Child Factors Essay

Stefan’s Diaries: Bloodlust Chapter 4

The vehicle was totally dark, yet our eyes, presently adjusted for nighttime vision, permitted us to choose a way through the heaps of dingy coal in the rear. At long last we developed through an entryway into what had all the earmarks of being a five star dozing vehicle. At the point when nobody was looking, we took a couple of shirts and combines of pants from an unattended trunk and put them on. They didnt fit superbly, yet they would do. As we wandered out into the walkway of the seating mentor, the train thundering underneath our feet, a hand snatched my shoulder. Reflexively, I swung my arm at my assailant and snarled. A man in a conductors uniform flew in reverse and hit the stopping point of a compartment with athud. I bolted my jaw to shield my teeth from distending. â€Å"Im sorry! You frightened me and † I trailed off. My voice was new to my own ears. For as long as week, a large portion of my communications had been in rough murmurs. I was astounded at how human I sounded. Be that as it may, I was considerably more remarkable than my voice sold out. I raised the man to his feet and fixed his naval force top. â€Å"Are you okay?† â€Å"I accept so,† the conductor said in a stupefied voice, tapping his arms as though to ensure they were still there. He seemed to be around twenty, with dull skin and graying hair. â€Å"Your ticket?† â€Å"Oh, truly, tickets,† Damon stated, his voice smooth, not selling out that we had been in a dash to the demise just minutes prior. â€Å"My sibling has those.† I shot an irate look toward him, and he grinned back at me, quiet, insulting. I took him in. His boots were sloppy and loosened, his cloth shirt was untucked from his pants, yet there was something in particular about himâ€more than his angular nose and noble jawâ€that caused him to appear to be practically grand. At that time, I scarcely remembered him: This wasnt the Damon Id grown up with, or even the one Id become more acquainted with in the previous week. Since we were tearing out of Mystic Falls toward some undetectable, mysterious point not too far off, Damon had become another person, somebody peaceful and eccentric. In these new environmental factors, I was uncertain in the event that we were mischievous accomplices or sworn foes. The conductor turned his consideration toward me, his lip twisting as he took in my rumpled appearance. I quickly took care of my own shirt. â€Å"We were surging, and † I drawled, trusting my Southern articulation would make the words sound sincereâ€and human. His goldfish-like eyes swell suspiciously, and afterward I recollected a vampire aptitude Katherine had utilized on me to extraordinary impact: convincing. â€Å". . . Furthermore, I previously indicated you my ticket,† I said gradually, willing him to trust me. The conductor frowned. â€Å"No, you didnt,† he answered similarly as gradually, taking additional consideration to articulate each word, as though I were a particularly dull traveler. I reviled quietly, at that point inclined in nearer and nearer. â€Å"But I introduced it to you earlier.† I gazed at him until my own began to cross. The conductor made a stride back and flickered. â€Å"Everyone needs a ticket with the rest of their personal effects at all times.† My shoulders drooped. â€Å"Well uh â€Å" Damon stepped before me. â€Å"Our tickets are in the sleeper vehicle. Our mistake,† he stated, his voice low and calming. He didnt flicker once as he looked at the keeps an eye on hooded covers. The ticket takers face went slack, and he made a stride back. â€Å"My botch. Proceed, men of honor. Im sorry about the confusion.† His voice was far off as he tipped his cap, at that point stood aside to let us stroll into the gentlemens club vehicle. When the entryway shut behind us, I snatched Damons arm. â€Å"How did you do that?† I inquired. Had Katherine shown him how to drop his voice, look his casualty in the eye, and power the poor fellow to do his offering? I gripped my jaw, thinking about whether shed referenced how simple it had been for her to propel me. Pictures flashed into my psyche: Katherine augmenting her eyes, beseeching me to stay quiet, to prevent my dad from chasing her. I shook my head, as though to excursion the pictures from my cerebrum. â€Å"Whos in control now, brother?† Damon drawled, falling into an unfilled calfskin seat and yawning, his hands extended over his head as though he were prepared to settle down for a long rest. â€Å"Youre resting now? Of all times?† I shouted. â€Å"Why not?† â€Å"Why not?† I rehashed stupidly. I held out my arms, motioning to our environmental factors. We sat among sharp looking men in top caps and petticoats, who, regardless of great importance, were hectically belittling the wood-framed bar in the corner. A gathering of more seasoned men played poker, while youngsters in commanders regalia murmured over tumblers of bourbon. We went unnoticed in this group. There were no vampire compasses uncovering our actual personalities. Nobody to such an extent as looked toward us as we plunked down. I roosted on the stool inverse Damon. â€Å"Dont you see?† I said. â€Å"No one knows us here. This is our chance.† â€Å"Youre the person who doesnt see.† Damon breathed in profoundly. â€Å"Smell that?† The warm, zesty aroma of blood filled my noses, and the crash of siphoning hearts resounded around me like cicadas on a mid year evening. Right away a burning torment tore through my jaw. I secured my mouth with my hands, glancing uncontrollably around to check whether anybody had seen the long canines that had darted away from my gums. Damon let out a wry laugh. â€Å"Youll never be free, sibling. Youre fastened to blood, to people. They make you urgent and needyâ€they make you a killer.† At the wordkiller, a man with a rust-hued facial hair and sun-colored cheeks looked strongly at us from over the path. I constrained a kindhearted grin. â€Å"You will get us in trouble,† I murmured softly. â€Å"Yes, well, youve got just yourself to fault for that,† Damon answered. He shut his eyes, flagging the finish of our discussion. I murmured and looked out the window. We were most likely just thirty miles outside of Mystic Falls, however it felt as if everything Id known before had essentially stopped to exist. Indeed, even the climate was newâ€the downpour shower had finished, and the fall sun currently jabbed through wispy mists, entering the glass that isolated the train from the outside world. It was interested: While our rings shielded us from the sun singing our substance, the consuming circle caused me to feel somewhat tired. Driving myself to stand, I took asylum in obscurity paths that drove from compartment to compartment. I went from strolling between the extravagant velvet seats of the top notch vehicles to the wooden seats of inferior. At long last, I made myself agreeable in an unfilled sleeper lodge, closed the drapes, shut my eyes, and opened my ears. Expectation those Union young men escape New Orleans and leave it to ourselves When you see those wonders on Bourbon Street, your Virginia virgin won't appear to be identical You must be cautious. There's voodoo down there, and some state it's the place evil presences come join the fun I grinned. New Orleans seemed like the ideal spot to call home. I sunk into the temporary bed, substance to unwind and let the train rock me into a sleep. I found that I took care of much better after I had rested.

How Long Does PCP Stay in Your System

How Long Does PCP Stay in Your System Addiction Drug Use Hallucinogens Print Why the PCP Detection Timetable Depends on Many Variables By Buddy T facebook twitter Buddy T is an anonymous writer and founding member of the Online Al-Anon Outreach Committee with decades of experience writing about alcoholism. Learn about our editorial policy Buddy T Medically reviewed by Medically reviewed by Steven Gans, MD on February 06, 2017 Steven Gans, MD is board-certified in psychiatry and is an active supervisor, teacher, and mentor at Massachusetts General Hospital. Learn about our Medical Review Board Steven Gans, MD Updated on February 24, 2020 DEA More in Addiction Drug Use Hallucinogens Cocaine Heroin Marijuana Meth Ecstasy/MDMA Opioids Prescription Medications Alcohol Use Addictive Behaviors Nicotine Use Coping and Recovery Determining exactly how long PCP is detectable in the body depends on many variables, including which kind of drug test is being used. PCP, also known as Angel dust, boat, hog, love boat, embalming fluid, killer weed, rocket fuel, supergrass, wack, ozone, can be detected for a shorter time with some tests but can be visible for up to three months in other tests. The timetable for detecting PCP in the system is also dependent upon each individuals metabolism, body mass, age, hydration level, physical activity, health conditions and other factors, making it almost impossible to determine an exact time PCP will show up on a drug test. PCP Drug Tests Timetable The following is an estimated range of times, or detection windows, during which PCP can be detected by various testing methods:?? Urine Test: 1-10 days, 2-4 weeksBlood Test: 24 hoursSaliva Test: 24-48 hours PCP, like many other drugs, can be detected with a hair follicle drug test for up to 90 days. Certain over-the-counter and prescription drugs may cause a false-positive result for phencyclidine (PCP) in some lab tests, namley:?? dextromethorphan - Robitussin, Cough DM ER, etc.,ibuprofen - Advil, Motrilimipramine - Tofranil, anti-depressant, nerve paindiphenhydramine - Benadryl, antihistaminedoxylamine - Unisom, antihistamine, sleep-aid medicationsketamine - anesthesia-like / may be used prior to colonoscopylamotrigine - anti-seizuretramadol - pain medicationdesvenlafaxine - Pristiq, anti-depressantvenlafaxine - Effexor, anti-depressant Why Dosage Makes a Difference There is a significant difference between a small amount of PCP compared to a large dosage, in terms of side effects. Therefore, knowing how long PCP remains in your system is important. If you take more of the drug before it is completely metabolized, you could suffer serious side effects. Even at low dosages, PCP can cause a loss of coordination and numbness throughout your body. On large dosages of PCP, users have been known to become paranoid, suspicious, and not trust others. Some report hearing voices, acting strangely, or become aggressive or violent.?? Harmful Side Effects At normal dosages, PCP can cause an increase in heart rate, respiratory rate, blood pressure, and body temperature. But, a large dose of PCP can have the opposite effect and can cause heart rate, blood pressure, and breathing rate dangerously low. Very large dosages of PCP taken orally can cause: Kidney failureMuscle rigidityHeart arrhythmiasSeizuresDeath Because PCP has anesthesia and pain-killing properties, should serious injury occur during hallucinations, the user may not readily grasp what has happened.?? Long-term use of PCP has been found to cause memory problems, cognitive problems, slurred speech or stuttering. Effects of Withdrawal Even after you stop using PCP you can experience withdrawal symptoms that can become very serious. Some of the PCP withdrawal symptoms patients have reported include:?? Feelings of fear or uneaseAnxietyConfusionAgitationHallucinationsMuscle breakdownTwitchingWeight lossIncreased body temperatureSeizures Addictive Nature Some people who use PCP can become dependent upon the drug and develop classic symptoms of addiction such as not being able to get through the day without the drug and not being able to control how much of it that they use. Phencyclidine users can also develop a tolerance to the drug which means they require larger and larger dosages of it to achieve the same effect, which can have negative health consequences as they take increased amounts of the drug. Treatment If you find yourself requiring larger amounts of PCP to reach the same high as you once experienced, you could be becoming dependent upon the drug and you may want to seek help in trying to quit. You may need to enter a residential treatment program so that your withdrawal symptoms are closely monitored and you can receive medication to reduce those withdrawal effects. Unlike alcohol and some other illicit drugs, there are no medications available to treat PCP dependence by reducing the effects of the drug or reducing craving for the drug for those trying to quit.?? Behavior therapy is currently the only effective treatment for PCP addiction.

Supply Chain Management and Lean Production - 1949 Words

Abstract The system of interconnected businesses used to push a product from supplier to consumer is defined as a supply chain. Supply chain management focuses on managing the supply chain in an effort to improve the quality and time it requires to manufacture a product. In addition to implementing supply chain management, a helpful lean production practice called Just-in-time can be used to remove any waste present along the supply chain. The marriage of lean production and supply chain management creates lean supply chain management, which provides a much leaner and more economical supply chain for the product to flow through. Supply Chain Management and Lean Production Much uncertainty about what supply chain management†¦show more content†¦Today, management of the supply chain can be completed through the use of supply chain management software, such as E2Open. Supply chain management allows a company to document and track data pertaining to the supply chain. Benefits of the supply chain management Supply chain management places importance on managing the customer relationship, as well as the supplier relationship. By effectively managing these relationships, the company can become more competitive, while increasing the quality of the product to the customer. Placing emphasis on the supplier relationship and the businesses along the supply chain increases product efficiency and quality. The importance placed on the customer relationship focuses on the demands and needs of the customer. Through effective communication within the relationships along the supply chain, a basic balance of supply and demand is established. The eight SCM processes The presence of standard processes within an organization assists in optimizing the product flow (Lambert 2008). The implementation of standard processes allows each area on the supply chain to share common knowledge and information in an effort to have the all supply chain participants strive to achieve a common goal. These processes place emphasis on the business as a whole, instead of only focusing on the end product. Lambert (2008) identifies the eight supply chain management processes as being: †¢ CustomerShow MoreRelatedSupply Chain Management and Lean Production Through-Out the World1974 Words   |  8 PagesSupply Chain Management and Lean Production Through-out the World The system of interconnected businesses used to push a product from supplier to consumer is defined as a supply chain. Supply chain management focuses on managing the supply chain in an effort to improve the quality and time it requires to manufacture a product. To implementing supply chain management, a helpful lean production practice called Just-in-time can be used to remove any waste present along the supply chain. The marriageRead MoreLean The Lean Supply Chain Management1552 Words   |  7 PagesLean Management Approach In modern day world, organizations are facing a myriad of challenges. They are facing increasing and continually changing demands by customers, keen and knowledgeable competitors who seize every opportunity that comes their way, and a reduction of the resource base owing to increase spending. Most organizations, therefore, are seeking to increase customer satisfaction, reduce operational costs of doing business, and change their research strategy to improve their know-howRead MoreAgile and Lean Supply Chain Management1719 Words   |  7 Pagesvolatile marketplace. Leagile is the combination of the lean and agile paradigms within a total supply chain strategy by positioning the decoupling point so as to best suit the need for responding to a volatile demand downstream yet providing level scheduling upstream from the marketplace. The decoupling point separates the part of the organisation (supply chain) oriented towards customer orders from the part of the organisation (supply chain) based on planning. In this report, I attempt to prepareRead MoreApplying Lean Tools and Techniques to Optimize Supply Chain Processes1139 Words   |  5 PagesApplying Lean Tools and Techniques To Optimize Supply Chain Processes Introduction In defining how best to apply lean tools and techniques to the optimization of supply chain processes, the systemic structure of a firms value chain needs to first be taken into account, with each specific sector of the supply chain considered an integral part. Of the many excellent insights gained from the study of Lean Logistics (Jones, Hines, Rich, 1997) one of the most significant is how the planning and executionRead MoreLean Six Sigm An Efficient Approach1234 Words   |  5 PagesIntroduction: Lean Six Sigma is a collection of potent techniques and tools that assists organization in attainment of efficacy and enhanced productivity. This is an efficient approach as it highlights and brings out underlying causes behind poor yield experienced by consumers and therefore then put forward organization towards improvement. The deployment of Lean Six Sigma was initiated first by Motorola and GE in during 1980s. From then, the approach has been successfully implemented in variousRead MoreLean Production Is A Benefit For Selling Products946 Words   |  4 PagesLean Production In short, lean production is essentially about receiving more from less. The point of this idea is to lessen the amount of assets or quantity, so the main focus can be utilized as a benefit for selling products and furthering assistance to customers. All while in sync, it is about making the association of the business or supply chain more productive, vaulable and more importantly effective. Lean production can be characterized from various perspectives, however the most mainstreamRead MoreToyota944 Words   |  4 PagesOPERATIONS STRATEGY Lean Manufacturing Toyota’s lean manufacturing has enabled the company to focus on consistent design and responsive approach to production operation. The company’s workforce is self-directed and motivated by output based measures and customer oriented criteria. The concepts of just in time (JIT), Kanban and respect for employees together with expedited problem solving approach (automated error correcting) has enabled the company to pursue lean innovations. Lean manufacturing hasRead MoreImprovements in Supply Chain Performance Through Value Stream Workflows and Managing Supply Chains With Cycle Time Compression: A Comparative Analysis923 Words   |  4 PagesAchieving Time Compression in the Supply Chain Introduction In the article Time Compression and Supply Chain Management - A Guided Tour (Towill, 1996) the author contends that cycle time compression (CT), when coordinated with advanced production scheduling techniques incouding Just-In-Time (JIT) supply chain , can deliver signification financial performance gains for an enterprise. The authors also provide the foundational elements of the Demand-Driven Supply Network (DDSN) that has been provenRead MoreLean Supply Chain Is A Catalyst For Enhancing Product Quality And Business Performance1375 Words   |  6 Pages(Cudney Elrod, 2011). Applying lean concepts goes beyond having a better product than competitors; it’s the supply chains ability to create end-to-end value for the organization and customer. Therefore, for the supply chain to provide organizational success collaboration with all users is critical because effective communication can clearly address expectations and align everyone to work towards a joint goal for mutual suc cess (Jasti Kodali, 2015). Lean supply chain is a catalyst for enhancing productRead MoreProduction Plan for Riordan Manufacturing1315 Words   |  6 PagesA Production Plan For Riordan Manufacturing OPS/571 Operations Management A Production Plan For Riordan Riordan Manufacturing has a reputation for precision and innovation. As a Fortune 1000 enterprise, Riordan cannot afford to have the issues of bottlenecking affecting their production. As a result, a detailed analysis of the bottlenecks, the effects, and appropriate strategic planning were examined. Lean production planning was examined as was new processes. The details of the new processes

Iris Murdochs View about the Conotations of Great Novels

â€Å"The idea of perfection, â€Å"Iris defines in more details the concepts of attention, vision, imagination and love, and all of these figure in the concept of freedom. Her idea of perfection is moral progress, the movement toward a better vision of an object or a person, in order to seek out the reality of something or someone else. Iris defines that: â€Å"Art is the most educational of all human activities and a place in which the nature of morality can be seen. Hence, good art inspires love in the highest part of the soul.† â€Å"Plato describes the role of great art as an educator and revealer. What is learnt in art is about the real quality of human nature.† (63) In an interview took place during August 1987 at Iris Murdochs home in Oxford by S.B Sagare, Murdoch shared her view about the connotations of great novels. Sagere asked that:† You say that the great novel is shaped by the vision of the artist— I mean, ‘a novelist should have a view point of mature morality’ (‘Sublime and Beautiful Revisited’ 257). Will you please elaborate?† Murdoch answered: â€Å"I think the fundamental thing which a great novel cant be without is a kind of moral vision, an ability of the writer to judge justly his own general attitude to his society and attitude to his characters. This is what must be deep, must be just, and must be compassionate. The presence of these virtues, the ability to see thing in perspective also implies an ability to express what is funny in the right sort of way. These are

Statistic Sampling and Research Design Free Essays

Carlene Reyes 809000173 Question 2: Describe the relationship between research design and sample design Before examining both sample design and research design it is important to be clear about the role and purposes of each design. Research design is a plan for collecting and utilizing data so that desired information can be obtained with sufficient precision or so that a hypothesis can be tested properly. Every type of empirical research has a form of implicit research design. We will write a custom essay sample on Statistic: Sampling and Research Design or any similar topic only for you Order Now A design is a logical sequence that connects to empirical data to a study’s initial research question and ultimately it, to its conclusion. According to Adam G Bluman in his book Elementary Statistic define research design as a logical plan from getting from here to there, where here may be defined as initial questions to be answered , and there is some conclusion (answers) to these questions . Another text book has described research design as a plan that guides the investigator in the process of collecting analyzing and interpreting observations. It is a logical method of proof that allows the researcher to draw inreferences concerning causal relations among the variables under investigations (Nachmias andNachmaias 1992 pp. 77-78). Research design can be seen as the â€Å"blue print† for your research, dealing with at least four problems what question to study, what data are relevant, what data to collect and how to analyze the results. As a result research design is more than just a work plan it is what makes social science scientific. In addition there are various forms of research design that can be broken up into both quantitative and qualitative research design. Qualitative research follows a naturalistic paradigm which is based on the idea that reality is not predetermined, but is constructed by the participants in the research (Vishnevsky and Beanlands 2004, p. 235). It aims at exploring the phenomenon in question by focusing on the individuals who experience it, assuming that it is possible to maximize the understanding of the phenomenon by minimizing the interpersonal distance between the researcher and the participant. Qualitative research in non-experimental, with no dependent or independent variables. The idea is to understand phenomena as a whole. Qualitative research is done â€Å"in the field† and requires ongoing data collection and analysis. The data collection and methodology are flexible, and allow for modifications throughout the research process, gathering subjective data that includes thoughts and perceptions of the participants and the researchers alike. Qualitative research does not choose a representative sample of the population, but only chooses as participants those who have rich experiences in the phenomena of concern, and the sample size is rarely predetermined, because researchers include as many participants as necessary to give an understanding of the phenomena (Vishnevsky and Beanlands, 2004, p. 235). Whereas, in quantitative research the researcher aim is to determines the relationships between one thing (an independent variable) and another (a dependent or outcome variable) in a population. Quantitative research designs are either descriptive (subjects usually measured once) or experimental (subjects measured before and after a treatment). Descriptive studies are also called observational, because you observe the subjects without otherwise intervening. Descriptive research provides answers to the questions of who, what, when, where, and how for example a study measuring various attributes of salespeople, a training program, or a retailing situation. Experimental studies are also known as longitudinal or repeated measures studies, for obvious reasons. They are also referred to as interventions, because you do more than just observe the subjects. However the sample design provides information on the target and final sample sizes, strata definitions and the sample selection methodology. It’s a relatively small subset selected from a population. Sampling design is a process of selecting a member of a unit for a study in such a way that the unit represents the larger group from which they are selected. Sampling makes possible the study of a large heterogeneous population. There are different forms of sampling design it can be classified as probability sampling and non-probability sampling. Probability sampling is a proportion and such sample is selected from the population by means of some systematic way in which every elements of the population has a chance of being included in the sample. With this research it is more complex its time consuming and more costly. Non probability sample is not a proportion of the population which there is no system in selecting the sample. The selection depends upon the situations no assurance is given that each has a chance of being included as a sample. The first form of probability sampling is Random sampling this type of sampling is one in which everyone in the population of the inquiry has an equal chance of being selected to be included in the sample. Its main advantage of this technique of sampling is that it is easy to understand and it is easy to apply too. Its disadvantage is that it is hard to use with too large a population because of the difficulty encountered in writing the names of the person involved. Another form of sample design is systematic sampling a technique of sampling in which every kth member of a list may be selected to be included. This form of sampling is called interval sampling there is a gap or interval between each selected unit in the sample. Its main advantage is that it is more convenient faster and more economical. Its disadvantage is that if the sample might become biased. Stratified sampling is another form of sampling the process of selecting randomly , samples from different strata of the population used in the study a sample obtained by dividing the population into groups, called strata according to the various homogeneous characteristic and then selecting members from each stratum for the sample . Its advantage is that it contributes much to the representative of the sample. Cluster sampling also called multi-stage sampling are used when the population is so big or the geographical area of the research is so large, it is therefore efficient to use. Its disadvantage is that it reduced accuracy or representativeness on the account of the fact that every stage there is a sampling error. Non probability sampling methods into two broad types are accidental and purposive. Most sampling methods are purposive in nature because we usually approach the sampling problem with a specific plan in mind. The most important distinctions among these types of sampling methods are the ones between the different types of purposive sampling approaches. In purposive sampling, researchers sample with a purpose in mind. We usually would have one or more specific predefined groups we are seeking. Accidental sampling is where the first set of available appropriate sample are used. To conclude research design function is to ensure evidence obtained enables us to answer the initial question as unambiguously as possible. Thus, we need to ask what kind of evidence is needed to answer these questions. Research design is thus equated with both qualitative designs whereas sample design is equated with both probability and non probability sampling. Sampling design involves taking a proportion of the population to do your research project. How to cite Statistic: Sampling and Research Design, Essays

Sears Tower free essay sample

There is something romantic about this building- its tall frame, its minimal design, the elegant black bands running around the building, the use of tinted black aluminum curtain with bronze tinted glazing, the bundled tubular form etc etc. I have always been a fan of minimalism, courtesy Mies Van Der Rohe, and I have a thing for buildings with the ‘skin and bones’ kind of appeal, a characteristic found essentially in the design of this building. It is almost like nudism in art, only that the canvas is 110 story tall. The form speaks for itself, and there is no articulation, almost like saying ‘Love me or Hate me, but this is me’. But yes, the Sear’s tower certainly has the ‘Less is More’ kind of appeal. You certainly cannot compare it to any of the ‘freaky, eccentric’ architecture in Dubai, with its Disneyland inspired buildings. The Sears tower has its own class, it is like Al Pacino- It is a legend. We will write a custom essay sample on Sears Tower or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Keeping the Form of the building aside, The Sears Tower has served for decades as a triumph of engineering. The tower is essentially a series of nine tubes, bound together. Think of it as a pack of cigarettes with each tube rising higher than the rest. The shortest tubes are 50 stories, the second set rises to 66, the third set to 90, and the final to 110 stories. At the mechanical floors are extra trusses which act like belts wrapping around the building and helping counteract the forces of strong winds. The structure of this tower was designed by the Late Fazlur Khan, who was a partner in SOM. He is the first person to introduce the bundled tubular structure in 1973 leading to development of non-box like forms in buildings. With the new Sustainability measures being brought in by the new Owners of the Sears Tower, I was pleasantly surprised with the fact that it is moving with the times. Nobody likes to run a vintage car with a fuel guzzling mileage. I really hope this car is ready for its second innings.

Enron Case Study

Enron Case Study Introduction Agency problem is one of the major challenges that shareholders face in their effort to maximize wealth through investment. One source of agency problems is associated with the existence of conflicts of interest. In an effort to increase their earnings, firms’ management teams engage in unethical practices such as financial irregularities. Additionally, they also implement operational strategies that aim at maximizing their firms’ profitability rather than the shareholders’ wealth.Advertising We will write a custom case study sample on Enron specifically for you for only $16.05 $11/page Learn More Therefore, to better illustrate how the operational strategies implemented by firms’ management teams can cause a firm to collapse, this paper evaluates the case of Enron Corporation. More focus goes to the firm’s cultural environment and the implemented management control. The paper also conducts an analysis of Enron ’s ineffectiveness in implementing a strong organizational culture and its inefficient management control system. Case background The case illustrates the rise and collapse of Enron Corporation. Some of the salient features evident in the case include: Factors that contributed to the rise of the company These factors are clearly illustrated and explained. The case makes it evident that Enron’s collapse was due to inefficient control by the company’s Chief Executive Officer, Jeff Skilling. The leadership style adopted by Jeff Skilling Leadership style stands out as the major factor that contributed towards the emergence of an inefficient organizational culture. Establishment of a â€Å"new economy†- Skilling laid more emphasis on transforming the firm from being an â€Å"old economy† to being a â€Å"new economy†. However, the leadership style he adopted had a negative impact on the firm’s effort to achieve its goal. Management contr ol system The case cites inefficiency in controlling the activities of the employees, which comes out as a major cause that significantly contributed towards the firm’s failure. Company attributes Enron Corporation was energy and commodities trading company, which was formed in 1985 by Kenneth Lay. Its headquarters were located in Houston, in the US. The firm owned the most extensive natural gas pipeline in the US. In a quest to maximize its profitability, the firm ventured into the international market. In addition to its energy business, Enron also positioned itself as a giant with regard to water and wastewater management having ventured into the industry in 1998. Upon its market entry, the firm gained global recognition courtesy of its strategic move with regard to its adoption of the â€Å"new economy† strategy. Enron’s management team appreciated the importance of diversification in an effort to maximize profitability. Consequently, the firm established n umerous divisions. Some of these divisions included online marketplace, transportation, wholesale, and broadband services. The firm’s decision to incorporate the concept of product and service diversification emanated from its founders’ focus on steering it towards maximizing the shareholders’ value. Business strategy The success of a firm depends on the effectiveness with which it formulates and implements business strategies. In the course of its operation, Enron adopted a business strategy that focused on attaining a high rate of expansion. Consequently, Enron incorporated a number of business strategies, which included internationalization and formation of mergers and acquisitions.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The firm’s success in the international market emanated from its ability to implement strategic practices such as acq uisitions. For example, in 1987, Enron acquired Zond Corporation, a leader in wind-power, which provided an opportunity to venture into the renewable energy sector. The firm was very effective in venturing into the international market. In its internationalization strategy, one source of the firm’s success was its ability to formulate and implement effective international marketing campaigns. Industry analysis using Porter’s five forces Understanding industry characteristic is paramount in a firm’s efforts to formulate and implement competitive strategies. The porter’s model is one of the frameworks that are suitable in analyzing the intensity of competition, buyer and supplier bargaining power, degree of rivalry, and threat of entry of a particular industry. The industry was experiencing an increment in threat of entry due to its profitability potential. New firms especially firms dealing in production of renewable energy were considering the possibility of venturing into the industry to exploit the presented profitability. The threat of entry was minimal given that there were minimal legal barriers. The emergence of renewable forms of energy significantly increased the threat of substitute. Consumers were switching to renewable forms of energy. The intensity of competition led to an increment in the degree of industry rivalry. The various alternatives with regard to forms of energy significantly increased the buyers’ power. This aspect emanated from the fact that they could switch at a minimal cost. On the other hand, the suppliers’ bargaining power was low due to the large number of suppliers. SWOT Analysis Strengths Pipeline infrastructure-The firm established an elaborate natural gas pipeline network in the United States. The firm’s name attained a relatively high credibility given that it ranked 7th on the Fortune 500. Positive reputation-In the course of its operation, Enron managed to attain and sustain positive reputation. Its strength also emanated from the fact that it had attained a monopolistic advantage over its competitors emanating from its large size. The firm achieved this goal by positioning itself as the largest energy provider in the US. Human capital pool- A firm’s ability to attain high competitive advantage relative to its competitors is directly impacted by the quality of its human capital. In its operation, Enron had been very effective in enhancing its employees’ skills, abilities, knowledge, and capabilities by undertaking comprehensive training and development.Advertising We will write a custom case study sample on Enron specifically for you for only $16.05 $11/page Learn More Innovation- Enron’s management team appreciated the fact that it operated in a very dynamic industry. Consequently, it laid great emphasis on innovation in an effort to thrive. Its innovation ability enabled Enron to shift from natural gas an d energy transportation to being a trading company. The firm specifically focused on other areas such as pulp and paper production, coal, steel, and communication business lines. Marketing and value delivery- Since its establishment, Enron had been committed towards meeting the customers’ needs. Its ability to identify and deliver customer values played a significant role in enabling Enron to attain an optimal market position. Weaknesses Failed board of directors- The firm’s board of directors did not execute its oversight role effectively, which stands out clearly in the face of its inability to monitor the firm’s operations through its committees. Additionally, the firm’s board of directors failed in enhancing moral and ethical practices within the firm. As a result, its auditors and employees engaged in unethical practices such as deceit. Conflict of interest- The firm’s weakness also stands out given the inability of the management team to con trol conflicts of interest that occurred in various transactions that the firm engaged in during its existence. This aspect pushed the firm into great losses due to the persistent fraud, which further necessitated the firm’s collapse. Opportunities Public reputation -In the course of its operation, Enron developed a strong public reputation, which presents an opportunity that the firm could have exploited in the course of its operation. Consumers associated Enron with its ability to provide quality energy. Consequently, Enron could have exploited such public perception to expand its pipeline and other businesses. Additionally, Enron could have exploited the move by the government to deregulate the energy industry by venturing in other energy sectors. For example, the firm should have considered the possibility of venturing into production of clean energy. This move would have played a significant role in dealing with climate change challenges of the 21st century and thus the firm’s reputation would have improved significantly. Formation of mergers and acquisitions Considering the prevailing economic environment, Enron should have improved its competitive advantage by seeking reputable firms in the industry to form mergers and acquisitions. Some of the potential partners that the firm should have focused on included firms dealing in production of clean energy. In the course of its operation, Enron gained sufficient experience informing mergers and acquisitions. Threats Terrorist threat – The threat of terrorism had become real to firms in different economic sectors. Terrorists were increasingly targeting major infrastructure in the US such as energy plants in an effort to sabotage the country’s economy. Therefore, the extensive natural gas pipeline that Enron had developed in the US could have attracted terrorists, and such an occurrence could have a significant impact on Enron’s operation.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Economic crisis- Due to the high rate of globalization, the US could not shield itself from the occurrence of another economic recession. The occurrence of a recession could have directly affected Enron because it derived a significant proportion of its revenue from household consumption. Competition In the course of its operation, Enron faced competition challenges emanating from the numerous firms in the US energy industry. The intense competition significantly increased the degree of rivalry within the industry. Consequently, most firms in the industry focused at formulating and implementing strategies that enhanced their ability to increase their market share. One of the strategies that the industry players were focusing on entails research and development. Organizational culture An organization’s culture has a significant impact on how its employees act. This aspect arises from the fact that the culture nurtured by a particular organization affects its traditions and cus tomers coupled with how employees execute their duties and responsibilities. Firms develop their culture over time. Upon his entry into the company, Jeff Skilling intended to transform the company’s culture into a â€Å"New Economy†, and to achieve this goal, he focused on transforming the company into becoming an exemplary intellectual capital firm that would greatly delight the shareholders and stakeholders. Consequently, Enron developed a culture that was characterized by intense regulation. This move significantly contributed towards the firm’s collapse. The firm’s management team believed that the culture it developed would foster its innovativeness and capacity to adapt. Consequently, the firm recruited the most talented employees mostly composed of new university graduates such as MBA holders. The decision to recruit employees of such caliber hinged on the management teams’ emphasis on entrepreneurial thinking and risk taking, which made the firm’s managers to become overconfident. Enron nurtured an aggressive culture that led to a high rate of employee turnover. This scenario arose from the fact that the firm laid more emphasis on attaining short-term results. The firm’s management team formulated an employee evaluation program that was conducted after every six months. The objective of the evaluation was to enhance the integrity and creativity amongst the employees. However, this move stressed most of the employees thus reducing their operational efficiency. Employees who succeeded in attaining the set targets received extensive monetary rewards such as salary increments, stock options, and bonuses. Skilling’s focus on development of such culture did not succeed. Instead, a culture of arrogance, fierce internal competition, and extreme decentralization became the norm. The firm’s manager was mainly concerned with transforming the institution into a postmodern, hyper-flexible, and a firm th at continuously re-invents in order to align with changes in the external business environment. According to Skilling’s opinion, this would enable the firm to increase its profitability. Conversely, the ever-changing characteristic of the firm made employees to perceive a significant decline in their job security. Due to its extensive expansion, Enron ventured into unfamiliar territories. The inexperience of the firm’s executives significantly contributed towards the occurrence of mistakes. Additionally, the management team’s emphasis on generation of ideas from the employees led to accumulation of information, which the firm could not process adequately. Its over-emphasis on risk taking made the firm to ignore the costs associated with such risks. Additionally, putting pressure on the employees to be creative stimulated most employees to take shortcuts, which were in most cases unethical. The firm’s employees laid more emphasis on creativity because it a ttracted great rewards compared to integrity. This aspect led to the occurrence of agency problem between shareholders and managers. Employees were mainly concerned with their personal welfare rather than attaining the shareholders’ wealth maximization goal. Problems and Key Issues raised in the case The case illustrates a number of problems and key issues that Enron experienced in the course of its operation. One of the major problems evidenced in the case touches on the accounting system used by the firm. Enron adopted an aggressive accounting style whereby the accounting officers inflated figures in the firm’s financial statements. Additionally, special partnerships were formed with the objective of defrauding the firm. The partnerships rendered the process of accounting very complicated. The accounting officer did not record the actual values in the firm’s accounting books. The records were made to look attractive, which was not the case. The management team engaged in fraudulent reporting by manipulating the firm’s revenue and earnings in order to sustain the firm’s credit rating. Consequently, most investors perceived the firm as a solid and reliable investment partner. The auditors colluded with the management team in return of huge financial gains. Approximately, the auditors and consultants earned between $25 million and $27 million in audit and consulting fees. In the course of executing its oversight duties, Enron ignored the firm’s financial capacity, which made its shares to rise significantly during the 1990s. Enron relied on the â€Å"mark to Market† accounting system, which enabled it to succeed in adjusting the value of its stocks and shares by reflecting the prevailing market value. By using this method, Enron comfortably reported its expected future earnings as current earnings. Therefore, Enron disregarded its codes of ethics, which is based on integrity, respect, excellence, and communicatio n. The existence of conflict of interest between managers and shareholders comes out clearly given the fact that the executive mainly focused on maximizing their earnings. In August 2001, the company Chief Executive Officer Jeff Skilling resigned from the company and immediately disposed off his stocks, which were valued at more than $33 million. In addition to the accounting fraud, another key issue that is evident in the case study relates to the firm’s overdependence on making deals. Despite the fact that Enron had developed a professional risk assessment and control committee, the committee did not execute its duties effectively. For example, the committee was reluctant to reject projects that were evidently risky. Its inability to execute this role was necessitated by the fact that the management team mainly focused on making deals that would contribute to increment in the firm’s cash flows, hence necessitating the firm’s ability to attain high growth. Addi tionally, the committee was reluctant to express its opinion regarding illegal businesses and practices that the firm was undertaking. This scenario arose from the fact that making such opinions would herald their career’s death. The firm’s management team rewarded blind loyalty to employees and quashed those who portrayed dissent. Enron situation fits perfectly in the theory of planned behavior. The theory explains that there exist reasons behind the occurrence of a particular situation. It asserts that unethical practices such as corruption mainly hinge on specific values and intent. Enron’s employees mainly focused on engaging themselves in extreme competitive actions and favored unethical practices in order to achieve their desired operational efficiency. The behavior thrived because the employees observed the optimal treatment to individuals who engaged in shortcuts to attain the desired level of creativity. Conclusion and recommendations In summary, the fr aud in Enron Corporation was a result of failure in the firm’s leadership system, management control, and ineffective organizational culture. Its focus on positioning itself as a â€Å"new economy† stimulated employees to engage in unfair activities in order to achieve the desired objective. Additionally, the management team developed a culture that focused on attainment of results rather than nurturing integrity. Consequently, employees engaged in unethical practices and disregarded the codes of ethics implemented by the firm. Therefore, to deal with these challenges, Enron should have considered the following recommendations. Enron should have adopted a progressive-adoptive culture. This culture focuses on generation of new ideas and openness to new ideas. However, it does not force employees to implement the ideas hence it does not enhance unhealthy competition. It would also have been important for the firm to consider nurturing a community-oriented culture, which mainly seeks to ensure a high level of collaboration and cooperation amongst employees. Adoption of such cultures would have played an important role in providing employees with direction. To ensure effective reporting, Enron should have incorporated accrual method of reporting to ensure accurate description of the company’s value. With regard to control issues, the firm should have adopted a more current control system by reviewing its policies, procedures, and rules. The policies and procedures should have focused on nurturing integrity and ethics. The firm should have remained strict in implementing ethical policies and procedures to refrain employees from unethical behavior. Appendix Action plan on how to implement the recommendations and the expected time duration Action Time December 2012 1st – 4th 7th 10th 11th 14th 15th –20th Reviewing the organization culture Reviewing the firm’s reporting system Evaluating the firm’ s management control system Reviewing the leadership system

The Rumor of Rapists Luring Victims With a Crying Child

The Rumor of Rapists Luring Victims With a Crying Child Several viral messages that have been circulating, through email and social media since 2005, claim that gang members in various parts of the world have begun using crying children. This claim surrounds the idea that they are pretending to be lost or in distress to lure female victims to secluded places to be assaulted. Police have repeatedly stated that there is no evidence that such tactics are being used by rapists. This viral text and email rumor is considered false and includes several examples over the years, with versions from 2005, 2011, and 2014. See these versions below, review the analysis of the rumor, and learn how viral rape warnings can be misleading. The 2014 Example As Shared on Facebook ATTENTION ALL GIRLS AND LADIES:If you walk from home, school, office or anywhere and you are alone and you come across a little boy crying holding a piece of paper with an address on it, DO NOT TAKE HIM THERE! Take him straight to the police station for this is the new gang way of Kidnap and rape. The incident is getting worse. Warn your families and friends.Repost this please! The 2011 Example As Received Through Email FW: Fox News Alert - Please Read!FROM CNN FOX NEWSThis is from the County Sheriff Department please read this message very carefully.This message is for any lady who goes to work, college or school or even driving or walking the streets alone.-If you find a young person crying on the road showing you their address and is asking you to take them to that address... take that child to the POLICE STATION!! No matter what you do, DONT go to that address. This is a new way for gang members to rape women. Please forward this message to all ladies guys so that they can inform their sisters friends. Please dont feel shy to forward this message. Our 1 message may save a life. Published by CNN FOX NEWS (Please circulate)..**Please DO NOT IGNORE! The 2005 Example As Delivered by Email Subject: New Rape Case TacticHi everyone, I am not sure when did this happen, but it is best to be careful and safety comes first.She was just discharged from the hospital...Today after office hours, I heard from my sister-in-law that there is a new way to rape women It happened to one of our good friends The girl left the office after working hours and saw a little child crying on the road Feeling pity for the child, she went and ask what happened The child said, I am lost. Can you take me home please? Then the child gave her a slip and tell the girl where the address is. And the girl, being an average kind person, didnt suspect anything and took the child there.And there when it arrived the childs home, she pressed the door bell, yet she was shocked as it the bell was wired with high voltage, and fainted. The next day when she woke up, she found herself in an empty house up in the hills, naked.She has never even get to see the face of the attacker... Thats why nowadays crimes are t argeted on kind peopleNext time if the same situation occurs, never bring the child to the intended place. If the child insist, then bring the child to the police station. Lost child are best to send to police stations.Please send this to all your female friends.(my extra note: guys, please tell your mom, your sister, your wife and your girlfriends too!) Analysis of the Viral Message Rumors Even though recent variants of this rumor have been shared under the guise of police warnings or sheriffs department warnings, no reports have been found. This includes documented cases in which rapists actually used, or even attempted to use, crying children as bait to lure female victims. Law enforcement officials have repeatedly denounced these warnings as hoaxes. The earliest version of the hoax was forwarded in 2005 by a reporter in Singapore who had already identified it as an urban legend. Within a month it had made its way to South Africa, and by May 2005 more copies began to circulate from readers in the United States. As of 2013, eight years later, law enforcement agencies were still fielding inquiries about it from El Paso to Petaling Jaya, Malaysia. Viral Rape Warnings Can Be Misleading and Dangerous People sometimes defend viral warnings like these by arguing that, even if false in their particulars, they remind women to keep their wits about them and be careful and that it cant hurt. What weakens that argument is that the false warnings are, in fact, specific. To the degree that potential victims are persuaded to focus their attention on a crying child as a sign that an attacker may be nearby, the more likely it is that theyll be inattentive to other cues, such as real cues, that theyre in danger.

Why Students Plagiarize and Consequences of Plagiarism Assignment - 1

Why Students Plagiarize and Consequences of Plagiarism - Assignment Example This paper seeks to try and identify exactly what is meant by plagiarism, the reason as to why it is so extensive and the probable effects of plagiarism on students and institutions. According to Anderson (1998), plagiarism can essentially be defined as the act of using another person’s words without undertaking to give the person any of the credit that is due to that person. Plagiarism is seen to have its root set in the traditional Western civilization concept of property ownership. During the historical period of the Greco-Roman era, it was common to find orators and authors frequently borrowing from one another, however, the discovery of such theft was usually met with a lot of public ridicule and sarcasm. Intellectual property protection can be deemed to be primarily concerned about money and the freedom for an individual to develop various ideas into a number of products and works that will be found to be of immense benefit to society. To encourage discovery and creative development among its citizens, the law is designed so as to give an originator a certain amount of time within which he will be allowed to control both the content and disbursement of any of the products which might happen to result from his idea. In the event that someone happens to seat al use this original material, they are liable to be charged with infringement of property. There are a number of reasons as to why plagiarism is found to be so extensive among students within higher education. In a study conducted on a sample size of 5000 students, the results of the study suggested that an estimated three-quarter of the sample group admitted to having engaged in some form of academic cheating. A large number of students in the sample group recorded as having previously plagiarized supports the notion that while it is possible to reduce plagiarism in the various institutions of higher learning, it is nevertheless impossible to completely eliminate it.  16 percent of the students in the study cited the reason as to why they plagiarized was a result of the belief that they would not be caught, students were aware of the rather immense pressure that the university staff were under as a result of teaching and marking the results of a large number of students and believed that they could be able to safely take the chance with submitting plagiarized work.

HMVs E-business Performance Case Study Example | Topics and Well Written Essays - 3750 words

HMVs E-business Performance - Case Study Example During the early years, HMV was a brand name known to every music lover and became synonymous to music retailing. This helped HMV to expend its base out of London to all most every corner of Britain. The first major period growth came in the sixties, when fifteen new stores were opened in grater London and south east and then again in the following years it becomes customary affair for HMV. Store sizes of HMV have been increasing to accommodate the vast range of music videos, computer games etc. In October, 1998, this process culminated in the opening of HMV in new 50,000 sq feet flagship store at 150 Oxford Street, listed by the Guinness book of records at the time as the world's largest record store. In later years, HMV continued to launch its flagship standard superstores all over UK. The UK based chain was also able to successfully export the branch to the rest of the world and retail chains were established in North America &South East - Asia. HMV continued to lead the way in mu sic retailing into the millennium and launch HMV - direct in 1992, its mail order operation and in 1997, its own website WWW.hmv.co.uk shows its commitment towards adopting new technologies and to cater the opportunities which lie ahead. Now HMV has developed into one of the world's leading ret... HMV is dedicated to provide its customers the widest range possible of music, films and games across all formats. Recently, the music industry specially has seen the revolution in the form of digital music which has the capacity to be offered at any time, anywhere in the world through number of channels. This has increased capability to reach out vast number of audiences. "Electronic commerce is often thought simply to refer to buying and selling using the Internet; people immediately think of consumer retail purchases from companies. But e-commerce involved much more than electronically mediated financial transactions between organization and customers. Many commentators refer to e-commerce as all electronically mediated transaction between an organization and any third party it deals with. By this definition, non-financial transaction such as customers' requests for further information would also be considered to be part of e-commerce (Chaffey, 2004). The HMV group operates form approximately 680 shops in 7 countries and total retail floor space of 3.6 million square feet. For the full year ended April 2007, HMV group had a turnover of 1,894.5 million pound and operating profit of 57.3 million pound. HMV UK & Ireland sold 78 million CD & DVD units and water stone's 58 million books in the financial year ended April 2007. The acquisition of Ottakar's for 62.9 million pound brought together two businesses similar to each other i.e. book selling and music, video & games selling. Waterstone and Ottakar are both specialists offering a wide range of titles. This step has been taken by the company to accommodate customers' requirements. Book selling in UK has been impacted by intensifying competition form

Head Case :: Biology Essays Research Papers

Head Case Most of the little girls I knew in my childhood liked to play dress up, host tea parties, play with dolls, paint, and do other "normal" children's activities. When I was a little girl I enjoyed painting, hosting tea parties, and spent many of my weekends and school vacations competing in both national and international martial arts tournaments and exhibitions. Martial arts taught me self-discipline, self-control, and self-awareness as a child. It kept me physically fit, and made me more confident in my abilities. However, as I progressed through the ranks I spent more time training and much more time competing. Once a practitioner reaches the level of Black Belt, all sparring matches become full contact, meaning blows to the head, neck, and below the waist are now scored as hits as opposed to fouls by sporting rules. I reached the rank of Black Belt at age eight, meaning I participated in full contact sparring matches for roughly six years. In addition to my competing as a martial artist, I was also an amateur boxer for two years- from ages 13 to 15. At the time, I didn't think about the consequences of the sport I had chosen. The daily punishment of taking one or two hard blows to the head didn't seem troublesome at the time. All competitors wore gloves in addition to protective headgear and mouthguards. In the roughly ten years in which I fought competitively I sustained several concussions, and only one in which I lost consciousness. However you may wonder, what is the clinical definition of this condition, and how are concussions diagnosed? What is a Concussion? When an injury to the brain is sustained, it causes the brain to bounce against the hard bone of the skull. The force of the hit against the skull might cause "tearing or twisting" of structures and blood vessels in the brain. This "tearing or twisting" deep within the brain tissue causes a breakdown in the normal flow of messages within the brain. This breakdown is the biological explanation of the concussion condition (1). Oh No! Am I Concussed? There are over 600,000 cases of sustained concussion in the United States alone each year. Symptoms include, loss of consciousness, dizziness, nausea or vomiting, increased size of one pupil, loss of memory, severe headache, weakness in one or more extremities, or changes in behavior. These symptoms may last anywhere from a couple hours to several weeks or months, depending on the seriousness of the injury, according to most physicians (1).

Intermediate Financial Management

BA – 316 Project Part 1 Identify a company Look at financial statements (from previous years, at least one year) Conduct ratio analysis. Use Dupont equation from results.. Make a financial statement Organize and Analyze Statements Make recommendations – how will you improve the forecast Strengths, weaknesses, etc. Part 2 Forecasting – Statistical Analysis Standard Goal of 10% Determine location of new funds (borrowing, issuance of stocks, capital) ? page to 1 page proposal before starting project Chapter 2 Homework – (5 , 9) & Mini Case (a – i), (#12 for 08/31) *Mini Case (j – m) for 09/12 Correlation Coefficient -> Degree of variability Possibilities of economy on investments ProbabilityRate of Return A Pessimistic. 2513% Likely. 5015% Optimistic. 2517% Realized Rate of Return & Correlation Coefficient ***Calculate Correlation of Coefficient for these stocks Stocks X, Y, and Z Year 1Year 2Year 3Year 4Year 5Avg? X8%10%12%14%16%12%3. 16 Y16%14 %12%10%8%12%3. 16 Z8%10%12%14%16%12%3. 16 Correlation – A statistical measure of the relationship between the rates of return of two assets Correlation Coefficient – A statistical measure of the degree of the relationship between the rates of return of two assets. Positively Correlated – Describes two rates of return that move in the same direction Negatively Correlated- Describes two rates of return that move in opposite directions ?= t=1n(ri,t-ri,avg)(rj,t – rj,avg)t=1nri,t-ri,avg2t=1nrj,t – rj,avg2 Yearr  ? xryrz 18%16%8%Rxy= 2101410 3121212Rxz= 4141014 516816 Diversifiable Risk Company-specific risk Unsystematic risk S&P, NASDAQ, Dow Jones Non-Diversifiable Risk Market Risk Systematic Risk The risk of a portfolio depends on the correlation coefficient of returns on the assets within the portfolio. 1. If rate of return of two assets are perfectly positively correlated, R = 1 2. If rate of return of two assets are perfectly negatively correlated, R = -1 3. If rate of return of two assets are independent, -1 < R < 1 Beta Coefficient – b Measure of the risk that one asset can contribute to a portfolio ry = a + b(rM) When beta is positive, it means that the stock moves with the market And vice-versa if beta is negative Beta measures the non-diversifiable risk of an asset. Find Correlation Coefficient (as a portfolio) Calculate beta – Use S&P What should be the risk of the portfolio? **Pick a pair Exxon & BP Walmart & Kroger Verizon & AT&T Toyota & Ford CAPM – Capital Asset Pricing Model A model that describes the relationship between the required rate of return and the non-diversifiable risk of a portfolio rMrxryrz 55102. 5 1010205 1515307. 5 20204010 25255012. 5 30306015 r17. 517. 5358. 75 b1120. 50 ?111 bx= ? rx? rm? xm = ? x? m? xm SML Equation – ri = rrf + (rm – rrf)bi IF rm = 9% RRF = 3% bA = 0. 5 bB= 1 bC= 2 Slope of SML line provides the riskiness of the market, aka market risk premium. Chapter 3 – page 76 Optimal Portfolio Homework (#7) Covariance COVAB = i=1nrAi- rArBi- rBPi ProbabilityAsset AAsset BAsset CAsset DAsset E .158%4%12%2%4% .20861046 .3088878 .2081061210 .1581241612 r ? 88888 ?02. 522. 524. 662. 52 COV COVxy= ? x ? y(? xy) Solve COVBD, COVBE, COVCD Calculate risk without beta ?p= wx2? x2+(1-w)y2? y2+2w(1-w)? xy? x? y Two key factors for investing How much is the rate of return What is the risk involved If COV is large & positive Portfolio standard deviation will be between the two stand-alone deviations If COV is large & negative Portfolio standard deviation will be minimized (lower than the lowest one) Analyzing portfolio options Asset AAsset B r ? 5%8% ?410 wawbr ? p 100%05. 0 75%25%5. 75 50%50%6. 5 25%75%7. 25 0100%8. 0 ?p ?ab = 1? ab = 0? ab = -1 Linear relationship between increases in portion changes of asset A vs. asset B Percentage change in risk also remains constant if perfectly positively or perfectly negatively correlated Look into financial statements for project, bring to class 09-28 r ? A = 5% ?A = 4% r ? B = 8% ?B = 10% wAwbr ab = 1? ab = 0 ? ab = -1 100%0%5%444 75255. 755. 53. 90. 5 50506. 57. 05. 43. 0 25757. 258. 57. 66. 5 01008. 010. 010. 010. 0 Plot rate of return on y-axis and risk on x-axis The feasible set will be determined Most Efficient portfolio Provides maximum expected rate of return with the least risk. The capital market line Shows the possibility that investors could have an efficient portfolio outside of the feasible set Short-term borrowing and short-term lending

Racial Differences the Tempest - 1757 Words

Racial Differences in The Tempest The Tempest is a classic example of Shakespeare’s dichotomized notions of right and wrong within the context of racial inherencies, a social commentary of the colonialism of the New World. An important theme in the play is the racial differentiation between Caliban and the other antagonists, primarily, Prospero, who comes to the island and enslaves Caliban to enforce his own rule. This relationship, as portrayed through the play, is a reflection of the historical social and racial tensions that existed between the colonizers of New Europe and the Native Americans and is illustrated through the language employed by Shakespeare and the interactions that take place between the characters. The Tempest†¦show more content†¦The racial and colonial divides do not remain at the mere differentiation or relegation of a people but extend to explain why these differences justify the dominance of supposed superior culture over these very people. T he play reflects early modern conceptions of race and racial differences through the marriage between Claribel and the African King of Tunis as well as through the treatment of Caliban by the antagonists. Claribel marries the King of Tunis out of obedience to her father even though she does not want to. Shakespeare portrays this marriage to an African as degrading, reflecting the racial conception of the inferiority of the colored man to the white man through the character of Sebastian and his conversation with Alonso, the King of Naples: That would not bless our Europe with your daughter, But rather loose her to an African, Where she at least is banished from your eye, Who hath cause to wet the grief on’t . . . You were kneeled to an importuned otherwise By all of us, and the fair soul herself Weighed between loathness and obedience at Which n o‘ the been should bow. (36-37) Caliban also reflects the racial differences and inferiority of other races to the white race, which is partially reflected in his contrast to Prospero. Caliban’s mother wasShow MoreRelatedWilliam Shakespeare s The Tempest1874 Words   |  8 Pages â€Å"You look similar to me with your appearance. Not just with skin color, but with hands and feet,† said the Caliban from Shakespeare s The Tempest, (or as I will call him, Caliban X). â€Å"I share the same sentiment,† said the Caliban from Cesaire s A Tempest (or as I will refer to him as, Caliban Y); â€Å"...and I am not aware of the circumstances of why we are here, but we can use this time for a purposeful discussion about our livelihoods.† â€Å"I seem to have heard you mention the color of ourRead MoreNo More Miss America By Robin Morgan Essay932 Words   |  4 Pagesstereotype based on racial beauty standards, submissiveness, and inferiority to men. The NYRF protest critiqued both the representation side of the behavioral expectation of â€Å"traditional women† as well as the structural side of the obstacles that women faced within social institutions such as labor and educational opportunities. With the representative side â€Å"traditional women† promoted by the Miss American Pageant, it reinforced women’s submissive and sexist inferiority and racial beauty criteriaRead More The Tempest Essay1765 Words   |  8 Pages The similarities and differences between Aime Cesaires ATempest and William Shakespeares The Tempest gives the reader an idea that it is a political response. From the way that both of the titles of these works of literature differ, an idea of concept is offered. They share a similar story line yet, after some one has read A Tempest : a different perspective is gained. A Tempest is actually considered a post colonial period piece of writing and one can acquire and prove this by the formsRead MoreComparing Power in The Tempest and Othello1801 Words   |  8 PagesComparing Power in ‘The Tempest’ and ‘Othello’ Both plays are about the ultimate struggle for power. Power can be shown in many ways such as race, gender, ‘others’, social class, and most importantly through use of language. Power can be shown in both plays through the use of ‘otherness’. This can be associated with power as characters such as Othello or Caliban are ‘others’ because they are from ‘elsewhere’. One such character who could be described as an ‘other’ is Othello. Bill Bryson suggestedRead MoreThe Origins Of The Negritude Movement Essay1949 Words   |  8 PagesThe origins of the negritude movement all point towards Aimà © Cà ©saire and his literary works. His 1969 play, A Tempest explores postcolonial identity as it relates to the black self. The portrayal of colonizer and colonized characters highlight differing attitudes towards imperialism. Cà ©saire’s call to the black man invites celebration of their identity as a race with a colorful and trying past. Born in 1913 on the island of Martinique, Aimà © Cà ©saire was immediately tossed into a realm populous withRead MoreEssay on The Moor in the Works of William Shakespeare4150 Words   |  17 Pagescoming up with further descriptions such as blackamoor, a word which denotes darker skin color. Whether the term Moor had a definition of white or black, of pagan or Muslim religion, or area of origin seems to be interchangeable when one notes the differences between Shakespeares four characters. Sources of the Elizabethan image of the Moor most likely came from sources such as classical descriptions, actual encounters, travel narratives, and literary conventions (Bartels 433).       Why isRead More Freedom and Servitude in Shakespeares The Tempest Essay3355 Words   |  14 PagesFreedom and Servitude in Shakespeares The Tempest What is slavery? Is it an institution? A mental state? A physical state? Is it human nature? Or is, â€Å"†¦slavery is†¦an inherent, natural and eternal inheritance of a large portion of the human race† (Ruskin 307). Whether or not any one of these options is true, the fact remains that each says something about humanity. Therefore, when a play like The Tempest comes along, centering on the themes of freedom and servitude, one must look forRead MoreVoices Beyond Exploitation : Gender Norms And Racial Bias1657 Words   |  7 PagesVoices beyond Exploitation: Gender Norms and Racial Bias in 18th Century Poetry From the mid-18th century until present day, Africans and people of African descent, as well as female poets who advocated for equal rights began to write down their personal stories of how slavery and social restrictions have impacted their lives. At first they would write in small paragraphs and poems, but later they would create collections of slave and feminist literature, that once published reached a range of peopleRead MoreThe Great Gatsby By F. Scott Fitzgerald1824 Words   |  8 Pagesnose, when she mentioned Daisy to him. Tom became very tempest when she did so. Tom is also known as a ruthless racist character. This is so because Tom has brought up racist comments many times even when all of them would be white, like in the hotel in Ney York, and Jordan reminded Tom that they were all white no one was a different ethnicity. Tom is shown as a character who once lived in West Egg which means that he must be rich. The difference between him and Gatsby is that Tom moved to Eas t EggRead More How The Eustace Diamonds Changes Representations of Femininity5204 Words   |  21 PagesRhoda’s name is meant to signify greed and racial otherness. As if her name were not enough, she is also â€Å"woolly-haired,† â€Å"woolly-headed,† â€Å"that Creole,† â€Å"the Black Princess,† â€Å"the dark object,† and a â€Å"Hottentot Venus† (10,12, 20, 228, 234, 240). All of these descriptors and her name itself indicate that Miss Swartz’s importance to the novel comes from the significance of her racialized body. Thackeray emphasizes Miss Swartz’s status as the racial other through an interesting pre-Darwinian