Julius Caesar Group Project

Julius Caesar Group Project: Analyzing Diction on Marc Antony’s Speech 1. Overall I would classify Marc Antony’s speech as largely monosyllabic as a whole in length. This took a much longer time to decide than it did of Brutus’ speech, this could be that Antony is a smarter and nobler person or that it’s just how Julius Caesar constructed the speech to persuade the crowd. One of the lines that demonstrate a great use of one syllable would be â€Å"My heart is in the coffin there with Caesar and I must pause ‘till it come back to me† (Shakespeare, Lines 108-109).This is just one of the many lines that uses a lot of one syllable words but in the end the speech was mainly one syllable in length. 2. Antony’s speech uses a very well use of both techniques of persuading and informing. I felt that there was more use of persuading in his speech than informing but that’s only because they love Antony at the end of the speech. An example o f informing from Antony is, â€Å"I come to bury Caesar not praise him† (Shakespeare, Line 2) Here he is just telling the audience and conspirators that he is just trying to give a simple Funeral.Antony is clever with his words by bluntly saying things and letting the audience’s mind go off and feel that things are correct. It’s not just the Audience that persuades themselves he says, â€Å"Did this in Caesar seem ambitious? † (Shakespeare, Line 92). Giving examples and then asking questions to play with their minds was a very successful tactic of Antony’s. 3. I felt that Antony’s diction was very formal in his speech; unlike Brutus the crowd does not respond in his speech.Antony uses advance word choice, which makes him look more intelligent to the not so intelligent clump of Romans. An excellent example of his formal diction would be, â€Å" So let it be with Caesar. The Noble Brutus hath told you Caesar was ambitious: if it were so, it w as a grievous fault, and grievously hath Caesar answer’d it† (Shakespeare, lines 79-82) the words such as grievous and ambitious show formal diction. Diction like Antony’s override’s Brutus’ speech with repititon which makes their mind believe that â€Å"WOW!This really is impressive and he’s right! † although he does fall short with not letting the audience get in some action of their own opinion. 4. Antony is very wise and really gets people in his speech in Act 3 Scene 2 by using denotative examples and not â€Å"what if† and â€Å"in general† meanings. He not only gives specific examples on how things should be but also on how things shouldn’t be which is genius like of Antony to portray pros and cons. Lines 90 and 91 re perfect examples of specifics he tells us, â€Å"He hath brought many captives home to Tome whose ransoms did the general coffers fill†¦. † (Shakespeare, Line 90-91) Antony uses end less examples but this one stuck out to me most. 5. Going back to specifics, my feelings have not changed, Antony is lousy with specifics that make his speech concrete. Another one of his detailed specific would be from line 93 where he states, â€Å" When the poor have cried, Caesar hath wept:† (Shakespeare, Line 93).Not only is this fact dead one but also it involves pathos and makes Caesar look even better! 6. One of Antony’s tactics also for his great speech was the euphonious tone/ word choice he used. Typically when you use a nice/pleasant tone with people, they will give you what you want. One of the more highlighting parts of the euphonious words was in line 89 where he declares, â€Å"And Brutus is an honourable man. †. Even though Antony disagreed very highly of Brutus and the conspirators he still followed the rule Brutus gave him and used very appreciative words with the crowd. . According to Marc Antony’s diction I do feel that he does achiev e his overall purpose for the crowd to like him, honor Caesar, and strongly hate Brutus and the conspirators. He succeeds this overall purpose by being clever and tricky with his words by speaking against Brutus he falls short by not using as much emotion. The greater part of his speech was most definitely greater than any other part of his speech.

Mr aaban Essay

An employee’s contract of employment may be terminated by either the employer or the employer or the employee giving the notice required by the applicable award or the industrial Relation act 1990. Where the prescribed notice is not given, the employee shall be paid wages in lieu of notice, or the employer may withhold wages due to the employee. Part 2 Notwithstanding Part 1 above, where any employee is guilty of misconduct, the contract of employment may be terminated instantaneously. Where it is alleged that an employee is guilty of misconduct, the employee shall be provided with details of the allegation/s and be given a reasonable opportunity to respond to allegations prior to a decisions being made to either terminate the employment or to issue a written warning. Part 3 where it is alleged that an employee’s capacity or performance is unsatisfactory, then the following procedure should be followed. The existence of this procedure shall not prevent an employee being dismissed in accordance with part 2 above. The initial discussion and direction will be provided on an informal basis by Business manager of other authorised person. If the problem/s persist the Business manager to other authorised person will discuss with employee. 1. the matter/s of concern; 2. action necessary to resolve the concerns; and 3. a timetable for improvement to be evidence. input including explanations will be sought from the employee. As a result of this discussion the Business manager or other authorised person will notify the employee in writing regarding those matters in question discussed per clause 3. 5 above The notice will detail; 1 the matter/s of concern; 2. actions necessary to resolve the concerns; 3. a timetable for improvement to be evidenced. This notice will be signed and confirmed by the employee to recorded the discussion (3) above. of there is a disagreement as to the content of the notice the employee shall have the opportunity for their view to be placed on the record. Appropriate monitoring and counselling shall then be provided to the employee by the business manager or other authorised person. part 4 at any meeting or discussion forming part of the process in part2 or 3, the employee nay be accompanied by a union representative or other person of the employee’s choosing. Macville Private Incident Hazard Form Incident/ Hazard Report Form Given Name: John Family name: Dawson Position Title: Equipment Assistant International? Yes No Visiting Student Agency Personnel Visitor Contractor Employee number/ Student ID : s654 Address: 57 Mitford Crescent Craigieburn Division: 50 Management Unit: 15 TAFE Unit/ Sub Management Unit: 20 DOB: 02/06/1985 Gender: M F Contact details: 86557342 Have you reported this to your Team Leader/ Manager? Yes No Date 15/08/2012 notified Yes Name ( please Print): Matthew Contact: 0432654678 Macville Private Questions and Answers for Incident Hazard Form Question1. Feed back for the use of Templates: Answer: For Incident Hazard form we got feedback from the employees and management committee so made some changes in it. In incident hazard form we got the feedback from employee suggested that we need to add more question in section 2 details of incident. Rest of the format for this template was achieved good response from all of them. Question 2. Change in template after feedback Answer: According to the feedback on the use of template we made some changes in for example we add some more question regarding the incident so we after giving the answer to those question we have more information what actually happened. Question 3. How to provide information for document Answer: We can use Meta tag which is primary used to help search engines better index a document by supplying additional information about the document. Question4 : Which particular section of the form should prior check the form? Answer: In incident hazard form first check the details of the person to check they are appropriate and then check the details of the incidents what actually happened. Question 5: which software used to make forms for example? Answer: For Incident Form we used software Microsoft word. Macville Private Question and answer for Performance Development form Question1 : Feedback for the use of Templates Answer: Fro the Professional development form we got feedback from the employees and management committee so made some changes in it. First of all we just asked in the form for professional goals then they suggested that if we achieved good response from all of them. Question2. Change in template after feedback Answer: According to the feedback on the use of template we made some changes in for example we made another column of personal goals in professional development form so we can achieve both goal employee’s personal and professional Question3 : How to provide information for document Answer: We can use Meta tag which is primarily used to help search engines better index a document by supplying additional information about the document. Question4: Which particular section of the form should prior check the form Answer: In Performance development form all the sections are important but firstly we will check the Name of the person and date of reviewed and there goals. Question5: Provide clear instruction for the use of all three forms. Answer: Development form is a really good way to know the employee’s work performance that how the employee is doing the job and what he/she want to achieve from doing that job and what/where they can do best in the future for the organisation to achieve their target’s and mission.

Summer essay

It was pretty hard to find house is once there are so many and this is what did over the summer. First of all, there was not much going on over the summer and there was a lot going on at the same time. Over the summer I worked for my uncle and it was a very busy summer for me. At beginning of summer I went to his new office to set u p some new computers and printers. It took me about two week before I was complete Ely finished with the setup and the installation. After I was finished with the setup. Went t o do some shopping for myself . When I was done went back to the office the next day t o help my uncle finding new listing of houses. I started listing house for new customer a ND investors. And was officially started my study. The most exciting part about my summer was to find the house that will be moving in. There was a lot of listing of house. It spend about a month Loki Eng for new available houses for sale. And I also spend a lot of time going into houses that are for ale in Michigan.Choosing houses can be a headache because you have to do background check in every single one of them you see. I didn't really have a g DOD summer, but I was happy about the new house. And finally there a was house that found that everybody in my family really liked. And now it was almost end of s mummer and I was getting worried about school. Now I was getting ready for next school year. And now I was almost done working with my uncle. Did some shopping over the Summer, and getting re dad school trials like notebooks and papers.I didn't actually go anywhere special eve r the summer, but I think my summer went pretty well than past summer vacations that I had. This was also the summer with the most responsibilities that I had. In conclusion my summer vacation went very well. There was a lot of work an responsibilities. Enjoyed working with my uncle. He taught me a lot of new t wings that I did not knew, and I am really excited to move in the new home, and I hope m y next su mmer vacation would be even better than this.

Week-2 Essay Example | Topics and Well Written Essays - 250 words

Week-2 - Essay Example The limitation of this channel is that feedback of the passed information is poor. Video conferencing is another channel in which physical media uses to relay out information. Rao et al (27) denotes that video conferencing involves the use of a video to provide information to a large group of people. This method is effective the same information is stored, and disseminated in its original form (Rao et al, 31). It is also possible to pass the same kind of information over a long period of time. It is disadvantageous because it does not provide an opportunity for dialogue. Because of this, the people targeted cannot give their feedback concerning the particular message. Mechanical media refers to written or an electronic methodology of passing out information. This involves emails, personal letters and the social media. This channel is used in providing a more detailed piece of information, and is targeted to a particular audience (Rai et al, 21). In this channel of communication, an individual interprets the message relayed on him or herself, and makes meaning out of them basing on his or her mental condition. By use of email, a communicator targets a specific group of individuals, and it is fast. A communicator can also provide a detailed description of a task through the attachments options provided in an email. This channel is disadvantageous because it requires expertise in internet use. Some people lack skills in computer applications, and internet use, and this limits their knowledge and use of emails in communication (Rai et al, 41). Use of personal letters is also an important methodology of communication. This is because a communicator can send specific information about certain issues. The recipient has an ability to send feedback to the communicator, making the process of communication complete. The social media is another important methodology of communication under the mechanical

Identifying Resources Term Paper Example | Topics and Well Written Essays - 500 words

Identifying Resources - Term Paper Example nesses and threats and build upon opportunities and strengths in my course project and how I would leverage these resources to carry out the change I am proposing through the strategic plan. Addressing strengths and weaknesses and building upon opportunities and threats is a time consuming process that requires highly skilled personnel or team to collect and analyze data (Sare and Ogilvie, 2010). Therefore, highly skilled personnel is one of the critical resources needed. The second resource alluded to by Sare and Ogilvie (2010) is finances. For a change to be achieved, there must be enough funds to finance day to day, weekly, and monthly activities and processes that are directed towards addressing weaknesses and threats and build on strengths and opportunities. In relation to optimal number of nurses as an unmet need, lack of relevant skills among the few available nurses as a threat necessitates availability of funds to facilitate the needed training programs. The third resource in this context is partnerships (Sare and Ogilvie, 2010). To implement action plans to address the weaknesses and threats and build on the strengths and opportunities, a multidisciplinary app roach is needed. Partnering with both internal and external stakeholders is also important in order to attract the needed support. Fourthly, technology (Sare and Ogilvie, 2010) is also a critical resource in this context. Efficiency of services in a healthcare institution is highly attributable to technology. Adoption of technology as an opportunity for improvement for instance could help improve efficiency of services through enabling easy access of patients information. One of the ways I would leverage these resources to achieve the needed change is budgeting. In elucidating a budget, Inc (n.d, para.3) posits that "Modern budgets not only limit expenditures; they also predict income, profits, and returns on investment a year ahead". In addition, Inc (n.d) posits that a budget helps business

Control Room - a video by Al Jazeera Assignment Example | Topics and Well Written Essays - 500 words

Control Room - a video by Al Jazeera - Assignment Example The channel depicted the massive casualties of innocent people, which was seen as detrimental or somehow derogatory to US operations. Also, the documentary outlined alleged propagandas that America has done to veer people’s attention away from casualties of war and focus on the success of the allied forces in ousting Saddam’s regime. Based on the video documentary, it is primarily aimed to provide the world, especially their Arab fellows, a clear view of the events that have transpired during the war. It presented war-related issues and the sentiments that the Iraqi people had. Though at some point the video delivers point-of-views that might somehow be biased in nature since they are catering their network to their Arab viewers, they remained keen on providing an overview of the war at the perspective of the Iraqi people and the Arabs. Media is truly a powerful tool that can significantly contribute to the overall perspective of an individual on certain issues. For instance, members of the Al Jazeera has shown an event wherein the US allegedly done a publicity stunt to drive away attention from three incidents involving the death of media personnel to US airstrikes. One of the most notable and commendable actions that Al Jazeera took was its courage to go against the tide of all other media coverage during the war. Correspondents have been vigilant in providing its viewers with the actual events that Iraqi people are experiencing; their fear, their pain, and their struggle. However, the video also takes a direct attack on the credibility of the network on issues since some viewers may perceive their actions during the war Iraq are just propaganda to further promote conflicts between the Middle East and the US. In addition, Kirkpatrick’s article on the alleged collusion of the Al Jazeera top news director with a US official to take down two images which an involved a woman and a child who was affected by the on-going war that time. It was clearly conveyed in the video that with any kind of war, there will be deaths of innocent children, men and women; as if there is very little, or nearly absent, consideration on the lives that will be lost, families that will be broken, and communities that will have to start again from scratch after the war has ended.     

Accounting Essay Example | Topics and Well Written Essays - 500 words - 20

Accounting - Essay Example I can still remember one time when my family and I had an impending ethical decision to make. The memory is still so vivid in my mind because if felt just like yesterday. My father had handed in his resignation at work because he had found a higher paying job. On his last day of work, my mother, my siblings, and I all went into attend his farewell party. He was working as a security guard there and, as such, he was in charge of locking the place up each night. Once everyone had already left, my father had to lock the place up. It was also the case that he also knew the key combination to the safe. Since he was the last one to leave, and he was never coming back to this job, he could legitimately get away with stealing money from the safe. We discussed amongst ourselves whether anyone would notice if some of the money went missing. My brother argued that we wouldn’t be doing anything wrong because the business was already involved in illegal business practices anyway. However, I spoke up and said that if we did this, it would stain my father’s reputation. He had built up a good work rapport over the years and it would be a shame to see this all go to waste over an insignificant sum of cash. I learnt from this experience that making unethical decisions do not pay off in the long run. As I have been growing up, I have made sure to think with an ethical mindset in every situation. In the business world, my personal ethics will thrive because I always think about all the people that may be affected by my decisions. My ethical upbringing has encouraged me to always seek the truth. This may mean being a whistleblower and calling out a fellow employee, but this is something that I feel strongly about. In my future business career, I will make it clear at the interview stage that I am unwilling to perform any action that would be considered unethical. They can be a grey area when it comes to ethical decisions. However, for me, there are no grey areas; if I have to

Name three industries that are currently red oceans Where do blue Essay

Name three industries that are currently red oceans Where do blue ocean opportunities exist - Essay Example Some of them have gained competitive advantage through cutting production costs, while others gain competitive advantage through offering better features. Companies operating in textile industry as well as sports good manufacturing industry are competing while following the red ocean strategy. Blue ocean opportunities exist in tourism industry. In tourism industry there is an opportunity of travelling to the moon and exploring the world over there. A successful even of a tour to the moon can help in creating demand amongst people who want to travel to the moon (Wadhwa, 2015). Furthermore, blue ocean opportunities even exist in automobile manufacturing industry. Companies in this industry can develop a car that can fly from one end to another end. Right now, no company has been able to develop such a car. Developing such a car can helping creating new demand for a car that can fly and help people move between geographical locations in a speedy fashion. China Android Phone Manufacturers Enter Smartphone Market With Own Brands. (2015, February 27). Retrieved March 7, 2015, from

The Role of a Staff Accountant - Fitch Ratings Company Essay

The Role of a Staff Accountant - Fitch Ratings Company - Essay Example This position reports directly to Marvin Goodells (Junior Vice President) and is operated by division leader Thelma Brackley (Division Superintendent). All matters of business or personal matters should be brought to Mr Goodells as part of Fitch rating management hierarchy. Because staff accountancy involves knowledge within a wide field of finance, it is important to understand how to perform well in this new position. Internal auditing, specifically, involves extensive review of ledger histories. These are located in the left-hand file cabinet under the â€Å"reconciliation† tab. All copies of your daily logs must be posted in chronological order at the end of the closing accountancy day. Auditing consists of comparing the electronic records with that of the staff general ledgers. All proposed discrepancies, if any, will be highlighted in green and distributed by Marvin Goodells on the 24th of each month. When discrepancies can be explained, with appropriate documentation, a commentary section is appended to the report where definitions or scenarios must be discussed for the inconsistency. This report, when reconciled, must be delivered to Mr Goodells’ exterior office mailbox by the last reporting day of the month. Once monthly, you will meet with Thelma Brackley to discuss your role in various customer accounting. She will ask to see all of your balance sheets for a specific date or time period, and it is required by the policy that you are able to produce those records instantaneously. As such, it is important to understand the filing system of the office. All general ledger notifications are to be tabbed red, payroll information is labelled green, and balance sheets are labelled with blue tabs. These tabs are located in the copy office, merely ask Tina (the office manager) for replacements if you can find none. Affix these tabs to each day’s records, place their photocopy in the file drawer with the appropriate coloured tab, and file the records in descending dates facing away from you.  Ã‚  

Week 6 Response papers Essay Example | Topics and Well Written Essays - 500 words

Week 6 Response papers - Essay Example Business organizations should engage in environmental conservation at any time, not just after major environmental concerns as witnessed at BP. Companies should get involved in environmental conservation as a way of being socially responsible. Companies should be exemplary and constantly embrace the principles of social responsibility. They should not just engage in environmental conservation so as to win more customers. Business organizations should engage in sustainability programs which are aimed at solving problems related to renewable energy, air quality management and water management. Other issues that they should be involved in include waste management and stakeholder dialogue to ensure that the general public is satisfied with the organizations efforts in conserving the environment (Woodward & Skancke, 2006). The only way business organizations can be said to be environmentally sustainable is to constantly get involve in waste elimination. Waste elimination should not only be carried out when business organizations are in crisis or after crisis. Some organizations such as BP only got involved in waste elimination after the oil spill crisis. There might be other minor oil spills that were not in large scale which went unchecked because the public were not aware of BP’s plans and willingness in waste reduction (Egendorf, 1999). On Leslie’s post, business organizations should actually integrate into their system, the power to make environmental decisions. In light of last year’s oil spill BP’s rebranding looks like it is just for gaining lost image after the oil spill. The values of branding only ensure that the company is able to win back its customers. Their most important aim is to make steady gains in revenues by winning customer tastes and preferences. Environmental conservation, even if used as a marketing strategy should look genuine. Even though the value of BP Beyond petroleum brand is proven in a chart published by

Consultancy Report Essay Example for Free

Consultancy Report Essay As a subsidiary of one of the largest cosmetics organizations in the world, you are in a position to dramatically increase your potential and further capitalize on your brands recognition. My hope is that you will establish and maintain a broader, more diverse customer base and increase your overall profitability. Based on an in-depth analysis and research conducted on your organizations behalf, I have identified several problematic areas in need of immediate attention. The following document will serve to provide valuable information to address these issues accordingly. One such issue and perhaps one of the most crucial is that of the organization’s brand awareness levels in the United Kingdom. This is due in part to the fact that Mary Kay U.K. is not as widely recognized in the United Kingdom as it is in the Americas. I recommend increasing your presence to reach potential customers who would otherwise be unaware of your organization. We will seek to address the significant growth of new potential competitors while developing a means of competing effectively against already established competitors. You will learn of new methods in which to remain relevant and a viable global contender in the cosmetics industry. New products will serve to provide your organization with a competitive edge and differentiate your organization from all its competitors. New policies and changes in the organization’s infrastructure will increase employee satisfaction an important factor for employee retention. These enhancements to the organization’s current dealings can ultimately increase profitability, improve customer satisfaction levels, and increase employee productivity. As Mary Kay U.K. adopts these changes and once in effect, there will be a need to take on additional employees to tend to the day-to-day operations and supplementary qualified/experienced executive-level professionals, allowing for a more focused approach on the management aspects of the organization. Effective documentation of the organization’s financials will allow for more educated and informed decision-making procedures. Adequate fiscal records serve as effective management tool for predicting future success, identify problem areas and to make decisions that will assist in the organization’s overall effectiveness. In addition to significantly changing the inner workings of the organization in the United Kingdom, substantial changes to the organizations image and frontend interfaces may be required to assist with the issue of brand awareness. The organization must become a well-oiled machine internally as well as an aesthetically pleasing entity for potential customers, future investors and for those considering strategic business alliances. Creating a more convivial atmosphere with which your organization would then be associated will give these interested parties a respectable first impression. It is apparent that lacking presentation and unfocused management gives rise to the decrease or stagnation of profitability and employee retention. Changes to policy, organizational image, and infrastructure will not only prove beneficial but may in fact be necessary for the success of the organization and its future viability within the United Kingdom. In addition, there must be changes in customer behavior to increase the probability of the organization’s adoption. The organization needs to appeal to a broader customer base after shifting consumer views of cosmetics to match that of American consumers. Thus, by implementing novel, eye-catching, and feeling invoking imagery or advertisements, people will in turn be more inclined to purchase Mary Kay products. In order to be more successful, I recommend the transformation of current marketing strategies. Implementation of a marketing plan that encompasses the arguably successful word-of-mouth strategy in addition to overt and persistent adverts by way of social media will benefit the organization’s image. Because a constant stream of information pertaining to the actual products will allow the consumer to easily recall the information and develop a need for the product as presented by the advertisement. In addition, there must be a vested interest in appealing to the variety of potential consumers within the United Kingdom. Mary Kay U.K. would be wise to capitalize on United Kingdom’s ever-growing and diverse population, via the translation and representation of the multitude of languages spoken within the target areas of operation. This will allow for a more comfortable customer experience and personalized identification with the Mary Kay brand. Brand Awareness is at an all-time low as target populations fail to recognize the Mary Kay Brand. The organization must increase its visibility in the growing cosmetics market in the United Kingdom. This is possible with improved advertising and re-imagined brand association. Increased brand recognition will assist with declining profits. The proposals presented in this consultancy report, should Mary Kay U.K. opt to adopt them will serve to promote the organization’s business aptitude and increase overall profitability and effectiveness. My hope is that this educated and informed counsel will effectively navigate the organization into a state of increased viability and the optimization and growth of Mary Kay U.K. business operations and clientele. INTRODUCTION This consultancy report will serve to provide the Mary Kay U.K. Ltd. Subsidiary of Mary Kay Cosmetics with informed suggestions to increase the organization’s revenues and improving the day-to-day dealings of the organization from a management perspective. Following extensive research of the organization’s operations, I have prepared a comprehensive examination of the organization in its entirety. This research has been comprised of a thorough analysis of the organization’s fiscal and promotion facets. This report also takes into account the consumer aspect of the organization, and the organizations image as viewed by the public. In addition, it will serve to demonstrate the manner in which the target audience does or fails to accept this image. Crucial organizational issues have been identified and addressed accordingly, supplemented with recommendations for minimizing or eliminating potentially negative effects. These suggestions may prove insightful for the achievement of further profitability and consumer satisfaction should the organization choose to implement any or all of the changes proposed in this report. The information provided in this report comes via thorough research and analytical dismantling of data and industry trends and its reassembling in the form of a well-formulated business plan. Suggestions provided will seek to address Mary Kay U.K.’s organizational structure, the organization’s inclination to incorporate a corporate social responsibility element, consumer satisfaction, employee turn-over rates, decreasing or non-existent profits, brand recognition and awareness among target consumers and product quality, to name the most imperative of organization’s issues. In all, if implemented, these changes could ensure a significant turnaround for the Mary Kay U.K. entity. Numbers will rise to the status of or potentially rival those of its American contemporary. The organization would hold a strong position before its global competitors and open the door for future business strategic affiliations. The organizational redesign will prove beneficial for Mary Kay’s United Kingdom division as an organization, for the consumers now receiving increased quality services, and for the leveling of the cosmetics industry in the United Kingdom. ANALYSIS OF CLIENT BUSINESS Company Description and History Mary Kay Inc. is one of the largest cosmetics companies in the world to date. Headquartered in Addison, Texas at 16251 Dallas Parkway Addison, TX 75001 in the United States, it has manufacturing plants located in Dallas, Texas, Hangzhou, China and La Chaux-de-Fonds, Switzerland for its European market. Mary Kay Inc. operates as a subsidiary of Mary Kay Holding Corporation. Founded by Mary Kay Ash in 1963 and based on personally established values that guided her everyday life she sought to help women live the life of their dreams. Company values include integrity, honesty and a belief in the Golden Rule; â€Å"Do unto others as you would have them do unto you.† The mission, to assist and provide the vehicle that would allow prospective independent beauty consultants to have their respective dreams come true via the distribution, promotion, and retailing of a handful of products. Mary Kay Inc. identifies itself as a â€Å"Generation Everything† organization, meaning it serves everyone from all walks of life and of all ages. The organization recently posted that its revenues are up to 3 billion due to sales in its 35 + markets globally. All made possible by its 25 million global independent sales force.

Warnie orr methodology and its disadvantages Essay Example for Free

Warnie orr methodology and its disadvantages Essay Is a bottom up methodology used to model data and procedures where you identify the output and the processes used to generate them and their inter-relations. Its emphasis is on the output. It is analyzed thoroughly. The logic of the program is built around the structure of its data. That structure is obtained by analysis the output and going backwards to find out what the input could have been. The analysis of the output includes: †¢ Output Oriented Comment The output is the core of this system development methodology. We spend all our energy to capture the true picture of the output requirement. This is done even before we think of the physical design. We use rigorous methods to define the data output through a well designed form known as LOS. We capture details of: †¢ Output definition forms †¢ Output frequencies †¢ Data Elements It is assumed the expert can define these requirements with the help of system users who help him fill the mandatory details of these forms. The system users know what they want, but they have little knowledge of computers and computer terms. The software expert knows little about the area to be computerized and can easily misunderstand some concepts. For example computational requirements, the frequency of data use, frequency of data change. Besides when we collect the data from an existing system which is inefficient, the data is inconsistent and unacceptable. The system owners are unhappy with the output generated and that is why they want to change it in the first place †¢ We must obtain the logical output structure first before we think of its physical outlook. The physical problems of the data remain the headache of and hidden by the implementer. Ours is to give the general guidelines on the data and process requirements. This is easy said than done. We cannot claim to be general when we spend all our time worried about our output and its properties. At that level it is difficult to talk about generalities as well. We have to generate dictionaries with specific data structures. Software compatibility with these structures is mandatory. †¢ The approach is data centered, that is the processes are looked at last Take a critical look at the output before any programming activities are undertaken. We break the program into three parts †¢ The middle mapping. also known as the logical output mapping. It deals with how we produce the output and give details of how calculations are done. It assumes the physical mapping will give it the perfect data and in the correct order it is wanted. †¢ Physical output mapping: Formats the data and sends it to the output device. It is the duty of the physical output to know the details of the data format and how to obtain it from the output device. These details should be hidden from the logical mapping. The physical aspect depends on the operating system platform being used. Which tasks are taken by the operating system and which ones are not and that must be a headache of the programmer †¢ Physical input mapping which knows where and how the data is actually stored. If the data gets reorganized or changed in any way the physical input mapping is updated. When changes occur to any part, it is independent of the other parts and carries no ripple effect. Reusable code modules and design elements can be employed. Generic code can be supported to be used by many programs. Having given a summary of the method let us analyze possible problems with this type of method: Obtaining a complete System design before the physical Design This has always remained elusive in most system development methodologies. System design process continues even after implementation because new facts are discovered during actual implementation. Even when prototypes are used, still more facts and faults come into surface. Separating the logical, physical input, physical output mapping Again we need to combine data and processes together, the reason we call them objects, in objects in object oriented systems. How do obtain inheritance, aggregation and software reuse if we separate them. References 1) Ian Sommerville, Software Engineering 2) Aron, J. D. The Program Development Process 3) Booch G. , Rumbaugh J. : The Unified Modeling

Highland Tower Collapse and Ramp Construction

Highland Tower Collapse and Ramp Construction Introduction The purpose of this essay is to find out from a field, a building that experienced construction catastrophe, study its short comings and come up with solutions and recommendations of what could be done to ensure the same problem doesn’t happen in the future. The building upon which the research is based in this assignment is called the Highland tower, a building in Selangor Malaysia which collapsed and 48 people died and 12 others were evacuated from the other building. The Highland Towers collapse was an apartment building collapse that occurred on 11 December 1993 in Taman Hillview, Ulu Klang, Selangor, Malaysia. The collapse of Block One of the apartments caused the deaths of 48 people and led to the complete evacuation of the remaining two blocks due to safety concern. It was one of the most tragic building accidents in Malaysian history where residential towers collapsed and killed people. Since then, the government and its subsidiaries sat down in a committee to see a wa y forward for the construction industry especially construction in hilly areas to minimize casualties. The event has been widely publicized, when an American tourist in particular because it is captured in the next ten days and taken to the Tower of photos a dramatic sequence, and crazy rescue operations.       Building professionals with the case of several important influence in Malaysia, which will be the focus of this paper, but also lead to tort law in Malaysia interesting development and clarification. Case study Highland Towers consists of three 12-storey buildings in a steep hill, was later extensively on the terraces in the early 1980s in western base built in stages between 1974 to 1982. Each block is named: Block1 (built in 1977, the most southern) Block2 (built in 1979, north-west block 1, slightly elevated than the other two, the closer to the top of the hill) Block3 (built in 1981, the Northwest block 1, block West 2). Parking behind the mountain rain collapsed building in the swimming pool located on both sides and the rear between Northwest Northeast parking lot after the landslide caused by the failure of the retaining wall behind the building failed, for 10 days. The tower is home to the affluent middle-class families ; considerable proportion of residents are expatriates . Highland Tower was once notorious early 1980s and 1990s for wealthy people to hide their mistress popular place . The water tower is behind a small stream known as the East Creek . Eastern Creek flows into the tower site tower before construction. Later, build a pipeline system to divert flow to bypass the tower in 1991, a new housing development project, called Wu Antarabangsa Development Project , located in the tower Peak behind the start . As a result, the mountain has been cleared of trees and other vegetation and land cover, soil erosion exposed land, which will lead to land slides from the construction site of the w ater diverted into the river to divert the flow of the same East piping systems. eventually, the pipeline system to become over- pressurized water, sand and silt from the Eastern Creek and the construction site. pipe burst at different locations in the mountains, the soil had to absorb excess moisture . December 1993 monsoon rains further worsening the situation . (Block One of the Highland Towers collapsed) Role and responsibilities The Architect (I) there is no defense of this contact is a limited one, at least you must ensure that other aspects of the work of others is competent to complete. Defensive architect, he only retained the design and supervision of three apartment buildings, and denied that his range extends to the drainage, earthworks and retaining walls. It was dismissed by that court. The court held that the architect must take into account the building on which is built in the vicinity of the land, and the land itself, the safety assessment of the building, it must be evaluated. [In addition, the court held that as a matter of fact, the architect concerned about the neighborhood and the building itself, when he submitted the layout plan, the authorities because it includes high tower behind the slope terraces and drainage. Therefore, he must ensure that the work carried out although others in a competent and workmanlike manner] (Ii) there is no difference between the standard care of unqualified doctors Although the architect in reality just a building draftsman, measure their behavior on the court has the ability to architect a standard that if a person is unqualified, but showed himself to have a skill, he will be judged by the standard a competent and qualified staff. (C) there is no excuse to say that compulsory employer does not comply with regulations Finally, the Court seems to have flatly rejected the architects excuse that he can not do anything to stop his boss (employers and engineers in obtaining certificates of fitness in three apartment buildings do not fulfill the conditions stipulated by the local authorities in collusion background, instead of terraces and retaining walls to ensure proper design, provide and sufficient to withstand, even though he knew it would affect the building, he was in charge) slope instability the Court has made clear that, when the law is broken, the architect must report to the authorities after the architect must ensure that the law, even in the risk of being discharged. Engineer Defense engineer, he only retained the design and supervision of three apartment buildings, Highland Towers compound structures within two retaining walls, and submit plans, drainage, and two and denied his range extends to the drainage, earthworks. It was dismissed by that court. The court found that engineers must take into account the building on which is built in the vicinity of the land, and the land itself, the time to assess the safety of buildings, must be evaluated. He should ensure the stability of the slope behind Highland Towers. His duties not by a mere belief that they are built on terraced slopes and retaining walls were discharged by an engineer or other consultant. He should ask the professional is qualified, whether he was doing what impact the safety of cascading tower. [Neglect other aspects of engineers a serious violation of the authorities to take care of his responsibilities to a notification issued by the buyer, and only 10 percent is based on the approved drainage construction] In summary locations near building professionals need to be considered, as well as the safety assessment of the site itself, especially taking into account the adjacent hillside. Building professionals to participate in a limited range can not hide behind, these are the things that they themselves and their employers, but they may be subject to the duties owed to the scope of their service is not limited to this. Building professionals required to ensure that others do the work to engage them in the design may affect / supervisory structure is competent, workmanlike manner to carry out the work. If you think the general building professionals have expertise in a specific area of à ¢Ã¢â€š ¬Ã¢â‚¬ ¹Ãƒ ¢Ã¢â€š ¬Ã¢â‚¬ ¹eligibility when they are unqualified, their behavior will be a measure of this expertise qualified doctor. After building professionals must ensure that law and, if necessary to report to the authorities if their clients break the law, even in danger by their client to be discharged. Case application on law of tort Negligence The Highland Towers decision becomes another Malaysian High Court decision which diverges from the approach of the English Courts and adopts the approach taken by other Commonwealth jurisdictions in allowing the recovery of â€Å"pure economic loss†, especially where sufficient proximity can be demonstrated between the negligent act and the loss. Pure economic loss is the loss related to the product itself which is defective by reason of negligence, as opposed to the loss or damage caused to the property of the Plaintiff by this defective product. Nuisance In this cause of action, a Defendant is liable if the Plaintiff can show the Defendant is responsible for a condition or activity which interferes with use or enjoyment of his land, and that condition or activity is not a reasonable user by the Defendant. The Highland Towers decision, requiring the plaintiff must establish an additional requirement that is the type of damage whether the defendant could reasonably foreseeable, the principles adopted from English case law on the extension of the disturbance is limited in Malaysia, Cambridge Water Company leather Co. Ltd. v. Eastern European countries. Cause of structural failure The water tower is behind a small stream known as the East Creek . Eastern Creek flows into the tower site tower before construction, so the establishment of the pipeline system is to divert the flow to bypass the tower. In 1991, a new housing development project, called Bukit Antarabangsa Development Project, located in the tower under construction behind the top of the hill . The mountain is cleared of trees and other vegetation and land cover, land exposed soil erosion is a major factor causing landslides. Construction site of the new water diverted into the existing pipeline systems used to transfer the East river flows. This heavy-duty piping and water, sand and silt from the river and east into the pipeline construction site . Pipes burst, several places in the mountains, and the surrounding soil to absorb excess moisture . December 1993 monsoon rains further deterioration of the situation . The water content in the soil becomes super saturated, so that the soil has become viscous, actually become the degree of clay. October 1992 by the hillside is saturated with water, the water is flowing down the slopes and considered retaining walls . Shortly thereafter, landslides, destroying the construction of a retaining wall. Landslide mud that contains an estimated one hundred thousand square meters a mass equivalent to 200 Boeing 747 aircraft. Rammed earth base to first, gradually pushing it forward. After a month of this constant pressure, foundations snapped and November 1993, the residents began to see cracks forming and expanding the highlands surrounding the tower, on the road warning of collapse. Unfortunately, no further investigation before a collapse December 11, 1993. Safety authorities and Investigation procedures. These were the findings of the investigation that came from the accident. Also indicating who was to blame for the occurrence of the accident. Within the first 24 hours, only two women and an infant were pulled out of the rubble. Indonesian maid Umi Rashidah Khoruman, 22, and her 18-month old daughter Nur Hamidah Najib, survived the ordeal, but the second woman, Japanese national Shizue Nakajima, 50, succumbed to her injuries. Final report from the investigations showed that It was the fault of the property owners not to drain the land that caused the silt to build and thus the massive land slide that led to the collapse of the structure that claimed 48 lives. Liabilities. The following are the court s findings of liability : The first defendant was negligent in assuming responsibility not to engage a qualified architect, building terraces insufficient, inadequate, could reasonably be expected to have caused the collapse of the retaining walls and drains eastward diversion from its natural course and failed to ensure that the slope is adequate water pipe culverts, and hate not maintained drains and retaining walls . The second defendant ( the architect ) is assumed liability for negligence does not ensure adequate drainage and retaining walls built in the adjacent highlands tower site, which he foresaw or should have foreseen that the building would endanger the hillside, he is responsible for, not specified with the authorities on drainage, and the first defendant and the third defendant ( engineers ) collude to get fitness certificate does not fulfill the conditions by the fourth defendant ( local authorities ) are required, in doing so does not comply with his duties, the architect and no investigation retaining walls, even though he knew they would affect the terraced hillsides and construction of buildings, he was responsible for, and hate, because he is an unreasonable land users . The third defendant ( engineer ) is behind the negligence of responsibility without considering the hillside or slope of the tower, there is no basis for the design and construction to accommodate lateral load or alternatively landslide has ensured that the adjacent slope stability, without implementation of the approved drainage plan, and the first and second defendants colluded to get fitness certificate does not fulfill the conditions stipulated by the fourth defendant and a nuisance, because he is irrational use of land. The fourth defendant ( local authorities ) Although the negligence of its construction-related jobs. That is about the building plan approval process to ensure the implementation of the approved construction of drainage systems, and in the Certificate of Fitness problem remains because S95 Street, Drainage and Building Act (2 ) immunity. The fourth defendant, but a maintenance function Eastern stream late in fulfilling its construction can not be spared for its negligence . It also attracted a nuisance liability . The fifth defendant ( Arab Malaysian financial BHD) is liable for the negligence of failure to maintain drains their land, and in the land after the collapse of the measures taken to restore stability . Seventh defendant (Metrolux property ) and its project manager, the eighth defendant, who is the responsibility of negligence and nuisance, to prevent water from flowing into the downhill ( into their website ), but to guide the stream of water into the East, when they knew or ought to have known, this will increase the amount of water injected into the mud and, in particular, have their own extensive land clearing, go east into the stream, it will be deposited, which will in turn ( to prove ) cause or contribute to drainage fault system and a collapse. The ninth and tenth defendant ( basically the state government ), found no liability due to a technical problem on the prosecution of a particular political party. The sixth defendant ( who carried out the work site clean- Arab abortion buyer of land in Malaysia ) found no evidence of responsibility . Remedies About remedies the first this is find a qualified contractors and qualified Designer and construction engineer. In this case causes of building collapse the main reason is to find designer contractor caused by the irrational. So we summary have five points: (i) Nearby locations building professionals need to be considered, as well as the safety assessment of the site itself, especially taking into account the adjacent hillside. (Ii) building professionals to participate in a limited range can not hide behind, these are things that they themselves and their employers, but they may be subject to the duties owed to the scope of their service is not limited to this. (Iii) building professionals required to ensure that others do the work may be engaged to supervise their influence in the design / construction is competent, will carry out their work, a workmanlike manner. (Iv) if the building professionals think they have expertise in specific areas when they are unqualified, their behavior will be a measure of this general qualifications expertise qualified doctor. (V) construction professionals must ensure that the law after a report to the authorities if necessary, if their clients break the law, even in danger by their client to be discharged. The second thing to do is to ensure that the experience and expertise to this project. Next to it is to ensure that all materials and components to be installed and used in order to test its functionality and satisfactory compliance with the required standards. For example; specific laboratory tests should be taken before using compressive strength, stability and durability. Finally, before any part of the project is complete, responsible for the approval before its next regulatory bodies should be. The project is a model for all the items necessary tests, carried out before the actual implementation. Engineers can also use the cause of the weather and other aspects of the model. The third thing is because this situation has occurred for many years, although the court has not yet made the decision, but still want to remind contractors, who together oversee project quality, and how to resolve some of the risk around. Do not let the tragedy happen again. Percentage Frequency of Causes of Building Collapse(Malaysia 1960-2010) So in this table we can see Causes of Building Collapse most reason is Inexperience contractor. Now we need clean know find an experienced contractor is very important, faulty design and due to surrounding building development also account for a large proportion. Recommendations From the above analysis and discussion presented, you can infer that the main reason for the buildings structural failures, design errors and poor workmanship, which may also be applicable to other countries in the world . Also from the results of this study,it is believed that there are three types of claims, can produce any buildings collapsed, that contract claims, tort claims and incidents of both contract and tort claims ; This means that a party can be made in this both his / her request. Therefore, the following recommendations for who had suffered losses in the square building collapse Events so that their requirements: (i) The Government shall endeavor to assist in the investigation of any incidence of building collapse, to allow victims to know the responsible party, and from whom to make a claim . (ii) The Government should assist owners or who have suffered the loss of a building collapse in the event a third party to prosecute their cases in court as they do their other requirements, if they can not, because The expensive nature of the proceedings. (iii) The Government should enact laws that will improve the effectiveness and standards for the construction of buildings. (iv) In addition, the government should monitor, manage and enforce the law, its effectiveness. (v) Every building owner should ensure that qualified professionals and experienced contractors are engaged in carrying out their construction process . (vi) Every professional body should monitor their members and also be ready to penalize any erring member who ISS found liable in building collapse incident. Conclusion Ramp construction led to landslides like we definitely hear a lot of news, and landslides claimed more and more of life events, why is everywhere and felling of trees for the construction of the activities. Otherwise, this tragedy 21 years ago can be avoided! I hope the Government will seriously look at this issue! REFERENCES http://malaysiafactbook.com/Highland_Towers_collapse http://www.nst.com.my/nation/general/i-saw-highland-towers-block-crash-to-

The Murder of Helen Jewett by Patricia Cline Cohen Essay -- Murder Hel

The Murder of Helen Jewett by Patricia Cline Cohen   Ã‚  Ã‚  Ã‚  Ã‚  In The Murder of Helen Jewett, Patricia Cohen uses one of the most trivial murders during the 1800’s to illustrate the sexiest society accommodations to the privileged, hypocritical tunneled views toward sexual behavior, and the exploitation of legal codes, use of tabloid journalism, and politics. Taking the fact that woman was made from taking a rib from man was more than biblical knowledge, but incorporated into the male belief that a woman’s place is determined by the man. Helen had the proper rearing a maid servant, but how did she fall so far from grace. Judge Weston properly takes credit for rearing her with the proper strictness and education. Was Helen seduced at an early age and introduced to sexual perversions that were more persuasive that the bible belt life that the Weston’s tried to live? Was Helen simply a woman who knew how to use what she had to get what she wanted? Through personal correspondence, legal documentation, census reports, paintings, and newspapers we are able to make our own determinations. Cohen provides more than enough background and history to allow any one to make their own opinion how the murder of a woman could be turned into a side show at a circus.   Ã‚  Ã‚  Ã‚  Ã‚  Helen Jewett, a prominent New York prostitute, was murdered and not only was this rare but a heinous crime. Helen’s murder brought to the forefront the industry of prostitution. This would include the owners, managers, and the clients.   Ã‚  Ã‚  Ã‚  Ã‚  In the Victorian era, in New York City, men and women roles within the society were as different as night and day. A man regardless of his extra curricular activities could still maintain a very prevalent place in society. A woman’s worth was not only based family name which distinguished her class and worth, but also her profession if that was applicable.   Ã‚  Ã‚  Ã‚  Ã‚  During this time in society the industry of prostitution was an economic gold mine. The women operate the brothel while very distinguished men in the community own and take care of the up keep. The brothel keepers are seen as nothing more than common home wrecking whores. However, the owners of the brothels are viewed as successful business men.   Ã‚  Ã‚  Ã‚  Ã‚  For example, John Livingston, brother to President Jackson’s, Sec of State, own the 41 Thomas St brothel. Men of great wealth and statue were frequent to... ...use. This was customary for Richard to do. As the young suitor made his way up the steps Helen greeted him by saying, Richard I’m glad that you could make it. Helen retired to her room with her suitor and they remained there for the some time.   Ã‚  Ã‚  Ã‚  Ã‚  Helen emerged from her room around 11:00 pm asking for a bottle of wine and Mrs. Townsend delivered the wine and engaged in brief conversation while noticing the young man lying on the bed reading. She was very familiar with Robinson and was able to say without a doubt that he was the one that was in the bedroom with Helen. No one saw him leave nor did anyone let him out. Mrs. Townsend testified that a man had knocked on her door asking to be let out, but told him to have his woman to come and get the key. No one returned for the key so there is no possible logical explanation of how Richard got out of the house, nor was a logical possibility of how anyone else could have gotten in the house.   Ã‚  Ã‚  Ã‚  Ã‚  There were also several eye witnesses to the fact that Robinson was the owner of the cloak and that the hatchet used in the murder resembled the hatchet missing from Hoaxie’s store. Hoaxie just so happened to be Robinson’s boss.   Ã‚  Ã‚  Ã‚  Ã‚   The Murder of Helen Jewett by Patricia Cline Cohen Essay -- Murder Hel The Murder of Helen Jewett by Patricia Cline Cohen   Ã‚  Ã‚  Ã‚  Ã‚  In The Murder of Helen Jewett, Patricia Cohen uses one of the most trivial murders during the 1800’s to illustrate the sexiest society accommodations to the privileged, hypocritical tunneled views toward sexual behavior, and the exploitation of legal codes, use of tabloid journalism, and politics. Taking the fact that woman was made from taking a rib from man was more than biblical knowledge, but incorporated into the male belief that a woman’s place is determined by the man. Helen had the proper rearing a maid servant, but how did she fall so far from grace. Judge Weston properly takes credit for rearing her with the proper strictness and education. Was Helen seduced at an early age and introduced to sexual perversions that were more persuasive that the bible belt life that the Weston’s tried to live? Was Helen simply a woman who knew how to use what she had to get what she wanted? Through personal correspondence, legal documentation, census reports, paintings, and newspapers we are able to make our own determinations. Cohen provides more than enough background and history to allow any one to make their own opinion how the murder of a woman could be turned into a side show at a circus.   Ã‚  Ã‚  Ã‚  Ã‚  Helen Jewett, a prominent New York prostitute, was murdered and not only was this rare but a heinous crime. Helen’s murder brought to the forefront the industry of prostitution. This would include the owners, managers, and the clients.   Ã‚  Ã‚  Ã‚  Ã‚  In the Victorian era, in New York City, men and women roles within the society were as different as night and day. A man regardless of his extra curricular activities could still maintain a very prevalent place in society. A woman’s worth was not only based family name which distinguished her class and worth, but also her profession if that was applicable.   Ã‚  Ã‚  Ã‚  Ã‚  During this time in society the industry of prostitution was an economic gold mine. The women operate the brothel while very distinguished men in the community own and take care of the up keep. The brothel keepers are seen as nothing more than common home wrecking whores. However, the owners of the brothels are viewed as successful business men.   Ã‚  Ã‚  Ã‚  Ã‚  For example, John Livingston, brother to President Jackson’s, Sec of State, own the 41 Thomas St brothel. Men of great wealth and statue were frequent to... ...use. This was customary for Richard to do. As the young suitor made his way up the steps Helen greeted him by saying, Richard I’m glad that you could make it. Helen retired to her room with her suitor and they remained there for the some time.   Ã‚  Ã‚  Ã‚  Ã‚  Helen emerged from her room around 11:00 pm asking for a bottle of wine and Mrs. Townsend delivered the wine and engaged in brief conversation while noticing the young man lying on the bed reading. She was very familiar with Robinson and was able to say without a doubt that he was the one that was in the bedroom with Helen. No one saw him leave nor did anyone let him out. Mrs. Townsend testified that a man had knocked on her door asking to be let out, but told him to have his woman to come and get the key. No one returned for the key so there is no possible logical explanation of how Richard got out of the house, nor was a logical possibility of how anyone else could have gotten in the house.   Ã‚  Ã‚  Ã‚  Ã‚  There were also several eye witnesses to the fact that Robinson was the owner of the cloak and that the hatchet used in the murder resembled the hatchet missing from Hoaxie’s store. Hoaxie just so happened to be Robinson’s boss.   Ã‚  Ã‚  Ã‚  Ã‚  

Financial Instability Essay -- Financial Market Finances Accounting Es

Financial Instability The soaring volume of international finance and increased interdependence in recent decades has increased concerns about volatility and threats of a financial crisis. This has led many to investigate and analyze the origins, transmission, effects and policies aimed to impede financial instability. This paper argues that financial liberalization and speculation are the most reflective explanations for instability in financial markets and that financial instability is likely to be transmitted globally with far reaching implications on real sector performance. I conclude the paper with the argument that a global transaction tax would be the most effective policy to curb financial instability and that other proposed policies, such as target zones and the creation of a supranational institution, are either unfeasible or unattainable. INSTABILITY IN FINANCIAL MARKETS In this section I examine four interpretations of how financial instability arises. The first interpretation deals with speculation and the subsequent â€Å"bandwagoning† in financial markets. The second is a political interpretation dealing with the declining status of a hegemonic anchor of the financial system. The question of whether regulation causes or mitigates financial instability is raised by the third interpretation; while the fourth view deals with the â€Å"trigger point† phenomena. To fully comprehend these interpretations we must first understand and differentiate between a â€Å"currency† and â€Å"contagion† crisis. A currency crisis refers to a situation is which a loss of confidence in a country's currency provokes capital flight. Conversely, a contagion crisis refers to a loss of confidence in the assets denominated in a particular currency and the subsequent global transmission of this shock. One of the more paramount readings of financial instability pertains to speculation. Speculation is exhibited in a situation where a government monetary or fiscal policy (or action) leads investors to believe that the currency of that particular nation will either appreciate or depreciate in terms relative to those of other countries. Closely associated with these speculative attacks is what is coined the â€Å"bandwagon† effect. Say for example, that a country's central bank decides to undertake an expansionary monetary policy. A ne... ...onal Financial Markets,† in Gerald Epstein, Julie Graham, Jessica Nembard (eds.), Creating a New World Economy: Forces of Change and Plans of Action (Temple University Press, 1993). Charles Hakkio, â€Å"Should we Throw Sand in the Gears of Financial Markets?† Federal Reserve Bank of Kansas City Economic Review, 1994. Richard Herring and Robert Litan, Financial Regulation in the Global Economy (Brookings Institution, 1995). Ethan Kapstein, â€Å"Shockproof: The End of Financial Crisis† Foreign Affairs, January/February 1996. Charles P. Kindleberger, The World in Depression (London: Penguin 1973). Paul Krugman, â€Å"International Aspects of Financial Crises† in Martin Feldstein, ed., The Risk of Economic Crisis (Chicago: University of Chicago Press, 1991). John McCallum, â€Å"Managers and Unstable Financial Markets† Business Quarterly January 1, 1995. James Tobin, â€Å"A proposal for international monetary reform† Eastern Economic Journal 1978, volume 4. John Williamson, The Failure of World Monetary Reform 1971-1974) (NY:NYU Press, 1977) L.B. Yeager, International Monetary Relations: Theory, History, and Policy 1976. .

What is Adequate Health Care and Who Has the Right to Receive It? :: Ethics and Health Care

Introduction Throughout the world, in countries rich and poor, people have no access to basic physical and mental healthcare nor to immunizations from infectious disease. Some people have no access because they lack the resources to buy and the state does not provide it. Others may be able to afford healthcare but because there are no services available in their communities they must do without it. In some countries because of discrimination or social stigmas such as a person ¡Ã‚ ¦s status as a prisoner, refugee, immigrant or a member of a lower class or caste they are deprived of this basic human right. However all people should have access to affordable universal healthcare. In a nation of such wealth and abundance, rights and freedoms, there is no justification for an individual to be without healthcare. The  ¡Ã‚ §right to health ¡Ã‚ ¨ extends to all things which promote health and well-being and prevent illness and disease, not just access to medical care. This includes, among many others, the right to education, food and shelter, to freedom from discrimination and persecution, to information, and to the benefits of science. Every woman, man, and child has the human right to the highest attainable standard of physical and mental health, without discrimination of any kind. Enjoyment of human right to health, is vital to all aspects of a person ¡Ã‚ ¦s life and well-being, and is crucial to the realization of many other fundamental human rights and freedoms. The United States is the only industrialized country in the world in which healthcare is not a right of citizenship. As a result, the United States has the worst healthcare statistics in the industrialized world. Thesis Statement Poor health and inadequate health care are often related to human rights violations; violation that under fulfillment of human rights are often due to poor health and lack of access to health care. The link is direct in the case of other basic social and economic human rights such as the right to a standard of living adequate for the health and well-being of oneself, and one ¡Ã‚ ¦s family. Nevertheless, poverty and lack of health protection are indirectly linked to failures to secure civil rights. Some of the realizations of other human rights are not possible if an individual cannot maintain his/her own health. Most crucial health needs includes the prevention of stillbirths and infant mortality; the improvement of environmental and industrial hygiene, the prevention treatment, and control of diseases, with the provision of medical care to the sick.

Effect of both parents working Essay

â€Å"Good, honest, hardheaded character is a function of the home. If the proper seed is sown there and properly nourished for a few years, it will not be easy for that plant to be uprooted.† ~ (George A. Dorsey. http://www.quotegarden.com/parents.html ). The fact that parents nowadays lack attention to their children has caused the child to have a weak performance, bad behavior, and a negative outlook had grown in popularity among people. It is possible to identify two main aspects in which parents don’t give their children the right attention they need as a child; the outer aspects, and the inner aspects. Consequences arise when parents don’t spend enough time with their children, one would be behavior toward the society, and the other is the negative affect on the family bond. First of all, children might seek attention from people around them, which may result might make him loose them. For example, when a child comes home from school, he/she likes to talk about what has happened in school, and kinds of details about his/her day. However, if that person was not around on a regular basis, the child will slowly start to seek attention from elsewhere. Second comes the lack in the family bond. For example, parents will get used to not having their children around, therefore, consequently will not value their parents presence like they should, so neither of the two parties will value the other and as a result, this valuable parent-child bond will start to get weaker with time. Thirdly, communication between parent and child will be effected, which will lead to many issues ahead. F or example, when a child lacks communication with his parents, attention will be pursued with someone else, which is not an advantage for either the child or the parent. Many children tend to develop a sense of shame and embarrassment when such issues arise. Moreover, if attention is still not found, emotional issues arise, where children start to bottle up instead of opening up, and this itself may have a negative effect on the emotional stability of the child. Finally, when not much time or attention is given to children, there will be a gap in a child’s life as he/she grows up. A strong bond with children creates the most wonderful memories of time spent together that will last a lifetime, and when such  bond is affected, memorable moments decrease along with their value. For example, when a child grows up, if a memory seems to be unclear, looking back at a precious photo in an album brings back all the good memories spent that day, when the photo was taken. The emotional, physical and mental environment the child is brought up in plays a big role in an individual’s life even up to late adulthood. Firstly, if there was a lack in affection expressed by the parents, children might not have enough affection towards their own parents, which is what they have learnt from their own family and what they will be considering to be normal. For example, children will not love their parents enough to look after them in old age. Secondly, lack of moral guidance. For example, children will not be able to develop the sense of right or wrong, unless they were guided and told over and over again by their parents. Thirdly, children might suffer from emotional vacuum. For example, children will always try to search for someone to fill this this emotional gap they have, which could result in children drifting to the wrong path, and as an adult this individual might develop regrets to the past and force him/herself to escape reality via drugs or alcoh ol, which could result in all sorts of addiction problems in time. Finally, a child might not get to draw the great qualities of character his/her parents have, and instead draw in negative behavior and qualities from his/her friends at school. For example, children who lack the care and attention of their parents try to get it through a strong act, such as stealing, lying or bullying. In conclusion, parents have to be careful in many aspects of a child’s life while growing up. A person’s childhood is such a critical time in an individual’s life because it has the biggest input in shaping and molding the individual as an adult. The better and healthier the childhood is, the more successful an individual is in many aspects of life such as being a parent, work, career, social life, health, cognition etc.

50 Years from Now

What will life be like 50 years from now? In the future, we will be having many different changes, some predictable and some a complete mystery to us. In 50 years we may have a complete breakthrough in medicine. Cancer, aids, and all sorts of ilnesses may be cured. We might even discover a new life form from another planet. There is just so much we can do in 50 years and predictions must be made.In 50 years we will have the ability to go outer space without need of all the training that astronauts nowadays require, and our cars will be nothing like how they are today because within 50 years the world as we know it will be completely different. Life in fifty years will be a lot different then it is now. In most people’s eyes they see the world having flying cars and floating houses, but the way I see it, it’s a lot different. In 50 years we might not have fresh air to breathe or clean water to drink.If humans don’t stop burning oil and coal, the greenhouse gases i nto the atmosphere are about to cause extremely high temperatures and the coldest places on Earth might one day have the best climate for humans. In conclusion, the greatest minds of this planet are saying the possibilities of what can happen in 50 years is endless. There are just way too many theories and too many possibilities to account for. It seems that 50 years from now, it will be a completely different world than it is from the world we live in now .

Military Action

In my essay I will investigate the phenomenon of war, starting with its theory and definition, and going to its factors and the principles of its justification, and then finishing with its costs. In particular, I will point out the factors of a just war and support each of them with the necessary argumentation. Also, I will describe the factors that must be considered when military action is justified.And finally, I will mention direct and indirect costs of war. On the whole, the purpose of my essay is to explore on the concept of just war, using the terms: just war and the theory of just war and applying the concepts: concepts of sovereignty, state and nation. In order to provide a necessary scientific ground for my investigation, I will cite the information from reliable sources:   The Internet Encyclopedia of Philosophy, Just War Theory† and the War on [T]error by Brian Moresonner, and others.First, according to Brian Moresonner, the roots of the term â€Å"Just War† go back to the Ancient times of Greeks and Sumerians and throughout the history of mankind the concept of just war has been developed [3], eventually growing up into a separate theory with its own principles and traditions. Moresonner in his â€Å"Just War Theory† and the War on [T]error (2004) points out that meaning of â€Å"Just War† â€Å"usually evolves when two or more similarly cultured peoples engage in combat over and over, as they share the same cultural values the two or more peoples set up conventions and perhaps even codes of what is acceptable in combat with each other.† [3].At the same time, The Internet Encyclopedia of Philosophy   (2005) holds that the theory of just war â€Å"deals with the justification of how and why wars are fought.† [4]. This justification can be of two kinds: historical or theoretical. [4]. Theoretical justification deals with ethics of forms of warfare and war. [4]. On the other hand, the historical aspect just ifies rules and agreements applied in different wars across the ages. [4].Second, due to The Internet Encyclopedia of Philosophy (2005), every just war is characterized with a list of factors, which generally should contain the following:–   Just cause, which means a cause of aggression can be considered just if it is a response to â€Å"a physical injury (e.g., a violation of territory), an insult (an aggression against national honor), a trade embargo (an aggression against economic activity), or even to a neighbor’s prosperity (a violation of social justice).† [4].–   Proclamation of war made by a proper authority. This factor implies the relationship between government and people, and is closely connected with the concepts of sovereignty, state and nation. In simpler and more general terms, government, as an organ of authority in a state, can declare war. [4].–    The possession of right intention. This factor forbids pursuing self-intere sts or aggrandizement for the sake of justice in the war. [4].–   A reasonable chance of success. This factor means that just cause and right intention are insufficient for a just war. The sides involved should calculate al the benefits and the costs of the campaign.–   Proportion in the means which are used. This factor requires that the goal of the war â€Å"must be proportional to the other principles of just cause.† [4]. For example, if a nation A invades a land which belonged to the nation B, nation B has right to take the land back. It will be a just cause. But at the same time, the counter attack of B should be proportionate and aim only at retrieving the land. [4].Third, in case when the factors of a military action are taken into consideration, those ones, which will justify it, should be based on the right of self-defense. This right was established by the UN Charter, Geneva and the Hague conventions and it states that a nation can start a war is i ts sovereignty is endangered.   So, to my mind, justifying factors should involve :1) Direct aggression against the country, or its allies, or those countries which are not able to protect themselves against a direct aggression. Thus, in the U.S.A. current ideology suggests self-defense as a right response to direct aggression. The main concerns of U.S. ideology here are freedom and safety of its citizens, and proportional intervention against the defender. For example, such war in self-defense against Japan was declared by American policy on December 7, 1941.2)   Indirect aggression against the country. However, this premise is the most difficult to evaluate. This difficulty comes out of ideological divergences of all the countries in the world. In other words, to understand how a particular country would be engaged in a war based on this premise, one must really know the ideology of this country. For instance, all the military actions of the U.S.A. initiated after the World Wa r II are considered to be based on U.S. response to indirect aggression. In this case the term ‘indirect aggression’ implies the controversy between capitalist and communist regimes and the opposition of American democracy to dictatorship of the former U.S.S.R. and its allies.Finally, each war has its direct and indirect costs. To my mind, direct costs of war concern its human casualties and money spent by the parts involved. For example, it was estimated that during World War II 20 million o soviet people died, and the cost of Iraqi war or America has already overreached 2 million dollars. On the other hand, there are indirect costs of wars, which generally can be seen in postwar period. Among such costs I can mention: refugees and immigration, poverty, collapse of economic and political systems, epidemics, pollution of environment, etc.Bibliography:1)   Carl Schmitt, The Concept of the Political, George Schwab, trans., Chicago: The University of Chicago Press, 1996, p. 26.2) Mark Osiel, Obeying Orders: Atrocity, Military Discipline, and the Law of War, New Brunswick: Transaction Publishers, 1999, p.100.3) Moseley Alexander. Just War Theory. The Internet Encyclopedia of Philosophy. 2005. 28 Aug. 2005 4)  Plaff Tony. Peacekeeping and the Just War Tradition. US Army War Colege. September, 2000

Gender Discrimination in Media Essay

Abstract This study examines women’s participation and representation in media. This study is based on the statistics of media units in Solapur city. Women constitute nearly 50% of population in every Indian city, but the participation of women in media is very low. Discussions of women’s representation in the media tend to revolve around the focus on physical beauty to the near-exclusion of other values. It is observed that media content about women issues is biased and gender discrimination is clearly visible .This study also suggests the ways to increase the women participation in media and the ways to rational representation of women in media. Introduction: Women constitute nearly 50% of population in India. Our social system boasts that it has given mother goddess status to women since the ancient period. But in reality society builds psychological barriers around women. This male dominated society imposed so many bindings against women. Therefore role of women was confined only to the kitchen and kids for many years. Social movement started by Raja Ram Mohan Roy, Mahatma Phule, Savitribai Phule, Maharshi Karve and other social activists opened doors for women’s education. Women have benefited greatly as education provided information to them about their rights and their equal status in the society. In spite of these efforts and the 65 year long journey since India’s independence , our nation is lagging behind in many basic things. World Economic Forum conducted a study to measure gender gap. The Global Gender Gap Index examines the gap between men and women in four fundamental categories: economic participation and opportunity, educational attainment, health and survival and political empowerment. According to this Gender Gap Report-2011, India is included among the 20 countries, where the gender gap is widest. It holds 113th position among 134 countries in the world. This report explains that â€Å"India and Pakistan perform above average on the political empowerment of women, particularly India, but they lag behind in the other three categories. In particular, the persistent health, education and economic participation gaps will be detrimental to India’s growth. India is the lowest ranked of the BRICK economies† (http://www3.weforum.org/docs/WEF_GenderGap_Report_2011.pdf) After India’s independence Women’s role in society has undergone seismic changes, which has been reflected in every walk of life. Women stepped out of four walls and succeeded in each and every field. Now women are working as pilots, soldiers, doctors, engineers, lawyers, politicians and proving their mettle in all fields. But it is ground reality that basic structure of male dominated society and roles and presumptions about women’s worlds remain the same. Still the life of majority of women in India remains unchanged. . The women who got benefited through education and succeeded to grab a job have to destine to face male supremacy. Gender discrimination is visible at every moment. Decision- making positions are not accessible for women. Many times working women have to face humiliation. Scenario in the field of media Scenario in the field of media also does not differ from it. Media Still remains as men’s world and this is global phenomena. According to the research conducted by International Women’s Media Foundation( IWMF ) 73% of the top management jobs are occupied by men compared to 27% occupied by women,Among the rank of reports , men hold nearl y two thirds of the jobs, compared to 36% held by women. These findings were collected by more than 150 researchers who interviewed executives at more than 500 companies in 59 nations. (http://iwmf.org/pioneering-change/global-research-on-women-in-the-news-media/global-report-online-version.aspx) According to this report statistics of women’s participation in Indian media is 13. 8 % ( e.g. Chief Executive Officer ) at top management , 23.3 % ( e.g. News Directors) in senior management ,18.3% ( Chief Correspondent ) in middle management and 25.5 % ( Reportes, Sub-editors ) at junior professional level . This report reveals that women’s participation in Indian media is very low and gender discrimination is the only reason behind this. Media sector in India is very strong and particularly India ranks second in circulation of newspaper copies in the world. â€Å"The new figures show that the four largest markets for newspapers are: China with 107 million copies daily; India, with 99 million copies daily; Japan with 69 million copies daily; and the United States, with nearly 51 million.† 1 Marathi newspapers in Maharashtra are also enjoying better position. Two Marathi newspapers Lokmat and Sakal are placed among India’s top 10 largest circulated regional dailies in the IRS first quarterly report 2012 . Lokmat is at second position and Sakal is at tenth position in this list. (http://mruc.net/irs2012q1-topline-findings.pdf) â€Å" Women participation in Indian media is negligible. Though a few women were appointed by the media many were not given big responsibilities. The media should be more responsible when it comes to reporting of women’s issues.† 2 This picture is same in Mahashtra state. Solapur city is 7 th populated city in Maharastra .Population of Solapur is more than 12 lacks. There are seven dailies having circulation of more than 25000 copies per day. But participation of women in newspapers editorial staff is negligible. It is observed that young women taking admissions to the media courses is increasing during last few years. But job opportunities are not easily accessible for them. Situation in electronic media seems better than newspapers. Table no 1: Ratio of Women’s Participation in Editorial staff of Daily Newspapers in Solapur This statistics clearly reveals that women’s participation in these newspapers as reporters, sub-editors, editors is less than 3%. Women journalists are confined generally to the table duties to edit women’s page or to cover cultural events arranged for women. Important beats such as political beat, crime beat does not allotted to the female journalists. They work on junior levels .In decision making process women’s participation almost neglected in all newspapers. Table no 2 : Womens participation in electronic media in Solapur Sr no| Media Unit | Male Journalists | Female Journalists| total| 1| AIR Solapur| 05 (71..42%)| 02 (18.58%)| 06| 2| Big 92.7 FM| 03 (100.00%)| 0(00.00%)| 04| 3| IN Solapur TV channel| 08 (80.0%)| 02 (20.0%)| 10| 4| Reporters of TV channels| 09 (90.0%) | 01 (10.0%)| 10| | Total| 23 (83.34%)| 05 (16.66%)| 30| Women participation in electronic media is 16.66% as compared to mere 1.97 % in newspapers. Solapur Working Journalist Union is organization of all journalist belonging to print and electronic media in Solapur .( Table no.3 ) Not a single female journalist included among total 125 members of Solapur Working Journalist’s Union Table no 3: Members of Solapur Working Journalist Union Male Journalists | Female Journalists| 125 ( 100%)| 00 ( 00 % )| Male dominated media managements are not allowing access to the woman journalists. According to the executives of the media, woman journalists cannot work in the night shifts and they are reluctant to cover every beat assigned to them .That’s why we prefers male journalists for the job. This gender biased assumption of the media managements is contrary to the real facts. Women are actively participating in every walk of life such as armed forces, space science, entrepreneurship, education, engineering etc.They work hard without any concessions and proved their mettle. These examples prove that women are going hand-in-hand with men in every field. Therefore women can do their best in the field of media. Barkha Dutt, Nalini Singh, Mrinal Pandey, Sucheta Dalal are some prominent examples of women journalists doing brilliant job than male journalists. It reveals that only reason for the less participation of women in media is the gender bias of the management. Women’s Representation in Media Media plays an important role in the dissemination of information and knowledge to the masses. It is the role of the media to educate people and to guide them for the development of society and nation. But media content about women issues is alwayes biased and gender discrimination is clearly visible in it. Most of the woman’s organizations blame on media that it is responsible for biased and stereotype portrayal of women. Any society cannot progress without upliftment and empowerment of women .But Indian media is engaged in portraying women as housewives.† Feminists objected to the stereotypical portrayal of women as happy home- makers who were less competent than men.† 3 Now women are active participants in every walk of life. Therefore it is important to to properly project the image of women as role model. For these purpose women participation in media should be increased. But mere participation does not change the situation. .â€Å"A large proportion of women thought that there would be a change in program content with as increase in proportion of female employees program quality would improve and more balanced perspective would be emerge. .† 4 Mrs. Suhas Kumar rightly suggested that â€Å"Women must become active participants in the field of journalism and other fields of media to fulfill the all-round development of women directly and indirectly.only through their involvement in journalism women will be able to speak for themselvesand the issues relevant to them†. 8 Therefore it is necessary to appoint women as decision makers in the newspapers. Special training must be given to all editorial staff about the equality principle and the rights of women as human being. Conclusion: Male dominated newspaper industry is reluctant to give access to women journalists. Women journalists are not assigned to cover important issues. News related to women issues covered by male journalists cannot give justification to the issue. There are no guidelines for reservations for women in media jobs.Mere increases in number of women journalists cannot change the gender bias in media. Suggestions: At the end, this study concludes with some suggestions (a) There is need to recruit women journalists in proportion, giving them equal opportunity and access to work in media. (b) The important women’s issues must be rported by women journalist. (c) Special guidelines should be given to all the journalists about projecting positive and real image of woman, without any bias. (d) There should be a provision to punish guilty persons for portraying women as commodity in any advertisement, news, article etc. References 1. The Hindu online edition ,New Delhi, Jan,10, 2011.8 2. The Hindu online edition ,New Delhi, June,4 ,2008 3.Thakurta Paranjoy,Media Ethics : Truth, Fairness and Objectivity,Oxford

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