Why Everyone Is Mistaken About The Great Gatsby Essay Topics Sparknotes and Why You Must View This Article Immediately

Why Everyone Is Mistaken About The Great Gatsby Essay Topics Sparknotes and Why You Must View This Article Immediately Even much better is the circumstance whereby the superb story is all about an outstanding ideal that's held dear amongst a larger part of the general public. This section will enable you to determine the reason why this composition is such a valuable bit of American literature and the way it's unique among other novels of that moment. Therefore, it's ok to receive a bit personal here and convey your viewpoint. Additional the AP English Literature test always features an essay question that has you analyze some component of a book and compare it to the topic of the work for a whole. If however, you think the endeavor is a little too much for, there isn't any shame in contacting the professionals. 1 approach to resolve this is via the usage of a research paper. This will cause trouble. Nevertheless, your students might struggle with comprehension if they don't understand the social and historical background of the period of time. This seemingly straightforward detail is vital. One other important symbol is the sign of time. If you have to write about the critical symbols in The Great Gatsby, have a look at our symbols overview for an entire guide. Don't hesitate to use it like an example and as an inspiration resource! The Key to Successful the Great Gatsby Essay Topics Sparknotes Gatsby becomes corrupted because his primary purpose is to have Daisy. The odds are extremely great that you should compose a paper on The Great Gatsby. Thus, let's take a glance at a number of of the The Great Gatsby essay prompts you might discover impressive. He's a bootlegger, and it has committed crimes during Prohibition so that he could afford to purchase this home. Gatsby's extravagant way of life and wild parties are simply an effort to impress Daisy. A day after the car crash, George murders Gatsby in his pool. Facts, Fiction and the Great Gatsby Essay Topics Sparknotes Good rating and excellent reviews should tell you whatever you will need to understand about this excellent writing service. Perhaps, at this point you understand the category to place it in. There's so much details about this subject, you can design subtopics in accordance with your class requirements. Some of the main figures in your list needs to be your audience. Even the weather matches the stream of the plot. Well, that empty feeling is essentially the whole point. He was silent for a minute. There are lots of facets of this novel which have been commented on. The movie doesn't know whether it's looking or taking part, and as soon as it does look, it does not understand what to concentrate on. Explore the remainder of Chapter 9 to observe the way the novel leads up to its conclusion. The full novel is stuffed with foils. Once Tom returns, both lovers don't understand how to carry themselves to be able to hide the affair, and Daisy nervously suggests they go in the City, making the error of saying that Gatsby looks cool. Nick would like to be sure that Gatsby is all right. Gatsby tells Nick that he'll choose the blame to be able to save Daisy. He says that he has been waiting there in order to make sure that Tom did not hurt Daisy. Introducing the Great Gatsby Essay Topics Sparknotes The baby must be a gorgeous fool so as to be happy and successful. She has a kid, who doesn't appear important to her at all. The kid is never around, which shows a great deal about Daisy. The only means to live the American dream is via hard work. Another very important fact is that nobody really knows anything explicit concerning the host. In addition, it talks a great deal about social status. To begin with, there's not much to continue. We'll also link to our specified articles on each and every theme so you may learn even more in-depth about themes central toGatsby. Gatsby's story occurs in the years leading to the stock exchange crash. Gatsby showers Daisy with his collection of exquisite shirts in a display that's at the exact same time self-congratulation in addition to a submissive plea. Talk about the dominant musical kinds of the 1920s.

Censorship and Hollywood Blacklist - 3497 Words

Over the course of the 1950s, a frantic and reactionary fear of Communism permeated the American consciousness, touching nearly every aspect of American life. This fear was evident nowhere more visibly than the entertainment industry, which found itself the object of attacks from Congress, the public, and even the regulatory agency of Hollywood itself. These attacks resulted in a blacklist of writers, directors, and actors accused of being Communist sympathizers, and almost everyone on the blacklist was unable to find work as a result. However, the Hollywood blacklist was not an unusual idea, and by examining the history of the blacklist with an eye towards Hollywood censorship more generally, it becomes clear that the blacklist was barely the latest in a long line of production companies and regulators agreeing to the tough demands of the public. This trend points toward more of the same kind of censorship and coercion in the future, because Hollywood studios are facing many of the same economic difficulties that encouraged them to gleefully participate in the blacklisting the first time around. Before examining the Hollywood blacklist in more detail, it will necessary to provide some historical context regarding the historical censorship of the entertainment industry and the anti-communist furor of the mid-twentieth century. To begin, one must go all the way back to 1930, with the establishment of the Motion Picture Association of Americas (MPAA) censorship code, whichShow MoreRelatedCensorship Through Mccarthyism And Blacklisting In Hollywood1562 Words   |  7 PagesCensorship through McCarthyism and Blacklisting in Hollywood One s surroundings ultimately impact their thought process and decisions. In order to spread ideas, people often look to the media. However, individuals ideas can only spread as long as freedom of expression is present and the element of fear is not. When individuals do not have this freedom or they have a fear of sharing their opinions, they filter or censor their work. The idea of censorship is a prominent element of today’s societyRead MoreThe American Government s Involvements And Influences On The Internet1619 Words   |  7 Pagesstarted developing because of some domestic factors. Later, Chinese government changed its attitudes and behaviors. The Internet began developing so fast and played more and more important roles in both countries, but with many problems, Internet censorship is one of the most important problem has to be solved. Content: Nowadays, Internet becomes a very important tool in people’s daily life. It makes people’s lives be much easier, and connect the world together. However, in fact the Internet startedRead MoreEssay about Should Adult Content Music Be Removed from the Shelves?606 Words   |  3 Pagesand also a major conflict of interest to head or preside as a member of any committee that your wife or any family member or friend is involved. The Senate committee hearings and the PMRC acted much like the 1950’s McCarthy Hearings and the Hollywood blacklist. The only reason that the PMRC was able to obtain Senate hearing status is, as Frank Zappa stated, because they were Big Brothers wives. Had the PMRC been started by the average citizen or local PTA mom, they would have been laughed out of WashingtonRead MoreAmerican Culture Between The 1920 S2083 Words   |  9 Pagesthrough 1960’s by becoming an increasingly popular form of leisure for years to come while causing scandals, riots, and movements about films or about the idea of films in general by displaying issues in society such as racism, forming a need for censorship laws. Films have also provided a fantasy world for their audiences by showing a film about someone in their perfect life using ethical values such as wealth and love, making the viewer want to be them and change their own ways as well as films thatRead MorePropaganda During The 20th Cent ury And The Onset Of World War1741 Words   |  7 Pagesmessage’ was spread through the work of newly created government organizations, primarily the Committee on Public Information (CPI). The CPI was directed by George Creel, a man chosen for the position by President Wilson because although he was against censorship, Creel vehemently opposed the publication of anything he considered enemy propaganda liable to turn American citizens against the war effort. Interestingly, Creel also saw WWI as an opportunity to create â€Å"a publicity proposition, a vast enterpriseRead MoreEli Brown. Mrs.Bartram. Hist:1014: 0006. 3/24/2017.1992 Words   |  8 PagesActivities Committee). As Tony Shaw and Denise J Youngblood, authors of, Cinematic Cold War: The American and Soviet Struggle for Hearts and Minds, described, â€Å"The climate of fear induced by the blacklist put an immediate end to hopes of some in the film industry during the Second World War that Hollywood would shift to t he liberal left.† Because of this fear of being blacklisted filmmakers who wanted to continue their careers needed to make sure that their work promoted American ideals. These idealsRead MoreAgriculture Bangladesh2732 Words   |  11 PagesMost Resilient Copyright Infringer? he Pirate Bay (TPB), a Swedish Web site (Piratebay.org), is one of the worlds most popular pirated music and content sites, offering free access to millions of copyrighted songs and thousands of copyrighted Hollywood movies. In June 2011, The Pirate Bay reported that it h ad about 5 million registered users, and 25 million non-registered users (so-called free riders). To put that number in p erspective, consider that it is nearly three times the populationRead MoreThe Culture of the Cold War Essay3260 Words   |  14 Pagesimpossible to pin down, and anything at all that could be seen as remotely positive for it brought about swift and usually merciless persecution. Whitfeild feels that the American culture at this time because of these facts became â€Å"politicized†. Censorship and boycotting ran rampant through the streets of America condemning almost everything the least bit suspicious. This wasn’t enough to keep our country safe from the read monster so FBI starte d compiling huge dossiers and files on those who tookRead MoreMarketing and E-commerce Business65852 Words   |  264 Pagesdisplay advertising. †¢ E-books take off and expand the market for text, supported by the iPad, Kindle, Nook, and iPhone. †¢ Streaming of popular TV shows and movies (Netflix, Amazon, and Hulu.com) becomes a reality, as Internet distributors and Hollywood and TV producers strike deals for Web distribution that also protects intellectual property.  Preface v  †¢ â€Å"Free† and â€Å"freemium† business models compete to support digital content. †¢ New mobile payment platforms emerge to challenge

Effects of Computer Games to students study habit free essay sample

Youth of the present time grew up with the presence and proliferation of various online PC games in the country. Aside from its entertainment value, PC games affect the students habit where students currently affect their academic performance. At present times, people are highly engaged in internet and this includes computer games. Computer games are video games played on a general purpose personal computer rather than a dedicated video game console ar arcade machine. Their defining characteristics include a lack of any centralized controlling authority and greater capacity in input, processing and output. PC games reached widespread popularity following the video game crash of 1983, particularly in Europe, leading to the era of the bedroom coder. From the mid-90s onward they lost mass-market traction to console games before enjoying resurgence in the mid-2000s through digital distribution. The uncoordinated nature of the PC game market and its lack of physical media make precisely assessing its size difficult. We will write a custom essay sample on Effects of Computer Games to students study habit or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page As computer games become more popular at home and in schools, parents and educators are concerned about the possible effects on young students. Exploring computer games damage students study habit. Many teenagers who use the computers dont seem to realize that sitting in front of the computer is harmful at all. The electromagnetic waves from the computer-screen make our brain cells get stiffen every second. Human eyes can also lose its focus and get dehydrated easily because the ELF, VLF, RF and MICROWAVE (types of injurious electromagnetic waves). These harmful waves can cause headache, drop in eyesight, a brain tumor and leucosis in the worst case. Moreover, sitting in front of computer without exercising makes the teenager unhealthy. But this is not the only harmful cause of computer addiction. When it comes to computer game addiction, the situation gets worse. Violent computer graphic games such as Star Craft, War Craft or Counter Strike that are also connected with internet make teenager especially boys think aggresive towards the real word. They spend most of their time figuring out another way to win the battle inside the computer, and think that it is worth spending time into. The generation of the students today is more demanding in acquiring technologies that will suit their needs, especially when it applied to their studies. Sometimes they use their school activities as an excuse to use the computer and play games as much as they want. As a result they will disregard their studies. For example; students tend to play games first rather than studying. There are lots of students develop bad habits in their computer use that cause many problems in their studies. According to Manila City Ordinace, an ordinance regulating the operation of online PC game and over the internet shops within the City of Manila and for other purposes states in Section 1- It is hereby declared the policy of the City Governmennt of Manila to bring order to the operation of commercial establishments involved in certain computer-aided and electronic endevours in the course of affirming the general welfare under Section 16 and 458(a) of Republic act number 7160, otherwise known as the Local Government Code, by guiding them away from certain forms of entertainment, which are potentially detrimental to their intellectual and moral well-being that may lead to truancy. Section 2 letter B states that Online PC Game shall refer to video games, web browsing, and over-the-internet communication. Thus, this study is an effort to bring out information, which can be utilized by students, researchers in assessing the effect of online PC games to students study habit in their academ ic performance.

The Impact of the A380 Project on the Financial Performance free essay sample

Abstract Airbus has been making headlines in the past few months for all the wrong reasons. This iconic European corporation has undergone a turbulent period due to the problems surrounding the Airbus A380 project. A new flagship product that should have curved out an unassailable advantage for Airbus over Boeing went completely wrong. The Airbus A380 aircraft was a ground breaking concept that was meant to push EADS into a unique market segment. Instead, it threatened the very existence of the company and served as a catalyst for major surgery and a complete reorganization of the corporation starting from the top management down to the production floors. Numerous studies have been undertaken that have documented details of the Airbus A380 project and what, how and why it all went wrong. The company and other stakeholders have been undertaking drastic steps to try and put the company back on track and ensure the survival of the commercial aircraft business unit. We will write a custom essay sample on The Impact of the A380 Project on the Financial Performance or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In this study we look at how the problems surrounding the Airbus A380 project have affected the financial health of EADS. The background to the problems and the financial performance of Airbus is studied and presented. A brief discussion of how the data we collected and used for the study and the data that we could not get access to is also presented early in the paper. From the data and analysis, a comparison of the two dominant players in the commercial aircraft manufacturing industry, Airbus and Boeing, is also undertaken. A brief highlight of the financial impact of a project in the computer/consumer electronics industry is also presented. Finally from these data and prior studies on this subject, we have tried to highlight the impact of the project on the short and long term financial direction of EADS. Table of Contents List of Tables6 6 List of Figures7 1 Introduction8 2 Theoretical Framework14 3 Data Collection25 4 EADS Background and Analysis27 5 Boeing Background and Financial Data50 6 Comparative Analysis of EADS and Boeing 59 7 Other Factors that Affected the Financial Health of EADS69 8 Long-Term Prospects72 9 Comparison to a Project in a different Industry78 10 Conclusions79 81 11 Future Work82 12 Reference List83 List of Tables Table 4. 1 Business Segment Data of EADS 36 Table 4. 2 Consolidated Cash Flow Statements of EADS. 36-37 Table 4. 3 Consolidated Income Statement of EADS.. 40 Table 4. 4 Consolidated Balance Sheet of EADS 40-41 Table 5. 1: Consolidated Statements for Boeing 55-57 Table 5. 2: Income Statements for Boeing. 57-58 Table 5. 3: Consolidated Cash Flow Statements of Boeing 58-59 Table 8. 1: The Order Book for A380 Aircraft 76-77 List of Figures Figure 4. 1: EADS stock ownership. 29 Figure 4. 2: EADS management structure.. 31 Figure 4. 3: Airbus management structure 32 Figure 4. 4: EADS divisions and revenue. 34 Figure 4. 5: EADS share price (25 Nov 05 to 25 Jun 07)†¦. 49 Figure 5. 1: Boeing distribution of stock. 51 Figure 5. 2: Boeing divisions, revenue and activities.. 52 Figure 5. 4: The management structure of Boeing.. 54 Figure 6. 1: Working Capital Boeing Vs EADS 61 Figure 6. 2: Revenue Boeing Vs EADS 64 Figure 6. 3: Airplane Delivery Boeing Vs EADS. 65 1 Introduction The commercial aircraft industry requires huge capital investments in manufacturing and research and development. This is a very competitive sector where industry consolidation has resulted in the emergence of two major players from either side of the Atlantic, EADS in Europe and Boeing in the United States of America. The two form a duopoly with market leadership in the sector largely rotating between these two corporate giants depending on the market dynamics. Commercial airlines and other air transport operators form the bulk of the customers. Governments are also important customers. The government involvement in the sector extends to investing, supporting (Aboulafia, Richard, 2000; O’Neal, Michael, 1990) and regulating. Any problems in the industry have implications that go well beyond the confines of the affected companies. Governments therefore subsidize and invest in aircraft manufacturing and research and development. This also serves to protect the highly skilled jobs in this sector and ensures that the respective countries remain technologically competitive (Wall, R. Sparaco, P, 2007). Big companies play an important role in the economics of the countries they operate in. They influence the conditions in the industries and directly impact employment rate in the countries where the manufacturing takes place. EADS and Boeing are the leading competitors in the aircraft manufacturing industry and demonstrate the high level of political interest in this sector and the way governments try to influence the business decisions made by such corporations (Wall, Robert Jens, Flottau 2007; Barrie, Douglas 2007). 1. 1 Problem Definition Airbus is a subsidiary of EADS that has been a global leader in the manufacture of commercial aircraft. The launch of the A380 aircraft project was expected to become a huge success and elevate EADS to a new level of market domination. But following production delays and the cancellation of some orders for the A380 aircraft by some customers, the company found itself in a difficult position. The failure of a challenging project such as the A380 project can have far reaching financial consequences that could lead to bankruptcy. It could also serve to expose weaknesses and inefficiencies in the structure of an organization that could be a major hindrance to the success of a company. The popular media and professional journals have been full of news and articles concerning the problems with the A380 aircraft and Airbus in particular. The list of problems include workforce discontent, possible reduction in production activities, delivery delays, customer dissatisfaction and a lack of new orders, to mention only a few. The complex set of problems extends to the influence EADS has that can cause significant economic problems in the concerned countries. Numerous studies and articles have been written about EADS and the A380 project that catalogue the various organisational, technical and financial problems associated with the manufacture of the A380 super-jumbo aircraft. A systematic evaluation of the financial consequences of the project has not been carried out. 1. 2 Purpose The purpose of this research work is to evaluate the impact of the A380 project on the financial health of EADS. The following questions will be addressed: In the short run, what effect has the A380 project had on the financial performance of EADS? In the same period, what was the financial performance of Boeing, the direct competitor of EADS? Should EADS continue supporting the A380 project with additional financing? What long term financial impact will the A380 project have on the future of EADS? Finally, in order to fulfil the purpose we will also briefly discuss other factors that influenced the financial health of EADS, in addition to the A380 project 1. 3 Research Methodology The first stage of this research will involve reviewing the information that is available about the aircraft manufacturing industry with a focus on information about EADS and Airbus. Our focus will be on financial information. As a public company, EADS is obliged to publish financial data about the corporate structure and financial information containing revenues, profits and sales orders per EADS division such as Airbus. The A380 has been a major project at EADS for the past few years that has taken substantial preparations and investments amounting to significant annual expenditures (Thomas, J. , 2001; Gummesson, E, 2006). The main thrust of our research will be quantitative for aspects where we shall obtain the financial data needed to do the analysis. We shall also employ a qualitative approach to evaluate the leadership and organizational structure at EADS. To evaluate the financial impact of the A380 project on EADS, our primary focus will be on financial and ratio analysis of the company. We will examine the financial statements from EADS. This quantitative analysis will include the period from 2004 to 2005 that preceded the initial announcements delivery delay of the A380 as well as the period following the announcements, from 2006 to the first quarter of 2007. To analyze the changes in profits, revenues and cash flows, we will perform a comparative analysis of the years from 2004 to 2006 and evaluate the first quarter of 2007 in comparison to the first quarter of 2006. We will explore what influence the Airbus A380 project has had on the financial health of EADS. In order to get a clearer picture of the financial health of EADS, we will compare the financial performances of EADS and its main competitor, Boeing. The financial statements of Boeing Company are also generally available as it is a public corporation. Boeing has a similar structure, is engaged in the same activities and is comparable in size with EADS. Boeing also operates in the aircraft manufacturing industry, with its commercial aircraft unit also being the major part of the company’s activities. Therefore, the cross-company financial analysis between EADS and Boeing will provide some useful insights into the scale of the finanicial problems. Some A380 aircraft customers have already cancelled their orders and moved to Boeing instead. Since these two companies form a duopoly, most customers that leave EADS for Boeing increase the market share for Boeing. The foreign currency exchange rates between the US dollar and the euro have had an impact on the competitiveness of EADS. The manufacturing plants of EADS are located in Europe. The basic bills are paid in Euros (salaries, taxes etc), while customers outside Europe settle their contractual obligations in US dollars. The lead time between contractual agreements and actual aircraft deliveries, coupled with fluctuating US dollar versus euro exchange rate influence the financial performance of EADS. Depending on the direction the change takes, it can add to the losses from the A380 project, especially with the lead time from the date of agreement to the date of delivery being stretched by the delays The US dollar to euro relationship is therefore an area of interest, we will therefore analyze trends in exchange rates and evaluate its impact on EADS. We will also evaluate trends in stock prices of EADS and compare them to ones of Boeing. This will allow us to see how the market value of the company was affected by the A380 crisis and delivery delays. The market values of stocks are important indicators of financial stability and are of special interest to investors. Trends in the stock price will also show the possible direction of the company. A review of the financial position of EADS, that will include cash flows, revenues in total, total revenues and profits, revenues and profits by divisions in the period starting from 2005 to 2007 (both within the company and in comparison with Boeing), together with review of stock prices and exchange rates in 2005-2007, will help paint the picture of the A380 project impact on the short run financial performance of EADS. Evaluation of trends in profits and cash flows of EADS and review of order and delivery book of Airbus, the major source of revenues and cash flows for EADS will reveal the possible future direction of the company. Upon reviewing the trends in financial position of EADS (through ratio analysis) and examining the order or delivery book of Airbus, taking into account that this type of business involves cash transfers and recognition of revenues upon fulfilment of contracts, we will be able to determine how much of a burden the A380 project is for EADS and if the company can carry on without significant financial reorganization. Finally, we will briefly examine other factors which could additionally influence financial health of EADS. The corporate structure and leadership issues have important bearing on the operations of a company and could also influence financial state of a company. Our evaluation will be based on information from the companies on the existing organizational structures and scientific articles where available. Among others, the following issues will be examined: the composition of the Boards such as the number of independent directors and how focused the Boards are on business activities and how independent they are when making decisions. This will give us some insight into the efficiency of EADS as an organization, which has an indirect influence on profitability as well. The dynamics of exchange rates influence financial health of EADS as the company is based in Europe but sells big part of its products overseas. We will use data on exchange rates obtained from business media sources for this analysis. 1. 4 Possible Limitations We will be unable to accurately estimate certain values without sufficient data. This is a complex case, with several interrelated issues. We will use the available data. The available data will be sufficient to make qualitative conclusions as is usual in case studies. For example, without knowing the values of discounts offered to some customers, the values of penalties incurred, the impact of some customers exercising the option to buy alternative aircraft from Airbus, we may be unable to make exact quantitative conclusions on losses and net cash outflows from the project. We cannot definitely determine sources and values of external (from other projects) financing for the A380 project. We would liked to look at the A380 project appraisal (preferably with more comprehensive appraisal method, like NPV), but it will not be possible to do this as we will lack exact data necessary for this type of evaluation. The A380 project is an evolving story that has new developments all the time. The data from primary data that we sourced from some company’s websites may be skewed in favour of the respective companies as there is tendency for companies to put emphasis on positive information. 2 Theoretical Framework 2. 1 Introduction According to Brealey et al, 2006, managers are agents of the owners of the company, the shareholders. The manager’s main goal is to increase the value of the shareholders’ wealth. The board of directors are part of the corporate governance system and are meant to oversee the performance of the managers and strategic direction of the company. The board ensures that the managers are adequately compensated for the day to day running of the corporation and have the mandate to replace the managers if they do not deliver shareholder value or , among other reasons do not conduct the operations ethically or legally. There are several methods to evaluate potential success of a project in a company. This is an important step. In a large company and/or if a significant investment opportunity is considered, investment appraisal methods, such as NPV (Net Present Value) are applied. To analyse the impact of the A380 project on EADS, our approach was to look at the problem from three angles: the financial angle, the organisation structure (leadership and governance) and to compare EADS to a similar organisation. The theoretical foundations that we base our analysis on are described in the following sections of this chapter. 2. 2 Assessment of the Financial Health 2. 2. 1 Financial Statements – Ratio Analysis Potential investors, as well as other interested parties, always analyze past/present financial performance of a company before making investment. This is necessary to evaluate possibility of future returns. Trends in profits and cash flows of past few years not only show how effective was a company in the post, but can also indicate future direction of a company. Probably the best way to evaluate possible return from investment is by analyzing data available from financial statements of a company (40). The major financial statements are: Statement of Balance Sheet, Statement of Cash Flows and Income Statement. Income Statement is intended to disclose revenues and expenses, as well as profits of a particular period. It should be noted, that profits are often different from cash flows, as items like depreciation of fixed assets are not taken into account in net cash flow calculations, but they do influence profits. Statement of Balance Sheet shows the financial position of a company at a particular point in time. Namely, it shows the values of assets (both current and non-current), liabilities (both current and non-current) and equity. Following balance of Balance Sheet components is always maintained, if the statement is correctly prepared: Assets-Liabilities=Equity Statement of Cash flows discloses the way all cash resources have been used throughout a particular period of time. Cash Flow Statement consists of three basic parts: Cash Flows from Operating Activities, Cash Flows from Investment Activities and Cash Flows from Financing Activities. Income Statement, Statement of Balance Sheet and Cash Flow Statement can be analyzed to find out how effective the performance of a company in the past was and to forecast, what can be expected in the future. It should be pointed out, that basic financial statements of listed (parent) companies are readily available to general public (through company web sites, etc), while financial statements of subsidies (â€Å"daughter† companies), like Airbus, usually are not readily available. A. Millichamp, 1997, suggests three methods for assessing financial performance. Each figure (or number) in the financial statement should be compared with: 1) The corresponding figure of previous statements 2) The corresponding forecasted (budgeted) figure 3) The corresponding figure of another company in the similar business While comparison of subsequent statements of a company is important (to see improvements/backward steps etc), it is sometimes even more important and interesting to see how well a company is performing in comparison with direct competitor (e. g. in our case Boeing vs. EADS). The first method of assessment shows trends within a company, while cross-company evaluation shows if those steps are more effective than the ones taken by a competitor. Third method of an evaluation (i. e. comparison with budgeted values), while definitely being important, usually cannot be performed by an outsider, as budgets (i. e. internal data) are rarely disclosed by companies. While comparison of absolute values of financial statements is often performed, comparison through financial ratios is frequently more relevant. Many financial values are inter-related. Besides, some trends are better seen through relative analysis of values, for instance, when two companies construct their financial statements in different currencies. Boeing does this in US dollars while EADS uses the euro. According to Williams et al, 2005, (p606): â€Å"Ratio is a simple mathematical expression of the relationship, of one item to another. Every percentage may be viewed ad a ratio-that is, one number expressed as a percentage of another†. 2. 2. 1. 1 Ratio Analysis Assessment of three basic types of activities can be conducted to evaluate overall financial performance of a company (35). Changes since previous period show short term improvements/steps backward, while overall trends in years can also indicate what can be expected in the future. These three activities are: Liquidity, Profitability and Gearing/Leverage. It should be noted, though, that this is not a strict classification and some ratios may â€Å"belong† to more than one performance appraisal subgroups. For better representation of subsequent statements, they are usually placed next to each other and percentages of each corresponding values are also given. 2. 2. 1. 2 Liquidity Measures Liquidity of a company refers to its ability to manage short term obligations. Short term obligations are those ones, which should be repaid within a year. In other words, it is an ability to repay current liabilities with available current assets. Current assets are assets readily convertible into cash. While current liability is an obligation which should be settled within a year. The basic term often used in relation to Liquidity is Working Capital. Simply, it is an excess of current assets over current liabilities. Basic ratios used to assess liquidity of a company are: 1) Current Ratio=Current Assets/Current Liabilities It is a measure of how well are current liabilities covered by current assets. To some extent, the more it is (hopefully over 1. 5), the better it is for a company, but too high Current Ratio may imply that current assets are not entirely utilized. 2) Quick Ratio=(Current Assets-Inventories)/Current Liabilities It is a similar measure to Current Ratio, but with the exclusion of inventories-the least liquid current assets. Sometimes it is a more relevant measure. Again, a value of Quick Ration in excess of 1 is usually expected, but it varies from industry to industry. 3) Working Capital Cycle is considered to be an important illustrative measure of Liquidity. It is calculated in days/months. By Working Capital Cycle we measure the period from the date purchase of raw materials to the date of cash collection from products manufactured from those materials. Working Capital Cycle equals: Period to collect cash from customers+ period to turn over inventories- period to settle trade liabilities Days to collect cash from customers= (Average Receivables/Sales Revenues) x 365 Days to turn over inventories = (Average Value of Inventories/Cost of Sales) x 365 Days to settle trade obligations = (Average Payables/Cost of Sales) x 365 If average values are not available, year end values can also be used. Generally, the shorter is the Working Capital Cycle, the better it is for a company, as it is an indicator of effective performance. 2. 2. 1. 3 Profitability Measures Profitability ratios can help us evaluate trends in profitability and help us find out if a company earns sufficient profits in comparison with available resources. One thing should be noted here. If a company has a very high profitability but low cash balance, it can lead to a collapse-company can run out of cash. It is called Overtrading. On the other hand, excessive cash balance with corresponding low profitability is an indicator of Overcapitalization-sign of inefficient use of available resources (assets do not generate sufficient profits). Trends in Profitability can be measured both in absolute terms and with the use of ratios. Following measures are used: 1) Gross Profit Percentage: Gross Profit/Sales Revenue It is an indicator of what is percentage of Gross Profit from Sales Revenue Earnings per Share: Earnings for Ordinary Shareholders/Number of Outstanding Shares is an indicator of earnings for one share. Two important measure of profitability are also used to evaluate the efficiency in use of assets and equity to generate profits. Return on Equity = Net Profits/Value of Equity Return on Assets = Operating Profit / Value of Total Assets Maintenance of high levels of profitability is the primary objective of a company. It is a sign of relatively safe continuity. But as it was stated above, high levels of profitability should not be confronted with low Liquidity. 2. 2. 1. 4 Measures of Gearing and Leverage By Gearing we mean the ability of a company to meet long term debt obligations. Debt composition of Balance Sheet is an important indicator of Gearing. Higher share of long term debt in comparison with to equity is an indicator of higher Gearing. While, generally, long term debt is considered to be the least expensive source of finance (less expensive than common stock issue), too much reliance on debts puts accompany into danger, as interest on debt should be repaid (unlike dividends) regardless of profitability level. Good indicator of Gearing is the Debt Ratio: Debt Ratio= Total Liabilities/Total Assets Another indicator of Gearing is Interest Cover: Interest Cover= Profit before Interest and Tax/Interest Expense The higher it is, the easier it is for a company to settle its long term debt interest. This ratio is also related to Liquidity of a company. All above mentioned ratios are calculated from Statements of Balance Sheet and Statements of Income. Additionally, examination of Cash Flow Statements can reveal how cash is used in a company, which items of the statement are seem to generate more/less cash than was expected and by how much has cash decreased/increased in the considered period. 2. 2. 2 Limitations of Financial Evaluations using Ratios Financial analysis through ratios is an important and useful method to evaluate financial performance of a particular company. But this type of evaluation has its limitations. One can never make convinced conclusions purely based on ratio analysis. One of the reasons can be so called â€Å"window dressing†, i. e. a case when a company intensively â€Å"improves† performance by the end of accounting period to make year end financial statements look â€Å"attractive†. This can lead to incorrect assessment of a company. Besides, measures used in financial analysis are relative measures, which indicate to relative changes and therefore do not always allow us to make absolute judgments on companies (Millichamp A, 1997; Williams R. et al, 2005). Nevertheless, comprehensive (including cross-company) evaluation of company performance through financial ratios can disclose not only past problems of a company but even allow us make forecasts on future financial health of the company. This evaluation is well supplemented by other non-ratio financial indicators, like stock price trends and (where relevant) trends in currency exchange rates. 2. 2. 3 Stock Prices The wealth of shareholders in a company is generated from: 1) Dividends received; 2) Market values of shares Return from investment to shareholders can be generated from both received dividends and from capital gain due to increase in value of shares. Very important measures a company value is market value of all its outstanding shares. In order to increase the value of a company, management should achieve high profits so that it could distribute higher dividends and insure high values of shares (to allow higher capital gains). When market value of shares is low, the possibility of takeover from an outsider company is more likely. What is also significant, value of shares and trends of share prices are very important indicators of a company financial health for a potential investor. It is taken into account together with financial statements of a company (Millichamp A. 1997, Brealey R. et al, 2006). 2. 3 Additional Factors that can affect the Financial Health In this section we look at other factors that can have a bearing on the finances of EADS as factors like corporate structure, leadership and foreign exchange rates can have an influence on the financial stability of a company or indirect impact on projects within a company. The indirect influence of factors like corporate structure and leadership is reflected in the ability to avoid or reduce the negative impacts caused by a project while fluctuations of exchange rates can magnify losses or profits from projects when exchange rates are either favorable or unfavorable. However, the primary purpose of this thesis is to look at the impact of the A380 project. 2. 3. 1 Leadership The corporate culture, leadership and governance of a corporation influences the way the success of a company. Dubrin A. , (2007) has further catalogued the types of leadership characteristics that are needed for organisational success. These are especially relevant in organisations of the scale and complexity of EADS or Boeing that depend on the creativity and the innovation of the workforce. Dubrin also describes leadership traits needed to effectively manage international or geographically dispersed companies that are also culturally diverse are also. Other characteristics that have relevance to our subject matter relating to Airbus and EADS include teamwork, leadership development, succession and transformational leadership skills are required to lead an organisation through a crisis. This list is not exhaustive, it only seeks to provide a brief background to some of the leadership failures that could have led to the problems at Airbus, impacted on organisational efficiency and subsequently translated into financial woes for the company. 2. 3. 2 Corporate and Governance Structure Organizational structure can play a vital role in the performance of a company. The way the board of directors coordinate performance of top management and the manner it communicates with groups of shareholders is often as important as contemporary financial health of a company. The central role in organizational structure belongs to board of directors which usually consists of 8-15 members in a large corporation. The board should be independent to ensure independent and objective reporting and decision-making of the board (15). According to Walter J. Salmon: â€Å"Inside directors are often too committed to tradition and their new ideas. Outside directors, without independent sources of information are usually only capable of anaemic discussion and dissent. The result: consumers, competition, technology, and the economy may all change, but the company fails to keep up† (15, p4). According to Walter J. Salmon, a board of 8-15 members is optimum, with at least 2/3 of it being outside directors. An empowered board (15) has the ability and independence to monitor activities of management and to influence top management to revise their activities if their performance does not correspond to the strategic direction of a company determined earlier. The board should monitor the performance of the CEO and interfere if the company moves in the wrong direction to improve things before further damage occurs. The following steps are essential for Board empowerment (15): Directors receive independent and competent information on the performance of a company in the most easy-to-understand format The board consists of independent, competent members. It is an integrated board. Members of the board freely and frequently communicate with each other The board members also monitor the performance of the board itself. They set objectives for themselves and try to achieve them. 2. 3. 3 Governed Corporation vs. Managed Corporation According to John Pound, there are two types of organizational structures: a governed corporation and a managed corporation. The board of directors has a passive role in a managed corporation. Its main tasks are monitoring and selection and appointment of top management. The managers retain all leadership and decision-making rights (15). It is not considered to be the best governance model nowadays. Today many problems of large organization do not stem from power imbalances, but rather from poor decision-making. The governed corporation model proposed by John Pound is designed to remove the imbalances of the managed corporation model. It is centred on the decision making process in the company. The board of directors, top management and shareholders are more integrated and share responsibilities in decision making and formulation of the strategic direction of a company. Managerial duties are retained by CEO’s, but the board is not a passive onlooker. 2. 3. 4 The Impact of Foreign Exchange Rates Exchange rate of a currency is a rate at which one country’s currency can be traded in exchange to another country’s currency. Basically, exchange rate is determined by supply and demand of currencies at exchange markets. Following factors influence exchange rates: Government policy to influence exchange rates (limitation of maximum exchange value etc) Interest rates in the countries of those currencies The rates of inflation in those countries Trends in exchange rates (Euro to Dollar) can become a source of troubles for both importers and exporters of products, because â€Å"actual† amount received by them can fluctuate as exchange rates vary (35). There are some measures to be taken in order to avoid or reduce negative influence of exchange rates: 1) Contrac

Weather and Season Vocabulary in Chinese

Weather and Season Vocabulary in Chinese Talking about the weather is a great way to start a casual conversation. With these new  vocabulary words, youll be able to ask about the weather and describe seasons in Chinese.  Audio clips  to help with listening comprehension and pronunciation are marked with ââ€" º. Seasons in Chinese As you already know, there are four seasons: spring, summer, autumn, and winter. Lets learn the Mandarin Chinese names for these seasons. First off, we need to learn how to say season: seasonsââ€" ºjà ¬ jià ©Ã¢â‚¬â€¹(trad) Ã¥ ­ £Ã§ ¯â‚¬(simp) Ã¥ ­ £Ã¨Å â€š Lets move on to season names: springæ˜ ¥Ã¥ ¤ © ââ€" ºchÃ… «n tiÄ nsummerÃ¥ ¤ Ã¥ ¤ © ââ€" ºxi tiÄ nautumnç §â€¹Ã¥ ¤ © ââ€" ºqiÃ… « tiÄ nwinterå† ¬Ã¥ ¤ © ââ€" ºdÃ… ng tiÄ n Weather Vocabulary Now lets get more specific and talk about day-to-day weather. While reading through this vocabulary list, think about how you can apply these new words. What is the weather usually like in ç §â€¹Ã¥ ¤ © (qiÃ… « tiÄ n)? What about  Ã¥ ¤ Ã¥ ¤ © (xi tiÄ n)? What is the weather like for you today? weather(trad) Ã¥ ¤ ©Ã¦ ° £ / (simp) Ã¥ ¤ ©Ã¦ °â€ ââ€" ºtiÄ n qà ¬goodÃ¥ ¥ ½ ââ€" ºhÇŽosunnyæ™ ´Ã¦Å"â€" ââ€" ºqà ­ng lÇŽngovercast(trad) Ã¥ ¤Å¡Ã©â€º ²/ (simp) Ã¥ ¤Å¡Ã¤ ºâ€˜ ââ€" ºduÃ…  yà ºnrainingä ¸â€¹Ã©â€º ¨ ââ€" ºxi yÇ”snowingä ¸â€¹Ã©â€º ª ââ€" ºxi xuÄ›coldå† · ââ€" ºlÄ›nghot(trad) ç† ± /  (simp) çÆ' ­ ââ€" ºrà ¨warmæ º «Ã¦Å¡â€" ââ€" ºwÄ“n nuÇŽncoolæ ¶ ¼Ã§Ë† ½ ââ€" ºling shuÇŽng Sentence Examples About Weather Now that you have a basis in describing the weather, put it to use by incorporating this new vocabulary into a sentence.   Whats the weather like?ââ€" ºtiÄ n qà ¬ zÄ›n me yng?(trad) Ã¥ ¤ ©Ã¦ ° £Ã¦â‚¬Å½Ã© º ¼Ã¦ ¨ £?(simp) Ã¥ ¤ ©Ã¦ °â€Ã¦â‚¬Å½Ã¤ ¹Ë†Ã¦   ·?Its cold.ââ€" ºhÄ›n lÄ›ngÃ¥ ¾Ë†Ã¥â€  ·Its raining.ââ€" ºxi yÇ”ä ¸â€¹Ã©â€º ¨The weathers not good.ââ€" ºtiÄ n qà ¬ bà ¹ hÇŽo(trad) Ã¥ ¤ ©Ã¦ ° £Ã¤ ¸ Ã¥ ¥ ½(simp) Ã¥ ¤ ©Ã¦ °â€Ã¤ ¸ Ã¥ ¥ ½Its good.ââ€" ºhÄ›n hÇŽoÃ¥ ¾Ë†Ã¥ ¥ ½Its hot.ââ€" ºhÄ›n rà ¨(trad) Ã¥ ¾Ë†Ã§â€  ±(simp) Ã¥ ¾Ë†Ã§Æ' ­

Biography of Than Shwe, Burmese Dictator

Biography of Than Shwe, Burmese Dictator Than Shwe (born February 2, 1933) is a Burmese politician who ruled the country as a military dictator from 1992 to 2011. He was known for being a secretive, vindictive commander who showed no qualms about having dissidents, journalists, and even Buddhist monks beaten, jailed, tortured, and executed. Despite his absolute power, Than Shwe was so reclusive that most Burmese people never even heard his voice. Smuggled video footage of the sumptuous wedding thrown for the generals daughter sparked outrage across the country, as it provided a glimpse of the lifestyle of the very rich. Than Shwes regime was so brutal and corrupt that he is considered one of Asias worst dictators. Fast Facts: Than Shwe Known For: Than Shwe was the military dictator of Burma from 1992 to 2011.Born: February 2, 1933 in Kyaukse,  British BurmaSpouse: Kyaing KyaingChildren: 8 Early Life Very little is known about the early life of secretive general Than Shwe. He was born on February 2, 1933, in Kyuakse, in the Mandalay Division of Burma. At the time of Than Shwes birth, Burma was still a British colony. Few details of Than Shwes education have emerged, though some sources report that he attended public elementary school before dropping out of high school. Early Career Than Shwes first government job after leaving school was as a mail delivery clerk. He worked for the post office in Meiktila, a city in central Burma. Sometime between 1948 and 1953, the young Than Shwe enlisted in the Burmese colonial army, where he was assigned to the psychological warfare unit. He participated in the governments ruthless counterinsurgency campaign against ethnic-Karen guerrillas in eastern Burma. This experience resulted in Shwes several-year-long commitment to a psychiatric hospital for post-traumatic stress disorder. Nonetheless, Shwe was known as a merciless fighter; his no-holds-barred style brought a promotion to the rank of captain in 1960. He was promoted to major in 1969, and in 1971 he graduated from a military training program at the Frunze Academy  in the Soviet Union. Entry into National Politics Captain Than Shwe helped General Ne Win seize power in the 1962 coup that ended Burmas brief post-independence experience with democracy. He was rewarded with a steady series of promotions, rising to the rank of colonel by 1978. In 1983, Shwe took military command of the Southwest Region/Irrawaddy Delta near Rangoon. This posting close to the capital was to aid him enormously in his quest for higher office. Ascent to Power In 1985, Shwe was promoted to brigadier general and given the twin posts of Vice Chief of Army Staff and Deputy Minister of Defense. The following year, he was promoted again to major general and given a seat on the Burma Socialist Partys Central Executive Committee. The junta crushed a pro-democracy movement in 1988, leaving 3,000 protestors dead. Burmese ruler Ne Win was ousted after the insurrection. Saw Muang took control, and Than Shwe moved into a high cabinet position- according to one writer, because of his ability to bore everyone else into submission. Following the abortive elections of 1990, Than Shwe replaced Saw Maung as head of state in 1992. Supreme Leader Initially, Than Shwe was seen as a more moderate-style military dictator than some of his predecessors. He freed some political prisoners and released pro-democracy leader Aung San Suu Kyi from house arrest in the late 1990s. (She won the 1990 presidential election despite being in prison.) Than Shwe also oversaw Burmas 1997 entry into the Association of Southeast Asian Nations (ASEAN), signaling an openness to trade and increased market freedom. He also cracked down on some official corruption. However, Than Shwe became a stricter ruler over time. His former mentor, General Ne Win, died under house arrest in 2002. In addition, Than Shwes disastrous economic policies kept Burma one of the poorest countries in the world. Human Rights Abuses Given his early association with the brutal put-downs of the Karen independence and pro-democracy movements, its not surprising that Than Shwe showed little regard for human rights during his tenure as Burmas supreme ruler. Freedom of the press and free speech were nonexistent in Burma under his leadership. The journalist Win Tin, an associate of Aung San Suu Kyis, was imprisoned in 1989. (Aung San herself was also rearrested in 2003, and was under house arrest until late in 2010.) The Burmese junta used systematic rape, torture, executions, and disappearances to control the people and quell dissent. Monk-led protests in September 2007 resulted in a violent crackdown, which left hundreds dead. Personal Life While the Burmese people suffered under Than Shwes rule, Than Shwe and other top leaders enjoyed a very comfortable lifestyle (apart from worries about being deposed). The opulence with which the junta surrounded themselves was seen in a leaked video of the wedding reception of Than Shwes daughter, Thandar, and an army major. The video, showing ropes of diamonds, a solid-gold bridal bed, and huge amounts of champagne, outraged people inside Burma and around the world. It was not all jewels and BMWs for Shwe, though. The general is diabetic, and some experts believe he may be suffering from intestinal cancer. He has spent time in hospitals in Singapore and Thailand. Than Shwe is something of a recluse, however, so this information has not been verified. On March 30, 2011, Than Shwe stepped down as the ruler of Myanmar and retreated further from the public eye. His hand-picked successor, President Thein Sein, has initiated a series of reforms and has opened Myanmar to the international community to a surprising extent since he took office. Dissident leader Aung San Suu Kyi was even allowed to run for a seat in the Congress, which she won on April 1, 2012. Sources Myint-U, Thant. Where China Meets India: Burma and the New Crossroads of Asia. Farrar, Straus and Giroux, 2012.Rogers, Benedict. Burma: a Nation at the Crossroads. Rider Books, 2015.

Critical Thinking Application Paper Essay Example | Topics and Well Written Essays - 500 words

Critical Thinking Application Paper - Essay Example The ability of each individual to think critically varies. Critical thinking hinges on a few critical elements, these being precision, significance, vigor, fairness and rationality. Today in our rapidly evolving and changing business environment where there is a constant pressure to innovate products and services, an organization cannot remain competitive without the incorporation of critical thinking in its decision making processes. This being only possible if the employees of an organization are equipped to undertake a process of decision making that is purposeful and directed and hence in line with critical thinking. According to Process Management for a business to succeed it is essential that employees are taught to become more conscious of the thought process of an organization and that of the customers. They should be proficient in ‘language precision, being able to examine hidden assumptions, identify effective inferential reasoning and evaluate claims and reasons†™ in order to think critically. There are many examples of critical thinking in a work environment.

Porters Five Force Analysis on Whitbreads competitiveness in Hotel Essay

Porters Five Force Analysis on Whitbreads competitiveness in Hotel Industry - Essay Example The researcher states that until the last years of 20th century, Whitbread has long been concentrating on brewing, but it has started its own restaurants, pub partnerships, inns, health and fitness service, drinks etc and has recognized that this will eventually give greater benefits to the business than the marketing potential of brewing. When it comes to hotel industry, the threat of new entrants is a big issue since it requires relatively less initial investment. The threat of new entrants in the case of brewing is also same, but hotel industry is more likely to attract customers if the hotel or restaurant can provide unique quality of goods and services. Differentiation matters a lot to hotel industry. A restaurant that is able to differentiate its products through innovation can substantially achieve significant competitive advantage. Whitbread’s Annual report reported that innovation has been critically significant strategy to its business as it listened to its customers for valuable research and thus its products and services were constantly adapted to changes. As shown in the figure above, Whitbread has identified that the contribution from restaurants, hotels and health and fitness were much better than that of other sectors and this showed how competitive the company can be in hotel industry. As far as hotel industry is concerned, threat of substitutes is greater since there are close substitutes available in the market. Confectionaries such as small treats, chocolates, soft drinks, packaged food or drinks are close substitutes.... Whitbread’s Annual report (1999, p. 15) reported that innovation has been critically significant strategy to its business as it listened to its customers for valuable research and thus its products and services were constantly adapted to changes. As shown in the figure above, Whitbread has identified that the contribution from restaurants, hotels and health and fitness were much better than that of other sectors and this showed how competitive the company can be in hotel industry. Threats of Substitutes As far as hotel industry is concerned, threat of substitutes is greater since there are close substitutes available in the market. Confectionaries such as small treats, chocolates, soft drinks, packaged food or drinks are close substitutes. Apart from this, the switching costs will be less for customers as they can easily obtain substitutes. But, threat of the substitutes to the services provided by hotel industry seems less significant as hotel industry can attract and retain its customers by facilitating supreme quality services. Restaurants, resorts and hotels have greater opportunities to convert the existing customers to loyal customers if they provide highly valuable services (Hayes and Miller, 2010, p. 365). Bargaining power of Suppliers Suppliers in the hotel industry are farmers, companies, retailers or wholesaler. As far as hotel industry is concerned, the demand for fresh and quality materials will be higher and suppliers of quality fruits or food items have relatively medium bargaining power. Since there are large numbers of suppliers available in the market, bargaining power is relatively less. Bargaining power of buyers For customers of hotel industry, there

Importance of Management Essay Example for Free

Importance of Management Essay Management  is a universal phenomenon. It is a very popular and widely used term. All organizations business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to  Harold Koontz, â€Å"Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goals†. According to  F. W. Taylor, â€Å"Management is an art of knowing what to do, when to do and see that it is done in the best and cheapest way†. Management is a purposive activity. It is something that directs group efforts towards the attainment of certain pre determined goals. It is the process of working with and through others to effectively achieve the goals of the organization, by efficiently using limited resources in the changing world. Of course, these goals may vary from one enterprise to another. E. g. : For one enterprise it may be launching of new products by conducting market surveys and for other it may be profit maximization by minimizing cost. Management involves creating an internal environment: It is the management which puts into use the various factors of production. Therefore, it is the responsibility of management to create such conditions which are conducive to maximum efforts so that people are able to perform their task efficiently and effectively. It includes ensuring availability of raw materials, determination of wages and salaries, formulation of rules amp; regulations etc. Therefore, we can say that good management includes both being effective and efficient. Being effective means doing the appropriate task i. , fitting the square pegs in square holes and round pegs in round holes. Being efficient means doing the task correctly, at least possible cost with minimum wastage of resources. Management can be defined in detail in following categories : Management as a  Process Management as an  Activity Management as a  Discipline Management as a  Group Management as a  Science Management as an  Art Management as a  Profession 1. It helps in Achieving Group Goals   It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals. By defining objective of organization clearly there would be no wastage of time, money and effort. Management converts disorganized resources of men, machines, money etc. into useful enterprise. These resources are coordinated, directed and controlled in such a manner that enterprise work towards attainment of goals. 2. Optimum Utilization of Resources   Management utilizes all the physical amp; human resources productively. This leads to efficacy in management. Management provides maximum utilization of scarce resources by selecting its best possible alternate use in industry from out of various uses. It makes use of experts, professional and these services leads to use of their skills, knowledge, and proper utilization and avoids wastage. If employees and machines are producing its maximum there is no under employment of any resources. 3. Reduces Costs   It gets maximum results through minimum input by proper planning and by using minimum input amp; getting maximum output. Management uses physical, human and financial resources in such a manner which results in best combination. This helps in cost reduction. 4. Establishes Sound Organization   No overlapping of efforts (smooth and coordinated functions). To establish sound organizational structure is one of the objective of management which is in tune with objective of organization and for fulfillment of this, it establishes effective authority amp; responsibility relationship i. e. who is accountable to whom, who can give instructions to whom, who are superiors amp; who are subordinates. Management fills up various positions with right persons, having right skills, training and qualification. All jobs should be cleared to everyone. 5. Establishes Equilibrium   It enables the organization to survive in changing environment. It keeps in touch with the changing environment. With the change is external environment, the initial co-ordination of organization must be changed. So it adapts organization to changing demand of market / changing needs of societies. It is responsible for growth and survival of organization. 6. Essentials for Prosperity of Society   Efficient management leads to better economical production which helps in turn to increase the welfare of people. Good management makes a difficult task easier by avoiding wastage of scarce resource. It improves standard of living. It increases the profit which is beneficial to business and society will get maximum output at minimum cost by creating employment opportunities which generate income in hands. Organization comes with new products and researches beneficial for society. What is the Importance of Management in Business? â€Å"Some underestimate the importance of management in business but the latest researches have shown that it is certainly not the case. The input of the labor, capital and raw materials can never become production without the catalyst of management. A business cannot survive without management because management is its means of support. Management is concerned with acquiring maximum prosperity with minimum efforts. Management is essential wherever group efforts are required to be directed towards achievements of common goals. In this management conscious age, the significance of management can hardly be over emphasized. It is said that any thing minus management amounts to nothing. There is no more important area of human activity than management since its task is that of getting things done through others. Some underestimate the importance of management in business but the latest researches have shown that it is certainly not the case. The input of the labor, capital and raw materials can never become production without the catalyst of management. Management is a dynamic life-giving element in an organization. In its absence, the resources of production remain underutilized and can never become production. In fact, without efficient management, no country can become a nation. Business is basically a group activity and management plays an important role in making it more effective. The group as a whole cannot realize its objectives unless and until there is mutual cooperation and coordination among the members of the groups. Management creates teamwork and team spirit in an organization by developing a sound organizational structure. It brings the human and material resources together and motivates the people for the achievement of goals. The available resources of production are put to use in such a way that all sort of wastages and inefficiencies are reduced to a minimum. If the managers in any business are not considerate and good at their job, nothing worthwhile can be expected of the subordinates. The motivation level of the employees is directly related to good management. Management creates and maintains an environment conducive to higher efficiency and performance. A business enterprise operates in a constantly changing environment. Changes in the business environment create risk and also provide opportunities for growth. A conducive and encouraging environment is indispensable for any business and sound management makes it possible easily. Negative Aspects of Technology Introduction The history of technology is as old as human life. This is because the usage of technology came into existence when the humans existed. Technology had a great progress since ages that is from mastery of fire by man to computers, rockets, electronics etc which shows the 21st century achievements. The technologies that evolved in the past and even now made our lives comfortable. People are totally dependent on technology. Technology helps in speedy development and changes. According to a dictionary the definition of technology is given as â€Å"the sum of the ways in which social groups provide themselves with the material objects of their civilization. (Technology, 2012). This shows that technology usage has become as part of our life. These technologies include computers, cell phones, emails, video conferencing and even the basic things like microwave oven and fridge. Technology has become important in every aspect of our life. It changed our way of life in both positive and negative ways. Over past decade, there are many new techno logies that have evolved and there is much advancement in the existing technologies. Technology separates individuals from reality. Problem The advancements in technologies have made our lives comfortable but there is a great negative impact of the technology in our lives. There are many factors that supports that technology has adverse effects on society. Technology is not always green. While new and rapidly advancing knowledge will surely become a dominant force shaping the future of mankind, experts tells that advancing technology always brings side effects. This is because humans modify nature to meet their needs and wants. So scientists feel that the development of technology is causing harm to the environment. Technologys Negative Impact on Business Technology has positive affects on global business. The Internet makes it possible for people to communicate easily with associates in other countries. Ecommerce makes it possible for consumers to purchase almost anything from almost anywhere. And the flow of information is fast and often free once you have paid for Internet access. However, technology also has negative impacts on business. Business Relationships Internet technology such as chat rooms, Skype and other software has made it possible to hold meetings without all parties being physically present in the same place. A drawback is that meeting with somebody over the Internet is much less personal than meeting face-to-face. Internet technology in business decreases the personal aspect of business relationships. Business people used to network in restaurants and on golf courses. Today, the lack of physical proximity decreases brainstorming and other communications that use a personal touch. Employee Morale Installing monitoring software in the workplace sends the message to employees that the company does not trust them, according to research done under the aegis of professor Howard Besser while teaching at New York University. Giving employees responsibility, trust and respect boosts their morale and productivity. Showing them that they are not trusted and must be recorded decreases morale and worker productivity. This is true regardless of the actual reasons for installing monitoring software, according to the same research. Spam Spam refers to unwanted and unsolicited email messages. Spam is widespread and has negative impacts on business, according to the article Impact of Information Technology on Global Business published by Purdue University. Wading through spam email is a waste of time, and spam filters can only do so much. Users of spam filters must then check for necessary email messages diverted incorrectly as spam. Brick and Mortar The popularity of ecommerce has had a negative impact on brick-and-mortar retail stores. Smaller stores are finding more and more difficult to compete with both Internet businesses and larger retail stores. For example, small community bookstores must compete with Amazon. com as well as large stores such as Barnes ;amp; Noble that sell in person and online. Sometimes the smaller stores end up going out of business.

China :: essays research papers

China is a Communist Republic government. This means that the government regulates, sets rules, and runs most business in China. However, the increase in a worldwide economy around the middle of the 20th century caused China to evaluate their government and decide that something must be done to stimulate the Chinese economy and bring entrepreneurs to China otherwise they will be left behind in the forever-growing global economy. In fact, China has changing a lot from the past 30 years, and we can really tell the change. China is a great capitalism country now. That means, the government is controlling everything. However, with the change of the Chinese government, they become more flexible than before. This way can helping at the economy grow, and improve people ¡Ã‚ ¦s lives. We can see from the videos that there are more and more building, shops, and bars build in the cities of China. If you go to visit about 30 years ago, you may not see these views.  ¡Ã‚ §China is improving step by step, ¡Ã‚ ¨ one man said from the video. However, as the report shows, there are too many building now in China, and there are not many people who want and can afford to buy the buildings. That may loose the original purpose of this idea. Deng Xiaoping, the leader of China disbands communes who had already died, allowing farmers to freely sell their products and introduces profit incentives for factories. It is called  ¡Ã‚ §Socialism with Chinese characteristics ¡Ã‚ ¨ - a wonder of rhetoric. From there, many of the farmers start to sell their lands, and move to the big cities like Beijing, or open shops instead of farm. Under Jiang Zemin ¡Ã‚ ¦s leadership who is the leader after Deng Xiaoping ¡Ã‚ ¦s dead, the 15th Party Congress reveals its plan to sell most state-owned industries. It becomes privatize. In the coming years, tens of million of workers will be laid off; with no social protection is sight. Now, is this still socialism, no it ¡Ã‚ ¦s the raw capitalism. For the average Chinese, it might be the worst of both worlds.   Ã‚  Ã‚  Ã‚  Ã‚  Some people will put the Confucianism into the discussion of the capitalism. Chinese people called this combine idea as Internalism. Capitalism for China is to centralize all of the Chinese market, and use Confucianism into the modernity idea. It can help the developing of the economy and the growth of the production. In other words, they are just using Confucianism ¡Ã‚ ¦s united idea and thinking to look at the capitalism.

Mask Poor Communication

Assignment One: Miscommunication April Sherrod COM 200 Interpersonal Communication Terrance Frazier May 21, 2012 I agree with the article provided â€Å"Close Relationships Sometimes Mask Poor Communication† because I have had plenty of encounters with my loved ones where I was meaning one thing and they were interpreting what I said a completely different way and thinking I meant something totally different from what I actually meant. Have you ever had a miscommunication with someone close to you simply because you assumed that they understood you?What happened? When it comes to having miscommunication with someone, my fiance and I should receive an â€Å"A† all the time. The miscommunication we have can be as simple as me telling him to go to the store and get me a soda and be meaning for him to get a Dr. Pepper and he will come back with a coke. However we have had more serious altercations over miscommunication than a run to the store. The most recent altercation we have had over miscommunication was over whether or not to accept a car my parents were trying to give us as a gift.When telling him of this car, I had told him that there was still a little over $2000 owed on this car, I also told him that they said they would finish paying it off to help pay off a debt they had owed us. He completely misunderstood me and thought I was telling him we were going to make the payments ourselves, which he was completely fine with; however he isn’t fine with my parents making payments on something that we are going to be using.In the end before I had re-explained how things were going to take place, he disagreed with us getting the car because he thought that they were just simply going to make the payments and also pay us back what they owed us from a previous encounter when they had borrowed some money. I ended up re-explaining things to him and told him that what he thought wasn’t the case that they were only going to pay off the car, n ot pay off the car and pay off the debt.So now that he knows what exactly is going to happen, he has agreed with letting them pay off the car and giving it to us. How can you make sure that this kind of miscommunication does not happen in the future? Or when it does happen, what could you do to make your communication more clear? Miscommunication will always happen, however I could take actions to make sure my point is across and that everything I say is understood the exact way I say it and not the way my fiance interprets it would be by asking him what he thinks I meant before ending the conversation.References Close Relationships Sometimes Mask Poor Communication, January 24, 2011 http://health. usnews. com/health-news/family-health/brain-and-behavior/articles/2011/01/24/close-relationships-sometimes-mask-poor-communication Sole, K. (2011). Making connections: Understanding interpersonal communication. San Diego, CA: Bridgepoint Education, Inc. https://content. ashford. edu/books /AUCOM200. 11. 1

Literary and Critical Analysis of the Yellow Wallpaper Essay

Charlotte Perkins Gilman wrote the Yellow Wallpaper in 1892, the theme of which was feminism and individuality and how one woman dealt with the neurosis of her mind created largely by the expectations of society. The spiral to her breakdown began from her baby’s birth and in today’s time it would be seen as postpartum depression but at the time when the book was written the woman was seen as being highly strung. Gilman creates the plot around the yellow wallpaper in the protagonist’s room and how her obsessive mind personifies the wallpaper. The deterioration of the woman’s mind is signified through the disintegration of the state of the wallpaper. The story was written at a time when the main role of the woman in society was creating a home for her family. Her sense of worth and her values were all gauged against the way her home functioned. In this strive for perfection of the home the women of the time usually lost their own sense of self and it is this struggle to maintain a sense of self that usually caused the most stress. This build-up of stress is what is signified in the book. When the book begins, Gilman immediately makes it clear that the protagonist, as the woman, is inferior to her husband, John, the physician. When she feels ill the solution for John is telling her to stay in bad, not to use her imagination and stop writing. To him her writing anything is something useless and unnecessary. However, to her, writing is her one release. It is with her being able to write that she is able to let go of her pent up feelings. She writes, â€Å"Personally, I believe that congenial work, with excitement and change, would do me good. But what is one to do? † (160). This last phrase underlines the state of mind and the actual state of mind of the women on the era. The woman is resigned to her inability to go against the societal norms no matter how unhappy it makes her. She has given birth to a baby and instead of feeling good she is feeling down. Her Husband and everyone around her thinks rest is the best answer and they confine her to her room. She knows that this confinement is not making her happy and she needs something to distract her, â€Å"Personally, I believe that congenial work, with excitement and change, would do me good† (1279), yet she is helpless to counteract her husband’s orders. It is through this repression of her true self that her mind starts to break. The stress of hiding her true feelings and maintaining the semblance of normality, going against her true nature, while all the time believing that she was in the wrong in wanting more. The instances of this sort of conflict are shown throughout the book, â€Å"I meant to be such a help to John, such a real rest and comfort, and her I am a comparative burden already† (162). The yellow wallpaper is the only thing she has to break the normality. Initially she dislikes it, â€Å"I’m really quite fond of this big room, all but the horrid paper† (1281). But as time passes and the wallpaper is the only thing of interest in the room she starts looking at it with interest. What initially started as a game in seeing the different patterns of the wallpaper changes into a real psychosis, and her state of mind is defined through her thoughts, â€Å"There is a recurrent spot where the pattern lolls like a broken neck and two bulbous eyes stare at you upside down† (1281). The most integral part of the story comes from the fact that the identity of the woman is never revealed. It is as if her name has no value and she herself is of no consequence and it is the people around her that define her. The story of the Yellow Wallpaper shows the role of woman in society in America in the past. It shows how a woman did not have control of her destiny and how a man could only see her as a possession not as an individual. The callous attitude of the husband who sees her state of mind as the weakness of women is the defining factor of the whole situation. By refusing to accept the woman’s mind as an individual and independent factor of her body and confining his wife to solitude, John the husband aggravates her situation. Her need to talk and write is belittled, her need to expose her emotions repelled by everyone around her. This causes her to get depressed. She does not know how to control herself, she becomes hysterical and needs help but the only help comes from her husband, and comes in a condescending manner that does not help matters. Many critics have given their own point of view and Gilman(1898) wrote in Women and Economics, ‘[regarding women]the same human energies and human desires and ambitions within. But all that she may wish to have, all that she may wish to do, must come through a single channel and a single choice. Wealth, power, social distinction, fame, -not only these, but home and happiness, reputation, ease and pleasure, her bread and butter,-all, must come to her through a small gold ring (Gilman, 57). The fact of the time was that men were considered the patriarchs and they were the ones in control. There was no concept of partnership. The woman in Gilman’s book seems to be conflicted in her concept of her role as a wife. she understands the expectations of societal norms but due to her own character she cannot in her mind accept them as norm. As she writes, â€Å"John laughs at me, but one expects that in marriage† (Gilman, 1973 pp. 9). It is as if women have no value and are mere objects. The woman seems to accept that but unconsciously is rebelling to this â€Å"ridicule† of women. The objectification of women and the judgment passed upon by men causes the woman in Gilman’s book to be constantly projecting an image of herself that is not real. She is reacting to what people expect rather than being what she really is and this is creating a conflict in her own self that she is struggling to overcome and yet cannot. I can feel myself under the gaze of someone whose eyes I do not even see, not even discern†¦ From the moment this gaze exists, I am already something other, in that I feel myself becoming an object for the gaze of others. (Gilman 1973 pp. 215). The struggle to maintain her identity while keeping her ideas hidden and in lieu with the norms is something she is unable to maintain and the disintegration of her mind shows the pressures she is under. The final deterioration of her mind is shown through her referring to herself in as somebody else. â€Å"‘I’ve got out at last,’ said I, ‘in spite of you and Jane’†(Gilman, 436). Critics suggest the woman has created an alter ego where the conventional self, the â€Å"rational self,† and the second is â€Å"the raging and uncontrolled madwoman† (Owens 77). Greg Johnson says that when the anger gets out of control the patriarchal influence is triumphed over (522). Realizing that the suppression of self is creating a regression of the mind the narration ends with the woman sleeping and creeping around the nursery like an infant (King and Morris 30). Victorian women did not have any control over themselves and it was this lack of control that is depicted in the Yellow Paper making it a distinctively feminist novel. Through the ripping of the wallpaper the woman destroys her conventional self and survives through the survival of her new identity or rather rebirth of her new self. References †¢ Gilman, Charlotte Perkins, The Yellow Wallpaper, The Feminist Press, 1973. †¢ Gilman, Charlotte Perkins. Women and Economics: A Study of the Economic Relation Between Men and Women as a Factor in Social Evolution Small, Maynard & Co. , 1898 †¢ O wens, E. Suzanne. â€Å"The Ghostly Double behind the Wallpaper in Charlotte Perkins Gilman’s ‘The Yellow Wallpaper. ’† †¢ King, Jeannette and Pam Morris. â€Å"On Not Reading between the Lines: Models of Reading in ‘The Yellow Wallpaper. ’† Studies in Short Fiction 26. 1 (1989): 23-32. †¢ Johnson, Greg. â€Å"Gilman’s Gothic Allegory: Rage and Redemption in ‘The Yellow Wallpaper. ’† Studies in Short Fiction 26. 4 (1989):521-30.

Credit risks in financial markets prior to credit crisis The WritePass Journal

Credit risks in financial markets prior to credit crisis Introduction Credit risks in financial markets prior to credit crisis IntroductionCredit risks in financial marketsLiquidity risks in financial marketsExtreme uncertainty and volatility in financial marketsThe effect of the crisis and the way aheadConclusionRelated Introduction In the last 25 years, the world suffered boom-bust economical recycling .What impressed us was the serious financial crisis happened in 1930, however, the credit crunch in 2008 was even worse. It   crisis is the culmination of a super boom that has lasted for more than twenty-five years and seems a sign of the end of an era of credit expansion based on the dollar as the international reserve currency. It might be formed because of the bursting of the Internet bubble in late 2000.The Fed responded by cutting the federal funds rate from 6.5% to 3.5% within space of just a few months. Occasionally, came with the terrorist attack of September 11,2001.To counteract the disruption of the economy, the Fed continued to lower rates in half a century, where it stayed for a full year. For thirty-one consecutive months the base inflation-adjusted short-term interest rate was negative. These consequent activities remain the interest rate in a low level for years that the rational lender will ke ep on lending until there is no one else to lend to, when money is free, an explosion of leveraged buyouts, and other excesses became conventional. Meanwhile, an endangered supper housing bubble is growing silently. According to the national statistic in the U.S., from 2000 until mid-2005, the market value of existing homes grew by more than 50%, and there was a frenzy of new construction. A shocking discovery by Merrill was that about half of all American GDP growth in the first half of 2005 was housing related, either directly, through home building and housing-related purchases like new furniture, or indirectly, by spending the cash generated from the refinancing of mortgages. This means, starting around 2005, securitization became a mania. It was easy and fast to create â€Å"synthetic† securities that mimicked the risks of real securities but did not carry the expense of buying and assembling actual loans. Therefore, Risky paper could be multiplied well beyond the actual supply in the market. Conversely, this activity led to an enormous increase in the use of leverage. To hold ordinary bonds requires a margin of 10%; synthetic bonds created by credit default swaps can be traded on a margin of 1.5%. It turned to be an opportunity for those hedge funds to show good profits by exploiting risk differentials on a leveraged basis, driving down risk premiums. Credit risks in financial markets The story began in early 2007, signs of trouble started to multiply. On February 22, HSBC fired the head of its U.S mortgage lending business, recognizing losses reaching $10.8 billion. Later on, DR Horton, the biggest homebuilder, warned of losses from subprime mortgages on March 9. Three days after, New Century Financial, one of the biggest subprime lenders, had its shares suspended from trading amid fears that the company was headed for bankruptcy. Then it was reported that late payments on mortgages and home foreclosures rose to new highs. What`s more , Accredited Home Lenders Holding put up $2.7 billion of its subprime loan book for sale , on March 16, at a heavy discount to generate cash for business operations. Even worse on April 2, New Century Financial filed for Chapter 11 bankruptcy protection after it was forced to repurchase billions of dollars which were worth of bad loans. The effects of sub-prime problems were gradually spread across banks around the world when many of the mortgages had been bundled up and sold on to banks and investors. In July, investment bank Bear Stearns tells investors they will get little, if any, of the money invested in two of its hedge funds after rival banks refuse to help it bail them out. On 9 August 2007, investment bank BNP Paribas tells investors they will not be able to take money out of two of its funds because it cannot value the assets in them, for an excuse of a complete evaporation of liquidity in the market. Obviously, banks are refusing to do business with each other. On June 15, 2007, two large mortgage hedge funds of Bears stern were having trouble meeting margin calls. To cope with this, Bear grudgingly created a $3.2 billion credit line to bail out one fund and let the other collapse which indicated that investors` equity of $1.5 billion was mostly wiped out. As late as July 2007, Bernanke still estimated subprime losses at only about $100 billion. When Merrill Lynch and Citigroup took big write-down on in-house collateralized debt obligations, the markets actually staged a relief rallyThe SP 500 hit a new high in mid-July. People release and think it naively finished. Somehow, it was only at the beginning of August that financial markets really took fright. Shockingly, Bear Stearns filed for bankruptcy protection for two hedge funds exposed to subprime loans and stopped clients from withdrawing cash from a third fund. Though it was useless, Bear Stearns had tried to save these entities by injecting $3.2 billion of additional funding. Liquidity risks in financial markets Everything that could go wrong, once the crisis erupted, financial markets unraveled with remarkable dramatically. Investment banks with large positions of CDOs to keep off balance sheet in so-called structured investment vehicles (SIVs). By issuing asset backed commercial paper, the investment banks financed their positions by SIVs. As the value of CDOs came into trouble, the asset-backed commercial paper market dried up, in order to keep the market liquid, the investment banks were forced to bail out their SIVs. Most investment banks took the SIVs into their balance sheet and surrendered to commit that large losses were in the process. Consequently, Investment banks were sitting on large loan commitments to finance leveraged buyouts. Normally, they would package these loans as collateralized loan obligations (CLOs) and sell them off, but the CLO market came to a standstill together with the CDO market, and the banks were left holding a bag worth about $250 billion. Some banks allow ed their SIVs to go bust, and some reneged on their leveraged buyout obligations. This, together with the size of the losses incurred by the banks, served to unnerve the stock market, and price movements became chaotic. So-called market-neutral hedge funds, which exploit small discrepancies in market prices by using very high leverage, ceased to be market neutral and incurred unusual losses. A few highly leveraged ones were wiped out, damaging the reputation of their sponsors and unleashing lawsuits. The banking system suffered all this pressures. They had to put additional items on their balance sheets at a time when their capital base was impaired by unexpected losses. Banks had difficulty assessing their exposure and even greater difficulties estimating the exposure of their counterparts. Similarly, they were reluctant to lend to each other and eager to save their liquidity. At the very beginning, central banks found it difficult to inject enough liquidity due to commercial banks avoiding used any of the facilities which had a responsible to attach them, and they were also ignored to deal with each other, meanwhile, these obstacles were overcome .After all, if there is one thing central banks know how to do, that is to provide liquidity. Only the Bank of England suffered a major debacle when it attempted to rescue Northern Rock, an overextended mortgage lender. Its rescue effort resulted in a run on the bank. Eventually Northern Rock was nationalized and its obligations added to the national debt, pushing the United Kingdom beyond the limits imposed by the Maastricht Treaty. Extreme uncertainty and volatility in financial markets The banking sector tended to filled with liquidity, however, the crisis refused to abate. Credit spreads continued to widen. Correlated that almost all the major banksCitigroup, Merrill Lynch, Lehman Brothers, Bank of America, Wachovia, UBS, Credit Suisseannounced major write-downs in the final quarter of the year, and most have signaled continued write-downs , separately, most others have signaled continued write-downs in 2008. Both AIG and Credit Suisse made preliminary fourth-quarter write-down announcements that they repeatedly revised, conveying the doubtless accurate impression that they had lost control of their balance sheets. A failed with   $7.2 billion trading at Societe Generale announced in January 2008, coincided with a selling climax in the stock market and an extraordinary 75 basis point cut in the federal funds rate eight days before the regularly scheduled meeting, when the rate was cut a further 50 basis points. This was unprecedented. Distress spread from residential real estate to credit card debt, auto debt, and commercial real estate. Trouble at the monocline insurance companies, which traditionally specialized in municipal bonds but ventured into insuring structured and synthetic products, caused the municipal bond market to be disrupted. With the intension of credit market, numourous of entities went bankruptcy. This called for large amount of compensation by the insurance companies.   No doubt that an even larger unresolved problem is looming in the credit default swaps market (CDSs). Changing in structure of financial landscape The effect of the crisis and the way ahead Over the past several decades the United States has weathered several major financial crises, like the international lending crisis of the 1980s and the savings and loan crisis of the early 1990s.But the current crisis is of an entirely different character. It has spread from one segment of the market to others, particularly those which employ newly created structured and synthetic instruments. Both the exposure and the capital base of the major financial institutions have been brought into question, and the uncertainties are likely to remain unresolved for an extended period of time. This is impeding the normal functioning of the financial system and is liable to have far-reaching consequences for the real economy. Conclusion Both the financial markets and the financial authorities have been very slow to recognize that the real economy is bound to be affected. It is hard to understand why this should be so. The real economy was stimulated by credit expansion. Why should it not be negatively affected by credit contraction? One cannot escape the conclusion that both the financial authorities and market participants harbor fundamental misconceptions about the way financial markets function. These misconceptions have manifested themselves not only in a failure to understand what is going on; they have given rise to the excesses which are at the root of the current market turmoil.

Book Report Outline A Step-by-Step Guide on Formatting a Book Report

Book Report Outline A Step-by-Step Guide on Formatting a Book Report Book Report Outline Book report writing is a task that is typical of the K-12 level. By writing this type of assignment students practice to read, sum up what has been read and express their thoughts clearly and concisely. Sometimes, when students face the challenge of book report writing, they dont know where to start or what to do. In the meantime, this assignment can be easily done if a book report format is followed. Here is a brief book report outline that will help you to cope with your assignment effectively. HOW TO WRITE A BOOK REPORT Book report is a form of an essay and as such should begin with an introduction. The introduction contains basic book and author info, including title, author of the book, year of publication and some additional information. Here is what your book report can begin with:  Ã¢â‚¬Å"[Insert Book Title Here]† written by [Author Name] is a [novel; short story; poem, a piece of fiction] that was first published in [Year of Publication] by [Who Published it?].  This work is believed to be one of the author’s best works [or hasn’t been recognized at the time of publication]. The author wrote it as a response to [revolution; war; political changes; social issues etc]. As a result, this piece of writing immediately became popular [or was prohibited; wasn’t recognized]. For this reason, it can be best understood within the context of these events. BOOK REPORT TEMPLATE Now it’s time to move on to the body of the book report. In this part, you can briefly mention main characters of the book and explain them. You can use the following phrases:  There are several characters in this [book, novel, poem etc] who are important for understanding it. [Character 1] is the protagonist of the story and is†¦ [describe this character, say a few words about his/her appearance, whether or this character is positive or negative, whether you like him/her or not etc].   Follow the same pattern to describe other characters in the book. Use quotations and additional evidence to support your claim.  Next step is your plot summary. Since book reports rarely take more than 250 words or one page, bear in mind that this part should be rather brief. Mention key plot events, the entire description shouldn’t take more than 3-5 sentences. There’s hardly a specific pattern for a plot summary, so just use your own words and judgment to come up with it.  The final step is mentioning things like themes, symbols, and motifs. This part is optional, and you need to follow your instructions closely – if you are required to do it, do it. Otherwise, it will unnecessary work. TOP 25 BOOK REPORT IDEAS Close up with your brief evaluation:  Overall this book [novel, poem, fiction] leaves as positive [negative] impression and I would [or would not] recommend it to other readers. If you feel you need assistance with book report writing, contact our support team or place an order and we will gladly help you.