Monday, September 30, 2019

Evaluating Eligibility Rules

All three are open 24/7 and each can accommodate up to twenty youths a night. As with cost social services, the determining of financial and clinical eligibility is the deciding factor for these at-risk youth benefiting from the programs provided beyond emergency services. The services they provide after eligibility has been established are case management, physical and mental health services, chemical dependency services, legal assistance, school engagement, job readiness and assistance, and finding safe and stable housing.There are many types of criteria that can be evaluated for a variety of different organizations such as: prior contributions, administrative rule, private contracts, professional discretion, Judicial decision, attachment to the workforce, and means testing which are only specific to eligibility rules as there are many forms of benefits and services which are only specific criteria to benefits and services such as standardization, target efficiency, trade-offs, cos t-effectiveness, substitutability, coerciveness/intrusiveness.Some criteria specific to eligibility rules such as over-illumination's, overwhelming costs, off-targeting benefits and stigma/alienation are criteria specific benefits which are considered facial problems that work against the achievement of a functional policy and programs and definitely work against adequacy, equity, and efficiency.These special problems are most often created by the presence of the eligibility rules which have direct relation to those listed as special problems and if relevant to this organization they will be discussed as evaluated for merit of its fit with the social problem conception that underlies the program or policy under consideration. â€Å"For a program or policy to be a coherent solution to a social problem, those who receive the orgasms benefits and/or services must be included within the group whom the social problem analysis Identifies as having a problem,† (Chambers ; Wedded, 20 05, Chi. , p. 118). This evaluation will cover the criteria for benefits and services and criteria for eligibility rules of this particular organization's social policies and programs. Already known are the benefit types which are affiliated with this particular organization thus with such benefit types also provides an implication of goals, and objectives for adequacy, equity, and efficiency. This organization meets he criteria for a Value-critical Appraisal of Social Policy Programs. Basic Policy Collectivities | 1. Purposes. Long term & Short term. Manifest 1 1.Specific to goals and objectives (a) not Just service and delivery but the end product. (b) clarity, insurability, manipulability. Implications of goals and objectives for adequacy, equity, and efficiency. 3. Fit of goals and objectives with the social problem analysis: problem definition and variables (consequences) in casual analysis. I Forms of Benefits and Services 1 1. Personal social services (â€Å"expert servicesà ¢â‚¬ )2. â€Å"Hard benefits†: cash, goods, Commodities. Credits/vouchers. Subsidies. Government loan guarantees. Protective regulations. Power over decisionsEach party donates or exchanges what the other needs or wants in which some come with specific stipulations. Often promises to contribute a certain amount to a certain organization within a specific allotment of time are made in order for them to receive what they are in need of now. The Cocoon House has promised, demonstrated and provided the end result they proposed. Every business arrangement, any affiliations, and all involvements with are for the betterment of the at-risk youths and young adults that are homeless within Washington. Weakness in eligibility rules were not shown nor implicated.These rules were well-formed, clear and concise and most-likely will avoid any political intervention in the operation of the organization unless intentionally welcomed. The Judgment of the evaluated eligibility rules are believ ed to be fair and sufficient. They are believed to be such because they fit with the social problem analysis and problem definition/ target group specifications along with the Reference Chambers, D. E. , & Wedded, K. R. (2005). Social Policy and Social Programs: A Method for the Practical Public Policy Analyst (thee. ). Boston, MA: Allan and Bacon

Sunday, September 29, 2019

The Turning Point of the American Civil War: Battle of Gettysburg or Siege of Vicksburg?

The Turning Point of the American Civil War: Battle of Gettysburg or Siege of Vicksburg? The American Civil War, also known as the War Between the States, was a brutal onslaught between the Union (the North) and the Confederacy (the South) originating in the fractious issue of slavery. The ruthlessness of this war, mostly fought in the South, lasted from 1861 through 1865, where the Confederacy was ultimately defeated, slavery was abolished, and the extremely difficult process of the reconstruction of the United States and its unity began.There were many battles fought during the American Civil War including the Battle of Fort Sumter, the Battle of Yorktown, and the Battle of Hanover, however, the most known confrontation is the Battle of Gettysburg. The Battle of Gettysburg took place in Pennsylvania from July 1st through July 3rd of 1863. General Robert E. Lee (commanding the Confederate army) concentrated his full strength against Major General George G. Meade’s Army of the Potomac (Union) at the crossroads county seat of Gettysburg.On July 1st, Confederate and Union forces collided at Gettysburg, with General Lee’s intention being to engage the Union army and to destroy it. Initially, the Union defended low ridges to the northwest of town. Unfortunately for the two corps of Union infantry and the Union cavalry division that was defending the region; two large corps of Confederate infantry assaulted them from the north and northwest. This collapsed the hastily developed Union lines of defense and sent the defenders retreating south through the streets of town and to the hills close by.On the second day of battle, July 2nd, most of the Union and Confederate armies had been assembled. Fierce fighting raged this day, figuratively and literally staining the ground crimson with blood. Despite the onslaught of the Confederacy, the Union managed to hold their lines even with the significant losses that they suffered. On July 3rd, the last day of the B attle of Gettysburg, the Union army repulsed the attack with artillery fire, at great losses to the Confederate army. General Lee led his army on a torturous retreat back to Virginia, making the Union the victor of the battle.But was the Battle of Gettysburg really the turning point of the Civil War? All that the Battle of Gettysburg accomplished was prohibiting the Confederacy from further travel into Union territory. This is where the Siege of Vicksburg comes into play. Believed to be one of the most remarkable campaigns of the American Civil War, the Siege of Vicksburg is also arguably the turning point of the Civil War militarily. General Ulysses S. Grant’s campaign on Vicksburg secured John Pemberton’s army’s surrender on July 4th, 1863 as well as the Mississippi River firmly in Union hands.With that, the Confederacy’s fate was all but sealed. Also known as the Battle of Vicksburg, this confrontation was a culmination of a long land and naval campaig n by Union forces to capture this strategic position. Abraham Lincoln (the president at the time) recognized the significance of Vicksburg. He said, â€Å"Vicksburg is the key, the war can never be brought to a close until that key is in our pocket. † There were many attempts at securing Vicksburg, the first being in the summer of 1862.It included a prolonged bombardment by Union naval vessels, but unfortunately after the ships withdrew the attempt failed. General Grant was moving his troops on land towards the town from the rear. However, his advance ended when General Nathan Bedford Forrest of the Confederacy destroyed Grant’s rail supply line, and General Earl Van Dorn of the Confederacy captured the Union supply base at Holly Springs. General Grant tried again that December, but again was met with failure. Another Union General, General William T. Sherman, led an assault against the high ground of the Chickasaw Bluffs north of Vicksburg.To the Union’s dismay this resulted in nearly 1,800 casualties of their own with only just over 200 casualties to the Confederate defenders. Because of this, Grant’s men attempted to find ways through the shallow and narrow bayous to bypass what is called the Confederate â€Å"Gibraltar of the West†. After months of trying to find a bypass, Grant finally decided that his army would have to operate south of Vicksburg, which would require the cooperation of the navy. To mask his army’s movement down the Louisiana side of the Mississippi river, Grant had Sherman administer two deceptive maneuvers north of Vicksburg.On April 16th, 1863, Rear Admiral David Dixon Porter traveled down the Mississippi River, running a gauntlet of guns firing from the Vicksburg cliff, and met with Grant’s army. In the largest amphibious operation ever conducted by an American force before World War II, Porter and Grant transferred 24,000 men and 60 guns from the west bank to the east bank of the Missi ssippi. Unopposed at Bruinsburg, Mississippi they landed and began marching toward Grand Gulf and Port Gibson which were towns that were to the north along the river.On May 1st, four divisions of the Union army clashed with a Confederate brigade near Port Gibson. This battle cost each side between 700 and 900 men. Even with the losses, the two river towns were captured without any more significant fighting between the Union and the Confederacy. With General Sherman leading the rest of General Grant’s army, they then crossed the river at Grand Gulf, bringing the force to over 45,000 men. He then turned them all inland toward the Mississippi state capital, Jackson.There were two Confederate forces in the area, one in Jackson of only approximately 5,000 soldiers and another at Vicksburg of approximately 26,500 soldiers who were under the leadership of General John C. Pemberton. One of Grant’s advancing divisions came into contact with a Confederate force at Raymond on May 12. Although this was not a major battle, it was this confrontation that sent Pemberton’s army retreating. After hours of confused conflict, the Confederate army withdrew from the battle and ran to the shelter of Vicksburg. After a few more battles, General Grant decided to besiege Vicksburg on May 25th, 1863.He devised a plan that is still studied to this day as a basis for siege warfare. Inside the town of Vicksburg, civilians were huddled in caves to avoid the artillery shells that Grant’s army were constantly bombarding the town with. Foods as well as other much needed supplies were cut off from the town. Animals like dogs, cats, horses, and sometimes even rats were reportedly becoming part of the diets of civilians and soldiers alike. Conditions for the town of Vicksburg became so unbearable that on July 3rd, 1863, General Pemberton of the Confederacy rode out to discuss the terms of surrender of his army.The next morning on July 4th, 1863 Pemberton’s men began marching out and stacking their guns in surrender to Grant’s army. The city of Vicksburg was so defeated by the surrender that they would not celebrate Independence Day thereafter until well into the 20th century. During the Siege of Vicksburg, Union and Confederate forces alike kept busy in their supporting roles on the Louisiana side of the Mississippi River. Lieutenant General Edmund Kirby Smith of the Confederacy received a telegraph form Pemberton requesting a movement against Grant’s communication lines along the Mississippi.To the Confederacy’s dismay, Grant had established supply depots at Milliken’s Bend, Young’s Point, and Lake Providence within Smith’s jurisdiction. However, Smith failed to recognize the importance of Pemberton’s situation. It wasn’t until June when Smith finally decided to act on Pemberton’s request the month earlier. To the growing Confederate activity in the area, Grant decided to res pond by dispatching troops from the Vicksburg trenches across the Mississippi River. General John G. Walker’s Confederate division on the Louisiana side of the Mississippi was of particular concern.Its presence could possibly aid Pemberton’s Confederate army’s escape from the city of Vicksburg. Therefore, the Union sent a brigade in the vicinity of Milliken’s Bend to stop the threat. Many smaller battles were fought to prevent support to those in Vicksburg; one included an artillery battery targeting an iron foundry that was recasting spent Union artillery shells as the men returned to De Soto Point. The targeted foundry was destroyed on June 25th. Additional Confederate activity occurred on June 29th at Goodrich’s Landing.The Confederates attacked a plantation and army training center run by former slaves. They destroyed the plantations and captured over a hundred former slaves before disengaging in the face of the Union army. Confederate raids su ch as these were disruptive and caused damage, but they were only minor setbacks. They also showed the Confederates that they could only cause momentary disturbances in the area and ultimately would not halt the Union. Later in the Siege of Vicksburg, Union troops tunneled under the 3rd Louisiana Redan and packed the mine with 2,200 pounds of gunpowder, then proceeded to detonate it.The explosion destroyed the Confederate lines on June 25th, while an infantry attack followed the blast. The 45th Illinois Regiment (known as the â€Å"Lead Mine Regiment†) charged into the 40 foot diameter 12 foot deep crater with ease, but unfortunately they were stopped by the recovering Confederate infantry. The Union soldiers became pinned down while the defenders also rolled the artillery shells with short fuses into the pit with very deadly results. Union engineers worked to set up a casemate in the crater in order to extricate the infantry, and soon the soldiers fell back to a new defensiv e line.From the crater left by the explosion on June 25th, Union miners worked to dig a new mine to the south and on July 1st this mine was detonated but no infantry attack followed the explosion. This attack was much more successful Due to the brilliance of General Grant’s leadership the fortress city had fallen, and with the surrender of Port Hudson on July 9th, the Mississippi River was firmly in Union hands, leaving the Confederacy effectively split into two. During the Siege of Vicksburg, the Union’s casualties mounted up to just under 5,000 men while the Confederacy lost over 32,000 men.The full forty-seven day siege claimed many lives, but in doing so many were also saved. With the Mississippi in Union hands, communication between the Confederate army was lost, which ultimately secured the fate of the war being in the Union’s favor. The Battle of Gettysburg, although a very important engagement between the Union and the Confederacy, was not the turning po int of the American Civil War militarily. After crossing the Mississippi River on April 30th, 1863, General Ulysses S. Grant’s Union army waged a fighting campaign and maneuvered to isolate the city of Vicksburg and the Confederate army defending it.The constant defeats Grant and his army inflicted gave the Confederate commander General John C. Pemberton no choice but to retreat to the defenses of the city of Vicksburg and hold out until much needed reinforcements could arrive. On May 19th and May 22nd, General Grant launched a series of frontal assaults against Pemberton’s forces, suffering heavy casualties. Finding it irresponsible to continue these frontal assaults, Grant decided to lay siege to the city of Vicksburg, ordering his men to dig a series of trenches to the Confederate standings.For 47 days, the Union bombarded Vicksburg while the Confederate soldiers and civilians alike suffered the hardships of siege warfare On July 4th, General Pemberton surrendered h is army to General Grant and the Union, ending the siege and granted control of the vital Mississippi River in the North’s hands, effectively cutting the Confederacy in half. Grant’s success here secured the South’s fate and inevitably led to the Union victory. The Battle of Gettysburg was not the turning point of the Civil War considering all that the Union achieved was prohibiting the Confederacy from proceeding north.The Siege of Vicksburg destroyed the Confederacy offensive and ultimately led to the end of the American Civil War with the North as the victors, the abolishment of slavery, and the beginning of the reconstruction of the south as well as the United States of America. Bibliography 1. Bearss, Edwin C. Fields of Honor: Pivotal Battles of the Civil War. Washington, D. C: National Geographic Society, 2006 2. Hay, Thomas Robson. â€Å"Confederate Leadership at Vicksburg. †Ã‚  The Mississippi Valley Historical Review. 11. no. 4 (1925): pp. 543-56 0 3. Hoehling, A. Vicksburg: 47 Days of Siege. Stackpole Books, 1996. 400.Print 4. Rhodes, James Ford. â€Å"The Battle of Gettysburg. † (1899): pg. 665-677 5. Sabin, Edwin L. â€Å"Vicksburg, and after: Being the Experience of a Southern Merchant and Non-Combatant during the Sixties. †Ã‚  The Sewanee Review. 15. no. 4 (1907): pg. 485-496 6. Woodworth, Steven E. Jefferson Davis and His Generals: The Failure of Confederate Command in the West. Lawrence: University Press of Kansas, 1990 ——————————————– [ 1 ]. James Ford Rhodes, â€Å"The Battle of Gettysburg† (1899): pg. 665-677 [ 2 ]. Rhodes, James Ford. â€Å"The Battle of Gettysburg. † (1899): pg. 665-677 [ 3 ].Bearss, Edwin C. Fields of Honor: Pivotal Battles of the Civil War. Washington, D. C: National Geographic Society, 2006 [ 4 ]. Edwin C. Bearss,  Fields of Honor: Pivotal Battles of the Civil War, (Washington, D. C: National Geographic Society, 2006) [ 5 ]. Hoehling, A. Vicksburg: 47 Days of Siege. Stackpole Books, 1996. 400. Print. [ 6 ]. Bearss, Edwin C. Fields of Honor: Pivotal Battles of the Civil War. Washington, D. C: National Geographic Society, 2006 [ 7 ]. Thomas Robson Hay, â€Å"Confederate Leadership at Vicksburg,†Ã‚  The Mississippi Valley Historical Review, 11, no. 4 (1925): pp. 543-560 [ 8 ]. Edwin L. Sabin, Vicksburg, and after: Being the Experience of a Southern Merchant and Non-Combatant during the Sixties,†Ã‚  The Sewanee Review, 15, no. 4 (1907): pg. 485-496 [ 9 ]. Thomas Robson Hay, â€Å"Confederate Leadership at Vicksburg,†Ã‚  The Mississippi Valley Historical Review, 11, no. 4 (1925): pp. 543-560 [ 10 ]. Steven E. Woodworth,  Jefferson Davis and His Generals: The Failure of Confederate Command in the West, (Lawrence: University Press of Kansas, 1990) [ 11 ]. Hoehling, A. Vicksburg: 47 Days of Siege. Stackpole Books, 1996. 400. Print [ 12 ]. Hoehling, A. Vicksburg: 47 Days of Siege. Stackpole Books, 1996. 400. Print

Saturday, September 28, 2019

Composition titled there is nothing that we as individuals can do to Essay

Composition titled there is nothing that we as individuals can do to prevent climate change - Essay Example They suggest that efforts to reduce  Ã‚  emissions are unnecessary and dangerous to economic growth and development.† (University Corporation for Atmospheric Research) The emission of Carbon Dioxide from burning of Fossil fuels is primarily cited as the cause of greenhouse effect, which has caused climate changes like global warming. Our lives are heavily dependent on energy obtained from burning of fossil fuels to keep our industries, homes and transport systems running; therefore, it is impossible not to use it. Scientists are not sure what impact will minimizing greenhouse gas emissions have on climate change. Therefore, even if we as individuals try to limit the green house gases, it would have no effect on the overall climate change because after all it is a global phenomenon and it has already been triggered. The rate at which the climate is changing is so fast that we as individuals can do nothing to prevent

Friday, September 27, 2019

Human Resource Management Essay Example | Topics and Well Written Essays - 2000 words - 5

Human Resource Management - Essay Example First of all, an international human resource management system ensures that positions are filled by appropriately qualified persons if there are no local nationals available. Secondly, it enables management development across borders. Thirdly, human resource management in multinational companies allow the building of linkages between the parent company and the international subsidiaries. This paper examines the critical factors that shape managers' choice in transferring the parent company's human rights management (HRM) to overseas subsidiaries. It identifies the influential forces that shape such choices and illustrates them with practical examples. To this end, the paper tries to fulfil the following objectives: 1. Identification of business strategy and structure that affects the choice of HRM systems for foreign branches of a business. 2. Analysis of external factors that affect a business' choice of human resource management transfer systems for an international business in it s overseas operations 3. Examination of implementation issues that affect the type of choices that HR managers of parent companies can make about the transfer of human resource management systems to overseas branches. Business Strategy & Structure & International Human Resource Management Choices Every MNC has to draw a balance between globalisation and localisation. Meier (2009) calls it a balance between standardisation and customisation. In other words, a business will have to either prescribe a set of uniform standards for all the international branches or allow international branches to develop their own local standards. In real life, a UK business that has international subsidiaries will have to decide whether the subsidiaries around the world will operate according to standards in the UK or create their own systems and methods. In the case of PriceWaterHouse Coopers, there is an international application of standards that exist in the UK head office. This is a globalised enti ty. On the other hand, KPMG exists as a group of independent accounting firm. Each national branch operates independent of the Swiss headquarters. According to Meier, the way this discourse exists in relation to human resource management transfer can best be examined on three fundamental levels. The strategy of a business in relation to whether it wants to go according to globalisation or localisation determines the policies of the business (Tempel, 2001 p115). In other words, the strategy determined by the top-level management set the tone for functional managers of strategic business units to come up with a policy. The policies determine the practice in the department. Thus, for the Human Resource department, the main determinant of the transfer of practices is the overall strategy of the business. The strategy determines the HRM activities of the business. This goes a long way to influence the transfer and other practices related to the overall tone of human resource management a nd its transfer. Strategy refers to the overall plans for a business determined by top level management with a view of guiding a company between the medium and long term (Cook, 2008 p76). Strategy is a critical element that affects the Human Resource Manager's choice of transferring company Human Resource Management to overseas management because it sets the framework between which the HR Manager operates. As such, the manager needs to remain within the scope of the

Thursday, September 26, 2019

Bp oil spill Essay Example | Topics and Well Written Essays - 500 words

Bp oil spill - Essay Example As a result of the explosion, an oil gusher located on the sea bed flowed relentlessly for around three months before the wellhead was finally successfully capped after a number of failed attempts (Robertson & Krauss, 2010). The oil spill had serious repercussions on Bp and its investors as well as other stakeholders in a number of related industries as the company had to claim responsibility for all the damage that was done as a result (Robertson & Krauss, 2010). The level at which the company was affected can be measured via the use of key indicators of performance related to the marketing industry. After investigations were conducted it was determined that Bp was to blame for the accident. However it was determined that Deepwater Horizon operator Transocean and Halliburton which was the contractor of the oil rig was also to blame for their various roles (Robertson & Krauss, 2010). The results of the investigation led to a number of repercussions especially for Bp in particular. Using long term Key indicators of performance one can determine that BP paid a large price for their mistake. In economic terms, BP took a large dent in their financial status as they ended up paying over 4 billion dollars in fines and other expenses in particular. Such a large financial effect can indicate the downfall of a company if not properly managed and handled in an economic manner (Parmenter, 2007). The image of BP also took a serious hit as organizations such as the EPA developed doubts over its integrity and as a result it lost its ability to vie for government contracts after the accident. This displays the fact that the company’s public image took a negative turn which can be dangerous if not overturned as soon as possible (Parmenter, 2007). The news reports also painted the company in a bad light as environmental and other organizations blamed the company for

Wednesday, September 25, 2019

The Case of Sarver Elementary School Study Example | Topics and Well Written Essays - 500 words

The of Sarver Elementary School - Case Study Example At the final decision, Caine went against his commitment and voted for closing Sarver while Davis and Ebel adhered to their commitments and supported the Committee. The votes were in the 3-2 ratio, supporting the decision of closing Sarver. Amelia Stone, Committee’s member alleged the board for several issues such as rejection of Committee’s report without any consideration, violation of Sunshine Law and bypassing contractual commitment of Caine in support of Sarver Elementary School. After noticing all the situation and issues, it is quite clear that both sides conducted studies for coming up on a conclusion regarding the closing of Sarver Elementary School. However, it is quite clear that the whole board is not ready to close the school. The Committee is interested in closing Miller School because this school can be converted into a business setup while Sarver Elementary School has chances of future growth. There were professionals on both sides for considering the issue of closing Sarver School. Caine has promised in black and white to support the Committee’s decision by voting against closing Sarver Elementary School but he has not fulfilled his promise and has voted against his consent. Therefore, the vote placed by Caine should be ignored. After this, the voting will be in a ratio of 2-2. Looking at this situation, it is quite clear that Citizen’s Task Force and â€Å"Save Sarver† Committee have to reconsider their decisions. They should sit with another in order to come to a solution. The voting process should be there again in order to know about the new situation. Dr. Connie Kniving has just seen one side of the situation and has rejected all the efforts of â€Å"Save Sarver† Committee preferring the decision of Citizen’s Task Force. He has to keep proper attention to both the reports submitted by the Task Force and the Committee in order to come to a conclusion regarding the closing of Sarver Elementary School.

Tuesday, September 24, 2019

The OD consultant and consulting process, Entry and Contracting Case Study

The OD consultant and consulting process, Entry and Contracting - Case Study Example enterprise in to high demanding segments, it has thought about implementing innovative applications of advanced laser technology and make positive changes. The company has presently five engineering teams, they are laser system, component system, satellite control, custom design etc. out of these teams, the laser and satellite team are quite new and less experienced of handling critical issues. As the company was planning of implementing laser system and the duty has been assigned to a Todd’s team, the management team being responsible for laser system, it has been getting delayed. The executive vice president of engineering at the company named Patrick Delacroix has come to request the Organization Development consultant named Cassandra in the AeroTech human resource department to help them start laser products, ensure greater efficiency in laser system and to increase the productivity by managing the time effectively. Patrick Delacroix has come to Cassandra to get help in assisting Todd learn better managing aspects and to develop advanced laser system with help of some brightest engineers. He has mentioned that the company’s major issue is productivity and that has been greatly impacted by managing the time as well. The presenting problem from the case study is less productivity due to mismanagement of time and inefficiency in laser system, but the underlying problem is that the team under Todd is less-performing in laser system causing delay in implementing laser system due to that there much gap between experienced and new engineers and age-gap between twentieth and mid-sixteenth. As Anderson (2011, p. 121) described, a presenting problems are the initial explanations of the situations that highlight the symptoms of the main issues and the underlying problems are the root cause or fundamental issues that create the symptoms of the presenting problems. Before Todd joined the team, the team has been managed by Ed Herman, a very popular, well accepted and

Monday, September 23, 2019

Sale of Goods Act 1979 Essay Example | Topics and Well Written Essays - 3000 words

Sale of Goods Act 1979 - Essay Example Section 13(1A) of This Act provides as regards England and Wales, the term implied by subsection (1) above is a condition. Under Section 13 of the Act there is an implied condition in a contract of sale, upon the supplier of a service in a contract that the goods will correspond with the description, which will apply to any sale where the purchaser does not see the goods before he buys them & when acting in the course of a business that he will carry out the service with reasonable contractual period. Even if the purchaser has seen the goods, there may be a sale by description if he has relied upon the description. In this question it need to discuss While 'description' itself is an ordinary English word, the Sale of Goods Act 1979 contains no definition of what it means when it speaks (in Section 13) of a contract for the sale of goods being a sale 'by description'. And then it needs to discuss that a contract is from between parties when the seller was agreeing to sell and the buyer agreeing to buy. Now it need to discuss about condition, sale 'by description', current possession, and misrepresentation. First, one has to decide what is the meaning of sale by description. In the case of Varley v Whipp1 it has been held that this phrase must apply to all cases where the purchaser has not seen the goods but is relying on the description alone. Therefore, a sale must be by description if it is of future, or unascertained goods. But in addition, the term applies in many cases even where the buyer has seen the goods. Not only the term "sale by description" includes goods of a generic kind, for example, a packet of brand X cigarettes but also specific goods when they are sold as a thing corresponding to description. In the case of Beale v Taylor2 the subject matter of the contract was described as a 1961 Triumph Herald Convertible and the plaintiff saw the car and bought it. In fact, it turned out to be two different cars joined together. It was held that the car did not comply with the description. In Grant v Australian Knitting Mills [1936] the sale of woolen underwear was held to be a sale by description even though the buyer was buying something displayed before him on the counter. But a sale is not a "sale by description" where the buyer makes it clear that he is buying a particular thing because of its unique qualities, and that no other will do, or where there is absolutely no reliance by the buyer on the description (Harlingdon Ltd v Christopher Hull Fine Art Ltd3). In other words it appears that the only case of a sale not being by description occurs where the buyer makes it clear that he is buying a particular thing because of its unique qualities and that no other will do. For this reason, the sale of manufactured item will nearly always be a sale by description (except where it is second hand) because articles made to an identical design are not generally bought as unique goods but as goods corresponding to that design. In the Harlingdon case, the buyer was a professional art dealer who knew the seller had no experience or knowledge of the type of painting being said. There was accordingly no breach of s. 13 when the painting turned out to be a forgery. The buyer had placed no reliance on the seller's description. These cases suggest that the real question at issue in deciding whether the sale should be classified as a

Sunday, September 22, 2019

The sublime Kant & Burke Essay Example for Free

The sublime Kant Burke Essay In Neil Hertz’s essay, The Notion of Blockage in the Literature of the Sublime, Neil uses the work of William Wordsworth to makes a connection to the very distinguished and particular notion of the mathematical sublime by Immanuel Kant. The mathematical sublime is the perception that reason has this superiority over imagination because reason and logic is boundless whereas imagination is limited to what we have personally experienced through our senses. When in the presence of something that embodies the overwhelming magnitude of an idea that we cannot comprehend at first glance (the sublime), Kant believes that reason has the upper hand over the senses. By means of reasoning, we as individuals can determine that there is some claim to final totality. When this reasoning comes face to face with an agent of the sublime, our logic is able to understand the failure of our ability to grasp the enormity of something so thought shattering that it eventually leads to the realization that our reason is more reliable than our senses. The sensory faculty bases its understanding on empirical evidence and in this case would have no influence over our train of thought because we have never experienced anything quite like the sublime. Kant labels this as the blockage and associates it with a negative feeling, this feeling of displeasure stems from the fact that in order to grasp the concept of the sublime the individual must realize that their previous cognitive limits were not developed enough. Hertz has a different idea about the result of experiencing the mathematical sublime, he believes that it brings us pleasure by means of displeasure but the pleasure and power of overcoming our imagination’s shortcomings bring us a greater satisfaction than we could have experienced without this knowledge. Hertz then applies several excerpts from book 7 of Wordsworth’s The 1805 Prelude. Wordsworth’s literary works reinforce Hertz’s position upon the sublime and his concept of blockage. Before he begins analyzing the literary works, Hertz lays down the foundation of the sublime and states, with the use of Weiskels argument that â€Å"The cause of the sublime is the aggrandizement of reason at the expense of imaginative apprehension of reality and at the expense of reality. †(Hertz, 51) After attaining this level of consciousness is it easier to assess the effect of the sublime and how it creates a new insight by means of comprehending that the sublime consists of structure and disagreement. Kant voices a very similar idea as Weiskel just a couple sentences later, â€Å"the very moment in which the mind turns within and performs its identification with reason. †(Hertz, 51) He uses this notion of blockage in relation to Wordsworth’s poems, and how we have difficulty in grasping the concept before we recognize and understand the sublime and how it unites the mind when it is filled with such a grand sensation. Unto myself, The face of every one That passes by me is a mystery! Thus have I looked, nor ceased to look, oppressed By thoughts of what and whither, when and how. All laws of acting, thinking, speaking man Went from me, neither knowing me nor known. (Hertz, 58) Wordsworth is making reference to the publication and how everyone is the same but different at the same time, whilst making allusions to the sensory approach and how he does not understand the incident to its furthest degree. He is stuck on the mathematically sublime until he advances in his text analysis and stumbles upon the blind beggar. Or emblem of the utmost that we know Both of ourselves and of the universe, And on the shape of this unmoving man, His fixed face and sightless eyes, I looked, As if admonished from another world.

Saturday, September 21, 2019

The Google Book Settlement Essay Example for Free

The Google Book Settlement Essay In this economic slump, the book industry is actually holding up, when compared to other business that have suffered deeply. In the face of adversity there is a business that has emerged and is taking over the digital book market. This company is not Microsoft, or Amazon. In fact the giants are actually against the entity that created a monopoly in this area. In 2002 Google began a project to scan all books in libraries by making parts of them digitally available online through their servers, all the while benefiting from ads displayed through the book searches. The project plan had two parts: ?Under Partner Program: Google was given permission by publishers to scan their books and make parts available. ?Under the Library Project: Google planned to scan millions of books from universities and public libraries (Laudon, Traver, 2009). However, Google did not contact the publisher or pay a royalty fee, which is when the controversy began! In 2005, players in the publishing industry filed lawsuits at the program claiming copyright infringement. Google however, claimed they were operating fairly under the â€Å"fair use† doctrine codified in the Copyright Act in 1976. (Copying/lending of books has been fair since 1930’s) (Laudon, Traver, 2009). In 2008, Google came to a settlement over the lawsuit with authors and publishers. They would pay cash and give other accommodations to the parties accusing them of copyright infringement. In return, they would retain non-exclusive right to sell books, place ads, and make other uses of their scanned book database. Google then gave the publishing industry a chance to OPT-OUT, and basically were acting untouchable. Some prestigious universities backed Google’s projects but they soon found heavy opposition from  high- tech companies, authors, publishers, congress, department of justice, and some librarians. WORKSHOP 4; GOOGLE LIBRARY PROGRAM 3 In 2009, Google’s book settlement continues to be a controversial topic. Many companies returned to dispute the settlement, including privacy protection groups. Then the Justice Department began to investigate the antitrust issues of the settlement. Google’s library project has come about and is saying â€Å"Stop us if you can†! In the following paper I will discuss the issues at hand and attempt to give some concrete solution and alternatives. In looking at the situation, there tends to be quite a few unanswered questions. So let us look at it together and form or own solutions. Harm and solution The two main groups who are harmed by Googles Library program are book publishing companies and the authors of the books. The reason Googles program is harmful to both these entities is due to the fact that their copyrighted material is being made available to the public for access free of charge (Laudon, Traver, 2009).. The clear solution would be for Google to give monetary compensation to the book publishing companies; they could then pass on the earnings  to their authors. A reasonable payment structure would have to be worked out between Google and the publishers of the copyrighted books being indexed. Google pursuit and advantage Google will claim to provide public service to millions by giving access to â€Å"all Worlds’ information†. Simultaneously, can help publishers sell books. Obviously they have financial incentives to receive money from ads and the sale of digital books. Establishing a global digital reliance on the Google search engine, in this way Google will be able to divert money and gain attention for the information it provides to the public. Librarian support WORKSHOP 4; GOOGLE LIBRARY PROGRAM 4 A librarian who believes in the availability and free exchange of information should be in full support of Googles Print Library program, as the model is similar to that of a public library. Googles Library allows users to access a complete list of books. However on the other side of the coin Googles Library may pose a threat to the existence of conservative libraries as it would have an inexpensive edge over a physical library due to its limitlessness and convenience? Googles book database could potentially make many libraries obsolete (Laudon, Traver, 2009). Opposition and Support The reason Amazon, Yahoo, Microsoft and others oppose Google‘s library program is because Google will be able to invade the readers privacy, this means they would be able to track every e-book accessed and read. This program would have exclusive rights to sell books that are no longer in print, that are still under copyright, this would be millions of books (Laudon, Traver, 2009), and at the end of the day Google would have too much power. However, Sony is standing behind Google because their potential gain due the fact that they produce a series of electronic book downloader’s named the â€Å"Reader†. One of the products the company markets and sells is the â€Å"Reader,† a family of electronic book or â€Å"e-book† readers that allow users to download and read electronic copies of books on a hand-held device. In Sony Electronics’ view, the cooperative and mutually beneficial relationship the Settlement forges between Google and the copyright holders in the proposed class may have a profoundly positive impact on the market for e-book readers and related devices. For this reason, Sony Electronics believes the Settlement should be approved (Singel, 2009 pp. 7). Will Google be a de facto Monopoly? WORKSHOP 4; GOOGLE LIBRARY PROGRAM 5 The settlement allows Google to sell copies of works that no other organization in the U. S. can sell: so-called orphaned works where the original copyright holder cannot be located because, for instance, they went out of business, of poor record-keeping or mergers. This could eventually constitute the bulk of Google Books. As Fraser puts it, No other firm has ever been able to legally copy orphan works (Mims, 2010 pp. 4). So, in this way Google can and will become a monopoly of the money and power, that  Google has and will build upon. Google has deep, deep pockets (Laudon, Traver, 2009). Conclusion In summary, with Google leading the charge and has the resources to create such a useful program. And yet, Google is stepping on so many toes and big ones at that, but still not has big as their own. Google will gain a dominant control over the digital book world, creating a program that no one can compete with. This will be because no one can match the excessive costs that Google is undertaking. So, again you can see where Google says â€Å"Stop us if you can! † (Laudon, Traver, 2009). No one has been able to as of yet. References WORKSHOP 4; GOOGLE LIBRARY PROGRAM 6 Laudon, K. C. , Traver, C. G. (2009). E-commerce business, technology, society 2012. (8 ed. ). Upper Saddle River, N. J. : Pearson Mims, C. (2010, October 18). Why there can never be a competitor to google books. Retrieved June 20, 2012 from http://technoloyreview. com/view/421247/why-there-can-never-be-a- competitor-to-google Singel, R. (2009, August 09). Sony sides with google in library of future settlement. Retrieved June 18, 2012 from http://www. wired. com/business/2009/08/sony-google-book/.

Friday, September 20, 2019

Elderly Care: Cultural Influences and Promoting Positivity

Elderly Care: Cultural Influences and Promoting Positivity Care of the Older Person Introduction In this assignment the learner is required to investigate on the topic based on life after employment for the older person in Cameroon and write a project that covers the following areas. The role of carer/organisation in promoting positive attitudes to ageing and retirement, ethnic and cultural influences in retirement, health and therapeutic interventions that enhances life for person after retirement and how family members can be included in caring for the older person. All the information in this project is obtain from the internet, articles and books. The Role of Carer/Organisation in Promoting Positive attitudes to ageing and retirement In Cameroon one of the organisations that promote positive ageing is Community Development Volunteers for Technical Assistance (CDVTA). CDVTA is a legally registered community development charity in Cameroon that helps the elderly realize their rights, live in dignity and improve their livelihoods. They have created elderly clubs at the rural/community level to encourage the older people get involved in activities such as rearing, beekeeping, soap making and medical plant production. They also support the elderly to feel more included and cared by the community through active club membership, regular home-visits and integrating with their families. They help to raise living standards in areas where no other government support exists by providing volunteers who assist the elderly in personal hygiene and household works. The elderly are also empowered to attain improved standards of living. Ref: CDVTA Cameroon, 2012. The Regional Centre for the Welfare of Aging Persons (RECEWAPEC) is a humanitarian organisation that works for the welfare of older people in Cameroon. They encouraged older people to be involved in activities such as pigs breeding, farming bees, cultivating mushrooms and bee farming. They also support older people’s eye care projects and reach older people and families affected by HIV and AIDS. They help the elderly claim their rights, challenge discrimination and overcome poverty so they can live dignified, secure, active and healthy lives. Ref:HelpAge International, 2012. Ethnic Cultural influences on the Older Person In Relation to Retirement Cameroon has approximately 1.2milion of seniors aged over 60 years living more in rural areas than urban areas. In Cameroon the retirement age is 60-65. Cameroon does not have a national pension policy that covers all workers. Only those who have worked for the civil service or in other formally recognized sectors receive a pension or any kind of government support. Many in retirement still struggle. It takes a lot of time, money and bureaucracy to set up a pension plan and some people die before receiving their payments. People who have worked all their lives in jobs that fall outside the control of the government tend to rely on private pension policies, which are even less reliable. They are the most vulnerable. There is little specific attention paid to the issues faced by the ageing generation. There are no government institutions, organizations or healthcare services that specialize in meeting older peoples needs. Indeed, Cameroon has never conducted a national survey to find o ut what the challenges that elderly people face. Many elderly in Cameroon lives in isolation and neglect with little help from their families and communities as there is no specific legislation that protects and promotes the rights of elderly. The elderly in Cameroon are facing different problems depending on whether they live in urban or rural areas. Because of unending movement of the population, older persons living in cities cannot rely on a social network. Although health centers are located in cities, they usually are built in the suburbs several kilometers away. They experience poor living conditions, limited access to healthcare, exclusion from society and decision-making processes. In urban areas, it is particularly bad. Most of them have moved to the countryside as they are not isolated. In Cameroonn older people are abandoned to their self whether in the village or town. They benefit from assistance by families that have kept up some traditional values and offer mutual su pport and some have a small business that pays them what to eat. Ref: globaldevelopment, 2015. How Health Promotion Therapeutic Interventions can Enhance Quality of Life. Health promotion enhances quality of life for retired elderly people in many ways. It improves the body function, longevity, it promotes their general and emotional wellbeing, it makes older people to feel good and helps to identify health-related problems. In older people it important to promote a healthy attitude towards the following aspects healthy eating, exercise and voluntary work. In Cameroon the majority of retired elderly people have gardens and small farms where they cultivate food stuff. This enables them to eat healthy fresh food everyday and to have healthy options of food provided in different ways. The elderly people in Cameroon are very active. They get involve in cultural activities, excursions, farming, dancing groups, rearing, beekeeping, soap making. Majority of them don’t drive so they walk to their farms, around the community visiting families and friends. This keeps them flexible and creates less chance of developing anxiety/ depression. The elderly pla y a very important role in the Cameroon culture. Some of them volunteer to take care of babies and accompany children to school if they are still strong most become institutions because they engage to transmit local cultures and knowledge to the younger generation, play a vital role in conflict resolution and peacemaking and some act as advisers and supervisors to some organisation and government. Due to the role they play in the society this ensure a good life, makes them feel useful and gives them something to do so they do not feel lonely thus longer life expectancy. Therapeutic interventions that can improve the quality of life of elderly people in Cameroon include njangi groups, old person’s social clubs and church groups. This helps the elderly to have access to a group of people of their age, enjoy conversation, dance and make new friends. Therefore promote mental stimulation and encouraged mobility, keeps them active and involved, helps to overcome poverty, makes them feel valued members of the community and improves their mental and physical health. Ref: Growing old in Cameroon, 2013. Discuss how family members can be included as partners in care for the older person. In Cameroon family ties are intimate and long lasting, so the elderly rely so much on the family for greatest security. Older persons benefit from assistance by families that have keep up some traditional values and offer mutual support. Care is provided only by family members as they are required to take care of their parents. Because there are no nursing homes or elderly care facilities in Cameroon parents have traditionally lived with their children or extended family members. Caring for the elderly by their family members are common phenomenon and important values in both the rural and urban areas in Cameroon. Most often these elderly persons reside in rural areas and are engaged in subsistence farming activities. When they are frail and are not able to carry on the farming activities one the children either the eldest or the wealthiest in the family takes his or her parent to live with and takes the responsibility providing assistance to them, assist them with their activities o f daily living such as bathing, feeding, cooking their meals and toileting and providing their needs such as clothing, food, shelter, health and money. Family’s members are also responsible for the medical cost of the older person. Women have a very strong family ties and therefore are very committed in helping their parents. This ensures a good livelihood to the elderly and as an obligation of the able child to take care of his/her parents. Ref: Growing old in Cameroon, 2013. Conclusion Life after retirement in Cameroon is more difficult as compare to Ireland. This is due to the fact that there are a lot of facilities in Ireland such as nursing homes, social welfare services and medical facilities as compare to Cameroon. Reference List CDVTA Cameroon, 2012. globaldevelopment, 2015. Growing old in Cameroon, 2013. HelpAge International, 2012. 5M4339[Type text]John Mbeng Tagni

Thursday, September 19, 2019

Historic Jonesborough, Tennessee :: Descriptive Essay About A Place

Historic Jonesborough, Tennessee Jonesborough is the oldest town in Tennessee; consequently, it draws people from all over the world. The town is known for its great amount of visitors during the story telling festival, Jonesborough Days, and during the fall, when some just like to roam the streets to check out the many interesting shops. For the first-time visitor, I recommend that your first stop to be to the Visitors Center. There are so many things to do in this small town you really need a plan to get you started. The Visitors Center offers several brochures and maps of local attractions and festivals in the area. For $1.00 you can also purchase a map that gives a brief description of each of the shops and cafes. The map also gives the location and description of the downtown inns and bed and breakfasts in the area. The Visitors Center also offers several gift items and souvenirs, such as postcards and books written about the town’s rich history. Several different types of tours of the town are offered, including a horse drawn carriage ride throughout the town. Individual or group tours are also available at varying rates. An individual tour can cost between ten to twelve dollars per person and a large group tour cost as high as three hundred dollars per person. Jonesborough.http://www.historicJonesborough .com/index.html. Another place to visit is the Lollipop Shop. This store is quite unique because it offers over 400 different types of candy. If you have a sweet tooth, this is the shop for you. The kinds of candy they offer are the old-fashion candy sticks I used to buy for a dime, different flavored hard candies, several types of gummy candies, gum, and of course lollipops. While we were there, my wife and I inquired about services the Lollipop Shop offers, such as birthday party packages available through the shop. The bear parties are very unique, and we hadn’t tried them before. The children are given a choice of one of about twenty different choices of stuffed animals. They then go to stuff the animal and fluff it. They also offer to give their creation, which comes with adoption papers, a name. This party is offered for fourteen dollars per child. With another package, for eighteen dollars per person, in addition to stuffing their animal of choice, they get to decorate a cookie, and the y get a slushie.

Wednesday, September 18, 2019

Value of Suffering in Markandayas Nectar in a Sieve Essay -- Nectar S

Value of Suffering in Markandaya's Nectar in a Sieve  Ã‚   Kamala Markandaya's Nectar in a Sieve portrays its positive woman characters as ideal sufferers and nurturers. "[T]he cause of her suffering springs mainly from poverty and natural calamity. The women are from the rural sections of society. They are the daughters of the soil and have inherited age-old traditions which they do not question. Their courage lies in meek or at times cheerful way [sic] of facing poverty or calamity" [Meena Shirdwadkar, Image of Woman in the Indo-Anglian Novel (New Delhi: Sterling, 1979), 49]. Rukmani, the main character, and her daughter Ira display suffering hroughout the novel. Rukmani works hard and is devoted to her gentle husband. She endures blow after blow from life: poverty, famine, the divorce of her barren daughter, the deaths of her sons, her daughter's prostitution, and finally her husband's death. When she finds te emotional cener of her life, her relationship with her husband, threatened by the discovery that he fathered another woman's sons, she neither strikes out at him nor crumbles: Disbelief first; disillusionment; anger, reproach, pain. To find out, after so many years, in such a cruel way. ... He had known her not once but twice; he had gone back to give her a second son. And between, how many times, I thought, bleak of spirit, while her husband in his impotence and I in my innocence did nothing. . . .At last I made an effort and roused myself... "It is as you say a long time ago," I said wearily. "That she is evil and powerful I know myself. Let it rest." She accepts the blow and moves on in life. In addition, when her son Raja is murdered, even her thoughts do not express rebellion. She moves from nu... ...osites of Kunthi. Their goodness originates in their acceptance of suffering, whereas Kunthi's evil originates in her refusal to sacrifice herself for others. As ideal images, Markandaya's heroines correlate with Shirwadkar's conception of how early Indo-Anglian novels portray women as Sita-like characters. By fulfilling cultural values, however, Rukmani and Ira find in their way of lifenot only suffering but also a sureness and inner peace. Shirwadkar claims that women in later novels lose even the satisfaction of this fulfillment, because they find themselves trapped between the traditional and modern requirements for women. Earlier images of calm, enduring women change to new ones, of frustrated women caught between the Sita-Savitri figure and the modern, Westernised woman. Works Cited: Markandaya, Kamala. Nectar In A Sieve. New York: Signet Fiction, 1995.

Tuesday, September 17, 2019

Philosophy: The Power of Ideas Essay

 · Is it more common for people to make decisions regarding religion based on reason or by faith? Explain your answer. Considering the development of religious philosophy, it commonly appears that people make decision regarding their religion based on their faith. People create their religious doctrines, idealism, and theology based on the faith towards the existence of God wherein they argue that these principles are given with divine intervention and provision. In the aspect of religion, people decide matters within their institution as their approach for developing and strengthening their relationship towards their God through the medium of faith. Indeed, people pursue their religious interest based on faith rather than their own reasoning as an influential part of their religious philosophy is their faithful submission towards the divine being. As part of their religion, people make decisions as inspired by their faith thus, putting much more interest and significance on their religious teachings rather pursing their own idealism. In general, people put much more emphasis on faith towards the idealism of the divine being rather than the philosophy of the human beings.  · Considering the historical development of religious philosophy, whose philosophies do you think most advanced Western religious thought? Explain your answer. In the course of religious development in the world, most religious philosophies originated from the western culture though only some has full advanced and realized the western thought. Under this aspect, that the philosophy of the Roman Catholic religion manifests much representation of the western thoughts. Their teachings have promoted the monotheistic view towards divine existence and have strengthened the relationship of the human beings with their divine creator. Because of the significant foundations laid by their philosophy, the western thoughts were widely accepted by the other culture giving the western idealism much influence to the world. Because of the contribution of this specific religious philosophy, the world has realized the western thoughts regarding the existence of the divine being and has established their own religious relationship in relation to the western idealism

Monday, September 16, 2019

Recommendation Brief for an Internal Accountant Essay

Currently, a client with an out-of-control system is grasping for a change in order to regain their internal controls. For any company, internal controls are highly important for success. Internal controls assist with minimizing mistakes and dishonesty; however will not completely eliminate them. The client has an out-of-control system in operation and will definitely benefit from having an internal accountant. Therefore, it is extremely recommended that a well-qualified internal accountant be hired by the company. An internal accountant will provide management with the necessary information needed to handle issues that arise, as well as preform system audits to maintain internal accountability. Setting forth a reliable internal audit system will build stability within the company and assist with violations occurring with laws and regulations. The role of an internal accountant will include, but are not limited to, working closely with the owners and department managers to evaluate t he company’s performance in the most vital areas of operation and review the policies and procedures to ensure they are in line with the company’s mission and goals. More specifically, the internal accountant will evaluate the assets, financial accuracy, and that the standards of the government and industry are being followed correctly. The internal accountant will also serve as a security measure for the company and their assets. To directly describe the responsibility of an internal accountant the first action would be to assess the current system and create a plan of action to correct it. The audit will be focusing on deficiencies and areas of improvement. The plan will consist of correcting the items found to be working against the company and implementing suggested changes within. Once the internal accountant has completed their assessment, a formal written recommendation describing the current control system and the deficiencies, along with an explanation of how management can correct and improve the issues. The hiring of an internal accountant has many advantages, especially for a company with an out-of-control system such as  the client . The first would be the money saving attribute because there would be no need to hire an outside auditor. Minimizing deficiencies to prevent a long-term negative affect is another hopeful advantage, as well as improving the overall functioning of the company to be more efficient in operations and successful in hitting the company’s mission and goals that have been set. The ideal candidate for the internal accountant position will pose an exceptional knowledge base of the company’s industry operations and goals. This candidate will have access to confidential information that others may not possess, therefore being part of the company’s staff will be able to conduct evaluations of the system and provide management with the necessary tools to correct issues as they surface. Specific qualifications and requirements need to play a major role in the hiring process of the internal accountant. These items would include the proper amount of education and experience, to include the required licensing to conduct the appropriate job functions legally. Experience will play a pri mary role when it comes to written reports and timely problem solving techniques for the current out-of-control system. The client advantage to hiring a candidate with a certain amount of knowledge of the industry would be that the candidate will already have a direction based off of what they know works versus what does not work. As a final part to the hiring process, the internal accountant should display personal attributes that include basic characteristics. Attributes such as being confident, trustworthy, open-minded, and observant. Many other qualities would be looked upon as well. Thus, a recommendation to hire a well-qualified, knowledgeable, and experienced internal accountant would be an extreme advantage for the client. The client will need to display an open line of communication and maintain that communication for the success of the company’s internal controls. References FDIC. (2013, September 16). FDIC LAws, Regulations, Related Acts. Retrieved from Federal Deposit Insurance Corporation: http://www.fdic.gov/regulations/laws/rules/5000-3250.html

Sunday, September 15, 2019

Marketing Strategies for Low-Income Customers Essay

Good old fashioned rock ‘n’ roll could be dead. If a mobile phone ringtone in the shape of the vocalizations of the animated Crazy Frog dominates the billboard charts for months on end, then it could well signal the death knell for the industry, and how it operates. If this ubiquitous amphibian’s aurally annoying song, converted from a mobile phone ringtone, outsold even mainstay acts such as Oasis and Coldplay, why should music companies invest millions in cultivating fresh musical talent, hoping for them to be the next big thing, when their efforts can be beaten by basic synthesizer music? The industry is facing a number of challenges that it has to address, such as strong competition, piracy, changing delivery formats, increasing cost pressures, demanding pri-madonnas and changing customer needs. Gone are the days when music moguls were reliant on sales from albums alone, now the industry trawls for revenue from a variety of sources, such as ringtones, merchandising, concerts, and music DVDs, leveraging extensive back catalogues, and music rights from advertising, movies and TV programming. The music industry is in a state of flux at the moment. The cornerstone of the industry—the singles chart—has been facing terminal decline since the mid-1990s. Some retailers are now not even stocking singles due to this marked freefall. Some industry commentators blame the Internet as the sole cause, while others point to value differences between the price of an album and the price of a single as too much. Likewise, some commentators criticize the heavy pre-release promotion of new songs, the targeting of ever-younger markets by pop acts, and the explosion of digital television music channels as root causes of the single’s demise. The day when the typical record buyer browses through rows of shelves for a much sought-after band or song on a Saturday afternoon may be thing of the past. Long-term success stories for the music industry are increasingly difficult to develop. The old tradition of A&R (which stands for ‘Artists & Repertoire’) was to sign, nurture and develop musical talent over a period of years. The industry relied on continually feeding the system with fresh talent that could prove to be the next big thing and capture the public imagination. Now corporate short-term thinking has enveloped business strategies. If an act fails to be an immediate hit, the record label drops them. The industry is now characterized by an endless succession of one-hit wonders and videogenic artist churning out classic cover songs, before vanishing off the celebrity radar. Four large music labels now dominate the industry (see Table 1), and have emerged through years of consolidation. The ‘big four’ labels have the marketing clout and resources to invest heavily in their acts, providing them with expensive videos, publicity tours and PR coverage. This clout allows their acts to get vital airplay and video rotation on dedicated TV music channels. Major record labels have been accused of offering cash inducements of gifts to radio stations and DJs in an effort to get their songs on playlists. This activity is known in the industry as ‘radio payola’. Consumer have flocked to the Internet, to download, to stream, to ‘rip and burn’ copyrighted music material. The digital music revolution has changed the way people listen, use and obtain their favourite music. The very business model that has worked for decades, buying a single or album from a high-street store, may not survive. Music executives are left questioning whether the Internet will kill the music business model has been fundamentally altered. According to the British Phonographic Industry (BPI), it estimated that 8 million people in the UK are downloading music from the Internet—92 per cent of them doing so illegally. In 2005 alone, sales of CD singles fell by a colossal 23 per cent. To put the change into context, the sales of digital singles increased by 746.6 per cent in 2005. Consumers are buying their music through different channels and also listening to their favourate songs through digital media rather than through standard CD, cassette or vinyl. The emergence of MP3 players, particularly the immensely popular Apple iPod, has transformed the music landscape even further. Consumers are now downloading songs electronically from the Internet, and storing them on these digital devices or burning them onto rewritable CDs. Glossary of online music jargon Streaming: Allows the user to listen to or watch a file as it is being simultaneously downloaded. Radio channels utilize this technology to transmit their programming on the Internet. ‘Rip n burn’: Means downloading a song or audio file from the Internet and then burning them onto rewritable CDs or DVD. MP3 format: MP3 is a popular digital music file format. The sound quality is similar to that of a CD. The format reduces the size of a song to one-tenth of its original size allowing for it to be transmitted quickly over computer networks. Apple iPod: The ‘digital jukebox’ that has transformed the fortunes of the pioneer PC maker. By the end of 2004 Apple is expected to have sold 5 million units of this ultra-hip gadget. It was the ‘must-have item’ for 2003. The standard 20 GB iPod player can hold around 5000 songs. Other hardware companies, such as Dell & Creative Labs, have launched competing devices. These competing brands can retail for less than  £75. Peer-to-peer networks (P2P): These networks allow users to share their music libraries with other net users. There is no central server, rather individual computers on the Internet communicating with one another. A P2P program allows users to search for material, such as music files, on other computers. The program lets users find their desired music files through the use of a central computer server. The system works lime this; a user sends in a request for a song; the system checks where on the Internet that song is located; that song is downloaded directly onto the computer of the user who made the request. The P2P server never actually holds the physical music files—it just facilitates the process. The Internet offers a number of benefits to music shoppers, such as instant delivery, access to huge music catalogues and provision of other rich multi-media material like concerts or videos, access to samples of tracks, cheaper pricing (buying songs for 99p rather than an expensive single) and, above all, convenience. On the positive side, labels now have access to a wider global audience, possibilities of new revenue streams and leveraging their vast back catalogues. It has diminished the bargaining power of large retailers, it is a cheaper distribution medium than traditional forms and labels can now create value-laden multimedia material for consumers. However, the biggest problem is that of piracy and copyright theft. Millions of songs are being downloaded from the Internet illegally with no payment to the copyright holder. The Internet allows surfers to download songs using a format called ‘MP3’, which doesn’t have inbuilt copyright protection, thus allowing the user to copy and share with other surfers with ease. Peer to peer (P2P) networks such as Kazaa and Grokster have emerged and pose an even deadlier threat to the music industry—they are enemies that are even harder to track and contain. Consumers can easily source and download illegal copyrighted material with considerable ease using P2P networks (see accompanying box). A large number of legal download sites have now been launched, where surfers can either stream their favourite music or download it for future use in their digital libraries. This has been due to the rapid success of small digital medial players such the Apple iPod. The legal downloading of songs has grown exponentially. A la carte download services and subscription-based services are the two main business models. Independent research reveals that the Apple’s iTunes service has over 70 per cent of the market. Highlighting this growing phenomenon of the Internet as an official channel of distribution, new music charts are now being created, such as the ‘Official Download Chart’. Industry sources suggest that out of a typical 99p download, the music label get 65p, while credit card companies get 4p, leaving the online music store with 30p per song download. These services may fundamentally eradicate the concept of an album, with customers selecting only a handful of their favourite songs rather than entire standard 12 tracks. These prices are having knock-on consequences for the pricing of physical formats. Consumers are now looking for a more value-laden music product rather than simply 12 songs with an album cover. Now they are expecting behind the scenes access to their favourite group, live concert footage and other content-rich material. Big Noise Music is an example of one of the legitimate downloading sites running the OD2 system. The site is different in that for every  £1 download, 10p of the revenue goes to the charity Oxfam. The music industry is ferociously fighting back by issuing lawsuits for breach of copyright to people who are illegally downloading songs from the Internet using P2P software. The recording industry has started to sue thousands of people who illegally share music using P2P. They are issuing warnings to net surfers who are P2P software that their activities are being watched and monitored. Instant Internet messages are being sent to those who are suspected of offering songs illegally. In addition, they have been awarded court orders so that Internet providers must identify people who are heavily involved in such activity. The music industry is also involved heavily in issue advertising campaigns, by promoting anti-piracy websites such as www.pro-music.org to educate people on the industry and the impact of piracy on artists. These types of public awareness campaigns are designed to illustrate the implications of illegal downloading. Small independent music labels view P2P networks differently, seeing them as vital in achieving publicity and distribution for their acts. These firms simply do not have the promotional resources or distribution clout of the ‘big four’ record labels. They see P2P networks as an excellent viral marketing tool, creating buzz about a song or artist that will ultimately lead to wider mainstream and commercial appeal. The Internet is used to create communities of fans who are interested in their music, providing them access to free videos and other material. It allows independent acts the opportunity to distribute their music to a wider audience, building up their fan base through word of mouth. Savvy unsigned bands have sophisticated websites showcasing their work, and offering free downloads as well as opportunities for audio-philes to purchase their tunes. Alternatively major labels still see that to gain success one has to get a video on rotation on MTV and that this in turn encourages greater airplay on radio stations, ultimately leading to increased purchases.

Saturday, September 14, 2019

Mindfulness & Majjhima Nikaya

Primarily the reading from the Majjhima Nikaya, Sutta 10, discusses the purpose of mindfulness in a context of rightful meditation strategy and thinking. The first part deals with the importance of the body. It is shown through the breathing activity which somehow established mindfulness through awareness of the existence of the body. The person shall himself attach from his body as he observed its breathing in and out through meditation. The second thing that one will observe through mindful meditation is the body’s posture. Accordingly, one will realize if the body is standing, sitting or lying.According to the reading, this helps one realize the external and internal activities of the body. Through giving full attention a person could observe the activities of the body more closely and completely. The person shall then reflect about the body and all of its components in such a manner that the person will know the body in a more intimate level. Through repulsiveness of the b ody, the person will be able to identify one part from the other and what the purpose of each part is. Further reflection would be gathered when the person learned about the elements that makes up the body.Through observing the death of other human body, the person shall have an understanding that the same things can happen to him self upon death. The person understands that life has end and like any other body that dies, the person’s body is also subjected to death. That death is something that is inescapable. Aside from the body, the person shall also be able to understand his feelings through mindfulness. In this part of the reading, there was a distinction between worldly feeling and spiritual feelings. The person is either experiencing a good feeling or a bad feeling.Through meditation, the person shall be able to administer a mindful observation of the origination and dissolution factors of the feeling which he has. The person could observe internally or externally, thr ough himself or through other’s experience. The person shall also be able to understand the mind by familiarizing oneself with how the mind works. In the discussion of the mind, there is a comparison between the being and the mind such that when the body has lust, the mind also has lust, if the body hates so as the mind. The fourth thing that a person in a mindful state observes is mindful things.The person shall also be able to apprehend mindful objects. The mental objects are also the five hindrances. The first of the five hindrances is the sense-desire. The person in a mindful state is a person who knows when a sense desire is coming from him or is affecting him in any way. This way, the person is able to observe sense-desire. The other hindrances are anger, torpor and languor, restlessness and worry and doubt. The mindful person shall be able to observe these five hindrances as mental objects. The person would be able to observe the five aggregates which helps dismiss the five hindrances.The five aggregates is composed of contemplation of the arising and disappearance of a material form, feelings, perceptions, mental formations and consciousness in a way or in another. The person shall be able to contemplate through the use of the six internal and external senses. For instance were the eye and the visual form that it captures the nose and the sense of smell, the ears and the sounds, the tongue and the taste, the body and the tangible things and the mind with the mental objects. Lastly the person shall be able to learn to observe the seven factors of enlightenment.The first enlightenment factor being the act of mindfulness. The second is the investigation of the mental object. This is when the person is aware that he is investigating a mental object or is not and how such investigation proceeded. Energy, joy, equanimity and concentration is the third enlightenment factor that shall be present. This through knowing that there is or if there is no ener gy, joy, equanimity and concentration present or involve. Finally, the person shall live under the Four Noble Truth which includes understanding Dukka or suffering.One should learn that there are experiences and paths that may lead to one’s suffering, thus suffering shall be understood as something that exist externally, internally, may cease to exist or may come to existence in reality . The practice of the Four Noble Truth may lead to either the Highest Knowledge or the state of not returning. The Falun Gong also has teachings that discussed what could be found in Sutta 10 or the teachings of Buddha. The instruction of Budha which also includes the four Noble Truths and the eight fold paths can basically be reflected upon the meditation techniques mentioned in the article.With the acknowledgement of Buddha’s basic teachings such as nothing is lost in the universe, things undergone constant change and the basic law of cause and effect, the reading have illustrates tha t a Buddhist meditation must be done in accordance to the basic teachings. Mindfulness as a state that can only be attain through an understanding of the natural process of life which always has a beginning and an end. The meditation somehow reflects a cyclic process that undermines careful understanding, realization and possibility of changes.Understanding the four noble truths and advocating them is also practiced in the meditation. The observation and acknowledgement of the body reminds one that the body is a material thing that experiences pain. Observing that pain could be understood internally and externally provides an understatement regarding the way by which pain is observed to be possessed by and can be experience by anyone. By undergoing an internal observation of seeing pain and suffering, one is able to identify that through proper meditation a person is the cause of his own pain and sufferings.A realization that suffering has its roots and its end determines that suffe ring could be stop or ended. Lastly, through meditation and proper understanding of how things works and how suffering produces the pain that are felt, one should help others become unlightened. The act of mindfulness is tantamount to having a clear awareness of the things and events as it pass observation of the person. Current practices of Buddhist meditation often neglect the goal of meditation. According to the primary source the only way of overcoming â€Å"sorrow and lamentation† is through purification or through the right path.Most often the modern practices focus on correcting bad behaviors. Sometimes the main focus was on finding truthfulness, displaying forbearance and benevolence. While the focus should be on extending enlightenment to other people. Most of the time, people enlighten themselves and stay stagnant without the purpose of expanding the enlightenment to other people. There are current meditations that only focus on the physical well being or fitness; w hile the real intention must include spiritual and mental fitness as well.There are also types of modern meditation that is tied up with supernatural goals that needs increase of concentration like those that are required in yoga. Works Cited Buddhism: A Brief Introduction. Developing Virtue Secondary School. Burlingame, California: Buddhist Translation Society, 1996. Buddhist Studies. Curriculum Development Institute of Singapore. Singapore: Pan Pacific Publications Pte Ltd, 1984. Cohen, Joan Lebold. Buddha. New York: Delacore Press, 1969. Following the Buddha’s Footsteps. http://online. sfsu. edu/~rone/Buddhism/footsteps. htm Lecture Notes. Person. 2008.

Abiotic And Biotic Characteristics Environmental Sciences Essay

Abiotic And Biotic Characteristics Environmental Sciences Essay San Francisco Bay has maintained a magnificent body of water and use to sustain the economy of Western United States and San Francisco Estuary in Bay in is of great importance because through this a large number of water draining becomes possible. It’s Estuary from where fresh water meets to sea water. There are many pollutants that we face in our daily life e.g. dirt, sediments, oil, grease, fertilizes pesticides chemicals etc. the water running from the land carrying these pollutants to underground and ultimately this reach to the Estuary of san Francisco. These pollutants when reach in river and sea water can pollute the whole water and prove harmful for aquatic life as it can be cause harm for wetland creatures like fish, and can prove very dangerous for other habitats of water. It can destroy the aquatic system and can be major threats for the living organism living under water. As San Francisco Estuary considered as a very important region and has much economic importan ce so for prevention of pollution and keep safe this region from other different factors restoration and conservation is used. Abiotic and biotic characteristics of the San Francisco Estuary Many of environmental factors affect the abiotic and biotic characteristics of the San Francisco Estuary these include both abiotic and biotic characteristics. These factors effects the life in Estuary in great extends. Non-living factors are called abiotic factors which include concentration of oxygen and nutrients, salinity of water and amount of sunshine. As these factors have the major impact on the life in estuary. All living factors that affect the estuary are called biotic factors. That includes producers’ consumers and predators as producers are of basic importance for consumers. Consumers rely on producers and predators rely on consumers. So these are depend on one another to maintain the balance of estuary, Population growth in the San Francisco Bay area affected the estuary Inc reasing trend of population in San Francisco Bay area affected the estuary as increasing trend of population cause a rush in urban as well as on village areas. More the people are using the recourses more the waste is creating and much use of water and water waste from its use create pollution as much of the polluted water is drained through the underground ways to Estuary that is a great threat for the marine life. More over in recent years 40,000 metric tons of pollutants enter the Bay annually from agriculture and urban runoff. Rivers, atmospheric fallout, municipal sewage treatment plants, industrial facilities, natural and artificial erosion, illegal clearance, dredging and dredged material disposal, marine vessel discharges, accidental spills, and landfill seepage are also causing problems as well. (1) Habitat fracture in the San Francisco Estuary been increased by human behavior Estuaries is of great importance for us as these are used for food, trade and for shelter and in t his case Sans Francisco Bay has great importance as it is used as harbor for many ships of this regions. There are large number of plants and animals found in Estuaries and the most of population of San Francisco Bay depend on these marine lives for their food. But due to the pollution spreading by increase in population cause harm to these plants and animals. This pollution can cause damage to the lives of these plants and animals found in estuaries.

Friday, September 13, 2019

Radins arguments Assignment Example | Topics and Well Written Essays - 500 words

Radins arguments - Assignment Example t hold that a person offering is entitled to understand the persons in the other position of person offering enters the contract in the proposed terms, if the person in the position of being the person being promised gets to understand the words and conduct of the offered as signaling consent according to the terms of the person offering. It also applies to a situation where there is a mutual understanding among the traders; this theory doesn’t apply to boilerplate. Objective theory relies on an individual’s free will; it also relies on the communication and language of the individual. Autonomy theory has an objective basis; it relies on the individual’s free will. Autonomy theory fosters exchange of transition and which the state is justified in diverting breaching promise of the property entitled. Individual autonomy is an institution of contrast and it is justified on basis of free will. Radin also used a background theory that justifies exchange under consensual transfer contracts in another example. For example a liberal state that failed to set up proper rules for enforcing these contracts and refusing to enforce those that aren’t. According to Baird’s argument that focuses on the contract theory upon individual and barging never applies to the boilerplate. Consent plays an important role in contract as a product review. According to Baird’s reasoning relinquishing one’s right to bring action into the court especially without knowing what one is doing. For example one buying computer and the hard disk fails two years later and by then the warrant would have expired. Another issue that Radin addressed is if utilitarian-welfare economic theory can actually justify boilerplates deletion of rights or not. With the intention of knowing the efficiency of the goals, the economic theory of contracts had to be examined although this tends to submerge caused by autonomy in transfer by collapsing the actual requirements of the hypothetical

Thursday, September 12, 2019

Low culture and Street Art Essay Example | Topics and Well Written Essays - 1250 words

Low culture and Street Art - Essay Example By formal definition, â€Å"street art† pertains to visual art performed and generated in public spaces especially on streets that may be viewed by the greater population and which may consist of graffiti artwork, street photography, sculpture, multimedia-based public art, guerrilla art, street paintings and poster designs with slogan, sticker art, as well as other creations that can find association with artistic endeavor that yields civic exposure and appreciation. Such denotation reflects how street art is treated in response to its primary aim under a variety of approach and themes as diverse as cultures and genres that bear impact upon the minds of street artists. Eventually, prominent street art figures across half the century prior to the second millennium beginning with the 70s to the present like C. Sherman, B. Kruger, K. Haring, J. Shabazz, and B. Cunningham have, in a way or the other, liberated art to a degree that it reaches out to establish connection with the he art of human nature. As an artists who functions on a conceptual framework, Barbara Kruger imparts a postmodern vision of public artistry via the power of black, white, and red in layered photography though she confesses â€Å"I feel uncomfortable with the term public art, because I’m not sure what it means; if it means what I think it does, then I don’t do it.† Kruger’s works are characteristic of collage between images and captions carrying bold depictions of truth typically of the issues dealing with individualism.

Wednesday, September 11, 2019

Research paper Example | Topics and Well Written Essays - 1250 words - 5

Research Paper Example The reason behind this great success is the diversified and extensive platform social media provide to their users. Success does not only refer to good sales or handsome income, but another important factors that incur little or no expense over marketing or other legal formalities. It needs to be noted here that social media are not just limited to social networking sites but are very extensive involving the use of various modern techniques. The most popular and the most intriguing social media forum is Facebook which is a marketing platform and start up point of various small scale businesses. Thus in a nutshell, social media have added greatly to the progress and propagation of small scale businesses. Firstly, social media help a small scale businessman to develop a complete marketing strategy. This is one of the most important steps to propagate the business. The convenient platform of social media provided allows individuals to develop a healthy and cheap marketing strategy. This helps businessmen to outline their ideal customer or, basically, their target market and audience. It determines how and what makes them distinct from others in the same field offering the same services, as well as why one should choose them. This gives the customer a story to relate or a glimpse of the services and facilities that await them. Thus, "Social Media for Marketing is perhaps one of the areas of business where social media may prove to be very useful. It can help your reach more markets, and serve as a guide so that you can target your marketing strategies accordingly." (Juon, Dunrie and Buerkle, 56) Secondly, social media aid in developing public relations, as they are quite important to develop a small scale business and make it prosper. Building up on public relations and customer support by using social media is very common these days. This does not only involves queries, orders or details etc. but also helps individuals to evaluate the response and popularity of th e object. The conversations or blogging done on these platforms allow people to understand the product better; if there are any critiques or negative feedback, that can also restrict the customer from doing business. These trends have also evolved the concept of customer services in recent times. Hence, if a social media is used to make good public relations with healthy sales and positive feedback, then that can propagate the business more. "A strong public relations foundation, using feedback from publics, and enhancing the sense of community can make a good digital media plan a great one." (Stoldt, Dittmore and Branvold, 88) It has been observed that through social media, one can engage the customers. "Such a raft of activity surrounding social media it is no wonder that business is beginning to recognize the need to engage social media and overcome any associated fears in adopting this technology to communicate with potential clients." (Davies, 175) Through various promotional s trategies that are being used these days like competitions and sharing of the page etc. has caused great success to businesses. Today, page owners or, in other words, entrepreneurs offer certain incentives which encourage users or customers to promote the business. These incentives might

Tuesday, September 10, 2019

Learning Goals in a Pluralistic Society Research Proposal

Learning Goals in a Pluralistic Society - Research Proposal Example All children are entitled to an experience that is variant because each child has a distinct need. The notion that all children can learn in no way embraces the theory that they learn in the same manner or at the same time or at the same level of achievement. Schools began as simple institutions often run by churches and teachers advanced through the leadership chain with out training. (Murphy 1998). Accordingly, as a principal, one must expect to see different outcomes within the same time frame. Against that backdrop, there is a dramatic change in the role of principals and their duties to their students. (Shipman 2007) Simply having knowledge of the educational system is not enough for a principal to be considered an effective leader. (Shipman 2007) This paper seeks to discuss the first standard of the ELCC standards, the knowledge of the principal. The principal has a deep understanding of diversity and its implications for education. Knowledge of the learning goals of a pluralistic requires that a principal assess the goals which are immediate and long term. Firstly, a principal must be able to have a working definition of what a pluralistic society actually is. Banks and Banks (2006) defined the obligations of a leader in a pluralistic society as those that envision: â€Å"Maintaining a democratic society and preserving and enlarging freedom require citizens who embrace democratic values and recognize their responsibilities to help narrow the gap between real and idealized American values† (Banks and Banks p.46). Naturally, a principal has the obligation to teach these values to his/her students. A leadership principal clearly values individuals who are diverse in terms of race, ethnicity, exceptionality, religion, sexual orientation, socioeconomic status or gender. In teaching the staff, the principal must also keep an open and professional relationship with the teachers of his/her school which is revolved

Monday, September 9, 2019

The Sale of Goods Act Essay Example | Topics and Well Written Essays - 1000 words

The Sale of Goods Act - Essay Example The other important element in such sales is reliance. The buyer must have relied on the description of the goods. In the absence of reliance on the description, the latter does not constitute an important term of the contract (Magrath, 1989). As such, there should be a reasonable understanding among the parties that the buyer will rely on the description of the goods. In Harlingdon & Leinster Enter. Ltd. v. Christopher Hull Fine Art Ltd the court held that the description of the goods constitutes an essential feature of the goods sold. Quality and suitability of the goods sold are implied terms in the contract of sale by description or sample. Implied terms render the seller of the goods liable if these goods do not conform to their description. If the contract does not incorporate a term of description, then the buyer has to establish that he had relied on the fraudulent inducement of the seller. The Court of Appeal dismissed the claim of the buyer against the seller for damages (Harlingdon and Leinster Enterprises Ltd v Christopher Hull Fine Art Ltd, 1990). Furthermore, in Birch v Paramount Estates, the defendants provided some information regarding the quality of the house. The buyer relied on this statement, and the court held that this statement was a term of the contract (Birch v Paramount Estates, 1956). In the Dick Bentley case, it was held by the Court of Appeal that mileage was a term of the contract. Moreover, a car dealer was in a better position than the customer in assessing the mileage shown by the odometer; hence, the car dealer was held liable. In our problem, even though Dusko had inspected the kitten, he had to rely on the description made by the seller. Since the kitten was not in conformity with its description, the seller is liable under the provisions of section 13(1).

Sunday, September 8, 2019

Financial Analysis of Carrefour S A Case Study Example | Topics and Well Written Essays - 1000 words

Financial Analysis of Carrefour S A - Case Study Example Sikhumbuzo Bhengu, junior financial analyst ordered a  report which was demanded by Carrefour S.A.’s CFO Barry Strydom. The request of this report is to identify the cost-effective currency in which the issuing of the bond from the firm to that currency denominated, and it turns that foreign currency is effective than the hedging strategy required to hedge exchange rate risk. Nevertheless, investing in the British pound had several reasons why it was a good idea. Due to the high inflation rate in U.K, the real interest rate became lower while the nominal interest rate of the Swiss franc got lower than that of the British pound. The data information provided by Carrefour S.A. was used to solve the report which was not being expanded beyond the scope of the information given. The position of Carrefour in the market was not conducted by research provided by the internet. The information provided by the case study is assumed to be true and accurate. This report has been conducted by the use of interest rate parity which is the main underlying theory in this case. Carrefour S.A. was seeking to contribute EURO 750million debt financing by issuing a bond at a lower cost either by the use of domestic currency or foreign currency denomination bond in the Eurobond market in the summer of 2002. Carrefour S.A.’s investment banks (Morgan Stanley and UBS Warburg) not only suggested the provision of funds at the lowest cost but also anticipated that the Carrefour 10-year bonds can be dispensed at 5.25% in Euros, 5.375% in British pounds, 3.625% in Swiss francs, and 5.5% in U.S. dollars in August 2002. The assumption was that the bonds were to be issued at par. The action plan which was taken was based on the sales, profits, and sources of profits in various currencies.Â