IMMORALITY PLAGUES AMERICAN SOCIETY TODAY : from Tiger Woods to US Congress and Obama"s team.
Just one year ago, would you have believed that an unelected government official, not even a Cabinet member confirmed by the Senate but simply one of the many "czars" appointed by the President, could arbitrarily cut the pay of executives in private businesses by 50 percent or 90 percent? Did you think that another "czar" would be talking about restricting talk radio? That there would be plans afloat to subsidize newspapers-- that is, to create a situation where some newspapers' survival would depend on the government liking what they publish? Dismantling America by Thomas Sowell Tiger Woods Scandal Cost Shareholders up to $12 Billion, UC Davis Study Says Dec 28 01:38 PM US/Eastern. Former US President Clinton and an affair with young intern at the White House ...... This ? It shows an American society is plague with IMMORALITY by going astray from the principles the FOUNDING FATHERS.... fOR CAMBODIA Strong Resolution on Cambodia Human Rights Abuses Feb. 27, 1982 : UN Commission on Human Rights meeting in Geneva adopted a resolution condemning Vietnam’s occupation of Cambodia as a violation of Cambodian human rights. The vote was 28 in favor, 8 against, and 5 abstentions. Oct. 21, 1986 The UN General Assembly adopted a resolution A/RES/41/6, by vote of 116-21 with 13 abstentions, calling for a withdrawal of Vietnamese forces from Cambodia. 10 UN RESOLUTIONS,(1979-1988) VOTED BY 116 UN MEMBER COUNTRIES ,CALL VIETNAM TO CEASE HER OCCUPATION OF CAMBODIA & REMOVE ALL HER TROOPS FROM THE COUNTRY, ARE NOT RESPECTED AS OF TODAY. Oct. 21, 1986 The UN General Assembly adopted a resolution A/RES/41/6, by vote of 116-21 with 13 abstentions, calling for a withdrawal of Vietnamese forces from Cambodia. President Reagan's address to the 43d Session of the United Nations General Assembly in New York, New York,September 26, 1988. "Mr. Secretary-General, there are new hopes for Cambodia, a nation whose freedom and independence we seek just as avidly as we sought the freedom and independence of Afghanistan. We urge the rapid removal of all Vietnamese troops ...." As of today,Cambodia is still occupied by the Vietnamese troops despite the call from the US president to Vietnam to cease her occupation of Cambodia since 1988. Cambodia needs Independence from Vietnam and the Vietnamese invaders. Vietnam must cease her occupation of Cambodia at once. Bury ON TIGER WOODS further reading: Shareholders of Nike, Gatorade and other Tiger Woods sponsors lost a collective $5 to $12 billion in the wake of the scandal involving his extramarital affairs, according to a new study by researchers at the University of California, Davis. The losses are separate from – and potentially much larger than – damage to Woods’ own earnings. “Total shareholder losses may exceed several decades’ worth of Tiger Woods’ personal endorsement income,†said Victor Stango, a professor of economics at the UC Davis Graduate School of Management and co-author of the study. With fellow UC Davis economics professor Christopher Knittel, Stango looked at stock market returns for the 13 trading days that fell between Nov. 27, the date of the car crash that ignited the Woods’ scandal, and Dec. 17, a week after the golf great announced his indefinite leave from the sport. To assess shareholder losses, the economists compared returns for Woods’ sponsors during this period to those of both the total stock market and of each sponsor’s closest competitor. Knittel and Stango also reviewed returns for four years before the car accident to determine how each sponsor’s market performance normally correlates with that of the total market and of competitor firms. The study focused on nine sponsors for which stock prices are available: Accenture; American Express; AT&T Tiger Woods PGA Tour Golf (Electronic Arts); Gillette (Proctor and Gamble); Nike; Gatorade (PepsiCo); TLC Laser Eye Centers; and Golf Digest (News Corp.). Overall, Knittel and Stango concluded that the scandal reduced shareholder value in the sponsor companies by 2.3 percent, or about $12 billion. “(This) pattern of losses is unlikely to stem from ordinary day-to-day variation in their stock prices,†the researchers wrote. Investors in the three sports-related companies (Tiger Woods PGA Tour Golf, Gatorade, and Nike) fared the worst, the study found. They experienced a 4.3-percent scandal-generated drop in stock value, equivalent to about $6 billion. On the other hand, Accenture, a global management consulting firm, experienced no ill effects following the accident. “Economic theory would predict this,†Knittel said. “For Tiger Woods, having a firm like Accenture as a sponsor probably does not enhance the overall value of the Tiger brand very much, giving Woods a lot of bargaining power when negotiating that deal. If the company therefore ends up paying Woods something close to its extra profit from his endorsement, it isn’t much worse off without him than with him. “However, Nike and other premier sports-related sponsors are special for an athlete like Tiger Woods. They are themselves powerful brands that add value to Tiger’s brand and create other financial opportunities for him. This gives a premier sports sponsor the bargaining power to capture some of the profits generated by an endorsement deal with Woods – so that if the Tiger brand is tarnished, those profits may decline. Our study measures that decline.†The pace of losses had slowed by Dec. 11, the day Woods announced his leave from golf, Knittel and Stango found. But as late as Dec. 17, shareholders had yet to reverse their losses. “Our findings speak to a larger question of general interest in the business and academic communities: Does celebrity sponsorship have any impact on a firm’s bottom line?†Stango said. “Our analysis makes clear that while having a celebrity of Tiger Woods’ stature as an endorser has undeniable upside, the downside risk is substantial too.†Before the scandal, Woods earned about $100 million a year in endorsement income, more than any other athlete. The UC Davis study is available online at: http://faculty.gsm.ucdavis.edu/~vstango About UC Davis For more than 100 years, UC Davis has engaged in teaching, research and public service that matters to California and transforms the world. Located close to the state capital, UC Davis has 32,000 students, an annual research budget that exceeds $600 million, a comprehensive health system and 13 specialized research centers. The university offers interdisciplinary graduate study and more than 100 undergraduate majors in four colleges -- Agricultural and Environmental Sciences, Biological Sciences, Engineering, and Letters and Science. It also houses six professional schools -- Education, Law, Management, Medicine, Veterinary Medicine and the Betty Irene Moore School of Nursing. For more information about the UC Davis Graduate School of Management, visit http://www.gsm.ucdavis.edu _________________________________________________________________ Hotmail: Free, trusted and rich email service. http://clk.atdmt.com/GBL/go/171222984/direct/01/ -- You received this message because you are subscribed to the Google Groups "Cambodia Discussion (CAMDISC) - www.cambodia.org" group. This is an unmoderated forum. 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