Financial Analysis of Foreign Operations: The Effect of Foreign Currency Translation

Financial statement analysis of multinational corporations (MNCs) is becoming increasingly complex, due to the further globalization of MNCs and the development of a world economy. MNCs are expanding their markets overseas to become globally competitive. No longer is the international dimension of their businesses only a mere portion of their total activity. The economic organization of Western Europe and the creation of a new market in Eastern Europe are two forces augmenting the world economy. Couple with existing competition from the Far East, U.S. MNCs are entering world markets at an accelerated pace. This is both an opportunity and a necessity for U.S. MNCs

The Safety and Environmental Effects of Nuclear Power Plants

The nuclear power plant has given new direction to power generation. It offers a new source of heat. The heat can now come from the fission of atomic fuel and not from the burning of fossil fuel. Safety and protection from the possible hazards of radioactivity generated by nuclear power plants is a completely new and untested area. Emergency systems and over designed construction are only part of what has to be done to make absolutely certain such accidents, if they occur, will be contained allowing no harmful radioactivity to reach the environment. Handling of radioactive wastes is very critical in a nuclear power plant. These wastes have to be stored in protective containers and transported to predetermined storage sites. At these sites the containers of radioactive wastes are lowered into large salt mines. Licensing and regulation of nuclear power plants during construction and operation is the responsibility of the Atomic Energy Commission. The five member federal panel has issues strict requirements that must be met in each step in the process of obtaining permits and licenses, construction, and generation

The Trident Submarine in Bureaucratic Perspective

For several years in the mid-1970s it appeared the Trident submarine program might be the most controversial weapon ever built--it was subjected to widespread reports of cost overruns, Navy criticisms of Electric Boat Company\u27s construction errors, and threats to build the submarines in other countries. Such did not become a reality, partly because the MX missile absorbed much of the previous criticism of strategic weapons programs and partly because both the Navy and Electric Boat solved many of the problems plaguing the system

Financing the Postwar Housing Boom In Phoenix and Los Angeles, 1945-1960

This article compares the real estate markets in Los Angeles, CA to Phoenix, AZ

Financing the Postwar Housing Boom in Phoenix and Los Angeles, 1945-1960

This article compares the real estate markets in Los Angeles, CA to Phoenix, AZ

The Panic of 1857: Origins, Transmission, and Containment

We explain the origins of the Panic of 1857, examine its spread, and compare state banking systems's responses. We describe the decline in western land and railroad investments and the consequent stress on securities brokers and banks in eastern cities, and trace the transmission of the shock to other regions. Bank performance depended not only on regional conditions and links to eastern banks, but on the ability to coordinate behavior. Southern branch banks and coinsuring banks in Ohio and Indiana were particularly successful