Monday, September 30, 2019
Drama Analysis essay: The Death of a Salesman Essay
Linda Loman in the novel, Death of a Salesman, is strong woman who sacrificed her job for the happiness and success of her husband and family. The paper will explain how Linda played an important role in the lives of her husband and sons. The character of Linda Loman in Arthur Millerââ¬â¢s Death of a Salesman is a source of strength for many people. A heart and soul of the Loman household, Linda is a woman torn between guiltiness, vengeance and misfortune. Although the novel gives a very bleak view of women, the Lindaââ¬â¢s character shows how a woman can give strength to a man. Lindaââ¬â¢s guiltiness can be seen from the fact that she prevented her husband, Willy Loman, from chasing his true American dream. Linda reacted in response to Willyââ¬â¢s failure and becomes apologetic for him, for the reason that Willy is a ââ¬Å"pitiful lone adventurer of the roadâ⬠(Miller 47) Throughout the novel Linda is seen as source of encouragement for Willy and never accepted defeat before him. When Linda first appeared in the novel, she is portrayed as a woman who always obeys orders of her husband. Linda accepted Willyââ¬â¢s actions and his unexpected behaviors. In the beginning of the novel, even when Linda did not enter into the play, Authur Miller gave an impression that she is a victim. (Miller 12) It seems that Linda is either terrified by the Willyââ¬â¢s attitude or worried about his weaknesses. For many people Lindaââ¬â¢s interference in the financial matters of Willy shows her greed. But many others see it differently. They argue that Linda was very conscious about the success of Willy and the financial health of their family. Linda played an important role in easing tension in the family, especially between Willy and his sons. And this shows her kindness. As Willy finds himself in confusion because of his clashes with his sons on many issues despite the fact that he loves them very much, Linda gives him solutions. She tells Willy that their son Biff is sad and disappointed. She said Biff is trying to find himself. ââ¬Å"Heââ¬â¢s crestfallenâ⬠¦ if he finds himself, then youââ¬â¢ll both be happierâ⬠(Miller 15). Linda who surrenders her own joy for the happiness of her husband has loyalty for him. She blames herself for every unkind things Willy do to her. She has become so familiar to the mental abuse freely dished out by her husband that she has come to consider it acceptable behavior and rationalize it by telling herself that she is not worthy of good treatment. Willy has no respect for Linda. He snaps at Linda when she makes harmless comments. He insulted her on many occasion. ââ¬Å"Stop interrupting! â⬠(64), ââ¬Å"Will you let me talk? â⬠(64), and ââ¬Å"Will you let me finish, woman? â⬠(Miller 67). But what shows the strength of Linda is that she comes to defend Willy when their sons try to offend him. She is still nice with her husband and tells the boys to make Willy happy. For many critics it is evident that Linda has become so desensitized by Willyââ¬â¢s comments over the years that they have become almost common nature to her. But some critics see it differently and termed it Lindaââ¬â¢s strength. They argue that Linda is ready to tolerate all these things for the sake of her familyââ¬â¢s unification and for success of her husband. Despite the fact that the sons do not like their father, Linda on many occasions in the novel is seemed trying to assure Willy of his importance. ââ¬Å"And the boys, Willy. Few men are idolized by their children the way you are. â⬠(Miller 37). For improving the confidence of Willy, Linda gives him the impression that their sons have great respect for their father. In this way she compels herself to live a life that she knows is not factual. Many people believe that this is the strength of Lindaââ¬â¢s character because she tells lie to comfort a broken heart. Even after the death of Willy, Lindaââ¬â¢s respect for her husband does not come to an end. Although by killing himself Willy left Linda without a source of income, Linda blames herself for Willyââ¬â¢s death and while standing on his grave she says ââ¬Å"forgive me, dearâ⬠(Miller 139). During all the years of their marriage, Linda remains a victim of Willyââ¬â¢s bad behavior. But her only aim was to serve Willy. She did everything to make him happy in his life although she knew that she would get only bad behavior in return. In conclusion, it can be said that Linda was a strong woman because she tolerated all bad things for the success of her family. Linda never lived just only a single day of her married life for herself. Her entire focus always remained on the happiness and success of her husband. Willy was undeserving of all the support his wife showed him. But, Linda remained loyal and was quick to forget all the disappointing things done by Willy. While selflessness and forgiveness are good things, Linda become too extreme by destroying her own life, just to keep her unworthy husband happy. Works Cited Miller, Arthur. The Death of a Salesman Cardullo, Bert. Death of a Salesman and Death of a Salesman: The Swollen Legacy of Arthur Miller. Available at: http://www. columbia. edu/cu/cjas/june_miller. html
Sunday, September 29, 2019
Simple Stimulus Learning
a. Explain the concept of habituation. The American Heritage Dictionary defines habituation in terms of psychology is the decline of a conditioned response following repeated exposure to the conditioned stimulus. That is an action done over and over in response to a specific situation. One way we learn is by repetition of a specific response across a number of situations (Carducci, 2002). The more we do something the more we have learned it. Then when exposed to the stimulus (an agent, action, or condition that elicits or accelerates a response), regardless of situation, then we perform the behavior. Habituation takes place in small children when trying to teach a new concept or in adults with amnesia when needing to learn a lost skill. Schools use habituation for spelling test and new math concepts. On Mondays students are given the list of spelling words, then each day the write out the words [five times each], find the definitions of each word, write the words in sentences, and then tested on the spelling of each word on Friday. A person suffering from amnesia that lost the knowledge of driving can regain the skill through habituation. b. Analyze the factors that affect perceptual learning. As with most learning, positive reinforcement or rewards have played a factor in how quickly and adequate we learn. Perceptual learning occurs when there is repeated exposure to a specific stimulus followed by a reward, in the form of praise, monetary, or good feelings. It has been proposed that perceptual learning may occur through a reinforcement process, in which consistently pairing stimuli with reward is sufficient for learning (Franko, 2010). In the spelling test example above the positive reinforcement in learning the spelling words is the grade received on the spelling test. Another important factor to perceptual learning is that the stimulus is recognizable and the reinforcement is desirable. In the amnesia case above the person knew how to drive at one time, and currently has a driverââ¬â¢s license (their reinforcement). They would be more inclined to want to learn to drive again to regain independence and also to utilize the already have license. c. Examine the effects of stimulus exposure. If used correctly stimuli have the intended effect of response and learning. The same stimuli will not work the same on everyone, and will not always produce the same response. A good stimulus done correctly will have a positive effect with the desired response (Mundy, 2009). Just as a bad stimuli done incorrectly will have a negative effect with either no response or the opposite desired response (Mundy, 2009). A stimuli that is exposed to too quickly will result in false memory; person replaces what they think they saw (the lost exposure) with an image from memory and report that as what they saw. Schedule of exposure to similar stimuli contributes to the degree of perceptual learning over and above the amount of exposure in a variety of species and stimuli (Mundy, 2009).
Saturday, September 28, 2019
Sporting Violence Essay Example | Topics and Well Written Essays - 250 words
Sporting Violence - Essay Example h a hockey stick, with a blade or butt, was not a reasonable practice and fell outside the ambit of the implied consent.â⬠(Supra note 25 at 128) and the accused was found guilty of overreacting. Major league baseball considers the commissioner to be the final arbiter of disputes between the clubs and the league and also gives it the authority to impose punishments, much like the NBA and the NHL. (Major League Agreement Art I. (1988) These powers are the result of the uniform player contract and the collective bargaining agreement, that establishes the disciplinary authority of both the team and the commissioner. (CBA of NBA, art 23; exhibit ââ¬Å"standard club rulesâ⬠) The role of the state and police, along with the courts in restricting sporting violence can be of a limited nature, and the last recourse. This position is taken, based on the fact that rough play is a part of the game, and the competitive edge coupled with the rush of adrenaline, may make players indulge in violent acts. The judges, who are called upon to arbitrate are familiar with the mentality of a sportsperson, and they may not be aware of the unspoken rules of conduct, which are a part of all sports. The role of law as arbiter, comes into focus because when a player steps over the line, if his action is not castigated by the games governing authority because ââ¬Å"where there are obvious infractions of the criminal law, the authorities are duty bound to take whatever action is necessary to prevent a repetition of such conduct.â⬠(R v. Henderson [1976] The court in Hackbart v.Cincinnati Bengel Inc.( Hackbart v Cincinnati Bengal Inc. 601 F2d 516 (19th Cic 1979) said ââ¬Ëcourts are ill suited to decide different social questions and to determine what is an acceptable level of conduct on what is much like a ââ¬Ëbattlefield.â⬠and so just as there are a separate set of laws for the army it is not unreasonable to put sportspersons and sporting violence under the purview of their disciplinary bodies,
Friday, September 27, 2019
Short answers-2 Essay Example | Topics and Well Written Essays - 500 words
Short answers-2 - Essay Example Opposite of the black codes, the 14th Amendment was designed to offer more freedoms to the former black slaves after the Civil War. This amendment also ensured that due process was undertaken in the legal system for those on trial or accused of criminal behavior. This was the belief, during the middle portion of the 19th Century, that the United States was wholeheartedly destined to expand the country from the Eastern seaboard all the way to the Pacific coastline. This belief led to the America we know today in terms of size and scale. Believing that cotton was the most important crop in the Southern states during the Civil War era led to the phrase King Cotton which was used by politicians (and others) to express the importance of securing the Southern economic future in relation to agriculture. Abraham Lincoln was the 16th president of the United States, and was assassinated in 1865. Lincoln wholeheartedly opposed slavery and did not want the country to go to war against itself, issuing many publicized proclamations condemning the potential act prior to the start of the Civil War. Abraham Lincoln radically changed the face of slavery during his short stint as president, declaring slaves to be free men. During the reconstruction phase of the South after the war, Lincoln was instrumental in assisting in creating policies designed to re-integrate the South back into the country in terms of agriculture and industry. Slavery was the primary issue leading to the Civil War, with most Southerners believing that slavery was a vital aspect of ensuring a strong agricultural and industrial future, while most of the Northern citizens believed slavery to be immoral and against religiously-inspired freedoms. Further, the South believed in their own superiority in many ways, thus they thought they had a right or destiny to break free of the North (succession) and start their own political and national
Thursday, September 26, 2019
Muted Group Theory Research Paper Example | Topics and Well Written Essays - 500 words
Muted Group Theory - Research Paper Example Thus, the female circle is neither invisible nor acknowledged-eventually, only a small part or rather, reflections of it are exposed.à Consequently, womenââ¬â¢s experiences are felt only as ââ¬Å"black holesâ⬠or reminiscences of society. Womenââ¬â¢s on perspectives are restricted by this enforced tunnel vision, and their voices are not publicly articulated. Women, then, areà left with two choices.à They can attempt to translate their point of view into a masculine mode or try to detach alternate modes of communication. Both options are problematic. For one, the translation process can give rise to communication difficulties and an ensuing lack of communication satisfaction.à There are also structural barriers to the development of alternate communication modes, as men, whether conscious or not, will perpetuate their power by preventing other voices from being heard and acknowledged.à As a result, womenââ¬â¢s voices are muted.à Working as a business a nalyst and meeting with business people who are usually male had been a challenging experience for me. Finding the right words , being articulate enough to sound straightforward like a man is just not of the female character that it posed a real challenge for someone working in a male dominated profession. There have been times I felt that my opinions were just solicited with my male colleagues just acting civilly in my presence, but not really listening and understanding what I was telling. I had to understand.... Working as a business analyst and meeting with business people who are usually male had been a challenging experience for me. Finding the right words , being articulate enough to sound straightforward like a man is just not of the female character that it posed a real challenge for someone working in a male dominated profession. There have been times I felt that my opinions were just solicited with my male colleagues just acting civilly in my presence, but not really listening and understanding what I was telling. I had to understand at those times that there are differences in the understanding and interpretations of men and women of the spoken words. That women usually tend to consider not only the literal meaning of what is said but also interpret meanings beneath it. Also, being with men made me somehow ââ¬Ëloseââ¬â¢ my feminine identity because i had to act and sound like them for me to be accepted as a part of ââ¬Ëtheirââ¬â¢ group. Note, however, that muting is not the same as silencing and that muting is only successful only when the non-dominant group (in this case, women) ceases to find and develop alternative communication styles to express their experiences and code their messages. When this happens, only traces are left of the original, a kind of palimpsest. Feminist communication scholars have documented the ways in which ââ¬Å"masculineâ⬠language both inhibits and infects womenââ¬â¢s forms of expression and how women are forced to double-code their messages through different rhetorical means. According to the muted group theory, women face a dilemma arising from the fact that their experiences and means of communication are restricted by their marginalization in society and their relative isolation within the private sphere-deemed not only irrelevant
Wednesday, September 25, 2019
Spanglish Term Paper Example | Topics and Well Written Essays - 750 words
Spanglish - Term Paper Example This aspect of Spanglish is also properly discussed in the paper. Spanglish and its History Spanglish is one of the most common languages among the Hispanic Americans. It is nothing but a mixture of English and Spanish. According to Oxford English Dictionary, Spanglish can be described as ââ¬Å"a type of Spanish contaminated by English words and forms of expression, spoken in Latin Americaâ⬠(Lipski, John M. ââ¬Å"Is ââ¬Å"Spanglishâ⬠the third language of the South?: truth and fantasy about U. S. Spanishâ⬠). The word ââ¬ËSpanglishââ¬â¢ was first used by Salvador Tio who was a Puerto Rican journalist. In 1952, Tio used this term in a newspaper article. Quite expectedly many consider him as the creator of this word. Some of the articles that were written by Tio in early days contained few Spanglish words which are humorous in nature. However, most of those words were not used later. As a result initially there was some confusion regarding legitimate examples of Spanglish. Apart from Tio there are experts like Nash and Fairclough who tried to gain insight into this language (Lipski, John M. ââ¬Å"Is ââ¬Å"Spanglishâ⬠the third language of the South?: truth and fantasy about U. S. Spanishâ⬠). At present, Spanglish is considered as one of common languages especially in the places like Los Angeles where a major section of the population is ââ¬ËHispanicââ¬â¢. ... Some of the Spanglish sentences are found to be Spanish dominated whereas some are mostly English in nature. Over the last two decades, use of Spanglish has increased significantly with the increase in the number of people who are migrated from Latin American countries to United States. English has collided with Spanish on a regular basis in workplaces, retail stores and classrooms (Castro, Janice. & Cook, Dan. ââ¬Å"Language: Spanglish Spoken Hereâ⬠). Such collisions between two of the most respected languages in the world has developed the growth track of Spanglish. The unique language is found to be very popular among the young people in United States. According to, Ilan Stavans who is an expert of Latino culture, Spanglish is a ââ¬Å"jazzy and a very creative way of being Latino in the U.S. todayâ⬠(Thomas, Jeffrey. ââ¬Å"Spanglish Offers Stepping-Stone to Englishâ⬠). Stavans is a self-declared promoter and admirer of Spanglish who has defined the language as â â¬Å"the verbal encounter between Hispano and Anglo civilizationsâ⬠(Lipski, John M. ââ¬Å"Is ââ¬Å"Spanglishâ⬠the third language of the South?: truth and fantasy about U. S. Spanishâ⬠). Spanglish and Media Globalization In America people who speak in Spanglish are those who have enough knowledge of Spanish but follow American culture. They use clipped and shorter phrases rather than using longer and graceful expressions. Such style is found to be very much suitable in America where ââ¬Ëtime is moneyââ¬â¢ (Castro, Janice. & Cook, Dan. ââ¬Å"Language: Spanglish Spoken Hereâ⬠). Most importantly Spanglish speaking people in US are likely to have the spending power of almost 200 billion dollar. As a result, many companies are eager to make the best out of this huge market. It is found that
Tuesday, September 24, 2019
Main principles of industrial revolution Essay Example | Topics and Well Written Essays - 750 words
Main principles of industrial revolution - Essay Example According to North, "institutions change shapes the way societies evolve through time and hence is the key to understanding historical change"(1990:vii, 3). Poor economic performance is the result of inefficient institutional structures. The difference growth rates among nations are the result of different types of societal rules that nations have. The great progress made by England compared to Spain is the different institutional structure of the two countries. Spain adopted a conquest strategy while England used a commerce strategy. However, there are some who consider North's emphasis on the importance of institutions too naive. According to Donald Snooks, what determines the industrial climate and economic growth is not the institutions but individuals who are capable of making decisions (292). Ideal institutional framework alone cannot achieve success in economic progress. There should be the apt technology for the success of any economic revolution. The Industrial revolution in England was fuelled by great technological change. This may be called the dynamic strategy of technological change. The growth that England showed in the middle ages was slowly losing the impetus by the 16th century and resulted in gradualism. This continued for many more years and the English economy stagnated in the early 1700(Wringley, 1994:32). Only a big push could save the country from financial ruins. Luckily for England a combination of Technological strides coupled with matching strength of institutions came to the rescue of the nation. The commercial change of the industrial transformation was not connected with England alone. Even France was an ideal soil for a change. Certain combination of factors in England made it a possibility. A major chunk of these were technological leaps that England had made. The adequate institutions that England evolved were also a major factor. Transportation in England had the support of the railways and steam engines. Further steam engines reduced human factor in industry. The global markets became accessible due to navigation. England replaced the institution of regulation and encouraged the climate of competition. The central factor in the success of Industrial Revolution was the cheaper method of manufacturing products and cheaper ways of transporting them across the globe. There was adequate institutional support for these activities. The technology strategy replaced the need to conquer others and resulted in the realization that colonies are not necessary for economic growth but countries capable of entering into trade relations. Early in history England realized that economic growth is possible only if individuals worked through market. This realization helped England to form institutions based on laissez-faire policy. The English institutions were the individuals working through market. This resulted in legal system that protected the rights of the individual and private property. The political system gave enterprising individuals the chance to defend their sources of wealth. The educations system provided the skills required for cheaper production. In brief the system followed in Englan d for technological transformation was a system of freely operating market that gave the individual the ability to take decisions. So for the private individual to maximize returns on
Monday, September 23, 2019
The Case of Raleigh Essay Example | Topics and Well Written Essays - 3000 words
The Case of Raleigh - Essay Example The company evidently as its humble beginning started from nothing to something. However, Raleigh was able to survive tough times due to its implementation of competitive strategies. It was able to survive the Great Depression due to its introduction of value-for-money products. Not only that, even if in between 1950 and 1962, Raleigh was still able to consider a competitive strategy which involved focusing on bicycle sales. Focus is a generic strategy which was then applied to Raleigh. This strategy particularly includes concentrating on a certain segment of product line that at some point would benefit the entire organisation in reaching its competitive advantage in the international market (Porter, 1998). By then, Raleigh started to acquire other rival groups in order to dominate in the market and then it started to expand overseas where there were potential for its product offerings. Not only that, Raleigh was good at ensuring promotion of its product line by sponsoring road raci ng team in Europe. Raleigh survived as it continuously obtained subsidiaries which in 2005 came to be around six in all, which include Derby Cycle Werke, Raleigh America, Raleigh Canada, Raleigh Taiwan, Raleigh UK Limited, and Raleigh International. This simply shows how marketing at Raleigh has become more complex as it continues to expand in the international market. 1.1 Q1 1.1.1 Marketing issue... 1.1 Q1 1.1.1 Marketing issue Marketing today is about creating a need or demand for certain product or service offerings and various firms are actually good at doing this for this is an essential step in order for a certain business to survive (Boone and Kurtz, 2006; Kotler et al., 1999). Although the basic idea of marketing is about meeting the needs of the customers, firms actually have significant influence in order to create a need for their service or product offerings. Raleigh was good at doing this stuff. In fact, its ability to create a significant sale amidst tough economic times just proved that it was essentially good at creating a need for its product offerings. 1.1.2 Keeganââ¬â¢s approaches to the study of culture However, modern marketing tries to integrate the idea of understanding the entire market and its prevailing language, religion, values and attitudes, manners and customs, aesthetics, technology, education, and social institutions which are dynamic variables that are integral components of culture (Czinkota and Ronkainen, 2007). Keegan (1989) had different approaches in the study of culture and these include anthropological approach, Maslowââ¬â¢s approach, the Self-Reference Criterion, diffusion theory, high and low context cultures and perception. In the case of Raleigh, all of these can possibly be applied, but on a general or universal context, it is much applicable to use the Maslowââ¬â¢s approach which is entirely about understanding the hierarchy of needs. Modern marketing after all, is about understanding the needs of the customers and even trying to create them on the part of the firm (Kotler et al., 1999; Boone and Kurtz, 2006). Thus, the decision to standardised or adapt a customised approach
Sunday, September 22, 2019
'An analysis of . . . . .' (writer's choice, pending customer Assignment
'An analysis of . . . . .' (writer's choice, pending customer approval) - Assignment Example Organizational change management requires processes and tools for managing the people side of the change at the organizational level. Thus, after a review of the literature in change management and on the importance of computer-mediated education for UOH, the change management program would be presented and analysed in the following sections. 2.0 Literature Review A study was conducted among fifty adult EFL Saudi learners at Najran University, Saudi Arabia, by Mahdi (2012) to investigate the impact of informal use of computer-mediated communication (CMC) on English as a Foreign Language (EFL) learnerââ¬â¢s interaction. Informal use of CMC implies unplanned and unevaluated activities that can occur outside the classroom. The findings of the study suggest that the students had positive attitude towards the use of CM to improve their English language. However, teacher interference and busy schedule, can impact the informal use of CMC. The findings of this study are relevant for this paper because teachers or the faculty would be the prime drivers of this change at UOH. Similarly, Riyadh Colleges of Dentistry and Pharmacy (RCSDP), in the process of implementing a totally computer-based information system to facilitate administration, delivery of curricula and clinical teaching, conducted a survey of the students to investigate into their knowledge and skills relevant to ICT (Rahman, 2012). The aim was to measure the level of acceptance and the degree of training that would be required to equip them to accept the challenge in computer-mediated education system. The study found that students of this college demonstrated favourable attitude towards ICT and their level of use was at par with students from other countries. The fact that the university needed to...The aim was to measure the level of acceptance and the degree of training that would be required to equip them to accept the challenge in computer-mediated education system. The study found that students of this college demonstrated favourable attitude towards ICT and their level of use was at par with students from other countries. The fact that the university needed to conduct a study shows that there were doubts about studentsââ¬â¢ capabilities in using CALL. The study also revealed that there is scope for improvement and that the universities should make greater use of ICT in imparting education. At UOH also the preparatory year is not mandatory for students of me...
Saturday, September 21, 2019
The Leadership Challenge Essay Example for Free
The Leadership Challenge Essay Challenges are what this book expands on, most especially, challenges pertaining to traditions and myths about leadership. Kouzes and Posner look at the issue of leadership and ask, Whatââ¬â¢s new, and whatââ¬â¢s different? Through their research they conclude that even if the context has changed, the real meat of leadership remains the same. In their book The Leadership Challenge, the authors provide real examples of what true leaders really are and suggest that anyone can do the same and practice these principles so that they shine as leaders in their own spheres of work or activity. Written in 1987, many thought it would be one of those books on leadership but since it comes at a time when the world is undergoing a lot of changes and there is a big demand on excellence. The newest edition emphasize once again that the fundamentals of leadership, the very essence of what it means to be a good leader is the same today as it was two decades ago. Thus, they posit that ââ¬Å"Leaders do exhibit certain distinct practices when they are doing their best. Good leadership is not only an understandable but also a universal processâ⬠¦and Leadership is not a private reserve of a few charismatic men and women. It is a process ordinary managers use when they are bringing forth the best from themselves and others.â⬠Perhaps this is what makes the book a hit. The authors are able to hit the weak spot of readers as the challenge is brought out to everyone to do their best because being a true leader requires the very same characteristics that one may already be doing in his own field of work, yet just needs some honing. Thus, the context may change ââ¬â like there are many modern things that had been changing globally, and in this aspect, leadership has changed dramatically; yet the very essence of leadership is still the same, such as the values and virtues that one cultivates in ordinary life. The book is divided into seven parts with thirteen (13) chapters. It helps that the authors are real leaders themselves. Consider this: Jim Kouzes is Chairman Emeritus of the Tom Peters Company and an Executive Fellow at the Center for Innovation and Entrepreneurship at the Leavey School of Business, Santa Clara University. Meanwhile, co-author Barry Posner is Dean of the Leavey School of Business and Professor of Leadership at Santa Clara University. They come up with a Leadership Practices Inventory (LPI) and other publications have made them the authors to beat. Part One of the book establishes the background of what leadership is all about. They challenge readers on how people can be made to follow leadershipââ¬âthat is, by free choice. Thus, they were able to identify five common practices common to most extraordinary leadership. They maintain that leaders do their best when they challenge, inspire, enable, model and encourage. Leaders interact well with their followers. Right from the start they provide real life examples such as that Tom Melohn who in a period of eight years increased the sales of the North American Tool and Die (NATD) by a factor of 5, increasing its pretax profits by 750 percent, and decreasing annual turnover from 27 percent to 4 percent. By year eight, NATD was ready to open a new plant which Melohn calls ââ¬Å"Plant 20â⬠receiving its ninth ââ¬Å"vendor of the yearâ⬠award. From there the authors analyze how Melohn did it considering that he could not even hammer a nail or screw the license plates onto his car, claiming he has never read a book on business since his studies focused on history. He was merely a peddler of packaged goods. He attributes his success because: ââ¬Å"We set three objectives for NATD. First, we planned to from the company profitably. Second, to share the wealth among employees. And third, and equally critical, it was important to have funââ¬ânot just the two owners, but all our employees.â⬠From this the authors dissect Melohnââ¬â¢s leadership capabilities within the company. It is in these examples, peppered all throughout the book, which makes The Leadership Challenge a great read. Readers are able to identify with the true-to-life examples of ordinary men and women who did their best to make their lives and those of others memorable. The quality and type of leadership depends, in part, on the attitude or stance of the organizational head. The general outlook of companies with regards to community service and mitigation of negative externalities may have originated from its founder. Leadership is a primary aspect of management, and an effective leader is someone who knows how to motivate the colleagues to act for the attainment of goals. Good leadership will empower employees to become collaborators in the programs. A holistic organizational participation thus dispels the notion that innovations of management are just personal whims of the managers. Good leadership is a response to the changing attitude and values of the clients and the society, and to get obstinately stuck in the old notion of sheer profit-making is placing oneââ¬â¢s self under the risks of being static. Thus, the authors explain that once successful companies are no longer successful because they have become static along the way when they failed to change and adapt. The authors also underscore that successful leaders have well-designed strategy for planned change. Good leaders also possess well-planned out strategies which are major courses of action adhered to by an organization in order to meet its goals. They are the companyââ¬â¢s methods of responding to threat and opportunities. Their philosophies, programs, practices and decisions, must be in line with the other systems and activities of the organization. Good leaders possess good business ethics, in that it is the ultimate act of deviating from the former exploitative system of capitalism and industrialization. Balancing between strategic logic and social involvement with tangible projects may actually be an implementation of ethicââ¬â¢s moral rights model. Yet the authors provide readers with excellent examples of a leadership model which is not based on power. Rather, it is based on the tools that leaders use to encourage people to be involved in accomplishing the companyââ¬â¢s goals by making ââ¬Å"extraordinary things happen,â⬠as the authors refer to. Prominent in each chapter are examples of leaders who were able to overcome crisis situations. The authors maintain that knowledge is not the sole capability of the leaders. They argue that knowledge is distributed in all levels of the organization and that in order for the organization to benefit from the knowledge of the other men and women in it, they must be empowered well. Thus they state that it is not a matter of making people feel that they are part of the company. Rather it is a matter of making people part of it. Thus, it is not based on feeling. There is more a reaching out of leaders to these employees such that they are encouraged to be true followers pursuing the goals of the organization. Finally, the authors argue that empowerment of all members is very important in making changes more effective. The more involved people are in the process of change, the more effective the change will be and the more lasting it will be for the company Good leaders today enhance their ability to influence their subordinates in order to facilitate efficient decision making process within the organization. This means enhanced strategies in motivating and influencing employees to achieve their tasks. The core need for good leaders is to have the ability to communicate well with employees their roles in the accomplishment of organizational goals and targets. There are lots of valuable leadership forms in the book which many leaders could use. They represent the most effective and the least effective leadership strategy. The issues of motivation are also delved into in the book and this is the prime mover for many workers. Workers need affirmation that what they are doing is correct and exceptional. The inability of the leader to convey the message that job is well done only demoralizes them. This invokes feelings of uselessness and diminishing self-worth eventually giving no incentive to perform a good job anymore. To be extremely coercive is not an effective communication tool for workers would not be able to confirm their role in the over-all design to achieve the goals. The authors end the book with the Leadership Practices Inventory which was developed to empirically measure the conceptual framework developed in the case studies of managersââ¬â¢ personal best experiences as leaders. This puts a nail in the many concepts that they posit in the entire book. Today, there are researches that investigate how the inventory is related to other independent measures of managerial effectiveness.
Friday, September 20, 2019
Nasopalatine Duct Cyst (NPDCs) Case Study
Nasopalatine Duct Cyst (NPDCs) Case Study Abstract Incisive canal cyst or Nasopalatine duct cysts (NPDCs) are the most common non-odontogenic cysts of the maxilla. These developmental NPDC are usually asymptomatic and are discovered during routine radiological examination done for some other diagnosis. A cone-beam computed tomography (CBCT) is a valuable tool to localize a cyst within the nasopalatine canal. CBCT enables analysis of the dimension of the NPDC, analysis of the involvement of neighboring anatomical structures and assists in treatment planning. Histopathology shows non-keratinized epithelium with pseudostratification, ciliation with neuro-vascular bundle in the capsular wall. Surgical approach with enucleation of the cyst is the treatment of choice. Since these lesions show diagnostic dilemma in clinical and radiological study, the definitive diagnosis is made by histopathology. Our case report shows nasopalatine duct cyst in a 27 year old male patient along with brief literature review. Keywords: Nasopalatine duct cyst, Non-odontogenic , Trauma, Anterior maxilla. INTRODUCTION Various synonyms were used previously in the literature for NPDC as cystis canalis nasopalatini, cystis canalis incisive, is the most common non-odontogenic cyst occurring in the oral cavity. Most common site will be midline palate around the incisive foramen from debris of nasopalatine ductââ¬â¢s epithelium. It was first described by Meyer in 1914, in the past, known as the fissured cyst, now according to the WHO classification it is defined as a non-odontogenic, developmental, epithelial cyst of maxilla. In most of cases, it develops in the midline of the palate near the incisive foramen.1à During fetal development the duct gradually narrows until one or two central clefts are finally formed on the midline of the upper maxilla. The nasopalatine neurovascular bundle is located within the duct, and emerges from its intrabony trajectory through the nasopalatine foramen.2 Etiology is still debatable, as some say it may arise from a vestigial organ (nasal-vomer Jacobson organ) present in some inferior mammals. Various triggering factors for cyst development are infection (38 %), trauma (16 %), minor salivary mucus retention, inflammatory stimulus resulting in the abnormal growth of the remnant cells, derived from the fusion of the primary palatal of the first branchial arch. It is a developmental cyst.3 The case report here was in a dilemma whether it was a residual cyst or incisive canal cyst. Many nasopalatine duct cyst were diagnosed during routine periapical or occlusal radiographs.4 The definite diagnosis of the cyst should be basedon clinical, radiological and histopathologic findings. Hence, we report a case of nasopalatine duct cyst in a 33year old male patient, along with a review of literature. CASE REPORT A 27 years old male patient reported in the Department with the chief complaint of swelling in the upper front tooth region since 3 months. Pain was insidious in onset with swelling gradually increased to the present size. Patient gave the history of trauma with extraction of his upper front tooth 3 months back. Extraorally there was no abnormality and no lymphadenopathy detected. Intraoral examination revealed a swelling in the incisive papilla region. Swelling was measuring 1.5 cm x 1.5 cm in the midline of the hard palate and extended posteriorly to the mesial aspect of upper canine. CBCT of the maxilla was advised. Axial, sagittal and coronal sections were obtained; lateral sections along the arch and buccolingual sections were made and assessed to make the following report: CBCT of maxilla showed missing 11, 21 and a radiolucent lesion in anteriormaxilla. A well-defined unilocular radiolucent lesion seen in the anterior maxilla in11, 21, region.(Fig 1). The lesion extends from the incisive canal opening to the floor of nasal fossa superoinferiorly, from labial to palatal cortical plate labiopalatally and from 12 to 22 regions. (Fig 2) The lesion is roughly oval in shape, measures about 13 mms mesiodistally, 13 mms supero-inferiorly, 12 mms laterally. The lesion is bordered by very thin sclerotic margin except for few areas. The lesion is uniformly radiolu cent within, has caused expansion, thinning and perforation of labial cortical plate in particular, also caused perforation of the floor of nasal fossa. On the basis of clinical and radiographic evidence of incisive canal cyst was made. It was decided to enucleate the cyst under general anesthesia. Prior to surgery all preliminary investigations were done and results were within normal range. Cyst was enucleated (Fig 3,4) and specimen was sent for histopathological examination for the confirmation of provisional diagnosis. Microscopic examination revealed non keratinized stratified squamous epithelium of variable thickness with moderate inflammatory infiltrate in the connective tissue wall with few areas of pseudostratified epithelium. Capsular wall shows endothelial lined capillaries, muscular arteries, nerve fiber bundles/neurovascular bundles are seen in the connective tissue wall with areas of hemorrhage and peripheral vital bone is seen.(Fig 5,6) These histological features, in conjunction with the site of the lesion, suggested incisive canal cyst. DISCUSSION Usually it is difficult to distinguish normal incisive canal and foramen from small NPDC which is associated with vital tooth. It is more difficult when it is associated with non-vital tooth to differentiate from radicular cyst and existing NPDC. Some clinicians follow the thumb rule that radiolucency of the incisive canal measuring less than 0.6 cm in diameter should not be considered cystic in the absence of other symptoms.5 The exact etiology of NPDC is of uncertain origin but idiopathic or secondary to trauma, bacterial infections, or mucous retention has been shown with peak incidence between the fifth and the sixth decades of life. NPDC is the most common non-odontogenic cyst of the gnathic bones, representing up to 1% of all maxillary cysts. Etiology of present case is idiopathic with no history of trauma or infections. NPDC has high predilection for male which is synchronizing with our case. NPDC mainly manifest during fourth to sixth decades of life, but our patient was 27 years old and very few cases have been reported in the third decade of life.6 As far as pathogenesis concerned, it was previously thought that the NPDCs originated from the trapping of epithelium during fusion of the embryological processes. This concept has been discarded, and currently NPDC is thought to develop from the epithelial remnants of the nasopalatine ducts present within the incisive canals (canals of Stenson).7 Patients may be asymptomatic, with the lesion being detected on routine radiographs, however many will present with one or more symptoms. Complaints are often found to be associated with an infection of a previously asymptomatic nasopalatine duct cysts and consist primarily of swelling, drainage and pain.8 Our patient was presented with swelling on the midline of the palate without pain or drainage. The mean size of the NPDC variesfrom 6 to 17 mm,9 whereas our case showed a swelling that is 1.5 Ãâ" 1.5mm. Even though definitive diagnosis of a nasopalatine cyst is more easily made on plain film so the advanced imaging modalities such as computed tomography and magnetic resonance imaging are being used to differentiate this entity from other lesions.5 Radiographically, NPDC are wellà ¢Ã¢â ¬Ã¢â¬Ëcircumscribed round, ovoid or heart-shaped radiolucency in the anterior maxilla.10 The radiographic diameter of our case was 13 Ãâ" 13 mm. The differential diagnosis should concern the supernumerary tooth appearing in this area- the mesiodens in the follicular cyst and also it should concern the primary cyst, the giant-cell granuloma, the ostitis with the palatal fistula and also naso-palatine and palatal-sinus connections.2 Histologically, the type of cystic epithelium varies according to the location involved (palatine, nasal, or intermediate). A squamous cell epithelium is almost always observed, although ciliary respiratory epithelium can be seen when the lesion is located higher up or nasally. Some cases rarely show the combination of squamous cell epithelium with ciliary respiratory epithelium as seen in the present case suggesting intermediate to palatal and nasal epithelial origin.7 Surgical enucleation was considered as the choice of treatment. The present case had typical clinical, radiographic, and histopathological features of a nasopalatine duct cyst. CONCLUSION Nasopalatine duct cysts occur in approximately 1% of the population with mean age of 42.5 years. The lesions may be asymptomatic or may manifest as swelling, pain, and drainage from the hard palate. A well-circumscribed, round, ovoid or heart-shaped radiolucency is seen on radiograph. Cone-beam computed tomography easily visualizes the radio-transparency on the midline, with well-defined sclerotic margins, and informs of the exact location of the lesion. In addition, it facilitates planning of the best surgical approach.
Thursday, September 19, 2019
Seaweeds :: Biology, Biodiversity, Marine Food
Seaweeds belong to a group of organisms that has enormous ecological importance and represent a significant proportion of the worldââ¬â¢s biodiversity. Seaweeds have always been of great interest in Asian culture as marine food sources (Rioux et al., 2009). In contrast, Seaweeds represent an important economical resource mostly in the countries of East and south Asia where they are not only largely harvested but also intensively and largely employed in the human nutrition (Caliceti et al., 2002). They can be classified as green algae (Chlorophyta), red algae (Rhodophyta) and brown algae (Phaeophyta) depending on their nutrient and chemical composition (Dawczynski et al., 2007). In addition, the seaweed industry uses tones of wet seaweeds annually, either from the wild or from cultivated crop (Dhargalkar and Verlecar, 2009). Seaweeds or marine macroalgae are potential renewable resource in the marine environment and known to be extremely rich source of bioactive compounds (Chandini et al., 2008). Therefore, algae can be a very interesting natural source of new metabolites with various biological activities that could be used as functional ingredients (Plaza et al., 2008). Biological activities are correlated to the presence of chemical compounds, particularly secondary metabolites. The presence of these compounds may assist in predicting some traditional uses of medicinal plants (Kamatou et al, 2008). However, novel potential areas have to be explored in order to maximize the effective utilization of seaweeds. The Phaeophyceae or brown seaweeds are a large group of multicellular algae, and they play an important role in marine environments both as food, and for the habitats they form. Most brown seaweeds contain the pigment fucoxanthin and various pheophycean tannins which are responsible for the distinctive greenish-brown color as the name indicated. Worldwide there are about 1500 species of brown seaweeds and they produce vast numbers of useful secondary metabolites (Davis et al., 2003, Reddy and Urban, 2009). Some species are of sufficient commercial importance, such that they have become subjects of extensive research in their own right. The term cosmeceutical is now commonly used to describe a cosmetic product that exerts a pharmaceutical therapeutic benefit (Choi and Berson, 2006). Therefore, cosmeceuticals are cosmetic products with biologically active ingredients purporting to have medical or drug-like benefits. Dermatological research suggests that the bioactive ingredients used in cosmeceuticals do indeed have benefits beyond the traditional cosmetics such as creams, lotions, and ointments (Chen et al., 2005). There are number of synthetic components have been extensively used as ingredients for cosmetics. Seaweeds :: Biology, Biodiversity, Marine Food Seaweeds belong to a group of organisms that has enormous ecological importance and represent a significant proportion of the worldââ¬â¢s biodiversity. Seaweeds have always been of great interest in Asian culture as marine food sources (Rioux et al., 2009). In contrast, Seaweeds represent an important economical resource mostly in the countries of East and south Asia where they are not only largely harvested but also intensively and largely employed in the human nutrition (Caliceti et al., 2002). They can be classified as green algae (Chlorophyta), red algae (Rhodophyta) and brown algae (Phaeophyta) depending on their nutrient and chemical composition (Dawczynski et al., 2007). In addition, the seaweed industry uses tones of wet seaweeds annually, either from the wild or from cultivated crop (Dhargalkar and Verlecar, 2009). Seaweeds or marine macroalgae are potential renewable resource in the marine environment and known to be extremely rich source of bioactive compounds (Chandini et al., 2008). Therefore, algae can be a very interesting natural source of new metabolites with various biological activities that could be used as functional ingredients (Plaza et al., 2008). Biological activities are correlated to the presence of chemical compounds, particularly secondary metabolites. The presence of these compounds may assist in predicting some traditional uses of medicinal plants (Kamatou et al, 2008). However, novel potential areas have to be explored in order to maximize the effective utilization of seaweeds. The Phaeophyceae or brown seaweeds are a large group of multicellular algae, and they play an important role in marine environments both as food, and for the habitats they form. Most brown seaweeds contain the pigment fucoxanthin and various pheophycean tannins which are responsible for the distinctive greenish-brown color as the name indicated. Worldwide there are about 1500 species of brown seaweeds and they produce vast numbers of useful secondary metabolites (Davis et al., 2003, Reddy and Urban, 2009). Some species are of sufficient commercial importance, such that they have become subjects of extensive research in their own right. The term cosmeceutical is now commonly used to describe a cosmetic product that exerts a pharmaceutical therapeutic benefit (Choi and Berson, 2006). Therefore, cosmeceuticals are cosmetic products with biologically active ingredients purporting to have medical or drug-like benefits. Dermatological research suggests that the bioactive ingredients used in cosmeceuticals do indeed have benefits beyond the traditional cosmetics such as creams, lotions, and ointments (Chen et al., 2005). There are number of synthetic components have been extensively used as ingredients for cosmetics.
Wednesday, September 18, 2019
Differences and Similarities in Hamlet :: Essays Papers
Differences and Similarities in Hamlet (1) Shakespeareââ¬â¢s play Hamlet [Titles] uses character flaws and strong emotions to highlight strengths and weaknesses in his characters. He also uses differences and similarities between characters to force action along the path he intends the story to travel. This technique is called using foils. The likes or dislikes of one character for another can completely alter the direction of the story. For example, love of a son for his father can be twisted and perverted, with the proper use of characters, into an outlet for hatred and revenge. [This is a very nice idea for a thesis, but instead of using Gertrude and Ophelia as foils (See below.), it would have been much better to use Fortinbras, who, like Hamlet, is also a son of a king who has been killed. Gertrude and Ophelia simply do not fit the category of "son."] (2) An example of foils is Hamlet and Laertes. [Which is the foil?] They both love their fathers, but their love has been distorted and all they feel now is a need for revenge for their fathersââ¬â¢ deaths. The need they have for revenge is fueled by their love for the fatherââ¬â¢s [No '] they lost. However, they pay for this with their lives. They both are honorable men, they both see the errors they made and forgive each other at the end of the play. Hamlet and Laertes are similar in some ways and different in other ways. (3) Laertes blames Hamlet for the death of his father. [Poor topic sentence] This becomes even worse when Claudius doesnââ¬â¢t openly punish Hamlet because of his popularity. Hamlet knows that Laertes is a good soldier and is loyal to Claudius. These men differ in the way they seek revenge. Laertes, upon arrival and hearing of his fatherââ¬â¢s death immediately goes to Claudius and seeks justice for his father. On the other hand, Hamlet doesnââ¬â¢t show any need for speed at all. He begins to devise an intricate plan of faked mental instability and other ploys to get his way. However, Laertes would not hesitate to take his revenge quickly. [This is, perhaps, Laertes' most important role as a foil for Hamlet. It should be emphasized more, by showing how Laertes' haste brings Hamlet's procrastination into the sunlight.
Tuesday, September 17, 2019
John D. Rockefeller Essay -- Standard Oil Company Biography Essays
John D. Rockefeller John Davison Rockefeller (July 8, 1839 - May 23, 1937) was the guiding force behind the creation and development of the Standard Oil Company, which grew to dominate the oil industry and became one of the first big trusts in the United States, thus engendering much controversy and opposition regarding its business practices and form of organization. Rockefeller also was one of the first major philanthropists in the U.S., establishing several important foundations and donating a total of $540 million to charitable purposes. Rockefeller was born on farm at Richford, in Tioga County, New York, on July 8, 1839, the second of the six children of William A. and Eliza (Davison) Rockefeller. The family lived in modest circumstances. When he was a boy, the family moved to Moravia and later to Owego, New York, before going west to Ohio in 1853. The Rockefellers bought a house in Strongsville, near Cleveland, and John entered Central High School in Cleveland. While he was a student he rented a room in the city and joined the Erie Street Baptist Church, this later became the Euclid Avenue Baptist Church. Rockefeller started to work at the age of 16 as a clerk in a small produce firm. After that he formed a partnership in a grain commission house. Cleveland was a good place to organize "something big" in the oil business. There were two major east-west railroads in Cleveland. Also, Cleveland was on Lake Erie, which was big enough for large ships to harbor. This made it possible to transport the oil easily. Rockefeller was determined to make Cleveland the center of oil business. Before he was able to accomplish this feat, he would eventually create the largest oil company in the world in Cleveland, titled "Standar... ...he created are the Rockefeller Foundation, Rockefeller Institute, the General Education Board, and the Laura Spelman Rockefeller Memorial. Today the Rockefeller name lives on through the institutions he founded. John D. Rockefeller started with very little, amassed a fortune, and then gave back to the country that made it possible for him to be so successful. To sum this all up Rockefeller created extremely successful companies, he used what are now corrupt methods in some aspects of his corporation building to get to the top. The success of the Standard Oil Company is credited to the fact that its owners ran them with great authority. In this very competitive time period, many new businesses were being formed. It took talented businessmen such as Rockefeller to get ahead and keep the companies running and make the fortunes that were made during this period.
Monday, September 16, 2019
Drink â⬠Marketing Essay
The brand that we know of today, Snapple, originally was manufactured in 1972 as an all-natural apple juice business in Greenwich Village. Arnie Greenberg, Leonard Marsh, and Hyman Golden founded the Snapple Brand outsourcing production and product development building their network of distributers across New York City. Despite many product flavors that were failures, premium pricing balanced everything out and Snapple was still able to generate revenues. Unlike Snapple, from 1972 to 1993, much start up juice companies had failed or were sold off to larger distributers. Howard Stern, Rush Limbaugh, and Wendy Kaufman were a huge part of the success. The original owners sold the company to Thomas H. Lee Company in 1992, who then sold it to Quaker Oats in 1993. Quaker owned Gatorade and thought that by purchasing Snapple it would be as successful as the sports drink once they started stocking grocery store shelves. Unfortunately, Business Week tells us that this acquisition proved to be one of the major U. S. business disasters of the 1990ââ¬â¢s. The brand lost 1. 4 billion dollars in value under Quakerââ¬â¢s ownership as well as the distribution channel power it had established years prior. Four years later, Ken Gilbert and Mike Weinstein of Triarc, used research from a NJ group, Deutsch, Inc. , to assess the company in hopes of setting priorities and to reverse the downward slide Quaker had left the company in. Ultimately, Weinstein had hopes of reinvigorating the brand, though Gilbert was hesitant. Deutsch had researched the brand and found solutions such as demarcating Snapple as a category set aside from any others like diet soda and chocolate milk. Weinstein felt that Snapple was an upbeat drink and that they should keep the ball rolling on an upward track to success. Primary goals for Triarc in the short term go along with some of the business decisions the company made earlier when it was known for its ââ¬Å"all naturalâ⬠beverages. Increasing sales volume and market share for the Snapple brand in general is the overall culture of the company short term. One example of how to do so would be signing celebrity spokesperson to reconnect with consumers as they once did with Wendy Kaufman. Wendyââ¬â¢s aberrant personality was a form of advertisement for the Snapple brand which also attracted the unpaid media attention. Hopefully with a new personality Snapple will appea4r again on Oprah, and David Letterman. An idea for a celebrity spokesperson would be Angelina Jolie. She travels the world, can show places she has been on commercials with people drinking Snapple. Questions she could ask would be based on their culture by what type of Snapple they enjoy. Market studies should be conducted while promoting the drink so that they can find the top ten favorite flavors nationwide and globally. Sticking by one spokesperson and earning the trust again of the public is key. Earning trust of the public will also include answering fan mail and establishing fan clubs. Over the long term this can be established. She can answer her mail on TV eventually as Wendy once did to connect back to the public. Triarc cannot decide to dump the celebrity midway during success and expect the consumers to respond favorably; we saw the result of this when Wendy was let go in prior years. This lost the brandââ¬â¢s authenticity and trust in the consumerââ¬â¢s eyes. Over the long term I feel that Snapple needs to also increase TV, radio, and print advertising which is innovative to the brand. Once the brand is more recognizable with a celebrity, the additional advertising will get the brand out there. The most important opportunity Snapple has at this time is where it is in the market. It needs to increase itself in the juice/soda drinking market segments. To do so the need to launch new products based on this beverage market what is most popular but keep the same labeling. Aggressive distribution and customer loyalty strategyââ¬â¢s is important. Snapple used to have events such as fashion shows where people would dress up in dresses made only of Snapple lids. Another idea would be to have games like McDonalds has each year with the monopoly pieces. It will get the public of all ages involved and it will be fun. Snapple was considered by many to be a good example of a conventional product that was marketed in an unconventional fashion. Snapple was a popular beverage brand in the USA and several other parts of the world. The brand was launched by the Unadulterated Food Company in New York, in 1972. Over the years, Snapple came to be known for its unconventional promotional efforts which earned the brand a substantial fan following. The Snapple Beverage Corporation became one of the first companies to enter the ââ¬ËNew Age Beveragesââ¬â¢market, which included non-carbonated drinks like tea and juices in the late 1980s. Snapple changed hands several times over the years. However, barring a few bad years, the brand remained very popular among consumers.
Digital Fortress Chapter 13
Tokugen Numataka stood in his plush, penthouse office and gazed out at the Tokyo skyline. His employees and competitors knew him a sakuta same-the deadly shark. For three decade she'd outguessed, outbid, and out advertised all the Japanese competition; now he was on the brink of becoming a giant in the world market as well. He was about to close the biggest deal of his life-a deal that would make his Numatech Corp. the Microsoft of the future. His blood was alive with the cool rush of adrenaline. Business was war-and war was exciting. Although Tokugen Numataka had been suspicious when the call had come three days ago, he now knew the truth. He was blessed with myouri-good fortune. The gods had chosen him. ââ¬Å"I have a copy of the Digital Fortress pass-key,â⬠the American accent had said. ââ¬Å"Would you like to buy it?â⬠Numataka had almost laughed aloud. He knew it was a ploy. Numatech Corp. had bid generously for Ensei Tankado's new algorithm, and now one of Numatech's competitors was playing games, trying to find out the amount of the bid. ââ¬Å"You have the pass-key?â⬠Numataka feigned interest. ââ¬Å"I do. My name is North Dakota.â⬠Numataka stifled a laugh. Everyone knew about North Dakota. Tankado had told the press about his secret partner. It had been a wise move on Tankado's part to have a partner; even in Japan, business practices had become dishonorable. Ensei Tankado was not safe. But one false move by an overeager firm, and the pass-key would be published; every software firm on the market would suffer. Numataka took a long pull on his Umami cigar and played along with the caller's pathetic charade. ââ¬Å"So you're selling your pass-key? Interesting. How does Ensei Tankado feel about this?â⬠ââ¬Å"I have no allegiance to Mr. Tankado. Mr. Tankado was foolish to trust me. The pass-key is worth hundreds of times what he is paying me to handle it for him.â⬠ââ¬Å"I'm sorry,â⬠Numataka said. ââ¬Å"Your pass-key alone is worth nothing to me. When Tankado finds out what you've done, he will simply publish his copy, and the market will be flooded.â⬠ââ¬Å"You will receive both pass-keys,â⬠the voice said. ââ¬Å"Mr. Tankado's and mine.â⬠Numataka covered the receiver and laughed aloud. He couldn't help asking. ââ¬Å"How much are you asking for both keys?â⬠ââ¬Å"Twenty million U.S. dollars.â⬠Twenty million was almost exactly what Numataka had bid. ââ¬Å"Twenty million?â⬠He gasped in mock horror. ââ¬Å"That's outrageous!â⬠ââ¬Å"I've seen the algorithm. I assure you it's well worth it.â⬠No shit, thought Numataka. It's worth ten times that. ââ¬Å"Unfortunately,â⬠he said, tiring of the game, ââ¬Å"we both know Mr. Tankado would never stand for this. Think of the legal repercussions.â⬠The caller paused ominously. ââ¬Å"What if Mr. Tankado were no longer a factor?â⬠Numataka wanted to laugh, but he noted an odd determination in the voice. ââ¬Å"If Tankado were no longer a factor?â⬠Numataka considered it. ââ¬Å"Then you and I would have a deal.â⬠ââ¬Å"I'll be in touch,â⬠the voice said. The line went dead.
Sunday, September 15, 2019
International Portfolio Diversification: World Oil Economy
The prospect of innovating new technology is not only very economical but it also serves as an operational assistance to solve the forthcoming oil crises. With the help of this new technology, by 2015, we will be capable of earning about $10 billion annually. Under the current scenario, many people have predicted that the oil crises will prevail in the future. Daniel Yergin expressing his concern said that ââ¬Å"people seem to have forgotten that oil prices like other commodities keep fluctuating and these can go up againâ⬠. Robert Dole pointed out, ââ¬Å"in the future security of world's oil and gas supplies will be a vital interest of the US and other Powersâ⬠. (Romm and Curtis, 1996) The consequences of the rising trade deficit on the security of our oil resources have also been underlined by Alan Greenspan; the Chairman of the Federal Reserve bureau. Department of the Energy Information Administration (EIA) states that the daily consumption of oil by 2010 will rise to 20 million barrels. The International Energy Agency debating increase in population, urbanization and industrialization commented that the world's population specifically of Asia and Latin America will increase about 50% by 2020. (Romm and Curtis, 1996) It means more villagers will move to city resulting in increase in the consumption of energy and oil and the decrease in the cultivating area as oil the fundamental unit of urbanization. An analysis done by the national laboratories of the Energy Department shows that ââ¬Å"the per capita energy consumption of china and Indiaââ¬â¢s urban population can rise to 45% in the coming yearsâ⬠. Consequently, their daily consumption of oil will rise up to 119 million barrels. This is twice the global oil consumption today. (Romm and Curtis, 1996) Under the worldwide economic depression the global energy demand of oil is expected to rise high. According EIA, 80% of this demand will be fulfilled by the Persian Gulf. It means that within 10-15 years the export market share of Gulf countries will increase up to 67% of its current share. Moreover, EIA predicts with this increase in the demand of oil by 2010, the oil prices will rise up to $24 a barrel; causing a 75% increase in the export market. Besides, other countries have initiated a 15% and 10% increase in their oil production and in their proven reserves respectively. Unfortunately their reserves durability has fallen to 18-17 years. Unlike these countries OPECââ¬â¢s attempt to raise its production and proven reserves to 20% and 75% will raise its productivity for ninety years. On the whole is seems that the economy and security of the United State is in the hand of OPEC countries, due to its increased dependence on oil. (Romm and Curtis, 1996) In the coming decade, the US is expected to import about 60% of its oil, of which one third will be imported from Persian Gulf this will raise its trade deficit in oil to $100 billion yearly. This is a great and persistent setback to its economy. In past decades the oil import has increased vulnerability to raised oil price increase. This is always fallowed by economic recession. Hence, by 2010 the oil revenue of the Persian Gulf nations is likely to increase to $250 billion from its current price of $90 billion annually. it means that the wealth of Persian Gulf will raise to $1. 5 billion in the next decade. This scenario is of great concern as it will bring heavy weaponry, influence and mischief in the troubled region of gulf. This may Increase military and technical expertise for Russia. (Romm and Curtis, 1996) Noticeably, in the future economic recession the competitors of US will be the Asian countries with their growing consumption of oil rather than the NATO countries. Whose measures to consume limited oil are of are helpful to US in the current a future scenarios. (Romm and Curtis, 1996) Presently, ââ¬Å"International Departments of Energy (IDE)â⬠are trying to explore and extract oil from countries other than Gulf e. . certain reserves of oil have been explored form Soviet Union. Hence, to facilitate these stances Department of Energy (DOE) is encouraging the privatization of many oil companies; particularly, those situated in Mexico and Latin America. In fact DOE is spending $10 million annually to develop advance oil field technologies. This will be helpful to reduce the cost of finding and extracting oil. EIA believes that US import of crude oil will reach to 10 million barrels within 15 years; even after maintaining a decline in the domestic oil usage. (Romm and Curtis, 1996) To reduce oil consumptions DOE has invested ten of million of dollars in automobile sector for The development of less fuel consuming cars and trucks with internal combustion engine, electricity run cars, boifuel consuming cars, super efficient hybrid vehicle, and devices with energy storage capacity like batteries etc. it is also investing to use the wastes of crops instead of natural gas. Most experts believe that the long term replacement of oil is only the fuel cells technology. Even if oil prices decreased, DOEââ¬â¢s attempt to produce alternatives will be helpful in many ways. These initiatives will create jobs and will save the money otherwise invested to import foreign oil. It will help in environment protection as on using these technologies less fuel will be consumed. (Joseph J. Romm and Charles B. Curtis, 1996) David and Crucini were conducted to analysis the variability among trade and Sudden movements of oil prices. For this reason we studied the correction terms of trade and other variable. Three oil producing countries ââ¬â two industrial and on non industrial- were taken as sample. And a correlation was conducted among these industrial and non industrial oil producers. The results of the study explain the changes in oil production tends to affect the industrial productivity and ultimately to the trade. If production increases trade will also increase and with the decline of production trade will also decrease. (Backus, & Crucini, 2000) This also assists in finding the ââ¬Å"correlation between the terms of trade and output generatedâ⬠. The results show that there is a positive correlation between the trade terms and the increase in productivity. Increase in trade is directly proportional to the increase in productivity; if trade increase productivity will also increase. Besides, there is a negative correlation between the terms of trade and oil price hike. Trade decreases with the increase in oil prices and increase with the increase in oil prices. (Backus, & Crucini, 2000) The mechanism explained above also affects the trade and productivity of the items produced in the country. If there is an increase in the products domestically produces and traded, there prices will decrease. But if there is a decline in the production and trade of these products, an increase in their prices will be viewed. Therefore, If the oil supply is disrupted it will reduce the productivity and trade ability of an industrialized country. It is due to the fact that most of non oil producer industrialized countries import oil for use in their industries. So if there is a shortage of oil it will cause decrease in the products produced by the industry. In other words one can say that the oil prices are inversely related to the trade and productivity of a country. Therefore if there is an increase in the prices of oil it will badly affect the economy thus causing economic recession. (Backus & Crucini, 2000) The behavior of international oil prices in the postwar economy can be understood through the economic recession of 1970's and 1980's. When countries have to experience sudden increase and decrease in the oil prices. Moreover, between 1973-1986 oil prices underwent a noticeable changes in different directions: output vitality increased in UK, US Italy and France. However a noticeable decrease in the output was observed in Germany and Japan. Similarly an increase in the consumption of oil was perceived in Italy, Japan, United Kingdom and United States while declined in consumption of oil was by Germany and Japan.. Notwithstanding, this increase in the trade of five countries, the correlation of the exports was negative. The results showed that the trade prices are short lived and synchronized by the changes in the relative oil prices. (Backus & Crucini, 2000) the non-oil producer countries have large share of fuel in trade for example the Japanââ¬â¢s share in the fuel trade market was 22. 2%. However after first economic recession and oil price shock in the mid 1970's a change in fuel share was viewed: France, Germany, Italy and Japan all faced double deficit in their fuel trade. The cause of some of this reversal of trade deficit was the either collapse of oil prices in mid-1980's or energy conservation. However positive changes were viewed in the fuel share of Australia and Canada while US emerged as a net exporter of fuel through North Sea oil production. On the whole it was proved that oil prices have a cyclical influence upon the terms of trade. Backus & Crucini, 2000) Moreover term of trade of the smaller countries is more volatile as compared larger countries. Sudden increase in the prices of oil reduces the productivity and trade, simultaneously. On the whole this study suggests that there is an unstable relationship between relative price and quantities. Especially when increase in oil prices act differently over time. Hence the terms of, output, and the trade ba lance can be maintained and kept stagnant by controlling the source of oil price shocks. (Backus & Crucini, 2000) A crude oil reservoir contains crude oil extracted using primary, secondary, improved, enhanced, or tertiary method. Created liquids and those extracted from mined deposit are not crude oil. There is no doubt that crude oil reservoirs are in vast quantity yet the fact remains that they are finite. In fact most of these reservoirs are almost fully explored or are being explored. Petroleum production has been culminated with the increase in the demand. Currently demand for the crude oil in the developing countries like China, India, South America has risen up to 2%. (Wood et al, 2000) These countries face increase in the growth of crude oil demand due to increased consumer demand. Crude oil is mostly consumed for transportation and in internal combustion engines. Neither developing country other than China and India demanded high crude oil either due to political or economic reasons. However many economists and industry professionals predicted that over past two decades world crude oil production will increase with increasing frequency. And this increase will cause noticeable impacts on the world oil prices, lifestyle of people, US economy etc. Wood et al, 2000) In April 200, the United States Geological Survey (USGS) marketed the results of their most detailed and modern study. This 5year study was conducted by the geoscientists to compute and analyze the resources of crude oil and natural gas in the world. Basically this study was conducted by USGS ââ¬Å"to provide impartial, scientifically based, societal relevant petroleum resource information essential to th e economic and strategic security of the United States. â⬠The results of this study were used by EIA to analyze world oil supply in the long run. Hence, we can say that the EIA's analysis is based on historical and geographically derived facts rather than mere assumptions and estimations. (Wood et al, 2000) if the resource base is large it will reach peak of its production at a later stage as compared to a smaller one. Moreover, if following the USGS analysis crude oil continue to produce at 2% Growth rate than and if the production starts declining than till 2037 the production of the worldââ¬â¢s crude oil will raise up to 53. 2 billion barrel annually. However, depending upon the demand it is also likely that by 2112 and 2021 the production of the crude oil may rise to 24. 6 and 48. 5 billion barrel (Wood, Long, Morehouse, 2000) the growing demand of the crude oil can only be reduced trough the invention of new technology e. g. hybrid powered automobiles and substitution of the source of energy e. g. Hydrogen- fed cell. The increase in unconventional sources of production (tar sands and very heavy oil) also depends upon the rate of technological advancement. This type of production is very economic and successfully working in Canada. However from this study we estimate that oil will peak in the middle of 21st century which means new energy doesnââ¬â¢t have the large time required to penetrate the market. Therefore these results does not justify both the supply and demand of the research (Woo et al, 2000) Since World War II about US recessions were fallowed by sudden increase in oil prices. Although, it doesnââ¬â¢t make any difference, in analyzing the outcome of oil price shock, economic decisions are more concerned with real oil prices rather than nominal oil prices. However most of the oil shocks are based upon the nominal prices as their magnitude is larger than the overall. Initially the nominal prices stay stagnant and change over time. The difference and nominal is that the former are the outcome of the change in internal economic inflation and have external statistical representation. There form many researchers use nominal oil prices as an explanatory variable to explain oil price economy. (Hamilton, 2005) In an economy dollar have a fairly small share i. e. in 2000 US consumed about 7. billion barrels of oil purchased at a price of $30 a barrel. This shows that dollar share is 2. 2% of the $9. 8 trillion GDP of US. However the nominal GDP of US has risen to 3. 8% in the past few years, after the production and supply disruptions caused by five oil price shocks and economic recessions. (Hamilton, 2005) The decrease in the quantity of oil supplied is actually synchronized by the sudden increase in the fuel prices. The oil shocks contributio n of economic downturns should be attributed with changes caused by other factors and capitalization rate. Theoretically, Increase oil prices will cause a decrease in capital and labor allocation. However, in reality an oil price cause increase in the output (allocating of labor and capital). (Hamilton, 2005) The economic regression of 1949-80 predicted a slow GDP growth of about 2. 9% annually after an oil price hike of 10%. However, 1949-2005 regression predicted only 0. 7% slow GDP growth. This is resulted through the use of less fuel efficient cars. Noticeably net oil prices have shown an increase in the crude oil prices to about 20%. In 2004 oil prices showed an 18% increase while world production showed an increase of 21%. Similarly 2005 viewed 0. 2% increase in production and 21% increase in oil prices. These figures show that increased demand of oil contributed to the Increase of oil prices during the last years. (Hamilton, 2005) The recession from the oil prices increase suggests that there is some kind of relation between oil prices and productivity. The oil price shock is governed by factor share argument and affects the economy through the disruption caused by consumer and firmââ¬â¢s investment on other goods. Oil prices also affect the inflation rate governed by monetary policy on long term basis. (Hamilton, 2005) Today, we are so heavily dependent on oil that 90% of our transport, 95% of all good and food products requires oil. In short, today the world is consuming 80 million oil daily and 29 billion barrels of oil yearly. Unfortunately these figures of oil consumption are rapidly rising. According to the US government assumption by 2025 this demand of oil will increase to about 120 million barrel daily and 43 billion barrels yearly. (Leggett, 2006) America only consumes quarter of global current demand for oil. This is due to the decrease in domestic oil production and increase in demand during last 35 years. These figures show that Americaââ¬â¢s share of oil import will increase over time. Today, of the 20 million barrels consumed by America about 15 million are imported from the Middle East. The US can cut its import of 5 million barrel by increasing the fuel consumption capacity to miles per gallon of its automobile but instead it has allowed General Motors to build automobiles. Similarly, the US has increased the Share of Spots Utility vehicles to 24 % by 24%. (Jones et al, 2004) Consequently due to these lavish expenditure US vehicles fuel consumption ability reduce to 2. 44 mile per gallon in 2001 as compared to other countries whose cars have the capacity of moving 60 miles per gallon. (Jeremy Leggett, 2006)On the whole the fact remains that oil is finite thing. Different people have different views in this regard some think that only about 2 trillion barrels of oil is left to be used and discovered while other think that this amount is at most 1 trillion. The former suggests that oil production will expectedly end till 2030 which means there is enough time to go for alternatives. They also believe that 1. Saudi Arabia have achieved its peak of pumping and couldnââ¬â¢t serve as an alternative during recession 2. the giant oil field have all been exploited and none is left behind however in later case it seems the recession time will come soon and there is less time to innovate is a factor with help of which oil price shock can change macroeconomics. Reallocation of labor after the recession period is really helpful to reduce the effects of oil price shocks. Under a long lasting oil price rice reduces the energy usage, capital and labor supply which causes a reduction in the investment sector and capital stock market decline as well. Janis suggested that under increased oil prices wages are ââ¬Å"potentially significantâ⬠even with low oil price and productivity. (Jones et al, 2004) Therefore, it seems that reallocation of capital and revision of investment plans is necessary to oil price shock effects on the macroeconomics. Oil price shock has a double effect on the destruction and creation of jobs in all sectors. In the case of positive oil price shocks sector responds ten times positively than in the negative shock situations. Increase in petroleum products cause an increase in the wages of skilled workers but 3%- 4% decrease in real wages of workers. In other wards one can say that oil price increases have a negative impact in the short run but in long run it has a positive. With the increase in oil prices unemployment also. (Jones et al, 2004) Interest rates have strongly asymmetric response towards positive and negative oil price shock in short run and a moderately asymmetric response to long run. It means that the oil price works primarily through GDP mechanism and affect the interest rates with its fluctuating prices. Hence, if the prices of petroleum increase the crude oil prices will also increases but if the prices petroleum decreases the price of the crude oil will also decrease. Jones, Leiby, and Paik suggested that ââ¬Å"In case of crude oil relation with GDP asymmetry is the speed of response to the price in price GDP case asymmetry is the magnitude of the price hikeâ⬠. Some experts say that the oil price of the 1970s was the real cause of the economic recession. Both energy prices other words it can also be said that the oil price shocks primarily through employment, GDP and interest rate. (Jones et al, 2004) There is a little doubt about the impact of the monetary policyââ¬â¢s response to the hike in the oil price. However, DOE did reached a conclusion that during 197-1990 episodes of recession that some of the GDP reduction was caused by a deficiency in the monetary policy and was outcome of oil price hike. This means that an alternative monetary policy could have averted recession of 1970s. One can say that during economic recessions oil prices indirectly act on the GDP through the monetary policy. The prices shock in the OPEC is actually the result of depressed growth but due to the increased demand of the oil. (Jones et al, 2004) After 1980s recession OPEC its ability to keep the prices of oil stable this type of change may be cause due to Oil prices never affected GDP. It was viewed to be so due to the lack of lengthy data to be studied. Since the World War II the pricing of world oil market was not as linear and simple as was observed. So when the flexibility in observing thing emerged the observers began to understand the price signal. (Jones et al, 2004) The changes in the stock market, which are caused by increase in economic activity is crucial for economic activity. Both present and future impacts of oil prices on the stock price are notice worthy and helpful to determine the future scenarios. The relationship between the stock market and the oil prices is reflected through the effects of stock market on cash flows. In other wards the cash flow of oil prices have a positive or negative impact on the stock market. 0% of the oil price shocks are responsible for the ups and downs in the business circle while only 16% is responsible for the fluctuations in the U. S. (Jones et al, 2004) The above discussion proves that during an economic recession GDP-oil relationship is mostly observed. This relationship can not be either avoided by the alternative monetary. Mover over after World War II the oil prices have been p roved to be non reliable and constantly fluctuating factors. Empirical research also shows that reallocation of 11% manufacturing labor occur after oil price hike. Hence, it seems that from a macroeconomic perspective all the price movements are different. It is necessary to develop policies helpful to deal with the oil price shocks. (Jones et al, 2004) To forecast oil supply a low cost approach can be helpful. It will help to determine the nature of the bias and recurring errors. This type of approach is necessary to explain the difficulties involved in making petroleum supply forecasting at a macroeconomic level. (Lynch, 2002) Forecasting of oil prices is in practice since late 1970s e. g. Lynch predicted that the by 2000 Gulfââ¬â¢s boom in oil production will decline to $13-18. per barrel. But this forecast was base upon the economic recession of 1970. Despite being shifting from the hands of one company to the other, oil prices have remained constant to $14 per barrel throughout its history. But this stability of the prices changed in 1970s, when it had to face price hikes due to disruptions caused by supply and demand. (Lynch, 2002) The OPEC decision to introduce a long term price raisin path supported the expectations of having a 2-4% price growth. This step was so mush supported that for many yearsââ¬â¢ people demanded these types of initiations. For a long time there is form cast that oil prices will remain flat. However, it seems that the price hike of 2000 will alter it. Since 1980s the researches related to oil production and supply has become pessimistic which a common approach before 1979; when most of the studies focused upon scarcity of recourse, and need for new discoveries outside the Middle East. The production of world crude oil has changed over time. In a study conducted for non-OPEC forecasts that that most of the errors and bias faces were same leading to the peak in production. Lynch, 2002) The development of a new technology for the extraction of oil does have many positive consequences, who really demand appreciation. Today with the help of technology many discovered but unutilized oil reserves have been drilled and are being marketed. For instance, oil reserves of North Sea were abandon due lack of heavy expenses in 1970s. Today these reserves have been discovered with the help of technology at a very low c ost. According to a study 1998 with the use of modern technology the oil reserves of US rose to about 24000 tones. This means that with the help of modern technology US underwent a remarkably 16% increase in its reserve. (Lynch, 2002) Notwithstanding this increase it is also true that these reserves are finite and will tend to decrease over time. Lynch conducted a study in this field and found that the production oil reserve will undergo a 10-20% decrease annually since its drilling and extracting starts. Even between Gulf countries the productivity level is different and depends upon the location. For instance, Drilling in Saudi Arabia will bring more revenues as compared to drilling in Oman. However, it is also a fact that most of the countries try to hide the actual situation and capacity of their oil reserves e. g. according to the report of Canadian oil experts the oil reserves of Canada remained same during 1999 and 2000. (Lynch, 2002) Many countries are reluctant to import oil in heavy quantity due to heavy tax rates. As most of the oil producing countries demand high taxes on the export of their products. In such cases producing countries raise the prices which then seriously affect the global economy. However, since the formation of OPEC oil prices are continuously regulated and controlled. (Lynch, 2002) The world oil production is regulated under Saudi Arabia and OPEC members since 1970s. After the oil shocks of 173 the new sources of oil supply have been discovered: Mexico, North Sea, China, Alaska, etc. Besides, Russia is the third largest producer and the second largest exporter of oil. Today, OPEC has a 40% share of the world oil supply which is sufficient to exert power in marinating and fluctuating world oil prices. The oil usage of US has been decreased since1980s economic recession. In 2000, after sudden 16% increase of oil prices US oil production declined to 12% As a result of these different trends in consumption. This means now the US more rely on imports than before. However, the US exports the domestically produced oil at the globally set prices. After the terrorist attacks in US oil prices were reduces bringing great setbacks to the world economy. This happened because of the ban imposed on air travel. (Perry, 2001) The Middle East does not seem to be affected by terrorists, yet its geographical locality and vulnerability to the terrorists can not be ignored. Currently both increase and decrease in the oil prices is viewed. (Perry, 2001) The recent oil forecasts claim that next economic recession will be caused by terrorist attacks and the prospect of authorizing limited airlines theses acts are likely to reduce the world oil demand which will ultimately lead to global recession. The OPEC could avoid this recession by introducing production and. Saudi Arabia has initiated by applying a production and price cut to its oil reserves: its oil price has reduced to $4 a barrel in October 2001 immediately after terrorist attack on the US. The oil prices decline of 1980s and 1990s will be very much helpful in the current situation: by assisting airline industry, slowing down the inflation rates, and will assist inpursuing expansionary monetary policy. (Perry, 2001) The two recessions fallowed by the world war were greatly associated with the disruptions in the oil: â⬠¢ During the Arab-Israel war of 1974. Arab countries announces major cut in the production on oil and prohibited shipments to the supporters of Israel. The OPEC raised the crude oil price to $12 from $3. The 1975 economic recession faced both higher oil prices and depressed the oil demand. It was the time when OPEC had to cut production to maintain high oil prices. But this prospect negatively as with the fear of shortage of supplies certain precautions were adopted. (Perry, 2001) It was the time when US felt need and created the strategic petroleum reserve similar to those established in industrial countries. In addition, also applied buying constrain ts on consumer and imposed moderate price control measures on the domestic oil producers and refiners. (Perry, 2001) After the recessions of 1974-75 and the Iran-Iraq war of 1980 the high the OPEC prices shocked the world. OPEC raised its price to $30 a barrel exceeding to $35 a barrel. The imposition of greatly high taxes on petroleum products caused high inflation. Ultimately, it will increase the already rocketing food prices. This was the time when more intense monetary policy was in demand. During the 1979-1980 recession, the increase in production was needed to stabilize the market. Saudi Arabia was the first to raise it production up to 8. 6 million barrels a day in 1979 to 10. million barrel in 1980 and 1981. In 1983 and 1985 Saudi again acted and applied a production cut to 5. 0 million barrel and 3. 6 million barrel respectively. Though this worked but during the Arab war OPEC proves its ability to stabilize prizes by raising production to 5. 5 million per barrel, of which Saudi share was 3. 1 million. (Perry, 2001) Today, most of the economic forecasts suggest that the terrorist attacks if not controlled will lead to another economic recession. As terror is attacks will affect and reduce consumer and business spending. Today the major problem is not the rocketing oil prices but the security of oil reserves. Most of which are will the politically troubled and unstable region of the OAPEC and the OPEC. Today, the most important fear of all oil consuming country is to save the oil reserves from going in the hands of extremists. As bin Ladin has claimed to charge $144 a barrel after conquering the reserves of oil. (Perry, 2001) In the case of reducing the oil supply it will badly affect the economy of the US and the world. The good thing is that if new oil crises arise it will result in the demand for the reduction in foreign oil production. Notwithstanding, reality will never change that it is impossible to reduce dependence on foreign oil products. Today, the 40% of the US energy demand is fulfilled by the petroleum. The domestic oil reserves of the US have already diminished therefore it will definitely have to import foreign oil to fulfill its needs. Under the todayââ¬â¢s scenario, the US consumption of oil will only partially change that also bringing a decline to its industrial economies. (Perry, 2001) The oil price crises emanates from the higher prices produced from the Middle East even if it is not involved in it. The individual nation producer cannot set their own prices they do have to fallow the prices set by the international market. Otherwise, the world will face great inefficiencies and it would become to fulfill the worldly oil need. Economy will be greatly exposed to the effects of the reduced oil. (Perry, 2001) Economizing oil prices are more helpful in the long run to changing capital stock and usage of less energy but in the short run there are scarcely efficient methods to reduce the effect of high prices it is for this reason that the demand of oil in the short run is more elastic. This means that 1% cut in the short run will cause 20% of the increase in prices. The magnitude of the impacts oil price rise in the short run depends upon the monetary policies and inflation. This shows that high prices will lead to high inflation and this will greatly affect the economy as the price of oil supply will be transferred to oil producers rather than oil suppliers. However, it is also clear that these years economy has seen less inflation as compared to the past. (Perry, 2001)
Saturday, September 14, 2019
Ethical Consideration Project
The health care delivery system is constantly changing it will continue to impact the kinds of services that are provided by religiously affiliated institutions. The pursuit of increased health care coverage and access at decreased cost will undoubtedly result in market and legal pressure on Catholic sponsored hospitals that provide health care, because it would contravene their ethical, moral, and religious principles. Currently, the law does not compel religious institutions to provide care that does not comport with their beliefs this is a means that has to stop especially concerning the well-being of the patient. This continual evolution of ethical, moral, and religious health care delivery, however, threatens to diminish, if not completely shut down the ability of these sectarian hospitals to maintain control over the kinds of medical care that they provide. Specifically, in this era pervasive federal and state regulations of health care delivery will put pressure on religious providers to give care even if it is against their philosophical foundation or they will risk the chance of going out of business because of the lack of government funding like Medicare and Medicaid. The states pursuit of reform and the provisional requirement of health care services are now increasing even more, hospitals are now more reliant on government funding so there is a tension between Catholic hospital and government to give patients the proper care that is needed which is not based on moral beliefs. Because Catholic hospitals frequently cite religious, and moral beliefs as the bases for rejecting patient demands for abortion, and in this case the morning after pill as discussed in the Brownfield case this looming conflict between religious freedom and patient access for care will continue to grow. This growing conflict has brought difficulty to the legal, social, and to the policy makers who must attempt to resolve this issue. In the Brownfield case the morning-after pill prevents fertilization or inhibits implantation of the fertilized egg. A rape victim should have the necessary treatment available or get referred to another hospital and in an event that they are not given the proper treatment they should have a viable claim for medical malpractice. I agree with the decision that was made by the judge and here is my reasoning. If the morning after pill is given to a rape victim it stops the attachment of a fetus which was conceived under a vicious crime which would not be considered an abortion since the morning after pill has prevented the attachment. I think that it is a patientââ¬â¢s right to control their own health care and that this should prevail over any hospitals moral and religious convictions, because we as patients need to know what is available and the best treatment out there to insure our well-being.
Friday, September 13, 2019
American Slave Essay Example | Topics and Well Written Essays - 2000 words
American Slave - Essay Example Most slave owners had one great fear that of slaves learning how to write and read. The owners knew that the less the slaves knew the better they would be. Having the potential to write and read meant that, slaves would realize that they are equal to their masters. This would lead to them questioning slave owners about their treatment towards their fellow men. Douglas started reading and writing. As he kept on reading more it became easy to look at things extraordinarily differently. His attitude changed altogether. He started seeing things, not as a slave but a citizen. As a result of his gain in knowledge, he started to envy illiterate slaves, who did not understand the horrible living conditions. Therefore, he could not at all bear the thought of being captive as a slave (Fredrick 33). Any slave who got noticed by his master to be a quick learner or trying to read and write, he or she would be stopped and discouraged from learning. This is because slave owners never wanted their slaves to become aware of the news about slavery. Slave owners never wanted their slaves to know anything related to being free or freedom. In spite of the harsh rules against a teaching of slaves, they always found a way to gain knowledge of how to read or write. All this happened by Douglas holding classes on Sundays where slaves from other farms and plantation who sneaked and risked their lives, came over to learn (Fredrick 34). At the time, when Douglas is extremely young, he witnesses a slave getting whipped for the first time.
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