1.
Privately held company
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More ambiguous terms for a privately held company are unquoted company and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the worlds economy. In 2008, the 441 largest private companies in the United States accounted for US$1,800,000,000,000 in revenues and employed 6.2 million people, according to Forbes. In 2004, the Forbes count of privately held U. S. businesses with at least $1 billion in revenue was 305, cargill, Koch Industries, Bechtel, Publix, Pilot Corp. Deloitte Touche Tohmatsu, Hearst Corporation, Cox Enterprises, S. C, johnson, McWane, Carlson Companies, and Mars are among the largest privately held companies in the United States. In the broadest sense, the private corporation refers to any business not owned by the state. This usage is found in former communist countries to differentiate from former state-owned enterprises. In the United States, the privately held company is more often used to describe for-profit enterprises whose shares are not traded on the stock market. In countries with public trading markets, a privately held business is taken to mean one whose ownership shares or interests are not publicly traded. Often, privately held companies are owned by the company founders and/or their families, sometimes employees also hold shares of private companies. Most small businesses are privately held, Private companies may be called corporations, limited companies, limited liability companies, unlimited companies, or other names, depending on where and how they are organized and structured. In the United States, but not generally in the United Kingdom, privately held companies generally have fewer or less comprehensive reporting requirements and obligations for transparency, via annual reports, etc. than publicly traded companies do. For example, in the United States, unlike in Europe, in addition, private company executives may steer their ships without shareholder approval, allowing them to take significant action without delays. There is a requirement for large proprietary companies, which are required to lodge Form 388H to the ASIC containing their financial report. In the United States, private companies are held to different accounting auditing standards than are public companies, other companies, like Sageworks, provide aggregated data on privately held companies, segmented by industry code. Privately held companies also sometimes have restrictions on how many shareholders they may have, for example, the U. S. Securities Exchange Act of 1934, section 12, limits a privately held company, generally, to fewer than 2000 shareholders, and the U. S. Investment Company Act of 1940, requires registration of investment companies that have more than 100 holders, in Australia, section 113 of the Corporations Act 2001 limits a privately held company to fifty non-employee shareholders. Private enterprises comprise the sector of an economy
2.
Dayton, Ohio
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Dayton is the sixth-largest city in the U. S. state of Ohio and is the county seat of Montgomery County. A small portion of the city extends into Greene County, the Dayton-Springfield-Greenville Combined Statistical Area had a population of 1,080,044 in 2010, making it the 43rd-largest in the United States. Dayton is within Ohios Miami Valley region, just north of the Cincinnati–Northern Kentucky metropolitan area, Dayton also hosts significant research and development in fields like industrial, aeronautical, and astronautical engineering that have led to many technological innovations. Much of this innovation is due in part to Wright-Patterson Air Force Base, with the decline of heavy manufacturing, Daytons businesses have diversified into a service economy that includes insurance and legal sectors as well as healthcare and government sectors. Other than defense and aerospace, healthcare accounts for much of the Dayton areas economy, hospitals in the Greater Dayton area have an estimated combined employment of nearly 32,000 and a yearly economic impact of $6.8 billion. It is estimated that Premier Health Partners, a network, contributes more than $2 billion a year to the region through operating, employment. In 2011, Dayton was rated the No.3 city in the out of the top 50 cities in the United States by HealthGrades for excellence in health care. Many hospitals in the Dayton area are consistently ranked by Forbes, U. S. News & World Report, and HealthGrades for clinical excellence. Dayton is also noted for its association with aviation, the city is home to the National Museum of the United States Air Force and is the birthplace of Orville Wright, other well-known individuals born in the city include poet Paul Laurence Dunbar and entrepreneur John H. Patterson. Dayton is also known for its patents, inventions, and inventors that have come from the area. In 2008,2009, and 2010, Site Selection magazine ranked Dayton the No.1 mid-sized metropolitan area in the nation for economic development, also in 2010, Dayton was named one of the best places in the United States for college graduates to find a job. Dayton was founded on April 1,1796, by 12 settlers known as The Thompson Party and they traveled in March from Cincinnati up the Great Miami River by pirogue and landed at what is now St. Clair Street, where they found two small camps of Native Americans. Among them was Benjamin Van Cleve, whose memoirs provide insights into the Ohio Valleys history, two other groups traveling overland arrived several days later. In 1797, Daniel C. Cooper laid out Mad River Road, Ohio was admitted into the Union in 1803, and the city of Dayton was incorporated in 1805. The city was named after Jonathan Dayton, a captain in the American Revolutionary War who signed the U. S, constitution and owned a significant amount of land in the area. Historically, Dayton has been the home for many patents and inventions since the 1870s, according to the National Park Service, citing information from the U. S. Patent Office, Dayton had granted more patents per capita than any other U. S. city in 1890, the Wright brothers, inventors of the airplane, and Charles F. Kettering, world-renowned for his numerous inventions, hailed from Dayton. Paul Laurence Dunbar – a famous African-American poet and novelist – penned his most famous works in the late 19th century, innovation led to business growth in the region
3.
James M. Cox
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James Middleton Cox was the 46th and 48th Governor of Ohio, U. S. Representative from Ohio and Democratic candidate for President of the United States in the election of 1920 and he founded the chain of newspapers that continues today as Cox Enterprises, a media conglomerate. Cox was born on a farm near the tiny Butler County, Ohio, village of Jacksonburg and he was educated in a one-room school until the age sixteen. After his parents divorced, he moved with his mother in 1886 to Middletown, Ohio, in 1892 he received a job at the Cincinnati Enquirer as a copy reader on the telegraph desk, and later started to report on spot news including the railroad news. He also confronted John H. Patterson, president of Daytons National Cash Register Co. revealing facts of antitrust violations, in 1905, foretelling his future media conglomerate, Cox acquired the Springfield Press-Republic published in Springfield, Ohio, and renamed it, the Springfield Daily News. In 1908, he ran for Congress as a Democrat and was elected, Cox represented Ohio in the United States House of Representatives in 1909–1913, resigning after winning election as Governor of Ohio in a three-way race gaining 41. 5% of the vote. Cox served three terms as Governor of Ohio, first, in 1913–1915 and then in 1917–1921 and he presided over a wide range of measures such as laying the foundation of Ohios unified highway system, creating no fault workers compensation system and restricting child labor. He introduced direct primaries and municipal home rule, started educational and prison reforms, during World War I, Cox encouraged voluntary cooperation between business, labor, and government bodies. In 1918, he welcomed constitutional amendments for Prohibition and woman suffrage, Cox supported the internationalist policies of Woodrow Wilson and reluctantly supported US entry into the League of Nations. Cox claimed that teaching German was a menace to Americanism. To fight unemployment and inflation, he suggested simultaneously lower income and he promised to introduce national collective bargaining legislation and pledged his support to the Volstead Act. Cox spoke in support of Americanization to increase loyalty to the United States among immigrant population, despite all efforts, Cox was defeated in the 1920 presidential election by a fellow Ohioan and newspaperman, U. S. Senator Warren G. Harding of Marion, the public had grown weary of the turmoil of the Wilson years, and eagerly accepted Hardings call for a return to normalcy. Coxs running mate was future president, then-Assistant Secretary of the Navy Franklin D. Roosevelt, one of the better known analyses of the 1920 election is in Irving Stones book about defeated presidential candidates, They Also Ran. However, Cox would outlive all three men by several years, during the campaign, Cox several times recorded for The Nations Forum, a record label that made voice recordings of American political and civic leaders in 1918-1920. After stepping down from public service, he concentrated on building a media conglomerate. In 1923 he acquired the Miami Daily News and the Canton Daily News, in December 1939, he purchased the Atlanta Georgian and Journal, just a week before that city hosted the premiere of Gone with the Wind. This deal included radio station WSB, which joined his previous holdings, WHIO in Dayton and WIOD in Miami, to give him, air from the Great Lakes on the north to Latin America on the south
4.
Atlanta
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Atlanta is the capital of and the most populous city in the U. S. state of Georgia, with an estimated 2015 population of 463,878. Atlanta is the cultural and economic center of the Atlanta metropolitan area, home to 5,710,795 people, Atlanta is the county seat of Fulton County, and a small portion of the city extends eastward into DeKalb County. In 1837, Atlanta was founded at the intersection of two lines, and the city rose from the ashes of the American Civil War to become a national center of commerce. Atlantas economy is considered diverse, with dominant sectors that include logistics, professional and business services, media operations, Atlanta has topographic features that include rolling hills and dense tree coverage. Revitalization of Atlantas neighborhoods, initially spurred by the 1996 Olympics in Atlanta, has intensified in the 21st century, altering the demographics, politics. Prior to the arrival of European settlers in north Georgia, Creek Indians inhabited the area, standing Peachtree, a Creek village located where Peachtree Creek flows into the Chattahoochee River, was the closest Indian settlement to what is now Atlanta. As part of the removal of Native Americans from northern Georgia from 1802 to 1825, the Creek ceded the area in 1821. In 1836, the Georgia General Assembly voted to build the Western, the initial route was to run southward from Chattanooga to a terminus east of the Chattahoochee River, which would then be linked to Savannah. After engineers surveyed various possible locations for the terminus, the zero milepost was driven into the ground in what is now Five Points. A year later, the area around the milepost had developed into a settlement, first known as Terminus, and later as Thrasherville after a merchant who built homes. By 1842, the town had six buildings and 30 residents and was renamed Marthasville to honor the Governors daughter, later, J. Edgar Thomson, Chief Engineer of the Georgia Railroad, suggested the town be renamed Atlantica-Pacifica, which was shortened to Atlanta. The residents approved, and the town was incorporated as Atlanta on December 29,1847, by 1860, Atlantas population had grown to 9,554. During the American Civil War, the nexus of multiple railroads in Atlanta made the city a hub for the distribution of military supplies, in 1864, the Union Army moved southward following the capture of Chattanooga and began its invasion of north Georgia. On the next day, Mayor James Calhoun surrendered Atlanta to the Union Army, on November 11,1864, Sherman prepared for the Union Armys March to the Sea by ordering Atlanta to be burned to the ground, sparing only the citys churches and hospitals. After the Civil War ended in 1865, Atlanta was gradually rebuilt, due to the citys superior rail transportation network, the state capital was moved from Milledgeville to Atlanta in 1868. In the 1880 Census, Atlanta surpassed Savannah as Georgias largest city, by 1885, the founding of the Georgia School of Technology and the citys black colleges had established Atlanta as a center for higher education. In 1895, Atlanta hosted the Cotton States and International Exposition, during the first decades of the 20th century, Atlanta experienced a period of unprecedented growth. In three decades time, Atlantas population tripled as the city expanded to include nearby streetcar suburbs
5.
Georgia (U.S. state)
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Georgia is a state in the southeastern United States. It was established in 1733, the last of the original Thirteen Colonies, named after King George II of Great Britain, Georgia was the fourth state to ratify the United States Constitution, on January 2,1788. It declared its secession from the Union on January 19,1861 and it was the last state to be restored to the Union, on July 15,1870. Georgia is the 24th largest and the 8th most populous of the 50 United States, from 2007 to 2008,14 of Georgias counties ranked among the nations 100 fastest-growing, second only to Texas. Georgia is known as the Peach State and the Empire State of the South, Atlanta is the states capital, its most populous city and has been named a global city. Georgia is bordered to the south by Florida, to the east by the Atlantic Ocean and South Carolina, to the west by Alabama, the states northern part is in the Blue Ridge Mountains, part of the Appalachian Mountains system. Georgias highest point is Brasstown Bald at 4,784 feet above sea level, Georgia is the largest state entirely east of the Mississippi River in land area. Before settlement by Europeans, Georgia was inhabited by the mound building cultures, the British colony of Georgia was founded by James Oglethorpe on February 12,1733. The colony was administered by the Trustees for the Establishment of the Colony of Georgia in America under a charter issued by King George II. The Trustees implemented a plan for the colonys settlement, known as the Oglethorpe Plan. In 1742 the colony was invaded by the Spanish during the War of Jenkins Ear, in 1752, after the government failed to renew subsidies that had helped support the colony, the Trustees turned over control to the crown. Georgia became a colony, with a governor appointed by the king. The Province of Georgia was one of the Thirteen Colonies that revolted against British rule in the American Revolution by signing the 1776 Declaration of Independence, the State of Georgias first constitution was ratified in February 1777. Georgia was the 10th state to ratify the Articles of Confederation on July 24,1778, in 1829, gold was discovered in the North Georgia mountains, which led to the Georgia Gold Rush and an established federal mint in Dahlonega, which continued its operation until 1861. The subsequent influx of white settlers put pressure on the government to land from the Cherokee Nation. In 1830, President Andrew Jackson signed the Indian Removal Act into law, sending many eastern Native American nations to reservations in present-day Oklahoma, including all of Georgias tribes. Despite the Supreme Courts ruling in Worcester v. Georgia that ruled U. S. states were not permitted to redraw the Indian boundaries, President Jackson and the state of Georgia ignored the ruling. In 1838, his successor, Martin Van Buren, dispatched troops to gather the Cherokee
6.
Telecommunication
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Telecommunication is the transmission of signs, signals, messages, writings, images and sounds or intelligence of any nature by wire, radio, optical or other electromagnetic systems. Telecommunication occurs when the exchange of information between communication participants includes the use of technology and it is transmitted either electrically over physical media, such as cables, or via electromagnetic radiation. Such transmission paths are divided into communication channels which afford the advantages of multiplexing. The term is used in its plural form, telecommunications. Early means of communicating over a distance included visual signals, such as beacons, smoke signals, semaphore telegraphs, signal flags, other examples of pre-modern long-distance communication included audio messages such as coded drumbeats, lung-blown horns, and loud whistles. Zworykin, John Logie Baird and Philo Farnsworth, the word telecommunication is a compound of the Greek prefix tele, meaning distant, far off, or afar, and the Latin communicare, meaning to share. Its modern use is adapted from the French, because its use was recorded in 1904 by the French engineer. Communication was first used as an English word in the late 14th century, in the Middle Ages, chains of beacons were commonly used on hilltops as a means of relaying a signal. Beacon chains suffered the drawback that they could pass a single bit of information. One notable instance of their use was during the Spanish Armada, in 1792, Claude Chappe, a French engineer, built the first fixed visual telegraphy system between Lille and Paris. However semaphore suffered from the need for skilled operators and expensive towers at intervals of ten to thirty kilometres, as a result of competition from the electrical telegraph, the last commercial line was abandoned in 1880. Homing pigeons have occasionally used throughout history by different cultures. Pigeon post is thought to have Persians roots and was used by the Romans to aid their military, frontinus said that Julius Caesar used pigeons as messengers in his conquest of Gaul. The Greeks also conveyed the names of the victors at the Olympic Games to various cities using homing pigeons, in the early 19th century, the Dutch government used the system in Java and Sumatra. And in 1849, Paul Julius Reuter started a service to fly stock prices between Aachen and Brussels, a service that operated for a year until the gap in the telegraph link was closed. Sir Charles Wheatstone and Sir William Fothergill Cooke invented the telegraph in 1837. Also, the first commercial electrical telegraph is purported to have constructed by Wheatstone and Cooke. Both inventors viewed their device as an improvement to the electromagnetic telegraph not as a new device, samuel Morse independently developed a version of the electrical telegraph that he unsuccessfully demonstrated on 2 September 1837
7.
Automotive
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The automotive industry is a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles, some of them are called automakers. It is one of the worlds most important economic sectors by revenue, the term automotive was created from Greek autos, and Latin motivus to represent any form of self-powered vehicle. This term was proposed by Elmer Sperry, the automotive industry began in the 1890s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in automobile production. In 1929, before the Great Depression, the world had 32,028,500 automobiles in use, at that time the U. S. had one car per 4.87 persons. After World War II, the U. S. produced about 75 percent of auto production. In 1980, the U. S. was overtaken by Japan, in 2006, Japan narrowly passed the U. S. in production and held this rank until 2009, when China took the top spot with 13.8 million units. With 19.3 million units manufactured in 2012, China almost doubled the U. S. production, with 10.3 million units, from 1970 over 1998 to 2012, the number of automobile models in the U. S. has grown exponentially. Safety is a state that implies to be protected from any risk, danger, in the automotive industry, safety means that users, operators or manufacturers do not face any risk or danger coming from the motor vehicle or its spare parts. Safety for the automobiles themselves, implies there is no risk of damage. Safety in the industry is particularly important and therefore highly regulated. Automobiles and other vehicles have to comply with a certain number of norms and regulations, whether local or international. The standard ISO26262, is considered as one of the best practice framework for achieving automotive functional safety. In case of safety issues, danger, product defect or faulty procedure during the manufacturing of the motor vehicle and this procedure is called product recall. Product recalls happen in every industry and can be production-related or stem from the raw material, however, the automotive industry is still particularly concerned about product recalls, which cause considerable financial consequences. Around the world, there were about 806 million cars and light trucks on the road in 2007, consuming over 980 billion litres of gasoline, the automobile is a primary mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group predicts that, by 2014, meanwhile, in the developed countries, the automotive industry has slowed down. It is also expected that this trend will continue, especially as the generations of people no longer want to own a car anymore
8.
Mass media
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The mass media is a diversified collection of media technologies that reach a large audience via mass communication. The technologies through which communication takes place include a variety of outlets. Broadcast media transmit information electronically, via such media as film, radio, recorded music, digital media comprises both Internet and mobile mass communication. Internet media comprise such services as email, social sites, websites. Print media transmit information via physical objects, such as books, comics, magazines, newspapers, event organizing and public speaking can also be considered forms of mass media. The organizations that control these technologies, such as studios, publishing companies. In the late 20th century, mass media could be classified into eight mass media industries, books, the Internet, magazines, movies, newspapers, radio, recordings, and television. The explosion of digital technology in the late 20th and early 21st centuries made prominent the question. For example, it is whether to include cell phones, computer games. In the 2000s, a called the seven mass media became popular. For example, the Internet includes blogs, podcasts, web sites, the sixth and seventh media, Internet and mobile phones, are often referred to collectively as digital media, and the fourth and fifth, radio and TV, as broadcast media. Some argue that video games have developed into a mass form of media. While a telephone is a communication device, mass media communicates to a large group. In addition, the telephone has transformed into a phone which is equipped with Internet access. A question arises whether this makes cell phones a mass medium or simply a device used to access a mass medium. There is currently a system by which marketers and advertisers are able to tap into satellites and this transmission of mass advertising to millions of people is another form of mass communication. Video games may also be evolving into a mass medium, video games provide a common gaming experience to millions of users across the globe and convey the same messages and ideologies to all their users. Users sometimes share the experience with one another by playing online, excluding the Internet however, it is questionable whether players of video games are sharing a common experience when they play the game individually
US$20 billion (2017)
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