Micro and Macro Economics Assignment Example | Topics and Well Written Essays - 500 words

Micro and Macro Economics - Assignment Example So the jobless workers used to join the companies where there is no existence of the union. As the number of employees increased in those nonunion companies, salary/wages used to get reduce. In this case the spillover effect is [($20-$10)/10]*100= 100%Estimated Union Advantage with the Spill-Over Effect:The revised salary of the nonunion company is $10 where as new salary in the Union based company is $20. Although the spillover growth is showing a value of 100% growth in actual term, growth in the wages in the union based company is 33.33%.Increase at wages in Firm B: The increase in the wages of firm B is known as threat effect. Generally, companies where no union is present used to take this way to minimize the possibility of development of concept of union controlled labour system. Generally, the increase in wages is lesser in this companies compared to that of the unionized firms. As an example, in this example, the rate of increase in the wage for firm A is 50% ($20 to $30) whi ch is unionized whereas for B it is 25%. ($20 to $ 25)Union Advantage: In firm A, the growth in wages are [($30-$20)/$20]*100=50%; whereas for firm b, which is a non-union firm growth in wages are: [($25-$20)/$25]*100= 20%. There is a clear difference of 5% in increase of wages between union and nonunion firm.Prevailing Wage can be defined as hourly wage system, usually added benefit and structured overtime compensation paid to the majority of the people belonging to working group within a particular area.

Physical - Circuit Essay Example for Free

Physical Circuit Essay Length (centimetres) Voltage (Volts) Current (amps) Voltage (Volts) Current (amps) Voltage (Volts) Current (amps)Length (centimetres) Voltage (Volts) Current (amps) Resistance (? )Â   As the table shows above, the resistance of the length 5cm and 10cm were equal, and then it suddenly decreases. This shows theres an error; I think it happened because we didnt set our circuit in the correct positon. Table 5: This table shows the details about normal wires used in the experiment, Constantan wire with diameter of 0. 90mm, however is longer than the one before, retry. First Tried Second Tried Third Tried Length (centimetres) Voltage (Volts) Current (amps) Voltage (Volts) Current (amps) Voltage (Volts) Current (amps) Length (centimetres) Voltage (Volts) Current (amps) Resistance (? ). This seems to be nice results as it shows; the resistance were rising up slowly as the length grows. It proved this is a nice experiment, and let us understand this wire could be use for transferring the current through. Table 6: This table gives the results about the different kind of wires used in the experiment, Nichrome wire with diameter of 0. 90mm. First Tried Second Tried Third Tried Length (centimetres) Voltage (Volts) Current (amps) Voltage (Volts) Current (amps) Voltage (Volts) Current (amps)Â   Â  Length (centimetres) Voltage (Volts) Current (amps) Resistance (? )Â   This graph shows a very clear results, the increase of resistance were easy to see, from the positive correlation shown. This means that this is quiet a good test, it dont seems to have any error in this experiment. Table 7: This table gives the details about the third wires used in the experiment, Copper wire with diameter of 0. 90mm. First Tried Second Tried Third Tried Length (centimetres) Voltage (Volts) Current (amps) Voltage (Volts) Current (amps) Voltage (Volts) Current (amps) Length (centimetres) Voltage (Volts) Current (amps) Resistance (? ) This result shows the metal which can transfer the least resistance through by the differences of the length. It was mostly under , this means that we cant use this much as the time were transferring a large amount of currents. Table 8: This table have the results which copper wires were heated in the beaker of water. Wire length equals to 100cm long. Room temperature were 24Ci. First Tried Second Tried Third Tried Temperature (Ci ) Voltage (Volts) Current (amps) Voltage (Volts) Current (amps) Voltage (Volts) Current (amps) Temperature (Ci) Voltage (Volts) Current (amps) Resistance (? )Â   The last experiment we done, by putting a wire with length 100cm, diameter of 90mm into boiling water. Our result shows more clear on the table than the graph. As we can see, the resistance only raise a bit as the temperature goes up. But the difference from 30 Ci to 50 Ci were higher than what I expect, I think this is because of the temperature were not fix while we were recording our results down to our table. Compare and Contrast. This is the averages of the 3 wires. By showing this on a graph we could be able to tell which wire has the highest resistance. Constantan Wire Copper Wire Nichrome Wire Length (centimetres) Resistance (? ) Length (centimetres) Resistance (? ) Length (centimetres) Resistance (? ) By reading the graph, we could see that Nicrhome Wire have the highest resistance out of the three wires, so we could tell that it can allows least current flow through each time compare to the rest of them. If one day we have to choose a wire from this three to pass current through, the best is using the Copper Wire, it got the lowest resistance which means it have a high amount of current can pass through per second. If we dont want the electricity to flow through easily, we will choose the Nichrome Wire, because it only allows small amount of current to pass through each time. Constantan Wire was a normal wire, it cant be use for high resistance flowing, but it can allow more current flow at each time compare to the Nichrome Wire. However, we could see that the resistance were rising up no matter which materials of wire we have chosen, so that means they still conduct electricity, so we shouldnt touch it while having this kind of experiment. Compare and Contrast 2 This is the averages of the 3 different diameters of wires. By showing this on a graph we could be able to tell that which diameters can allows the most resistance to pass through. Wire with 0. 45mm Wire with 0. 9mm Wire with 1. 25mm Length (centimetres) Resistance (? ) Length (centimetres) Resistance (? ) Length (centimetres) Resistance (? ). By looking at the graph, we could see that Constantan Wire with 0. 45mm of diameter have the highest resistance out of all. So we could tell that it can allow high amount of resistance but low amount of current flow through each time compare to the rest of them. The wire with diameter of 1. 25mm can allows the lowest resistance, that means it could have highest current to flow through each time. However, we could see that the resistance were rising up no matter which diameter of wire we have chosen, so that means they still conduct electricity, so we can use it to let current pass through. Evaluation In my experiment, Ive found out theres some error occurs. In my first results, by using the length of 15cm, the resistance seems to be a little bit different from the rest, so it didnt showed as a straight line. This might because my circuit werent set correctly, so this error occurred. For the second experiment I did, theres seems to be a error at the second try of length 10cm, the number seems to be too high compare to the rest of them, I believe this happened because we accidentally crash the variable resistor. Then in Table 3 we got an error again, the current of the wire seems to be a lot more higher, Im sure this occurs because the resistor is not working well, and also the circuit were kind of messy, might affect the results we got. Then we got an error results shows at Table 4, none of the results can fit with Table 3, there were the same wire, same diameter, only the length we tested is different, but the results we got were too out of range, so I can say that this is a failed try out. So we re-do the experiment using this wire again. I think that this happened because the ammeter is down, the current were keep increasing by every few seconds. In Table 8, for testing the temperature, it seems to be a nice results, however the different of 50Ci and 30Ci were larger than what I have expect, so I could tell that the temperature of the water might not be as accurate as the time we measured. Also it might because some water spread out of the beaker, onto the wires; this should be changing my normal results. Also, Im not really sure about how the resistor works with ammeter; therefore by accidentally move it might decrease the accuracy of my results as well. The results of resistance might be different because the circuit we set werent exactly the same, therefore it might also be some differences compare to the first time, the first results we got. So, maybe next time we should have used the same circuit, and do all of the experiment in same time, and it might have a better results in future. Conclusion. In my own opinion, I believe this is quiet a nice experiment, and I also get some good results as well. Ive found out that my prediction was correct, about the copper wire with a diameter of 90mm will transfer the least energy compare to the rest of the two. I also learned about the circuit of electricity, I could now tell how the current flowing was, and how it could be measured. By looking at the results Ive got, I was really please, even though some mistakes happened in the experiment, but we still success to finish our experiment in the time limit, which is such a great thing to celebrate. Resistor can be use to protect the ammeter, this is a very useful apparatus; I know the ammeter was an important character in the circuit while measuring the resistance. So if the ammeter were damage cause of the flowing current were too high, this will be a very bad news for us. So take care of the equipment is another important thing I learn from this experiment. If I have a chance to repeat the experiment, I would be likely to set my circuit up just like this time, because there shall be less problems. And I might use the copper wire more often in the circuit, using copper wires it allows more current to pass through compare to the Nicrhome and Constantan wires, which might help in my future life. Bibliography: http://en. wikipedia. org/wiki/Series_and_parallel_circuits http://www. circuitcity. com/ccd/home. do Science Investigation Report Daniel F5D 1 Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Electricity and Magnetism section.

Lost Illusions, Bitter Wisdom and Fragile Hope in The Tempest Essay

Lost Illusions, Bitter Wisdom and Fragile Hope in The Tempest   Ã‚   Is Shakespeare’s play, The Tempest, a drama of lost illusions, bitter wisdom and fragile hope? Before this question can be considered, one first has to interpret these terms. Perhaps "bitter wisdom" and "fragile hope" are fairly simple concepts to understand, "lost illusions" is somewhat less clear, particularly in the case of The Tempest.    There are three main interpretations of "lost illusions" that could be made. The first is that of a revelation of the mind; the discarding of an 'illusion' to reveal the truth of one's feelings. The second is similar but with a subtle difference; the lifting of an illusion to disclose the truth about something physical (instead of emotional, as in the first case). The last interpretation could not be applied to every use of the word 'illusion,' but suits The Tempest extremely well; this third analysis revolves around magic and the supernatural world.    There are several clear examples from the text to illustrate these various points of view. For the first case we have the character of Prospero who, by the end of the play, has realised that he requires more in his life than his Art of magic. He comes to acknowledge that he needs a change of environment, however much he will miss his old life on the island. For the second interpretation, we have the circumstances surrounding Antonio's usurpation of Prospero's title (told only in flashbacks); the true events that occurred then only come to light at the end of the play, when Prospero reveals the entire story to the assembled characters. The third interpretation, that of magic, is present throughout the play, as Prospero exerts his supernatural talents upon the... ...ased to be a problem, whereas Alonso has the future of his son to contemplate; a future that is by no means certain.    From all this, it is clear that, in a general sense, Shakespeare’s play, The Tempest, is a drama of lost illusions, bitter wisdom and fragile hope, as many characters go through that cycle (lost illusions, leading to bitter wisdom and ending with fragile hope), or various parts of it. Also, this description can be used in a more precise manner, when dealing solely with individual characters, particularly Prospero, Miranda, Alonso and Ferdinand.    Works Cited and Consulted Cesaire, Aime. A Tempest. Trans. Richard Miller. New York: UBU, 1992. Kermode, Frank. "Introduction," in The Tempest(Arden Edition), (London: Methuen, 1962), xlvii-xlviii. West, Robert. Shakespeare and the Outer Mystery. Lexington: UP of Kentucky, 1968.

Comment on the Positive Function and Dysfunction of Social Policy in Hong Kong.

2. Definition of Social Policy Social policy primarily refers to guidelines and interventions for the changing, maintenance or creation of living conditions that are conducive to human welfare. Thus, social policy is a part of public policy that has to do with social issues. More specifically, it also considers detailed issues in policy and administration of social services, including policies for health, housing, education and social work, and needs and issues affecting the users of services, including poverty, old age, disability, and family policy. To have more clearly speaking, terms of social needs, social integration and alienation will be elaborated. Social needs are people’s needs which are socially defined according to social conditions. Yet we can still have a look at Hierarchy of ‘Need† as a reference since social needs are part of the basic needs. According to A. H. Maslow (1943), there are a hierarchy of five sets of goals including physiological, safety, love, esteem and respect, and self-actualization. These goals are related to one another, being arranged in hierarchy of prepotency. Social integration is referred to the process of building up a sense of community and social network amongst different community groups and individuals, hence people all live together in a peaceful and harmonious manner. It is the key element to social stability and can be achieved by promoting social mobility. Alienation is opposite to social integration, which means the feeling of being neglected or isolated and excluded from the rest. Such feeling of seclusion may destroy any sense of community or belonging and hence lead to social instability. Various types of social policy are being implemented in a society, such as family policy, education policy, and healthcare policy and so forth. We will particularly focus on social policies which aim to improve human welfare and to meet human needs for health, education and housing. 3. Overview and Comment On Social Policy in Heath Aspect The health system of Hong Kong is considered as one of the best world-wide. It is divided into two parts, which are public health services and private health services. Our government heavily subsided for the former services but citizens need to pay for the fee for the latter services. The Department of Health executes health care policies and statutory functions so as to safeguard the health of the community through preventive and rehabilitative services. In order to achieve the goal, subvention for the Hospital Authority has been increased in recent years. Besides, it is expected that ageing population will increase, expectations of health care will rise, and medical costs will soar. Therefore, it is not difficult to foresee that health expenditure will become a heavy burden for our government. Based on this problem, our government proposed to have a reform and some policies were implemented. I will look at two schemes in the following part. 3. 1 Early Health Care Voucher Pilot Scheme Early Health Care Voucher Pilot Scheme (HCVS) was addressed in the Policy Address 2007 -2008. The Scheme is to give elders who aged 70 or above five health care voucher of $50 annually. It aims to allow elderly to gain access to health care services in the private sector with subsidy and hence minimize the number of patients on the waiting list in the public sector. Through the Scheme, the elderly can have additional choices on top of the existing public healthcare services which would continue to be provided, hence equity is encouraged as a universal access to medical services regardless of wealth or status is promoted. It will contribute as a positive function since social integration is encouraged. Besides, complaints are always arouse due to the long waiting list of the public sector, patients can now save their time by visiting private doctors with partially subsidization. However, in order to further fulfill the social needs, eligibility for joining the Scheme should be relaxed from 70 to, for example, 65 years old and the subsidized amount of $250 should be increased. It is because only small amount of people can benefit from the scheme and financial support given to them is not enough due to the high consultation fee of private doctors. 3. 2Health Care Reform A lot of people support there is an urgent need for the reform especially after consultation documents in health services and financing reforms during the past ten years. One part of the proposed reform is tax deduction should be provided for private medical insurance premium or expenses. Our government is working out a supplementary healthcare financing option operating on a voluntary participation basis, containing insurance and savings components. For using this kind of method, it is believed that indemnification can be provided for citizens, which meets the second level of basic need in Maslow’s Hierarchy Needs. Moreover, it can release the pressure on the public sector and hence ensure a high quality of services in public sector. On the other hand, the reform should be taken into deep consideration, if health insurance plan is mandatory to all citizens, it may lead to dissatisfaction of some citizens and which will at last violate the aim of social policy. In short, providing both public health services and private health services can maintain competition in the private sectors which can ensure its quality. Giving welfare to our citizens can foster a sense of belonging and unity in the community. Subsidization in health care services given to the poor by various scheme can encourage redistribution of wealth and hence promote social mobility. Though Hong Kong’s health care standards are comparable to many major European cities and always being praised at, it will be a shame if our citizens cannot receive appropriate treatment due to the long waiting list problem. Therefore, it has been urged to think of new schemes and more partnerships between the city's public and private hospitals in a bid to ease the burden on the public sector. 4. Overview and Comment on Social Policy in Education Aspect Education has long been regarded as a long term method to stabilize the society and promote economic development in the city. In Hong Kong, Education Bureau’s Vision is to provide quality school education for our students to develop their potential to the full and to prepare them for the challenges in life. Hence, it promises to deliver professional services and ensure effective use of resources, and forge partnerships to promote excellence in school education. The Bureau is responsible for formulating, developing and reviewing policies, programmes and legislation in respect of education from pre-primary to tertiary level. Those policies formulated by the Bureau will be divided into the four categories in the following part. . 1Kindergarten Our Government plays as a supporting role in pre-primary education, which provides in-service teacher training facilities, lower rent to non-profit-making kindergartens, permission of allocating kindergartens in public housing estates, and supplies financial assistance in the form of reimbursement rates to parents and kindergartens. 4. 1. 1Kindergarten Scheme In 1996 Policy Add ress, our government brought up the idea of allocating more financial assistance and providing additional training for existing kindergarten teachers through implementing Kindergarten Scheme. One of its commitments is to ensure more than 40% of kindergarten teachers would complete the Qualified Kindergarten Teacher Education Course by September, 1997. Although such policies legislated by the government were reacted because of pressure from the public, it still can ensure the quality of preschool education to all. Besides, equity is advocated as good quality preschool education made available universally. Yet, the policies can only partially fulfill social needs because our government is always taking a supporting role only, a higher degree of support for preschool education is needed. . 1. 2 Pre-primary Education Voucher Scheme The Pre-primary Education Voucher Scheme (PEVS) provides fee subsidy for parents or legal guardians or registered custodians to meet towards school fees for pre-primary education of their children in the form of pre-primary education vouchers. Eligible children who attend nursery, lower or upper classes in eligible local non-profit-making kindergar tens or Kindergarten-cum-Child Care Centres may benefit from PEVS. The Scheme was launched in 2007 to promote the â€Å"3A's† of early childhood education (ECE): affordability, accessibility, and accountability. The PEVS has three unique features. The first one is discriminating against profit kindergartens and hence to discourage social alienation. The second feature is promoting teacher professional development to ensure quality of preschool education so that the gap of quality between profit kindergartens and non-profit kindergartens can be minimized. Children from poor families can still have a qualified and good education. The last feature is limiting parents’ choice to only non-profit schools. On one hand, it can promote freedom of choices; on the other hand, it can encourage social integration as children may get into the school they want regardless of wealth of the families. To conclude, the majority of the parents perceive positive impacts towards schemes launched by the government. Nevertheless, principals and teachers of kindergartens reported some implementation difficulties and more sufficient support are needed for parents. 4. 2Primary and Secondary Education The Government's policy objectives are to provide a balanced and diverse school education that meet the different need of our students and help them build up knowledge, values and skills for further studies and personal growth. 4. 2. 1Universal Basic Education Compulsory primary education was introduced in 1971; afterwards, 9-year free education was implemented in 1978 to fully subsidize both primary and junior secondary education. Starting from the 2008/09 school year, senior secondary education is provided free through public sector schools. In addition, with effect from the 2008/09 school year, the Government provides full subvention for full-time courses run by the Vocational Training Council for Secondary 3 leavers to offer an alternative free avenue for senior secondary students outside mainstream education. Advocating universal basic education can promote social integration as the poor can be able to receive education. Besides, it can equip students with ample knowledge and prepare them for entrance into the knowledge-based economy. Hence, it will be easier for the poor to climb up the social ladder, without basic knowledge they may need to work as low-skilled workers for the whole life. 4. 2. 2 School Entrance System In 1978, two systems were used to determine whether the students can get into the secondary school. Secondary School Entrance Examination is a selected mechanism by which students who scored higher would be selected for places given higher priority in their school choices. Feeder and Nominated System is a mechanism allowed feeder and nominated secondary schools to directly admit a certain proportion of their students from designated primary schools. Through the Secondary School Entrance Examination, social mobility can be promoted as children from poor families can still have a chance to get into the best school. Oppositely, the other scheme would minimize the effect of promoting social mobility. It is because wealthy families can send their children to prestigious primary schools and hence let them to go into the linked prestigious secondary school. Hence, it may bias towards wealthy people. 4. 2. 3 Secondary School Places Allocation System Secondary School Entrance Examination was later changed to Secondary School Places Allocation System. It is a mechanism to allocate secondary school places to primary school-leavers. The allocation mechanism is designed in such a way so that it would help reduce public examination pressure on Primary six students and restore a more balanced education in primary schools. In addition, due regard is given to parental choices and, through regionalization, the need for students to travel long distances to schools is minimized. Moreover, it helps to achieve a degree of mixed ability intake at Secondary one level. Therefore, social integration can be promoted in this way, nevertheless, it can never be promoted into full extent since well-off families can afford to move within the proximity of prestigious schools, for instance mid levels of Hong Kong Island, to get into those famous traditional schools. 4. 2. 4School Management Initiative Programme School Management Initiative Programme (SMI), introduced in 1991, provides participating schools with school planning/staff development days, approved collection of charges for specific purposes, and computer system for school administration. It aims to attain an effective school system. In the spirit of the SMI, it was proposed that the school funding system should be able to meet the basic needs of students to ensure fairness across the school sector, provide schools with greater flexibility in the effective use of resources in order to achieve individuality. However, the teachers complained about the heavy increase of work load and reported that the accountability framework failed to make any impact on the quality of teaching. The focus of our government should be the attitudinal and behavioral change in those directly involved in delivery of services instead of structural and administrative change. 4. 3Tertiary Education The government increased the number of degree places in late 1970s and 1980s. Today, 14,500 first-year first-degree places are provided to cater for about 18% of the 17 to 20 age group through the eight institutions funded by the University Grants Committee to further develop Hong Kong as a regional education hub. Moreover, our government has financial support to students who are in financial needs. By increasing the number of degree places, equity is promoted as students can have a higher chance to admit into tertiary education. Providing subsidization to students can ensure that no qualified students are denied access to higher and post-secondary education due to a lack of financial means. Besides, it can improve the standard of living as the rate of illiteracy is lowered and hence stimulate economy of the city due to the increase in competitiveness. However, demand of post-secondary education is progressively increasing, policies, which are being implemented, still cannot meet the social needs. 5. Conclusion Based on the review above on the social policies in Hong Kong, we can see that each social policy has its positive functions and dysfunctions. With regard to the three aspects in social policy, there is much room for improvement. But at least, our government is working hard to improve the conditions of our society and paying effort to meet social needs, promote social integration and discourage alienation.

Innovations in Financial Products Have Contributed to the Current Financial Crisis” a Discusses This Statement

â€Å"Innovations in financial products have contributed to the current financial crisis† A  discusses this statement. Introduction What is Financial Crisis? A financial crisis is when the value of a financial institutions or assets declines suddenly, where investors sell off assets or withdraw their money due to the fear that the value of the assets would drop. E. g. Of a financial crisis are: * Banking Panics * Stock market crashes * Bursting of financial bubbles * Currency crisis. (http://provimet. weebly. com/uploads/2/4/3/4/2434228/global_financial_crisis. df) What is Financial Innovations? Financial innovations are ongoing development of financial instruments designed to achieve a specific objectives, such as offsetting a risk exposure (i. e. default of a borrower) or to assist with obtaining financing. Financial innovation can either be product or process. Process are developments demonstrated by new means of distributing securities, processing transactions or pricing transactions, while product innovations embodied by new derivative contracts, new corporate securities or new form of pooled investment products.Examples that relate to the crisis include the adjustable rate mortgage . i. e. the packing of subprime mortgages into Mortgage Backed Securities (MBS) or Collateralized Debt Obligations (CDO) for sale to investors, a type of securitization and a form of credit insurance called Credit Default Swaps (CDS), Collateralized Mortgage Obligation (CMO) The use of these products extended radically in the years prime to the crisis. These products differ in complexity and the simplicity with which they can be valued on the books of financial institutions. http://www3. weforum. org/docs/WEF_FS_RethinkingFinancialInnovation_Report_2012. pdf)(http://www. scribd. com/doc/47101947/Financial-Crisis-of-2007-2010). The purpose of this assignment is to discuss how the innovations in the financial products contributed to the current financial crisis. In this paper I also examine what these financial innovations are and how they contribute to the current financial crisis. Some of these financial innovations I will look at are CDO’s, CDS, and MBS. Financial Innovation and the Financial CrisisThese are many factors played a part in the financial crisis and financial innovation was one of the factors but it did not only cause the financial crisis but to some degree it did contribute to the crisis due to it misuse and lack of information and the under pricing of the risk involve in some of the financial product. Collateralized Debt Obligations (CDO) Collateralized debt obligations are asset backed security that is package together in a different range of debt obligations or bank loans package into a financial security that is divided up into various tranches, each level having a different maturity and risk.The greater the risk, the more the CDO pays. The type of CDO tranches include; Equity, Junior, Mezzanine, and Senior tranche. The equity tranche been the riskiest level and while senior tranche is the safest of the CDO. The development of CDOs resulted in more liquidity in the economy. They permit banks to sell their debt, and freed up more capital to invest or loan. Due to the additional liquidity this eventual lead to an asset bubbles in the housing market and credits crisis. So how did the CDO play a role in the financial crisis?During the early part of the crisis CDO assets started to decrease in value due to the rise in subprime mortgage default. CDO products began to underperform, the opacity of the products with view to the character and quality of the assets that underlined their value; leading to the discouragement in the investors and also led to panic in market about exposed institutions and CDO underwriters. As a result, CDO had lets banks and other financial institutions to increase their leveraged bet on the housing market, increasing returns in the short run escalating the damage once suspicions were raised.Investors did not know the value of the CDOs they were investing into due to the complexity of the product. Synthetic CDO increase profits on the benefit as the housing boomed however, as doubts occurs; they were use as instrument investor’s utilize to creates a short position on the disadvantage of the housing market. CDOs where use to put money in the mortgage market therefore persuading investors into thinking they were investing in a safe instruments that were establish on low quality assets. The value of CDOs helped in creating the damage of the financial crisis.MBS create a void among the originator of mortgage risk and the ultimate holder of that risk, this void was considerably broad by CDOs. On the other hand Synthetic CDOs broke the link completely and permit investors to make an unrestricted number of bets on a key risk they did not understand. The complexity of the CDO and synthetic CDO structures was a problem. The cloudiness of the products made it hard to estimate the value thereby discouraged investors from fully understanding the risk that come with CDO investments. (Class Note by Joe Naughton), (http://www3. eforum. org/docs/WEF_FS_RethinkingFinancialInnovation_Report_2012. pdf) . Credit Default Swaps (CDS) A Credit Default Swaps is a credit derivative and a form of insurance policy on a bond or a loan. The protection buyer buys protection and makes regular payments just like an insurance premium, while the protection seller sells protection and takes the premium but agree to pay off the protection buyer in the event of a default . i. e. the CDS purchaser pays a fee in order to transfer the risk of a default to the CDS seller.A CDS contract can last for a number of years and obliges that the seller of the protection offer collateral to make sure that the buyer will be paid if the seller where to default. CDS offers numerous advantages to individual participants that use them to hedge risk during the financial crisis and fo llowing economic downturn. Credit default swaps play a significant role in the financial crisis by contributing to the CDO market and its difficulties. CDS permit CDO mangers to make hybrid and synthetic CDOs at a huge pace.CDS allows hedge funds to perform complex hedging and linkage that enable the purchase of junior and equity tranche. The CDS market lets investors and institutions to transfer risk, from the CDO market and elsewhere, to CDS issuers that were not in a position to assume the risk. One of the role CDS played in the financial crisis was that it was able to transfer credit risk through CDS which make it hard to estimate the riskiness of a specific intermediaries. One of the issues also was that bank were able to buys and sells CDS that was not show in their balance sheet.This lack of disclosure makes it much more problematic for a bank counterparties to tell how risky it is. The lack of transparency in the CDS market made the financial system exposed to a shock that t hreatens trust in counterparties. CDS sellers became more exposed to a collapse by several sellers; this is due to the fact that a great number of CDS were trade over the counter (OTC), instead of in an exchange. And in an OTC market it is impossible for a seller to know what several buyers are doing with others.An example is AIG was a victim of the CDS market because the firm misinterpret the risks of the CDS market and sold an excessive amount of credit protection through CDSs deprived not having an enough capital in a loss reserve. (Class Note by Joe Naughton) (http://www3. weforum. org/docs/WEF_FS_RethinkingFinancialInnovation_Report_2012. pdf) (http://www. mhhe. com/economics/cecchetti/Cecchetti2_Ch09_CDS. pdf) Mortgage Backed Security (MBS) Mortgage Backed Security is an asset backed security or a debt obligation by a mortgage or collection of mortgages loans.They are bundle together into pools and sold as a single security. This is known as securitization. .i. e. banks lend m oney to an individual to buy a house in return the bank will collects monthly payment on the loan. The loan is then sold to a bigger bank that packages the loan together into a mortgage backed security. The bank then issues shares of this security, called tranches to investors who buy then and ultimately collect the dividends in the form of a monthly mortgage payment. These tranches can be further repackaged as other securities, called collateralized debt obligations (CDO) and then sold.Mortgage backed security played a major role in the financial crisis of 2008, due to the increasing demand for MBS from investors eventually played a part in the financial market meltdown. The demand for MBS increased on mortgages of all risk, including subprime, which lead lenders to move towards the â€Å"Originate to distribute† business model, with the explicit intention of securitizing and selling the mortgages after completing them. The MBS tranches rating by the rating agencies led to b elieve that risks were understood and the investment were safe.If the MBS had not been given investment grade ratings then the degree of the financial crisis would have been significantly less. The criterion on the MBS was relax making it easy to participate, therefore the market began endorsing different types of mortgages with a more risky kind that amplified the risk of a default to MBS investors. The MBS market was not regulated which also allowed financial institutions other bank to participate in the mortgage business. Mortgage backed security have weakness that was not accurately controlled in the run up to the crisis.Originate to distribute model spark off a behavioural changes in the market, from consumers to investment banks, that were not expected but that could have been monitored and managed by the industry and its regulators. (http://www3. weforum. org/docs/WEF_FS_RethinkingFinancialInnovation_Report_2012. pdf) (http://money. howstuffworks. com/mortgage-backed-security . htm) Financial innovation can not be held solely accountable for the financial crisis but it did contribute a great deal to the crisis and to the extent of the damage.The risk associated with financial innovation was not properly calculated, inturn in more credit default to occur. Financial innovation has benefits to the economy but due to the current financial crisis financial innovation has receive a lot of negative view as a result of the misused and badly managed of the products and also due to the fact that they were insufficiently thought out and the misapplication of the innovations that might have a positive impact on the economy. But collateralized debt obligations and credit default swaps have done a lot of damage than good.Bibliography Bruno G, 2012. Rethinking Financial Innovation (online). Available from: http://www3. weforum. org/docs/WEF_FS_RethinkingFinancialInnovation_Report_2012. pdf . (20 November 2012). (Online) Available from: http://www. mhhe. com/economics/c ecchetti/Cecchetti2_Ch09_CDS. pdf. (20 November 2012). (Online) Available from: http://www. scribd. com/doc/47101947/Financial-Crisis-of-2007-2010 (12 November 2012) (Online) Available from: http://provimet. weebly. com/uploads/2/4/3/4/2434228/global_financial_crisis. pdf (12 November 2012).

Bioethics euthanasia Essay Example

Bioethics euthanasia Essay Example Bioethics euthanasia Paper Bioethics euthanasia Paper Another concern that arises in permitting euthanasia is the incompatibility of the physicians fundamental moral and professional commitment to heal people and to protect their life (Pence, 1998, p. 56). Common euthanasia practice by physicians would also lead to distrust between patient and physician, because patients would have to fear that a treatment was intended to kill them not to cure. The control of high health care costs lead to a pressured budget, which could use euthanasia as an alternative option to sufficient treatment and care (Keown, 1996). However, surveys showed that many people from different societies all over the world would welcome the legalisation of active voluntary euthanasia. A survey in Australia showed that ca. three quarters of Australians would welcome voluntary euthanasia and that people from a church background had more supporters for euthanasia than opponents (South Australian Voluntary Euthanasia Society, 2004). There are as many reasons to legalise euthanasia as there are for keeping it prohibited. Mercy is one of the strongest arguments for euthanasia. A person should be allowed to be released from suffering and pain if there is no hope for cure but only death. Another good consequence of legalising euthanasia would be the possibility to respect personal autonomy and self-determination of patients that request euthanasia (Kerridge, Lowe and McPhee, 1998). The right to die with dignity is a major argument for euthanasia. Many people are afraid of their last days, and this does not count for only terminally ill people but also for every other person. For example, people are frightened of becoming old and loosing their continence or not being able to feed themselves. These facts do not need to arise from a terminal illness; a healthy old person can loose those abilities as well. For some people, this would be a loss of dignity and they may choose to be euthanased (Pence, 1998). Other people may want their families to remember them as they were in the good days. As the reader discovered, there are many pros and contras related to euthanasia. Community viewpoints can differ greatly, depending on the beliefs of the community members. In Australia, major groups of opponents are Aboriginals and Torres Strait Islanders. Their religious beliefs and concerns about discrimination and distrust in medical care play a key role in rejecting euthanasia (Kerridge, Lowe and McPhee, 1998). Many disabled people are against the legalisation of euthanasia. This could have its roots in former Nazi Germany, where thousands of disabled people were involuntary euthanased because they were considered not worth living (Keown, 1996). However, the majority of a liberal community would welcome the legalisation of active voluntary euthanasia, because personal autonomy and self-determination are of great importance for these groups. In a community, where paternalism rules, people would do what they expected to do and what is good. Those communities are mainly strong religious or traditional groups (Charlesworth, 1993). The fact is that active voluntary euthanasia is illegal in Australia, though the Northern Territory legalised it under The Rights for the Terminally Ill Act 1995 and was the first jurisdiction worldwide. However, the Act was revoked by the federal parliament in march 1997. The only countries that legally provide euthanasia today are the Netherlands and Belgium (Australian Voluntary Euthanasia Society, 2004). At the very beginning of this essay, the reader was introduced to passive voluntary euthanasia, another form of bringing about death, although it is different from the legal and ethical view. Passive voluntary euthanasia refers to withholding or withdrawing life-sustaining treatment, which leads to a hastened death of the patient at his or her request. The patient with a terminal illness is allowed to die. As discussed earlier, this form of euthanasia is seen by many people as morally tolerable. Australian Law tolerates passive voluntary euthanasia under certain circumstances (Kerridge, Lowe and McPhee, 1998). A common-law right exists that enables all patients of legal capacity to refuse medical treatment and therefore gives the ability of requesting withholds or withdrawals of life-sustaining treatment that can hasten death. Certain criteria must be met to participate in such an act. The Northern Territories Natural Death Act 1988 is such a law, where terminally ill patients that meet the requirements of the act, can refuse treatment and therefore the prolongation of their life (Staunton and Chiarella, 2003). The patient that meets all the criteria has full personal autonomy and no one can interfere in his or her decision. Surveys all over the world showed that many people, including health professionals, think positively of euthanasia and they would like to see changes in the government legislature that legalise euthanasia (Australian Voluntary Euthanasia Society, 2004). This result leads to an emerging ethical role of the nurse. More and more patients are aware of the meanings of euthanasia and that there are other ways to achieve death, such as double effect (Kerridge, Lowe and McPhee, 1998). The nurse will be more and more involved in the decision-making and has to make moral decisions herself. A nurse needs to remember that, even if a patient is very sick and in severe pain without hope of cure, begging to die, there is nothing she can do, but reassure him or her and to give comfort. It is also important for a nurse to act as outlined in the four major ethical principles, which are autonomy, non-maleficence, beneficence and justice. Non-maleficence emphasizes the principle of above all, do no harm. This has to be considered and remembered when terminally ill patients beg for mercy. Beneficence refers to above all, do good (Staunton and Chiarella, 2003). This principle can be controversial, especially in relation to a terminally ill patient. Nurses from a particular cultural background could experience great difficulties in allowing a patient to die and withholding treatment, because their beliefs are against death. Furthermore, personal relationships, thoughts and certain attitudes can play an important role in moral decision-making for the nurse. However, The Australian Nursing Councils Code of ethics includes the four ethical principles and a nurse should act in moral decision-making under this code (Staunton and Chiarella, 2003). Issues of euthanasia are very controversial and confusing. Hopefully the reader was able to penetrate the fog of confusion and gain some understanding of the issues accompanying euthanasia. The rights of the patients and autonomy in a liberal society have been outlined and need to be considered frequently, because of their enormous importance in professional health care. Pros and contras have also been discussed. However, every person is unique and has their own value of life; therefore, every person might think differently about the issues related to euthanasia. The ability to think differently is another form of autonomy that one can exercise in a liberal society like Australia. Bibliography: Charlsworth, M. (1993) Autonomy and the liberal ideal: Bioethics in a liberal society, Cambridge University Press, Melbourne Hawley, R. , King, J. Weller, B. F. (2003) Australian NursesDictionary, 3rd edn. Bailliere Tindall, Sydney Keown, J. (1996) Euthanasia Examined, Cambridge University Press, Great Britain Kerridge, I, Lowe, M McPhee, J. (1998) Euthanasia: Ethics and law for health professions, Social Science Press, Australia Pence, G. E. (1998) Classic works in medical ethics, McGraw Hill, Boston. British Medical Association (1993) Medical Ethics today: Its practice and philosophy, British Medical Association, Plymouth South Australian Voluntary Euthanasia Society (2004) saves. asn. au/ (Online, accessed 20. 05. 2004) Staunton P. Chiarella, M. (2003) Nursing and the Law, 5th edn. Churchill Livingston, Sydney The Hon. Prime Minister Mr John Howard (1997) Sir Robert Menzies Memorial lecture: Australia in the world, University of London http://home. vicnet. net. au/~victorp/liberals/nsw/Howard. html (Online, accessed 23. 05. 2004) Claudia Zschernack s127283 9/05/2007 NUR 111 Health and Health Professions Bioethics 1.

Free Essays on Traditional Literature Vs. Popular Culture

Traditional Literature vs. Popular Culture In the vision of an outsider looking into an average high school English lesson in today’s society what would they see? Many students from high school dread the required English classes in college. It is thought the reason for this is because the useless literature they were forced to read in high school, or because they were drilled with TAAS trivia rather than reading the needed literature for mental growth. This is why students pick popular horror and romance novels over well written literature. The classic stories so many authors have been recognized for are by far not useless works of art. Authors such as William Shakespeare, F. Scott Fitzgerald, and Mark Twain should not be disregarded, but rather encouraged upon students. Granted, Shakespeare may not have much to do with someone’s future, but if a student does not open him or herself up to new reading material, they may never know if they will actually enjoy reading them and want to become an English teacher or professor. How often does a student hear a teacher ramble on about how great Herman Melville could depict such minuscule details of the mindless sea? These authors are models to be looked up to, not to be put down like yesterdays newspaper. Popular culture only pleases the masses by following the trend of society, it has no true basis. Most popular fiction writers come and go with the times and have no vast success. Typically, writers of this genre stick to an outlined plot, only changing the characters names. This plot is usually centered on a murder, money, and a woman. .John D. McDonald has written is an example of one of these writers. Although most popular fiction writers don’t posses the talent to produce a second book; there are writers out there who have mastered the talent of popular fiction, such as Stephen King, George Lucas, and H.G. Wells, others only hope to grasp the reigns of their fifteen ... Free Essays on Traditional Literature Vs. Popular Culture Free Essays on Traditional Literature Vs. Popular Culture Traditional Literature vs. Popular Culture In the vision of an outsider looking into an average high school English lesson in today’s society what would they see? Many students from high school dread the required English classes in college. It is thought the reason for this is because the useless literature they were forced to read in high school, or because they were drilled with TAAS trivia rather than reading the needed literature for mental growth. This is why students pick popular horror and romance novels over well written literature. The classic stories so many authors have been recognized for are by far not useless works of art. Authors such as William Shakespeare, F. Scott Fitzgerald, and Mark Twain should not be disregarded, but rather encouraged upon students. Granted, Shakespeare may not have much to do with someone’s future, but if a student does not open him or herself up to new reading material, they may never know if they will actually enjoy reading them and want to become an English teacher or professor. How often does a student hear a teacher ramble on about how great Herman Melville could depict such minuscule details of the mindless sea? These authors are models to be looked up to, not to be put down like yesterdays newspaper. Popular culture only pleases the masses by following the trend of society, it has no true basis. Most popular fiction writers come and go with the times and have no vast success. Typically, writers of this genre stick to an outlined plot, only changing the characters names. This plot is usually centered on a murder, money, and a woman. .John D. McDonald has written is an example of one of these writers. Although most popular fiction writers don’t posses the talent to produce a second book; there are writers out there who have mastered the talent of popular fiction, such as Stephen King, George Lucas, and H.G. Wells, others only hope to grasp the reigns of their fifteen ...

Manage your boss’s emails and phone calls like a pro

Manage your boss’s emails and phone calls like a pro As an assistant, you will often be asked to manage your boss’s correspondence, including emails. This can often be a tricky task, particularly because its hard to know the correct tone to strike. Should you write in your voice? In his or hers? What if your boss just leaves it up to you?Representing someone else is a huge responsibility, but one you can weather with dignity and poise. Here are a few things to keep in mind to make sure you don’t lose the privilege or fumble the ball.Keep it confidential.It should go without saying that whatever you read in your boss’s email isn’t meant to be repeated- to anyone. Don’t discuss personal items you might come across with anyone, least of all your boss (unless he brings something up). And don’t blab about professional developments within your company to your colleagues either- not even to warn them of impending changes.When in doubt, ask.Don’t just accept the email task as yours, silently and resolutely. Ask questions. What is it she wants you to accomplish? Are you authorized to unsubscribe her from unnecessary mailing lists? Are you monitoring so she doesn’t have to weed through everything, or are you actually in charge of triaging, organizing, and (eep) responding. And, if so, how would she like you to do that- as yourself (Sincerely, Your Name, Personal Assistant to Her Name) or as your boss? The more you know going in and the more you two are on the same page, the fewer misunderstandings will crop up.Read them, and take notes.Even if some of this stuff might be over your head, the more you know, the more you can help. Make sure to read carefully and have a sense at any given time of who’s asking for what and which things need to happen first. Make sure to note impending deadlines, appointments, timely actions, etc., and flag them immediately. Make note of these in your own calendar, as well as in your boss’s. That way you can send reminders.Sta y professional.When discussing the content of these emails with your boss or when responding to them yourself, make sure to act the part. Be every bit as professional and polished as your boss is. Remember, you are acting on his behalf.Come up with a system.If you’re given the leeway, try to come up with a system that will work for both of you. For example, you can file everything non-essential into folders like Junk, Personal, and News. Then everything else is work stuff and you can both focus on that. Come up with a flagging system- using different colors or labels- so you can communicate to each other what needs to be done first. Keep it sensible and simple.Check twice.Make sure to bookend your workday by checking emails first thing and then going through for anything urgent at the end of the day. Making sure you do a thorough check in the morning and the evening means that whatever system you came up with for organizing will keep functioning smoothly, rather than falling apart overnight.Stay cool.Don’t bother your boss with a question every time you aren’t sure what to do with a given email- even at the beginning. Try instead to keep a running list of questions you want to ask and save them for the end of the day. In a few days, you’ll find you have far fewer questions.Don’t forget to do your own work.Don’t let your boss’s emails swallow your whole work day, eclipse your projects, or make you neglect your own inbox. Develop a system that works for you so that you can balance both of your correspondences. This will make the arrangement more stable and sustainable for both of you.

Politics Aquinas Essay Example | Topics and Well Written Essays - 1000 words

Politics Aquinas - Essay Example However, despite influences on Aquinas from the political climate of that time, we can perhaps find out the essence of his view on the mentioned problem that still would be relevant for our todays situation. Thomas Aquinas lived at a pivotal period for the Western philosophy when the return of the Aristotelianism combined with scholasticism to reignite debates about the correlation between reason and faith. Aquinas became fully acquainted with this school of philosophy after he joined the Dominican Order and for several years studied with Albertus Magnus (1193-1280), a scholastic philosopher who worked on restating of the Aristotelian heritage. This acquaintance of Aquinas is considered to be the most significant influence on his world view, which turned him into an erudite scholar devoted to the Aristotelian method (McInerny, 1992, p. 16). In general, Scholastics of that time promoted empiricism and voiced support for policies and doctrines of the Roman Catholic Church. They stood in opposition to Christian mysticism as well as to concepts of dualism of mind and of the evil nature of the world promoted earlier by Plato and St. Augustine (McGrade, 2003, pp. 33-34). What interests us in relation to the problem that we have raised is Aquinas' theory of natural law. To better understand this theory, it must be pointed out that Aquinas views philosophy as a general term which relates to a set of sciences. To diverse philosophical fields Aquinas ascribes the following due order for their study: logic, mathematics, natural philosophy, moral philosophy, and metaphysics, which is the apex of philosophical study. Aquinas' theory of natural law concerns moral philosophy, for which the notion of the human good is central. Aquinas sees a difference between acts of a man and human acts, as the former acts can be also seen in non-human agents, while human acts stem from knowledge and will and always aim at a known good. But Aquinas points out that as a certain good is not the same as the goodness itself, then what holds together all the human actions is what he terms as the overarching goodness which is the ultimate end. Therefore, any human action is direct ed towards the ultimate end (Lisska, 1998, pp. 132-133). Now that we have uncovered the basic ground of the morality for Aquinas, we can better understand his views towards what he called the natural law. In fact, what forms the essence of the natural law moral theory is the view that morality stems from the nature of the world and of the human beings. For Aquinas, main morality-generating principle of human nature is its rationality, for instance manifested in human pursuit of a certain good, which underlies any moral law. Therefore, as humans are born rational, it is morally right to behave in correspondence with our rational nature. In this way Aquinas connects moral laws with the human nature and this connection forms the basis of the "natural law", that

The Movie Rental Industry of the Future Assignment - 10

The Movie Rental Industry of the Future - Assignment Example It is highly likely that customers will pay per minute for streaming. As a result, it should invest in its streaming services and an online platform (Chapter 3 55). However, it should consider developing features that allow users to view the movies offline. For example, there can be an option for users to download content from the site. Furthermore, industries are being disrupted at an overwhelming pace. As a result, they cannot afford to stick to the present strategy. Instead, it should develop a strategy that is responsive to changes in the market. Â  In order for Netflix to achieve more growth and prosperity in the movie rental industry, it needs to change tack on some things. In addition, it also needs to adopt some new strategies so as to prepare itself for the movie rental industry of the future. Firstly, the organization needs to stop relying on established entertainment houses for content. It should focus on creating its own original content. Although the initial cost of investment will be high, the long-term rewards will be phenomenal. In addition, it will enable it to reduce its operating costs by eliminating the licensing fees paid (Chapter 3 151) Â  Secondly, the organization needs to expand into China, Nigeria, India, and South Africa. The four countries have an established entertainment industry that would be glad to partner with an organization that gives them a platform to reach more consumers. Thirdly, the organization needs to come up with an appropriate pricing plan that enables them to make a profit on their investment but also makes it possible for the price-conscious consumer to buy their service. In addition, it needs to establish different packages for consumers. Â  

Korean American Media Essay Example | Topics and Well Written Essays - 750 words

Korean American Media - Essay Example That was the reaction that went viral when word spread about the making of K-Town in Los Angeles’ Korea town. Even the Korean American greybeards were afraid that this show would make them look bad.K Town’s executive producer, Mike Le, was amazed at how fast the rumor went before they produced anything. This excitement and media coverage illustrate the thrill felt by the world feels, as if they were not expecting such a show to be released. This gave the production crew the much-needed morale to provide quality production, as they enjoyed media coverage before the show’s release. Magazines like the New York Times, Los Angeles Times, and New York Post. Even SNL and Chelsea Lately covered the story of KTown’s release (Yang, 2012). Soon, Hollywood also got wind of this upcoming reality show, and two prestigious networks were battling over airing of the show. However, things did not work out from there on. This was until LOUD’s newly launched YouTube ch annel aired no holds barred online edition of KTown. The show was described as buzz worthy and high impact. From the cast and character development in K Town, it is evident that its production is aimed at challenging some of the existing stereotypes of Korean Americans. ... This leads to a series of vengeance, betrayal, and romance. This depiction contradicts the model minority stereotype. This is according to an article by Yang Jeff, ‘Tough Times for Tiger Mom as Asian America Meets Jersey Shore’ that was posted in Speakeasy on July 17, 2012.K Town portrays Korean Americans as partygoers, with theimmense preference to the nightlife of Korea town. In this show, both men and women party together and the men are portrayed asflirtatious and fighters.This is contrary to the known stereotype that Korean Americans are conservatives and with good morals. They do not publically display affection like kissing, and they are faithful, sticking to one partner. Furthermore, Korean American women have always been assumedconservative as opposed to outgoing. Their women do not indulge in public drinking, let alone with men. However, K Town’s Scarlet and Jowe both go out, and get seriously drunk after which Jowe starts flirting with other girls. Anot her stereotype is that Koreans mind about their perception and image they portray to the world. Because of this, the show was met by some criticism since the Korean community was afraid of negative depiction of their culture to the world (Wang, 2012). And indeed, the show portrayed the side of Korea’ nightlife that they are not comfortable with exposing to the world. As such, K Town was described as an Asian version of America’s Jersey show. It should be noted that these criticisms do not imply that such occurrences do not happen in Korea. Far from it, they do happen but most Korean K Town critics object because of public exposure. This is according to another article titled ‘The Altered Reality of K

Assess the Current Status of Primary Healthcare in the Socialist Essay

Assess the Current Status of Primary Healthcare in the Socialist Marketplace - Essay Example (IBM, 2006) But healthcare for the population at large has lagged behind other markers of success. During the first few decades of the current Chinese regime the resources of the local principality had much to do with access to resources. In rural areas, regional organization at the local level attempted to meet the medical needs of those in the district. In urban areas, the work unit was the most important unit of local governance in terms of health-care access. THE RURAL SYSTEM With the end of the pure socialism of communal living, and the financial erosion of the work-unit system in urban areas, it is more standard for individual inequalities to be the determining factor for healthcare access.(Duckett, 2007) Low-income individuals without health-insurance may be able to cover a few minor medical incidents, but income inequities are likely to bring on financial insolvency, even when patients are able to pay. Where these financial inequities persist in a market with little viable in surance; the legitimate need for healthcare then becomes one more cause of poverty. (Mackintosh 2001: 175). Though efforts are underway to re-establish a cooperative system of health financing. By the late 1970s, The medical system in China was wedded to the over-arching government bureaucracy. Health services were just one more facet of the apparatus of administration and social control in a command economy. A World Bank study has observed that by 1975 ‘almost all the urban population and 85 per cent of the rural’ had a form of insurance that was at least able to provide the most basic of medical services, as well as cost-effective preventives, and sometimes curative treatments. This also entailed financial risks that to some extent, the population shared, in addition to the benefits in life expectancy. (World Bank 1997: 2), (World Bank 1992). In Rural regions the 1960's and 70's saw many of these benefits in the form of vaccines and contraceptives; under the auspices of local control based upon the older system of rural communities funding the majority of their own health services. (Huang 1988; Kan 1990:42). Under the older system, rural areas typically had a three-tiered system of regional organization was responsible for the administration of health-services. There were hospitals at the county level, Health centers for communes that could provide referral services and the supervision of preventative treatments; and the communes. Individual village/communes had health stations staffed by rural practitioners sometimes known as ‘barefoot doctors’ (Bloom & Gu 1997). These local-level commune health centers would report to the district commune-management communist party committee. The next step above them in medical matters was the county-level general hospital, for a higher level of technological support and supervision. But all of these institutions were under the auspices of a county health bureau, for the purpose of administration, rather than actual treatment. The intent was to bring new dimensions of health-care to rural areas previously bereft of them in years before. Attempts where made in the late 60's and 70's, what might be termed the late Mao era, to introduce an apparatus of collective funding, similar to health insurance programs to better assist the rural health-system for most villages. And for

Youth and gambling problem Essay Example | Topics and Well Written Essays - 1250 words

Youth and gambling problem - Essay Example The third group involves individuals with some kind of neurological or Neuro-chemical dysfunction. This group is highly vulnerable to problem gambling due to impulsivity and attention deficits (Blaszczynski 2000). Such importance and high emphasize on problem gambling lead to the discussion of impacts that these gambling patterns have on the youth which is the major part of our society and upcoming future. The gambling behaviors in youngsters are closely related to their exposure to gambling in their childhood. They start gambling as an adoption of behaviors they experienced in childhood and if they win in the start their greed to win more empowers them to continue gambling. In the losing phase, they are more likely to win back what they had lost earlier. This urge and empowerment leads to desperation and motivation to bring more money with legal or illegal activities and stay in the game. Such desperation mostly resulted in illegal activities like cheating, stealing, robbing, nonpay ment of debts and so on (Hales 2006, pp. 305-307; National Research Council (US) 1999, pp. 169-171). Effects of Problem Gambling on Youth: Health effects: The younger generation is often exposed to other dangers when they involve in gambling within casinos, gaming zones and other areas covered by private owners. The addiction of gambling alone brings psychological disorders, attention deficits, depression, violent behaviors and aggression. In addition to these threats to psychological and physical well being of younger generation, alcohol, cocaine, heroin, tobacco and other addictives available in the play premises also affect their habits and behaviors towards the addictive things.... The increasingly easier opportunities for gaming and wagering available to clubs, hotels, casinos, gaming zones and increased games of chance like X-Lotto, scratch-tickets, sports betting, internet gambling, Bingo etc. in such places exposes gambling to the younger generation more prominently than ever. Advancements in technology resulted in some easier modes of accessibility to gambling. Internet and mobiles are the best sources of easily available components to youth for card games gambling, betting and so on. The increasing use of electronic gaming machines (EGM) in such places help the owners to attract more youngsters and involve them in gambling easily. The impacts of gaming and wagering due to the high exposure of electronic gambling to the youth has been a point of debate among the researchers in legislative, social, economic and cultural fields. Sports bars and ‘events based wagering’ are two important areas of discussion for their impacts on the youth as these are specifically aimed to target younger population. We can say that problem gambling cannot be described simply as a social behavior as generic, neurological, psychological and biological effects are also involved in describing the problem gambling behaviors. The negative impacts discussed are important to be addressed and restricted. Problem gambling may influence a child’s social, personal, economic, financial and educational life negatively. Hence, awareness and restrictions on gambling for children and younger population is necessary. The role of parents, elder siblings and teachers cannot be ignored in this regard as youngsters tend to adopt behaviors which they observe in their loved ones.

Assess the Current Status of Primary Healthcare in the Socialist Essay

Assess the Current Status of Primary Healthcare in the Socialist Marketplace - Essay Example (IBM, 2006) But healthcare for the population at large has lagged behind other markers of success. During the first few decades of the current Chinese regime the resources of the local principality had much to do with access to resources. In rural areas, regional organization at the local level attempted to meet the medical needs of those in the district. In urban areas, the work unit was the most important unit of local governance in terms of health-care access. THE RURAL SYSTEM With the end of the pure socialism of communal living, and the financial erosion of the work-unit system in urban areas, it is more standard for individual inequalities to be the determining factor for healthcare access.(Duckett, 2007) Low-income individuals without health-insurance may be able to cover a few minor medical incidents, but income inequities are likely to bring on financial insolvency, even when patients are able to pay. Where these financial inequities persist in a market with little viable in surance; the legitimate need for healthcare then becomes one more cause of poverty. (Mackintosh 2001: 175). Though efforts are underway to re-establish a cooperative system of health financing. By the late 1970s, The medical system in China was wedded to the over-arching government bureaucracy. Health services were just one more facet of the apparatus of administration and social control in a command economy. A World Bank study has observed that by 1975 ‘almost all the urban population and 85 per cent of the rural’ had a form of insurance that was at least able to provide the most basic of medical services, as well as cost-effective preventives, and sometimes curative treatments. This also entailed financial risks that to some extent, the population shared, in addition to the benefits in life expectancy. (World Bank 1997: 2), (World Bank 1992). In Rural regions the 1960's and 70's saw many of these benefits in the form of vaccines and contraceptives; under the auspices of local control based upon the older system of rural communities funding the majority of their own health services. (Huang 1988; Kan 1990:42). Under the older system, rural areas typically had a three-tiered system of regional organization was responsible for the administration of health-services. There were hospitals at the county level, Health centers for communes that could provide referral services and the supervision of preventative treatments; and the communes. Individual village/communes had health stations staffed by rural practitioners sometimes known as ‘barefoot doctors’ (Bloom & Gu 1997). These local-level commune health centers would report to the district commune-management communist party committee. The next step above them in medical matters was the county-level general hospital, for a higher level of technological support and supervision. But all of these institutions were under the auspices of a county health bureau, for the purpose of administration, rather than actual treatment. The intent was to bring new dimensions of health-care to rural areas previously bereft of them in years before. Attempts where made in the late 60's and 70's, what might be termed the late Mao era, to introduce an apparatus of collective funding, similar to health insurance programs to better assist the rural health-system for most villages. And for

Decision making process in business Essay Example | Topics and Well Written Essays - 2000 words

Decision making process in business - Essay Example In well known case Donogue VS Stevenson * the Court decided that the manufacturer is liable for the act done because everybody owes a duty of reasonable care to their neighbour.In this case Mrs. Donogue made a valid claim that her continuous illness is due to the consumption of drink in which the decomposed snail was found and it was due to the negligence of manufacturer Mr. Stevenson. Now let's discuss how the above said principles are applicable to the given cases and also we'll advise the parties to the case that how can they resort to these principles to get the benefit of the Law. Since the maintaining the activities of the park in a proper manner are the first and foremost duty of the local council as the maintainer of the park, it owes some duty towards others. The local council must take reasonable standard of care regarding the activities of the park so that it should not cause any harm to the passersby. In the famous case Boulton VS Stone** it was held that defendant should take reasonable care to avoid injuries. here also. ... ue the local council as the defendant for the negligence in the light of above principles and she is entitled to get compensation from the local council. ------------------------------------------------------------------------------------------------- *Donogue VS Stevenson 1932 ,A.C 532 1932 S.C 3 ** Boulton VS Stone2Miss. Marple's case The principles regarding the negligence discussed above are applicable here also. The gardner had to take reasonable care in arranging the flower pot in the right side of the path so that harm to the others should be avoided .Here it is obvious that the gardner has done the breach of duty by arranging the pots in the wrong side, hence Mrs.Marple can file a case against the gardner as defendant and entitled to get compensation from him for the injury caused to her.Mrs.Turtle's CaseIt is apparent from above discussions that Mrs. Turtle can sue the Local council and the doctor as defendants and they are liable to pay off the damages. As said before the local council had to exercise due cares regarding the maintenance of those play amenities in the park as same way in the activities of the park. Mrs. Turtle can sue the doctor as there was a breach of duty on the part of doctor. If he attended Gemma in appropriate manner, Gemma would be alright. The doctor could do some other arrangements to get X-ray done .Instead of this, he just asked the nurse to bandage Gemma's injured ankle and consequently she had permanent limb.From above it is clear that a person is liable to

Grassroots Computing Essay Example for Free

Grassroots Computing Essay The article â€Å"Changing the corporate IT development model: Tapping the power of Grassroots† defines that the IT world in the 21st century corporate world is evolving. No longer are there programmers and users. Many times the users become ad hoc programmers. In some corporate structures the lines between the two worlds are disappearing. The plus side to this ad hoc programming is the ability for the end user to develop the tool needed to accomplish the task at hand. Many of the programs available to the business communities are generic in nature and the business will adapt to the program available. In some companies the grassroots computing types are adapting or improving the programming to meet the needs of the organization. The negative side to the grassroots computing model growing in the corporate world is the barriers and silos often built around the IT environment. These barriers need to be taken down for the full growth of the computer industry to be realized for all users and developers. The current license agreements around programing usage and modification will have to be adapted to the changes taking place in the enterprise. The article specifically identifies that the IT genre must – in addition to other needed steps â€Å"Actively cultivate an entrepreneurial atmosphere and Provide tools and services to enable workers to automate their own work environments. † (Cherbakov Et Al). With this changing idealism around IT and end user – corporate policy and culture needs to also evolve. The organization that will realize the full potential of the programing resources available – not only in the IT department – but across all boundaries in the organization – will establish a culture that will bring down established silos. There still needs to be licensing agreements and non disclosure agreements in place for proprietary rights. These licenses and agreements should not be drawn up in a way to quell the entrepreneurial spirit needed in any growing organization. Each member of the entire team needs to be able to contribute to realization of organizational objectives. Not seeking to be detrimental in any skill set in the organization – but creating a team culture that opens doors for the IT professionals and the professionals on the floor who use the IT tools. Bibliography Cherbakov Et Al. (2007). Changing the corporate IT development model: Tapping the power of grassroots computing. IBM Systems Journal, 46(4), 1-20.

Deviance in sport

Deviance in sport Deviance in Sport I would prefer even to fail with honor than to win by cheating. Sophocles. Could you find people who think like Sophocles nowadays? Ancient Greek said about global problem that have covered whole life branches now and even gained the sport. Unfortunately people ready to do everything to win and often this everything means deviance. Recent incidents well show that even sport stars make unfair actions to reach their aims. Whoever would have thought that Thierry Henry, popular footballer, will cheat to qualify into the summers World Cup or Formula-1 Renault team driver Nelson Piquet Jr will make crash to help his team-mate wins. Two very different kinds of sport but linked with one serious theme deviance. Cheating it isnt simple rules violation, it is ethics failure, when sportsmen put themselves above other people, make unfair advantage. And its doesnt matter how they made it, its more important why people do that, why they decide to take cheating way. Generally they want to be the best, to get rewards, money and popularity. Cheating is a big issue and actual nowadays. Firstly, because its an unfair game that is an infringement. Secondly, it makes competitions senseless, because it breaks the general sense of competition, wins not the strongest sportsman but cheater. Thirdly, it covers all world countries and even involves politicians, how it recently happened with football match between France and Ireland. About this incident people discus every day and Thierry Henry became public enemy. Henry could have been a hero. But hes a cheat. Richard Williams. It was last match minutes and France was losing 0-1 when Thierry Henry had an excellent chance to make the perfect goal cross to his team-mate and he done it. Whole should be well, but Henry stopped the ball with his hand that is unacceptable in football. Referee didnt see it and France has qualified into next year World Cup final. Of course, lot of people think that Henry is a hero because he has saved national team, but how? He cheated! However, some people believe that is wasnt intention action, but simple reflex. Nevertheless he touched the ball twice. Why he did it and why FIFA on the France side in this problem? To answer this questions lets make little research. France national team twelve times was participated in World Cup final and once won it in 1998, two times was UEFA EURO champion (1984,2000), lot of other rewards and now is taking 7th place in FIFAs World Ranking. What about Ireland? Only three times participated in World Cup final without successful results and now is taking 36th place in FIFA ranking. Now it becomes clear that France has greater influence and authority than modest Ireland. Result above face cheating, replaying decline, France into World Cup. However Thierry Henry apologised for his handball even said: Of course the fairest solution would be to replay the game but it is not in my control. There is little more I can do apart from admit that the ball had contact with my hand leading up to our equalising goal and I feel very sorry for the Irish. I have said at the time and I will say again that, yes, I handled the ball. But this apologises will not help him now and we will see fans abusing soon.   Lets take another example. Absolutely different kind of sport, Formula-1, where some month ago was happened big scandal. Simon Barnes: Nelson Piquet Jr, son of the eponymous three-times world champion, a young man desperate to make his mark on the sport and yet struggling to keep up with its demands, was told to have an accident at the Singapore Grand Prix last September. As a result of his crash, Piquets team-mate, Fernando Alonso, was able to win a race he would otherwise have not, taking advantage of the safety procedures that are laid down in Formula One. From one hand it looks two different cheatings. Formula One driver has risked with his and other drivers life, because it is very dangerous to make crash in racing and history knows forty-five world drivers that have died in the accidents. In due course, Henry cheated without any risk for his health. Fact that Nelson Piquet Jr didnt cheated willfully, because he carried out Renault teams instructions, but Henry decided to win unfairly by his own mind. That means in Formula One we see simple manipulation by principal, that so often happens also in political life. Simon Barnes: That is what happens when leading commercial concerns get mixed up in sport: their ultimate goal is profit, not sporting success. Terrible but true. Nelson Piquet Jr was a victim and he didnt obtain any profit from this hidden cheating. Hidden because all people knew about it only after 1 year, but situation with Henry was very visual. Thousands of spectators, TV watchers and internet surfers saw this cheating. However Henry didnt show it, he celebrated teams score like nothing unfair happened. Next day mass-media has been overflowed by articles and loud statements. Even politicians have started to interfere to the match result. The positive thing that Henry agreed that he has broke rules, but its impossible to change anything now and France became Irelands enemy number one. REFERENCES http://www.fifa.com

Under the Knife :: Example Personal Narratives

Under the Knife It is a truth universally acknowledged that weird things happen at hospitals. From the moment the automatic doors open, you are enveloped in a different world. A world of beeps, beepers, humming radiators, humming nurses, ID badges, IV bags, gift shops, shift stops, PNs, PAs, MDs, and RNs. Simply being in a hospital usually means you are experiencing a crisis of some sort. Naturally, this association makes people wary. However, I have had the unusual experience of being in a hospital without being sick. In May 1995 I began working once a week at Massachusetts General Hospital. I imagined myself passing the scalpel to a doctor performing open heart surgery, or better yet stumbling upon the cure for cancer. It turned out, however, that those under age eighteen are not allowed to work directly with patients or doctors. I joined a lone receptionist, Mrs. Penn, who had the imposing title of "medical and informational technician." My title was "patient discharge personnel." Mrs. Penn had her own computer and possessed vast knowledge of the hospital. I had my own personal wheelchair. Manning the corner of the information desk, my wheelchair and I would be called on to fetch newly discharged patients from their rooms. This discharge experience taught me lessons both comical and sad about hospital life. On one of my first days, I was wheeling out a woman when I noticed an IV needle still pressed in the back of her hand. I returned her to the nurse's station where the needle was removed without comment or apology. Another time, an elderly man approached the information desk and threatened that if I didn't let him see his wife, he would take a grenade out of his pocket and detonate it. I didn't really believe he had a grenade, but who could be sure? When the man repeated his words to Mrs. Penn, she knew exactly what to do. An immediate call for security was sounded. Sad to say, that man was not the first or last unbalanced individual to frequent Mass General while I worked there. Nor would this be the last time I relied on Mrs. Penn. Some months later, a thirty-something man came to the desk asking for his father's room. When I looked up his computer entry, the father's name came up with the code for the morgue deceased.

Cfa- Economics

ADS It has two variables, share price S and time t. However, there is a second derivative only with respect to the share price and only a first derivative with respect to time. In finance, these type equations have been around since the early seventies, thanks to Fischer Black and Myron Schools. However, equations of this form are very common in physics Physicists refer to them as heat or diffusion equations. These equations have been known In physics for almost two centuries and, naturally. Scientists have learnt a great deal about them.Among numerous applications of these equations in natural sciences, the classic examples are the models of Diffusion of one material within another, like smoke particles in air, or water pollutions; Flow of heat from one part of an object to another. This is about as much I wanted to go into physics of the BBS equation. Now let us concentrate on finance. What Is The Boundary Condition? As I have already mentioned, the BBS equation does not say which financial instrument it describes. Therefore, the equation alone is not sufficient for valuing derivatives.There must be some additional information provided. This additional information is called the boundary conditions. Boundary conditions determine initial or final values of some financial product that evolves over time according to the PDP. Usually, they represent some contractual clauses of various derivative securities. Depending on the product and the problem at hand, boundary conditions would change. When we are dealing with derivative contracts, which have a termination date, the most natural boundary conditions are terminal values of the contracts.For example, the boundary condition for a European call Is the payoff function V(SST,T) = Max( SST-DE) at expiration. In financial problems, it is also usual to specify the behavior of the elution at SO and as S . For example, It is clear that when the share value S , the value of a put option should go to zero. To summaries, equ ipped with the right boundary conditions. It Is possible using some techniques to solve the BBS equation 1 OFF tort various financial instruments. There are a number tot deterrent solution method one of which I now would like to describe to you.Transformation To Constant Coefficient Diffusion Equations Physics students may find this subsection interesting. Sometimes it can be useful to transform the basic BBS equation into something a little bit simpler by a change of variables. For example, instead of the function V(S,t), we can introduce a new function according to the following rule V(S,t) = e ¤x +  ¤Ã‚ ¶LLC(X, 6) where or oh=-1 02 – 10, 2 -0 or 10. 000142 Then IS(x, 6) satisfies the basic diffusion equation D U D 21. 1 = 2 . DXL It is a good exercise to check (using your week 8) that the above change of variables equation.This equation looks much simpler that can be important, for example when simple numerical schemes. Previous ‘partial derivative exercises' f m om r indeed gives rise to the standard diffusion than the original BBS equation. Sometimes seeking closed-form lotions, or in some Green's Functions One solution of the BBS equation, which plays a significant role in option pricing, is 1 You can also read about this transformation in the original paper by Black and Schools, a copy of which you can get from me. 7 ? expo 0 for any S'. (Exercise: verify this by substituting back into the BBS equation. ) This solution behaves in an unusual way as time t approaches expiration T. You can see that in this limit, the exponent goes to zero everywhere, except at S=S', when the solution explodes. This limit is known as a Doric delta function: lime G(S , t) * 6 (S , S Don not confuse this delta function with the delta of delta hedging! ) Think of this as a function that is zero everywhere except at one point, S=S', where it is infinite.One of the properties of is that its integral is equal to one: +m Another very important property en De TA-don ation is where f(S) is an arbitrary function. Thus, the delta-function ‘picks up' the value of f at the point, where the delta-function is singular, I. E. At S'=S. How all of this can help us to value financial derivatives? You will see it in a moment. The expression G(S,t) is a solution of the BBS equation for any S'. Because of the linearity of the BBS equation, we can multiply G(S,t) by any constant, and we get another solution.But then we can also get another solution by adding together expressions of the form G(S,t) but with different values for S'. Putting this together, and taking an integral as Just a way of adding together many solutions, we find that V (S ,t)= If(S (S , t)ads ‘ o m is also a solution of the BBS equation for arbitrary function f(S'). Now if we choose the arbitrary function f(S') to be the payoff function of a given derivative problem, then V(S,t) becomes the value of the option. The function G(S,t) is called the Green's function.The formula abov e gives the exact solution for the option value in terms of the arbitrary payoff function. For example, the value of a European call is given by the following integral c(S , t) = f Max( S E (S , t) ads Let us check that as t approaches T the above call option gives the correct payoff. As we mentioned this before, in the limit when t goes to T, the Green's function becomes a delta-function. Therefore, taking the limit we get T , T) = I Max( S E T , S ‘)ads Max( SST -E ,0). Here we used the property of the delta-function.Thus, the proposed solution for the call option does satisfy the required boundary condition. Formula For A Call Normally, in financial literature you see a formula for European options written in terms of cumulative normal distribution functions. You may therefore wonder how the exact result given above in terms of the Green's function is related to the ones in the literature. Now I'd like to explain how these two results are related. Let us first focus on a Eu ropean call. Let us look at the formula for a call c(S , f Max( S E (S , t)ads We integrate from O to infinity. But it is clear that when S'

Looking for Alibrandi and Being Sixteen Essay Essay

The theme of change is explored throughout the novel Looking for Alibrandi by Melina Marchetta, Penguin Books 1992, where she confronts the readers about the variety of changes happening in Josephine Alibrandi’s life. Similarly Being Sixteen by Michael Khan also explores the changing of the persona as she grows up and changes her perspective. Change may be caused by many influences, such as family, culture, society and the environment; these influences are shown in both texts, therefore, change can be unexpected and unwanted but it must be understood that change is a natural part of life. The novel Looking for Alibrandi effectively explores the theme of change, it is seen through the novel that Josephine Alibrandi, the main character and narrator, significantly changes as an individual, friend and family member as her perspective on life changes throughout the year. First person narration gives the responders an insight into Josie’s mind and reveals how her feelings change towards Jacob Coote and the changes that occur in her life. As she is â€Å"beginning to realize that things don’t turn out the way you want them to† the readers feel empathy and suspense as she narrates her inspirational story. Another technique Marchetta uses to create suspense and also add tension to the storyline is by adding ellipsis which leads up to what Josie reveals to the readers. As Josephine is almost peer pressured into becoming intimate with her short term boyfriend, she stops and says â€Å"until †¦ maybe until I’m engaged†. The use of ellipsis illustrates the tension between Jacob and Josie, but reveals that Josie does not change even though Jacob is pressuring her, this adds to the character of Josie and proves to the audience that she is strong and will stand up for herself. Therefore Marchetta portrays that change may be hard to avoid, although the right change is needed to become the person we desire to be. Josephine is strong enough to state her thoughts and not be easily influenced by others; this inspires readers to be like her. Similarly, the poem â€Å"Being Sixteen† also explores the theme of change and growing up into a strong individual, the persona experiences the negative effects that change may have on an individual’s sense of identity. The repetition of â€Å"never been easy Sixteening† emphasises to the readers how hard the life of a sixteen year old is while living in a cruel world but also implies that it has been hard for all generations, not just the current. This shows that we as people  change, but some things like peer pressure on teenagers may never change and this must be confronted and subsequently dealt with. This message is also seen in Looking for Alibrandi where Josie’s mother and grandmother experienced the same pain such as people judging and peer pressuring them which is what Josie is enduring. The persona in â€Å"Being Sixteen† is â€Å"trying to connect† and is â€Å"searching for meaning† although not achieving it. The use of active verbs places the poem in the present and causes the reader to evaluate their life and how it may relate to these phrases. The enjambment throughout the poem escalates the pace and shows the lack of control that the persona has of her life; it also confuses the reader which relates to how confused the persona feels. By adding the enjambment, it illustrates the struggles of achieving the desired change that the lonely sixteen year old wants in this scary world. Michael Khan suggests that change is hard to achieve, and that perseverance and hard work can show positive changes in self-identity. Thus, Khan clearly conveys the negative implications and struggles associated with change. Marchetta uses various literary techniques in Looking for Alibrandi to appeal to the audience and engage them in understanding the positive and negative changes involved with being a teenager, these changes shown in the novel may be relatable to the audience or may be helpful for later throughout the reader’s life. It can guide younger readers and help them make informed choices. The colloquial language used throughout the novel sets the scene, mood and atmosphere of the book. Jacob says â€Å"Mate, I’m not going to see a pansy movie† this language is used so the readers are able to further relate to the language used, instead of using formal language which does not suit the high school world which Josie is in. Sarcasm is used in Looking for Alibrandi to convey in an interesting way the relationships that she has with the other characters. When Josie was having a conversation with her father she replies, â€Å"What a ridiculous question. I suppose you’re going to ask me if I like pasta next?† The use of sarcasm by Josie, clearly demonstrates the humour in the novel this sets the foundation for the father-daughter relationship to develop and change over the course of the novel. At the end of the novel Josie admits to having â€Å"Italian blood flowing rapidly through† her veins, this use of metaphor symbolises that she now accepts herself, the life that she has and the family and friends that are a part of it. Josie understands that the change  that occurred in her life led to a positive outcome and she now is grateful for who she is and what she has become. Through the changing perspectives of the characters in both Being Sixteen and Looking for Alibrandi it can be seen that change can bring upon experience, understanding and growth. Both texts similarly identify the concept change with similar literary and structural techniques as well as differing ones. Josie and the persona in Being Sixteen accept and understand that change must occur for them to develop as people and that there were struggles while the change occurs, but they must overcome these obstacles to become the best people they can. Overall, the central concept of change is successfull y conveyed by Marchetta and Khan in Looking for Alibrandi and Being Sixteen through various literary and structural techniques.

Implication and conclusion week 7 Essay

What are the most important concepts you have learned this week? I have learned that leadership is essentially the same among countries. The leadership styles of minorities, men and woman remain consistent. What would you recommend to your management/leadership based on these concepts? Last week, I learned that one must be a leader and a manager in order to be effective. A manager must have strong leadership skills in order to motivate his or her group. Likewise, a leader needs to have a rapport with employees, but needs to focus on accomplishing the company’s goals. How will these concepts impact you personally and professionally? In order for leaders to be successful, they need to have good communication skills and they must be able to demonstrate responsibility. A good leader takes the time to make a plan, be consistent in carrying it out, and can motivate his or her employees to follow it. My study of the readings has taught me that my own life experiences have helped me to develop strategies that I use at work to be a strong, effective, charismatic leader. What is the value-added from these concepts, or what differences can these concepts make to your organization? As in previous weeks, the value-added from these concepts are to reduce misunderstandings, mistakes, and miscomputation while increasing respect, good communication, and the motivation of every person. One must understand one’s own leadership characteristics in order to determine whether or not an individual is a natural leader. Describe important references used this week. List the references in proper APA style. Argyris, C. (1976) Increasing Leadership Effectiveness, Wiley, New York, House, R. J. (2004) Culture, Leadership, and Organizations: The GLOBE Study of 62 Societies, SAGE Publications, Thousand Oaks â€Å"In what ways could leadership training and education be improved? † SMeech. net – Tech Ed and Web Design Retrieved on November 5, 2006 from, http://www. smeech. net/2006/03/in-what-ways-could-leadership-training. htm Mercurious, N. (2006, March). Leadership: become a digital-age thinker. Retrieved on November 4, 2006 from, Techlearning. com Newton, L, (2006) Leaders are Born, Not Made Retrieved on November 4, 2006 from, http://www. imakenews. com/masswit/e_article000115018. cfm Torbert, W. (2004) Action Inquiry: the Secret of Timely and Transforming Leadership, San Francisco, CA: Berrett-Koehler Publishers. Warneka, T. (2006). Leading People the Black Belt Way: Conquering the Five Core Problems Facing Leaders Today. Asogomi Publications Intl. Cleveland, Ohio.