In Part 1 of this series, I introduced the notion that roughly half of all public transportation-related incidents are the result of a deliberate trade-off of passenger safety for some system or owner's benefit. The most common benefit is the service provider's operating a schedule that is too tight.
Title IX, the law that prohibits discrimination on the basis of gender in public education programs, is also relevant in application of professional standards within the context of private school sexual abuse and harassment and their response to alleged incidents. Every school that accepts federal funding for any program or service it provides must adhere to Title IX. Most public schools, including charter schools and specialized education service commissions, accept federal assistance and, therefore, must comply with Title IX. Compliance requirements include, among other things, the development of policies prohibiting sexual harassment and assault, prompt and thorough investigation of complaints, training of staff, and the assignment of a person who oversees implementation of the law.
Easements can benefit or burden a number of parties on or around certain tracts of land. Easements are common on most parcels of land. An easement can give one the right to use another person's land for a stated purpose. It can involve a general or specific portion of the property for various different uses. Many surveyors today do not thoroughly research properties and do not always show easements on their work that may be crucial to the rights associated with a parcel of land.
As reported by the local ABC affiliate, on August 3, 2016 a patron of the Travelodge Motel in Costa Mesa, CA was assaulted with a tire iron while confronting suspected thieves in the adjacent parking lot. Fortunately, the patron received only minor injuries and was treated at a local hospital. As can be seen in the reference articles below, confrontation of persons attempting property crimes has often resulted in physical harm or death to the victim. In matters in which I have provided consultation, these parking lot confrontations have resulted in a beating, a stabbing, and a shooting.
The forensic engineering assignment typically has a scope of work that begins with something to the effect of "determine the cause of the observed damage to the..." Often this includes an inspection and analysis to determine if the observed damage is related to a particular event. For example, an assignment might ask a forensics professional to determine if the hailstorm on June 1 caused functional hail-related damage to a roof. Or, it might ask to delineate the structural fire-related damage.
We recently conducted a Cost Segregation Study for an industrial property in California's Central Valley. Of the $8.2 million purchase price, the real estate appraisal allocated over $6.4 million of the purchase price to the building with an IRS depreciable life of 39 years and the rest to land (not depreciable).
This is Part 1 of a two-part article. This part discusses valuations of distressed debtor companies based on discounted cash flows and considers the impact of the date and stage of distress. Next month, Part 2 will describe how the financial analyst derives the cost of capital for a distressed debtor company.
We all know that statistics themselves don't lie, but the people who use statistics may intentionally or unintentionally do so. A Tweet late yesterday by Eric Holthaus (@EricHolthaus) was the most recent example to catch my eye. With the Atlantic Ocean region bustling with intense hurricanes at this time, it would be easy for some people to draw an incorrect conclusion from Holthaus' data (Fig. 1) - i.e., that intense hurricane activity is escalating. But that's not necessarily what is happening.
I have been a member of a premiere American Fraternity since 1966 when I was initiated into DKE at the University of Michigan. I have run the local alumni association, been the general partner on the chapter house, served on the International Board, Founded the Foundation, and ran the Fraternity for over 25 years. Inter-fraternally, I am a life member of the Fraternity Executives Association, led the inter-fraternal movement against the Northeastern Private Colleges attempt to co-edify the movement, and shepherded a freedom of association sense of Congress through both Houses of Congress. I am still an affiliate member of the North American Inter-Fraternity Conference and a nonprofit member of NASPA.
When a client voiced strong suspicions that her soon-to-be ex-husband was hiding assets, her attorney investigated the claim but found nothing amiss. However, he hired a forensic accounting expert to help ensure his client would receive an equitable share of the marital estate. The expert turned up a trunkload of hidden treasure - undeclared cash income and property "stashed" under the names of the husband's mother and siblings.