Wednesday, August 26, 2020
The Negative Portrayal of Mothers in Disney Films :: Movies
The Negative Portrayal of Mothers in Disney Films How can it be that in Disney made movies, the protective figures and good examples are totally lessened though the paternal jobs are extreme? For what reason does for the most part a lady assume the job of the vilan? In the event that you notice, you will find that in pretty much every exemplary Disney film, the mother is depicted in an unpleasant and sketchy manner. However, there is consistently a caring or male figure that everybody brags about. Initially, let us start with the movies where the fundamental character neglects to have a mother referenced or seen by any stretch of the imagination: The exemplary film of Aladdin; neither Aladdin nor Princess Jasmine had a protective figure. In any case, Aladdin had the Genie, who was male, and Jasmine had her dad, who was likewise male. Excellence and the Beast is another Disney film where there is a male figure but then once more, the passing of a female good example. Beauty is raised by just her dad, and there is no word about where her mom is or what befell her. Another most loved of the Disney Classic movies is that of The Little Mermaid. In this film, Ariel is raised by her very predominant dad, and every last bit of her companions are male. All in all, whatever did happen to her mom, and did she ever know her? Pinnocchio is another incredible film, yet he increases another dad yet never another mother. He is raised by Gepeto, the skilled worker, and is then embraced by Gepe to.
Saturday, August 22, 2020
Ten Words to Learn How to Spell in 2010 - The Writers For Hire
TEN WORDS TO LEARN HOW TO SPELL IN 2010 Make any goals this year? Iââ¬â¢m going to propose you make one progressively: Polish your messages. Compose immaculate notes. Look more intelligent. Look at this clever animation on The Oatmealââ¬â¢s site, Ten Words You Need to Stop Misspelling. It diagrams probably the most regularly incorrectly spelled words (and indeed, even the best of us commit these errors now and then) in a fun, engaging way. Study it. Submit these words to memory. On the off chance that I could include only one more word pair to this rundown, it would be here/hear. I see this one constantly (Hi, father!), and like most homophones, itââ¬â¢s actually a senseless misstep, since the words are not comparative at all: Hear: action word, having to do with sound, tuning in, and utilizing your ears. Ex: Do you hear that clamor? Here: modifier, thing, or descriptor, having to do with place (both genuine and theoretical); it is something contrary to ââ¬Å"there.â⬠Ex: Come here and afterward weââ¬â¢ll go to lunch. Do you have any spelling or utilization annoyances that didnââ¬â¢t make the rundown? Tell us â⬠¦ and hereââ¬â¢s to an upbeat, mistake free 2010!
Tuesday, August 18, 2020
Book Riots Deals of the Day for February 2, 2020
Book Riotâs Deals of the Day for February 2, 2020 Sponsored by Book Riots new literary fiction podcast Novel Gazing. These deals were active as of this writing, but may expire soon, so get them while theyâre hot! Todays Featured Deals The Forgotten Man by Robert Crais for $1.99. Get it here, or just click on the cover image below. We Have Always Lived in the Castle by Shirley Jackson for $1.99. Get it here, or just click on the cover image below. North of Happy by Adi Alsaid for $1.99. Get it here, or just click on the cover image below. I Am, I Am, I Am: Seventeen Brushes With Death by Maggie OFarrell for $4.99. Get it here, or just click on the cover image below. In Case You Missed Yesterdays Most Popular Deals Enlightenment Now by Steven Pinker for $1.99. Get it here, or just click on the cover image below. The Burning Chambers by Kate Mosse for $2.99. Get it here, or just click on the cover image below. Previous Daily Deals That Are Still Active As Of This Writing (Get em While Theyre Hot!): The Surgeon by Tess Gerritsen for $2.99 The Third Angel by Alice Hoffman for $2.99 Whiskey When Weâre Dry by John Larison for $1.99 The Essex Serpent by Sarah Perry for $3.49 Possessing the Secret of Joy by Alice Walker for $1.99 Astonish Me by Maggie Shipstead for $2.99 Speak by Laurie Halse Anderson for $1.99 F*ck That: An Honest Meditation Jason Headley for $1.99 Wonton Terror: A Noodle Shop Mystery by Vivien Chen for $2.99 Conversations with Friends by Sally Rooney for $2.99 Other Peopleâs Houses by Abbi Waxman for $1.99 Feel Free by Zadie Smith for $1.99 The Famished Road by Ben Okri for $1.99 The Face by Dean Koontz for $2.99 Cari Mora by Thomas Harris for $4.99 Chronicle of a Death Foretold by Gabriel GarcÃa Márquez for $2.99 Two Steps Forward Graeme Simsion and Anne Buist for $1.99 Breakfast of Champions by Kurt Vonnegut for $2.99 The Epic Crush of Genie Lo by F.C. Lee for $1.99 Finding Gideon by Eric Jerome Dickey for $1.99 The Last Time I Lied by Riley Sager for $1.99 Burn Baby Burn by Meg Medina for $1.99 That Kind of Guy by Talia Hibbert for $3.99 The Awakened Kingdom by N.K. Jemisin for $2.99 Odd and the Frost Giants by Neil Gaiman for $3.99 The Immortalists by Chloe Benjamin for $1.99 Labyrinth Lost by Zoraida Cordova for $4.09 The Lost: A Search for Six of the Six Million by Daniel Mendelsohn for $1.99 The Twelve-Mile Straight by Eleanor Henderson for $1.99 The Incendiaries by R.O. Kwon for $4.99 Rejected Princesses by Jason Porath for $1.99 Once Ghosted, Twice Shy by Alyssa Cole for $1.99 Snow, Glass, Apples by Neil Gaiman for $2.99 A Princess in Theory by Alyssa Cole for $1.99 The Happiness Project by Gretchen Rubin for $1.99 Everythings Trash, But Its Okay by Phoebe Robinson for $4.99 Tiny Pretty Things by Sona Charaipotra and Dhonielle Clayton for $4.99 Nefertiti by Michelle Moran for $3.99 The Broken Circle: A Memoir of Escaping Afghanistan by Enjeela Ahmadi-Miller for $1.99 Death by Dumpling: A Noodle Shop Mystery by Vivien Chien for $2.99 The Readers of Broken Wheel Recommend by Katarina Bivald for $1.99 Instant Pot Obsession: The Ultimate Electric Pressure Cooker Cookbook for Cooking Everything Fast by Janet A. Zimmerman for $2.99 Ash Princess by Laura Sebastian for $1.99 Year of Yes by Shonda Rhimes for $2.99 A Quiet Life in the Country by T E Kinsey for $1.99 The Duchess War by Courtney Milan for $4.99 The House of the Spirits: A Novel by Isabel Allende for $1.99 Native Son by Richard Wright for $2.99 Mangos and Mistletoe: A Foodie Holiday Novella by Adriana Herrera for $2.99 Guapa by Saleem Haddad for $1.99 The Unlikely Escape of Uriah Heep by H. G. Parry for $4.99 Empire of Sand by Tasha Suri for $4.99 Fatality in F (A Gethsemane Brown Mystery Book 4) by Alexia Gordon for $4.99 Reckless by Selena Montgomery for $3.99 Cant Escape Love by Alyssa Cole for $1.99 Brown Girl in the Ring by Nalo Hopkinson for $5.99 Ark by Veronica Roth for $1.99 Ten Women by Marcela Serrano for $3.99 The Price of Salt by Patricia Highsmith for $0.99 Ormeshadow by Priya Sharma for $3.99 Sisters of the Vast Black by Lina Rather for $3.99 Prophecy by Ellen Oh for $2.99 Along for the Ride by Mimi Grace for $2.99 Sign up for our Book Deals newsletter and get up to 80% off books you actually want to read.
Sunday, May 24, 2020
Definition of Dime Novel
A dime novel was a cheap and generally sensational tale of adventure sold as popular entertainment in the 1800s. Dime novels can be considered the paperback books of their day, and they often featured tales of mountain men, explorers, soldiers, detectives, or Indian fighters. Despite their name, the dime novels generally cost less than ten cents, with many actually selling for a nickel. The most popular publisher was the firm of Beadle and Adams of New York City. The heyday of the dime novel was from the 1860s to the 1890s, when their popularity was eclipsed by pulp magazines featuring similar tales of adventure. Critics of dime novels often denounced them as immoral, perhaps because of violent content. But the books themselves actually tended to reinforce conventional values of the time such as patriotism, bravery, self-reliance, and American nationalism. Origin of the Dime Novel Cheap literature had been produced in the early 1800s, but the creator of the dime novel is generally accepted to be Erastus Beadle, a printer who had published magazines in Buffalo, New York. Beadles brother Irwin had been selling sheet music, and he and Erastus tried selling books of songs for ten cents. The music books became popular, and they sense there was a market for other cheap books. In 1860 the Beadle brothers, who had set up shop in New York City, published a novel, Malaeska, The Indian Wife of White Hunters, by a popular writer for womens magazines, Ann Stephens. The book sold well, and the Beadles began to steadily publish novels by other authors. The Beadles added a partner, Robert Adams, and the publishing firm of Beadle and Adams became known as the foremost publisher of dime novels. Dime novels were not originally intended to present a new type of writing. At the outset, the innovation was simply in the method and distribution of the books. The books were printed with paper covers, which were cheaper to produce than traditional leather bindings. And as the books were lighter, they could easily be sent through the mails, which opened up great opportunity for mail-order sales. Its not a coincidence that dime novels became suddenly popular in the early 1860s, during the years of the Civil War. The books were easily to stow in a soldiers knapsack, and would have been very popular reading material in the camps of Union soldiers. The Style of the Dime Novel Over time the dime novel began to take on a distinct style. Tales of adventure often dominated, and dime novels might feature, as their central characters, folk heroes such as Daniel Boone and Kit Carson. The writer Ned Buntline popularized the exploits of Buffalo Bill Cody in an extremely popular series of dime novels. While dime novels were often condemned, they actually tended to present tales which were moralistic. The bad guys tended to be captured and punished, and the good guys exhibited commendable traits, such as bravery, chivalry, and patriotism. Though the peak of the dime novel is generally considered to be in the late 1800s, some versions of the genre existed into the early decades of the 20th century. The dime novel was eventually replaced as cheap entertainment and by new forms of storytelling, especially the radio, movies, and eventually television.
Wednesday, May 13, 2020
Counter Guerrilla Based Strategies - Free Essay Example
Sample details Pages: 6 Words: 1927 Downloads: 6 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? Since the end of the Second World War in 1945, there have been 39 asymmetric or insurgency based conflicts around the world, four of which are ongoing today. In most of these cases, the insurgents have been victorious over a western or local power. During counterinsurgency operations, there are usually two groups which the factors leading to western counterinsurgency operation failure, these are, political or military reasons. This essay will firstly look at the difference between the terms insurgency and guerrilla. Secondly, look at two main counterinsurgency tactics and why for western nation especially, they are hard to counter. Thirdly, look at three other factors that are unique to western nations, that also make it hard to counter guerrilla based strategies. According to Field Manual 3-24, the US Joint Publication on Counterinsurgency Operations, insurgency ââ¬Å"is an internal threat that uses subversion and violence to reach political ends. Conversely, counter insurgents seek to defeat insurgents and address core grievances to prevent insurgencys expansion or regeneration. Typically the insurgents will solicit or be offered some type of support from state or non-state actors, which can include transnational terrorists who take advantage of the situation for their own benefit.â⬠Whereas, guerrilla warfare is ââ¬Å"small groups of combatants using military tactics, such as ambushes, sabotage, raids, the element of surprise, and extraordinary mobility to harass a larger and less-mobile traditional army, or strike a vulnerable target, and withdraw almost immediately.â⬠So in short, insurgency is the overall movement or struggle that the group is following, and guerrilla warfare is the tactics that they are using to accomplish their aims. The first of these tactics and the most important is hearts and minds. This is the tactic used to win over the hearts and minds of the local population, hence the name. For counterinsurgency to even have a chance at being successful this must be the first goal of both the nations government and more increasingly over the latter part of the twentieth century, any nation intervening in that country. Whilst it can be said that the government will have the support of the people once the conflicts is over for protecting them, it is vital to have the local populations hearts and minds for western countries to operate so that they have a willing population to assist them. The Vietnam War exhibited this when for most; the US did have the support of the South Vietnamese locals it was easier for them, but found it almost impossible when they did not. However, ââ¬Ëhearts and minds of the locals are incredibly volatile and the actions of the counterinsurgents may at times lose them the hearts and minds battle. This is a double-edged sword. As Bart Schuurman stated in his article,ÃâÃâà ââ¬Å"Although FM 3-24 rightly recognises the risk of soldiers using too much force in c onflicts where gaining public support is tantamount to victory, there is also a danger that too strong an emphasis on ââ¬Ëhearts and minds will impede on military effectiveness.â⬠Therefore, the military must find that happy medium to ensure that that the locals safety is maintained, but also that the military objectives are also being completed. Explained in FM 3-24, the legitimacy of both the government and any assisting nations, if applicable is paramount as ââ¬Å"The primary objective of any COIN [Counterinsurgency] operation is to foster development of effective governance by a legitimate government. Counterinsurgents achieve this objective by undertaking appropriate actions and striving for a balanced application of both military and non-military means as dictated by the situation.â⬠Thus, the ability to retain the support of the local population is necessary to ensure the ultimate goal of the operation succeeds. There are two conflicts after the Vietnam War where ââ¬Ëhearts and minds was first used that have shown that if a western power contradicts this, failure overall is more likely, if not, it is severely harder to achieve success, these being the conflict in Somali and then in Afghanistan, both by the US. In Somalia, it was the objective of the US to kill or capture the warlord, Mohammad Aidid rather than to secure Mogadishu and the win over the local population. Their efforts to kill Aidid left a trail of destruction and casualties, both civilian and insurgents, thus losing all support of the local population, not only for the US, but also for the entire UN operation, even though they were not acting on behalf of the UN. The second conflict is the 2001 ââ¬Ëwar on terror, specifically in Afghanistan, which is still ongoing. Though the failure win over the ââ¬Ëhearts and minds of the locals is not the absolute case here, it has led the conflict to last for almost a decade so far. The oversight this time is again similar t o that of Somalia, the policy of the US is counter-terrorism, and the NATO policy is to rebuild Afghanistan into a functioning state. These two policies contradict each other and thus the mandate of the US is to seek and destroy, like in Somalia, and the mandate of NATO is to rebuild the state of Afghanistan. Though this has not led to failure in the attempts, it has led to a drawn out conflict. So the need for a nation, western or not to gain the ââ¬Ëhearts and minds of the local population is integral to the success of the counterinsurgency operation, without it, it is almost impossible to succeed. The second main tactic that western nations use for counterinsurgency is population control. This is because insurgents rely upon their ability to blend in with the local population allowing them to move freely and conduct their operations easily. Along with this, many also rely upon the local population for both food and water and recruits. Therefore, the ultimate goal of populat ion control is to isolate the insurgents from the local population. There two usual methods of conducting this, the first of these is to move a force into the insurgent controlled area and push out the insurgents, without harming innocent civilians and maintaining the ââ¬Ëhearts and minds approach. Once achieved, measures of control need to ensure that the insurgents are restricted from returning, so control of the area is required. The second is the physical control of the local population to prevent access to the insurgents; however, this contradicts the ââ¬Ëhearts and minds approach so is used rarely. Australian forces used the latter of the two during the Malayan Emergency (1948-1960), with success. It was a requirement for all to carry an ID card that had both their fingerprint and photo on it. This led to the communists abandoning their original plan and then to continual fights with each other over how to counter this method of population control. ââ¬Å"movement contro l, widespread interrogations and censusesâ⬠have also been utilised in the past with mixed results. It was David Gaula that commented on this, ââ¬Å"while the population may resent some of these measures, they are necessary in order to protect the people, to gain their trust, and to discern the insurgents and their political agents.â⬠It is only once the local population is free from insurgents can the ââ¬Ëhearts and minds approach work to its full potential. There are three factors; among others that do not relate specifically to a certain tactic, but do have a bearing on the success of counterinsurgency operations by western nations. The first of these factors that leads to the recurring failure in is the use of technology. Western nations are countless times more powerful and wealthy compared to the insurgent force and yet the insurgents in Iraq and Afghanistan now are ââ¬Å"often armed with little more than Kalashnikovs, simple RPGs, and relatively unsophistica ted homemade explosivesâ⬠are able to withstand the western nations operations against them. According to Jeffery Record, a nations ââ¬Å"infatuation with the perfection of military means can cause the user to ignore the political purpose on behalf of which those means are being employed.â⬠So applying this to the western nations, through the perfection of military mean, this being tactics and weapons, they lose track of the reasons why they are there and this leads to a breakdown of structure and a target for the insurgents to attack a ââ¬Ëhearts and minds campaign. The second factor is the western nations politicians. Firstly that many of them lack the knowledge or experience of how the military works and this according to Todd Sechser,â⬠has led to an increase in the support for armed intervention to solve insurgency in whatever from.â⬠Secondly, the politicians believe in the body bag syndrome, that being that the citizens of the western nation will not accept great numbers of casualties in a conflict that they have nothing at stake in or that they understand and believe in. These two situations cause the politicians at first to favour military intervention, but once it has started, they refuse to accept the number of casualties because they fear that the public will not re-elect them because they supported this conflict that cost so many lives. The third factor is the training and doctrine of the western nations themselves. Since the end of the Second World War, warfare has shifted from conventional to asymmetric warfare, but the western nations have not shifted their doctrine. ââ¬Å"A prominent criticism of western armed forces is that they have been trained, structured, and equipped to the obsolete concept of large-scale conventional warfareâ⬠which has resulted in two failures for western nations. Firstly for some, the deterrent of nuclear weapons does not work as there is no application for the use of nuclear weapons that can ensure that only insurgents are killed, this is the same with high explosive conventional weapons and even laser guided bombs, there is no way in killing only insurgents. So consequently, troops on the ground have to deal with insurgents that are near local populations so that collateral damage does not harm the work done by the ââ¬Ëhearts and minds approach leading to a greater risk on soldiers lives. Post 1945, the spectrum of warfare has shifted from conventional wars to asymmetric conflicts usually with in another country by insurgents using guerrilla tactics. Insurgency is a growing movement and the guerrilla tactics of, raids, explosives, sabotage and ambushes among others are growing in effectiveness against western nations intervening in these conflicts. As such, there have been 39 insurgency-based conflicts in this period and over half of the western power has been defeated even with a clear superiority of the insurgents. This is because of a number of reaso ns, firstly, to gain the support of the local population, the counterinsurgents have to either take a ââ¬Ëhearts and minds in order to discover locate the insurgents through assistance from the local population, or use population control to discover the identity of the insurgents by placing restrictions on the local population. These are just two tactics that western nation can use to fight insurgents. These do not work effectively as is liked most of the time, for any action that the local populations perceive as wrong, affects all the work that the counterinsurgents have made regardless of whether the actions was for the protection of the locals. There are also the political and other factors that indirectly lead to the failures as well. These include, the western nations obsession with technology and always having the best, regardless if they can use it or not. As well as how the politicians perceive the military and how the politicians expect the military to conduct the count erinsurgency operation and finally how conventional warfare doctrine and training is used. Donââ¬â¢t waste time! Our writers will create an original "Counter Guerrilla Based Strategies" essay for you Create order
Wednesday, May 6, 2020
Insolvency in anglo american law Free Essays
string(127) " this type is trade creditors who are so ââ¬Å"uninformed that they systematically undercharge for the extension of creditâ⬠ii\." Introduction A. General 1.The concept of security There are many attempts to define ââ¬Å"securityâ⬠, but this concept varies in different countries, and even in different fields of economic and financial activity. We will write a custom essay sample on Insolvency in anglo american law or any similar topic only for you Order Now Simply put, it can be understood that ââ¬Å"securityâ⬠is originated from the instinctive fear of risk of financiers. It is similar to a guarantee that someoneââ¬â¢s investment, at least, will not make him loose more than what he expects to gain. As clarified by Professor Goode, the concept of security depends on concepts of ownership and possession; it ââ¬Å"involves the grant of a right in an asset which the grantor owns or in which he has an interestâ⬠. ââ¬ËSecurityââ¬â¢ is not officially defined under English law. Its scope has to be drawn from judicial interpretations. Pursuant to the judgment of Re Paramount Airways Ltd, security is defined as ââ¬Å"created where a person (the creditor) obtains rights exercisable against some property in which the debtor has an interest in order to enforce the discharge of the debtorââ¬â¢s obligation to the creditor.â⬠However, this definition is not fixed. The problem of lacking an official definition results in some uncertainties in regulating secured credit under English law. Under American law, in contrast, ââ¬Ësecurity interestââ¬â¢ is clearly defined as ââ¬Å"an interest in personal property that secures either payment of money or the performance of an obligationâ⬠. The functional approach in secured transaction under American legislations is preferred than the formal approach under English law. There are two main types of security which are fixed and floating charges. A fixed charge is defined as ââ¬Å"a charge or mortgage secured on particular property, such as land and buildings; and intellectual property such as copyrights, patents, trade marks. A floating charge is an equitable charge on assets which can continued to be traded from time to time without the reacceptance of the mortgagee.Between these two, floating charge is used more commonly. 2.The purpose of taking security According to Professor McCormack, there are several reasons of taking security. Firstly, security will give priority to a creditor over other unsecured ones in the event of insolvency. According to a survey by the Society of Practitioners of Insolvency, about 75% unsecured creditor received nothing after asset distribution. Suggested from the definition of insolvency, which is a situation that a company loses its ability to pay all of its creditors, priority in insolvency proceedings is very important. Another reason is that a creditor who takes security will have more control on the lent assets as well as insolvency proceedings. The regime in England under the Enterprise Act 2002 allows a floating chargeââ¬â¢s holder to appoint an administrator, whose duty is to ensure a certain share of the insolvent companyââ¬â¢s assets for the benefit of such holder. This type of ââ¬Å"self-helpâ⬠remains controversial. It is criticized a lots as such control is too substantial. Last but not least, the taking of security is regarded as useful to reduce the cost of investigation into the debtorââ¬â¢s financial situation. Professor Buckley called such costs the ââ¬Å"screening costsâ⬠.According to his arguments, as the borrower has to reveal information to the lender so as to ensure that it is financially able to take the loan, a securely informed creditor will benefit from avoiding more risk in the market. Such information, in insolvency proceedings, will aid in determining the debtorââ¬â¢s creditworthiness and anticipated bankruptcy value. Sub-conclusion: To sum up, security plays a significant role in financial activities of companies. It gives both the borrowers and the lenders benefits which are crucial in their transactionsââ¬â¢ decisions. However, from the perspectives of a unsecured creditor, the ability of taking security by some creditors results in their higher possibility of receiving nothing in return in the event of insolvency. This essay will discuss such misallocation of resources to the unsecured creditors and examine the reform proposal to solve these problems in 2 main parts respectively. At the end, a conclusion will be drawn that although security causes troubles to non-consensual creditors, any reform needs to be taken with a lot of considerations on the method and in the system as a whole. B. Problems caused by security 1. Problems of misallocating resources Lynn LoPucki, in his analysis, has demonstrated that most unsecured creditors are given such status against their will and awareness. Therefore, it is unfair when they are given even less than what they can gain because of the securityââ¬â¢s usage. By taking securities, the secured creditors, with all the control and benefits as examined above, may take a substantial part of the debtorââ¬â¢s assets. The unsecured creditors, who usually outnumber the secured ones but only receive a much smaller part of the insolventââ¬â¢s resources. Although the basic principle of insolvency law is ââ¬Å"equality of miseryâ⬠, many people are forced to be more miserable than others. In order to detect a solution for this matter, this part is illustrated in 2 smaller parts, the first deals with the classification of unsecured creditors and the second discusses the problem in allocating the debtorââ¬â¢s resources. a. Types of unsecured creditors There are three types of unsecured creditors, depending on their reaction to such status: uninformed creditors, voluntary creditors and involuntary creditors. Each category is suffered different problems caused by security to their group. i.Uninformed Creditors Uninformed creditors are those who accept the status of unsecured creditors despite their acknowledge of the debtorââ¬â¢s situation because they do not properly estimate the risk they are about to take. These creditors are similar to voluntary creditor because they know the situation before making their decision of invest into such debtors. But they are also similar to involuntary creditors because if they had known the ââ¬Å"true state of the law and the debtorââ¬â¢s finances when they made the fatal decision to extend credit (or not to withdraw from an extension already made), [they] would have decided differently.â⬠Their consent, therefore, is not meaningful due to the lack of true understanding of what they are consent to. The example for this type is trade creditors who are so ââ¬Å"uninformed that they systematically undercharge for the extension of creditâ⬠ii. Voluntary Creditors Examples of voluntary creditors are employees and customers. Employees: In case employeesââ¬â¢ wages are not paid, they become creditors of their employer. The missing of payment by an employer serves as the most alarming precaution of its financial situation to the employees. However, as stated by Buckley, ââ¬Å"claims for unpaid wages are not substantial in most bankruptcies [â⬠¦] because few employers are willing to risk work stoppages by gambling with unpaid wages.â⬠Customers: Customers are also classified as voluntary creditors of a retailer in case they have warranty claims. In certain cases, the prices they are willing to pay may reflect their ability to foresee the default. Therefore, customers become creditors only if they have proper reaction to such foreseen possibility. iii. Involuntary Creditors It is estimated in a study by Sullivan, Warren, and Westbrook that 23% of unsecured creditors filling bankruptcy under Chapter 7 and 13 of the Bankruptcy Code was involuntary creditors. This category includes governmental claimants (tax agencies, pension agencies), tort victims, environmental agencies, utility companies. We will now examine the first two examples of this type. Governmental claims: A company has many governmental responsibilities. This is shown by its duty in many tax related activities ranging from corporate taxes to employeesââ¬â¢ income taxes. Moreover, it may have to be involved in some social security program. Thus, in the event of insolvency, it may become debtors of several state entities. And in common cases, the governmental claims will not consent to be under the status of creditors because it is likely that they will gain nothing due to the unsecured characteristic of debts the company owed to them. Tort claims: Tort victims are regarded to be the most typical kind of involuntary creditors. As indicated by a study of Manville Corporation cases, the companyââ¬â¢s book value when it filed for insolvency was only $1.2 billion book value, while its tort liability was $1.9 billion is in asbestos-related claims. It is common that tort claimants do not agree with their unsecured creditor status. In many cases, they even do not agree to be creditor if it is not because of wrongful acts by the debtor violating their rights and benefits. Such wrongful acts may ranging from harmful business acts (negligence, interference,â⬠¦) to infringement of intellectual property rights However, the insolvency law has not treated them with sufficient priority over other creditors (especially secured creditors). b. Problems In the context of this essay, we will discuss the influences of consent-based theory in examining the problems of involuntary and uninformed creditors. It may be argued that to identify the direct consequences of the lack of consent of a creditor when involving in a companyââ¬â¢s business is not always easy. Brian Mccall has illustrated an example where a supplier sell inventory on credit to a buyer. The buyer then sells the inventory and uses the proceeds to pay a bill instead of paying the supplierAs a result, the supplier becomes an non-consensual creditors as resources are misallocated without his consent. Mccal concluded that this can happen because the supplier does not have the general right to consent to every action of the buyer that has an effect on him. However, that problem should not preclude the idea of fairness and sympathy for unsecured creditors, which is basis for the argument of consent-based theory. The theory provides that it is a violation in taking away the right to payment of creditors who are not consent to such status. By granting security for some creditors, a debtor affects the shares in the asset pool of other involuntary and uninformed creditors. Followers of this theory emphasized that there should not be any distinction between secured and unsecured creditors because both types are entitled to receive their and only their proportional distributions of their respective debts Any priority to one group will result in an ââ¬Å"unjustâ⬠distribution to the other. We will now analysis the problems resulted by security which are challenging unsecured creditors. i. Involuntary creditors In his work, Lynn LoPucki has explained why security is used despite the fact that a major of creditors does not agree with it. The relationship, after using security, between the debtor, the secured creditors and the unsecured ones is indicated as a contract where the first two agree with each other that the last will gain nothing. Therefore, security is widely used because of two parallel stimulations: no one wants to be in the situation of an unsecured creditor whose value in the debtorââ¬â¢s asset is contracted to expropriate for others; and, a debtor also wants to take benefits from ââ¬Å"selling secured status to its voluntary creditorsâ⬠. This problem threatens the right to payment of tort victims most. They clearly do not give their consent to the unsecured creditor status as well as the granting of security for other creditors. However, instead of giving them some priority as usual in tort judgement, the introduction of security to insolvency proceedings reduce their chance of receiving exposure to the debtorââ¬â¢s tort liability. This issue is originated from an argument that the consent of the unsecured creditor ââ¬â the third party, on the contract ââ¬â the granted security, between the debtor and the secured creditors, is ââ¬Å"impliedâ⬠. Such argument, according to Lopucki, is ââ¬Å"not likely to save the institution of securityâ⬠. It is also argued that it is a principle in economic theory that tort victims should be fully compensated. In regulating the issue of security, legislators who allow its use may not necessarily decide that by granting security, a company can limit or eliminate the exposure to tort liability. Where a company can give full compensation to its tort victims, it should do so ââ¬Å"to the full extent of their wealthâ⬠. ii. Uninformed creditors Sympathy should also be given to creditors who do not really understand the meaning and consequence of their consent when voluntarily entering in insolvency proceedings. It is not a ââ¬Å"meaningful consentâ⬠because they would not agree with their status and extend credit if they are well-informed to proper estimate the risk of debtorââ¬â¢s business. It may be reasoned that the system should not be changed for the benefit of uninformed creditors because they are responsible for their own decision. Also, some security-supporter may consider that the harm caused to uninformed creditors is ââ¬Å"slightâ⬠. However, it is not unreasonable that a substantial number of creditors do not really know what trouble they are falling into due to the complexity of the insolvency regime. Taking Art. 9 of the UCC, which govern insolvency matter in American system, as an example, Lynn LoPucki regards it as ââ¬Å"highly complex, unintuitive, and notoriously deceptiveâ⬠. Many creditors are small business. Thus, they have to struggle in understanding the principles provided under Art. 9 because they may not afford qualified lawyers. Moreover, this Article is clearly in favor of creditors who are secured and have full knowledge in respect of the companyââ¬â¢s financial situation. It becomes easier for them to win in the filing ââ¬Å"raceâ⬠of insolvency proceedings in spite of the fact that in certain cases, their loans are not justified; or even despite a founded principle to protect legitimate expectations of other creditors. For the purpose of further analysis, uninformed creditors are grouped with involuntary creditors to be referred to as non-consensual creditors. 2. The efficiency of secured credit According to Steven Schwarcz, there are two types of efficiency of secured credit. The first one is where the taking of security ensures the benefit of both secured and unsecured creditors by increase the debtorââ¬â¢s value to cover both types of debt. The second one focus on the harm to unsecured creditors, which is acceptable if it ââ¬Å"does not exceed the benefit to the debtor and the secured creditorâ⬠. However, it is unlikely that secured credit can achieve either types of efficiency. The debate over whether secured credit is efficient is triggered by an article by Professors Jackson and Kronman, in which they argued that it is so. Subsequently, many scholars approved this argument by indicating the economic benefits of secured credit such as lowering screening costs or giving more control and benefits to secured creditors. These are the purpose of taking secured status in transactions, which has been analysed in details above (section A(2)). In contrast, David Carlson casted doubts on the efficiency of secured credit because ââ¬Å"secured lending is not necessarily inconsistent with economic efficiency, though whether any given security interest is efficient is highly contingent and probably unknowable.â⬠Brian Mccall further emphasized on the fact that even if the proof of economic efficiency can be established, it ââ¬Å"merely tells us one of the effects of a given course of action it does not tell us normatively if such a thing should be done.â⬠By demonstrating the nature of security under the regime provide by Art. 9 in the UCC, Lynn LoPucki also proved that security is not efficient. The main reason given to establish such conclusion is that the features of security are not always present. There are three features which the author referred to as ââ¬Å"priority, encumbrance and remedyâ⬠. Each of those may exist in one type of security but not others; and some arrangements which include an above feature may not be regarded as ââ¬Å"securityâ⬠. Thus, it is difficult to ensure the ââ¬Å"efficiencyâ⬠of all secured credits granted. Sub-conslusion: Not all creditors are granted their unsecured status in the same circumstances. Depending on the reasons which results in their involvement in the debtorââ¬â¢s business, there are three different types: uninformed creditors, voluntary creditors and involuntary creditors. Among these three, uninformed creditors and involuntary creditors are the most vulnerable by the effects of secured credit. Generally, the lack of their consent may be regarded as a detriment to the right and the legitimate expectation for payment of these creditors. In addition, it is established that the use of secured credit may not always be efficient and granting security for creditors may not always be the best solution for the economy. Therefore, these problems of security should be solved by a reform of nonconsensual creditorsââ¬â¢ treatment. C.Proposals of reform As analyzed above, only a smaller proportion of creditors in insolvency proceedings may be benefited in the use of security, and their benefits are originated from the detriment of a major number of non-consensual creditors. Besides, the using of secured credit is not always effective. The question is now raised that whether there are any persuasive proposals of reform. In considering the position of non-consensual creditors in secured credit, there are three alternatives: (1) leaving the situation as it is now; (2) ensuring the payment to unsecured creditors by mandatory insurance; or (3) giving priority for nonconsensual creditors over the secured creditors As leaving the situation as it is now (alternative 1) is considered as ineffective above, we will only examination two later proposals. 1. Ensuring the payment through insurance This alternatives may be used to achieve the first type of efficiency mentioned above ââ¬â the debtor can ensure the payment for all creditors, regardless of their status as secured or unsecured despite its situation of insolvency. It is suggested by LoPucki that mandatory insurance should be taken by a company which may incur liability over involuntary creditors, especially tort claimants. By doing so, such company make it possible for their involuntary creditors to fully recover from the insurer instead of pursuing for payment from the debtors. Concurrently, the first position of secured creditors in insolvency proceedings is not arguable. 2. Non-consensual Creditors are given Priority over Secured Creditors Professor Paul Shupack has argued that if non-consensual creditors are given priority over secured creditors, no loss will be caused to the secured creditors because they may be fully compensated for the conditional risk by conditioning their loans on the debtorââ¬â¢s payment of a premium. To reach the same conclusion with Professor Paul Shupack, LoPucki put the relationship among debtors, secured and unsecured creditors in an assumption that a debtor has two creditors, one unsecured (nonconsensual) and one secured, and that in case of being insolvent, he can only to pay one of them. The aggregate loss to the economy is calculated in two alternative models: where the secured creditor has priority over the unsecured; and where the unsecured creditor has priority over the secured. In the first model, there is no other choice for the nonconsensual creditor but to extend his credit in a hope to receive some payment. Concurrently, the secured one will also extend his credit because he will be repaid. Priority is given to the later. Therefore, the unsecured will receive nothing. It may be concluded that ââ¬Å"except to the extent, if any, that the debtor derived benefit from inflicting loss on the [nonconsensual] creditor, [that] creditorââ¬â¢s loss would be an aggregate loss to the economyâ⬠. In contrast, if nonconsensual creditors have priority as in the second model, the loss to the economy is claimed to be zero.LoPucki argued that because in this case, the secured creditor knowing that priority is granted to the other, will not extend credit beyond the debtorââ¬â¢s ability to pay. Accordingly, the nonconsensual creditor will receive expected payment and there will be no loss to the economy. If the above analysis is correct, giving priority to the unsecured instead of the secured creditor will be the most effective way to reduce the summative loss to the economy and resolve the problems of misallocating resources as well as inefficient secured credit. However, it is not easy for a regime which has been considered to operate smoothly for long to accept any kind of change. Consequently, the above proposals have been subsequently criticized. 3. Are these proposals persuasive? First of all, regarding the proposal of using insurance, LoPucki himself realized the disadvantages of applying this solution. Firstly, it is a phenomenon that a company may be more likely to commit wrongful acts if such actsââ¬â¢ consequences have been insured. The acts may be committed intentionally or unintentionally, but the counter-productive result is that the company will be less alert to avoid them. Consequently, insurance in this case may bring more bad than good things, to the company, any potential tort victims and the society as a whole. Moreover, insurance will left over a large number of uninformed creditors, who are in most cases also non-consensual but can be benefit from the debtorââ¬â¢s mandatory insurance policies. Concerning LoPuckiââ¬â¢s best solution that is to give non-consensual creditors priority over secured creditors, it becomes a controversial topic where everyone expresses their own view on the relationship between security and insolvency, law and economic regulations. Professor Block-Lieb, in her reply to LoPuckiââ¬â¢s argument, even concluded that ââ¬Å"his reformulation of the unsecured creditorââ¬â¢s bargain is insufficient justification for drastic alterations to the law of secured transactions.â⬠Professor White, in considering the proposal, questioned whether ââ¬Å"Article 9 [of the UCC] is the place to deal with themâ⬠. Firstly, he argued that governmental agencies would not need priority over secured creditors because they can use tax liens for themselves. Concerning tort claims, Whiteââ¬â¢s arguments are based on elevating the status of claimants if amending Art. 9 He suggested that ââ¬Å"significant subordination of perfected security interest will drive secured creditors to look for security devices that are more wasteful but more effective (for them)â⬠. In addition, there may be a distinction between claims for pain or suffering and claims for economic injury (libel, fraud, negligence victims). Thus, it is difficult to identify which claims should be granted priority or not. Besides, ââ¬Å"if the Bankruptcy Code grants priority to the tort claimants, it can give them superiority over not only personal property secured claimants but also over other lien holders and real property mortgagees[, but] Art. 9 cannot reach real estate mortgagees and only with awkward expansion could it possibly reach and grant priority over other liens in the law of every state. At best, modification of Article 9 would be only a half measure because it deals neither with claims secured by real estate nor with claims of nonconsensual lienors.â⬠Sub-conclusion: It is submitted that there seems to be an agreement on the inefficiency of secured credit which requires many consideration for reforming. However, the reform of only a particular regime as Art. 9 in the case of the UCC is not the best solution. Security has been used for quite a long time. Its development has been so closely connected with other aspects of regulating rights and benefit of many economic factors. Therefore, a change of regime under Art. 9 alone cannot be expected to be effective. D.Conclusion Bibliography Legislations The Enterprise Act 2002 ââ¬â the United Kingdom The Uniform Commercial Code ââ¬â The United Stated Books Gerard McCormack, Secured Credit under English and American Law, Cambridge University Press, 2004 Royston Miles Goode, Legal problems of credit and security, Sweet Maxwell, 2003, 4th Ed. Journals Alan Schwartz, Security Interests and Bankruptcy Priorities: A Review of Current Theories, 10 J. Legal Stud. 1 (1981) Brian M. Mccall, ââ¬Å"Itââ¬â¢s just secured credit! The natural law case in defense of some forms of secured creditâ⬠, 43(1) Indiana Law Review, (2009) David Gray Carlson, On the Efficiency of Secured Lending, 80 VA. L. REV. 2179 (1994) Elizabeth Warren, Making Policy with Imperfect Information: The Article 9 Full Priority Debates, 82 Cornell L. Rev. (1997), 1389 F.H. Buckley, The bankruptcy priority puzzle, 72 Va. L. Rev. 1421 (1986) James J. White, ââ¬Å"Work and play in revising article 9â⬠, 80 Va. L. Rev. (1994), 2096 Lynn M. LoPucki, ââ¬Å"The unsecured creditorââ¬â¢s bargainâ⬠, 80 Va. L. Rev. (1994), 1907 Paul M. Shupack, Solving the Puzzle of Secured Transactions, 41 Rutgers L. Rev. (1989) 1067 Steven L. Schwarcz, ââ¬Å"The easy case for the priority of secured claims in bankruptcyâ⬠, 47 Duke L.J. (1997-98), 480 Susan Block-Lieb, The Unsecured Creditorââ¬â¢s Bargain: A Reply, 80. Va. L. Rev. (1994), 1989 Thomas H. Jackson Anthony T. Kronman, Secured Financing and Priorities Among Creditors, 88 YALE L.J. (1979), 1143 Other documents Eighth Survey of Company Insolvency by Society of Practitioners of Insolvency (1997-8). Statistics from Teresa A. Sullivan, Elizabeth Warren Jay L. Westbrook, ââ¬Å"As We Forgive Our Debtorsâ⬠18, 294 (1989) How to cite Insolvency in anglo american law, Essay examples
Monday, May 4, 2020
Miniature Paintings from the Mughal Era Essay Example For Students
Miniature Paintings from the Mughal Era Essay This avgas his punishment for having burst into the private apartments of the palace with his companions, one of whom had stabbed the emperors prime minister to death. The different episodes of the incident are shown concurrently. Kafka emerges from his sleeping quarters, sword in hand, having been awoken by the commotion. He orders the immediate death of Adam Khan, who is thrown from the terrace. The painting is from the Cabman (Book of Kafka), commissioned by Kafka as the official chronicle to his reign. The Cabman was written in Persian by his court historian and biographer, Babul F-cal, between 1590 and 1596, and the Vs partial copy tooth manuscript is thought to have been illustrated between about 1592 and 1595. This is thought to be the earliest illustrated version of the text, and drew upon the expertise of some of the best royal artists of the time Many of these are listed by Babul Faze in the third volume of the text, the Gin-i Kabuki, and some of these names appear in the illustrations, written in red ink beneath the pictures, showing that this was a royal copy made for Kafka himself. After his death, the manuscript remained in the library Of his son Changer, from Whom it was inherited by Shah Johan. The Drowning of the Chinese Beauty A folio from the Airy-e-Danish (A Book Of Animal Fables) McHugh, Reign of Kafka, 1596-7 Painter: Manikins Size: 24. 8 x 13. 9 CM Brat Kola Banyan, No. 065/22 This startling miniature, one of the finest from the brush of the well-known master Manikins, illustrates the story to the King to Baghdad getting rid of a beautiful Chinese damsel by drowning her in the waters of the Tigris, It was necessary for him to do this in order to overcome his mad infatuation for her so hat he could fulfill the greater need of his distressed subjects who he been badly neglecting. Manikins has captured the dramatic moment when the king himself undertook this terrible task as earlier attempts to eliminate her did not succeed. Manikins was a prolific painter who worked with Distant, Baseman, and Save, and avidly studied the form and technique of European paintings and engravings coming to the McHugh court. The impact of this exposure is apparent in his later works including this painting Manikins treatment of the pensive looking king, the hapless damsel, the young boatman riding on the mast of the boat or raring and arranging the sails, as well as the careful use Of pigments Of various shades, aptly reveal his superior vision and his praiseworthy technique. Advisable visits the Sage Paid Painter: Dharma Brat Kola Banyan, No. 065/7 King Advisable had a dream one night in which he encountered a sage who instructed him to search for a certain treasure which included the tour-teen precepts of Hushing, The following morning Advisable set off according to directions given in his dream. After traveling for a long time he came to a cave at the foot of the mountain where he met the sage Paid_ Dharma, a seasoned mas ter of Sabas tsarinas, has created a surreal composition of rocks with strange shapes and colors as a background against which to set the figures of the sage Paid vita his two young disciples and the visiting king and his retainers. Dharma worked as portraitist in the Chinning Mama completed in the same year (presently in the Sultana Palace Library, Tehran). The figures Of the sage, his disciples, and the king amply reveal his interest in carefully delineating observed character types. Mourning at Court A folio from the Airy. E. Danish (A Book of Painter: La Brat Kola Banyan, No. 9065/17 All was a major painter of Sabas tsarinas who contributed the largest number of miniatures in the Razz Mama, Ramadan, Tariku-i Khan-i Itinerary, Kafka Mama and other imperial manuscripts. .ucfa6e2e35b0f7dcf4266e73dc15c21ea , .ucfa6e2e35b0f7dcf4266e73dc15c21ea .postImageUrl , .ucfa6e2e35b0f7dcf4266e73dc15c21ea .centered-text-area { min-height: 80px; position: relative; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea , .ucfa6e2e35b0f7dcf4266e73dc15c21ea:hover , .ucfa6e2e35b0f7dcf4266e73dc15c21ea:visited , .ucfa6e2e35b0f7dcf4266e73dc15c21ea:active { border:0!important; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea .clearfix:after { content: ""; display: table; clear: both; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea:active , .ucfa6e2e35b0f7dcf4266e73dc15c21ea:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea .centered-text-area { width: 100%; position: relative ; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea:hover .ctaButton { background-color: #34495E!important; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea .ucfa6e2e35b0f7dcf4266e73dc15c21ea-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ucfa6e2e35b0f7dcf4266e73dc15c21ea:after { content: ""; display: block; clear: both; } READ: Additive Layer Manufacturing for Aerospace Parts EssayYet he failed to develop a personal style of his own, This particular court scene does not differ in any manner from similar court scenes in other Kafka period manuscripts Though the drawing is powerful the choice of rather dull and obtuse colors tends to make the painting less remarkable than it might have been. The artist has, however, not failed to make the characters?namely the king, the assembly of courtiers and the men standing in a semi-circle before him?alive and expressive. A King in Court A folio from the Airy-e-Danish (A Book of Painter: Baseman Brat Kaka Banyan, No. 065/3 The Assassin King Answering sent his physician-counselor Bury to collect the animal stories from India which later formed the basis of Inn almanacs 8th century Arabic Khalids WA Dinah and Hussar Visa alkalis Persian Near- i Usually, The introduction relates the story of King Adaptable who wanted to ravel to distant Sarandon, but his viziers would not let him undertake such a long and perilous journey. In this opening miniature, Baseman, one of the most talented and mature painters of Sabas tsarinas, has recreated the splendor and glory of the McHugh court in an amazing manner. ABA Earl has described him as a master in every part of picture making: designing, drawing, coloring, and portraiture. In this example his deliberate use of jewel-like pigments to depict the brilliant red and blue floral carpets, curtains, thrones, railings, costumes, and paraphernalia is remarkable. At the same time his sympathetic comprehension of human individuality is apparent in the figures of the king, the argumentative viziers, the startled courtiers, the musicians and attendants, and even the restless horse and the grimacing cheetah. A King while Hunting accidentally shoots a Woodcutter Painter: Sandals Size: 24. 8 x 13,9 CM Brat Kaka Banyan, No. 9065/25 Though Sandals did not possess the innovation of Baseman or Manikins, he was also a keen observer of men and nature. This is apparent in this composition illustrating the story of the King of Yemen who, while on a deer hunt accidentally killed an unwary woodcutter, Sandals has made his men subservient to nature, as the rolling landscape with mauve, yellow, ochre, and blue colored hills and rivers, trees, and plants, and also a distant cityscape, fill almost the whole of this composition. The king on a majestic blue-colored horse is seen wearing an expression Of helpless despair while the dead woodcutter, a replica of a detail from a European engraving, and the kings retainers as well as the caparisoned elephant in the background all occupy only the lower half of the composition. Meeting of Prince Maraud and Krause Sultan Detached miniature from the Pads Mama of Bad. Al Humid Lahore McHugh, Reign of Shah Johan, c. 1650 Painter: Fate Chain Size: 27. 3 x 18,4 CM Brat Kola Banyan, No. 403 This painting of Prince Maraud and Krause Sultan, son of Anza Muhammad Khan, the ruler of Balk and Babushka is an illustration from the second volume of Loriss Pads Mama. The scene is described in Inanity Khans Shah Johan Nard, an abridged version Of Lahore and Muhammad Wards bulky chronicle, in the following manner, When Krause Sultan arrived in the vicinity of His Royal Highness camp at Scarab, the Prince immediately sent Emir LU-Lazar out o bring him into his presence. When the Sultan entered the pavilion, the Prince advanced to the edge Of the carpet to embrace him. The painter Fate Chain. Though not as prominent as Abide Baldhead, and Pays, has excelled in his task by vividly depicting the opulence of Shah Khans court. Prince Maraud is shown embracing the visiting prince, both standing on a raised platform under a richly embroidered canopy within a pavilion made of delicately designed white Kanata. The courtiers stand in rigid rows arranged in such a manner that ones focus is effortlessly set on the figures of the princes. .ue1fb37c32a01e53d1925eba74cf88794 , .ue1fb37c32a01e53d1925eba74cf88794 .postImageUrl , .ue1fb37c32a01e53d1925eba74cf88794 .centered-text-area { min-height: 80px; position: relative; } .ue1fb37c32a01e53d1925eba74cf88794 , .ue1fb37c32a01e53d1925eba74cf88794:hover , .ue1fb37c32a01e53d1925eba74cf88794:visited , .ue1fb37c32a01e53d1925eba74cf88794:active { border:0!important; } .ue1fb37c32a01e53d1925eba74cf88794 .clearfix:after { content: ""; display: table; clear: both; } .ue1fb37c32a01e53d1925eba74cf88794 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ue1fb37c32a01e53d1925eba74cf88794:active , .ue1fb37c32a01e53d1925eba74cf88794:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ue1fb37c32a01e53d1925eba74cf88794 .centered-text-area { width: 100%; position: relative ; } .ue1fb37c32a01e53d1925eba74cf88794 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ue1fb37c32a01e53d1925eba74cf88794 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ue1fb37c32a01e53d1925eba74cf88794 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ue1fb37c32a01e53d1925eba74cf88794:hover .ctaButton { background-color: #34495E!important; } .ue1fb37c32a01e53d1925eba74cf88794 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ue1fb37c32a01e53d1925eba74cf88794 .ue1fb37c32a01e53d1925eba74cf88794-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ue1fb37c32a01e53d1925eba74cf88794:after { content: ""; display: block; clear: both; } READ: Chauvet Versus Laxcaux: Comparing Cave Paintings EssayThe background with its stark mountains, a large reservoir, and the sprawling encampment of the McHugh army, is treated with unusual and marked realism. Sabas Adventures with the Elephant Hawaii in 1561 Kafka Hunts Near Lahore and Humid Baker is Punished by Having his Head Shaved and Being Mounted on an Ass The court of young Kafka, age 13, showing his first imperial act: the arrest of an unruly courtier, who was once a favorite of Sabas father. Illustration from a manuscript of the Cabman Kafka and Tenses, visit Swami Harridans at Virginian, a painting c. 1750
Monday, March 30, 2020
Richard III - Tragedy In Isolation Essays (1137 words) -
Richard III - Tragedy in Isolation Richard III - Tragedy in Isolation "The tragedy of Richard III lies in the progressive isolation of its protagonist". Discuss. From the very opening of the play when Richard III enters "solus", the protagonist's isolation is made clear. Richard's isolation progresses as he separates himself from the other characters and breaks the natural bonds between Man and nature through his efforts to gain power. The first scene of the play begins with a soliloquy, which emphasizes Richard's physical isolation as he appears alone as he speaks to the audience. This idea of physical isolation is heightened by his references to his deformity, such as "rudely stamp'd...Cheated of feature by Dissembling Nature, deformed, unfinished. This deformity would be an outward indication to the audience of the disharmony from Nature and viciousness of his spirit. As he hates "the idle pleasures of these days" and speaks of his plots to set one brother against another, Richard seems socially apart from the figures around him, and perhaps regarded as an outsider or ostracized because of his deformity. His separation from is family is emphasized when he says "Dive, thought's down to my soul" when he sees his brother approaching. He is unable to share his thought with his own family as he is plotting against them. Thus, we are given hints of his physical, social and spiritual isolation which is developed throughout the play. But despite these hints, he still refers to himself as part of the House of York, shown in the repeated use of "Our". The concept of Richard's physical isolation is reinforced in his dealings with Anne in Act I scene ii. She calls him"thou lump of foul deformity" and "fouler toad" during their exchange. Despite these insults, she still makes time to talk to Richard, and by the end of their exchange, she has taken his ring and been "woo'd" by him. After Richard has successfully gained the throne, he isolates himself when he asks the crowd to "stand all apart" in Act IV scene ii. And later, when Richard dreams, he is completely alone. Physical isolation in Richard's deformity wins sympathy from the audience as we pity his condition. But Richard uses his deformity as a tool against the other characters, to portray them as victimizing Richard. Thus the sense of tragedy is lessened by his own actions, even though his isolation may become greater as the play progresses. Richard's psychological isolation is conveyed through his lack of conscience in his murderous acts. Nowhere does he feel remorse for his murders, until Act V scene iii when he exclaims "Have mercy Jesu!" and "O coward conscience, how dost thou afflict me!". In this turning point, Richard's division from his own self is made clear from "I and I", and "Is there a murderer here? No. Yes, I am!" He has conflicting views of himself and realizes that "no creature" loves him, not even himself. We also never the "real" mind of Richard, for he is always playing a role, of a loving brother to Clarence, a lover to Anne or a victim to the others. We feel sympathy for Richard as he awakes in a vulnerable position and for the first time acknowledges the evil that he has done. But as he only reveals his feelings of guilt in the last act of the play, we do not see him in internal turmoil and thus the sense of psychological tragedy cannot be built upon. Socially, Richard is isolated from both the upper and lower classes of society. In Act I scene iii, Richard sarcastically calls Elizabeth "sister", and she contemptuously calls him "Brother of Gloucester" making a mockery of familial bonds. Margaret calls him "cacodemon" and "devil", and any unity that the characters have on stage is temporary and superficial. In act III, the citizens are said to be "mum" and "deadly pale", which gives a sense of quiet opposition to Richard's activities. Richard is thus separated from all around him. Temporarily, we see Richard and Buckingham share a kind of bond, as Richard calls him "My other self", "My Oracle" and "My prophet". But they part when Buckingham hesitates to kill the young princes when Richard says "I wish the bastards dead". This is the only time the audience sees Richard act with any other man, but we realize that it is for purely political purposes and that the union exists only while Buckingham remains useful to him. Our sympathy for Richard is limited as we see that he has no true friendships, and does not genuinely care
Saturday, March 7, 2020
Look, See, and Watch Related Verb ESL Exercise
Look, See, and Watch Related Verb ESL Exercise Look, See and Watch are three related verbs that are easily confused. English learners can use this page to understand the differences between these three verbs. Example sentences for look, see and watch will help you understand how to use these verbs. Finally, theres an exercise to help you test your understanding of these key verbs. Look (At) Use the verb look (at) to say that you or someone else looks with concentration. In other words, you look to see something specific. Look refers to seeing something specific one time, rather than over time as with the verb watch (see below). I looked at the trees in the distance.Tom looked at the picture and smiled.Sarah looked at her sister and smiled. Look is usually used with the preposition at. However, when using look as an imperative at is not used when there is no object. Look over there!Look! Its Tom. Use look as an imperative with at when followed by an object. Look at those people.Look at me when I speak to you! See See is used to make simple statements. In other words, use see to note that you saw someone or something. I saw Tom at school yesterday.Did you see the beautiful sunset yesterday?Mary saw an interesting man while she was in Chicago. On the other hand look at and watch are used to state that you see something with particular attention. You look at something specific, and you watch something over time. Compare: I saw Jim at the party. (simple statement)I looked at Jims shirt. It was strange! (focus on a specific item)I watched Jim speaking to Tom for five minutes. He seemed nervous. (watching the movements and actions of someone or something over time) Do not use see in the progressive form as see is used to express a fact, not an action. I saw Tom at the party. (fact, not an action)We saw an interesting car on the road. (statement of an interesting story, not recounting a specific action at a specific time) The verb see is also used to express that an experience is completed. For example, you can watch a film and see a film. If you see a film, you refer to the complete act. If you watch a film you speak about the action of watching the film at a specific moment. Compare: I saw a good film yesterday. (referring to the complete film)I was watching TV when you called. (referring to the action that was interrupted) See Visit The verb see can also be used to mean to visit, or have an appointment with someone. Janice saw a doctor yesterday.Peter will see the marketing manager tomorrow.Have you seen a specialist? Watch Watch is used to express that you watch something in progress, something that changes over time. I watched the children playing in the park.She has been watching those birds over there for the past thirty minutes.What are you watching on TV? Watch is similar to look at, but it refers to an action that takes place over time. Look at is used to refer to a single instance when someone looks for something specific. Compare: I looked at the message on the billboard. (referring to looking at something once to understand)I watched the debate on TV. (referring to a show that takes place over time on TV) Practice What You've Learned For this exercise, youll choose between look (at), see or watch to complete the following sentences. Remember to conjugate the verb in the correct tense. _______ that dog over there. Its so cute!Have you ________ the new film by Spielberg?I was _______ the children play in the park when I met Alice.Im going to ________ the doctor tomorrow afternoon.Did you ________ the amount on the check carefully?Peter ________ Andrew yesterday.Alice is ___________ a show at the moment.The students __________ the information on the whiteboard.I havent ________ Susan in a long time.
Thursday, February 20, 2020
World War 2 Essay Example | Topics and Well Written Essays - 1750 words
World War 2 - Essay Example The latter seriously wanted to put a full stop to their expansionism. Unfortunately, the growth of fascist attitudes in these nations had stemmed as a chain reaction from the wounded feelings and humiliation meted out to Germany by the US and its friendly nations at the end of the First World War. The First World War had resulted in wounded feelings among Germany and its friendly nations. The greatest combine of US, Britain and France had forced on Germany, Austria-Hungary, Turkey, and Bulgaria several peace treaties as soon as the first global war ended. At the height of anti-German hatred in 1919, the Big Three 1 had forced the wounded Germany to sign the Treaty of Versailles. Finding no alternative, Germany had obliged bowing to the dictates of the Big Three. Neither America nor its friendly countries had imagined that the Germanyââ¬â¢s humiliation at their hands would arouse in course of time national feelings in that country leading to the emergence of dictatorial, highly powerful and ambitious leadership. As per the treaty, Germany had agreed to the principle of self-determination of different nationalities. Under the famous 14-point formula 2 proposed by Woodrow Wilson and ably supported by Clemenceau and George, old pre-war European empires were broken, and the map of Europe was redrawn to ensure that each nationality lived with in its own borders, independent of foreign powers. It had resulted in Germany losing 13.5% of its land and 12.5% of its population (1). This was the main reason for much of the heart- burn caused to the Germans. Obviously and ironically, US had never abided by the 14 p oints proposed by its President Woodrow Wilson. Later it became clear that the US proposed this formula with a view to cornering Germany only. As the years went by, Germany had come to know of the tricks of trade adopted by the US and thought that the latter proposed this 14-point formula to
Tuesday, February 4, 2020
Customer insight project Research Paper Example | Topics and Well Written Essays - 2500 words
Customer insight project - Research Paper Example Marks & Spencer (M&S) has been providing clothing, home products and food products to customers for over ten years (Wood & Finch, 2009). This period necessitates continued understanding of the customersââ¬â¢ loyalty and how to improve the weak areas. Understanding customers loyalty is crucial to the business management as it assist the management in decision-making (Stafford, 2009; Chislett, 2009; Willsher, 2011). A marketing research was carried out to assess the degree of customers loyalty. The research was strategic with the goals of providing information needed to remain at the top in the market. It was expected to give insights of the customers that could be used by the business manager to improve the business market power. This work reports findings from the marketing research conducted. The aim of the study was to understand and improve customer loyalty for Marks & Spencer (M&S) on the service delivery and products offered. In meeting the goal of the research, the study seeks to answer the question "how do services and product quality offered enhance customer loyalty for Marks & Spencerâ⬠? The core goal of the study was to understand customerââ¬â¢s loyalty and how to improve the degree even further in regard to Marks & Spencer products. The study proposes the following specific objectives. This study was a qualitative market research executed through a market survey. Semi-structured questionnaires were administered to the selected respondents through face-to-face interviews between them and the trained enumerators. The above ensures collection of accurate data from the respondents interviewed (Saunders, Lewis & Thornhill, 2012). Questionnaires with Likert scale scales employed with the aim of quantifying how product and service provision enhances customer loyalty in regard to Marks & Spencer. The questionnaire included an introductory section, a detailed description of Mark & Spencer and the aim of the study. The questionnaire also
Monday, January 27, 2020
An Introduction to the financial tools in measuring Liquidity and Profitability
An Introduction to the financial tools in measuring Liquidity and Profitability Tools that are important in monitoring business are liquidity and profitability. Liquidity refers to solvency meaning how quickly assets can be converted to cash while the income statement measures the financial performance of an entity through measuring profitability. The main financial documents of a company measures profitability and liquidity, the statement of comprehensive income measures profitability whilst liquidity is measured by the statement of financial position. Liquidity is measured by comparing the current assets and current liabilities of an entity. Current assets are resources of a business maturing within a year whilst current liabilities are the short term obligations of a business maturing within a year. Therefore, when measuring liquidity we measure the ability of an entity to cover its short term obligations with its current resources which includes inventory, Debtors, cash in the bank and petty cash amongst other resources. If a firm can cover its current obligations with its current resources twice it is considered liquid meaning it can cover its current obligations with few difficulties and any ratio less than that is considered illiquid meaning the entity will face difficulties in settling its current obligations which is not a good sign for any entity. Profitability is measured by matching revenue for a period with expenses for that period. Revenue is the proceeds an entity receives from selling its products from its core business activities. Whilst expenses are those costs incurred during a period in the process of generating sales revenue. Examples of expenses include electricity, rent, depreciation, salaries and wages e.t.c. The excess of revenues over expenses means the business is profitable whilst the vice versa means its making a loss. Profitability is measured in the income statement, and in addition to cash items it also considers non cash items such as depreciation. As a result profitability is not a true reflection of the cash generated by the business given the fact that it is drawn on an accrual basis. Yearling Ltd The company is faced with disagreements between two departments which are the accounting and finance staff. The accounting staff believes that if the company is profitable it should be able to pay for its obligations whilst the finance staff disagrees. The elaboration in the above paragraphs has explained profitability and liquidity and differences can be identified from the explanations. That is profitability means the ability of the firm to cover its operational expenses with its operational revenue and this includes cash and non cash items and hence can not measure the ability of a firm to pay its obligations. On the other hand liquidity measures the ability of a firm to cover its obligations with its resources and hence a perfect measure of the ability of the firm in covering its financial obligations. Hence, a profitable firm can be illiquid i.e. can face liquidity challenges in meeting its obligations. Conclusion The financial managers staff is right in advocating for party budget cut in order to reduce their financial obligations given the challenge they are faced with. On the other hand the accounting staff are wrong in thinking that a profitable firm implies liquidity as these are two different things as was discussed in the previous paragraphs. Question 2 Question 3 3.1.1. Debt Ratio Aà debt ratio compares a companys totalà debt to its total assets. Debt consists of the amounts borrowed or owing to creditors. The ratio is used to gain a general idea as to the amount of leverage or debt being used by a company. A low percentage means that the company is less dependent on debt or leverage i.e. money borrowed from and/or owed to others. The lower the proportion, the less leverage a company is using and the stronger its equity position. This is so because the lower the chances that the company will be liquidated to meet the debt obligations. In general, the higher the ratio, the more risk that company is considered to have taken on. Debt ratio is calculated by the following formula: For the companies under discussion their debt ratios are as follows: Pelican Paper Ltd Timberland Forest Ltd 1000000/10000000 5000000/10000000 10% 50% Timberland Forest Ltd has got a high ratio of 50% compared to the ratio of Pelican Paper Ltd of 10%. This means that Timberland has a high financial risk as it is financed by debt more than Pelican. The more debt compared to equity a company has, which is signalled by a high debt ratio, the more leveraged it is and the riskier it is considered to be. 3.1.2. Times Interest earned Ratio A metric used to measure a companys ability to meet its debt obligations. It is calculated by taking a companys earnings before interest and taxes (EBIT) and dividing it by the total interest payable on bonds and other contractual debt. It is usually quoted as a ratio and indicates how many times a company can cover its interest charges on a pre-tax basis. Failing to meet these obligations could force a company into bankruptcy. The ratio is calculated as follows: Times Interest Earned=Earnings before interest and taxes/interest For the two companies their respective ratios are as follows: Pelican Paper Ltd Timberland Forest Ltd 6250000/100000 6250000/500000 62.5 times 12.5times Pelican Paper Ltd has a high times interest earned ratio of 62.5times compared to Timberlands of 12.5times. This means Pelican has a high ability to cover its debts compared to Timberland as reflected by the number of times they can cover their interest obligations with available earnings. Conclusion Timberland has a high financial risk reflected by a high debt ratio and a lower time interest earned ratio. 3.2 3.2.1. Operating Profit margin Operating profit margin is the proportion of operating profit to Sales revenue for that period. Operating profit margin indicates how effective a company is at controlling the costs and expenses associated with their normal business operations. A high ratio means a high profitability whilst a lower means less profitable. The ratio is calculated as follows: Operating profit margin = operating profit/sales The respective ratios for the two companies are as follows: Pelican Paper Ltd Timberland Forest Ltd 6250000/25000000 6250000/25000000 25% 25% The companies has the same ratios and this implies that they are equally good in managing their costs and expenses hence profitability based on this ratio. 3.2.2. Net Profit Margin The ratio measures the percentage of profit available to ordinary shareholders to Sales. This number is an indication of how effective a company is at cost control. The higher the net profit margin is, the more effective the company is at converting revenue into actual profit. The net profit margins are a good way to compare companies in order to gauge which ONES are relatively more profitable. The ratio is calculated by the following formula: Net profit margin = Earnings available for ordinary share holders/sales The respective ratios of the two companies are as follows: Pelican Paper Ltd Timberland Forest Ltd 3690000/25000000 3450000/25000000 14.76% 13.80% Pelican has a high ratio compared to Timberland which means a high profitability based on this ratio. Therefore Pelican is profitable than Timberland. 3.2.3. Return on Total Assets Measures profit in proportion to total assets, in other words the effectiveness of management utilising the available assets in generating profits. A high ratio means greatest effectiveness and profitability. The ratio is calculated as follows: Return on total assets = Earnings available for ordinary shareholders/Total assets For the two companies the respective ratios are as follows: Pelican Paper Ltd Timberland Forest Ltd 3690000/10000000 3450000/10000000 36.90% 34.50% Pelican has a high ratio compared to Timberlands hence high profitability. 3.2.4. Return on common equity Measures the return earned on the ordinary shareholders investment in the firm. The amount of net incomeà returnedà as a percentageà of shareholders equity.à Return on equityà measures a corporations profitabilityà by revealing how muchà profit a company generatesà with the money shareholders have invested.à à ROE is expressed as a percentage and calculated as: Return on Equity = Net Income/Shareholders Equity Net income is for the full fiscal year (before dividends paid to common stock holders but after dividends to preferred stock.) Shareholders equity does not include preferred shares. The two companies ratios are as follows: Pelican Paper Ltd Timberland Forest Ltd 3690000/9000000 3450000/5000000 41% 69% Pelican has a lower return on equity compared to Timberland and based on this ratio Timberland is more profitable compared to Pelican. 3.3. Timberland has become more profitable because of the larger debt. Debt has a fixed interest payment and its tax allowed meaning it is tax deductable and as a result a high debt means a high interest payment and lower tax hence increased profits. 3.4. The risks undertaken by Timberland investors are basically financial risks which include the liquidity risk, interest rate risk and credit risk. Question 4 Item Change(Rands) inflow(I)/outflow(o)/neither(N) Cash +100 I Trade and other payables -1000 O Short term borrowing +500 I Long-term borrowing -2000 O Inventory +200 O Non-current assets +400 O Trade receivables -700 I Net profit +600 Depreciation +100 N Repurchase of shares +600 O Cash dividends +800 I Sale of shares +1000 I Question 5 5.1. Year Cashflow PVIF(5%) PV 1 800 0.95 761.90 2 900 0.91 816.33 3 1000 0.86 863.84 4 1500 0.82 1234.05 5 2000 0.78 1567.05 Present Value of mixed cash flows 5243.17 5.2. The amount that can be paid at most is 5à 243.17 5.3. Present Value of the mixed cash flows at 7% is as follows: Year Cashflow PVIF(5%) PV 1 800 0.93 747.66 2 900 0.87 786.09 3 1000 0.82 816.30 4 1500 0.76 1144.34 5 2000 0.71 1425.97 Present Value of mixed cash flows 4920.37 An opportunity cost of 7% implies that the investor will be prepared to pay less now and earn the same return as the one who pays more at 5% return. Question 6 6.1. Risk Averse Describes of an investor who, when faced with two investments with same or a similar expected return and different risks, will prefer the one with the lower risk. Given the trade off between risk and return its means risk averse investors will always lose on a potential of earning higher returns as investments with lower risks tend to have lower returns. 6.2. Risk indifferent This describes investors who overlook purposely risk when deciding between investments. They are also called risk neutral investors and they are mainly concerned with an investment expected return. 6.3. Risk seeking Describes investors who are willing to take additional risks for investments that have relatively low expected return. This contrasts with a typical investor mentality risk aversion. They tend to take higher risks in an effort to earn higher returns. They are also termed risk lovers. 6.4. Financial managers are best described as risk averse as they always seek to minimise risk when they make financial decisions. Question 7 7.1. Standard deviation measures the deviation of the returns from the expected return whilst range measures the differences between the highest possible return and the lowest return of a project. The higher the standard deviation the higher the risk whilst the same can be said about range, therefore project A is less risky as it has the lowest standard deviation and range compared to other projects. 7.2. Project A has a lower standard deviation 7.3 Standard deviation measures extend at which the returns are dispersed from the expected return of an asset. But it does not measure proportionately, so given different returns standard deviation will not be proper to use it as a measure of risk for purpose of comparison. 7.4 Coefficient of variation = Standard deviation/Expected Return Project Coefficient of variation A 2.9%/12% 0.24 B 3.2%/12.5% 0.26 C 3.5%/13% 0.27 D 3%/12.8% 0.23 7.5 Coefficient of variation is a best measure of risk for purposes of comparison as it measures proportional deviation from the mean. Given that Grassland owners are risk averse they will choose a project with the lowest coefficient of variation which is project D based on the table above. Question 8 8.1 Comparison of Ordinary shareholders and other providers of long term capital Ordinary Shareholders Other Suppliers of long term capital Dividends to be paid are at the discretion of the companies board of directors Receives a fixed interest whether the company made profit or not. Dividend payments are taxed Interest payments are tax deductible Permanent form of financing They mature Have secondary claims to assets and income of the company. Have primary claims to income and assets of a company. Owners of the firm Creditors of the firm Have voting rights Dont have voting rights. 8.2 Rights offering are when ordinary shareholders are offered new shares at a discounted price first before they become available to the public. Therefore, this offering protects a firms shareholders from dilution of their holding in such a way that they are given preference to maintain their holding first by being offered proportional new shares to their holding. In that manner protected from a possible dilution if they were to be taken by new shareholders. 8.3. Authorised Shares Authorised shares quantify the maximum total shares a company can be allowed to issue. In other words it is the number of shares a company is authorised to issue highlighted in its articles and memorandum of association. It is from this that the company can decide on the number of shares that it can issue and can only issue at most to this amount of authorised shares otherwise it can issue less. Issued shares Its the number of shares that has been issued and paid for and it represents part of the amount equity reflected in the statement of financial position. These also represents the amount of he authorised shares held by the public. Issued shares represents the sum of issued and treasury shares. Treasury shares A company can decide to purchase part of the issued shares back for some reasons. If it does the shares will be held by the company and they do not participate in any thing i.e. they do not participate in voting nor receive dividends. These types of shares are the ones termed treasury shares 8.4. Preference shareholders tend to have more favourable basic rights in terms of the distribution of earnings and assets compared to ordinary shareholders. They often have features of debt instruments which makes them superior in terms of claims compared to ordinary shareholders. The claims that preference shares will be discussed in the paragraphs that follow; Preference shares have a fixed claim on the firms income that takes precedence over the claim of ordinary shareholders. This makes them less risk compared to ordinary shareholders as they have guaranteed income. Given that they are participative preference shares they will also have preference over ordinary shareholders in the distribution of earnings. Furthermore, if they do not receives the dividend earnings it implies the ordinary shareholders they have not as well. This then makes and shows that the ordinary shareholders are the true risk takers. In the event of liquidation, preference shares do have a preference over ordinary shareholders in claims over assets of the firm. In other words they are paid their initial capital first before ordinary shareholders could be paid. 8.5. The cumulative future of preference shares refers to the guaranteed payment of dividends to the shares irregardless of the performance of the company. In the event of a company having less financial resources to pay for the dividend, it will be deferred and paid as and when the company realizes the resources to pay. In other words the dividends are accumulated and paid when the company can. For example, if a company is liable to pay a 10à 000 dividend annually for preference shares and it happens that one financial period the lack financial resources to pay the dividend they defer it to the following financial period. As a result, in the following financial period they will have to pay a dividend of 20à 000 which covers the 10à 000 for the last period and the 10à 000 for the current period. Question 9 Valuation of shares with no dividend growth, the formula is as follows. 9.1 Share price = Dividend per share/cost of capital 2.4/0.12 R 20.00 9.2 2.4/0.2 R 12.00 9.3 The higher the risk the higher the value, a lower interest rate results in a higher value. This is so because the lower the interest rate the higher the risk of default and that risk should be compensated by an increased capital value. The reverse is also true for a higher interest rate as it has resulted in a lower capital value.
Sunday, January 19, 2020
On Being Told I Donââ¬â¢t Speak Like a Black Person Essay
â⬠On Being Told I Donââ¬â¢t Speak Like a Black Personâ⬠tells a story of the importance in identifying your own speech and how there is nothing more personal than your own speech. Many people change their attitude, personality and in some cases the way they speak based on their environment and surroundings. The meaning of what the author wants to get across to the reader is exemplified in lines 52-70. In those lines she says how we shouldnââ¬â¢t care how any one speaks no matter what race, color, or where the individual is from. She realizes this in her own experience because her mother, father, and her all speak differently and she asks one of her friends ââ¬Å"does everyone in your family speak alikeâ⬠they responded ââ¬Å"donââ¬â¢t take this the wrong way, nothing personalâ⬠. I believe it is then that the author realizes how personal ones language is and that no person should have to defend the way they speak or what language he/she speaks. I also, found it interesting how Allison, a black woman questioned why black people just drop syllables, and sound lazy, instead of just speaking clear, clean English. She brings this up because her college acquaintances noticed how she spoke like a ââ¬Å"whiteâ⬠person instead of like a black American. The speaker also mentions that her acquaintances seemed sure they knew what a black person is supposed to sound like. The speaker is talking about how her acquaintances have a preconceived notion and stereotype on how black people should sound. There are a lot of cultural assumptions in this belief. There is a stereotype that black people are not as educated as white people. In my opinion, this is simply not true. Also, they may expect her to speak in Ebonics or improper English. The matter of the fact is that you should not be ashamed of where you come from and the way you speak, that is all part of your identity. Finally, people will one day perceive who you really are and respect your heritage.
Saturday, January 11, 2020
Gun politics in the United States Essay
To draw up case studies, it is first important to understand its various aspects. For an effective case study, one must first understand the principles of a case. It is important to understand what a case is, the types of cases there are and their purposes. Following this understanding, the methods of analyzing and discussing cases must be explored. After mastering these skills, The three stages of problem, decision and evaluation are vital to the organization of the case study. 4 ? 5 6 7 ? In all case studies we should first explore the brief synopsis of the case and its pedagogical objectives. 8 9 ? In a case method classroom, both the instructor and students must be active in different ways. The art of a case method instructor is to ask the right question at the right time, provide feedback on answers, and sustain a discussion that opens up meanings of the case. If students donââ¬â¢t come to class well-prepared, the case method will fail because the people responsible for making meaning from the case are not equipped to do it. ? 10 ? Case discussions are full of facts and information, but they arenââ¬â¢t shaped into single interpretation, the ââ¬Å"truthâ⬠. Instructors donââ¬â¢t announce definitive conclusions or right answers, although they may discriminate between more and less plausible solutions. Students enter and leave the classroom responsible for the outcomes of the discussion. For students, this is a shift from the comfort of authority and single truth to the hard work of personal responsibility and the unease of ambiguity and multiple meanings. ? 11 ? Cases are verbal representation of reality. Real business situations involve uncertainty and donââ¬â¢t present selected and sorted information. ? A case must have 3 characteristics: 1) a significant real world business issue or issues 2) Sufficient information on which to base conclusions 3) No stated conclusions 12 ? Many cases have these complicating properties: 1) Information that includes ââ¬Å"Noiseâ⬠- false, irrelevantâ⬠¦ testimony by characters in the case 2) Unstated information that must be inferred from the information that is stated 3) Nonlinear structure 13 ? A well-written case must have these characteristics. Reader of the case must be able to: 1) Construct conclusion from the information in the text 2) Filter out irrelevant portions of the text. 3) Furnish missing information through inferences. 4) Associate evidence from different parts of the case and integrate it into a conclusion. 14 ? Noise is a characteristic of real situations. Today, we are flooded in information, much of it of little value. Every case, whether it has a large amount of information or very little, requires the reader to make inferences. This can be the most difficult transition from textbooks and lectures. ? If memorization is the primary skill of the lecture model, inference is the primary skill of the case model. Furthermore, cases do not have a linear structure and are not presented in the most logical way. ? 15 ? There are 3 possible approaches to reading the case: 1) Receive it 2) Find it 3) Make it (appropriate for cases) ? ââ¬Å"Receive itâ⬠states both subject and its significance (fits a text such as news story) ââ¬Å"Find itâ⬠states keys and clues to find the solution (fits a text such as mystery novel) On the first reading of the case, it can seem to be a whole that is less than the sum of its parts. Indeed, the most basic matters of fact are not clearly stated or are stated in multiple ways. Students have to read a case actively (Active Reading) and construct their own meaning based on pedagogical objectives of the case and the theories and concepts already discussed in the class. 16 ? ? ? A case is a text that refuses to explain itself; hence, a meaning needs to be constructed for it. To analyze a case, the contextual factors concerning it must first be studied in order to allow a deeper understanding of the case (Situational analysis) Contextual information helps to limit and narrow the analysis of the case. Courses are often divided up into different modules or themes defined by certain types of situations and, often, concepts, theories, and practices appropriate for these situations. Students should learn how to make a case with relevant information based on the objectives of the case or questions already given by the instructor. 18 ? ? ? The method of analyzing a text is heuristic, meaning that important aspects of the situation in which the case is set must be identified and understood. This is a term used for self-guided learning that employs analysis to help draw conclusions about a situation. 19 ? Analysis has two closely related definitions: to break something up into its constituent parts; and to study the relationships of the parts to the whole. To analyze a case, you therefore need ways of identifying and understanding important aspects of a situation and what they mean to the overall situation. ? Thinking about a case must start before you begin making it. This way, the different questions arising about the case can be answered during the reading process. For example, the framework of a certain concept may guide a product launch decision. Hence, specialized methods are advantageous in achieving well-defined purposes. 20 21 22. 23 The following will provide a starting point for further understanding the different aspects of analyzing a case: ? There are four types of situations which appear repeatedly in case: â⬠º Problems â⬠º Decisions â⬠º Evaluations â⬠º Rules (complicated for beginners) 24 ? The definition of ââ¬Å"problemâ⬠as a case situation is quite specific, unlike its other suggestions. Problem is a situation in which there is a significant outcome or performance, and there is no explicit explanation of the outcome or the performance. A problem in a case study is when the outcome or performance is significant yet there is no clear explanation of why it has happened. The causes of these outcomes are important to know so that the situation can be improved. ? 25 ? The outcomes of the cases may be negative. This is as a result of the fact that the change effort of the manager may be self-destructive. This result may arise from weaknesses that are unapparent. For efficient problem analysis, the problem first has to be defined. This is where success can come to be seen as a problem, in its own special meaning. ? ? Next, the problem must be explained by linking the outcome or performance to its root causes. Specialized methods of business disciplines are needed as tools to carry out this analysis. 26 ? Problem analysis begins with a definition of the problem. That seems obvious, yet many cases do not state a problem. As a result, you will first need to realize that a problem does exist. After this, you must define it yourself. Next, you must work out an explanation of the problem. This can be done by linking the outcome or performance to its root causes. This is the main work of problem analysis. To carry it out, you will need to employ the relevant tools, the specialized methods of business disciplines such as Strategy or SCM or operations management. 27 ? Would Barnes & Noble have benefited (or been hindered) by its physical organizational structure and management processes in its attempt to strengthen its position as an electronic commerce product/service provider? Defend your arguments. 28 ? Many cases complicate the decision immediately. Many of these are organized around an explicit decision. The decision, however, should not be based on other situations. The existence of an explicit decision is an important distinction, because nearly all business cases involve decision. In many other cases, however, the decisions are implicit and dependant on another situation. The decisions featured in various cases vary greatly in scope, consequence and available data. An executive must decide whether to launch a product, move a plant, pursue a merger, or provide financing for a planned expansion. ? 29 ? Analyzing a decision requires the following, regardless of the dimensions of a decision: â⬠º Decision options â⬠º Decision criteria â⬠º Relevant evidence ? The decision options are often mentioned in the case itself. A stated decision needs to be followed by a statement of the alternative decision options. Finding these or coming up with them can be set as the first goal of the analysis. 30 ? In making a rational decision, the appropriate criteria need to be determined. By thoroughly studying the specifics of the case with the help of specialized methods, the criteria can be derived from the case, as they are not likely to be directly stated. The criteria are then used to develop evidence so as to complete a decision analysis. The decision must be the best option between the evidence and criteria available. In decision analysis, no decision is objectively correct. The goal is to find a decision that creates more benefits than the alternatives, as well as having less severe downsides. 31 ? ? ââ¬Å"If we are to continue outsourcing, and even consider expanding it, why should we keep paying someone else to do what we can do for ourselves? â⬠what are the stimuli behind such a statement to reflect on eBay customer support decision? 32 ? In an evaluation, a judgment is expressed about the worth, value, or effectiveness of a performance, act, or outcome. An outcome can be the subject of an assessment. The analysis of an evaluation can be based on any unit, from an individual to a global region. ? The outcome can be the subject of an assessment. The competitive position of a company, for instance, is the outcome of numerous decisions and performances as well as contingencies such as macroeconomic conditions. 33 ? Evaluations require appropriate criteria for setting the standards for assessing worth, value, or effectiveness. These criteria can be inferred from the particulars of a situation, with the aid of specialized methods. An overall evaluation will express the best option between the evidence and the criteria. Another requirement of an evaluation is that it includes both positive and negative aspects. Both strengths and weaknesses require analyzing. ? ? 34 ? 1. Is it justifiable for a company like Amazon. com to continue investing so much money and effort in a business operation that not only has made a profit for nearly 5 years but was incurring heavier losses? (Refer to the companyââ¬â¢s financial statements) 35 ? The key to the analyzing process is active reading in order to make a case, as it is interrogative, purposeful, and iterative, meaning that you make multiple passes through a case and each time reading with various purposes. 37 ? Three factors contribute to active reading: a goal, a point of view, and a hypothesis. Goal of Analysis ââ¬â Concrete limits must be set in order to derive the desirable information form the case. In addition, a time limit can be used to make the time spent on analyzing the case more productive. the main character. This way, making a decision as a person in that situation will help making conclusions easier. compare and contrast a concrete statement against case evidence. â⬠º Point of View ââ¬â It is effective to pout oneself in the place of â⬠º Hypotheses ââ¬â This gives the advantage of being able to 38 ? The process of working on a case has five phases: 1) Situation 2) Questions 3) Hypothesis 4) Proof and action 5) Alternatives 39 The analysis can first be structured as a series of questions and then identifying the situation by reading the first and last sections. The opening or end of a case may present partial or complete descriptions of the problem as well as expressing a tension or conflict vital to the analysis. 40 Knowing the situation allows you to ask questions pertinent to a problem, a decision, or an evaluation. Hence, the stages previously stated can develop the needed understanding to ask the questions in this second phase. Making a content inventory of the case, to locate information that might be used to answer the questions about the situation, can be useful. 41 â⬠º Problem ââ¬â Who or what is the subject of the problem? What is the problem? Am I trying to account for a failure, a success, or something more ambiguous? What is the significance of the problem to the subject? Who is responsible for the problem and what might he need to know to do something about it? â⬠º Decision ââ¬â What are the decision options? Do any seem particularly strong or weak? What is at stake of the decision? What are the possible criteria? What might the most important criteria be for this kind of decision? Are any of the criteria explicitly discussed in the case? â⬠º Evaluation ââ¬â Who or what is being evaluated? Who is responsible for the evaluation? What is at stake? What are the possible criteria? What might the possible criteria be for this sort of evaluation? Are any of the criteria explicitly discussed in the case? 42 ? Instructor may decide to provide situation guidelines and questions regarding the case study for students: 1) Situation 2) Questions 3) Hypothesis 4) Proof and action 5) Alternatives 43. This is the most important phase while working on the case. This involves narrowing the possibilities to the one that seems most plausible. There are different aspects to take into consideration, depending on if you are dealing with a problem, a decision, or an evaluation. Recording your thought process can help the development of this stage. 44 ? ââ¬â Make sure you know the problem that needs to be diagnosed. Consider whether the characteristics of the problem suggest causes. ââ¬â Think about the frameworks that seem most appropriate to the situation. Quickly review the specifics of the frameworks if you are not certain about them. ââ¬â Pursue the diagnosis by looking at case information through the lens of the cause you are most certain about. ââ¬â For each cause, make a separate pass through the case looking for evidence of it. ââ¬â If the case has a lot of quantitative evidence, to what case is it most relevant? If you do not have a case relevant to the quantitative evidence, formulate one. Work up as much relevant, high-value quantitative evidence as you can. ââ¬â In a case with a protagonist (central character), consider whether she is a potential cause. If you think she is, work out how she contributes to the problem. Problem 45 Energy = 2/3 consulting + all of technology service Industry = 1/3 consulting + all of certification 46 ? Decision ââ¬â Review the criteria you have come up with so far. Which do you have the most confidence in? ââ¬â Review the decision options. Do any seem especially strong or weak? ââ¬â Apply the criteria that seem to identify the most evidence in the case. ââ¬â Investigate the strongest decision option with the criterion you have the most confidence in. or, if you are reasonably certain about what which is the weakest, see if you can quickly dismiss that option. ââ¬â If the case has a lot of quantitative evidence, which criterion is most relevant to it? If you do not have the criterion relevant to the quantitative evidence, formulate one. Work up as much relevant, high-value quantitative evidence as you can. ââ¬â If there are conflicts about the decision between individuals or groups, think about why it is. Look at the decision from the point of view of each of the parties to the conflict. ââ¬â If the protagonist is in a difficult position in relation to the decision, consider why that is. 47 48 49 ? Evaluation ââ¬â Review the criteria you have come up with so far. Which do you have the most confidence in? ââ¬â What are the terms of the evaluation going to be? Do any stand out in the case? ââ¬â Do you already have a sense of the bottom-line evaluation you favor? If you do, what are the reasons for the preference? Pursue those reasons. ââ¬â Start by applying the criterion that seems to identify the most evidence in the case. ââ¬â Investigate the most positive range or the most negative with the criterion you have the most confidence in. ââ¬â Investigate the most positive rating or the most negative with the criterion you have the most confidence in. ââ¬â If the case has a lot of quantitative evidence, which criterion is most relevant to it? If you do not have a criterion relevant to the quantitative evidence, formulate one. Work up as much relevant, high-value, quantitative evidence as you can. 50 08 ðŸË⢠?â⬠¢ à « à » ( )? ?â⬠¢ à « à » ( )? ?â⬠¢ à « à » ( )? ?â⬠¢ à « à » ( )? ðŸË⢠?15? A hypothesis drives a different approach to the case. You will start proving something you have already found out. Evidence supporting the hypothesis can be found in this stage. After this, the evidence can be assessed and a decision option can be drawn up, also finding the actionable content of the decision made. The last phase involves questioning your own hypothesis. This means reading your hypothesis and evidence with a critical eye. In this way, you can be the one who notices the weaknesses in the first place. â⬠º â⬠º Problem ââ¬â Can the problem be defined differently? Would that make a difference to the diagnosis? Are there any holes in the diagnosis ââ¬â could there be causes missing? What is the weakest part of the diagnosis? Could an entirely different diagnosis be made? What would it look like? Decision ââ¬â What is the biggest downside of the recommended decision? How would you manage the downside? What is the strongest evidence against the recommendation? How would a case for the major alternative look? 55 â⬠º Evaluation ââ¬â Have you been objective and thorough ? If a hypothesis, after all these stages of analyzing and evaluation, fails, looking at alternative ideas can help to come up with another, stronger, hypothesis. This can be made into a useful learning experience for gaining more expertise. Such a case may arise if you perhaps overlooked important information or not used specialized tools effectively. about the evaluation findings that oppose your overall assessment? Think how a different overall evaluation might be proved. Have you accounted for factors that the subject of the evaluation could not control? 56 ? Potential for further discussion 57 ?â⬠¢ 02 0102 ? Deepwater Horizon , 11 ? 71 . 3 002 ? ? .? ?85? ? The variables that influence the path and quality of a case discussion include the instructor, the students, the case, and a host of other possibilities such as the physical setting, the time of day, or the proximity to exams. The only variable that you can control is yourself. Case discussions are the most important part of Industrial Engineering and Business studies classrooms. This method encourages students to apply their learned theories and be able to contribute as part of a group to converse in a business matter. Therefore, skills to communicate and participate are very essential. 60 ? ? A case is a condition explained in which the students attribute with giving their own opinions about it, as well as listening to their peers. It is important for everyone in the case class to contribute in the discussion and comment on it. 61 ? Unfortunately there are some students who do not find it comfortable to participate in the class and feel threatened. This could be due to several reasons. ? The language used in the class might be different from their motherââ¬â¢s tongue and therefore give them the fear of making a mistake in front of their native speaker peers. They might have the fear that they do not have enough knowledge and background about business as others do, and therefore make themselves look silly by making a useless comment and several other reasons, which limits students from participating. Strategies have been used by instructors to overcome these kinds of fears. 62 ? ? Preparing comments and speeches are among the tactics used to overcome fears. Students prepare all their comments and what they want to say before the class and write them down, ready to be said. They will feel comfortable thinking they will have a valuable point to make. This is not always right. A discussion is not predictable, and the preparation might not work very well. The discussion might go into a totally different path in which the prepared points are irrelevant. On the other hand a flexible plan preparation can be helpful. It only causes problems when it is ââ¬Å"over preparedâ⬠. ? 63 ? Another tactic is to enter the discussion with a delay, which is after listening to the peers and the professor and trying to make a comment relevant to theirs. This is not a very good way. In fact, it makes it harder to enter a discussion, thinking that only a perfect comment will give him the power to break into the discussion. Therefore the earlier the student starts participating, preferably from the first class, he will feel more comfortable. ? 64 ? Case method exposes risk which is shared by everyone. Risk isnââ¬â¢t purely negative; it is a motivator to do the hard work the case method requires. The most valuable advice about case discussion is to speak up early. Speaking up early not only reduces the nervousness of being in the spotlight It also assists you in setting realistic expectations for yourself. â⬠º Setting a limit on your case preparation has several benefits: it puts a healthy pressure on students to use the time well; and it encourages students to pay attention to how you analyze a case. â⬠º Read the case actively. Reading passively is one of the most important obstacles to efficient analysis. 65 ? In addition, students can try to get to know each other outside the classroom. This reduces their fear and strangeness towards each other. ? They can meet outside the classroom. This will definitely change the environment in the classroom. Building a social network is important to case discussion. Students surrounded by classmates who clearly respect them will probably be at least a little more willing to take risks in discussions. The often subtle but damaging influence of stereotypes about gender, personal appearance, and many other characteristics can be muted when people get to know each other as they are instead of what they are projected to be. A classroom friend can encourage a quiet student to speak up or to take bigger risks with his/her comments 66. Regardless of business seriousness, it is alsoà helpful to be funny at some points, and make others enjoy the class with a little humor. participation. However it should be accompanied by participating. It is important to listen to everyone carefully and contribute equally, and do not hesitate to talk whenever an idea pops in the mind. â⬠º Listening is the most important factor of 67 â⬠º Take a little time after class to think about the discussion before the memory of it fades away, youââ¬â¢ll capture more of the value of the classroom experience. The short-term benefit is greater clarity about the issues that link on case to another and lends coherence to a course. In long run, these takeaways become your personal bible for leadership. is the product of useful contributions over a period of time, not occasional bravura performance. â⬠º You need to be patient. Effective collaboration 68 ? In conclusion, it is important to first analyze and discuss a case to develop oneââ¬â¢s understanding of it. Afterwards, the knowledge gained can be employed to draw up the planning of the casebased essay. Finally, using the guidelines outlined, the different aspects of the case analyzed can be used to write up a well-researched essay. 69 ? Ellet W (2007) The Case Study Handbook: How to Read, Discuss, and Write Persuasively About Cases (Boston: Harvard Business School Press) ECCH Case Study Workshop 2010 ? 70 View as multi-pages TOPICS IN THIS DOCUMENT Scientific method, Casebook method, Case study, Qualitative research RELATED DOCUMENTS How to analyse case study â⬠¦ How to analyse a case study Step 1: Get a general impression â⬠¢ Which organisations and industries/sectors does it relate to? â⬠¢ Is the organisation doing well or badly and how has it performed in the past? Is it an organisation that has an unbroken record of success or has it fallen on hard times? â⬠¢ Look at the development of the organisation over time. What strategies has it pursued? Which have succeeded and which have failed? 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Key elements of a case study report What is a case? A case might be: ? Aâ⬠¦ 4076 Words |
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