Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
Hazards of alcoholism; it's impact in society or family are much discussed. Euphoric effects of alcohol has its flip sides too. Besides health hazards, it destroys family bondage, abets crimes but despite of all these drinking habits are ever increasing in Indian society. Elite, educated middle class , till recent past kept themselves afar from this evil now cherish this habit. In fact for some it has become a status symbol! Globalization for the past two decades provided impetus for the urge of spirits in true sense. What is least talked about is workplace hazard related to alcoholism. Here I cite some examples , through the real identities are concealed but they are facts. Prof Asit Chakraborty , a renowned professor in the department of Physics in Calcutta University was suspended for three months. Surprised? The students were perplexed to find him over drunk in University campus! So Mr Vijay Rajade a jute technologist, who was asked to resign in Mumbai before five years as ...