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Wiki Wiki Summary
Climate risk Climate risk refers to risk assessments based on formal analysis of the consequences, likelihoods and responses to the impacts of climate change and how societal constraints shape adaptation options. Common approaches to risk assessment and risk management strategies based on natural hazards have been applied to climate change impacts although there are distinct differences.
Academia Sporting The Academia Sporting (English: Sporting Academy) or Academia Cristiano Ronaldo is the name given to Sporting's training facilities located outside Alcochete, Portugal.\n\n\n== History ==\nThe Sporting Academy was inaugurated in 2002 in Portugal.The academy was one of the training grounds for the Portugal national football team during Euro 2004.
Exchange rate In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro.
Euro Europe is a continent, also recognised as a part of Eurasia, located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Asia and Africa.
Bank of England note issues The Bank of England, which is now the central bank of the United Kingdom, British Crown Dependencies and British Overseas Territories, has issued banknotes since 1694. In 1921 the Bank of England gained a legal monopoly on the issue of banknotes in England and Wales, a process that started with the Bank Charter Act of 1844 when the ability of other banks to issue notes was restricted.
Strong dollar policy The strong dollar policy is the United States economic policy based on the assumption that a strong exchange rate of the United States dollar (where a smaller dollar amount is needed to buy the same amount of other currency than would otherwise be the case) is in the interests of the United States and the whole world. It is said to be also driven by a desire to encourage foreign bondholders to buy more Treasury securities.
Semiconductor industry The semiconductor industry is the aggregate of companies engaged in the design and fabrication of semiconductors and semiconductor devices, such as transistors and integrated circuits. It formed around 1960, once the fabrication of semiconductor devices became a viable business.
Early 1980s recession The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and early 1983. It is widely considered to have been the most severe recession since World War II. A key event leading to the recession was the 1979 energy crisis, mostly caused by the Iranian Revolution which caused a disruption to the global oil supply, which saw oil prices rising sharply in 1979 and early 1980.
Pratītyasamutpāda Pratītyasamutpāda (Sanskrit: प्रतीत्यसमुत्पाद, Pāli: paṭiccasamuppāda), commonly translated as dependent origination, or dependent arising, is a key doctrine in Buddhism shared by all schools of Buddhism. It states that all dharmas (phenomena) arise in dependence upon other dharmas: "if this exists, that exists; if this ceases to exist, that also ceases to exist".
Presidential Security Group The Presidential Security Group, shortened as PSG, is a Philippine close protection agency. It is the primary agency concerned with providing close-in security and escort to the president and the vice president of the Philippines, their immediate families, former presidents and vice presidents of the Philippines as well as visiting heads of state.
Online service provider An online service provider (OSP) can, for example, be an Internet service provider, an email provider, a news provider (press), an entertainment provider (music, movies), a search engine, an e-commerce site, an online banking site, a health site, an official government site, social media, a wiki, or a Usenet newsgroup.In its original more limited definition, it referred only to a commercial computer communication service in which paid members could dial via a computer modem the service's private computer network and access various services and information resources such as bulletin board systems, downloadable files and programs, news articles, chat rooms, and electronic mail services. The term "online service" was also used in references to these dial-up services.
May May is the fifth month of the year in the Julian and Gregorian calendars and the third of seven months to have a length of 31 days.\nMay is a month of spring in the Northern Hemisphere and autumn in the Southern Hemisphere.
IATA delay codes IATA delay codes were created to standardise the reporting by airlines of commercial flight departure delays.\nPreviously, every airline had its own system, which made the sharing and aggregation of flight delay information difficult.
Financial engineering Financial engineering is a multidisciplinary field involving financial theory, methods of engineering, tools of mathematics and the practice of programming. It has also been defined as the application of technical methods, especially from mathematical finance and computational finance, in the practice of finance.Financial engineering plays a key role in the customer-driven derivatives business \n— delivering bespoke OTC-contracts and "exotics", and implementing various structured products — \nwhich encompasses quantitative modelling, quantitative programming and risk managing financial products in compliance with the regulations and Basel capital/liquidity requirements.
Fondinvest Capital Fondinvest Capital is a French private equity firm, focused on European lower and mid-market private equity funds. \nThe firm was founded in 1994 by Caisse des Dépôts et Consignations ("CDC"), the French state-owned financial institution, as an internal unit to manage private equity investments.
Sustainable development Sustainable development is an organizing principle for meeting human development goals while also sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. The desired result is a state of society where living conditions and resources are used to continue to meet human needs without undermining the integrity and stability of the natural system.
Brand-new "Brand New Key" is a pop song written and sung by folk music singer Melanie. Initially a track of Melanie's album Gather Me, produced by Melanie's husband Peter Schekeryk, it was known also as "The Rollerskate Song" due to its chorus.
Species affected by poaching Species affected by poaching refers both to the effects of illegal hunting and fishing or capturing of wild animals on certain species, and, in a recent usage, the illegal harvesting of wild plant species. The article provides an overview of species currently endangered or impaired by poaching in the Americas, sub-Saharan Africa, and South-East Asia.
Theorem of corresponding states According to van der Waals, the theorem of corresponding states (or principle/law of corresponding states) indicates that all fluids, when compared at the same reduced temperature and reduced pressure, have approximately the same compressibility factor and all deviate from ideal gas behavior to about the same degree.Material constants that vary for each type of material are eliminated, in a recast reduced form of a constitutive equation. The reduced variables are defined in terms of critical variables.
Cathodic protection Cathodic protection (CP; (listen)) is a technique used to control the corrosion of a metal surface by making it the cathode of an electrochemical cell. A simple method of protection connects the metal to be protected to a more easily corroded "sacrificial metal" to act as the anode.
Intellectual property in China Intellectual property rights (IPRs) have been acknowledged and protected in China since the 1980s. China has acceded to the major international conventions on protection of rights to intellectual property.
Homeowner association A homeowner association (or homeowners' association, abbreviated HOA, sometimes referred to as a property owners' association or POA), or a homeowner community, is a private association-like entity often formed either ipso jure in a building with multiple owner-occupancies, or by a real estate developer for the purpose of marketing, managing, and selling homes and lots in a residential subdivision. In the United States, the developer will typically transfer control of the association to the homeowners after selling a predetermined number of lots.
Vicarious liability in English law Vicarious liability in English law is a doctrine of English tort law that imposes strict liability on employers for the wrongdoings of their employees. Generally, an employer will be held liable for any tort committed while an employee is conducting their duties.
Denial-of-service attack In computing, a denial-of-service attack (DoS attack) is a cyber-attack in which the perpetrator seeks to make a machine or network resource unavailable to its intended users by temporarily or indefinitely disrupting services of a host connected to a network. Denial of service is typically accomplished by flooding the targeted machine or resource with superfluous requests in an attempt to overload systems and prevent some or all legitimate requests from being fulfilled.In a distributed denial-of-service attack (DDoS attack), the incoming traffic flooding the victim originates from many different sources.
December December is the twelfth and the final month of the year in the Julian and Gregorian calendars. It is also the last of seven months to have a length of 31 days.
December 7 December 3 is the 337th day of the year (338th in leap years) in the Gregorian calendar; 28 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n915 – Pope John X crowns Berengar I of Italy as Holy Roman Emperor (probable date).
Effects of nuclear explosions The effects of a nuclear explosion on its immediate vicinity are typically much more destructive and multifaceted than those caused by conventional explosives. In most cases, the energy released from a nuclear weapon detonated within the lower atmosphere can be approximately divided into four basic categories:\nthe blast itself: 50% of total energy\nthermal radiation: 30–50% of total energy\nionizing radiation: 5% of total energy (more in a neutron bomb)\nresidual radiation: 5–10% of total energy with the mass of the explosion.Depending on the design of the weapon and the location in which it is detonated, the energy distributed to any one of these categories may be significantly higher or lower.
Procurement Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. When a governing body acquires goods through this practice, it is referred to as public procurement.Procurement generally involves making buying decisions under conditions of scarcity.
Gross fixed capital formation Gross fixed capital formation (GFCF) is a macroeconomic concept used in official national accounts such as the United Nations System of National Accounts (UNSNA), National Income and Product Accounts (NIPA) and the European System of Accounts (ESA). The concept dates back to the National Bureau of Economic Research (NBER) studies of Simon Kuznets of capital formation in the 1930s, and standard measures for it were adopted in the 1950s.
Yield curve In finance, the yield curve is a graph which depicts how the yields on debt instruments - such as bonds - vary as a function of their years remaining to maturity. Typically, the graph's horizontal or x-axis is a time line of months or years remaining to maturity, with the shortest maturity on the left and progressively longer time periods on the right.
Performance A performance is an act of staging or presenting a play, concert, or other form of entertainment. It is also defined as the action or process of carrying out or accomplishing an action, task, or function.
Coagulation Coagulation, also known as clotting, is the process by which blood changes from a liquid to a gel, forming a blood clot. It potentially results in hemostasis, the cessation of blood loss from a damaged vessel, followed by repair.
Futures studies Futures studies, futures research, futurism or futurology is the systematic, interdisciplinary and holistic study of social and technological advancement, and other environmental trends, often for the purpose of exploring how people will live and work in the future. Predictive techniques, such as forecasting, can be applied, but contemporary futures studies scholars emphasize the importance of systematically exploring alternatives.
Relative clause A relative clause is a clause that modifies a noun or noun phrase and uses some grammatical device to indicate that one of the arguments in the relative clause refers to the noun or noun phrase. For example, in the sentence I met a man who wasn't too sure of himself, the subordinate clause who wasn't too sure of himself is a relative clause since it modifies the noun man and uses the pronoun who to indicate that the same "man" is referred to in the subordinate clause (in this case as its subject).
Prior consistent statements and prior inconsistent statements Prior consistent statements and prior inconsistent statements, in the law of evidence, occur where a witness, testifying at trial, makes a statement that is either consistent or inconsistent, respectively, with a previous statement given at an earlier time such as during a discovery, interview, or interrogation. The examiner can impeach the witness when an inconsistent statement is found, and may conversely bolster the credibility of an impeached witness with a prior consistent statement.
Regulatory capitalism Regulatory capitalism suggests that the operation maintenance and development of the international political economy increasingly depends on administrative rules outside the legislatures and the courts. In other words, it tells us that capitalism is a regulatory institution – one that is being constituted, shaped, constrained and expanded as a historically woven patchwork of regulatory institutions, strategies, and functions.Although this patchwork varies widely across regions, nations, regimes, sectors, issues, and arenas, the general trend despite and beyond the process of liberalization is that of growth rather than decline of the role regulation in shaping policy and politics.
Non-tariff barriers to trade Non-tariff barriers to trade (NTBs; also called non-tariff measures, NTMs) are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs.\nThe Southern African Development Community (SADC) defines a non-tariff barrier as "any obstacle to international trade that is not an import or export duty.
Nuclear Threat Initiative The Nuclear Threat Initiative (NTI) is a nonpartisan, nonprofit organization founded in 2001 by former U.S. Senator Sam Nunn and philanthropist Ted Turner in the United States, which works to prevent catastrophic attacks and accidents with weapons of mass destruction and disruption – especially nuclear, biological, radiological, chemical, and cybersecurity.\n\n\n== Mission ==\nNTI has been engaged in developing, shaping, and implementing nuclear security projects.
Risk Factors
K TRON INTERNATIONAL INC Item 1A Risk Factors
Risks Associated with Business Activities Competition could adversely affect our results of operations
Many of our products are sold in highly competitive markets in the Americas, Europe, the Middle East and Asia, and some of our competitors may have financial resources that are substantially greater than ours
We believe that over the past several years we have experienced increased price competition in many of our markets
Competitive pressures could cause our products to lose market share or result in significant price erosion which would have an adverse effect on our results of operations
- 11 - _________________________________________________________________ Our substantial sales abroad subject us to the risk of adverse foreign currency fluctuations which could negatively impact our results of operations
We are an international company, and we derived approximately 38prca, 43prca and 41prca of our 2005, 2004 and 2003 revenues from products manufactured in, and services performed from, our facilities located outside the United States, primarily in Europe
We expect that international sales will continue to account for a significant portion of our sales in future periods
International sales are subject to fluctuations in exchange rates, which may have an adverse effect on our business and operating results
Also, since the results of operations of our subsidiaries are translated into US dollars, fluctuations in exchange rates, particularly among the US dollar, Swiss franc, euro and British pound sterling, will affect the US dollar amount of these results
In addition, since our subsidiaries sell into other countries, these transactions are affected by fluctuations in the relevant cross exchange rates
We operate in cyclical industries
During periods of economic expansion, particularly when capital spending is increasing, we generally benefit from increased demand for our products
During periods of economic contraction, we are generally adversely affected by declining demand for our products
Also, there can be no assurance that an increase in demand or an economic expansion will be sustained in the markets in which we sell our products
The loss of a large customer could have an adverse effect on our operating results
In 2005, our top five customers accounted for approximately 7prca of total revenues
The loss of, or significant curtailment of purchases by, one or more of our large customers could have an adverse effect on our operating results
We are dependent on our key personnel
We are dependent upon the continued services of certain key officers and management and operating personnel
The loss of key personnel could have an adverse effect on us
We do not maintain “key man” insurance for any of our officers
Our continued success also depends on our ability to attract and retain a skilled labor force
There can be no assurance that we will be successful in attracting and retaining the personnel we require either to maintain our business or expand our operations
We are dependent on some of our suppliers
Each product produced by us requires the supply of various components, some of which may be specially engineered to meet our requirements
Supply of these components can be affected by numerous factors beyond our control
While certain of these components are obtained from a limited number of sources, we have potential alternate suppliers for most of the specialty components used in our assembly operations
There can be no assurance, however, that we will not experience shortages or be forced to seek alternative sources of supply which may increase costs or adversely affect our ability to fulfill orders in a timely fashion
- 12 - _________________________________________________________________ We engage in acquisitions, and we may encounter difficulties in integrating these businesses and, therefore, may not realize the anticipated benefits of the acquisitions
We are a company that, from time to time, seeks to grow through strategic acquisitions
In the past, we have made acquisitions intended to complement or expand our business, and we may continue to do so in the future
The success of these transactions may depend on our ability to integrate assets and personnel acquired in these transactions without substantial costs, delays or other operational or financial problems
We may encounter difficulties in integrating acquisitions with our operations or in separately managing a new business
Furthermore, we may not realize the degree or timing of benefits that we anticipate when we first enter into a transaction
Any of the foregoing could adversely affect our business and results of operations
Our operating results depend in part on continued successful research, development and marketing of new or improved products, and there can be no assurance that we will continue successfully to introduce new products on a timely and cost-effective basis
The success of new and improved products depends on their initial and continued acceptance by our customers
Our businesses are affected by varying degrees of technological change and corresponding shifts in customer demand, which may result in product transitions, shortened life cycles and an increased importance of being first to market with new products
We may experience difficulties or delays in the research, development, production or marketing of new products, and this may negatively impact our operating results and prevent us from recouping or realizing a return on the investments required to bring new products to market on a timely and cost-effective basis
Protection and validity of our patents and intellectual property rights, or the efforts of third parties to enforce their own intellectual property rights against us, may in the future result in costly and time-consuming litigation
We may be required to initiate litigation in order to enforce any patents issued to or licensed by us, or to determine the scope and validity of a third party’s patents or other proprietary rights
In addition, we may be subject to lawsuits by third parties seeking to enforce their own intellectual property rights
Any such litigation, regardless of outcome, could be expensive and time consuming, and could subject us to significant liabilities or require us to re-engineer our products or obtain expensive licenses from third parties
We may be subject to costly litigation and governmental proceedings which could adversely affect our results of operations
From time to time, we may be subject to various claims and lawsuits by the government, competitors, customers or other persons arising in the ordinary course of business
Such matters can be time-consuming, divert management’s attention and resources, and cause us to incur significant expenses
Furthermore, there can be no assurance that the results of any of these actions will not have an adverse effect on our operating results
Our indebtedness may affect our business and may restrict our operating flexibility
As of December 31, 2005, we had approximately dlra16cmam802cmam000 of outstanding indebtedness under our US credit facilities, while nothing was borrowed under our Swiss credit facilities
Our level of indebtedness and the debt servicing costs associated with that indebtedness could have important effects on our operations and business strategy
For example, our indebtedness could: - 13 - _________________________________________________________________ • limit our flexibility in planning for, or reacting to, changes in our businesses or in the markets in which we compete; • place us at a competitive disadvantage relative to our competitors, some of which may have lower debt service obligations and greater financial resources than we do; • limit our ability to borrow additional funds; • limit our ability to make future acquisitions; • limit our ability to make capital expenditures; • limit our ability to conduct research and development; and • increase our vulnerability to adverse economic, financial market and industry conditions, including recessions and higher interest rates
Our ability to make scheduled payments of principal of, to pay interest on, or to refinance our indebtedness and to satisfy our other obligations will depend on our future operating performance, which may be affected by factors beyond our control
In addition, there can be no assurance that future borrowings or equity financings will be available to us on favorable terms for the payment or refinancing of our indebtedness
If we are unable to service our indebtedness, our business, financial condition and results of operations would be materially adversely affected
Political and economic events and health issues in the United States or abroad may subject us to numerous risks which could have an adverse effect on operating results, including restrictive trade policies, unfavorable economic conditions in certain local markets, health and epidemic concerns, inconsistent product regulation or other changes in regulatory and other legal requirements, the imposition of product tariffs and the burdens of complying with a wide variety of international and US export laws and differing regulatory requirements
Terrorist attacks and threats may disrupt our operations and negatively impact our revenues, costs and stock price
The terrorist attacks in September 2001 in the US, the US response to those attacks and the resulting decline in consumer confidence had a substantial adverse impact on the US economy
Any similar future events may disrupt our operations or those of our customers and suppliers
In addition, these events have had and may continue to have an adverse impact on the US and world economies in general and consumer confidence and spending in particular, which could harm our sales
Any new terrorist events or threats could have a negative impact in the US and world financial markets, which could reduce the price of our Common Stock and limit the capital resources available to us and our customers and suppliers
This could have a significant impact on our operating results, revenues and costs and might result in increased volatility in the market price of our Common Stock