Stanley Black and Decker Essay Example

Stanley Black and Decker Essay Madison Avenue New York, New York April 24, 2010 John F. Lundgren President amp; Chief Executive Officer Stanley Black amp; Decker 1000 Stanley Drive New Britain, CT 06053 Dear Mr. Lundgren, In response to your request, an evaluation of your firm, Stanley Black amp; Decker, was conducted to determine the strategic issues and problems within and surrounding your firm. This consisted of a review of the external environment, a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis incorporating identification of factors which drive the business, a determination of the company’s financial condition and performance, and consideration of ethics and social responsibility. Please find attached for your consideration a copy of my Business Report containing discussion of the preceding, as well as numerous conclusions and recommendations with justification. The principal recommendations for your firm are as follows: Short term recommendation 1. Shut down the power tool business 2. Expansion in security segment, especially health care product line 3. Decrease dividend-payout-ratio Long term recommendation 1. Create a marketing team with CRM members which will interact and develop relationship with Home Depot and Lowes, so that better and more shelve space can be acquired in the stores. 2. The merged company can ask for higher discounts for procuring raw materials 3. Improve after sales customer support service In the event you have any questions in this regard, please do not hesitate to contact me. Very truly yours, Rana Nayak We will write a custom essay sample on Stanley Black and Decker specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Stanley Black and Decker specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Stanley Black and Decker specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Senior Business Analyst Statement of Recommendations Short-term 1. Create a marketing team with CRM members which will interact and develop relationship with Home Depot and Lowes, so that better and more shelve space can be acquired in the stores. 2. To attract female customers, manufacture the consumer tools with appealing colors like green or pink. Also make these products lighter and ergonomic. 3. Form a division in the company to handle lawsuits filed against the company. The expenses have to be reduced as litigation expenses are substantial. 4. Employ Asian managers to carry out operations in Asia. . The merged company can ask for higher discounts for procuring raw materials 6. Design better packaging for attracting customers at retail stores like Home Depot and Lowes. 7. Advertise on TV Shows. 8. Improve customer service for after sales. 9. Do not shut down any plant in China. 10. Create a market research team to research about the tool industry in Asian Markets. 11. The compan y should design products for international market 12. Use the Black amp; Decker distribution system in the U. S markets to expand Stanleys product line in the retail segment. 13. Start Point-of Sale data collection 4. Set up a showcase office in New Delhi, India. Long-term Recommendations 1. For the segments of Convergent Security Solutions, Health care Solutions and Mechanical Access Solutions the company should maximize their investment and also try to seek market dominance since the market is growing. 2. Shut down the power tool business. 3. Cost containment and the Security segment continue to be bright spots. 4. Moodys has downgraded of StanleyBlackamp;Decker ratings to Baa1. Pay off some debt by reducing dividend payout ratio. 5. Decrease the underfunded debt obligation of $412. million for Stanley Works 6. The cost of production can be decreased by adopting economies of scale. 7. Procurement units can be moved closer to manufacturing plants 8. Invest in Ramp;D 9. Joint venture with â€Å"Future Group† in India to attain shelf places in the biggest retail chain stores. 10. The markets in India and China will be only targeted in the Industrial amp; Automotive and Security business s egments. 11. Open new service centers where products can be repaired and refurbished products should be sold at the same centers instead of Home Depot or Lowes. 2. The material facilities not being used by the company can be sold or leased to other companies. 13. Invest in Training 14. Implement SAP throughout the company. Remote/External Environment a) Economic Factors CDIY amp; INDUSTRIAL The hand tool industry is dependent upon the residential and commercial construction and home repair and renovation industries. The economic recession in the early 2000’s declined the demand in commercial and industrial sectors. However, growth in housing sectors has helped in sustaining the industry. In 2005, the hand tool industry sold $1. 4 billion but in 2006 it dropped down by $100million. Despite a sluggish economy in the early years of the first decade of the 2000s, the climate for hand tools remained positive. Extremely low interest rates caused a surge in new housing starts from 1. 2 million in 2000 to an estimated 1. 6 million in 2003. While residential construction boosted sales among professionals, consumer uncertainty about the economy, as well as the war against terrorism in Iraq and Afghanistan, caused a trend toward nesting. Home improvement and DIY projects rose as people postponed travel and other major undertakings, thus driving the consumer hand tool market. The power tool or pneumatic tools and fasteners include nail guns, staplers, nails and staples that are used for construction, remodeling, furniture making, pallet manufacturing and other applications involving the attachment of wooden materials. Industry growth depends upon increased expenditures in the ho me improvement, home repair and maintenance, and residential and commercial construction sectors. By 2005, increased purchases by women, who were tackling more DIY projects, also drove sales and demand for lightweight, easy-to-use designs. On the other hand, the global recession of 2008-09 had a huge impact on the housing industry. New housing starts reached an unprecedented low of just 494,000 as of May, 2009, which was down nearly 13% from just the previous month. This in turn severely impacted the financials of the major industry players, such as Black amp; Decker, who saw sales of their power hand tools drop by more than $800 million or 23% compared to the previous year. The industry shipped products valued at $1. 3 billion in 2006, which represented a drop from the $1. 4 billion shipped in 2005. However, according to The Freedonia Group, industry growth in the mid to late years of the first decade of the 2000s was projected to be driven by powerful, high-end tools and the continuing proliferation of cordless products. Professional buyers were anticipated to continue to generate more revenues than consumers, but in the DIY market overall growth was expected to outpace professional sales. SECURITY The company provides extensive suite of mechanical and electronic security product system and a variety of security services such as security integration system , software related installation, maintenance, monitoring services, automatic doors, door closers, exit devices, healthcare storage and supply chain solutions, patient protection products, hardware and locking mechanisms. A substantial portion of company’s products are sold to home centers and mass merchants in U. S and Europe. Security products are sold on a direct sales basis and in certain instances through party distributors. Despite the trend towards customer consolidation, the company has been able to make diversified customer base and has decreased customer concentration risk over the past several years. The sales from continuing operations in markets outside the home centers and mass merchant distribution channels have grown at a greater rate through combination of acquisitions and other efforts to broaden the customer base primarily in Security and Industrial segments. Porters Five Forces The threat of substitute products or services: Construction amp; DIY Low The hand tools industry is saturated with numerous small and large companies producing hand tools which include measuring and leveling tools, planes, hammers, demolition tools, knives and blades, screwdrivers, saws, chisels and consumer tackers. The tools are considered as commodities. Consumers are looking for products at better pricing. Local companies are producing these non-powered tools which are less priced as consumers are not concerned for quality. This is true for US, European and Asian markets. Pneumatic tools and fasteners include nail guns, staplers, nails and staples that are used for construction, remodeling, furniture making, pallet manufacturing and other applications involving the attachment of wooden materials. Industrial – Low There are no substitute products for industrial segment as tool will always be required in this segment. Only innovations can be done which can be counted as a competition. Security – Low Threat of substitutes in this industry is low as there are fewer chances of customers going for something that is second best as far as security services are concerned. The threat of the entry of new competitors Construction amp; DIY The growth in the commercial construction has made up the decline in residential construction last year but now that it is also slowing down the outlook for professional power tools is looking gloomy in the U. S. The threat of new competitors is low as the industry has already multiple established companies providing a wide range of hand tools and power tools to consumers. Industrial The Stanley works industrial segment faces an intense competition because there are many manufacturers of industrial products. Each company wants to achieve competitive advantage over other in terms of quality, technology, price, distribution and brand/image reputation. They would face competition not only in terms of similar products but also products that can be used as a substitute for its products. The primary competitors include SK Tools, Multi-power Tools, Bosch etc. Security The security industry is a commodity industry. Growth in this industry is related to the growth of the housing and construction industries. The North American and European markets are already mature, while the emerging markets of Asia and Latin America have strong growth potential. Companies compete aggressively on price, quality, after-sales service, manufacturing efficiency, and supply chain management. Companies tend to spend their advertising dollars on trade shows, trade publications, magazines and newspaper advertisements, and in-store displays. Threat of Entry LOW The barriers to entry within this industry are moderate to low due to brand preferences and customer loyalty towards the larger and more established rival companies. Other obstacles to new entrants include strong brand loyalty to establish firms and economic factors, such as requirement for large sources of capital, specialized facilities, and the technology and manufacturing plants. In addition, the accessibility of distribution channels can be difficult for an unknown firm with little or no brand recognition. Since there are several competitive forces in this industry, it is a difficult industry to penetrate in and be competitive. The entry barriers are high in this industry. There are already a lot of competitors in this industry and they can it difficult for a new entrant by using price cuts, increased advertising, product improvement, and promotions. Supply side economies of scale: Since companies produce large volumes then can capitalize economies of scale this can deter companies from entering the market because either they have to enter in large scale or assume a cost disadvantage. Unequal access to distribution channels: New comers will not have the same kind of access to distribution channels which is their main source of customers. The intensity of competitive rivalry In hand tools, with 50,300 employees and sales of approximately $12. 7 billion in 2008, Danaher Corp. of Washington, D. C. was the industry leader. Danaher expanded by merging with Chicago Pneumatic Tool Company, Acme-Cleveland Corporation, Pacific Scientific Co. , and Joslyn Corp. According to the International Directory of Company Histories, in 1994 Danaher Corporation was recognized as the worlds largest producer of drill chucks, the countrys largest producer and marketer of Swiss screw machine components, and the leading automotive tools supplier to the National Automotive Parts Association (NAPA) and Sears. In the power tools segment, the major industry players are Milwaukee, Makita, Stanley and Black amp; Decker. The bargaining power of customers (buyers) Construction amp; DIY High The bargaining power of buyers is high because as availability of professional segment tools, the products under Do It Yourself segment have become commodities. Hence consumers prefer better quality along with better pricing. Buyers switching cost have become low also as the tools from different companies are available in outlets like Sear, Kmart, Wal-Mart. Hence the bargaining power of buyers is high as all the power tools have more or less same design and serve same purpose. Industrial High The power of buyers is relatively high because for Industrial segment they have two types of customers. i. e. Direct Sales Customers and Retailers/Distributors. The consumers to whom the products are sold directly purchase the products based on their requirements, and price. In case of retailers/distributors they purchase the products in large quantities, which gives buyers substantial leverage over price. There are many manufacturers available in this industry that also provide the same products at very competitive prices. And the customers who buy these products have no switching costs, hence their bargaining is high. For e. g. during economic instability customers are reluctant to spends their money on very expensive or branded products instead they will choose to buy the products which gives them the work at a lower price. Security High Although the company has an established brand in the field of security tools it’s customers have a wide variety of options to choose from. With increased completion from private label brands the customers have high bargaining power. The bargaining power of suppliers Construction amp; DIY Low The bargaining power of suppliers is LOW because, multiple vendors are available for raw material procurement. Industrial Low The suppliers to the Stanley Works are producers/ distributors of ferrous and non-ferrous metals including, but not limited to steel, aluminum, zinc, brass, copper and nickel, as well as resin. the Company uses other commodity based materials for components and packaging including, but not limited to, plastics, wood, and other corrugated products. The raw materials required are procured globally and available from multiple sources at competitive prices. The Stanley Works can obtain these products at a very cheaper rate as there are many sources available. Hence in this case the bargaining power of suppliers is less. Bargaining power of suppliers – low The raw materials required are produced globally and are available from multiple sources at competitive prices. The company does not anticipate difficulties in obtaining any raw materials or energy used in production process. Hence the bargaining power of suppliers is very low. Social Factors CDIY amp; Industrial Professional power tool users include construction workers, electricians, plumbers, repair and maintenance workers, auto mechanics, and manufacturing workers. They are very conscious of quality and features and tend to buy only those tools that are durable, functional, dependable, and capable of precision. They purchase tools through jobbers, contractor supply firms, industrial supply house, building supply centers, and some home improvement centers. The industry is growing as the world population grows rapidly. In U. S. A. , real GDP grew at an average annual rate of 4. 1 percent from 1995 to 2000 compared with 2. 7 percent from 1987 to 1995. Private wage and salary disbursements increased as GDP grew. Key product trends, such as ergonomic designs, added features, and improved battery performance, influences current product development. Fastening and assembly is one of the few areas in manufacturing where things are continually moving fast. No longer can the design and cost of fasteners be viewed outside of the manufacturing process. The design of the fastener and its impact on production costs and product development process must be taken into consideration, rather than treated as piecemeal. Security Security is a multibillion-dollar industry, consisting of a diverse group of corporations that supply personnel and products designed to protect public and private property and individuals from a variety of problems such as theft, arson, and personal attacks. Services include security guards, private investigators, and consultants. Products range from armored cars to X-ray scanning devices to bank vaults. In addition, an area of significant growth and importance for the security industry in the early years of the first decade of the twenty-first century was securing intangibles, in particular intellectual property, computer-stored information or data, and computer networks. Throughout the world, it was an especially important industry in view of real and assumed threats to national security, petroleum pipelines, nuclear power plants, and the global economy, among others. Political Factors Power tools are subject to various safety and environmental laws and regulations. There are several accidents that can involved power tool. Power tools can pose electrical hazards, fire and explosion hazards, projectile hazards, cuts, abrasions, and amputation hazards, ergonomic hazards and noise hazard. Power tools are regulated by the Occupational Safety and Health Agency, Underwriters Laboratories Inc. , and CSA International. For both retail and professional power tools, they can both be dangerous if they are not used properly but for more so for professional because they are used on a daily basis. A major risk faced by professionals that use power tools is the Hand Arm Vibration Syndrome which is a collection of disorders caused by overexposure to vibration of portable power tools. Regulations have been put in place by OSHA that makes employers responsible for the safe condition of tools and equipment used by employees. A risk that is faced by both retail consumers and professionals is loss of hearing; power tools can generate noise levels that can exceed 85 dBA when that occurs users should wear hearing protection. In recent news, the Government Accountability Office has been asked to investigate OSHA’s reporting on work-related injuries and illnesses. This would affect the power tools because stricter regulations can be put in place that would affect the design and production of power tools. Industrial Fastening System Increased sales of Japanese automobiles affected the operation of both OE and aftermarket parts manufacturers. Because most Japanese aftermarket parts were furnished by Japanese OE suppliers, the volumes of replacement parts for domestic parts suppliers dropped as Japanese vehicles increased their market share in the United States. Foreign vehicles manufactured in the U. S. had significantly fewer domestic suppliers than Big Three’s cars. At the request of U. S. suppliers, the FTC began an investigation of alleged antitrust violations by Japanese auto producers in the U. S. As a result, the U. S government forced Japanese automakers to increase their purchasing volume from domestic suppliers. Congress instituted the Fastener Quality Act in 1990 due to the scandal of unqualified fasteners. The strict standards spurred the fastener industry to upgrade its competitive ability more over than foreign competitors. In June 1999, the U. S. fastener industry got its wish when President Clinton signed a series of amendments on the FQA, in an effort to make legislation less burdensome. Supporters of the amending legislation claimed that it shifted the policing focus from government mandated regulations to more â€Å"preventive measures. † The new legislation also recognized decade long industry improvements in quality control and eliminated test performances at government-approved facilities. Plumbing Workers safety measures were gaining fast popularity. Even government and individual chapters were getting involved into it. In response to the same, Black amp; Decker Hardware and Home Improvement group’s Kwikset facility in Denison, Texas became an OSHA (Occupational Safety and Health Administration) Voluntary Protection Program star facility in 2006. There were specific rules for designing and manufacturing plumbing products laid down by the government as well as other chapters. Price Pfister products in plumbing industry are designed and manufactured in compliance with the standards and codes of Federal specification, American National Standard, Uniform Plumbing Code, Federal Energy Policy Act, California Energy Commission and the Canadian Standard Association. Technological Factors Construction amp; DIY Ergonomics, which is the engineering of tools for maximum comfort and minimal hazard to the human body, was an increasingly popular consideration for this industry. In 1999, Stanley Works redesigned the handles of many of its tools to better fit the human hand and to reduce the likelihood of injury from vibration and other stresses. For instance, the company incorporated a carbon-steel shank into its AntiVibe framing hammer to absorb the shock that traditional hammers transmitted to the human arm. Stanley Works also offered an ergonomic screwdriver with a diamond-textured handle made of soft elastomer and a layer of hard polypropylene, so that consumers could grasp the tool firmly without needing to squeeze hard enough to hurt their hands. Security For several years, demand lagged behind the technologys maturity. Prohibitive implementation costs, lingering technical problems, fears of privacy invasion, and concerns over system accuracy stalled mass implementation. By the middle of the first decade of the twenty-first century, security systems were well entrenched in some sectors, particularly government and health care, but penetration was meager for other industries that were long on promise, such as financial services and the travel industry. In 2006, governmental applications remained the predominant market for security tools, while certain types of security systems enjoyed overwhelming dominance. But the heightened security consciousness in the mid-years of the first decade of the 2000s was making a noticeable impression on the industrys prospects. Decreasing costs and increasing technical sophistication of products meant that security tools were gradually penetrating many kinds of transactions. Security tools technology in the early and middle years of the twenty-first centurys first decade thus enjoyed a period of modest but promising growth, moving out of the realm of science fiction and into everyday life. Environmental Factors Future laws and regulations are expected to be increasingly stringent and will likely increase the industry participants expenditures related to environmental matters. Many companies have been named as potentially responsible party (â€Å"PRP†) in a number of administrative proceedings for the remediation of various waste sites. Current laws potentially impose joint and several liabilities upon each PRP. Business operations of companies are subject to foreign, federal, state, and local environmental laws and regulations. These laws and regulations define the acceptable methods for the discharge of pollutants and the disposal of products and components that contain certain substances. These laws and regulations also require that products be designed in a manner to permit easy recycling or proper disposal of environmentally-sensitive components such as nickel cadmium batteries. Batteries used in professional power tools should be designed to meet environmental requirements. IV. SWOT Analysis for Stanley Works Strengths The Company’s operations are classified into three business segments: Security, Industrial, and Construction amp; Do-It-Yourself. All segments have significant international operations in developed countries, but do not have large investments that would be subject to expropriation risk in developing countries. Fluctuations in foreign currency exchange rates affect the U. S. dollar translation of international operations in each segment. Core Competencies Stanley works core competency lies in the security segment of the business especially in the Mechanical Access System. Stanley has been making hardware like hinges, hooks safe locks and keys science 1843. Its major brands being Best, Kwikset, Baldwin, or Weiser and many more. Distinctive Competencies The company has a distinctive competency of hedging its Business Segments based on the demand in the market. The company can take profits from on of its segments to cover of the losses for its other based on the current market condition Company has a distinctive competency in its Health care sector. Stanley entered the Health Care sector in 2007 and has grown enormously in this sector with major revenues coming from the health care department. Competitive Strategy The competitive strategy of Stanley Works is acquisitions of  companies for obtaining employees, processes, technologies and solutions. Multiple and diversified revenue streams of Stanley Works: Stanley has a balanced revenue generation from its three business segments. For the year 2008, CDIY (construction and do-it-yourself), security, and industrial accounted for 37. 4%, 33. 8%, and 28. 8% of the companys total revenues, respectively. This diversification of business portfolio is protecting the company’s earning by providing opportunity to follow the demand variability of different product lines. The company has the flexibility to focus on growing industry and tune its production levels accordingly. Strong brand equity The company has established strong brand equity in construction and industrial segments. The key brands of the company include Stanley, Bostitch, FatMax, MaxGrip, DynaGrip, PowerLock, Proto, Husky, Vidmar, ZAG, MAC, Jensen, Contact East, Bostitch, Atro, Cobotics, LaBounty, and Innerspace. The strong brand equity in the construction and industrial segment makes the company the world leader in the design, development and delivery of tools. In addition, the company has numerous trademarks that are used in its businesses worldwide. For instance, the company’s tagline ‘Make Something Great’ acts as a center piece of the brand strategy for all three segments. The company’s list of trademarks include BEST, HSM, National, Sonitrol, GdP , Xmark, LaBounty, MAC, Mac Tools, Proto, Vidmar, Facom, Virax, USAG, the Bostitch, Powerlock, Tape Rule Case Design (Powerlock), and FatMax. These well-known trademarks enjoy the reputation for quality and value and are among the world’s most trusted brand names. Strong brand equity not only ensures employee and customer retention, but also enables the company to launch more products under its own labels. Power tools, lawn and garden products, portable power products, home products, and accessories are marketed around the world under the BLACK amp; DECKER name as well as other trademarks, and trade names, including, without limitation, ORANGE AND BLACK COLOR SCHEME; POWERFUL SOLUTIONS; FIRESTORM; GELMAX COMFORT GRIP; MOUSE; BULLSEYE; PIVOT DRIVER; STORMSTATION; WORKMATE; BLACK amp; DECKER XT; Stanley fulfillment system (SFS) SFS was created to improve Stanley’s long tradition of its business excellence. It helps in improving the company’s business operations such as procurement, quality in manufacturing, maximizing customer fill rates, integrating acquisitions and other key business processes. It operates as a continuous improvement program focused on the needs of the company’s customers. Moreover, SFS acts as a blueprint for company’s success and roadmap for continued growth. In addition, SFS is focused on continuously improving the key areas where Stanley interacts with its customers. The company measures and implements control improvements to its areas of business to ensure customers have a positive experience. The SFS system helps in improving service, increase quality and reduce cost which gives a competitive edge to the company over its rivals. Diversified business operations globally: Material facilities owned by the Stanley Works and its subsidiaries follow: CDIY Miramar, Florida; Fishers, Indiana; Kannapolis, North Carolina; Epping, Australia; Mechelen, Belgium; Oakville, Canada; Leeds, England; Karmiel and Migdal, Israel; Biassono and Figino Serenza, Italy and Pietermaritzburg, South Africa. Industrial Phoenix, Arizona; Two Harbors, Minnesota; Columbus, Georgetown, and Sabina, Ohio; Allentown, Pennsylvania; Dallas, Texas; Pecky, Czech Republic; Epernay, Ezy Sur Eure, Feuquieres en Vimeu, Morangis and Villeneuve Le Roi, France; and Fano, Gemonio and Monvalle, Italy. Security Farmington, Connecticut; Sterling and Rock Falls, Illinois; Indianapolis, Indiana; Nicholasville, Kentucky; Richmond, Virginia; Cobourg, Canada; Nueva Leon, Mexico; and Xiaolan, Peoples Republic of China. Industrial a. Professional amp; Automotive mechanics tools amp; storage system 1. Broad Array of End Markets . Unique Range Of Government Solutions 3. Light-weighted compared to other available products. b. Hydraulic tools amp; accessories Reduce Initial Costs 1. Air Compressors required to power pneumatic tools are expensive and comparatively the dual hydraulic tool circuit are very cheap. 2. Reduce Operating Costs 1. Less system maintenance: A hydraulic system has few moving parts and is self- lubr icated; therefore requires far less maintenance than an air system. 2. Less tool maintenance:   Hydraulic tools are full of oil at all times, and are thus preserved and lubricated. 3. More efficient. Most hydraulic systems operate at two or three times the efficiency of air systems because the oil is not compressible. 4. No pilferage: While there is a ready market for gasoline or air powered tools, the general public does not have a hydraulic source of power. Hydraulic tools are seldom pilfered. Advantages for the Operator 1. Safer. Hydraulic oil is a poor conductor of electricity. A hydraulic tool with nonconductive hoses is much safer dielectrically than an air tool which may have moisture condensed in the hose. 2. Lower noise levels. Noise of air tools comes from both the compressor and the tool exhaust. Hydraulic tools have neither of these sources, and operate at noticeably lower noise levels. 3. Higher power-weight ratio. Air tools operating at 90-100 psi must be larger and heavier to achieve force

Long-term memory loss and treatments essays

Short/Long-term memory loss and treatments essays For my article summary paper, I have chosen to use chapter 7 The Human Memory. I have picked several articles to summarize. The majority of my information will becoming from Human Memory and Researchers Find Protein that Makes Long-term Memory possible. According to our text book, short-term memory is defined as a limited-capacity store that can maintain unrehearsed information, and long-term memory is defined as unlimited capacity store that can hold information over lengthy periods of time. The first article discusses the functions of short-term memory loss, and gives an example via experiment with mice. The second article focuses on the role protein plays in long-term memory. This article also features an experiment using mice. In the first article, they explains how STM works. When the brain forms new short-term memories, it creates new neurons in a region of the hippocampus called the dentate gyrus. This process also cleans out the outdated memories, in order to fit new ones. The article then talks about popular, but potentially disruptive treatments for Alzheimers disease. Patients with the disease loose cells in the hippocampus. One popular treatment is to transplant stem cells into the region to replace the dead cells. Contrary to that treatment, new work suggest that the addition of new cells might disrupt memory retention. Memory retention is disrupted by altering connections between neurons in the hippocampus and by boosting the memory clearance process. (Human Memory) Richard Harvey, director of research at the Alzheimer's Society, says he is not surprised that stem cell transplants might damage memory. "Our view is that stem cells offer hope in disorders like Parkinson's, but in Alz heimer's the problem is more to do with the network connections of neurons, transplanting new neurons could disrupt these networks, he says. ...

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Type of clothing line Essay PINK TARTAN Kimberley Newport-Mimran is the president and head designer of Pink Tartan, . The New York Pink Tartan showroom opened in 2004, and the line is now carried at Saks Fifth Avenue, Neiman Marcus, Bloomingdale’s, Holt Renfrew and The Bay as well as specialty stores across North America, Dubai and Seoul. Newport-Mimran studied fashion merchandising and manufacturing management eventually moving into a career in the buying office at the Hudson Bay Company, North America’s oldest retailer. Her style philosophy was clear: â€Å"simplicity is the secret to elegance. † Newport-Mimran went on to product development and merchandising and specialized in denim and menswear at Club Monaco, where she learned the importance of structure and tailoring. â€Å"Execution is key† became her lifelong mantra. Newport-Mimran later moved to Caban where she further exemplified that sourcing is an art: finding fabric and manufacturing makes the difference in luxury design. There she met and married the CEO, Joe Mimran. Today the pair is viewed as Canadian fashion royalty; Mimran launched the Joe Fresh mass fashion phenomenon after the selling of Club Monaco to Ralph Lauren. Womenswear NARCES (The designer is Nikki irthensohn.) Nikki is a Canadian of Persian heritage who was born in Austria, and grew up in Iran and the UK. She holds a Masters degree in Business from Canada/The Netherlands. Her design education comes from growing up in the industry by learning from her mother an accomplished tailor who worked for Victor Edelstein who designed for the British Royal Family, including some of the most iconic gowns of Princess Diana. With NARCES, Nikki combines her very successful business career with a talent and love for fashion design. Womenswear specializes in after-five and evening wear THRESHOLD FT: RANK BY RANI Emerging designer Rani Kim is re-conceptualizing men’s fashion and modernizing the new era of menswear through her brand, RANK BY RANI. Beginning her fashion education at Ryerson University, Kim was trained to appropriate utilitarian design by redefining the structures of masculine menswear. Referencing her Danish design education from her exchange to Teko Design School in Denmark, Kim began developing designs for the modern international man. Her latest collection shown at Toronto Men’s Fashion Week is a strong example of her attention to detail and minimalist execution, which are strong elements of her brand. menswear KLAXON HOWL Since opening Klaxon Howl in 2005 owner and designer Matt Robinson has drawn inspiration from the archives of his legendary collection of the early to mid 20th century. These important, relevant pieces, books and films are studied and echoed in each design The entire Klaxon Howl collection is produced by hand, locally and in small batches using construction techniques rarely seen in modern North American manufacturing. Matt works with quality fabrics that lend them selves to each design. Most are woven on looms in Japan and cut and sewn with pride right here in Toronto. vintage militaria, workwear and sportswear BEAUFILLE Beaufille is founded by sisters Chloe and Parris Gordon. Beaufille is a contemporary line that references historical design elements within a modern context to create a sophisticated tough girl aesthetic. Beaufille represents the girl who has an eye for sophisticated construction, and who appreciates the juxtaposition between old and new. The Gordon sisters attended the Nova Scotia College Of Art And Design in Halifax, and through their exposure to all forms of art, including painting, drawing, filmography, design, photography, textiles, jewelry and fashion, joined up to create a brand that draws on their collective experiences. womenswear

The Civil Rights Movement Essay -- Black struggle for civil rights in A

The first ten amendments to the United States Constitution form what is known as the Bill of Rights. In essence it is a summary of the basic rights held by all U.S. citizens. However, Negro citizens during the Civil Rights Movement of the 1950-70’s felt this document and its mandate that guaranteed the civil rights and civil liberties of all people; were interpreted differently for people of color. The freedoms outlined in the Constitution were not enforced the same by the government of the United States for the black race as it did for the white race. â€Å"You all treat us so bad,† just like we are animals.† Those are the words voiced by Mrs. Rosa Parks, a Negro seamstress. Whose refusal to move to the back of the bus and give her seat to a white man, touched off the enormously successful bus boycott of Montgomery, Alabama in the winter of 1956. But on a greater magnitude it fueled the Civil Rights movement of the Negro American. This incident almost single-handedly galvanized Negroes to insist on equal rights according to the laws of the United States government and to end segregation of all public places. To build on the Montgomery victory, black leaders and ministers convened in Atlanta, GA in 1957 to form the Southern Christian Leadership Conference. The SCLC main function would be to coordinate the efforts of the many church-based civil rights groups. The mission of the SCLC was to gain all civil liberties by law and not by violence. With Dr. Martin Luther King, Jr. as its president, the SCLC would become the country’s most powerful civil rights organization. With work to do in all areas to bring about social change for the Negro—notably the segregated schools of the South the SCLC made this their first shot across the bough--figuratively speaking. In 1954 the Supreme Court issued its decision on the case Brown v. Board of Education. The Court ruled that separate-but-equal segregated schools violated the Fourteenth Amendment and that school desegregation must take place â€Å"with all deliberate speed.†   Ã‚  Ã‚  Ã‚  Ã‚  This order by the highest court of the United States were not embraced by the White Race or by the burceacy of most state governments. The state bureaucracies swung into full force to intimidate anyone associated with the Civil Rights movement. Black protesters as well as sympathizers to the Civil Rights movement were jailed ... ...tant musical development of the 20th century—has its roots in Black American culture. Thanks to the CIVIL RIGHTS movement, more blacks now get a good education and good jobs than formerly, although there is still a long way to go. Some arguably believe the Civil Rights movement is over...but is it?   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In many areas of our country, there is still neighborhood segregation. Realtors and homeowners that conspire to sell only to white in order to keep black and other races out. The right to marry whom you want outside your race is still today a matter of discussion by parties other then the engaged couple. Although Blacks have made strives in the job industries. Yet even in Year 2004 we are still achieving first (Black appointee) in some professions. In the meantime, black leaders and other black citizens of influence, are urging the black race to continue to develop and maintain a sense of pride in their culture. The phrase and song title made famous by the soul singer, Mr. James Brown, â€Å"Black and I’m Proud† and the sister phrase â€Å"Black is beautiful† is a reminder to blacks (and whites) that they have much to be proud of.

Succubus Revealed Chapter 20

I thought about it for half a heartbeat, and even that was too long. There was no question what my decision could be. Seth and I were bound together. Even if it had been for Jerome's convenience, Seth had found my soul across the incredible reaches of the dream world. Seth and I had found each other, life after life, and continually fallen in love. Even if we didn't consciously remember each other, some inner part of ourselves had connected. I remembered Roman's words. Over and over, you find each other and lose each other, you bicker and fight, throw it all away on mistrust and lack of communication. Are you going to let that continue? No, the cycle was going to end. On my terms. These lives we'd lived . . . the pain we'd suffered . . . it wouldn't be for nothing. It didn't matter if Seth hated me and never wanted to see me again. I wouldn't abandon him – not now, not ever. â€Å"No deal,† I said to Roman. â€Å"Seth and I are doing this together, whether he knows it or not.† Roman didn't try to talk me out of it. He simply said, â€Å"You understand what's at stake?† â€Å"I do.† If we failed here, I wouldn't just lose my soul. I would also be looking forward to an eternity in Hell's service, with superiors none-too-pleased that I'd shaken up the status quo. I didn't doubt that there was some article or clause somewhere that said I couldn't be penalized for this, but as I'd noted before, Hell had plenty of ways of punishing people off the record. The Las Vegas position would probably no longer exist, forcing me to relocate to some truly terrible location. Hannibal called the court back to order, and Roman relayed my decision. Hannibal clicked his tongue disapprovingly. â€Å"Risking it all for the new car, eh? Well, ladies and gentlemen of the jury, it falls in your hands now. You've heard the evidence – and lack thereof. Do you believe there is enough ‘proof' to support the petitioner's case? Should both contracts – that these individuals willingly signed – be invalidated?† So much for justice being blind. The jury cast votes anonymously, which I found interesting. It was a small nod toward impartiality, theoretically providing protection to those who voted against their side's best interests. From what both Roman and Marcel had told me, I could see it happening among the angels. But did it ever happen with demons? Even if they knew the right or wrong of a situation, their ultimate goal was to accrue souls for Hell. Would any of them be moved by a case enough to go with their conscience? Was it possible that some spark of goodness could still endure in the darkness of this place? Judging from the quick way everyone scrawled their responses on the pieces of paper given, it didn't look like it. There was no hesitation. The demons wore cocky, self-assured expressions. Angels and demons came from the same stock, but I'd been told that once they spent enough time in Hell, that angelic nature was eroded away. These demons weren't going to lose any sleep about what became of my soul. The votes were collected by the bailiff. He sorted them into two suspiciously similarly sized piles and handed them to the judge. Hannibal did a quick count and nodded to himself before addressing us. A new stillness fell over the room. â€Å"Here we go,† murmured Roman. â€Å"The jury has spoken,† said Hannibal. â€Å"Six to six. We have a tie.† There was a collective exhalation in the room, and then the tension ramped back up as everyone waited for the next step. I shouldn't have been surprised by the tie, but some part of me had been hoping maybe, just maybe, a wayward demon would've voted in my favor. I had my answer. There was no spark of goodness here. It couldn't survive in Hell. â€Å"In accordance with article . . . fuck, I don't know . . . article something-or-other, we'll be going to a tiebreaker vote,† said Hannibal. The bailiff returned with an ornate vase, which he handed to the judge. Hannibal dumped out the contents, revealing a white marble and a black marble. â€Å"In this case, it really is as simple as black and white. If the black one's drawn, a demon casts the deciding vote. If it's white, an angel will.† He paused, looking bemused. â€Å"That's so cliched. I don't suppose we could switch the colors around? Just this once? No? Okay, let's get on with it.† He scanned the jury and pointed to an angel with curly red hair and long-lashed blue eyes. â€Å"You. You'll do the draw.† She nodded her acceptance and approached the bench gracefully. Again, another attempt at justice. If Hannibal had drawn the marbles, I would have been suspicious of the outcome. The fairness of the matter was future solidified when he made her swear to draw fairly, without using her powers to advantage. â€Å"I swear,† she said, placing the marbles in the vase. She shook them up and reached her hand in, casting a brief and – unless I was mistaken – sympathetic look at me. Her hand emerged, closed in a fist. When she opened it, no one could see the marble right away, but her face told the story. â€Å"Shit,† said Roman. The angel's palm revealed a black marble. She handed it to the judge who made no pretense at hiding his joy. He thanked her as she returned to her seat and then held the marble up for all the room to see. There was a murmur of excitement among the demons, delighted at having won the gamble he'd laid before us. I had a moment of regret, but only a small one. I could've walked away from here with my soul and life intact. I could've never brought this up and continued my life as a succubus undisturbed, living out the dream scenario in Las Vegas. Instead, I'd risked everything for the chance to free myself and Seth. And I'd lost for both of us. Had it been worth it? Yes. † ‘Fate' has spoken,† said Hannibal, still admiring the marble. â€Å"Per the rules, the decision now falls to a thirteenth juror, who will be randomly selected from a pool of Hell's illustrious servants. Doris?† Doris began clicking away at her laptop. After a few moments, she gave a nod toward the bailiff. He walked toward the back exit, presumably to escort in the thirteenth juror. My heart felt heavy and leaden, and I was startled when Roman again placed his hand on mine. â€Å"I'm sorry,† he said in a low voice. â€Å"I should have fought harder. Or pushed you to take the deal – â€Å" I squeezed his hand back. â€Å"No. You were perfect. The only thing you shouldn't have done was get involved with this mess.† It was impossible to believe, but whatever fate awaited me after my suit was denied wouldn't be half as bad as his. He gave me a playful smile. â€Å"What, and miss the chance to laugh in the face of Heaven and Hell? Besides, there's no way I could leave you to – â€Å" The courtroom had given way to chatter when the bailiff left, and now silence resumed upon his return. Whatever sentiments Roman had been about to say were lost, as he joined me in looking back to see the demon who would cast the last condemning vote on me. When I did, I had to do a double take. It was Yasmine. I almost didn't recognize her. It had been a year since I'd seen her, a year since I'd watched her fall from grace, transforming from an angel to a demon. Yasmine had committed a number of grave sins as an angel, starting when she'd fallen in love. That alone was forbidden for her kind, but it had gone one step further – she'd fallen for a nephilim named Vincent. Vince was a great guy, but like Roman, the standard reaction from angels and demons alike had been prompt destruction. One angel had finally acted on that impulse, and Yasmine had rushed to defend Vince – killing the other angel in the process. And with that, she had been condemned to Hell. I had seen it. It had been terrible. One angel's death, another's fall. It had all gone down the night Nyx had been found and recaptured. Vince and I had been in the cross fire of it. I'd done what I could for him, but there was nothing I could do to stop Heaven's punishment. Before leaving town, Vince had told me that it didn't matter what I thought I knew about Yasmine. He'd said that once she had spent enough time in Hell and around other demons, she'd become like them. It was what happened to all of them, how someone like Carter could become someone like Jerome. I hadn't believed it at the time but could understand it better after being surrounded in the despair and wrongness of this place. And when I studied her now, I could see it had happened to her too. I remembered a smiling, laughing young woman with sparkling dark eyes and shining black hair. The hair and eyes were ostensibly the same, but there was no light or laughter in them. Her eyes seemed fathomless, dark and cold as she stared straight ahead and walked to the front of the courtroom. She was wearing a gauzy black dress, reminding me of some Goth courtesan, and her long, flowing hair blended into the silken fabric. Even if I'd never met her or known her history, I would have instantly identified her as a demon. Just like the others in the room, there was something in the way she looked and carried herself. I was about to be condemned by someone who had once been my friend. Yasmine reached the front of the courtroom and was gestured toward the witnesses' table. She sat down, gazing around the room with an unreadable expression. â€Å"You've been following the trial?† asked Judge Hannibal. â€Å"Yes,† she said, in a voice as expressionless as her face. How she'd been watching, I couldn't say. With Hell, it could've been closed-circuit TV or a magic mirror for all I knew. â€Å"And you understand your duty?† asked Hannibal. â€Å"Yes,† she replied. Hannibal was trying to maintain some semblance of formality and procedure, but the self-satisfied smirk on his face was kind of negating that. He was too goddamned pleased with himself and this turn of events. â€Å"Cast your vote then, based on the evidence and arguments you've witnessed. If you believe the two contracts are both sound and have not contradicted each other, then cast your vote against the petitioner.† When silence followed, Roman spoke up. â€Å"And if she thinks the two contracts aren't valid?† â€Å"Yes, yes.† Hannibal made a dismissive gesture, annoyed at this obvious waste of his time. â€Å"If you believe the contracts do contradict each other, then cast your vote for the petitioner.† Yasmine was given a piece of paper and pen, just like the other jurors. And just like the others, she wasted no time in writing her vote, her markings swift and certain. When she finished, she looked up serenely, no change in her expression, no sign that we'd ever once known each other. As terrible as I felt about my own fate, I couldn't help but feel nearly as bad for what Hell had done to someone as good and kind as her. No, I thought. Not just Hell. Really, Heaven was just as guilty. What kind of group could advocate goodness and not allow its members to love? Hannibal took the paper from her with a flourish and held it out before him to read. â€Å"In accordance with the laws of this court, and the infallible Kingdom of Hell, the jury finds – † There was a pause, and the next part came out as a question. â€Å"In favor of the petitioner?† A spark of goodness in the darkness. . . . For a moment, nothing happened. The courtroom was silent, frozen in time. Then, several things happened right on top of each other. From behind me, I heard Jerome say, â€Å"Shit.† Yasmine winked at me. Roman hugged me. Hannibal reread the slip of paper, looked at Yasmine, and then swallowed before speaking. â€Å"Both contracts are declared invalid, null and void.† Most of the room was on its feet, voices raised in fury. I had no time to process what they were saying, though, because I was disintegrating away. â€Å"No, not yet!† I exclaimed. I reached desperately for Roman, whose arms had been around me, but couldn't get ahold of him anymore. I was becoming nothing, a will-o'-the-wisp, unable to grasp anything of substance. I tried, though. I tried to grab him and take him with me because there was no way I could leave him here, not in the midst of a bunch of demons pissed off over having just lost two souls. I even tried to say his name, but it didn't work. I had no mouth, no voice anymore. I was leaving this place, and he was staying. The last thing I saw was his sea green eyes regarding me with both happiness and sorrow. I thought I heard him saying something about â€Å"a far, far greater thing,† and then I perceived nothing. I would have screamed in fury if I could have, but I was gone. I was nothing. Only darkness.