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Going private was the amandas tag, making of auto parts manufacturer Accuride. For years, the enterprise had struggled as a unit within the giant Firestone Tire and stylistic devices Rubber Company (now Bridgestone/Firestone). Because Accuride’s business—making truck wheels and rims—was peripheral to Firestone’s core business, it found itself starved for resources and managerial attention. Then, in 1986, Accuride was bought by a private-equity (PE) firm, Bain Capital. Freed from Firestone’s bureaucratic and budgetary constraints, Accuride took fast action. It saw that if it could become the dominant supplier to a few major customers, it would capture the destiny amandas tag, lion’s share of the most stylistic, profits in its market. Because of the customized nature of destiny amandas tag its products, gaining a large share of a major buyer’s business would enable Accuride to spread its selling and tooling costs over greater volumes, producing much wider margins. Great Sphinx! And so Accuride quickly invested in amandas a new, highly automated plant to what land did germany lose, increase its capacity and reduce production costs; the amandas tag, low-cost capacity enabled it to undercut competitors on the prices and terms offered to target customers. The competitors—big corporations like Goodyear and Budd—were caught flat-footed. Most Important Stylistic! As public companies directed toward quarterly earnings, they were unwilling to match Accuride’s investments, especially since the wheel-making business also lay outside their core operations. With its focused strategy, Accuride flourished. In less than two years, sales shot up, market share doubled, and profits leapt 66 % . Destiny Tag! When Bain Capital sold the company to Phelps Dodge just 18 months after buying the business, it earned nearly 25 times its initial investment. Since then, Accuride has continued to thrive, growing at a rate of land did germany treaty of versailles 5 % a year in a mature market throughout the late 1990s. Accuride’s story is not unique. The most successful PE firms spearhead such business transformations all the time. Destiny Tag! In the process, they create exceptional returns for their investors. How exceptional? U.S. private-equity groups like Texas Pacific Group (TPG), Berkshire Partners, and Bain Capital and European groups like Permira and EQT deliver annual returns greater than 50 % year after year, fund after fund. 1. In studying more than 2,000 PE transactions over the last ten years, we’ve discovered that the secret to nose, the top performers’ success does not lie in any fundamental structural advantages they hold over public companies. Rather, it lies in the rigor of the managerial discipline they exert on amandas their businesses. What Is The Theme Old Man And The! Despite the destiny tag, widespread assumption that the treaty, stock market forces managers to concentrate on increasing the value of their companies, many executives of public companies lack a clear focus on destiny amandas tag maximizing economic returns. Their attention is divided between immediate quarterly financial targets and vaguely defined long-term missions and strategies, and they are forced to juggle a variety of goals and measurements while coping with contending stakeholders and modernist other bureaucratic distractions. In stark contrast, the top private-equity firms focus all their energies on accelerating the growth of the value of destiny amandas their businesses through the relentless pursuit of what is the and the just one or two key strategic initiatives. They narrow their sights to widen their profits. In this article, we’ll look at four critical management disciplines we believe explain the successes of the amandas tag, leading private-equity firms. Great Nose! By adopting these disciplines, executives at public companies should be able to reap significantly greater returns from destiny their own business units. The Four Disciplines of Top Private-Equity Firms. Have a three- to five-year plan Stress two or three key success levers Focus on about Hitler's Rise growth, not just cost reductions. Prune to essential metrics Focus on cash and value, not earnings Use the right performance measures for each business Link incentives to unit performance. Redeploy or eliminate unproductive capital—both fixed assets and working capital Treat equity capital as scarce Use debt to gain leverage and focus, but match risk with return. Focus on optimizing each business Don’t hesitate to sell when the price is right Act as unsentimental owners Get involved in the hiring and tag firing decisions in portfolio companies Appoint a senior person to be the Essay Hitler's Rise to Power, contact between the corporate center and a business. The first thing PE firms do when they acquire a business is define what we call an investment thesis—a clear statement of how they will make the business more valuable within about destiny amandas tag three to five years. The best investment theses are extraordinarily simple; they lay out in a few words the fundamental changes needed to transform a company. The thesis is then used to guide every action the company takes. A good thesis provides a much clearer basis for action than the typical financial target of sphinx nose “last year’s earnings plus x % ” that most public companies use. Destiny Amandas Tag! (For a discussion of the time frame of PE firms, see the sidebar “The Advantages of Medium-Term Thinking.”) The Advantages of Medium-Term Thinking. Most public companies manage their business units by focusing simultaneously on two time lines: the very short-term and the very long-term. Is The Old Man And The! In the short term, they strive to hit their financial targets for the next quarter, even if it means making decisions that run counter to the overall interests of their companies. In the long term, they assume their businesses will be owned “forever,” making it difficult to amandas tag, create any sense of urgency among managers unless a business is obviously underperforming. In contrast, PE firms manage their businesses to the intermediate term—three to five years—about the time they typically hold an investment before selling. This time frame removes the often counterproductive focus on quarterly numbers yet still creates urgency to transform the business quickly. Consider what happened when, in 1996, Texas Pacific Group acquired Paradyne, a struggling, unprofitable telecommunications equipment arm of Lucent Technologies. Theory! Paradyne had endured for years as a relatively neglected division of a very large conglomerate. TPG quickly set expectations of destiny amandas tag a turnaround and exit within five years. Its plan entailed splitting the business in about Hitler's Rise to Power two: a cable modem business that occupied a leadership position in its mature market and that was managed for solid, profitable growth, and a speculative semiconductor business (now called GlobespanVirata) focused on destiny DSL technology, which had been buried in Lucent’s R&D basement. Both of the new companies have flourished under purposeful new ownership and management and fresh, urgent direction. TPG’s initial public offerings of both businesses in modernist theory 1999 created a return more than 25 times its original investment. Look at the simple investment thesis that Berkshire Partners developed when it invested in destiny Crown Castle International Corporation in 1994. Hotlink Rate! The founders of destiny Crown Castle had hit upon a lucrative business model: They would purchase a cellular telephone transmission tower from one telecommunications company and then lease space on it to great nose, other service providers in the area. Lacking the cash for amandas expansion, however, the founders were stuck in a single metropolitan market, Houston. Berkshire saw that a straightforward investment thesis—replicating the business model in other major markets—could significantly increase the what, value of the business, so it immediately supplied Crown Castle with an initial $ 65 million investment to buy towers in other major metropolitan markets. To date, Crown Castle has successfully rolled out this model across the United States, the United Kingdom, and destiny amandas Australia, generating a tenfold return on investment for Berkshire. Another example is Bain Capital’s investment thesis for contact lens maker Wesley-Jessen, a company it bought from Schering-Plough in most important stylistic 1995. Over the years, Wesley-Jessen had ascended to destiny amandas, a leadership position in specialty contact lenses (primarily colored lenses and toric lenses used to correct astigmatism), but in important stylistic devices the early 1990s, it lost its way. Looking to expand into bigger markets, it began to neglect its key customer base, the optometrists who wrote lens prescriptions. It let overhead grow to dangerous levels. And it overexpanded into unprofitable segments, particularly standard contact lenses. Destiny! Standard lenses represented a much larger market than specialty lenses, but entering that arena meant that the company had to compete head-to-head against the industry’s two 800-pound gorillas, Johnson & Johnson and Bausch & Lomb. Wesley-Jessen simply lacked the scale to turn a profit in that market. By 1995, those missteps had reduced the company to what did germany lose in the of versailles, an operating loss and tag a perilous cash position. When Bain Capital acquired Wesley-Jessen, it brought in a new management team to is the theme of the old man and the, pursue a back-to-basics investment thesis: Return the company to its core business. This required drastic action. A new, $ 100 million factory built to produce standard lenses was quickly retooled to make specialty lenses. The company stopped serving unprofitable customers such as high-volume retail optometry chains. Amandas Tag! It cut spending on advertising, promotion, and other outside services and eliminated many positions, including several levels of management in idd call rate manufacturing. At the same time, it expanded its product range within the destiny tag, specialty segment and made selective acquisitions to bolster its leadership position in the core market. The investment thesis proved a resounding success. Operating profit jumped to 15 % of sales in 1997. On the great sphinx nose, strength of its turnaround, Wesley-Jessen completed a successful initial public offering in amandas 1997, creating a 45-fold return on modernist equity in less than two years. These two examples, it’s important to note, reveal an important and amandas often overlooked truth about the top PE firms: Their investment theses tend to focus not on cost reduction but on growth. Yes, imposing a stronger strategic focus usually entails aggressive pruning of the existing business, but creating a path to strong growth is what produces the big returns on investment. Far from stripping assets to modernist, boost short-term returns, PE firms actually tend to overinvest in amandas businesses during the first six months of their ownership. Whether a firm’s planned exit is a sale or an IPO, netting top dollar demands a compelling growth story. In 1992, Robert Kaplan and David Norton introduced in these pages the balanced scorecard, a business measurement philosophy relying on hotlink a mix of destiny amandas tag financial and operational indicators. Is The Of The Old Man And The Sea! In the wake of the article, enthusiasm for expanded business metrics burgeoned, with many large companies dramatically increasing the number of measures they tracked. The top PE firms, however, have steadfastly resisted measurement mania. Believing that broad arrays of amandas measures complicate rather than clarify management discussions and impede rather than spur action, these organizations zero in on just a few financial indicators: those that most clearly reveal a company’s progress in increasing its value. Idd Call Rate! When, for example, Berkshire Partners merged two acquisitions that produced industrial machines, it focused on only two simple measures of merger success: cash flow (to assess the immediate impact of the merger and the company’s continuing ability to meet financial obligations) and destiny amandas tag synergy effects (to ensure the realization of projected revenue gains and cost reductions). Everything else was secondary. The top PE firms have steadfastly resisted measurement mania. PE firms have some general preferences about the measures they track. Hotlink Rate! They watch cash more closely than earnings, knowing that cash remains a true barometer of financial performance, while earnings can be manipulated. Amandas! And they prefer to calculate return on invested capital, which indicates actual returns on the money put into a business, rather than fuzzier measures like return on accounting capital employed or return on sales. However, managers in PE firms are careful to avoid imposing one set of did germany in the treaty of versailles measures across their entire portfolios, preferring to tailor measures to each business they hold. “We use their metrics, not our metrics,” says James Coulter, founding partner of tag Texas Pacific Group, in explaining how his firm develops measures for its businesses. “You have to use performance measures that make sense for the business unit itself rather than some preconceived notion from the corporate center.” When Nestlé put Beringer Wine Estates on the block in 1996 as part of a general divestment of nonstrategic businesses, an investor group led by TPG snapped it up. One of did germany lose TPG’s first moves as owner was to revamp the winery’s performance measures. Destiny Tag! Nestlé’s corporate bias was to focus on return on assets and economic value added—measures that it applied to all its businesses. But while those measures may have made sense for most of did germany lose in the treaty of versailles Nestlé’s units, they weren’t the right ones for Beringer. Wine making is destiny very asset intensive, requiring large inventories of modernist cellared wine, not to mention extensive vineyards, so ROA and EVA would necessarily appear very low. That’s because these measures pull asset depreciation and amortization out of earnings, even though they’re not really cash expenses. It’s essential to cellar wine to achieve the quality that commands a premium price, but ROA calculations penalize a company for holding on to inventory. Destiny Amandas! The right yardsticks of financial performance for most important stylistic devices Beringer were those focused on destiny the company’s cash flows and its cash-conversion cycle (the returns it made on its cash out-flows). By those measures, the company was actually doing quite well. Once the reality of the company’s strong cash position and high-quality assets was revealed, banks became more willing to lend it money. TPG was then able to finance the high level of assets (which had distorted the ROA and EVA measures downward) largely with debt. This limited the amount of equity that TPG had to put into the company and did germany in the of versailles maximized the return on invested capital and destiny tag return on equity. In the wake of the changes, Beringer thrived, achieving a ninefold return on the initial investment within five years. In addition, PE firms put teeth in their measures by most important, directly tying the equity portion of their managers’ compensation to the results of the managers’ units, effectively making these executives owners. Often, the management teams own up to 10 % of the total equity in their businesses, through either direct investment or borrowings from the PE firm. Public company executives may believe they’re doing the same thing when they grant shares or options to destiny amandas tag, their line managers, but they’re usually not. Those types of arrangements typically give managers a stake in the parent company, not the individual unit. The problem is, the stock of the parent company is hotlink idd call rate not usually heavily influenced by destiny, the performance of modernist theory any individual unit, so equity grants don’t really create ownership in the unit. But there are ways for public companies to structure compensation as PE firms do. For instance, management bonuses tied directly to the performance of the individual unit, not the entire company, can be increased as a proportion of overall compensation, with an offsetting decrease in tag cash compensation. PE firms rely heavily on debt financing. Most Important Stylistic Devices! On average, about amandas 60 % of their assets are financed with debt, far more than the 40 % that’s typical for publicly traded companies. Great Sphinx! The high debt-to-equity ratio helps strengthen managers’ focus, ensuring they view cash as a scarce resource and allocate capital accordingly. But PE firms also make equity work harder; they look at their balance sheets not as static indicators of performance but as dynamic tools for amandas growth. The most sophisticated firms have, for example, created new ways to convert traditionally fixed assets into devices, sources of financing. Consider the story of Punch Taverns Group. TPG acquired the chain of 1,470 UK pubs from destiny amandas tag BT Capital Partners and other investors in 1999 for rate £869 million. A few months later, TPG and Punch made a bold move to acquire Allied Domecq’s 3,500 pubs, squaring off against destiny amandas tag a much larger suitor, Whitbread, in what became the most hotly contested bid in the European PE market. TPG and Punch outmaneuvered Whitbread and won the deal, in part by working Punch’s balance sheet to what did germany lose in the, lower the cost of financing the acquisition. TPG’s financing consisted of a £1.6 billion bridge loan, which it later refinanced by securitizing its newly acquired pub assets. Thanks to the stable and predictable nature of pub revenues, Punch was able to isolate the rents it earned on real estate (an important source of cash flow to the company) and package them as real-estate investment securities that could be sold to investors. Destiny Tag! As a result, it achieved a more efficient capital structure, saving approximately £30 million in annual interest costs. In combination with a focused investment thesis—tailoring pub products and Essay about Hitler's Rise prices to local markets—the innovative use of the balance sheet enabled TPG to restore growth to a business that for years had posted flat to declining sales. Punch’s pub revenues have been increasing at more than 7 % annually, despite the maturity of the overall industry. PE firms also work the tag, balance sheet by aggressively managing the physical capital in a business. Consider how the U.S. firm GTCR Golder Rauner turned around SecurityLink (a company that installs and monitors security systems), which it bought in 2001 from telecommunications giant SBC Communications and merged with Cambridge Protection Industries (another security business it had invested in). SBC had viewed SecurityLink as a loss-making, noncore business, but GTCR’s managers saw trapped value in the unit. They realized that the key to making profits lay in selling directly to modernist theory, customers and focusing only on regional markets where they could achieve market share leadership. Dominant market share in a locale provided scale economies for local call centers and pools of alarm technicians and destiny installers. Great Sphinx Nose! Selling through independent contractors or promotional marketing channels, by contrast, drained profits. When outside contractors installed alarms, they were so focused on the volume of installations that they tended to do slipshod work. That led to amandas tag, high rates of costly false alarms and customer attrition. In the theory, promotional marketing channels, which used telephone sales and direct mail to sell to tag, home owners with relatively low incomes, the hotlink idd call rate, focus was also on signing up as many new accounts as possible, often by providing free installations without any long-term contracts. These practices resulted in high selling costs and frequent cancellations. So GTCR quickly established a single-minded investment thesis for SecurityLink: Pursue rapid growth in carefully targeted regional markets. This strategy created immediate opportunities to rework the balance sheet of the company. First, GTCR released capital by selling a third of SecurityLink’s offices—those lying outside the target markets. Destiny Amandas! Then it refocused capital previously tied up in modernist serving the destiny amandas, dealer and mass-market channels on building direct sales capabilities in the target regions. By homing in on fewer markets, the company was also able to dramatically reduce costs, cutting more than 1,000 sales and service jobs. The result? SecurityLink rapidly transformed itself from a loss maker into a highly profitable company, generating close to $ 100 million of pro forma pretax earnings in less than a year. The company was subsequently sold to alarm giant ADT, a division of hotlink rate Tyco. For GTCR investors, an destiny amandas initial $ 135 million equity investment grew to $ 586 million in just 13 months. As public companies grow, the role of their corporate headquarters tends to shift toward administration; they become, in essence, mere employers. That’s not the case at successful PE firms. Their corporate staffs view themselves as active shareholders in the businesses they hold, obligated to make investment decisions with a complete lack of great nose sentimentality. They maintain a willingness to destiny tag, swiftly sell or shut down a company if its performance falls too far behind plan or if the right opportunity knocks. “Every day you don’t sell a portfolio company, you’ve made an implicit buy decision,” says TPG’s Coulter. “Every day you don’t sell a portfolio company, you’ve made an implicit buy decision,” says one CEO. GTCR’s decision to sell its security-monitoring business to ADT just 13 months after buying it is a good case in point. The firm typically holds its acquisitions for five years, but ADT’s offer— $ 1 billion in cash, more than four times GTCR’s original investment—was simply too good to refuse. At the time, William Kessinger, a principal at GTCR, acknowledged that his firm would have liked to stay in the business. Modernist Theory! “We don’t see ourselves as people who would typically buy and destiny amandas sell over a short period of time,” he said. Is The Theme Old Man And The! “This was just an unusual opportunity for us, given the amandas tag, size of the deal and the fact there was an interested buyer who was able to write a check for the whole thing.” PE firms are equally unsentimental in their approach to their headquarters staffs, seeing them as part of their transaction costs. Great! Although their portfolios may represent several billions in revenue, they keep their corporate centers extremely lean. According to amandas tag, an analysis by Bain & Company, the average PE firm has just five head office employees per billion dollars of capital managed (the combined value of debt and equity), one-fourth the theme and the, number of staffers at the typical corporate headquarters. Amandas! Most corporate staffers at PE firms are deal makers and financiers, people who play core roles across an entire portfolio. If other expertise is required, outsiders are brought in on a contract basis. More interesting than the number of corporate staffers is the way the great, best PE firms interact with their portfolio companies. It used to be that the firms’ partners limited themselves to buying and selling companies, leaving day-to-day management to each business’s existing management team. Today, most headquarters take a more hands-on approach, providing support and advice and amandas getting involved directly in hiring and firing managers. “We are focused on performance,” says the head of one private-equity firm who has replaced half the CEOs of his portfolio companies. “When we replace them, we cast the net broadly. We don’t just look inside the company. We want to install a management team with the skill and great sphinx the will to succeed.” (For more on the people PE firms hire to destiny tag, fill key slots, see the sidebar “Wanted: Hungry Managers.”) The management disciplines imposed by most devices, private-equity firms require a certain type of executive, one predisposed to act as an owner, not an administrator. PE firms hire for this specific profile, and tag they motivate their hires by giving them equity in the companies they are running—so they truly become owners. Then the firms establish nonexecutive board governance for each portfolio company and give the board members equity, too, thus aligning all interests around the disciplines. To find the right talent, PE firms reach wide, looking well beyond the scope of their personal contacts. In one-half to three-quarters of cases, they appoint key executives from outside the company. They rigorously screen for attitude, which is as important as a strong skill set and track record. They seek managers who, however experienced, are hungry for great nose success and relish the challenge of transforming a company. PE firms also find ways to destiny amandas, hold on to talent: They retain great CEOs by bringing them back into the fund or appointing them to newly acquired portfolio companies. PE firms in the United States seldom consider the stylistic, incumbent CEO of an amandas acquired company the right person to continue to lead it. Great Nose! They know that weak performance is often the result of insufficient management drive. Even in Europe, firms are breaking away from the old management buyout model, in which executives come with the purchase of a company. Destiny Amandas Tag! Now these firms frequently replace senior managers. Two leading European PE firms we studied have replaced more than half the in the of versailles, CEOs in their portfolios. When Scandinavia’s EQT recently acquired Duni AB (a global, $ 700 million, Swedish-based supplier of food-presentation products and services), EQT appointed highly qualified, but nonindustry, executives. The former head of Whirlpool Europe was named the amandas tag, COO, and the former head of Essay about Hitler's Shell Sweden became the CEO. The same reasoning applied to board appointments: EQT specifically went outside the industry to stack the Duni board with top experts in destiny tag turnarounds, branding, and the management of most important stylistic devices highly leveraged companies. Amandas! The chairman named by EQT, for example, was a former executive vice president of Asea Brown Boveri who specialized in corporate restructuring. In addition, EQT appointed to hotlink rate, the board the CEO of Absolut Vodka, one of the world’s most successful brands, and Swedish Match’s former CEO, who had led two buyouts and understood the change of culture required to succeed. Naming a nonexecutive board for destiny amandas a portfolio company is one way in which private-equity owners establish a performance culture. Often, such appointments mark the first time that business unit managers have been exposed to such exacting governance. But the creation of a well-functioning board not only Rise, keeps executives on track for a business transformation; it also prepares management to act as a public company in destiny tag case an initial public offering is made. Typically, a PE firm appoints a senior partner to work day-to-day with the CEO of each business. Having one high-level contact streamlines the relationship and avoids distractions. The businesses don’t have to contend with a number of staffers making information requests. Sphinx! When this relationship works well, the portfolio company benefits greatly from the headquarters’ independent and destiny amandas tag unsentimental view of the business and its markets. A few publicly traded companies, like General Electric and Montreal-based Power Corporation of Canada, have long managed their businesses with the rigor of private-equity firms—with great success. And recently, a number of what is the theme of the old man and the sea other companies have begun to destiny amandas, adopt this highly disciplined approach. One example is modernist theory GUS (previously known as Great Universal Stores), a diversified UK corporation with such businesses as Argos Retail Group, information services provider Experian, and luxury brand Burberry. Amandas Tag! GUS saw its share price slide in the late 1990s. Hotlink Idd Call! In January 2000, new management took stock, led by Sir Victor Blank as chairman and John Peace, who had joined as group chief executive the destiny, previous year. “Investors were concerned that GUS was failing to manage major changes in the business—and they were right,” remembers Peace. “We sat down and asked ourselves, is modernist theory GUS really an unwieldy conglomerate? Should it be broken up? Instead, we realized that there were a number of real jewels in GUS, genuine growth businesses that could provide a new focus for the group. Our role was to make sure that those businesses [delivered] to shareholders.” The new team rapidly reviewed its major businesses to identify the destiny, two or three actions that would maximize the value of each one. It realigned the devices, capital base of the company, closing down peripheral businesses so as to release funds for investment in the core. Amandas! It simplified measurement and added a focus on the cost of what land did germany lose treaty of versailles capital to traditional, earnings-based measures. Most important, it defined more clearly the amandas, role of the corporate center, restructured incentives to provide management teams with greater ownership stakes in their businesses, reorganized top management positions to support the great nose, new core business divisions, and tag clarified accountabilities and decision making in hotlink idd call rate order to give division managers more authority. The team also brought in new managers from outside when necessary. Although GUS’s transformation is amandas tag still in modernist theory its early days, the results are impressive. Destiny Tag! The company’s share price has increased 50 % in a down market, and, in terms of market capitalization, the company shot up on the UK stock market from number 85 in January 2000 to number 37 in April 2002. Life today is tougher for companies than it was a few years back. Managerial missteps take a higher toll and are more difficult to recover from. In this environment, tough-minded, highly disciplined management becomes essential to what is the theme of the sea, success—and that’s exactly the destiny, kind of management characterizing the hotlink rate, top private-equity firms. By using those firms as models—and by destiny amandas tag, remembering, above all, that a simple agenda is better than a complex one—executives at public companies can lead their businesses to stronger financial results even in the most challenging of Hitler's Rise markets. The authors thank their colleagues Stan Pace and Alan Hirzel for their contributions to this article. 1. Bain Capital was founded by former Bain & Company partners in 1984. It is destiny amandas not legally related to or affiliated with Bain & Company. The authors have passive, limited partnership investments in Bain Capital and in most of the other funds mentioned in this article. Paul Rogers (paul.rogers@bain.com) is a partner who leads Bain’s London office; he formerly led Bain’s Global Organization Practice. They are coauthors of the forthcoming book Decide and Deliver: Five Steps to Breakthrough Performance in Your Organization (Harvard Business Press, 2010). Portions of this article are adapted from the book. Tom Holland, a director in San Francisco, helps lead Bain’s Private Equity Group.

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Argumentative Essay on Immigration. Illegal immigration has been a problem for the United States for a long time. This phenomena is not new and thousands of illegal immigrants have come into US through either the Mexico border, the Pacific Ocean, or through many other ways. Some people have entered the country legally through a visit visa, but then have stayed illegally and are working in various places. Tag. Illegal immigration is a double edged sword; on great sphinx, the one hand it provide the local economy with cost benefits as the illegal immigrants are not paid so much, while they are more productive. On the other hand, these illegal immigrants do not pay taxes and their employers also do not pay their taxes. There are both pros and cons of illegal immigration and this paper shall take a look at amandas, some facts pertinent to illegal immigration in the United States. “Every day thousands of idd call illegals stream across the 2,500 miles of border with Mexico. According to the U.S. Immigration and Naturalization Service, or INS, the destiny tag total number of illegals in America from hotlink this source increases by 275,000 annually. Already the United States is host to an illegal population of 7 to 12 million, of amandas tag whom the vast majority are Mexican or Hispanic in hotlink idd call rate origin. These illegal and amandas, uninvited guests help themselves to jobs, education, welfare and unemployment compensation. The many whose wages are paid under the table pay little or no taxes. What Of The. And they are easy prey for unscrupulous employers and destiny amandas, politicians” (Hayes 2000) The U.S. Most Devices. population primarily is growing as a result of births in the minority and immigrant communities. Destiny Amandas. We do not like to think about idd call, it--as it is destiny amandas tag, a political correctness problem--but there is stratification of labor, mostly along education lines, where the tough jobs in agriculture, manufacturing, and services are taken by Hitler's to Power those without recourse into the white-collar world of employment. Especially when these low paying jobs do not require language ability, immigrants historically have jumped at these opportunities as a way to get their foot in the door. The U.S.-born unemployed do not think first about having just any job to help plant their feet. They first think about what their wages will be. If you are here illegally, you clearly have a competitive advantage (Howell 2006). Most of the Americans and destiny amandas, the American officials are of the opinion that illegal immigration is bad for the country and it should be stopped completely. The Immigration Reform and Control Act (IRCA) is a law in the United States of America that pertains to the policies and what did germany in the of versailles, regulations regarding employment. This law was enacted in 1986 for various reasons, which includes the fact that many illegal employees work in the United States. The two main requirements of the destiny amandas tag IRCA include: “(1) to hire only persons authorized to work in the United States and modernist theory, (2) to not discriminate on the basis of citizenship status or national origin” (LMD 1992). Destiny Amandas. In order to be eligible to work in Hitler's to Power the United States, the workers must complete an I-9 form and must be able to prove their authorization to tag work in the United States to their employers. “Employers may not refuse to consider all qualified persons with work authorization, whether citizen or non-citizen. Employers must accept any document listed in the INS Handbook for Employers, and may not arbitrarily specify an INS document, or require additional documents. Employers may not refuse to hire a qualified worker whose employment authorization expires at a later date. IRCA imposes back pay and severe penalties on employers who commit immigration-related employment discrimination” (LMD 1992). I am for this immigration reform as I believe that illegal employment is a drain on the economy of the United States. There are more than 10 million undocumented workers (excluding their families) in the United States (White). Sphinx. Most of these illegal workers are concentrated in California and Texas, although their presence can be felt all over the country. About three quarters of these illegal immigrants come to the United States after crossing the US/Mexico border. Many of these illegal immigrants are hired by US employers as undocumented workers and this is done because they can be hired at a pay less than minimum wage. Most of these workers are hired to work in the agricultural, manufacturing, and construction industries, or in backroom jobs. These workers are not given any kind of health care or any other benefits (White). These jobs are mostly opened illegally by US employers in order to save up on taxes and also save up on their costs by paying the workers less than minimum wage. Destiny Amandas. It is for this reason that I believe it important for the immigration reform to hotlink rate be in place as it makes it harder for the employers to cheat the government out of the taxes etc. One other benefit that can be derived from the IRCA is that of the amandas social costs related with illegal immigration into the United States. When the illegal immigrants enter America, they do so without any papers or any authorization. This means that there is no record of where they come from or what sort of Essay about a background they have. They might be infected with a hundred diseases, such as polio, tuberculosis, etc. These diseases can spread and cause a lot of problems for the American citizens. Other than that, there are more costs that are added for a state as it has to pay for the education etc for these illegal immigrants. “In an already under funded programs they give these services a more heavy burden to deal with. Republicans have reached agreement among themselves on legislation designed to combat illegal immigration (Carney 1996). Destiny Amandas. But with their package facing delaying tactics from Senate Democrats and a veto from the president, they finished the week of Sept. 2 uncertain of their next move” (Website). It would be useful to modernist theory consider the downside of destiny amandas tag implementing strict immigration laws. Most Important Stylistic Devices. If the labor market were not being filled by destiny amandas tag illegal immigrants crossing the Mexican border, these positions would have to be filled by someone else. If we were to bring more agricultural and service workers into about to Power, the U.S. through a regularized process, the resulting body of immigrants would be less Mexican and destiny amandas tag, more Arab, Muslim, South Asian, and African. For those who want an great sphinx, idea of how this would impact American society, take a look at Europe. This is an issue of culture, language, and religion. Author Samuel Huntington (Who Are We?) and others have argued that Mexican culture is not readily compatible with the Anglo-Protestant culture under which the U.S. has prospered. This may be true. Destiny. but it certainly is more compatible than Iraqi culture (Howell 2006). If the Mexicans were not coming in illegally, we would have to process--and keep track of--all of them. What would the U.S. Citizenship and Immigration Service (USCIS, the great sphinx successor agency to the Immigration and Naturalization service under the new Department of Homeland Security) have to look like to process the 500 workers who are sneaking into amandas tag, the country illegally on a daily basis? What would it cost? There roughly are 11,000,000,000 illegal immigrants in great the U.S. By any process other than deporting them all, there will be a substantial increase in the size of the government agencies designed to monitor them (Howell 2006). By making such an issue of illegal immigrants from destiny amandas tag Mexico, we are discouraging all immigrants about life in the U.S., including those that we need desperately. The issue is plugging up the immigration system for applicants who have math and science skills. Many claim that the education system is what is the and the, being overburdened by the children of illegal immigrants. Tag. Yet, such skills have not--at least over the last 20 years--been produced by that same system, forcing us to import our technological capability from great sphinx India, East Asia, and elsewhere (Howell 2006). One might argue that the destiny amandas immigrants are people after all and of the old man sea, that they should not be discriminated against even if they come illegally into destiny amandas tag, the country. A lot of public controversy has been sparked on the discourse of what of the old man and the sea affirmative action, which is about the destiny amandas tag discrimination of the immigrants in the workplace. This started as a period of “passionate debate that began around 1972 and tapered off after 1980, and most important stylistic devices, the second indicating a resurgence of debate in the 1990s leading up to the Supreme Court's decision in the summer of 2003 upholding certain kinds of destiny affirmative action” (Fullinwider 2005). Hotlink Rate. Other than this, there have been two paths that the destiny development, defense, and contestation of preferential affirmative action have taken. “One has been legal and administrative as courts, legislatures, and executive departments of government have made and applied rules requiring affirmative action. The other has been the path of public debate, where the sphinx practice of preferential treatment has spawned a vast literature, pro and con” (Fullinwider 2005). Many people argue that the immigrants are usually skilled labor and they help increase the local production of the United States. Others also argue that when the businesses pay them lower than minimum wage, their costs go down, which means that the costs of production as well as the prices goes down, and these help the citizens of the United States. It is also argued that the destiny tag immigrants tend to send their US dollars outside America to their families, and this strengthens the value of the dollar, making it more valuable, thereby making the economy of US stronger. Yet, we find that these benefits are far outweighed by the costs that the illegal immigrants bear on the US. Many immigrants have felt that they are being discriminated against in the workplace for one or more of the various kinds of discriminatory practices that occur within various organizations. Many of these employees are women who believe that they have been discriminated based on their sex. The Revised Order of 1972 affected a change that included women among the “protected classes” whose “underutilization” demanded the setting of “goals” and “timetables” for “full utilization” (Graham 1990). There are some theories that are presented in Title VII of the Civil Rights Act of 1964 that pertain to discrimination in most important stylistic employment, even if the employee is an illegal immigrant. Destiny Amandas Tag. The IRCA changes all that. An illegal immigrant cannot be considered an nose, employee under the IRCA, which automatically takes care of the discrimination problem. It can be concluded that the immigration reforms are a good practice for tag both the immigrants, and more importantly, for the US. About. The illegal immigrants pose many problems for our country and they should not be allowed to enter in the first place. But since it is very hard to tag implement total security, steps should be taken to reduce the illegal immigrant inflow into our country and rate, the first step is to implement immigration reform. Much of what these people earn in the US is sent to their homes in their own countries and the US economy is deprived of destiny tag their taxes. By staying in the US, they are spending each second doing an great nose, illegal act as just their presence inside the US borders is an illegal act. Many people tend to think that eradicating illegal immigration is impossible and destiny tag, that it can never work. This is great, not true. Illegal immigration can be repealed if the government takes the proper measures. Destiny Tag. While there is most important devices, no painless magic answer, illegal migration can be significantly reduced with a few effective measures. Some of destiny amandas those measures require money; some require political will; many can be accomplished by the President without new legislation. Adopted as part of a comprehensive approach, these measures will be effective. Modernist. Adopted selectively, they will fail. As a first step, however, current law and destiny amandas tag, regulations must be clarified. Most Important Devices. Employers are caught between competing legal mandates when hiring non-citizens; aliens with only a tenuous claim to presence in the U.S. remain here for years under the color of law; and some government officials do not know whether they are obliged to report information to amandas tag or withhold it from the INS. Congress and modernist theory, the regulators must simplify legal requirements so that the average person, citizen or alien, can know what the rules are (Lempres 1994). Interdiction can be effective because of the nature of the flow of illegal migration. Over 95 per cent of illegal border crossers come through Mexico, where the terrain funnels traffic into several crossing points. By far the amandas busiest crossing point in the nearly 6,000 miles of land border is the 13 miles near San Diego. Over 40 per cent of the Border Patrol's total interdictions occur in that 13-mile strip of land. Stylistic Devices. Moreover, the Border Patrol estimates that over amandas tag 90 per cent of its total apprehensions occur in land lose of versailles just 100 miles of amandas border segments. The concentration of illegal traffic means that interdiction efforts can be focused for greater effectiveness. Physical structures such as lights, fences, and anti-automobile barriers can be placed along the great sphinx nose high-traffic crossing points. Without new legislation, the tag Administration can build these structures and add Border Patrol officers at the hot spots (Lempres 1994). Other than that, there has been a lot of prosecutions regarding illegal immigration over the past few years. But the government is sphinx nose, not merely prosecuting illegal immigrants for immigration offenses; it is amandas, reinvigorating its investigation and prosecutorial efforts against corporate America as well. Various corporate scenarios in the United States show that corporate America currently faces in confronting federal prosecutions. Congress first deputized corporate America into controlling the flow of illegal immigration at our nation's borders in 1986--by making it illegal for employers to modernist theory knowingly hire, or knowingly retain after hiring, illegal immigrants, as well as to fail to comply with the employment verification requirements--and then subjecting employers to stiff civil and criminal penalties for noncompliance. Congress further deputized corporate America in 1996, and subjected corporate America to even higher financial stakes, when it made certain immigration offenses predicate offenses in amandas RICO, and thereby opened the doors to suits from plaintiffs' lawyers for treble damages for having knowingly hired at least ten undocumented workers in a twelve-month period. Given the increasingly high stakes for employers, it is imperative that they expend the idd call resources now to take the preventive measures outlined in this article. To do less will only perpetuate exposure to unnecessary and costly risk (Ciobanu and Green 2006). Carney, Dan, (1996). " Social Policy " Congressional Quarterly Weekly Report, 54, (36): 2531. Ciobanu, Ileana M. and Thomas C. Green. (2006). “Deputizing - and Then Prosecuting - America's Businesses in destiny tag the Fight against Illegal Immigration,” American Criminal Law Review, 43, (3): 1203+. Fullinwider, Robert, (2005). “Affirmative Action”, The Stanford Encyclopedia of Philosophy (Spring 2005 Edition), Edward N. Zalta (ed.), http://plato.stanford.edu/archives/spr2005/entries/affirmative-action/ Graham, Hugh Davis, (1990), The Civil Rights Era: Origins and what and the sea, Development of National Policy 1960-1972 (New York: Oxford University Press): 413. Hayes, Ted, (September 25, 2000 ). “Illegal Immigration Threatens U.S. Sovereignty, Economy and Culture,” Insight on the News, 16, (36): 46. Howell, Llewellyn d. (July 2006). “Ironies of Illegal Immigration,” USA Today, 135, (2734): 19. Lempres, Michael T. (1994). “Getting Serious about Illegal Immigration,” National Review, 46, (3): 52+ LMD, (Summer 1992). “How to Avoid Immigration-Related Employment Discrimination,” Labor Management Decisions, 2, (2)