarding quality indicators would be with The Leap Frog Group. Leap Frog follows quality indicators for hospitals and then issues a grade related to findings. Some of the specific quality indicators for Via Christi are related to central line infection rates, foreign bodies left after surgery and respiratory failure after a surgical procedure. Consumers can access this sight to obtain the information and then ask questions related to findings. This information helps the consumer to be more participative and informed. Feedback Used to Improve Quality At Via Christi, they are just starting to incorporate the consumer into the equation on quality care. The Clinical Practice Council has been formed with all of the various stakeholders to provide the feedback necessary on quality care. The group of physicians, nurses, hospital administrators, and consumers work to review core measures and clinical findings. This group will then make recommendation on how to help move the organization forward. The hospital is working towards being a high reliability organization, through high quality outcomes and patient satisfaction. Conclusion Via Christi serves a wide range of individuals from all generations. As this organization moves forward toward their â€Å"big aim† project of reducing the serious safety events by 80 percent in three years, the consumer will be at the helm helping to guide the decision with feedback, by active participation in councils and satisfaction surveys. All of this work will lead to high quality care being provided to all.