Monday, September 30, 2019

Captivity of Marine Mammals

Captivity of Marine Mammals The concern that is being presented is that of whether we should allow marine parks to stay open has been extensively debated in our community of late. It is a significant issue due to the fact that it concerns deep-seated moral and economic questions about the utilization of our native wildlife. There have been an extensive range of different arguments being pushed to the forefront about this issue. In this essay, the arguments will be considered of that for having marine parks and point to some of the problems with these views.Afterward, reasons will be put forward for the introduction of regulations which disallow these uncalled for and malicious institutions to be in existence. It has been argued that dolphin parks provide the only prospect for much of the public to see marine mammals. It is argued that most Australians live in cities and by no means get to see these animals. The claim is that marine parks give the Australians the opportunity to truly appreciate our wildlife.However, dolphins, whales and seals can be viewed in the wild at numeral places on the coast of Australia. In fact, there are a lot more places where they can be seen in the wild compared to those in which they can be seen in captivity. Furthermore, most Australians would have to endure less travel to get to these locations than they would to get to the marine parks on the Gold Coast. Also, places where wild marine mammals are located do not charge an inflated entry fee; these places are free to the public.It is debated that we need marine parks for scientific research and the knowledge which is obtained, can be useful for planning for the conservation of marine mammal species. However, park research is only useful for understanding imprisoned animals and is not constructive for education about animals in their natural habitat. The biology of dolphins and whales varies under marine park conditions. This has an effect on their diet, life spans and they are als o more prone to disease in this environment.Also, marine mammals in dolphin parks are trained and have their behavior modified, which means that their patterns of social behavior are changed. Therefore the research that is conducted at marine parks is commonly not dependable. It is the contention that marine parks attract a lot of foreign tourists, which goes on to emphasize that these tourists squander a lot of money, escalating our foreign exchange income and supplementing our national balance of payments. However, foreign tourists would still be attracted to visit Australia whether these facilities were open or not.It is shown in numerous surveys conducted of overseas tourists show that they come here for a variety of other reasons and not to visit places like SeaWorld. Tourists come here to see our native wildlife in its natural habitat and not to see it imprisoned in cages and cement pools. They have the ability to see those types of things without leaving their own country. Fu rthermore; we should be more concerned with the promotion of our beautiful natural environment to tourists and not the ugly concrete marine park venues.The widespread uses of marine mammal parks are downright cruel. The situation in which dolphins and whales are kept in these parks are very small, cramped ponds, when in the wild they are used to roving elongated distances across the seas. Furthermore, the concrete walls of the pools create an interference with the animals' sonar systems of communication. In addition, holding them captive in pools is a dreadful constraint of the freedom of fellow creatures that may have very elevated levels of intelligence and sophisticated language aptitude.Also, there are many acknowledged instances of marine mammals assisting humans who are in jeopardy at sea or helping fisherman with their work. The conclusion comes to the fact that these parks should be shut down, or at the very least, no new species should be captured for marine parks in the fu ture. Our society is no longer prepared to put up with uncalled for brutality to animals for the sake of science and entertainment. If we carry on with our past crimes against these creatures we will forever be remembered as cruel and inhuman by the generations of the future.

Sunday, September 29, 2019

Legitimate Trade And Cash Crops Essay

[European missionaries] attempted to end the slave trade, that is trade in some goods other than slaves. The anti-slavery movement was a largely humanitarian movement that began in the early 19th century. The attempt to end the slave trade also was intended to further Europeanize African societies. Not only did the â€Å"legitimization† of trade seek to end the Atlantic slave trade, but also the slave that had existed among Africans for centuries. Therefore, many aspects of the traditional African society were altered. As the slave trade died, new markets opened both to meet European demands and to take advantage of the available African labor. Most of the products that the Europeans implemented were cash crops. Various cash crops included cotton, maize, tobacco, sugar, coffee, tea, palm oil, and groundnuts. The cash crops were in high demand in the rest of the world and played a major part in the modernization of most regions of the continent. Europeans pursued the production of cash crops for the purpose of raising revenue to pay for the expenses of the colonization process. As a result, traditional subsistence farming lost importance, most nations focused on only a single or a few crops, nationalism of land occurred, and innovations were brought to Africa such as irrigation.

Saturday, September 28, 2019

Cheating Behavior Among Undergraduate Students Psychology Essay

Cheating Behavior Among Undergraduate Students Psychology Essay The journal articles that are reviewed here have common keywords which are students and cheating, which can be classified as academic dishonesty. The research in the first journal is about cheating behavior among undergraduate students. The critical review in the first journal basically criticized the Methodological issue and theoretical issue which involve the sample of the study, procedures and how the research is beneficial to others. The research in the second journal however is about Academic dishonesty and perceptions of Pakistani students. The critical review in the second journal criticized about the Methodological issue and theoretical issue which involve Sample of the study, research instrument and procedure of study. Journal 1 Cheating behavior among undergraduate students Batool, Saeeda; Abbas, Anam; Naeemi, Zahra. International Journal of Business and Social Science, ISSN 2219-1933, 01/2011, Volume 2, Issue 3, p. 246 Summary This research paper has taken into considerat ion the factors that persuade students at the undergraduate level to cheat. The basic purpose of this research paper is to analyze the reasons that persuade students to cheat at the undergraduate level. In this paper, the factors taken in to account are student CGPA, parental pressure, lack of preparation for a particular exam, student’s time consumed in extracurricular activities and gender on the level of cheating done by students. Specifically, for this paper the term ‘cheating’ means the following; cheating on quizzes, exams and assignments. For research and data collection purposes, the total sample size taken is 300 undergraduate students from five different universities. With the data that was collected, analysis was done through cross-tabulation and other tools for defining the relationship between the dependent and independent variables. Lastly, this paper also talks about the relationship between the factors that cause undergraduate to cheat. Journal 1 Critical Review Methodological Issue Sample of the Study A total of 300 undergraduate students were involved in this research. 60 undergraduate students were selected from five different universities and colleges. The universities and colleges that were involved were NUST Business School, Bahria University, FAST, Islamic International University and Shifa Medical College which are all situated in Islamabad. Even though the sample size of each institution was equal, the data from this research cannot be generalized worldwide due to the small sample of this research and the race of the sample. Even though the sample size of the study was equal, but it is unknown that whether the male ratio and female ration are equal in each sample size. Moreover, the data that were collected were all from the undergraduates in Islamabad, which composed of mostly Middle Eastern students. In addition, the institutions were not chosen at random, due to the institutions were chosen based on the authorsâ €™ ability to conduct the study. Thus, it will be inappropriate to use the title of this research which is â€Å"cheating behaviors among undergraduate students† due to the data cannot be generalized. Aside from, that it is unknown that whether the participants were selected randomly or the participants voluntarily participate the research. But, in this case, the researcher most probably adapted the method of convenient sampling. Even though, convenient sampling allows researcher to collect data easily, but it also has the element of selection bias which might affect the results of the research.

Friday, September 27, 2019

Abraham Lincoln, Charleston Debate Essay Example | Topics and Well Written Essays - 500 words

Abraham Lincoln, Charleston Debate - Essay Example From the excerpt, Lincoln desists from encouraging equality in the country. In fact, he supports that fact that races are not equal, and the white race should reign supreme. In essence, Lincoln says that equality cannot be attained without upsetting the social balance, which could have more adverse effects. He asserts that the ethnic differences between whites and black is enough hindrance for these people not to be equal. Lincoln argues that a stable society must have people to take up superior places and others to take inferior places. He claims that although Negroes cannot be denied everything, they should not take up leadership positions and reign over the white people (â€Å"Fourth Joint Debate at Charleston† para. 2). Despite his stance on race and equality, Lincoln is opposed to the expansion of slavery in the country. The northwestern states had abolished slavery and were agitating for abolishment of slavery throughout the country. Lincoln argued that although Negroes could not have equal rights, it was improper to discriminate them when the constitution had granted their citizenship (Lincoln n.p). The debate in the excerpt closely resembles current political rhetoric. Lincoln and Douglas used the ethos, pathos and logos to attract support from the electorate. The use of rhetoric in the then politics and today’s politics was to humiliate the opponents and pose them as against the people. In the excerpt, Lincoln uses rhetoric to attack Douglas on the issue of slavery and how he altered the law to allow Kansas choose the fate of slaves in the state (â€Å"Fourth Joint Debate at Charleston† para. 3). The rhetoric in the debate is manifest in today’s politics where politicians use issues of concern to the electorate to attack opponents. Political rhetoric in 1858 concentrated on finding fault in the system and proposing the way forward. Lincoln attacked Douglas as a person who could not be trusted because he had changed the contents of a

Thursday, September 26, 2019

Organisational Change Essay Example | Topics and Well Written Essays - 1500 words

Organisational Change - Essay Example The current paper elaborates upon only a few of the things that are possible for workforce planning and management managers to initiate organizational changes. Organizational Change ideally is an ongoing phenomenon that ensures that organizations are responsive to the changes in the external environments (Beitler, 2006, pp 7). Environmental changes due to changed business and legal requirements, changing governmental and political situations, change in technology, change in market place and competitors and change in society etc. have a direct impact on the working and performance of an organization. These changes will impact how the products or services of the organization are perceived by the customers and may also impact upon the sales and long term survivability of the organization (Beitler, 2006, pp 9). Internal organizational changes may be spontaneous - as in the case when the organization launches a new product in response to the competitor’s new product, or in case when change is enacted in compensation and leaves policies in response to changes in law or regulations of the country in which the organization is operating. Spontaneous or mandatory changes are not pre-planned and are considered to be one-of actions or changes to meet a current crisis or to take advantage of an existing opportunity. On the other hand, organizations that have a strategic vision and do long term planning are able to predict and prepare for future challenges by enacting a planned organizational change. Such organizations are able to develop an insight about future requirements, future business opportunities or perceive future threats and then spend time and resources in enacting pervasive and lasting changes in the business operations, organizational structure, business planning or manpower planning and trainings . Traditionally, human resource management and workforce management has been viewed

In The News Assignment Example | Topics and Well Written Essays - 1000 words

In The News - Assignment Example In order to meet the demands of customers of these days, it has become important for organizations to revalue their propositions; it means organizations need to do re-evaluation of their value propositions so that they can survive in today’s tough competitive environment (Zoti & Amit, 2008). According to Dafikapu (2011), new business environment has augmented the need of addressing the customer needs along with capturing value from the products and services that are offered to the customers. It is important that every organization has a well-designed business model so that innovators working within business are able to give superior quality products and services. Business model is most important for Internet companies because revenue streams are heavily dependent on customer perception about offerings made by them (Teece, 2010). In order to be successful, every organization needs to ensure that it has a well designed business strategy. When top ranked organizations business st ructures are studied, it can be judged that their success is dependent on the business model used by its owners along with their vision and business strategy. ... According to Daniels, Radebaugh, & Sullivan (2012), a business strategy should have incorporation of following aspects: 1. Business scope – Offering on which the strategy is to be applied. 2. Needs assessment of customers – All current and potential needs of both existing and future customers of the business. 3. Competence / Competitive advantage – Unique competency or distinctive capabilities which will give competitive edge that will help in meeting needs of customers for long run. 4. Securing business competitiveness – Ensuring right competencies are developed so that future of business is feasible. An effective and well-designed business strategy which has six elements as identified by Shediac, Moujaes & Najjar (2011), the scope of business is correctly defined, documentation is done appropriately, real customer needs should be addressed, do exploitation of competencies that are genuine, develop sustainable competitive advantage and it should provide p erfect ground for implementation of strategic plan. Factors important for business strategy When business strategy is being designed, it is important that various factors that are important for business should be taken into account such as its scope, purpose of existence, target market, competitors of the company, availability of suppliers, distribution network, external environment of business, political stability, climatic and economic conditions and many more (Casadesus-Masanell & Ricart, 2009). When an organization has multiple businesses, it needs to ensure that it has separate business strategy for each of the business. For instance, Apple has separate strategies for its computers, iPhones, Tablets and iPads (Meyer, 2011). The business scope needs to be defined in mediocre way so

Wednesday, September 25, 2019

Language is the Most Important Component of Communication Essay

Language is the Most Important Component of Communication - Essay Example The study of language, known as linguistics, has tried to show how language develops among different communities. This study also tries to understand the factors that contribute to similarities and differences in languages. It is clear from the chapter that language does not only mean the ability to talk. There are many forms of language used by human beings to communicate. Spoken language is the most common among them. Currently, there are about three thousands to six thousands different languages in the world. Linguistic anthropology, a branch of linguistics, majors in the study of structure of language. In this study, anthropologists study patterns of sound, the meaning of words made by these sounds, and how these words are combines to make meaningful sentences. Semantics are also covered in this area. Different people from different locations use different terns to describe similar things and physical phenomena in their environment. However, there are some similarities in some of their classifications for instance relatives. Also another area of concern for anthropologists is the origin of language. There are different models that explain the origin and development of language. For instance, from the behaviorist model, a person acquires and develops language from both negative and positive experiences. In linguistics, specifically historical linguistics, the relationship between different languages is also explored. ... Another field of linguistic anthropology is the study of non-verbal communication. Different communities have different forms of nonverbal communication. However, there are those that are universal. Non-verbal communication uses signs and body language to communicate different messages. This field of linguistics have helped very much especially in the study of sign language which is now being used universally. Yet another modern form of language is coded language which is very specialized. This field is being utilized in the field of science for instance in computers. Question two Language is part of every society’s culture therefore understanding the language of a community helps in understanding of a culture of a society. In studying the similarities, differences and development of languages of different communities, we are able to understand the societies better. For example there are communities that live in different geographic locations but have similar or related langua ges. Through this, we can be able to trace the origin of some communities. In these modern days, globalization has influenced almost all aspects in life language included. By making the world a global village means that there is a need for every person from any part of the world to understand each other. In the early times, communication was the major barrier to globalization. Studies in linguistics made everything easier all over sudden. With development of sign language people could communicate and even do business without necessarily having to talk. Again, development of sign language has helped in communication of people who cannot talk or hear. The study of linguistics is being applied

Tuesday, September 24, 2019

The three keys to success in retailing are location, location, Essay

The three keys to success in retailing are location, location, location - Essay Example This eventually led to symbolic representation, of these debts in the form of precious items like gemstones etc. and eventually the instrument 'Money' developed and is being exchanged. Ultimately, markets developed and shops became a permanent part of these markets. This was where the retail trade initiated. Retail trade in actual is embedded in two significant groups the Peddlers and the Producers. The peddlers would purchase the commodities they thought would sell in the market for a profit and the producers on the other hand were more interested in selling only the goods they were producing . This trend continues even today, with certain specific shops specializing in certain specific areas, these actually reflect their origins, as in a broad mix of producers. Such as a general store. Such as Casey's in the mid west of U.S.A .the general store has taken over the establishments of specialist shops. The customer's find this more convenient o visit, than to visit four different shops for their choice of goods. The term Convenience stores are also used for such stores. These have further developed into Super markets or super stores'1. 'It was Frank Woolworth who initiated his retail business also his career in 1873. He worked as a sales assistant in the Augusbury and Moore Dry goods store in Water Town New York. William Moore the co owner took pity on this young boy and accepted his plea of a three month free work trial at the store. The country (America) was still recuperating since after the civil war and the cash was surely tight. A brainwave occurred to Moore; he wanted to display all his surplus stock at a fixed price of 5 cents per piece. He then asked Frank to arrange for it. Back in 1877 this fixed price strategy for one whole day was quite new, and not a routine concept like today. In those days, the prices never used to be displayed along with the products instead the customers had to always ask the assistant for the prices. These prices in those times used to vary from individual buyer to another individual buyer majorly depending upon how they looked! An amazingly attractive display was setup by Frank, he used a red colored material and it had Gold lettering over it , this boosted sales and also developed a lot many peoples interest . Frank truly believed that a whole big Store could be filled up with five cent goods rather than just one single counter. And, so in 1879, he somehow was able to persuade Mr. William Moore to support him in the opening of a store of his own. He failed in his first attempt, which was at Utica in New York. His store was popular initially but gradually the sales declined. But at his first attempt frank had made enough money to clear all his debts and also along with all this he learnt a very valuable lesson , that he had to really make sure that his store should have been located at the heart of the town instead of some side street area . He gave it another try and this time around he, opened in Lancaster Pennsylvania, about 60 miles away. Franks' store opened on June 21st, 1879. It was a huge success from the start, taking $127.65 on its first day. Woolworth's Success Someone

Monday, September 23, 2019

What are some of the strengths and weaknesses of revealed preference Lab Report

What are some of the strengths and weaknesses of revealed preference methods used to determine market values for environmental goods and services - Lab Report Example choices made by individuals on the basis of comparing the influence of policies on consumer behaviour is meant examine and reveal consumer purchasing habits on the basis of their market value. This theory examines the idea of diminishing marginal rate of substitution and identifies how consumers make decisions on the best ways of maximising utility. This involves the identification of the consumptive value of environmental attributes or goods. Clearly, this is a problem of theoretical assumptions made by the economist who measures the data and sets the parameters for the study. This is because the theory is mainly conceptual and most consumers’ minds and their views and sensitivity to issues cannot be measured in the same way other empirical materials might be measured. Thus, there is an issue with the design of the data collection systems and the underlining assumptions of the study and research. Secondly, the data collection process is open to a lot of issues and difficulties when the revealed preference theory is applied to the environmental matters. This is because it is difficult to compile data of the consumption of environmental factors and this might require some kind of complex accounting system that might not be easily explicable to people who will take part in these studies. Thirdly, this method cannot value attributes that vary across regions. Hence, there is a problem with the need and the possibility of examining and valuing products across different parts of Australia since the prices of one product solely found or demanded in one state might not have a comparative base for persons in other states. Comparability remains a problem in the revealed preference method because consumers have different attributes across geographical regions. This might bring variations that might not be logical and realistic. Also, across timelines, there could be huge variations. For example, examining something in an area before a mining boom and another after the

Sunday, September 22, 2019

Environmental factors affecting Nespresso in China Essay Example for Free

Environmental factors affecting Nespresso in China Essay The micro environment on the other hand comprises the industry and market.   Religion, education, ethnicity, education and language, age group, family, cross cultural differences. In 1978, the Chinese government introduced a birth control policy of one child per family. (Newsweek 2014) This in the long run will reduce both sales and labor availability for Companies especially foreign brands like nespresso. The business culture in china is based on strong family ties and cultural network. Guanxi is a Chinese business practice of favoring a family and close friends prior to doing business. This could be unfavorable to foreign businesses like nespresso and other western companies. LEGAL FACTORS. Foreign trade laws, land ownership laws, patent and trademark laws, piracy laws, lobbying laws. According to reports, foreign firms cannot and do not acquire land as all land remains the property of the Chinese government. However the lease system provides foreign firms and corporation access to land for about a period of 50years after which the lease can be renewed. There was a case of McDonalds in Beijing who were forced out of their property by the government during the contract period (China unique, 2013). This spells an unstable working environment for nespresso. ECONOMIC FACTORS Economic factors include, Unemployment rate, exchange rate, inflation, interest rate, consumer discretionary income, labor cost. Unemployment: According to the ministry of human resources and social security of the PRC, there has been a significant decrease in unemployment rate in China from 4. 10 in the last quarter of 2013 to 4 percent in the second quarter of 2013 (Trading economics, 2014). This will increase salaries and wages due to scarcity of labor as only few of the population are unemployed. Similarly, Chinas inflation rate as reported by National Bureau of Statistics of China was at 2. 50 percent in January 2014 (Bloomberg business week Jan. 2014). This has caused a reduction in unemployment and an increase in wages. This might mean an increase in sales for western brands like nespresso and luxurious brands. According to ban and company luxury goods purchases has slowed down by 7percent as Chinese shoppers now do their luxury shopping abroad (Ban and company 2013). This might not be too good for foreign companies in china but it shows how passionate Chinese are for luxury brands. Chinas GDP were recorded at 7. 7 percent (9. 4 trillion USD) in the fourth quarter of 2013. (Bloomberg business week Jan. 2014) The above information shows that China’s economic environment would promote and facilitate business activities. (Trading economies, 2014). Lower unemployment rate implies high purchasing power of customers. Inflation will affect nespresso because suppliers will demand more. High interest rate means high return on investment. The higher consumer’s discretionary income, the higher their purchasing power especially for premium products like the nespresso brand. POLITICAL FACTORS. Factors present in the political environment include Political Stability, government involvement, trade barriers (tariff and non-tariff) Political stability: The three decades of reform in china has led to both a political and social landscape. (China daily Feb 2014). China has a unique form of political risk which is a constant battle between the central government and local government over applicable laws. For Nespesso, this stability and a clear understanding of local law would guarantee a stable business environment in the long run. Government involvement: The purpose of this is to protect domestic firms. (Protectionism). Government may impose barriers (tariff and non-tariff) on imports or foreign investment in order to protect domestic industries and to reduce competition. Although china has continuously opened its market for foreign investors, it has also place restriction on some foreign businesses in certain industries. For instance the restriction on American producers of autos, beef and steel into its market. (Bloomberg news April 2013) TECHNOLOGY. Technology when applied to work makes it easier, quicker and sometimes more efficient. The level of technology. Technology is inputs that improves an organization’s output. Technological factors includes machinery, communication, internet penetration, transport and logistics, social infrastructure. Internet penetration and logistics. See question 2 THE MICRO ENVIRONMENT INDUSTRY ANALYSIS PORTER’S FIVE FORCES. Local suppliers include; Yunnan Zheng coffee co ltd, Baoshan Yatong coffee commercial co. ltd, Dehong Hogu coffee co ltd, Yunnan Changshengda investment co. ltd, Kunming Qianxi industry and trade co ltd, Acme Fate international ltd (Alibaba, 2014). This shows that the supplier power is low because there are so many suppliers in the industry. Power of buyers (customers): With over 14million people in shanghai and other major cities of china and the tea drinking tradition of the Chinese people, there tend to be a high buyer power amongst customers. Also, the quest for luxurious band amongst Chinese consumers tend to influence buying power Competitors: The level of competition in china is high not just for coffee consumption but also for other hot drinks. In terms of luxurious coffee key players include Starbucks, costa, McDonalds, 85 degrees, pacific coffee etc. research from Mintel has shown that there has been an increase in the number of cafes from 15,898 to 31,283 between 2007 and 2012. (China briefing, 2013). Threat of new entrants: With the existence of so many players in the coffee industry it can be concluded that there is high threat of new entrants because it may seem that coffee business in China is attractive. Analysts say there will be a continuous increase in the consumption of instant coffee. (Euro monitor international). Industry rivalry: Competition is intense in the coffee industry in china as key player continue to compete in different ways. According to reports, there is a continuous fight for market share, who has more coffee shops etc. As Starbucks plans to have 1500 stores in china, costa coffee has stated their intention to increase its number to 2500 by 2018. Nestle and Starbucks has been competing for dominance of china’s coffee market for the last decade. While nestle has focused on being a ubiquitous brand, Starbucks has targeted the upper middle class. (Context china) QUESTION TWO According to reports, China has 618million internet users. 80percent of this number are mobile internet users. (ZDnet, 2014). The outbreak of mobile internet users drove the number from 500million as at December 2013. With this number of internet users, a firm would have no problem carrying out online sales, advertising, or communicating with its customers. A report by adage confirms that Taoboa and Tmall, two of china’s largest e-commerce company broke their last year’s sales record via the internet. Therefore many firms are capitalizing on the power of the internet by doing series of online promotion. (Adage, 2013) Online retail sale according to Bloomberg, went up by 2percent last year (adage, 2013). The surging internet purchase indicates that Chinese consumers are moving away from bricks and mortar outlets for their shopping. Opportunities of online CRM and sales include; Wider reach. Using the internet, nespresso can keep up with a large number of its customers on a daily or weekly bases. Advertising. Nespresso can also use the internet to advertise its product to millions of customers at the same time. This could be cheaper to operate too. Segmenting purposes. The record of customers and their previous purchase can help nespresso in automatically segmenting it customers based on purchase history Feedback and adjustment. Customer feedbacks is very important as these information can be used in making services or products better. Despite the attractive and promising nature of using the internet, investors and firms should also consider the drawbacks of using the internet for sales and communication. The Chinese government recently just imposed a new law regarding e-Commerce in China. The law stipulates that real names registration of sellers on third party platforms, strict seven days return policy, and also online payment market place must safeguard user’s privacy. (Pac net services, 2014) Another report says the government is imposing a law where all consumer to consumer online trading would have to register for a business license and  also pay taxes (China daily, 2014) Legal system. There are different legal restriction and regulation from government and regulatory bodies. Payment environment: the cash payment culture of the Chinese creates difficulties for online shopping. International credit cards are not accepted in most online shops. There is unavailability of credit card payment in most transactional websites. The online payment system in china is still at an infant stage. Logistics network environment: there is a restriction on foreign investment of logistics companies. Limited choices of delivery therefore, much more time is spent on delivery (jitm, 2007). QUESTION THREE Despite the large number of internet users I personally would recommend that nespresso adopt another marketing strategy as it will be very harmful to assume that the nespresso club would work in the Chinese market. From careful observation of the forces at work in the Chinese market environment, I can say that there is high level of government protectionism and regulation on internet businesses (Ecommerce) that tends to favor Chinese owned firms and businesses. Report has it that not only were a lot of websites blocked in china, there were also a Chinese replacement. Sites blocked include Facebook, yahoo, google, twitter, YouTube etc. according to report, the British newspaper The Guardian along with The New York times and Bloomberg news has been blocked in china for over a year. Motives for this act remains unknown (Taipei Times, 2014). Nespresso’s use of the internet is limited as not so much can be achieved due to interference by the government therefore using the internet could hinder performance as there is too much interference from the government. Nespresso should adapt its marketing mix to overcome the current situation of internet insecurity so as to reduce reliance on the internet. Though the internet can be used to position the nespresso brand image in the minds of the consumers for sales, or advertising or customer relationship but it won’t be wise business decision to apply the nespresso club concept in China because the government can decide blacklist them just like the case of Facebook. Nespresso should create more awareness about its brand to the Chinese public especially the less educated ones explaining the difference between house coffee and the nespresso brand Lastly, since there is already a tea drinking tradition amongst the Chinese population, nespresso should consider a local adaptation which involves offering other kinds of hot drinks so as to have a variety of products for it ever growing tea drinking customers.

Friday, September 20, 2019

Economics Essays Financial System Banking

Economics Essays Financial System Banking Capital Adequacy Directive Abstract In the recent years, it seems that the supervisors have increased the attention on the capital adequacy of banking intuitions in order to enhance and maintain the stability of financial system. The purpose of the present paper is to investigate into the merits as well as disadvantages of the Capital Adequacy Directive implementation in the Switzerland economy for the behaviors of Swiss banks and shed some light on whether and how Swiss bank react to constraints placed by the regulator on their capital. The analysis and evidences given will clarify the finding is that while the Swiss banks enjoy the typical merits that have been brought by this innovation, some drawbacks they might endure could not be neglected, which implies the need for good policy guidelines of Government and Central Bank. Chapter 1 Introduction We do realize there are better moments to introduce substantial increases in capital requirements. Nout Wellink (April, 2008), head of the Basel Committee on Banking Supervision During the last 30 years, a wide range of countries have introduced the formalized capital requirement. This innovation seemed to be spearheaded by the adoption of minimum capital requirement in some particular states (for instance, the US and the UK in 1981). However, with the first introduction of Basel Accord in 1998, the common minimum capital requirements were actually adopted by G-10. To date, the Accord has been implemented by over 100 countries world-wide (Allen, 2004). The implementation process of Capital Adequacy Directive (CAD) on the one hand produced many successes in practice as it helps to limit risk-taking relative to capital and to prevent systemic instabilities arising from large-scale banking failures, thereby enhancing the productivity, efficiency, safety and soundness of domestic banking system, in general, global financial system. On the other hand, it also has generated several important failures and unintended consequences as it might reduce the lending ability of commercial banks which in turn directly influences to their competitiveness relative to other forms of intermediation. This study attempts to measure the cost and benefits of Capital Adequacy Directive and apply it to the population of commercial banks that operated in Switzerland. The result suggests that even though some negative impacts of CAD is obviously seen, the implementation of CAD in Swiss banking system is essentially and truly needed. As the matter of fact, the advantages that Swiss commercial banks have achieved due to the effectiveness of capital adequacy regulation outweigh the disadvantages they might suffer. The paper is divided into 4 sections. Chapter 2 introduces the historical review and general theory of Capital Adequacy Directive. Chapter 3 provides firstly the analysis on the both benefits and costs of CAD, followed by the statistic evidences from Swiss commercial banks’ behaviors. Finally, the summary of the main findings of this study and conclusion will be mentioned in the last section. Chapter 2 Capital Adequacy Directive: Historical Review and General Theory 2.1 Historical review The Capital Adequacy Directive was firstly and officially introduced as the core part of the 1998 Accord, referred to as Basel Accord (International Convergence of Capital Measurements and Capital Standards) issued by the Basel Committee on Banking Supervision (henceforward Basel Committee) in July 1998 (Hall, 2004). This accord is not formal treaty nor a binding legal rule, however due to the practical effects conveyed with it, the guidelines of this accord have been implemented not only by signatory countries at the beginning but also by over 100 countries world-wide (Lastra, 2004). Nevertheless, the 1988 Accord has been criticized for its crude assessment of risk and for creating opportunities for regulatory arbitrage (Blum and Hellwig, 1996). Therefore, at the end of June 2004, the â€Å"New Capital Accord† (henceforth call Basel II) was finally issued after the endorsement conducted by G10 banks supervisor in order to replace the original accord (now termed â€Å"Basel I† agreed in 1988) and solve the problems occurred as the result of Basel I implementation in banking system. 2.2 General Theory of Capital Adequacy Directive The genesis of Capital Adequacy Directive as well as the capital regulation could be traced back to the concern that bank might hold less capital than is socially optimal â€Å"relative to its riskiness as negative externalities resulting from bank default are not reflected in market capital requirements† (Rime, 2001). In the 1988 Accord, the Basel Committee provided a ratio of capital to risk-weighted assets. In this Basel formula, Capital is divided into Tier 1 (equity capital plus disclosed reserves minus goodwill) and Tier 2 (revaluation reserves, undisclosed reserve, general loan loss reserves, and subordinated term debt). Specifically, Tier 1 capital must to constitute at least 50% of the total capital base. In addition, the denominator of this Basel formula is the sum of risk-adjusted assets plus off-balance sheet items adjusted to risk. (Lastra, 2004) According to (BIS, 2008) the 1998 Accord in essence prescribed that banks hold capital of at least 8 % of their risk-weighted assets. Although there is no strong argument for the â€Å"target† ratio 8%, it still was considered to be â€Å"sufficient† due to the empirical application from previous policy applied in some states such as the US/UK bilateral agreement of 1986 regarding capital adequacy (Rime, 2005). Eight percent were the median in exiting good practice at that time: the US as well as the UK around 7.5 %, Switzerland 10%, France and Japan 3 % (Lastra, 2004). In fact, data from a wide range of banks from the Fitch IBCA database and national supervisors as well as the Basle Committee denote increasing trend with the average capital ratio rising from 9.3% in 1988 to 11.2% in 1996. â€Å"Most countries experienced increases in their capital ratios although those countries, which were close to, or below, the Basle minimum capital adequacy ratio of 8% in 1988 evidenced a much higher overall increase than those, which had historically high capital ratios†. (Jackson, 1999) Recently, in the new approach, often referred to as Basel II, specifically in the First Pillar ─ Minimum Capital Requirements, the overall level of regulatory capital currently held by banks is not set to rise or to be lower. The capital ratio is calculated using the definition of regulatory capital and risk-weighted assets and the total capital ratio must be no lower than 8%. In addition, the tier 2 capital is limited to 100% of Tier 1 capital (BIS, 2004). However, it is set to be more risk sensitive (Blum and Bichsel, 2004). Chapter 3 Costs and Benefits of Capital Adequacy Requirements: The Analysis for Switzerland 3.1 Understanding the Swiss banking system: To date, the Swiss banking system is typically depicted as one of the leading universal banking system around the world since this type â€Å"universal banking† was firstly allowed at the Banking Law of 1930 (Stiroh and Rime, 2003). In reality, like the most continental European countries, Swiss bank legislation does not distinguish between the commercial and investment banks. In principle, Swiss banks are able to offer a wide range of financial services such as: lending and deposit-taking, underwriting, brokerage, trading and portfolio management (Swiss Bankers Association, 2006). Furthermore, the Swiss banks might vary in the way they use their options to engage in all types of financial activities as the â€Å"truly universal banks co-exist with the institution specializing either in traditional banking or financial market activities†. According to Swiss Bankers Association (2006) the Swiss National Bank (SNB) classifies the banks in Switzerland into ten major categories: big banks, cantonal banks, regional and savings banks, Raiffeisenkassen banks, commercial banks, consumer loan banks, stock exchange banks, other banks, foreign, and private bank. These bank categories differ with regard to their size, business focus, geographic scope of activities and legal form. Within the banking sector, the big banks maintain a dominant position in every respect. As the matter of fact, the Swiss economy is characterised by a comparatively large banking sector by international standards, and by the dominance of two banks, Credit Suisse and UBS. At the end of 2006, the banking sector’s total assets exceeded CHF 4,500 billion or nearly ten times the size of Swiss GDP. This is by far the biggest ratio among the G10 countries, followed by Belgium and the Netherlands where total bank assets are five times the size of GDP. Measured in absolute terms, the US has the largest banking sector. However, total assets of all banks are less than US GDP (Swiss National Bank, 2007) 3.2 Advantages and Disadvantages of Capital Adequacy Directive towards Swiss banks’ behaviour In this paper’s context, instead of taking assessing advantages as well as disadvantages of CAD for all the participants of financial market, I would like to take the point of view to this issue from the one particular party of market – the banks. Merits Almost all financial experts hold the opinion that though capital generally accounts for a small percentage of the financial resources of banking institution; it plays a crucial and important role in their long-term financing and solvency position, which directly influence to their public credibility and reputation. The inverse relationship between the capital adequacy requirement and bank risk taking has been found in the research of Avery and Berger in 1991. In order to meet the 8% target ratio of Basel formula, banks have not been encouraged and limited to take the high risky activities, which always promises the high payoffs, thereby reducing the likelihood of failures. In addition, it is undeniable that the implementation of Capital Adequacy Directive leads to the more powerful ability of banks at the event of financial crisis as the more reasonable the capital ratio is set up, the higher the probability that a bank will not fail to pay back its debts. This fact tends to justify the existence of capital adequacy regulation in order to avoid bankruptcies and negative externalities on the financial system. In other words, it could be said that Capital Adequacy Directive is needed to maintain and enhance the financial stability of banks, generally, for economics. In the case of Swiss banking system, Switzerland welcomes that the Capital Adequacy Directive has been adopted as an important means to preserve the financial soundness of the Bank and its triple A rating. According to Swiss Banker Association (2008) the Swiss banks are well capitalized by international standards and as an additional safety measure, Swiss law demands capital adequacy standards even higher than those required by the Basel Accord. Swiss banks can therefore certainly be counted amongst the safest in the world. The following table will display the marked-rise in risk-weighted in all bank categories in Switzerland at the year-end of 2006 As been shown from the graph, in 2006, the risk-weighted capital ratios rose in all bank types as it increased from the 13.1 % to 13.9 % in terms of the entire banking sector (exceeded the G-10 countries’ average by more than 2.5% point at the same time). This increase was particularly pronounced at the big banks (from 11.5% in 2005 to 12.4% in 2006). Specifically, let take UBS – one of two largest banks in Switzerland as a typical example for the benefits of Capital Adequacy Directive in order to maintain the financial stability. The capital that UBS is required to hold based on Swiss Federal Banking Commission (SFBC) regulations, which differ in some certain respects from the calculation under the Basel Capital Accord (BIS guidelines). As a result of the differences in regulatory rules, UBS’s risk-weighted assets are higher, and its ratios of total capital and Tier 1 capital to risk-weighted assets, are lower, when calculated under the SFBC regulations than under BIS guidelines. However, UBS has always had total capital and Tier 1 capital well in excess of the minimum requirements of both the BIS and the SFBC. Capital adequacy The success of USB in doing business as well as maintaining financial stability has been measured and confirmed by the largest and most famous credit rating agency such as Fitch Ratings, Standard Poor’s and Moody’s. In February 2006, the rating agency Standard Poor’s affirmed UBS’s AA+ long-term and A-1 + short-term ratings and commented: â€Å"The key strengths of USB business profile are the strong cash flow, high returns, and the sound capital base.† In which, the last one has been brought by the presence of successful implementation of Capital Adequacy Directive. Not surprisingly, to date, the capital base of the Swiss banking sector appears to be sound as all banks reported excess capital at the end of 2006 ( Swiss National Bank, 2007) To sum up, the Capital Adequacy Directive framework is truly needed for Swiss banks in order to avoid bankruptcies and negative externalities on the financial system, enhancing and maintaining the financial stability. Disadvantages Despite what has been shown, nothing could be further from the truth that capital adequacy might affect the banking system’s ability to extend credit. Under the circumstance that the regulatory are set too high, that might leads to the risk-adjusted market return on bank loans will be insufficient so as to cover this artificially high cost of capital, therefore decreasing bank-lending activities. This so-called credit-crunch, which will directly impact not only to the financial stability of banking system but also the aggregate level of economics activities (Allen, 2004). Furthermore, there are various concern have been raised over whether the presence of capital requirement directive undermine the long-run competitiveness of banks. Jackson at the year-end 1999, and Blanco and Barrios in their research at 2003 have shown that these concerns could be separated into two types: (i) Whether banks have been disadvantaged compared with securities markets or securities firms (ii) Whether the overall profitability of banks has been affected and their competitiveness has been harmed According to Jackson (1999), there is a controversial issue that whether banks, due to the capital adequacy regulation have found it difficult to compete against the securities markets as provider of funds. Many countries have witnessed â€Å"a shift from provision of funding to prime corporates by banks to provision of funding by commercial paper markets or securities markets more generally† but it is difficult to assess how much of this shift was driven by the capital requirements of the banks and how much by innovation and greater sophistication of the borrowers. Furthermore, there is no strong theory as well as empirical evidence to conclude from the profound changes in banks’ long-term share of various markets that they have been driven by the influences of capital requirements on banks’ competitiveness. In the case of Swiss banking system, by using the empirical methods and model to evaluate the relationship between the capital adequacy regulation and the share prices of banks as well as using the data come from 4 big banks, 25 cantonal banks and 125 regional banks in existence from 1989 to 1995 which represents 82% of Swiss banking system, Rime (2001) has shown that there is no evidence about capital adequacy requirement implementation reduce the Swiss banks’ share price. Moreover, Wagster revealed the same result at 1996 when he did the research in the situation of Switzerland, Germany, and Netherlands. It is possible that the introduction of minimum regulatory capital requirements may have harmed the competitiveness of the banking industry. If capital standards require a bank to maintain an equity position in excess of what it would hold voluntarily, or in response to market pressure, then these standards constitute an external constraint on a bank’s operations. In theory, any kind of external interference with the activities of a business firm could harm its short-run profitability or growth and possibly undercut its long-run viability (Jackson, 1999). However, it does seem that the exactly answer for this question whether implementation of capital adequacy regulation harms the competitiveness of banks has not been found yet because the long-term competitiveness of banking is driven by a wide range of factors. As been shown in the above part, the implementation of CAD has been conducted successfully in terms of Swiss banking system. That helps banks to enhance the financial stability not only in their own system but also for entire economy. Hence, the Swiss banking system are now depicted as the universal banking system, being classified amongst the safest and highest profit all over the world. Conclusion In this study, we have just investigated into the costs and benefits of Capital Adequacy Directive towards Swiss banks’ behaviors. Our main message is that Capital Adequacy Directive is truly desirable as it provides an extremely efficient financial mechanism for maintaining the financial stability as well as prestige for Swiss banking system. However, despite the typical merits that have been conveyed by Capital Adequacy Directive, some drawbacks it might create such as unexpected credit crunch phenomenon, is obviously seen. This does require the act of Government and Swiss National bank with more caution as the more efficiency CAD present the more benefits that Government and Swiss banks can achieve. Bibliography Allen (2004), The Basel Capital Accords and International Mortgage Markets: A Survey of the Literature. Avery and Berger (1991), Risk-Based Capital and Deposit Insurance Reform, Journal of Banking and Finance BIS (2008) [www.bis.org] [Internet] [Assessed 15 April 15, 2008] Blum (2003), The Impact of Capital Requirements on Banks’ Incentives to Monitor and to Hold Excess Capital, Journal of banking and finance Blum and Hellwig (1996), The macroeconomic implications of capital adequacy requirements for banks, Journal of banking and finance Blum and Bichsel (2004), The relationship between risk and capital in Swiss commercial banks:a panel study, Journal of banking and finance Blanco and Barrios (2003), The effectiveness of bank capital adequacy regulation: A theoretical and empirical approach, Journal of banking and finance G34 International Banking and Finance materials by Prof D.H.Gowland G33 International Banking: Regulation and Supervision materials by Prof D.H.Gowland Hall (2004), Basel II: A panacea or a missed opportunity? , Journal of banking and finance Jackson (1999), Capital requirements and bank behaviors: The impact of Basel Accord, Journal of banking and finance Lastra (2004), Risk-based capital requirements and their impact upon the banking industry: Basel II and CAD III, Journal of banking and finance Quotation database, [Internet] [Assessed 15 April 2008] Rime (2001), Capital requirements and bank behaviors: Empirical evidence for Switzerland, Journal of banking and finance. Rime (2005), Will Basel II Lead to a Specialization of Unsophisticated Banks on High-Risk Borrowers? , Journal of banking and finance Sheldon (2001), Costs and Benefits of Capital Adequacy Requirements: an Empirical Analysis for Switzerland, Journal of banking and finance Stiroh and Rime (2003), The performance of universal banks: Evidence from Switzerland, Journal of banking and finance Swiss National Bank, (2008), [Internet] [Assessed 15 April 2008] Swiss Federal Banking Commission (2005), Basel II Implementation in Switzerland Summary of the explanatory report of the Swiss Federal Banking Commission Swiss Bankers Association (2008), Swiss Bankers Association press release, [Internet] [Assessed 15 April 2008] Wagster (1996), Impact of the 1988 Basle Accord on International Banks, Journal of Finance,

Thursday, September 19, 2019

The American with Disabilities Act Essay -- American Government, ADA A

As stated by the founding fathers of America â€Å"All men are created equal.† Black, white, brown, short, tall, smart, and dumb, all are created equally. Therefore every person deserves fair judgement. Unfortunately, it is a profound fact that not everyone is born normal and capable of task typical for a common person, who is free from disability. In my opinion, the quote â€Å"All men are created equal† serves to promote a friendly environment that helps encourage equality among people and aids to recognize the similarities rather than the differences that separates men. Even so, with this hope, the disabled community still struggles for equality. According to Legal Rights by the National Association of the Deaf (NAD), â€Å"Almost 10 percent of all American have some kind of hearing loss. These ten percent suffer from unfair treatment from professional, social and government service providers, including court and police† (NAD 1). Obviously, because deaf and h ard of hearing have limited hearing, their communication and social skills are below the expectation of a common hearing person. Thus, most of these people are ignored, neglected, and discriminated against. However, as a citizen protected by the American with Disabilities Act (ADA), deaf and hard of hearing individuals deserve equal rights and must be accommodated for as a disabled person. If everyone is entitled to all the rights and freedom that is set forth in the Declaration, disabled people should not be robbed of their rights. However, they are still devalued from conducting common tasks which puts them at the bottom of the priority list as an employee and even so as a friend. In search to solve this problem, according to â€Å"The Disabled† by Bender, D. on July 26, 1990, President G... ...er on Deaf Child Accepted† from the New York Times by Greenhouse, Linda on November 3, 1981. Supreme Court agreed to provide a sign language interpreter for deaf third grader. The appeals was based on the Education for All Handicapped Children Act. Apparently, Amy Rowley a deaf student who was adept at lip reading and received help from her hearing aid was performing above average from her class without special help. However, the court ruled â€Å"she was entitled to be able to understand everything said in the classroom, a goal that could be achieved only through sign language†(Greenhouse 2). Even though Amy Rowley in the top half of her class the court recognized that she is still being denied of her rights. Therefore, the court ruled in her favor to accommodate her for education. With the accommodation she will be given an opportunity to achieve her full potential.

Teachers and Wireless Computing Essay example -- Education, Teaching

Assumptions This proposed study has five assumptions. First, the survey will be assessable to all teachers. Second, teachers will access and complete the survey. Third, the assessment is receptive enough to assess teachers’ technological attitudes. Forth, administering of a self-reported questionnaire will also assume that participants provide truthful responses from a onetime posttest (Leedy & Ormrod, 2010). Last, the responses will give the indication that there is a need to offer advance technology training initiatives for teachers. Limitations The initial limitations of this study involve the limited time frame for data collection. Another limitation is the researchers inability to assess the precise amount of time teachers will spend using an online network. The next limitation is the research site will be in a rural school system and not a suburban or urban school system. The XYZ system under review only has four schools with a population of approximately 108 teachers. The final limitation is teachers’ use of available technology within their classroom due to possible technophobia or a lack of training or skills. Therefore, based on the quantitative nature of the study, this investigation is better fit to present an account for teaching-learning with wireless laptops within K–12 classrooms, as opposed to a qualitative or mixed method investigation of the phenomenon (Leedy & Ormrod, 2010). Scope This study’s scope connects to the research question, â€Å"Do teachers' attitudes towards technology, including their eagerness and curiosity to use it in their teaching, impact the integration of wireless laptops into their instructional practices?† The study will only utilize the teachers within the XYZ district and ... ...010; Zucker & King, 2009) in K–12 classrooms effectively. The purpose of this quantitative, pre-experimental study will investigate whether XYZ teachers are curious and eager to advance their technology skills. Advanced technology skills can provide additional teaching opportunities based on teachers’ self-reported responses. In chapter 2, the literature will examine various scholars’ books, articles and journals that provide the account of the problem and conceptual framework of this study. Chapter 3, will explain the methodology of the research, including the design, sample, environment, instrumentation, data collection, treatment, data analysis, validity, reliability, and ethical considerations. Chapter 4 will provide the study's results. Finally, chapter 5 will discuss the outcomes, implications for social change, and recommendations for future research.

Wednesday, September 18, 2019

The Condition of Women During the French Revolution :: Essays Papers

The Condition of Women During the French Revolution In Women and the Limits of Citizenship in the French Revolution, Olwen H. Hufton expresses her intention to show that women's responses to their various situations during the revolution "transformed and modified the entire history of the period 1789-1815."(1) In order to demonstrate her point, Hufton evaluates the Paris "engendered crowd" and their interest in popular sovereignty, the gender complexities of the revolutionary reform policies, and the "guerilla warfare" of women in the provinces.(2) The complexity of women's roles in the French Revolution, she notes, did involve bread rioters, members of political clubs, and defenders of religious traditions, but she resists the "simple evolutionary view of a revolutionary woman," such as the politically incompatible woman whose involvement became a "serial disaster" (3) or the fanatical woman of political clubs and religion.(4) In 1789, bread rioters marched to Versailles, dried their rain-soaked clothing in the assembly hall, disrupt ed the proceedings with rowdy behavior, invaded the queen's bedroom, and pressured the king into a humiliating journey to Paris, where the "chief baker" could be coerced into providing bread.(5) A crowd of women in 1789 removed the king from the Versailles court where he could be influenced by his wife's foreign family and established Paris as the center of French politics. However, Hufton concludes that "the most persistent ghost of the French Revolution," the "spectre" that would "haunt" future politicians and deprive women of the right to participate in elections, was the subversive woman of 1795-96. (6) I will show how Hufton develops her theme of women in specific situations that impact the condition of women during the French Revolution, especially the 1795-96 counter-revolutionary woman that other historians of the French Revolution, such as Suzanne Desan, recognize to be significant in the changing trends in the condition of women during the French Revolution. Joan Wallach Scott and Susan Dalton contribute insights into the roles of Olympe de Gouges and Madame Roland, Darline Gay Levy and Harriet B. Applewhite develop the subtheme of militant women in Paris, and Joan B. Landes discusses women in the "public sphere," while Suzanne Desan explains how women created a public sphere through religious activism. Despite the legal prohibition of participation of women in the public sphere after 1793, some women succeeded in influencing French policies regarding religion through clever, courageous activist efforts. Women did not succeed in acquiring the right to participate in elections until 1945, but they took advantage of other informal, or even illegal means, to influence French society.

Tuesday, September 17, 2019

Fiscal policy Essay

Fiscal policy refers to the government’s choices regarding the overall level of government purchases and taxes. Fiscal policy is undertaken by government to manage, control and manipulate the economic variables in the economy like inflation, unemployment, consumption and so many more. The fiscal operations that has been taken place for the past decade in Ghana In the year 2000, Total revenue and grants amounted to 5,385.0 billion while total expenditure came to 7,524.9 billion. Out of an estimate of 1,319.0 billion, only 574.3 billion actually flowed in. Tax revenue collections exceeded the original projections on account of good performance from direct taxes, indirect and trade taxes. The provisional actual tax revenue yielded 3,731.7 billion as against an estimate of 3,957.3 billion. Provisional figures for 2000 indicate an overall balance of payments deficit of US$194.8 million, compared with an initial projected zero balance. In 2001, Provisional outturn for 2001 indicates that overall fiscal balance was a deficit of 4.4 per cent of GDP. Tax revenues exceeded the budget projections of  ¢6,255.2 billion by  ¢301.7 billion, because of better-than-programmed yield from value added taxes and import duties. Provisional fiscal data show total statutory payments of  ¢5,474.5 billion and discretionary payments of  ¢6,206.3 billion. These are lower than the respective targets of  ¢5,574.8 billion and  ¢7,498.7 billion. In 2003, The receipt of  ¢3,118.8 billion, in total grants including multilateral HIPC relief in 2003 represented a disbursement rate of almost 98percent, the highest in many years. Compositionally, tax revenue exceeded the target of  ¢12,556.3 billion by  ¢205.8 billion. Also, real GDP growth was higher than expected — 5.2 per cent against a projected 4.7 per cent. The overall budget deficit was contained at 3.4 per cent of GDP against the targeted 3.3 per cent of GDP. In 2004, Revenue has increased from  ¢4.4 trillion representing 16.3 percent of GDP of  ¢27,150 billion at end of 2000, to an all-time high of  ¢17.4 trillion, equivalent to 21.8 percent of GDP of  ¢79,800 billion at the end of 2004. Total budgeted payments for the 2004 fiscal year were estimated at  ¢24,853.1 billion. The provisional outturn for the period was  ¢28,736.8 billion, consisting of  ¢8,951.6 billion of statutory payments and  ¢19,773.2 billion of discretionary spending representing 31.2 percent and 68.8 percent of the total respectively. In 2005, In all, total receipts made up of  Domestic revenue, grants, loans, divestiture receipts and exceptional financing are projected at  ¢35,672.5 billion lower than the budget estimate of  ¢35,801.3 billion by  ¢128.8 billion for the year. Total payments for the 2005 fiscal year was budgeted at  ¢35,801.3 billion. This was made up of statutory payments of  ¢ 12,240.4 billion and discretionary payments of  ¢ 23,560.9 billion. Given the expected receipts and payments in 2005, the overall budget balance is projected to record a deficit of 2.4 per cent of GDP, compared to the budget estimate of 2.2 per cent of GDP. In 2006, an overall budget deficit of 4.5 per cent of GDP as result of expenditure exceeding total receipts amounted to  ¢41,357.1 billion as against total statutory payments of  ¢13,006.5 billion. In 2008, the overall budget deficit excluding divestiture hit a high of GH ¢2,557.6 million, equivalent to 14.9 of GDP. As against a total receipts, comprising domestic revenue, grants and other receipts amounted to GH ¢9,538.2 million, equivalent to 55.4 per cent of GDP. And total payments for 2008, comprising discretionary and statutory payments, amounted to GH ¢9,538.2 million, significantly higher than the budget estimate of GH ¢7,107.2 million. In 2009, total revenue and grants are projected at GH ¢7.2 billion, also indicating a drop of 3.5% below the original budget estimate. The projected outturn for the year is GH ¢8.7 billion, showing 13.8%drop in spending. The overall budget deficit for 2009 is estimated at GH ¢2.2 billion, equivalent to 10.2% of GDP. In 2010, based on the projected revenue and expenditure for the year 2010 the overall budget balance, showed a deficit of GH ¢2,214.3 million, equivalent to 9.7 percent of GDP. As against Conclusion The above measures that have been put in place by the government to ensure stability and growth in the economy simply define the fiscal operations that have taken place for the past decade. It is quite obvious to come to conclusion that for that past decade we have being struggling to stabilize our economy as the budget deficit for each year increases significantly for almost a decade now.

Monday, September 16, 2019

Hunger Games Essay plan

Introduction:Using your notes write an introduction in which you: Mention the title, director, year of release, where it was set. Clarify what the genre is, explaining exactly what this means. Name and briefly describe the main protagonist in a single sentence. Provide a plot summary.Do not write openings such as ‘I am going to talk about†¦Ã¢â‚¬â„¢ Always write in the third person in a CELEXAMPLE: ‘The director, Gary Ross, uses many film techniques to convey the themes of†¦Ã¢â‚¬â„¢(only write the themes in the introduction that you are analysing in your essay). ‘The Hunger Games’ is an American science fiction film set in the futuristic, dystopian society of Panem.Paragraph oneTheme: Oppression -To treat cruelly or unjustly. The Capitol people treat the people from the Districts in a cruel and unjust way. Using your notes the blog , describe in detail, using the PEAR structure how the setting, sound, symbolism, mannerisms, camera angles/shots, and c ostume help to convey the oppression suffered by the people in the districts . The opening scenes has good examples of the oppression suffered by the people of the Districts:Scene 1: District 12 Scene 2: Happy Hunger Games (Katniss and Gale in the woods) Scene 3: Check in (at ‘The Reaping’) Example:1.Aerial shot to emphasise their vulnerability. 2. Sound of bells tolling highlights their imminent death 3. Signify animals being herded – ‘Like lambs to the slaughter’Paragraph 2 Theme: Oppression Using the PEAR structure, explain how the people of ‘The Capitol’ have a  different life style to the people in the Districts. Contrast the Capitol with District 12 by looking at the mise-en-scene (costume, mannerism, movement, sound, objects, colour and setting).Example:In ’The Hunger Games’ the director employs sound to convey (try to use different words for each topic sentence) the theme of oppression to the audience. As the chil dren walk towards ‘The Reaping’, there is an ominous, non-diegetic, sound in the background that echoes the sound of a bell tolling. The sound of a bell tolling is symbolic of death and is often heard when someone has died. The director uses an aerial shot showing the children walking to further convey the theme of oppression. An aerial shot makes the character look small therefore it makes them appear vulnerable. The ominous sound coupled with the aerial shot of the children, makes them appear like animals being herded which echoes the saying ‘lambs to the slaughter’. The fact that the people of the Capitol do not have to attend ‘The Reaping’ makes the treatment of the District people all the more unfair and unjustParagraph 3Theme: Oppression Using the PEAR structure, further explain the theme of oppression by exploring how the Capitol people have so much more in terms of possessions and technology and how this changes how they live their live s. Contrast the costume, mannerisms, setting, colours.The technology used in the games, computer generated animals, ‘magic medicine’, 200mph trains etc†¦ Example:Example: What is of value in ‘The Hob’ (District 12’s illegal market place) would be laughed at in ‘The Capitol’ . The buttons are of little value but there is little else to sell. The mise-en-scene is in stark contrast to the social areas in the Capitol. Look at the colour, mannerisms – toy sword emulates the brutality of the games.Paragraph four Theme: Power. Explain who has the power in Panem. President Snow is a Totalitarian ruler Totalitarianism: Is a political system where the state (Of which President Snow has total control over everything and everyone)holds total authority over society and seeks to control all aspects of public and private life.Example: Think about the propaganda video shown during ‘The Reaping’. How is this similar to those show n in ‘1984’? How are the crowd reacting compared to Effie Trinket? What is being said at this point? Do the people of the districts feel the peace that President Snow proclaims. Look at the blog as there is some useful information about HOPE. Paragraph Five:Theme: Power. Using the PEAR structure, discuss How Katniss begins to affect the power balance in ‘The Capitol’ ? There’s information on the blog about the theme of power and a video clip which will give you a better understanding of Katniss’s role in upsetting the balance.Exa mple: Katniss’s relationship with Rue, and Peeta upsets the balance. The usual collaborations in the Hunger Games are about maximum power for killing the other tributes. Rue’s death scene and the way Katniss treats Rue with respect, and in turn District 11 that becomes the catalyst (somebody or someone that makes a change happen) for change.The ‘berry’ scene at the end is very powerful.Parag raph six Theme: Appearance versus reality (what is real? and what is only appearance?) Using the PEAR structure, look at how the director uses techniques to show us how Katniss has to change to stay alive in ‘Hunger Games’Exa mple: Creation of ‘the Star-Crossed lovers’ to stay alive and receive sponsors Creation of ‘The Girl On Fire’ – Why did Cinna want to cause such a spectacle in the crowd? Paragraph seven Theme: Appearance versus reality Using the PEAR structure discuss how the Hunger Games appears as a Game show to the people of the Capitol, when in reality it is about the brutal murder of 23 children from the districts. It is not a game, it is real life. But, like Effie Trinkett, the people of the Capitol, with the exception of Cinna (Katniss’s designer), have no idea what the people go through and do not care, as long as they live in comfort and with an abundance of food, clothing and other such luxuriesExa mple: The Camera shows us the gambling odds for the tributes focusing on Rue and Thresh from District 11. It then cuts to these pampered children of the Capitol, so we notice the difference between how they are treated. It cuts to a medium-close-up (MCU) of Haymitch watching them and we get his POV (point-of-view)shot of him watching them. His look is of total disdain at the unfairness of the situation. Mention that it is a reality TV show filmed both to control and punish (to keep them oppressed without any power) the districts, whilst entertaining ‘The Capitol’. They gamble because it is fun!Conclusion Once you have completed your introduction and analysis paragraphs, it is important that you write a conclusion to your critical essay. This is the final paragraph where you discuss how the director, Gary Ross, uses various film techniques to convey the themes in the film ‘The Hunger Games’ (list what techniques you have used in your essay overall. For example: sound, setti ng, camera angles/shots/movement, editing, colour etc).The conclusion repeats some of the information from the introduction such as: the key words of the task, the director’s name, the title of the film and then go on to discuss how the film as a whole, conveys the themes you have discussed in your essay. You summarise your main arguments and say how they, as a whole, answer your question.

Sunday, September 15, 2019

Learning team charter †team “c” Essay

Course Title Com/172 Team Members/Contact Information Name Phone Time zone and Availability During the Week Email Central Monday-Friday 9a.m.-9p.m. Central Central Monday-Friday Team Ground Rules and Guidelines What are the general expectations for all members of the team? Each team member is expected to present all work or research assigned in order to be given full credit as a team member. Team meetings are scheduled every Wednesday at 12 noon through the OLS system in the Team C forum. The deadline for each assignment will be Sunday of each week by 8:00p.m. The Certificate of Originality will be signed as â€Å"Team C† only if each team member has presented his or her completed work. If not, the certificate will be signed with individual names of names of team members whom have completed assignments. If a team member cannot make a meeting or reach the assignment deadline, the team must be notified at least 24 hours before the meeting or the assignment is due.​ ​ ​Expectations for Time Management and Involvement (Participation, communication with the team, accessibility, etc.) Each team member should give an equal amount of time and participation. We are also expected to communicate openly with each team member and be available on or at their posted or desired times of availability. Each member must attend all team meetings on Wednesday of each week.​ ​ ​​​Ensuring Fair and Even Contribution and Collaboration What strategy will you use to ensure that all team members are contributing and collaborating appropriately? Describe the communication strategy you will use if a team member is not contributing and collaborating effectively. How will the team manage conflicts between team members? We will stay connected on a regular basis to ensure each member contribute appropriately. In the event that a team member is not contributing on a regular basis, we will first use the OLS system to contact them. If and when that do not work, we will contact them on their personal cell phone and then resort to their email. Conflicts between team members will be handled through team meetings on Wednesday of each week. If the conflict cannot be handled through team meetings, we will forward the problem to the class instructor for assistance. ​ ​ ​​Special Considerations What do you, as a team, agree will make this team experience different from past team experiences? As a team, we agree that proper communication will make this team a success. An open line of communication must be used to ensure quality work as a team. We will allow and be open to all ideas and suggestions from each team member to be presented to find the best outcome.​ ​​ ​ ​

Saturday, September 14, 2019

Statement of Interests

â€Å"Studies! Studies! Studies! You have no time for indulgence; there is not much time for games or hobbies. They are luxuries.† These words are still ringing in my years. It is an unforgettable period of my life-the tough days at campus that has made me whip myself to be a top performer in my curriculum. It was tough studying in Kenya, where the facilities are limited but the curriculum is overwhelming. The standards expected by our universities were different where an overall GPA of 2.65 was meritorious and the performer was a topper [if it were more it would have spoken poorly of the syllabus, training as well as grading].A tremendous capacity for hard work and focused efforts made me one such performer, and has enabled me to apply for this program of MSIS. I have acquainted myself with many computer applications and through intense self-motivation I have learnt these by trial and error – This field of technology is fascinating because it is the most relevant in the current scenario. Moreover, Information Technology is evolving day after day and there is no end to innovation in this field. Getting systematic hands on training is my intention and this program is sure to provide me the chance. This will enable me to enhance my skills and I shall use the practical knowledge acquired here to improve my creative skills, thereby excelling in my future career. . I have dreamt of a lucrative career in this field, one that is full of self-improvement and that gives room for novelty every day. It is fascinating to see how information is passed on through an organization while at the same time is being integrated with and aided by newer and newer computer programs and applications. In Kenya, the system of education focuses a lot on theory and not practical applications. I need to apply the intense theoretical knowledge I acquired all these years and this can only be achieved here .This MSIS Program will provide me with a specialized knowledge of Information Systems and expose the student to practical applications in systems analysis and design.   Moreover, choice of   electives in ERP, , problem formulation ,decision supporting systems   and electronic commerce application theories   would provide one with   new   skill sets   and enhance existing ideas   . My aim is to be an expert problem solver, using technology to achieve strategic advantage in modern organizations .   It has been a longstanding dream to pursue a Masters’ in the US and to seek prestigious employment in the field of Information Technology and be that high-flying executive who is a big asset to a Fortune 500 company. As my desire is to hold a position of significance in a huge company, the necessary expertise to analyse, synthesise and evaluate situations to make sound decisions is imperative. The integrated approach of experimentation and analysis offered by the MSIS Program would provide my longed-for practical training and help me be an expert System Creator. I would ultimately go back to my homeland where managers of superior skills are in short supply and then I would be able to make good use of all the experience acquired over here. My performance in underprivileged circumstances stands testimony to my hard work and motivation. I am very meticulous and systematic by nature and my attention to detail is sure to stand me in good stead in this logical field of Information Systems. I would make the best of the great opportunity in the U.S. and the training acquired here would stay through the rest of my career, helping me achieve my ambition in life. There is also the fond hope and wish that one can fit in extra hobbies within the time available, given the desire and proper time management. Dear student, I have written your essay and I sincerely pray that you get admission into a good school, thereby fulfilling your ambition in life.   I have written quite forcefully about your overall grade being very meritorious because I was worried that if, by chance, it fell short of the cutoff, the tough conditions in Kenya should at least speak strongly in your favor.   However, I would like to make a few suggestions. 1. I have mentioned a few electives that I thought may best suit you [you have to impress upon the panel that you are very focused in what you want and cannot be general all the time]. . Now, you go through this very carefully and use your discretion to include or eliminate the names [as you think fit]. You will be able to get an idea if you read the brochure of the schools, and the electives offered. However, see that it coordinates with the general theme and tone of the essay. If something of your aptitude is more logical then you can include that also. Another suggestion would be that you do some home work on all that you have written before you attend your interview [if there is a personal interview-] you must give very precise answers and nothing should be vague or generalized. That will give an unfavorable impression. I have just mentioned about the ‘tough’ days in campus-you may add the number of years-say—â€Å" 5/6/7/ years of   life in Boarding school and the five/four year period of Engineering   college’[yearsxxxx-yyyy]. As the question stresses on what this program would help you achieve, I have not highlighted your hobbies and other interests. [You did not have time or the facility to shine in any hobby of yours from what I could gather. There was no point in highlighting this in your essay.] However, you can make a discreet mention in your c.v. WISH YOU ALL THE BEST IN YOUR FUTURE ENDEAVOURS AND HOPE YOU GET ADMISSION IN THE SCHOOL OF YOUR CHOICE! Writer 7160.

Friday, September 13, 2019

Private sector involvement in environmental management Essay

Private sector involvement in environmental management - Essay Example There are various advantages that are associated with the involvement of the private sector in the issues of environmental management, more so, as regards the management of water resources and biodiversity. One of these advantages is the provision of technical assistance in the environmental management issues. The private sector may be well equipped and versed with technical expertise that is relevant for the management of water and biodiversity (Brown, Aradau, and Budds, 15). Thus, the involvement of the private sector in this practice will serve to ensure that such expertise is availed in the management of water and biodiversity projects. This ensures that the whole process becomes successful and is implemented within the shortest duration possible, in that the presence of technical assistance helps the whole project to run smoothly and efficiently, saving on the time that would be involved in correcting mistakes arising from the lack of technical skills in the project implementati on (17). Provision of private finance is the other advantage associated with the involvement of the private sector in environmental management programs (23). Such finances provided by the private institutions may be in form of loans or grants towards such projects. This is an advantage in that the financial provision by the sector serves to supplement the public finances that could have been allocated for such a program. In so doing, a project that could have been implemented over many years due to financial challenges is implemented within a short duration. The provision of financial support from the private sector also serves to ensure that, suitable and most recent technology can be accessed and acquired for the implementation of the environmental management projects. This way, the projects are implemented more rapidly and efficiently, while ensuring that the necessary tools and equipment, which are most suitable for the project, are afforded and involved in the project execution (59). Additionally, the provision of private finance serves to ensure that the project can run continuously, since there is some aspect of public finance that requires many bureaucratic procedures to be undertaken before the finances are availed for used in the project. Most limiting factor associated with public finance, is the fact that, if any additional finance is deemed necessary, then such has to wait until another budget period, when such supplementary finances can be planned (161). In contrast, the private sector finance is easily accessible and requires less bureaucracy to obtain and use. The involvement of the private sector in environmental management is also advantageous in that it affords an opportunity for contracting a single contractor, who will deal with the whole project, from the design phase to completion (39). If such projects would be left wholesomely to the public sector, their implementation would be a great challenge, in that, the project would require vari ous departments of the public sector to be involved at different phases and stages of project implementation. Thus, the planning department would be required to plan for the project, the architecture department to design the project structures and the other departments to take respective phases of the project execu

Thursday, September 12, 2019

EFEECTS OF CGI (COMPUTER GENERATED IMAGES) IN THE MEDIA INDUSTRY Essay

EFEECTS OF CGI (COMPUTER GENERATED IMAGES) IN THE MEDIA INDUSTRY - Essay Example Computer generated images in digital media has also acted as a source of information, which has encouraged a participatory culture. This is by ensuring that the political process is more democratic and less elitist (Bennett and Strange, 2011). This paper aims at finding out how computer generated images impact on the media. Political campaigns usually capitalize on new means of communication in order to reach voters. This was evident in the 2008 U.S presidential elections whereby candidates used computer generated images and internet technologies to conduct their campaigns. Many political analysts liken the way President Obama used the internet in 2008 presidential campaigns to President Kennedys first use of television in presidential campaigns in 1960 (Bennett and Strange, 2011). Utilization of new media in political processes has mostly been viewed as a tool of reaching voters, especially the youth who are always reluctant to turn out and vote. Some digital media analysts have maintained that the effect of social sites like Facebook on political behavior of young voters is still largely unknown The proportion of candidates using digital media for electoral processes has been increasing since 1996 when the internet was initially used in the U.S during campaigns, but the use was extremely limited. The first substantial use of the internet for political campaigns occurred in 2000 during the presidential campaigns of Bush and Gore; these campaigns had sophisticated websites (Bennett and Strange, 2011). By 2008, features of digital media were more advanced and widely used in political processes than in previous years. Political analysts observe that the failure to include new media in campaign strategies can adversely affect campaigns. This is because social media has become relevant and cost effective tool for political mobilization and support. For instance, candidates who fail to utilize digital

Wednesday, September 11, 2019

Facility Management Essay Example | Topics and Well Written Essays - 2250 words

Facility Management - Essay Example ‘Green buildings provide financial benefits that conventional buildings do not’ (Kats 2003). This dissertation attempts to find an optimum path for green construction where the possibly higher costs of using sustainable technologies and materials can be offset by lower running costs of such facilities. Facilities management mainly deals with the management of facilities of communal buildings like offices, colleges, hospitals, etc. Facility management is very similar to property management but is in most cases applied to larger commercial properties where the operations and management of the building is more extensive and complex. Newer buildings and facilities need to be developed with a ‘green’ design basis, contextual relevance, cost sensitivity, adherence to building code as also the fundamental requirement of functioning in the best manner possible i.e. it is very important that the building serve its necessity (Atkins& Brooks, 2005). A green building consists of several aspects, including the building envelope, building services including HVAC, Electricals, IBMS, Efficient waste management (including solid waste and e-waste) and a Water Balance Plan that seeks to reach a point where all the amount of water that the facility needs is used productively within it. S tress on the importance on the building envelope in the ‘greening’ of a facility is obvious, as it is in many ways the first line of defence against wasteful energy expenditure. It may be considered like an epidermal covering that regulates the inside, as also indicated the status of components within the body. It is important as a gateway between the climate-controlled interior and the uncontrolled exterior environment. This allows for a differentiation from the surroundings and provides an entity for the building on its own (Barret & Baldry, 1991). The

Tuesday, September 10, 2019

Impact of Fatigue Associated with Long Hours as it Relates to Patient Article

Impact of Fatigue Associated with Long Hours as it Relates to Patient Safety - Article Example Thus, while fatigue derives from a number of causes, there is one aspect of fatigue that is highly dangerous to the performance of nurses. The fatigue derived from extended working shifts for nurses, coupled with deprivation of enough sleep results to a state of body where the nurses can neither function effectively physically nor apply the cognitive function of the mind efficiently. Studies have indicated that within the last century, the average sleep duration for working days has changed, from 9 hours in 1910, to 6 hours in 2002 (Rogers, 2008). Thus, while the actual sleeping duration for healthy adults has not yet been determined, the effects of extended period of work, coupled with lack of adequate sleep has been extensively documented. The well defined adverse effects of sleep deprivation that is coupled with extended long period of work include reduced motivation and mood alterations, physiological problems and cognitive problems, which then translates to poor job performance and high safety risks (Shen, Barbera & Shapiro, 2006). Other adverse effects of extended working shifts and deprivation of sleep are irritability, stress and depression, which in turn affect the interpersonal communication and interaction between the individuals involved and other parties. In this respect therefore, fatigue that arises either from extended shifts for the nurses, resulting to their overworking, or the fatigue that results from deprivation of adequate sleep, has the potential of affecting the nurses in two major ways. First, such fatigue is likely to result to irritation and mood changes, which means that the nurses will address and interact with patients in a less productive manner, or even in a more negative manner, resulting to the patients being dissatisfied with the nurses’ services (Rogers, 2008). Secondly, fatigue is likely to cause the

Monday, September 9, 2019

'How far do you agree that poverty has a direct link to health' Essay

'How far do you agree that poverty has a direct link to health' - Essay Example Karl Marx, a great philosopher, believed that societies progress through a coherence of class struggle between the rich who controls societal systems and underprivileged members of society who act as their subjects. According to Marx, the scenery of societal systems could be improved through the idea of socialism where all members of the society enjoy a fair and equal share. The essay will examine how the societal systems contribute to poverty whose impacts are felt in access to health care. This essay offers valuable and elaborate guidance for health service providers. The assessment of the aspects poverty in relation to access to health care shows a close link both abstractly and operationally. Link between Health and Poverty Access to good health care is dependent on the financial status of an individual. Poor people have limited access to health care facilities as compared to the rich people. It is worth noting that material deficiency and the numerous social disadvantages associ ated with poverty makes it impossible for poor people to access health care (Pieratt-Seeley, 2002, p. 232). Due to the strong connection between poverty and health, there have been deliberate efforts to reduce poverty as one of the ways to make it possible for all people to access health care. ... These mechanisms can help clarify why the impacts of poverty on health may continue to hit if poverty is considered in relation provisions rather than as an absolute deficiency (Saunders, 1998, p. 13). Assessing the links between poverty and health is significant for policy makers since it draws consideration to the likelihood that poverty can be associated with adverse health outcomes. It also helps in examining the distribution of income and health inequalities. Moreover, social aspects of health and social environment give rise to the values and practices that control health conditions and costs (Saunders, 1998, p. 17). Since the health sector has minimal authority over most powerful influences on health, such as education, food, shelter, environmental risks, and work conditions, it meets the practical difficulties of recognizing how it can successfully work to disrupt the brutal cycle of poverty to access to health care (Pieratt-Seeley, 2002, p. 234). Marx criticized capitalism s ystem arguing that it resulted in class struggle where some enjoyed prime services at the expense of the underprivileged (Pieratt-Seeley, 2002, p. 234). The basic principle of human rights, which include health, upholds all people equally. The issue of the guidelines to be adopted in human rights has been controversial due to differing policies, culture and beliefs in the society (Young, 1999, p. 269). Marx stipulated that the human dignity should be respected including other necessities of life. He argued that capitalism results in discrimination, which may cause high poverty levels in a country due to poor policies and implementation of the government policies, high incidences of impunity, skewed

Philosophy Essay Example | Topics and Well Written Essays - 500 words - 7

Philosophy - Essay Example Modern philosophical thinking tries to explain the theory of cognition thereby trying to explain why and how the events take place and subsequent pattern of behaviour of man under certain condition involving emotional and metaphysical reaction. Philosophy can be broadly defined as an attempt to explain the sequence of events or happenings around us that directly or indirectly influence our actions and reactions in our daily life. It makes special efforts to examine and evaluate the thought processes and principles regarding truth, duty and knowledge about the things in general. Hence, philosophy is that branch of social science that tries to interpret everything and anything in the wider empirical consideration of our experiences of conscious and unconscious manifestations of our being. It therefore, can be said that each of us, follow a definite philosophy which guides our actions and our efforts to gain knowledge. Philosophy, with its wide ranging implications and its inherent tendency of examination and evaluation of ideas and events, is amalgamation of all areas of learning and encompasses all fields of social sciences. â€Å"Philosophy is the most inclusive of all branches of learning, and acts as a touchstone to all other aspects of human knowledge† (Sw. Krishnanand). Where all other branches of social sciences like biology, physics, sociology, history etc., work towards explaining and researching subjects and areas that come within its precinct, philosophy and philosophical thoughts promote learning through the application of various fields of social science as well as explaining through the metaphysical aspect of the experiences and events. Various philosophers like Aristotle, Pluto, Hume etc. have espoused philosophies regarding different aspect of our life’s ideologies and concept of living a moral and ethical life. The philosophy is part and parcel of every human being and he or she exhibit