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Boondoggling
A boondoggle is a project that is considered a waste of both time and money, yet is often continued due to extraneous policy or political motivations. Etymology "Boondoggle" was the name of the newspaper of the Roosevelt Troop of the Boy Scouts, based in Rochester, New York, and it first appeared in print in 1927. From there it passed into general use in scouting in the 1930s. It was attributed to a boy scout from Rochester who coined the term to describe "a new type of uniform decoration". After the presentation of honorific boondoggles at a World Jamboree, the use of the word spread to other troops and branches. An Oakland scout troop presented a "boondoggle" as an award for attendees who spent seven days and nights at Camp Dimond. That boondoggle was described as a "red leather strip which terminates in a red wooden diamond on which is painted the number 1930." The "boondoggle" was described in the Ogden ''Standard-Examiner'' in 1930 as a hand-made item crafted from brigh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Waste
Government failure, in the context of public economics, is an economic inefficiency caused by a government intervention, if the inefficiency would not exist in a true free market. The costs of the government intervention are greater than the benefits provided. It can be viewed in contrast to a market failure, which is an economic inefficiency that results from the free market itself, and can potentially be corrected through government regulation. However, Government failure often arises from an attempt to solve market failure. The idea of government failure is associated with the policy argument that, even if particular markets may not meet the standard conditions of perfect competition required to ensure social optimality, government intervention may make matters worse rather than better. As with a market failure, government failure is not a failure to bring a particular or favoured solution into existence but is rather a problem that prevents an efficient outcome. The problem to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
F-35
The Lockheed Martin F-35 Lightning II is an American family of single-seat, single-engine, all-weather stealth multirole combat aircraft that is intended to perform both air superiority and strike missions. It is also able to provide electronic warfare and intelligence, surveillance, and reconnaissance capabilities. Lockheed Martin is the prime F-35 contractor, with principal partners Northrop Grumman and BAE Systems. The aircraft has three main variants: the conventional takeoff and landing (CTOL) F-35A, the short take-off and vertical-landing (STOVL) F-35B, and the carrier-based (CV/ CATOBAR) F-35C. The aircraft descends from the Lockheed Martin X-35, which in 2001 beat the Boeing X-32 to win the Joint Strike Fighter program, Joint Strike Fighter (JSF) program. Its development is principally funded by the United States, with additional funding from program partner countries from NATO and close U.S. allies, including the United Kingdom, Australia, Canada, Italy, Norway, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California High-Speed Rail
California High-Speed Rail (also known as CAHSR or CHSR) is a publicly funded high-speed rail system currently under construction in California in the United States. Planning for the project began in 1996, when the California Legislature and Governor Pete Wilson established the California High-Speed Rail Authority and tasked it with creating a plan for the system and presenting it to the voters of the state for approval. In 2008, voters approved Proposition 1A, which established a route connecting all the major population centers of the state, authorized bonds to begin implementation, and set other requirements. The CAHSR system is being implemented in segments. The first of the dedicated HSR segments, the Interim Initial Operating Segment ("Interim IOS"), is being constructed now in the San Joaquin Valley portion of California's Central Valley. It will run from Merced to Bakersfield, and is planned to begin operations in 2029. Concurrently, in the major metropolitan areas of Sa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nalcor Energy
Nalcor Energy is a provincial energy corporation which is headquartered in St. John's, Newfoundland and Labrador. A provincial Crown corporation under the Government of Newfoundland and Labrador, Nalcor Energy was created in 2007 to manage the province's energy resources. The company has distinct business lines comprising Newfoundland and Labrador Hydro, the Churchill Falls Generating Station, The Lower Churchill Project, energy marketing, oil and gas development, and The Bull Arm Fabrication Site. Hydro Newfoundland and Labrador Hydro, commonly shortened to "Hydro", is the Nalcor subsidiary that generates and delivers electricity for Newfoundland and Labrador, as well as parts of Quebec and the north-eastern United States. It also delivers voice and data telecommunications services to customers in some areas. Hydro itself is the parent company of the Hydro Group of Companies, which comprises * Churchill Falls Labrador Corporation Limited (CFLCo) * Lower Churchill Developmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Can$
The Canadian dollar (symbol: $; code: CAD; french: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, there is no standard disambiguating form, but the abbreviation Can$ is often suggested by notable style guides for distinction from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, are sometimes referred to as the ''loonie'' by English-speaking Canadians and foreign exchange traders and analysts. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth-most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems. History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newfoundland And Labrador
Newfoundland and Labrador (; french: Terre-Neuve-et-Labrador; frequently abbreviated as NL) is the easternmost province of Canada, in the country's Atlantic region. The province comprises the island of Newfoundland and the continental region of Labrador, having a total size of 405,212 square kilometres (156,500 sq mi). In 2021, the population of Newfoundland and Labrador was estimated to be 521,758. The island of Newfoundland (and its smaller neighbouring islands) is home to around 94 per cent of the province's population, with more than half residing in the Avalon Peninsula. Labrador borders the province of Quebec, and the French overseas collectivity of Saint Pierre and Miquelon lies about 20 km west of the Burin Peninsula. According to the 2016 census, 97.0 per cent of residents reported English as their native language, making Newfoundland and Labrador Canada's most linguistically homogeneous province. A majority of the population is descended from English and Irish s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lower Churchill Project
The Lower Churchill Project is an ongoing hydroelectric project in the Labrador region of Newfoundland and Labrador, Canada, to develop the remaining 35 per cent of the Churchill River that was not developed by the Churchill Falls Generating Station. The station at Muskrat Falls will have a capacity of over 824 MW and provide 4.9 TWh of electricity per year. A $6.2 billion deal between Newfoundland and Labrador's Nalcor Energy and Halifax, Nova Scotia-based Emera to develop the project was announced in November 2010. On November 30, 2012, a federal loan guarantee deal for financing of the project was signed by Prime Minister Stephen Harper, Newfoundland and Labrador Premier Kathy Dunderdale and Nova Scotia Premier Darrell Dexter. On December 17, 2012, the provincial government announced project sanction. Emera received approval to proceed with the Maritime Link from the Nova Scotia Utility and Review Board in 2013. Financial close for the loan guarantee occurred in late 2013. On ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply Chain
In commerce, a supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products to customers through a distribution system. It refers to the network of organizations, people, activities, information, and resources involved in delivering a product or service to a consumer. Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product and delivering the same to the end customer. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains. Suppliers in a supply chain are often ranked by "tier", with first-tier suppliers supplying directly to the client, second-tier suppliers supplying to the first tier, and so on. Overview A typical supply chain begins with the ecological, biological, and political regulation of natural resources, followed by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zellers
Zellers was a Canadian discount department retail chain and is currently a brand name owned by the Hudson's Bay Company (HBC). Founded in 1931 in London, Ontario, in later decades it was based in Brampton, Ontario. Zellers was acquired by HBC in 1978 before closing in 2013. A series of acquisitions and expansions allowed Zellers to reach its peak in the 1990s, with 350 stores across the country in 1999. However, fierce competition by Walmart Canada and an inability to adjust to the increasingly volatile retailing industry resulted in Zellers losing significant ground in the 2000s. At the same time, HBC's new owner NRDC Equity Partners was focusing on bolstering and re-positioning Zellers' sister chain, The Bay, with an upscale and fashion-oriented direction, and saw Zellers as a detriment to the turnaround. In January 2011, HBC announced that it would sell the lease agreements for up to 220 Zellers stores to the US chain Target for $1.825 billion. In turn, Target announced i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Write-down
A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the income. Income tax In income tax calculation, a write-off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of $50,000 per year, a $100 telephone for business use would lower the taxable income to $49,900. If that person is in a 25% tax bracket, the tax due would be lowered by $25. Thus the net cost of the telephone is $75 instead of $100. In order for business owners to write off business expenses, the IRS states that purchases must be both ordinary and necessary. This means that deductible items must be usual and required for the business owner's field of work. For example, a telemarketer may deduct the purchase of a phone, sin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Target Canada
Target Canada Co. was the Canadian subsidiary of the Target Corporation, the eighth-largest retailer in the United States. Formerly headquartered in Mississauga, Ontario, the subsidiary was formed with the acquisition of Zellers store leases from the Hudson's Bay Company in January 2011. Target Canada opened its first store in March 2013, and was operating 133 locations by January 2015. Its main competition included Walmart Canada and the local Loblaws and Shoppers Drug Mart chains and Canadian Tire to some extent. Target Canada was ultimately unsuccessful, with an overly-aggressive expansion initiative, in addition to higher prices and a limited selection of products compared to Target stores in the United States and its Canadian rivals, particularly Walmart. The retail chain racked up losses of $2.1 billion in its lifespan, and was widely viewed as a failure, termed a "spectacular failure" by Amanda Lang of CBC News, "an unmitigated disaster" by ''Maclean's'' magazine and "a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berlin Brandenburg Airport
Berlin Brandenburg Airport ''Willy Brandt'' (german: Flughafen Berlin Brandenburg "Willy Brandt", , ) is an international airport in Schönefeld, just south of the Germany, German capital Berlin in the state of Brandenburg. Named after the former Mayor of West Berlin, West Berlin mayor and Chancellor of Germany, West German chancellor Willy Brandt, it is located south-east of the city centre and serves as a base for easyJet, Eurowings and Ryanair. It mostly has flights to European metropolitan and leisure destinations as well as a number of intercontinental services. The new airport replaced Berlin Tempelhof Airport, Tempelhof, Berlin Schönefeld Airport, Schönefeld, and Berlin Tegel Airport, Tegel airports, and became the single commercial airport serving Berlin and the surrounding States of Germany, State of Brandenburg, an area with a combined 6 million inhabitants. With projected annual passenger numbers of around 34 million, Berlin Brandenburg Airport has become the Li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
