The New Geopolitics Of Energy Essay - 710 Words

Carlos Pascual, The New Geopolitics of Energy, Center on Global Energy Policy, Columbia University, September 2015, 37 pp. Article Synopsis: â€Å"The new Geopolitics of Energy† is an overall synopsis of how energy is linked to geopolitics, and how the United States has emerged over the past decade as a major hydrocarbon producer and exporter, which has resulted in the changing the nations posture globally. Of note, Pascual highlights the point that the U.S. has found a new borne power that it can wield geopolitically, and can even further its international objectives. However, it must wield that control very carefully and with finesse, because if done poorly could have far reaching ramifications. Managing this power will not be easy and may take some formidable resources, and the U.S. is not well versed in the unique way that OPEC and the major oil producing nations conduct business. He stresses that energy markets and foreign policy are not static and that the U.S. has to fully understand the intricacies of both. The article is broken into three sections. Part one of the paper addresses the fundamentally new foundations for global oil and gas supplies that stem from the unconventional energy revolution in the United States. This was accomplished by employing new technologies that combine horizontal drilling with hydraulic fracturing, also known as â€Å"fracking† to release oil and gas from the layers of shale and new cost reducing technologies. This increased oil production inShow MoreRelatedGlobalization and Geopolitics Energy934 Words   |  4 Pagesbelieved that globalization is rendering the concepts of geopolitics and the great powers, it is only enhancing the strategies of those whose aims it is to take control. Globally, the population provides the excuses many super powers need to carried out their power manipulation and seek out natural resources. Geopolitics has evolved and grown because of globalization and super powers are constantly rewriting their own policies and setti ng new trends for their sustainable doctrines. Globalization hasRead MoreThe Threat Of The Outer Space870 Words   |  4 PagesAdam: You used a sentence of â€Å"The true worth of Airpower in understanding geopolitics seems to come from how airpower makes geography more accessible† about air power, which is correct, and I agree with you. For the outer space, your outcome and principle idea is â€Å"While outer space may be a new geostrategic concern for developed states, the financial cost of its use will make it an impossibility for weaker states. This doesn’t necessarily mean that weaker states do not see the value in outer spaceRead MoreThe Discovery Of Oil And Its Effects On The World With Energy1506 Words   |  7 PagesIn 1958, oil was first discovered in Nigeria. The discovery has led to the transition from agriculture-based economy to that of oil economy. One would believe that a country that produces a numerous amount of oil used to support the world with e nergy would have improved domestic infrastructures and economic development. Unfortunately, this is not the case in Nigeria. Nigeria has suffered since the discovery of oil and is still suffering till this day. Not only has it created conflicts between otherRead MoreSecurity of Pipelines in Eurasia Essay1918 Words   |  8 PagesIntroduction The geopolitics in Eurasia along with the implications of energy security as well as the risks and opportunities it creates for the U.S. is understood when the layers of conflict and negotiations are analyzed through the various topics that affect international policies. Through the concepts based on energy, politics, security pipelines in Eurasia, international transit integration, and the energy world order, can the conceptual argument be made that natural resources are temporaryRead MoreHow The Geopolitics Central Asia Affected China s Ability Of Securing Its Energy Resources From The Region?2032 Words   |  9 PagesHow has the Geopolitics in Central Asia affected China’s ability in securing its Energy Resources from the Region? There is a significant change in the order of energy in the world, and there is the need of China to enforce its ability in becoming one of the major forces in global markets, and in the geopolitics that occur regarding energy. There are opportunities and challenges that are created as China aims to expand its global and regional linkages as they look for security in the supply ofRead MoreUkraine : The Longest Period Of Ukrainian Independence995 Words   |  4 Pageswith many sources of minerals and agricultural products but even more importantly its a strategically located country and to understand the geopolitical value of Ukraine we have to take a look at the history. In fact one can learn to understand geopolitics just by reading Ukrainiean history. This was a country which at time was part of the Ottoman, Polish and Austrain Empires so Ukraine has been on the borders of empires in fact the name itself is derived from a word meaning borderlands. And as mostRead MoreThe Successf ul Outcome Of The United Nations Essay1044 Words   |  5 Pagesfor greater energy efficiency? †¢ Ample supply is keeping downward pressure on fossil fuel prices, coal, oil and natural gas. When and how will market dynamics change – or might lower prices for some fuels be here to stay? †¢ The impact of local pollution, often energy-related, on air quality is a matter of rising social and political concern in many countries. How can governments act to tackle this problem – and what would these actions mean for the energy sector? The World Energy Outlook 2016Read MoreThe Effects Of Local Pollution On The World Energy Outlook 2016 By The International Energy Agency ( Iea ) Essay1044 Words   |  5 Pagesfor greater energy efficiency? †¢ Ample supply is keeping downward pressure on fossil fuel prices, coal, oil and natural gas. When and how will market dynamics change – or might lower prices for some fuels be here to stay? †¢ The impact of local pollution, often energy-related, on air quality is a matter of rising social and political concern in many countries. How can governments act to tackle this problem – and what would these actions mean for the energy sector? The World Energy Outlook 2016Read MoreCorrelations Between Population and Pollution993 Words   |  4 Pagesincrease in goods movement resulting in air pollution. Like this, population growth affects air pollution. In order to solve air pollution, science is applied such as developing renewable energy. Nowadays, there are solar powered cars, heating, etc. These things don’t emit greenhouse gases. The development of renewable energy will solve the air pollution caused from population growth. NASA scientists performed an experiment to examine how the amount of pollution is influenced by the population density inRead MoreArgumentative Essay - Rising Gas Prices: Who Is to Blame?928 Words   |  4 Pagesthe actual mess the pipeline could cause. This pipeline is already running through Canada from Alberta and would continue through Montana, South Dakota, Nebraska, Kansas, Oklahoma and Texas (Amadeo). This oil is a very dirty and expensive form of energy. The tar sands oil is made mostly of sand, clay and water and is very environmentally destructive. During the process it emits poisonous runoff, which would pollute water, uses large amounts of natural gas and water to extract oil. Forming of this

Causes and Preconditions for the Industrial Revolution

Historians may disagree on most aspects of the Industrial Revolution, but one thing they do agree on is that 18th-century Britain experienced a huge change in the economic field of goods, production and technology, and the social sphere (through urbanization and treatment of workers). The reasons for this change continue to fascinate historians, leading people to wonder if there was a set of preconditions present in Britain shortly before the Revolution which enabled or allowed it to take place. These preconditions tend to cover population, agriculture, industry, transport, trade, finance, and raw materials. Preconditions for Industrialization in Britain Circa 1750 Agriculture: As a supplier of raw materials, the agricultural sector was closely linked to the industrial; this was the main source of occupation for the British population. Half of the arable land had been enclosed, while half remained in the medieval open field system. The British agricultural economy produced a large surplus of food and drink and had been labeled the Granary of Europe because of its exports. However, production was labor-intensive. Although there had been some new crops introduced, and there were problems with underemployment. Consequently, people had multiple occupations. Industry: Most industries were small scale, domestic and local, but traditional industries could meet the domestic demands. There was some inter-regional trade, but this was limited by poor transport. The key industry was wool production, bringing in a substantial portion of Britain’s wealth, but this was coming under threat from cotton. Population: The nature of the British population has implications for the supply and demand for food and goods, as well as the supply of cheap labor. The population had increased in the earlier part of the 18th century, especially closer to the middle of the era, and was mostly located in rural areas. The people were gradually accepting of social change and the upper and middle classes were interested in new thinking in science, philosophy. and culture. Transport: Good transport links are seen as a basic requirement for the Industrial Revolution, as the transport of goods and raw materials were essential for reaching wider markets. Generally, in 1750, transport was limited to poor quality local roads — a few of which were turnpikes, toll roads which improved speed but added cost — rivers, and coastal traffic. While this system was limited, interregional trade did occur, such as coal from the north to London. Trade: This had developed during the first half of the 18th century both internally and externally, with a great deal of wealth coming from the triangle slave trade. The main market for British goods was Europe, and the government maintained a mercantilist policy to encourage it. Provincial ports had developed, such as Bristol and Liverpool. Finance: By 1750, Britain had begun to move towards capitalist institutions — which are considered part of the development of the Revolution. The produce of trade was creating a new, wealthy class prepared to invest in industries. Groups like the Quakers have also been identified as investing in areas which contributed to the industrial boom. Raw Materials: Britain had the raw resources necessary for a revolution in plentiful supply. Although they were being extracted in abundance, this was still limited by traditional methods. In addition, the related industries tended to be nearby because of poor transport links, exerting a pull on where industry occurred. Conclusions Britain in 1870 had the following which has all been stated as necessary for an Industrial Revolution: good mineral resources, growing population, wealth, spare land and food, ability to innovate, laissez-faire government policy, scientific interest, and trading opportunities. Around 1750, all of these began to develop simultaneously. The result was a massive change. Causes of the Revolution As well as the debate over preconditions, there has been a closely-related discussion over the causes of the revolution. A wide range of factors is generally considered to have worked together, including: The end of medieval structures changed economic relationships and allowed for change.A higher population because of less disease and lower infant mortality allows for a larger industrial workforce.The Agricultural Revolution frees people from the soil, allowing — or driving — them into cities and manufacturing.Proportionally large amounts of spare capital were available for investment.Inventions and the scientific revolution allowed for new technology to increase and cheapen production.Colonial trade networks allowed the import of materials and the export of manufactured goods.The presence of all the required resources close together, such as coal near iron.Culture of hard work, risk-taking, and the development of ideas.Demand for goods.

Finance Case Study Free Essays

INSTRUCTOR: Mr. Konstantinos Kanellopoulos, MSc (L. S. We will write a custom essay sample on Finance Case Study or any similar topic only for you Order Now E. ), M. B. A. COURSE: MBA-680-50-SUIII12 Corporate Financial Theory SEMESTER: Summer Session III Case Study The Many Different Kinds of Debt (solutions) Konstantinos Kanellopoulos 22nd August 2012 CASE STUDY ON The many different kinds of debt It was one of Morse’s most puzzling cases. That morning Rupert Thorndike, the autocratic CEO of Thorndike Oil, was found dead in a pool of blood on his bedroom floor. He had been shot through the head, but the door and windows were bolted on the inside and there was no sign of the murder weapon. Morse looked in vain for clues in Thorndike’s office. He had to take another tack. He decided to investigate the financial circumstances surrounding Thorndike’s demise. The company’s capital structure was as follows: †¢ 5% debentures: $250 million face value. The bonds matured in 10 years and offered a yield of 12%. †¢ Stock: 30 million shares, which closed at $9 a share the day before the murder. Yesterday Thorndike had flatly rejected an offer by T. Spoone Dickens to buy all of the common stock for $10 a share. With Thorndike out of the way, it appeared that Dickens’s offer would be accepted, mush to the profit of Thorndike Oil’s other shareholders[1]. Thorndike’s two nieces, Doris and Patsy, and his nephew John all had substantial investments in Thorndike Oil and had bitterly disagreed with Thorndike’s dismissal of Dickens’s offer. Their stakes are shown in the following table: | |5% Debentures (Face Value) |Shares of Stock | |Doris |$4 million |1. 2 million | |John |0 |0. | |Patsy |0 |1. 5 | All debt issued by Thorndike Oil would be paid off at face value if Dickens’s offer went through. Morse kept coming back to the problem of motive. Which niece or nephew, he wondered stood to gain most by eliminating Thorndike and allowing Dickens’s offer to succeed? Help Morse solve the case. Which of Thorndike’s relatives stood to gain most from his death? Solutions THE SHOCKING DEMISE OF MR. THORNDIKE Minicase solution, Chapter 25 Principles of Corporate Finance, 9th Edition R. A. Brealey, S. C. Myers and F. Allen After the corpse was removed, police inspectors came to dust the bedroom for fingerprints. Morse knew they would find nothing. He walked down the marble staircase of Rupert Thorndike’s mansion and into the paneled library. He sat at a table in front of the fireplace, scarcely noticing the painting over it, Monet’s portrait of the legendary John D. Thorndike at Giverny. He turned on his laptop computer. Thorndike Oil had three classes of securities outstanding: $250 million of ebentures (face value), 30 million shares, and an issue of subordinated convertible notes. Morse had to calculate the change in the value of each security now that Thorndike was gone, and given the now near-certain acquisition of Thorndike Oil by T. Spoone Dickens. Table 1 reports Morse’s results. The notes summarize his reasoning. With Table 1 in hand, it was easy to calculate the increases in value due to the murder and resulting acquisition. Debt increased by 39. 5% of face value. Common stock increased by $1. 00 per share, and each convertible note increased from 103. 5% to 110% of face value (from $1039. 50 to $1100 per bond). Morse summed the gains to Doris, John and Patsy (see Table 2). Then he reached for his cell phone and dialed Chief Inspector Spillane. Thorndike Oil Table 1 Values of Thorndike Oil Securities Before and After the Murder | |Before |After | |Debt |$151. 25 million, |$250 million | | |60. % of face value |100% of face value | |Equity |$270 million, |$300 million, | | |$9 per share |$10 per share | |Convertible notes |103. 95% of |110% of | | |face value |face value | Notes 1. Debt, before: PV at 12% of the 5% coupon for 10 years, plus repayment of face value (100%) at year 10, is 60. 5% of the $250 million face value, or $151. 25 million. Debt, after: essentially risk-free. The debt will be repaid in short order and should trade very close to face value. The gain in market value is 1 – . 605 = . 395, or 39. 5% of face value. 2. Shares: Share price increases from $9. 00 to $10. 00. 3. Convertible notes: Conversion value before is 110 shares at $9 per share = $990 per $1,000 note. The bonds were trading at 5% over conversion value, or 1. 05? 90 = $1,039. 50. Note holders will convert prior to the takeover, receiving 110? 10 = $1,100. (If they don’t convert, they get only $1,000. ) In other words, the notes increase by 110 – 103. 95 = 6. 05% of face value. Thorndike Oil Table 2 Who Gained Most? (Figures in millions) | |Doris |John |Patsy | | | | | | |Debt |$1. 8 |0 |0 | | |(. 395? 4) | | | | | | | | |Stock |$1. 2 |$0. 5 |$1. | | |(1. 00 ? 1. 2) |(1. 00 ? .5) |(1. 00 ? 1. 5) | | | | | | |Convertible notes |0 |$0. 3025 |$0. 1815 | | | |(. 0605 ? 5) |(. 0605 ? ) | | |___________ |___________ |_________ | |Total |$2. 78 |$0. 8025 |$1. 6815 | ———————– [1] Rupert Thorndike’s shares would go to a charitable foundation formed to advance the study of financial engineering and its crucial role in world peace and progress. The managers of the foundation’s endowment were not expected to oppose the takeover. How to cite Finance Case Study, Free Case study samples Finance Case Study Free Essays INSTRUCTOR: Mr. Konstantinos Kanellopoulos, MSc (L. S. We will write a custom essay sample on Finance Case Study or any similar topic only for you Order Now E. ), M. B. A. COURSE: MBA-680-50-SUIII12 Corporate Financial Theory SEMESTER: Summer Session III Case Study The Many Different Kinds of Debt (solutions) Konstantinos Kanellopoulos 22nd August 2012 CASE STUDY ON The many different kinds of debt It was one of Morse’s most puzzling cases. That morning Rupert Thorndike, the autocratic CEO of Thorndike Oil, was found dead in a pool of blood on his bedroom floor. He had been shot through the head, but the door and windows were bolted on the inside and there was no sign of the murder weapon. Morse looked in vain for clues in Thorndike’s office. He had to take another tack. He decided to investigate the financial circumstances surrounding Thorndike’s demise. The company’s capital structure was as follows: †¢ 5% debentures: $250 million face value. The bonds matured in 10 years and offered a yield of 12%. †¢ Stock: 30 million shares, which closed at $9 a share the day before the murder. Yesterday Thorndike had flatly rejected an offer by T. Spoone Dickens to buy all of the common stock for $10 a share. With Thorndike out of the way, it appeared that Dickens’s offer would be accepted, mush to the profit of Thorndike Oil’s other shareholders[1]. Thorndike’s two nieces, Doris and Patsy, and his nephew John all had substantial investments in Thorndike Oil and had bitterly disagreed with Thorndike’s dismissal of Dickens’s offer. Their stakes are shown in the following table: | |5% Debentures (Face Value) |Shares of Stock | |Doris |$4 million |1. 2 million | |John |0 |0. | |Patsy |0 |1. 5 | All debt issued by Thorndike Oil would be paid off at face value if Dickens’s offer went through. Morse kept coming back to the problem of motive. Which niece or nephew, he wondered stood to gain most by eliminating Thorndike and allowing Dickens’s offer to succeed? Help Morse solve the case. Which of Thorndike’s relatives stood to gain most from his death? Solutions THE SHOCKING DEMISE OF MR. THORNDIKE Minicase solution, Chapter 25 Principles of Corporate Finance, 9th Edition R. A. Brealey, S. C. Myers and F. Allen After the corpse was removed, police inspectors came to dust the bedroom for fingerprints. Morse knew they would find nothing. He walked down the marble staircase of Rupert Thorndike’s mansion and into the paneled library. He sat at a table in front of the fireplace, scarcely noticing the painting over it, Monet’s portrait of the legendary John D. Thorndike at Giverny. He turned on his laptop computer. Thorndike Oil had three classes of securities outstanding: $250 million of ebentures (face value), 30 million shares, and an issue of subordinated convertible notes. Morse had to calculate the change in the value of each security now that Thorndike was gone, and given the now near-certain acquisition of Thorndike Oil by T. Spoone Dickens. Table 1 reports Morse’s results. The notes summarize his reasoning. With Table 1 in hand, it was easy to calculate the increases in value due to the murder and resulting acquisition. Debt increased by 39. 5% of face value. Common stock increased by $1. 00 per share, and each convertible note increased from 103. 5% to 110% of face value (from $1039. 50 to $1100 per bond). Morse summed the gains to Doris, John and Patsy (see Table 2). Then he reached for his cell phone and dialed Chief Inspector Spillane. Thorndike Oil Table 1 Values of Thorndike Oil Securities Before and After the Murder | |Before |After | |Debt |$151. 25 million, |$250 million | | |60. % of face value |100% of face value | |Equity |$270 million, |$300 million, | | |$9 per share |$10 per share | |Convertible notes |103. 95% of |110% of | | |face value |face value | Notes 1. Debt, before: PV at 12% of the 5% coupon for 10 years, plus repayment of face value (100%) at year 10, is 60. 5% of the $250 million face value, or $151. 25 million. Debt, after: essentially risk-free. The debt will be repaid in short order and should trade very close to face value. The gain in market value is 1 – . 605 = . 395, or 39. 5% of face value. 2. Shares: Share price increases from $9. 00 to $10. 00. 3. Convertible notes: Conversion value before is 110 shares at $9 per share = $990 per $1,000 note. The bonds were trading at 5% over conversion value, or 1. 05? 90 = $1,039. 50. Note holders will convert prior to the takeover, receiving 110? 10 = $1,100. (If they don’t convert, they get only $1,000. ) In other words, the notes increase by 110 – 103. 95 = 6. 05% of face value. Thorndike Oil Table 2 Who Gained Most? (Figures in millions) | |Doris |John |Patsy | | | | | | |Debt |$1. 8 |0 |0 | | |(. 395? 4) | | | | | | | | |Stock |$1. 2 |$0. 5 |$1. | | |(1. 00 ? 1. 2) |(1. 00 ? .5) |(1. 00 ? 1. 5) | | | | | | |Convertible notes |0 |$0. 3025 |$0. 1815 | | | |(. 0605 ? 5) |(. 0605 ? ) | | |___________ |___________ |_________ | |Total |$2. 78 |$0. 8025 |$1. 6815 | ———————– [1] Rupert Thorndike’s shares would go to a charitable foundation formed to advance the study of financial engineering and its crucial role in world peace and progress. The managers of the foundation’s endowment were not expected to oppose the takeover. How to cite Finance Case Study, Free Case study samples

Not finished Essay Example For Students

Not finished Essay Terry Fox has become the poster child of the person who can overcome any obstacle and triumph over any adversity that stands in his way. This is important to Canada because he is a reflection of the character of Canadians that is seen around the world. Terry Fox has given Canada a true role model. Terry Fox has shown the world that Canadians are full with heart and determination. He has shown Canadians, and the world that perseverance will pay off. Terry Fox had all the obstacles lined up and he knocked them down, although the malignant tumor in his right leg finally overwhelmed Terry, he still overcame numerous obstacles. Terry Fox had dealt with the tumor in his leg and he overcame the amputation of his leg. He also managed to train for the marathon of hope even though overcoming a physical and emotional amputation. He also was able to start his run for the marathon of Hope, by an valiant attempt to run across Canada raising money as he ran. Even though Terry Fox did not complete h is goal he still lives on today in our currency, stamps, and many more ways. Terry Fox has given Canada some one that they can try to measure up to. Terry Fox is a native of Winnipeg, Manitoba, however he spent his child years in Port Coquitlam, British Columbia. Terry was an athletic teenager, participated in various sports. Terry was only 18 years old when the doctors broke the news that he had bone cancer. Thus the doctors were compelled to have his right leg amputated 15 centimetres above the knee in 1977. However, Terry Fox over came is amputation with optimism and grace, he was determined to do something with his life. When Terry was recovering in the hospital he was so overwhelmed of all the suffering and bravery by the other cancer patients. He was also inspired by the children cancer patients bravery, that he knew that he too had to be brave. Furthermore prove that his life was worth doing something great with. In the spring of 1977 Terry begins his first steppingstone into showing the world what Canadians are all about. Terry was illuminated with a brilliant idea, a cross-Canada run to raise money for cancer victims, The Marathon of Hope . Terrys next step was to start training for this ambitious project. He had to teach himself how to run again, this was not as easy as it sounds. It took Terry a few months before he was able to sustain himself while running. However while Training Terry ran over 5,000 kilometers this pales compared to the distance of Canada coast to coast. Nonetheless Terry was still determined to attempt the run. By fall Terry was confident in his condition that he was ready to contact the Canadian Cancer Society for them to support his run. In his letter he writes, Im not a dreamer, and Im not saying this will initiate any kind of definitive answer or cure to cancer, but I believe in miracles. I have to.. Terry later received a letter of optimism and hope from the Canadian Cancer Society. The Canadian Cancer Society wished Terry t he best of luck. At this time to Canada and to the rest of the world, Terry Fox did not exist. No one knew who he was. However, over time his voice would be herd, his name would be recognized, the sleeping giant was awakening. Even though Terry had little media and public support when he first began his journey he was still determined to accomplish his personal goal to make it across Canada. He knew this would be the most significant and challenging obstacle that he would have to encounter. He trained hard though he knew he was ready to start. On April 12, 1980 he starts his odyssey in St. Johns, Newfoundland. He symbolizes this by dipping his artificial leg into the Atlantic Ocean. He then sets off to the promised land of his upbringing, British Columbia. Even though not too many people where aware of the significance of Terrys efforts, for those who were, the cancer patients that he went through rehab with. Terrys efforts meant the world to them, it gave them hope, optimism, it al lowed them to see the light at the end of the tunnel. Just by a simple act of running Terry was able to give those Canadians hope and a role model. Terrys odyssey started in St. Johns, Newfoundland and he moves West passing Towns such as Charlottetown, PEI, Quebec City, QC, Montreal, QC, Toronto, ON, and Thunder Bay, ON. On his way through these towns more and more Canadians started to support his cause. When he passed through Quebec City Terry got support from Gerard Cote, four-time Boston Marathon winner, Terry was honoured by being introduced to him. Furthermore entering Montreal Terry was accompanied with Montreal Alouette kicker Don Sweet and four wheelchair athletes. As Terry ran through Toronto he was able to have the chance to meet his hockey hero, Darryl Sittler. Darryl awarded Terry his 1980 NHL all-star team sweater. Darryl said, Ive been around athletes a long time and Ive never seen any with his courage and stamina. A Canadian supporter commented, He makes you believe i n the human race again. His popularity was snowballing, it grew and grew, more people were aware of what he was accomplishing. He was now spreading hope to the citizens of Canada. He was inspiring them not with his ability to run, but his ability to take on that unreachable dream and try to grasp it. Canadians where able to relate and be inspired by this because Terrys goal is similar to David Vs. Goliath. Where Terry is the underdog taking on the what seems to be the unbeatable monster of cancer. The Canadians where cheering for the underdog, cheering for Terry to make it. However the more Terry was spreading hope and inspiration to Canadians, the more and more his cancer was spreading towards Terrys lungs. On September 1, 1980, after a grueling 143 days and 5,373 kilometers Terry stopped running just outside of Thunder Bay, Ontario. The reality of the spreading cancer set in for Terry. Has he ran his last kilometers the people where unaware of Terrys situation. During his last kil ometer Terry was reported as saying, People were still lining the road saying to me, Keep going, dont give up, you can do it, you can make it, were all behind you. Well, you dont hear that and have it go in one ear and out the other, for me anyway There was a camera crew waiting at the three-quarter mile point to film me. I dont think they even realized that they filmed my last mile people were still saying, You can make it all the way, Terry. I started to think about those comments in that mile, too. Yeah, I thought, this might be my last one. On the same day Terry announced at a press conference in Thunder Bay that his cross-Canada Marathon of Hope is short lived. Terry had simple but powerful words during that press conference. When I started this Run, I said that if we all gave one dollar, wed have $22 million for cancer research, and I dont care, man, theres no reason that isnt possible. No reason.. Its so simple, but its true. The next day on September 2, 1980, Isadore Sharp, Chairman and CEO of Four Seasons Hotels and Resorts, contacted Terry Foxs family promising them that he would organize a fundraising run that would be held every year in Terrys name. Terrys dream was now coming to life, he was able to raise money, but most importantly cancer awareness. On September 9, 1980, C.T.V. network cancer awareness fundraiser. The telethon lasted five hours and was able to raise ten million dollars. This was a breakthrough for cancer awareness in Canada. The people were recognizing cancer as a major threat. They Canadians did something. It started with Terrys Marathon of Hope, and was followed up by funding of Canadians. By February 1, 1981, Terrys words of one dollar from every Canadian to fight cancer was herd. The Canadian population reached 24.1 million, and the Terry Fox Marathon of Hope total funds were 24.17 million. This was truly one of the finest moments of Canadian history. This moment was a time where Canadian athletes were in the media, and world s eye. Terry Fox showed the world what character we Canadians have, it showed everyone our grit, determination, optimism, and hope. .uf7fa605e2ff60bbb121617371f044654 , .uf7fa605e2ff60bbb121617371f044654 .postImageUrl , .uf7fa605e2ff60bbb121617371f044654 .centered-text-area { min-height: 80px; position: relative; } .uf7fa605e2ff60bbb121617371f044654 , .uf7fa605e2ff60bbb121617371f044654:hover , .uf7fa605e2ff60bbb121617371f044654:visited , .uf7fa605e2ff60bbb121617371f044654:active { border:0!important; } .uf7fa605e2ff60bbb121617371f044654 .clearfix:after { content: ""; display: table; clear: both; } .uf7fa605e2ff60bbb121617371f044654 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uf7fa605e2ff60bbb121617371f044654:active , .uf7fa605e2ff60bbb121617371f044654:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uf7fa605e2ff60bbb121617371f044654 .centered-text-area { width: 100%; position: relative ; } .uf7fa605e2ff60bbb121617371f044654 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uf7fa605e2ff60bbb121617371f044654 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uf7fa605e2ff60bbb121617371f044654 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uf7fa605e2ff60bbb121617371f044654:hover .ctaButton { background-color: #34495E!important; } .uf7fa605e2ff60bbb121617371f044654 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uf7fa605e2ff60bbb121617371f044654 .uf7fa605e2ff60bbb121617371f044654-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uf7fa605e2ff60bbb121617371f044654:after { content: ""; display: block; clear: both; } READ: Howard Stern Essay Even though Terry Fox was unable to achieve his primary goal of running across Canada, he was still able to raise money and awareness for cancer research long after his death. He was also blessed with many awards and recognized through the world. Terry was able to accomplish cancer awareness, and he gave the Canadians hope, inspiration, and a true Canadian role model. On June 28, 1981 Terry Fox ultimately dies. Canada losses one of there National prides. They lost a Canadian hero. After treatment with chemotherapy and interferon, Terry Fox passes away at Royal Columbian Hospital, in New Westminster, British Columbia. He past just one month shy of his twenty-third birthday. On the 30th of July in 1981, The Canadian government creates a five million dollar fund in Terrys name. The fund was given the name of Terry Fox Humanitarian Award, its goal was to provide scholarships each year in honour of Terry Fox. The award is given to students who demonstrates the highest qualities of citize nship and humanitarian service. Terry Foxs efforts were being recognized even after his death, his ideals of hard work and determination were once again celebrated on August 29, 1981 when Terry Fox is inducted into the Canadian Sports Hall of Fame. Thus proving that he was not only a great humanitarian but also one of Canadas most prided athletes. Then on the first of July in 1998 the Terry Fox Monument was rededicated in Ottawa and is now part of the Path of Heroes. The Canadian government realized that it needed to add Terry to this because the Path of Heroes in an initiative to raise public awareness and appreciation of great Canadians that have helped shape the country. Terry Fox not only help shape the country but he also help shape Canadas citizens shape into great people. Even after all that has happened on the behalf of Terrys efforts in 1998 on the twenty eight of August the Terry Fox Foundation made an announcement declaring that the funds have reached a jaw dropping thirt y six million dollars for Canadian cancer research. On June 30, 1999 a national pole for the greatest national hero Terry Fox is voted Canadas Greatest Hero. Even though Terry Fox never made it across Canada, he was still able to touch the hearts of all Canadians. Terry Fox was such an incredible Canadian that he still lives on today not only in the awards that he received, but the Canadian government is honouringTerry with a special remembrance Loonie, that features Terry running his Marathon of hope.