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Wiki Wiki Summary
Consolidated B-24 Liberator The Consolidated B-24 Liberator is an American heavy bomber, designed by Consolidated Aircraft of San Diego, California. It was known within the company as the Model 32, and some initial production aircraft were laid down as export models designated as various LB-30s, in the Land Bomber design category.
Consolidated PBY Catalina The Consolidated PBY Catalina is a flying boat and amphibious aircraft that was produced in the 1930s and 1940s. In Canadian service it was known as the Canso.
Inkjet printing Inkjet printing is a type of computer printing that recreates a digital image by propelling droplets of ink onto paper and plastic substrates. Inkjet printers were the most commonly used type of printer in 2008, and range from small inexpensive consumer models to expensive professional machines.
Sursock Purchases The Sursock Purchase of the Jezreel Valley and Haifa Bay, as well as other parts of Mandatory Palestine, was the largest Jewish land purchase in Palestine during the period of early Jewish immigration.The Jezreel Valley was considered the most fertile region of Palestine. The Sursock Purchase represented 58% of Jewish land purchases from absentee foreign landlords (as identified in a partial list in a 25 February 1946 memorandum submitted by the Arab Higher Committee to the Anglo-American Committee of Inquiry).
GoDaddy GoDaddy Inc. is an American publicly traded Internet domain registrar and web hosting company headquartered in Tempe, Arizona and incorporated in Delaware.As of December 2021, GoDaddy has more than 20 million customers and over 9,000 employees worldwide.
Free market In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market without market coercions. In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority other than those interventions which are made to prohibit market coercions.
Project accounting Project accounting is a type of managerial accounting oriented toward the goals of project management and delivery. It involves tracking, reporting, and analyzing financial results and implications, and sometimes the creation of financial reports designed to track the financial progress of projects; the information generated by this analysis is used to aid project management.While project accounting was traditionally used for large construction, engineering, and government projects, it has now expanded into several other sectors.
Green affordable housing Green affordable housing is reasonably priced housing that incorporates sustainable features. The phenomenon has become increasingly common in the United States with the adoption of state and local policies that favor or require green building practices for publicly owned or funded buildings.
The Successful Pyrate The Successful Pyrate is a play by Charles Johnson, first performed 1712, published 1713, dealing with the life of the pirate Henry Avery. It opened at the Theatre Royal, Drury Lane on 7 November 1712 and ran for five evenings.
Dyslexia Dyslexia, also known as reading disorder, is a disorder characterized by reading below the expected level for their age. Different people are affected to different degrees.
Dedication! Dedication is the act of consecrating an altar, temple, church, or other sacred building.\n\n\n== Feast of Dedication ==\n\nThe Feast of Dedication, today Hanukkah, once also called "Feast of the Maccabees," is a Jewish festival observed for eight days from the 25th of Kislev (usually in December, but occasionally late November, due to the lunisolar calendar).
List of modern armament manufacturers The following list of modern armament manufacturers presents major companies producing modern weapons and munitions for military, paramilitary, government agency and civilian use. The companies are listed by their full name followed by the short form, or common acronym, if any, in parentheses.
Enter the Dragon Enter the Dragon (Chinese: 龍爭虎鬥) is a 1973 martial arts film directed by Robert Clouse and written by Michael Allin. The film stars Bruce Lee, John Saxon and Jim Kelly.
American Capital American Capital, Ltd. was a publicly traded private equity and global asset management firm, trading on NASDAQ under the symbol “ACAS” from 1997 to 2017 and a component of the S&P 500 Index from 2007 to 2009.
Fixed cost In accounting and economics, fixed costs, also known as indirect costs or overhead costs, are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be recurring, such as interest or rents being paid per month.
Hyperinflation in Venezuela Hyperinflation in Venezuela is the currency instability in Venezuela that began in 2016 during the country's ongoing socioeconomic and political crisis. Venezuela began experiencing continuous and uninterrupted inflation in 1983, with double-digit annual inflation rates.
Supply and demand In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted.
Revenue recognition The revenue recognition principle is a cornerstone of accrual accounting together with the matching principle. They both determine the accounting period in which revenues and expenses are recognized.
December 1 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.
Risk-based internal audit Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It may help an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
2020–2022 Malaysian political crisis The 2020–2022 Malaysian political crisis is an ongoing political crisis in Malaysia. It has been caused by Members of Parliament (MPs) changing party support, leading to the loss of parliamentary majority, the collapse of two successive coalition governments and resignation of two Prime Ministers in less than 18 months.
Great Recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred between 2007 and 2009.
Floating exchange rate In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to foreign exchange market events. A currency that uses a floating exchange rate is known as a floating currency, in contrast to a fixed currency, the value of which is instead specified in terms of material goods, another currency, or a set of currencies (the idea of the last being to reduce currency fluctuations).
Urban consolidation Urban consolidation describes the policy of constraining further development and population growth to within the boundaries of preexisting urban areas rather than expanding outward into suburban areas. Urban consolidation seeks to increase the population density of a given urban area by expanding upward, redeveloping preexisting buildings and lots, and constructing new facilities in available spaces.
Time limit A time limit or deadline is a narrow field of time, or a particular point in time, by which an objective or task must be accomplished. Once that time has passed, the item may be considered overdue (e.g., for work projects or school assignments).
Automatic identification and data capture Automatic identification and data capture (AIDC) refers to the methods of automatically identifying objects, collecting data about them, and entering them directly into computer systems, without human involvement. Technologies typically considered as part of AIDC include QR codes, bar codes, radio frequency identification (RFID), biometrics (like iris and facial recognition system), magnetic stripes, optical character recognition (OCR), smart cards, and voice recognition.
WYSIWYG In computing, WYSIWYG ( WIZ-ee-wig), an acronym for What You See Is What You Get, is a system in which editing software allows content to be edited in a form that resembles its appearance when printed or displayed as a finished product, such as a printed document, web page, or slide presentation. WYSIWYG implies a user interface that allows the user to view something very similar to the end result while the document is being created.
Image scanner An image scanner—often abbreviated to just scanner—is a device that optically scans images, printed text, handwriting or an object and converts it to a digital image. Commonly used in offices are variations of the desktop flatbed scanner where the document is placed on a glass window for scanning.
Acceptance and commitment therapy Acceptance and commitment therapy (ACT, typically pronounced as the word "act") is a form of psychotherapy, as well as a branch of clinical behavior analysis. It is an empirically based psychological intervention that uses acceptance and mindfulness strategies along with commitment and behavior-change strategies to increase psychological flexibility.
Dungeons & Dragons Dungeons & Dragons (commonly abbreviated as D&D or DnD) is a fantasy tabletop role-playing game (RPG) originally designed by Gary Gygax and Dave Arneson. It was first published in 1974 by Tactical Studies Rules, Inc.
Compliance (psychology) Compliance is a response—specifically, a submission—made in reaction to a request. The request may be explicit (e.g., foot-in-the-door technique) or implicit (e.g., advertising).
Metropolitan Police Act 1839 The Metropolitan Police Act 1839 (2 & 3 Vict c 47) is an Act of the Parliament of the United Kingdom. The Act enlarged the district of, and gave greatly increased powers to the Metropolitan Police established by the Metropolitan Police Act 1829.
Workforce development Workforce development, an American approach to economic development, attempts to enhance a region's economic stability and prosperity by focusing on people rather than businesses. It essentially develops a human-resources strategy.
A Certain Magical Index A Certain Magical Index (Japanese: とある魔術の禁書目録 (インデックス), Hepburn: Toaru Majutsu no Indekkusu) is a Japanese light novel series written by Kazuma Kamachi and illustrated by Kiyotaka Haimura, which has been published by ASCII Media Works under their Dengeki Bunko imprint since April 2004 in a total of three separate series. The first ran from April 2004 to October 2010, the second from March 2011 to July 2019, and the third from February 2020 to present.
Customer lifetime value In marketing, customer lifetime value (CLV or often CLTV), lifetime customer value (LCV), or life-time value (LTV) is a prognostication of the net profit \ncontributed to the whole future relationship with a customer. The prediction model can have varying levels of sophistication and accuracy, ranging from a crude heuristic to the use of complex predictive analytics techniques.
Final Solution The Final Solution (German: die Endlösung, pronounced [dɪ ˈɛntˌløːzʊŋ] (listen)) or the Final Solution to the Jewish Question (German: Endlösung der Judenfrage, pronounced [ˈɛntˌløːzʊŋ deːɐ̯ ˈjuːdn̩ˌfʁaːɡə] (listen)) was a Nazi plan for the genocide of Jews during World War II. The "Final Solution to the Jewish question" was the official code name for the murder of all Jews within reach, which was not restricted to the European continent. This policy of deliberate and systematic genocide starting across German-occupied Europe was formulated in procedural and geopolitical terms by Nazi leadership in January 1942 at the Wannsee Conference held near Berlin, and culminated in the Holocaust, which saw the murder of 90% of Polish Jews, and two-thirds of the Jewish population of Europe.The nature and timing of the decisions that led to the Final Solution is an intensely researched and debated aspect of the Holocaust.
Risk Factors
DONNELLEY R R & SONS CO ITEM 1A RISK FACTORS The Company’s consolidated results of operations, financial condition and cash flows can be adversely affected by various risks
These risks include, but are not limited to, the principal factors listed below and the other matters set forth in this annual report on Form 10-K You should carefully consider all of these risks
Risks Relating to the Businesses of the Company Fluctuations in the costs of paper, ink, energy and other raw materials may adversely impact the Company
Purchases of paper, ink, other raw materials, and energy represent a large portion of the Company’s costs
Increases in the costs of these inputs may increase the Company’s costs, and the Company may not be able to pass these costs on to customers through higher prices
Increases in the costs of materials may adversely impact our customers’ demand for printing and related services
The financial condition of our customers may deteriorate
Many of our customers participate in highly-competitive markets, and their financial condition may deteriorate as a result
A decline in the financial condition of our customers could hinder the Company’s ability to collect amounts owed by customers
In addition, such a decline could result in lower demand for the Company’s products and services
The Company may not be able to improve its operating efficiency rapidly enough to meet market conditions
Because the markets in which the Company competes are highly-competitive, the Company must continue to improve its operating efficiency in order to maintain or improve its profitability
Although the Company has been able to improve efficiency and reduce costs in the past, there is no assurance that it will continue to do so in the future
In addition, the need to reduce ongoing operating costs may result in significant up-front costs to reduce workforce, close or consolidate facilities, or upgrade equipment and technology
The Company may be unable to successfully integrate the operations of acquired businesses and may not achieve the cost savings and increased revenues anticipated as a result of these acquisitions
Achieving the anticipated benefits of acquisitions, including the 2005 acquisitions of Astron, Asia Printers, Poligrafia, Charlestown, Spencer and CMCS, will depend in part upon the Company’s ability to integrate these businesses in an efficient and effective manner
The integration of companies that have previously operated independently may result in significant challenges, and the Company may be unable to accomplish the integration smoothly or successfully
In particular, the coordination of geographically dispersed organizations with differences in corporate cultures and management philosophies may increase the difficulties of integration
The integration of acquired businesses may also require the dedication of significant management resources, which may temporarily distract management’s attention from the day-to-day operations of the Company
The process of integrating operations may also cause an interruption of, or loss of momentum in, the activities of one or more of the Company’s businesses and the loss of key personnel from the Company or the acquired businesses
Employee uncertainty and lack of focus during the integration process may also disrupt the businesses of the Company or the acquired businesses
The Company’s strategy is, in part, predicated on our ability to realize cost savings and to increase revenues through the acquisition of businesses that add to the breadth and depth of the Company’s products and services
Achieving these cost savings and revenue increases is dependent upon a number of factors, many of which are beyond our control
In particular, the Company may not be able to realize the anticipated cross-selling opportunities, develop and market more comprehensive product and service offerings, or generate anticipated cost savings and revenue growth
9 ______________________________________________________________________ [36]Table of Contents The Company may be unable to hire and retain talented employees, including management
The Company’s success depends, in part, on our general ability to attract, develop, motivate and retain highly skilled employees
The loss of a significant number of the Company’s employees or the inability to attract, hire, develop, train and retain additional skilled personnel could have a serious negative effect on the Company
Although the Company’s manufacturing platform consists of many locations with a wide geographic dispersion, individual locations may encounter strong competition with other manufacturers for skilled labor
Many of these competitors may be able to offer significantly greater compensation and benefits or more attractive lifestyle choices than the Company offers
In addition, many members of the Company’s management have significant industry experience that is valuable to the Company’s competitors
The Company does, however, enter into non-solicitation and non-competition agreements with its executive officers, prohibiting them contractually from leaving and joining a competitor within a specified period
If one or more members of our senior management team leave and we cannot replace them with a suitable candidate quickly, we could experience difficulty in managing our business properly, which could harm our business prospects and results of operations
Costs to provide health care and other benefits to the Company’s employees may increase
The Company provides health care and other benefits to both employees and retirees
In recent years, costs for health care have increased more rapidly than general inflation in the US economy
If this trend in health care costs continues, the Company’s cost to provide such benefits could increase, adversely impacting the Company’s profitability
Declines in the general economic conditions may adversely impact the Company’s business
In most of the Company’s businesses, demand for products and services is highly correlated with general economic conditions
Declines in economic conditions in the US or in other countries in which the Company operates may therefore adversely impact the Company’s consolidated financial results
Because such declines in demand are difficult to predict, the Company or the industry may have increased excess capacity as a result
An increase in excess capacity may result in declines in prices for the Company’s products and services
The overall business climate may also be impacted by wars or acts of terrorism in the countries in which we operate or other countries
Such acts may have sudden and unpredictable adverse impacts on demand for the Company’s products and services
There are risks associated with operations outside the United States
The Company has significant operations outside the United States
Revenues from the Company’s operations outside the United States accounted for approximately 18prca of the Company’s consolidated net sales for the year ended December 31, 2005
As a result, the Company is subject to the risks inherent in conducting business outside the United States, including the impact of economic and political instability
The Company is exposed to significant risks related to potential adverse changes in currency exchange rates
The Company is exposed to market risks resulting from changes in the currency exchange rates of the currencies in the countries in which it does business
Although operating in local currencies may limit the impact of currency rate fluctuations on the operating results of our non-US subsidiaries and business units, fluctuations in such rates may affect the translation of these results into the Company’s financial statements
To the extent revenues and expenses are not in the applicable local currency, the Company may enter into foreign currency forward contracts to hedge the currency risk
We cannot be sure, however, that the Company’s efforts at hedging will be successful
There is always a possibility that attempts to hedge currency risks will lead to even greater losses than predicted
10 ______________________________________________________________________ [37]Table of Contents Risks Related to Our Industry The highly competitive market for the Company’s products and industry consolidation may create adverse pricing pressures
The markets for the majority of the Company’s product categories are highly fragmented and the Company has a large number of competitors
We believe that excess capacity in the Company’s markets have caused downward pricing pressure and increased competition
In addition, consolidation in the markets in which the Company competes may increase competitive pricing pressures
The substitution of electronic delivery for printed materials may adversely affect our businesses
Electronic delivery of documents and data, including the online distribution and hosting of media content, offer alternatives to traditional delivery of printed documents
Consumer acceptance of electronic delivery is uncertain, as is the extent to which consumers are replacing traditional reading of print materials with online hosted media content, and we have no ability to predict the rates of their acceptance of these alternatives
To the extent that our customers accept these alternatives, many of our businesses may be adversely affected
Changes in the rules and regulations to which the Company is subject may increase the Company’s costs
The Company is subject to numerous rules and regulations, including, but not limited to, environmental and health and welfare benefit regulations
These rules and regulations may be changed by local, state or federal governments in countries in which the Company operates
Changes in these regulations may result in a significant increase in the Company’s costs to comply
Compliance with changes in rules and regulations could require increases to the Company’s workforce, increased cost for compensation and benefits, or investments in new or upgraded equipment
Changes in the rules and regulations to which our customers are subject may impact demand for the Company’s products and services
Many of the Company’s customers are subject to rules and regulations requiring certain printed or electronic communications, governing the form of such communications, and protecting the privacy of consumers
Changes in these regulations may impact customers’ business practices and could reduce demand for printed products and related services
Changes in such regulations could eliminate the need for certain types of printed communications altogether or such changes may impact the quantity or format of printed communications
Changes in postal rates and postal regulations may adversely impact demand for the Company’s products and services
Postal costs are a significant component of many of our customers’ cost structures and postal rate changes can influence the number of pieces that the Company’s customers are willing to mail
Any resulting decline in print volumes mailed could have an adverse effect on the Company’s business
Changes in the advertising, retail, and capital markets may impact the demand for printing and related services
Many of the end markets in which our customers compete are experiencing changes due to technological progress and changes in consumer preferences
The Company cannot predict the impact that these changes will have on demand for the Company’s products and services
Such changes may decrease demand, increase pricing pressures, require investment in updated equipment and technology, or cause other adverse impacts to the Company’s business
In addition, the Company must monitor changes in our customers’ markets and develop new solutions to meet customers’ needs
The development of such solutions may be costly, and there is no assurance that these solutions will be accepted by customers