International Relations Essay Example | Topics and Well Written Essays - 500 words - 9

International Relations - Essay Example Whereas some of these developed countries have benefitted from China’s economic transition, certain developed world economies have expressed concern about china’s rapid economic growth. The mar0ket liberalization has been the cause of disagreement among the developed economies that read malice from China’s rapid advancements in terms transitions within the economic paradigms. One of the most interested parties in the case of China’s advancing economic might is the United States of America. Realistically, the rate at which China is developing its economy is a threat to U.S. its economic transition is not good for the country. For instance, according to Pew Research Center, the last one year has seen China’s economy grow at the rate of 7% compared to the U.S dwindling 2-3% growth. Secondly, most of the developing countries have expressed strong desires to work with China as their major trading partner. They have opened their markets for china’s goods and services. This wave of the â€Å"East economy† is affecting the U.S, previously considered the economic powerhouse (Goldstein et al, 465). The Pew Research center also indicated that many Americans have registered their dissatisfaction with the way China’s economic rise and its stands to affect the U.S economy. The Obama administration for instance, filed a complaint against china for subsidizing the exports of the automotive alongside undercutting the American suppliers (Goldstein et al. 467). During the heated campaigns of the U.S 2012 elections, Mitt Romney took a soli9d stand against Chin, promising to label China â€Å"A currency manipulator† and impose high tariffs on China’s goods to the U.S. While this would mean that China’s market in the U.S would be reduced, the prospects would be that it might not stop China from making more transitions even though U.S provides its largest markets. The mercantilist approach may not work effectively

PRINCIPLES OF MARKETING Essay Example | Topics and Well Written Essays - 750 words

PRINCIPLES OF MARKETING - Essay Example The marketing mix is customized to match the needs of the targeted consumers in the market that is vital to enhancing the attractiveness of products and services supplied by a given company. In addition, the branding of the MAC Cosmetic products has been influential in enhancing the attractiveness of the business that is vital to sales revenue generation. Consequently, this paper evaluates the influence of marketing strategies of MAC Cosmetics in enhancing the welfare of the business. The mission statement of MAC Cosmetics is one of the attributes that has enhanced its attractiveness in the market. This is due to the role of mission statement in articulating the intention and objective of a business organization in offering services or goods to the targeted market (Kotler & Keller, 2012). Consequently, the mission statement of MAC Cosmetics in extending its services and goods to the targeted market has been able to reinforce the marketing effort of the company in attracting consumers in the market. The mission statement of MAC Cosmetics Company is as reflected below. The mission statement indicated above for MAC Cosmetics reflects that the company embraces the diverse global community. This is instrumental in enhancing the acceptance of the company’s products since it caters for possible negative undertone a product may face from market (Carey, Knowles, & Towers-Clark, 2011). Consequently, the mission statement of MAC Cosmetic is vital in enhancing the penetration of its products in the market. The financial performance and position of MAC Cosmetics is one of the vital aspects that reflect how the marketing efforts of the business enhance the welfare of the business in enhancing the wealth of consumers. Accordingly, the recent financial statement of MAC Cosmetics indicates that the marketing strategies of the company have been vital in enhancing the generation of sales revenue. The sales revenue of the company in 2012 stood at

The Relationship Between Centripetal Force And Velocity Environmental Sciences Essay

The Relationship Between Centripetal Force And Velocity Environmental Sciences Essay Investigate the relationship between centripetal force and velocity in circular motion, when a stopper is swung with a string in which different weight hangers are attached to. DATA COLLECTION AND PROCESSING According to Mr. Isaac Newton, an objects natural state of motion is to stay at rest if its already at rest or to continue in linear, uniform motion unless its subjected to a net, external force. This means that if an object is moving at constant velocity (or speed) in a straight line, it will continue to move in a straight line, at that same velocity, unless some outside force changes its motion in some way. So in order for an object to move in a circular path, some force is needed to pull it away from the straight-line trajectory it wants to follow (i.e., its natural state of motion). Some force needs to pull the rotating object in at every single point along its circular path in order for it continue moving in a circular fashion (instead of allowing it to follow its natural state of motion)[1]. If an object moves in a circular path there must be centripetal Force acting on it. In this experiment we will investigate the relationship between centripetal force and velocity. Next we will show how our raw data is going to be manipulated: Initially we will show T for 20 revolutions, at each trial. Subsequently the average for 20 revolutions will be calculated (based on 3 trials). Using this averaged value we will calculate the period of 1 revolution. In this process we will have to divide the uncertainty in time by 20. Details about uncertainty calculation will be added later on. Next we are going to calculate the average linear speed, v, of the stopper for each mass of the weight hanger. We will include a sample calculation. We must remember that we used a fixed radius of 0.5 meters. We have to bear in mind that we will have to add the percentage uncertainty in the radius and the percentage uncertainty on T and add them up when calculating the uncertainty for linear velocity. Theoretically, the centripetal force should be directly proportional to the square of the speed. In order to check this, a column v2 will be added to one of our data tables. When we do that the uncertainties on V must be squared. We will also display a column indicating the centripetal force. We know that the centripetal force is equivalent to weight in this experiment; the weight, in turn, is equal to the tension on the string. When calculating the uncertainty for the resultant force (weight) we took the uncertainty on mass and multiplied it by ten which is the gravity value. In order for us to calculate centripetal force the following formulas will be used: Fc = mv2/ r Fc = W = mg The uncertainties involved with the measurements which have fixed values are: Centimeters: 1cm  ± .05cm Time: 1s  ±0 .005s Mass: 1kg  ± 0.000005kg UNCERTAINTY ON T The uncertainty on T is the same of that on the stopwatch. As we start and stop the stopwatch we must, therefore, double the uncertainty: 2( ±0 .005) =  ±0.01 SAMPLE CALCULATION OF T FOR ONE REVOLUTION OF A MASS OF 0.1 KG Average T for 20 revolutions: 15.3 Average T per revolution: 15.3 / 20 = 0.765 Uncertainty was also divided by 20: ( ±0.01/ 20) =  ±0.0005 As the uncertainty on T was already multiplied by 2 we do not need to double it this time CALCULATING UNCERTAINTY ON VELOCITY FOR 0.1 KG As mentioned earlier now we will have to calculate percentage uncertainties. We will apply the following formula: http://scidiv.bellevuecollege.edu/Physics/measuresigfigs/Measuresigfigseq1.gif Percentage uncertainty in radius: (0.05 / 0.5) x 100=  ±1.0% Percentage uncertainty on T for 1 revolution (calculated above): (0.00025/ 0.765) x 100 =  ±0.0326% By adding p the above uncertainties we get the percentage uncertainty for velocity which is  ±1.0326% in this case. In order to obtain the percentage uncertainty for v2 we simply square the uncertainty on v. SAMPLE CALCULATION OF V FOR 0.1 KG v = 2 pi r/T V= = 4.106  ± 1.0326% In addition we will calculate UNCERTAINTY ON MASS The uncertainty on mass was calculated based on the electronic scale used. The uncertainty on the scale was  ±0.05 grams. Since we need the uncertainty in kg we multiply this value by 1000 and we get:  ±0.00005 Table 1 Showing magnitude of resultant force and averaged results Mass (kg) ( ±0.00005) Centripetal Force (N) ( ±0.000005) T for 20 revolutions ( seconds) ( ±0.01) Trial 1 Trial 2 Trial 3 0.100000 1.000000 15.50 14.81 15.56 0.150000 1.500000 13.69 13.80 13.91 0.200000 2.000000 12.31 12.76 12.43 0.250000 2.500000 11.57 11.55 11.61 0.300000 3.000000 10.40 11.20 10.80 0.350000 3.500000 10.38 10.01 10.21 In table 1 we presented the value obtained in each trial for 20 rotations. In table 2, on the other hand, we are going to present the average value of 1 rotation for each mass. By doing so we believe to have increased the accuracy of the results. In order to calculate the uncertainty for 1 oscillation we divided the uncertainties in 20 rotations by 20; as the left-most column (table 2) shows. In spite of that there were cases where the difference between the highest and lowest value obtained were greater than the uncertainty itself. In the cases where this happened we found the differences between these values (highest and lowest) and use it as the uncertainty. Now we will show these differences between higher and lower values. In the three trials for 0.1 Kg the difference between the highest and lowest value is: 15.56 14.81 = ± 0.75. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. In the three trials for 0.15 Kg the difference between the highest and lowest value is: 13.91 13.69 =  ±0.22. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. In the three trials for 0.2 Kg the difference between the highest and lowest value is: 12.76 12.31 =  ±0.45. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. In the three trials for 0.25 Kg the difference between the highest and lowest value is: 11.61 11.55 =  ±0.06. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. In the three trials for 0.3 Kg the difference between the highest and lowest value is: 10.80 10.20 =  ±0.60. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. In the three trials for 0.35 Kg the difference between the highest and lowest value is: 10.38 10.01 =  ±0.37. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. Table 2 Preparing the results for graphical analysis T for one revolution (seconds) ( ±0.0005) Absolute Uncertainties ( ± seconds) Percentage uncertainty on T ( ± %) V (m/s) Percentage uncertainty on V ( ± %) V2 (m2/s2) Percentage uncertainty on V2 ( ± %) 0.76500 0.75 0.000653 4.105 1.000653 16.859 1.001306 0.69209 0.22 0.000722 4.537 1.000722 20.857 1.001445 0.62239 0.45 0.000803 5.045 1.000803 25.457 1.001607 0.57880 0.06 0.000864 5.425 1.000864 29.430 1.001729 0.53970 0.60 0.000926 5.818 1.000926 33.846 1.001853 0.51040 0.37 0.000976 6.152 1.000976 37.850 1.001953 Now we will plot square root of centripetal force against V. We will make use of the percentage uncertainty on V to plot the horizontal error bars and the uncertainty on centripetal force to plot the vertical error bars. The uncertainty on centripetal force is  ±0.000005 and, therefore must be squared to give us the uncertainty on. So we have which is equal to  ±0.002236. Thus we have explained how our error bars were calculated. The graph we came across was the following: Graph 1 Showing correlation between and V Not as we were expecting the graph resembles a parabola. We believe that, in order to obtain a straight line we must square both the centripetal force and velocity. This will give us the proportionality found in the formula: F = mv2/ r. We believe that, by plotting this graph we will be able to prove our prediction that the velocity squared is proportional to centripetal force. By plotting the mentioned correlation we get: Graph 2 Showing correlation between Fc and V2 Even though the best linear fit is not a perfect straight line there are no big discrepancies in our results (such as an outlier). The RSME value or the root means square error tells us how far the linear fit is from the plot points. The value of 0.02 is really low and suggests that the best fit is really close to the original data. Also the difference between the possible maximum value and possible minimum value of the spring is so low: Maximum slope: 0.13 Minimum slope: 0.11 Difference: 0.02 So we have the slope of our straight line being: 0.12  ± 0.02 Because the RSME value is low, we can infer that the value obtained is realistic. In addition due to the fact that the best linear fit touches (including or not the error bars) all the data points we can infer that the graph is accurate and, consequently, so are our results. CONCLUSION AND EVALUATION All in all this investigation led to fairly precise results. We do however think that the experiment can be improved in several ways. The following improvements would increase the reliability of the experimental procedure. Among the difficulties involved in the experiment we found, for instance, speed which we did not manage to keep constant when swirling the mass. Every so often the movement of our body would vary the speed at which the mass was being swung. In addition the swing rotation was not constantly a horizontal line. These factors will cause our results to become less accurate. Furthermore we faced some difficulties when swinging the stopper with constant power and speed; sometimes our hands touched the string which was not supposed to be touched during the rotations. The stopwatch delay and the human reaction time also affected our results to some extent. For example in a time of 5 seconds the human reaction time of 0.7 seconds can be very significant in the result as 1.4 seconds are involved in starting and stopping the stopwatch. Therefore these factors together are the responsible for us not obtaining a perfect parabola and consequently a perfect straight line. Moreover we found really ha rd to determine the initial and final point in relation to which the rotations were being counted. This probably led us to miscount the number of rotations. Therefore in some cases we might have had more or less than 20. Many changes could have been made to the experiment to make it more accurate: Setting up a better method of counting the rotations completed by the bung by using more advanced equipment than merely relying on human reactions. Increase the amount of rotations to ensure greater accuracy.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Increase the number of repeats to get a more accurate average.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Set up computer equipment to time the experiment more accurately. This could be done using a motion sensor connected to a data logger (logger pro 3) to record the information.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   By doing the experiment outside uncontrollable factors such as wind can increase friction acting upon the bung and alter the time by small amounts which still make the experiment less accurate. Further work as increased number of repeats could be carried out. In addition, different experiments can be done with increased number of rotations and larger radii. If one decides to investigate the effect of another variable such as radii the experiment will keep the same; the only difference will be that the weight hanger will be kept constant and the radii will vary. If we decided to increase the radii being investigated we would conclude that as the radius increases so would the time to complete 20 rotations for the bung, in a proportion directly related to the increase in distance. This is because we know that F = mv2/ r. Where F = force, m = mass, v = velocity and r = radius. So if r is increased then all the other variables increase in direct proportion to the initial increase. Newtons First Law states that an object travels at constant velocity unless acted on by an unbalanced force. The unbalanced force is the weight in our experiment which increases the force making the sp eed increase because more force is being added. Therefore, this explains why the speed increases. Now we will try to explain our results based on our scientific knowledge. If we draw a free body diagram of what is happening during the experiment we will come to the conclusion that the tension in the string (which is equal to the centripetal force) is being produced by the force of gravity which is acting on the load being used. From graph 2 we see that centripetal force increases in a direct proportion to the square of velocity. This relationship is further explained by the formula: F = Since m and r are kept constant and v is our dependent variable we see that force, in fact, should increase as our experiment suggests. Thus our experiment proves the formula for centripetal force. Looking at the experiment we see that fairly good results were obtained. They, despite the uncertainties, allowed us to prove Hooks Law. Due to the fact that the experiment was dynamic, a few sources of errors affected our results. We see that the curve obtained is pretty close to a straight line which is reinforced by the low RSME value. All in all this tells us that the method is reliable and lead to precise results.

Iraq War Is Both Necessary and Justified Essay -- Political Politics

Iraq War Is Both Necessary and Justified This essay is in defense of the Iraqi War. President Bush’s vocal critics state that American troops’ have been sacrificed in the Iraq War. First of all, the word â€Å"sacrifice† means that a person voluntarily does or gives up something at his or her own free will (like a bunt to advance a runner in baseball or Catholics sacrificing and giving up chocolate for Lent). I don’t believe that any of those soldiers that have been killed in the war deliberately intended to die or were â€Å"sacrificed† as Michael Moore has erroneously stated. And I’m sure that if President Bush knew the names of those soldiers that were going to be killed, I’m certain he would have ordered those individuals to stay on U.S. military bases and not engage in combat in Iraq. Secondly, in World War II over 405,000 American military personnel had been killed, and that happens to constitute over 400 times the sacrifice that our nation has made in the combined Afghan/Iraq Wars. And besides that horrendous astronomical figure over 671,000 American soldiers were wounded during WWII. I agree with the anti-war pundits that each American life should be valued, but when you analyze â€Å"sacrifice† in its true context, look to the past to equate the true cost of freedom. The World Trade Center twin-towers catastrophe was very comparable to Pearl Harbor on December 7, 1941, and in fact more people died on September 11th on U.S. soil than were bombed and killed at Pearl Harbor. Now here’s where the liberal mindset suddenly turns philosophical. â€Å"The Iraq War should not be fought and it cannot be validly compared to WWII,† they will argue. President Bush does not like or want war, but sometimes war is the only viable measure to take. I stro... ... Palestinian suicide/homicide bomber’s family $30,000 of â€Å"oil for food money† just to ensure that terrorism in the Middle East would thrive and continue. The same attitude that prevailed among the demented German Fascists exists among the radical Islamic Fascists: â€Å"Blame it all on the Jews!† The United States of America protects all of the free world including anti-war protestors in Canada, Europe and even here in America. The USA is the greatest force for good the world has ever known, but our nation can only continue being great through strength, economic prosperity, free enterprise and courage to act, to demonstrate leadership and to defend what is right, what is just and what is necessary. And there’s one final thing to say to all anti-war liberals. How much money is Al Qaeda donating to the hurricance victims? Get on the right side of the fence and stay there.

Ge’s Two Decades Transformation

Transformation: Jack Welch's Leadership Answer 1 In April 1981 , when Jack Welch became the CEO of GE, US was in recession. There were high interest rates. Strong dollar resulted in country's highest unemployment rates. In this rapid changing and uncertain environment it was extremely difficult task for him to handle a conglomerate as big as GE and ensure that general confidence among the investors is not lost. His predecessor, Reg Jones, had set the bar extremely high at the company leaving a legacy for Welch to compete with as the ew CEO.Also, acquiring new businesses and ensuring that each business unit under the GE umbrella was one of the best In its field was another challenge. Welch was extremely effective in taking over the GE reins. He challenged each to be â€Å"better than the best† and planned radical changes across the company. under his guidance, the company expanded dramatically from 1981 to 2001. * He Instilled In everyone a culture of innovation and learning, a nd incorporated measures related to new product development, technological leadership, and rates of improvement. * He set he standard for each of business to become #1 or #2 or get out of business. Welch categorized business In 3 circles as core, high technology and services and sold off 200 businesses which all together contributed for 25% of sales. * Even budgeting process got radically changed and evaluation started against external competition rather internally. * Managers that did not fit into or who failed to embrace his strategy were let go. Anything and anyone that didn't bring value to GE was eliminated. The most Important change he brought in was by eliminating the sector evel and reducing the hierarchical levels from 9 to 4. * Through downsizing, de- staffing and delayering, Welch modestly Increased revenues from $27. bn to $29. 2bn. * Welch made a varsity team where he wanted managers who were ready to accept change, have a strong commitment towards values and willing to break with old culture and most of all ready to take lead and bring changes. Answer 2 Welch's objectives: To modify the culture of the company to match the needs ot the changing environment and to make sure that each employee embraces the new culture with ease. He created an environment of openness, speed, simplicity and self-confidence. * To get the fundamentals right. * To create a culture of a small company a place all felt engaged and everyone had voice.A forum where employees could not only speak their minds about how their business might run more effectively but also get immediate response to their ideas and proposals. * To increase productivity beyond imagination. He made six sigma a part of the culture * He focused on locating and developing leadership at all levels of the company. GE employees were being developed, evaluated and compensated ased on a demanding evaluation process called â€Å"Session C * To incentivize stronger work ethics, GE revamped its compensation pac kage by offering more stock options tied directly to individual performance for program initiatives.Welch wanted ‘Of3 employees to Teel valued Tor tnelr contrlDutlons, ana nlgnly-compensatea Tor tnelr efforts. Welch based his proposed and implemented changes on proven tactics used by other successful. For eg. Implementation of Six Sigma first stared by Motorola. He realized it was important to develop leaders and break from the conventional to chieve extremely high standards and be at the top, undefeated. So he revolutionized the way GE worked. Answer 3 GE defied critics by implementing not Just strategies to combat the challenges faced but by implementing a long term sustainable strategy that will be a masterpiece for years to come.Although GE had gone through a major reorganization that contributed to its successes, the changing business climate when Welch took over as CEO required more to be done. Welch realized that overcoming the magnitude of challenges would require unco nventional leadership and bold strategies. In times of uncertainties and recession, the normal course of action for many businesses is to engage in cost cutting strategies, but he believed investments in the right places during hard economic times enables a company to perform better during and after a recession. Right investments at right time: He offloaded all the unprofitable or not so profitable businesses and acquired companies during the slowdown. This was a clever decision since companies can be bought really cheap during recession. GE had acquired firms that enabled it to expand globally and developed global operations hat resulted in the company almost doubling its international revenue to $42. 8billion * Adapting various strategies which included â€Å"Fix, Sell or Close†.This strategy is an indication that Welch did not adapt cost cutting strategies like many of the companies during that time. Welch ‘s goal of making GE lean and agile resulted in de-staffing a nd reduction of bureaucracy, eliminating layers of hierarchical that were bottlenecks to growth. * Critics saw the company's strategy of developing leadership and employee capabilities enhancement as being risky especially in times of ncertainties. However, through the determination of Welch and his team, and the desire for change; the risk paid off contributing to the value of the company.Welch understood that strategy is not about doing things better, but it is about doing things differently through effective decision making and knowing where to compete and how to compete regardless of how radical and risky it may seem to critics. * Through the stretch target initiatives, all employees were asked to prove how good they can be by setting and reaching higher goals that were once deemed to be impossible to achieve. Another important value added to the company was the service business, which contributed to 2/3rd of the company's revenues.With Welch's leadership GE ventured into new se ctors, and did away with ineffective ones, developed a massive global market that out performed its domestic markets, created a service industry and an E-business. * Last but not the least, his introduction of the Six Sigma quality initiatives led to 62% in turnaround time, return of $750million over the investment exceeding expectations along with a forecast of additional returns of $1. 5 billion in 1999. Thus created a large complex diversified conglomerate that continues to defy the critics and grow in performance and profitability.Answer 4 According to me Welch set the standard really high for the rest of the world. There was so much to learn from Welch's leadership. He initiated a change in mindset and was successful in doing it, thanks to his commitment and rock solid attitude. Jack welcn's mlsslon was to restructure tne company In order to Decome tne #1 or # the industry. He embraced change, expected his team to do the same, and challenged his team be â€Å"better than the b est†. Furthermore team members had to have the willingness to take charge, to think outside of the box, and most of all to be team players.Welch fostered open communication and created a culture characterized by â€Å"speed, simplicity, and self -confidence. † Welch never rested on his last success; he continued to innovate and to look for ways to grow the business both internally and externally. He understood that GE's assets were in fact their people and in turn had to be managed as a company resource. Welch's unwavering involvement in every facet of the business was essential to all of these directives. Everything Welch did reflected his belief in his people and as he once stated. l own the people, you Just rent them. † Without a doubt, Jack Welch's leadership has left a lasting impact on GE and the business world. Welch's has left a legacy for his successor. The successor will need to establish him/herself and make a name for themselves. This person will need to clearly communicate their vision and how they will go about accomplishing those goals. He/she will need to continue to foster open communication in an effort to continue to encourage teamwork. Innovation will be crucial if the company is to thrive under the new leadership.

The Malaysian Sibu Pasar Malam

Judging by the popularity of the Malaysian night market or pasar malam, it’s safe to say that this form of trading is here to stay despite the surge of shopping malls in the country. Markets of any kind are often representative of a country’s culture and the way of life of its citizens. Markets essentially bring together traders, ordinary people and children, either for a simple errand or a journey to discover delicious food and local goods. Some of the more well-known night markets are in Taiwan and Hong Kong, but Malaysians believe their country offers some of the best night markets – known locally as the pasar malam – to rival their counterparts in Asia. The Sibu Pasar Malam Survivors in the concrete jungle One would think that shopping at night markets would lose its appeal in a country where shopping malls are fast emerging. But judging from the crowds, the pasar malam is here to stay. Bangsar Baru’s night market is one of many examples of how a pasar malam survives in a rapidly developing city. Hundreds of Bangsar residents and tourists flock to this night market weekly, to buy groceries, have a meal or simply soak in the colourful atmosphere. The term night market does not necessarily mean that the market operates solely during nightfall. As early as three in the afternoon, access to main roads are closed, so that stall owners or hawkers can start setting up their stalls, umbrellas, tables and flourescent lights, and start displaying their goods and produce. The stall owners start this early and trade late into the night, sometimes till 11pm or midnight. Sunday is a popular day for the pasar malam, simply because it’s a day off and people have the time to window shop and run their weekly errands. Popular spots include Bangsar, Paramount Garden and Batu Feringghi in Penang. Some night markets open daily such as the one in Taman Connaught in Cheras. The pasar malam on Lorong Tuanku Abdul Rahman is believed to be the largest one in Kuala Lumpur, trading only on Saturdays. Sometimes, depending on the popularity of the markets, one residential area would hold two night markets in a week, taking turns to capture the attention of shoppers. SS2 is an example. On Mondays, the stalls are set up around the playground in the central area of SS2?s commercial area, attracting hundreds of patrons each week. On Thursdays, the area near the Cheow Yang shops are closed off for the second night market. Plenty to choose from: Tourists surveying the mouth-watering food at a pasar malam. Trinkets, treasures and a whole lot more Night markets attract people from all ages and all walks of life. Produce and goods such as vegetables, fruits, snacks, toys, clothes and all types of household ornaments are for sale at these night markets. Patrons will always tell you that goods are slighty cheaper at the pasar malam compared with produce and goods from the supermarkets or shopping malls. The novelty of shopping at the night markets is that patrons have the opportunity to haggle and bargain for lower prices with traders. Tourists are also advised that pasar malam offers them a chance to practice their bargaining skills with the local business community. Treasures are in abundance in the night market, depending on what is sought. For example, in Sarawak’s Lembangan night market, patrons could possibly find jungle fruit and ferns, snakes or snails. First time visitors to night markets are told to expect noisy, jostling crowds, and as such, are not for the claustrophic or the shopping mall addict. The colour, smells and conversations at a pasar malam offer a wonderful opportunity for locals and travellers to enjoy Malaysia’s cultures and diverse communities.

Scarlet Ibis Symbolism Essays

Scarlet Ibis Symbolism Essays Scarlet Ibis Symbolism Paper Scarlet Ibis Symbolism Paper Hurst wrote a short story with contrast of a characters soul and body. In his story, the character Doodle was born with a sort of disability. These disabilities greatly inhibited and prevented his ability to lead a normal childhood. His brother always wanted a brother to bond and share the Joys of childhood with. In a blind quest, Doodles brother trained Doodle to overcome his disability by teaching him to walk and take part In typical boyhood activities. Yet with al of this emphasis on Doodles physical self, Hurst sneaks In a hidden plethora of emphasis on Doodles Inner character through Doodles Lies and stories, Old Woman Swamp, and Doodles name. Doodles lies and stones are filled with his Inner soul. One of his Lies Includes people that?instead of walking?fly, and a giant peacock that loves and takes care of a boy. Hurst uses this symbolism to show Doodles wish to be loved and to walk Like his fellow brother. His stories were those of a dreamer who no longer wants to be bound by restrictions imposed on him involuntarily. His stories were those of a dreamer. He dreams of a life where he, married to his mother, and his brother, married to their father, could live in Old Woman Swamp. All would live a life of joy and happiness together. These stories represent his version of a perfect life, where no one is suffering or restricted physically or in spirit, unlike his own. James Hurst uses Old Woman Swamp as a place of acceptance and of love. Here Doodle and his brother spend time improving Doodles basic skills, without being judged or influenced by the rest of the world. Here Doodle learned to walk, to row, to ox, and to be a normal kid. In Old Woman Swamp, other people never judge or tell Doodle what he can or cant do. Here he can enjoy his childhood without the constant teasing and barriers set up by other people. Childlike innocence would follow Doodle everywhere in the water as Doodle swims, or in the trees as Doodle climbs them. An innocence that knew no bound that, unlike Doodle physically, could shatter any barrier. That innocence was inside of Doodle, fueling his soul, fueling the passion of being able to be a normal boy. If only for a moment, Doodle was normal whenever he .NET to Old Woman Swamp. Doodles brother gave Doodle his demeaning name. No one expected much from this boy, as no one expects much from a doodle. No one thought that Doodle would get out of bed, but he did; no one thought that Doodle would walk, yet he did that, too. Doodle set out to disprove every prejudice he encountered, to break the theories of his Imprisonment, to show the world that he was still human. On the Inside Doodle has the capacity to do anything. If he sets his heart to It, he will prevail. What his brother didnt know was that when he named his newly born brother Doodle, he loud be giving him of the greatest gifts In life: ambition. As a result, James Hurst uses Doodles Lies and stories, Old Woman Swamp, and Doodles real name to define his true Inner character. These three elements define his soul: the beauty of it and the stark contrast with the horrible reality that makes up his life. His inner spirit wants to be free, to no longer be defined or enclosed. El longs Tort a perfect Tie winner ten ones en loves live together In maroon, where no one is bound by restrictions, and finally Joy and happiness reign supreme.

Free Essays on Summer

Out of all the four seasons that we receive each year here in United States, the one that has appealed to me the most is the summer time. Why you ask? There are a lot of things to do and activities that are available for our us during summer compared to the other seasons. Plus the warm weather, the sunny days, and the long bright nights we receive during that time makes our summer time even more exciting and fun. A typical college student like me who does full time school and still manages to work 20 hours a week is a ongoing struggle and stress over the whole school year. Sleepless nights doing homework, studying and analyzing the next lesson for the next lecture, a twenty page reading every night is my daily routine, and this provides me a little over a maximum of 4 - 6 hours of sleep everyday. And this is a harsh daily routine for me until summer comes. Summer time allows me to get at least 8 hours of sleep every day for 7 days a week and that is something unheard of during this time around. With the school being out for 3 months, summer is the greatest time to catch up with sleep and rest. Something I’ve been wanting since the beginning of the semester. No homework, no studying, and yes there is no school. Typically every summer when there is no school, I always get on a 3 month vacation from my job or either leave my job if they don’t allow that. Summer is a great time to travel and explore great new places either around United States or other parts of the world. Typically I will travel around North America with my closest friends. Road trip is probably the best choice for us. Down south has the best places, Florida, New Orleans, California, Las Vegas, and Tijuana, Mexico has the best places that we visited and the most memorable. Not only vacations gives you time to yourself, It is also a great time to bond with you friends, and family. With all the time I spent in school and work, last this school year, havi... Free Essays on Summer Free Essays on Summer Out of all the four seasons that we receive each year here in United States, the one that has appealed to me the most is the summer time. Why you ask? There are a lot of things to do and activities that are available for our us during summer compared to the other seasons. Plus the warm weather, the sunny days, and the long bright nights we receive during that time makes our summer time even more exciting and fun. A typical college student like me who does full time school and still manages to work 20 hours a week is a ongoing struggle and stress over the whole school year. Sleepless nights doing homework, studying and analyzing the next lesson for the next lecture, a twenty page reading every night is my daily routine, and this provides me a little over a maximum of 4 - 6 hours of sleep everyday. And this is a harsh daily routine for me until summer comes. Summer time allows me to get at least 8 hours of sleep every day for 7 days a week and that is something unheard of during this time around. With the school being out for 3 months, summer is the greatest time to catch up with sleep and rest. Something I’ve been wanting since the beginning of the semester. No homework, no studying, and yes there is no school. Typically every summer when there is no school, I always get on a 3 month vacation from my job or either leave my job if they don’t allow that. Summer is a great time to travel and explore great new places either around United States or other parts of the world. Typically I will travel around North America with my closest friends. Road trip is probably the best choice for us. Down south has the best places, Florida, New Orleans, California, Las Vegas, and Tijuana, Mexico has the best places that we visited and the most memorable. Not only vacations gives you time to yourself, It is also a great time to bond with you friends, and family. With all the time I spent in school and work, last this school year, havi...

Analysis Of Bmw In Uk Market Economics Essay

Analysis Of Bmw In Uk Market Economics Essay Choose a company based in UK or another EU country, use micro and macro data to analyze the company and give recommendations based on previous analysis â€Å"This is to certify that the work I am submitting is my own. All external references and sources are clearly acknowledged and identified within the contents. I am aware of the University of Warwick regulation concerning plagiarism and collusion. No substantial part(s) of the work submitted here has also been submitted by me in other assessments for accredited courses of study, and I acknowledge that if this has been done an appropriate reduction in the mark I might otherwise have received will be made. Analysis of BMW in UK market 2007-2009 Introduction Headquartered in Munich, Germany, BMW Group is one of the leading auto manufacturers in the world. With three of the strongest premium brands in the car industry —BMW, MINI and Rolls-Royce, BMW targets at the high-end market. BMW (UK) is a subsidiary of BMW Group. Being t he third largest market for BMW Group worldwide, UK is the only country where all the three premium brands are presented (BMW UK Fact Sheet 2009). This essay intends to use micro and macro tools to analyze BMW’s sales volumes in UK from 2007 to Q3 2009, and to find out dominating factors accounting for changes in the company’s performance. Microeconomics Investigation mainly focuses on the influence of three determinants of demand. Macroeconomics Investigation selects five variables—GDP growth, VAT, interest rate, CPI inflation and average earnings for analysis, and also predicts BMW’s performance in the near future based on the tendency of macroeconomics environment. Finally, the essay gives three suggestions that the company can consider. Data in this essay is from BMW’s quarterly reports and Annual reports, UK Office for National Statistics, SMMT (The Society of Motor Manufacturers and Traders), fuel reports released by AA Public Affair and Infl ation Report issued by Bank of England. In addition, in order to provide updated information, references in this essay are mainly from authoritative newspaper and press, such as The Times, The Sunday Time and Times Online. I Sales Review Figure 1. BMW UK quarterly sales volume (Source: BMW Quarterly Reports and Annual Report 2007, 2008) Between 2007 and 2009, BMW has experienced great changes in sales volumes in UK market. From the graph, we can see that sales volume rose steadily in the first three quarters of 2007. However, it fluctuated and stood at 44,770 units in Q2 2008. Then a slump followed and sales volume reached a trough of 23,982 units at the end of 2008. Finally, the first three quarters in 2009 witnessed a recovery of sales volumes, which stayed at 39,039 units by the end of Q3 2009. Now, we’d like to analyze the reasons behind the changes in BMW’s sales volumes in UK based on the micro and macro investigation. II Microeconomics Investigation Determinants of demands played an important role in sales volumes. There are three determinants as follows: Price Elasticity According to John Sloman and Mark Sutcliffe (2004), determinants of price elasticity of demand are number and closeness of substitute goods and the proportion of income spent on the good.

What efforts have governments in Korea made to reform the chaebol Essay

What efforts have governments in Korea made to reform the chaebol since the mid 1990s - Essay Example Over the past two decades its annual growth rate in terms of gross national product (GNP) has been 9% and exports have increased 30%--the highest increase and growth rate in the world for that time span. By achieving $70 billion annually in exports, with a surplus in ordinary balance of more than $9 billion a year, Korea is now among the worlds top ten exporters. Today, Koreas per-capita income has reached $5,000--up from a meager $82 in 1961 (Chan Sup Chang, 1988). It is clear that strong leadership, sound economic planning by the government and the prodigious productivity of Koreas workers are important elements in this remarkable economic boom. As one Japanese executive said, "The Koreans are the only people who still work hard." Skilled and diligent workers have been an especially important driving force behind economic success (Ihlwan, 1998). According to the International Labour Organization, the Korean work week averages 54.4 hours--the highest in the world. However, the real catalysts in Koreas economic success have been the efforts of the private business sector, especially those of the chaebols (Korean conglomerates or financial cliques). The Bank of Korea reports that the total earnings of Koreas top 30 chaebols will reach $200 billion--about 95% of the nations GNP--in the 1990s. Clearly, the state of the Korean economy reflects the success of the chaebols; as a result, these groups have piqued international interest. In this article we shall examine the corporate values and strategies unique to chaebols. Korean chaebols--e.g., Hyundai, Samsung, and Lucky-Goldstar--emerged as major corporations during the late 1950s. The formation and growth of such conglomerates accelerated between the early 1960s (e.g., Hanjin, Korea Explosive, Hyosung, Ssangyong, and Dong-A) and the early 1970s (e.g., Daewoo, Sunkyong, Lotte, Kolon, and Doosan). Korean chaebols are often compared to

Characters in OConnors stories Essay Example | Topics and Well Written Essays - 500 words

Characters in OConnors stories - Essay Example This research will begin with the statement that the characters of the grandmother in O’Connor’s story ‘A Good Man is Hard to Find’ and Mrs. Ruby Turpin in ‘Revelation’ are similar to a great extent. Grandma, a widow lives with her son’s family including grandchildren while Mrs. Turpin lives with her husband only. Both are in need of Catholic Grace and they belong to the Afro-American population. Both the characters are overconfident about their image, beliefs, and traditions. Grandma remarks about the current generation, saying, â€Å"In my time†¦ children were more respectful of their native states and their parents and everything else. People did right then†. On the other hand, Mrs. Turpin gets satisfaction in nomenclature – â€Å"white-trash woman†, â€Å"the pleasant lady† etc.   She likes scrutinizing people around her and derived at conclusions about them. She also contemplates what she could be if she is not herself. She always thanks Jesus for making her what she is and she also feels that Jesus is good to her. In contrast, Grandma believes that the finest lady God has made is her mother and does not directly talk of God’s blessings on herself. However, both retain their pride and feels that God’s has some extra favor on them. Unlike Mrs. Turpin, the latter, however, does not live in a world of fantasy or dreams and in contrast, she is more practical as she knows the ways and directions and keeps herself updated with the news of the Misfit.

American Governement Essay Example | Topics and Well Written Essays - 2000 words

American Governement - Essay Example That is, the constitution that has become synonymous with what is known of the American existence. To best understand the power of the document and the events surrounding its creation, the first thing to do, would be to observe the very men who were involved, with the process of creating it from the beginning. The very men that, through their efforts, would pave the way towards the present state of the American process of government. One of those very men would be James Madison. A man who would set forth to help create a governing document and someone who would at one point serve the young nation as it's 4th President. With everything riding upon the insatiable desire of the men to create a document that would prove to be long lasting, the stakes involved would appear to be considerable. A key concern for the founders, would be the preservation of liberty. Author James Wilson includes the following portion in his text, of a statement given by James Madison, that involved the creation of a stable government. It reads in part, "... You must first enable the government to control the governed: and in the next place oblige it to control itself," (Wilson, p. 15, 2005). As is the case in many other instances, initial intentions may fall by the waste side during the course of an initial process with a desire goal(s) in mind. In the case of the Constitutional Convention, "When James Madison and the other 56 delegates to the Constitutional Convention met in Philadelphia in May 1787, they intended to amend the Articles of Confederation," ("James Madison's", para. 1, n.d.). While the men would have initially come together to revise an existing document, the resulting consequences of their final work would have lasting implications for over two centuries. Another existing document that served to be a basis for the resulting doctrine of the constitution, would be the Virginia Plan. Basically a summation of the intended items intended for inclusion in the final draft of the constitution, the plan itself would become one of the many parts of this historical period in time. "By agreeing to consider the Virginia Plan, the convention, fundamentally altered its task from amending the Articles to designing a true national government," (Wilson, p.16, 2005). To give a better glimpse of the outside environment surrounding the convention, "May 25, 1787, freshly spread dirt covered the cobblestone street in front of the Pennsylvania State House, protecting the men inside from the sound of passing carriages and carts," (Bent, para. 1, n.d.). From such menial beginnings at the heart of pre-technological advancement, along with varying sociological and economic circumstances of the era at the time, the constitution would be an enduring document that would stand the test of time. Having the intended changes and guidelines be such that, it would continue to be felt by the very nation that it was created to protect. In place of a reigning monarch, the American political system would be comprised of a central political figure, in this case the President, along with a judicial branch made up of the House of Representatives and the Senate. With each body of power, the President's being considered the Executive, having their own roles that would, from time to time over many decades, find themselves intertwined with each other to varying degrees. Aligning itself with this very mentality, authors Allan J. Cigler and Burdett A. Loomis make

Paul Cezanne,post impressiont artist.His bibliography and works Essay

Paul Cezanne,post impressiont artist.His bibliography and works - Essay Example This paper discusses in depth about the bibliography of Paul Cezanne and his works in the field of art. Paul Cezanne was born in 1839 by a single mother who later got married to his father when Paul was at five years of age. This separation of his parents at his tender age branded him with stigma of illegitimacy causing him discomfort. At the age of 13, Paul attended Bourbon College where he met Emile Zola. His opportunity to go to school was the beginning point of his long life dream and success. He always attended drawing classes at a nearby academy when he came from school. This made him yearn for more drawing skills and gave him the desire to become a well-known artist2. His old time pal, Emile Zola, still encouraged him while he was at Paris. He kept motivating him through letters to move to Paris and further his skill in painting. His father who was a successful businessperson never approved of his son’s desire to become an artist. He advocated Paul to purse law, which he did and performed extremely marvelous in his first examinations. Cezanne’s uncomfortable relationship with his father made him unable to approach him regarding his dream and passion of art. However, his desire to move to Paris overwhelmed is fear upon his father and he went ahead to tell him about his plans3. To his disappointment, his intention to leave for Paris and further his art was met with disdain. He dropped out of school and his father lost hope in persuading him to continue with his law classes. He then offered him some money to cater for his expenses at Paris. Life at Paris was not at all smooth for Paul Cezanne. He failed in his entrance exams and the most hurting point was the rejection of his paintings. He completely lost hope in his dream as an artist and went back home regretting why he had tarnished his father’s dream of wanting him to study law. However, to be successful, an individual has to struggle and persist despite the

Law Ethical Issues Essay Example | Topics and Well Written Essays - 250 words

Law Ethical Issues - Essay Example The essay "Law Ethical Issues" talks about the aspect of moral conduct within the law enforcement and the courts. Some of the moral issues that are recurrent in these two areas are; corruption, brutality towards the prisoners, controversial killing through either wrong sentencing or shooting by a police officer, drugs conspiracy among the court officials, the law enforcers, and the criminals. In this case, the drugs disappear from the evidence custody. Moreover, there is an inadequate investigation of the case by the law enforcer, which leads to a wrong court judgment. It is clear that some of these morals issues referred to in these two areas are, as a result, of recklessness and indiscipline. Others are due to the dilemma and long term relationship. Some of the breaches are due to lack of skills or even pressure, which affects their reasoning capability. The only necessary measures to address corruption would be, to ensure there is a regular transfer of the officials. This process will give them no room to establish a relationship with local people. Enough time should be providing for the investigations. More than one department of law enforcement should be pulled in carrying out the study of a given case. Regular training of the officers and discipline drills should be carried out on prisoner handling. Clear guideline as to when the firearm is to be used should be appropriately described. Review of judgments delivered by the Court should also be carried out by the superiors to confirm that no law has been breached.

Improving diversity in hospital boards Research Paper

Improving diversity in hospital boards - Research Paper Example As a nation, the U.S is a melting point of multiple ethnic and racial subgroups thus, ensuring workplace diversity is essential in order to meet the various needs and demands of the diverse population. There is a need for workplace diversity as according to statistics the number Hispanic population by 2050 is expected to triple while that of the blacks is expected to double, as the white remains the same yet workplace diversity is an important challenge. The Hispanics constitute 12 percent of the American population and only 2 percent of nurse’s work as healthcare providers, and the same case applies to the black Americans. Diversity in the health care delivery system is important as it improves the access to care among the racial and ethnic small groups; it enhances a greater patient satisfaction and a better patient communication. Moreover, it enhances the cultural competence of the health care personnel that is associated with greater health care outcomes (Rosenbaum & Leona rd, 2013). The effective running of hospitals and other healthcare institutions will largely be determined by an effective cooperation between the hospital management and the board in the governance. Hospital boards play an essential role in ensuring that there is diversity in the workforce as part of their support in hospital setting. A diverse hospital board will ensure that all the needs of the different groups of people are met in an effort of reflecting and responding to the different patient’s needs. In ensuring that there is an improvement in the hospital board’s diversity, it is important for healthcare organizations to act in accordance with the diversity, policies and legislation stipulated to protect individuals from discrimination (van Knippenberg & Schippers, 2007). Thus, the health institutions need to obey the laws to ensure that there is diversity in the hospital workforce to meet the diverse needs of the patient’s population. Being aware of the

Law Ethical Issues Essay Example | Topics and Well Written Essays - 250 words

Law Ethical Issues - Essay Example The essay "Law Ethical Issues" talks about the aspect of moral conduct within the law enforcement and the courts. Some of the moral issues that are recurrent in these two areas are; corruption, brutality towards the prisoners, controversial killing through either wrong sentencing or shooting by a police officer, drugs conspiracy among the court officials, the law enforcers, and the criminals. In this case, the drugs disappear from the evidence custody. Moreover, there is an inadequate investigation of the case by the law enforcer, which leads to a wrong court judgment. It is clear that some of these morals issues referred to in these two areas are, as a result, of recklessness and indiscipline. Others are due to the dilemma and long term relationship. Some of the breaches are due to lack of skills or even pressure, which affects their reasoning capability. The only necessary measures to address corruption would be, to ensure there is a regular transfer of the officials. This process will give them no room to establish a relationship with local people. Enough time should be providing for the investigations. More than one department of law enforcement should be pulled in carrying out the study of a given case. Regular training of the officers and discipline drills should be carried out on prisoner handling. Clear guideline as to when the firearm is to be used should be appropriately described. Review of judgments delivered by the Court should also be carried out by the superiors to confirm that no law has been breached.

14-year old girl was found unconscious near Expo Center Essay Example for Free

14-year old girl was found unconscious near Expo Center Essay KARACHI: An earthquake of magnitude 4.6 on the Richter scale rocked the coastal city of Karachi and adjacent areas late on Monday night. According to the seismic center, the epicenter of the quake was 10 kilometers deep in Hub, Balochistan he police on Monday night identified those six deceased people whose bodies were found dumped . Khan was strangled to death by unknown people along with his wife Nadia Amer and three sons Roman Khan, Adam Khan and Haider Khan and his 24-year-old servant. According to sources, Ameerullah Khan, a millionaire, was the the owner of real estate worth millions of rupees in Peshawar. Reportedly, he was not only engaged in a dispute with his brother and brother-in-law over the ownership of the property but was also receiving threats from land mafia. KARACHI: Eid-ul-Azha today (Tuesday) is being celebrated in Saudi Arabia besides Gulf, European, Far Eastern countries, US and Europe, Eid-ul-Azha will be celebrated in Pakistan tomorrow Wednesday, while the Pakistani expatriates in US and Europe like our northern areas would also be celebrating two eids, as some of them slaughtering sacrificial animals on Tuesday, while others would be doing so on Wednesday. See more: Sleep Deprivation Problem Solution Speech Essay ISLAMABAD: Pakistani troops early Tuesday morning responded to the unprovoked firing by Indian forces across the Line of Control (LoC) and reduced them to silence, The sources further said that Pakistans tit-for-tat retaliation forced the enemy to retreat to its bunkers. LONDON — Malala Yousafzai, the Pakistani schoolgirl who wasshot in the head by the Taliban for her advocacy of girls’ education, was awarded the Sakharov Prize for Freedom of Thought on Thursday by the European Parliament. Ms. Yousafzai was chosen as the winner of the $65,000 Sakharov Prize by the heads of the political groupings in the 766-member European Parliament. LONDON — The Pakistani police arrested Pervez Musharraf, the nation’s former military ruler, on Thursday, opening a new criminal prosecution against him that frustrated plans by his supporters to fly him out of Pakistan. Muhammad Rizwan, a senior Islamabad police official, told reporters that Mr. Musharraf would remain under house arrest at his villa outside Islamabad, where he has been confined since April. It is not clear, however, whether the court order represents a major obstacle to Mr. Musharraf’s plans to leave Pakistan, or a temporary one. deadlysiege of the Red Mosque in Islamabad in 2007. A Pakistani court granted bail on Wednesday to Pervez Musharraf, the country’s former military ruler, clearing the way for him to leave the country as early as Thursday, his lawyers said. Mr. Musharraf, 70, has been under house arrest at his villa outside Islamabad since April, facing criminal charges in three cases related to his nine years in power, from 1999 to 2008. Mr. Musharraf had already been granted bail in two of the three cases, and the decision on Wednesday to grant bail in the third — related to the death of Akbar Khan Bugti, a Baluch nationalist leader killed in a military operation — opens the door for him to avoid prosecution entirely. Mr. Musharraf’s lawyers said that his bail payment of $20,000 could be processed as early as Thursday morning; he could then leave Pakistan immediately.

Porters Five Forces Analysis Of Aviation Sector Engineering Essay

Porters Five Forces Analysis Of Aviation Sector Engineering Essay Barriers to Entry The aviation sector is one of the most expensive and extremely risky sectors due to high capital costs. These costs include buying and leasing aircrafts, fuel, safety and security measures, labor, customer service, etc. The increasing fuel costs have affected the airline industry adversely as it has a direct impact on the operating costs. A weakening economy also affects the airline revenues as the demand for air travel and air freight reduces and business and leisure travelers become highly price sensitive. UAE restricts complete foreign ownership of a company. All the companies are supposed to have at least one or more national partners who account for at least 51% of their capital. Therefore, the existence of high start-up costs and other barriers discourages new competitors from easily entering this industry. http://www.mlive.com/business/west-michigan/index.ssf/2011/02/rising_jet_fuel_costs_affectin.html http://www.investopedia.com/features/industryhandbook/airline.asp Competitive Rivalry The rivalry existing in the UAE aviation industry is intense since there are over 110 airlines currently flying to more than 160 destinations from Dubai International Airport itself. Since Dubai is located in a very strategic location and it is the business capital of the Middle East, the aviation industry showed a very strong growth in the last decade. All the carriers are constantly struggling to steal the market share from each other. Each airline is trying to have competitive prices and is working on lowering its operational costs to increase efficiency and profitability. This has lead to saturation in the market and airlines have to compete to survive in the UAE airline industry. http://www.dubai.ae/en.portal?vstrs_arrv_dxb,vstrs_arive_air,1,HYPERLINK http://www.dubai.ae/en.portal?vstrs_arrv_dxb,vstrs_arive_air,1,_nfpb=true_pageLabel=lifeEventDetail HYPERLINK http://www.dubai.ae/en.portal?vstrs_arrv_dxb,vstrs_arive_air,1,_nfpb=true_pageLabel=lifeEventDetail _nfpb=trueHYPERLINK http://www.dubai.ae/en.portal?vstrs_arrv_dxb,vstrs_arive_air,1,_nfpb=true_pageLabel=lifeEventDetail HYPERLINK http://www.dubai.ae/en.portal?vstrs_arrv_dxb,vstrs_arive_air,1,_nfpb=true_pageLabel=lifeEventDetail _pageLabel=lifeEventDetail http://www.zawya.com/story.cfm/sidZAWYA20101229042209/ ae/%20carriers%20see%20brighter%20sky%20ahead Supplier power Irrespective of UAE aviation industry or the world aviation industry there are only 2 main suppliers, Boeing and Airbus. Fly Europe has a fleet of Boeing aircrafts and their supplier, Boeing, has a high bargaining power as there is no cut throat competition in the supplier industry. The switching costs from Boeing to Airbus is also extremely high because all the pilots and mechanics have to be trained to learn to operate the different kind of aircrafts. However, other suppliers of Fly Europe like the providers of on-board snacks for the travelers (who are willing to purchase them) dont have high bargaining power since there are many other options available in the market. Fly Europe can purchase their snacks from some other cost-effective supplier as this would enable the customers to buy the snacks at reasonable prices. http://www.investopedia.com/features/industryhandbook/airline.asp Customer power Air travel is expensive, so most of the leisure travelers have highly elastic demand. They can compare prices of different airlines easily over the internet as they have many different options while choosing an airline carrier. Business travelers pay a much higher average ticket price, approximately five times more than the average leisure ticket cost. Hence, the bargaining power of business travelers in the aviation sector is quite high since as they generate most of the revenues of the airline while the bargaining power of leisure passengers is low. www.csus.edu/indiv/h/hany/Teaching//Lecture2_han.ppt http://www.wikinvest.com/concept/Airline_Travel Availability of substitutes Airline is the fastest way to travel from one destination to another so there is no perfect substitute available. The other transportation options available to the customers are trains, cars, etc. The choice of the mode of transportation depends on the length of the route, consumer preferences, etc. For example air travel isnt practical and economical for short distances. High-speed video conferencing is emerging as an important substitute to air travel for business travelers as it provides a convenient, safer, time-saving and cost-effective to conduct important meetings. Reducing travel time results in employee productivity, effectiveness, decrease in stress and hassle, etc. The emergency air freight market is also getting affected as these days, urgent documents are sent through the e-mail which is a cheap and faster alternative. While, Sea freight is considered an economical and practical way to send bulky items which is affecting the routine air freight market. Therefore, many c ompanies are using these technologies to replace airline travel and freight. http://www.businesseconomics.in/?p=638 http://www.investopedia.com/features/industryhandbook/airline.asp Industry description The aviation industry in the United Arab Emirates plays an essential part in its economy. It is one of the fastest growing aviation industries in the world. The General Civil Aviation Authority (GCAA), headquartered in Abu Dhabi, regulates civil aviation in the UAE. Foreign ownership and control of airlines in the UAE is restricted to a 49% equity stake. But in 2009, UAE signed an air liberalization policy statement with six other countries and the European Commission. The policy principles focuses on three main issues : freedom to access capital markets, freedom to do business, and freedom to price services. UAEs aviation industry earned a profit of $15 billion profit in 2010. The air traffic movements grew at the rate of 13 .8% in November 2010 compared to November 2009. This sector is expected to be the 2nd largest aviation market with the growth rate of 10.2% in 2013. According to the forecasts, the UAE will have 82.3 million air travelers and will be handling 2.7 million tons by 2014. Dubai has become a major hub of aerospace both in the middle east as well as on a global level as traditional players like the USA and Europe continue to slump. http://www.arabianbusiness.com/uae-passenger-traffic-hit-82-3m-by-2014-says-iata-380800.html http://www.uaeinteract.com/docs/UAE_aviation_market_will_be_second-fastest_growing_by_2013/44449.htm http://www.dancewithshadows.com/flights/dubai-aviation.asp http://www.scoop.co.nz/stories/BU1012/S00286/10-more-liberalised-aviation-agreements-for-emirates-in-2010.htm http://www.emirates.com/mv/English/about/public_affairs/liberalisation.aspx http://www.zawya.com/story.cfm/sidZAWYA20101229042209 /ae/%20carriers%20see%20brighter%20sky%20ahead http://www.gcaa.gov.ae/en/pages/welcomegcaa.aspx http://english.alrroya.com/content/uae-signs-air-liberalisation-policy-statement-iata Economic conditions The United Arab Emirates (UAE) is one of the fastest growing economies in the world. It is the 2nd largest economy in the Middle East after Saudi Arabia. It is also a major player in the world energy markets as it has the 6th largest crude oil reserves and natural gas reserves. UAE is taking extensive measures to reduce its reliance on these natural resources as an income source and is diversifying its economy by investing in growing sectors like trade, finance, aerospace, tourism, etc. The global financial crisis slowed down the GDP growth in 2010. UAE authorities responded to this crisis by injecting $33 billion into the local financial sector and guaranteeing all deposits in international and local banks. Dubai was hit very badly by the recession as its real estate sector experienced a major downturn and it couldnt meet its debt obligations. The central bank of UAE then provided support to the local banks while Dubai received a loan of $ 10 billion from Abu Dhabi to ease the debt crisis. However, the economy is expected to rebound in 2011. The non-hydrocarbons economy is expected to grow 2.2% in the year 2011. The oil prices averaged $79.6/barrel in 2010 are forecasted to rise to $90 billion in 2011. The GDP growth rate is expected to increase from 2.2% in 2010 to 3.3% in 2011. The government also plans to carry out large infrastructure projects which is supposed to result in a gradual recovery of the real estate sector. http://www.propertyselect.com/dubai/news/what-impact-will-the-global-recession-have-on-dubai-property/1442 http://www.davisiaj.org/?p=210 http://www.uaeinteract.com/docs/UAE_non-oil_economy_to_rebound_in_2011-2012/41839.htm http://www.english.globalarabnetwork.com/201101018483/Economics/uae-economy-gdp-rebounds-around-33-in-2011.html https://www.cia.gov/library/publications/the-world-factbook/geos/ae.html http://en.wikipedia.org/wiki/Economy_of_the_United_Arab_Emirates#cite_note-1 http://www.dfat.gov.au/geo/uae/uae_country_brief.html http://www.zawya.com/marketing.cfm?zpHYPERLINK http://www.zawya.com/marketing.cfm?zpp=/countries/ae/macrowatch.cfm?eiusection=Country OutlookccHYPERLINK http://www.zawya.com/marketing.cfm?zpp=/countries/ae/macrowatch.cfm?eiusection=Country Outlookccp=/countries/ae/macrowatch.cfm?eiusection=Country%20OutlookHYPERLINK http://www.zawya.com/marketing.cfm?zpp=/countries/ae/macrowatch.cfm?eiusection=Country OutlookccHYPERLINK http://www.zawya.com/marketing.cfm?zpp=/countries/ae/macrowatch.cfm?eiusection=Country Outlookcccc

President George W. Bushs Use of Pathos, Logos, and Ethos Essay

Throughout George W. Bush's political career he has implored the use of Aristotle's tripod, which we like to call it. This tripod is a rhetoric which implies that persuasion relies on three things, which are ethos, pathos, and logos. Logos is devoted solely to logic and reason. While on the other hand, pathos deals with attitudes and beliefs. Perhaps the most important one which pertains to George W. Bush is something called ethos, that is to say the branch of the tripod which deals with the personal strengths of the speaker and most importantly his character. Throughout his political journey he has showed the use of pathos, logos, and ethos time and time again, but the one of which he is commonly known for is ethos. The instances in which he has demonstrated them are countless, but I will recall but three. The first event took place on the day of September 14, 2001 at 'Ground Zero', three days after the attack of the World Trade Centers. The third instance was on September 20, 2001 during his Address to a Joint Session of Congress. Lastly, was the State of the Union Address in Washington D.C. Which was held on January 29, 2002. At 'Ground Zero' on September 14, 2001, President George W. Bush did many things to restore the confidence of the rattled and scared population. Unity was a key role in the success of this speech. The whole time that he made his speech his arm was wrapped around a firefighter at the scene which not only showed ethos, but also made them look like good friends and it showed a sense of stability and unity, â€Å"Throughout most of his speech, he kept his arm wrapped around a lead firefighter working at the scene,† (Docan.) In addition, he said how the local area was connected to other people who where hurt ar... ...n D.C. On January 29, 2002, at 'Ground Zero' on September 14, 2001, or at his Address to a Joint Session of Congress he has used many of Aristotle's ideas in order to instill trust and assurance back into his people. Works Cited Bush, George W. George W. Bush State of the Union Address. 29 Jan. 2002. . Bush, George W. President Declares â€Å"Freedom at War with Fear.† Address to a Joint Session of Congress. 20 Sep. 2001. . Docan, Tony. Ethos, Pathos, and Logos Applied: George W. Bush Speaking at 'Ground Zero'. 22 Apr. 2002. . Orren, Gary. Gore vs. Bush Why It's All Greek to Me. 2000. .

The Memoirs of Abbot Guibert of Nogent Essays -- Abbot Guibert Nogent

The Memoirs of Abbot Guibert of Nogent When thinking about a medieval monastery the first thing that comes to mind is the origin of the word monastery which comes from the Greek monos, meaning alone. Monasticism in itself is a way of life that is devoted to God in seclusion. A large part of monasticism is isolation, not only from the neighbors but from family. When taking the vows to be a monk one not only completely devotes ones life to God but all friends, family and earthly possessions are left behind. Taking the vows of monasticism takes brutal dedication and severe strength. What pushed Guibert of Nogent into monasticism is that his mother withdrew from the world after his father’s death. During that time he was left alone and became very rebellious. He also was drawn to the medieval reform of monasticism which gave it a more community aspect. Thirdly, literature and history became a large part of the monastery during the middle ages and Guibert wanted to be a successful writer and historian. When Guibert join ed the monastery he joined a strict religious order that had come along way form the time of hermits and the reforms where relevant to him, for the most part. Guibert of Nogent became a monk because he was suited for monastic existence and to give himself the restraints and success he wanted from life. He was at a young age and was left without guidance and became boisterous. On his adolescence, he says, â€Å"I emulated older boys in their juvenile rowdiness, and I was completely bereft of responsibility and discretion.† When he was left on his own Guibert became very unsettled and this lead to issues with himself and other around him. He wanted the structure and dedication that life in a monastery provides. His mother wanted him to go beyond the church and was very against him going into the monastery. Taking that into consideration it gives Guibert a very difficult choice but he chose the one he wanted due to the guidance of the abbot. In addition, he states how upset his mother was with him becoming a monk: â€Å"†¦Invested me with it while my mother watched in tears from afar†¦Ã¢â‚¬  This shows how he is willing to disappoint his mother to please himself and that proves his dedication. When thinking about the sacrifices Guibert gave up in order to live the m onastic life. It’s what he truly wanted to be, a person cannot just join a monastery you have to... ... monk and that’s because of his dedication, community and his educational values. He felt that the times when monks liked in isolation where over and he was able to match to this because of his relationship with his mother. He knew she was his guidance and he needed that assistance and comfort she provided for him. He enjoyed the community aspect by showing his authority by being an active member of society. That was fueled by his need to be a critic on ever aspect of his abbacy and religious order. He was also very dedicated to reading and writing which gave him a niche within the education aspect of the medieval monastery. Guibert of Nogent became a monk because he was suited for monastic existence and to give himself the restraints and success he wanted from life. Works Cited Guibert of Nogent. Self and Society In Medieval France: The Memoirs of Abbot Guibert   Ã‚  Ã‚  Ã‚  Ã‚  of Nogent. Edited and Translated By John F. Benton. Toronto: University of   Ã‚  Ã‚  Ã‚  Ã‚  Toronto Press, 1984. Benton, John F. ed â€Å"Introduction† Self and Society In Medieval France: The Memoirs of   Ã‚  Ã‚  Ã‚  Ã‚  Abbot Guibert of Nogent. Edited and Translated By John F. Benton. Toronto:   Ã‚  Ã‚  Ã‚  Ã‚  University of Toronto Press, 1984.

Project Proposal Essay

Background and Motivation What is the setting and history behind this project? Customer Relationship Management concerns the relationship between the organization and its customers. Customers are the lifeblood of any organization be it a global corporation with thousands of employees and a multi-billion turnover, or a sole trader with a handful of regular customers. Customer Relationship Management is the same in principle for these two examples – it is the scope of CRM which can vary drastically. CRM, or Customer Relationship Management, is a way for businesses to find potential customers. While the first iterations of CRM were used in the 1980s, it wasn’t until the 2000s that it really began to shine. CRM software helps businesses identify and categorize existing customers. This allows them to see the specific demographics their products appeal to, in turn allowing them to market their products more effectively. What is the problem to be addressed? Many organizations are considering introducing CRM systems or are in the process of doing so. The main concern of these organizations is their ability to make the necessary changes at the level of organizational strategy that the introduction of the CRM system requires. Organizations are also concerned about damaging their existing customer care system. Their fears are based on past failures in their own or in other organizations. What are some current approaches to this problem? 1. The users don’t use the CRM system My personal view is that most people do not come to work to fight the system. If users are rejecting the CRM system then we need to try to understand the reasons. In most cases this can be traced to a lack of management support for CRM. If users feel that their conscientious updating of the CRM system is not used then they will stop using it. Examples of managers refusing to use the CRM system, requesting reports in Word or Excel format, and enjoying a successful CRM implementation are nonexistent. The simple fact is that leaders need to lead – that means that everyone from the very top down must use the CRM system. 2. The users want to use the CRM system, but the technology is failing them Another point of belief; CRM software developers do not set out to ship bad software. So even if you have selected a software platform that we don’t sell, it is unlikely that the CRM issue will be bugged software. The most common reasons for technology failing are tied to speed or ease of access. If your users cannot access the CRM system whenever or wherever they want then they will drift away. 3. The original driving force for the CRM project has moved on It is often said that a new broom sweeps cleanest. All too often changes in management herald changes in the CRM system. Users who were previously happily using the CRM system, struggle to adopt changes. Users who were struggling with the system, legitimize their behavior with reference to changes that may, or may not be coming. 4. The CRM system does not deliver all of the functions required This might be the result of changes in the business, or changes in the management or reporting requirements. Typically this is first visible as a potential Business Intelligence (BI) requirement. The need is to integrate all of the systems that surround the CRM system. From quote creation, to web store integration, systems proliferate to surround the CRM system. Requirements, not anticipated in the initial CRM project create additional customer data silos. Left unchecked these will ultimately undermine the â€Å"single view of the customer† CRM seeks to deliver. Why is this problem worth solving or worth solving better? Customer relationship management (CRM) is a widely implemented model for managing a company’s interactions with customers, clients, and sales prospects. It involves using technology to organize, automate, and synchronize business processes—principally sales activities, but also those for marketing, customer service, and technical support.[1] The overall goals are to find, attract, and win new clients, service and retain those the company already has, entice former clients to return, and reduce the costs of marketing and client service.[2] Customer relationship management describes a company-wide business strategy including customer-interface departments as well as other departments.[3] Measuring and valuing customer relationships is critical to implementing this strategy. Benefits of the Project/Product * One of the major benefits of having a CRM is that it improves the quality of service. The CRM collects all information of the clients then analyzes the data and help you in decision- making. With the help of Customer Relationship Management, you will assured that your system is running safe and secure. Another benefit of having a CRM software is that it can help you save a lot of money. Of course, purchasing a software might be expensive but compared on hiring, training and paying employees, it will save you a lot. * Having a Customer Relationship Management software needs to have careful planning. Remember that in this system, the relationship between your company and your clients is at stake. You have to plan out everything. It is also important that you consider its usability. You have to determine the benefits it will bring to your company and its impact in your business as well as your employees. * Since all information provided by the customers were collected by the CRM, it is important to keep them secure. The company as well as the vendors should ensure the quality of the system that it is secure enough to protect confidential information. Scope and Limitations of the Project The scope limitation option on workflows in MSCRM is a great feature that unfortunately has half baked functionality. Particularly when dealing with large organizations with multiple Business Units, it’s compelling to try and limit scope to the Business Unit level. This works fine until you realize the limitations. Seeing as how workflows can only be owned by people, you MUST assign each workflow to a user in the business unit you’d like scope limited to. As soon as you attempt this, you’ll need to deactive the workflow, assign to the appropriate user, have that user log into the system, and re-activate the workflow. Needless to say, this is not a feasible maintenance scenario for organizations rolling out to dozen(s) of business units.

Arm Holdings Strategic Swot Analysis

This paper evaluates the strategic position and activities of the microchip producer ARM by means of a PESLE analysis and a Porter's six forces analysis to review the company's internal and external environment. Using these analytical tools, the author deems how well ARM's strategy fits within the constraints of the external environment, the distinctive elements of ARM's products and services that distinguish it from its competitors and the sustainability of this strategy in the long-term.The paper concludes that, while presently the semi-conductor industry is significantly challenging, ARM has developed a differentiated strategy, which is capable of competing with large rivals, such as Intel, and which is sustainable over the long-term sustainability. Table of Contents: Executive Summary Introduction Environmental Analysis PESTLE Analysis Competitive Stance Porter's Six Forces Analysis Scale and Scope Analysis of Strategy Evaluation of Sustainability Description From the Paper Sampl e of Sources UsedRelated Papers Cite this Analytical Essay Comment & Share From the Paper: â€Å"Overall it would appear that ARM is making use of a differentiated generic strategy. Here while in general terms the industry for microchips may be seen as one which has become increasingly commoditised in recent years with large incumbent suppliers such as Intel focusing upon producing large volumes at low costs (Roca and Sills, 2011). ARM would seem to have adopted an alternative approach in attempting to develop a niche product hich outperforms cheaper micro chip products in terms of energy efficiency and size. In other words, it may be seen as ARM has built its differentiated generic strategy based upon re-evaluating the needs of its customers and potential customers who have show a clear desire to purchase a generation of microchips which are suitable for inclusion in a range of communications products such as smart phones and tablet computers (hence need to be smaller).In addition , ARM may also be seen as attempting to tap into the growing market for energy efficient products which give numerous benefits to the consumer including cost savings, a feel good factor and in the case of industrial buyers, the ability to market their own products within increased environmental credentials†. Sample of Sources Used: BBC News. 2010. The ups and downs of social networks. Available online at: http://www. bbc. co. k/news/technology-10719042 [Accessed on 22/03/12]. Butterton, G, R. 1996. Pirates, dragons and the US. Intellectual property rights in China. Ariz legal review. 1081. Begg, D, Fischer, S, Dornbusch, R. 2008. Economics. 9th ed. London: McGraw-Hill. Economist. 2012. Space invaders. Available online at: http://www. economist. com/node/21542402 [Accessed on 22/03/12]. Grant, R, M. 2008. Contemporary strategy analysis. 6th ed. Oxford: Blackwell Publishing.

Concept of Present Value

WHY IS THE CONCEPT OF PRESENT VALUE SO IMPORTANT FOR CORPORATE FINANCE? The importance of concept of present value to the world of corporate finance is that present value calculations are widely used in business and economics to provide a means to compare cash flows at different times. Present Value’s definition and simplistic formula used for normal purchases, the concept’s importance to corporate finance and why present value is the very first topic taught in finance classes explain that present value is an essential knowledgeable tool to ensure we make the best decisions with our money. However, first, What Does Present Value – PV Mean? Present value is â€Å"the current worth of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the future cash flows. Determining the appropriate discount rate is the key to properly valuing future cash flows, whether they are earnings or obligations. † Through the definition itself, an importance to corporate finance is explained as well as why professors begin a finance course with a basis explanation in the time value of money – discounting and investment risk included. In more detail, capital investment decisions are long-term corporate finance decisions relating to fixed assets and capital structure. Decisions are made with several criteria to consider, and where corporate management seeks to maximize value in the firm by the correctly calculated net present value when valued using an appropriate discount rate. It would be beneficial on a personal level for the following reasons; â€Å"Learning how to use a financial calculator to make present value calculations can help you decide whether you should accept a cash rebate, 0% financing on the purchase of a car or to pay points on a mortgage. Present value could often the first topic taught in any finance class, due to the fact that knowledge of this formula can be used for basic financial planning that will lead to larger level strategy – making the best company investment decisions. Now, on to the fun stuff that is so anxiously taught in class – the problems and formulas. 2a. $500 i f invested for five years at a 4% interest rate: FV = 500 (1 + . 04)^1) = 500 (1. 04) = $520. 00 FV = 520 (1 + . 04)^2) = 520 (1. 0816) = $540. 80 FV = 540. 80 (1 + . 04)^3) = 540. 80 (1. 124864) = $562. 43 FV = 562. 43(1 + . 04)^4) = 562. 43(1. 169859) = $584. 3 FV = 584. 93(1 + . 04)^5) = 584. 93 (1. 216653) = $608. 33 End of Year12345 Principal$500. 00$520. 00$540. 80$562. 43$584. 93 Interest$20. 00$20. 80$21. 63$22. 50$23. 40 Total$520. 00$540. 80$562. 43$584. 93$608. 33 2b. $150 if invested for three years at a 9% interest rate: FV = 150 (1 + . 09)^1) = 150 (1. 09) = $163. 50 FV = 163. 50(1 + . 09)^2) = 163. 50(1. 1881) = $178. 22 FV = 178. 22 (1 + . 09)^3) = 178. 22 (1. 295029) = $194. 25 End of Year123 Principal$150. 00$163. 50$178. 22 Interest$13. 50$14. 72$16. 04 Total$163. 50$178. 22$194. 25 2c. $9100 if invested for seven years at a 3% interest rate: FV = 9100 (1 + . 03)^1) = 9100 (1. 03) = $9373 FV = 9373 (1 + . 03)^2) = 9373 (1. 0609) = $9654. 19 FV = 9654. 19 (1 + . 03)^3) = 9654. 19 (1. 092727) = $9943. 82 FV = 9943. 82 (1 + . 03)^4) = 9943. 82 (1. 12550881) = $10242. 13 FV = 10242. 13 (1 + . 03)^5) = 10242. 13 (1. 15927407) = $10549. 39 FV = 10549. 39 (1 + . 03)^6) = 10549. 39(1. 1940523) = $10865. 88 FV = 10865. 88(1 + . 03)^7) = 10865. 88 (1. 22987387) = $11191. 85 End of Year1234567 Principal$9,100. 00$9,373. 00$9,654. 19$9,943. 82$10,242. 13$10,549. 39$10,865. 88 Interest$273. 00$281. 19$289. 63$298. 31$307. 26$316. 48$325. 8 Total$9,373. 00$9,654. 19$9,943. 82$10,242. 13$10,549. 39$10,865. 88$11,191. 85 2d. $1000 if invested for ten years at a 0. 5% interest rate: FV = 1000 (1 + . 005)^1) = 1000 (1. 005) = $1005 FV = 1005 (1 + . 005)^2) = 1005 (1. 010025) = $1010. 03 FV = 1010. 03 (1 + . 005)^3) = 1010. 03 (1. 01507513) = $1015. 08 FV = 1015. 08 (1 + . 005)^4) = 1015. 08 (1. 020150501) = $1020. 15 FV = 1020. 15 (1 + . 0 05)^5) = 1020. 15 (1. 02525125) = $1025. 25 FV = 1025. 25 (1 + . 005)^6) = 1025. 25(1. 03037751) = $1030. 38 FV = 1030. 38(1 + . 005)^7) = 1030. 38 (1. 0355294) = $1035. 53 FV = 1035. 53 (1 + . 05)^8) = 1035. 53 (1. 040707) = $1040. 71 FV = 1040. 71 (1 + . 005)^9) = 1040. 71(1. 0459106) = $1045. 91 FV = 1045. 91(1 + . 005)^10) = 1045. 91 (1. 0511401) = $1051. 14 End of Year12345 Principal$1,000. 00$1,005. 00$1,010. 03$1,015. 08$1,020. 15 Interest$5. 00$5. 02$5. 05$5. 08$5. 10 Total$1,005. 00$1,010. 03$1,015. 08$1,020. 15$1,025. 25 End of Year678910 Principal$1,025. 25$1,030. 38$1,035. 53$1,040. 71$1,045. 91 Interest$5. 13$5. 15$5. 18$5. 20$5. 23 Total$1,030. 38$1,035. 53$1,040. 71$1,045. 91$1,051. 14 Present Value – 3a. $7700 to be received three years from now with a 5% interest rate PV = 7700 / (1 + . 05) ^ 3 = 7700 / (1. 157625) = $6651. 55 3b. $1500 to be received five years from now with a 7% interest rate PV = 1500 / (1 + . 07) ^ 5 = 1500 / (1. 4025517) = $1069. 48 3c. $7200 to received two years from now with an 11% interest rate PV = 7200 / (1 + . 11) ^ 2 = 7200 / (1. 2321) = $ 5843. 68 3d. $ 680,000 to be received eight years from now with a 9% interest rate. PV = 680000 / (1 + . 09) ^ 8 = 680000 / (1. 9925626) = $341269. 07 Time Value of Money – Annuities 4. Present Value – Annuity / Suppose you are to receive an annuity of $3000 every year for 3 years @ 3% interest rate. PV = PVAF(r,n)*CF PVAF(r,n) = 1/r – 1/[r*(1+r)^n] (33. 33 – 30. 50472 = 2. 828611) PV = 2. 828611*3000 PV = $ 8485. 83 5. Future Value – Annuity / Suppose you receive a payment of $5000 every year for 3 years, depositing into a bank that pays 2% interest. FV = CF * FVAF (r,n) FVAF(r,n) = 1/r – 1/[r*(1+r)^n] (50 – 47. 11612 = 2. 883883) FV = 5000 * 2. 883883 FV = $14419. 42 REFERENCES Anonymous (2010). Investopedia. com. Present Value. Retrieved on 5 Apr 2010 @ http://www. investopedia. com/terms/p/presentvalue. asp 2 Megginson, William (2008). Corporate Finance. Stamford: Thomson Learning. P. 86. Anonymous (2010). Investopedia. com. Explaining Present Value-PV. Retrieved on 5 Apr 2010 @ http://www. investopedia. com/terms/p/presentvalue. asp 4 Anonymous (n. d). FinanceProfessor. com. Future Value. Retrieved on 3 Apr 2010 from http://www. financeprofessor. com/fiancnenotes/introductoryfin/presentvalue. htm 5 Anonymous (n. d). FinanceProfessor. com. P resent Value. Retrieved on 3 Apr 2010 from http://www. financeprofessor. com/fiancnenotes/introductoryfin/presentvalue. htm 6 Anonymous (2008). The Time Value of Money. Retrieved on 4 Apr 2010 from http://www. econedlink. org/lessons/index. cfm? lesson=EM37

Psychoanalytical perspective Trifles by Susan Glaspell Essay

Psychoanalytical perspective Trifles by Susan Glaspell - Essay Example This is because a deeper understanding of human nature can reveal the motivation behind their actions. In this play, the playwright has employed trifles or everyday conversation or incidents to uncover the murder mystery of John Wright. Ironically, what seem trifles to the men folk, such as the quilt and how it was being quilted, was actually the key to solve the mystery. It was of significant importance how it was being quilted because the women could see nervousness and anxiety in the last few stitches by Minnie Wright, which was altogether ignored by men as they were looking for physical evidences only. The dreary and queer ambience of the house arouses sympathy of the two women for Minnie Wright. The incomplete state of the household chores conveys an altogether different meaning than what the men believe that she did not have home-keeping skills. This is because the women associate with each other through their common interests in their womanly and homemaking activities, referred to as ‘trifles’ in the play. Through their simple conservation, the playwright makes sure that the audience gets a hint that the three women are bonded together and understand each other’s psychologies through common experiences and feelings. There is an also an element of isolation and alienation from the mainstream life in the play. The Wrights used to live an isolated life- they were childless and did not have frequent visitors. According to Mrs. Hale, who didn’t think that â€Å"... a place’d be any cheerfuller for John Wright’s being in it.†(Glaspell, 1916) The two women instinctually trace the underlying causes of alienation and its adverse affects on the life and psyche of Minnie Wright. Glaspell symbolically represents Minnie Wright as the ‘caged singing bird’. Mrs. Hale says, â€Å"I wonder how it would seem never to have had any children around. No, Wright wouldn’t like

Bank Regulations in Europe Essay Example | Topics and Well Written Essays - 4000 words

Bank Regulations in Europe - Essay Example There are currently many regulatory transitions underway which will have multifaceted effects on how Banks are run in Europe and the ultimate investments they deem as adequate for progressive growth. The controversy surrounding these regulations stems from past success as well as the impact recent recession ratios have imposed on the market. The question this analysis will attempt to address is whether or not these regulations are necessary for European banks to progress in the years to come. Basel II is the second of the Basel Accords. These are recommendations set by the Basel Committee on Banking Supervision. The point of these laws is to apply some regulation to the worldwide banking system, an international standard by which all banks may abide. These regulations are an attempt to safeguard the Banking Market against many of the risks banks face yearly. They have seen as a safety net for the international banking market in the case that one major bank collapses. The main focus of the regulations is to reduce the amount of risk all banks take on. Through rigorous risk and capital regulations, Basel II is able to ensure that Banks are not able to take on more risk than they have solvency to maintain. Despite the Basel II regulations and their proven success throughout the past years, recent developments in the global economy have pointed to a need for more strict regulations. This can largely be connected to the massive recession that has occurred over the past two ye ars in the global economy. The nature of the European Banking system and its current need for BeselIII regulations is in reaction to the state of the Economy. The CIA World Factbook notes that the United States of America has the largest economy in the globe. "The recent failure in the U.S. housing and credit markets have resulted in a slowdown in the US economy. 2007 GDP growth was estimated at 2.2% but in 2008 it is projected to be just 0.9%, down from the 10-year average of 2.8% (St Labs, p1)." According to the United States Department of Labor, The Unemployment rate as of September 2009 was 9.8%, which is the result of a progressive growth 8.9% in April 2009. The Banks have followed suit with the housing industry as well as many of the corporations gout This effect in the west has impacted the Europes. University of Maryland economist Peter Morici declares "we are in a depression (Shinkle, p1)." He signifies a recession as an economic decline from which an economy can eventually recover but poses that the state the American economy is in today is much worse and can't be resolved with a quick fix. "My feeling is that if (the president) doesn't fix what's structurally broken, what caused this, we'll be back into this after the federal stimulus has had its effect," says Morici (Shinkle, p1). Many different aspects of the American economy have come under fire as the cause of this financial crisis, most infamous of these methods to date are credit default swap contracts and short selling. The very first credit default swap contract was constructed in 1997 by JP Morgan and it is given credit for what initiated the market to balloon up to a $45 trillion value in 2007 (Pinsent, p1).

Law Coursework Example | Topics and Well Written Essays - 1000 words

Law - Coursework Example As such, the statement is admissible in the court. However, the statement incriminates against a person who has not been presented in court. as such the government is obliged to present McGregor in the court. In addition, the judge may require to do one or all of the following to determine the validity of the case: (1) a witness generally must swear and affirm that the evidence is credible and truthful. (2) The witness must present themselves personally at the trial in order to allow the jury to observe or the testimony firsthand. (3) The witness must cross-examination so as to test on the facts presented In a court proceeding, identification of the defendant is fundamental in proving beyond reasonable doubt that the defendant committed the crime. In this case, the evidence that Jackson presents will make the judge believe that Jackson really knew the person who knocked him down. As such, the evidence will be important in prior identification of the defendant. The statement is a present sense impression that cannot be dismissed as it explain the incident prior to that particular event,. The presiding jury should admit the evidence to show that van#2 was not properly maintained. In this case, the statement by Arturo cannot be taken as evidence that the driver and the mechanic had prior knowledge or were responsible for the maintenance of the van. In this case, the statement by Arturo declares that Van #2 had mechanical problems and hence could have probably caused the accident According to the email, the defendant admits that the contract existed and as such, they are willing to settle half the amount of the contract. In this case, the judge should rule that the contact was real. Similarly, the judge cannot rule against the evidence in accordance with Rule 408 since the email provides no evidence of ongoing negotiations. All what is in the email is a blackmail from one party coercing the plaintiff to accept half