Deception, Fraud, and the Collapse of Enron Essay

Deception, Fraud, and the Collapse of Enron Introduction From America’s 7th most valuable company in December 2000, to a company in ruins by early 2002, Enron has been involved in one of the most incredible reverses of fortune ever. With shares riding high on Wall Street at $84.87 on the 28th December 2000, and awards such as â€Å"America’s most innovative company† from Fortune Magazine 6 years running, and â€Å"Energy Company of the Year† from the Financial Times also in 2000, it looked as though Enron were promising to be one of the biggest American companies of all time. Things started going drastically wrong. As large losses were being reported, share prices tumbled, and Enron, within the space of only a year, was on the verge of collapse.†¦show more content†¦Organic growth was possible through high profits and high share prices, so Enron diversified into not only providing energy, but offering the up and coming broadband service. This was a decision that would cost them in the future. Enron were confident that it would be a success and so took a risk into a market that had not yet fully taken off. It was here eventually where Enron lost most of its money. They overestimated prices, and ended up losing $102m, with only $16m coming in. They bought up too many fibre optic cables (required to deliver the broadband internet service) of which only 2% were used. The broadband service was also responsible for Enron using the wrong accounting techniques that actually made them look as though they were making money. They used a style known as â€Å"mark to market†, where money from contracts worth a certain amount of money over a long period (eg 5 years) were shown in the account straight away. Predictions were way out, as this accounting technique only works efficiently in a liquid market- where there are many buyers and sellers. By using it for assets that cant necessarily be seen- allocation of internet capacity, it didn’t work. It is clear that this was a huge mistake. Using the wrong style of accounting meant that investors thought that Enron were making money, where in fact they were making huge losses. A former vice-president to Enron, Sherron Watkins, sent a letter to Kenneth Lay, the chiefShow MoreRelatedThe Collapse Of The Corporate Rock Star1686 Words   |  7 PagesThe story of Enron is one of a perfect storm--the right people in the right places with the right ideas, but the exact opposite. Moreover, it is a story about accounting fraud, deception, the ugly side of corporate culture and, most of all, greed. In entry level accounting classes, it is taught that publishing accurate financial statements and being honest in accounting practices are fundamental to maintaining a healthy business and achieving lasting success. Enron is a shining example of whatRead MoreHistory of Enron: What is Fraudulent Financial Reporting?770 Words   |  3 PagesEnron Corporation History of Enron Enron Corporation was founded in Omaha, Nebraska (US), and in 1985 Houston Natural Gas Consolidated with InterNorth to make, what is now established as the energy based company. The corporation based in Houston, Texas (founded in 1985) was known as the better enterprise in North America that accomplished one of the vast natural gas transmission networks. â€Å"Enron was a provider of products and services related to natural gas, electricity and communications to wholesaleRead MoreThe Enron Corporation Scandal 1791 Words   |  7 PagesIDENTIFY THE ACCOUNTING PRACTICES THAT WERE ASSOCIATED WITH THE ACCOUNTING SCANDAL. The Enron Corporation failures made world headlines for many reasons ranging from greed from its executives, the alleged malpractice and criminal behaviours, and its quick and disastrous collapse. The most critical factor in Enron’s melt down was the use of creative and manipulative accounting practices to distort reported proï ¬ tability and indebtedness that befell the corporation (A. Holt and T. Eccles, 2002) TheRead MoreFailure And Fraud Of Enron1161 Words   |  5 Pagescharacteristics such as failure and fraud that have been linked through time. However, although failure and fraud are connected in several various ways, one tends to come before the other. Generally failure is the absence of achieving success and fraud is committing an unlawful act that is driven by failure or to result in failure. Failure has driven fraud for countless reasons either for financial prosperity or personal supremacy. In many cases the direction of failure and fraud is mainly subjected to theRead MoreEnron s Impact On Enron1554 Words   |  7 Pagescompanies, Houston Natural Gas, and InterNorth merged to form Enron. Kenneth Lay wanted to create a company that can supply electricity and natural gas at a much lower price. As time went on, Enron ranked as the nation’s sixth largest energy company with global internet trading commodities in plastics, steel, petrochemicals and waste water to name a few (Fusaro, 2000, p. 157). From the time they merged to form Enron up to the point of their collapse, Enron’s executive committee had squandered many of theRead MoreCorporate Fraud, Within Corporate Governance1645 Words   |  7 Pagesdiscredit and collapse of various high-profile corporations across the world. These scandals were inherently the result of fraud, scams, mismanagement, fraudulent reporting and audit failure among many other deficiencies present in the corporate governance model of various syndicates. Some of these made the very foundation of the financial markets unstable and open to financial crisis. The international and national community were compelled to more efficiently address the issues of corporate fraud, misconductRead MoreEnron : The Collapse Of Enron1644 Words   |  7 PagesEnron was once one of the world s leading energy companies by reshaping the way natural gas and electricity were bought and sold. They filed the largest corporate bankruptcy in American history in 2001. Enron Corporation was an energy company running out of Texas that was started when two companies, Houston Natural Gas and InterNorth, merged together in 1985. By 1992, Enron became the largest seller of natural gas in North America and began to offer other services like wholesaler trading and riskRead MoreThe Responsibility of the External Auditor and the Management of the Entity Being Audited with Relation Fraud and Error.1575 Words   |  7 Pages36894206 The responsibility of the external auditor and the management of the entity being audited with relation fraud and error. 1.Introduction Fraud is defined as something that is intended to deceive people and error is defined as something unintentionally done wrong, e.g. as a result of poor judgment or lack of care by Encarta English Dictionary. After the collapse of great companies like Enron, and World com to mention a few, it has raised eyebrows the involvement of auditors in these failed companiesRead MoreDishonesty in Business ENvironments2785 Words   |  11 Pagesof the business environment. These acts of dishonesty and deception are lurking in the business world for their prey. As Smith proposed, â€Å"Deception would appear to be the norm rather than the exception in business† (Smith 19). Although deception is common in the corporate world, there are always outbursts of trauma and disturbance every time the business history observes the occurrence of major fraud, failures and other illegal acts. Enron Corporation, dubbed the most innovative company in corporateRead MoreEnron Case2186 Words   |  9 Pag esPart B: What role did the CFO play in creating the problems that led to Enron’s financial problems? In order to prevent the losses from appearing on its financial statements, Enron used questionable accounting practices. To misrepresent its true financial condition, Andrew Fastow, the Enron’s CFO, takes his role involving unconsolidated partnerships and â€Å"special purpose entities†, which would later become known as the LJM partnership. Taking advantage from the SPEs’s main purpose, which provided

The Myths of the Founding of Rome

By tradition, the city of Rome was founded in 753 B.C.* The stories  about the founding of Rome are conflicting, but there are two main founding figures to look out for: Romulus (after whom the city may have been named) and Aeneas. It is also possible that Evander of Arcadia founded Rome. Much of the information on the founding of Rome comes from the first book of Livys history of Rome. Aeneas as Founder of Rome The Trojan prince Aeneas, an important figure linking the Romans with the Trojans and the goddess Venus, is sometimes credited with the founding of Rome as the culmination of his post-Trojan War adventures, but the version of the Roman foundation myth that is most familiar is that of Romulus, the first king of Rome.   The Romulus and Remus Myth Romulus and Remus were twin brothers, the sons of a vestal virgin named Rhea Silvia (also called Ilia) and the god Mars, according to legend. Since vestal virgins could be buried alive if they violated their chastity vows, whoever forced Rhea Silvia to enter the equivalent of an ancient convent assumed that Rhea Silvia would remain childless. The grandfather and great-uncle of the twins were Numitor and Amulius, who between them divided the wealth and kingdom of Alba Longa (a city founded by Aeneas son Ascanius), but then Amulius seized Numitors share and became sole ruler. To prevent retaliation by the offspring of his brother, Amulius made his niece a vestal virgin. When Rhea became pregnant, her life was spared because of the special pleading of Amulius daughter Antho. Although she kept her life, Rhea was imprisoned. Contrary to plan, the virgin Rhea was impregnated by the god Mars. When the twin boys were born, Amulius wished to have them killed, and so bid someone, perhaps Faustulus, a swineherd, expose the boys. Faustulus left the twins on the river bank where a she-wolf nursed them, and a woodpecker fed and guarded them until Faustulus took them into his care again. The two boys were well educated by Faustulus and his wife, Acca Larentia. They grew up to be strong and attractive. They say that his name was Faustulus; and that they were carried by him to his homestead and given to his wife Larentia to be brought up. Some are of the opinion that Larentia was called Lupa among the shepherds from her being a common prostitute, and hence an opening was afforded for the marvellous story.—Livy Book I As adults, Remus found himself imprisoned, and in the presence of Numitor, who determined from his age that Remus and his twin brother could be his grandsons. Learning of Remus predicament, Faustulus told Romulus the truth of his birth and sent him off to rescue his brother. Amulius was despised, and so Romulus drew a crowd of supporters as he approached Alba Longa to kill the king. The twins re-installed their grandfather Numitor on the throne and freed their mother who had been imprisoned for her crime. The Establishment of Rome Since Numitor now ruled Alba Longa, the boys needed their own kingdom and settled in the area in which they had been raised, but the two young men couldnt decide on the exact site and started building separate sets of walls around different hills: Romulus, around the Palatine; Remus, around the Aventine. There they took auguries to see which area the gods favored. On the basis of conflicting omens, each twin claimed his was the site of the city. An angry Remus jumped over Romulus wall and Romulus killed him. Rome was therefore named after Romulus: A more common account is that Remus, in derision of his brother, leaped over the newly-erected walls, and was thereupon slain by Romulus in a fit of passion, who, mocking him, added words to this effect: So perish every one hereafter, who shall leap over my walls. Thus Romulus obtained possession of supreme power for himself alone. The city, when built, was called after the name of its founder.—Livy Book I Aeneas and Alba Longa Aeneas, son of the goddess Venus and the mortal Anchises, left the burning city of Troy at the end of the Trojan War, with his son Ascanius. After many adventures, which the Roman poet Vergil or Virgil describes in the Aeneid, Aeneas and his son arrived at the city of Laurentum on the west coast of Italy. Aeneas married Lavinia, the daughter of a local king, Latinus, and founded the town of Lavinium in honor of his wife. Ascanius, son of Aeneas, decided to build a new city, which he named Alba Longa, under the Alban mountain. Alba Longa was the hometown of Romulus and Remus, who were separated from Aeneas by about a dozen generations. Aeneas was hospitably entertained at the house of Latinus; there Latinus, in the presence of his household gods, cemented the public league by a family one, by giving Aeneas his daughter in marriage. This event fully confirmed the Trojans in the hope of at length terminating their wanderings by a lasting and permanent settlement. They built a town, which Aeneas called Lavinium after the name of his wife. Shortly afterward also, a son was the issue of the recently concluded marriage, to whom his parents gave the name of Ascanius.—Livy Book I Plutarch on Possible Founders of Rome ... Roma, from whom this city was so called, was the daughter of Italus and Leucaria; or, by another account, of Telephus, Herculess son, and that she was married to Aeneas, or ... to Ascanius, Aeneass son. Some tell us that Romanus, the son of Ulysses and Circe, built it; some, Romus the son of Emathion, Diomede having sent him from Troy; and others, Romus, king of the Latins, after driving out the Tyrrhenians, who had come from Thessaly into Lydia, and from thence into Italy.—Plutarch Isidore of Seville on Evander and the Founding of Rome There is a line (313) in the 8th book of the Aeneid that suggests Evander of Arcadia founded Rome. Isidore of Seville reports this as one of the stories told about the founding of Rome.   A banishd band,Drivn with Evander from th Arcadian land,Have planted here, and placd on high their walls;Their town the founder Pallanteum calls,Derivd from Pallas, his great-grandsires name:But the fierce Latians old possession claim,With war infesting the new colony.These make thy friends, and on their aid rely.—Dryden translation from Book 8 of the Aeneid. Points to Note About the Roman Founding Legend Rome was founded on 21 April 753 B.C., according to tradition. It was celebrated in Rome with the festival of Parilia.Because a woodpecker tended to the twins, the woodpecker was sacred to Rome.In some versions of the story, Rhea was drowned and then married the river god Tiber.When Faustulus first let the twins go, they floated into the river and then washed ashore at the base of a fig tree. This was the site where they built their city.In some versions, Acca Larentalia was a prostitute.The stories of the founding of Rome are just that, stories. The legends, as a whole, are not confirmed by tangible evidence although they can be used to help interpret some bits of archaeological data. * 753 B.C. is an important year to know since some Romans reckoned their years from this beginning time (ab urbe condita), although the names of the consuls were more commonly used to pinpoint a year. When viewing Roman dates you may see them listed as xyz year A.U.C., which means xyz years from (after) the founding of the city. You might write the year 44 B.C. as 710 A.U.C. and the year A.D. 2010 as 2763 A.U.C.; the latter, in other words, 2763 years from the founding of Rome.

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Sarbanes Oxley Act of 2004 Essay - 1713 Words

Sarbanes Oxley Act of 2004 The Sarbanes-Oxley Act of 2002 was signed into law on July 30, 2002 by President Bush. The new law came after major corporate scandals involving Enron, Arthur Anderson, WorldCom. Its goals are to protect investors by improving accuracy of and reliability of corporate disclosures and to restore investor confidence. The law is considered the most important change in securities and corporate law since the New Deal. The act is named after Senator Paul Sarbanes of Maryland and Representative Michael Oxley of Ohio (Wikipedia Online). Sarbanes-Oxley consisted of 11 different titles or sections. Title I is Public Company Accounting Oversight Board. It created a five member panel known as the Public†¦show more content†¦An accounting firm is also now banned from perform auditing services for one year on a company if the firm employs any former high-ranking executives. Title III of the Sarbanes-Oxley Act is Corporate Responsibility. It creates many new obligations for CEOs, CFOs, and other senior executives. Title III requires that CEOs and CFOs must certify that they have reviewed annual as well as quarterly reports and that they contain no untrue information, material omissions, or misleading information. CEOs and CFOs are now responsible for establishing and maintaining internal controls, plus reviewing their effectiveness within 90 days prior to financial reports. They must disclose any deficiencies or possible fraud. The CEO and CFO are required to give back any bonuses or sale of company securities, if the company must restate financial statements due to material noncompliance or misconduct. High-ranking executives are also now banned from trading company securities during pension fund blackout periods. Lawyers are now required to report any evidence of violations of securities law or obligations to either the CEO of the company or chief legal counsel. If a person violates the law and their conduct demonstrates an unfitness to serve, he or she can be banned from being an executive of a company (Sarbanes-Oxley). Title IV is Enhanced Financial Disclosures. This section of theShow MoreRelatedThe Sarbanes-Oxley Act of 20021668 Words   |  7 PagesThe Sarbanes-Oxley Act of 2002 The Sarbanes-Oxley Act of 2002 The Act Impact ACC 410, Jackie Lewis, Ph.D. Abstract The Sarbanes-Oxley Act, officially named the â€Å"Public Company Accounting Reform and Investor Protection Act of 2002†, is recognized to be the most noteworthy U.S. federal disclosure and corporate governance legislation since the Securities Act of1933 (the Securities Act) and the Securities Exchange Act of 1934 (the Exchange Act). Furthermore, the provisions of the Act areRead MoreThe Sarbanes Oxley Act ( Sox ) For A Company1461 Words   |  6 Pagesto try to describe the cost and benefits of implementing the Sarbanes Oxley Act (SOX) for a company. I will then move on to describe what it is, how to go about it, and what a company may need to properly implement it. The Sarbanes Oxley Act was approved and activated in 2002 to protect investors and to renew confidence in American companies from what happened with the fall of companies like Enron, HealthSouth, and WorldCom. This act was trusted to fix or find corruption in the companies and makeRead MoreThe Implications of the Sarbanes Oxley Act on the Accounting Profession755 Words   |  4 PagesThe Implications of the Sarbanes Oxley Act on the Accounting Profession Abstract On July 30, 2002, the Sarbanes Oxley Act (also known as SOX) was signed into law by President George W. Bush. The Sarbanes Oxley Act of 2002 is a federal law that set new or improved standards for all U.S. public company boards, management and public accounting firms. Covered in the eleven titles are additional corporate board responsibilities, auditing requirements and criminal penalties. ThisRead MoreEssay about Details of the Sarbanes Oxley Act 20021060 Words   |  5 Pagesfindings properly. Since the Sarbanes-Oxley Act, there have been provisions that have directly affected auditors. This paper will include the details of the Sarbanes-Oxley Act, how ethics and independence have affected auditors, as well implementation of new standards based on the Sarbanes-Oxley Act. The Sarbanes-Oxley Act of 2002, provided changes in the regulations of the issuers in the public structures in the United States, as well as non-United States issuers. The Act applies to all issuers includingRead MoreThe Tax Advantages Of Sarbanes Oxley Essay969 Words   |  4 PagesDisadvantages of Sarbanes-Oxley Afua Nyamekye Liberty University The Tax Advantages and Disadvantages of Sarbanes-Oxley The 1990s and the early 2000s was a time that the world witness an explosion of fraud in the corporate world. Corporate fraud like Enron, HealthSouth, Waste Management, WorldCom, Lehman Brothers, etc. was so disturbing that lawmakers felt the need for a law to help curb down these frauds. Lawmakers came out with Sarbanes Oxley named after Senator Paul Sarbanes and Rep. MichaelRead MoreSarbanes Oxley Act And Its Effect On Market Liquidity1289 Words   |  6 Pagesseller (Abella, 2016). The Sarbanes Oxley Act in 2002 incentivized institutions to keep more accurate and attainable records of business. The Act being based off of the fraudulent activity of several high profile companies (eg. Enron), was put in place to better monitor and record a companies transactions, improve management style, and promote ethically responsible behavior in the workplace (Keneth, 2015). Our main purpose is to determine whether or not the Sarbanes-Oxley Act had an affect on marketRead MoreThe Sarbanes Ox ley Act Of 20021525 Words   |  7 Pagesthe Sarbanes-Oxley Act of 2002 (Cheeseman, 2013). Congress ordered the Sarbanes-Oxley Act of 2002 (SOX Act) to shield customers from the fraudulent exercises of significant partnerships. This paper will give a brief history of the SOX Act, portray how it will shield general society from fraud inside of partnerships, and give a presumption to the viability of the capacity of the demonstration to shield purchasers from future frauds. History of the SOX Act Congress established the Sarbanes-Oxley ActRead MoreCorporate Scandals And The Implact Of The Sarbanes Oxley Act1472 Words   |  6 PagesA LOOK AT CORPORATE SCANDALS AND THE IMPLACT OF THE SARBANES-OXLEY ACT OF 2002 I. INTRODUCTION An economic boom filled with fraud, collapsed in the early 2000s with the unravelling of Enron in October 2001 followed by the implosion of WorldCom and many others big corporations. The downfall of these major companies led to a wide spread crisis of confidence in the financial markets. A crisis caused by executive greed was able to be magnified when the gatekeepers, the auditors, lawyers and analystsRead MoreSarbanes Oxley Act and the PCAOB Essay1661 Words   |  7 PagesThe Sarbanes-Oxley Act Overview: The development of the Sarbanes-Oxley Act (SOX) was a result of public company scandals. The Enron and Worldcom scandals, for example, helped investor confidence in entities traded on the public markets weaken during 2001 and 2002. Congress was quick to respond to the political crisis and enacted the Sarbanes-Oxley Act of 2002, which was signed into law by President Bush on July 30 (Edward Jones, 1), to restore investor confidence. In reference to SOX, penaltiesRead MoreSarbanes Oxley Memo1410 Words   |  6 PagesAugust 22, 2005 SUBJECT: Sarbanes-Oxley recommendations As consultants for Ancher Public Trading (APT), Learning Team A would like to discuss the implications of the Sarbanes-Oxley (SOX) legislation. This memorandum provides a brief history of SOX ¡Ã‚ ¦s creation, explains the relationship amongst the FASB, SEC and PCAOB, describes the pros and cons of SOX, assesses the impacts of SOX, and lists ethical considerations of SOX. History of SOX - the Sarbanes-Oxley Act of 2002 is legislation in response

High Fructose Corn Syrup Free Essays

WHAT IS HIGH FRUCTOSE CORN SYRUP? * High fructose corn syrup (HFCS) is a calorie-providing sweetener used to sweeten foods and beverages, particularly processed and store-bought foods. It is made by an enzymatic process from glucose syrup that is derived from corn. A relatively new food ingredient, it was first produced in Japan in the late 1960s, then entered the American food supply system in the early 1970s. We will write a custom essay sample on High Fructose Corn Syrup or any similar topic only for you Order Now HFCS is a desirable food ingredient for food manufacturers because it is equally as sweet as table sugar, blends well with other foods, helps foods to maintain a longer shelf life, and is less expensive (due to government subsidies on corn) than other sweeteners. It can be found in a variety of food products including soft drinks, salad dressings, ketchup, jams, sauces, ice cream and even bread. The enzyme process that changes the 100% glucose corn syrup into HFCS 42 is as follows: 1. alpha-amylase  Ã¢â‚¬â€œ produces shorter chains of sugars called  oligosaccharides  from raw  cornstarch. 2. Glucoamylase  Ã¢â‚¬â€œ breaks the oligosaccharides down even further to yield the simple sugar glucose. 3. Xylose isomerase  (aka glucose isomerase) – converts glucose to a mixture of about 42% fructose and 50–52% glucose with some other sugars mixed in. * has the same calories from sugar, honey There are two types of high fructose corn syrup found in foods today: * HFCS-55 (the main form used in soft drinks) contains 55% fructose and 45% glucose. * HFCS-42 (the main form used in canned fruit in syrup, ice cream, desserts, and baked goods) contains 42% fructose and 58% glucose. WHAT ARE THE BENEFITS OF HIGH FRUCTOSE CORN SYRUP? Low Calorie and Generally Recognized as Safe * HFCS’s calorie content is similar to table sugar, about 4 calories per gram. It is also a food product â€Å"generally recognized as safe† by the U. S. Food and Drug Administration. * Ubiquitous, Well-Preserved Food at Low Prices * Food manufacturers favor HFCS because it is just as sweet as cane sugar but cheaper. This means they can produce greater amounts of food at lower prices and enable the country to enjoy relatively rare food shortages. In addition, HFCS acts as a food preservative and protects food from water activity that allows microorganisms to grow. It also helps reduce freezer burn and aids in the fermentation process for yeast-raised bread and * * WHAT ARE THE PROBLEMS WITH HIGH FRUCTOSE CORN SYRUP? * * That’s why many of the lower class is more malnourished because the things they can afford are all processed and packaged and full of hfcs many other preservatives * IS THIS A CREDIBLE SOURCE OF INFORMATION? * * HowStuffWorks. com is *probably* accurate in its information, but it’s not the best place to get your information because it’s just doing the same thing you are–compiling bits of information from a lot of different sources, not producing new information. The person writing the article may or may not be an expert in the field they’re writing in, but the article is meant for people to satisfy their curiosity, not do serious research. * * http://www. sparkpeople. com/resource/nutrition_articles. asp? id=486 http://www. eatrightontario. ca/en/Articles/Carbohydrate/What-you-need-to-know-about-high-fructose-corn-syr. aspx http://www. livestrong. com/article/339628-nutritional-benefit-of-high-fructose-corn-syrup/ How to cite High Fructose Corn Syrup, Papers High Fructose Corn Syrup Free Essays High Fructose Corn Syrup: Friend or Enemy We eat every day, rarely thinking about what’s going into our bodies. Take soda, for example, when was the last time you read the label before taking a sip? For me, it is never. One of the first ingredients listed on the can is HFCS or high fructose corn syrup. We will write a custom essay sample on High Fructose Corn Syrup or any similar topic only for you Order Now This ingredient is a secret additive to many products in today’s market. High Fructose Corn Syrup is one of the cheapest to make and hardest to get rid of in the body. Since its introduction to food products in the 70’s it has slowly been added to most foods, even ketchup. More and more scientists are trying to find links between HFCS and several major health problems; such as diabetes and obesity. Although a major link has not been definitely determined to date, minor links have been proven such as such as the amounts that can be consumed before harm can be determined. Even though some minor associations have been made the FDA still considers HFCS to be safe for consumption. The reason for this is because HFCS is not considered an artificial ingredient. The rule considered is as long as a product has no signs of a chemical added it cannot be labeled an â€Å"artificial ingredient†. In researching the origin of High Fructose Corn Syrup I found out that mercury was found in the product. Even with this new information, the FDA still allows this product to be used in 94% of the foods we consume every day. Why would you need to put HFCS in baby formula? In places like England and France they have practically banned HFCS and made it difficult to use in the entire country. The European Union has a deal with the Sugar Refiners to only use natural cane and beet sugars. High Fructose or Syrup as you now knows are any almost everything we eat and drink. But what you don’t know is what it is really doing inside your body. High Fructose Corn Syrup started being mass produced in 1982. It was around that time that researchers noticed an increase in children developing type II diabetes. Obesity around the country has soared. Type 2 diabetes is related to the body’s inability to effectively use the insulin that is produced by the pancreas. This is thought to be directly related to weight. It has been proven that HFCS also cause heart problems. This is also thought to be weight related. Despite all the recent attempts to try and prove HFCS unhealthy effects, the Corn Refiners Association has come out with campaigns in High Fructose Corn Syrup’s defense. They state the HFCS are not bad and are ok when eaten in moderation. There is no such thing as moderation when it is found in 94 % of the food. While more cons can be found than pros for HFCS; the Corn RefinersAssociation stands behind their product. In fact all the pros I found came from the CRA. The only truth I found was that it is cheaper to produce. Their website has no real information; and in fact called what many to believe to be truths myths. Although the Corn Refiners Association proved to be pointless my endless goggle search did take me too many blogs and organizations which I found to be very informative. Even though the bloggers were only expressing their opinion, many found HFCS to be repulsive. Many of the organizations say they are 20 xs bad for your health. The most informative was HighFructoseCornSyrup. com they are a group of bloggers that I agree with. Each of their articles deal with HFCS in the media and how it is affecting us as a society. After reading all this information and making my way through my research, I began to question what I was eating. Is this slurpee chockfull of HFCS? Of course, just look at how sweet it is. Is my burger only good because that ketchup it’s covered with is full of â€Å"sugar†, I mean high fructose corn syrup? Maybe I’m just losing it because I didn’t want to believe what I had been hearing for years was true. Is my weight gain because I eat too much or is it the Additive that is in so many of the foods I eat that caused the weight gain in the first place? Hmm! Although it has been on the market for about 35 years most thought their weight gain was cased only by a lack of exercise. With obesity at epidemic proportions many are starting to question is it something in the food too? How to cite High Fructose Corn Syrup, Papers

High Fructose Corn Syrup Free Essays

WHAT IS HIGH FRUCTOSE CORN SYRUP? * High fructose corn syrup (HFCS) is a calorie-providing sweetener used to sweeten foods and beverages, particularly processed and store-bought foods. It is made by an enzymatic process from glucose syrup that is derived from corn. A relatively new food ingredient, it was first produced in Japan in the late 1960s, then entered the American food supply system in the early 1970s. We will write a custom essay sample on High Fructose Corn Syrup or any similar topic only for you Order Now HFCS is a desirable food ingredient for food manufacturers because it is equally as sweet as table sugar, blends well with other foods, helps foods to maintain a longer shelf life, and is less expensive (due to government subsidies on corn) than other sweeteners. It can be found in a variety of food products including soft drinks, salad dressings, ketchup, jams, sauces, ice cream and even bread. The enzyme process that changes the 100% glucose corn syrup into HFCS 42 is as follows: 1. alpha-amylase  Ã¢â‚¬â€œ produces shorter chains of sugars called  oligosaccharides  from raw  cornstarch. 2. Glucoamylase  Ã¢â‚¬â€œ breaks the oligosaccharides down even further to yield the simple sugar glucose. 3. Xylose isomerase  (aka glucose isomerase) – converts glucose to a mixture of about 42% fructose and 50–52% glucose with some other sugars mixed in. * has the same calories from sugar, honey There are two types of high fructose corn syrup found in foods today: * HFCS-55 (the main form used in soft drinks) contains 55% fructose and 45% glucose. * HFCS-42 (the main form used in canned fruit in syrup, ice cream, desserts, and baked goods) contains 42% fructose and 58% glucose. WHAT ARE THE BENEFITS OF HIGH FRUCTOSE CORN SYRUP? Low Calorie and Generally Recognized as Safe * HFCS’s calorie content is similar to table sugar, about 4 calories per gram. It is also a food product â€Å"generally recognized as safe† by the U. S. Food and Drug Administration. * Ubiquitous, Well-Preserved Food at Low Prices * Food manufacturers favor HFCS because it is just as sweet as cane sugar but cheaper. This means they can produce greater amounts of food at lower prices and enable the country to enjoy relatively rare food shortages. In addition, HFCS acts as a food preservative and protects food from water activity that allows microorganisms to grow. It also helps reduce freezer burn and aids in the fermentation process for yeast-raised bread and * * WHAT ARE THE PROBLEMS WITH HIGH FRUCTOSE CORN SYRUP? * * That’s why many of the lower class is more malnourished because the things they can afford are all processed and packaged and full of hfcs many other preservatives * IS THIS A CREDIBLE SOURCE OF INFORMATION? * * HowStuffWorks. com is *probably* accurate in its information, but it’s not the best place to get your information because it’s just doing the same thing you are–compiling bits of information from a lot of different sources, not producing new information. The person writing the article may or may not be an expert in the field they’re writing in, but the article is meant for people to satisfy their curiosity, not do serious research. * * http://www. sparkpeople. com/resource/nutrition_articles. asp? id=486 http://www. eatrightontario. ca/en/Articles/Carbohydrate/What-you-need-to-know-about-high-fructose-corn-syr. aspx http://www. livestrong. com/article/339628-nutritional-benefit-of-high-fructose-corn-syrup/ How to cite High Fructose Corn Syrup, Papers High Fructose Corn Syrup Free Essays High Fructose Corn Syrup: Friend or Enemy We eat every day, rarely thinking about what’s going into our bodies. Take soda, for example, when was the last time you read the label before taking a sip? For me, it is never. One of the first ingredients listed on the can is HFCS or high fructose corn syrup. We will write a custom essay sample on High Fructose Corn Syrup or any similar topic only for you Order Now This ingredient is a secret additive to many products in today’s market. High Fructose Corn Syrup is one of the cheapest to make and hardest to get rid of in the body. Since its introduction to food products in the 70’s it has slowly been added to most foods, even ketchup. More and more scientists are trying to find links between HFCS and several major health problems; such as diabetes and obesity. Although a major link has not been definitely determined to date, minor links have been proven such as such as the amounts that can be consumed before harm can be determined. Even though some minor associations have been made the FDA still considers HFCS to be safe for consumption. The reason for this is because HFCS is not considered an artificial ingredient. The rule considered is as long as a product has no signs of a chemical added it cannot be labeled an â€Å"artificial ingredient†. In researching the origin of High Fructose Corn Syrup I found out that mercury was found in the product. Even with this new information, the FDA still allows this product to be used in 94% of the foods we consume every day. Why would you need to put HFCS in baby formula? In places like England and France they have practically banned HFCS and made it difficult to use in the entire country. The European Union has a deal with the Sugar Refiners to only use natural cane and beet sugars. High Fructose or Syrup as you now knows are any almost everything we eat and drink. But what you don’t know is what it is really doing inside your body. High Fructose Corn Syrup started being mass produced in 1982. It was around that time that researchers noticed an increase in children developing type II diabetes. Obesity around the country has soared. Type 2 diabetes is related to the body’s inability to effectively use the insulin that is produced by the pancreas. This is thought to be directly related to weight. It has been proven that HFCS also cause heart problems. This is also thought to be weight related. Despite all the recent attempts to try and prove HFCS unhealthy effects, the Corn Refiners Association has come out with campaigns in High Fructose Corn Syrup’s defense. They state the HFCS are not bad and are ok when eaten in moderation. There is no such thing as moderation when it is found in 94 % of the food. While more cons can be found than pros for HFCS; the Corn RefinersAssociation stands behind their product. In fact all the pros I found came from the CRA. The only truth I found was that it is cheaper to produce. Their website has no real information; and in fact called what many to believe to be truths myths. Although the Corn Refiners Association proved to be pointless my endless goggle search did take me too many blogs and organizations which I found to be very informative. Even though the bloggers were only expressing their opinion, many found HFCS to be repulsive. Many of the organizations say they are 20 xs bad for your health. The most informative was HighFructoseCornSyrup. com they are a group of bloggers that I agree with. Each of their articles deal with HFCS in the media and how it is affecting us as a society. After reading all this information and making my way through my research, I began to question what I was eating. Is this slurpee chockfull of HFCS? Of course, just look at how sweet it is. Is my burger only good because that ketchup it’s covered with is full of â€Å"sugar†, I mean high fructose corn syrup? Maybe I’m just losing it because I didn’t want to believe what I had been hearing for years was true. Is my weight gain because I eat too much or is it the Additive that is in so many of the foods I eat that caused the weight gain in the first place? Hmm! Although it has been on the market for about 35 years most thought their weight gain was cased only by a lack of exercise. With obesity at epidemic proportions many are starting to question is it something in the food too? How to cite High Fructose Corn Syrup, Papers

Internet Cafe or Cyber Cafe free essay sample

An internet cafe or cybercafe is a place which provides internet access to the public, usually for a fee. These businesses usually provide snacks and drinks, hence the cafe in the name. The fee for using a computer is usually charged as a time-based rate. Cyberia: one of the worlds first Internet cafes, London, 1994 The internet cafe phenomenon was started in July 1991 by Wayne Gregori in San Francisco when he began SFnet Coffeehouse Network. To be able to determine the demand and supply of the proposed business in the market. To be able to promote the most appropriate method for the management in operating the business To be able to acquire the computer system that will meet the expectations and needs of the computer users To be able to prove that the proposed business will provide benefits to people as well as to the government. Constructing a business is not an easy task to do. We will write a custom essay sample on Internet Cafe or Cyber Cafe or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There are a lot of factors to be considered as well as the step to be followed. Therefore, this study will be a great help to the society specifically to those where interests lies in the computer area. Furthermore, this will serve as a reference for future studies for those students who wish to conduct a paper which is similar to such topic. For the researchers, this paper can enlighten their thinking with regards to the reality of life especially as we walk towards the path of the business world. Also aside form being informative this research will encourage the readers to stay abreast to the various developments in the internet which is after all is considered as the world’s largest library of information on-line. CHAPTER 2 CHAPTER 3 METHODOLOGY : MARKET ASPECT : The Internet-services side of the business is rapidly being accepted by the local communities. Students love to gather for late-night sessions, nearby seniors are getting a glimpse of what the Internet offers, and local business people enjoy stopping by for a quick bite to eat while checking their emails. Because of this, demand for internet service has grown tremendously. TECHNICHAL ASPECT : Gaddy’s internet cafe is a place where one can use a computer with Internetaccess, most for a fee, usually per hour or minute; it also provides other services like printing, CD/DVD burning and photocopying. It may serve as a regular cafe as well, with food and drinks being served.