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A unit of measurement used to indicate download and upload speeds. Upload speeds. Transfer data from your home for activities like video calls, uploading large files, working on online documents and live gaming. Get the latest internet, streaming, wireless, TV and home security news directly to your inbox. On this page: How is internet speed measured? What is broadband? What is considered fast internet? What is considered slow internet?

Take a speed test What difference does a good speed make? When are download speeds important? When are upload speeds important? Common fast internet speed tiers include: Mbps Mbps Mbps Mbps. When connecting multiple devices, streaming in HD or using a Wi-Fi connection , speed tiers that could be considered slow include: Anything less than 1 Mbps 3 Mbps 5 Mbps.

Dial-up Regardless of the internet activity, dial-up is considered slow internet because it can only offer speeds up to 56 kbps. Fixed wireless Fixed wireless is a popular internet solution in rural areas. Your speed test results:. Download Speeds. Upload Speeds. Need more for the price? View providers near me Rather chat? Give us a call: Rather chat? What to read next Read more. Everything you need to know about internet speeds Ari Howard — 12 min read.

Subscribe to our weekly newsletter for internet news and promos. Sign me up By subscribing, you agree to receive Allconnect newsletter and promotional emails. Thanks for subscribing! Thanks for signing up. Check your inbox and stay tuned for deals, news and more. Want to stay connected with the latest deals?

Email address. Zip Code. Enter your address to view what's available near you Why do we ask for your address? Street address. ZIP code. If you want to stream in 4k Ultra HD, you will need a minimum of 25 Mbps.

However, streaming even one video in 4k HD may use up all of your available bandwidth. For that reason, if you like high-definition video and you have more than one device connected at a time, we recommend a speed of 50 Mbps or more. For instance, say you have a 25 Mbps down connection speed.

Your total potential speed is split across all of the devices connected to the network. Also, using WiFi will always be slower than a hardwired connection. Trying to stream over WiFi can produce less-than-stellar results. Use our bandwidth calculator to get an estimate of the speed you actually need to stream on multiple devices at home. Online gaming is one of the few activities that require a fast upload speed.

This is because the actions that you perform in-game are uploaded to a server for other players to view and interact with. Minimum internet speed requirements for gaming are usually Mbps if nobody else in the house is using up your bandwidth. Unfortunately, slower internet plans such as these may not give you the upload speed you need for a consistently good experience.

If you are the only one at home, a 25 Mbps internet plan is recommended for smooth gaming. Latency is a measurement of the amount of time it takes for data to be transmitted from one point to another. Honestly, the majority of users will likely not be impacted by latency. Latency is more of an issue for satellite internet users as it takes longer for data to travel and is more susceptible to interference than wired internet connections i.

You will likely see the term GB used in conjunction with data caps, which some providers use to limit the amount of data you can consume. These can either be hard capped service is not available after exceeding the stated amount or soft-capped, meaning you will simply experience slower speeds — and potentially, additional charges. Fiber-optic internet is also less susceptible to slowdowns, so you may also want to factor that into your decision.

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Devon Delfino. There is no one "good" internet speed, but you'll likely need a download speed of at least 12 megabits per second Mbps to browse the internet comfortably. Generally, internet speeds can be divided into three categories: basic, average, and advanced. If multiple devices are using your internet connection at the same time, you'll need internet speeds around 25 Mbps to accommodate them.






















Torque, on the other hand, is the expression of a rotational or twisting force. In vehicles, the engines rotate around an axis, thus creating torque. It is the force that rockets a sports car from in seconds and pushes you back in the seat. It is also what powers big trucks hauling heavy loads into motion.

These are the basics of horsepower and torque, but how are these concepts measured and how are they interrelated? Mathematically speaking, horsepower is the force needed to move pounds one foot in a second, or 33, pounds one foot in a minute. Horsepower is found by measuring torque because torque is easier to calculate.

Torque, as previously mentioned, is the expression of a twisting force and is measured in units of force times distance from the axis of rotation. In this case the distinction is static torque, the kind you apply with a wrench to tighten head bolts. To avoid confusion, the units for static torque are traditionally foot-pounds. Just to be contrary, SI sticks with newton-meters for both static and dynamic torque measurements.

Power is how rapidly work is accomplished. Eighteenth-century Scottish inventor James Watt gave us this handy equivalency: one horsepower is the power required to lift 33, pounds exactly one foot in one minute. Honoring that contribution, the SI measurement unit for power is the kilowatt. In other words, power is the rate of completing work or applying torque in a given amount of time.

Mathematically, horsepower equals torque multiplied by rpm. So, to make more power an engine needs to generate more torque, operate at higher rpm, or both. While thumbnail definitions are great for textbooks, applying them to real engines is another matter. One concern is that every car engine has an idle-to-redline operating range. It makes substantially less power at idle only enough to spin engine-driven accessories and a bit less than horsepower at the rpm redline.

An engine achieves high power either through high torque or high engine rotation speeds. The maximum engine power that the manufacturers advertise and that is also specified in the vehicle registration document is usually available at high engine speeds.

So when we talk about good power from the lower engine speed range, we mean that there is high torque even at low engine speeds.

This is useful knowledge for limiting gear changes when driving manual transmission vehicles. Or for pulling trailers in your car and for driving uphill. An example illustrates the difference between torque and engine power. At the same time, engine power increases with increasing engine speed.

When the driver feels that the engine power, the engine performance, is decreasing in relation to the engine speed, they shift up a gear an automatic does this itself, of course. The engine speed then drops, and the game starts all over again.

Contrary to popular belief i. Which brings us to the electric car engine. They provide full torque from the word go. With no delay whatsoever. Not only that, but jolt-free and without gear changes, as many electric cars come with a single-speed automatic transmission. In other words, maximum torque is actually reached at a low rpm in an electric motor. From there, the torque drops and the engine power remains constant.

As soon as the point of maximum torque is reached, the vehicle no longer accelerates faster. It all comes down to what you as a driver need. Torque is a physical quantity that indicates the traction in an engine design. The province you select allows us to calculate a MSRP based estimated price for your vehicle. Please click "Apply" to update your preferences.

Entrance to this website assumes you have read and agree to these Legal Terms and Conditions and the Privacy Policy. Torque is present in everyday happenings, such as operating a doorknob, opening a soda bottle, using a wrench, or pedaling a bicycle. This applies torque, or a twisting force, to the bolt. While horsepower is simply measured in horsepower, torque is typically measured in pounds feet lb.

Applying one pound of force to the end of that one-foot long wrench exerts one lb. More torque can be applied by adding more weight, or, by using a longer wrench. The lug nuts that attach the wheels to your car typically need to be tightened to about lb.






















Sign up for a Skype Number and get the convenience of a local number that people can call, wherever you are, on any device. A Skype Number is a second phone number which is attached to your Skype account, allowing you to answer incoming calls on your Skype app anywhere.

People can call you from their mobile or landline and you pick the call up in Skype. A Skype Number is great option if you, or your friends and family live in different countries, or plan to travel abroad and want an affordable way to keep in touch.

Anyone can dial your Skype Number from any mobile or landline and you simply pick up the call on Skype. If you frequently receive calls from more than one location you can have up to 10 Skype Numbers attached to your account.

The best Android smartwatches for Which should you buy on Black Friday? How to make video calls using smart displays. The most common Echo Show problems and how to fix them. With Tesla bleeding money, Elon Musk initiates hardcore spending review. The best new shows to stream on Netflix, Hulu, Amazon Prime, and more.

Guide to smart light switches. How to downgrade from Windows 11 to Windows The best anime on Hulu right now. Calling Skype contacts on Skype is always free - but to call a mobile phone or landline through Skype requires Skype Credit or a subscription. Tip : You can also quickly turn any chat into a call - just select the audio or video button from a one-on-one chat or select the Start call button in a group chat.

Note : If you've synced your mobile address book with your Skype contact list , you can also make Skype calls right from your device's contact list. Just tap the Skype button next to the person you want to call. Available in Skype on Android 6. You'll need a little Skype Credit or a subscription to call someone on their mobile or landline. Up to people 99 plus yourself can be on the same audio call. The maximum number of video streams will vary depending on the platform and device you are using.

Learn more about Modern grid view where you can view up to 10 video streams at once. Yes, use the dial pad to enter toll free numbers on Skype. Skype is not a replacement for your telephone and should not be used for emergency calling. There are some circumstances which limited emergency calling is supported over Skype, learn more.

Ready to learn more? What can I do during a Skype call? How do I answer a call in Skype? H ow do I manage group settings in Skype? Learn more about Skype Numbers or get a Skype Number now. No emergency calls with Skype Skype is not a replacement for your telephone and can't be used for emergency calling.

Host a meeting. Please check Skype Status for details. Skype Help Purchases and payments Skype Number.






















The TSP offers the same types of savings and tax benefits as a k plan. Military service does not automatically count toward civil service retirement.

To receive credit for military service performed after , you must pay a deposit. Your pension or annuity payment may be taxable.

Visit the OPM website to report the death of a federal employee or retiree and apply for death benefits. Retirement requires a lot of planning and consideration. Experts advise that you may need as much as 80 percent of your pre-retirement income to continue your current standard of living.

The exact amount will depend on your individual needs. Can you participate in an employer's retirement savings plan? This includes k plans and traditional pension plans. Will you have the same medical insurance you had while working? Will your insurance coverage change? Use a retirement calculator to find out the best age to claim your Social Security benefits.

Compare the pros and cons of receiving pension payments monthly or in a lump sum. Social Security pays benefits that are generally equal to about 40 percent of your pre-retirement earnings. The Social Security Administration helps you estimate your benefits. Learn from Investor. Ask a real person any government-related question for free.

They'll get you the answer or let you know where to find it. Government Employees Unemployment Help. Watch "" on YouTube. How many years do you have left until retirement? How long will you live in retirement? Here are a few tips on how to save smart for retirement: Start now. Increases and decreases in the value of the plan's investments do not directly affect the benefit amounts promised to participants. Thus, the investment risks and rewards on plan assets are borne solely by the employer.

When a participant becomes entitled to receive benefits under a cash balance plan, the benefits that are received are defined in terms of an account balance. The benefits in most cash balance plans, as in most traditional defined benefit plans, are protected, within certain limitations, by federal insurance provided through the Pension Benefit Guaranty Corporation PBGC.

Consumer Information on Retirement Plans - Publications and other materials providing information about your rights as retirement plan participants under federal retirement law. Compliance Assistance - Provides publications and other materials designed to assist employers and employee benefit plan practitioners in understanding and complying with the requirements of ERISA as it applies to the administration ofemployee pension and health benefit plans.

This publication provides questions and answers on QDROs. Retirement and Health Care Coverage: Questions and Answers for Dislocated Workers PDF - Provides answers to commonly asked questions from dislocated workers about their retirement and health plan benefits. PDF - Provides information on bankruptcy's effect on retirement plans and group health plans. Costa, Dora L. Chicago: University of Chicago Press, Durand, John D. The Labor Force in the United States Easterlin, Richard A.

Fogel and Stanley L. Gendell, Murray. Glasson, William H. Federal Military Pensions in the United States. New York: Oxford University Press, Goldin, Claudia. Graebner, William. New Haven: Yale University Press, Haines, Michael R. Rossi, pp.

New York: Aldine Publishing Co. Kingson, Eric R. Westport, CT: Auburn House, Lee, Chulhee. Maloney, Thomas N. Net Encyclopedia, edited by Robert Whaples, Jan 18, Moen, Jon R. Ransom, Roger and Richard Sutch. Louis, a. Ransom, Roger L. Ruggles, Steven and Matthew Sobek, et al.

Short, Joanna S. Sundstrom, William A. Williamson, Samuel H. Department of Labor, Vol. World Bank, Policy Research Department, Please read our Copyright Information page for important copyright information.

Send email to admin eh. Newsletters To join the newsletters or submit a posting go to click here. Joanna Short, Augustana College One of the most striking changes in the American labor market over the twentieth century has been the virtual disappearance of older men from the labor force. Trends in U. Retirement Behavior Trends by Gender Research on the history of retirement focuses on the behavior of men because retirement, in the sense of leaving the labor force permanently in old age after a long career, is a relatively new phenomenon among women.

Trends by Race and Region Among older men at the beginning of the twentieth century, labor force participation rates varied greatly by race, region of residence, and occupation. With the exception of the figures for , participation rates are based on the gainful employment standard Similarly, the labor force participation rate of men age 65 and over living in the South was higher than that of men living in the North in the early twentieth century.

Trends by Occupation Older men living on farms have long been more likely to be working than men living in nonfarm households. Trends in Living Arrangements In addition to the overall rise of retirement, and the closing of differences in retirement behavior by race and region, over the twentieth century retired men became much more independent. Explaining Trends in the Retirement Decision One way to understand the rise of retirement is to consider the individual retirement decision.

Health Status Empirically, age, disability, and pension income have all been shown to increase the probability that an individual is retired. The Decline of Agriculture Older farmers are somewhat more likely to be in the labor force than nonfarmers. Rising Income: The Most Likely Explanation The most likely explanation for the rise of retirement is the overall increase in income, both from labor market earnings and from pensions.

Financing Retirement Rising income also provided the young with a new strategy for planning for old age and retirement. Pensions and Government Retirement Programs Military and Municipal Pensions In addition to the rise in labor market income, the availability of pension income greatly increased with the development of Social Security and the expansion of private employer-provided pensions.

Private Pensions As military and civil service pensions became available to more men, private firms began offering pensions to their employees. Social Security The Social Security system was designed in to extend pension benefits to those not covered by a private pension plan. The Growth of Private Pensions Even in the shadow of the Social Security system, employer-provided pensions continued to grow.

Summary and Conclusions The retirement pattern we see today, typically involving decades of self-financed leisure, developed gradually over the last century. References Achenbaum, W. Lebergott, Stanley. Manpower in Economic Growth. New York: McGraw Hill, Citation: Short, Joanna. Net Encyclopedia, edited by Robert Whaples.

You can find your full retirement age by birth year in the full retirement age chart. You can get Social Security retirement benefits as early as age Visit our website to learn how claiming retirement benefits early will affect your benefit amount.

When you delay benefits beyond your full retirement age, the amount of your retirement benefit will continue to increase up until age There is no incentive to delay claiming after age Beyond deciding when to begin receiving retirement benefits, other factors that can affect your benefits include whether you continue to work, what type of job you had, and if you have a pension from certain jobs.

You can choose to keep working beyond your full retirement age. If you do, you can increase your future Social Security benefits. Each extra year you work adds another year of earnings to your Social Security record.

Higher lifetime earnings can mean higher benefits when you choose to receive benefits. While Social Security earnings are calculated the same way for most American workers, there are some types of earnings that have additional rules.

Pensions and taxes have the potential to impact your retirement benefit. Review the resources below on pensions and other factors you should consider:. Learn about Emergency Assistance for Homeowners and Renters. Retirement Benefits Learn Apply Manage.






















So, can Valve make reports less punishing for innocent players? While there might be no direct approach to fix this, there are ways to mitigate the impact of the report system.

When it comes to players who report others simply for playing certain heroes, their behavior is likely a constant, recurring one, rather than a one-off display.

For these players, fraudulent reports can be flagged from the account and can be discounted. Players who routinely misuse the report system can also suffer a drop in their conduct score, providing a very real warning to the user in question. The support section of the website is very clear about what issues can be reported, with abuse and harassment being a qualifying reason for action.

You are able to prevent abuse in the first instance by voting against any person s that may be displaying abusive or toxic behavior within the Counterstike: Global Offensive game. Reporting an abusive Roblox player is done through the in-game menu where you can open the report tab and fill out the appropriate form.

Dota 2 players are constantly being monitored by the other players within the online community whilst playing the game. At the end of each game, other players can give feedback to each other anonymously. Players who are reported repeatedly may be subject to a ban or put on a lower priority quote for in-game matches. Per player you can give 3 reports per week. Valve break this down into 3 different forms of abuse that are relative to Dota 2. Easily accessed through the in-game menu, you can mute players and report a player — there is also a player report system that applies automatic language bans.

It looks like this:. You may be wondering how the behavior score in Dota 2 is checked — surely you want to know how you stand after all this talk about low priority and other punishments? Checking your score is easy. Just follow these steps:. No one knows exactly how it is calculated, but it is certainly based on commends, abandons and reports.

Hey there! It's nice of you to pass by and pay interest to who I am. I've been working in the iGaming industry for more than 5 years and been a hard core gamer ever since I was able to grab hold of the joystick on the ancient commodore That's pretty much my motto and sometimes my colleagues feel like team-killing me for being too nitpicky. But at the end of the day they know that it's all for the best. Favorite eSport game to watch?

Dota 2, no doubt. During low-priority, you cannot play ranked matches or nprmal matches — the system bewares other players from these misbehaving guys.

In low-priority matches you can only play the Single Draft mode. In Single Draft, a player is bound to choose between three random heroes. Moreover, to reduce the penalties, it is necessary to win the game.

Otherwise, you will stick to the same number of penalties. Sometimes it gets so hard to leave the low-priority because nearly no one puts much effort into these matches. This leads to even more discouraged players and you can often see leavers and afk guys in low-prio matches… This is why low-prio is extremely hated and why the community is complaining so much about it.

Once you get in, it is extremely hard and humiliating to get out…. Note: If you did not behave well in low priority and try to irritate fellow players again, then your penalties will get more severe. In Dota 2, there is an option of conduct summary, and it shows all the abandons, reports, and commends you have received in the past 25 games. Below these options, you will see your overall conduct. Overall conduct matters a lot because it identifies your behavior with other players.

If you are a Battle Pass subscriber, then you are aware of a feature called coach challenge. In this feature, you act as a coach of a team. If you want to act as a coach, then you have to keep your conduct summary positive because conduct summary affects the overall conduct of the Player. To be a reliable player in the Dota 2 community, calculated by Valve it is crucial to have a behavior-score of or higher.

However, Valve nowadays prevents players with low behavior score from playing ranked matches for good reasons: They can ruin other players MMR as well and destroy what Dota 2 makes great: Teamplay. Avoid talking to immature players, and try your best in increasing your rank because of the higher level you have, the less naive players you will face.

Increase your behavior score and an act as a respectable member of the Dota 2 community! How can I report someone in Dota 2? At the end of a Dota 2 match the performance page will appear.

Above each hero, there are two options, commend and report. This can only be done directly after the game, it will dissapear after some time.

Click onto the report this player option and a popup will open.






















If not, the developer is required to complete a post-construction assessment. In recent years, numerous environmental disputes have arisen over the construction of waste incineration power plants.

For example, protests by nearby residents against the construction of the Liulitun waste incineration power plant in Beijing had a significant social impact at the time. Since then, a mechanism for public participation has been introduced. For controversial projects that are environmentally sensitive, local governments are responsible for explaining the project to the public and for holding public hearings, if necessary.

Like other economic sectors, the electric power sector generation, transmission, and distribution facilities in the United States is covered by a wide range of land-use and environmental regulations that encompass the development and construction of new facilities, facility operation, and decommissioning and site restoration.

Project developers must typically attend to layers of local, tribal, state, and federal regulations and deal with multiple agencies and permitting processes. Thus the complexities of planning and permitting may be multiplied in terms of approval steps and timelines due to the number of parties involved. Special protections or bans on development may apply to lands including privately owned land with special designations, including historic sites, prime farmland, and wilderness and roadless areas.

Where federal. Federal NEPA requirements apply for any electrical generating facilities or transmission lines on federally managed public lands or offshore. Approximately 30 percent of the land in the United States is federal public land, and public lands are especially prevalent in the western United States, where significant wind, solar, geothermal, and hydropower resources are located.

The American Wind Energy Association has compiled a guidance document that outlines the types of local-scale environmental impacts that can arise and the corresponding regulatory framework that governs the development of wind energy projects AWEA, Projects developed on private lands face an array of local, tribal, state, and federal land-use and environmental review and permitting requirements designed to ensure that potential impacts are identified and mitigated.

Siting and land-use regulations for privately owned land are usually the purview of state, tribal, or local governments, and hence vary widely across the country. In some states, public utility or state energy siting boards have jurisdiction to review and authorize new electricity generation facilities. State environmental quality and wildlife conservation agencies may implement requirements for environmental review.

In other states, or for relatively small projects, siting decisions may be left to municipal or county agencies. Whether or not state-level approval is required, almost all projects on private land require local review for compliance with zoning restrictions and ordinances limiting height, setbacks, and noise.

Renewable energy projects that release contaminants into air or water or thermal pollution to surface bodies of water may also be subject to state and federal regulations. The primary laws governing air and water pollution in the United States are the Clean Air Act and Clean Water Act, both of which include direct federal regulations as well as programs that are mandated and enforced by the federal government but administered by states or tribes. Compliance with air pollution regulations under the Clean Air Act is required for biomass combustion and geothermal facilities that release pollutants to the atmosphere during operation; other renewable projects that entail clearing land or construction of new roads may also have to address concerns about vehicle or construction equipment emissions and fugitive dust.

Biomass, geothermal, and solar thermal power plants that discharge cooling water to lakes or rivers face regulation for thermal pollution as well as contaminant discharges. Discharge permits may also be required for renewable energy projects that use water during exploration or production phases, including for sanitation and dust suppression.

Confronted with multiple pressures, such as the need for economic development, expanded employment, and mitigation of GHG emissions, the Chinese government has promulgated policies and implemented laws on energy conserva-. However, to avoid or mitigate environmental, cultural, ecological, and scenic impacts, the development of renewable energy projects is subject to other national laws and regulations. Specifically, projects that involve feed-in power generation from renewable energy must secure administrative permits and submit information in conformance with relevant laws or provisions of the State Council.

Western China, for example, is the birthplace of Chinese civilization. Throughout history, people of many nationalities have developed and created a rich and valuable cultural heritage, and artifacts in the region are the historical testimony that people of all ethnic groups developed the region and lived there together.

Since the adoption of the Renewable Energy Law, additional environmental regulations have appeared in China specifically to address environmental impacts of biomass power generation. In accordance with the new provisions, the construction and operation of waste incinerators must meet national or industry standards such as GB Solid Waste Incineration Pollution Control Standard , and the quantity and quality of garbage must be guaranteed. At present, to qualify as a biomass power generation project, the proportion of conventional fuel fed into the furnace by mass must be limited to 20 percent when a fluidized bed incinerator is used to deal with solid waste.

Some local governments faced with economic development pressures, a lack of modern technology, and a shortage of capital have been lax in implementing or enforcing laws and codes, although this situation is improving. Lessons from the experience of developed countries and increased capital investment can further improve the implementation of standards.

As public awareness of and interest in environmental issues increases in China, there are likely to be projects that attract public opposition. In comparison to fossil fuels, renewable sources of electricity such as solar, wind, and geothermal can offer substantial environmental benefits, especially with. When life cycle emissions are considered, all forms of renewable electricity production are expected to have significantly lower GHG emissions per unit of electricity produced than generation from conventional coal and natural gas plants.

With the exception of emissions of NO x and carbonaceous materials from biomass combustion, rates of life cycle emissions of conventional air pollutants from renewable electricity generation are also sharply lower than from coal and natural gas plants.

Although renewable energy sources have major advantages over fossil fuels, they also raise some environmental concerns. Many renewable energy technologies are ready for accelerated deployment, but research and development are still needed to reduce their environmental impacts. While wind, solar PV, and some geothermal plants have very low water requirements, biomass, concentrating solar thermal, and some geothermal plants generally have requirements comparable to those of other thermoelectric facilities.

The United States and China would benefit from efforts to further improve cost effectiveness and efficiency of low water-use cooling systems to help expand their utilization. Also, as a result of evaporation, water consumption associated with large-scale hydropower plants and other uses of associated reservoirs is particularly high.

LCA is a valuable method of comparing environmental impacts of alternative electricity generating technologies and identifying where improvements are most likely to pay off. LCA shows that increasing system efficiencies and operating lifetimes will reduce environmental impacts for all renewable energy technology.

The life cycle GHG emissions benefits of renewable energy are generally high, but improvements are possible in some areas.

In particular, research and development are needed to reduce life cycle GHG emissions for emerging storage options, such as batteries and compressed air energy storage, and to reduce GHG emissions and electricity use in PV manufacturing.

To minimize waste in the modified Siemens process for polycrystalline silicon production, the toxic silicon tetrachloride SiCl 4 produced as a by-product of trichlorosilane decomposition must be recycled. Several tons of SiCl 4 are produced per ton of polysilicon, and unless it is recovered and sold as a by-product or recycled in the polysilicon production process, a large share of the silicon feedstock is wasted.

However, because the components of the tail gas are very complex, separation and recycling are difficult. News reports e. Additional research is needed on the life cycle impacts of thin-film technologies, which comprise different processes and inputs than silicon flat-plate PV Fthenakis, Both countries will need to reduce air pollution emissions from biomass combustion. As shown in the LCA section of this chapter, the majority of energy consumption and emissions associated with biomass power generation is in the plant cultivation stage.

Both the United States and China are currently focusing on using waste biomass and should continue to do so.

Even with waste biomass,. The combustion of municipal solid waste can produce dioxins and release heavy metals that must be captured. Therefore, some biomass fuels can produce more NO x emissions than coal does for the amount of heat it produces. The production of NO x from the nitrogen in biomass is not well understood, because the forms of nitrogen are different from those in coal.

Therefore, research is needed to minimize pollutant emissions during biomass power generation processes. Land use is also a significant issue with some renewable energy technologies, especially as we envision scaling them up in the future. Research will be necessary to understand the impacts that renewable power installations have on plants and wildlife in various geographies, and to develop effective ways to mitigate these impacts. Land-use impacts can be reduced by the use of previously developed sites, co-occupation with other land uses, using military and government sites, and encouraging distributed generation technologies to minimize the need for more transmission lines.

Renewable power development will have to be restricted in areas with sensitive ecosystems or high cultural or scenic value, and public involvement will be invaluable for helping to identify these areas.

Additional research is also needed to understand impacts of large-scale e. It is evident that, in both countries, large-scale renewable energy installations will also require new transmission infrastructure that entails environmental impacts.

Siting and constructing new transmission requires similar processes, in terms of impact assessments, licensing, and permitting. Project developers may need to plan for this up front, and work with regulatory agencies, environmental and civil society groups, and transmission utilities to identify ways to mitigate transmission impacts.

Opportunities include: identifying areas of common transmission corridors for use by a number of projects, addressing the need for new substations for interconnection and power transmission, and enlisting local support for transmission projects that enable more renewable energy technologies to be deployed. Finally, recognizing that renewable energy facilities and the installed generation technologies will have a finite lifespan, both countries will have to pay more attention in the next decade to decommissioning, recycling, disposal, and site restoration.

Scientists and engineers in both countries should work together to solve key technical challenges in waste treatment and recycling of components. Opportunities include reducing or reusing silicon tetrachloride and other toxic byproducts of polysilicon production, and recycling PV panels and wind turbine blades. For biomass power generation, the priority should be on reducing combustion emissions and using available waste resources rather than dedicated energy crops , including municipal solid waste and agricultural residues.

The United States and China are the world's top two energy consumers and, as of , the two largest economies. Consequently, they have a decisive role to play in the world's clean energy future. That's because renewable energy sources such as solar and wind don't emit carbon dioxide and other greenhouse gases that contribute to global warming. Clean energy has far more to recommend it than just being "green. All of those factors have contributed to a renewable energy renaissance in recent years, with wind and solar setting new records for electricity generation.

For the past years or so, humans have relied heavily on coal, oil, and other fossil fuels to power everything from light bulbs to cars to factories. Fossil fuels are embedded in nearly everything we do, and as a result, the greenhouse gases released from the burning of those fuels have reached historically high levels. As greenhouse gases trap heat in the atmosphere that would otherwise escape into space, average temperatures on the surface are rising.

Climate change encompasses not only rising average temperatures but also extreme weather events, shifting wildlife populations and habitats, rising seas , and a range of other impacts. Of course, renewables—like any source of energy—have their own trade-offs and associated debates.

One of them centers on the definition of renewable energy. Strictly speaking, renewable energy is just what you might think: perpetually available, or as the U. Energy Information Administration puts it, " virtually inexhaustible. It also doesn't encompass other low- or zero-emissions resources that have their own advocates, including energy efficiency and nuclear power. Hydropower: For centuries, people have harnessed the energy of river currents, using dams to control water flow. Hydropower is the world's biggest source of renewable energy by far, with China, Brazil, Canada, the U.

While hydropower is theoretically a clean energy source replenished by rain and snow, it also has several drawbacks. Large dams can disrupt river ecosystems and surrounding communities , harming wildlife and displacing residents. Hydropower generation is vulnerable to silt buildup, which can compromise capacity and harm equipment. Drought can also cause problems. In the western U.

Even hydropower at full capacity bears its own emissions problems, as decaying organic material in reservoirs releases methane. Dams aren't the only way to use water for power: Tidal and wave energy projects around the world aim to capture the ocean's natural rhythms. Marine energy projects currently generate an estimated megawatts of power —less than one percent of all renewables—but the potential is far greater.

It is found that economical, technical, reliability, availability of renewable energy resources, and financial risk are the important factors for selection and ranking of renewable energy technologies. The study prioritizes the renewable energy resources as wind energy, biomass, solar photovoltaic, and solar thermal energy.

Further, wind energy and biomass were preferred for power generation in Pakistan [ 21 ], and energy review of Pakistan is shown in Figure 1. These resources also provide social benefits like improvement of health, according to choice of consumer, advancement in technologies, and opportunities for the work, but some basic considerations should be taken for the benefit of humans, for example, climate conditions, level of education and standard of living, and region whether urban or rural from agricultural point of view.

Social aspects are the basic considerations for the development of any country. The following social benefits can be achieved by renewable energy systems: local employment, better health, job opportunities, and consumer choice. The study concluded that the total emission reduction is exponentially increasing in different years after the installation of renewable energy projects in remote areas [ 23 ].

Social impacts of each resource with its magnitude are listed in Table 3. Social impacts assessment for different renewable energy sources [ 7 ]. It was discovered that renewable energy projects provide benefits in economic point of view because they utilize local labor from rural areas, local material and business, local shareholders, and services of local banks. In addition, the renewable energy projects have facilitated the communities by establishing a trust fund that aims to invest the money earned by selling electricity in local economy.

This makes it easy for a few communities to invest money on any small business of their own choice [ 4 ]. Biofuel projects created large number of jobs; however, very low jobs were created by solar power plants, as the ratio of people working in different companies increase that will create more jobs for others by using the part of their economy for entertainment, leisure, restaurant, etc.

The consumers will be provided with electric power at a low cost as compared to that of conventional energy sources, and overall economy will be enhanced because there will be multiple options to generate power using different renewable energy sources present in that region [ 23 ]. Renewable energy projects have also contributed in improving environmental impacts such as reduction of carbon dioxide gas, awakening community about the climate change.

The study observed very small impacts on the people living in a particular area, tourism, cost of energy supply, and educational impacts. Significant impacts were observed in improvement of life standard, social bonds creation, and community development. They also observed that the renewable energy projects are complex to install and are local environmental and condition sensitive. Their forecasting, execution, and planning require more consideration and knowledge as compared to other projects [ 4 ].

The two main aspects of environment are air and water pollution, normally created by the discharged water from houses, industries, and polluted rain, and discharge of used oils and liquids contains poisonous chemicals and heavy metals like mercury, lead, etc. Along with water pollution, natural resources can be maintained and greenhouse effect and air pollution can be mitigated by the proper usage of renewable energy sources [ 23 ] as shown in Table 4.

Carbon dioxide emission with the generation of electric power using different energy resources is given in Figure 2. Summary of environmental effects [ 24 ]. Carbon dioxide equivalent emission during power generation [ 7 ]. Various greenhouse gases in atmosphere is being increased by humankind by doing many economic activities. The role of greenhouse gases and current situation are given in Table 5. Role of different substances in greenhouse effect [ 15 ]. Solar panels are usually installed at the roofs of the buildings that increase the job opportunities in the PV system fabrication and installation.

This increases the regional development and reduces the usage of energy from nonrenewable energy projects. It is very useful at the regions where there is no access of electricity. The major problem with solar system is the high investment and maintenance cost. Biomass energy projects have great contribution in the local job creation and the development of rural areas. Such types of power plants have large opportunities of jobs in construction of plants, management, maintenance of plants, production, and preparation of biomass.

Only the noise production and unpleasant smell are the negative impacts of these plants. Fuel cells have slow implementation because of their high cost of plant construction and energy generation. Their construction and operation create jobs in almost all technical activities. In hydro power plants, the major sociopolitical problem is the shifting of the people from the areas where the plant is going to be constructed. These plants provide significant jobs for local community and also play an important role in the economic development of the community.

The construction of tidal energy plants has no effect on humans, and they have better contribution in the local and official employment.

The chart below shows that most of the electricity in the United States is generated using fossil fuels such as coal and natural gas. A small but growing percentage is generated using renewable resources such as solar and wind. The emissions caused by electricity generation vary across the country due to many factors, including:. Use EPA's household carbon footprint calculator to estimate your household's annual emissions and find ways you can cut emissions.

Use Power Profiler to generate a report about the environmental impacts of electricity generation in your area of the United States. All you need is your zip code.






















Create an account. Edit this Article. We use cookies to make wikiHow great. By using our site, you agree to our cookie policy. Cookie Settings. Learn why people trust wikiHow. Download Article Explore this Article methods. Tips and Warnings. Related Articles. Article Summary. Author Info Last Updated: February 6, Method 1.

Obtain an Up-Grade. You will need to give this item to Porygon to hold. When Porygon is traded while holding an Up-Grade, it will evolve into Porygon2. Since you can usually only get one Up-Grade per game, make sure you equip it to the Porygon that you want to evolve the most. Trade Porygon. Find a friend or trade Porygon to yourself if you have two games. When the trade occurs, Porygon will evolve into Porygon2. In order to evolve Porygon2 into Porygon-Z, you'll have to go through a similar process.

This time you'll need the Dubious Disc item. It can be found on a small island in the Workout Sea. If that giant Wailord is still in the water , you can find the island to the left of it. Once you've collected the Dubious Disc , have your Porygon2 hold it. Now repeat the process. Trade your Porygon2 to a friend where it will automatically evolve, then have your friend send it back through a second trade. Pokemon Sword and Shield Wiki Guide. Need more upgrade items for Community Day?

September 18th, by Kyle Hanson. Pokemon Go Pokemon Go Guides. With the right combinations of items and candy, players can evolve their Porygon into a Porygon2 and then eventually a Porygon-Z. Unfortunately, there's a lot of confusion and misinformation going about surrounding how this evolution process actually works. Although it may seem complicated at first, in reality it is very similar to evolving any other Pokemon in the game, particularly those that require items in order to evolve.

For players wanting to evolve their Porygon and continue to fill out the Pokedex , here's everything they'll need to know in order to do so. Porygon was initially a standalone Pokemon during generation 2, but generation 4 Pokemon games added two new evolutions for the already strange Pokemon.






















Updated annually. Where is data? Methodology: Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors.

This is possible by associating the 9. S, including over 2 million geocoded point locations…. Read more about Scout's Crime Data. With a crime rate of 40 per one thousand residents, Phoenix has one of the highest crime rates in America compared to all communities of all sizes - from the smallest towns to the very largest cities.

One's chance of becoming a victim of either violent or property crime here is one in How does the crime rate in Phoenix compare to similar sized communities across America? When NeighborhoodScout compared Phoenix with other communities its size, we found that the crime rate was near the average for all other communities of similar size.

So, whether Phoenix's crime rate is high or low compared to all places in the US, when we control for population size and compare it to places that are similar in size, it is near the middle of the pack in crime rate; not much more or less dangerous, and about what we would expect from the statistics.

Now let us turn to take a look at how Phoenix does for violent crimes specifically, and then how it does for property crimes. This is important because the overall crime rate can be further illuminated by understanding if violent crime or property crimes or both are the major contributors to the general rate of crime in Phoenix.

For Phoenix, we found that the violent crime rate is one of the highest in the nation, across communities of all sizes both large and small. And it has the third-highest property crime rate behind New Mexico Among all 50 states, Arizona has the tenth-highest violent crime rate and the fourteenth-highest property crime rate. Arizonans are also more concerned about every crime classification we asked about.

We asked Arizona residents which crimes they worry may happen to them. See if Arizonans are concerned about the same crime issues as the rest of the country. View the complete State of Safety report. On some level, residents seem tuned in to those higher crime rates with more daily concern and more people taking proactive personal protection measures.

Arizona sees more property crime than most states, which makes it no surprise that property crime causes the most worry in The Grand Canyon State. Even though reports of personal experiences with property crime fell year over year, Arizonans are more proactive about home security than most Americans.

Learn how we identified the safest cities on our methodology page. Whether your city made our list or not, we encourage everyone to be proactive about home security. Learn more about your home security options —and find out which companies we recommend for every budget and lifestyle in our roundup of the Best Home Security Systems.

See how the remaining cities ranked in the list below. Accessed March 15, For definitions and more on data sources, see our methodology page. How did that happen. So is the actual Arizona city now in Mexico instead. About Contact Press Blog.

By signing up, you agree to our Terms and Conditions and Privacy Policy. This is not a guarantee. SafeWise is an independent review site. We may earn money when you click links on our site. Learn more. Smart Home FAQ. By Rebecca Edwards. Published on June 22, Share Article. Here are the 10 Safest Cities in Arizona for Prescott Valley See if your city made the full list.

Be prepared for summer's extreme weather. Level of concern and experience with crime in Arizona. Crime concerns in Arizona. Property Crimes Per k : 7, 2nd most dangerous in AZ. However, violent crime is actually on the decline with only incidents per , people being reported.

Violent Crimes Per k: 4th most dangerous in AZ. Originally established as a temporary camp for construction workers, Page has become a self-sufficient city, benefiting from tourism generated by its proximity to various attractions and natural wonders. Violent Crimes Per k: 1, 2nd most dangerous in AZ. Property Crimes Per k: 5, 3rd most dangerous in AZ. Violent crime is also subsiding, with residents having a 1 in 98 chance of being a victim.

That being said, Winslow is a very charming city along Route Violent Crimes Per k: 3rd most dangerous in AZ. Property Crimes Per k: 4, 5th most dangerous in AZ. Residents of Tucson have a 1 in Violent crime is on a slow decline, with only per every , people.






















This is an average annual growth rate of just 1. Source: n. From these numbers, and in the absence of any natural disaster or war in Mexico during the past decades that could account for such poor economic performance, it would be difficult to argue that Mexico would have done much worse in the absence of NAFTA. This can be seen in Figure 2A. From to , Mexico almost doubled its income per person, a growth rate that was higher than that of Latin America as a whole.

If this growth had continued, Mexico would be a high-income country today. However, both Mexico and the region suffered a sharp slowdown in the growth of income per capita over the following 20 years, , a period that coincided with first a badly handled debt crisis in the early s and then a number of neoliberal policy changes.

Regional growth of GDP per capita dropped from 87 percent for the prior two decades, to just 9 percent for , or just 0. In the twenty-first century, there was something of a rebound in the region, with per capita GDP growth averaging 1. This is shown in Figure 2B. It is also worth examining where Mexico would be today if its income per person had continued to grow at the rate that it did over the two decades prior to This is shown in Figure 3.

As would be expected during such a period of very little economic growth, the poverty rate was not reduced in Mexico; in fact, it increased. We can also compare what happened to poverty in Mexico with the region as a whole.

This can be seen in Figure 5. For the region as a whole, there was no progress in reducing the poverty rate for more than two decades, from to As seen in Figure 5 , the poverty rate for the region then fell substantially, from However, excluding Mexico, poverty in the region fell more than five times as much, from 46 percent to 25 21 percentage points. Figure 7 shows the path of real inflation-adjusted wages in Mexico from to Wages did not recover to their pre-crisis level until , 11 years later.

By , they were only 4. The minimum wage, adjusted for inflation, fared even worse. From to , it fell by Figure 7 Mexico: Real Average Wages. Unemployment is shown since ; data on underemployment are only available since Although the unemployment rate jumped during the peso crisis and then fell steadily until , it then increased again until Unemployment has averaged 4.

These numbers are small in absolute terms, because the official unemployment rate does not capture the full extent of unemployment in Mexico. In order to be counted as unemployed, a worker has to have not worked even one hour in paid activity during the reference period in which the survey was taken, and he or she must have been actively looking for work.

But there are many people who would not be counted as unemployed in this data, despite not being employed. This is partly because Mexico has very little social safety net and no unemployment insurance outside of Mexico City.

For this reason, heads of household especially will generally engage in some kind of economic activity in order to survive. A somewhat better measure of the state of the labor market is underemployment, also shown in Figure 8 , but data only begin in This includes workers who have a demonstrated need and ability to work more hours but were not able to do so due to labor market conditions.

This was 8 percent for , as compared to an annual average of 7. In any case, it would be difficult to make the case from the available data that NAFTA had succeeded in reducing either unemployment or underemployment. Figure 9 shows the Gini coefficient for household income for the years It shows a decline from 0. Figure 9 Mexico: Gini Coefficient. The decline in inequality is something of a mystery, during a period in which real wages stagnated, unemployment and underemployment did not improve, income growth was very slow, and the national poverty rate was higher in than in One possible explanation may be in the data.

In general, in the kind of survey data on which these statistics are based, a large part of the income of the wealthiest households is not reported. For example, in the United States from to , the Gini coefficient using income tax data and including capital gains showed an increase of Peterson Institute for International Economics.

Economy and on Specific Industry Sectors ," Page 6. The Wharton School of the University of Pennsylvania. Office of the United States Trade Representative.

Central Intelligence Agency. United States Chamber of Commerce. Accessed Dec. United States Government Accountability Office. American Society of International Law. The White House. Economy and on Specific Industry Sectors ," Page Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads.

Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. World Economy Trade Policy. Table of Contents Expand. Table of Contents. Quadrupled Trade. Lowered Prices. Increased Economic Growth. Created Jobs. Increased Foreign Direct Investment. Reduced Government Spending.

By Kimberly Amadeo. It has opened up new export opportunities, acted as a stimulus to build internationally competitive businesses, and helped attract significant foreign investment. This integration helps maximize our capabilities and make our economies more innovative and competitive. The Government of Canada plans to provide periodic updates and summaries of the consultations, including stakeholders consulted, where consultations took place, and what topics were discussed during the consultations.

Once the Canada Gazette notice is issued on June 3, , the Government will accept written submissions until July 18, However, NAFTA consultations are an ongoing process that will be carried over throughout the negotiations. It also paved the way for unprecedented economic integration between partners, creating a platform where companies from Canada, the U. NAFTA came into effect on January 1, , creating the largest free trade region in the world at that time, generating economic growth and helping to raise the standard of living for the people of all three member countries.

Given that the Agreement is over 23 years old, there are many clarifications and technical improvements that could be made in all trade areas covered by NAFTA, such as labour, the environment, or culture, for example.

Some Total merchandise trade between Canada and the United States more than doubled since , and grew nine-fold between Canada and Mexico. Canada is the largest merchandise export market for the U. In , the U.






















Alternatively, you can win Powerball without getting the Powerball number if you select 5, 6 or 7 of the winning numbers from the first barrel. Your numbers can be in any order. How many numbers in Powerball you need to win a Division will depend on the Division number.

There are different types of tickets you can choose to play, some of which can increase your odds of winning Powerball. For example, a PowerHit ticket guarantees you the Powerball number. You could also opt to join a Powerball Syndicate , which is another way to increase your chances of winning Powerball. There are 9 different Powerball divisions. Division 9 has the best odds of winning. The winning 7 Powerball numbers are randomly selected from a pool of 35 balls numbered 1 to Then, the winning Powerball number is randomly selected from a pool of 20 balls numbered 1 to To win Division 1, you need all 7 matching numbers to win in Powerball plus the Powerball number.

You must match at least 2 numbers plus the Powerball number to win the lowest Powerball Division prize , Division 9. How does Powerball work? Powerball is both easy and flexible to play.

There are a number of different ways you can play depending on your preference and your budget. You can play Powerball online or purchase your ticket through a reseller. With a Standard entry, you can choose to play a QuickPick or with your own numbers. A QuickPick is the easiest way to play Powerball, where your numbers are generated randomly for you and the number of games is set. But choosing your own numbers gives you more control over how you play, as you can select the exact amount of games you want to play and what numbers.

A System entry increases your odds of winning Powerball and can also give you the chance to win across multiple divisions. With a Standard entry, you need to select 7 numbers from the first barrel as well as the Powerball number. There are also PowerHit System entries, which guarantee you the Powerball and also allow you to choose from 8 to 15 numbers from the first barrel.

A PowerHit entry guarantees you the winning Powerball number. However, you will still need to select your own numbers for the first barrel or have them randomly generated for you with a QuickPick. A Pick entry guarantees you 1 or 2 winning numbers. You can also choose to play for multiple draws or set up a recurring entry, or both. Play for multiple draws for up to 10 weeks using the same ticket. Power Play 3x. Power Play 4x. Power Play 5x. Power Play 10x.

View prizes and odds chart. Powerball Odds Match. The overall odds of winning a prize are 1 in Play like a pro. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers.

The Powerball jackpot grows until it is won. To win you need to match any three of the winning Lotto numbers on a single line of your ticket. Learn more about the Lotto Odds and Payouts. The winning numbers must be on the same line of your ticket. Add a Powerball to any Lotto line to be in to win the big Powerball jackpot. To play Powerball, you need to add a Powerball number between 1 and 10 to each line of your Lotto ticket. If a winning Lotto line also has the correct Powerball number, your prize gets even bigger.

Kentucky Lottery Corporation or the government itself ex. Avoid buying from third-party sites that resell official tickets! Power Play increases your winnings for all non-jackpot prizes if you win. As of October , prizes for winning tickets with the Power Play add-on are subject to a 2x, 3x, 4x, 5x, or 10x multiplier, selected at random before each drawing. The Power Play option is unavailable in California because state laws require that lottery prizes be paid on a pari-mutuel basis.

Understand the goal and winning combos behind Powerball. Each number is on a special ball that is randomly selected by a machine during the drawing. Your ultimate goal is to match every number selected perfectly, which will win you the jackpot. However, there are other winning combinations of numbers that will win smaller prizes which can be quite lucrative in their own right.

Your first five white ball numbers don't have to be in the same order as the balls that are drawn. Winning numbers win regardless of the order they're listed in—for all prizes! However, the media typically reports numbers from smallest to largest to make it easier to read. However, the final Powerball number must match exactly, and none of the first five numbers can count in place of that final number.

In the past, Powerball has reduced the white count from 69 to 59 and reduced the red count from 35 to Look for drawings every Monday, Wednesday, and Saturday night. Drawings happen at PM Eastern Time, and you can check the results online. When you buy a Powerball ticket at the store, unless you pay for multiple drawings, it is only valid for the next drawing. In other words, if your Powerball ticket doesn't win, it's not eligible to win in future drawings, unless you specifically pay for multiple drawings.

The more drawings that occur without a jackpot winner, the higher the jackpot gets. Method 2. Fill out your ticket. Though Powerball tickets will vary slightly from state to state, the basic method for filling a ticket out is the same everywhere.

On your ticket, you'll need to specify the numbers you want to bet on, the number of drawings you want, and whether or not you want the Power Play option. Follow the guidelines below for filling out a basic ticket: [11] X Research source Fill in the spaces for five numbers from and one number from Usually, Powerball tickets are divided into multiple sections called "boards" which have rows of multiple-choice style bubbles to fill in to choose your numbers.

Indicate for each board whether you'd like the "Power Play" option. Each board except in California should have a space that allows you to buy a Power Play for your set of numbers. For random numbers, fill in the QP space instead of your numbers.

Choose how many drawings you want. Most tickets have a "Multidraw" section that allows you to pay for multiple drawings. For instance, if you want to bet on your numbers for two back-to-back drawings, fill in the "2" space. Each subsequent drawing costs as much as an additional ticket. If you make an error on any board, fill in the "VOID" space for that board. Don't try to erase - instead, mark the board void and fill your numbers in on another board.

When you're finished, pay for your ticket. The clerk will calculate the price of your ticket based on how many boards and Power Plays you've selected.






















Expanding businesses abroad is also an important growth driver for mid-cap companies, through acquisitions or partnerships Economic Interest Grouping, Joint Venture etc. A sufficiently long track record to underline some crucial events during analysis : End of major contracts, economic downturn, crisis etc. The financial structure of the mid-cap company is often more consistent and better managed than a small-cap company, which is reassuring creditors and potential investors during more complex operations buy-out, spin off, fundraising, disposal, merger etc.

The pre-investment financial leverages during a mid-cap LBO transaction. Remember that the value added is generally made at the moment of the exit during the transfer of securities, on an EBITDA multiple basis. Depending on the actual financial structure of the target company and its business perspectives, several leverages can be available for investors to improve their initial investment performance.

Here are the three main leverages, classified chronogically during the company analysis. If the expected performances described in the Business Plan can not be justified by the actual management team, a downward valuation will be proposed, in order to be aligned with the return on investment requirements of future investors. However, there is a last leverage available for investors to ensure a comfortable entry at the capital. After reaching an agreement on the financial perspectives of the company and its valuation, several financial products are possible in order to maximize the leverage effect during the acquisition of the company.

All of them are not exposed here, but we count some classics described below :. The good financial package should also be justified by a coherent forecast, in order to avoid putting in danger the available cash and the sustainability of the company, but also the investors exit once the investment period is over. The organizational and strategic post-investment leverages during a mid-cap LBO transaction.

Those examples are not exhaustive, but allow to correctly assess where are the cash impacts both in the balance sheet and in the income statement. The consolidation of the organization. LBOs have garnered a reputation for being an especially ruthless and predatory tactic as the target company doesn't usually sanction the acquisition.

Aside from being a hostile move, there is a bit of irony to the process in that the target company's success, in terms of assets on the balance sheet, can be used against it as collateral by the acquiring company.

The purpose of leveraged buyouts is to allow companies to make large acquisitions without having to commit a lot of capital. LBOs are conducted for three main reasons:. However, it is usually a requirement that the acquired company or entity, in each scenario, is profitable and growing. Leveraged buyouts have had a notorious history, especially in the s, when several prominent buyouts led to the eventual bankruptcy of the acquired companies. Although the number of such large acquisitions has declined following the financial crisis, large-scale LBOs began to rise during the COVID pandemic.

In , a group of financiers led by Blackstone Group announced a leveraged buyout of Medline Inc. As reported in the Wall Street Journal, the size of the deal suggested that "the appetite for megadeals is rising Aside from being a hostile move, there is a bit of irony to the LBO process in that the target company's success, in terms of assets on the balance sheet, can be used against it as collateral by the acquiring company.

In other words, the assets of the target company are used, along with those of the acquiring company, to borrow the needed funding that is then used to buy the target company. LBOs are primarily conducted for three main reasons: to take a public company private; to spin-off a portion of an existing business by selling it; and to transfer private property, as is the case with a change in small business ownership. The main advantage for the acquirers is that they can put up a relatively small amount of their own equity and, by leveraging it with debt, raise the capital to initiate a buyout of a more expensive target.

That said, attractive LBO candidates typically have strong, dependable operating cash flows, well established product lines, strong management teams, and viable exit strategies so that the acquirer can realize gains. HCA Healthcare. Strategies relying on revenue growth involve buying a company and growing its revenue at a similar expense ratio, resulting in an improvement of its earnings before interest, taxes, depreciation, and amortization—or EBITDA —and then refinancing or selling it at the same multiple but on a higher EBITDA base.

These strategies rely on the implementation of cost-cutting programs. Three examples of financial engineering strategies are:. While this strategy needs to be mentioned and, ultimately, changes in market price expectations play into all investments of any kind, in my experience, I have yet to find any investor that can reliably predict market price changes over long periods of time.

The market beta strategy is similar to market timing in that the investor implementing the strategy is relying on market forces—rather than changes at the asset level—to drive returns. The market beta investor has the perspective more of an index-fund investor, trying to diversify investments and relying on the long-term growth of assets in general to deliver earnings.

While the majority of strategies to succeed in an LBO acquisition are fairly straightforward at least conceptually, if maybe not practically , there are other aspects that are not quite as up front. One of the most important of these, in my opinion, is the inappropriately named tax shield. I would strongly prefer the term to be the more descriptively named tax transfer, or tax reallocation, either of which would more clearly underline the true dynamics of this element.

The term tax shield then is derived from the notion that if a company has more debt, and therefore uses a greater portion of its operating profits to pay for interest, those profits are in part protected from taxation. Firstly, having a situation where the company you own has less profit and calling it a shield seems a little disingenuous.

And second, while a company may not pay taxes on interest, the lender certainly will. Interest income is taxed, and often at a high rate. And one may ask how a lender might want to be compensated for such a transfer? As you may have noticed, the first word in LBO is leveraged, and that is essentially what the game is all about. Paired with the risk-based pricing are risk-based terms. What I mean by that is that if a lender is providing a low-risk loan, they are likely to have few controls, no guarantees, limited reporting, and a great deal of flexibility for the borrower.

The same lender providing a higher-risk loan may require all kinds of guarantees, covenants, and reporting. These elements, put together, can have broad implications for the viability of an LBO, and so the devil is in the details. The business plan and debt plan have to work together, and a lot of the success of an LBO transaction is predicated on knowing what the debt market will bear and what it will accept relative to a specific opportunity with respect to pricing and terms.

EBITDA is intended to be a reasonable proxy for the amount of pre-tax value the company, as a whole, produces in a given period of time. The way to think about this is that the company produces an overall profit which can be shared by all parties that have a claim on those profits, including both its lenders and its equity investors.

Not operations. Q: Blue Wolf has invested in healthcare. Where are the opportunities in that sector? Providing adequate healthcare in these sorts of urban areas is a federal priority.

Many of the Medicaid plans the patients rely on are quite local to New York City. Q: To what degree do the communities where your portfolio companies are located play into your thinking? The companies that we invest in typically are very tied to their communities. In many rural areas, we are the largest private sector employer in a county or in a region.

Our healthcare companies provide unique solutions in inner-city areas with severe healthcare shortages. The life of these businesses is very enmeshed with that of their surrounding communities. Today, our leadership teams take their responsibilities to their communities very seriously and think about it strategically.

Whether the problems are a lack of good manufacturing jobs, a lack of workforce preparedness, or the extent of the addiction crisis in many of the neighborhoods where our companies operate, nobody else is going to address these issues. Q: Do you see that as part of a larger shift in the roles of the public and private sectors? For better or worse, many of the major events of my lifetime have been the result of significant business leadership.

The developments in technology, the ease of travel and communication across borders, the tremendous advances in healthcare and biotechnology have made the world a different place, affecting the quality of life of nearly everyone in the world.

The financial crisis of had enormously negative and disruptive impacts on hundreds of millions of people around the word; it was a private-sector-led disaster. But if you look at current events, the extraordinary dysfunction of our government is obvious. As is the lack of accountability. Particularly in the last decades, I think CEOs and investors have developed an increasing awareness of these trends.

I think that the world has developed in such a way that they have those responsibilities. September 15, Q: What is the state of private equity today?






















This prevents a precomputation of keys and adds a work factor that the user can make as large as desired to increase the computational effort of a dictionary or guessing attack.

Multiple key derivation functions are supported. In the database settings dialog, you can select one and specify certain parameters for it. Furthermore, KeePass 2. The key transformation may require more or less time on other devices. If you are using KeePass or a port of it on other devices, make sure that all devices are fast enough and have sufficient memory to load the database with your parameters within an acceptable time. In the database settings dialog, you can change the number of iterations.

The official specification of the Argon2 algorithm defines three variants: Argon2d, Argon2id and Argon2i. Argon2i is the least suitable variant in our case KeePass database file ; therefore, KeePass only offers Argon2d and Argon2id. Side-channel attacks try to gain information from a system by observing its behavior e. On servers, side-channel attacks are a real threat. On client devices PCs , side-channel attacks are more difficult more noise, etc. This may or may not change in the future.

Furthermore, there are side-channel attacks that neither Argon2d nor Argon2id nor Argon2i, nor any other key derivation function protects against e. For server applications, Argon2id is in general indeed more suitable than Argon2d, but our situation client device is different, as mentioned above. The number of iterations scales linearly with the required time.

The parallelism parameter specifies how many threads should be used. When clicking the '1 Second Delay' button, KeePass uses a different strategy for determining the parameters relatively low values for the memory and parallelism parameters, relatively high number of iterations , because KeePass does not know the RAM and processor details of your other devices the default values should be compatible with most devices.

If you know these details, it is recommended to follow the procedure above instead. Argon2 on iOS. You need to open the file with KeePass, and enter a password to gain access to the database. So to access all your passwords at any time, you need:. The beginning is a bit boring, because you have to enter all your accounts.

First, you need to make sure you have access to your passwords everywhere. To do this:. Then you do ctrl-v to paste all info to the website. You can store other information as well. I have my passport details in there, including a scan of my passport.

There are also -tons- of plugins for Keepass - a helpful reader suggested syncing the database with Google Drive through the KPGoogleSync plugin. This will make your. It should be long and built up of mixed characters. Keep in mind that when someone gets your database file and guesses the password, he could access all passwords you stored in the database.

For this tutorial, we'll just use a password, not a key file. Click into the password edit field and enter a password of your choice. The password edit control isn't limited in length, so feel free to even enter a whole sentence just keep in mind that you'll need to remember it.

Now you see the main window. On the left, you see the entry groups. On the right, you see the actual password entries. The password entries are grouped together into the password groups you see on the left. So, depending on which group on the left you selected, it'll show you the entries in this group in the right view. KeePass has created a few default groups for you, but you're totally free to delete them and create your own ones.

Time to store your very first password in the KeePass database! Right-click into the right password entry view and choose 'Add Entry Check the top 3 alternative password managers 9. KeePass User Reviews 18 0. Show first. English Spanish 1. You can trust the Community! Companies can't ask us to delete or change user reviews.

L Jangel. Was it helpful? I like the interface 90s feel and am tired of over stylized rounded button fluffy GUIs. Visit KeePass Reply Share. I don't understand the hate towards the UI, I'm tired of round, overly designed, unnecessarily animated software.

This is beautiful as it is functional, with a vintage 90's feel. I love the look of it. It was also easy to use, I don't consider myself too techy but one youtube tutorial was enough to get a simple run-down of the functions, just like any new software I choose to use.

I'm switching from Dashlane. Have used Keepass for over 8 years and it works great. Who cares what it looks like as long as it does the job. Keepass does it so it's a win. I'll never go back to Lastpass and I'd used that for nigh on ten years. All the others might look pretty but as I said what's the point when you get the same functionality with Keepass. JT Nous - Florida. Best I have used. My typical call to any tech help people results in them telling me to restart computer, the program, unplug the modem, or to clear cache.

With my non-technical ability Keepass really easy to use! Based on the reviews that KeePass was difficult, I tried KeePass last just to see how difficult it was. From the beginning it was EASY. Everything on KeePass 2.