The roll of a judge is similar to that of a referee Essay

The roll of a judge is similar to that of a referee - Essay Example In a game, the referee controls the proceedings, making sure that the players follow all the rules of the game, and that they play it within the scope and gamut of the rules. Similarly, in court proceedings a judge plays the pivotal role of applying and interpreting the laws and resolving disputes arising under them. Thus, it can be stated that the role of a judge is similar to that of a referee. Every game has a set of rules, which dictates how the game will be played. When it is being played between two different players or teams, disputes may arise. Therefore, someone has to supervise the game and intervene when a rule is broken, to ensure that it is played in a fair manner and the participants follow stipulated rules. The judge functions in a similar way under the judicial system to ensure that the laws are followed and justice is served to the parties involved without bias and prejudices. It is incumbent upon both the judge and the referee that they avoid discrimination, and promote equality. In order to be effective in their roles both have to possess an in-depth knowledge of the relevant rules and should be in a position to explain the rules if questioned. This makes the role of a judge comparable to that of a referee because they judge a game in the context of the rules governing it and assess penalties or award punishments for violations. In order for a judge to be effective in his role of safeguarding justice he should be able to act independently outside of any influences so that he can carry out the verdict within the limits of the law, and hand down a judgment that meets the ends of natural justice. The Constitution of every democratic country recognizes the independence of judges by guaranteeing them liberty to take decisions and making the judicial branch as a separate entity distinct from other branches of the government. Judges interpret laws and make decisions but they don’t impose their

Financial Research Report for Ford Motor Company Paper

Financial Report for Ford Motor Company - Research Paper Example The company, at present, is one of the biggest producers of cars and trucks at a global level. The different brands of Ford Company vehicles include Ford, Lincoln, Mercury and its redesigned Ford Mustang and the F-Series pickup which have been very successful. The company also possesses interest in Mazda and commands the Volvo nameplate. Ford Motor Company has 95 plants spread throughout the world with 41 distribution centers and warehouses. It also has 50 engineering, research and development centers. The company carries its operations under the two sections namely, Automotive and Financial Services. For the year ended on December 31, 2008, Ford traded the ACH glass business to Zeledyne, LLC. The Nashville, Tulsa, and VidrioCar plants were also included in this sale. In the year 2008, Ford and its subsidiary, the Volvo Car Corporation sold the Thai-Swedish Assembly Group to Volvo Holding Sverige, AB. The company was able to acquire 72.4% of the shares of S.C. Automobile Craiova SA in March 2008. The sale of the company's Jaguar and Land Rover operations to Tata Motors Limited took place in June 2008. The share value of Ford has reached $1.56. Steny Hoyer, the House Majority Leader told the Fox News Sunday that he expects that the plans of the companies will win governmental aid. However, its accountability and feasibility are yet to be seen in the long run. But the Republican leader Mr. John Boehner was sceptical about these plans. He remarked that it was a matter of convincing the American tax payers that the government was financing a viable corporation. The following is the stock activity of the company: Stock Activity Last Price 6.11 52 Week High 6.75 52 Week Low 1.01 Volume 54.58 Mil Average Daily Volume (13wk) 102.05 Mil 50 Day Moving Average 5.19 200 Day Moving Average 3.31 Volatility (beta) 2.55 F Intraday Chart 5d 1m 3m 1y 3y 5y 10y Beta 2.55 Dividend & Yield NA Earnings/Share -7.03 Forward P/E -15.28 Market Cap. 19.39 Bil P/E -0.86 Return on Equity NA Total Shares Out. 3.17 Bil Financial data in U.S. dollars (Source: http://moneycentral.msn.com /detail/stock_ quote'Symbol=F, retrieved on 14th June, 2009) Ford Motor must strive hard to find out new strategies to make the company progressive. That is what the Democrats told the executives of the major three companies last week, when they sought an emergency financial aid of $25 billion. They were told by the Democratic leaders to submit new proposals with bailout plans to Congress on 2nd December. On getting the proposals they would hold hearings for voting on it the next week. Stock Charts (2009-06-14) Ford Motor The companies have to prepare a plan as to how the governmental loans will be utilised and period for which the financial loans are required. In order to get these loans the companies must forego the payment of dividends and the huge amount of executive compensation. (http://articles.moneycentral.msn.com/Investing/Dispatch/market- dispatches-112408.aspx, retrieved on 14th June, 2009) Ratio analysis Gross Profit Margin 19.4% EBIT Margin -5.1% EBITDA Margin 4.4% Pre-Tax Profit Margin -12.8% Current Ratio 2.4 Quick Ratio 1.9 Receivables Turnover 1.2 Inventory Turnover 11.2 Asset Turnover 0.5 Revenue to Assets