By André Delessert
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Two-thirds of american citizens polled through the "Associated Press" accept as true with the next assertion: "An animal's correct to dwell freed from agony can be simply as vital as a person's correct to stay freed from anguish. " greater than 50 percentage of american citizens think that it's mistaken to kill animals to make fur coats or to seek them for recreation. yet those related american citizens devour hamburgers, take their kids to circuses and rodeos, and use items built with animal checking out. How can we justify our inconsistency? during this easy-to-read creation, animal rights recommend Gary Francione appears to be like at our traditional ethical wondering animals. utilizing examples, analogies, and thought-experiments, he finds the dramatic inconsistency among what we are saying we think approximately animals and the way we really deal with them. "Introduction to Animal Rights: Your baby or the puppy? " offers a guidebook to studying our social and private moral ideals. It takes us via suggestions of estate and equivalent attention to reach on the simple competition of animal rights: that everybody - human and non-human - has the perfect to not be handled as a way to an finish. alongside the best way, it illuminates options and theories that every one folks use yet few folks comprehend - the character of "rights" and "interests," for instance, and the theories of Locke, Descartes, and Bentham. choked with attention-grabbing info and cogent arguments, it is a booklet that you could be love or hate, yet that may by no means fail to notify, enlighten, and train. writer word: Gary L. Francione is Professor of legislations and Nicholas de B. Katzenbach student of legislation and Philosophy at Rutgers college legislation tuition, Newark. he's the writer of "Animals, estate, and the Law" and "Rain with out Thunder: The Ideology of the Animal Rights Movement" (both Temple).
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The Bottom Line 1. Buying a share of stock means that you own a tiny—okay, really tiny—piece of the business. 2. The value of a business is equal to all the cash it will generate in the future. indd 13 1/26/08 3:05:58 AM  T H E L I T T L E B O O K T H AT B U I L D S W E A LT H 3. A business that can profitably generate cash for a long time is worth more today than a business that may be profitable only for a short time. 4. Return on capital is the best way to judge a company’s profitability.
Indd 36 1/26/08 3:07:01 AM I N TA N G I B L E A S S E T S  In short, if you can find a company that can price like a monopoly without being regulated like one, you’ve probably found a company with a wide economic moat. The bond-rating industry is a great example of leveraging a regulatory advantage into a near-monopolistic position. ” So, right away, any potential competitor to the incumbents knows that it will need to undergo an onerous regulatory inspection if it wants to compete in this industry.
Although there hasn’t been a new refinery built in the United States for decades, and local approvals for expansions of existing refineries are pretty tough to come by, the economic situation of a refinery isn’t nearly as good as that of a landfill or quarry. The reason is simple: Refined gasoline has a much higher value-to-weight ratio, and it can also be moved very cheaply via pipelines. So, if a refinery tried to raise prices in a particular area, gasoline from more distant refineries would flow into the locality to take advantage of the higher prices.