Ngo Essay Essay

NGOs are difficult to define and classify, and the term ‘NGO’ is not used consistently. As a result, there are many different classifications in use. The most common use a framework that includes orientation and level of operation. An NGO’s orientation refers to the type of activities it takes on. These activities might include human rights, environmental, or development work. An NGO’s level of operation indicates the scale at which an organization works, such as local, international or national. â€Å"Confronting the Classification Problem: Toward a Taxonomy of NGOs† One of the earliest mentions of the acronym â€Å"NGO† was in 1945, when the UN was created. The UN, which is an inter-governmental organization, made it possible for certain approved specialized international non-state agencies – or non-governmental organisations – to be awarded observer status at its assemblies and some of its meetings. Later the term became used more widely. Today, according to the UN, any kind of private organization that is independent from government control can be termed an â€Å"NGO†, provided it is not-profit, non-criminal and not simply an opposition political party. Professor Peter Willetts, from the University of London, argues the definition of NGOs can be interpreted differently by various organizations and depending on a situation’s context. He defines an NGO as â€Å"†an independent voluntary association of people acting together on a continuous basis for some common purpose other than achieving government office, making money or illegal activities.†[5] In this view, two main types of NGOs are recognized according to the activities they pursue: operational NGOs that deliver services and campaigning NGOs. Although Willetts proposes the operational and campaigning NGOs as a tool to differentiate the main activities of these organizations, he also explains that a single NGO may often be engaged in both activities. Many NGOs also see them as mutually reinforcing.

Academic Success Factors: Distance Education versus Traditional

Academic settings of distance education courses are distinct from traditional college settings due to its high-tech delivery and facilitating needs of its students. The success rates of each learning arena varies by tempering degrees; distance education students must rely on self-discipline and excellent time management skills while traditional students can use their classes for corresponding reasons. Developing skills for success in distance education and traditional learning environments are up to the students’ abilities to focus on their course work. In turn, the use of college text material, technology, and self-management is essential in varying degrees between each student. Distance and traditional students are required to read course textbooks because textbooks bridge the gap between the learner and the learning experience (Cavanaugh, 2005, p.1). Books remain the number one resource for all students because students must engage in in-depth discussions to sort through materials (Adventist Distance Education Consortium, 2002, p. 4). Implementing technology support such as visual or audio delivery increases distance education learners’ experience (Cavanaugh, 2005, p.1). At the same time, traditional students are experiencing a change in course delivery as well. For example, traditional universities offer online supplement materials for their students- quizzes, email, and video tutorials (ADEC, 2002, p.8). These additions require students to use self-motivation as their learning tools, but this is not the same as distance education learners. Distance learners are responsible for persistence and greater self-discipline because they are not required to physically walk or â€Å"go† to class (Cavanaugh, 2006, p.2). This allotted time is used for other demands such as work, family, or study time. Distance learners are in a state of freedom with boundaries that enable them to learn on their own. Traditional learners are placed in their learning environment that may trigger their motivation to learn, but distance learners must use their resources since their learning environment consists of technology (ADEC, 2002, p.8). Class participation rates are higher in distance education courses because the students have more time to develop well-rounded arguments for instructor’s assignments (Cavanaugh, 2005 p.3). On the other hand, traditional students are required to answer in-class questions at that moment – this triggers some self-consciousness among students (ADEC, 2002, p.8). Distance learners have an advantage over traditional students because of this, but they must seize the opportunity to gather information and articulate in with use of technology (Cavanaugh, 2005, p.3). Traditional students’ ability to physically present their work allows instructors to notice their student’s development over the course. Instructors of distance learners must gather hard data due to the non-facing circumstances. By this, student’s assessments and growth is found through their work (Cavanaugh, 2005, p.4). In conclusion, the success of distance and traditional learners is ultimately the student’s responsibility. Both learners must seize opportunities presented by their facilities to adapt their skills to the situation for greater understanding of their material (Cavanaugh, 2005, p.4).    This is very important that facilities have the appropriate resources available for both students. The distance learner and traditional learner utilize the information given to them; e.g. delivery methods are very important in offering the student adequate support in their academic endeavors (Cavanaugh, 2005, p.4). As stated before, distance education students must use optimal self-management skills for successful results while traditional students must focus attend courses physically for their success. Reference Cites Adventist Distance Education Consortium. (2002) Distance Education Success Guide. Retrieved September 16, 2006 Cavanaugh, C. (2005). Distance Education Success Factors (pp. 1-4). USA: University of North Florida.         

Onsite Bullying Vs. Cyberbullying Research Paper

Onsite Bullying Vs. Cyberbullying - Research Paper Example In this regard, process involving such violent or unethical acts that cause harm or embarrassment to other person is referred as bullying (Macfarlane & McPherson, pp.10-15). It has been an observation that gender, religion, social background, physical appearance, and culture are some of the common aspects that become the reason of bullying for strong individuals resulting in usage of verbal and non-verbal pressures by such individuals. Bullying is not a very simple phenomenon, as it exists in different types and forms that make it easier to handle and prevent. Some of the most common types and forms of bullying are physical bullying, verbal bullying, on-site bullying, and cyber-bullying. For instance, any bullying that results in a physical injury or harm is considered as physical bullying, whereas, any act of bullying that involves passing of verbal comments that cause embarrassment and/or harassment comes under verbal bullying. This form usually involves comments related to physica l appearances, color, creed, or race of a person, as well as socio-economic status of the individuals. Although bullying occurs in almost all the social settings where individuals interact with one another, however, schools are the most common places where bullying occurs in all its forms, and thus, students are the easiest preys that become the targets for bullies in the schools while other students witness the incidents as bystanders (McGraw, pp. 9-12). Particularly, this paper will include discussion on two types of bullying that are on-site bullying and cyber bullying. Discussion Analysis of studies has identified bullying as a very devastating issue that affects thousands of students every year globally. For instance, in the year 2009, bullying affected approximately six hundred thousand students in different parts of the world, and â€Å"American schools alone have approximately 2.1 million bullies and 2.7 million students, who are their victims† (Rooney, pp. 171). Acco rding to Mattern (pg. 165), 56% of students in schools admit that they have observed someone bullying an individual in their schools. Moreover, studies have indicated that bullying has become so common that in every eight minutes, a child suffers from the acts of bullying at elementary level that results in adverse effects on his/her life (Lines, pp. 19-20). Unfortunately, these statistics include only those children and/or students that report the acts of bullying to their parents, siblings, or school management, and educators believe that a large number is still missing due to non-reporting of bullying in schools (McGraw, pp. 39-43). All these statistics include all forms of bullying; however, on-site bullying dominates in these reports. Particularly, â€Å"on-site bullying usually happens in classrooms, hallways, playground, bathrooms, and school buses. The bullies start with verbal harassment such as teasing before they get physical with their target, and peer abuse is another term given to bullying when it occurs in school† (Sanders & Phye, pp. 159-161). On the other hand, the other form is cyber-bullying, which has become very common after expansion and introduction of internet at every home, and especially after involvement of children in social networking websites, such as Facebook that allows anyone

Chronic Kidney disease with Hemodialyis Case Study

Chronic Kidney disease with Hemodialyis - Case Study Example The primary reason for her renal failure is obstructive uropathy which has been further complicated by hypertension and diabetes. Hydronephrosis is a condition that is caused by urine filled dilation of the renal pelvis which is then associated with progressive atrophy of the kidneys due to an obstruction of the urine outflow. The kidney eventually becomes a thin walled cystic structure with parenchymal atrophy, complete obliteration of the pyramids and cortex thinning. Bilateral obstruction will lead to renal failure. Hypertension is one of the major diseases that cause CKD. That is often related to poor control caused because of poor education of the patient and their family. One in three adults in the US and one billion people worldwide have hypertension and 26 million adults in the US have chronic kidney disease (Eskridge, 2010)." The National Committee on Prevention Detection, Evaluation, and Treatment of High Blood Pressure describes the relationship between blood pressure and DVD as continuous, consistent, and independent of other risk factors" (Eskridge, 2010. pg. 55). Hypertension damages the kidneys in a couple of ways. Renal damage causes the activation of the renin-angiotensin system. This can happen from the beginning and then the sympathetic nervous system is activated. As this system continues to be damaged, the damage is measured by the change in the GFR or the serum creatinine. As capillary pressure increases, the endothelial cells are damaged which then activates platelets and in terglomerular coagulation (Eskridge, 2010). All of this chronically leads to neprosclerosis. It also accelerates kidney disease caused by other chronic problems such as diabetes. People with diabetes are recommended to keep their blood pressure at 130/80 or below (Porth & Matfin, 2007). In the case of diabetes, diabetic nephropathy is the leading cause of chronic kidney disease and probably accounts of 40% of all new cases. Both type 1 and type 2 diabetes cause this type of renal failure. Diabetic neuropathy points to lesions in the kidney that are created in the diabetic kidney. The glomeruli are affected more than any other structure and there are some other problems such as capillary basement membrane thickening, diffuse glomerular sclerosis and nodular glomerulosclerosis (Porth & Marfin, 2007 pg. 1072). Renal enlargement as well as nephron hypertrophy and hyperfiltration occur early in the disease. This occurs because of the increased work that the kidneys must go through to pick up the excessive glucose . One of the firs t things that will be seen in diabetic renal failure is albumin in the urine. Hypertension as noted before push this disease forward and the symptoms manifest faster. Treatment Grace is being treated with Dialyzer-Revaclear with treatment time of 4 hours, a blood flow of 350ml/min, Dialysate K 1.5/Ca 1.25/Na (initial Cond 150-Final Cond 135)/ Bicarb 40, Dialysate flow 500ml/min, Dialysate temp 35.5 C, Heparin bolus 1.5u, heparin rate 0.8u/hr, ideal weight 78.5kg, pre weight 79kg, Target wt. 1.0kg. She is being dialyzed three times per week. Though hemodialysis has its own set of problems peritoneal dialysis would not be a good choice for Grace. Grace has a history of infections, she does not get around well, and lives in a retirement

Australia Study(Issues for Australias presentation) Essay

Australia Study(Issues for Australias presentation) - Essay Example Others believe that parents and schools should be responsible for inculcating moral values and shaping behaviour of children. In this paper we will discuss who should be responsible for teaching ethics to Australian children. A brief background of the country and culture will be presented in this paper. The role of parents, teacher, and social institutions in providing education of ethics to children will be discussed. Australia is placed in the Southern Hemisphere and constitutes most part of the Australian continent. The country is fairly developed economically and militarily. It is the thirteen largest economy of the world. The country is also placed second on the Human Development Index. Australia is also a highly urbanized country meaning most of the population resides in the urban centres. The country is member of all the notable world organizations and enjoys a dominant position in the world due to its financial position. The quality of life and life style standards in Australia are very high, and corruption level is extremely low (World Audit Organization, 2001). This has included Australia in the list of developed worlds. Financial markets of the country are very developed and this has made the country integrated with the world. Australian culture is individualistic in nature. People follow westernized trends and this is evident in cinemas and theatres of the country (Teo & White, 2003). American pop culture is famous in the country and the society is independent. People live their lives in an independent way without family pressures typical in the eastern societies. Individualist culture is prevalent and people see themselves as individuals rather than as collective units. Australian culture is also influenced by the immigrants who constitute a significant minority. Immigrants are also growing at a fast pace because the population of the country is not growing rapidly. Immigrants have now become

Finncil Mrkets nd Monetry Policy Assignment Example | Topics and Well Written Essays - 1500 words

Finncil Mrkets nd Monetry Policy - Assignment Example "In that sense I think the outlook is 'bimodal' - in terms of there being two main stories. The orthodox story, to which I gave most weight in my November vote, required a small tightening," he said. On the significance of the 15 per cent annual rise in broad money supply, Mr Tucker said it was important to look at what was contributing to the growth: "One has to get one's hands dirty in analysing the money numbers." (Daneshkhu, 2006) The rection of the finncil community to the increse of interest rtes by the Bnk of Englnd showed tht they believed tht the consumer price index would remin bove trget if rtes were left unchnged t 4.75 per cent. Growth ws firm nd hd left smll mrgin of spre cpcity, they rgued, while the risks from slowing US economy hd diminished. The still buoynt housing mrket might spur consumer spending, though it ws ccepted tht household indebtedness could ct s restrint. In ddition, the mjority remined concerned tht the upcoming New Yer py round my pose risk s workers noted tht the retil price index ws t n eight yer pek of 3.7 per cent. "There ws risk tht employees would seek to negotite higher wges in order to resist the erosion of their purchsing power ccording to tht index," sid the Bnk. (Daneshkhu, 2006) The mjorityThe mjority gin reiterted their concerns tht the fst pce of brod money growth could further fuel sset price infltion nd tht tht if infltion continued bove trget for much longer, tht might come to be reflected in infltion expecttions. ll these fctors posed upside risks to infltion. In contrst, one member, presumed to be Ms Lomx, "plced more weight on the downside risks to demnd nd infltion." (Fifield, 2006) The member lso rgued tht the ugust rte rise hd not yet fully been fully felt nd tht the Bnk ws underestimting the risks to demnd of slowing US economy. Rising unemployment ws likely to leve wge growth muted. nother member, believed to be Dvid Blnch flower, rgued tht the "current spike in infltion ws minly relted to lrge gs nd electricity price increses, which were still more thn offsetting the recent fllbck in petrol prices." Infltion would fll shrply next yer s their impct dissipted. Richrd McGuire t RBC Cpitl Mrkets sid the split vote might be interpreted by the mrket s reducing the momentum for nother increse in the cost of borrowing. "While it remins close cll, we continue to see the blnce of probbilities slnted towrd the Bnk of Englnd remining t the sidelines in Februry, view which hs received some support from tody's minutes." (Fifield, 2006) b) On wht grounds hs this interest rte increse hs been justifiedRises in interest rtes re justified by the forecsting tht Bnk of Englnd hs mde in reference to the growth during the next yer nd infltion tht will remin t or bove its trget over the next two yers. Addressing the Financial Markets Association in London, Paul Tucker said he had voted for last month's quarter-point increase in the Bank's main rate to 5 per cent. "With headline inflation tangibly above target in the run-up to the main, new year wage bargaining season and with the market clearly expecting that policy would be tightened, a small increase in bank rate was,

International Business Operations Management Essay - 1

International Business Operations Management - Essay Example And production tends to be variable across the range of products which are usually made 'to-order'. Further, there may be a lapse in time between orders and delivery, due a 'bottle-neck' in the change-over of production methods (Perison, Brown, Easton, & Howard, 2002). Thus, with this traditional form of operations management, the process is labour intensive and idle time is much more likely. Organizations are making the switch from batch production to a more linear and continuous form of operations. This paper will review the effects of the switch from batch to line processing for a fictional Company. Firstly, a definition of line processing will be given. Secondly, an evaluation of the effect the change will have on five core areas of operations will be provided (marketing, accounting, finance, human resources and information systems). Finally, a conclusion shall synthesize the main points and support the use of line processing for the Company. A definition of line processing is a method of mass production that is high volume and extremely cost efficient because it is not labour intensive (Shim & Siegel, 1999). There is minimum changeover of equipment, processes and staff when products are being manufactured, due to the standardization and minimization of a product range (Horngren, Foster, Datar, & Srikant, 2000). Higher profit margins are expected because of higher sales. Costs are saved across the whole management system and there are better quality products and improved delivery service, making the Company more cost competitive.Looking to Accounting systems of the Company, this department would have contributed to team discussions by using linear programming to forecast which product/s were to be deleted from the range, or which to be outsourced to smaller manufacturers if they were profitable (Pizzey, 1989). Accounting would also have been responsible for input as to the potential sales increases expected from the oper ations change-over. Also, the department would have advised on the positive changes to inventory systems with line processing, as the method would allow for 'just-in-time' production. Cost savings and the ability to order stock more consistently rather than rely on storage, would make the Company more cost efficient (Horngren et al., 2000). The savings would be passed onto staff in the form of simplifying bookkeeping management, and increasing wages. Turning now to Finance, this department would need to have provided simulations and forecasts of the process selection of production methods to achieve increased sales and profits (Mayle, Bettley, & Tantoush, 2005). As sensitivity analyzers, the Finance staff would have determined the pessimistic, actual or optimistic volume expected from making the switch. Estimates of time, costs and cash inflows contribute to predicting the economic life of an organization, and help determine when the proposed changes will come into effect. The net present value and future capital investments of the switch as established by simulations would indicate whether the change be financed internally or externally (i.e., through investors or loans) (Horngren et al., 2000). This establishes the product life cycle in the global market at the moment.The Marketing department would have involved themselves in potential advertising costs. It is unlikely that branding would have been effected with the

A building that inspires me Essay Example | Topics and Well Written Essays - 1000 words

A building that inspires me - Essay Example Earlier this year, I was asked to help in the restoration works of this building by a colleague. There are several reasons why this building has inspired me. Despite being built in 1690, Buckie House is still standing today. When Buckie House was built, most buildings in Europe were built with stone and clay mortar - materials which can easily cave in to neglect and climate changes over time. A lot of tourists visit Anstruther and as these pass by Buckie House cracks on the wall and damage to the shells have been the result of 80-90 years of heavy road traffic. Aside from these â€Å"wear-and-tear† consequences, Buckie House has also survived changes brought about by modernization. Some buildings in the Anstruther area have been demolished, abandoned or used for purposes other than the initial reasons for putting them up. For example, according to an appraisal report by Arc-Architects, â€Å"a magnificent medieval church in Anstruther Western was reduced in the 19th century, changed into a church hall in 1963 and is now marked for foreclosure.† Through the years, the city council has made decisions regarding infrastructure in this part of Scotland to satisfy the need for more efficient land & property allocation. Another battle Buckie House has won is aesthetic in nature. The house features various styles. Some shells are formalised in a pattern to mimic ashlar (large rectangular stones) whilst other areas have completely artistic patterns and form abstract designs, even a huge butterfly. Although it had been the trend in the 1900’s to decorate one’s house with shells, there is only a small handful remaining today. Changing fashion has seen the shells removed from many similar houses. For Buckie House, there has been much effort to maintain it and keep it as a landmark for this city in Scotland. Previous restoration works had been done on the house prior to the job I was asked to help out with. The public has been

Complexity Theory Dominates The Narrative In Strategy Today Essay

Complexity Theory Dominates The Narrative In Strategy Today - Essay Example Thus, it is clear that organisations cannot carry on with preset strategies, and instead has to keep tab of all the happenings in its external environment and accordingly come up with strategies and reorient its organizational processes. This form of strategic management, where the organisation will keep on initiating new strategies according to its external environment, only comes under the Complexity theory. This theory views organisation mainly as part of a collection of structures, in which the organization could share some or maximum properties with other composite and adaptive environmental systems or structures. As the organisations share properties with these environmental systems, they will be able to adapt to that environment, reorient its strategies accordingly and emerge successful. So, this paper will critically discuss the strategic management view that Complexity theory dominates the narrative in strategy today, by first providing the background of the Complexity theor y. Then, the paper will analyse with case examples how the theory is practiced in an organization and how the strategist or leader or manager will play a role in that practice. The paper will also provide counter perspectives, before drawing to a conclusion. When the Complexity theory is viewed from an overall perspective, or when one focuses on the science of complexity, it emerges that it is the study of an evolving and adapting order in an otherwise orderly systems. That is, certain action is carried out, or naturally carries out in a specific order, without changing of set patterns, for example, flocking and large scale migration of birds. However, even that set pattern have to be changed according to the constantly changing environment. So, the key is, the actions has to be operated at the vicinity of ‘edge’, without deeply getting involved in preset practices. That is, one has to be fully prepared for any changes that might occur in their action path, and so they should operate in that path of ‘prepared’ or ‘ready to adapt’ state. According to McElory (2000), the systems that operate in the vicinity of the edge or even chaos mainly exhibits strong bursts of creativity, thereby coming up with i nnovative behaviours and new patterns. These new patterns which enhances the ability of a system to â€Å"adapt successfully to its environment are stabilized and repeated† while those that performs below expectations and leads to failures â€Å"are rejected in favor of radically new ones, almost as if a cosmic game of trial-and-error were being played.† (McElory 2000, p.196). Many concepts of the Complexity theory got originated and were researched at the Sante Fe Institute, located in New Mexico, USA. The institute was found in 1984 by George A. Cowan as an independent research centre, where scientists from different disciplines including maths, physics, biology, information technology, psychology, physiology, etc, etc with their computing expertise, conducted â€Å"interdisciplinary work on the behaviour of complex adaptive systems†, coming up with various postulations of the Complexity theory. (Rosenhead 2008). The basic concept that resulted from this resea rch under the Complexity theory is that, any collection of components as well as systems will evolve as well as organize itself, on the basis of changes in its external environment. The application of this concept in the field of business started

Male Bashing Stereotype Essay Example for Free

Male Bashing Stereotype Essay â€Å"The Male Bashing Stereotype† by Kimberly Graham, unveils the secret of creativity, which is by her own admission a process of â€Å"uneducation,† rather than one of education. The premise here is to discard the rules we’ve learned about creative writing, and formulate new ones that actually work for us. Goldberg teaches workshops where current writers go not to learn the craft, but to actually tap into the creative process using a more â€Å"hands on† approach. Goldberg’s approach offers challenging concepts and positive solutions. Natalie Goldberg is a firm believer in the writing exercise, which is an excellent way to keep in good form. The author, a practicing Zen Buddhist, manages to address most of the problems that sabotage the process itself. According to Goldberg, it is the way we approach and perceive the craft itself that ultimately prevents writers from producing the work. She opens with a chapter labeled, â€Å"First Thoughts,† which advocates letting go of all of one’s ego and inhibition. â€Å"We must trust in our own process and voice,† she insists. This first statement rings absolutely true. In writer’s groups writers come and go frequently. The ones that ultimately persevere in the craft are the ones that don’t have thin skins. Goldberg quotes a cherished Zen master as having said, â€Å"We must continue to open in the face of great opposition† (Rinpoche12). For this reason, the writer has to be able to separate themselves from his or her work. The work may in fact be an extension or reflection of the writer’s personal experience, but this is where the association ends. Unless the work is viewed through this lens, critique will always seem like a personal attack, instead of an aspect for improvement. Goldberg prefers first thoughts because she says, â€Å"First thoughts are unencumbered by ego† (8).

Asset and liability management

Asset and liability management ASSET AND LIABILITY MANAGEMENT In banking, asset and liability management (ALM) is used to manage the risks that arise due to mismatches between the assets and liabilities (debts and assets) of the bank. Banks face several risks like the liquidity risk, market risk, interest rate risk, credit risk and operational risk. Asset Liability management (ALM) is a strategic management tool to manage interest rate risk and liquidity risk faced by banks, other financial services companies and corporations. Banks manage the risks of Asset liability mismatch by matching the assets and liabilities according to the maturity pattern or the matching the duration, by hedging and by securitization. Asset and liability management remain high-priority areas for bank regulators, with an emphasis on management of market risk, liquidity risk, and credit risk. Asset/liability managers face the challenge of keeping pace with industry changes as new areas of risk are identified and new tools and models are developed to help measure and manage risk. In other words Asset-Liability Management (ALM) can be known as a risk management technique designed to earn an adequate return while maintaining a comfortable surplus of assets beyond liabilities. It takes into consideration interest rates, earning power, and degree of willingness to take on debt and hence is also known as Surplus Management. But in the last decade the meaning of asset liability management has evolved. It is now used in many different ways under different contexts. ALM, which was actually pioneered by financial institutions and banks, are now widely being used in industries too. The Society of Actuaries Task Force on ALM Principles, Canada, offers the following definition for ALM: Asset Liability Management is the on-going process of formulating, implementing, monitoring, and revising strategies related to assets and liabilities in an attempt to achieve financial objectives for a given set of risk tolerances and constraints. Basis of Asset-Liability Management Traditionally, banks and insurance companies used accrual system of accounting for all their assets and liabilities. They would take on liabilities such as deposits, life insurance policies or annuities. They would then invest the proceeds from these liabilities in assets such as loans, bonds or real estate. All these assets and liabilities were held at book value. Doing so disguised possible risks arising from how the assets and liabilities were structured. Consider a bank that borrows 1 Crore (100 Lakhs) at 6 % for a year and lends the same money at 7 % to a highly rated borrower for 5 years. The net transaction appears profitable the bank is earning a 100 basis point spread but it entails considerable risk. At the end of a year, the bank will have to find new financing for the loan, which will have 4 more years before it matures. If interest rates have risen, the bank may have to pay a higher rate of interest on the new financing than the fixed 7 % it is earning on its loan. Suppose, at the end of a year, an applicable 4-year interest rate is 8 %. The bank is in serious trouble. It is going to earn 7 % on its loan but would have to pay 8 % on its financing. Accrual accounting does not recognize this problem. Based upon accrual accounting, the bank would earn Rs 100,000 in the first year although in the preceding years it is going to incur a loss. The problem in this example was caused by a mismatch between assets and liabilities. Prior to the 1970s, such mismatches tended not to be a significant problem. Interest rates in developed countries experienced only modest fluctuations, so losses due to asset-liability mismatches were small or trivial. Many firms intentionally mismatched their balance sheets and as yield curves were generally upward sloping, banks could earn a spread by borrowing short and lending long. Things started to change in the 1970s, which ushered in a period of volatile interest rates that continued till the early 1980s. US regulations which had capped the interest rates so that banks could pay depositors, was abandoned which led to a migration of dollar deposit overseas. Managers of many firms, who were accustomed to thinking in terms of accrual accounting, were slow to recognize this emerging risk. Some firms suffered staggering losses. Because the firms used accrual accounting, it resulted in more of crippled balance sheets than bankruptcies. Firms had no options but to accrue the losses over a subsequent period of 5 to 10 years. One example, which drew attention, was that of US mutual life insurance company The Equitable. During the early 1980s, as the USD yield curve was inverted with short-term interest rates sky rocketing, the company sold a number of long-term Guaranteed Interest Contracts (GICs) guaranteeing rates of around 16% for periods up to 10 years.Equitable then invested the assets short-term to earn the high interest rates guaranteed on the contracts. But short-term interest rates soon came down. When the Equitable had to reinvest, it couldnt get even close to the interest rates it was paying on the GICs. The firm was crippled. Eventually, it had to demutualize and was acquired by the Axa Group. Increasingly banks and asset management companies started to focus on Asset-Liability Risk.The problem was not that the value of assets might fall or that the value of liabilities might rise. It was that capital might be depleted by narrowing of the difference between assets and liabilities and that the values of assets and liabilities might fail to move in tandem. Asset-liability risk is predominantly a leveraged form of risk. The capital of most financial institutions is small relative to the firms assets or liabilities, and so small percentage changes in assets or liabilities can translate into large percentage changes in capital. Accrual accounting could disguise the problem by deferring losses into the future, but it could not solve the problem.Firms responded by forming asset-liability management (ALM) departments to assess these asset-liability risk. Techniques for assessing Asset-Liability Risk Techniques for assessing asset-liability risk came to include Gap Analysis and Duration Analysis. These facilitated techniques of managing gaps and matching duration of assets and liabilities. Both approaches worked well if assets and liabilities comprised fixed cash flows. But cases of callable debts, home loans and mortgages which included optio.ns of prepayment and floating rates, posed problems that gap analysis could not address. Duration analysis could address these in theory, but implementing sufficiently sophisticated duration measures was problematic Accordingly, banks and insurance companies started using Scenario Analysis. Under this technique assumptions were made on various conditions, for example: * Several interest rate scenarios were specified for the next 5 or 10 years. These specified conditions like declining rates, rising rates, a gradual decrease in rates followed by a sudden rise, etc. Ten or twenty scenarios could be specified in all. * Assumptions were made about the performance of assets and liabilities under each scenario. They included prepayment rates on mortgages or surrender rates on insurance products. * Assumptions were also made about the firms performance-the rates at which new business would be acquired for various products, demand for the product. * Market conditions and economic factors like inflation rates and industrial cycles were also included. * Based upon these assumptions, the performance of the firms balance sheet could be projected under each scenario. If projected performance was poor under specific scenarios, the ALM committee would adjust assets or liabilities to address the indicated exposure. Let us consider the procedure for sanctioning a commercial loan. The borrower, who approaches the bank, has to appraise the banks credit department on various parameters like industry prospects, operational efficiency, financial efficiency, management qualities and other things, which would influence the working of the company. On the basis of this appraisal, the banks would then prepare a credit-grading sheet after covering all the aspects of the company and the business in which the company is in. Then the borrower would then be charged a certain rate of interest, which would cover the risk of lending. * But the main shortcoming of scenario analysis was that, it was highly dependent on the choice of scenarios. It also required that many assumptions were to be made about how specific assets or liabilities will perform under specific scenario. Gradually the firms recognized a potential for different type of risks, which was overlooked in ALM analyses. Also the deregulation of the interest rates in US in mid 70 s compelled the banks to undertake active planning for the structure of the balance sheet. The uncertainty of interest rate movements gave rise to Interest Rate Risk thereby causing banks to look for processes to manage this risk. In the wake of interest rate risk came Liquidity Risk and Credit Risk, which became inherent components of risk for banks. The recognition of these risks brought Asset Liability Management to the centre-stage of financial intermediation. Today even Equity Risk, which until a few years ago was given only honorary mention in all but a few company ALM re ports, is now an indispensable part of ALM for most companies.. Some companies have gone even further to include Counterparty Credit Risk, Sovereign Risk, as well as Product Design and Pricing Risk as part of their overall ALM. * Now a days a company has different reasons for doing ALM. While some companies view ALM as a compliance and risk mitigation exercise, others have started using ALM as strategic framework to achieve the companys financial objectives. Some of the business reasons companies now state for implementing an effective ALM framework include gaining competitive advantage and increasing the value of the organization. Asset-Liability Management Approach ALM in its most apparent sense is based on funds management. Funds management represents the core of sound bank planning and financial management. Although funding practices, techniques, and norms have been revised substantially in recent years, it is not a new concept. Funds management is the process of managing the spread between interest earned and interest paid while ensuring adequate liquidity. Therefore, funds management has following three components, which have been discussed briefly. A. Liquidity Management Liquidity represents the ability to accommodate decreases in liabilities and to fund increases in assets. An organization has adequate liquidity when it can obtain sufficient funds, either by increasing liabilities or by converting assets, promptly and at a reasonable cost. Liquidity is essential in all organizations to compensate for expected and unexpected balance sheet fluctuations and to provide funds for growth. The price of liquidity is a function of market conditions and market perception of the risks, both interest rate and credit risks, reflected in the balance sheet and off-balance sheet activities in the case of a bank. If liquidity needs are not met through liquid asset holdings, a bank may be forced to restructure or acquire additional liabilities under adverse market conditions. Liquidity exposure can stem from both internally (institution-specific) and externally generated factors. Sound liquidity risk management should address both types of exposure. External liquidit y risks can be geographic, systemic or instrument-specific. Internal liquidity risk relates largely to the perception of an institution in its various markets: local, regional, national or international. Determination of the adequacy of a banks liquidity position depends upon an analysis of its: * Historical funding requirements * Current liquidity position * Anticipated future funding needs * Sources of funds * Present and anticipated asset quality * Present and future earnings capacity * Present and planned capital position As all banks are affected by changes in the economic climate, the monitoring of economic and money market trends is key to liquidity planning. Sound financial management can minimize the negative effects of these trends while accentuating the positive ones. Management must also have an effective contingency plan that identifies minimum and maximum liquidity needs and weighs alternative courses of action designed to meet those needs. The cost of maintaining liquidity is another important prerogative. An institution that maintains a strong liquidity position may do so at the opportunity cost of generating higher earnings. The amount of liquid assets a bank should hold depends on the stability of its deposit structure and the potential for rapid expansion of its loan portfolio. If deposit accounts are composed primarily of small stable accounts, a relatively low allowance for liquidity is necessary. Additionally, management must consider the current ratings by regulatory and rating agencies when planning liquidity needs. Once liquidity needs have been determined, management must decide how to meet them through asset management, liability management, or a combination of both. B. Asset Management Many banks (primarily the smaller ones) tend to have little influence over the size of their total assets. Liquid assets enable a bank to provide funds to satisfy increased demand for loans. But banks, which rely solely on asset management, concentrate on adjusting the price and availability of credit and the level of liquid assets. However, assets that are often assumed to be liquid are sometimes difficult to liquidate. For example, investment securities may be pledged against public deposits or repurchase agreements, or may be heavily depreciated because of interest rate changes. Furthermore, the holding of liquid assets for liquidity purposes is less attractive because of thin profit spreads. Asset liquidity, or how salable the banks assets are in terms of both time and cost, is of primary importance in asset management. To maximize profitability, management must carefully weigh the full return on liquid assets (yield plus liquidity value) against the higher return associated with less liquid assets. Income derived from higher yielding assets may be offset if a forced sale, at less than book value, is necessary because of adverse balance sheet fluctuations. Seasonal, cyclical, or other factors may cause aggregate outstanding loans and deposits to move in opposite directions and result in loan demand, which exceeds available deposit funds. A bank relying strictly on asset management would restrict loan growth to that which could be supported by available deposits. The decision whether or not to use liability sources should be based on a complete analysis of seasonal, cyclical, and other factors, and the costs involved. In addition to supplementing asset liquidity, liability sources of liquidity may serve as an alternative even when asset sources are available. C. Liability Management Liquidity needs can be met through the discretionary acquisition of funds on the basis of interest rate competition. This does not preclude the option of selling assets to meet funding needs, and conceptually, the availability of asset and liability options should result in a lower liquidity maintenance cost. The alternative costs of available discretionary liabilities can be compared to the opportunity cost of selling various assets. The major difference between liquidity in larger banks and in smaller banks is that larger banks are better able to control the level and composition of their liabilities and assets. When funds are required, larger banks have a wider variety of options from which to select the least costly method of generating funds. The ability to obtain additional liabilities represents liquidity potential. The marginal cost of liquidity and the cost of incremental funds acquired are of paramount importance in evaluating liability sources of liquidity. Consideration m ust be given to such factors as the frequency with which the banks must regularly refinance maturing purchased liabilities, as well as an evaluation of the banks ongoing ability to obtain funds under normal market conditions. The obvious difficulty in estimating the latter is that, until the bank goes to the market to borrow, it cannot determine with complete certainty that funds will be available and/or at a price, which will maintain a positive yield spread. Changes in money market conditions may cause a rapid deterioration in a banks capacity to borrow at a favorable rate. In this context, liquidity represents the ability to attract funds in the market when needed, at a reasonable cost vis-Ã  -vis asset yield. The access to discretionary funding sources for a bank is always a function of its position and reputation in the money markets. Although the acquisition of funds at a competitive cost has enabled many banks to meet expanding customer loan demand, misuse or improper implementation of liability management can have severe consequences. Further, liability management is not riskless. This is because concentrations in funding sources increase liquidity risk. For example, a bank relying heavily on foreign interbank deposits will experience funding problems if overseas markets perceive instability in U.S. banks or the economy. Replacing foreign source funds might be difficult and costly because the domestic market may view the banks sudden need for funds negatively. Again over-reliance on liability management may cause a tendency to minimize holdings of short-term securities, relax asset liquidity standards, and result in a large concentration of short-term liabilities supporting assets of longer maturity. During times of tight money, this could cause an earnings squeeze and an illiquid condition. Also if rate competition develops in the money market, a bank may incur a high cost of funds and may elect to lower credit standards to book higher yielding loans and securities. If a bank is purchasing liabilities to support assets, which are already on its books, the higher cost of purchased funds may result in a negative yield spread. Preoccupation with obtaining funds at the lowest possible cost, without considering maturity distribution, greatly intensifies a banks exposure to the risk of interest rate fluctuations. That is why banks who particularly rely on wholesale funding sources, management must constantly be aware of the composition, characteristics, and diversification of its funding sources. Procedure for Examination of Asset Liability Management In order to determine the efficacy of Asset Liability Management one has to follow a comprehensive procedure of reviewing different aspects of internal control, funds management and financial ratio analysis. Below a step-by-step approach of ALM examination in case of a bank has been outlined. Step 1 The bank/ financial statements and internal management reports should be reviewed to assess the asset/liability mix with particular emphasis on. * Total liquidity position (Ratio of highly liquid assets to total assets) * Current liquidity position (Minimum ratio of highly liquid assets to demand liabilities/deposits) * Ratio of Non Performing Assets to Total Assets * Ratio of loans to deposits * Ratio of short-term demand deposits to total deposits * Ratio of long-term loans to short term demand deposits * Ratio of contingent liabilities for loans to total loans * Ratio of pledged securities to total securities Step 2 It is to be determined that whether bank management adequately assesses and plans its liquidity needs and whether the bank has short-term sources of funds. This should include * Review of internal management reports on liquidity needs and sources of satisfying these need.. * Assessing the banks ability to meet liquidity needs Step 3 The banks future development and expansion plans, with focus on funding and liquidity management aspects has to be looked into. This entails. * Determining whether bank management has effectively addressed the issue of need for liquid assets to funding sources on a long-term basis. * Reviewing the banks budget projections for a certain period of time in the future. * Determining whether the bank really needs to expand its activities. What are the sources of funding for such expansion and whether there are projections of changes in the banks asset and liability structure. * Assessing the banks development plans and determining whether the bank will be able to attract planned funds and achieve the projected asset growth. * Determining whether the bank has included sensitivity to interest rate risk in the development of its long term funding strategy. Step 4 Examining the banks internal audit report in regards to quality and effectiveness in terms of liquidity management. Step 5 Reviewing the banks plan of satisfying unanticipated liquidity needs by. * Determining whether the banks management assessed the potential expenses that the bank will have as a result of unanticipated financial or operational problems. * Determining the alternative sources of funding liquidity and/or assets subject to necessity. * Determining the impact of the banks liquidity management on net earnings position. Step 6 Preparing an Asset/Liability Management Internal Control Questionnaire which should include the following Whether the board of directors has been consistent with its duties and responsibilities and included o A line of authority for liquidity management decisions. o A mechanism to coordinate asset and liability management decisions. o A method to identify liquidity needs and the means to meet those needs. o Guidelines for the level of liquid assets and other sources of funds in relationship to needs. Does the planning and budgeting function consider liquidity requirements. Are the internal management reports for liquidity management adequate in terms of effective decision making and monitoring of decisions. Are internal management reports concerning liquidity needs prepared regularly and reviewed as appropriate by senior management and the board of directors. Whether the banks policy of asset and liability management prohibits or defines certain restrictions for attracting borrowed means from bank related persons (organizations) in order to satisfy liquidity needs. Does the banks policy of asset and liability management provide for an adequate control over the position of contingent liabilities of the bank. Is the foregoing information considered an adequate basis for evaluating internal control in that there are no significant deficiencies in areas not covered in this questionnaire that impair any controls. Guidelines on Asset-Liability Management (ALM) System -Amendments Reserve Bank had issued guidelines on ALM system vide Circular dated February 10, 1999, which covered, among others, interest rate risk and liquidity risk measurement / reporting framework and prudential limits. As a measure of liquidity management, banks are required to monitor their cumulative mismatches across all time buckets in their Statement of Structural Liquidity by establishing internal prudential limits with the approval of the Board / Management Committee. As per the guidelines, the mismatches (negative gap) during the time buckets of 1-14 days and 15-28 days in the normal course, are not to exceed 20 per cent of the cash outflows in the respective time buckets. 2. Having regard to the international practices, the level of sophistication of banks in India and the need for a sharper assessment of the efficacy of liquidity management, Reserve Bank of India has reviewed guidelines on 24th October 2007 and decided that : (a) the banks may adopt a more granular approach to measurement of liquidity risk by splitting the first time bucket (1-14 days at present) in the Statement of Structural Liquidity into three time buckets viz. Next day , 2-7 days and 8-14 days. (b) the Statement of Structural Liquidity may be compiled on best available data coverage, in due consideration of non-availability of a fully networked environment.Banks may, however, make concerted and requisite efforts to ensure coverage of 100 per cent data in a timely manner. (c) the net cumulative negative mismatches during the Next day, 2-7 days, 8-14 days and 15-28 days buckets should not exceed 5 % ,10%, 15 % and 20 % of the cumulative cash outflows in the respective time buckets in order to recognise the cumulative impact on liquidity. (d) banks may undertake dynamic liquidity management and should prepare the Statement of Structural Liquidity on daily basis. The Statement of Structural Liquidity, may, however, be reported to RBI, once a month, as on the third Wednesday of every month. 3. The format of Statement of Structural Liquidity has been revised suitably and is furnished. The guidance for slotting the future cash flows of banks in the revised time buckets has also been suitably modified and is furnished at Annex II. 4. To enable the banks to fine tune their existing MIS as per the modified guidelines, the revised norms as well as the supervisory reporting as per the revised format would commence with effect from the period beginning January 1, 2008 and the reporting frequency would continue to be monthly for the present. However, the frequency of supervisory reporting of the Structural Liquidity position shall be fortnightly, with effect from the fortnight beginning April 1, 2008. Asset Liability Management in Indian Context The post-reform banking scenario in India was marked by interest rate deregulation, entry of new private banks, and gamut of new products along with greater use of information technolog.To cope with these pressures banks were required to evolve strategies rather than ad hoc solutions. Recognising the need of Asset Liability management to develop a strong and sound banking.system, the RBI has come out with ALM guidelines for banks and FIs in April 1999.The Indian ALM framework rests on three pillars. Â · ALM Organisation (ALCO) The ALCO or the Asset Liability Management Committee consisting of the banks senior management including the CEO should be responsible for adhering to the limits set by the board as well as for deciding the business strategy of the bank in line with the banks budget and decided risk management objectives. ALCO is a decision-making unit responsible for balance sheet planning from a risk return perspective including strategic management of interest and liquidity risk. The banks may also authorise their Asset-Liability Management Committee (ALCO) to fix interest rates on Deposits and Advances, subject to their reporting to the Board immediately thereafter. The banks should also fix maximum spread over the PLR with the approval of the ALCO/Board for all advances other than consumer credit. Â · ALM Information System The ALM Information System is required for the collection of information accurately, adequately and expeditiously. Information is the key to the ALM process. A good information system gives the bank management a complete picture of the banks balance sheet. Â · ALM Process The basic ALM processes involving identification, measurement and management of risk parameter.The RBI in its guidelines has asked Indian banks to use traditional techniques like Gap Analysis for monitoring interest rate and liquidity risk. However RBI is expecting Indian banks to move towards sophisticated techniques like Duration, Simulation, VaR in the future. For the accrued portfolio, most Indian Private Sector banks use Gap analysis, but are gradually moving towards duration analysis. Most of the foreign banks use duration analysis and are expected to move towards advanced methods like Value at Risk for the entire balance sheet.some foreign banks are already using VaR for the entire balance sheet. Conclusion ALM has evolved since the early 1980s.Today, financial firms are increasingly using market value accounting for certain business lines. This is true of universal banks that have trading operations.Techniques of ALM have also evolved.The growth of OTC derivatives markets has facilitated a variety of hedging strategies. A significant development has been securitization, which allows firms to directly address asset-liability risk by removing assets or liabilities from their balance sheets. This not only eliminates asset-liability risk; it also frees up the balance sheet for new business. Thus, the scope of ALM activities has widened. Today, ALM departments are addressing (non-trading) foreign exchange risks as well as other risks. Also, ALM has extended to non-financial firms. Corporations have adopted techniques of ALM to address interest-rate exposures, liquidity risk and foreign exchange risk. They are using related techniques to address commodities risks. For example, airlines hedging of fuel prices or manufacturers hedging of steel prices are often presented as ALM. Thus it can be safely said that Asset Liability Management will continue to grow in future and an efficient ALM technique will go a long way in managing volume, mix, maturity, rate sensitivity, quality and liquidity of the assets and liabilities so as to earn a sufficient and acceptable return on the portfolio.

Technology and Its Impact on Work-Related Stress Essay -- Technologica

Technology and Its Impact on Work-Related Stress Trends in organizational behavior have an impact on employees. Many factors in our daily lives can cause stress, but how does technology play a role in impacting stress? Does technology affect us positively or negatively? Is there anything unethical about technology and the way it is utilized in the workplace? This paper will reveal both the positive and negative impacts of technology on work-related stress and discover some influential ethical issues as well.   Ã‚  Ã‚  Ã‚  Ã‚  Organizations utilize various types of technology, from cell phones to personal computers and numerous types of technical software. In the article, ?Workplace Depression Blamed on IT Stress?, David Williamson states, ?Technology designed to help people work efficiently is now forcing employees into a state of digital depression? (Williamson, 2003, pg.9). Technology has the ability to prevent a person from escaping reality.   Ã‚  Ã‚  Ã‚  Ã‚  In the fire service, firefighters and staff personnel utilize cell phones, pagers, radios, and e-mail. As such, are rarely unavailable and it is not uncommon to be interrupted during one?s day off or vacation. While this inability to ?escape? may cause stress, these same types of technology can assist in relieving stress. For those who travel, cell phones can provide a feeling of safety since help can be a phone call away when the car breaks down. For working parents, there is often comfort in knowing the children and family will...

The Devil in Joyce Carol Oates Where Are You Going, Where Have You Bee

The Devil in Joyce Carol Oates' "Where Are You Going, Where Have You Been?" Her name is Connie, and she is not unlike many girls of the time she lives in. She is vain, she is constantly at war with her family, and she is in an incredible rush to grow up. Her race to maturity is the trait focused on in Joyce Carol Oates' "Where Are You Going, Where Have You Been." It splits Connie into two different personalities: 'One for home, and one for anywhere that was not home' (431). Everything about her?her walk, her smile, and her laugh?metamorphoses as soon as she steps out the front door. The child is hidden, the seductive young woman emerges, and the world of the ?big kids? is more than willing to take her in. This world is what she thinks she wants, until the day a shiny golden convertible pulls into her driveway and the the mysterious Arnold Friend emerges. Through Arnold Friend, Connie learns that her rush to grow up is foolish and that she is trying to jump into a world that she knows nothing about and that could be potentially dangerous. She ultimately releases her dream and clings to her family as never before, realizing that their firm grasp on her is not for their benefit, but her own. Joyce Carol Oates?s vivid description of Arnold Friend carries the most emotional freight, as the evil behind his apparent glamor brings about Connie?s change. Though he takes the outer appearance of a normal boy, everything about his behavior suggests that he is the Devil himself in disguise. The most obvious aspects of Arnold Friend that suggest that he is the Devil in disguise are his physical features. For example, several references are made to the abnormality of his feet. As he walks about, he stumbles... ...s images of Arnold Friend, suggesting that he is the Devil in disguise, make the story both moving and successful. Connie?s fright at the face of the Devil is shared by Oates?s audience, making it easier for them to understand both the emotional impact of her struggle and the gravity of the lesson being taught by the story: things are not always as they seem. Connie?s fright at the discovery of Arnold?s true nature is comparable to Eve?s fright at the awareness of good and evil. Connie jumped into a world that was as appealing to her as the serpent?s shiny red apple was to Eve, only to discover that everything beyond the savory exterior was fraught with venomous poison. Reference Oates, Joyce Carol, ?Where Are You Going, Where Have You Been?? reprinted in X.J. Kennedy?s Literature: An introduction to Fiction, Poetry, and Drama, 5th ed (Harper Collins, 1991).

Main Objectives of Financial Management

FINANCIAL MANAGEMENT The main objectives of financial management are:- 1. Profit maximization : The main objective of financial management is profit maximization. The finance manager tries to earn maximum profits for the company in the short-term and the long-term. He cannot guarantee profits in the long term because of business uncertainties. However, a company can earn maximum profits even in the long-term, if:- i. The Finance manager takes proper financial decisions. ii. He uses the finance of the company properly. 2.Wealth maximization : Wealth maximization (shareholders' value maximization) is also a main objective of financial management. Wealth maximization means to earn maximum wealth for the shareholders. So, the finance manager tries to give a maximum dividend to the shareholders. He also tries to increase the market value of the shares. The market value of the shares is directly related to the performance of the company. Better the performance, higher is the market value o f shares and vice-versa. So, the finance manager must try to maximise shareholder's value. . Proper estimation of total financial requirements : Proper estimation of total financial requirements is a very important objective of financial management. The finance manager must estimate the total financial requirements of the company. He must find out how much finance is required to start and run the company. He must find out the fixed capital and working capital requirements of the company. His estimation must be correct. If not, there will be shortage or surplus of finance. Estimating the financial requirements is a very difficult job.The finance manager must consider many factors, such as the type of technology used by company, number of employees employed, scale of operations, legal requirements, etc. 4. Proper mobilisation : Mobilisation (collection) of finance is an important objective of financial management. After estimating the financial requirements, the finance manager must d ecide about the sources of finance. He can collect finance from many sources such as shares, debentures, bank loans, etc. There must be a proper balance between owned finance and borrowed finance.The company must borrow money at a low rate of interest. 5. Proper utilisation of finance : Proper utilisation of finance is an important objective of financial management. The finance manager must make optimum utilisation of finance. He must use the finance profitable. He must not waste the finance of the company. He must not invest the company's finance in unprofitable projects. He must not block the company's finance in inventories. He must have a short credit period. 6. Maintaining proper cash flow : Maintaining proper cash flow is a short-term objective of financial management.The company must have a proper cash flow to pay the day-to-day expenses such as purchase of raw materials, payment of wages and salaries, rent, electricity bills, etc. If the company has a good cash flow, it can take advantage of many opportunities such as getting cash discounts on purchases, large-scale purchasing, giving credit to customers, etc. A healthy cash flow improves the chances of survival and success of the company. 7. Survival of company : Survival is the most important objective of financial management.The company must survive in this competitive business world. The finance manager must be very careful while making financial decisions. One wrong decision can make the company sick, and it will close down. 8. Creating reserves : One of the objectives of financial management is to create reserves. The company must not distribute the full profit as a dividend to the shareholders. It must keep a part of it profit as reserves. Reserves can be used for future growth and expansion. It can also be used to face contingencies in the future. 9.Proper coordination : Financial management must try to have proper coordination between the finance department and other departments of the company . 10. Create goodwill : Financial management must try to create goodwill for the company. It must improve the image and reputation of the company. Goodwill helps the company to survive in the short-term and succeed in the long-term. It also helps the company during bad times. 11. Increase efficiency : Financial management also tries to increase the efficiency of all the departments of the company.Proper distribution of finance to all the departments will increase the efficiency of the entire company. 12. Financial discipline : Financial management also tries to create a financial discipline. Financial discipline means:- i. To invest finance only in productive areas. This will bring high returns (profits) to the company. ii. To avoid wastage and misuse of finance. 13. Reduce cost of capital : Financial management tries to reduce the cost of capital. That is, it tries to borrow money at a low rate of interest.The finance manager must plan the capital structure in such a way that the c ost of capital it minimised. 14. Reduce operating risks : Financial management also tries to reduce the operating risks. There are many risks and uncertainties in a business. The finance manager must take steps to reduce these risks. He must avoid high-risk projects. He must also take proper insurance. 15. Prepare capital structure : Financial management also prepares the capital structure. It decides the ratio between owned finance and borrowed finance. It brings a proper balance between the different sources of. apital. This balance is necessary for liquidity, economy, flexibility and stability. How are financial market and financial services regulated in India? In this context briefly examine the role of SEBI? Financial regulators in India have been obligated to inter alia undertake the development of the market. This has been expressively incorporated in the Securities and Exchange Board of India (Sebi) Act, Insurance Regulatory and Development Authority (Irda) Act, and is propo sed in the Pension Fund Regulatory and Development Authority Bill (PFRDA) since reintroduced in the Rajya Sabha.The Reserve Bank of India (RBI), until the constitution of sector regulators like Sebi, Irda, etc, undertook the responsibility of developing various segments of the financial market. Setting up of institutions like the Industrial Development Bank of India ( IDBI), Unit Trust of India (UTI), National Housing Bank (NHB) and National Bank for Agriculture and Rural Development ( Nabard) and so on, establishes historical track of the role played by the RBI in the development of the financial markets.At the conclusion of my presentation as Sebi chairman in one of the Neemrana Conferences; an annual event jointly organised by the National Council of Applied Economic Research (NCAER) and the National Bureau of Economic Research (NBER), US, Martin Feldstein, the then-chairman of NBER, asked me how could Indian capital market undergo so many fast-paced reforms (after the 2001 marke t scam), and was visibly surprised to hear that Sebi has been legislatively obligated to develop the market as well and eventually became the driver of development.Market and its constituents were persuaded, albeit compelled, to march along the route charted out by the regulator. Here, it might be worthwhile to reflect on the growth and development of the insurance, asset management and pension markets, which has been stagnating for the last three years. The market participants in all the sectors bemoan that the growth has been torpedoed by the fast-paced regulatory changes ushered in by the concerned regulators.The regulatory authorities, on the other hand, profess that the regulatory changes were warranted to protect the interest of the investors. It has also been argued, on occasions, that the environment and functioning of the market necessitated the changes to prevent possible scam and/or the market collapse. However, it appears significant part of the reform's inspiration has been drawn from the practices in the developed markets and even thelocalisation, albeit customisation, has not been woven in some of the areas.The questions that prominently surface are: (a) whether regulatory changes have helped or adversely impacted the growth and development of the market, and (b) whether investors' interests have actually been protected. Answers to these questions would require putting the ethos of the market in perspective. There is no gainsaying that financial illiteracy is rampant in the country. The malaise is not limited to rural and/or the illiterate masses. Low level of understanding of financial products and lack of self-propelled actualisation to buy is widespread even among the educated elite in metropolitan towns.Groping deeper in the basket of reforms reveals that sudden and drastic reduction or elimination of intermediation fees seems to have had lethal impact on the existence and sustainability of the intermediaries' structure — both tied an d third party. Some have gone out of business — the number of insurance agents has gone down by over three lakh during the last year alone — and quite a few others are on brink of disengagement. The imposition of the regulatory direction of customer paying the fees for the advice as against the age-old practice of being woven in the pricing could not be absorbed.This is just an example of what choked the growth of the mutual fund industry. Savings and disposable incomes are finding their way into the ‘gold rush' notwithstanding prices going through the roof. Investment in gold does not add to the growth of economy, as it is a locked investment and very little leveraging is done. It is well understood that the regulator has to architect a framework that ensures efficient functioning of the market and protects investors' interests. However, this has to be achieved without impacting the growth and development of the market, at least in medium-to-long term.Contractio n of growth in a developing economy has the potential of a double whammy. The economy does not get the required resources; impacting the GDP growth and rise in disposable incomes, culminating into deceleration of financial market with multiple cascading effects. The savers miss the opportunity of profiting from the potentials of the economy. In fact, it is customary in most developed markets to undertake a pre-study of the cost of regulatory changes with an evaluation of the benefits to judge the trade of between cost and benefits.The level of development of financial markets suggests that it is time for Indian regulators to begin the practice of undertaking such an exercise before embarking upon designing and implementing the new regulatory regime. At this point in time when the economy needs to grow at a level higher than 8. 5%, the growth of the financial sectors, which is critical, has to be ensured. It is an accepted dictum that securing an aspired rate of GDP growth requires r oughly four times that rate as investment. The financial services industry is the enabler.A revisit of the regulatory craft is imminently desirable. Explain role of SEBI in regulating Indian Capital Market more deeply with following points: 1. Power to make rules for controlling stock exchange : SEBI has power to make new rules for controlling stock exchange in India. For example, SEBI fixed the time of trading 9 AM and 5 PM in stock market. 2. To provide license to dealers and brokers : SEBI has power to provide license to dealers and brokers of capital market. If SEBI sees that any financial product is of capital nature, then SEBI can also control to that product and its dealers.One of main example is ULIPs case. SEBI said, † It is just like mutual funds and all banks and financial and insurance companies who want to issue it, must take permission from SEBI. † 3. To Stop fraud in Capital Market : SEBI has many powers for stopping fraud in capital market. – It ca n ban on the trading of those brokers who are involved in fraudulent and unfair trade practices relating to stock market. – It can impose the penalties on capital market intermediaries if they involve in insider trading. 4.To Control the Merge, Acquisition and Takeover the companies : Many big companies in India want to create monopoly in capital market. So, these companies buy all other companies or deal of merging. SEBI sees whether this merge or acquisition is for development of business or to harm capital market. 5. To audit the performance of stock market : SEBI uses his powers to audit the performance of different Indian stock exchange for bringing transparency in the working of stock exchanges. 6. To make new rules on carry – forward transactions : a.Share trading transactions carry forward can not exceed 25% of broker's total transactions. b. 90 day limit for carry forward. 7. To create relationship with ICAI : ICAI is the authority for making new auditors of c ompanies. SEBI creates good relationship with ICAI for bringing more transparency in the auditing work of company accounts because audited financial statements are mirror to see the real face of company and after this investors can decide to invest or not to invest. Moreover, investors of India can easily trust on audited financial reports.After Satyam Scam, SEBI is investigating with ICAI, whether CAs are doing their duty by ethical way or not. 8. Introduction of derivative contracts on Volatility Index : For reducing the risk of investors, SEBI has now been decided to permit Stock Exchanges to introduce derivative contracts on Volatility Index, subject to the condition that; a. The underlying Volatility Index has a track record of at least one year. b. The Exchange has in place the appropriate risk management framework for such derivative contracts. 2.Before introduction of such contracts, the Stock Exchanges shall submit the following: i. Contract specifications ii. Position and Exercise Limits iii. Margins iv. The economic purpose it is intended to serve v. Likely contribution to market development vi. The safeguards and the risk protection mechanism adopted by the exchange to ensure market integrity, protection of investors and smooth and orderly trading. vii. The infrastructure of the exchange and the surveillance system to effectively monitor trading in such contracts, and viii. Details of settlement procedures & systems ix.Details of back testing of the margin calculation for a period of one year considering a call and a put option on the underlying with a delta of 0. 25 & -0. 25 respectively and actual value of the underlying. 9. To Require report of Portfolio Management Activities : SEBI has also power to require report of portfolio management to check the capital market performance. Recently, SEBI sent the letter to all Registered Portfolio Managers of India for demanding 10. To educate the investors : Time to time, SEBI arranges scheduled workshops to educate the investors. On 22 may 2010 SEBI imposed workshop.

Prepartion of Primary Standard

Experiment 2 Preparation of Primary Standard solutions and Standardizing Acid and Base solutions Objectives: The objective of this experiment is: 1- To prepare two primary standard solutions, KHP and Na2CO3 2- To standardize a sodium hydroxide solution using the prepared primary standard KHP. 3- To standardize a hydrochloric acid solution using the prepared primary standard Na2CO3. 4- To calculate the concentration of an unknown acid or base. Introduction A primary standard is a standard that is accurate enough that it is not calibrated.For a compound to be considered as a primary standard it should have several important characteristics, the most important of which are high purity, stability, low hygroscopicity, high solubility, and high molar mass. A primary standard solution is a solution of known concentration made from a primary standard. Primary standard solutions are used in determining the concentrations of other solutions to an extremely high accuracy. They are typically use d in titrations and other analysis techniques as standardization solutions.A secondary standard solution, such as HCl solution, is a solution which must be standardized first against a primary standard, but afterwards, it will be stable enough for titrimetric work (Titration). Titration involves the gradual addition of a solution of accurately known concentration (standard solution) to another solution of unknown concentration (or vice versa), until the chemical reaction is complete. Titrations are based on reactions which go to completion rapidly. A reaction is complete when stoichiometric amounts of the reacting substances are combined.This is the stoichiometric point (equivalence point) in the titration. The equivalence point is detected visually using an indicator. An indicator is a substance (added at the beginning of the titration to the flask) that changes color at (or very near) the equivalence point. The point where the indicator actually changes color is called the end poi nt of the titration. In this experiment, two primary standards will be used. The first is potassium hydrogen phthalate (KHC8H4O4, abbreviated as KHP, molar mass = 204. 23 g/mol), an acid primary standard which will be used to standardize a sodium hydroxide solution.The structure of KHP is shown below: O COH CO K O The chemical equation of the reaction can be written as: KHP(aq) + NaOH(aq) ? Or, expressed as a net ionic equation, HP-(aq) + OH-(aq) ? P2-(aq) + H2O(l) The second primary standard to be used is sodium carbonate, Na2CO3 (molar mass = 105. 99), a base, by which a hydrochloric acid solution will be standardized. The chemical equation of the reaction is: 2HCl(aq) + Na2CO3(aq) > CO2 (g) + 2NaCl(aq) + H2O(aq) KNaP(aq) + H2O(l) The reaction above generates CO2, which dissolves into the solution to generate an acid.The presence of dissolved CO2 thus interferes with the pH and the detection of the end point of the titration. However, the CO2 can be driven off by boiling the solut ion, enabling an accurate titration. Procedure I. Standardization of NaOH a. Preparation of the acid primary standard 1. Obtain a bottle containing ~2g of KHP and weigh it with the cap on the analytical balance. Record the mass in Table 2. I. 2. Transfer the solid KHP to a 100. 0 mL volumetric flask using a funnel, re-stopper the bottle and weigh it. Record the mass in Table 2. I. 3.Rinse the funnel to wash any sticking solid using a washing bottle and add more distilled water into the volumetric flask to dissolve the KHP (1/2 its capacity). Swirl the flask; make sure to dissolve the solid completely. Add more water (2/3) and swirl again. Dilute to the mark carefully, stopper or cover with a parafilm paper and invert several times with swirling to homogenize the KHP solution. b. Preparation of an approximately 0. 1 M NaOH solution 1. Obtain about 6 mL of a 50 % (w/v) NaOH solution in a clean and dry graduated cylinder from the stockroom. Transfer the NaOH to a clean 1L polyethylene bottle.Fill the rest of the polyethylene bottle with double distilled water to the mark. Shake thoroughly to homogenize. 2. Rinse your buret, after washing it with distilled water, with few mL of the NaOH solution; allow some solution to flow out through the lower end. Fill the rinsed buret with NaOH, make sure that the tip is filled with no air bubbles. c. Standardization of NaOH 1. Pipet a 10. 00 mL aliquot of the primary standard KHP solution into a 125 mL Erlenmeyer flask. Add 25 mL of distilled water and two drops of phenolphthalein indicator. Record the buret reading (use a white card as background to facilitate reading the buret).Put a white tile or paper below the Erlenmeyer flask and start titrating by adding NaOH continuously and with constant swirling of the flask. A pink color appears locally and disappears on swirling; continue titration till a faint pink color persists. Take the lower reading of the buret. The first titration is usually a rapid one. 2. Repeat the titra tion slowly three more times. Record data in Table 2. II. 3. Calculate the average molarity. II. Standardization of HCl a. Preparation of the base primary standard 1. Obtain a bottle containing ~1g of dry Na2CO3 and weigh it with the cap on the analytical balance.Record the mass in Table 2. III. 2. Transfer the solid Na2CO3 to a 100 mL volumetric flask using a funnel, re-stopper the bottle and weigh it. Record the mass in Table 2. III. 3. Rinse the funnel to wash any sticking solid using a washing bottle and add more distilled water into the volumetric flask to dissolve the Na2CO3 (1/2 its capacity). Swirl the flask; make sure to dissolve the solid completely. Add more water (2/3) and swirl again. Dilute to the mark carefully, stopper or cover with a parafilm paper and invert several times with swirling to homogenize the solution. b.Standardization of HCl 1. Get around 200 mL of HCl solution using a beaker and cover with a watch glass. 2. Rinse your buret, after washing it with dist illed water, with few mL of the HCl solution; allow some solution to flow out through the lower end. Fill the rinsed buret with HCl, make sure that the tip is filled with no air bubbles. 3. Pipet a 10. 00 mL aliquot of the primary standard Na2CO3 solution into a 125 mL Erlenmeyer flask. Add 25 mL of distilled water and two drops of bromocresol green indicator. Record the buret reading (use a white card as background to facilitate reading the buret).Put a white tile below the Erlenmeyer flask and start titrating by adding HCl continuously and with constant swirling of the flask until a change of color from blue to faint green. Boil the solution to expel CO2. The color should return to blue. Carefully add HCl from the buret until the solution turns green again and report the volume of acid at this point. Keep the solution as reference for color for the other titrations. 4. Repeat the titration slowly three more times. Record data in Table 2. IV. c. Titration of blank 1. Add to a 125 m L Erlenmeyer flask 50 mL of distilled water and two drops of bromocresol green ndicator. Titrate with your HCl solution to faint green. Subtract the volume of HCl needed for the blank from that required to titrate Na2CO3. 2. Calculate the mean HCl molarity. III. Determining the concentration of an unknown a. Qualitative identification of the unknown 1. Obtain an unknown from the stockroom and record its number in the report. Add two drops of the phenolphthalein indicator. 2. Identify if it is an acidic or a basic unknown. Record your observation. b. Titration of the acidity in an unknown acid solution 1. Fill your burette with either HCl or NaOH according to your observation in the previous part. . Pipet a 25 mL aliquot of the unknown solution into a 125 mL Erlenmeyer flask. Add two drops of the needed indicator (either phenolphthalein or bromocresol green). Record the buret reading (use a white card as background to facilitate reading the buret). Put a white tile or paper below the Erlenmeyer flask and start titrating by adding HCl or NaOH continuously and with constant swirling of the flask until a change of color according to the indicator being used. Record the lower reading of the buret. (Note: if your unknown is a base, remember to boil the solution as in part II. before proceeding with the titration to the end) 3. Repeat the titration slowly three more times. Record data in Table 2. V. Reference: Harris, Quantitative Chemical Analysis, 7th Ed. Student Name______________ Student ID #_______________ Experiment 2 Date_____________ Section___________ Preparation of Primary Standard solutions and Standardizing Acid and Base solutions Purpose: Data and calculation: I. Standardization of NaOH Table 2. I: Preparation of the acid primary standard Mass of vial + cap + KHP Mass of vial (empty)+ cap Mass of KHP Volume of solution M KHP = ___________________ Table 2.II: Standardization of the NaOH Solution Trial 1 2 3 Upper buret reading (mL) Lower buret reading (mL ) Volume of NaOH (mL) Volume of KHP aliquot =________________________ V NaOH = ____________________________________ ______________________________ M NaOH (average) = II. Standardization of HCl Table 2. III : Preparation of the base primary standard Mass of vial + cap + Na2CO3 Mass of vial (empty)+ cap Mass of Na2CO3 Volume of solution M Na2CO3 = ___________________ Table 2. IV: Standardization of the HCl Solution Trial 1 2 3 Upper buret reading (mL) Lower buret reading (mL) Volume of HCl (mL) Volume of HCl for blank (mL)Volume of Na2CO3 aliquot =_________________ V HCl = ___________________________________ M HCl (average)= ____________________________ III. Determining the concentration of an unknown Unknown # = Unknown identity = Volume of unknown (aliquot) = Table 2. V: Determination of the Concentration of an Unknown Trial 1 2 3 Upper buret reading (mL) Lower buret reading (mL) Volume of HCl or NaOH (mL) Volume for blank (mL) V standard (average) = _______________________ M unknow n (average) = _____________________________

Argumentative Essay

I believe the novel is a far superior experience In comparison to the movie. The Outsiders gives you a better insight Into the characters thoughts and feelings. As the reader, you also gain knowledge through foreshadowing and flashbacks, which Is not hinted In the movie. In addition to the written literary elements, the novel Is described In great detail and gives you a deeper understanding of It. One major advantage of reading a novel rather than watching a movie Is that you get a much better view of how each character feels and their thoughts.For example, In the novel, The Outsiders, the narrator gives readers tremendous Insight Into pony's emotions, feelings, and thoughts. You understand his great fear of the Soc and why Johnny always carries a switchblade with him for protection. The reader learns how Pony feels about the gang and why he believes he is different from the rest. During the time Johnny and Pony are at the church, you also experience the emotions they both go through over Bob's death. When Dally and Johnny die you know exactly how Pony feels, creating a feeling of sympathy towards him.In addition to gaining a better perspective of the characters, the reader gains the effects of foreshadowing and flashbacks as well. The author foreshadows Dally death in the novel, hinting that he does not care if he dies, because Johnny was one of the few people he truly cared about. Flashbacks are also key points in the novel, The Outsiders. In the beginning, the flashback about how badly Johnny was beaten by the Soc explains why he fears them so much. Johnny also threatens to kill anyone who tries to jump him again, foreshadowing Bob Sheldon death.Other minor leasebacks, like Pony telling Cherry about Stopgap's horse Mackey Mouse, are not as important but gives you knowledge about the characters, one thing you do not see in the movie. Perhaps the most important factor is that the novel is much more descriptive than the movie. At the beginning of the novel ther e are very detailed descriptions of each character giving you a vivid idea of what they look like but also giving you the freedom to imagine them how you want. The novel also gives your Imagination control of how you think things should look like, whereas the movie does not.The efferent settings for The Outsiders are always explained In great detail helping you to picture the settings better. The author's descriptions give you Insight Into how they believed each character should look and what the settings are like, allowing you to picture exactly what the author was Imagining when they wrote the novel. In conclusion, I believe the novel, The Outsiders, Is much better than watching the movie. With the novel you understand the character's thoughts and how they feel and you learn even more about each character through literary elements and the author's descriptive writing.I believe the novel is a far superior experience in comparison to the movie. The Outsiders gives you a better insig ht into the characters thoughts and feelings. As the reader, you also gain knowledge through foreshadowing and flashbacks, which is not hinted in the movie. In addition to the written literary elements, the novel is described in great detail and gives you a deeper understanding of it. One major advantage of reading a novel rather than watching a movie is that you in the novel, The Outsiders, the narrator gives readers tremendous insight into Pony's emotions, feelings, and thoughts.You understand his great fear of the Soc effects of foreshadowing and flashbacks as well. The author foreshadows Dally who tries to Jump him again, foreshadowing Bob Sheldon death. Other minor freedom to imagine them how you want. The novel also gives your imagination different settings for The Outsiders are always explained in great detail helping you to picture the settings better. The author's descriptions give you insight into how they picture exactly what the author was imagining when they wrote the n ovel. In conclusion, I believe the novel. Argumentative Essay Arts The United States, as a whole, depends immensely on the development of arts programs, big or small. Americans need the sense of culture and social gathering, and what could possibly be better to do on a Friday night than hear the local orchestra play or catch the next town over's middle school production of The Wizard of Oz?The funding of arts departments In schools, colleges, and universities Is absolutely imperative to the united States in more than one way: the arts condone a universal language spoken and understood by all, help US citizens to develop and define culture, and provide a necessary outlet to every age group across the country. First of all, the arts foster a universal language that no other program or department of study can compete with.Van Sago's Starry Night Is Just as meaningful in Venice, Italy as it Is In Tokyo, Japan; each part of the arts has the ability astound and create beauty anywhere and everywhere despite language, race, nationality, gender, and edu cation. A common argument for the funding of the arts is that the arts are a â€Å"public good† and provide service that simply exists and shouldn't have to be paid for. While sometimes the arts don't offer this service themselves, they offer social services that do.This long-used argument complements â€Å"the Idea that the arts benefited those beyond their direct consumers through the channels of national prestige, heritage preservation. And education† (Saunders 594). The prominence of the arts all over the world is a justifiable reason for giving every last person a basic knowledge and understanding of the arts. Defending arts departments across America is not the right way to go about doing this.Funding the arts' should be radically important to Americans due to the effect the arts programs and their participants have on the American culture. While culture seems travail to many, Its' development actually has a vast and underrepresented direct effect on the nation's pride. Questioned pride only leads to problematic questioning of loyalty, terrorism, and patriotism, and those are issues no country wants to deal with.Obviously, in no way does funding of the arts directly affect one's loyalty to their country, but the development of a country's culture does usually help to prevent a lack of patriotism In G' citizens. In an Interview with Bill Vive, the chairman of the National Endowment for the Arts, Vive states that he â€Å"thinks that a federal agency has to connect with the complexity of the society It serves†¦ Some of that complexity is multiplicity of cultural traditions† (â€Å"The Populist Promise†). Finally, the arts are a creative outlet for a multitude of people, young and old, across America.For example, a young boy experiencing abuse at home can let out all is frustrations with a paintbrush, or an aging teacher struggling to keep a Job may find stress relief in the violin's sweet sound, but either way, frustration, stress, confusion, and discomfort are all exposed and abandoned In the light of these and high school (where students can choose) art classes, bands, and choirs, kids become exposed to this outlet, and while not all of them find the arts suitable, many do. â€Å"Studies have shown that 90 percent or more of secondary schools offer instruction in music or the visual arts.The fact that about half (or slightly less) of the dents choose to take such courses is a measure of how students gauge their interests† (Goldman). Even struggling, stressed adults can find peace in a bar of Mozart or be on the edge of their seat to a Rachmaninoff prelude. Therefore, it is a most essential outlet to society. â€Å"While no one questions the innate value of being able to paint a pleasing picture, play an instrument or sing, it is also true that being unable to read, write or do math is more likely to lead to low- skilled labor, unemployment and consequent poverty' (Goldman).It's true that whe n it comes to acquiring a well-paying, reasonable Job in society, it's more logical for a student to understand basics like reading, writing, and mathematics. The important thing to note here is that it is not a question of either, or. It is a question of balancing and balancing evenly so that each student has the opportunities they need to succeed. In Barbara Standard's 1995 Harvard University speech, she says, â€Å"The far right is waging a war for the soul of America by making art a partisan issue and by trying to cut these arts orgasm,which bring culture, education, and Joy into the lives of ordinary Americans.They are hurting the very people they claim to represent† (Brooks). She says this because the arts are much, much more than a political issue that surfaces once or twice every so many years. Its the backbone of culture around the world, its the universal language that is naturally understood, and it its the outlet of the everyday citizen. There is no program more i nfluential to our society than the arts, and how America funds this program should directly reflect that. Argumentative essay Companies should reduce working hours for their employees, because It can bring benefits. Such as, Increase labor productivity, solving social and environmental problems, and making people's life happier and healthier. Supporting details: 1 . Reducing work hours can create productivity. Workers or employees can be more focus on their task or business without wasting time, and higher efficiency of production could create more profits for companies. 2. Reduction of working ours might trend to reduce absences and sick notes, so that it could save social spending.In addition, people who are employed can be more flexible on arrange their transportation, instead of driving, they will more likely tend to use echo-friendly transportations, like bicycle, walking by foots. 3. People can spend more time with their family or their hobbies, which can reduce the risk of getting psychological problem. And smaller working hours also reduce the Industrial disease. Introduction. Do you usually feel di zzy. No concentration and unable to work at the last hour before oh get off work? Are you bored by having a long time working day without doing anything? I guess most of people will answer yes'.Even though, the land founder of America had envisioned that people can have a lot of time to do what they want and many people followed up to maintain it. You must admit that today there are more and more people's life are occupied by endless working and it trend to be normal. However, things are not unchangeable, a recent discover discloses that less work hours can Increase productivity when hold salary constant, and people have started o experiment this theory in some counties. It means the endless work perhaps will be terminated In the future. According to Atonal Rasher who works for telegraph. O. UK, said that a Swedish city Is testing a new policy In order to Increase productivity and reduce social spending by cutting down the work hours from 8 to 6 per a day. Base on their arrangement, a tested group which is hundreds of civilians who work in a compass department work 6 hours per day versus an observational group that is other employees who still maintain 8 work hours daily. Then, the searcher will compare and analyze result of two groups after a certain period. Anna Coot, head of Social policy, has been full of confidence that this experiment will be as successful as they expect.However, the local opposite party are not buying it, they claim that it's Just a poor technique that governing party are trying to win support from workers before election. In addition, they point out there is other Swedish city Koruna, and Its district council are used to be testing six hour work day within a group of people who work In a government department, but this experiment re failed and cancelled In 2005, because they found It not make any situation better that before, conversely, people form other department become jealous of them. Introversion topic. Even though, there are som e researches show that less work hour results higher productivity, it's not always true. In my opinion, I believe that reducing work hour for employees is beneficial for our society. For example, increasing labor productivity, solving social and environmental problems, and making people's life happier and healthier. Body paragraph 1 James Coursework, who are the Journalist of New York Time, claimed that long time working can diminish labor marginal production in both quantity and quality.In factory, longtime work will increase the chance of errors and dangerous; equally, for people who are working in the office, longer work hour make them exhausted and they will have bad performance on their Job. According to Alexandra Michel, a former Goldman Cash. Overworked people cannot doing their Job nicely and quickly, and if they are keeping overwork, they will become even worse and slower.In addition, overworked people usually suffer from depression, aspiration, and sickness, and their abil ities of creativity and assessment are declined. I think those claims are accurately pointed the harm of overwork, as all we know each human has a biological limitation. If we exceed this boundary to work by consuming extra biological energy, the loss will be much more than earn. That is the reason why some of my classmates who give up the time to sleep and study overnight before taking exam do not receive highest grade in the class. Argumentative Essay SULA This essay is a compare and contrast of the character’s Sula and Nel from the novel ‘‘Sula’’ by Toni Morrison. Throughout the progression of the novel, Nel and Sula complement each other in    ways that allows them to form a single functional unit friendship. The symbiotic nature between Sula and Nel began during their childhood years. Sula depended upon Nel for sturdiness and comfort, while Nel preferred the unpredictable nature of her sula. They used the other's lifestyle to compensate for their shortcomings by placing themselves in the other's surroundings.When Sula visited Nel's home, Nel, who loved the oppressive neatness with dread, felt comfortable in it, with Sula. In the same way, Sula found comfort within the walls of the Wright’s home. They took solace in each other's presence. Each one found comfort in what the other finds bothersome. Sula dislikes her disheveled house, and wishes that she could live in the clean house of Nel 's. Nel likes the homeliness of Sula's house. As their relationship progressed, they began to act as an individual, or a symbiotic relationship where associations are peaceful cooperation’s between two entirely different types of organisms.Dependent describes the friend's relationship, because they depended on each other for everything. Sula and Nel's friendship, was as intense as it was sudden. They found relief in each other's personality, because they find their comfort in each other's environment. When Sula accidentally killed the boy named Chicken Little by throwing him into a river, Nel stuck by Sula. They both took responsibility for the accident, even though Sula was the only participant. At Chicken Little's funeral, Sula and Nel held hands and knew that only the coffin would lie in the earth; the bubbly laughter would stay aboveground with them forever.Their relationship up to this point, is a coexistence of happiness with each other. The Unhealthy Relationship of Su la and Nel  is that they rely on one another for their well being. However, sometimes those organisms become greedy and decide to take in the relationship, instead of sharing with their symbiotic partner. Through this action, it takes on parasitic characteristics. In  Toni Morrison's work,  Sula, Sula Peace and Nel Wright demonstrate how a symbiotic  relationship goes awry. When one partner betrays the other, by taking instead of giving, the other partner suffers.Nel and Sula's relationship suffers because Sula unfortunately takes actions that lead to partaking in a parasitic relationship where she begins to wither away. Nel refuses the parasitic lifestyle and relationship, which causes Sula to wither away. In the midst of her death, Sula finally realizes that she needs the symbiotic relationship with Nel to survive. The interactions between Sula and Nel began symbiotically; however, it develops into a parasitic one with the dependence of Sula on Nel. Argumentative Essay EJ Barr Mrs. Rhonda Crombie English 1101 12-11-12 Why Cigarette Smoking Should Be Banned The idea of cigarettes being banned has been an ongoing topic for the past thirty years. Many people believe that smoking cigarettes is a disgusting and dangerous habit and that it should be made illegal, and I am one of those people. Smoking is dangerous to a person's health, people around them, and also to their pockets. Cigarette smoking is very unattractive and unhealthy to other people.Smokers create unpleasant smells to themselves and everything they own. Smoking also dulls and ages a smoker's appearance by creating premature wrinkles, yellow teeth, bad breath, yellow fingernails, and the annoying â€Å"smoker’s cough†. Also, there is concern today about passive smoking. Recent research has shown that non-smokers can suffer health problems if they spend long periods of time among people who do smoke. Cigarette smoking is, obviously, a dangerous habit that can kill you.Smoking creates many harmful diseases such as lung cancer, emphysema, heart cancer, and many more deadly diseases. The 2,000 known poisons in cigarettes, such as tar, carbon, and rat poison, are the contributors to the many diseases a smoker attains. Also, cigarette smoking is extremely addictive. Nicotine, the chemical in cigarettes that make them so addictive, is a colorless, odorless oily substance that occurs naturally in nature. It is proven that nicotine damages your brain right after the first time a person smokes because of the receptors in it.Not only does it damage the brain, it can potentially damage a person's whole life. A person can face cancer, a deathly disease just becuase they are addicted to a cigarette, which is such a crazy concept to me. While being harmful to themselves, smoker's run a risk of harming others around them while they smoke. Second hand smoke victims are just as vunerable to many of these diseases as the smoker themselves. The United States Environmental Protection Agency has found that tobacco smoke contains 7,000 chemical compounds.More than 250 of those are known to be harmful, and of those, at least 69 of those are known to cause cancer. (2) There is also evidence that second hand smoke may be linked to childhood leukemia, and cancer of the larynx, pharynx, brain, bladder, rectum, and stomach. Second hand smoking is neither fair nor healthy for any of the parties involved. If smokers have the choice to slowly kill themselves, then the people around them that are affected should have a choice whether or not they breathe in someone else's smoke.Cigarette smoking is also very expensive to the smoker and their family. A pack of twenty-five cigarettes averages around four dollars. (1) If a smoker smokes a pack per day he or she will spend around 1,500 dollars per year, and roughly 15,000 dollars every ten years. With that kind of money, a smoker could almost have enough to buy themselves a new car! Also, a smoker is more likely to ca tch colds, the flu, and other respiratory infections. That means more trips to the doctor and more money spent.In conclusion, cigarette smoking helps no one, does not add to our society in any positive way, and it slowly kills people. Cigarettes also cause discomfort for people who have to be around it, and it can be harmful to the health of those who are not even smoking at all. Because of all these reasons, I believe that smoking cigarettes should be made illegal. Everything about this past time is harmful and has no use. Cigarettes should be put down by everyone in our nation, and better lifestyles and past times should be picked up. Argumentative Essay Our Generation Has Become Overly Dependent On Technology With the creation of technology, I’m beginning to wonder if it’s a good or bad idea to be so dependent on technology. People are on their cell phones, ipads, tablets or computers constantly. People are so obsessed with their phones that they even text someone in the same room. Do people need to be entertained every hour of the day? For some, technology is very addictive. They have to run out and purchase the latest gadget as soon as it comes out.I hardly see anyone read a book these days; they listen to audio books or read books online. Before technology, people actually wrote each other and met in person. Now they talk via Skype, Facetime or text messages. We have become a society handicapped by technology. Like so many people, I don’t know very many people’s numbers by heart anymore because we rely on our contact list on our cell phones. Lord forbid we lose our cells; we would be lost. There is no escape from technology, unless one lives under a rock.We check our phones for missed calls and messages consistently. We check emails, twitter and facebook to make sure we haven’t missed the latest status updates. By the middle of the day, we have already been exposed to multiple forms of technology. The sixties generation where I come from just can't help but wonder, have we gone too far? I don't mean, have we gone too far with the development of technology. It's very beneficial to advance technologically as a nation. Even I realize that.But I think we've gone too far in allowing our children to depend on computers and other devices to do their work and research for them. Many children and young adults depend on the Internet to figure out answers on their homework or just daily questions about life. The internet is a great source for information, but taking the easy route too often can result in bad habits. People don't go to the library to do research anymore, they simply u se Google. Many people can't even do basic math without a calculator.We have already become too reliant on  technology. Also, with social media sites such as Facebook or Twitter,  cyberbullying has become a reoccurring issue that is becoming much harder to end. We shouldn't let kids get too accustomed to using technology to solve their problems. It takes away their creativity. One can pretty much find anything on the Internet these days. Even parents will go on the Internet to search recipes or new ways in decorating a house or many other things.Some parents are even relying heavily on television and video-games to entertain their children so they don’t have to. I call this the lazy parent way of parenting. If we have a major black-out or world crisis, it will be interesting to see how people survive without technology. No one will be able to do anything for themselves because they have been relying on technology for so long. I hope everyone considers how much time techno logy has consumed their life, and take at least 10% of that time and spend it on someone or something important that can benefit them and others. Argumentative Essay SULA This essay is a compare and contrast of the character’s Sula and Nel from the novel ‘‘Sula’’ by Toni Morrison. Throughout the progression of the novel, Nel and Sula complement each other in    ways that allows them to form a single functional unit friendship. The symbiotic nature between Sula and Nel began during their childhood years. Sula depended upon Nel for sturdiness and comfort, while Nel preferred the unpredictable nature of her sula. They used the other's lifestyle to compensate for their shortcomings by placing themselves in the other's surroundings.When Sula visited Nel's home, Nel, who loved the oppressive neatness with dread, felt comfortable in it, with Sula. In the same way, Sula found comfort within the walls of the Wright’s home. They took solace in each other's presence. Each one found comfort in what the other finds bothersome. Sula dislikes her disheveled house, and wishes that she could live in the clean house of Nel 's. Nel likes the homeliness of Sula's house. As their relationship progressed, they began to act as an individual, or a symbiotic relationship where associations are peaceful cooperation’s between two entirely different types of organisms.Dependent describes the friend's relationship, because they depended on each other for everything. Sula and Nel's friendship, was as intense as it was sudden. They found relief in each other's personality, because they find their comfort in each other's environment. When Sula accidentally killed the boy named Chicken Little by throwing him into a river, Nel stuck by Sula. They both took responsibility for the accident, even though Sula was the only participant. At Chicken Little's funeral, Sula and Nel held hands and knew that only the coffin would lie in the earth; the bubbly laughter would stay aboveground with them forever.Their relationship up to this point, is a coexistence of happiness with each other. The Unhealthy Relationship of Su la and Nel  is that they rely on one another for their well being. However, sometimes those organisms become greedy and decide to take in the relationship, instead of sharing with their symbiotic partner. Through this action, it takes on parasitic characteristics. In  Toni Morrison's work,  Sula, Sula Peace and Nel Wright demonstrate how a symbiotic  relationship goes awry. When one partner betrays the other, by taking instead of giving, the other partner suffers.Nel and Sula's relationship suffers because Sula unfortunately takes actions that lead to partaking in a parasitic relationship where she begins to wither away. Nel refuses the parasitic lifestyle and relationship, which causes Sula to wither away. In the midst of her death, Sula finally realizes that she needs the symbiotic relationship with Nel to survive. The interactions between Sula and Nel began symbiotically; however, it develops into a parasitic one with the dependence of Sula on Nel. Argumentative Essay SULA This essay is a compare and contrast of the character’s Sula and Nel from the novel ‘‘Sula’’ by Toni Morrison. Throughout the progression of the novel, Nel and Sula complement each other in    ways that allows them to form a single functional unit friendship. The symbiotic nature between Sula and Nel began during their childhood years. Sula depended upon Nel for sturdiness and comfort, while Nel preferred the unpredictable nature of her sula. They used the other's lifestyle to compensate for their shortcomings by placing themselves in the other's surroundings.When Sula visited Nel's home, Nel, who loved the oppressive neatness with dread, felt comfortable in it, with Sula. In the same way, Sula found comfort within the walls of the Wright’s home. They took solace in each other's presence. Each one found comfort in what the other finds bothersome. Sula dislikes her disheveled house, and wishes that she could live in the clean house of Nel 's. Nel likes the homeliness of Sula's house. As their relationship progressed, they began to act as an individual, or a symbiotic relationship where associations are peaceful cooperation’s between two entirely different types of organisms.Dependent describes the friend's relationship, because they depended on each other for everything. Sula and Nel's friendship, was as intense as it was sudden. They found relief in each other's personality, because they find their comfort in each other's environment. When Sula accidentally killed the boy named Chicken Little by throwing him into a river, Nel stuck by Sula. They both took responsibility for the accident, even though Sula was the only participant. At Chicken Little's funeral, Sula and Nel held hands and knew that only the coffin would lie in the earth; the bubbly laughter would stay aboveground with them forever.Their relationship up to this point, is a coexistence of happiness with each other. The Unhealthy Relationship of Su la and Nel  is that they rely on one another for their well being. However, sometimes those organisms become greedy and decide to take in the relationship, instead of sharing with their symbiotic partner. Through this action, it takes on parasitic characteristics. In  Toni Morrison's work,  Sula, Sula Peace and Nel Wright demonstrate how a symbiotic  relationship goes awry. When one partner betrays the other, by taking instead of giving, the other partner suffers.Nel and Sula's relationship suffers because Sula unfortunately takes actions that lead to partaking in a parasitic relationship where she begins to wither away. Nel refuses the parasitic lifestyle and relationship, which causes Sula to wither away. In the midst of her death, Sula finally realizes that she needs the symbiotic relationship with Nel to survive. The interactions between Sula and Nel began symbiotically; however, it develops into a parasitic one with the dependence of Sula on Nel.