Trade Deficit

Trade Deficit and Current Account Deficit [Name of the Writer] [Name of the Institution] Trade Deficit and Current Account Deficit Critically examine this statement, â€Å"Current Account Deficits do not seem to matter anymore – the US$ appears to remain unaffected by escalating US trade deficits†, by reference to the â€Å"Balance of Payments Approach† to exchange rate determination The trade deficit of the US is at exorbitantly high levels. Many economists suggest that depreciating the US dollar would help put a squeeze on United States enthusiasm for globally produced goods.Since this move of depreciation would inherently curb the exaggerated import costs that the US so loves to incur. Furthermore, these three critical factors essentially would help limit the import prices incurred by US due to the trend of rising demands that has permeated in the societal culture: * The practice of using USD for US trade invoicing; * Exporters concerns on market share dynamic s, and; * The outrageous US distribution costs. $759 billion is the aggregated US trade deficit in 2006. This is six percent of the actual nominal GDP of the country.One of the biggest contributory factors is the impasse of plethora of imported goods from foreign lands. In the perspective of numerous investigators and policymakers, dollar depreciation remains a crux system for tending to this export-import imbalance and restoring the worldwide competitiveness of American producers. Indeed in principle, a weaker dollar might as well raise the expense of different merchandise for U. S. consumers, in this manner diminishing U. S. mandate for imports in the meantime that it helps gather interest by foreign nations for U. S. products by making the country's exports increasingly cost-focused abroad.My investigation uncovers that dollar depreciation is unrealistic to shut the exchange crevice courageously. To make sure, remote request for U. S. exports may as well develop, as speculation p redicts. Since basically all U. S. exports to different nations are invoiced in dollars, remote buyers will determine an instantaneous profit from dollar depreciation as the expense of their buys decreases in varying foreign currencies. Notwithstanding, the value of outside imports for U. S. consumers will be impressively increasingly versatile to conversion standard updates.Exchange invoicing practices, it is contended, donate altogether to the lack of care of import costs to trade rates. Since very nearly the sum of the products that the United States imports, for instance those it exports, are invoiced in dollars, the costs of foreign made merchandise remain settled for a period when trade rates change. Also, even in the longer term—over, state, the year emulating dollar depreciation—the craving of outside makers to remain focused in the huge U. S. business sector might lead them to oppose expanding the dollar value of their products.Beyond any doubt, the atypically towering showcasing and appropriation takes added to imports once they drop in the United States—fetches designated in dollars—further isolate the last utilization value of foreign made merchandise from conversion scale updates. The American President stated that: â€Å"The best way to, deal with the trade deficit is to make sure that America is the best place in the world to do business†¦ † Examine this view that promoting growth is more effective than direct targeting of the trade deficit USA is a diverse country with numerous of its regions continuously producing high growth, innovative companies.These companies have risen above the economic downturn that hit the global economy in the start of the 21st century. Rather with surprise, the diverse US states boast such companies not only distributed in the locales of Silicon Valley and Boston but rather in most of its states. End of 2012; saw a sharp decline in the trade deficit of the US. In this period, o il imports drastically reduced whereas exports increase sharply. This essentially iterates that the shrinking trade gap, has improved on the government’s estimated growth and trade deficit levels.Furthermore, the levels reached in the closing months of 2012 indicate towards levels that have not been observed in the last three years. This is a positive inducement. Exportation of US products saw rise in oil exports and other petroleum based-product exports. Further, aircraft sales and agricultural good sales also demonstrated positive increment. Various economists believe that this is a very encouraging sign. Though, economists have stated that the essential focus of the US treasury should be to enhance growth in the country, and secondary considerations should be given to the trade deficit.This assertion is based on the belief that reinvigorating the business systems of the country would deplete the rising gap between the socio economic classes of the country. Furthermore, ind ividual families would be given financial stability and long term sustainability. It also has to state that the narrowed gap between imports and exports, i. e. the trade deficit, essentially iterate that US corporations earn extra then their foreign counterparts. Furthermore, domestic consumption of foreign goods is also less in comparison.It is expected that the companies are not piling up their inventories; this indirectly suggests that curbing expenses including cuts in defence spending would help in keeping a positively skewed growth rate in the future months. These events would see an additional negative pressure on the trade deficit that has started to show signs of decrease. As such economists are of the view that trade will be favourably impacted in 2013. These forecasts are dependent on premises that iterate that the EU debt crisis will finally show some features of stabilizing.This would further give a positive boost to the US exports. Moreover, economic growth witnessed i n Asia would also positively impact the growth potential of the US. One of the biggest negatives for US is the rising trade deficit between China and the US. This trade deficit climbed to a spectacular 300 billion mark in 2012. This would be the biggest pressure point on the growth prospects of the US economy. Economists have confronted this issue by attacking the economic policies of China, specifically the country’s practices to artificially peg their currency at far lower levels, than is required.This assertion is made with the logic that such an economic move by China would essentially lower the costs of its exports in the US. UK trade statistics show similar trends to the US situation. Review the suggestion of b) above for the UK situation UK trade statistics show similar trends of that of US i. e. ever-increasing trade deficits and curbing growth prospects. Given these circumstances and the global economic turmoil that hit the global economies in the early years of the millennia, it is disappointing to even follow the growth prospects of the World, let alone the UK.Britain’s trade deficit also demonstrates a serious picture of disappointment. Economic chiefs of the country suggest that the super competitive currency i. e. the British Pound Sterling can be the glimmer of hope in this dismal economic prospect. This is because the currency is almost a quarter below the pre financial crisis levels. In 2008, December reports indicated that the nation’s deficit consumed after trade sharply rose to 14 billion pounds. One of the biggest factors of this deficit jump is attributed to magnified increase in aircraft import costs.Given these factors, it juxtaposes a truly saddening prospect for the country. Economists who eagerly made plans to rebalance the economic prospects of the economy, by cashing on the decline in pounds value to feed increases through export based growth. BoE has thus decided to restrict any particular changes to the inter est rates. This was due to suggestions that raising the rates would cause pound to appreciate, thus thwarting the trade prospects, negatively. Nonetheless, declining GBP has not appeased the concerns of above targeted and persistent economic inflation, as well as higher than necessary import prices.Current UK growth prospects and outlook suggests that the region would see improvements, although the road to recovery would be filled with bumps and slowness. Outlook prospects also indicate that consumer spending would be positively impacted. Furthermore, squeezes on real incomes would also subside, slowly. These are thoughts that do not cross the normal household. As such they remain scared, and cautious towards excessive spending. This is keeping a tap on growth. UK economy does not have the support of infrastructure of commerce that is established in the US.As such the economy is overfilled, without vacuum, and without much chances of astronomical growth. Additionally, close associat ions with a debt ridden EU has also kept pressures on growth. Though, it is accepted that growth in the nation is the biggest policy to be looked for, economic wise. Moreover, trade deficit should be given a secondary consideration. References Smith, David (2011) Trade Deficit Sunday Times The Balance of Payments and Macroeconomic Policy in an Open Economy Book Chapter

Experiencing a New Country: France Essay

In this short essay, I chose a country I traveled to that opened my eyes to different cultures. France is a country full of diversity and a place I would feel honored to return to, in hopes of learning more from the culture they have to offer. Traveling to France I expected to be entranced by the grand architecture and art that had contributed to history, I was mistaken. I found the heart and soul of the nation in the people. I realized, after much travel, that it is the people and their culture continually that amaze me. After exploring France, I discovered the invigoration of hearing a dissimilar language and learning how to adapt to the new environment. While some travelers carried the pride of their nation, I found it invigorating to assimilate into my new surroundings. In order to accomplish this, I decided to learn French in hopes that continual study of common practices would allow me to live the life of a Frenchmen. Upon arrival I found it easy to adopt the concept of public transportation, and each metro ride became more satisfying as I met varying people of varying nations. I then adjusted my eating schedules and found a taste for French cuisine. With this, I commenced greeting my fellow Frenchmen with, â€Å"Bonjour monsieur! † I was determined to not leave as a stereotypical tourist. I made it my goal to experience the nooks and crannies far from tourist France that is so often portrayed. That is when I found myself sitting in a local brasserie sipping â€Å"une lemonade† and thinking this is one adventure of a lifetime. Now being back in Texas, I hope to embark in my next adventure, to be apart of Colgate Univesity, an institution rich with culture and diversity that produces diplomats of the world.

Starry Night, by Vincent Van Gogh Analysis

Rebecca Shulman February 25, 2013 ENGL 205-04 Epic and Romance Paper #1: Starry Night by Vincent Van Gogh, 1889 Swirls mix with white, yellow, blue, and black as the town sleepily yet still so helplessly moves on with its life. No one can truly understand the mystery of the night until they’ve watched it grow. The night is born so magically as the sun of the day descends over the horizon and the moon peeks in through the shadows. It’s a darker sun, and although it is not quite as bright as the first, it is still able to shine down and create a new light for those who wake.The earth is cooled to the core as the town howls with blue breezes, while the wind chills the bones of those who walk the streets. I ponder at this painting, and wonder what thoughts pop in the minds of those whose eyes before mine have already fallen upon this golden wonder. It seems like such a small and quiet village, where the trees, so dark and gloomy as they are at dusk, grow ascending from the ground and are never ending structures.Behind the eyes of the painter was the thought of an ever-changing starlit sky in France, comparing dark with light and how it’s effects were so important to how life can look in one of the many perspectives. The oils are swimming expectantly across the page, creating this wild cotton candy vibe to the soft creamy delight of sweets that enter my imagination while I sit and stare at the tinted buttercream colored moon.As it smiles in my direction, I imagine what it’d be like if there were tiny raindrops slowly falling, but there isn’t a single cloud among such radiant tiny balls of fire. The lines in the sky dance and twirl like waves of an ocean crashing along the shore during the mightiest of storms. I can’t help but wish that I could be a part of this memorable scene, thinking what it would feel like to swim amongst the honey dipped stars so high above me, as I raise my hands and lift my chin, aiming towards the he avens.I’d look below me as my arms spread so angelic, looking down toward the low-lit buildings as I surf around this world full of beautiful wild colors of nature. Though there is a glow throughout the drawing, there is also a clear exactitude of how the sky and land are separated by colors. Where the skies glow of yellow is stronger than it is near the ground, the brightness of the waning moon shows how far that beauty can shine over the land like a guide, or a distant friend.

Intermediate Macroeconomics Research Paper Example | Topics and Well Written Essays - 1000 words

Intermediate Macroeconomics - Research Paper Example The decrease in the interest or cash rate will encourage the consumers and investors to spend more money. This, in turn, will increase the overall output and, as a result, will force the GDP growth rate to increase in the next two quarters. Hence, the decreasing inflation rate will contribute towards the real GDP growth for 2012 quarter IV and 2013 quarter I. This is also supported by the depreciating Australian currency. 2. Inflation Rate for 2012 Quarter IV and 2013 Quarter I: It is being forecasted that the inflation rate will be 0.5 percent in the fourth quarter of 2012 and 0.6875 percent in the first quarter of 2013 (derived from the Australian Government Budget 2012–13). The inflation rate is being forecasted to be down in the fourth quarter of 2012 because of the less capital investment in response to the weakening economic conditions all over the world (RBA statistics). However, this low inflation rate will push the RBA to decrease the cash rate and, thus, force the in vestors to invest in the market. This, in turn, will increase the money circulation and spending and, hence, will increase the demand which will force the inflation rate to increase in the first quarter of 2013. This is also supported by the decreasing interest rates (RBA statistics). ... This is because of the decreasing inflation rate in the previous quarter and underestimated market demand (RBA statistics). Hence, the decrease in the inflation rate and market demand will force the RBA to take necessary measures to increase the overall economic growth of the country. In order to increase the demand and improve the investment activities, the RBA will decrease the cash rate. The decreasing cash rate will discourage the investors and consumers from saving their money and will, hence, increase the consumer spending, investment and market demand, which, in turn, will result in increasing the overall economic growth in the country (Mankiw, 2009). The RBA will keep this decrease in the cash rate for a couple of months and will monitor the domestic and international market. The increasing market demand will eventually result in increasing the inflation rate and, hence, RBA will be forced to again increase the cash rate in the second quarter of 2013. 4. Average Exchange Rate between the Australian Dollar and the US Dollar to Prevail from November 1, 2012 to June 30, 2013: The average exchange rate between the Australian Dollar and the US Dollar, which is more likely to prevail from November 1, 2012 to June 30, 2013, is 0.98 US dollars per Australian dollar (Derived with the help of Australian Dollar Currency Exchange Forecast). This can be directly related with the decision of the RBA to decrease the cash rate and interest rates. One reason behind the lengthened high exchange rate or value of the Australian dollar has been the difference in the interest rates prevailing in Australia and United States. The decreasing interest rate will force the investors to look for some other places for investment and hence, there

A Professional Development Plan Scholarship Essay

A Professional Development Plan - Scholarship Essay Example As the research stresses  mentoring relationships vary from loosely defined and informal collegial relationships wherein a mentee learns through observation and example to structured and formal agreements between novice co-mentors and experts wherein both parties develop professional by a two-way transfer of perspective and experience. Whether or not the relationship is considered formal or informal, the objective of mentoring is to offer or grant advancement, both professional and personal. In higher education, professors are charged with the duty of passing knowledge to students and prepare them for life after college or university. This makes this group very significant in ensuring continuity of society.From the discussion it is clear that  the work of a higher education professor is to educate academic and vocational subjects to both post and undergraduate scholars in institutions of higher learning. Some of their teaching method comprise of lectures tutorials, seminars, prac tical demonstrations, e-learning and field work among others. Multimedia technologies are also more and more being used today. A professor is also liable of pursing his or her own research in order to aid in the broader research activity of their institution or academic department. The goal is to have his or her scholarly article or book peer reviewed and published, which, on the other hand, will raise his or her profile and also that of their institution.

U02d1 Research and Discuss Rationing Essay Example | Topics and Well Written Essays - 500 words

U02d1 Research and Discuss Rationing - Essay Example The term rationing is one where the United States is not faced with a shortage of service as the level of goods and services of the country are not used, or are out of demand. This generally tends to happen when there is a limit that is implemented on the goods and services and is based on the ability to pay. Considering the general public here in the case, there is a huge misbelieve that if there is a medical condition and a possible treatment for it, then the insurance companies are liable to pay irrespective of the costs. This however is never the same if a person needs to pay for the treatment from their own pockets. This is simple human nature. However there is always rationing that happens when a person is not covered by insurance. Here the individual or even the practitioners would consider whether it is useful to allow the treatment on the person and whether the outcome might be useful or not. The first article by Newt Gingrich is one which describes the current day situation where there is a clear level of rationing. The author states a very interesting point, ‘if you are a single male with no children, the legislation still requires you to have maternity benefits and well-baby and well-child care coverage. You dont want or dont need that coverage? Sorry, you have to pay for it anyway’. This is the current situation among all Americans and the perspective of the citizens is clear from the title of the article: ‘Healthcare rationing: Real scary’ (Gingrich, 2009). The second article by Floyd on the other hand discusses the issues faced by the government. It is clear that in the current situation the health care systems are very costly and the Americans expect to receive the best without the will to pay for it. This leads the author to set down three important questions which have been answered here in the document. The author has set down the following: ‘The current debate over healthcare rationing surrounds three key

The Youngest Daughter by Cathy Song Essay Example | Topics and Well Written Essays - 1000 words

The Youngest Daughter by Cathy Song - Essay Example Therefore, without any choice, the youngest daughter has to look after her mother and take care of her, returning all the mother’s sacrifices for her, her siblings and even their father. In trying to understand more clearly the matters the speaker is bringing to the reader’s attention, the speaker will be discussed further in detail together with the setting, style, ambiguity reflected in the poem and also the impact the poem has on this author. Reading the poem once may not bring much sense because of the ambiguity of words used. One can never tell what the poet is really talking about not unless he knows pretty well Asian traditions which are pertinent in the poem. From the point of view of someone who is blinded about Asian traditions, the literal meanings can be understood but somehow, he would notice that obviously, the poet is saying something else other than what is literally meant by the words. For instance, the phrase, â€Å"The sky has been dark for many year s†, could be well understood literally. However, it seems to be unrelated to the succeeding lines of the first paragraph so that one cannot help but question what the poet is trying to say behind such words. Similarly, the phrase also seems to have no relevance to the other paragraphs. In fact, the images created in each paragraph appear to be just separate circumstances in the speaker’s life which do not really give a clear overview of what she is presenting. Nevertheless, a little background about Chinese traditions, assuming that the speaker is Chinese because the author is of Chinese descent, will greatly help in understanding the poem. It is expected of the youngest Chinese daughter not to marry in order for her to be able to take care of the aging parents. If she marries, she will still have the responsibility of taking care of them especially when they are sick. Considering the burdens of having one’s own family and the need to take care of one’s pa rents, it would perhaps be best for the youngest daughter not to marry. In the poem, it is obvious that the daughter opted for the latter. The phrase â€Å"The sky has been dark for many years†, now has a figurative meaning, describing how dark the years have gone by for the youngest daughter who has done nothing but take care of her ailing mother. From the fourth stanza, one can suppose that the youngest daughter has been attending to her mother’s needs for thirty years and that long a time could really put someone in a melancholic life and yearn for an escape. The youngest daughter, despite her obligations, still tries to dream about her future. Perhaps she has been doing that for the past thirty years so that thinking of her freedom now deeply hurts her. In the second stanza, the speaker says, â€Å"when I touch my eyelids, my hands react as if I had just touched something hot enough to burn†. Touching one’s eyelid could be an effort to clear oneâ€⠄¢s eyes, for her to look more clearly. However, whenever she looks at the realities of life, at the fact that she actually does not have to take all the obligations of taking care of her mother, she pains so much and therefore has to remove her hands away from her eyelids immediately. For the Chinese, it is almost a crime to leave aged parents in the care of other people. They cling to Confucius’ teachings that children have the responsibility of returning the care their parents have lavished on them.     Ã‚  

Medical beliefs of pre-literate and pre-historical peoples made little Research Paper

Medical beliefs of pre-literate and pre-historical peoples made little logical sense - Research Paper Example The societies in the past believed in supernatural and natural ways of curing and treating diseases. This means that, some diseases were believed to originate from supernatural evil spirits, sorcery or gods while others were believed to originate from the society (Lalita, 1984, p. 80). The medicine men in those days believed that the evil spirits were fabricated by sorcerers, and this could hamper a person’s body and result to illness. This spirits could only be removed from a person through the skull and not from any other body organ because they believed that the spirits were held in the brains. Among many other treatments done to the people possessed by the spirits, ‘Shaman’- the medicine man was supposed to trephine the skull (Edited Guide Entry, 2001). Today, anthropologists have developed an intimate understanding of the beliefs, that the society could not invent medicines and drugs to cure and heal the diseases. This is because the treatment of the diseases was not based on body tests of the sick, but from the beliefs. This made the victims to be subjected to treatments that they did not deserve, and hence was a serious threat to their survival. Some treatments like trepanning, which involved drilling of holes into the human skull to expose the ‘dura mater’, are extremely crucial to the anthropologists and scientists. They can clearly understand the era or the human evolution stage and hence understand the number of years that the place was inhabited. However, such practices have been used as a benchmark for developing safe human skull surgery by scientists (Dayrit et al, 2003, p. 89). From the studies done in the past by the anthropologists, it is evident that different ailments and diseases that were common in the prehistoric period are not prevalent today. Diseases like osteoarthritis were caused by lifting heavy materials, which

Project Management Essay Example | Topics and Well Written Essays - 1000 words - 1

Project Management - Essay Example Traditionally a huge multi-ton refractive brick oven is custom designed and built in order to fit the building where it is housed. D'Angelo Pizzeria has designed a fully equipped miniature pizza parlor that incorporates three independent high temperature brick ovens in a temperature controlled 8'x10' foot trailer. The patent pending design of the D'Angelo pizza ovens allow each unit to reach internal temperatures of over 1200F while maintaining a high level of thermal efficiency similar to a traditional stationary brick oven (Chillibreeze, 2011). The proposed project is to turn the D'Angelo Pizzeria trailers into a new franchising concept opportunity to the masses. The D'Angelo Pizzeria concept will bring a superior quality pizza at a competitive price. Traditional pizza parlors just cannot compete with the quality and outstanding flavor that genuine New York style fermented dough, quality fresh ingredients, and a high temperature brick oven pizza can provide (Brown, 2010). ... The proposed concept will include a fully built customized D'Angelo Pizzeria enclosed trailer fully equipped and customized to our specifications at a selling price of $40,000. The A/C cooled trailer will house three individual D'Angelo ovens equipment to operate each independent franchisee owned restaurant. The proposed trailer design involves purchasing lots of pre-built aluminum food trailers from Chinese manufacturers (Nebiu, 2002). This general purpose food trailers will be transported to our main warehouse where our manufacturing team will extensively modify the trailer units to the specifications of the company. The interior modifications to the trailers will include the necessary shelving, prep tables, ventilation, gas and electrical installation to accommodate all the preparation equipment and for the custom oven set. The modifications of the trailers will be designed for maximum space utilization to provide ergonomically designed work surfaces, machinery, and processes to m aximize employee comfort and efficiency. The exterior of the trailers will be customized to D'Angelo specs and advertising designs. For the proposed project the materials supply and operating infrastructure will have to be designed and developed in order to supply the pizza trailers to our franchise customers. The total proposed project costs for D'Angelo will be around $900,000 .The total project costs budgeted will be divided as follows: $270,000 to build and develop necessary operating training and manufacturing facility infrastructure $75,000 to build the first lot of 10 pizza trailers for the initial batch of fully built trailers. $100,000 marketing costs $150,000 operating capital (selling,

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

Group Project 2 - Essay Example It is the role of the appropriate staff to take steps to correct a problem and to prevent a recurrence through implementation of the recommendations arising from investigation. Once the incident is detected, it should be assessed, categorized, prioritized, and queued for appropriate action. After that, a research should be conducted about the incident; on what had happened and who has been affected, etc. Incidence response requires taking necessary actions, to resolve the issue, by doing all that is necessary (Reilly, 2003). CERT receives an incident report through the incident handling system via various means of communication such as a phone call, walk-in reports, e-mail, fax and websites among others. The team usually consolidates the reporting channels, especially using the e-mail. The system formally registers the report by linking it to some Alphanumerical reference to enable easy management in the future. The system should be protected against spam and implementing pre-filtering mechanisms. An incident should then be verified and classified according to the information on the report. The incidents vary in severity (very high include DDoS, high include Trojan distribution and normal include spam). An incident should then be assigned to an incident handler. Incident resolution is administered next, towards realizing the desired result. Data is collected from those affected; through the exchange of ideas, some of those that are concrete and practical enough to be implemented are set for the different parties (Reilly,

Resistance to Change Essay Example for Free

Resistance to Change Essay The formula states that, to overcome the resistance to change, these three components must all be present (dissatisfaction, vision, and first steps). An organization must have dissatisfaction with the current situation, a vision of the possibilities the future can bring, and attainable first steps to reach the vision. â€Å"If any of the three is zero or near zero, the product will also be zero or near zero and the resistance to change will dominate† (Rouda Kusy, 1995). One of the models of OD interventions is Action Research. It follows three major procedures. First, data would be collected regarding the current system in relation to the objective, goal, or need of that system. Then, selected variables within the system would be altered based on the research. Finally, the results would be evaluated (French Bell, 1990 cited in Rouda Kusy, 1995). On the other hand, training and development (TD) is a learning process that involves a systematic development of individuals’ expertise to improve the performance of the individual and the organization (Swanson, 2003; Rouda Kusy, 1996). The desired results of TD can be classified into four categories: reaction, learning, behavior or performance, and outcome or results. Reaction involves the evaluation of the training program (e. g. , trainee satisfaction). Learning focuses on the change in the participants after the training (e. g. , change in skills, knowledge, or attitudes). Behavior or performance is the application of learning gained from the training to the job or organization. Finally, outcomes or results relate the impact of training on the productivity and profitability of the organization. TD is usually evaluated using the last two categories, i. e. , the transfer of learning to the success of the organization and its overall impact on the organization (Kirkpatrick, 1983 cited in Rouda Kusy, 1996). For effective and efficient training, a planned instructional systems design (ISD) process is implemented for the assessment, design, development, implementation and evaluation of training. ISD begins with organizational needs assessment, which involves â€Å"surveying, identifying and prioritizing training needs, analyzing the causes of performance problems and opportunities, and identifying possible solutions. † Needs assessment is necessary to determine if the training will be cost-effective and if it is the appropriate solution (Rouda Kusy, 1996). The training design should include an analysis of the learners’ characteristics, the place where work will be performed, and the expected tasks and duties to be performed by the trainees. A complete review of the subject matter should also be conducted and the goals and performance objectives of the training must be established. A plan to evaluate the training should be devised and the instructional materials and strategies must be obtained, prepared, and pre-tested. Factors Affecting the Future Trends of HRD Practices A study was conducted by Ruona and her colleagues (2002) to identify the factors affecting the practice of HRD and its role in the future. Results showed that globalization, technology, changing organization and workforce demographics, and the ability of HRD to keep up with the changes in the environment are the forces that influence HRD. The prevalence of globalization requires HRD practitioners to understand and integrate further intercultural practices in the organization, as opposed to imposing a western view on individuals in other countries. The rapid technological development, on the other hand, would have a significant impact on learning practices, such as e-learning and virtual offices. Hopkins and her associates (2006) added that the scarcity of computer literate employees poses an overwhelming challenge in creating HRD programs, as it hampers instruction and learning process. Meanwhile, as globalization and technology prompt changes in the organization, the workforce demographics have become increasingly diversified, driving the force that would revolutionize HRD practices. Thus, there is a need to examine whether current HRD practices of an organization have the ability to adapt to the changing conditions in the organization (Ruona, et al. , 2002). Changes in the role of HRD in future were also identified. The findings of the study revealed that learning, change and organization system, and knowledge management and creation are the key roles of HRD in an organization. HRD practitioners identified learning and human development as the highest competitive advantage of the field. They emphasized the importance of the effective use and systematic integration of learning methodologies in the organization. They urge HRD to focus on creating cultures that would foster an environment that is truly conducive to learning, such as assigning challenging tasks and implementing reward systems that encourage learning. The rapid changes taking place in the organization also require HRD practitioners to assist people to overcome their resistance to the changes. These people also need to be assisted in coping up with the changes. Future trends also dictate that HRD must fulfill its role in creating and managing knowledge to prevent information overload (Ruona, et al. , 2002). Conclusion Akdere, M. Conceicao, S. (2006). Integration of human resource development and adult education theories and practices: Implications for organizational learning. Academy of Human Resource Development International Conference Proceedings, 295-301. Columbus, Ohio De Silva, S. Human resource development for competitiveness: a priority for employers. Geneva: ILO, 1998

A Comprehensive Study on Banks Essay Example for Free

A Comprehensive Study on Banks Essay Every business needs funds for two purposes for its establishment and to carry out its day-to-day operations. Long terms funds are required to create production facilities through purchase of fixed assets such as plant and machinery, land, building, etc. Investments in these assets represent that part of firms capital which is blocked on permanent or fixed basis and is called fixed capital. Funds are also needed for short-term purpose for the purchase of raw material, payment of wages and other day-to-day expenses etc. These funds are known as working capital. In simple terms, working capital refers to that part of the firms capital which is required for financing short-term of current assets such as cash, marketable securities, debtors inventories. Funds, thus, invested in current assets keep revolving fast and are being constantly converted into cash and this cash flow out again in exchange for other current assets. Hence, it is also known as revolving or circulating capital or short term capital. 1) Jeng-Ren, C. Cheng, L. (2006) in their article, â€Å"Determinants of working capital† investigate the determinants of working capital management. This study investigates the relation of business indicator and management of short-term capital from the perspective of a firms working capital management, which traditionally is rated by current ratio, quick ratio, and net working capital.The authors have used net liquid balance and working capital requirements as measures of a companys working capital management. Results indicate that the debt ratio and operating cash flow affect the companys working capital management, and how it influences the business cycle, industry effect, growth of the company, performance of the company and firm size. From the data it can be seen that companies could maintain relatively loose capital management during the prosperous period (1999-2000), when capital was readily available in the market. When the economy slumped dramatically at the end of 2000, financial institutions began to tighten their capital policies, forcing companies to gradually operate a looser policy in working capital management. The regression results show the company has to operate a looser working capital management policy in times of recession, as it is not easy to raise capital from outside the firm, so more liquid assets are kept to maintain a relatively higher NLB. The authors conclude that debt ratio and operating cash flow evaluated by both WCR and NLB exert influence on working capital management. 2) Harris, A. (2005) conducted a study â€Å"Working capital management: difficult, but rewarding†. It focuses on the different requirements and the important role that human beings play in the working capital management process. There are various important steps that need to be met in order for them to manage their short term needs primiarily. The author compares Working Capital Management in theory and practice. Internal considerations such as organizational structure, shared systems, autonomous business units, multinational operations and even information technology can impact working capital. The author also stresses on the importance of proper forecasting for efficient Working Capital Management. 3) Filbeck, G. Krueger, T. (2005) in their article, â€Å"An Analysis of Working Capital Management Results Across Industries,† find that all industries use different modes of working capital managament techniques for their functioning. Even their techniques change over time. Industry factors may impact firm credit policy, inventory management, and bill-paying activities. Some firms may be better suited to minimize receivables and inventory, while others maximize payables. Given everything the importance of working capital cannot be ignored and its reticfication to cope with the changing environment should be the main focus of the company. 4) Pimplapure, V. Kulkarni, P. (2011) conducted a study, â€Å"Working Capital Management: Impact of Profitability†. A firm can be very profitable, but if this is not rendered into cash from operations within the same operating cycle, the firm would need to borrow to support its continued working capital needs. For this study various statistical tools such as correlation and multiple regressions can be used. These tools are used to understand the direct impact of working capital on the profitablity of the firm. 5) Erasmus, P. (2010) in his article, â€Å"Working capital management and profitability: The relationship between the net trade cycle and return on assets,† states that, efficient working capital management should contribute to the creation of shareholder value. This study investigates the relationship between working capital management and firm profitability. Based on the results of the study done in this article, it would appear that management could attempt to improve firm profitability by decreasing the overall investment in net working capital. There is an indirect relationship between the two this is also proved in the article, â€Å"Working Capital Management: Impact of Profitability.† Regarding the normal operations of a firm, working capital management attracts less attention than capital budget and capital structure in financial management. Working capital management relates to the source and application of short-term capital. When working capital is managed improperly, allocating more than enough of it will render management non-efficient and reduce the benefits of short-term investment. On the other hand, if working capital is too low, the company may miss profitable investment opportunities or suffer short-term liquidity crises, leading to degradation of company credit, as it cannot respond effectively to temporary capital requirements. We cannot dimiss the importance of the working capital management in the working of a successful enterprise. 6) Singh, P. (2008) conducted a study titled, â€Å"Inventory and Working Capital Management: An Empirical Analysis†. The importance of working capital management is due to two reasons: (i) a substantial portion of the investment is invested in current assets, and (ii) level of current assets will change quickly, with the variation in sales. Hence, in this study, an attempt has been made to analyze the size and composition of working capital and whether such an investment has increased or declined over a period. We need to first determine the requirement of current assets, one of the important tasks of the financial manager is to select a group of appropriate sources of finance for the current assets. Normally, the excess of current assets over current liabilities should be financed by the long-term sources. It is not possible to find out precisely which long-term sources has been used to finance current assets, but it can be examined as to what proportion of current assets has been financed by long-term funds. Therefore, this article tries to carry out a study in this regard. Inventory is one of the major components of current assets, which requires huge investments. The main purpose of carrying inventory is to uncouple the operation, to make each function of the firm independent of the other functions, so that delay in one area does not affect the production and sales activities. As the shutting down of the production results in increased costs and delay in the delivery can result in loosing the customers, inventory management assumes significance in any firm and it is of great concern to any financial manager. Any firm would like to hold higher inventory. This will enable the firm to be more flexible in supply and find ease in its production schedule. Most of the customers may require immediate help in meeting their demands. However, there is always a cost involved in the inventories. This cost includes the capital cost of the stock and the cost of storing and carrying. Inventories are the assets of the firm and as such, they represent an investment. As such investments require a commitment of funds, managers must ensure that the firm maintains inventories at the correct level. If they become too large, the firm loses the opportunities to employ those funds more effectively. Similarly, if they are too small, the firm may lose sales. Therefore, it is better to maintain an optimum level of inventories that is needed in an organization. While analyzing working capital, it is important to analyze the various components of working capital especially inventory, because inventory is one of the major components and is nearly 50% of the current assets. Hence, it is necessary to analyze the size of inventory and the impact on working capital management. 7) Lifland, S. (2010) in his article, â€Å"The Corporate Soap-Opera, As the Cash Turns: Management of Working Capital and Potential External Financing Needs† finds that firms that efficiently manage their working capital are characterized as having increasing asset turnover ratios and decreasing days of receivables and inventories over the years, are ‘freeing up’ capital. Corporations use these ‘found’ funds to improve their supply chains, corporate logistics, and payment systems. The Days of the Working Capital Cycle represents the average number of days that cash must be committed to the management of a company’s working capital needs. A decline in the ratio translates into the firm’s ability to improve its inflows and management of cash. The existence and maintenance of working capital is the lifeblood of a corporation. It is the cash flow that revitalizes operations or slows it down to inoperable levels. Regardless of the size of th e company, the management of working capital accounts should influence its financial health. Kargar and Blumenthal (1994) found that small businesses were significantly impacted by management’s ability to successfully plan the cash requirements of the firm. Managers need to monitor the ratio of total working capital to total company assets, as a relatively high figure can signal future strains on the operational financial health of the firm. 8) Kelleher, J. MacCormack, J. (2005) consider the complexity of considering the internal rate of return (IRR) on capital projects. A survey was conducted by the management consulting firm McKinsey Co. This study asked 30 executives about the risks of this practice, They were surprised to find that only six were aware of IRRs deficiencies. The article defines the risks IRR poses to capital budget management, considers the use of modified internal rate of return. IRR is a true indication of a projects annual return on investment only when the project generates no interim cash flows — or when those interim cash flows really can be invested at the actual IRR. 9) Etiennot, H. Preve, L. (2012) in their study, â€Å"Working Capital Management: An Exploratory Study.† found that Working capital management is an issue in which finance research is scarce. One possible reason behind this fact might relate to the relative ease with which efficient financial markets correct deviations from optimal working capital policies. However, in less efficient financial markets, pervasive among emerging economies, working capital management is critical for both firms performance and survival. The difference in the markets ability for providing immediate assistance to firms might explain the differential consequences on firms profitability and financial distress. This article explains the fundamentals of working capital management, the importance of its interaction with financial markets, and how this interaction might explain working capital patterns around the world and in the various successful organizations that use it. 10) Singh, J. Pandey, S. (2008) conducted a study, â€Å"Impact of Working Capital Management in the Profitability of Hindalco Industries Limited.† For any successful working of any business organization, fixed and current assets play a vital role. Management of working capital is essential as it has a direct impact on profitability and liquidity. This is a study of the working capital components and the impact of working capital management on profitability of Hindalco Industries Limited. The study is based on secondary data collected from annual reports of Hindalco for the study period 1990 to 2007. The ratio analysis, percentage method and coefficient of correlation have been used to analyze the data. The current assets of Hindalco witnessed a steady growth over the past years which were 40 times more in 2007 in comparison to that of 1990. Inventory and loans and advances mainly supported this increase. The study also shows that the contribution of long term source in working capital is below 30% in all the study period. This study effectively showed that working capital has a big impact on the profitability of the firm.

The Motivation Behind Renewable Energy Development Environmental Sciences Essay

The Motivation Behind Renewable Energy Development Environmental Sciences Essay The demand on electrical energy has been significantly increase due to the technological and economical developments over the world. In the Past 30 years, the global economy has increased by 3.3% yearly. In the same period, the electrical energy demand grew by 3.6%. In 2007, the electrical energy production of the world was 16,429TWh. It is predicted that the world consumption will be 28,930 TWh in 2030. Thus, thousands of new power plants must be built to cope with the required electricity demand. [1] Non-renewable energy source such as; coal, natural gas, and oil is efficient energy sources due to the ability of produce large amounts of  electricity with small amounts. They have been the conventional energy source until now. However, they have many drawbacks such as; the limitation in supply and the concentration of reserves in a few countries; in this manner raising energy security concerns. Moreover, the major source of pollution is a fossil fuel. It estimated that the Power stations account for 32% of NOx and 72% of SO, emissions, which cause environmental issues such as climate change and lead to global warming [2] . In addition, according to [4], In 2005, the total of greenhouse gases emissions [EEA] was 5177 Mt CO2 equivalent comprising: 82.5% CO2,8.1% CH4, 8% N2O and 1.4% fluorinated gases. Energy related emissions continue to be dominant, representing approximately 80% of total emissions, particularly in production and transport of energy (Fig. 1.1). [4] Figure 1.1: Structure of total greenhouse gas emissions Source of image: [4] Thus, governments are considering the ample use of renewable energy sources, as a result of the security of the energy supply and the growth of the global environmental issues. For instants, the UK government goals are to reduce emissions of carbon dioxide to 20% below 1990 levels by2010 and to put the UK on path to reduce carbon dioxide emissions by 60% compared to 2000 levels, by 2050 with real progress by 2020[3]. Such goals cannot be achieved without a deployment of alternative energy sources. Thus, many studies on electrical energy production with renewable have carried out in order to substituted the conventional energy source by renewable energy source 1.2 Renewable Energy sources: The practical definition of renewable energy is a flow of energy, that is not exhausted by being used[5]. The renewable energy sources like wind, hydroelectric, biomass, solar , tidal waves and geothermal and solar are clean and in large quantities Available in nature. Moreover, they also have the advantage of having low or no emissions of carbons and that means they are environmentally friendly. In addition, renewable resources can be categorized into two main categories: dispatchable and non-dispatchable. Wind, solar and tidal waves are classified as non-dispatchable resources. On the other hand, hydroelectric, biomass and geothermal are classified dispatchable resources. The difference between them is how electric power can be control. Generally, the dispatchable resources have the energy stored and ready at any time to produce power, whereas, the non dispatchable resources naturally uncontrolled input energy which cannot stored be used when needed later. The main drawback of usin g renewable resources such as wind and solar is their ability to produce power on demand. Moreover, these renewable resources are more variable than fossil fuel plants. Moreover, the uncontrollable input of wind and solar energy is the main causes of the changeability in power output[6]. However, among these energies, wind energy production has rapidly increased in the total electricity production in the last decade as shown in figure (1.2). Figure 1.2: global wind power capacity (GW) Source of image: REN21 Renewable 2007 Global Report, WWW.ren21.net This increasing is encouraged by Kyoto Protocol and supported by European Union (EU) Government such as Germany, Denmark and Spain[7]. According to [8], it is predict that the wind farms will contribute by 12% of total electricity generated in 2020. 1.3 Wind Energy: It has been reported that the wind power were used to pump water for irrigating crops in the seventeenth century B.C by The Babylonians. In addition a uncomplicated horizontal axis wind turbine was described in the third century B.C by Hero of Alexandria, Moreover, The earliest recorded English wind turbine is dated at 1191[9] . However, When the sun heats an earth land, the surrounding air temperature affected by this heating and as a result the wind is caused. According to freris, the world needed of electricity can be met, if 10% of raw wind utilized. Many factor has an effect on wind intensity, such as; altitude, wind speed and location. However, open area, mountain, oceans and specific hill have a good wind a viability trend. In addition, the wind energy can be converted into electrical or mechanical energy is by using wind turbines, which will be discussed next. 1.4 Wind Turbine: The most efficient way to convert wind energy into electrical or mechanical energy is offered by wind turbines that operate as a lifting-device [10] .Generally, wind turbines come in two types, which depend on the direction of their rotational axis. Horizontal Axis Wind Turbines (HAWT): have a parallel rotational axis to the direction of the wind and capture kinetic wind energy with a propeller type rotor. in addition, three bladed concept Danish is usually used in this type but there is two bladed design which contribute in the reduction of cost and weight of the turbine. Vertical Axis Wind Turbines (VAWT): have a perpendicular rotational axis to the wind stream and use straight or curved bladed (Darrieus type) rotors in order to capture wind from any direction. Figure (1.3) shows wind turbine configration of the both types. It is clear that they are composed of a generator, a gearbox and a tower. Moreover, the both types have the same ideal efficiency, however, the (VAWT) type is more common [10]. Figure 1.3: wind turbine configration Source of image: The encyclopaedia of alternative energy and sustainable living When the wind passing throws the swept area of the blades, it turns and as a result, the shift turns. The rotational energy converted into electrical energy by the generator which produce alternative current (AC). A transformer is used to ensure that the voltage suitable for the distribution system of a grid. The size of wind turbine is the most important factor of the amount of the produced energy . The typical wind turbine size was less than 100 kW, In the early and mid-1980s. Nowadays, capacities up to 3.5 MW turbines are available[11]. Moreover, usually wind turbines is a grouped in the same location to form wind farm. 1.5 wind farms: THE FIRST application of wind power generation of electricity was by the Danes in 1890 [12]. Since that , the development in the wind technology has led to introduce a large on shore wind farm. However, a lack of the suitable onshore sites has an effect on this development and is considered as the main motivation behind the implementation of off shore wind farm. Moreover, the offshore option is based on the higher and constant of the wind speeds which is the main advantage compared to the onshore sits . Figure (1.4) shows that by 2030, the main gain of wind energy is going to be from offshore in Germany[13]. Figure (1.4): the predicted scheme of the capacity of the wind power installed in Germany until 2030 Source of image: [13] In these conditions one of the most important questions is the transmission concern, i.e. the link of the offshore wind farms to a grid. Generally, wind farm can be connected to AC grid via a high voltage alternative current (HVAC) or a high voltage direct current (HVDC) connection. However, for distance at least 50km far from the AC network[16], many technical problem such as charging current and reduction in the transmitted power make the deployment of HVDC in power transmission for long distance more efficient than HVAC [14] Furthermore, HVDC connection have two main technologies, voltage soured converter (VSC) using IGBTs and line commutated converter (LCC) [15] in addition ,New types of generators (asynchronous generators, doubly fed induction generators and fully converted synchronous generators) are going to be used and, therewith, replace the classical turbo and salient pole generators[13]. These generators are have an effect on the power system stability. Moreover , their co ntrol is different from the former generator. However, the HVDC link and the generator types and its control will be discussed in details in the next chapter. 1.6 the motivation and the plan of this project : It seems to be that a large offshore wind farm is the best solution for meeting governments renewable energy targets. However, the coordination of the HVDC link and the wind farm a has attracted a lot of attention in the last few years. The aims of this project is to design a HVDC link and a wind farm by using MATLAB simulink software . Due to the complexity of modeling the HVDC link and a wind farm by using complete models of the switching devices, a non switching model of HVDC link using a pharos solution will be considered. This will be done in five stages. In the first stage, the HVDC link with suitable control at wind farm said will be constructed and demonstrated . in the second stage, the HVDC link with suitable control at grid said will be constructed and demonstrated . the both HVDC link in pervious stages will be combining and their action will be demonstrated in the third stage. in the fourth stage, the complete HVDC link will be attached to a phasor model of wind farm in order to demonstrate the operation of the system under different circumstances . in the last stage, a CIGRE 12 bus bench mark model will be constructed in order to demonstrate the system operation under both normal and fault conditions.

Analysis of Shirley Jacksons The Lottery Essay -- Shirley Jackson, Th

In Shirley Jackson’s â€Å"The Lottery,† the theme of the story is dramatically illustrated by Jackson’s unique tone. Once a year the villagers gather together in the central square for the lottery. The villagers await the arrival of Mr. Summers and the black box. Within the black box are folded slips of paper, one piece having a black dot on it. All the villagers then draw a piece of paper out of the box. Whoever gets the paper with the black dot wins. Tessie Hutchinson wins the lottery! Everyone then closes in on her and stones her to death. Tessie Hutchinson believes it is not fair because she was picked. The villagers do not know why the lottery continues to exist. All they know is that it is a tradition they are not willing to abandon. In â€Å"The Lottery,† Jackson portrays three main themes including tradition, treason, and violence.   Ã‚  Ã‚  Ã‚  Ã‚  The main theme in Jackson’s â€Å"The Lottery† is tradition. Jackson conveys tradition as the main theme thought the story. â€Å"The people had done it so many times that they only half listened to the directions; most of them were quiet, wetting their lips, not looking around.† (966). The author suggests the people of the village have been playing the lottery for several years. â€Å"The people had done is so many times... they only half listened to the directions† suggests that the people of the village have played the lottery so many times that they only half listened to the directions. Jackson also suggests that the people of the village are anxious ...

The Child Playing Alone :: Personal Narrative Nigeria Childhood Essays

The Child Playing Alone "I was once a rapturous child drawing at the dining-room table, under a stained glass chandelier that sat like a hat on the swollen orb of my excitement. What is exciting that child, so distant from us in time and space?" Squares of different colors are splattered all over the sheet I am staring at. Some are yellow, others pink, a few green and lots are blue. Unfortunately I am not staring at some great artwork or beautiful quilt from Alabama. I am look at my weekly planner, pasted on the wall with a few worn looking pieces of tape. Blue for physics and green for chemistry, orange for calculus and yellow for expository writing; I leave no activity plain white. Not only different colors are used in the squares, but different designs as well. Some are striped, others are spotted. Some are solid squares while others have empty centers... some are even a combination of colors. At a first glance it appears this creativity is due to necessity. I needed to organize my time, or at least try, and so I produced a colorful chart. A deeper look transports me back to my childhood in Nigeria. My home country, in the heart of the tropics, is interesting. The nomadic cattle herdsman is constantly covered with white specs of salt from his evaporated sweat in the arid and hot atmosphere of almost 40 degrees centigrade in the north of the country. Surrounded by a few shrubs scattered over sandy plains, he is constantly in search of pasture for his cattle and water to drink. The market women chat away in the high humidity of the south watching their kids play in the shade of the few palm trees left, after development has robbed the land of its natural dense vegetation. My home was there in the south, near the coast, with the Atlantic Ocean knocking at our door. There was the constant danger of the beach being eroded by the angry ocean, intent on claiming back its space, as about 50% of the island I lived on is land filled. Thus my mother refused to allow me onto the closest beach to my home as it had many dangers, from the ocean to bored louts hanging around looking for innocen t victims. I could never feel angry at her though because she gave up her career, by choice, to take care of her children.

Social Conditioning of Boys Essay -- Papers Stereotypes Role Essays

Social Conditioning of Boys As everyone knows, within the human race there are males and there are females. We all figure out what our gender identity is at a young age. For boys, male toys like building blocks and trucks and sports like baseball and soccer help a boy form into what society considers to be a man. Society believes that boys should grow up to be strong, dependant and bread winning in order to be a real man. These social standards that are expected from boys, can also be explained by social roles. We are cast into social roles at the moment we are born. These social roles construct boys to be a certain way and follow the set boy code. Boy’s are taught to stay clear from emotional openness, vulnerability, and dependance. We are also taught to not let others know when we feel scared , depressed or when we are happy and in love. The most important rule altogether for boys, is to stay away from anything that people think of as being feminine. Society has made it clear that in order to be a ‘real man’, you must be a leader, successful, in control, confident, d...

Service Container C#

Service Container Presented by: Anton Cherkasov Service Providers  §Services are the basic building blocks of the . NET design-time architecture. They help to expose access to specific features from external objects.  §Designers and components can obtain other services through the use of service providers. A. NET service provider is represented by the System. IServiceProvider interface. The interface  provides a mechanism for retrieving a specific service object, given the type of object to retrieve.Here is the only member of this interface: object  GetService(Type  serviceType) This method, when overridden, will return an object that represents the specified service type. If the service provider cannot return an object of the specified type, then callers should expect the return value to be null. IServiceContainer Interface  §A service container allows for services to be added and removed to it. Therefore, external objects can have more control over what a service provid er exposes.A service container is actually a service provider. The interface that represents a service container is System. IServiceContainer, which is derived from IServiceProvider, as shown: public interface IServiceContainer : IServiceProvider IServiceContainer Interface Methods  §Here are the two methods of this interface: AddService: This method adds the specified service to the service container. This method has four overloads. void AddService(Type serviceType, object service); oid AddService(Type serviceType, ServiceCreatorCallback callback); void AddService(Type serviceType, object service, bool promote); void AddService(Type serviceType, ServiceCreatorCallback callback, bool promote); RemoveService: This method removes the specified service from the service container. This method has two overloads. void  RemoveService(Type  serviceType); void  RemoveService(Type  serviceType, bool  promote); ServiceContainer Class  §The . NET Framework comes with a class that is already derived from IServiceContainer to be used with the designer framework.This class is: System. ComponentModel. Design. ServiceContainer  §This class has two constructor overloads: the default constructor, and one that takes a parent service provider as a parameter. This class uses a Hashtable to store the available services. It stores both service instances and service callbacks into this table for retrieval. How does it work? Pros  §The combination of services, providers, and service containers form a simple design pattern that gives a lot of advantages. For example: creates weak binding between client components and the services they use; – creates a simple repository and service discovery mechanism that allows easily scale the application (or part thereof). – allows for lazy loading of services, there is a method AddService overload, creating services, when they ask for the first time; – is an alternative to static classes; – supports prog ramming, based on contracts; – applicable to implement the service-factory; – suitable to create an architecture that supports plug-ins. Questions?

What challenges have the student in Stream A’s ‘Academic Culture and Learning’ classes

Abstraction The online in category study was conducted in March 2014. This study is demoing some jobs with international pupils, such as academic conventions and civilization daze. In SIBT many pupils have these jobs, it could be influence pupils study in abroad state. For these jobs, there are some recommendations for these jobs pupils can seek to do new friends, besides school can do some group to allow pupils cognize new friends and understand the new civilization. At same clip, make pupils follow new survey manner, it will be helpful their survey, because civilization daze and academic conventions are chief jobs for international pupils, if they can work out those jobs it will be good for their life and survey in abroad state. Introduction There has been a addition in international pupils over the last decennaries. Sydney Institute of Business and Technology ( SIBT ) is a chief instruction institute in NSW that accommodates IS demands. Academic civilization and acquisition ( CAL ) is a class that teaches academic English and is a mandatory unit. There are eight categories short in CAL and this research is on these categories. Loneliness and homesickness are two of import jobs which can be impact IS. Students and universities should be overcome all of the jobs with survey in abroad. This study give the information about challenges to the abroad pupils. Literature Review There is no inquiry, nowadays international pupils ( IS ) survey in other states, they will confront many different jobs, it will be act upon their survey, such as civilization daze and academic conventions. Duworth ( 2010 ) province that in Australian higher instruction one of the of import things for pupils is English linguistic communication degrees, particularly for international pupils. Harmonizing to Oweas ( 2011 ) , to assist the exchange pupils get more experiences about Australian instruction theoretical account, it deployed by critical battle with diverse stuffs in altering contexts. Gary & A ; Murray ( 2011 ) province that the importance of written and unwritten communicating accomplishments are agreed by surveies of communicating in accounting. For this point both formal and informal surveies have tended to utilize general footings. Hellsten & A ; Prescott ( 2004 ) province that the of import job about Asiatic pupils are that they think it is hard to lend with others in category and discus with each other. Brick ( 2006 ) province that civilization daze is a broad scope of symptoms what result when a individual is forced to transport at the normal maps of day-to-day life in unfamiliar ways, it is named of civilization daze. Xia ( 2009 ) province the civilization daze is the chief manner to giving people negative impact. It shows a portion of solutions and evolutes the effectivity The methods Participants There are 118 CAL A pupils who study in SIBT. All most people from China, other people from Asiatic and Saudi Arabia. Procedures The questionnaire or study carried out online. CAL pupils, such as figure and per centum. The SIBT pupils were the research worker. Measures There two sorts of inquiries civilization daze and academic conventions. In civilization daze, there are many inquiries, such as civilization daze since coming to Australia, what kinds of civilization daze. In adamic conventions, English hard to grok during periods of hearing, written English is reasonably easy. It is easy to written English during the category clip. Consequences From the research, it can be seen homesickness ( 49.15 % ) and solitariness ( 35.59 % ) is large job for CAL students.to solve those jobs, about pupils spend clip with friends ( 55.93 % ) , other pupils try to make something to work out these jobs. In academic conventions, about pupils think listening is non job for them, but there are still have other jobs such as 35.59 % pupils thick English is hard for them. After this, 40.68 % pupils believe their unwritten English is clear and easy understand, merely 17.80 % pupil disagree with it. Student troubles with geting new academic conventions. Learning new academic content is non easy for pupil, such as linguistic communication job and category acquisition, they are troubles for pupil geting new academic conventions. For illustration, merely 15.25 % pupils think listening is bot job for them, and more than half pupils think they have composing job. Some pupils ( 34.75 % ) believe it hard to understand the content of their talks. Dunworth ( 2010 ) province that in Australian, the English linguistic communication conventions degrees of pupil has becomes a important job, it is peculiarly for abroad pupils. For international pupils, a linguistic communication degree is really of import, because it non merely impacts their survey, but besides it can impact their life in other state. Gary & A ; Murray ( 2011 ) province that composing and unwritten communicating accomplishments are of import for survey. If a individual can speak with each other and at same clip he or she can compose anything about their survey or occupation it wi ll be easy for their survey or work. In decision, linguistic communication and adapt to the new acquisition environment is really of import fir international pupils, because it non merely assist their survey or woke, besides it can be impact their life in abroad state. The impact of civilization daze symptoms on the ability to analyze. Culture daze means when people coming to new topographic point and follow out the different day-to-day life. This job is when a individual moves to new civilization background work and unrecorded. For civilization daze, differences look. The being of cultural differences cause misunderstand or mistakes in the procedure of English acquisition. In the research of CAL pupils, 45 % of pupils agree with this, when they coming to Australian, they have been cognizant of some affect are civilization daze. As consequence, civilization daze is the average manner to act upon pupils analyze in new civilization background. Xia ( 2009 ) states that, civilization daze, the feelings like haplessness, it is of import for some people who come into contact with new civilization. In the study consequence, there are 18.64 % pupils think they are deficiency of focal point or trouble with concentrations. At the same clip, Birck ( 2006 ) province that headaches contestant fatigue, trouble in kiping. All of those jobs are physical symptoms of civilization daze, from the study consequences, more than half pupils believe that they got those jobs. Decision The most important findings of this study include what is civilization daze, what civilization daze influence, and the symptoms of civilization daze. For illustration, fatigue, solitariness, homesickness and concerns, all of these jobs cause from civilization daze, both psychological science and physical jobs are really of import for pupils, because these jobs will impact pupils analyze and lives. Brick ( 2006 ) states that civilization daze, itself in feelings in annoyance and restlessness, the development of negative stereotypes of the host civilization. Besides Xia ( 2009 ) province that civilization daze is the chief ground to given negative and impact IS survey in other civilization. Dunworth ( 2010 ) province that in Australia, the English linguistic communication convention degrees are really of import, because it can be help pupils better their linguistic communication accomplishments. For this study it clearly pointed out the negative and impact from civilization daze and ac ademic conventions. However, it dose non give the clear suggest. As the consequence, it could be give some good solutions to assist IS survey in other civilization. Recommendations for pupils and universities [ Type text ] Page 1

Death Penalty: the Christian View

In almost every society, there are crimes and violations of human rights. To deal with these things, there are laws that prescribe the prevention of their occurrences. However, if the law is broken, commensurate punishment is put on the violator. Depending on the seriousness of the crime, the punishment may be light such as imprisonment for up to one year with corresponding fines, or it could also be severe as death penalty. Capital punishment or death penalty is usually imposed on persons who committed heinous crimes and are those that endanger the safety of the society. Some countries and societies implement capital punishment while others do not. There are various reasons for this policy of countries, including the social view on the death penalty and the prevailing religious view in the society among others. One of the foremost arguments for the imposition of death penalty is that it acts as a deterrent for heinous crimes. Most societies throughout history have used capital punishment. Governments have also used this extensively to execute persons that do not conform to the laws and standards of conduct in the society. Throughout history, capital punishment was also used to suppress political dissent and to preserve the prevailing order in the society. Nowadays, the death penalty is being imposed on capital crimes such as treason against the state, espionage, and murder. In other countries, crimes that are of sexual nature such as rape, sodomy, and adultery are also punishable by death. Human trafficking, plunder and corruption, as well as drug trafficking are also punishable by death in other countries. The foremost reason being given for the imposition of capital punishment is its power to deter crimes. The argument says that if heinous crimes are punishable by death, would-be perpetrators of such crimes would protect their lives and they will not commit heinous crimes. On the part of the victims of such crimes, they also receive justice and redress for the injury through the capital punishment. On the other hand, capital punishment is a lot less expensive than life imprisonment (Paternoster, 1991). There are a lot of debates surrounding the imposition of capital punishment. Almost all countries in Europe, as well as in the Pacific area, and Latin America have abolished capital punishment in the name of respecting and protecting human rights. There are still a large number of countries that retained it, however. The United States Federal government with 36 States has retained it. Brazil imposes capital punishment only during wartime while countries in Asia and Africa also retained it. Notably, South Africa does not have capital punishment in spite of the high incidence of violent crimes such as murder and rape. South Korea no longer imposes capital punishment, as well as Uzbekistan, because it was not being used for a long time. A number of individuals, organizations, and human rights advocates object to the imposition of capital punishment. The questions they raise concern the effectiveness of capital punishment in deterring crimes. Moreover, there is always the possibility that the innocent person will be sentenced to death. Once the penalty is imposed, it can no longer be undone even if a separate investigation will render the accused as innocent from the crimes. There are also a number of instances in which minority groups are discriminated against in imposing capital punishment. Minority groups usually have lesser access to the best lawyers. As such, they run the greater risk of being proclaimed guilty for the crimes for which they are accused. With capital punishment, once death penalty is imposed, it is final. The person will have no chance to reform his ways or redeem his actions. He has been condemned by the courts to be forever separated from the rest of the society. In the 62nd General Assembly of the United Nations in 2007, the UN passed a resolution calling for the universal ban on capital punishment. This resolution asked the member-states of the UN to impose a moratorium on imposing the death penalty with the eventual plan of abolishing capital punishment. This resolution was made in recognition of the human rights of accused criminals and the possibility of redemption and change. Various religions also have varied responses to capital punishment. Even a particular denomination or religious group may not have a unified stand regarding capital punishment. Religious sentiments do play a significant part in the views of people regarding capital punishment. The Bible is replete with various passages that may seem to support or condemn capital punishment. The Old Testament, particularly, is based upon a morality of â€Å"teeth against teeth† and â€Å"life for life. † The books of laws of the Old Testament actually prescribe stoning to death the persons who commit serious crimes against God and against the community. A number of biblical scholars have considered the part of the Ten Commandments that say â€Å"You shall not kill† as a prohibition against individual cases of murder (The Ryrie Study Bible, Exodus 20:13). In the first place, the Christian faith believes that humans are created in the image of God. As such, a serious crime against another person is also a crime against God. In the Old Testament, premeditated murder was sufficient reason for the death penalty (Numbers 35:31, 33). Moreover, in Genesis 9:6, it can be read that â€Å"whoever sheds the blood of man, by man shall his blood be shed†. St. Thomas Aquinas also published his thoughts regarding capital punishment. He said that â€Å"the civil rulers execute, justly and sinlessly, pestiferous men in order to protect the peace of the state† (Summa Contra Gentiles, III, 146). Furthermore, St. Thomas Aquinas talked about the need to impose death penalty on the crime doers. â€Å"The fact that the evil, as long as they live, can be corrected from their errors does not prohibit the fact that they may be justly executed, for the danger which threatens from their way of life is greater and more certain than the good which may be expected from their improvement. They also have at that critical point of death the opportunity to be converted to God through repentance. And if they are so stubborn that even at the point of death their heart does not draw back from evil, it is possible to make a highly probable judgment that they would never come away from evil to the right use of their powers† (St. Thomas Aquinas, Summa Contra Gentiles, Book III, 146). The sacrifice of Jesus Christ on the cross is at the centerpiece of Christianity. Without such sacrifice, there would be no Christian faith. Such sacrifice is also a form of capital punishment in the sense that he bore the sins of the whole world. Such sin therefore requires the death penalty and Christ willingly went to the Cross to satisfy the requirements of a just and loving God for the remission of sins. Although the Old Testament has a number of provisions for death penalty, the New Testament appears to emphasize the love of God. This has been seized by anti-capital punishment advocates in moving towards the abolition of capital punishment. John 8:7 (NIV) of the Bible, which reads, â€Å"But Jesus bent down and started to write on the ground with his finger. When they kept on questioning him, he straightened up and said to them; â€Å"If any one of you is without sin, let him be the first to throw a stone at her. † is being taken as a passage supporting the abolition of capital punishment. In this regard, the sixth commandment is also being preached in a lot of churches as a prohibition against capital punishment. Several Christians also point to the love and grace of God as reason why capital punishment should not be instituted. Following this line of argument, it means that criminals are being given the maximum time for the possibility of repentance and redemption. With God’s grace and love, even criminals may still get a chance to reform their ways. Christian groups have diverse opinions and individual Christians do have the choice for their own preference and view apart from the official stand of their churches. Historically, the Roman Catholic Church accepted capital punishment based on the theology and views of St. Thomas Aquinas. The reason behind this is the way in which death penalty can deter and prevent crime. It is not a means for revenge. However, during the time of Pope John Paul II, the Roman Catholic Church revised this position. This position was defined by Pope John Paul II through the encyclical he released entitled Evangelium Vitae. As a result of this, the Roman Catholic Church now believes that capital punishment is not the best way to deal with crimes. Rather, capital punishment should be avoided except in cases where it is the only means available to defend the society from the criminal or offender. Given the present situation of penal systems, such need for execution is virtually non-existent. According to the Catechism of the Roman Catholic Church, â€Å"Assuming that the guilty party's identity and responsibility have been fully determined, the traditional teaching of the Church does not exclude recourse to the death penalty, if this is the only possible way of effectively defending human lives against the unjust aggressor. If, however, nonlethal means are sufficient to defend and protect people's safety from the aggressor, authority will limit itself to such means, as these are more in keeping with the concrete conditions of the common good and are more in conformity to the dignity of the human person. Today, in fact, as a consequence of the possibilities which the state has for effectively preventing crime, by rendering one who has committed an offense incapable of doing harm – without definitely taking away from him the possibility of redeeming himself – the cases in which the execution of the offender is an absolute necessity are very rare, if not practically nonexistent† (Catechism of the Catholic Church, no. 2267). Given this position, the Roman Catholic Church has affirmed the sanctity of life through this position. Such position aims to affirm the dignity and rights of a person even if he has committed some crimes. The position promoted and adopted by the Roman Catholic Church through Pope John Paul II is a revolutionary one and it is in keeping with the prevailing views in the world today regarding the abolition of death penalty. Depending on the stand of the churches, more liberal groups tend to be abolitionist, meaning they want to abolish death penalty. The more conservative denominations of Christianity tend to support the imposition of death penalty. Protestant Christian Churches also have their official stand regarding capital punishment. The Anglican and Episcopalian churches has opted a policy that condemns death penalty in 1988 through the Lambeth Conference of Anglican and Episcopal bishops. The United Methodist Church, as well as other Methodist churches all over the world has taken the position against capital punishment. The church says that it cannot support capital punishment on the basis of social vengeance and retribution. More importantly, capital punishment tends to be imposed more frequently to marginalized sectors of the society such as the uneducated, ethnic and racial minorities, the poor, and the disenfranchised. The General Conference of the United Methodist Church, which meets once in every four years, asked its bishops to oppose capital punishment and advocate for governments to impose a moratorium on the implementation of death penalty (United Methodist Church website, 2007). The Lutheran Church in America also opposes the death penalty. Such decision was made in 1991 through a social policy statement that the church released. The policy stated that vengeance is the main reason for the imposition of capital punishment. Furthermore, the Church believes that repentance, forgiveness, and redemption are necessary for true healing to be accomplished (ELCA, 2007). With this policy, the Lutheran Church joins the throng of Christian churches that support the abolition of death penalty. Given these stands of various churches, most denominations appear to support the abolitionist position. The interpretation of these churches of the Christian faith is one in which God’s love and mercy takes precedence over the imposition of punishment on the erring party. There are still churches within the Lutheran tradition that supports death penalty. They cite the stand of Martin Luther regarding death penalty and the way that this represents the justice of God. This also means that churches are now more and more in sync with the ideas and movements of other cause-oriented groups in the society. As time moves on, the views of Christian churches are also changing. There is almost a universal consensus regarding the importance of abolishing death penalty. For Christians, however, there are important issues at stake. This also concerns the emphasis on God’s justice, or God’s love. This also has an implication on the advocacies and ministries of Christian Churches. Traditionally, Christianity has emphasized the justice and the holiness of God and the way in which humans fall short of this. Moreover, justice means equality for all and that people get what they deserve. Given this framework of understanding, capital punishment is necessary. In recent years, however, there has been an emphasis on God’s love and grace. This means that the churches have redefined their role to dispense grace and promote forgiveness, healing, and reconciliation. This does not sit well, however, for the advocates of capital punishment. Because the major denominations such as the Roman Catholic Church, the United Methodist Church, and the Lutheran church have worldwide presence, this means that the abolitionist perspective has a better chance to be propagated all over the world. In this regard, the Christian church is working hand in hand with the United Nations, Amnesty International, and other human rights groups in promoting the dignity of humans. If the advocacy of rights groups and the churches succeed, this means that more and more countries might forego the capital punishment in the coming years. The effects of this on the incidence of crime and the social and governance policy of governments all over the world remain to be seen.

Only Child Syndrome Essay

When most couples today are thinking about kids, they wonder how many they should have. Some people want big families and others would rather have smaller ones. Then there are others that have no clue. They may worry about ‘the only child syndrome†, there are some people that believe it’s true. The question is ‘what is the only child syndrome? It’s a myth that dates back all the way to the late 1800s. When G. Stanley Hall said being an only child was â€Å"a disease all in itself.† Susan Newman, a social psychologist at Rutgers University and the author of the book â€Å"Parenting an Only Child† says the myth has been continued because, â€Å"People articulate that only children are spoiled, they’re aggressive, they’re bossy, they’re lonely, they’re maladjusted and the list goes on and on and on.† (Only-Child Syndrome or Advantage) But there is no science to prove that the stereotype is true. Newman has said, â€Å"There has been hundreds and hundreds of research studies that show that only children are no different from their peers.† (OCSA) Even though most parents fear that their child will have â€Å"the only child syndrome†, there are many positive aspects of having an only child. Children are expensive. According to the department of Labor, for families that make roughly $60,000 a year, each child costs more than $250,000 by the time he or she reaches 18, and that doesn’t include the cost of college (What’s Better: One Child or Siblings?). Children cost their parents roughly $50,000 in just food by the time their 18. †Twenty percent of the family population is one child,† Susan Newman said. â€Å"In the major metropolitan cities, like New York and Los Angeles, that number is thirty percent. People are having children later, which leaves less time for having the second child. Housing is expensive. The divorce rate hovers at fifty percent. Often both parents are working, and child care is a factor.† (WB:OCS) By being in an only child family, the child can develop better verbal skills and excel in school because they have more time to read than children with siblings. They also tend to have high IQ’s because their parents hold them to such high expectations and have more money to give them for schooling. Only children usually have good leadership benefits. They are both born first and last so they have both roles that they have to assume. Only children don’t usually take to groups often, but when they do they more that usually will dominate the group in leadership positions (Only Child Versus Multiple Siblings). As an only child they don’t have to worry about sibling rivalries. They don’t have to worry about competing for their parent’s affection. Sibling rivalries may become out of control when a younger, rebellious siblings compete for their parent’s affection. In some instances, sibling rivalries have become fatal when inheritances or other emotional affection come into play (OCVMS). It’s no fun having a sibling that your parent’s think can do no wrong. The child always has to get compared to this sibling no matter what they do. It would put a strain on the relationship with the sibling and also the relationship with the parents. An only child wouldn’t have to deal with any of that. Only children can grow up to become more independent, that is if their parents haven’t spoiled them by tending to their each and every need (Advantages and Disadvantages of Being an Only Child). They wouldn’t have an older sibling to depend on to help them every step of the way so they would have to fend for themselves. There may be many advantages of being an only child but there are also some disadvantages. â€Å"The Little Emperor Syndrome† is one that comes to mind. The Little Emperor Syndrome is an unintended consequence of China’s one-child policy. The parent gives their love, attention, resources to the one child and the results are that the child becomes spoiled and behaves like a â€Å"Little Emperor†. (ADBOC) The child gets used to having everything done for them by their parent so much so that when they live in the real world, they are faced with real problems they may not be able to cope with. They may also lack self-confidence, and may feel lost when they are outside of the shelter that their parent have made for them. This may not always be the case though. It can be overcome with good parenting. Another big disadvantage of being an only child may be the feeling of loneliness. They wouldn’t have any siblings to talk to and share memories with, or to play with on the weekends. When their parents are no longer around, not having someone to talk to or look up to for any kind of help or support can be a real problem for the child. Furthermore, when their parents are older and need to have someone to take care of them, the only child would have to have all of that responsibility on their shoulders and it could get very overwhelming (ADBOC). An only child could have a lot of pressure put on them by their parents. Like pressure to keep the family name going, or academic pressures. Also being an only child could mean having your parents watch you like a hawk, which may be quite suffocating and stressful. Having siblings could take some of that pressure off that one child and they could have a more of a stress free life. But again this may not be true in all cases. The only child may be able to handle stress easily or have no stress at all. Only children have to work twice as hard at making friends. They don’t have the opportunity of learning social skills by having other children in their household. So that means they have to learn all of their social skills in the real world with other children. An only child may be labeled as a â€Å"spoiled brat† by others that are jealous of their success. They usually receive more negativity from the world than children who were raised with multiple siblings (OCVMS). They may also be labeled as â€Å"loners† because they are used to working on their own on solving problems. A â€Å"loner† isn’t usually taken well by society. Only children usually value their privacy and the luxuries of having their personal lives communicated only to trusted groups of individuals (OCVMS). On the other hand, having multiple siblings can have its advantages, too. Children with siblings learn to negotiate, dominate or submit to other people. They learn to interact with each other at home first rather than with other children. Siblings tend to learn from each other’s mistakes. The first born usually take the role of the â€Å"teacher† or the boss in the family. They can teach the younger siblings about the things they did wrong when they were younger and didn’t know themselves. People who must deal with multiple siblings learn to be better leaders. They are taught to cooperate negotiate and in some instances, compete at home (OCVMS). Most likely the oldest sibling is usually the natural born leader. When individuals have siblings they tend to learn early n what their strengths and weaknesses are and they can build their lives accordingly. Negotiating with multiple siblings is usually a big reason so individuals to learn fast what their strength and we aknesses are so they can use them. Like being an only child, having siblings has its disadvantages too. Having to fight for parent attention and financial support is a big one. Parents who often have to educate multiple kids and enroll them in social activities find themselves in financial strain (OCVMS). So if there is a big age difference between kids, one child may have completely different experience that the other siblings. The blame game is another disadvantage. Younger siblings are usually more rebellious and less successful. The older sibling is usually the one that takes the heat for the younger sibling’s proclivities or personality traits. Younger male siblings are more likely to become homosexual. In fact, there is a 20% chance that a younger male sibling will become gay (OCVMS). Jealousy is often directed toward the older and usually more successful sibling. The younger siblings may form a group to unseat the older sibling from their â€Å"throne.† Younger siblings may be jealous of the older siblings’ money, knowledge, spouse, status, or the time that was spent with their parents before they were born. This happens especially when there is a significant age different between siblings. Many couples now days have to worry about many different things when they want to become parents. They worry about how many kids they want and financially strains of having children. I come from a family where I am the eldest of four younger siblings. Even though I don’t experience it first hand, I am not one who believes in the only child syndrome. Works Cited â€Å"Advantages and Disadvantages of Being an Only Child.† HubPages. N.p., n.d. Web. 12 Nov. 2012. . â€Å"Joys of Parenting.† Joys of Parenting. N.p., n.d. Web. 12 Nov. 2012. . â€Å"Only Child Syndrome a Myth.† Discovery News. N.p., n.d. Web. 12 Nov. 2012. . â€Å"The Situationist.† The Situationist. N.p., n.d. Web. 12 Nov. 2012.

ATP Life Assurances Case Study Example | Topics and Well Written Essays - 1250 words

ATP Life Assurances - Case Study Example While it sounds like it would take much time to monitor each IT project, the company already has formed a very solid routine for doing this every time it needs to. Each IT project is measured in order to make sure it is both efficient and effective while it is being developed, and after the analysis, either a red, yellow, or green label is placed on the system to demonstrate the status of the project. Some of the projects are actually analyzed more than once-these projects are those that are considered "more important" for a variety of reasons. Senior line managers, the Managing Director and chief operating officers are all provided with a monthly report regarding the status of projects that are valued at more than 250K and those that deal with important strategic content. Still, the company does even more to assure that the projects are successful. Another extra step is taken by ATP Life Assurance by using an investment-tracking database for each IT project in order to analyze costs as they proceed. Doing this gives the company members a chance to decide quickly whether a project should be pushed or pulled depending on the financial status and other items that are reported to the employees (Obrien and Marakas). I feel that these six key items are important because they will provide the stakeholders as well as the employees with a basic understanding of what each IT group concept needs to review for success. First, any project should always be initially organized, whether it appears that it may be initially successful or not. The key ideas and concepts need to be organized and keyed in by IT so that they can use the information for the future. The next key concept is to discuss the project, in order to make certain that everybody is aware of what is going on. This would also allow others to contribute their own thoughts or ideas to the project in order to make the project the best it could be. Next, the work flow is a very important item to consider. Work flow can make or break many projects, and a timeframe is always important to determine the success of a concept. How much time should be invested in it Is there a cut-off here When should the company give up on the concept (Seven Steps) Al l of this needs to be taken into consideration. It is also important for the company to set reasonable objectives when forming a project. If a company shoots for notions that are too high, it can devastate its feelings of morale and have an overall negative effect on its employees. However, if it focuses on achieving something much below what it might have been able to do, it is not performing to its full, effective value, which is also a problem. Some kind of happy medium must be found in this concept in order to resolve the