San Marino - Information and Geography

San Marino is a small country located on the Italian Peninsula. It is completely surrounded by Italy and has an area of just 23 square miles (61 sq km) and a population of 33,779 people as of 2018. Its capital is the City of San Marino but its largest city is Dogana. San Marino is known as being the oldest independent constitutional republic in the world. Fast Facts: San Marino Official Name: Republic of San MarinoCapital: San MarinoPopulation: 33,779 (2018)Official Language: ItalianCurrency: Euro (EUR)Form of Government: Parliamentary republicClimate: Mediterranean; mild to cool winters; warm, sunny summersTotal Area: 24 square miles (61 square kilometers)Highest Point: Monte Titano at 2,425 feet (739 meters)Â  Lowest Point: Torrente Ausa at 180 feet (55 meters) History of San Marino It is believed that San Marino was founded in 301 CE by Marinus the Dalmatian, a Christian stonesman, when he fled the island of Arbe and hid on Monte Titano. Marinus fled Arbe to escape the anti-Christian Roman Emperor Diocletian. Shortly after he arrived at Monte Titano he founded a small Christian community that was later became a republic called the Land of San Marino in honor of Marinus. Initially, the government of San Marino consisted of an assembly made up of the heads of each family residing in the area. This assembly was known as the Arengo. This lasted until 1243 when the Captains Regent became joint heads of state. In addition, the original area of San Marino only included that of Monte Titano. In 1463, however, San Marino joined an association that was against Sigismondo Pandolfo Malatesta, Lord of Rimini. The association later defeated Sigismondo Pandolfo Malatesta and Pope Pius II Piccolomini gave San Marino the towns of Fiorentino, Montegiardino, and Serravalle. In addition, Faetano also joined the republic in the same year and its area expanded to a total of its current 23 square miles (61 sq km). San Marino has been invaded twice throughout its history—once in 1503 by Cesare Borgia and once in 1739 by Cardinal Alberoni. Borgias occupation of San Marino ended with his death several months after its occupation. Alberonis ended after the Pope restored the republics independence, which it has maintained ever since. Government of San Marino Today, the Republic of San Marino is considered a republic with an executive branch consisting of co-chiefs of state and a head of government. It also has a unicameral Grand and General Council for its legislative branch and a Council of Twelve for its judicial branch. San Marino is divided into nine municipalities for local administration and it joined the United Nations in 1992. Economics and Land Use in San Marino San Marinos economy is mainly focused on tourism and the banking industry, but it relies on imports from Italy for most of its citizens food supplies. The other main industries of San Marino are textiles, electronics, ceramics, cement and wine. In addition, agriculture takes place on a limited level and the main products of that industry are wheat, grapes, corn, olives, cattle, pigs, horses, beef, and hides. Geography and Climate of San Marino San Marino is located in southern Europe on the Italian Peninsula. Its area consists of a landlocked enclave that is entirely surrounded by Italy. San Marinos topography mainly consists of rugged mountains and its highest elevation is Monte Titano at 2,477 feet (755 m). The lowest point in San Marino is Torrente Ausa at 180 feet (55 m). The climate of San Marino is Mediterranean and as such it has mild or cool winters and warm to hot summers. Most of San Marinos precipitation also falls during its winter months. Sources Central Intelligence Agency. CIA - The World Factbook - San Marino.Infoplease.com. San Marino: History, Geography, Government, and Culture- Infoplease.com.United States Department of State. San Marino.

Iron Jawed Angels By Katja Von Garnier - 1651 Words

Iron Jawed Angels, by Katja von Garnier, is a non-fictional drama about a group of women who do everything they can and will do in order to the women’s right to vote during the years between 1912 and 1920, as it was started by Susan B. Anthony, Elizabeth Cady Stanton, and many others in 1890. Alice Paul and Lucy Burns, two of the younger women suffragists, join the NAWSA (the National American Woman Suffrage Association) to try to push for the constitutional amendment for women’s suffrage. Carrie Catt and Anna Shaw allow Alice Paul and Lucy Burns to take over the Washington D.C. NAWSA committee, but Alice and Lucy would have to raise their own funds for the committee. When Alice and Lucy first get to Washington D.C., Alice and Lucy go around recruiting a team of volunteers, including Mabel Vernon, Ruza Wenclawska, and Doris Stevens. Alice, Lucy, Mabel, Ruza, and Doris went to an art gallery to solicit for donations and in the process, Alice convinces Inez Mulholland, a labor lawyer, to be the figure for the parade and the committee. President Woodrow Wilson on one side of Washington D.C. feels a little bit ignored, because on the other side of Washington D.C. the women suffrage parade ends up turning into a riot, with the women suffragists being attacked. Alice and Lucy go over Carrie’s, the president of NAWSA, head to pursue their advantage of publicity by getting a delegation to go see and talk to President Wilson. President Wilson, tells them that they have to wait aShow MoreRelatedIron Jawed Angels: Film Analysis1302 Words   |  5 PagesIron Jawed Angels is the moving 2004 film that highlights how Alice Paul and Lucy Burns fought for womens suffrage. In the film, director Katja von Garnier, follows these women and the efforts they put forth as members of the National American Woman Suffrage Association (NAWSA) and later the work they did as founders of the National Womans Party (NWP). The film showcases the trials that Alice Paul and Lucy Burns had to overcome, not just from opposition found within NAWSA, but also among societyRead MoreEssay on Impossible is Nothing: One Woman, One Vote911 Words   |  4 Pagesinformation about wars and the passing of importance legislation, however there remains prominent gaps in our understanding of women suffrage for equality--a war that had been going on for half a century. Jennifer Friedess story Iron Jawed Angels produced by Katja von Garnier, underscores the struggle and grief that women suffragists endured, along with providing the viewer with an in-depth understanding of the events, consequences and heroic actions of the activists of the 1920s womens suffragistRead MoreIron Jawed Angels2588 Words   |  11 PagesTitle: Summary, Reaction, and Analysis Paper #1: Iron-Jawed Angels Iron Jawed Angels is a story of two women fighting for women’s rights. They led the struggle for the passage of the 19th amendment to the constitution which gave women the right to vote. These two women along with others petitioned, campaigned, and picketed to publicize the issue. After being arrested for â€Å"traffic violations† a group of women spent time in Occoquan Workhouse. Here they went on a hunger strike to protestRead MoreWomens Suffrage: Creation of the 19th Amendment Essay3991 Words   |  16 Pages2. Butler, Amy E. Two Paths To Equality : Alice Paul And Ethel M. Smith In The ERA Debate, 1921-1929. State University of New York Press, 2002. eBook Collection. Web. December 16, 2012 Movie Perf. = performers/actors names 3. Iron Jawed Angels. Katja Von Garnier. Perf. Hilary Swank, Anjelica Huston, Frances O’Connor. HBO, 2004, DVD Websites 4. â€Å"Women’s Suffrage in the United States.† Wikipedia: The Free Encyclopedia. Dec. 15, 2012. Wikipedia Foundation, Inc. from http://en.wikipedia.org/wiki/Womens_suffrage_in_the_United_States

Objectives in Corporate Finance free essay sample

If you don’t know where you are going, it does not matter how you get there† Aswath Damodaran Stern School of Business Aswath Damodaran 2 First Principles Invest in projects that yield a return greater than the minimum acceptable hurdle rate. †¢ The hurdle rate should be higher for riskier projects and reflect the financing mix used owners’ funds (equity) or borrowed money (debt) †¢ Returns on projects should be measured based on cash flows generated and the timing of these cash flows; they should also consider both positive and negative side effects of these projects. Choose a financing mix that minimizes the hurdle rate and matches the assets being financed. If there are not enough investments that earn the hurdle rate, return the cash to the owners of the firm (if public, these would be stockholders). †¢ The form of returns dividends and stock buybacks will depend upon the stockholders’ characteristics. Objective: Maximize the Value of the Firm Aswath Damodaran 3 The Classical Viewpoint Van Horne: In this book, we assume that the objective of the firm is to maximize its value to its stockholders Brealey Myers: Success is usually judged by value: Shareholders are made better off by any decision which increases the value of their stake in the firm The secret of success in financial management is to increase value. We will write a custom essay sample on Objectives in Corporate Finance or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The most important theme is that the objective of the firm is to maximize the wealth of its stockholders. Brigham and Gapenski: Throughout this book we operate on the assumption that the managements primary goal is stockholder wealth maximization which translates into maximizing the price of the common stock. Aswath Damodaran 4 The Objective in Decision Making In traditional corporate finance, the objective in decision making is to maximize the value of the firm. A narrower objective is to maximize stockholder wealth. When the stock is traded and markets are viewed to be efficient, the objective is to maximize the stock price. All other goals of the firm are intermediate ones leading to firm value maximization, or operate as constraints on firm value maximization. Aswath Damodaran 5 The Criticism of Firm Value Maximization Maximizing stock price is not incompatible with meeting employee needs/objectives. In particular: †¢ Employees are often stockholders in many firms †¢ Firms that maximize stock price generally are firms that have treated employees well. Maximizing stock price does not mean that customers are not critical to success. In most businesses, keeping customers happy is the route to stock price maximization. Maximizing stock price does not imply that a company has to be a social outlaw. Aswath Damodaran 6 Why traditional corporate financial theory focuses on maximizing stockholder wealth. Stock price is easily observable and constantly updated (unlike other measures of performance, which may not be as easily observable, and certainly not updated as frequently). If investors are rational (are they? ), stock prices reflect the wisdom of decisions, short term and long term, instantaneously.