Wednesday, November 27, 2019
Free Essays on Japanese Traditional Outfit - KIMONO
Does anybody know what a kimono is or has anybody heard the word kimono? A kimono is the Japanese traditional outfit, and it’s made out of silk. It is only worn on special occasions. Actually, the opportunities to wear a kimono are seldom. We have another kind of outfit that is called, a yukata. A yukata is made from cotton. In contrast to the ceremonial kimono, the yukata is ordinary, unassuming clothing and is worn in the summertime. Through research and my personal experience today, I will inform you about two Japanese traditional outfits, the kimono and the yukata. The kimono is made from silk and there are many different types of kimonos for men, women and children. It is not only worn by women, but also men. The cut, color, fabric, and decorations of a kimono may vary according to sex and age. However, the woman’s kimono is mainly introduced in this discussion. Women’s kimonos are the most elaborate and varied in style and design. In order to wear a kimono, one must have an obi, which wraps around a kimono, Japanese socks and Japanese sandals. These items are very important. An example of an occasion for wearing a kimono is the coming-of age day. This is a national holiday to celebrate a Japanese girls and boys life as they turn 20 years old and enter adulthood. At this time, most girls are dressed in kimonos. I brought a picture of me for my Coming-of-age day. When I went back to Japan for summer vacation, I rented a kimono and took a picture. The cost to rent the outfit and take pictures was about four hundred dollars. Actually, the price to buy a kimono varies from five thousand dollars, which is the cheapest to fifteen thousand dollars, which is the most expensive. Consequently, most Japanese people tend to rent kimonos rather than buying one. I’m not used to wearing a kimono so, it was tiresome to keep wearing it, even for 30 minutes. According to my experience, I can tell you that a ki... Free Essays on Japanese Traditional Outfit - KIMONO Free Essays on Japanese Traditional Outfit - KIMONO Does anybody know what a kimono is or has anybody heard the word kimono? A kimono is the Japanese traditional outfit, and it’s made out of silk. It is only worn on special occasions. Actually, the opportunities to wear a kimono are seldom. We have another kind of outfit that is called, a yukata. A yukata is made from cotton. In contrast to the ceremonial kimono, the yukata is ordinary, unassuming clothing and is worn in the summertime. Through research and my personal experience today, I will inform you about two Japanese traditional outfits, the kimono and the yukata. The kimono is made from silk and there are many different types of kimonos for men, women and children. It is not only worn by women, but also men. The cut, color, fabric, and decorations of a kimono may vary according to sex and age. However, the woman’s kimono is mainly introduced in this discussion. Women’s kimonos are the most elaborate and varied in style and design. In order to wear a kimono, one must have an obi, which wraps around a kimono, Japanese socks and Japanese sandals. These items are very important. An example of an occasion for wearing a kimono is the coming-of age day. This is a national holiday to celebrate a Japanese girls and boys life as they turn 20 years old and enter adulthood. At this time, most girls are dressed in kimonos. I brought a picture of me for my Coming-of-age day. When I went back to Japan for summer vacation, I rented a kimono and took a picture. The cost to rent the outfit and take pictures was about four hundred dollars. Actually, the price to buy a kimono varies from five thousand dollars, which is the cheapest to fifteen thousand dollars, which is the most expensive. Consequently, most Japanese people tend to rent kimonos rather than buying one. I’m not used to wearing a kimono so, it was tiresome to keep wearing it, even for 30 minutes. According to my experience, I can tell you that a ki...
Saturday, November 23, 2019
Three Nations Make a Strong Case for Being the Oldest
Three Nations Make a Strong Case for Being the Oldest Although empires existed in ancient China, Japan, Iran (Persia), Greece, Rome, Egypt, Korea, Mexico, and India, to name a few, the starting dates of these entities dont correlate with their modern counterparts as nations, even though the empires did have central governments ruling over their territory. The makeup of these ancient empires largely consisted of an agglomeration of city-states or fiefdoms, which overlapped jurisdictions with the imperial government. Much territory of empires was temporary (with fluid boundaries) and won through war or marriage alliances of monarchs, making them not unified entities, even if the lands were considered part of an empires territory by its emperor. Empires were not the equivalent of the modern nation-state, which emerged in the 19th century. Often, in fact, todays nation-states arose from the dissolution of empires, around communities that shared a common geography, language, or culture. The following three countries are most often cited as being the worlds oldest. San Marino By many accounts, The Republic of San Marino, one of the worlds smallest countries, is the worlds oldest country. San Marino, which is completely surrounded by Italy, was founded on Sept. 3 in the year 301 BCE. A monastery at the top of Mount Titano, likely the center of the community there, was constructed during the sixth century BCE. However, the nation wasnt recognized as independent until CE 1631 by the pope, who at that time controlled much of central Italy politically. San Marinos constitution is the worlds oldest, having been first written in the year 1600. San Marino was aided in its continued independence by the fact that it sits isolated amid fortresses in high, mountainous terrain. Japan According to Japanese history, the countrys first emperor, Emperor Jimmu, founded Japan in 660 BCE. However, it was not until at least the eighth century CE that Japanese culture and Buddhism spread across the islands. Over its long history, Japan has had many different types of governments and leaders. While the country celebrates 660 BCE as the year of its founding, it wasnt until the Meiji Restoration of 1868 that modern Japan emerged. China The first recorded dynasty in Chinese history existed more than 3,500 years ago when the feudal Shang dynasty ruled from the 17th century BCE to the 11th century BCE. However, China celebrates 221 BCE as the founding of the modern country, the year Qin Shi Huang proclaimed himself the first emperor of China. In the third century CE, the Han dynasty unified Chinese culture and tradition. In the 13th century, the Mongols invaded China, decimating the population and culture. Chinas Qing Dynasty was overthrown during a revolution in 1912, leading to the creation of the Republic of China. However, in 1949 the Republic of China itself was overthrown by Mao Tse Tungs communist rebels, and the Peoples Republic of China was created. It exists to this day. Other Contenders Modern countries such as Egypt, Iraq, Iran, Greece, and India bear little resemblance to their ancient counterparts. All of these countries except Iran trace their modern roots only as far back as the 19th century. Iran traces its modern independence to 1501, with the founding of the Shia Islamic state. Other countries that consider their founding to be prior to Irans include: France (CE 843)Austria (CE 976)Hungary (CE 1001)Portugal (CE 1143)Mongolia (CE 1206)Thailand (CE 1238)Andorra (CE 1278)Switzerland (CE 1291) All of these countries have a long and impressive history, which allows them to maintain their place as some of the oldest nation-states on the planet. Ultimately, it is difficult to judge which country is the worlds oldest due to a variety of complex factors, but you could easily argue for San Marino, Japan, or China and be considered right.
Thursday, November 21, 2019
Requiring students study of islam as part of social studies Research Paper
Requiring students study of islam as part of social studies - Research Paper Example he citizen, knowing when, where and how to make well-informed and reasoned decisions for the public good in a democratic and pluralistic society (Education 4). The focus for social studies is for students to explore their culture and then expand their study to other people and lands to study about the ways that those people live and work. It can argued that for religion and culture, for instance Islam which is a minority religion, to flourish and prosper in a predominantly Western, Christian, and secular society, Islamic teachings must be introduced towards Islamizing Muslim children. Islamization means that Muslim teachings should be promoted, assimilated, and integrated with any society. Islamic teachings also provided need to be in compatibility with secular and western values than with some rigid Islamic values (Timani 2). Therefore, the paper will mainly focus on supporting the argument as to why children should study culture and religion, including Islam, as part of social studies and how it can be useful for them in the future. During children, cognitive development stages; distractions and inconsistencies and confusions of thoughts are being replaced by basic logic gradually. Children begin to make some logical decisions about problems, which involve concrete and real objects. In addition, the development of a reversible and new system of mental operations and the ability to form stable new relationships among themselves and classes begins. During this period, rules and regulations mostly serve as useful guidelines for the character and behavior of such school going children. Teachers and their Parents become serious role models for these schoolchildren, and the cultural and religious-oriented character that is shown to the children becomes a genesis of their training and inspiration. Here comes the necessity of introducing culture and religion to these children during social studies classes. Making Friends are most likely to happen between children who
Tuesday, November 19, 2019
Strategic Plan for CBD Energy Essay Example | Topics and Well Written Essays - 1500 words
Strategic Plan for CBD Energy - Essay Example For instance the company plans of producing 20,000 units on an annual basis. This is indeed a huge plan that needs the presence of well chosen strategic plan to implement. Finally, there is a general need for the company to growth in size and revenue target. To make this target achievable, it is important to have a strategic plan that will serve as a benchmark for fulfilling the aspirations of the company. In selecting a strategic action however, there are a number of options for the company. This paper shall be dedicated to analysing a number of strategic actions to identify which would work best for CBD Energy. Levels of Strategy Before deciding on a strategic action, it is very important to appreciate the fact that strategic actions comes in different business levels and that the type of level of strategy selected for a company influences the final form of strategic action that will e taken. ... This is because the corporate level strategy will offer the company the opportunity to diversify, if the need be; with other companies to achieve the common objectives of the company. Again, quoting from Carpenter & Sanders (2009), Linnenluecke (2011) observes that corporate level strategy â€Å"Focuses on the selection and management of a mix of businesses competing in several industries or product markets to gain a competitive advantage.†This means that CBD will have the opportunity to work in a collaborative effort with most other companies when the need to merge or acquire new ventures becomes necessary in the strategic action to be selected. The option (Porter’s Cost Leadership Strategy) The Albany University (2007) outlines four major generic strategies that can be used in helping businesses gain competitive advantage. These are cost leadership, differentiation, focused low cost and focused differentiation. Having researched into all the strategic actions, the wr iter recommends that cost leadership would be the best strategy for CBD Energy for its present pressing demands. Description of Strategy Linnenluecke (2011) observes that this strategy works under two major philosophies. In the first place, there is a conscious effort to present products and services at lower costs as compared to costs charged by rivalry companies. In the second place, there is a focus on minimizing cost of production while â€Å"providing a more or less equivalent product or service compared to rival firms†(Linnenluecke (2011). The underlying factor therefore is that CBD Energy would have to agree on taking advantage of the market by lowing cost of production and cost of products and services. This strategic action works under
Sunday, November 17, 2019
International Law In Business Dispute Essay Example for Free
International Law In Business Dispute Essay With the diversity in the exchange of business portfolio continues to grow, a rational legal device should help to solve the various conflicts that arise in various international business conflicts developing from such business transactions. The international business and trade are basic pillars for the growth and economic sovereignty of the global states. The compliment of comparative and absolute advantages will constantly remain upraised. Hence therefore, the global states will remain morally upright in exchanging commercial activities and products from one state to another.            Like any other activity operating within social dimensions, business activities are partied with various conflicts. However, with the rationality ascribed to the conflict theory working within social structures, the same is critical in providing standards of social changes and revolutions. Perhaps, without conflicts within business structures, the same cannot strike a step ahead in horror of growth and development. However, the same business conflict is impartial in preventing adequacy of cohesion in international business standards. With the counterfeit results of international business conflict, a rational analyst would be indifferent of the role played by the international business in the same. Therefore, one would perhaps ask, does international law provide an environment for settling business disputes? If yes, what are codes of its dimensions? However, the logics to this thesis statement would call for sublime academic research for a scholar who would not compromise the authenticity and valid support of a research work.[1]            The international businesses and trade operates within the international environment, business structures, parties into business contracts and legal and priority requirement into international business contracts. With the diversity into the activities found beyond the national business borders, then the foundations of these transactions is ratified by the activity of persons founded on diversity in racial backgrounds, ethnicity, domestic constitutions and commercial laws, above other fundamental human basics.            However, these differences should be brought together in a common understanding in the person’s within the contractual authorities of international definitions. Perhaps however, international law brings comfort to the international business family providing a support for general cohesion and exchange of activities across the national borders. Throughout its mission, the law provides tools of support for the activities and structures operating within the general framework of the international business. In a short hand, a rational being may purport this as the positive contribution of the international law in settling business disputes. However, the same law is deemed as a basic support for increased international chaos and disputes. On grounds of rationality, this is the negative impact of internal law in settling business disputes.[2] For impartiality in both of the phenomena, stakeholder into their detailed description should never be compromised. Advantages of international law.            Summarily, one can say that international law does to business what Aristotle did for the school of philosophy. The domain of the international law contribution to business would perhaps open volumes of discussion if taken at a deep emphasis. However, a sub detailed analysis would still provide a support for the same.            Within the international business, an encapsulation of activities of intensified nature is the operational attire of the system. These activities are compounded by diversity in their attributes and volume of work. It involves transactions of broad nature brought forward by nationals of different human understanding. Due to the diversity in these activities and domestic legal authorities, parties into these activities often find themselves trapped in the pool of conflict between one another, structures and activities. For harmony into the business activities, international business comes to provide understanding and harmony into such business prospects.            Firstly, the environment, within the international business activity ought to be taken care off. Various production, distribution and business transaction processes involve dimensions that are threat to the environment. The global environment has continued to suffer degradation due to various commercial activities such as factory exhaustions and productions, the maritime activities like oil spillage, over exploitation of resources by the investors, general product dumping above others. The global environment is the most fundamental factor which defines the rationality for livelihood within the globe. Its degradation fosters a threat to the broad image of humanity. However, international law comes in to provide refuge for the global environment through various environment laws such as, the international marine laws, aviation laws, and commercial laws above others.[3] The package of the national laws is inadequate and perhaps is radically inefficient to factor in the responsibility of international environmental attributes.            Elsewhere, the international business involves various contractual relationship based on international foundations. Due to the generality of business environment, a breach into the contracts has been discretionary the fundamental daily concept. Such breaches would be impersonalized and irrational if promulgated under the imagery of the national business law. However, international business does coherent validation in breached contractual relationships of an international capacity. Through the codes and regulations of its various internal laws such as the international arbitration, such conflicts are brought down into formal spheres of logical formalities. It therefore seeks to invite legal modalities that govern the transactional portfolio of international contracts.            Indeed, a broad package of instruments is waived in the international business activities. The validation of there transaction would be limited by the legal requirements of commercial activities at the national imagery. Various instruments are required in the due execution of international business activities. Generally, the diversity into the transactions also provides a task force for diversity into the negotiable and activity transfer between different parties. The rationality in the administration, creation, transfer and the use of international business instruments is provided by the formalities of the internation business law. This will radically help to provide pursuit of harmony to those involved in transfer of business process.[4]            At the international parameter, consumer sovereignty and protection is never compromised. The law has provided that, products and processes within the dimension of business law should articulate standards with which sovereignty and the general health and purchase price support to the consumers should remain a priority. Elsewhere, it has never compromised support in maintenance of high standards of products, services and processes that are not harmful for human consumptions. Indeed, the GATT law stands to provide refuge on commodity dumping and maintenance of high quality products.            The international business operates within organizational structures. These may include aviation (both air and marine), factory stands, resource depots, banks, the legal bodies, above others. The proficiency should be maintained which is adequately catered for by the international law.            Broadly therefore, international law is compounded by various advantages with which the success and promotion of the international business is fostered Disadvantages of international law.            Though coupled with various advantages, the same is not limited to a number of weaknesses. Conventionally, international business acts within the broad structures of the international business portfolio. However, this environment captures person’s of different nationalities with limited scales of common understanding. A collaboration between these persons in however hypocritical and only limited to the attributes with which the parties may be willing to understand one another.            Consequently, international law has been the main source of global misunderstanding and the major pivot concept that provide a tool for interstate conflicts. Different parties and state into international business have echoed on various disputes and conflict whose raw synthesis is potentially rooted in the understanding of the international law.            Domestically, the business activities are safeguarded by the domestic commercial laws. However, such laws are only limited to the economic structures found within the spectral national boundaries. With the diversity into the economic empowerment of the different global states, their national law stands to be different in an adaptation of the structures operating within them. The economic authorities of different state activities validate them to operate in within different state activities and within different commercial laws. Elsewhere, the general difference in the economic dignity of different states imposes chaotic relations when a balance of understanding is employed to resolve international business activities.[5] The rational beings have never been at ease to compel at in providing a solitary understanding between business conflicts born between parties or states of different economic orientations. Summarily therefore, international law has been a basic source of misunderstanding and chaotic asymmetries between different nationalities.            Conventionally, international law stands to be a basic source of various global conflicts. Many people have ascended to this law as being a chief source of benefits at the expense of the others. Either, the same has being seen as a source of success to the highly developed and economically potential nations. The less developed and poor nations have however been seen as objects of exploitation by these laws. This is the foundations into the state of global conflicts and misunderstanding.            Broadly, different statues of the international laws have applied different in the domain of international business. Firstly, the labor laws provide a descent support on employment and personal protections at the workplace. These laws have been developing to provide material support that governs the rules and regulation for the international labor supply. The same has been developed via a coherent support with which the role of the workforce is to be given a support. Labor laws have been used to provide protection in terms of salary and wage payment so that workers are not exploited of the labor resource against wage package that does not provide for their sovereignty and high living standards. Either, it seeks to protect persons from effects of poor working conditions. Generally, international labor law is a package of administrative laws that provide adequacy in the working conditions of the people at their workplace. It also governs the international exchange of labor force. Consequently, it provides a support for equality in employment opportunities without discrimination into the grounds of  ethnicity, gender, nationality, race, religion and other parameter. It also encapsulates the avoidance of juveniles and young people from labor exploitations. Summarily, this law package provides a tool for a coordinated approach in the framework of labor within the international image.            Either, the sovereignty of holders of intellectual property rights and the role of internet has been of a great value indeed. The development of product and service has fundamentally been seen as an important factor if the state of international business is to be rationalized. Though the scope of intellectual property rights is too broad, a short hand summary of the concerned remains objective. The international law has however not overlooked the role played by the intellectual property ownership.[6] Indeed, various laws have been instituted which seek to govern the sovereignty in the rights of the intellectual property holders. Perhaps, the Blockbuster should never be down looked in defining the role played by the internet system in providing a support for sovereignty into the holders of these rights. The international law recognizes and appreciates the roles played by these holders towards the success of the global productions. The various laws instituted provide frontiers for continued support into the use and ownership of these rights to avoid the basic conflict which may arise thereon.            The general business administration is a key aspect that operates within the business framework. International business law seeks to authenticate and validate such administration through drafting legal processes and procedures that provide a continued support for a good organizational leadership. It has provided for a conventional structure of the corporate governance where the different structures into such corporations are provided for the adequacy through the development of the primary function of each. This has been done to persuade a global understanding between the corporate governance and stakeholders of the business. This promotes success and vigilance into the international business arena.[7]            Within the international business comprised of various contractual relationships, the aspect of liability, its defense and elsewhere its discharge are fundamental basics for every aspects that promote understanding in the international business. The same law has however never compromised in providing a legal framework that guides and promotes illegibility into acceptance of liabilities. Various ethical and legal standards have been formulated with which the acceptance, defense and discharge of liabilities in international business should be administered. Within the business process, liability acceptance costs the decency of its procession.[8] Otherwise, no solid business foundations would operate in the absence of regulations that instill confidence into every single business. The international law comes into sanction with various understandings in form of laws and regulations governing international business liabilities. It seek to provide dimensions which instill confidence in every business proceeding.            Generally, the contractual relationship and transfer of activities follows the suit of various negotiable instruments. However, the legality of holding and transfer of negotiable instruments should follow a well modeled structure of activity with which transfer of ownership should be adequately defined and regulated by the law. Due to the diversity and intensity of activity within international business, the importance of negotiable instruments is important. However, international law has come to persuade for adequacy in all the transactions formulated within standards of holding and transfer of negotiable instruments. They seek to safeguard the interests of the parties into it. Otherwise, the international law is adequate in providing legal dimension that regulate the ethics in these instruments.[9]            Either, the international law recognizes and honors the personal rights in property ownership. Consequently, it anchors provision that help to provide for the rights in exercise of transactions and interest in every piece of personal property. Through the piece of codes and regulations on property ownership, all transaction rooted on transfers and interests of ownership in property right are safeguarded. Above the aspect of personal property, the aspect of the credit rights and interests in real property is provided for. The  recognition of parties under ownership of real property and estates are provided with affiliated provisions on parameters with which they can use their property for any security interest in due process of sourcing credit. Different law statues have compounded the various transactions that may be available in every activity relating to international property/ estate ownership. With the broad recognition of the threshold consequences behind bankruptcy and its abuse to the consumer population, the consumer protection Act of 2005 is provided for the international law to safeguard the consumers from the acrid losses which may befall them in the due process of bankruptcy affecting business men. Consequently, any activities that mitigate the enjoyment of consumers of products at the international parameters are provided for. Various legal authorities have been formulated to provide a descent support for issues of international business bankruptcy. The law also recognizes the bank system and the transfers of checks as important components of business transactions. Various banking, wire and checks writing at the international level have been provided for through a structure of various law sets.[10] Summarily therefore, international law does a comprehensive package of benefit in the adequate performance of the global business. It seeks to formulate various laws which help to provide a coherent support into the overall factor of international business transaction. WORKS CITED Bederman, David J. International Law in Antiquity: David J. Bederman. Cambridge, England: Cambridge University Press, 2001. Book on-line. Available from Questia, http://www.questia.com/PM.qst?a=od=105008836. Internet. Accessed 16 November 2007. p. 57 Buchanan, Allen. Justice, Legitimacy, and Self-Determination: Moral Foundations for International Law. New York: Oxford University Press, 2004. Book on-line. Available from Questia, http://www.questia.com/PM.qst?a=od=110214133. Internet. Accessed 16 November 2007. p. 93 Finch, George A. The Sources of Modern International Law. Buffalo, NY: William S. Hein, 2000. Book on-line. Available from Questia, http://www.questia.com/PM.qst?a=od=27948629. Internet. Accessed 16 November 2007. p. 66 Hathaway, Oona A. Two Cheers for International Law. The Wilson Quarterly, Autumn 2003, 50+. Database on-line. Available from Questia, http://www.questia.com/PM.qst?a=od=5002035454. Internet. Accessed 16 November 2007. p.1 Knop, Karen. Diversity and Self-Determination in International Law. Cambridge, England: Cambridge University Press, 2002. Book on-line. Available from Questia, http://www.questia.com/PM.qst?a=od=105114608. Internet. Accessed 16 November 2007. p.73 Meron, Theodor. International Criminalization of Internal Atrocities. American Journal of International Law 89, no. 3 (1995): 554-577. Database on-line. Available from Questia, http://www.questia.com/PM.qst?a=od=96649446. Internet. Accessed 16 November 2007.p.1 Ratner, Steven R. International Law: The Trials of Global Norms. Foreign Policy, Spring 1998, 65+. Database on-line. Available from Questia, http://www.questia.com/PM.qst?a=od=5001329988. Internet. Accessed 16 November 2007.p.1 Richardson, Henry J. The Gulf Crisis and African-American Interests Under International Law. American Journal of International Law 87, no. 1 (1993): 42-82. Database on-line. Available from Questia, http://www.questia.com/PM.qst?a=od=95199148. Internet. Accessed 16 November 2007. p.1 Roth, Brad R. Governmental Illegitimacy in International Law. Oxford: Oxford University Press, 2000. Book on-line. Available from Questia, http://www.questia.com/PM.qst?a=od=30428687. Internet. Accessed 16 November 2007. p.56 Yee, Sienho and Wang Tieya, eds. International Law in the Post-Cold War World: Essays in Memory of Li Haopei. London: Routledge, 2001. Book on-line. Available from Questia, http://www.questia.com/PM.qst?a=od=102757928. Internet. Accessed 16 November 2007. p.104 [1] Roth, Brad R. Governmental Illegitimacy in International Law. Oxford: Oxford University Press, 2000. p.56 [2] Ratner, Steven R. International Law: The Trials of Global Norms. Foreign Policy, Spring 1998. p.1 [3] Bederman, David J. International Law in Antiquity: David J. Bederman. Cambridge, England: Cambridge University Press, 2001. p.57 [4] Meron, Theodor. International Criminalization of Internal Atrocities. American Journal of International Law 89, no. 3 (1995). P.1 [5] Finch, George A. The Sources of Modern International Law. Buffalo, NY: William S. Hein, 2000. p.66 [6] Buchanan, Allen. Justice, Legitimacy, and Self-Determination: Moral Foundations for International Law. New York: Oxford University Press, 2004. p.93 [7] Knop, Karen. Diversity and Self-Determination in International Law. Cambridge, England: Cambridge University Press, 2002. p. 73 [8] Hathaway, Oona A. Two Cheers for International Law. The Wilson Quarterly, Autumn 2003. p.1 [9] Yee, Sienho and Wang Tieya, eds. International Law in the Post-Cold War World: Essays in Memory of Li Haopei. London: Routledge, 2001. p.104 [10] Richardson, Henry J. The Gulf Crisis and African-American Interests Under International Law. American Journal of International Law 87, no. 1 (1993) p.1
Friday, November 15, 2019
Everest :: Essays Papers
Everest Mount Everest, the world’s highest point at 29,035 feet, is a special trophy among high altitude mountaineers. Standing atop the world’s highest point a hypoxic climber clad in a fluorescent down suit is above everything else on the planet, for a moment that individual can reach farther into the sky than any other. Arms raised in a victorious salute, a climber feels like they have conquered something that few others ever have, and justifiably so. The summit is usually the final fruition of months, sometimes years of planning, weeks of travel and acclimatization, and days of endless plodding at a feeble, learning-to-walk pace. Climbers who have devoted years to the sport may never have a chance at Everest, yet it seems that those with the monetary means can get to the top, not through years of preparing, but by the simple addition of a signature to a check. Those without the experience somehow make up for their lack of skills by paying others to cover their shortcomings, in preparing everything from travel and logistics, to providing gear, food, accommodations, and a support team. The clients of guided trips can go so far as to have a mountain professional literally lead the way, every step, to the top. A major problem with the amateurs on Everest is the inherent need for a guide to the summit. In a high altitude alpine setting one person’s skills or experience should not be used as coverage for a lack in another’s. Being literally led by hand along a lofty snow-ridge, towards the summit, and then back down again, is no way to climb, descend or spend any amount of time on a mountain. Guiding, although a monetarily lucrative business, and possibly fine at lower altitudes, is not responsible in a high altitude mountaineering setting. In a May 23rd, 1996 Outside Magazine online chat with Jon Krakauer, a client on a guided expedition and the to-be author of Into Thin Air, an account of the 1996 Everest disaster, expressed his feelings about guiding on Everest. He agreed with a contributor that guides on Everest are bound to their clients and actually are paid to take care of them. He also contributed that, although he was an extremely accomplished climber, he would never consider guiding, if only for the fact that he wouldn’t â€Å"want (his) life to be determined by some guy tripping over his crampons and pulling (him) off (the mountain).
Tuesday, November 12, 2019
Importance of Economics in Daily Life Essay
What are the most important concepts you have learned in this Course How can you apply them to your life? What difference can these concepts or tools make in your everyday life? The essence of the education is not just to get the degree, rather to enhance intellectual caliber though learning and developing wisdom in the light of that learning that can be applied in the practical sphere of life. Although anything new that we learn is a value addition to our already developed wisdom; however, the aspect of life where that knowledge can be applied is different. For example, to learn about aviation would add something to a person’s wisdom, yet if that person does not want to make career in aviation or aeronautics that knowledge has little to do with his ordinary life. However, there are some subjects that are important not only to the experts of those fields, rather to all and sundry. Economics is one of them. It is a well known quote that economics is the intellectual religion of the day. In this course, we learned a variety of economics concepts, such as, Supply and Demand, Types of Goods and Markets, Government Policy and International Trade, Labor Markets, Wages and Income, Measuring Economic Health, Federal Reserve and Fiscal Policies, Economic Analysis. The importance of these concepts and tools for an economist is undisputed. Let’s look at how these concepts can help us in our everyday life. At an individual level, even if a person is not an economist, yet by studying economics he would be able to reason out some very simple phenomenon of life, which is actually the application of the different economic concepts. For example, he may reason out for a popular diamond water paradox that would reveal him that commodities rare in supply but greater in demand have higher prices. Likewise, consumer behavior and utility analysis can be understood, which would help him to be a wise and well informed buyer. Thus, at individual level, economics would help because, whatever the profession of the individual may be, being a buyer, he is the part of the economic world. At the community or group level, to be a well-informed and wise citizen, every person should be equipped with at least basic tools of economic analysis. It is quite normal at the time of election that the contesting parties also given a significant space to the economic reforms and policies in their election manifestoes. Having at least a functional knowledge of economic would help to evaluate which party has better policies. Thus, voting decision may also be influenced by the knowledge of economics. Moreover, the wisdom of various economic policies of government may be assessed and that would help to be a better, well informed and better citizen. All in all, based on the abovementioned arguments, it can be concluded confidently that economics enhances the reasoning of an individuals on various issues, at individual as well as group level. Reference Brue, S. , & Mcconnell, C. (2006). Economics. New York: McGraw-Hill/Irwin.
Sunday, November 10, 2019
Warped Tour And better – Creative Writing
I gazed up in amazement at the enormous steel arch which made up the railway bridge, which I, together with the other thousands of fans, was shuffling under making our way towards the vast expanse of open fields that constituted the concert arena. I hoisted myself onto the metal barrier enclosing the mass of people and slowly inched my way toward the make shift box office to collect my tickets. By the time I reached the box office it was eleven thirty and it was 100à ¯Ã‚ ¿Ã‚ ½F. The midday sun was harsh and I could feel the heat cutting across my neck like a red hot rapier. The dust was incredible. The grass had been worn away by the thousands of shoes scouring it, causing a permanent haze of dust to envelope the crowd as they rushed into the field beyond. As I crumpled against a steel post forming a chain link fence, I peered down at my feet and noticed rivers of sweat cascading down my legs and evaporating into the haze. Every time I took a breath I felt an abrasive sensation in my throat, causing a painful scratching around my tonsils, which I eventually relieved by bringing up a ball of brown mucus which I spat out onto the dusty ground and rubbed into the earth with my foot. I got the tickets. Once past the tickets and through a series of security checks I ambled into centre of a cluster of around two hundred gazebos, all of them hung with eye catching decorations, selling a vast variety of music paraphernalia, however, I was looking for just one tent; the DRIVE-THRU RECORDS tent. Quickly I paced through serried ranks of displays until a glint of orange caught the corner of my eye and there in bold, black print were the words DRIVE-THRU RECORDS. I barged through the throng of people twisting and turning until I arrived at the stand and was greeted by my sister who had managed to obtain VIP entry to the venue. As I gazed over her shoulder I spied tables decked with musical memorabilia and perched on the edge of one of the tables was a large glass jug containing cool, clear water. Grabbing the jug I swigged the water down in two massive gulps and wiped my hand across my mouth licking the final few droplets from around my lips. Having been refreshed I continued my quest to find the stages, however it was cut short when a magnificent cheer erupted from my right. Spurred on by this roar of excitement I grabbed my friend and dragged him with me toward the noise. We burst through the line of the regimented gazebos and finally found ourselves in the crushing surge of people pressing towards the stage. Surveying the crowd we spied gaps and quickly manoeuvred our way between the bodies until we could squeeze through any further as it was just too packed. As the guitarists struck the first chords the crowd went wild, pulsating into life, jumping, waving, screaming and shrieking with delight. The atmosphere was electric injecting everyone with pure adrenaline and energy. The last note was twanged and like a switch it caused the horde of people to slowly flood out towards the tents and huddle around the stalls selling water. But not me, because, as if by magic, my sister appeared about 100 yards away. She was waving two thin slips of orange paper, trying to lure me towards her. I couldn't quite make out what the papers were, but I had a good idea. I signalled to my friend to head toward her. As we got closer the slips seemed to glow a much more vibrant orange and I knew exactly what they were; backstage passes. Like a deer, frozen in headlights, I stood in a trance as she handed us the passes to stick around our wrists. Once I was out of my own world, my sister and I snaked through the crowd towards the tour bus whilst my friend shuffled to the front of the crowd to watch the next band. As I stepped onto the tour bus (which my sister had been staying on for the last five weeks) I felt a blast of cool clean air hit my face and the bus almost felt cold as I felt the hairs on my arms prick up. My sister grabbed two bottles and chucked one to me. She introduced me to a few of the other people retreating from the heat and then we headed out. Over the last few weeks when my sister had been away whenever I spoke to her over the phone she would brag about how she was making friends with some of the famous people on tour. One of them being someone who I practically worshiped! And I was about to meet him. I stared in disbelief as a man who I have posters of on my wall waved and smiled at my sister. The man, Travis Barker, was under a gazebo (guarded by the biggest man I'd ever seen) behind the main stage. He was leant over a small box with pads which would light up and he would hit them with his drum sticks. My sister walked up to him while I followed trying to work out if it was dream. My sister introduced me to him and when he shook my hand it sent a shiver down my spine. My sister and I spoke to him for a while despite the fact I was so dumbstruck. Eventually we had to leave as he had to play so I got him to sign my hat even though I felt stupid asking and we headed back to the tour bus. The rest of the day seemed to go quickly after this in a blur of watching bands and staggering to the tour bus for replenishment. The last image I have of the day is looking back at all the people, the astonishing size of the whole field and how amazing Warped Tour had been, but it was nothing like looking down at my hat which was I was clutching in my hand.
Friday, November 8, 2019
Discuss how Leadership, as a process, shapes the goal of a group or organization The WritePass Journal
Discuss how Leadership, as a process, shapes the goal of a group or organization WHAT IS LEADERSHIP? Discuss how Leadership, as a process, shapes the goal of a group or organization WHAT IS LEADERSHIP?Characteristics of leadrershipNature of Leadership-INTRODUCTIONBACKGROUNDMajor roles played by Dr.manmohan SinghREFERENCESRelated WHAT IS LEADERSHIP? Leadership is one of the most relevant aspects of the organization context. Leadership is described as â€Å"the process of social influence in which one person can enlist the aid and support others in the accomplishment of a common task.†Leadership is the creation of an environment in which others can self-actualize in the process of completing the job. Leadership, as a process, shapes the goal of a group or organization, motivates behaviour toward the achievement of those goals and helps define group or organization culture. According to Professor Kenneth Clark, â€Å"An activity or a set of activities, observable to others that occurs in a group, organization or institution involving a leader and followers who willingly subscribe to common purposes and work together to achieve them.†Characteristics of leadrership Leadership is a process of Influence. Leadership is related to a situation. Leadership is a function of stimulation. Working relationship between Leader and Follower. Employees must be satisfied. Community of Interests. Nature of Leadership- Performance Communication Influence Power base Interaction Acceptance Followers Situation Attributes INTRODUCTION Dr.Manmohan Singh is known as â€Å"father of Indian Reforms†came out as the Congress party’s leader. He is the cleanest man in Indian political affairs and he was also previous Finance Minister and Author of the post-1991 Economic Developments. Dr. Manmohan Singh is thirteenth Prime Minister of India. He was elected as Prime Minister in the fourteenth Lok-Sabha Elections held in 2004. He is the only Prime Minister of India since Jawaharlal Nehru to return to power after finishing a full five-year term, seventh Prime Minister belonging to the Indian National Congress party, first Sikh to grip the office. The Prime Minister of India Dr. Manmohan Singh is almost certainly the most experienced politician and manager in the planet. Dr.manmohan Singh is highly praised as a philosopher and also a scholar. He is well considered for his attentiveness and his educational approach to effort as well as his convenience and his down-to-earth behaviour. He is a man of high moral values and standings. Today, there are many criticisms of our Prime Minister Manmohan Singh. He has been criticized a number of times for hesitancies and lack of leadership virtues. I personally think that it is not correct. But I think that in coalition period lot of people depends upon partnership and several times results will have to be fluctuated to discuss with the other member. If our minister in government sector is to be eliminated than the association partners will also have to be discussed. I think who so ever take the chair will also have to perform same. This is the responsibility of every person in coalition to look after the image of our government. Nobody can declare that its minister may be scarce but party is acceptable as party is different from government. I think it will help all coalition partners of United Progressive Alliance (UPA) if government ingredient can present a integrated front. I believe that Manmohan Singh is quite a strong man and he is intelligent to convey on various faces despite of serious odds. The strength or power of a man can also be judged by patience. If you have zero tolerance of others then you are a very weak personality. The power of decision-making and a leadership lies in a talent to bear lot of citizens with you. Manmohan Singh has obtained this ability in his soul. Most of troubles faced by nation need long term explanations. Efforts like growth with progress, growth with fairness and integrity, exclusion of Naxalism will get long period. Removal of Naxalism will want eradication of poverty, hunger from huge part of India. Every union has exact to transform or replace its leadership. If UPA make a decision to change his leader to accomplish so what they think. So there is nothing immoral in young leadership, but it does not show that something is erroneous with Manmohan Singh and his management merits. BACKGROUND Dr.Manmohan Singh was born to Gurmukh Singh and Amrit Kaur on September 26, 1932 in Gah, Punjab, now in Chakwal District, Pakistan, British India into a Sikh family. In his childhood, he lost his mother Amrit kaur after then his grandmother to whom he was so close elevated him. In his childhood, Manmohan Singh was a diligent student studying in candle-light because where he was living there was no electricity in the village. After separation of India, his relatives migrated to India and stayed in Amritsar (Punjab).He secured highest marks in almost all the examinations he attemped.There he got admission in Hindu College. For his advanced studies in the field of Economics he attended Punjab University, Chandigarh. He attained his Bachelor’s degree as well as Master’s degree in 1952 and 1954 correspondingly. In 1952, he was awarded the University Medal for first in BA (Hons.).He always stood first throughout his academic years.After two years he was again awarded the Uttar Chand Kapur Medal for standing first in MA (Economics). As a member of St. John’s College, he went on to read for Economic Tripos at Cambridge University. Needless to say his intelligence is supreme. He is also recipient of the Honorary Degree of- Doctor of laws from University of Alberta, Edmonton, Canada. Doctor of Social Sciences from University of Roorkee, Roorkee. D.Sc from Chaudhary Charan Singh Haryana Agricultural University, Hissar.  Thapar Institute of Engineering and Technology, Patiala.  detailed view of his Degrees and posts held- BA (Hons) in Economics 1952, MA First Class in Economics, 1954 Punjab University, Chandigarh, India Honours degree in Economics, St Johns College, Cambridge (1957) Senior Lecturer, Economics (1957-1959) Reader (1959-1963) Professor (1963-1965) Professor of International Trade (1969-1971) DPhil in Economics, Nuffield College, Oxford (1962) Delhi School of Economics, University of Delhi Honorary Professor (1996) Chief, Financing for Trade Section, UNCTAD, United Nations Secretariat, New York  Economic Affairs Officer 1966 Economic Advisor, Ministry of Foreign Trade, India (1971-1972) Chief Economic Advisor, Ministry of Finance, India, (1972-1976)Honorary Professor, Jawaharlal Nehru University, New Delhi (1976) Director, Reserve Bank of India (1976-1980) Director, Industrial Development Bank of India (1976-1980) Secretary, Ministry of Finance (Department of Economic Affairs), Government of India, (1977-1980) Governor, Reserve Bank of India (1982-1985) Deputy Chairman, Planning Commission of India, (1985-1987) Advisor to Prime Minister of India on Economic Affairs (1990-1991) Finance Minister of India, (21 June 1991 15 May 1996) Leader of the Opposition in the Rajya Sabha (1998-2004) Prime Minister of India (22 May 2004 – Present,2011) He has always been a stunning student with great aptitude that won him various rewards and appreciations. To reveal a few early appreciation include Wrights Prize for well-known performance in 1955 and 1957.He was one of the few receivers of the Wren bury scholarship. He married Gursharan Kaur in 1958. On the other hand his family has mostly stayed out of the limelight. Dr.Manmohan Singh had three daughters named as Upinder, Daman and Amrit.They have winning non-political professions. Upinder Singh is a professor of History at Delhi University. She has written six books including Ancient Delhi (1999) and also A History of Ancient and Early Medieval India (2008). Daman Singh is a graduate of St. Stephen’s College, Delhi and Institute of Rural Management, Anand, Gujarat, and author of The Last frontier.People and Forests in Mizoram and a novel Nine by Nine. Amrit Singh is a staff attorney at the ACLU. In 1962, Dr.Manmohan Singh completed his studies from the University of Oxford where he was a member of Nuffield College. The title of his doctoral thesis was India’s export performance (1951–1960) export scenario and policy implications†. His thesis supervisor was Dr. I.M.D. Little. This thesis later grew into the book India’s Export Trends and Prospects for Self-Sustained Growth. His career started in 1966 while working for United Nations Conference on Trade and Development (UNCTAD). After spending three years at UNCTAD he then taught at the University of Delhi and worked for the Ministry of Foreign Trade with the former Cabinet Minister for Foreign Trade. Lalit Narayan Mishra was the first person who recognized Singh’s talent. Then Lalit Narayan has chosen Singh as Advisor at the Ministry of State. In the year 1982, Manmohan Singh was appointed as a Governor of RBI (Reserve Bank of India). He held this position until 1985. From 1985-1987, he served as the Deputy Chairman of the Planning Commission of India. In 1991, then Prime Minister P.V. Narsimharao selected him as the Finance Minister of India and served for such five long years till 1996. In the duration of these five years (1991 – 96). He carried out various reforms that resulted in the end of License Raj System that helped Indian Economy to greater international trade and investments. In 1997, he was offered with an Honorary Doctor of Laws by University of Alberta. The University of Oxford rewarded him an honorary Doctor of Civil Law degree in June 2006, In October 2006, the University of Cambridge pursued with the same honour. St. John’s College further honoured him by naming a Ph.D Scholarship after him, the Dr. Manmohan Singh Scholarship. The Following 2004, general elections Dr.Manmohan Singh was surprisingly declared as the Prime Ministerial candidate of the Indian National Congress-led United Progressive Alliance (UPA). He was confirmed as the Prime Minister on 22 May 2004, along with the First Manmohan Singh Cabinet. After the Indian National Congress won the 2009 general elections on 22 May 2009. Dr.Manmohan Singh was avowed in for his second occupancy as the Prime Minister at the Asoka Hall of Rashtrapati Bhavan. In 2010, TIME magazine programmed him among the hundred most dominant people in the world. Newsweek magazine also lists him as one of TEN world leaders who have won high opinion and also described as the leader other leaders love. Reputed writer Khushwant Singh mentioned Dr. Manmohan Singh as the most excellent Prime Minister of India. Even ranking him superior than Jawaharlal Nehru the first Prime Minister of India. He  mentioned of an incident in his book Absolute Khushwant, The Low-Down on Life, Death and Most things .In the middle of where after losing the 1999 Lok Sabha election,Dr.Singh instantly returned rupees two lacs, he had lent from the writer for hiring taxis. Terming him as the greatest example of honesty.Mr. Khushwant Singh said that; â€Å"When people talk of integrity, I say the greatest example is the man who occupies the country’s highest office.†Major roles played by Dr.manmohan Singh As a Finance Minister As a Prime Minister As a Governor of Reserve bank of India The countrys 14th Prime Minister Dr.Manmohan Singh is a man of honourable status and deeds .He is also the first Sikh to have attained the countrys top parliamentary position. In this comes the support of a legitimate will to put an end to anxiety of the 1980s. ANI tried to visit Dr.Singh’s roots which verbalize of a fundamental straightforwardness and rise from the heaps and modest initial stages. The citizens celebrating Dr. Manmohan Singh as prime Minister consider and are familiar with him that he is one of them. Fortune had huge stuff in store. Congress President Sonia Gandhis judgment to withdraw from the Prime-Minister ship and suggest her most reliable lieutenant alters various equations, remarkable between them.Dr.Manmohan Singh becoming prime minister sets at rest any allegation of partiality against the community and furthers a mending after the tensions of Operation Bluestar to evict terrorists at the Golden Temple and the assassination of former Prime Minister Indira Gandhi. Qualities- Manmohan Singh, no doubt, is a wearer of many hats. He is not only a sharp bureaucrat but also an astute economist who performed an economic ‘bypass’ to a dying Indian economy and dared to do the unthinkable: open gates of India to foreign direct investment (FDI) and ending an era of license raj. In a stirring speech he had predicted the days of a rising India. Manmohan Singh’s historic budget of 1991 changed the course of India’s economic history. Singh’s radical economic shift was not like Harry Potter’s magic wand but it gradually saved India from extending a begging bowl to IMF (International Monetary Fund). PC Chidambaram’s 1997 â€Å"dream budget†was nothing but a legacy of Manmohan Singh. NDA capitalised and strengthened the basic policies of Manmohan Singh. It was only in 2006-07 Time and New Statesman portrayed India on their cover pages and recognised the potential of India’s economic march. Political sincerity and commitment cannot be gauged from speeches but it reflects in the legislature. The two most prominent decision of Manmohan Singh government are passing of RTI (Right to Information Act) and NREGS (National Rural Employment Guarantee Scheme). UPA’s common minimum programme is indeed praise-worthy but Manmohan Singh government has failed to fulfil aspirations of the common man. As activist Aruna Roy has rightly remarked, â€Å"In a strange schizophrenia, the Manmohan Singh government remembered to bring the non-shining India to the table, but forgot to serve it.†Manmohan Singh has spent his early days in a village (now in Pakistan) but his heart only beats for the rich and the corporate India. NREGS was passed after much deliberation and discussion while SEZ (Special economic zone) bill was passed without any debate. It has been rightly said that Manmohan Singh was in office but never in power. His tenure as a PM has been dominated by his ministers. PC Chidambaram never listened to Mannohan Singh. Just one example of the union budget would suffice. In a letter dated November 24, 2006 just after the submission of Sachar committee report, the Prime Minister’s Office directed to the finance ministry that â€Å"wherever possible, 15 per cent of targets and funds be earmarked for the minorities in the schemes included in the Prime Minister’s 15-point programme.†Finance Ministry completely ignored this directive. The post-Sachar Union budget was a major disappointment for minorities. After acknowledging that only a ‘modest’ contribution of Rs 16.47 crore was made to the equity of the National Minorities Development and Finance Corporation (NMDFC), Finance Minister (FM) said, â€Å"following the Sachar Committee report, NMDFC would be required to expand its reach and intensify its efforts†. So a paltry sum of Rs 63 crore was added to its share capital. And Rs 108 crore was allotted to the districts with a concentration of minorities. FM did not mention the actual number of those districts to avoid the embarrassment. There are a total of 155 such districts. You need not be a mathematician to figure out that only bureaucratic leftovers will be bestowed to the minorities. Out of the Union governments total expenditure of Rs 680,521 crore, the total allocation for minorities (it includes Sikhs and Christians too) was less than Rs 320 crore. The total number of minorities in India is 200 million (Muslims 150m, Sikhs and Christians 50m). The private life of Manmohan Singh- At long last, people got a teeny-weenie peek into the private life of Manmohan Singh, the turbaned soft spoken man who has been the Prime Minister of one of the largest democracies in the world for the last 5 years. Indian Prime Minister Dr Manmohan Singh, a sophisticated former economist, has played a key role in the countrys emergence as one of the rising powers of the 21st century, engineering the transition from stagnant socialism to a spectacular takeoff in the global economy. But its Singhs unassuming personal style that really inspires awe among his fellow global luminaries, who praise him for being modest, humble, and incorruptible. He has been dubbed as the weakest ever Prime minister of the country by the leader of the opposition L K Advani, others have challenged him to live debates in the electronic media, and people who he trusted him have tried to tarnish his image. But he is a cool customer. His wife and daughters worship the ground he walks on and he stands tall am idst the ruins of criminals and opportunists. He is passionate about his work and never shrugs from shouldering responsibilities. There is no certainty that the UPA would return to power but if it does, he should continue to do the good work that he has set in motion. REFERENCES  webindia123.com/personal/politician/manmohan.htm http://en.wikipedia.org/wiki/Manmohan_Singh indianembassy.tj/en/policy/policy.php?id=21 http://mulbagal.com/presentpm.html
Tuesday, November 5, 2019
The Indispensable Get
The Indispensable Get The Indispensable Get The Indispensable Get By Maeve Maddox I’ve been amusing myself lately by eavesdropping on people, listening for the use of the word get. I’ve concluded that get is as necessary to English speakers as the verb to be. The most common synonyms for the verb get are receive, obtain, and buy: I get the daily paper. (receive) Next month I will get my first raise in salary. (obtain) He got a 45†television set at the auction. (bought) In his sonnet â€Å"The World is Too Much With Us†Wordsworth uses get in the sense of â€Å"to accumulate wealth†: The world is too much with us; late and soon, Getting and spending, we lay waste our powers; The verb get has so many additional meanings that I wonder how ESL learners sort them all out. For example, used with the preposition on, get can have at least four different meanings: How are you getting on with your studies? (managing, progressing) Sallie gets on with her mother-in-law. (has a good relationship) At 93, Mr. Biggs is really getting on. (becoming older) Stop obsessing about the past and get on with your life. (continue) Here are a few more uses of get: Don’t get so nervous when you have an interview. (become) How do you get to Carnegie Hall? (reach, arrive at) I can’t get used to your new hairdo. (become accustomed to) So he mispronounced your name; get over it. (forget it, let it go). Now that everyone is in town, let’s get together for dinner. (meet) I know that losing your best friend is difficult, but you’ll get through it. (survive, overcome) I want my neighbor to get rid of his vicious dog. (dispose of) She’s trapped in a dead-end job and wants to get out. (escape) We hope to get away this weekend. (travel, go somewhere else) I’ve tried and tried to master algebra, but I just don’t get it. (understand) Then there are the imperatives with get: Get busy! Get a move on! (Hurry up.) Get lost! (Stop bothering me and go away!) And these two, which have different meanings according to the context: Get out! Get out of here! These expressions can mean â€Å"go away, leave my presence,†as in â€Å"Get out! I never want to see you again,†or â€Å"Get out of here! The dam is about to burst.†Or they can be slang expressions of disbelief: â€Å"You pay only $600 a month for an apartment in Manhattan? Get out of here!†Listen for get in your own speech for a day. You may be surprised by how often you use it. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Expressions category, check our popular posts, or choose a related post below:70 Idioms with HeartWhat's a Male Mistress?Woof or Weft?
Sunday, November 3, 2019
Financial Report Analysis Assignment Example | Topics and Well Written Essays - 1000 words
Financial Report Analysis - Assignment Example The Group’s performance in 2012 is testament to the strength of their strategies, the quality of their technologies and the ability and determination of their employees and members. They made a final payment to shareholders of 11.9 pence per share bringing the full year payment to 19.5 pence per share, an increase of 11 per cent from the year 2011. Ratio analysis is very important to all companies as it gives an insight on the hidden features of the company performance. Rolls-Royce Company seems to be performing very well for the past five years and more so for the reports provided at the end of February 2013 (GROPPELLI, ANGELICO, EHSAN NIKBAKHT ,2000 pg. 43). All of the ratios calculated including profitability, liquidity, gearing and returns ratios exhibits the company as being on the right track in terms of growth. The returns on investment and returns on capital employed have more than doubled in a period of one year. This is a clear indication that the shareholdersâ€℠¢ funds are being employed in the right manner. On the profitability ratios, all of them have experienced growth and improvement in the last one year while maintaining a relatively constant growth in expenses which gives a good report on the company. the company is also very liquid as exhibited by the positivity and the growth of the liquidity ratios. GROUP TWO YEAR REVIEW FOR THE YEARS ENDED 31ST DECEMBER INCOME STATEMENT 2012 2011 Revenue 12,161 11,124 Profit before net research and development and share of results of joint ventures and associates 2,488 1,536 Research and development (net) (589) (463) Share of results of joint ventures and associates 173 116 Profit before financing 2072 1189 Net financing 633 (84) Profit/(loss) before taxation 2705 1105 TAXATION (410) (257) Profit/(loss) for the year 2295 848 Attributable to: Equity shareholders of the parent 2281 850 Non-controlling interests 14 (2) Profit/(loss) for the year 2295 848 Research and development (gross) (919) (908) Underlying profit before taxation 1429 1157 EARNINGS PER ORDINARY SHARE: underlying 59.27p 48.54p basic 123.23p 45.95p Payments to shareholders per ordinary share 19.50p 17.50p BALANCE SHEET assets 18115 16423 liabilities (12010) (11904) Net assests 6105 4519 Ratio calculations Type of ratio formula 2012 2011 Liquidity ratios Current ratio Current assets Current liabilities 9593= 1.33 7194 8315 = 1.202 6916 Acid test ratio Current assets- stock Current liabilities 0.95 0.83 Net working capital ratio Net working capital Net assets 2399 = 0.39 6,105 1399 = 0.31 4,519 Working capital Current assets – current liabilities 2399 1399 Cash ratio Cash + marketable securities Current liabilities 1317 = 0.183 7194 223 = 0.032 6916 Leverage ratios Debt ratio Total liabilities Total assets 12010 = 0.66 18115 11904 = 0.725 16423 Debt /equity ratio Total liabilities Net worth 12010 = 1.97 6105 11904 = 2.6 4519 Long-term debt ratio Long term liabilities Net assets 11405 = 1.87 6105 11723 = 2 .6 4519 Profitability ratios Gross margin ratio Gross profit sales 2745 = 0.2 12161 2448= 0.2 11124 Operating margin EBIT sales 2705 = 0.045 12161 1105 = 0.019 11124 Operating ratio operating expenses sales 1918 = 0.16 12161 1714 = 0.15 11124 Net profit margin Net profit sales 2295 = 0.19 12161 848 = 0.08 11124 return of investment (ROI) Net profit after taxes Total assets 2295 = 0.127 18115 848 = 0.052 16423 Return on capital employed ROCE Net
Friday, November 1, 2019
Three components of the transmission mechanism,through which the Essay
Three components of the transmission mechanism,through which the expansionary policy works - Essay Example An expansionary monetary policy works by increasing the supply of money available in the economy.The recessionary gap is handled by the corresponding increase in demand which tends to create employment in the shorter run. As soon as the economy is supplied with money, the aggregate demand level rises from its previous state as shown in Figure 1 below. The demand level tends to rise from the existing AD1 level to a new AD2 level. In turn this increase in demand triggers an increase in the price level which tends to rise from an existing level of P1 to P2 which can be seen as inflation (Mankiw, Kneebone and McKenzie 503). As a consequence of price hikes, the inflation rate tends to increase as shown in Figure 2 and Figure 3 below. The short term Phillips Curve shows a linear increase as the amount of inflation rises but the long term Phillips Curve shows a vertical increase as the aggregate demand rises. If money is supplied to the economy at a fast rate, the outcome would be a small c hange in the overall employment rate since inflationary pressure would curb the economic growth. In contrast, if money is supplied to the economy relatively slowly, there would be a smaller increase in overall inflation and hence the net employment gain would be greater. In order to control a recessionary gap, the government has to offer the economy greater liquidity by increasing the supply of money. However, it must be kept in mind that the rate of supply of money has to be relatively low so that long term inflationary pressures do not set in. ... Fiscal policy can be controlled by increasing or decreasing government spending as well as by manipulating the taxation levels of ordinary households. A contractionary fiscal policy reduces the supply of money to the economy. When the supply of money to the economy decreases, the aggregate demand reduces from its existing level to a lower level. This leads to a contraction of the aggregate demand which in turn reduces the overall output levels in the economy. Consequently, the contractionary fiscal policy moves the economy along the short run Phillips curve as shown in Figure 4 below. In the longer run, the economy shifts vertically along the Phillips curve which leads to a reduction in the overall inflation rate with a minimal effect on the overall employment levels (Mankiw, Kneebone and McKenzie 512). Figure 4 - Disinflationary monetary policy in the short run and long run When the amount of government spending tends to increase, it increases the overall money supply in the economy . As a result, the demand for money in the economy tends to rise from MD1 to MD2 as shown in Figure 5. Consequently, the interest rate tends to rise which leads to a net reduction in the investment levels and puts reduction pressure on aggregate demand. The aggregate demand level tends to rise though it fails to meet its expected level of increase. While the expected level of increase in the aggregate demand curve should be from AD1 to AD2 but it actually increases only to aggregate demand levels between actual level and expected level to AD3 as shown in Figure 6. The reduction of the aggregate demand as soon as a fiscal expansion takes place is better known as the crowding out effect (Mankiw, Kneebone and McKenzie 487). Figure 5 - The money market Figure 6 - Changes in
Subscribe to:
Posts (Atom)