Read the article and answer these questions

1. What is Utilitarianism

2. Why did Bentham decide to not practice law? What did he do instead?

3. Why did Bentham have his remains placed in a public location

4. What other reforms did bentham propose within his lifetime?

5. What are the three guiding principles of Utilitarianism

Checkpoint 1

How was Georgetown or Berry Farms gentrified?

Step 1: In the space provided, explain the concept of gentrification IN YOUR OWN WORDS. Include an example of where you can see gentrification happening in today’s DC.

Step 1 Response

Gentrification is

Step 2: Complete the graphic organizer below after reading the article. You will use it to record quotes or facts from the article that demonstrate causes of this neighborhood’s gentrification.

Name of Neighborhood: ____________________________

Cause

(Summarize in your own words)

Evidence from article

(Direct quote from text)

DCHA moving existing residents out to fix up the Farms.

DC has plans to demolish and rehab existing units in Barry Farms.

Step 3: Write a paragraph in response to the question, “How was ____________ gentrified?”. Make sure to include a thesis statement, 2-3 pieces of evidence from the article, and explanation of evidence within your response.

Step 3 Response

Step 1: Your Personal Definition of Revitalization

Revitalization is when . . .

Step 2: Look at the slide show. Choose two different areas of revitalization.  Take notes that answer the questions

Characteristic of Revitalization:

What was changed in the neighborhood that made it better?

Who was in charge of this project, the local government or private companies?

Who benefits from the change?

What is the effect on the community of this project?

Characteristic of Revitalization:

What was changed in the neighborhood that made it better?

Who was in charge of this project, the local government or private companies?

Who benefits from the change?

What is the effect on the community of this project?

Checkpoint 1

How was Georgetown or Berry Farms gentrified?

Step 1: In the space provided, explain the concept of gentrification IN YOUR OWN WORDS. Include an example of where you can see gentrification happening in today’s DC.

Step 1 Response

Gentrification is

Step 2: Complete the graphic organizer below after reading the article. You will use it to record quotes or facts from the article that demonstrate causes of this neighborhood’s gentrification.

Name of Neighborhood: ____________________________

Cause

(Summarize in your own words)

Evidence from article

(Direct quote from text)

DCHA moving existing residents out to fix up the Farms.

DC has plans to demolish and rehab existing units in Barry Farms.

Step 3: Write a paragraph in response to the question, “How was ____________ gentrified?”. Make sure to include a thesis statement, 2-3 pieces of evidence from the article, and explanation of evidence within your response.

Step 3 Response

Step 1: Your Personal Definition of Revitalization

Revitalization is when . . .

Step 2: Look at the slide show. Choose two different areas of revitalization.  Take notes that answer the questions

Characteristic of Revitalization:

What was changed in the neighborhood that made it better?

Who was in charge of this project, the local government or private companies?

Who benefits from the change?

What is the effect on the community of this project?

Characteristic of Revitalization:

What was changed in the neighborhood that made it better?

Who was in charge of this project, the local government or private companies?

Who benefits from the change?

What is the effect on the community of this project?

Plastic Co Pte Ltd (‘Plastico’) is a Fiji company. The company has issued and paid up capital of $250,000 held in equal parts by two brothers. The company’s business involves making plastic products for the local market.

The brothers are planning to emigrate to New Zealand and wish to sell the company. An agreement in principle is reached for X to buy the company for $1 million. This is a cash sale.

Presume that you are wealthy and a longtime friend of X.

X comes to see you. She explains that she has in hand $800,000 (from her own savings and bank financing) and is short $200,000 to close the deal. X wants you to loan her $200,000. X has two specific proposals as follows.

Proposal One

Plastico is an old company. When founded it established its factory on the outskirts of Suva. Since that time Suva has grown and spread with the consequence that the land on which the factory stands is today much more valuable than when the factory was built. X has had the land valued at $300,000.

X has found alternative factory premises on the outskirts of modern Suva that would be suitable for the company. These premises are for sale for $100,000.

X proposes that you lend her $200,000 for four months only. X will acquire Plastico. The company’s new directors, X and her husband, will have Plastico sell its current factory and relocate to the premises already identified. The relocation will provide net cash of $200,000. Plastico will then pay a dividend of $200,000. X will use the distribution to repay your loan.

Proposal Two

X proposes that you lend her $200,000. This will be a longer term loan of say 6 years to be paid down incrementally over the life of the loan. Plastico will retain its present factory premises. As security for the loan, Plastico’s new directors, X and her husband, will have Plastico grant you a first mortgage over the current factory premises. Given the valuation placed on the premises the loan will be almost risk free.

Further details of both proposals provide an attractive return for you on the financing.

Required:
Consider each proposal separately and in turn.
Does the proposal offend any of the capital maintenance rules?

[Note ‘agreement in principle’ refers to a situation where two parties have agreed on all the terms of a deal (i.e. contract) but have not yet formally committed to the deal. In this story the parties (X and the two brothers) will only sign the contact document detailing the agreement when X has lined up the required cash of $1 million.]