WWE Stock Presentation :: essays research papers

World Wrestling Entertainment, INC Company Overview  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   World Wrestling Entertainment, INC. is an integrated media and entertainment company primarily engaged in the development, production and marketing of television programming, live events and the licensing and sale of consumer products featuring the WWE brand. WWE has been involved in the sports entertainment business for over twenty years and has developed wrestling into one of the most popular forms of entertainment. Economic drivers remain down from historical levels. In 2003, WWE created two separate major television programs, Raw and Smackdown!, each with it’s own story lines and talent. This was done to create two touring companies and increase the number of live events and provides the potential to increase to the contribution of the entertainment business. WWE just needs time to produce the intended marketplace results. The company consistently retains the merit of being the number one regularly scheduled program on cable TV with Raw on Monday nights on TNN, and Smackdown! Is the highest rated show on UPN. It airs on Thursdays. Revenues consist principally of attendance at live events, sale of television advertising time and sponsorships; domestic and international television rights fees, pay-per-view purchases and direct sale of merchandise. Stock for WWE can be purchased through any brokerage or online investing service. Minimums and fees will vary. Investors Choice Plan enables stockholders to purchase shares and reinvest the cash dividends paid on shares. For the past nine weeks stock prices for World Wrestling Entertainment, INC have fluctuated between a high of $14.40 at the end of April to a low of $11.52 towards the end of May. For the month of June stock prices fluctuated between $12.37 for a low and $13.45 for a high. Although stock prices are not as stable as the corporation had hoped, it expects operating profits to more than double from the prior year. WWE anticipates revenue of $375 million, compared with $374 million in the prior year. It expects operating income of $73 million, up from $27 million a year earlier. Net income should range between $44 million and $48 million, or 64 cents to 70 cents a share, compared with a net loss of $19 million, or 28 cents a share, a year earlier. I believe the corporation and management team of World Wrestling Entertainment, INC has done a lot for its fans. Not only does WWE provide live and televised entertainment, they also get involved in matters that are important in the lives of their fans.

Pakistan Textile Industry

Compiled By: Mirza Rohail B http://economicpakistan. wordpress. com/2008/02/06/textile-industry/ Historically, Pakistan’s textile industry and clothing sector has always been a major contributor to the foreign exchange earner and still contributes about 55% to the total export proceeds. The Economist reports that Pakistan is the 4th largest producer of cotton in the world and the 6th largest importer of raw cotton, the 3rd largest consumer of cotton, and the 1st largest exporter of cotton yarn. Over 1. 3 million farmers, out of total of 5 million are involved in cultivation of this crop. Textile exports in 1999 were $5. 2 billion and rose to become $10. 5 billion by 2007. Textile exports managed to increase at a very decent growth of 16% in 2006. In the period July 2007 – June 2008, textile exports were US$ 10. 62 Billion. Textile exports share in total export of Pakistan has declined from 67% in 1997 to 55% in 2008, as exports of other non-textile sectors grew. UN reports 102 countries import textile and apparel products and 104 countries export these products. Global trade in textile and apparel products account for an approximately $440 billion. Pakistan is bogged down in the 5% textile requirement of the world, by dedicating 62% of its GDP share for textile. An anti-dumping of 5. 8% has been imposed by the European Union, which has put Pakistan in a desperate position to match competitiveness posed by Bangladesh, India, China, Sri-Lanka and Vietnam. The top buyers of Pakistani textile goods are: USA, EU, Gulf region, UK, Hong Kong, Japan, Korea, Saudi Arabia, Italy, Turkey, Germany, Norway, France, Canada, Sweden, Australia, etc. Government vision 2005-2010 To overcome global competition, the Pakistani government in 2006 approved a â€Å"Technology-based Industrial vision and strategy for socio-economic† which called for technology up-gradation, human resource development, and establishment of a fully integrated chemical industry in the country. Investment Policy & Incentives for Vision 2005-2010:  · Whole of textile sector is included in list of value added industries.  · 5% custom duty on imported machinery if not manufactured locally.  · Tax relief: Initial Depreciation allowance (IDA) at 50% of machinery & equipment cost. Export plan 2006-13 seeks to increase textile and garment’s sector exports to $24. 36 billion. There is a need to engage young qualified generation as roving ambassadors of marketing caliber, diplomacy and professional approach. Pakistan commerce intelligence may chalk out plans to reach every region bloc with in-depth study of regional trade bloc. 2009-10 Performance The share of textile exports in total exports of the country shrunk to 55 percent so far in the current financial year from well above 60 percent in the past years. As the overall export volume remained stagnant in the first seven months of the current financial year, the shrinking share of textile goods in exports has been adversely impacting the export sector. During July-January 2009-10, total exports came to $10. 870 billion as against $10. 820 billion in the corresponding period of last year. In the months under review, textile export proceeds totalled to $5. 981 billion over $5. 849 billion in the same months of previous year. 2008-09 Performance According to data by Federal Bureau of Statistics, Textile exports during the first eight months of current financial registered negative growth of 5. 6% as against the exports recorded corresponding period of the last financial year. Exports during July-February (2008-09) totaled $ 6. 47 billion against the exports of $6. 85 billion recorded during July-February (2007-08). [Link] During the time under review, the highest negative growth of 51. 24 percent was recorded in the exports of yarn (other than cotton yarn) while exports of art, silk and synthetic textile were decreased by 23. 5 percent. Similarly, exports of cotton yarn declined by 15. 28 percent, cotton (carded or combed) by 13. 81 percent, knitwear by 2. 66 percent, bed wear by 10. 44 percent, tents, canvas and tarpaulin by 21. 18 percent, readymade garments by 12. 43 percent, made up articles by 0. 3 percent while the exports of other textile materials declined by 15. 28 percent during the period. However, the exports of raw cotton witnessed increase of 154. 5 percent during the time under review while exports of cotton cloth increase by 5. 57 percent and towels by 10. 02 percent. Textile Machinery Imports According to official statistics released by Federal Bureau of Statistics (FBS), country’s total textile machinery imports declined to $438. 270 million during the last fiscal year of 2008, over the import of $502. 898 million in fiscal year 2007, depicting a decrease of $64. 6 million in the fiscal year 2008. [Link] Imports of textile machinery in the month of June 2008 alone also indicated a decline of 22 percent, as compared to the month June 2007. In June 2008, the industrialists and textile manufacturers have imported textile machinery worth $32. 101 million as compared to $41. 7 million during the corresponding period fiscal year 2007, which depicted a decrease of $9 million only in June 2008. Industry – Spindles, Rotors and Looms In 1999-00: Units 443 and Spindles 8,477,000 and Rotors 149,780 and Looms 9944. In 2003-04: Units 456 and Spindles 9,590,000 and Rotors 146,640 and Looms 10,646. In 2005-06: Units 461 and Spindles 10,437,000 and Rotors 155,104 and Looms 8747. In 2006-07: Mills 567 and Spindles 11,809,000 and Rotors —– and Looms 9000. The least developed sector is weaving which mostly comprises of smaller, fragmented and inefficient units. These units are called inefficient as they mostly use power looms, which are capable of producing narrower width fabric s and mostly use coarse counts of yarn. Therefore, the quality is much inferior to fabrics produced on shuttle-less looms. For decades, the government continued to charge import duty at fabulous rates on shuttle-less looms. Income from power looms was tax exempt but income of units using shuttle-less looms was taxable. The knitwear segment of Pakistan has always focused on achieving higher volume rather than concentrating on quality, price and terms of delivery. A spinning unit of 14,400 spindles employs around 100 persons. Global financial crisis As the economies in the US and Europe slow down, Pakistan’s key exports of textiles and leather products are experiencing a slowdown in growth as well. According to APTMA, textile exports have declined by about 20 percent in 2008. The industry is bracing for more trouble ahead with continuing crises of electricity and gas, international market access, global economic slow-down, and adverse travel advisories. Pakistan’s share of the US textile market is dropping. China tops the US market with a share of 36 per cent followed by Bangladesh 21 per cent, India 18 per cent, Morocco 19 per cent and Pakistan 13 per cent. South Korea has lost 20 per cent of the US market. In the European market, China tops again with a share of 29 per cent, Vietnam 28 per cent, India 19 per cent and Pakistan only 1. 5 per cent while the Philippines had lost 11 per cent of the market. WestPoint Stevens and Dan River were two American companies which were negotiating a $200 million deal with a Karachi-based textile group in Karachi. It has been put on halt. Setbacks for Pakistan Textile Industry  · Recently, the government has also abolished research and development (RandD) support program for the textile sector from July 1 2008. [Link]  · The Pakistani government had recently proposed to implement 18 percent Value Added Tax (VAT) on the textile sector in the upcoming budget. [Link]  · Decline in the machinery imports, is also due to the enhanced interest rates on loans, which have not been decreased by the new State Bank governor. Recent substantial hike in gas tariff also hurt the growth of the textile industry.

Tata Stimulation Game Essay - 1292 Words

The strategy simulation game is to provide insightful information with different scenarios which help in understanding the differences in different market structures of monopoly, oligopoly, monopolistic competition, and perfect competition. The overall goal of the simulation games is to maximize Quasar’s profits and be competitive by making decision on strategies in dynamic market conditions. Simply, the total revenue minus the total costs is the method to calculate a firm’s profit. However, the company also has to consider how the sales price will affect the demand. The simulation game shows that when the price is set too high, the demand will be low, vice versa. When the company set the price within the average total cost curve and†¦show more content†¦The second scenario is to determine how the production processes can affect the company profit. When the demand rises, I think that upgrading production process in machineries can improve the operation ef ficiency and effectiveness. Therefore, I choose to upgrade the production process and reset the price at $2200 which generates $2.21 profits with 9.4 million units in demand. Advertising is the most effective methods to increase sales and detailed planned marketing strategies can assist companies in reviewing their existing position with foresight long term competitive advantages (Dibb, 2002). Long-term brand value creation through advertising has positive effect on brand choice because â€Å"advertising is used to inform consumers about features and benefits, to strategically position a brand and to build awareness† (Jedidi, Mela, Gupta, 1999; Low Mohr, 2000, p.3). This reflects that the simulation game’s demand changes according to the advertising investment made. If the advertising budget is reduced, the demand shows reduction too. Advertising acts as a communications platform that educate customers about the company and the products which generate more sales (Kotler Keller, 2009). Upgrading production process can be done in two ways. One way is through upgrading existing tangible resources such as equipment and supplies, and the other way is to upgrading through intangible resources such asShow MoreRelatedAutomobile Safety : A Biggest Threat For Law Makers All Over The Globe997 Words   |  4 Pagesconcern for law makers all over the globe. Laws and regulations in the automobile markets have affected Tata Motors Limited operations on the local or global stages. Employment laws have seen the number of employees in the company grow increasing productivity and increase in revenue. †¢ Environmental factors– Automobile sector is seen as the biggest culprit damaging the environment. 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For example there are games, such as ‘Second Life’ (a virtual imaginary world similar to the real world) that may lead to the user’s strong addiction to it and there is a high probability of the user cutting himself/herself off from the real society. ‘The overpowering stimulation and excitement that Virtual Reality produces can lull the imagination and numb sympathetic feelings for pain and suffering’Read MoreSexual Abuse And Its Effects On Children Essay3457 Words   |  14 PagesChild sexual abuse is any interaction between a child and an adult (or another child) in which the child is used for the sexual sti mulation of the perpetrator or an observer. According to the Indian law, anybody below the age of 18 years is defined as a child. Child sexual abuse has long remained a topic of taboo, until recently where people have shown openness to be aware of its prevalence and its effects on children. 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He began school this year and there has been a vast improvement in his language capabilities. He now has a vocabulary of over 1000 words. He uses prepositions; he can understand certain conjugations of verbs like the ‘ing’ ending. He often plays

Should University Curriculum Be Modified So That...

5.0 Recommendations Concerning first research question, the study recommends that university curriculum should be modified so that assessment of students’ performance should take into account both academic abilities and the work done for the learning institution and community. This will enhance the cognitive, affective and psychomotor skills. In the same spirit, university management should move towards applying outcome-based education (OBE) in handling teaching and learning instructions at university education. This will adequately prepares graduates with values and skills to face challenges in life and at work places in the 21st Century. With regard to the second research question, the study recommends that in order to achieve the wholesome university education as enshrined in Nyerere’s philosophy of education, 8-4-4 curriculum has to be in line with its original intended objectives as spelt in the Mackay report and the contemporary requirements of the country. Instructional strategies should be diversified and be more practical oriented to allow the learners operationalize their efforts in and out of university. In general, in the effort of producing first class graduates with wholesome quality, characteristics and aptitudes in the universities, there is need to also consider assessment procedure and approaches that are truly valid and reliable to measure the learning outcomes of the students. The aim of the producing first class graduates must be proportionate to firstShow MoreRelatedInstructional Technology Specialist For Cedarburg School District1603 Words   |  7 PagesCurriculum development refers to a process of critical questioning used in framing the activities of teaching and learning in schools. The process of developing a curriculum translates broader statements of intent in actual plans and actions. 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They’ve been instituted for years and no one seemed to have a problem before now. Well, in the past decade, the nation’s citizens have become increasingly compassionate towards students and their individual needs. President George W. Bush has gotten generous praise for his No Child Left Behind Act of 2002 as a result of popular concerns among communities across the country. While the act may

How Risk Disclosures Are Used by Investors to Make Decisions

This paper uses research articles to provide evidence that risk disclosures are used by investors to make decisions, furthermore how the risk disclosures compare to other factors in influencing an investor to make a decision. The language of the disclosures is used to make a connection on how investors can use litigation to get a return on their investment through legal means if the investor feels that the disclosures were improper. In the article â€Å"Textual risk disclosures and investors risk perceptions† by Kravet and Mushu (2011), the authors provided evidence that textual risk disclosures in annual reports corresponds with a similar amount of increase or decrease in the stock price and increased volatility in the volumes traded in the market, these disclosures are a mean for the managers to send signals about future firm performance to the investors who can then use the information to make a rational decision. The authors research 4315 firms between the years 1994 and 2007 leading to a sample of 28,110 observations for their article. The authors test how the investors and analyst’s behavior changes during the two months before and after the filings of the 10 – K reports the authors collect their data from. The test is conducted by linking the various test variables such as changes in stock returns, changes in volume traded by linking them amongst other variables to changes in managem ents forecasts, changes in risk disclosures, changes in sales, changes in institutionalShow MoreRelatedQuestions On Financial Reporting Disclosures1477 Words   |  6 Pagesabout financial reporting disclosures in 2013 to solve current disclosure overload problem. This report will mainly argue against recommendation four. 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Some of these rules include: Deposit insurance Securities regulation Federal regulation of banks In conclusion, it can be seen that investor protection started in the 30s and made financial markets saver for

Methadone Maintenance Treatment Free Essays

Methadone Maintenance Treatment (MMT) has been in place for over 30 years.   Initially used as an analgesic before the Second World War, it was used to rectify the heroine epidemic in the post-World War II era.   At present, MMT is used as a harm-reduction strategy – a tool to help withdrawing heroine addicts, reduce crime and deaths associated with opiate use and to reduce incidences of HIV/AIDS that results from heroin injection and needle use. We will write a custom essay sample on Methadone Maintenance Treatment or any similar topic only for you Order Now    There is still however a controversy surrounding the treatment basically because of the misconception associated with MMT.   Health officials believe that MMT should be kept in a short duration as possible while researchers contend that higher doses and longer treatment duration may lead to lower cases of relapse. Heroin addiction is a persistent problem in the United States especially in New York City where heroin abuse, replacing opium smoking, started in the early 20th century (Frank, 2000).   The post-World War II era saw an epidemic rise in the number of heroin addicts such that between 1950 and 1961, heroin injection became one of the leading causes of death among young adults in New York City (Joseph, Stancliff Langrod, 2000).   The average age of heroin-related deaths was 29 years old, both for men and women. Initially used as an analgesic in Germany before the Second World War, methadone was considered as an answer to the prevalence of the illicit drug and the consequent criminal offenses and deaths associated with its use.   This started in 1949 when Isbell and Vogel demonstrated methadone to be effective in helping addicts withdraw from heroin (Joseph et. al, 2000).   In 1964, methadone maintenance treatment (MMT) was launched as a research program in Rockefeller Institute under the direction of Dr. Vincent P. Dole and Dr. Marie E. Nyswander. At present, methadone maintenance treatment is one of the common medications used to treat heroin and other opiate addiction.   Judging from the number of researches and assessments on MMT, it is evidently the drug abuse treatment that has received the most thorough evaluation and has been shown to be effective in reducing opioid use, HIV incidences, criminal activity and mortality (â€Å"Literature Review – Methadone Maintenance Treatment†, 2007).   Consequently, it has also been demonstrated to improve physical and mental health and a person’s ability to regain normal social functioning. Despite the staggering number of studies associated with MMT and the scientific data resulting from these studies showing that the treatment is an effective medication for withdrawing opiate addicts, controversies still surround the treatment.   There seem to be  conflicting views between scientists/researchers and health officials as to how the treatment must be dispensed.   Aside from discussing those controversies, this paper will also: a) present methadone facts b) present the advantages and disadvantages of MMT and determine the people that can benefit from such a treatment; and c) assess whether MMT is an effective harm-reduction strategy. Methadone Facts Methadone, initially used as an analgesic, is a synthetic narcotic that has been used to treat opiate addiction for more than 3 decades (Office of National Drug Control Policy [ONDCP], 2000).   Heroin and opioid addicts feel the need to continually take in these substances because opiates occupy a receptor in the brain which sends a signal to the body when opiate levels are low.   Methadone works by â€Å"occupying† these receptor sites and consequently hinders the euphoria caused by heroin use, relieves the craving for opiate and reduces the withdrawal symptoms associated with abrupt cessation of opiate use (Centers for Disease Control and Prevention [CDC], 2002). Taken orally once a day, the effect of methadone can last from 24 to 36 hours. As with any medication, there is the risk of abuse and dependency.   In a controlled and supervised treatment, a former heroine addict may remain physically dependent on methadone but does not experience the highs and lows resulting from the increase and decrease of heroine in blood levels (ONDCP, 2000). A person on methadone treatment can therefore be integrated into the society and become a functional citizen. Who Benefits From MMT Methadone will only be effective for those recovering from opiate addiction and will have no effect for those who are taking other mood-altering substances apart from opiates  (Stimmel Kreek, 2000).   In the past, admission to MMT was limited only to applicants between the ages of 21 and 40 with a minimum of 4 years narcotic addiction.   Joseph, et. al. (2000) noticed that the admission criteria is much more liberal now as rehabilitation clinics now admit patients younger than 21 and older than 40. Because the link between heroin abuse and alcoholism has long been acknowledged, the New York State Office of Alcoholism and Substance Abuse Services (OASAS) changed its former rules of separating treatment for heroin addicts and alcoholics and instead ordered that Addiction Treatment Centers (ATCs) admit methadone patients into alcoholism rehabilitation programs and vice versa (Kipnis, Herron, Perez Joseph, 2001). Even pregnant women can be treated using methadone as long as the mother is closely monitored and has to be enrolled in a comprehensive program that not only includes MMT but also prenatal care, nutritional counseling and other medical services that the pregnant woman may need (Joseph, et. al, 2000).   Ward (1998) as cited in â€Å"Literature Review – Methadone Maintenance Treatment† (2207) asserted that nobody should be excluded from the treatment (in the context of heroin and opiate use) because no reliable criteria exist that has determined a group of people that will not respond to treatment. Key Issues in MMT The guiding principle of most rehabilitation centers is that an addict is â€Å"cured† if he is able to abstain from the use of an illicit drug.   Critics of MMT claim that the treatment is just a substitute for the stronger opiate (heroin) addiction.   This is viewed as the major disadvantage of MMT, especially by health officials.   Kipnis, et. al. (2001), Stimmel and Kreek (2000), Joseph, et. al. (2000) and a host of other researchers contend that there is a misconception and misunderstanding between health officials and researchers of MMT.   Even at present, there is a stigma associated with MMT because it still viewed as a physical dependence on a drug. This explains why most patients in rehabilitation clinics receive  insufficient doses which would lead to a likely relapse. A lot of health care officials believe that therapy using methadone has to be ceased as soon as possible.   Researchers disagree, arguing that there should not be a limit as to the duration of the treatment because patients may respond well to a short treatment while others may respond better to a longer treatment, possibly even a lifetime treatment.   Joseph et. al. (2000) also noted that higher doses lead to a higher treatment retention rate.   Even with increasing evidence pointing to the effectiveness of MMT as a therapy for heroin and opiate withdrawal, there is still only partial acceptance for the treatment by the public.   The media has also distorted the public’s view on MMT which resulted to a stigma associated to the treatment. MMT as a Harm-Reduction Strategy Drug Policy Alliance (2007) cited dozens of authors that supported MMT as a tool used to reduce crime, death and disease.   Researchers agree that methadone is the most effective treatment for heroin addiction.   Furthermore, methadone reduces criminal offenders because those who are in MMT are able to lead stable lives and can acquire legitimate employment. Cases of HIV and other diseases caused by needle-sharing are also reduced by the treatment.   Methadone treatment is also a point of contact between the patient and the health official and an opportunity for the patient to learn about the techniques to prevent HIV/AIDS, hepatitis and other diseases that may inflict drug users. MMT is also cost-effective, costing only $13 per day and is a better alternative than incarceration (ONDCP, 2000).   Kipnis, et. al. (2001) however believes that there must be an organizational overhaul in order for MMT to be more effective.   The staff of ATCs must lose their held principles that MMT does not work or that it is a form of addiction.   Discrimination for MMT patients must have no place in the 12-step rehabilitation programs and the public also needs to be educated of the proper and real function of MMT in the community. Conclusion MMT has been proven to be effective in more than 3 decades of its use.   Social factors however prevent it from being used properly.   Misconceptions that health officials have regarding the treatment, its use and the dosage to be dispensed lead to a great number of relapses.   Staff culture and beliefs have to be changed in order for methadone maintenance treatment to be fully accepted in the community and for its effectivity to be optimized. References Drug Policy Alliance (2007). Methadone Maintenance Treatment. Drug Policy Alliance. Retrieved September 1, 2007 from http://www.lindesmith.org/library/ research/methadone.cfm Frank. B. (2000). An Overview of Heroin Trends in New York City: Past, Present and Future. The Mount Sinai Journal of Medicine, 67 (5-6). Kipnis, S., Herron, A., Perez, J. Joseph, H. (2001 January). Integrating the Methadone Patient In the Traditional Addiction Inpatient Rehabilitation Program – Problems and Solutions [electronic version]. The Mount Sinai Journal of Medicine, 68 (1). Retrieved August 31, 2007 from http://www.mssm.edu/msjournal/68/PAGE28_32.pdf Joseph, H., Stancliff, S. Langrod J. (2000). Methadone Maintenance Treatment (MMT): A Review of Historical and Clinical Issues. The Mount Sinai Journal of Medicine, 67 (5). 347-364. Retrieved August 31, 2007 from http://www.mssm.edu/msjournal/67/page347_364.pdf Literature Review – Methadone Maintenance Treatment (2007). Health Canada. Retrieved August 31, 2007 from   http://www.hc-sc.gc.ca/hl-vs/pubs/adp-apd/methadone/policy-politique_e.html#adm Stimmel, B Kreek, M.J. (2000). Neurobiology of Addictive Behaviors and Its Relationship to Methadone Maintenance [electronic version]. The Mount Sinai Journal of Medicine, 67, (5-6). 375-380. Retrieved September 1, 2007 from http://www.mssm.edu/msjournal/67/page375_380.pdf U.S. Centers for Disease Control and Prevention [CDC] (2002 February). Methadone Maintenance Treatment. IDU HIV Prevention. Retrieved August 30, 2007 from http://www.cdc.gov/idu/facts/MethadoneFin.pdf          How to cite Methadone Maintenance Treatment, Essay examples

Three Strikes Law free essay sample

In this act, the statute of three strike sentencing provides a mandatory life imprisonment sentence for convicted felons that have been convicted in a federal court for a serious and/or violent felony and they commit two or more previous crimes that they are convicted of in federal and/or state court system in which at least one of the crimes is a serious and/or violent crime. These crimes can be but are not limited to murder, sex offenses, robbery, and kidnapping. The issue at hand is the question whether this act is really as effective as it is made out to be. Convicted felons are given two more chances to straighten up their acts and get their lives together to be able to live and reside in society. I believe that people who are convicted of a serious crime the first go-round should be punish by the same seriousness as the crime in which he or she committed. If they are giving a second chance to make become civilized and they commit another serious crime, then that should be an automatic life imprisonment sentence. I do not believe that they should be given a third chance. Once someone who commits a crime, they have the potential to commit the same or even more severe crime. It should not have to take the law and criminal justice system three chances to realize that a convicted felon is unfit to live along side with civilians. With this being said, this â€Å"three strike† sentencing should be abolished. This issue is very important because this sentence puts civilians back at risk of potential harm and threat by convicted felons, especially those who have convicted murder and/or sex crimes. Civilians should not have to continually be put back at risk by releasing dangerous convicted felons back into society because the system feels that they are capable of becoming civilized. This may be in some cases but certain not for all or even most. They should be stricter and set higher standards on how the system evaluates and establish such decisions, especially when it is society that will be affected mostly. These felons have previously committed serious crimes that had already altered the way of living amongst those people who were affected by the crimes they have committed. Giving them a second chance is one thing but to give them a third chance after the second chance fell through is completely ludicrous. The â€Å"three strike† sentencing should be abolished. Everyone may deserve a second chance but definitely not a third one. The â€Å"three strikes† sentencing law was originated in California. It was created in efforts to prevent offenders from becoming repeat offenders. (Kitchen, 2008). The three strikes sentencing states that when a person is convicted of three felonies, crimes in which a person can be sentenced to one or more years in prison, they will be sentenced to an automatic twenty-five to life sentence. (Messerli, 2006). There has been much criticism on this law and the effectiveness of it. It has mostly been condemned for applying a one-size-fit-all sentence to repeat offenders. But like any law, there are advantages and disadvantages. An advantage of the three strikes law is that it gives convicted felons a limited number of chances, normally three, in efforts to rehabilitate them to make them able to live in the civilized community. It gives those people who commit crimes the opportunity to change their ways of living and provide guidance to becoming a civilized person who abide by the laws that are set in the society. For instance, if a minor committed a crime considered to be a felony and is charged with such, this law could help him ways to stay out of trouble and prevent he or she from becoming a repeat offender. It is the second and third chances that are given to provide the turnaround for convicted felons to make the best out of life. Another advantage of the three strikes law is that it provides assistance to repair a defective justice system so convicted felons who choose to be repeat offenders will stay in prison. In today’s society, most crimes are committed by repeat offenders. (Kitchen, 2008). One possible reason this could be is that it is the way of life for most. The streets and committing crimes is all they know and have grown accustomed to. They commit crimes in hopes of never getting caught but they eventually they do. But even with this, they continue to commit crimes because that is what they know. Another possible reason could be that some repeat offenders commit crimes because they would rather be locked up behind bars then out in society. Some actually know that they are incapable of living civilized lives so they choose to commit crimes to be in a place where they are accepted for who they are. So because most crimes are committed by repeat offenders, this law was implemented as an instrument that the system can use to prevent such actions. It also helps with the reduction of liberal sentences, plea bargaining, and case backlogs. (Kitchen, 2009) Another advantage is that the law can efficiently discourage offenders who have already acquired two felonies from committing further acts. This is where the rehabilitation aspect falls into place. The three strikes law seems to assist with steering offenders away from committing further crimes because following the second conviction there may be a constant reminder of what will occur if the felon was to commit another criminal act; his or her freedom will be stripped and will receive a prison sentence of a mandatory twenty-five years, or worst, a life sentence. It’s the life sentence that may be the underlying reason that some actually become rehabilitated and stop committing crimes.