Freedom Digital and Literal Essay - 2505 Words

The internet has become an integral part of our lives, linking people overseas, transmitting ideas, and propelling innovation. In order to continue the innovations and links, governments and service providers should not regulate, restrict, or censor the internet. The internet, as it stands today, serves as a medium for our entertainment, communication, and commercial needs. It is something many of us have come to take for granted. The original intended purpose of the first â€Å"internet,† however, goes back to the days of the Cold War where the ever looming threat of a nuclear missile attack prompted the U.S., as well as many other countries, to build a robust, fault-tolerant, and widely distributed computer network. By 1970, ARPANET had†¦show more content†¦Fortunately, news quickly spread and petitions were submitted, preventing its passing. Senator Wyden expressed his opposition, claiming that â€Å"the collateral damage of this statute could be American innovation, American jobs, and a secure internet. Copyrighted works make up only a small fraction of the World Wide Web. To impose such far-reaching legislation will harm irrelevant law-abiding businesses. This year, the House tried passing the Stop Online Piracy Act, or â€Å"SOPA.† At first glance, it appears to be a reasonable bill aimed to protect the works of artists and copyright holders. The bill, however, could easily create an atmosphere in which any individual may file a complaint and have any site removed, cutting off the site’s revenue, if â€Å"pirated† content is found on the site, regardless of whether or not the site’s owners were the ones that uploaded the file. In effect, â€Å"SOPA kills the safe harbor in the Digital Millennium Copyright Act,† (Dignan) which protects sites as long as they act in good faith and do all in their power to actively remove illegal content under copyright. Under SOPA, the process required to respond to litigation or a complaint would likely absorb an average small host’s entire yearly profit. Given the small business nature of the hosting industry, hosting businesses are not in a position to absorb the litigation costs associated with SOPA. The notice-and-termination procedure runs afoul of the prior restraintShow MoreRelatedThe 21St Century Is Often Referred To As The Digital Age.1642 Words   |  7 PagesThe 21st century is often referred to as the digital age. Former ways of communicating ideas and communicating with each other are becoming obsolete as cyber culture takes over. For many of us the use of new technologies and social media sites have changed our way of life and has shaped how others view us on online platforms. Many view mass media and digital culture as a brilliant and successful phenomenon as it’s a product of the development of technology however to what extent is it impacting ourRead MoreAnalysis Of The Shawshank Redemption By Frank Darabont1116 Words   |  5 Pagesself-worth. As Andy incessantly chips his way through the wall, the prison pushes him to the brink of insanity. After being goaded by Red to either â€Å"Get busy livin’ or get busy dyin’,† Andy makes his final push to escape and at last receives the freedom that he so desperately desires. Additionally, after Red is finally released from Shawshank, he encounters many of the same issues as Brooks did. Red’s hope of being reunited with Andy is what allows him to strive forward until the movie’s conclusionRead MoreUses and Abuses of Biochip Technology1704 Words   |  7 PagesBiochip Technology; Uses and Abuses Working Hypothesis: What is the correlation between the prophecy of the mark of the beast, and current trends in biochip technology? Intro/Thesis statement: Technology is chipping away at our personal freedoms. In the New Testament, Revelations 13 warns He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or forehead, so that no one could buy or sell unless he had the mark, which is the name ofRead MorePublic Policy Concerning Education During Prisons1449 Words   |  6 Pagesprisons the persuasive public echo of â€Å"why should criminals get for free what the rest of us pay for† is a falsehood built on the backs of these rulings. I would argue that the education paid for through incarceration entails a greater personal cost of freedoms than a paid tuition could ever represent. I doubt anyone would ever go to prison to obtain a â€Å"free† education. The ever-increasing costs of higher education invoke a regime of scarcity that produces anxiety within the working and middle class. HigherRead MoreQ1.name And Describe The Two Dominant Opposing Approaches1283 Words   |  6 Pagesholder withholds authorization or insists on the payment of a license fee. Such cases are beyond people’s means, and copyright does not extend to literal copying. It also prevents parodying, remoulding, critically dissecting, or integrating portions of existing manifestation into a new, independently shaped work (Lessig, 2004). Fair use gives the freedom to display or quote even without authorization by the author. It applies when the users are teaching, creating new works, and reviewing works thatRead MoreWith modern technology and developments such as the internet, we have been given loads of ways to1400 Words   |  6 PagesFringe to stay in the loop with what they should and shouldn’t be seeing. Gardner suggests in her article ‘Twitter is the critic’s friend’ that they will be â€Å"plugging into social media to stay ahead of the game† rather than relying on word of mouth in literal terms. Another benefit to come out of thi s is that shows limited to short runs can gain the instant press they need to sell tickets, rather than waiting for official reviews to be released. In such cases, it is both a benefit for critics, theatreRead More Shaping Identity in William Gibsons Neuromancer Essay2077 Words   |  9 Pagesof these trends mercilessly easy: In response to the Atkins Diet, tens of thousands of Americans strike carbohydrates from their diets. A cell phone that simply calls someone is archaic at best; people need infinite text messaging and a built-in digital camera (with no roaming charges) so that they can e-mail pictures of their new car to their friends in California, New York, or Antarctica. Jessica Simpson mistakes canned tuna for chicken and millions of viewers laugh at her in unison. Still, â€Å"one†Read MoreSocial Media and Internet Regulation Essay1691 Words   |  7 Pagesgratification have been given the title ‘kudos trolls’ (Bishop 2012a, 2012b). Where these action s have the resource to legal remedies they are called ‘electronic message faults’ and where the message fails to constitute an offence ‘electronic message freedoms’, and there is quite rightly nothing to prevent those from expressing free speech online. Recently there has been widespread controversy on whether the Internet should be left to its own methods of self-regulation or whether an authoritative bodyRead MoreCompare Two Western Films Made at Least Twenty Years Apart on the Basis of the Three of the Five Frameworks Studied in the First Block of the Unit, and the Elements of the Western Genre Studied in the Second Block of the Unit.3922 Words   |  16 Pagescommonality, you would by no means say they are the same film. Kitses used a table of antinomies which put the Wilderness opposite Civilisation and beneath both lists the defining features of each subject. By using this table you can take elements, such as freedom (the wilderness) against restrictions (civilization) and use the friction of these to create variations on the Western story. Cawelti maintained ‘out of the multiple variations possible’ ‘Western plots are concocted’ (1974, p62). The Great Train RobberyRead MoreEssay on Sweden’s Position on Personal Privacy in Cyberspace3546 Words   |  15 Pagesprivacy in this Internet age. A recent survey called â€Å"Digital Life Index†, which is conducted year by the Jupiter Research group, concluded that Swedes were the most digital-savvy people amongst 17 Western European countries. This title essentially means that Swedes are more prone to trying out new technologies when they first come out on the market. Swedish households are more likely than their Western European counterparts to own digital handheld gadgets, satellite dishes, mobile phones, and high-speed

Kfc Inventory and Process Management - 1519 Words

Manipal Institute Of Management, Manipal | OPERATIONS MANAGEMENT | KFC Inventory And Process Management | | | Group 7 Section B | Roll No. | Name | Signature | 121202070 | Niranjan N Naik | | 121202081 | Binay Kumar Sahoo | | 121202031 | Ribu Roby | | 121202050 | Julian Joel Roche | | 121202120 | Dhanush Patel | | 121202122 | Suraj Pereira | | | | Submitted to: Yogesh Pai Date: 16/03/2013 Contents INTRODUCTION 1 Logistics 1 Inventory Storage 2 PROCESS 3 Cleaning 4 Disposal 5 Conclusion 5 INTRODUCTION KFC Corporation is based in Louisville, Kentucky, and is the worlds most popular chicken restaurant chain. KFC and its franchised employees are†¦show more content†¦It’s a non-veg defrosting room. Stores fresh product and frozen product (for thawing) is placed here. Frozen product once taken out of freezer cannot be returned (expire time 12 hours). Items are placed in rack system placed along with time tag placed with it. PROCESS Here the items are moved from cold storage to the chiller are placed for thawing and defrosting with room temperature of (-1oC to -4oC). Frozen product once taken out of freezer to chiller cannot be placed back. Once the duration of 12 hours are done items/ packets are removed out and goes to the cleaning process. The duration of cleaning depends from staff to staff usually on an average 5-10 minutes are needed. After the items are cleaned, it is placed in an Marinator where basic masalas are mixed. The machine takes 10minutes and makes 300 rotations. Once the items are marinated there is a need for the products to absorb the masala so they are kept for absorption in a process called Ageing which takes 2 hours. After that the products need to get a layer for themselves so they pass through a process of Breading. On the basis of requirement cooking is done. Cooking consists of 3 types: Grilled, Fried and Baked. The duration of items which are grilled is 45 minutes from the time it is ready. Fried and Baked items duration is 2 hours from the time it is ready. Grilled and baked items are cooked in an micro oven called â€Å"Convotherm†. After that the products are placed in an oil dry machine which absorbsShow MoreRelatedOperatiom Process of Kfc1732 Words   |  7 Pagesorganisations, KFC is also one of the best organisation which gained their title and power for more than 80 years. KFC is a chain of fast food restaurants and first established known as Yum! Brands. However, the organisation name has been change since 1952. Until now, KFC – Kentucky Fried Chicken is the third largest fast-food organisation in the world. KFC has more than 14,000 outlets and in more than 80 countries around the world, serving about 12 million customers each day. (KFC Franchise OpportunityRead MoreKf c Supply Chain973 Words   |  4 Pagesahead of second-enterprises, but also its old rival – McDonald’s global fast food far behind boss as the main subsidiary of Yum, KFC denied. 2007 is the 20th anniversary of KFC(Kentucky Fried Chichen) into the Chinese market, the number of branches in mainland China have more than two thousand. Behind the rapid development, efficient and smooth logistics system is a KFC a powerful weapon ahead of the competition. 1, the fast moving consumer goods supply chain requirements Fast moving consumer goodsRead MoreSupply Chaiin Management Practices at Kfc Pakistan5476 Words   |  22 PagesSafety Stock: 8 Stock Taking: 8 Lead time: 8 Inventory control: 9 Transaction cost approach: 9 Environmental concerns: 9 Sourcing to Delivery: 10 Inventory Management 10 Enterprise Resource Planning System 11 Material Requirement Planning System 11 Demand Forecasting and Order Management System 11 KFC an Overview 12 Cupola Group 13 Vision 13 Mission 13 Facts 14 Supply Chain Management at KFC 15 Planning 15 Planning Department 15 Read MoreThe Importance Of Motivation As A Management Tool Of Increasing Productivity Of Workers1698 Words   |  7 Pages Motivation as a management tool of increasing productivity of workers Name Institution Date Abstract Kentucky Fried Chicken (KFC) is a fast food company which was founded by Colonel Harland Sanders in 1930 who was an entrepreneur who began by selling fried chicken from his roadside restaurant in Corbin, Kentucky and later in 1952 embarked on travelling to sell his fried chicken across several states in the USA. KFC is the second most largest fast food chainRead MoreOperation Management Kfc4478 Words   |  18 PagesOPERATION MANAGEMENT INTRODUCTION: KFC is one of the largest franchise company. One of the branch of KFC consists of 100 employees. This business report critically underpin the issues which emerge during the processes, designs and supply chain of the business. It will also unveil that how can KFC become the market leader and gain the competitive advantage over all the rivals. It also reveal that brand name like KFC can increase the productivity, market share avoid wastageRead MoreMcdonalds Operations Management Essay1145 Words   |  5 Pagestime in the operation management department of the business. This report will focus on the business, McDonald’s and what practices they have put in place to ensure that they are producing their products efficiently and sustainably. The business will also be compared and contrasted alongside the American fast-food restaurant chain famous for its fried chicken, providing recommendations on how McDonald’s could further improve their business in the area of waste and time management.  Business BackgroundRead MoreKentucky Fried Chicken: The Colonels Way Essay1692 Words   |  7 Pagesto stay competitive, they must constantly evaluate the way they conduct business in areas such as product promotion and customer distribution. In order to keep track of customers and their habits, data collection is becoming a powerful tool for management to make decisions. Carol Tice (2012), states from a study that consumers are looking for companies to do business with that will speed up dining experience as well as improving processes for paying their bill. With a large population in India,Read MoreManagement Information Systen Use by Kfc1109 Words   |  5 PagesManagement information system use by KFC Management Information Systems (MIS) is the term given to the discipline focused on the integration of computer systems with the aims and objectives on an organization. Each KFC outlet use MIS in accounting, knowing production, and very useful in formulating HR policies which helps them to rate their employees. The development and management of information technology tools assists executives and the general workforce in performing any tasks relatedRead MoreKfc Swot and Strategic5018 Words   |  21 Pages0 WHAT IS SWOT ANALYSIS 5 3.0 FINANCIAL STATEMENT FOR KFC HOLDINGS (MALAYSIA) BHD 6 3.1 Conclusion of financial ratio 13 4.0 SWOT ANALYSIS 14 4.1 STRENGTHS 15 4.2 WEAKNESSES 20 4.3 OPPORTUNITY 23 4.4 THREAT 25 5.0 COMMENT AND RECOMMENDATION 28 6.0 CONCLUSION 29 7.0 REFERENCES 31 1.0 COMPANY BACKGROUND KFC Corporation (KFC) was founded and also known as Kentucky Fried Chicken with began by Colonel Harland Sanders. KFC is the famous chain of fast food restaurants in MalaysiaRead MoreScm of Kfc13161 Words   |  53 PagesSupply Chain Management of KFC  -  December 29th, 2010 KFC Corporation (KFC), founded and also known as Kentucky Fried Chicken, is a chain of fast food restaurants based in Louisville, Kentucky, in the United States. KFC has been a brand and operating segment, termed a concept[2] of Yum! Brands since 1997 when that company was spun off from PepsiCo as Tricon Global Restaurants Inc. KFC primarily sells chicken pieces, wraps, salads and sandwiches. While its primary focus is fried chicken, KFC also offers

Cleopatra Free Essays

In the ancient world, male dominated societies, known as patriarchy, prevailed. Men occupied roles of supremacy and power. Those few women, who did succeed In gaining positions of power, marked their place In history. We will write a custom essay sample on Cleopatra or any similar topic only for you Order Now Most notable among them were Hatchets (1508 – 1458 BC), Cleopatra (69 – 30 BC) and Grapping (1 5 – 59 AD). Hatchets was one of the most successful pharaohs, reigning longer than any other woman of an Egyptian dynasty. Cleopatra was a member of the Ptolemaic dynasty and was the last pharaoh of Ancient Egypt. Grapping was a Roman Empress who was once the most powerful woman in Roman Empire. Each had to overcome ingrained prejudices and faced barriers that their male counterparts did not. Their strategies for gaining power in a world of men varied but they were clever, resourceful, ruthless and ambitious. They effectively used the power that men held to their own advantage. Cleopatra was portrayed as a great beauty, who very strategically formed successful liaisons with men of power, which was a contributing factor for achieving the power she sought. Cleopatra has been a topic of interest throughout history and is seen as a woman of mystery. By all accounts she was an alluring woman who used this to her advantage. Cassias Did, a source of primary evidence and Roman consul of the 1st century AD, wrote, â€Å"She was a woman of surpassing beauty She possessed a most charming voice and knowledge of how to make herself agreeable to everyone† (peg. 42) Plutarch, Greek historian as well as biographer of Roman Emperors reiterates Cassias Ids view on Cleopatra In 75 AD in ‘Life of Antonym (a secondary source), where he wrote â€Å"her beauty, as we are told, was in itself neither altogether incomparable, nor such as to strike those who saw her†¦Ã¢â‚¬ ¦ What ultimately made Cleopatra attractive were her wit, charm and sweetness in the tones of her voice. † (peg. 27) Accounts of Cleopatra also typically present her using her charms to influence the most powerful men in the western world. Plutarch writes, for example, that she had â€Å"The power to subjugate everyone, even a love-sated man already past hi s prime†, Of Caesar conquest of Egypt he wrote, â€Å"Caesar overcame Egypt. He did not, however, make It subject to the Romans, but bestowed it upon Cleopatra, for whose sake he had waged the conflict. (peg. 42-55) powerful men, namely Julius Caesar and Marc Anthony, in times of the supremacy of en, and when the glory of Rome was paramount, that she is characterized in this sexist way as a bewitching beauty by Cassias Did, a Roman official and this is reaffirmed in Plutarch account. In both ancient and modern sources there are sources that represent the ruthlessness of Cleopatra in her pursuit of power. ‘Ptolemy XIV, written by Professor Mallow H. Smith (2008) from Rutgers University and the BBC show ‘Cleopatra: Portrait of a Killer’ (2009), reveal the darker side of Cleopatra. Revelations made include assertions that Cleopatra had Mark Antonym execute her sister Orisons on the tepees of the temple of Artemisia, a violation of the temple sanctuary and an act which scandals Rome. Furthermore, claims are made that Cleopatra had Ptolemy XIV (her second youngest brother and co-ruler as well as husband), poisoned in order to proclaim, Ptolemy XV (Cleopatra son with Caesar), as co-ruler. Although these accounts in the large are not fully substantiated in primary sources, where these incidences are shrouded in mystery and contradiction, they point to a certain brutality in her pursuit of power and provide support for those who would portray her as an evil queen. Cleopatra was more aligned with a Bewitching Beauty rather than an Evil Queen of the East. Certainly she was a woman of considerable allure who was able to use her looks and considerable wits to charm men who would be of use to her. However, rather than bemuse and bewitch, which implies that she was able to control people through supernatural means, she was a clever and strategic woman. She was certainly ruthless in her pursuit of power and most probably did perpetrate quite evil acts. According to Cassias Did, ‘In view of Career’s favor there was nothing that she could not do. ‘ (peg. 44) To call re evil however, is to discount the times in which she lived where such violence in the pursuit of power was not uncommon. Leadership in Egypt and Rome, for example, was often changed by murder or mysterious disappearances. Caligula or more commonly known as Gauss was a Roman Emperor, is an example of this as he had those he saw as a possible threat executed (Caligula: Gauss Julius Caesar Augustus Germanic). Such men who have performed such acts have in large escaped the label of ‘evil’. Cleopatra actions therefore need to be regarded in this context and her considerable achievements in the face of significant gender barriers even the credit they deserve. Cleopatra and other women of power in the ancient world have been reduced to stereotypes because of male bias and patriarchy. The patriarchal nature of the ancient world meant that roles were clearly defined on the basis of gender and women had little access to power in their own right which explains why there were so hard, and within the system of male domination, to Justify their positions. In such a world, extreme positions were taken on these women that helped to explain such anomalies. In turn, scholars today are at the mercy of the sources written by men and influenced by the times in which they lived, which fall into these extreme positions. These stereotypical representations of Cleopatra have persisted and perhaps have even been exaggerated in the name of entertainment to dramatist the truth to appeal to audiences in the mane of entertainment. In many stories, movies and other interpretations of Cleopatra such as Shakespearean play; ‘Antonym and Cleopatra'(1607), Cleopatra is frequently portrayed as vain and theatrical. In the more recent film ‘Cleopatra’ (1963) directed by Joseph L. Mackenzie, she is portrayed as exotic, luxurious and manipulative. However, taking such stereotypical positions does not help to understand the complex woman that Cleopatra must have been, to have reached such heights of power. Women who became leaders in the ancient world experienced particular difficulties in their quest for power as they contested conventional ideas and standards of the time regarding the traditional role of women. To succeed in a world dominated by men they needed to be clever, resourceful, ruthless and ambitious. Cleopatra was all these things, and like other women of note in these times, effectively utilized the power that men held for her ascendancy into the very echelons of power. How to cite Cleopatra, Papers Cleopatra Free Essays She remained In power while constantly straggling with a brother or sister and keeping alliances with Rome at the same time. She held her own even when the first Roman Emperor was coming against her. Her fatal mistake was that she reached too far. We will write a custom essay sample on Cleopatra or any similar topic only for you Order Now She tried to become the ruler of the attention world, along with her lover and her children. Rome just didn’t let that happen†¦ Firstly, Cleopatra family may have ruled Egypt, but they were Greek. Cleopatra was the first of her family to learn native Egyptian – bearing in mind her family ruled Egypt for 300 years. She also closely associated herself with the Egyptian goddess, Sis’s. This would indicate she had a respect for the people she ruled and understood the importance of being able to relate to them. Therefore she was popular among Egyptians. Her father had a catastrophic reign and when he died, she squabbled with her siblings over who would rule Egypt. She cleverly maneuvered herself Into a good political position – marrying her brother to 1 . )keep her brother’s supporters happy, 2. ) keep the Egyptians happy she was going along with tradition and upholding her father’s will 3. Pep any male, who opposed female rule, happy. More importantly, she allied herself with Caesar and sealed the deal by producing a son. She gradually edged her brothers out of the picture over time, so much so that it was barely noticed. Rome was of course, the biggest power in the Mediterranean and arguably, the world, at that time. By attaching herself as the consort of It’s b iggest leader she was gaining the Roman empire as an ally and securing the Roman army. In return, Caesar was gaining the support and wealth of Egypt – It Is Important to note that Egypt effectively fed Rome and was extremely wealthy. We can’t know for sure If this was a love match, but It was definitely two political giants Joggling together as equals, when nearly all of Room’s allies were subjects paying tribute. When Caesar was killed unexpectedly, Cleopatra was left in both a bad and good position – she made sure everyone was aware she considered her son by Caesar as an heir to Rome. This put her son in a dangerous position, which would later backfire. In a dangerous move, Cleopatra again allied herself with a Roman politicians Anthony. The Roman people increasingly began to see her as a threat to their public – They were very much against Kings and Anthony was effectively King of Egypt. Furthermore, he rejected his Roman wife to be with Cleopatra. This turned Rome against him and Octavia began to establish himself as emperor and true heir to the now deified Julius Caesar. Cleopatra attempt to get a foothold In Roman politics began to backfire on her – her son was now a very real threat to Octavia (later Augustus) Rome needed Egypt around. So in a way she was a good leader, bonding with her people and she showed great political astuteness. However her ambition arguably led to her downfall – No doubt you know what append – Anthony and Cleopatra lost against Octavia and her son was killed. She may have understood her own people, but she couldn’t have understood Romans very well – she should have known they would never accept her as a consort of Antimony’s (Their marriage wasn’t recognized in Roman law) that they would never accept her son as a leader Illus Caesar himself knew this and in his will dictated Octavia as his heir), and she should have known the idea of kingship was abhorrent to them. Http://www. Smithsonian. Com/history/who-was-Cleopatra-1513560131? Noise= How to cite Cleopatra, Papers

The Legacy of the First Philippine Republic free essay sample

The Philippines is a beautiful country found in the South Eastern part of Asia. It is filled with abundant resources. It has fertile, arable lands, diverse flora and fauna, extensive coastlines, and rich mineral deposits. It boast of many different kinds of natural water forms, such as swamps, bays, lakes, rivers, falls, straits, and gulfs. It is the Pearl of the Orient Seas. It is due to these characteristics that the Philippines had been conquered by many nations. The Spaniards held captive the Philippines the longest. But the Filipinos fought hard to attain their freedom from the Spaniards.And in June 12, 1898, General Emilio Continual proclaimed Philippine Independence from Spain and established the First Philippine Republic. 2. Significance of the Topic We, as the children of this Nation, should learn about our history and establish our sense of national sentiment in order to preserve our flourishing culture from invading nations. We need to protect the legacies that our forefathers fought hard to attain. We will write a custom essay sample on The Legacy of the First Philippine Republic or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page But, in order to protect it, we must first learn what they had given us. We must refresh minds to our history, as we tend to forget who we really are. 3.Content The First Philippine Republic had left us with 8 legacies: a. Freedom/Liberty b. Independence c. Unity d. National Symbols e. 1st Republic in Asia f. Inspiration for other Nations g. Literary h. Victory from a World Power A. Freedom/Liberty The First Philippine Republic had brought the freedom and liberty. We became prisoners in our country, with no rights to speech, movement, work, business and no safety. We cannot move freely without the interference of the government. We cannot speak for ourselves. We had been treated like lowly savage beasts, waiting to be tamed.But these endless sufferings called upon our ancestors to start the countless revolts and, soon, started the Philippine Revolution. Now, we are free to speak, move, work, and business. B. Independence The First Philippine Republic signifies the long awaited independence from the Spanish rulers. We had suffered for 333 years under the Spanish conquerors. We became slaves in our own country. But these endless sufferings had awoken the nationalism in the hearts of our ancestors and had called upon them to take arms against their foreign conquerors. We carry until today our own government. C. Itty The First Philippine Republic showed the unity of the different provinces in our country. The Spaniards had divided our lands so that no unity may be formed to prevent large scale revolutions. That is why the countless revolts had failed. Only one province had taken a stand against the Spaniards and no help from the neighboring provinces came. But the love for the country of our ancestors had called upon each individual to stand against the conquerors as one nation, and not just one province. D. National Symbols The First Philippine Republic gave birth to two of our National Symbols, thePhilippine National Flag and The Philippine National Anthem. E. 1st Republic in Asia The First Philippine Republic gave birth to the 1 SST Republic in Asia. That revolutionary government had replaced the dictatorial government which Continual had proclaimed on May 24, and had formally established by decree on June 18. F. Inspiration for other Nations. The First Philippine Republic inspired our neighboring country to rise up against their conquerors. This also established a strong bond between these countries and formed the AMPHIBIANS. G. Literary The First Philippine Republic protects the literary legacies of our ancestors.The Philippines has a larger and more vigorous artistic community than any other Southeast Asian nations. We have beautiful kinsman, poems, paintings, dance, pottery, and many more. H. Victory from a World Power The First Philippine Republic symbolizes our victory over the Spaniards, who is a world power. It shows that the Philippines is not a weak nation and we have the characteristics that can match against the world powers. 4. Conclusion Over-all, it shows that the Philippines is a wonderful country. We have wonderful characteristics that we can be proud of. We have flourishing ultra that we can boast to others.We can match against those countries that are on the top right now. We need to protect these legacies. We, as the future of this country, must pass on, not the legacies of the other county, but the legacies of our ancestors to our children.

Voices from Vietnam Essay Example For Students

Voices from Vietnam Essay This readers rating for this book is average. It is a very well written book but it may not appeal to some people. If the reader was familiar with the war then this would be a wonderful book to read. This reader thought it was interesting but not as enthralling as it should be. The book was mainly made out of quotes or dialogue from the men in the war. This was a very different way of writing but it was interesting. Many of the veterans had interesting stories to tell and how it felt like to be in the war. Overall it was a book to consider if youre into war stories. We will write a custom essay on Voices from Vietnam specifically for you for only $16.38 $13.9/page Order now The things this reader likes about this book is that it was interesting in the fact that it had real stories from real veterans in the war. Some of the stories were explained in gruesome detail in which this reader thought was very disturbing. It is disgusting to know what happened to some of the Vietnamese and veterans during that war. What this reader also liked was how they explained the war while showing the opinions of some of the veterans. The least thing this reader liked about this book was that it didnt keep you on the edge. Even though this was a war story it didnt captivate me as much as I would have wanted it to. It became boring at parts when they explained how the war started and how the Chinese were trying to take control of Vietnam. What the author should have done was explain the war with minimum detail and have many comments from the people who were actually involved in it. In this readers opinion this book should be good for older people. Older people would underst and the meaning of the war better and how it started. Also older people would probably find it interesting and actually want to read into it. Since older people have most likely lived during the Vietnam War they would appreciate this book much more than a teenager would. Voices from Vietnam is not even close to simple. With the exception of the dialogue the words used in the book were a little advanced for a teenager. This reader didnt enjoy much of the book because of this reason. The book is also quite long since it explains the war and contains comments from the veterans. It may be to long for some people since not many teenagers have long attention spans. This reader thinks that this book may or may not be appropriate for ages fifteen to eighteen. Again if the teenager is familiar with the war then he or she may enjoy it very much while others will not find it interesting. Yes Voices from Vietnam would make an excellent movie. The drama that went on in the war and the horror of what happened would make it a great movie to see. It would be much like the movie Pearl Harbor because it would have a reenactment of the war but would modernize it. The only thing that wouldnt be added from the book would be the comments. If the comments were added then it would just a History Channel special on a big screen. It may or may not be a hit though since the Vietnam War didnt prove to be a very good war. Many people would probably refuse to see the same war again. A brief explanation of the book would be that the majority of it takes place on the battlefield in Vietnam. The plot is very self-explanatory in which the US is trying to stop Vietnam from becoming a communist country. It was under Chinas rule for centuries until the French seized control and made it one of their colonies. They wanted to use the raw materials and exploit the local population. By the end of World War II the Vietnamese revolt grew stronger. A Vietnamese communist named Ho Chi Minh led this revolt. The French called it the dirty war and didnt take then seriously. It wasnt until the French were defeated at a battle near the village of Dienbienphu that the Americans decided to take Frances place. The Navy, Army, and Airforce were all involved in this very depressing war. Some of the presidents that were in office at the time were Dwight D. Eisenhower and John F. Kennedy. There is no need for spoiling the plot since everyone knows what the outcome was. Over three hundred t housand men and women were injured in the war. Fifty eight thousand of them died there also. The author uses no special form of writing with the exception of the comments that were added into the explanation of the war. That is the only special type of writing that this reader could find. .uabe7ac9fe5ab5c15131582014c1e5839 , .uabe7ac9fe5ab5c15131582014c1e5839 .postImageUrl , .uabe7ac9fe5ab5c15131582014c1e5839 .centered-text-area { min-height: 80px; position: relative; } .uabe7ac9fe5ab5c15131582014c1e5839 , .uabe7ac9fe5ab5c15131582014c1e5839:hover , .uabe7ac9fe5ab5c15131582014c1e5839:visited , .uabe7ac9fe5ab5c15131582014c1e5839:active { border:0!important; } .uabe7ac9fe5ab5c15131582014c1e5839 .clearfix:after { content: ""; display: table; clear: both; } .uabe7ac9fe5ab5c15131582014c1e5839 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uabe7ac9fe5ab5c15131582014c1e5839:active , .uabe7ac9fe5ab5c15131582014c1e5839:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uabe7ac9fe5ab5c15131582014c1e5839 .centered-text-area { width: 100%; position: relative ; } .uabe7ac9fe5ab5c15131582014c1e5839 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uabe7ac9fe5ab5c15131582014c1e5839 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uabe7ac9fe5ab5c15131582014c1e5839 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uabe7ac9fe5ab5c15131582014c1e5839:hover .ctaButton { background-color: #34495E!important; } .uabe7ac9fe5ab5c15131582014c1e5839 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uabe7ac9fe5ab5c15131582014c1e5839 .uabe7ac9fe5ab5c15131582014c1e5839-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uabe7ac9fe5ab5c15131582014c1e5839:after { content: ""; display: block; clear: both; } READ: The Effects of HIV Mutations on the Immune System Essay In this readers opinion reading another book by this author wouldnt be a good idea. Voices from Vietnam wasnt the type of book I thought it was. It was boring most of the time but the only interesting thing was the comments. If the author made the book more interesting to read I may have considered reading another one of his books. This book doesnt remind me what of any others that I have read. I dont really enjoy reading books because I dont have much patience for boring books. Not that this book was boring its just because Im not really much of a war book reader. As I explained before this book may be great for othe rs but in this readers opinion it was an average book. Words/ Pages : 997 / 24

Washingtons Farewell Address

Washingtons Farewell Address Time was running fast and the period that George Washington was to be in office had come to an end. Being the first president and having seen what the country needed, Washington felt obliged to leave the country in a peaceful state.Advertising We will write a custom essay sample on Washington’s Farewell Address specifically for you for only $16.05 $11/page Learn More Citizens were in a state of confusion, unable to imagine a government without Washington. To help in restoring people’s confidence in the succeeding regime, he decided to sensitize the public that leaders cannot achieve anything on their own. Moreover, he touches on various issues that are critical for prosperity of America. Addressing the nation, Washington begins by insisting on the importance of unity to the American people. He warns the Americans that unity of all states is paramount in protection of their freedom (Washington, 2004). He continues by stating that the greatest en emy of America will be the person whose main agenda will be to divide Americans along any ideologies. In this regard, Washington wants all Americans irrespective of religion, gender, ethnicity or race to work towards enhancing the culture of togetherness. Citizens should first of all consider themselves as Americans before grouping themselves along other aspects. It should be noted that Americans are not exhorted to stick together in good times only, but also in hard times for example during credit crunch (Whitney, 2003). It is upon every citizen to avoid any person who seems to interfere with the unity of the American States. The west will need some products from the east same with the south and the north. Washington enumerates the benefits received so far through combined effort, and the many more that are expected. Additionally, he highlights the dangers of a divided nation. In addition, Washington points out the dangers that can occur if political parties are used wrongly. The F ederalist Party, which selectively promoted interests of some people, adds to the weight of Washington’s point that political parties can be manipulated. He argues that political parties are necessary in any human society, but warns that they should be accepted with a pinch of salt (Washington, 2004). Washington emphasizes that the tendency of political parties to take sides in foreign matters like War is harmful to the country. According to him, the country will be better off if it remained neutral regarding foreign matters.Advertising Looking for essay on government? Let's see if we can help you! Get your first paper with 15% OFF Learn More In his view, America should refrain from making permanent friends or enemies since this will lead to partiality which is not good for the nation. Washington warns that political parties are only beneficial in dictatorial governments. However, they must be placed under control in democratic governments since they h ave a tendency of diverging attention of governments from critical issues. Furthermore, Washington coaxes Americans to always protect and uphold the new constitution. He tells them that though the constitution might not address every issue that they would have wanted, it is a mile stone in steps towards controlling the nation. In this regard, Washington urges Americans to protect the constitution from power hungry politicians, who will seek to weaken it for their selfish interests in the name of developing the nation (Hargrove, 2000). Though he categorically states that he does not think he has been a good president, Washington warns that human beings get intoxicated by power. Consequently, he warns Americans to be careful with whom they choose to lead them. Stressing on the importance of the constitution and the negative impacts of political parties, Washington points out the benefits of decentralized method of governorship (Whitney, 2003). Americans are encouraged to ensure that t oo much power is not concentrated in one office, because this will lead to despotic and diabolic dictators whose main agenda will be serving personal interests. Moreover, he wants the succeeding governments to avoid public debts. While he accepts that debts are sometimes inevitable, he wants governments to pay back as soon as possible because debts enslave nations. However, Washington goes ahead to state that this does not imply that the nation should not offer financial assistance. Most importantly, Washington stresses on the importance of peace by outlining the effects of rebellions. Washington emphasizes on the role of religion in society. He says that religion is a fundamental ingredient in enhancing morality. He argues that it is difficult for a leader to brag of good leadership qualities without a religious background. Religiosity instills good behavior in people and thus will play an important role in ensuring that there is unity and harmony among citizens (Washington, 2004). On top of that, Washington underscores the importance of education in development of a nation. He tells Americans that the nation will prosper only if the average level of education is increased.Advertising We will write a custom essay sample on Washington’s Farewell Address specifically for you for only $16.05 $11/page Learn More Having been a president, Washington knows what the country needs for prosperity. He points out what he thinks has made his time in office successful. Though he is leaving office, Washington wants Americans to know that they are moving in the good direction. Lastly, Washington is aware of the fact that his advice might not be taken serious at that point in time, but he hopes one day people will reflect on what he says for guidance. References Hargrove, J. (2000). Washington’s Farewell Address: History Speak. Dayton: Lorenz Educational Press. Washington, G. (2004). Washington’s Farewell Address to the People of the United States. Washington: Government Printing Office. Whitney, G. (2003). American Presidents: Farewell Messages to the Nation, 1796-2001. Lanham: Lexington Books.

Tourism Project Essay Example | Topics and Well Written Essays - 2250 words

Tourism Project - Essay Example This tourism sector is worth Singapore dollars 12.4 billion (2006) annually. On the other hand, Hong Kong, with its proposed Disneyland and a new cultural centre at West Kowloon that is seven times the size of the Esplanade, Dubai Japan and Bangkok are Singapore's greatest competitors in the tourism sector. Their multimillion dollar tourism projects to lure tourists from all over the world are ominous enough to make any forward thinking government which is driven by economic consideration, plan to think of new ideas to attract tourists to their country. One of them is to think up new tourism based themes which can make investors think that Singapore is transforming itself into a diversified service-based economy. One of these steps is by opening up an integrated resort. The basic objective of an integrated resort is to attract tourists. It would not be limited to just casinos. They should include convention centers, hotels, restaurants, shopping, convention space, theatres, museums and theme parks. The government can thus hope to be able its overall goal to generate tourism receipts of $9. 5-billion annually by 2015,1 which is half the target set by the Singapore tourism board. Apart from this, the other completion of a project successfully and its performance at Marina South can be targeted to bring in the international convention market. This can eventually boost up the Singaporean tourism sector and economy to make it on par with its nearest competitors. Business Objectives The project aims to complete the

Love and time Essay Example | Topics and Well Written Essays - 1000 words

Love and time - Essay Example Likewise, the second which will be analyzed is Andrew Marvell’s â€Å"To His Coy Mistress†. Even though these two points were written in roughly the same timeframe, the key differential which will be analyzed is with regards to the way in which the respective authors understand love and somewhat of an asymmetrical manner. As will be discussed within the preceding analysis, John Donne’s point focuses upon love existing outside of the con strains of time whereas Andrew Marvell’s point focuses upon the immediacy, urgency, and physical necessity of love existing within the very moment. Through an analysis and discussion of these facts, it is the hope of this author that the reader will gain a more informed understanding with respect to the way in which love was understood in different ways by different authors; even within the same era. Firstly, with regards to Andrew Marvell’s poem, â€Å"To His Coy Mistress†, the reader can quickly come to unde rstand that the approach that this particular poet utilizes is one that places a profound level of emphasis and importance upon what can only be described as a â€Å"carpe diem† approach to life. Within this particular approach, the poet encourages the Mistress to accept his sexual advances and to discontinue her coy behavior. However, by much the same token, rather than merely seeking to break down the walls of seeming rejection that the woman places as an impediment for the subject to overcome, a further focus is placed upon insisting that the love and devotion that he shares for her is not as fleeting and short-lived as a mere sexual fascination. Instead, the author focuses a great deal of energy on examining the fact that even though the time to act is now and an urgency, tension, and immediacy defines the love and passion that the subject has for the Mistress, a deeper and more profound realization of what defines love and the eternity of passion and interest that the su bject could direct for this Mistress if only she opened her heart and her body to the subject is reflected in a variety of different ways. For instance, after the exhortation to stop dismissing the advances of the suitor, Marvell references the fact that in so doing the woman would be able to experience love as she had never before seen it. Ultimately, what is presented to the reader is an argument for the immediacy, passion, and necessity to experience love in the moment. However, due to the fact that a woman would likely find the emotion of immediacy and the need to seize the day as alarming and definitive of a passing craze or crush, the poetry goes to great lengths to prove that the nature of the emotions that are being defined are not short-lived but will instead last for far longer than life itself is able to exist. By means of contrast, John Donne spends almost the entirety of his point in discussing the fact that love does not require a public profession and easily understoo d emotions. Ultimately, the key differential between these two poets is with regards the fact that John Donne’s poem focuses upon the fact that time in and of itself is unimportant to love and love exists beyond and outside of this temporal concept/construct (D'addario 421). Completely contrary to Andrew Marvell’

Harrods Essay Example | Topics and Well Written Essays - 500 words

Harrods - Essay Example There is no denying the fact that every person is supposed to visit Harrods when in London. Harrods is an integral part of the essentially British culture and taste and has an image for luxury, which would take nothing less than an act passed by parliament or a civil war to change or alter. However, aligning Harrods with tradition and heritage does not mean that the brand is old fashioned in its approach towards business. For Harrods it is all about retaining its traditional associations with luxury, while continually redefining the image in consonance with the latest, the best and the most coveted in fashion and design. It would not be wrong to say that Harrods do qualifies to be labelled as one of the world’s most prestigious luxury store and the store is well aware of the fact that it takes a continual dedication to and cognizance of the needs and aspirations of its high end customers to retain this status. Harrods offers a massive range of brands and designers to its fashi on savvy customers. Thus Harrods is the right place for anyone who is passionate about fashion, who wants everything under one roof and who is not willing to compromise when it comes to comfort and luxury. Harrods places emphasis on the ability of its personnel to get to know the choices and aspirations of its customers. .

Capm And Fama French Three Factor Model Finance Essay

Capm And Fama French Three Factor Model Finance Essay Shortly after the ground-breaking work of Markowitz on modern portfolio theory (1952) a new branch in Finance developed trying to explain the expected return on any financial asset. Soon the model with probably largest impact on the financial industry was born, the Capital Asset Pricing Model. Even after many different studies questioning the validity of the model, it is still the most used by practitioners. A lot of other models were subsequently developed on the same reasoning. Fama French Three-Factor Model is considered one of the most promising and consistent. We start this paper briefly explaining the CAPM and its shortcomings. On those grounds, we explain the Fama French model. Then, we test both models in US data from 1967 till now. Different portfolios were used, testing for the impact of size, book-to-market ratios, and the specific industry. We end up drawing conclusions on the results found. CAPM The Capital Asset Pricing Model (henceforth CAPM) has a very curious history, being built independently by Jack Treynor (1965), William Sharpe (1964), John Lintner (1965) and Jan Mossin (1966), all in the same time span of the early sixties. This work was based on the earlier revolutionary theory of Markowitz and also on Tobins Separation Theorem. The CAPM has several strong assumptions inherited from the said projects of mean variance efficiency that essentially create a perfect market environment. Investors are rational and risk averse, can borrow and lend unlimited amounts at the risk-free rate and have homogenous expectations and information about all assets returns. There are no taxes, inflation, transaction costs, no short selling restrictions and all assets are infinitely divisible and perfectly liquid. The assumptions constrain the setting for the CAPM world. They set a stage that only non-diversifiable risks are rewarded with extra returns, and since each additional asset introduced into a portfolio further diversifies the portfolio, the optimal portfolio must comprise every asset with each asset value-weighted. All such optimal portfolios comprise the efficient frontier. This makes the expected return of any asset or portfolio to vary linearly with the returns of the market portfolio, according to the following formula: Beta is the key measure as it gives the sensitivity of the excess returns of an asset or portfolio compared to the excess returns of the market portfolio. Since the unsystematic risk is diversifiable, the risk of a portfolio can be viewed as beta. The CAPM is best described by Sharpe (1988) as a simple, yet powerful description of the relationship between risk and return in an efficient market. This is a very intuitive thought process. The level of returns one expects to get is directly related to the exposure to market volatility. Stock specific error is diversified away when choosing the efficient portfolio, and as such the only source of return comes from choosing the relation your portfolio has with the market. The CAPM is so important that the standard deviation of a stock return no longer was the normally used risk measure, but rather its relation to the market returns. It is also the number one tool to find discount rates for company valuation and for portfolio management. However it has not been free of criticism. CAPM criticism After it was proposed, empirical tests were executed normally running the following regression: Where a proxy of excess market returns is used and regressed against a certain asset return. The Alpha of the regression indicates the excess return (either positive or negative) that is not explained by the CAPM. According to CAPM, as the correlation with market should completely explain its return, the apha of the previous regression should be 0. First of all, the use of a market proxy leads to Richard Rolls critique (1976). It is quite simple but revealing and it simply states the CAPM can never be tested as the exact composition of the market portfolio is not known. All proxies used might be mean variance efficient but the market might not, leading to all tests being inherently biased. Besides, the interpretation of Beta using market proxies leads to relative measures of risk, as the Beta obtained depends on the market proxy used. Besides Rolls opinion on the theory, a number of anomalies were found on the model. Characteristics such as size, earnings/price, Cash flow/price, book-to-market-equity, past sales growth had effects on average returns of stocks. These are called anomalies as they are not explained by CAPM, leading to the idea that risk is multidimensional and as such the CAPM is fundamentally wrong in its core conclusion. Eugene Fama and Kenneth French (1996) made the greatest stride, when stating that anomaly variables include a risk premium contained in the characteristics of these variables. These anomalies are mainly divided by two main factors. Size, which they explain theoretically, and relative distress, passing through the E/P and book to market as measures. Fama French Three-Factor Model Eugene Fama and Kenneth French since expanded the CAPM to the Fama-French (FF) tri-factor model (1992), which adds two variables to capture the cross-sectional variation in average stock returns associated with market: Beta, size, leverage, book to market and earnings-price ratio. This creates the following model: , which can be transformed into Where the factors added to the CAPM are the SMB (Small minus Big), a measure of the historic excess return of small caps over big caps, and HML (High minus Low), the same difference for returns of value stocks over growth stocks. This model is not as widely used as the CAPM, but we will test empirically if it performs better than the original one-factor model. Methodology After introducing the theoretical bases of these models, we will explain the methodology we used on our tests. We used data from Kenneth French ´s website, consisting of market excess returns from NYSE, AMEX, and NASDAQ firms and the values of returns from all those companies divided into size and book to market quintiles and also divided into five sections of industries Consumer Goods, Manufacturing (energy and utilities), High-tech, Healthcare and Service industry. The data is monthly from 1967 to 2010. Our variables of interest comprise the alphas of each regression (i.e., returns unexplained by the model) and the adjusted, which adjusts for the number of explanatory terms in a model unlike the regular, the adjusted increases only if new variables improve the model. We used all this data to run the normal empirical test regression expressed in (2). We will ignore Rolls critique in the tests and use a certain market proxy as in our opinion data on returns of a certain index representative of the country where investors negotiate is quite representative of market returns, as that data is amply divulged and influences all assets related. Results These are the results in regression form and the values of the alphas obtained with double standard error bands: Table 1 Regression Results from Size Portfolios (Values in parenthesis refer to the t-stat of the variable above) Looking at the alpha values of the regressions under the CAPM, the 4th quintile is the only one significant on a 95% confidence interval. All the beta values are significant and different than zero. Alpha values decrease as we go from portfolios of smaller to bigger companies, as does the of the regressions. As for the Fama French model, the values of factors are significant in all the size regressions, and the alpha value is only significant in the 5th quintile of biggest companies. The follows a similar behavior. These results seem to favour the tri-factor approach, as including the SMB variable seems to improve the quality of fit of smaller companies. The difference in the adjusted of the lowest 20% quintile between the CAPM and Fama French models is a whopping 30%, indicating that some unsystematic risks, captured by the difference between big and small firms, affect returns. In other words, these results favor Fama and French ´s model in explaining returns over the CAPM. Chart 1 Plot of CAPM alpha with double standard error band Chart 2 Plot of FF alpha with double standard error band These charts tell a more interesting story. The alpha values of the CAPM diminish a lot when going from small cap quintiles to large cap ones, from relatively high alphas to close to zero. Everything changes when using FF three-factor model where the alpha values are negative for small caps and go to positive when moving to bigger companies. The larger range of alphas in the CAPM over FF, especially in smaller companies, again indicates that returns are not fully captured by measuring only correlation with the market. Accordingly, by adding SMB this range is considerably reduced, especially in the portfolios based on the lowest 20% companies in size. Table 2 Regression Results from Book-to-Market Portfolios (Values in parenthesis refer to the t-stat of the variable above) Here the Betas of all regressions are significant. The fourth and fifth quintiles on the CAPM present a high alpha rejecting the null hypothesis that they are not significant, with a 95% confidence level. On the other hand, the FF model rejects only the lowest 20% B/M portfolios, and by the tiniest of margins. These results show evidence that Fama and French were indeed correct by considering the HML factor in their regression. In fact, the existence of significant alphas in the two highest quintiles in the CAPM, combined with the substantial differences in the adjusted 13% for the 4th quintile, almost 20% in the 5th again demonstrate that CAPM is not considering important variables in determining returns. Chart 3 Plot of CAPM alpha with double standard error band Chart 4 Plot of FF alpha with double standard error band As the B/M values increase, CAPMs results are ever worse regarding alpha. By adding double standard error bands, CAPMs portfolios based on the highest 20% value have alphas ranging from 0.1 and 0.6, very substantial values. FF performs much better, with alphas not moving far away from 0. Table 3 Regression Results from Industry Portfolios (Values in parenthesis refer to the t-stat of the variable above) Chart 5 Plot of CAPM alpha with double standard error band Chart 6 Plot of FF alpha with double standard error band Contrary to the previous analysis, the three-factor model only displays marginal improvements in the adjusted to the single-factor model when dealing with industry-based portfolios. In fact, the FF model has significant alphas in two different industries Health Care and Others while the CAPM has none. Moreover, the SMB variable seems to be irrelevant in the Consumer Goods and in other industries. We should not be surprised by these results, as the FF model was built around two ideas: small companies and those with high B/M ratios were undervalued by the market. Thus, when analyzing portfolios based on different restraints (like industry) the model will not perform much better compared to the CAPM. A note on Fama-French Three-Factor Model The FF model is an extension of the CAPM model in the sense that it uses two extra factors: SMB and HML. The first one increases the modulation of different size portfolios. The second one addresses the difference in book values of companies included in different portfolios. We suspect that SMB is in fact important whenever we are trying to predict the different performance of portfolios split using size as the criteria. The same reasoning can be used to portfolios split using book-to-market ratio as the criteria. We decided to apply this idea to the data, computing the average contribution of each factor to the total excess return of each portfolio. The resulting table is presented below. Table 4 Factor Contribution to Excess Return We can see that, as we suspected, SMB is in fact very relevant (19% on average) to explain the excess return of different portfolios split with market size criteria. That is even more critical when we are considering portfolios of smaller stocks. In those portfolios, the factor HML is not particularly important. When we move to book-to-market value different portfolios, it is HML that contributes significantly (14%), especially to high book-to-value stocks, and SMB can be neglected. Finally, when the criterion to split portfolios is neither size nor book-to-market, the two extra factors of the Fama-French model have no explanatory power on average. We can see the average weights are very close to standard CAPM. We can speculate on the difference across industries: for instance, hi-tech and health care stocks tend to have higher book-to-market ratios, and so the HML factor is relevant. It is possible that a factor like high dividend yield less low dividend yield might be robust to explain performance differences among portfolios split according to dividend yield level. We are not questioning the applicability of the Fama-French model. What we are addressing here is that each factor does not have a generalized relevant contribution to explain excess returns. In certain situations, like small cap portfolios and growth stocks, each factor in turn becomes very important. Outside of these native environments, the factors do not contribute to explain or predict excess returns. Final Remarks Throughout this work we have shown that Fama and Frenchs tri-factor model is superior to the CAPM in capturing some non-systematic anomalies not considered by the simple one-factor approach. These anomalies include the undervaluation of small firms and those with high B/M ratios. Adding variables that reflect this effect considerably improves the quality of fit of the model and eliminates loose ends as reflected by the significant alphas present in some portfolios using the CAPM. However, we must pay close attention to data, as performing a FF regression on data that does not reflect these variables, as industry does not improve the models. References and Other Bibliography Fama, E. F., French, K. R. (1992). The Cross-Section of Expected Stock Returns. The Journal of Finance, 47(2), 427-465. Fama, E. F., MacBeth, J. D. (1973). Risk, Return, and Equilibrium: Empirical Tests. The Journal of Political Economy, 81(3), 607-636. Lintner, J. (1965). The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets. The Review of Economics and Statistics, 47(1), 13-37. Markowitz, H. (1952). Portfolio Selection. The Journal of Finance, 7(1), 77-91. Mossin, J. (1966). Equilibrium in a Capital Asset Market. Econometrica, 34(4), 768-783. Roll, R. (1977). A critique of the asset pricing theorys tests Part I: On past and potential testability of the theory. Journal of Financial Economics, 4(2), 129-176. Sharpe, W. F. (1964). Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk. The Journal of Finance, 19(3), 425-442. Treynor, Jack L. (1965). How to Rate Management of Investment Funds. Harvard Business Review, 43(1), 63-75.

The Nature of Terrorism :: Terrorism

Given the growing global threats of terrorism, it is significant that an understanding of the history, nature and mechanism-premises under which terror operates is obtained. This is significant as it would shape the perspective of policy makers when addressing issues of this nature. Terrorism, as it is understood is the action of none-state weak actors, individual or groups, who for some reasons feels suppressed, marginalized and, or denied what they may view as the basic human right. All terrorism has political objectives, even though the perpetrators may use religious relics to appeal to a wider existing audience, and invoke a response through violent act to prove or propagate their point. Yoram Schweitzer in "Suicide Terrorism Development & Characteristics," Mark Sedgwick in "Al-Qaeda and the "Nature of Religious Terrorism," and Dr. James Armstrong, all demonstrates that suicide terror attacks are politically motivated even though the perpetrator may use religious symbolism to jus tifies their acts. Observing areas in the world where terrorism is frequent, especially in the Middle East, it can be argued that groups that engaged in terrorists' activities are those that feel suppressed and taken advantage of by a much greater power. Thus, terrorism, particularly suicide terror is prevalent in areas where systems of gross injustice seem to exist. Therefore, the actual use of terrorism by non-state actors is a tactic aimed at polarizing the population in their favor. By killing people in mass number, they are attempting to take away the view that only the state can legitimately kill – thus undermining the state authority. As Armstrong, Sedgwick and Schweitzer exemplify, suicide terrorism is not a new happening, but an old historical phenomenon. And that just as modern day terror organizations, particularly Al-Qaeda, uses religious concepts to motivate its actions (though their immediate goal is political), various old terrorist groups have used similar approached to achieve t heir political end. To understand the history of suicide terrorism and how terrorist groups in the past have used religious tone to propagate their political course, Armstrong pointed out the Zealots-an extremist Jewish sect that opposed Jesus. The Zealots engaged in political assassinations of their political foe, knowing that they would be killed in the process. Even though their ultimate goal might have been religious, the Zealots immediate aim was political. In the same way, during the third century, the Assassins- a notorious terrorist wing (similar in nature to Al-Qaeda) in modern day Syria, assassinated many of their political opponents in order to establish their own form of Islam.

Personality Psychology Essay

Everyday, we meet different kinds of people. It can be our friends, family or new acquaintances. Some of them we already know or even share a common trait. However, it is not always guaranteed that we understand them always. They may behave in this way today, but will be completely different tomorrow. Just as genes contribute to the uniqueness of each one of us, personality in every person is also distinct. Personality is defined as the entire mental organization of a human being at any stage of his development. It embraces every phase of human character: intellect, temperament, skill, morality, and every attitude that has been built up in the course of one’s life (Warren & Carmichael, 1930). With this concept in mind, we can say that personality is the essence of the human being. He reacts to any life circumstances with his own personality. Psychology regards this as an important factor in understanding people. Personality can work itself on what you are now and how will you be in the future. Research efforts have been expended through the years on how personality develops on one person. Studies on the different patterns of behavior, feelings and thoughts that make a person have been experimented. David and Larsen mentioned in their book that the fundamental components of personality are the following: (1) consistency, which means that people behave in a recognizable order; (2) psychological and physiological, aside from the works of the mind, personality is also governed by biological factors; (3) impact behaviors and actions, it does not only influence how a person respond, but also causes him to act in certain ways and; (4) multiple expressions, personality is embodied not only on one behavior. Given these complexities, it has become a basis of school of thoughts to theorize a person’s personality. Nevertheless, most researchers unite on the fact that personality lies on biological and social systems. Early psychology attributes personality as influence of biological factors. These are what to be known as Type Theories. It tells us that it depends on a person how he reacts on the external environment. One can be extroverted or introverted. Another type of personality theories are the Trait Theories. According to the American Psychiatric Association, traits are enduring patterns of perceiving, relating to, and thinking about the environment and oneself that are exhibited in a wide range of social and personal contexts. Traits can be considered also as a big player in defining one’s personality. Overtime, researches on personality has evolved. Earlier, it directs its focus on the person itself, but later on, psychologists acknowledge that the environment the person plays with also dictate his disposition. A person’s personality can change depending on what he sees on other people, not only what he believes in himself. Behavioral and social cognitive theories comprise the contemporary theories on personality. Together with the evolution of personality research, personality tests were also developed. These are very useful nowadays to educational and working environments where people are subjected to diverse kinds of people and experiences. Understanding a person’s personality is an important indicator to teachers and bosses, since this will aid them in handling other people. Personalities of people continue to be a mystery to most of us. However, with how psychology evolves, we can now, if not all, pinpoint the factors that will let us understand how people behave. True enough, it is still a very interesting topic to look on to, given the challenges of the ever changing society. Bibliography Buss, D. M. , & Larsen, R. J. (2006). Personality Psychology: Domains of Knowledge About Human Nature. New York City: McGraw-Hill Humanities/Social Sciences/Languages. Robins. (2002). Overview of the proceedings of the 2002 meeting of the association for research in personality. Journal of Research in Personality, 36(6), 539-540. Warren, H. C. , & Carmichael, L. (1930). Elements of human psychology. Massachusetts: Houghton Mifflin.

Product Offering

Product Offering IntroductionMicrosoft plans to introduce new software products to China and other developing nations. Strategies need to be developed to develop Microsoft into Chinese culture. Brand image and potential will need to be evaluated. The Chinese market needs and risks are analyzed in our paper. In our introductory product launch, we show Microsoft's potential for software sales in China.Market Needs and GrowthMicrosoft is globally recognized to be a high quality brand. The company has dominated the market in retail software sales, driven by advertisements and successful marketing strategies. To increase their market share in developing countries, Microsoft faces several challenges, including high pricing for the demographic, piracy of the software, and loose government regulation on illegal software systems. Microsoft will need to overcome these challenges by marketing information to its customer demographic. Xiaobai (2005) has suggested that working with the Chinese government officials to show the importance of product licensing can lead to increased piracy enforcement.Microsoft BuildingWith high brand equity in Asian countries, Microsoft will likely be able to expand its market and financially succeed.As any company looks to offer new products or expand into new territory, understanding our market and acting on that knowledge is essential for sales and marketing success (Primary Intelligence, 2007). The Chinese market is expanding; however the business profits are lower than the United States and other countries. Microsoft has experienced an unfortunate start in China. Software prices were extremely high for Windows operating system and office applications. The organization learned the Chinese population pirated Windows and the Chinese government started using Linux, a free open-source operating systems.Product Offering DefinitionThe product offering is a subscription-based copy of Windows 7 for emerging countries. Despite preventative measures, piracy rates of software in developing nations exceed 90% (Gopal Sanders, 1998). The product is bit...

How much of the emotion in the play comes from the relationship between Raleigh and Stanhope Essays

How much of the emotion in the play comes from the relationship between Raleigh and Stanhope Essays How much of the emotion in the play comes from the relationship between Raleigh and Stanhope Paper How much of the emotion in the play comes from the relationship between Raleigh and Stanhope Paper Essay Topic: Alice in Wonderland Literature Before the war, Raleigh and Stanhope had a strong relationship. Their families were friends, and Stanhope found a love interest in Raleighs sister. We learn that they were good friends when early on in the play Raleigh says to Osborne: Our fathers were friends and Dennis used to come and stay with us in the holidays. Of course, at school I didnt see much of him, but in the holidays we were terrific pals. The last time Raleigh saw Stanhope before the war was when Stanhope won a Military Cross, awarded to him for bravery. Stanhope was giving a talk to his old school, the same school that Raleigh attended. It was after this talk when Raleigh decided to enrol for the war. He pulled strings to get himself into the same company as Stanhope. Raleigh was able to do this because he had an uncle, who was the person in charge of sending different people to different companies. This is why he appears to be so excited about the war, because he is reunited with his close friend and role model Stanhope. He expresses his enthusiasm towards Stanhope when he says: Im awfully glad I got to your company, Stanhope. Stanhope on the other hand is not as enthusiastic towards the war. He has spent three years fighting, and seen many of his men die. He finds that the only way to cope is by drinking whisky. He is not the only other person who has been affected by the war; Sherriff puts this point across by showing what the war has done to the other officers. Osborne blocks out the horrors of the war by reading Alice in Wonderland, a childrens story which just keeps him occupied instead of letting him think about the war. He also engages in meaningless conversations before going to raid. We know this because before he and Raleigh make a dangerous raid he starts talking about pigs, which bear absolute no relevance to the war. At this point Raleigh is still enthusiastic, he just keeps on talking about the war. A group of officers drink champagne after Osborne has died, not out of celebration but to forget about what has just happened to their friend. They drink champagne because it is well known that champagne works quickly on the body. Stanhope drinks yet more alcohol at this point because he starts drinking whisky straight after the champagne. Stanhope is not a bad officer with drinking problems, and the reader knows this. The reader learns that despite his dependence on alcohol, Stanhope is a good officer for in reply to Hardys observation Poor old man. It must be pretty rotten for you, being his second in command, and you such a quiet, sober old thing. Osborne replies, Hes a long way the best company commander weve got. Throughout the play, Stanhopes qualities as a good leader begin to show more and more. We realise that he will not send men to do something that he himself would not do. We also realise that he will not tolerate cowards within his company, as he manages to keep Hibbert in the company, instead of letting him walk away from the war leaving his fellow men to die. At this point he in convincing Hibbert to stay, by telling him: Better die of pain than to be shot for deserting. Despite being a good officer, he is a changed man to what he was before the war began. His father is the vicar of the small town in which he lived. He was known before for how he would not tolerate people drinking alcohol, this is shown when Raleigh talks about how Stanhope to Osborne early on in the play: I remember once at school he caught some chaps in a study with a bottle of whisky He gave them a dozen each with a cricket stump. Now however he himself is a heavy drinker, and this information can get back to his hometown via letters from Raleigh. Therefore Stanhope is scared of being exposed and bringing shame to his family and to the woman he loves (Raleighs sister). Here he expresses his fear to Osborne, about what Raleigh may do: You know hell write and tell her that I reek of whisky all day. This fear of exposure is what is making Stanhope negative towards Raleighs presence. He knows he has a problem and that he will never be accepted back into his town if he is exposed, because the people there will not understand his problems, and that is why he has the sympathy of the audience. He admits his weakness to Osborne by saying: There were only two ways of breaking the strain. One was pretending I was ill and going home; the other was this. (He holds up his glass). Stanhope is so scared of what may be said about him, he actually attempts to censor Raleighs letters home, this only makes the audience more sympathetic because they can see how much he wants to remain a hero in his town, and to his love interest. Raleigh also has the sympathy of the audience, because he has joined the war and in particular this company thinking that it will be an adventure. Instead the reason that persuaded him to come, Stanhope, rejects Raleigh leaving him feeling sad and lonely. The audience can also relate to Raleigh because like him, they have no idea about the ugly things that occur during war. They realise he is vulnerable to all of these things, especially after Osborne dies. Osborne was the one person who Raleigh bonded with, he was fond of Raleigh from the first time they met, he comments, Hes a good-looking youngster. I like him. Stanhopes fear erects a barrier between himself and Raleigh. He does this by constantly rejecting Raleigh, an example is when Stanhope shouts at Raleigh, here he continues building the barrier by telling Raleigh not to refer to him as Dennis and by showing him who is boss: Dont Dennis me! Stanhopes my name! Youre not at school! Go and inspect your rifles! The barrier is made poignant because the audience and Stanhope know that everyone is going to die in the forth-coming raid. The audience learns this when Stanhope orders his men to wire both sides of the trench, allowing no escape an indication that they are going to fight until the last man. The audience may have also realised this because the title of the play is Journeys End showing that the journey of these men will come to an end. It is poignant because the audience know that Raleigh and Stanhope are best friends who will die together and who will not be able to cherish their last few days together because Stanhope is not allowing himself to get too close to Raleigh. The poignancy is increased as Raleigh remains excited at the fact that he has come to spend the rest of the war with Stanhope, little does he know that they will only have three days with each other, and those days will not be as memorable or as well spent as he could hope. It can be seen that Stanhope is actually trying to protect Raleigh but because he is unable he does not get too close to him. This barrier is broken down at the very end of the play, when Raleigh is hit during the attack by the Germans. It is Stanhope who breaks down all of the barriers, the same barriers that Raleigh has been seen trying to remove. They start using each others first names again because it has finally become apparent to Stanhope that Raleigh is dying, and cannot send home any information. Therefore Stanhope is willing to be friends with Raleigh, as he wants them to leave each other on good terms. This is from when Stanhope breaks down the barriers that he initially set: Its quite all right Jimmy. Therefore I can conclude that almost all of the emotion in the play comes from the relationship between Raleigh and Stanhope. The deaths of the other officers seem irrelevant when the play is finished, because of the tragedy, which is Raleighs death. Raleighs death is more tragic than most because he came to have a good time but he was miss-treated until the very end when all was made up, and he was also very young with many ambitions and didnt realise what he was letting himself in for by joining the war. The emotion also comes from the barrier set up by Stanhope because the audience can sense a tragic ending but do not want it to take place.

Musical Theaters Assignment Example | Topics and Well Written Essays - 500 words

Musical Theaters - Assignment Example The first factor that made musical theater leap from â€Å"Oklahoma† to â€Å"Rent† is attributed to the uniqueness of the performances in theaters. (Everett & Laired, 2009). Theaters became revolutionized in that performances included singing, acting and dancing. The actions of; singing, acting and dancing instilled new life in the theaters, and eradicated the old fashion theaters, which only involved acting. In essence, the musical, â€Å"Oh what a beautiful morning† portrayed both aspects of signing and acting. The theme of the musical contained lyrics, which inspired a great number of people, and this made the musical very appealing (Everett & Laired, 2009). The second factor that made musical theaters leap from â€Å"Oklahoma† to â€Å"Rent† is related to the society. The musical â€Å"I will† by Jonathan Larson is performed by individuals from impoverished societies faced with negative issues such as poverty and AIDS. Through this, the theater became appealing since many individuals found relevance while in the theaters. Individuals in American societies and around the world, mostly the youths, found themselves on the negative side. Musicals such as â€Å"Oh what a beautiful morning† flourished as it touched a great number of individuals. The inspiring nature of the two musicals â€Å"Oh what a beautiful morning† and â€Å"I will† added with the drama and music definitely appeals (Everett & Laired, 2009).

Impact of Fetal Alcohol Syndrome Research Paper

Impact of Fetal Alcohol Syndrome - Research Paper Example 2005) Due to this Fatal Alcohol Syndrome, children that are born are mostly with less dramatic physical defects but with many of the same behavioral and psychosocial characteristics as those with FAS. Fatal Alcohol Effects are often thought of as lower on a continuum than FAS, but this is not correct. Many individuals with FAE, while looking quite normal, have significant deficits in their intellectual, behavioral, and social abilities which prevent them from leading normal lives. About forty-four percent of women who drink heavily during pregnancy will have a child with Fatal Alcohol Syndrome. Of the other fifty-six percent, some will have Fatal Alcohol Effects, be Fatal Alcohol exposed, to minor learning and behavioral difficulties. A few will be normal apparently. (. (Tubman, 1993). Impacts of FAS on Children: There are certain factors which determine that whether the child will be affected with FAS or FAE. The first factor will be the genetic makeup of the mother and the fetus. I t has been observed that many people of a certain population have similar genetic compositions. From various studies and researches, it has been suggested that for example if some individuals of Native American descent do not make enough of an enzyme necessary in the breakdown of alcohol in the liver or some are lacking that enzyme all together, then these individuals would be at genetic risk of passing this trait onto the fetus. A mother's nutritional status and physical well-being might also play roles of varying significance in determining whether an infant is affected, and to what degree, by the prenatal exposure to alcohol. A vivid research is necessary to determine the reason that some developing fetuses are more vulnerable to prenatal exposure to alcohol than others. The knowledge base in this arena needs to be greatly expanded. There is a continuum of effects that can result from maternal prenatal consumption of alcohol. (Olsen and Tuntiseranee 1995). The most common effect that is observed is a rise in the degree of spontaneous abortions which in other word also known as miscarriages. Babies can born with low birth weight, low birth length, and with a small head circumference resulting from prenatal alcohol exposure. Some of the other effects caused by maternal drinking ranges from an increase in the number of stillbirths, an increase in the number of birth defects, increased developmental delays to Fetal Alcohol Syndrome and an increased death rate. If a child needs to be diagnosed for FAS, then the child must have a distinct pattern of facial dysmorphia, growth problems, and evidence of abnormality in his central nervous system (CNS). (Beattie et al. 1983; Caley et al. 2005) Facial Dysmorphia: For diagnosing facial dysmorphia, three facial characteristics are required which is a smooth philtrum, a thin vermillion, and a small palpebral fissures based on racial norms. (Connolly-Ahern and Broadway, 2008). Growth Problems : A diagnosis of a child suffe ring from FAS requires confirmation of growth deficits including prenatal or postnatal height or weight, or both, at or below the 10th percentile, documented at any one point in time adjusted for age, sex, gestational age, race or ethnicity.( Connolly-Ahern and Broadway, 2008). CNS Abnormalities: There are three categories on which children with FAS have been diagnosed. One of them is structural abnormalities which consist