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The Triangle Shirtwaist Fire A Case Study - 908 Words

Von Drehle (2004) outlines the Triangle Shirtwaist fire as a tragedy of the gilded age. The fire occurred in New York in 1911, and 146 people perished. The fire broke out in a shirtwaist or blouse factory in Greenwich Village. The workers inside, most of them Jewish women, worked in sweatshop conditions common to the industry at the time. They worked in the factory to support their families, and often had no other means of support. They had little or no say over their working conditions, which was standard practice at the time. While there were activists who fought for workers rights, in that era they had little power. The factory had little fire control equipment or other safety standards, and this lack of standards allowed the fire to spread rapidly. The locks to the factory had been locked from the outside ostensibly to prevent theft and as a result the workers were trapped inside the factory during the inferno. Many of those who died had jumped to their deaths to escape the blaze . While the owners of the factory were acquitted on their charges, the fire led to dramatic changes in workers protections and womens rights. Pence et al (2003) argue that the fire and its sensational trial was the genesis of laws safeguarding workers in addition to being a seminal moment in womens rights. On the former point, the fire can be viewed in the context of Gilded Age business practices. Von Drehle notes that there were few safety codes on the books at the time. The idea ofShow MoreRelatedThe True Cost Of The Garment Industry1017 Words   |  5 Pagestougher workplace safety but it is appropriate for Bangladesh to have lower standards because the country is a a lot poorer than what Americans are used to in the United States (Rees). He states that over the past 100 years (since the Triangle Shirtwaist factory fire) the American workforce has gotten safer and Bangladesh in the past 20 years has gotten a lot richer (Rees). III. Argument United Kingdom human rights group, Behind the Labour argues that, sweatshops do not alleviate poverty, theRead MoreJob Satisfaction : Traditional And Modern Study4181 Words   |  17 PagesJob Satisfaction: Traditional and modern study In the classic block buster movie from 1956, the legendary actor Charlton Heston playing the role of Moses’ declared to Pharaoh â€Å"Let my people go† (Exodus 5:1, New International Version). This is a reenactment of the Old Testament account from the Book of Exodus, where Moses is referring the Jewish people that are being used as slave labor by the Egyptians to build the pyramids. Archeologists and historians estimate the story of Exodus originated betweenRead MoreEssay on The Role of Labor in American History9019 Words   |  37 Pagescan only touch the high spots of activity and identify the principal trends of a century of achievement. In such a condensation of history, episodes of importance and of great human drama must necessarily be discussed far too briefly, or in some cases relegated to a mere mention. What is clearly evident, however, is that the working people of America have had to unite in struggle to achieve the gains that they have accumulated during this century. Improvements did not come easily. OrganizingRead MoreInternational Management67196 Words   |  269 PagesHodgetts, Fred Luthans, Jonathan Doh. 6th ed. 2006. Includes bibliographical references and index. ISBN-13: 978-0-07-811257-7 ISBN-10: 0-07-811257-5 1. International business enterprises—Management. 2. International business enterprises—Management—Case studies. I. Doh, Jonathan P. II. Hodgetts, Richard M. International management. III. Title. HD62.4.H63 2012 658 .049—dc22 2011002070 www.mhhe.com Dedicated in Memory of Richard M. Hodgetts A Pioneer in International Management Education iii

Economics and Business Risk Information Free Essays

Risk Information Rating is an interactive process relying primarily in gathering information from the issuer and supplementing it with strategic information obtained from outside independent sources. The entire process Is aimed at evaluating (a) Financial Risk and (b) Business Risk Information with regard to (a) Is generally provided by the company requesting for rating and, only when necessary, such Information Is corroborated or complemented by Information from other sources. However, comprehensive information with regard to (b) is not readily available from any identifiable source. We will write a custom essay sample on Economics and Business Risk Information or any similar topic only for you Order Now PACRA has, therefore, proceeded to develop its own database consisting of economic data by industrial sub-sectors. Additionally, it continuously monitors macroeconomic developments and important government policy changes (like fiscal adjustments) for determining their likely impact on specific sectors and companies. PACRA does not assign unsolicited ratings. This policy is based on our sensitivity egarding the motivation for such a practice: globally, unsolicited ratings have come under criticism as they seem to be a means of pressurizing recalcitrant entitles to subject themselves to rating. Again, the value of credit rating flows from the Interactive nature of the exercise. Thus, unless the rated entity has an opportunity to share the reasons for any delinquent performance In the past and Its view on prospects, the rating opinion may not be reliable. The rating process begins with a careful review of an entitys published information. From this review, analysts (normally two, the lead and support analyst, are assigned to each rating assignment) determine what additional data are needed and a detailed questionnaire is sent to the client. An initial rating assessment is made and discussed internally. A discussion agenda is then prepared for a meeting with the client company’s senior management. The meeting Is wide-ranging, covering the company’s flnanclal position, earning trends, operating practices, competitive standing, future prospects, the economic environment and many other Issues that an have a bearing on PACRA’s assessment. In order to ensure full understanding of their position, companies entrust PACRA with confidential information, which is not disclosed in rating reports but which is certainly taken into account when assigning the ratings. In determining the initial ratings for an institution, a rating proposal is prepared based on the information gathered at the Management Meeting with the company, and is presented to the rating committee (comprising the Chairman, Managing Director, senior executives and the lead analyst). A draft rating report is then prepared and sent to the client for verification of the accuracy and confidentiality of the Information In the report. upon the client’s approval, the one-page summary of the report Is made public and a press release of the assigned rating Is Issued. The detailed rating report Is sent to the client. placed on ‘RatingWatch’. The rating is then upgraded, downgraded or maintained after assessing the impact of any such change. How to cite Economics and Business Risk Information, Papers