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Adverse (film) Adverse is a 2020 American crime thriller film written and directed by Brian Metcalf and starring Thomas Nicholas, Lou Diamond Phillips, Sean Astin, Kelly Arjen, Penelope Ann Miller, and Mickey Rourke. It premiered at the Fantasporto Film Festival, Portugal's largest film festival, on February 28, 2020.
Recession shapes Recession shapes or recovery shapes are used by economists to describe different types of recessions and their subsequent recoveries. There is no specific academic theory or classification system for recession shapes; rather the terminology is used as an informal shorthand to characterize recessions and their recoveries.
Great Recession in the United States The Great Recession in the United States was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output.
Immigration Immigration is the international movement of people to a destination country of which they are not natives or where they do not possess citizenship in order to settle as permanent residents or naturalized citizens. Commuters, tourists, and other short-term stays in a destination country do not fall under the definition of immigration or migration; seasonal labour immigration is sometimes included, however.
Copper-clad steel Copper-clad steel (CCS), also known as copper-covered steel or the trademarked name Copperweld is a bi-metallic product, mainly used in the wire industry that combines the high mechanical resistance of steel with the conductivity and corrosion resistance of copper.\nIt is mainly used for grounding purposes, line tracing to locate underground utilities, drop wire of telephone cables, and inner conductor of coaxial cables, including thin hookup cables like RG-174 and CATV cable.
Stainless steel Stainless steel: 276  is any of a group of ferrous alloys that contain a minimum of approximately 11% chromium,: 3  a composition that largely inhibits the iron from rusting and provides heat-resistant properties.: 3  Different types of stainless steel include the elements carbon, nitrogen, aluminium, silicon, sulfur, titanium, nickel, copper, selenium, niobium, and molybdenum.: 3  Specific types of stainless steel are often designated by their AISI three-digit number, e.g., 304 stainless. The ISO 15510 standard lists the chemical compositions of stainless steels of the specifications in existing ISO, ASTM, EN, JIS, and GB standards in a useful interchange table.Stainless steel's resistance to rusting results from the presence of chromium in the alloy, which forms a passive film that protects the underlying material from corrosion attack, and can self-heal in the presence of oxygen.: 3  Corrosion resistance can be increased further by the following means:\n\nincrease chromium content to more than 11%\nadd nickel to at least 8%\nadd molybdenum (which also improves resistance to pitting corrosion)The addition of nitrogen also improves resistance to pitting corrosion and increases mechanical strength.
Markov model In probability theory, a Markov model is a stochastic model used to model pseudo-randomly changing systems. It is assumed that future states depend only on the current state, not on the events that occurred before it (that is, it assumes the Markov property).
2002 United States steel tariff On March 5, 2002, U.S. President George W. Bush placed tariffs on imported steel. The tariffs took effect March 20 and were lifted by Bush on December 4, 2003.
Impact of the COVID-19 pandemic on education The COVID-19 pandemic has affected educational systems worldwide, leading to the near-total closures of schools, early childhood education and care (ECEC) services, universities and colleges. \nMost governments decided to temporarily close educational institutions in an attempt to reduce the spread of COVID-19.
Baumol's cost disease Baumol's cost disease, also known as the Baumol effect, is the rise of wages in jobs that have experienced little or no increase in labor productivity, in response to rising salaries in other jobs that have experienced higher productivity growth. The phenomenon was described by William J. Baumol and William G. Bowen in the 1960s and is an example of cross elasticity of demand.
Decline to State Decline to State (DTS) was an affiliation designation on the California voter registration form that allows voters to register to vote without choosing a party affiliation. It is similar to what in other states would be called declaring oneself as an independent.
Negative (photography) In photography, a negative is an image, usually on a strip or sheet of transparent plastic film, in which the lightest areas of the photographed subject appear darkest and the darkest areas appear lightest. This reversed order occurs because the extremely light-sensitive chemicals a camera film must use to capture an image quickly enough for ordinary picture-taking are darkened, rather than bleached, by exposure to light and subsequent photographic processing.
Arbitrage Arbitration, a form of alternative dispute resolution (ADR), is a way to resolve disputes outside the judiciary courts. The dispute will be decided by one or more persons (the 'arbitrators', 'arbiters' or 'arbitral tribunal'), which renders the 'arbitration award'.
Commodity In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price.
Bloomberg Commodity Index The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index distributed by Bloomberg Index Services Limited. The index was originally launched in 1998 as the Dow Jones-AIG Commodity Index (DJ-AIGCI) and renamed to Dow Jones-UBS Commodity Index (DJ-UBSCI) in 2009, when UBS acquired the index from AIG. On July 1, 2014, the index was rebranded under its current name.The BCOM tracks prices of futures contracts on physical commodities on the commodity markets.
Social environment The social environment, social context, sociocultural context or milieu refers to the immediate physical and social setting in which people live or in which something happens or develops. It includes the culture that the individual was educated or lives in, and the people and institutions with whom they interact.
Environment variable An environment variable is a dynamic-named value that can affect the way running processes will behave on a computer. They are part of the environment in which a process runs.
Wet market A wet market (also called a public market or a traditional market) is a marketplace selling fresh foods such as meat, fish, produce and other consumption-oriented perishable goods in a non-supermarket setting, as distinguished from "dry markets" that sell durable goods such as fabrics, kitchenwares and electronics. These include a wide variety of markets, such as farmers' markets, fish markets, and wildlife markets.
Credit Support Annex A Credit Support Annex, or CSA, is a legal document which regulates credit support (collateral) for derivative transactions. It is one of the four parts that make up an ISDA Master Agreement but is not mandatory.
Covenant of the pieces According to the Hebrew Bible, the covenant of the pieces or covenant between the parts (Hebrew: ברית בין הבתרים berith bein hebětarim) was an event in which God revealed himself to Abraham and made a covenant with him, in which God announced to Abraham that his descendants would eventually inherit the Land of Israel. This was one of the first in a series of covenants made between God and the biblical patriarchs.
List of 2021–22 NBA season transactions This is a list of transactions that have taken place during the 2021 NBA off-season and the 2021–22 NBA season. The season set a new record for the highest number of different players to appear in at least one game in a single season.
Mortgage loan A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination.
Prepaid mobile phone A prepaid mobile device, also known as a, pay-as-you-go (PAYG), pay-as-you-talk, pay and go, go-phone, prepay or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed.
Warranty deed A warranty deed is a type of deed where the grantor (seller) guarantees that they hold clear title to a piece of real estate and has a right to sell it to the grantee (buyer), in contrast to a quitclaim deed, where the seller does not guarantee that they hold title to a piece of real estate. A general warranty deed protects the grantee against title defects arising at any point in time, extending back to the property's origins.
Court of quarter sessions The courts of quarter sessions or quarter sessions were local courts traditionally held at four set times each year in the Kingdom of England from 1388 (extending also to Wales following the Act of Union, 1536). They were also established in Scotland, Ireland and in various other dominions of the British Empire.
Austin City Limits Austin City Limits is an American live music television program recorded produced by Austin PBS. The show helped Austin become widely known in the United States as the "Live Music Capital of the World", and is the only television show to receive the National Medal of Arts, which it was awarded in 2003. It also won a rare institutional Peabody Award in 2011 "for its more than three decades of presenting and preserving eclectic American musical genres".
Loan covenant A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or which possibly restricts certain activities to circumstances when other conditions are met.\nTypically, violation of a covenant may result in a default on the loan being declared, penalties being applied, or the loan being called.
Weather An interrogative word or question word is a function word used to ask a question, such as what, which, when, where, who, whom, whose, why, whether and how. They are sometimes called wh-words, because in English most of them start with wh- (compare Five Ws).
Bank reserves Bank reserves are a commercial bank's cash holdings physically held by the bank, and deposits held in the bank's account with the central bank. Under the fractional-reserve banking system used in most countries, central banks typically set minimum reserve requirements that require commercial banks under its purview to hold cash or deposits at the central bank equivalent to at least a prescribed percentage of their liabilities, such as customer deposits.
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Chernobyl disaster The Chernobyl disaster was a nuclear accident that occurred on 26 April 1986 at the No. 4 reactor in the Chernobyl Nuclear Power Plant, near the city of Pripyat in the north of the Ukrainian SSR in the Soviet Union.
Rutgers University–Newark Rutgers–Newark is one of three regional campuses of Rutgers University, New Jersey's State University. It is located in Newark.
Risk Factors
METAL MANAGEMENT INC Item 1A Risk Factors
9 ITEM 1A RISK FACTORS Set forth below are risks that we believe are material to our business operations
Additional risks and uncertainties not known to us or that we currently deem immaterial may also impair our business operations
THE METALS RECYCLING INDUSTRY IS HIGHLY CYCLICAL AND DEMAND FROM EXPORT MARKETS CAN BE VOLATILE The operating results of the scrap metals recycling industry in general, and our operations specifically, are highly cyclical in nature
They tend to reflect and be amplified by changes to general economic conditions, both domestically and internationally
Historically, in periods of national recession or periods of slowing economic growth in domestic or global economies, the results from operations of scrap metals recycling companies have been materially and adversely affected
For example, during recessions or periods of slowing economic growth, the automobile and the construction industries typically experience major cutbacks in production, resulting in decreased demand for steel, copper and aluminum
This leads to significant fluctuations in demand and pricing for our products
Economic downturns in the US or internationally could likely materially and adversely affect our results of operations and financial condition
Our ability to withstand significant economic downturns or recessions in the future will depend in part on our level of capital and liquidity at the time
Our business may also be adversely affected by increases in steel imports into the US which will generally have an adverse impact on domestic steel production and a corresponding adverse impact on the demand for scrap metals
Additionally, our business could be negatively affected by strengthening in the US dollar or increased freight costs which could negatively impact export sales and a stronger US dollar could also attract imports of scrap or scrap substitutes
While volatile metals markets have generally been robust for the last three years and to meet surging demand we have expanded infrastructure, hired employees, and have generally added to fixed costs
When metals markets weaken, if we are unable to reduce fixed costs commensurately, we could experience declines in earnings
Declines in earnings could negatively affect cash flows and capitalization and, potentially, the market price for our common stock
PRICES OF COMMODITIES WE OWN MAY BE VOLATILE AND MARKETS ARE COMPETITIVE Although our goal is to turn over our inventory of raw or processed scrap metals as rapidly as possible, we are exposed to commodity price risk during the period that we have title to products that are held in inventory for processing and/or resale
Prices of commodities, including scrap metals, can be volatile due to numerous factors beyond our control, including: -- general economic conditions; -- labor costs; -- competition; -- financial condition of our major customers; -- access to and costs associated with transportation systems; -- the availability of imports; -- the availability and relative pricing of scrap metal substitutes (eg, pig iron) and coke and iron ore; and -- import duties, ocean freight costs, tariffs and currency exchange rates
In an increasing price environment for raw materials, competitive conditions may limit our ability to pass on price increases to our consumers
In a decreasing price environment for processed scrap, we may not have the ability to fully recoup the cost of raw scrap metal we process and sell to our customers
New entrants into our markets could result in higher purchase prices for raw materials and lower margins from our scrap metals
THE PROFITABILITY OF OUR SCRAP RECYCLING OPERATIONS DEPENDS, IN PART, ON THE AVAILABILITY OF AN ADEQUATE SOURCE OF SUPPLY We procure our scrap inventory from numerous sources
These suppliers generally are not bound by long-term contracts and have no obligation to sell scrap metals to us
In periods of low industry prices, suppliers may elect to hold scrap to wait for higher prices or slow scrap collection activities
If a substantial number of 9 scrap suppliers cease selling scrap metals to us, we would be unable to recycle metals at desired levels and our results of operations or financial condition could be materially and adversely affected
In addition, a slowdown of industrial production in the US would reduce the supply of industrial grades of scrap metal to our industry
OUR INDEBTEDNESS CONTAINS COVENANTS THAT RESTRICT OUR ABILITY TO ENGAGE IN CERTAIN TRANSACTIONS Our dlra300 million secured five-year revolving credit and letter of credit facility ( &quote New Credit Agreement &quote ) contains covenants that, among other things, restrict our ability to: -- incur additional indebtedness; -- pay dividends or make other equity distributions under certain conditions; -- enter into transactions with affiliates; -- enter into certain asset sales; -- engage in certain acquisitions, investments, mergers and consolidations; -- prepay certain other indebtedness; -- create liens and encumbrances on our assets; and -- engage in other matters customarily restricted in such agreements
Our New Credit Agreement requires us to satisfy specified financial covenants, including a maximum leverage ratio and an interest coverage ratio
The leverage ratio and interest coverage ratio are tested for the twelve-month period ending each fiscal quarter
The New Credit Agreement also limits capital expenditures to dlra75 million in the year ending March 31, 2007 ( &quote fiscal 2007 &quote ) and dlra65 million thereafter
Although we expect to be able to achieve these financial covenants, our ability to comply with these covenants may be affected by general economic conditions, industry conditions, and other events beyond our control
Our breach of any of these covenants could result in a default under the New Credit Agreement
In the event of a default, the lenders could elect to declare all amounts borrowed under the New Credit Agreement, together with accrued interest, to be due and payable
OUR OPERATIONS PRESENT SIGNIFICANT RISK OF INJURY OR DEATH Because of the heavy industrial activities conducted at our facilities, there exists a risk of serious injury or death to our employees or other visitors of our operations, notwithstanding the safety precautions we take
Our operations are subject to regulation by federal, state and local agencies responsible for employee health and safety, including the Occupational Safety and Health Administration ( &quote OSHA &quote )
We have been fined in regard to some of these incidents
While we have in place policies to minimize such risks, we may nevertheless be unable to avoid material liabilities for any employee death or injury that may occur in the future and these types of incidents may have a material adverse effect on our financial condition
During fiscal 2006, an accident occurred at our facility in Newark, New Jersey that resulted in the