Premium Essay

October Day 1985

In: Business and Management

Submitted By schilafoe20
Words 888
Pages 4
On an October day in 1985, in Muskogee, Okla., Bill Bartmann--company founder, father, community leader--stood on the floor of his factory and wept. So did his 71 employees. Their final work shift complete, they filed past Bartmann to shake his hand, return his embrace, clap one another on the shoulder, and cry some more. "I've been through some deaths in the family, including my father's," Bartmann says quietly today, "but nothing was more traumatic than that afternoon. It was the most tearful, soul-wrenching experience of my life." Bill Bartmann's business had failed.
The demise of Hawkeye Pipe Services Inc ., a manufacturer of pipes for oil rigs, could not have been swifter. On July 25, OPEC's oil cartel all but crumbled. Prices dove as crude flooded the market, bringing drilling in Oklahoma to a near halt virtually overnight. For thriving Hawkeye Pipe, it was an unequivocal death sentence: July sales were $1 million, August sales were precisely zero. As Bartmann puts it, it was as if a hand had reached out from 10,000 miles away and turned off the faucet. He snaps his fingers: "It was just that quick."
And so, once the company's assets had been auctioned off at yard-sale prices, Bartmann found himself in that most dreaded of entrepreneurial circumstances: ensnared in his personal guarantees, more than $1 million in debt.
That's when the telephone calls started. Surly collection agents rang at all hours of the day and night, promising lawsuits, hurling insults, demanding money the family didn't have. Bartmann's 7-year-old daughter, Jessica, once fielded a call. "Your dad's not there, huh?" the voice growled. "Well, you tell that deadbeat if he doesn't pay his bill, we're going to repossess his car."
As the collectors appeared friends and business associates seemed to vanish. "It was like they were all made of smoke on a windy day," Bartmann says. "People who…...

Similar Documents

Premium Essay

October Sky

...October Sky Marion Eady The film October Sky (1999), directed by Joe Johnson is based on a true story of Homer Hickman ( a coal miners son) who is inspired to build a rocket after the Russian launch of the first artificial satellite (Sputnik) into orbit. The film definitely focuses on the course theme of being a social outcast. This is explored in the film through three people, John Hickman (Homers Father), the town of Coalwood and Mr.Turner (Homers principle). Firstly, John Hickman, father of Homer Hickman and a coal miner at the Coalwood mines in West Virginia, socially outcasts his son. Why? Because John doesn’t agree with his son building a rocket. This is explored through Homers father getting in multiple fights with his son. John called Homer many hurtful words for example a minis and a thief. John never wanted to go watch Homers rocket launch, he never agreed with anything that Homer wanted to do. Homer’s father wanted him to work in a coal mine not build rockets. Homer’s father is thrilled when Homer decides to go work in the coal mine after John gets hurt at work. Homer decides to quit school, quits making rockets and go into the coal mine. After John is out of the hospital and is able to go back to work, Homers mother want him to go back to school. Homer tells him mom that he’s not going back to school and John agrees with Homer. Although John is thrilled that Homer quit building rockets, the family is finally happy and everything is good, Homer......

Words: 956 - Pages: 4

Free Essay

Lord's Day Act

...Legislative Summary: Lord’s Day Act Lord’s Day Act Is a Territorial Act The Act exists because the Privy Council in England struck down all Canadian provincial Sunday closing laws, on the grounds that these constituted criminal legislation, which by the BNA belonged exclusively to the Federal government. A campaign, joined not only by Protestant churches but also the Roman Catholic hierarchy and the labour movement, was organized to persuade the Federal government to enact Lord's Day legislation (wrights, 1). The Act was passed in 1906. The act was set up to prohibit sport, entertainment, and almost all commerce on Sundays. The legislation impacted the citizens of Canada. It regulated what people could do on Sundays. It also affected the businesses of Canada that they could not make money 7 days a week. The legislation was changed on Apr 24, 1985 - The Supreme Court of Canada found that the Lord's Day Act was contrary to the freedom of religion guaranteed in the Charter of Rights. In the Yukon the Act still exists as stated in the REVISED STATUTES OF THE YUKON 2002 in Chapter 142. It is not enforced though in the Yukon. The intended results of the act were to give people a day of rest within the working week. It was influenced by the Churches in Canada. The influence came from their history from their original countries of origin like England. The indirect results of the act were that the non-religious people were not able to shop on Sunday’s. The result of the......

Words: 365 - Pages: 2

Free Essay

Driving W/Out a Dl in 1985

...“What Happened to the Monte-Carlo?” Ruth Grey ENC 1101 – Composition 1 February 10, 2010 What Happened to the Monte-Carlo? It was a sunny; warmth summer day, the sky was baby blue with the features of creamy white soft clouds. With the cool breeze blowing softly, the day was innocently inviting, so I went out for a ride. Father and dominant brothers were in the drive-way, worked strenuously on father’s broken red truck. “Oh shoot! What am I going to do now?” I silently questioned myself with one eyebrow slightly upwards. “How am I going to get to the Monte Carlo.?” I kept talking to myself as I tried to think of some tactic, to get pass father and brothers, to get to the monte carlo, parked on the street. “Where do you think, you’re going young lady?” My father asked as I was too focused on getting into the shining brown Monte Carlo. “Ahhhh! I’m getting Mama some ice cream.” The voice belonged to me as I hopped into the interior of the Monte carol and made my way to the store. That day, I was going north on Atlantic Ave in Long Beach, through a heavy street traffic. With music blasting as I yelled sang my lungs out, it was another typical short ride to the store. To ignore the fear of my father’s voice, when I cruised off the house, I went fast, too fast passing numerous cars, despite of the busy traffic as I drove down on Atlantic Ave towards my destination. One quick second, that’s all it takes for everything to go right or wrong. My dark brown eyes......

Words: 926 - Pages: 4

Free Essay

The 14th October Uprising

... The 14th October uprising The military domination of Thai politics, started soon after the 1932 revolution, but its consolidation of power came with the Sarit military coup in 1957. The economic development during the years of military dictatorship in the 1950s and 1960s took place in the context of a world economic boom and a localised economic boom created by the Korean and Vietnam wars. This economic growth had a profound impact on the nature of Thai society. Naturally the size of the working class increased as factories and businesses were developed. However, under the dictatorship trade union rights were suppressed and wages and conditions of employment were tightly controlled. By early 1973 the minimum daily wage, fixed at around 10 baht since the early 1950s, remained unchanged while commodity prices had risen by 50%. Illegal strikes had already occurred throughout the period of dictatorship, but strikes increased rapidly due to general economic discontent. The first nine months of 1973, before the 14th October, saw a total of 40 strikes, and a one-month strike at the Thai Steel Company resulted in victory due to a high level of solidarity from other workers. Economic development also resulted in a massive expansion of student numbers and an increased intake of students from working-class backgrounds. The building of the Ramkamhaeng Open University in 1969 was a significant factor here. Student numbers in higher education increased from 15,000 in......

Words: 2801 - Pages: 12

Premium Essay

October 1 Ism

...Current Economic Outlook Positive signs, but beware! Manufacturing is expanding at its fastest past in 2 ½ years, but will that translate into economic growth and new jobs? The unemployment rate is at its lowest since December 2008. Good news? Not really, the details to the latest payroll report are not pretty. Current Economic Outlook Positive signs, but beware! Manufacturing is expanding at its fastest past in 2 ½ years, but will that translate into economic growth and new jobs? The unemployment rate is at its lowest since December 2008. Good news? Not really, the details to the latest payroll report are not pretty. October 1 ISM Manufacturing Index What the ISM indicates Monitoring the ISM Manufacturing Index allows us to understand the current economic conditions. Financial Markets are extremely sensitive to this index. Stock markets should increase when the index increases because of higher corporate profits. In bond markets the opposite usually occurs, due to the sensitivity of potential inflation. ISM also measures the degree of change across manufacturing, and is an indicator of GDP Growth. Current vs Expected The ISM showed that its Manufacturing Index grew for the 52nd consecutive month as the PMI came in stronger than expected at 56.2% in September, versus a Bloomberg consensus estimate of 55.0%. That shows an increase from 55.7% in August and the fourth straight increase in the index. A reading above 50% indicates growth. MANUFACTURING AT......

Words: 1130 - Pages: 5

Free Essay

Day to Day Effects

...Extra Credit 1 Every day, every minute, in fact every second, we are interacting and building connections with everything we see and do. For this assignment, I want to focus on my encounter with Starbucks staff. I probably am one of the biggest Starbucks fanatic anyone will every encounter. I love the thrill of going to Starbucks, and anticipating and thinking about what my new Starbucks concoction will be. Reflecting upon my Starbucks experiences, I have come to a conclusion of whether we know it or not, our unintended communications turn into a relationships that we fail to see. To test my thinking and prove it valid, I went to the Starbucks that I have been going to for years now. Here goes my thoughts, “What do I order? What am I feeling today? What is the new drink that came out?”. As I walked in, I examined the same feeling of thrill and excitement that rushes upon me. As I wait in the long, almost endless lines at Starbucks, I especially examine other people’s orders and get inspired for my order. As the line lessens, I am finally able to reach upon my decision of my order. Instantly, the woman taking my order my order found me quit familiar and said, “hello, how’s your day today? Would you like chai latte or caramel macchiato?” and I found it surprising on how she knew exactly what I want. Reflecting upon the situation, I realize how going to Starbucks often, I run into the same people, the same staff and essentially built a relationship that we don’t realize.......

Words: 481 - Pages: 2

Premium Essay

A Day of Nothing and a Day of Activity

...A Day of Nothing and a Day of Activity From what I can recall, I did nothing of particular interest on February 8, so I shall elect to skip talking about it. To make up for the lack, I shall write an excruciatingly long entry for today. As is typical of an exchange student at Kansai Gaidai, I awoke only to begin my journey over to my Japanese class. In class, we played 'Who's Pen Is This?' in order to practice our previously learned grammar lesson. Next, we planned a pretend trip in order to practice another grammar lesson. Finally, we learned a new grammar point before departing. My next activity was to wait 40 minutes so that I could meat Saki and Chiaki again for lunch. This time, I brought my laptop along so that I could share photographs from back home. While waiting, I was joined by Wayne, a Chinese student who I had previously met, and Keisuke. At first, Keisuke swore that Wayne was a Japanese person, but after some effort to convince him otherwise, he believed that he was not. Come 11:30, I took my leave from the boys to join the girls in the cafeteria. Since it was rainy and drab awful outside today, Saki and Chiaki were waiting inside the cafeteria instead of the outside area where they usually wait. After getting food, we ate and talked some. Once finishing, we made our way to the CIE lounge so I could plug in my laptop and begin the show. A wise move plugging it in, I might add, as the presentation lasted about four hours. I began by showing pictures of my......

Words: 2395 - Pages: 10

Premium Essay

Billion Dollar Day - 1985 Review

...Analysing the video, we conclude that both those who work in the foreign exchange market or are mere speculators have to be constantly monitoring the price of currencies. These currency quotes in the international foreign exchange market can fluctuate according to economic, social environment, among others, 24 hours a day. Therefore, there are times when the currency can fluctuate within a wide margin in a short time and, depending on the variation, there is the risk of losses. In addition, such losses may be greater than the client's capital guarded in the company. In the video we found that the dealers were treated differently in each country, while in America they received commissons and could be fired, in England they did not run that risk but didn’t received commissons This need to be always focused on the market, even when everything seems to be quiet, and to be constantly analyzing the news to understand the trends that the currency will suffer is quite exhausting, this is probably way these dealers are aged between 20 and 35 years old. These dealers always have to a be at 100% to understand really well the market. For example a purchase of 20 million pounds can mean that somebody is wanting to buy English goods, as may also mean that somebody is trying to speculate that the pound will rise. It is therefore a world with many tricks where dealers help each other to keep a disguise and not devalue the currency they want to sell and where besides a lot of skill, a......

Words: 265 - Pages: 2

Free Essay

October Revolution - Cause and Consequence

...The October Revolution The Great October Socialist Revolution, known more commonly as the October Revolution or the Bolshevik Revolution, occurred in 1917 in Russia, and the revolt resulted in a leftist government coming to power. The uprising started in the then-capital city of St. Petrograd, now St. Petersburg, and spread nationwide. Headed by Vladimir Lenin of the Bolshevik party, the October Revolution was the first communist rebellion of the 20th century and was founded on the beliefs of Karl Marx. The events of the October Revolution helped lay the groundwork for Stalinism and the Cold War. The Stage Is Set The Bolshevik Revolution in Russia in 1917 was initiated by millions of people who would change the history of the world as we know it. When Czar Nicholas II dragged 11 million peasants into World War I, the Russian people became discouraged with their injuries and the loss of life they sustained. The country of Russia was in ruins, ripe for revolution. Provisional Government Established During a mass demonstration of women workers in February of 1917, the czar's officials called out the army to squelch the protesters. The women convinced the soldiers to put their guns away and help them in their cause. Czar Nicholas II was dethroned in Russia during this, the "February Revolution." The Provisional Government was formed to replace the void left by the deposed czar. This provisional government was made up of bankers, lawyers, industrialists, and capitalists. The...

Words: 1320 - Pages: 6

Free Essay

Day-to-Day Stress

...Day-to-Day Stress Omar R. Hameen GEN/200 May 17, 2011 Barbara Alston Day-to-Day Stress In the following paper I would like to talk about a problem that causes stress my daily life. I will describe how to gather information to help me solve this problem and where the information can be obtained. In this paper I will talk about my experiences and how I deal various forms of stressors at home and in social settings. Daily stress Stress is a term used by many, is severly misunderstood, and often used to describe a negative condition or emotional state. It is our biological way of dealing with sudden changes in our life. The biggest stressor for me is fatigue.   Most days, my morning starts around 10 a.m.   By 11 a.m., I’m hurrying to the store to grab an energy drink then back home to work on school assignments and apply for jobs online.   At 12 a.m. I start my “work day”, which typically requires cleaning, preparing my daughter for school, and taking care of any outside work that needs to be done.   I usually find myself leaving home at 5 p.m. and heading to pick up my daughter from daycare.   Whether we go to the park, play some type of sports in the yard, or go on a bike ride; I spend the next 3 hours running around behind my 4 year old daughter, using my last bit of stored energy. When our playtime is done we head inside to do her school work and other learning activities.   Spending family time is important, so usually its dinner and a movie until...

Words: 804 - Pages: 4

Premium Essay

1985 Science Technology Company

...Science Technology Company Science Technology Company 1985 President: Bill Watson CFO: Harry Finson Questions: 1. Are the 5-year forecasts useful, given uneven growth in sales, inventories and receivables, and earnings in the past? 2. What will be the impact of a resurgence of inflation, fueled by massive budget deficits, on STC? 3. Can the company finance the rapid sales growth that is anticipated? STC • Leading manufacturer of automated test equipment (ATE) • 31% market share on testers for printed circuit boards • Second largest in semiconductor test operation • Objective: To be the recognized international leader in providing integrated quality management systems to manufacturers of electronic devices and equipment. • Strategies: o Heavy spending on research and development o Spread cost of R&D across a large number of sales o Aggressively pursue major segments of semiconductor and electronics manufacturing industries in Europe, N. America, and the Pacific Factors that Increased Market Demand for ATE • Swift and dramatic technological breakthroughs (from 1975-1984) • High competition that required speed to move a design into manufacturing at low costs, which increased the demand for ATEs • Steady increase in labor rates that pushed electronics manufacturers to automate testing • In-house testing capacity made obsolete due to the increase in number and complexity of semiconductor components • Dramatic improvement in the testing technology......

Words: 310 - Pages: 2

Premium Essay

Day-to-Day

...Day-To-Day Life Time Management Lucretia Chadwick GEN/200 Robyann Musil August 8, 2011 In my day-to-day life, I would like to address and solve the problem that I face with time management. I have found that in the past time management has been a major issue, not only in my personal life but also academically and professional. I am starting a new school, have a job and have a family to take care of. I want to make an effort to give all my endeavors my all, in order to do this I would like to refine my time management skills. To develop time management skills I plan on researching a plan of action from the textbook. The information that I have found was in Chapter one. The textbook gives various steps to better time management such as setting goals for you. Goals are an important part of life, but it is even more important for my time management plan. I will be seeking steps that the book suggests for time management and determine which steps will be beneficial for particular part of my life that I will be evaluating. Not all the steps will be beneficial for me, but most will. I will determine which steps will be necessary to use, for example, how my personal life will affect my professional life or how my academic life may affect my personal life. I will begin to set goals for myself before determining a time management plan. I will set short term goals along with long term goals for the part of my life that I need to work on time management plan. I will start......

Words: 937 - Pages: 4

Premium Essay

Day-to Day

...In my day-to-day life, I would like to address and solve the problem that I face with time management. I have found that in the past time management has been a major issue, not only in my personal life but also academically and professional. I am starting a new school, have a job and have a family to take care of. I want to make an effort to give all my endeavors my all, in order to do this I would like to refine my time management skills. To develop time management skills I plan on researching a plan of action from the textbook. The information that I have found was in Chapter one. The textbook gives various steps to better time management such as setting goals for you. Goals are an important part of life, but it is even more important for my time management plan. I will be seeking steps that the book suggests for time management and determine which steps will be beneficial for particular part of my life that I will be evaluating. Not all the steps will be beneficial for me, but most will. I will determine which steps will be necessary to use, for example, how my personal life will affect my professional life or how my academic life may affect my personal life. I will begin to set goals for myself before determining a time management plan. I will set short term goals along with long term goals for the part of my life that I need to work on time management plan. I will start with my long term goals that have the largest scope and a longer timeline to achieve. The timeline......

Words: 922 - Pages: 4

Premium Essay

Columbus Day

...Native Americans and the Whites. As for Columbus Day, each year the Native Americans protest Columbus Day. The protest includes and demonstrates the history and the importance of examining and searching for the real and true facts beyond what has been printed in text books. These protest allow Native Americans to have further investigation and discussion by historians about the actual events that took place. I think we need to have a better understanding and meaning of the holiday Columbus Day and not just as “Americans” focusing on an opportunity store sale. I think that the mayor should most definitely support the Native American group. The Native Americans have suffered enough and personally everyone has their own story and life to tell but the simple fact that the history seems like it changes when it is passed in text books and more how do we know what to believe in anymore? Maybe the focus on Columbus Day should actually be switch to celebrating Native Americans culture and the birth of America. We have to learn to respect one another’s culture. Today’s Native Americans are asking that their cultural traditions be recognized as an expression of pluralist rather than assimilationist coexistence. We should take the Native Americans seriously and not judge or mistreat them because of what their so called pasted or history was like. Reference: Hall, D. (2011). Race & ethic relation: Native Americans. Retrieved October 4, 2011 from website,......

Words: 439 - Pages: 2

Free Essay

That Day

...Life Changing Experiences By: Olivia Son Growing up in the country you could always find me outside playing with my friends or relatives. We would literally go outside the moment we woke up and would not come back inside until bedtime. Between riding four-wheelers, jumping on trampolines, and having mud fights you never knew what we might me getting into that day. I had my share of bumps and bruises along the way but I would not have changed a single minute of it. We all grow up thinking that we are invincible until something happens in your life that changes all that. I remember that day as if it were yesterday. It was a hot summer day just like any other and I was your typical fourteen-year-old girl who wanted to spend all her free time hanging out with her boyfriend. This day was no different. I woke up that morning and of course could not wait to spend time with him. Therefore, I rushed through breakfast and did everything that my mom had asked me to do before he was allowed to come over. Finally, he was at my house and we were deciding what we might get into. It was so hot outside so we decided that we would go swimming and ride my four-wheeler. We figured we would going four-wheeler riding first that way if we got dirty we could just jump into the pool when we got back and wash off. So we changed into our swim suits and headed out. Looking back wearing only a swim suit and flip flops to go riding might not of been the best idea but it was something......

Words: 1191 - Pages: 5