The History of Chapstick and Carmex Popular Lip Balms

Dr. C. D. Fleet, a physician from Lynchburg, Virginia, invented Chapstick or lip balm in the early 1880s. Fleet made the first Chapstick himself that resembled a small wickless candle wrapped in tin foil. Chapstick and The Morton Manufacturing Corporation Fleet sold his recipe to fellow Lynchburg resident John Morton in 1912 for five dollars after failing to sell enough of the product to make it worth his continued efforts. John Morton along with his wife started production of the pink Chapstick in their kitchen. Mrs. Morton melted and mixed the ingredients and then used brass tubes to mold the sticks. The business was successful and the Morton Manufacturing Corporation was founded on the sales of Chapstick. A. H. Robbins Company In 1963, the A. H. Robbins Company bought the rights to Chapstick lip balm from Morton Manufacturing Corporation. At first, only Chapstick Lip Balm regular stick was available to consumers. Since 1963, a number of different flavors and types of Chapstick were added. 1971 - four Chapstick Lip Balm flavored sticks were added1981 - Chapstick Sunblock 15 was added1985 - Chapstick Petroleum was added The current manufacturer of Chapstick is the Wyeth Corporation. Chapstick is part of Wyeth Consumer Healthcare division. Alfred Woelbing and the History of Carmex Alfred Woelbing, the founder of Carma Lab Incorporated, invented Carmex in 1936. Carmex is a salve for chapped lips and cold sores; the ingredients in Carmex are menthol, camphor, alum, and wax. Alfred Woelbing suffered from cold sores and invented Carmex to find a solution to his own health issues. Carmexs name comes from the Carm from Woelbing labs name and ex was a very popular suffix at the time, which resulted in the name Carmex.

Daniel Websters Seventh of March Speech

As the United States struggled with the deeply divisive issue of slavery a decade before the Civil War, public attention in early 1850 was directed to Capitol Hill. And  Daniel Webster, widely regarded as the nations greatest orator, delivered one of the most controversial Senate speeches in history. Websters speech was widely anticipated and was a major news event. Crowds flocked to the Capitol and packed the galleries, and his words traveled quickly by telegraph to all regions of the country. Websters words, in what became famous as the Seventh of March Speech, provoked instant and extreme reactions. People who had admired him for years suddenly denounced him as a traitor. And those who had been suspicious of him for years praised him. The speech led to the Compromise of 1850 and helped to hold off open warfare over slavery. But it came at a cost to Websters popularity. Background of Websters Speech In 1850, the United States seemed to be splitting apart. Things seemed to be going well in some regards: the country had concluded the Mexican War, a hero of that war, Zachary Taylor, was in the White House, and newly acquired territories meant the country reached from the Atlantic to the Pacific. The nations nagging problem, of course, was slavery. There was a strong sentiment in the North against allowing slavery to spread to new territories and new states. In the South, that concept was deeply offensive. The dispute played out in the U.S. Senate. Three legends would be the major players:  Henry Clay of Kentucky would represent the West;  John C. Calhoun of South Carolina represented the South;  and Webster of Massachusetts would speak for the North. In early March, John C. Calhoun, too frail to speak for himself, had a colleague read a speech in which he denounced the North. Webster would respond. Websters Words In the days before Websters speech, rumors circulated that he would oppose any sort of compromise with the South. A New England newspaper, the Vermont Watchman and State Journal, published a dispatch credited to the Washington correspondent of a Philadelphia newspaper. After asserting that Webster would never compromise, the news item lavishly praised the speech Webster had not yet delivered: But Mr. Webster will make a powerful Union speech, one which will be a model of eloquence, and the memory of which will be cherished long after the orators bones shall have mingled with the kindred of his native soil. It will rival Washingtons farewell address, and be an admonition to both sections of the country to fulfill, through union, the great mission of the American people. On the afternoon of March 7, 1850, crowds struggled to get into the Capitol to hear what Webster would say.  In a packed Senate chamber, Webster rose to his feet and gave one of the most dramatic speeches of his long political career. I speak today for the preservation of the Union, Webster said near the beginning of his three-hour oration. The Seventh of March Speech  is now considered a classic example of American political oratory. But at the time it deeply offended many in the North. Webster endorsed one of the most hated provisions of the compromise bills in Congress, the Fugitive Slave Act of 1850. And for that, he would face withering criticism. Public Reaction On the day after Websters speech a leading newspaper in the North, the New York Tribune, published a brutal editorial. The speech, it said, was unworthy of its author. The Tribune asserted what many in the North felt. It was simply immoral to compromise with slave states to the extent of requiring citizens to become involved in capturing fugitive slaves: The position that Northern States and their Citizens are morally bound to recapture fugitive Slaves may be good for a lawyer, but is  not good for a Man. The provision is on the face of the Constitution. True, but that does not make it the duty of Mr. Webster nor any other human being, when a panting fugitive presents himself at  his door begging for shelter and the means of escape, to arrest and bind him and hand him over to the pursuers who are hot upon his trail. Near the end of the editorial, the Tribune stated: We cannot be converted into Slave-catchers, nor  can Slave-catchers operate freely among us. An abolitionist newspaper in Ohio, the Anti-Slavery Bugle, blasted Webster. Quoting the noted abolitionist William Lloyd Garrison, it referred to him as the Colossal Coward. Some northerners, especially business people who preferred tranquility between the regions of the nation, did welcome Websters appeal for compromise. The speech was printed in many newspapers and was even sold in pamphlet form. Weeks after the speech, the Vermont Watchman and State Journal, the newspaper which had predicted that Webster would deliver a classic speech, published what amounted to a scorecard of editorial reactions. It began: As to Mr. Websters speech: it has been better praised by his enemies and better condemned by his friends than any speech ever before made by any statesman of his standing. The Watchman and State Journal noted that some northern papers praised the speech, yet many denounced it. And in the South, the reactions were considerably more favorable. In the end, the Compromise of 1850, including the Fugitive Slave Act, became law. And the Union wouldnt split until a decade later when the slave states seceded.

How Climate Change Are Getting Worse, Is It Better For The...

Lessons 1 and 3 (750 words): Using both the Smith et al. (2009) article from Lesson 1 and the Repetto (2008) article from Lesson 3, answer the following question: if the impacts of climate change are getting worse, is it better for the United States to rely on reactive adaptation or on anticipatory adaptation? In your discussion, you must define both reactive and anticipatory adaptation. Support your answer with examples from course content, the readings, or other non-course scholarly sources. †¨ â€Å"Adaptation is defined by the IPCC as the adjustment in natural or human systems in response to actual or expected climatic stimuli or their effects that moderates harm or exploits beneficial opportunities. Various types of adaptation can be distinguished, including anticipatory and reactive adaptation, private and public adaptation, and autonomous and planned adaptation. † Reactive adaptation refers to adaptation that take place after impacts of climate change are observed. It is the immediate response to climate change. This type of adaptation is often used in recovery. Reactive adaptation is needed in disaster recovery, emergency respond and so on. Sometimes it is not the best response when the past knowledge doesn t match current environmental and socio-economic situations. However, people noticed that only reactive adaption is not efficient enough to deal with climate change, especially for irreversible damages such as ecosystems that cannot be recovered and extinctionShow MoreRelatedClimate Change Is The Biggest Human Induced Threat On The Environment784 Words   |  4 PagesClimate change is the biggest human induced threat on the environment; it threatens animal and human life, as well as the economy. After climate change was discovered in the early 1800’s, scientist immediately started research on ways global warming could be solved. 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The first main factor behind this issue is that theRead MoreThe Problem Of Global Warming1430 Words   |  6 PagesGlobal Warming in the United Stated Global warming is no longer just a prediction it is actually happening. It is undisputed that the average temperature at the surface of Earth has increased over the past century by 1 degree Fahrenheit, with both the air and the oceans warming. Since 1880, when people in many locations first began to keep temperature records, the 25 warmest years have all occurred within the last 28 years. The problem is that if we keep on hurting our own environment and ecosystemsRead MoreGlobal Warming: Fact or Fiction? Essay867 Words   |  4 Pageswarming does not exist. There is proven facts about global warning. â€Å"The major scientific agencies of the United States — including the National Aeronautics and Space Administration (NASA) and the National Oceanic and Atmospheric Administration (NOAA) — agree that climate change is occurring and that humans are contributing to it. In 2010, the National Research Council concluded that Climate change is occurring, is very likely caused by human activities, and poses significant risks for a broad rangeRead MorePolitics Is Blame For A Changing Climate1168 Words   |  5 PagesChanging Climate In the 1980’s, scientists discovered three important pieces of information that would shape American politics and the environment for years to come. The Earth was getting warmer, the warming was caused by human pollution to the air and sea, and future generations would suffer (Hansen). 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Student Expectations Of The Early College - 811 Words

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Food Report-Pakistan Free Essays

Also the times of these meals are different as breakfast or known in Pakistan as â€Å"Cherish† is eaten afore sunrise and dinner or â€Å"Fatal is after sunset. As people are fasting during the day, lunch does not exist. Breakfast Breakfast is one of the three most common meals of the day, in Pakistan (Udder) â€Å"Nashua† in their native name for breakfast. We will write a custom essay sample on Food Report-Pakistan or any similar topic only for you Order Now The most common food eaten in breakfast includes eggs either boiled, fried. In addition, the egg is complemented by a piece of bread. Although tradition bread is known as â€Å"root† that is eaten. Some other food accompanied by the already listed is butter on bread or other various pitas. In Canada, coffee is the beverage of preference in the morning, although in Pakistan, as they were formerly a rites colony, they adopted tea also known as â€Å"chaw† and this is their drink of choice. Lunch A traditional lunch in a Pakistani household is as follows: typically a type of meat inside of curry, some lunches include â€Å"Chicken Curry’ and â€Å"Beef Curry’. In addition, to add variety to the meal, some households enjoy rice with beef and potatoes or chili soup. Another common type of lunch in Pakistan is â€Å"Deal Chalk†. Although, family lunches are not very common as the breadwinners are usually at work and return home for dinner. Although lunch for breadwinners may vary as traditional food is not eaten at work, due to its cent and thus they either buy food or have sandwiches for lunch. As no attention is given to the five food groups, some people may lack the suggested serving of the food groups. Dinner unlike Canada, in which breakfast is considered to be the most important meal of the day, Pakistan differs as dinner is the most important meal as the entire family is gathered together and the quantity of the meal in greater. Furthermore, dinner is served late in comparison to Canada as the work hours are longer so families have dinner at around In addition, families usually have the most tasteful meal of the day. One of the cost common meals in a Pakistani household is Brain. This meal includes rice, spices and other various meats depending on the person’s choice. Desserts include sweets such as Gulag Jam or fruit platters. Family Relationships Family relations to food are known for to be very stereotypical in Pakistan as women are in charge of cooking the food while the men are the breadwinners. In Pakistan, the rate of employment of women low thus most breadwinners are men and the women are left to do housework. Also the food choices may be limited as children are eating the same type of food again and again and this limits their choices. As Pakistan has such a high poverty rate choices of food is limited thus children cannot acquire unique taste although individuals with a large amount of wealth proper. Economy The Pakistani economy consists of a large part of the food families consume. If food prices were to ever rise, some families would not be able to meet the budget to be able to purchase all the products needed to prepare a meal. Statistics show that an average income of Pakistani household averages around 79,1 58 RSI. ; which further shows that for a balanced diet an average Pakistani citizen needs about 1 1,454. 20 RSI. Average families consist of four members, which would require 45,816. 80 RSI. To purchase a sustainable amount of food for the family. How to cite Food Report-Pakistan, Essays

Corporate Accounting and Financial Development

Questions: 1. Does the group have any foreign currency transactions? Any foreign subsidiary companies How have they been accounted for in the financial statements? 2. Any other relevant matter that you may wish the board of directors to make note of in respect of some transaction or event, balance of account or disclosure that will assist them in understanding the financial statements of the group? Answers: 1. Foreign currency transactions As per the analysis of the annual report of Commonwealth Bank, it can be stated that the company is evolved with foreign currency transactions. Presently, income under head other comprehensive income has been accounted by the company as Foreign currency translation net of tax i.e. $ 383 million. The foreign operations of Group include transactions relating to subsidiaries, branches, joint venture and associate. The currency which is being reported varies in accordance with the main economy which has been exposed. Commonwealth Bank complies with the accounting methods provided in International Financial Reporting and Australian Accounting Standard. AASB 9 has been compiled by the company for recording and accounting of financial statements. Commonwealth Bank translates foreign currency transactions into functional currency by applying exchange rate available on the day when the transaction is done. Monetary assets and liabilities linked to the foreign currency transaction are translated into rate available at the reporting date (Akisik, 2013). Exchange difference arising from the translation of monetary item into spot rate from the rate at which they were recorded on transaction day are accounted in the Income statement (Annual report of Commonwealth Bank, 2016). Foreign subsidiary companies ASB Funding Ltd. is a foreign subsidiary (a New Zealand subsidiary) of the company. The company is evolved in banking operations. Another foreign subsidiary of the company is PT Bank Commonwealth incorporated in Indonesia. The extent of ownership in this company is 80%. Provisions of AASB 101 Presentation of Financial Statements and AASB10 Consolidation are being compiled for the purpose of accounting of consolidation transaction. Commonwealth Bank follows the policy of accounting subsidiaries at a cost reduced by impairment. The principals relating to taxation specified in AASB 112 Income Taxes has been compiled by the company for measuring and presenting deferred tax asset arising from subsidiaries. The foreign subsidiaries are presented below with extent of beneficial interest: Figure 1: Foreign Subsidiaries of Commonwealth Bank (Source: Annual report of Commonwealth Bank. 2016) 2. Other matters to be included to provide assistance in understanding financial statements: As per the analysis of the annual report of Commonwealth Bank, the company should provide detail and appropriate disclosure of accounting procedure adopted by it. The same will provide justification of the transactions operated and will increase the trust of stakeholders (Parker, 2013). In the present case, as management has determined that no control is accessed on AHL Holdings Pty Limited, hence the same has been accounted for joint venture using equity method. It can be concluded as per the analysis that prudent policies have been followed by the company, as the necessary information is presented in an appropriate manner in case of any change in the subsidiary. Furthermore, the directors should also provide information relating to future projects in detail manner so that the prospective benefits can be estimated by the investors (Yu and Wahid, 2014.). However, introduction regarding future projects has been made available i.e. blue sky projects (block chain and quantum computing), but no data regarding its benefits is made available by the management. The same is necessary for evaluating the future potential of the company as it has the same importance as present achievements. Commonwealth Bank will be able to provide appropriate and better presentation by adding above specified information in financial statements. The same will provide assistance to the users in understanding financial statements. References Books and Journals Akisik, O., 2013. Accounting regulation, financial development, and economic growth. Emerging Markets Finance and Trade. 49(1). Pp.33-67. Parker, R.H., 2013. Accounting in Australia (RLE Accounting): Historical Essays (Vol. 58). Routledge. Yu, G. and Wahid, A.S., 2014. Accounting standards and international portfolio holdings. The Accounting Review. 89(5). Pp.1895-1930. Online Annual report of Commonwealth Bank. 2016. [PDF]. Available through https://www.commbank.com.au/content/dam/commbank/about-us/shareholders/pdfs/2016 . [Accessed on 20th January 2016].