Sunday, December 15, 2019

Livoria Free Essays

Key Success Factors 1. Livoria deliver enjoyable experience to vacationers 2. Livoria is socially responsible that always exceeds environmental and safety regulations 3. We will write a custom essay sample on Livoria or any similar topic only for you Order Now Crew members , vacationers and marine life are safe during the journey 4. The services on cruise are high quality but affordable Leveraging (S-O Strategies) Livoria’s strong brand in safety can take advantage of the growth in tourism industry and strengthen economy in Canada. After acquiring Natural Splendour, Livoria can offer mix of products that can satisfy both vacationers who value for price and for special amenities. The steady growth in revenue and income has developed a strong financial fundamental for Livoria to expand the business in Canada. Constraints (W-O Strategies) Ineffective and inefficient promotion strategies become constraints for Livoria to get full benefit of strong demand in cruise. Because of the lack of web-based booking system, Livoria only can rely on Sales agent for booking. This not only cause Livoria to miss the opportunity to capture Saleslers who prefer booking online, but also increases the passenger acquisition cost. Even worst, Livoria attracts younger people who less willing to spend on cruises. Vulnerability (S-T Strategies) As Livoria is known as outstanding safety among competitors, it can give confident to vacationers that the probability of on-board outbreak of disease in the cruise is minimal. Its unique services such as whale watching and ports of call can serve a niche market in cruise industry. This allows Livoria to compete with large brand operators in the market. Problem (W-T Strategies) Canadian market is relatively small for cruise industry and the industry is already dominated by large cruise ships and large brand operators. The competitive force among rivals is very intense. . The accident of Sandwich causes Livoria over 3 Millions repair cost. In the future, Sandwich will still potentially harm Livoria’s financial stability as its damage insurance coverage is limited. Livoria’s high operation cost and ineffective marketing  strategies can drive it out of the business easily. Issue Terrorist attack is a severer external threat for Livoria. Base on the effects of the past terrorist attacks, Livoria’s revenue is expected to drop around 35% in 2011. Fortunately, the effect should only last for a year. In addition, the accident of Sandwich will increase the repair cost for Livoria in 2011. Combining with the scheduled refurbishment, the repair cost can reach 6 Million. This will seriously affect Livoria’s financial health. If management does not have contingency plan, Livoria is expected to have $2.4M record losses in 2011. Current financial situation In 2010 fiscal year, Livoria performed better than planned. Total passenger was almost 2% more than planned. Revenue was 6.6% more than budgeted, so was net income 15.7%. (Appendix 2) Given the terrorist attack incident and 6 Millions repair cost in 2011, solvency and liquidity of Livoria are being concerned. The current long term debt to equity is 1.23 which implies that Livoria has risk of overleveraging. Fortunately, Income before tax and interest is 6.43 times interest expense and current asset is 1.75 times current liability. Moreover, Livoria has over 10 Million cash and marketable securities which is enough to pay off repair cost and interest expense next year. This conclude that the solvency and liquidity of Livoria is not an issue. Comparing over the course of 4 years, Livoria recorded increase in revenue, expense and net income. However, in 2010 fiscal year, the annually growth rate of revenue is lower compare to 2009 (13% vs. 31%). This also causes the annually growth rate of net income drop from 67% in 2009 to 33% in 2010. Given both cruises, Sandwich and natural Splendour were operating at more than 90% capacity, even there was no terrorist attack incident, Livoria would not have impressive growth in number of passengers in the near future. Assumptions: 1) Direct material, credit card and Sales agent commission is variable to revenue. Thus, if revenue drops 35%, so does these variable costs. 2) Dry dock revenue stays the same as maintenance works should be performed no  matter good or bad season. 3) Livoria can book 2.3 M in capital gain by selling the dry dock 4) All maintenance, refurbishment and repair for Sandwich can be finished before the beginning of May next year. Thus, Sandwich can service in 2011 cruise season 5) Termination cost for all kinds of labour are also $6,000 each 6) Training cost for unskilled labours is $1,000 each. Alternative: 1) Divesting the Fraser dry dock. Pro: During the economic downturn, it is wise to spin off non-core business, so that company can focus its limited resources to improve its core business. Dry dock business is non-core business for Livoria. It only contributed 8.5% of company’s total revenue in 2010. If removing inter-division transaction and associated direct material cost, dry dock actually reported 667 thousands loss. Con: Selling price for dry dock is only 4.3 Million which is not enough to cover the estimated repair cost for Sandwich in 2011. Later on, Livoria has to spend two Million on refurbishment every year. More importantly, reputation for safety is core competency of Livoria. Livoria is relying this to stay competitive in the market. Livoria can no longer ensure maintenance works are well performed and exceed regulation standards if it contracts the maintenance work out. The effects on project 2011 net income for divesting dry dock; Divesting dry dock will worse off than status quo. 2) Target more profitable market segment Base on customer survey conducted in 2010, Annual family income of our customers is $72 thousand vs. $78 thousand in the industry. It is mainly because we have more customers who under 40 years old than the industry (40% vs. 29%). The revenue per passengers per day for this group is only $209 vs. $334 for 40 to 60 years old group. In addition, we had difficult to attract repeat customers. There was only 20% of customers were repeated vs. 40% in the industry. Each repeat customer can generate $2000 vs. $1800 from first timer. The effects on project 2011 net income for aligning customer mix to industry average: Net Income before tax  $ (691.15) 3) Hire unskilled crew and hospitality from underdeveloped countries. Pro: It is a W-T strategy that prevents firm’s weakness from intense competition in the industry. Because of registering in Canada, Livoria has higher operating costs than competitors. By hiring employees in underdeveloped which commonly practice in all kinds of businesses, Livoria can lower its labour cost by 30%. It is critical for Livoria to stay competitive in the industry. Con: Experienced crew is rare and invaluable. By swapping all experienced crew by unskilled labour, Livoria may risk losing its core competency – reputation of safety. Moreover, this may also affect our quality of service. Superior service is also critical to survive in the industry as well. Furthermore, termination and training costs can offset the benefits of labour cost saving. The effects on project 2011 net income for hiring unskilled labour Net Income before tax  $ (3,550.04) How to cite Livoria, Papers Livoria Free Essays Livoria deliver enjoyable experience to vacationers 2. Livoria is socially responsible that always exceeds environmental and safety regulations 3. Crew members , vacationers and marine life are safe during the journey 4. We will write a custom essay sample on Livoria or any similar topic only for you Order Now The services on cruise are high quality but affordable Leveraging (S-O Strategies) Livoria’s strong brand in safety can take advantage of the growth in tourism industry and strengthen economy in Canada. After acquiring Natural Splendour, Livoria can offer mix of products that can satisfy both vacationers who value for price and for special amenities. The steady growth in revenue and income has developed a strong financial fundamental for Livoria to expand the business in Canada. Constraints (W-O Strategies) Ineffective and inefficient promotion strategies become constraints for Livorla to get full benefit of strong demand in cruise. Because of the lack of web-based booking system, Livoria only can rely on Sales agent for booking. This not only cause Livoria to miss the opportunity to capture Saleslers who prefer booking online, but also increases the passenger acquisition cost. Even worst, Livoria attracts younger people ho less willing to spend on cruises. Vulnerability (S-T Strategies) As Livoria is known as outstanding safety among competitors, It can give confident to vacationers that the probability of on-board outbreak of disease In the cruise Is minimal. Its unique services such as whale watching and ports of call can serve a niche market In cruise Industry. This allows Llvorla to compete with large brand operators in the market. Problem (W-T Strategies) Canadian market Is relatively small for cruise Industry and the Industry Is already dominated by large cruise ships and large brand operators. The competitive force among rivals Is very Intense.. The accident of Sandwich causes Llvorla over 3 Millions repair cost. In the future, Sandwich will still potentially harm Llvorla’s financial stability as Its damage Insurance coverage Is Ilmlted. Llvorla’s high operation cost and Ineffective marketing strategies can drive It out of the business easily. Issue Terrorist attack Is a severer external threat for Llvorla. Base on the effects of the past terrorist attacks, Llvorla’s revenue Is expected to drop around 35% In 2011. Fortunately, the effect should only last for a year. In addltlon, the accident of Sandwich will Increase the repair cost for Llvorla In 2011. Comblnlng with the affect Llvorla’s financial health. If management does not have contingency plan, Llvorla Is expected to have 32. 4M record losses In 2011. Current financial situation In 2010 fiscal year, Llvorla performed better than planned. Total passenger was almost 2% more than planned. Revenue was 6. 6% more than budgeted, so was net Income 15. 7%. (Appendix 2) Given the terrorist attack Incident and 6 Millions repair cos n 2011, solvency ana llqu101ty 0T Llvorla are Delng concerned. I ne current long term debt to equity is 1. which implies that Livoria has risk of overleveraging. Fortunately, Income before tax and interest is 6. 43 times interest expense and current asset is 1. 75 times current liability. Moreover, Livoria has over 10 Million cash and marketable securities which is enough to pay off repair cost and interest expense next year. This conclude that the solvency and liquidity of Livoria is not an issue. Comparing over the course of 4 years, Livoria recorded increase in revenue, expense and net income. However, in 2010 fiscal year, the annually growth rate of revenue is lower compare to 2009 (13% vs. 31%). This also causes the annually growth rate of net income drop from 67% in 2009 to 33% in 2010. Given both cruises, Sandwich and natural Splendour were operating at more than 90% capacity, even there was no terrorist attack incident, Livoria would not have impressive growth in number of passengers in the near future. Assumptions: 1) Direct material, credit card and Sales agent commission is variable to revenue. Thus, if revenue drops 35%, so does these variable costs. 2) Dry dock revenue stays the same as maintenance works should be performed no matter good or bad season. 3) Livoria can book 2. M in capital gain by selling the dry dock 4) All maintenance, refurbishment and repair for Sandwich can be finished before the beginning of May next year. Thus, Sandwich can service in 2011 cruise season 5) Termination cost for all kinds of labour are also $6,000 each 6) Training cost for unskilled labours is $1,000 each. Alternative: 1) Divesting the Fraser dry dock. Pro: During the economic downturn, it is wise to spin off non-core business, so that company can focus its limited resources to improve its core business. Dry dock business is non-core business for Livoria. It only contributed 8. of company’s total revenue in 2010. If removing inter-division transaction and associated direct material cost, dry dock actually reported 667 thousands loss. Con: Selling price for dry dock is only 4. 3 Million which is not enough to cover the estimated repair cost for Sandwich in 2011. Later on, Livoria has to spend two Million on refurbishment every year. More importantly, reputation for safety is core competency of Livoria. Livoria is relying this to stay competitive in the market. Livoria can no longer ensure maintenance works are well performed and exceed regulation standards if it contracts the maintenance ork out. The effects on project 2011 net income for divesting dry dock; Divesting dry dock will worse off than status quo. 2) Target more profitable market segment Base on customer survey conducted in 2010, Annual family income of our customers is $72 thousand vs. $78 thousand in the industry. It is mainly because we have more customers who under 40 years old than the industry (40% vs. 29%). The revenue per passengers per day for this group is only $209 vs. $334 for 40 to 60 years old group. In aaaltlon, we naa OITTlcult to attract repeat customers. I nere was only customers were repeated vs. % in the industry. Each repeat customer can generate $2000 vs. $1800 from first timer. The effects on project 2011 net income for aligning customer mix to industry average: Net Income before tax (691. 15) 3) Hire unskilled crew and hospitality from underdeveloped countries. Pro: It is a W-T strategy that prevents firm’s weakness from intense competition in the industry. Because of registering in C anada, Livoria has higher operating costs than competitors. By hiring employees in underdeveloped which commonly practice in all kinds of businesses, Livoria can lower its labour cost by 30%. It is critical for Livoria to stay competitive in the industry. Con: Experienced crew is rare and invaluable. By swapping all experienced crew by unskilled labour, Livoria may risk losing its core competency – reputation of safety. Moreover, this may also affect our quality of service. Superior service is also critical to survive in the industry as well. Furthermore, termination and training costs can offset the benefits of labour cost saving. The effects on project 2011 net income for hiring unskilled labour Net Income before tax. How to cite Livoria, Papers

Saturday, December 7, 2019

The Overcoat Essay Research Paper Arthur Ashe free essay sample

The Overcoat Essay, Research Paper Arthur Ashe one time said, ? From what we get, we can do a life ; what we give, nevertheless makes a life. ? Such is the instance in Nikolai Gogol? s short narrative The Overcoat. Gogol takes a adult male without a friend in the universe and gives him a new greatcoat. The new greatcoat represents a new life and a new individuality for the adult male and outright he is much happier. The adult male, Akaky Akakievich, footing his? new life? upon the love that he gives to his greatcoat, and what he feels it gives him in return. Before long, Akaky begins to care more about his beautiful coat and less about the people around him. Thus is the subject of the narrative. Often material things are more of import in our lives than people, ensuing in the emptiness of one? s bosom and psyche. One can non be genuinely happy with his ownerships entirely. We will write a custom essay sample on The Overcoat Essay Research Paper Arthur Ashe or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page He needs more than that. He needs people his life, whom he can name friends. Akaky Akakievich is a low category adult male and he works difficult for his money, yet his mercenary colleagues torment him because of his shabby, raddled greatcoat. Consequently he goes out and purchases a new greatcoat. Quickly P eople get down to esteem him more as he wears the new coat, and it creates for him a new individuality. Akaky no longer is the blunt of office gags, for he is now dressed more fashionably in the eyes of his co-workers. As Akaky walks down the street, he begins to see things in a new visible radiation. From the adult females that pass him by, to what he sees inside the shop Windowss. Thingss seem to hold a new significance in his universe, all because of his new greatcoat. Akaky cares so much about his coat because it cost him rather a batch of money, but more significantly it made him experience more confident, more recognized by those around him. The greatcoat was friend to him because it was at that place for him. It gave him a sense of security and it protected him in the cold Petersburg clime. The new greatcoat, the symbol for Akaky Akakievich? s new life, was but a few pieces of fabric sewn together. However, to Akaky it was much more. It did more for him than anyone in his life of all time had and for that ground, he cared for it more than anything else in his life. His dependence on it had no boundaries and he cherished what it gave to him. A friendly relationship, a universe, a life.

Friday, November 29, 2019

World War I Essays - Military History By Country,

World War I The name commonly given to the war of 1914-1918, which began in Europe and was fought principally on that continent but eventually involved all the continents of the world. While the wars between Great Britain and France from 1689 to 1815 had been extended to North America, Africa, and Asia, they remained wars between European governments. The term "world war" is properly applied to the conflict of 1914-1918 because the various parts of the British Empire in all continents as well as many countries in Asia and North and South America participated in it. For the first time, all the great powers of the world were engaged: Austria-Hungary, France, Germany, Great Britain, Italy, and Russia in Europe; Japan in Asia; and the United States in North America. It is estimated that by the end of the war about 93 percent of the population of the world was in greater or less degree involved. The two opposing sides in the war were; The Allies Or Entente Powers Britain, France, Russia (left December 1917), Italy (entered May 1915), Serbia, Belgium, Romania (entered August 1916), USA (entered April 1917) The Central Powers Germany, Austria-Hungary, Turkey (entered November 1914), Bulgaria (entered 1915) THE ENTERY OF THE USA TO THE WORLD WAR I The United States was never neutral throughout The Great War, despite the President Woodrow Wilson's declaration of neutrality, and a direct declaration of war against the Central Powers was an inescapable occurrence. When war was come into existence in Europe in 1914, it was impossible for the United States, an emerging world power, to avoid conflict despite its efforts to. President Wilson immediately issued a declaration of neutrality because entering into a war would be against the prevalent progressive spirit of the time and America had a tradition of avoiding European conflicts whenever possible. Nevertheless, The United States remained completely neutral from 1914-1917. " Continued interruption of trade and travel on the seas by both the allies and central powers, especially attacks by German submarines, which was the main reason for the United States to enter the war in 1917." Great Britain's powerful navy quickly took control of the Atlantic and set up a blockade, cutting off American trade with Germany. Germany, on the other hand, attacked British supply lines with their new invention, the U-boat. The United States accepted Great Britain's blockade and stopped trade with Germany, although a demand by the United States that free trade allowed surely have been agreed to. On the other hand, instead of accepting Germany's attempt to stop American shipping to the Allies, Wilson demanded that Germany stop all attacks on American ships, but accepted nearly the same thing when perpetrated by the British. The population of America, although against involvement in the war, supported the Allied cause. This was due to both the cultural similarities and roots shared between the United States and Great Britain and the large scale British propaganda campaign in America, in an attempt to get the United States involved in the war. The propaganda along with German practices of sinking ships without giving passengers a chance to escape and attacking the neutral country of Belgium (both of which violated international law) led to an intense Anti-German sentiment throughout the population. America was clearly not a neutral country, but Americans did not wish to become directly involved in the war. German U-boats had taken many American lives with their attacks on merchant ships, including the Lusitania where 128 Americans were killed, which lead to America demanding an end to the U-boat attacks. The Germans responded by temporally ceasing submarine warfare in 1916 under the Sussex Pledge until 1917 when Germany announced the continuation of submarine warfare and ended diplomatic relations with the United States. In an attempt to eliminate the threat of American involvement in Europe, Foreign Minister Alfred Zimmerman of Germany attempted to provoke Mexico into attacking the United States with the promising her Texas, New Mexico and Arizona in return. The British decoded a message containing Zimmerman's intent and sent to the US, further swaying Americans to action. Berlin, January 19, 1917 "On the first of February we intend to begin submarine warfare unrestricted. In spite of this, it is our intention to endeavor to keep neutral the United States of America. If this attempt is not successful, we propose an alliance on the following basis with Mexico: That we shall make war together and together make peace. We shall give general financial support, and it is understood that Mexico is to reconquer the lost territory in New

Monday, November 25, 2019

Bacillus Anthracis essays

Bacillus Anthracis essays The bacteria Bacillus anthracis, the etiologic agent of Anthrax, is a large, gram positive, sporulating rod. Approximately 2-6 Â µm in length, this bacterium can be cultivated in ordinary nutrient medium under aerobic or anaerobic conditions. More commonly recognized by the name Anthrax, this bacterial pathogen is primarily a disease of domesticated and wild animals, particularly herbivorous animals, such as cattle, sheep, horses, mules, and goats. Humans become infected incidentally when brought into contact with diseased animals, which includes their flesh, bones, hides, hair and excrement. Recent bio-terrorism events in history dictate the necessity for a complete understanding of Anthrax and its infectious abilities. Unfortunately, the road to such discovery is long and arduous. The virulence of Anthrax depends on two factors: the bacterial capsule and the toxin complex. All virulent strains of B. anthracis form a single antigenic type of capsule consisting of a poly-D-glutamate polypeptide. The unusual poly-D-glutamyl acid capsule is itself nontoxic, but functions to protect the organism against the bactericidal components of serum and phagocytes and against phagocytic engulfment. Capsule production depends on a 60-megadalton plasmid, pX02; its transfer to nonencapsulated B. anthracis via transduction produces the encapsulated phenotype. The capsule plays its most important role during the establishment of the infection and a less significant role in the terminal phases of the disease, which are mediated by the Anthrax toxin. The Anthrax toxins are composed of three proteins: the protective antigen, the lethal factor and the edema factor. The protective antigen is an 83-kd protein that binds to the target cell receptors. Once bound, a 20-kd fragment is proteolysed, thus exposing an additional binding site. This binding site can combine with either edema factor (89-kd protein) to form edema toxin, or lethal factor...

Friday, November 22, 2019

Withdrawal Are Soliders from Iraq or Stay Essay Example | Topics and Well Written Essays - 500 words

Withdrawal Are Soliders from Iraq or Stay - Essay Example The war has created an unexpectedly resilient insurgency in Iraq as well as sectarian violence. Although a new Iraqi government was formed, government in the Anbar province has collapsed and a Marine analyst has recently concluded there is nothing the U.S. can do to improve the situation politically or socially there (Ricks A01). Without a clear rationale or evidence of weapons of mass destruction, and with more proof that Saddam Hussein had nothing to do with Al Qaeda, the Iraq war is looking more and more irrelevant to the war on terror in the eyes of the American public. If U.S. troops are not somehow extricated from Iraq, it appears the situation there will only worsen. Daily bombings of U.S. troops can continue to be expected, as there seems to be no way to eliminate this type of attack. The insurgency grows stronger as a generation of people in the Middle East view the U.S. as occupiers. The growing violence between Sunnis and Shiites is increasingly endangering the ordinary people of Iraq. Opponents of pulling out of Iraq have many legitimate concerns and claims. For instance, some insist America would be admitting defeat to the terrorists by leaving Iraq. Some claim the U.S. troops are needed in Iraq in order to ensure a democratic government is established there. There is also the claim that since there have been no more attacks on American soil since 9-11, this shows that the war in Iraq is working as a deterrent. Another claim is that keeping troops in Iraq provides Al Qaeda groups with an overseas target in the ongoing terror war, making the American public safer at home, by bringing the war to the enemy. Each of these concerns and claims should be considered during a pullout of troops from Iraq. The stigma of defeat is harmful to the U.S. image, but the message sent to the world when America conducted a pre-emptive strike against a country was far more damaging to its image and set a destabilizing

Wednesday, November 20, 2019

Togo Essay Example | Topics and Well Written Essays - 750 words

Togo - Essay Example The first elected president of Togo is Sylvanus Olympio on the elections of 1960 by beating Nicolas Grunitizky, the candidate supported by France. On January 13, 1963, the Olympio government is reversed by a military putsch organized by Nicolas Grunitizky and Etienne Gnassingb Eyadema then simple sergeant. After the assassination of Olympio, Grunitizky proclaims president. Its reign will be short, because in 1967 he is relieved by Gnassingb Eyadema who decided to seize power himself. His dictatorial attitude common to many African dirigants enables him to direct the country during 38 years he dies on February 5, 2005, which will enable him to dispute to Fidel Castro the title of "dictator longest in activity". The current president is the son of the former dictator Faure Gnassinbe, having taken the capacity after "elections". From an economic point of view Togo is one of the poorest countries of Africa. The situation could however have been different. The beginnings of the Eyadema reign of were lucky as well on the political than the economical point of view. It is unfortunately an economy made a long time of corruption, amateurism and improvisations. All the models were copied with more or less failure. From the "Chinese" economical plans, without any budgetary provision, to the Israeli co-operative plan, a common point characterizes all its stages: the absence of long-term prospect and ideological or theoretical bases. In 1967 the new port stimulated the economy, the extraction of phosphate had just been grinds and the modest industrialization still started by the first president seemed to succeed. The courses of the cocoa and the coffee were excellent. During 19 years Togo will know a certain stability period and even a relative prosperity because of very great phosphate resources (4th world producer, the resources are exploited by alien companies which pay a royalty to the Togolese government). However at the end of 1982, the country is in crisis and strongly involves in debt. President does not have other choices than respect the conditions of the experts of the International Monetary International Monetary Fund as well as the World Bank and France," The purse being empty". Alas as it is current in African countries, measurements are awkwardly applied with the result that the economic situation of the country is not improved on the contrary. The agricultural revolution for example starts by the president is by a failure, until our days Togo is still not self-sufficing in food goods. It is a result which however was foreseeable; it is indeed foolish to think that one can make pass directly to tractor a farmer who, all its life, ever uses hoe and machete without any preliminary formation. Hundreds of tractors were thus bought while the hangars where they would have being preserves had not been even built. The only positive point of this revolution was a considerable increase in the cotton production, from 1959 to 1989 the production increased: 2000 to 40000 tons. The industrialization or rather the attempt at industrialization of the country was quite as catastrophic. Until the phosphates boom of the country followed a careful course of industrialization which really succeeded, however later the president launched out in a series of useless and very expensive projects which

Monday, November 18, 2019

Latin influence in America social and cultural differences in Business Essay

Latin influence in America social and cultural differences in Business - Essay Example With regard to them, inside cohesiveness is important in that they want to guarantee that there are no betrayals within business. Apart from these attitudes of loyalty and brotherhood in a business, they also tend to have a sense of fair competition which is achieved through agreeing with the competitors and setting the standard of competition. These cultural attitudes towards business are founded on the earlier foundation of Latin business which would be more included to mafia like associations with string completion which went beyond just business competition. Americans have a different culture with regard business which conducts open competition, open membership which mean that the associates of a business do not necessarily have to be close members. Dogmatic loyalty is not necessary as the business are driven by a common agreement which is professional and written on paper as per the ay the business is supposed to be run. The Latin culture has been regarded by Americans as wrong and not good for business. It has also influenced American business in a number of ways. To begin with, most of these businesses have also invested in the American economy. Most mafia-like organizations which are of Latin origin and run in accordance with Latin culture can be seen as establishing their businesses in United States America. Unlike in earlier days where such businesses would operate unofficially and in most cases illegally due to their nature which was more criminal than anything else, today most of these businesses can invest in legitimate businesses such as the real estate (Forbes, Inc). In the modern America, these mafia-like busses own a substantive amount of the real estate wealth in major cities such as Los Angeles. They are able to operate legitimately and to have assets that are legal. This has influenced the way business is done in America, especially