January 17, 2018 09:00 ET | Source: Umbra Applied Technologies Group, Inc.
TAMPA, Fla., Jan. 17, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE Umbra Applied Technologies, Inc. (OTC:UATG) Chairman is pleased to issue the following letter to shareholders today:
January 17, 2018
UATG Shareholders
Re: Umbra Applied Technologies Group, Inc.
2018 Chairman’s Letter
(UATG:PK) Year 2018
Chairman's Letter
“UAT Group and its subsidiaries, operate with the understanding that what we do matters and as such our decisions bear consequences.”
Dear Fellow Shareholders,
First, I would like to wish everyone a prosperous New Year and I hope everyone enjoyed the holidays.
As the Chief Executive of a publicly traded company I am the fiduciary for all shareholders, many of whom have invested in UAT Group based on long-term goals such as retirement or to pay for a childs higher education. As such, I advocate and otherwise direct corporate governance practices that are in keeping with long-term value creation for our shareholders and clients. Last year I asked my executive team to help me outline a new strategic frame-work for long-term value creation that could be completed within the year. I am pleased to report that we have been successful in our execution and were so against significant odds.
Over the course of the past 12 months, many of the assumptions on which our plans were based, including low interest rates on capital and an expectation for continued globalization, have failed to sustain despite indicators to the contrary. With U.S. reflation, increasing rates, renewed growth, the increasing turbulence in Asia as a catalyst to geopolitical tensions, the prospective withdrawal of the United Kingdom from the European Union reshaping Europe and the United States undergoing a fundamental reformation of long held fiscal strategies; the economic environment has been and remains quite volatile. This does not mean that this company or the market at large is expected to be impacted negatively but it is a factor when crafting a long-term execution strategy.
This would have made the Congress as the ultimate power in the democratic system.
Explanation:
It is dangerous for the legislature or the executive to not have a system of c<u>hecks and balances which is maintained by the judiciary in the system of democracy.</u>
This would have been meaningless if the jury had no power to declare an act from the congress as unconstitutional. <u>As it has this power, the legislature can be kept in check against compromising the constitution a</u>nd getting away with it if it ever happens.
It was the Farmers who were the first ones to experience the early depression in the 1920s.
<u>Further Explanation:-
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<u>The Great Depression is considered the worst economic shutdown in the history of the United States. This economic decline started in the year 1929 and went on to the later stages of the 1930s.</u> The Crash of the Stock Market was the reason which brought this great depression. By the year 1933, there were around 25% of people in the United States were unemployed and the majority of banks in the United States went out of Business.
<u>It was the farmers who were the most affected by this economic shutdown caused by the Great depression</u>. Prices of their crops were falling year after year and states of Texas, Oklahoma and Kansas suffered severe drought which also caused dust storms. In the initial stages of the 1930s, the majority of farmers went bankrupt and because of that, they were not able to pay their loans and lost their farms. Corns that were grown by farmers became so cheap that instead of coal, people started burning corn to make their food. <u>Many farmers even formed farmers Union but all went in vain as it did not have any effect on Prices</u>.
Learn more:
1. What was the impact of political and legal ideas contained in Justinian's code?
<u>brainly.com/question/5344838
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2. How did Gertrude stein influence the career of Pablo Picasso in Paris at the start of the twentieth century?
<u>brainly.com/question/4845016
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Answer details:
Grade – High School
Subject – History
Chapter – Early depression
Keywords –Economical depression, Great Depression, The United States, Farmers, Crops, Corns, Coal, Texas, Oklahoma, Kansas.
The Italian peninsula's government was controlled by either Austria or the papacy. Ultimately, this arrangement had to change when Prussia defeated Austria in 1866, and the latter had to concede Venetia in the name of Italy's unification. so the answer is a
