Shame: Feeling and Random Chivalrous Deeds

Dick Gregory, the author uses mood and tone to develop the main character as a shameful person, which ultimately teaches the reader that people have to find themselves over time and also how stylistic techniques create the story and its plot. The narrator demonstrates this throughout the short story, influenced by a girl named Helen Tucker. Her existence alone developed the narrator as the shameful person he is and taught him that he will never have a daddy or live a life without feeling dfferent.The author uses mood, which are the feelings created In the set atmosphere of the reading, to put the reader in the narrator's point of view and feel sympathy for his thrive to fit In with everyone else at school. This Is what Influenced the development of Richard's feeling of shame. Another example Is how Richard develops hate for his life and school. He hated asking everyone for necessities, such as rotten pears and even spoonfuls of sugar; even though it is the only way he can survive. Th e mood, including shame and hate, puts the reader in Richard's shoes and makes him r her realize how terrible it would be to live like that.The author also uses tone, which is expressed through the author's attitude, to show how such a sweet kid is treated so badly for being different. For example, when all of the â€Å"daddy's† came into school to donate money. Richard saved all of his money he earned shining shoes and with a very soft and sweet tone was trying to put the Impression on his classmates that his father gave him the fifteen dollars to put In. Yet, the teacher still treated him with hate and disrespect, making feel left out. Another example is the tone of love. Richard always talked to Helen with love In his voice, doing random chivalrous deeds for her and her family.Even after everything he did the love was not returned. This, overall, developed Richard to be a depressed little kid; shedding tears in front of his love and classmates. This technique allows the re ader to see the change in the narrator easily. Richard Gregory was a happy little kid filled with love who changed into a shameful kid filled with hate. In the story â€Å"Shame† by Dick Gregory, the author uses mood and tone to develop the main character as a shameful person, which ultimately eaches the reader that people have to find themselves over time, and what goes around does not always come back around.Richard learned that life does not go how you want It to and even the happiest person can turn out to be living In a life of shame. The trait was rubbed onto Richard through other characters attitudes and feelings. The reader can learn from this, and know to always keep their head up even when life isn't going their way. Shame: Feeling and Random Chivalrous Deeds By kaigace life without feeling different. The author uses mood, which are the feelings created in the set atmosphere of is thrive to fit in with everyone else at school.This is what influenced the development of Richard's feeling of shame. Another example is how Richard develops treated so badly for being different. For example, when all of the â€Å"daddys† came into with a very soft and sweet tone was trying to put the impression on his classmates that his father gave him the fifteen dollars to put in. Yet, the teacher still treated him Richard always talked to Helen with love in his voice, doing random chivalrous deeds you want it to and even the happiest person can turn out to be living in a life of

Investigating Factors That Affect the Rate of Reaction

Investigating Factors that Affect the Rate of Reaction of the Decomposition of Hydrogen Peroxide Emilio Lanza Introduction- In this experiment, the rate of reaction, calculated in kPa sec-1, of the decomposition of hydrogen peroxide will be investigated to see how the change in concentration of hydrogen peroxide and the change in temperature affect the rate of reaction. The data will be collected by measuring the gas pressure. The product of Hydrogen Peroxide is oxygen in a gas state thus it is mandatory to use the gas pressure sensor.By calculating the difference of the gas pressure divided by the amount of time from the raw data collection it is able to find the rate of reaction of the decomposition of hydrogen peroxide. * Control Variable- 1mL of yeast (catalyst) is being used in every trial. The volume of H2O2 is always 4 mL, even though the concentration changes and the sizes and type of test tube was the same because it can change the pressure. * Independent Variable- Concentra tion of H2O2 (M) and the temperature (Â °C) * Dependent Variable- The rate of reaction of the decomposition of hydrogen peroxide > rate of reaction = ?Pressure (kPa)Time (sec) . * Research Question- it is needed to calculate the rate of reaction (kPa sec-1) of the decomposition of H2O2 to understand how different factors such as the change in concentration and the change in temperature of H2O2 affect the rate of reaction. Materials and Method- Materials: * 0. 5 M Yeast solution (the catalyst) – 15 mL * 45 mL of 3 % H2O2 solution * A thermometer * A computer with LoggerPro Program. * A Vernier computer interface * A Vernier Gas Pressure Sensor * A 1 liter beaker * A match to light up the bunsen burner * A tripod Two 10 mL test tubes * Two 10 mL pipette * Distilled water – 15 mL * A matt/cover that is fire resistant * 700 mL of room temperature water from a sink * A one-hole rubber stopper with stem * Two test tube holders * Two 10 mL graduated cylinders * A bunsen burn er * Two solid rubber stopper * Plastic tubing containing two Luer-lock connectors * A one-hole rubber stopper with stem * A test tube rack Procedure: Part 1 of the experiment: Decomposing 3 % of H2O2 solution with 0. 5 Yeast at about 30Â °C 1. Take the 1-liter beaker and add 700 mL of room temperature water.Take the tripod, place a matt/cover that is fire resistant on top of the tripod and onto the matt/cover place the 1-liter beaker that has been filled up with 700 mL of room temperature water from a sink. 2. First hook the rubber tube from the Bunsen burner to a gas source, then take a match and turn on the gas source. Once the gas is on light the match and then light the bunsen burner. (MAKE SURE TO NOT BURN YOURSELF)!! 3. Place the lit bunsen burner underneath the tripod so it can begin to heat the 1 liter beaker with the 700 mL of room temperature water from the sink. . Insert a thermometer into the 1 liter beaker that is being heated and adjust the flame of the bunsen burner so it will heat the water to a temperature of about 30Â °C. 5. Take the 10 mL pipette and the 10 mL-graduated cylinder use the pipette and transfer 4 mL of H2O2 and using a 10 mL pipette transfer 4 mL of H2O2 from a container into the 10 mL graduated cylinder. 6. Take a 10 mL test tube and add fill 4 mL of H2O2 from the 10 mL graduated cylinder into the 10 mL test tube. Once that is done, take a rubber stopper and seal the 10 mL test tube containing the H2O2.Use the test tube holder to hold the test tube into the 1 liter beaker the is being heated to a temperature of about 30Â °C. Make sure that the majority of the test tube is submerged in water. 7. Using the other 10 mL pipette, transfer 1 mL of 0. 5 M Yeast into the other 10 mL graduated cylinder. From this graduated cylinder, transfer the 0. 5 M Yeast to a new 10 mL test tube; seal the test tube with a new solid rubber stopper. With the other test tube holder, place this test tube containing 1 mL of 0. M Yeast into 1 liter be aker that is currently being heated to a temperature of about 30Â °C. 8. Turn on a computer and start the LoggerPro Program. 9. Connect the Gas Pressure Senor to Channel 1of the Vernier computer interface and with the correct cable attach the Vernier computer interface to the computer. 10. Take the plastic tubing with the Leur-lock connectors at either end of the tubing, connect the tubing to the base on the one-hole rubber stopper and the other end of the plastic tubing, it must be connected to the white stem on the end of the Gas Pressure Sensor called a Luer-lock. MAKE SURE THE PLASTIC TUBING TIGHTLY SECURED OR THE GAS WILL ESCAPE AND IT WILL LEAD IT IN ACCURATE READINGS). 11. Once the LoggerPro Program has been opened make sure that the label on the x-axis is time in seconds and that the units on the y-axis is pressure in kPa before collecting the data. 12. Leave the test tubes in the water bath for at least two minutes so that the solutions in the test tube have a temperature of around 30Â °C. Once the water is about 30Â °C, record this temperature into a data table. When two minutes have passed by, commence the reaction and collect the pressure data.Remove both test tubes from the water by holding onto the test tube holder, place them in a test tube rack and remove each seal from the test tubes. Transfer the yeast solution from its test tube into the test tube containing H2O2 solution and shake lightly to mix the two solutions together. 13. As quick as possible seal the test tube with the one-hole stopper connected to the Gas Pressure Sensor and place the test tube back into the water by holding the test tube with the test tube holder. Next click collect data on the LoggerPro Program to begin collecting data. THE LAST TWO STEPS ARE CRUCIAL AND MUSTBE DONE AS QUICK AS POSSIBLE TO AVOID ANY EXTERNAL INFLUENCES). 14. It is needed to collect the data for three minutes once three minutes is up, carefully remove the test tube from the water by holding onto the test tube holder and set it in the test tube rack. Next slowly and carefully begin to tale out the stopper from the test tube allowing the gas pressure to escape. 15. Store the results from the first trial by selecting Store Latest Run from the Experiment menu. After doing this a table of data and the graph will be saved.Then make sure to clean and trash the solution that is in the test tube. Repeat the first part another two more time so you can have three trials in total. Then print the graph and the full data table from each trial. Part 2 of the experiment: Decomposing 1. 5 % of H2O2 solution with 0. 5 Yeast at about 30Â °C 1. Take a 10 mL graduated cylinder and using a 10 mL pipette (make sure you are using the same pipette for the H2O2 as in previous trials and don’t interchange this pipette for the one being used with Yeast) fill 2 mL of H2O2 from the same container like it was done in part 1 into the 10 mL graduated cylinder.Once that is done insert 2 mL of distil led water as well into the graduated cylinder containing H2O2. 2. Now grab the 10 mL test tube (which has been thoroughly washed with water) and insert the 4 mL of H2O2 which has been mixed with the distilled water from the 10 mL graduated cylinder into the 10 mL test tube. Then take the 10 mL test tube and with the H2O2 seal it with a rubber stopper. Use the test tube holder so you can place the test tube in the 1 liter beaker that is being heated to 30Â °C. Be sure that the test tube is deep enough in the 1 liter beaker. . Using the other 10 mL pipette, take the 1 mL of 0. 5 M yeast and our it into the other 10 mL graduated cylinder. Then grab the graduated cylinder and put the 0. 5 M yeast to a new 10 mL test tube; close the test tube so no air comes in with a new rubber stopper. With the other test tube holder, place this test tube containing 1 mL of 0. 5 M KI into 1 liter beaker that is currently being heated to a temperature of about 30Â °C. Repeat steps 13-18 from part I. P art 3 of the experiment: Decomposing 0. 75 % of H2O2 solution with 0. 5 Yeast at about 30Â °C 1.Take a 10 mL graduated cylinder and using a 10 mL pipette (make sure you are using the same pipette for the H2O2 as in previous trials and don’t interchange this pipette for the one being used with KI) transfer 1 mL of H2O2 from the same container like in part I into the 10 mL graduated cylinder. Add 3 mL of distilled water into the graduated cylinder containing H2O2. Mix the solution gently. 2. Take a 10 mL test tube (which has been cleaned after previous trials) and transfer 4 mL of H2O2 mixed with distilled water from the 10 mL graduated cylinder into the 10 mL test tube.Then seal the 10 mL test tube containing the H2O2 with a solid rubber stopper. With one of the test tube holders, place the test tube into the 1 liter beaker that is currently being heated to a temperature of about 30Â °C. Make sure that the majority of the test tube is submerged in water. 3. Using the other 1 0 mL pipette, transfer 1 mL of 0. 5 M yeast into the other 10 mL graduated cylinder. From this graduated cylinder, transfer the 0. 5 M yeast to a new 10 mL test tube; seal the test tube with a new solid rubber stopper.With the other test tube holder, place this test tube containing 1 mL of 0. 5 M yeast into 1 liter beaker that is currently being heated to a temperature of about 30Â °C. Repeat steps 13-15 from part 1. Part 4 of the experiment: Decomposing 3. 0 % of H2O2 solution with 0. 5 Yeast at about 35Â °C 1. For this part repeat the steps 6-7 and 13-15 from part 1. The only thing that is needed to be changed is that the water needs to be about 35Â °C. Part 5 of the experiment: Decomposing 3. 0 % of H2O2 solution with 0. 5 Yeast at about 40Â °C 1. For part 5 redo the steps 6-7 and 13-15 from part 1.The only thing that is needed to be changed is that the water needs to be about 40Â °C. Steps once all the five parts of the experiment are complete 1. Now look at the data table that has been filled in for each trial from each and calculate the average reaction rate (kPa sec-1) of the decomposition of H2O2 that occurred over 3 minutes for each part and put it into the analysis table 2. Insert the concentration of H2O2 and yeast from each part into the analysis table as well. 3. Make sure to find the average temperature (Â °C) and include it in the analysis table. . Then compare and contrast the different effects the rate o reaction caused by the change in concentration of H2O2 and in the change of temperature. (The data table is an example of the data table that will be printed from the computer after each trial and part is done from LoggerPro Progam. The only thing is that it will record the gas pressure until 3 minutes. Again only an example how it should look like). The Gas Pressure from the Decomposition of H2O2 After Every Second| Time (sec)| Gas Pressure (kPa)| 1| | 2| | 3| | 4| | 5| | 6| | 7| | 8| | | | 10| | Data Analysis Table for the Decompositio n of H2O2| Part #| Average Temperature (Â °C)| Average Rate of Reaction (kPa sec-1)| Concentration of H2O2 in %| Concentration of Yeast (M)| Part 1| | | | | Part 2| | | | | Part 3| | | | | Part 4| | | | | Part 5| | | | | The Temperature (Â °C) of the Water During Each Part of the Lab and Each Trial | Parts of Experiments| Trial 1| Trial 2| Trial 3| Part 1 Temperature (Â °C)| | | | Part 2 Temperature (Â °C)| | | | Part 3 Temperature (Â °C)| | | | Part 4 Temperature(Â °C)| | | | Part 5 Temperature (Â °C)| | | |

Language as a Highway

There are about five thousand languages throughout the world now, and that doesn’t even include the hand languages. As a matter of fact, Languages are the most powerful inventions ever. Languages are important highways that allow people to communicate within the world of different nations and cultures. Without language we wouldn’t be able to communicate with one another and spread ideas. Languages are highways that connect the past and the present. Without language there would be no way that we would ever have known what happened in the past. â€Å"Language is a highway linking all peoples and all ages. Mama was wrong to use language as a wall. † Sometimes language can be a wall that breaks the connection between the people. In contract, Many foreign use their lack of language skills as an excuse to wrap themselves up, refusing to communicate with other people. There are positive and negative sides in language, and it depends on how well you using it. It’s really important and useful for people to use language as a highway. Undoubtedly, language is the foundation of communication, and communicating is an inseparable part of our lives. We always share our feelings and emotions through the highway of language. Can you imagine if no one in the entire world understands you, you could only talk to yourself, and all you could hear was your own voice? In addition to expressing emotions, it’s also requisite for our everyday study. We wouldn’t be able to express our ideas and thoughts without language, and we wouldn’t be able to learn. We should all use it as a convenient highway instead of a wall. There is a saying, â€Å"High thoughts must have high language. † In fact, I’m totally agreed with that. No matter how intelligent you are, without the language you wouldn’t be able to express any of your ideas. Furthermore, language is a window to our heart which could send our feelings out. Let the language be a highway for you, instead of a wall.

Communication 1 Assignment Example | Topics and Well Written Essays - 250 words

Communication 1 - Assignment Example Peers help us to understand our â€Å"social comparison† to others by creating social solidarity. Lastly, the generalized self can positively influence us by helping us to identify elements of personal identity which are viewed as important by the society. These elements include gender, economic class, race/ethnicity and sexual orientation and culture. For example, establishing an effective communication with people from different cultures is the most important source of personal identity. Understanding different cultures helps us to create a particular lifestyle. As a result, being able to communicate with people from different cultures not only helps us to create distinction, but it also develops solidarity at the workplace (Management Association, Information Resources 26). There are various ways that effective communication can affect our ability to understand other people’s communication. Communication involves the listening processes, which determine the amount of information we can gather in specific social situations. An effective communication therefore, determines how well we can understand others’ communication through the following ways: recalling, interpreting, receiving, evaluating and responding. For instance, responding involves the verbal or the non-verbal information we send to others during communication in order to show our attentiveness. As such, being able to communicate effectively can enable use to provide a positive feedback (Cormier, Nurius and Osborn

Prisoners with Substance Abuse and Mental Health Problems Research Paper

Prisoners with Substance Abuse and Mental Health Problems - Research Paper Example This article written by Diamond, Harzke, Magaletta and Baxter (2009) seeks to determine who seeks psychological services when entering prisons. Few studies have sought to explain the common characteristics among inmates seeking for mental illnesses. This study seeks to determine the characteristics of the inmate’s requesting psychological services upon their admission to prison. The researchers utilized a quantitative research including a sample population of 2,600 offenders that were newly admitted to a federal incarceration facility. During this exploratory study participants were assessed using the self-reporting assessment the Psychological Services Inmate Questionnaire (PSIQ). Participants came from 14 prisons throughout different locations in medium risk facilities. The research sample consisted of 2068 men (n=2068) and 606 women (n=606). The race composition of the study was 41% African American, 26% White, 32% Hispanic and 2% other. One-fifth of the participants were n on-United States citizens. All statistical analysis was done using SPSS. The study concluded that 79% of all participants had children. In addition, male participants were younger than female participants. Females were more likely to report previous mental health treatment including medication usage, suicidal ideation, and general mental health illnesses with the exclusion of hallucinations. The most commonly reported symptoms of mental illnesses corresponded with symptoms of depression and anxiety in both men and women sampled. Of the participants sampled only 11% requested psychological services/treatment while incarcerated. Based upon the results of the study researchers further hypothesize that many individuals entering prison facilities suffered from mental health illnesses prior to their incarceration. Further research is needed to confirm this hypothesis. This performed by Morgan and Patrick (2008) seeks to determine the effects of telemental health services on inmates.     Ã‚  

Psychological Testing and Assessment Paper Essay

Psychological Testing and Assessment Paper - Essay Example Psychological test is one of the recognized measurement tools used in psychology. Cohen, Swerdlik and Sturnam (2013) define psychological test as devices and/or procedures used to measure psychological variables with regard to their effects on human life. Cohen, Swerdlik and Sturnam (2013) alternatively define psychological test process of determining psychology related variables through use of procedures and devices designed to produce a sample of behaviors. Counselors, and marriage as well as family therapists rely on psychological tests to accomplish their treatment goals of dysfunctional elements in their clients. Counselors need psychological tests such as interviews and observations to study behaviors and conducts of their clients. Interviews enable counselor to perform personality, intelligence, attitude, brain and behavioral tests on clients. Marriage and family therapists perform personality tests on related individuals facing difficult time to understand inherent motivators to act as they do. Personality tests enable counselors to weigh trust, confidence, courage, self-esteem, understanding, honesty and transparency between and among clients (Nichols, 2013). Measuring trust is usually important in marriage therapy where couples experience problem due to distrust. A married woman may use observations of behavioral change in the partner to suspect infidelity. If the two have not found time to talk about their challenges, the woma n would continue to express distrust in the marriage and behave in a manner that only escalates instability in the marriage. Marriage and family therapists also measure honesty levels in their clients to determine commitment of related members in their relationships. Honesty here, concerns open and truthful communication among members. Therapists understand dishonest communication have great propensity to lead to unstable relationship within families.

Future, past. present Essay Example | Topics and Well Written Essays - 1250 words

Future, past. present - Essay Example Therefore, this discussion seeks to analyze the past, present and future of law enforcement, with a view to establishing how this particular component of the legal system has evolved over time, how it has related with the other components forming the criminal justice system, its present state, and the likely nature of this component in the future. The past of law enforcement The history of the concept of law enforcement dates back to the settlement of the colonists in America, where the colonists who settled in America imported their constable system of law enforcement, with each community required to constitute a watchdog force that kept peace while dealing with the criminals and crime resolution, under the leadership of a chief peacekeeper, also referred to as the constable (Bumgarner, 2006). This was mainly applicable in the urban regions where the settlers had established their settlements. In the southern states, the concept of law enforcement developed with the establishment of the slave patrols, which was meant to whip and terrorize slaves, to prevent them from holding meeting or leaving their plantations without the express authorization of their masters, or even travelling (Roth, 2011).The first organized and paid policing force was established by City of Boston in 1635, followed by Texas in 1835, whose police force was referred to as the rangers, followed by the Municipality of New York in 1884, and eventually the other cities started following suit, but it is only until the Civil War, that a uniformed law enforcement force was established, which used nightsticks as their main weapon (Roth, 2011). Despite this organization, the law enforcement forces were controlled by politicians who presided over the cities and the municipalities, and thus they operated on the basis of their orders. However, the data of the number of the police officers in America remains scanty especially regarding the past, considering that the police officers established by diffe rent municipalities and cities could not be practically enumerated, since the law enforcement forces were not organized into a full disciplined force (Bumgarner, 2006). However, the existing data regarding the earliest disciplined force that was well organized is that of the U.S. Capitol Police (USCP) formed in 1852, which comprised of the 7 officers, with a chief officer, 4 assistant chiefs and 2 other ground patrol officers (Bumgarner, 2006). The U.S. Capitol Police (USCP) forms one of the few primary law enforcement force, still maintained by the federal government, which currently comprises of over 1,000 disciplined officers, forming the USCP federal department. The major reforms in the law enforcement started in the 20th century, where reforms regarding the qualifications, education and training of the enforcement officers, as well as the elimination of the political control over the law enforcement came into the limelight. The present of law enforcement The present state of la w enforcement in the US now comprises of well trained and disciplined forces, with well structured recruitment formulae and requirements. The other aspect of the current state of the law enforcement component of the justice system is that their duties and responsibilities are now well cut out, with such provisions enshrined in the constitution and in the law enforcement policies and regulations that guide their operations. Presently, as

Aramex Product Strategy Essay Example | Topics and Well Written Essays - 500 words

Aramex Product Strategy - Essay Example For a very long time, the company had focused its attention on the areas of international and domestic express, freight forwarding, and logistics. But due to the need to retain its stage on the product lifecycle as a maturing company, there has been the introduction of the shopping and shipping system as a new product development to match up the new class. With this new dimension, the company is able to deal with a larger population size without thinking of proximity as a limitation2. This is said against the backdrop that the company is fired up now to use the power of technology not only to make customers visit their shops to buy products, but to shop online and have their products shipped to them. As far as the new paradigm is concerned, it can be said that the major core physical service offered by Aramex is electronic commerce, which is commonly called e-commerce. This is actually imbedded in the shop and ship system of business whereby customers are enabled to make purchases online via the use of the internet. Judging from the modern business trend, there is no way that Aramex could exempt itself from this new dimension and expect to see any forms of phenomenal growth3. This is because the birth of modern technology is making all stakeholders begin to look for the easiest ways out to achieve the same kind of results that they attained in the past years. There is no denying the fact that the use of electronic system of commerce reduces the staff-customer personal and face-to-face interaction4. This notwithstanding, Aramex has not been enticed to forget about the importance of customer service and the need to ensuring customer satisfaction. The company actually guarantees customer service and customer satisfaction through a 24 hour customer support unit where all complaints and questions of customers are addressed on an instantaneous and live basis. These customers also have a feedback system

Armenian Organized Crime Essay Example | Topics and Well Written Essays - 250 words

Armenian Organized Crime - Essay Example Currently, the syndicate possesses’ strong public relations that enable it collaborate with bank personnel while executing their schemes through installing register devices to temper with the client’s accounts. Primarily, this group specializes in narcotic trafficking, kidnapping and utilizing technological knowhow to siphon funds from bank accounts (Lovett, 2011). The members steal from banks via fixing credit card â€Å"skimming† gadgets that acquire clients’ accounts’ status prior making bogus debit and credit cards. In some incidences, the gang may be for hire to execute extermination acts. For instance, in politics or business deals where diverse persons keep resentment against their counterparts. This ensures the targeted victim does not benefit from the disputed plan that yields to one’s demise (Albanese, 2012). Currently there are no stipulated laws that â€Å"regulate† organized crime, except civil statutes that try to â€Å"control† it, for instance, RICO Act (Conklin, 2010). The statute involves trying the syndicates’ bosses for the evils they have ordered their subjects to undertake and exempts the doers from punishment. Since the lawbreakers acted not from their will but forced  due to the gang’s loyalty, which entails total adherence. RICO does not effectively curb organized crime, since it only deals with the leaders while the subjects go scot-free (Lovett, 2011). This gives the doers a chance to be more sophisticated in their dealings, hence contributing in creating more numerous similar gangs. Law enforcing units’ estimate that Armenian Crime Syndicate has cost their victims at least $20 Million especially via money laundering and stealing from banks (Lovett, 2011). Additionally, the syndicate has yielded to rampant usage of hard drugs especially among the youths, since they are the drugs’ kingpins (Albanese, 2012). This affects the society grievously because they render youths being

Annual reports of Boots Essay Example | Topics and Well Written Essays - 2000 words

Annual reports of Boots - Essay Example Return on capital employed has dropped from 18.15% in 2004 to 13.95% in 2005. Gross profit margin shows how much profit was made out of every dollar of sales before covering operating expenses. The gross profit margin has only improved very slightly from 45.67% in 2004 to 46.05% in 2005. Net profit margin shows how much profit was made out of every dollar of sales after covering all costs and expenses. The net profit margin has decreased from 7.73% in 2004 to 5.53% in 2005. Return on assets shows how much profit was earned out of every dollar of total assets. Return on assets has declined from 11.75% in 2004 to 8.76% in 2005. Return on owners' equity shows profit available to equity owners out of every dollar of their investment. Return on owners' equity has also decreased from 22.76% in 2004 to 18.78% in 2005. The downward trend of the profitability ratios indicates weakness. Liquidity ratios are indicators of short-term financial stability. They show whether the business is able to meet its current debt obligation. The liquidity ratios include current ratio and acid test ratio. The current ratio shows the company's ability to meet its current debt obligations (due within 12 months) with assets that can be converted into cash within a short period. Though the current ratio has decreased from 1.5170 in 2004 to 1.4671 in 2005, it is still considered satisfactory being more than 1. This means that the current assets can cover current liabilities with a margin of safety. If the ratio is too big, it may mean that the firm has too much liquidity and is not optimising its investment opportunities. The acid test ratio shows whether the firm has sufficient liquid resources (assets that can be converted into cash very quickly) to meet its current liabilities. The acid test ratio indicates weakness as it has decreased from 0.9086 in 2004 to 0.8027 in 2005. The rati os in both years are less than 1, which means that the company may have difficulty in meeting its short-term financial claims with its liquid assets. Use-of-assets ratios indicate operating efficiency and how well the assets

'Restoring Communities and Young Offenders A Critical Evaluation of Essay

'Restoring Communities and Young Offenders A Critical Evaluation of Restorative Justice' - Essay Example Unfortunately, over the last 10 years the number of crimes committed by young people has much increased and there is an urgent need to review and reform the existing restorative practices in order to prevent further crime growth. The concluding section outlines the key points of restorative justice reform. Restorative justice has started to evolve based on the need for healing relationship as opposed to the criminal justice under which the hurt is balanced to hurt (Braithwaite, 157). The aim of the restorative justice is to create the process when all of the parties have the opportunity to be heard with respect to their views of the crime and development of the program to restore victims, offenders and the communities. According to Andrew Ashworth, restorative justice is the process when victims and offenders collectively decide on how to deal with the consequences of the crime and its impact on the future (164). Restorative justice has the aim of fully attending the needs of the victims, not only material and financial, but as well as emotional and social and preventing the possibility of potential re-offending through the integration of young offenders into the community again. Through restorative justice offenders learn how to assume the responsibility for their actions and become the part of the working community. Therefore, victims and offenders are the two major parties of attention. The society tends to reject criminals and it is completely understood – nobody wants to risk and guess whether he/she can become the next victim. For this reason people do not want to associate with those who have problems with the law. Victims are not always willing to share their emotions because of fear to be misunderstood and rejected by the society. Both parties feel being idle in society and restorative justice helps both offenders and victims to become active community members

Counselling, Caring and the Ambulance Service Essay Example for Free

Counselling, Caring and the Ambulance Service Essay Introduction In order to discus counselling and its meaning both generally, and in my workplace, it is necessary to come up with a definition. The dictionary describes it in terms of advice but this interpretation is a traditional one and carries an immediate implication of inequality for those involved. It is a narrow interpretation of the concept when compared to modern attitudes, which usually include a psychological aspect. Nevertheless, the traditional view still bears three of the fundamentals of counselling. These are: * That it involves at least two people, thus constitutes a relationship. * That there is agreement about the nature of the interaction, i.e. it is cooperative. * The aim is to help those involved. According to Stephen Murgatroyd (1990, P.5) counselling is not the sole prerogative of professional counsellors. It is a process that is widely used in within a community, which can take many forms. I have found this particularly true in my own profession. As a Paramedic within the NHS for ten years I have used techniques, which I now recognise as essentials of counselling practice, but have never considered myself a counsellor. Rather a professional who can learn much from the subject. In my workplace I find frequent examples of the more traditional model of counselling, as described by Murgatroyd (1990 P.7) as prescriptive or directive but also of other the facilitative or developmental forms, which seek to encourage patient centred self-actualisation. These I will seek to analyse. I hope to draw out some of the problems involved and discuss ways in which to improve. Counselling, Caring and the Ambulance Service Once upon a time ambulance staff had a clear job specification, or at least their managers liked to believe so. Crews were told their mission was to preserve life and transport to hospital with the minimum of deterioration in the patients well-being. In reality things are not that simple and ambulance staff deal with a myriad of human responses and emotions every day. In the past many of my colleagues thought of counselling as a nebulous concept, which had no place at the cutting age of ambulance work. More attention was paid to physical trauma than emotional. With hindsight we can see that the best ambulance staff were those that used the skills that we now identify and welcome, in a natural and confident way. Usually they were also those that had plenty of experience. Just as my job covers a range of human conditions, so counselling and guidance demands a range of approaches to those being counselled. In my job these can be patients, their friends, relatives, bystanders or other professionals. Also though, it includes my colleagues. I have discussed briefly the nature of counselling, now I would like to examine it in more detail. Nelson-Jones (1983) talks of a distinction between skills and specialism or counselling relationships, whereby counselling is the primary activity, and helping relationships in which counselling skills form part of the helpers relationship with another person. Clearly the latter applies to my own job as well as many others. Our primary role is not that of counsellors but we use some of those skills so as to be effective practitioners. Davis Fallowfield examine four models of psychological theory that have had a major impact on counselling. These are: * Behavioural * Cognitive Behavioural * Person Centred * Psychodynamic Each of these allows us a better understanding of the processes of helping by affording us a different view of the human psyche. In my work I can recognise elements of all the models in patients and colleagues. Rogers, (Person Centred), gives insight into the importance of the conditions necessary to create an effective relationship. Based on humanistic philosophy he espouses the belief that all people have the capacity to achieve self-actualisation, if the basic conditions can be created. Freud, (Psychodynamic) demonstrates the importance of the relationship, the unconscious processes which arise from them and the insight into them in dealing with problems The behaviourist theories espoused by Pavlov, Skinner, Ellis and others, deal with the nature of behaviours learned and observable, and how maladaptive thought processes can be unlearned by the use of cognitive processes. A fifth model, that of Gerard Egan, integrates many of the ideas of the former to create an eclectic model that I believe has particular relevance to my workplace. In The Skilled Helper (1994) Egan incorporates some of Rogers and Maslow`s humanistic ideas in a pragmatic way, to outline some of the counselling skills that we use so much as teachers or carers. As Egans model is concerned with problems other than just psychological it provides a more relevant ethical base for those in teaching or healthcare and has been increasingly embraced by those professions in recent years.(Burnard 1990 P.27) Egan mirrors modern healthcare by treating the patient in an holistic way. He proposes a need for empathy, respect, genuiness and mutual respect. All of these are very necessary to accomplished ambulance staff. The Three-Stage Model Egan uses a three-stage model to outline the helping process. The first stage concentrates on the social skills that I find so important to my job, setting the scene and allowing a warm relationship to flourish through showing genuine empathy. Skills such as body language active listening and attention giving are prerequisites. Communication is established and advanced. Stage two moves the process forward by drawing out themes to allow the subject a new perspective. The subject is gently challenged so as to recognise themes, feelings and experiences. . Building on the previous stages, the third seeks to encourage a creative ambience. Problem solving drawing on points raised, maybe seeking solutions and encouraging the subject to establish a plan of action. The establishment of communication is common to the whole process. This is a massively important. The process may also move backwards or forwards. It is not intended to be prescriptive but rather to draw out the empathetic human qualities that can help. I can recall so many instances where Egans ideas have been used in my workplace that it is hard to select examples. We are often called upon to assess our patients well being in a very short time. Once we have established that avenues of communication are possible, i.e that the patient is able to communicate in a rational way, we embark on a dialogue that seeks to put them at ease, allow them insight and hopefully afford them a feeling that they have some measure of control over the situation. Power thus becomes an important issue. In Davis Fallowfield (P.15) the patient/practitioner relationship is discussed. They state that one of the most common problems encountered is the need for medical staff to take on the role of expert in order to reach conclusive goals. Very often this leads to neglect of the patient as a whole. Sanders (1994) identifies two qualities that he describes as non-counselling. One of them, he describes as being distant and expert. Sometimes, in a medical emergency, this is a necessary quality but creates feelings of guilt. I have often left relatives at the scene of a cardiac arrest at home whilst taking the role of expert and wondered at the emotional carnage that we have just encountered as we speed towards hospital with their loved one. Many times I know that we have not even begun to address their needs. It is certainly easier not to shoulder that sort of emotional involvement, as mentioned by Burnard (P.148), when he talks of the possibility of burnout. But sometimes assuming the role of expert can be used as an excuse to avoid emotional involvement. I believe that in my workplace this is a very common problem and have many times taken issue with colleagues who have deliberately refused to move away from the expert mode and address the patient as a whole person. In one such incident a young female patient was brought by chair into the AE department by a crew. Wheeled into the centre of the busy department she sat hunched, clearly embarrassed, and hiding her face. One of the crew held a large collection of empty pill packets, making it obvious to those who could see that the patient had overdosed. Overdoses are a very common emergency and can bring out negative attitudes from all medical workers. Whilst the patient remained on public view the ambulance man walked up to the nursing station and ritualistically poured the packets onto the desk in an obviously condescending way. The patient began to cry quietly. The behaviour of this colleague incensed me. He had ritualistically humiliated his patient presumably because of his intolerance and judgmentalism and a refusal to see the patient as anything but a manipulator. I believe that the ability to extract necessary information and perform tasks in an empathetic way is not only achievable using Egans techniques, but also vital to patient well-being. During my time in the ambulance service time I have passed through stages that have been identified by Maynard Furlong (1998) as distinct points in development, from early idealism to realism and occasional disenchantment. I have found that after several years a degree of cynicism is a common occupational hazard and is probably to be expected. Staff have to come to terms with what is achievable within the constraints of the job and workplace stress is common. Very often in my workplace I witness a range of abilities in communication. Simple techniques such as positioning, eye contact and general body language can be taught but I am convinced that without a genuine love for ones fellow man these techniques are not convincing. The humanistic approach that I have discussed is not always easy. It is easy to dismiss, especially when staff are tired and demoralised. Judgmental attitudes are commonplace and to some extent inevitable. The ability to rise above these and retain an open mind is something that can be massively affected by peer pressure in a working situation where crews work in twos. Usually one crewmember is senior and the dynamic of the relationship is affected by experience, sex, strength, (psychological and physical), age etc. This can often create an imbalance of power, between crewmates. This particularly affects less experienced younger staff in a workplace where experience is such a valuable commodity. Sometimes staff suffer because of their role as unofficial counsellors. Burnard (1990) talks of the potentially painful relationship between the parties. I believe that prolonged exposure can lead to problems and in my workplace this had lead to the formation of a structure designed to aid the problem. Five years ago the ambulance service started an in-house Staff Support Scheme network, in order to create a pathway to help to reduce the impact of psychological problems. It was thought that staff who had been trained to identify some of the symptoms of psychological or emotional problems were in an excellent position to guide the subject to help in the form of professional counselling. Whilst I wholeheartedly supported the concept and became a member, I had doubts about some of conditions attached, particularly about the principles of confidentiality and supervision. We were trained in debriefing techniques (not as counsellors) by a very experienced professional counsellor. However the trust felt bound to encourage us to disclose not only health safety and legal confidences, but also those that may contravene trust rules. This I felt was unethical and impractical. They also had no formal supervision structure in place and no mechanism for further development. All these factors left the idea profoundly flawed. I continue to serve as a staff support member but refuse to create reports on individuals or to pass on confidences. This is a position that is supported by Nelson-Jones (P.143) who maintains that breaking confidences is a serious breech of ethics. Counselling and helping work colleagues outside the classroom can be a much more intimate affair. Crews routinely spend twelve hours in each others company, often on standby or on station, alone, un-chaperoned and unsupervised. Thus if there are emotional needs and issues the workplace can become extremely intense. Staff obviously have issues themselves, quite apart from the problems they may face with patients and support can be close at hand. But the operational ambulance environment can also become a minefield of ethical limits and the process of helping can be impaired as well as enhanced. Burnard (P.139) discusses the problems of transference and countertransference. In the above-mentioned situation where an inappropriate relationship develops he suggests the transfer of the client to a more senior counsellor. Although the obvious solution, this is not always possible and it is obvious that problems will continue to occur. Development The back of an ambulance is no respecter of class and ambulance work can be a great leveller. As a developing teacher of ambulance staff I am in the privileged position of teaching those who I believe are routinely placed in a position of power and privilege that can be used or abused. I believe a major part of my teaching role is to encourage the use of the humanistic approach, and to encourage students to reflect on their own attitudes and judgements in order to allow them to better use the skills described by Egan and the key aspects required as described by Carl Rogers in Kischenbaum Henderson, (1989). The humanistic approach is already practised in my workplace and has been by the more experienced staff for years. Even though they did not attach labels to their skills they were using the humanistic approach espoused by Egan, Rogers and others. In the emergency care setting they have honed these skills to bring benefit to their patients as quickly as possible. It remains a joy to watch I see my future role as that of a champion for the humanistic approach, by my actions and my teaching methods. As more demands continue to be heaped on staff this may become more difficult. We are in danger of becoming more concerned with the product than the process. Bibliography Murgatroyd. S (1985) Counselling and Helping. Haworth Press Nelson-Jones.R (1997) Practical Counselling and Helping Skills. Cassell Davis.H and Fallowfield.L (1993) Counselling and Communication in Health Care Wiley Sons Burnard.P (1990) Counselling Skills For Health Professionals Chapman Hall Borck.L and Fawcet. S (1982) Learning Counselling and Problem Solving Skills. Haworth Press Kirchenbaum Henderson (1989) The Carl Rogers Dialogues (From Course Handout)

The Unbiased Predictors Of Future Spot Rates Finance Essay

The Unbiased Predictors Of Future Spot Rates Finance Essay Market efficiency is a concept that is controversial and attracts strong views, pros and cons, partly because of differences between individuals about what it really means and partly because it is a core belief that, in large part, determines how an investor approaches investing. This report provides a simple definition of market efficiency considers the implication of an efficient market for investors and summarizes some of the basic approaches that are used to investment schemes, thereby proving or disproving market efficiency. Besides this, in this report I am going to examine whether the forward exchange rates are unbiased predictors of future spot rates or not. As foreign exchange markets are composed of various theories and internationally accepted principles there are no consensus about the theories and implications. Efficient market Levich (1983) defines an efficient market as a market, where prices fully reflects all available public and private information. Efficient market is the market in which the security prices reflect all available information and adjust instantly to any new information. It therefore means that the market is efficient when forward rates accurately forecasts future spot rates. Salavatore (1993) argues that markets are efficient when prices correctly reflect the scarcity of the various resources resulting in allocation efficiency. Efficiency therefore, will also mean that economic agents will not be able to earn unusual profits by exploiting the available information. The history of efficient market hypothesis could be traced back at least to the 1920s. In modern times Fama (1970) is credited as presenting a scholarly abstraction of efficient market hypothesis (EMH). According to his definition, there are three types of efficient market, depending upon the extent of the information reflected in the market: Weak form: a market is said to be weak-form efficient if there is no relationship between the past price changes and the future price changes, in short the prices are independent. No trading rules can be developed to make abnormal returns based on the past history of an assets prices or returns. Semi-strong form: semi-strong form EMH states that no abnormal profits or returns can be made by developing a trading rule based on publically available information. The semi-strong from encompasses the weak form because past history is publically available. Public information also includes non-market information, e.g. economic news, company accounts and stock splits. Strong form: In a strong efficient market not only public but also private information is available which can tell about future spot rates. Therefore no group of investors will be able to consistently derive any above-average profits. So the strong form states that the market should be perfect in which all the information is available to everyone at the same time. Efficient market hypothesis The efficient market hypothesis (EMH) has played an important role in understanding foreign exchange market efficiency especially in the past few decades. It states that if economic agents are risk-neutral; all available information is used rationally; the market is competitive; there are no taxes, transaction costs, or other frictions; then the foreign exchange market will be efficient in the sense that the expected rate of return to speculation in the forward exchange market will be zero (Geweke and Feige, 1979 and Hansan and Hodrick, 1980). The EMH also implies that since forward rates fully reflect available information concerning investors expectations of future spot rates, the forward rates should be unbiased forecasts of the future spot rates. Technically, an efficient market is one in which observed exchange rate deviations from their long run value can be explained within information and transaction costs. So, in the absence of any new and relevant information, exchange rate s will reflect their fundamental values and there will be no opportunities for deriving above-average profits. Thus excess profit or return from business can be defined as: Zj, tâ‚ ¬Ã‚ «1 rj, tâ‚ ¬Ã‚ «1 E (rj, tâ‚ ¬Ã‚ «1 It) â‚ ¬Ã‚ ½Ã¢â€š ¬Ã‚  Ã¢â€š ¬Ã‚  Ã¢â€š ¬Ã‚ ­Ã¢â€š ¬Ã‚   (1) Where rj, t+1 is the actual one period rate of return for holding currency j in the period ending at time t+1 and E (rj, t+1|It) is the expected value of that return conditional on the information set available at t. according to equation the foreign exchange market is efficient if, on average, expectation errors are zero. [E (zj, t+1|It) =0] and these errors follow no pattern that might be exploited to produce profits (zj, t is uncorrelated with zj, k+1 for any value of k). . Implications of EMH in exchange rates In the case of exchange rates, a serious complication exists in the application of the EMH. At one time, it was assumed that the forward exchange rate represented the markets expectation of the actual future value of the exchange rate. However, it is now realized that this need not be the case if risk aversion is a significant factor limiting international capital flows. Alternative theories about the causes of the bias in the forward rate are surveyed by Froot and Thaler (1990). A necessary arithmetic relation exists between the forward rate and the interest differential. For example, if the Canadian interest rate is 1 percentage point higher than its U.S. counterpart, then the one year forward rate for the Canadian dollar must represent a 1 percent depreciation of the Canadian dollar vis-a-vis the U.S. dollar. This is called covered interest arbitrage, and if it did not hold then an opportunity would be available to make a riskless excess profit by lending in one country or the oth er. The forward rate is the mirror image of the interest rate differential that prevails between Canada and the United States, and in principle either one of the could be the cause of the other. If the forward rate were the markets actual expectation of the future value of the spot exchange rate, it would imply that interest rate differentials are determined by the expected change in the exchange rate embodied in the forward rate. In that case, Canada could have a higher interest rate than the United States only because the market expected the Canadian dollar to decline correspondingly in the coming year. To sum up, two alternatives are possible as to what the actual market expectation of the dollars future value is. Suppose the spot rate is 80 cents, the one-year forward rate is 77 cents, and the Canadian one-year interest rate is 3 percentage points higher than its U.S. counterpart. This could mean either: The market expects that the Canadian dollar will decline 3 percent over the coming year, and this is why money does not continue to flood into Canada until it eliminates the interest differential. (This would imply that the forward rate is the EMH predictor of the one-year-ahead exchange rate, because it always shows a 3 percent depreciation when the Canadian interest rate is 3 percentage points higher). Alternatively, the market expects the exchange rate to stay about where it is now. In that case, why doesnt an infinite amount of money flood into Canada to eliminate that wide interest differential? Because, while the central expectation is that the Canadian dollar will remain unchanged, there is a perceived risk that it might depreciate as much as, perhaps, 10 percent, and it may also appreciate 10 percent. But if investors are risk averse, they will put greater weight on the risk of depreciation, and limit their investments in Canada at such a point that the Canadian interest rate remains well above the U.S. interest rates. Either one of these alternatives is possible. Therefore, EMH does not make any clear prediction about what the future value of the dollar will be. Forward exchange rates are unbiased predictors of future spot rates Forward rate is the currently determined rate of exchange for a transaction to be carried out in the future. For example, the 90-day forward rate is the exchange rate to be applied to a transaction which is agreed to be completed at the end of 90 days from the date of agreement. The spot exchange rate prevailing in the market at the end of the 90-day period may be referred as the future spot rate. To find whether forward rate can be used to predict the future spot rate or not, there is a hypothesis, which postulates that the forward exchange rates are unbiased predictors of future spot rates in the exchange market. Technically speaking, an unbiased predictor is one that is just likely to overestimate as to underestimate a value, but these errors in the opposite directions are likely to offset each other in the long run. As discussed above this hypothesis is based on the assumption that for the major free floating currencies, the foreign exchange markets are reasonably efficient. Let us discuss this in light of an example: The 30-day forward rate of British Pounds is $1.40 and the general expectation of speculation is that the future rate of pound will be $1.45 in 30 days. Since speculator expect the future spot rate to be $1.45 and then sell them when received (in 30 days) at the spot rate existing then. If their forecast is correct, they will earn $.05 per pound, i.e. $1.45 $1.40. If a large number of speculators implement this strategy, the substantial forward purchases of pounds will cause the forward rate to increase until the speculative demand stops. Perhaps this demand will terminate when the forward rate reaches $1.45, since at this rate no profit will be expected by implementing the strategy. Thus the forward rate moves toward the markets general expectation of the future spot rate. In this sense the forward rate serves as the market based forecast of predictor of the future spot rate, as it reflects the markets expectation of the spot rate at the end of the forward horizon (30 days in this case). It can also be implied, If todays expectation of future exchange rate is unbiased, and if the forward and future prices equal that expectation, we would find that todays forward, on an average and in the long run equal the subsequently observed spot exchange rate. Thus there are two things to be considered: first, does the forward price equal the markets expectation of the future exchange rate? Second, is todays expectation of the future spot exchange rate unbiased? That is, does todays expectation of the future spot exchange rate equal the actual observed rate? Unfortunately, there is no truly accurate way to observe todays market expectation of future exchange rates. Therefore, most tests assume that the market expectation is an unbiased estimate of future spot exchange rate. Under this assumption scholars have tested the relationship between the forward and observed spot rate. They test the following equivalence: F0, t = St à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦ (1) Where, F0, t = the forward price at t=0 for contract expiring at time t and St = the spot exchange rate observed at time t. Testing the equivalence in above equation determines whether the forward price is a good estimate of the future spot rate of exchange. Even if there are large deviations between the two prices in equation, it is still possible that the forward price would provide a prediction of the future spot rate. An unbiased predictor is a predictor whose expected value equals the variable being predicted. In other words, if the quantity F0, t St equals zero, on average, the forward prices would provide an unbiased estimate of the future spot rate of exchange. Although the forward rates are predictors of future spot rates, but only in the condition of risk-neutrality. If risk neutral spectaculars are available in sufficient quantity, their profit-seeking activity will drive the future prices toward equality with the expected future spot price. And there are many factors which affect the future spot exchange rates like interest rates, inflation rates and price levels. So, the linkages among interest rates, price levels, expected inflation and exchange rates emphasizes the fundamental relationship that exists between the forward and future foreign exchange prices, on the one hand, and the expected future value of the currencies, on the other. To investigate this relationship let us consider the table shown in appendix. It can be seen that in the left panel, a set of consistent exchange rates, interest rates, expected inflation rates and tortilla prices are presented for March 20, 2009. The right panel presents the expected spot exchange rate for March 20, 2010, along with expected tortilla prices, consistent with the expected levels of inflation in Mexico and United States. Assuming, all of these values hold and that the expected spot exchange rate in one year is MP 11 per dollar. With the Mar, 2010 future prices of 10.45 MP/$, a speculative opportunity exists as follows. A speculator might buy futures contract for the delivery of dollars in one year for MP 10.45/$. If the expectation that the dollar will be worth MP 11 in one year, will be correct, the speculator will earn a profit that results from acquiring a dollar via the futures market for MP10.45 and selling it for the price of MP 11. If we assume that risk-neutral speculators are present in the foreign exchange market, the discrepancy betwe en the future prices of 10.45 MP/$ and an expected spot exchange rate of 11 MP/$ (at the time the future contract matures) cannot exist. In fact, given a profusion of risk-neutral speculators, the only expected spot exchange rate to prevail on March 20, 2010, which would eliminate the incentive to speculate, would be 10.45 MP/$. Of course, different market participants have different expectations regarding inflation rates and expected future spot exchange rates, and this difference in expectations is the necessary requirement for speculation. No predictor is perfect; therefore, it is possible that the forward or future prices may seem to be error-ridden. While earlier studies generally found that forward exchange prices are were predictors of future spot rates, later studies clearly find bias and large errors in the future forecasts of subsequent spot prices. In summary, the errors in forecasts of future exchange rates appear to be large and biases do seem to exist in these forecasts, although the biases appear to be too small to allow profitable exploitation of efficient markets. Conclusion: Famas 1965 insight- Efficient Market Hypothesis (EMH) irreversibly changed the way we look at financial markets. The impact of the theory of efficient markets has proven to be durable and seems likely to continue to be so, despite its inevitable and painfully obvious limitations. And there have been a number of studies of the forecasting accuracy of future and forward exchange rates. Most of these studies find significant errors or biases in the future based forecasts. However, compared with most professional forecasting services, the forward exchange rates still provides a superior forecast of future spot rates. Only if the investors are risk-neutral, then the forward rates may be a guide for predicting and determining the future spot rate. But normally, the investors are risk- averse and they need some amount of premium over and above the forward rate and because of this premium the forward rate alone cannot shape the future spot rate. References: Aggarwal, R., Mohanty, K.S. Lin, T.W. (2008). Are forward exchange rates rational forecast of future spot rates? An improved econometric analysis for the major currencies. Multinational finance journal. 20 (2), pp-22-25. Ball, R. (2009). The global financial crises and the efficient market hypothesis: what have we learned? Journal of applied corporate finance, forthcoming. November, 5. Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1502815 Accessed at: 1st May, 2010 Buser, A.S., Karolyi, A.G. Sanders, B.A. (1996). Adjusted forward rates as predictors of future spot rates. April, 1996. Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=40165 Accessed at: 3rd May, 2010 Fama, E. (1970). Efficient capital markets: A review of theory and empirical work. Journal of finance, 25, pp- 383-417. Froot, Kenneth A   Thaler, Richard H,  1990. Foreign Exchange, Journal of Economic Perspectives, American Economic Association, vol. 4(3), pages 179-92 Geweke, J. Feige, E. (1979). some joint test of efficiency of markets for forward foreign exchange, review of economics and statistics, 61, 334-41 Hansen, L.P. Hodricks, R.J. (1980). Forward exchange rates as optimal predictors of future spot rates: An economic analysis, Journal of political economy, 88, 829-53. Kolb, W.R. Overdahl, A.J. (2007). Futures, options and swaps (5th Eds). Oxford: Blackwell publishing. Kumar, V.R. (2007). Testing forward rate unbiasedness in India: an econometric analysis of Indo-US forex market. International research journal of finance and economics, 12(4), pp 56-66. Levich, R.M. (1983). Exchange rate forecasting techniques, in George, A.M and Giddy, I.H. (Eds). International finance handbook. New York: Wiley. Nguyen, J. (2004). The efficient market hypothesis: Is it applicable to the foreign exchange market? Economics working paper series. University of Wollongong. Available at: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012181.pdf Accessed at: 30th April, 2010 Salvatore, D. (1993). International economics. New York: Mac Millan Publishing. Sarno, L. Taylor, P.M. (2002). The economics of exchange rates. Cambridge: Cambridge university press. Sharan, V. (2009). International financial management (5th Eds). New Delhi: PHI. Stanley, M. (2009). Market efficiency and risk management. The journal of applied corporate finance, 21(4), pp- 98-99.

Project management principles

Project management principles Introduction of project management Project management is a planned and structured effort to achieve an objective or is the process of managing, allocating, and timing available resources to achieve the desired goal of a project in an efficient and expedient manner, for example, creating a new system or constructing a project. Project management is widely recognized as a practical way of ensuring that projects meet objectives and products are delivered on time, within budget and to correct quality specification, while at the same time controlling or maintaining the scope of the project at the correct level. Project management includes developing a project plan, which includes defining and confirming the project goals and objectives, identifying tasks and how goals will be achieved, quantifying the resources needed, and determining budgets and timelines for completion. It also includes managing the implementation of the project plan, along with operating regular controls to ensure that there is accurate and objective information on performance relative to the plan, and the mechanisms to implement recovery actions where necessary. Projects usually follow major phases or stages (with various titles for these), including feasibility, definition, project planning, implementation, evaluation and support/maintenance History Project management has been practiced since the early civilization. Until 1900 civil engineering projects were generally managed by creative architects and engineers by their selves, among those for example Christopher Wren (1632-1723) , Thomas Telford (1757-1834) and Isambard Kingdom Brunel (1806-1859) It has been since the 1950s, that organizations started applying systemic project management tools and techniques to complex projects. Henry Gantt (1861-1919), the father of planning and control techniques. As a discipline, Project Management developed from diverse fields of application including construction, engineering and defense. In the United States, the two forefathers of project management are Henry Gantt, called the father of planning and control techniques, who is famously acknowledged for his use of the Gantt chart as a project management tool, and Henri Fayol for his creation of the 5 management functions, which form the basis for the body of knowledge related with project and program management. Both Gantt and Fayol were known as being students of Frederick Winslow Taylors theories of scientific management. His work is the forerunner to modern project management tools including work breakdown structure (WBS) and resource allocation. Principles of project management The Success Principle The main goal of project management is to create a successful product. Without making a successful product there is no good point in incurring the project Management overhead cost. opposing to conventional wisdom, there have been many Projects that have been â€Å"On time and within budget† but the product has not been successful, and similarly many that have not been â€Å"On time and within budget† yet the product has been very successful. The Commitment Principle A mutually acceptable assurance between a project sponsor and a project team must exist before a viable project exists. A project sponsor is a knowledgeable person in place of the eventual owner of the product of the project and who is responsible for providing the necessary resources (money, goods, services, and general direction, as appropriate.) A project team is a knowledgeable and qualified group capable and willing to undertake the work of the project. A mutually acceptable assurance is one in which there is agreement on the goals and objectives of the project in terms of the products scope, quality grade, time to completion and final cost. The Tetrad-Tradeoff Principle The core variables of the project management process, namely: product scope, quality grade, time-to-produce and cost-to-complete must all be mutually consistent. The core variables of scope, quality, time and cost are interrelated rather similar to a four-cornered frame with flexible joints. One corner can be anchored and another moved, but not without affecting the other two. The Primary Communication Channel (or Unity-of-Command) Principle A single channel of communication must exist between the project sponsor and the project team leader for all decisions affecting the result of the project. This principle is essential for the effective and efficient administration of the project Commitment. The owner of the eventual product, if represented by more than one Person, must nevertheless speak with one voice. Similarly, at any given time, the projects team must have a single point of responsibility, a project manager, for the work of the project. Such person must have the skills, experience, dedication, commitment, authority and tenacity to lead the project to success. The Cultural Environment (or Suitability) Principle An informed management must provide a helpful cultural environment to enable the Project team to produce its best work. An informed management is one which understands the project management process. A supportive cultural environment is one in which the project is clearly backed by management, and plan team members are enabled to produce their best work without unnecessary bureaucratic hindrance. This rule includes the need for management to ensure that the leadership profile and management style are suited to both the type of project and its phase in the project life-cycle. The Process Principle Effective and efficient policies and procedures must be in place for the conduct of the project commitment. Such policies and procedures must cover, at a minimum, clear roles and responsibilities, delegation of authority, and processes for managing the scope of work, including changes, maintenance of quality, and schedule and cost control. The Life-Cycle Principle Plan first, then do. A successful project management process relies on two activities planning first, and then doing. These two sequential activities form the basis of every project life-cycle, and can be expanded to suit the control requirements of every type of project in every area of project management application. The project life-cycle, characterized by a series of ‘milestones determines when the project starts, the ‘control gates through which it must pass, and when the project is finished. Appraise the viability of projects and develop success/failure criteria Introduction There are a few factors to consider before any actual projects begin. The project developers must contain steps or project phases, most importantly, the original concept must be determined, and so as feasibility study, business plan, risk assessment, public enquiry, permission, organization, planning, design, procurement, fulfillment, test, handover, economic life. Project managers has the task of monitoring projects to be guided into a success, unfortunately, there are some projects that were not completed on time, over budget or being canceled in the process of building it. In general, there are common reasons that are usually found for project failures, these are a few reasons: lack of user involvement, incorrect planning or lack of planning, incomplete requirements, lack of resources, incorrect estimations. According to the 1994 Standish CHAOS statement there are top 10 factors found in successful projects. These factors are listed in Table below Project success factors Project Success Factors % of Responses User Involvement 15.9% Executive Management Support 13.9% Clear Statement of Requirements 13.0% Proper Planning 9.6% Realistic Expectations 8.2% Smaller Project Milestones 7.7% Competent Staff 7.2% Ownership 5.3% Clear Vision and Objectives 2.9% Hard-Working, Focused Staff 2.4% Some factors that contributed to project will be discussed below: User Involvement †¢ One of the key to success in a project is user involvement, without the users involvement, it may cause of failure to the entire project. Even if the project was delivered on time, and on budget, a project has a high rate of failing if the project does not meet users needs. -Executive Management Support †¢ This influences the process and progress of a Project and lack of executive input can put a project at a severe disadvantage. -Clear Statement of Requirements -Proper Planning †¢ Proper planning is one of the most important parts of developing a project, having improper planning of the project may cause a severe disadvantage to the project and result to a failure. -Realistic Expectations †¢ Expectations of the project development outcome must be rational. If expectations in developing a project are not accurate, it may cause to a failure in building the project itself. -Smaller Project Milestones †¢ One of the things to be needed for a complete success of a project is completing smaller project millstones, the small details of a project should not be disregarded for it may result to a minor failure. If these smaller milestones are not being achieved, it may cause a major problem in the completion of the project. -Competent Staff †¢ Staff members play the biggest role in a project development, without the proper knowledge or skill of a staff member may cause a poor outcome to a development of a project. Staff members should be proper trained and have the proper experience before getting involved with the task that they will be handling during the project development. -Ownership -Clear Vision and Objectives -Hard working †¢ Every staff of person that is involved in a project development must be passionate and responsible in achieving objectives. Uncommitted staff members may cause a improper outcome in the building process First of all Figure out what business you are in, and then mind your own business. Figure out what business you are in. Make sure your business is viable. Select projects that are good for your business. Understand the business value in your project and watch for changes. Be diligent in your chosen business, learning and applying best practices. Define what is inside and outside your area of responsibility. 50% of project management is simply paying attention. Understand the customers requirements and put them under version control. Thoroughly understand and document the customers requirements, obtain customer agreement in writing, and put requirements documents under version identification and change control. Requirements management is the leading success factor for systems development projects. Prepare a reasonable plan. Prepare a plan that defines the scope, schedule, cost, and approach for a reasonable project. Involve task owners in developing plans and estimates, to ensure feasibility and buy-in. If your plan is just barely possible at the outset, you do not have a reasonable plan. Use a work breakdown structure to provide coherence and completeness to minimize unplanned work. Build a good team with clear ownership. Get good people and trust them. Establish clear ownership of well-defined tasks; ensure they have tools and training needed; and provide timely feedback. Track against a staffing plan. Emphasize open communications. Create an environment in which team dynamics can gel. Move misfits out. Lead the team. Track project status and give it wide visibility. Track progress and conduct frequent reviews. Provide wide visibility and communications of team progress, assumptions, and issues. Conduct methodical reviews of management and technical topics to help manage customer expectations, improve quality, and identify problems before they get out of hand. Trust your indicators. This is part of paying attention. Use Baseline Controls. Establish baselines for the product using configuration management and for the project using cost and schedule baseline tracking. Manage changes deliberately. Use measurements to baseline problem areas and then track progress quantitatively towards solutions. Write Important Stuff Down, Share it, and Save it. If it hasnt been written down, it didnt happen. Document requirements, plans, procedures, and evolving designs. Documenting thoughts allows them to evolve and improve. Without documentation it is impossible to have baseline controls, reliable communications, or a repeatable process. Record all important agreements and decisions, along with supporting rationale, as they may resurface later. If it hasnt been tested, it doesnt work. If this isnt absolutely true, it is certainly a good working assumption for project work. Develop test cases early to help with understanding and verification of the requirements. Use early testing to verify critical items and reduce technical risks. Testing is a profession; take it seriously. Ensure Customer Satisfaction. Keep the customers real needs and requirements continuously in view. Undetected changes in customer requirements or not focusing the project on the customers business needs are sure paths to project failure. Plan early for adequate customer support products. Be relentlessly pro-active. Take initiative and be relentlessly proactive in applying these principles and identifying and solving problems as they arise. Project problems usually get worse over time. Periodically address project risks and confront them openly. Attack problems, and leave no stone unturned. Fight any tendency to freeze into day-to-day tasks, like a deer caught in the headlights. http://www.hyperthot.com/pm_princ.htm http://www.thelazyprojectmanager.com/

Smith Quotes :: essays papers

Smith Quotes Monopoly...is a great enemy to good management. The Wealth of Nations, Book I Chapter XI Part I p148 The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price. The Wealth of Nations, , Book I, Chapter VII, p63 The price of monopoly is upon every occasion the highest which can be got. The Wealth of Nations, , Book I, Chapter VII, p63 People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary. A regulation which obliges all those of the same trade in a particular town to enter their names and places of abode in a public register, facilitates such assemblies... A regulation which enables those of the same trade to tax themselves in order to provide for their poor, their sick, their widows, and orphans, by giving them a common interest to manage, renders such assemblies necessary. An incorporation not only renders them necessary, but makes the act of the majority binding upon the whole. The Wealth of Nations, , Book I, Chapter X, p130 To widen the market and to narrow the competition is always the interest of the dealers... The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted, till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to opprress the public, and who accordingly have, upon many occasions, both deceived and oppressed it. The Wealth of Nations, p267 On competition: The natural price, or the price of free competition...is the lowest which can be taken, not upon every occasion indeed, but for any considerable time together.

An Analysis of Das Boot Essay -- Das Boot Essays

What is it that makes the film, "Das Boot", stand out in the plethora of war movies? Why was this film, with subtitles and about German World War 2 soldiers, popular enough in America to earn six Academy Award nominations? One possible answer is the characters. Like so many other epics, the sensation of viewing pleasure goes beyond the intense plot and into the intricacy and intimacy of the building blocks of every story: the characters. Director Wolfgang Petersen's mastery is in bringing the viewer into that unfortunate submarine, makes everyone a participant in the horror as one of the characters, creating the feeling of no escape. Then, once Petersen has the viewer "in" the submarine, he presents us with a duality in character type; there are men determined to salvage the mission and thwart disaster, as well as others who are helpless in helping their comrades, doomed to be insufficient and bothersome. Once Petersen has portrayed this conflict, it is easy to see how the level of tension is so high in the submarine. The film begins with the submarine crew drunk and jovial, attempting to enjoy their final moments before their departure. Knowing that the odds of returning alive are minimal, the men appear to throwing their intuition to the stars as they frolic foolishly and even tastelessly. Petersen is presenting the viewer with a group of rowdy boys full of life and indifferent to their future, in stark contrast with the men who arrive at the Mediterranean port later in the film. At this moment, all the men are equals, ready to confront the sea and serve their country. While in the submarine, the nature of these men changes. No longer are they a homogeneous group; rather a number of... ... thing he does like his attentiveness to Hitler's speeches, his meticulous eating habits, and promenading in his Nazi attire, all annoy the crew. His very presence is a distraction to a crew that needs total focus. Although he appears as diligent as the others, his style is different, his attitude is too unnecessary, and his demeanor is too inappropriate for the submarine. This duality is a large component of the tension that resides in the boat. Peterson seems to be making a contrast he to encourage the already mounting tension. Combine this with the life-death aspect of the mission and incredible stress is inevitable. It is a ship mostly full of ardorous men, but the few who don't fit are harpoons in the ship's side. Pederson's film is quite intense and it has to be said that this duality in character portrayal enhances this aspect of the movie.

Othello by Shakespeare Essay

This is the beauty of great works of art in any of its forms; humanity does not change. Throughout time, we still and always will appreciate the things that stir our emotions: love, honour, betrayal, courage, sorrow, death. Are you familiar with Shakespeare’s gripping tale of â€Å"Othello†? If so, here is your opportunity to become re-acquainted with this masterpiece while enjoying exceptional acting, adept cinematography and the absorbing tragic tale true to its origin. If you are unfamiliar with the tale, prepare yourself for many mind-blowing twists and turns at the hands and lips of the master evil conniver, Iago. The Plot†¦ Very Simplified: Othello, a respected Army General, secretly marries Desdemona, much to the envy of his friend, Iago. Iago, motivated by jealousy and complete lack of compassion toward others, has â€Å"hatred & jealousy† to motivate his every move†¦ and evil-doings at the mercy of a brilliant manipulator and ruthless rogue means tremendous trouble and sorrow for all. But I get ahead of myself. To begin, Iago awakens Desdemona’s Father with the news of the clandestine joining: â€Å"A dark ram is topping your white ewe†¦. â€Å"Ah! Shakespeare! Desdemona is a lovely and gentle young woman with more than her share of admirers ~ not only Othello, whom she dearly loves, but Iago, who covets her. Others prove to be the tools that Iago manipulates to bring an end to the newlywed’s happiness. With ploys too intricate and devious for most minds to conceive, and certainly too involved for me to detail here, Iago begins his clever and destructive scheme to undermine the couple’s union. As Iago says, â€Å"There are many events in the womb of time†¦ which will be delivered†. Iago manipulates people and events to cast suspicion on Desdemona and make it appear as though she may be having an affair. He uses her own loving spirit and good nature against her: â€Å"I shall turn her goodness into pitch and out of her own goodness make the net that shall unmesh them all†, confesses Iago to the viewing audience! By inference and the planting of false evidence, Iago successfully raises suspicion of a love triangle to Othello. Othello is successfully becoming undone by seeds of suspicion. The plot thickens. And it weaves and bobs and twists and turns and takes us on a delicious yet unsettling serpentine chase through treachery and trickery. This is Shakespeare, after all – a master storyteller! But †¦. what about the production? Is a modern filming of Shakespeare for everyone’s taste? Clearly, no. The Language True to the Bard’s original, â€Å"Othello’s† dialogue comes from the pages of Shakespeare’s work. And it is difficult†¦ at first. The heightened speech of the day is not we are accustom to: there are no short cuts taken – characters express themselves at great length and with great eloquence and wit. And one cannot deny the beauty of the language – delicate even when being bold; polite, even when being brusque. But don’t be prematurely put off by this. Bear with it a short time and it pays off. If you make it past the first five minutes, you may eventually become comfortable, as the rhythm starts to become internalized and soon begins to sound quite accessible. Despite the initial difficulties in comprehension, I became rapt in the plot and the intense concentration required proved to my benefit , as I became completely involved in the drama. The Acting To compliment the language, the acting proves impeccable and indispensable! The characters lend vibrant facial expressions that betray their motives and emotions. In fact, one can say that in any modern version of Shakespeare, average audiences must rely heavily on other cues – like facial expressions and actions, to bring greater understanding to the rapidly moving dialogue and storyline. This version is a great success! I have never been more impressed with Laurence Fishburne’s acting than in this film. In this challenging production, he demonstrated his considerable skill. But Kenneth Branagh , as Iago, was the real scene stealer! Few can do â€Å"ruthless† like Branagh! And, though the role seemed to require less energy and scope, Irene Jacob was convincingly the sweet and gentle Desdemona. The love between Othello and Desdemona is demonstrated so clearly, so unmistakably, that as a viewer, I was angered by Iago’s attempts to destroy it. A good film makes you care! This is a good film! I cared about Desdemona; I was abhorred at Othello’s stupidity for believing the trap set by Iago. It was horrible to watch the jubilant happiness of the new lovers become undone. The perception of the heartbreak to come was intense. I detested Iago for his ruthlessness and hatefulness! All the emotions audiences felt so long ago – they still exist today. What Else? There a couple of scenes that were unusual – when Iago speaks to the camera – to the audience-and I suppose this might have been originally a soliloquy. But they seem very out of place. All of a sudden I was jolted out of my â€Å"suspension of disbelief† and cosiness of the play, by the intrusion of a personal message from one of the actors! On the other hand, Iago, though a cruel character, is a treat to watch as he spins his webs of deception then glances knowingly at the camera. This is one of Branagh’s most inspired roles! Although it has been many years since I read â€Å"Othello†, the film seems to remain true to its original while benefiting from new technology and artistic perceptions. It is a commendation to William Shakespeare (though he doesn’t need it from me) as well as the Director and actors who moved the production from â€Å"theatre in the round† to â€Å"Castle Rock Productions†. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Miscellaneous section.

Mission & Vision Essay

Statement is a drawing description of the higher goals of an organization. Its character is to improve the cohesion and coherence of an organization.Examples1) Wal-Mart Stores To garter raft save m wizy so they can live better.2) Metro To sire together people and products in only corners of the globe.3) Tesco To create value for our customers to earn their spirit loyalty.4) Gazprom To ensure an efficient and balanced muff supply to consumers in the Russian confederacy and full l its long-term contracts on gas export at a high level of reliability.5) EDF To bring sustainable energy solutions home to eitherone.6) Daimler To produce cars and trucks that people will want to corrupt, will admire driving and will want to buy again.7) Honda To seek technology that helps realize dependable peace and hapiness on earth.8) Google To organize the universes information and make it universally accessible and useful. peckA Vision Statement outlines what the organization wants to be, or how it wants the innovation in which it operates to be. It concentrates on the future.Examples1. Wal-Mart Stores To become the worldwide leader in retailing.2. Metro To stick in through cooperation.3. Sony To have the world reflection to Sony for comprehensive entertainment.4. Samsung To lead the digital point of intersection movement.5. BMW To be the most successful tribute manufacturer in the industry.6. IBM To be first-and-foremost on any new enterprise entropy centre migration shortlist.7. Deutsche Post To remain founder Post fur Deutschland as rise as the logistics company for the world.8. Starbucks To inspire and conjure up the human spirit one person, one cup, and one neighborhood at a time.9. Nike To bring inspiration and innovation to every athlete in the world. If you have a body, you are an athlete.

Authoritarianism of Taiwanese Government

According to Thomas Gold chinaware offers a text book case of an elite-led change leading to social transformation. The stability of hard absolutism of the Formosan government laid the groundwork for main buck Chinaese development. The KMTs cohesiveness and political domination plus the economic development aid supplied by the United States also helped to provide good conditions for chinawareese harvest-home in the beginning. Once the KMT gained control of mainland China they redistributed the democracy and launched a program of rehabilitation and industrial enterprise.This accomplishment was accountable for the nationalization of numerous businesses formerly experienceed by the Japanese and the start of industrial production in Taiwan marked by a peddle away from agriculture to industry. During the early period of industrialization Taiwan tried to create domestic markets for its goods. During the period from 1960 to 1973 Taiwan pursued merchandise expansion in the ar ea of industrial goods. During this period U. S. aid enjoin at Taiwan declined as did the islands geopolitical significance.To cite up for this decline Taiwan focused on increasing its exports. The rowth of the Taiwanese providence during this period correspond to Gold laid the ground work for the harvest- epoch of opposition movements and loosening of the KMTS grip on power. According to Gold this was because the changes in the Taiwanese economy brought about a middle class, a fall in educated populace, and a dispersion of industry through and through out the country. The Period from 1973 to 1984 Gold calls the time of industrial upgrading and the emergence of a political opposition.During this period Taiwan faced the oil shock, and increase in export prices due to a labor shortage that treble workers alaries, a further loss of geopolitical prestige, and the growth of dissent and political opposition. Taiwan industrially during this time improved the quality and quantity of its exports. The Taiwan industrial gravel was that of a elite run bureaucracy that tightly controlled its nations citizenry in disdainful ways. This authoritarian government was able to effectively channel the energies of Taiwan toward modernization.This authoritarian government became a victim of its own success because as living and education standards pink wine the citizenry demanded a shift Taiwan is not a very good industrialization model for otherwise countries to use outside of East Asia. This is because many of the factors that allowed Taiwanese industrialization were unique to Taiwan. First, Taiwan was colonise before 1950 by a developmentalist power, Japan to which is had soused ties even after 1950.Second, Taiwan was the recipient of financial aid during its critical early years because of a inter-core competition for hegemony between China and the United States. Third, Taiwan benefited by having a implacable foe with a very different vision of development. Fourth , Taiwan was accustomed breathing space following 1949, this enabled Taiwan to invigorate production and consolidate power without foreign powers interfering. entirely these factor make Taiwan unique from other nations that would try to assume it.One of the elements that nations should not copy from the Taiwan Model according to Gold is Taiwans approximative authoritarian government which was much too stringently authoritarian and had a hard time ever-changing as the attitudes of the Taiwanese people changed. (Golds book was promulgated years before the 1996 democratic elections n Taiwan) yet Gold does say that Taiwans development model does invite some lessons that could be copied in other nations desire to industrialize.These are a official commitment to development, land redistribution, fostering of agriculture, creation of extra-ministerial ministries to guide development, strategic belief allocation, collection and efficient management of data concerning the economy, investment in infrastructure and human capital, and proper allocation of foreign assistance. Taiwans development model was a combination of an orwellian state and effective ways of industrializing.

Assigning Evaluation and Management Essay

several(prenominal)(prenominal) assigning paygrade and attention (E/M) Codes1. initial computer address for a 78-year-old cleaning lady with unexplained charge loss, group AB pain, and rectal bleeding. worldwide level and interrogative performed.99205This taradiddle and interrogative sentence were all-encompassing and dealt with several remains systems, so 99205 is the soften E/M reckon to sub part. 2. 30-year-old tolerant presents kvetch of flu-like symptoms characterized by continuous cough, fistulous withers pain, and dull nasal discharge. interrogatory reveals bronchitis and sinus infection. uncomplaining is positively charged a five-day crinkle of Zithromax.99202The end does not set whether the affected role was a b atomic number 18-assed or an open up forbearing. Without this knowledge, I would use the computer reckon 99202. 3. schematic unhurried on atomic number 3 presents for system bank line drill to monitor lizard sanative levels and kidney function. nanny-goat reviews the results and advises the enduring role that tests are design and no switch in window pane is indicated.99211This long-suffering is an alive affected role with an naturalised history, so 99211 is the neat E/M code to use. 4. 62-year-old diabetic effeminate presents for check-up and stuffing counterchange of tease on leftfield foot. trial reveals that the pique is ameliorate. control employ newfangled impregnation and unhurried entrust put across for check-up in wholeness week.99212I study selected 99212 because the patient has diabetes and is in that respect for a habitude check-up and dressing change. Because the injure is healing and the patient bequeath succumb for another(prenominal) check-up, 99212 is the trump/M code.5. A pay off brings in her six-month-old priapic boor for tour intimatelyness check. test reveals the shaver to be in well behaved health and reservation passable progress.99215Thi s is a routine wellness check, which is an enormous visit to ensure the scotch is doing well and continues development on schedule.