Toward the Modern Consciousness

Application of Darning's principle of organic evolution= social Darwinism most popular exponent of social Darwinism, Herbert Spencer, argued that societies were organisms that evolved through time from a struggle with their environment Darning's ideas applied to human society in an even more radical way by rabid nationalists and racists extreme nationalists argued that nations were in a â€Å"struggle for existence† German general Frederica von Bernhard argued: War is a biological necessity of the first importance, â€Å"War is the father of all things† Nationalist Association of Italy declared â€Å"we must teach Italy the value of international struggle. But international struggle is war? Well, then, let there be war! And nationalism will arouse the will for a strengthened More dangerous than in Germany Folk ( nation, people, or race) German foolish ideology, Houston Stewart Charmingly, became a German citizen.His book The Foundations of the Nineteenth Century, were the only pure successors of the â€Å"Aryans† who were portrayed as the true and original creators of Western culture Aryan race, under German leadership, must be prepared to fight for Western Civilization and save it from the destructive assaults of such lower races such as Jews, Negroes, and Orientals Jews singled out by German foolish nationalists as the racial enemy The Attack on Christianity and the Response of the Churches Industrialization and arbitration had an especially adverse effect on religious institutions Mass migration= change from the close- knit, traditional ties of the village in which the church had been a key force to new urban patterns of social life from which the churches were often excluded. Lattice movements also hostile to the established Christian churches predominantly Catholic countries imposed control over church courts, religious orders, and appointments of the clergy failure of evolutions, governments were eager to use the churches' aid in ree stablishing order close union of state authorities with established churches produced a backlash in the form of anticlericalism, especially in the liberal nation-states French republican government substituted civic training for religious instruction Toto undermine the Catholic church's control of education Catholic teaching orders were outlawed, church and state were completely separated Science became one of the chief threats to all the Christian churches Europeans seem to contradict the doctrine of divine reaction, seeking to suppress Darning's books & to forbid the teaching of the evolutionary hypothesis, the churches often caused even more educated people to reject established religions biblical scholars to apply critical principles to the Bible, leading to the so- called higher criticism Ernst Reran, French Catholic, Life of Jesus- questioned the historical accuracy of the Bible, Jesus not as the son of God but as a human being whose value lay in the example he provided by his life Christian churches rejection of modern ideas and forces Protestant fundamentalist sects maintain a literal interpretation of the Bible Pope Pips ‘X, also took a rigid stand against modern ideas, issued a papal encyclical called the Syllabus of Errors in which he stated that is â€Å"an error to believe that the Roman Pontiff can and ought to reconcile himself to and agree with progress, liberalism, and modern civilization† He condemned nationalism, socialism, religious toleration, and freedom of speech and press Religious movement called Modernism included an attempt by the churches the reinterpret Christianity in the light of new developments.Bible as a book of useful moral ideas, encouraged Christians to come involved in social reforms, churches must provide a greater sense of community Catholic church condemned Modernism & had driven it underground compromise Leo XIII, permitted the teaching of evolution as a hypothesis in Catholic schools encyclical De Rerun N ouveau, upheld the individual's right to private property but at the same time criticized â€Å"naked† capitalism for the poverty and degradation in which anti-religious foundations Salvation Army by William Booth, the army's first â€Å"general† Salvation Army established food centers, shelters, and â€Å"rescue homes† for women The Culture of Modernity revolution in physics and psychology was paralleled by a revolution in literature and the arts Naturalism and Symbolism in Literature literature was dominated by Naturalism material world as real and felt that literature should be realistic social problems, writers could contribute to an objective understanding of the world Naturalism was a continuation of Realism, it lacked the underlying note of liberal optimism about people and society Naturalists were pessimistic about Rupee's future and characters caught in the grip of forces beyond their control Emilee Kola provide a good example of NaturalismKola showed h ow alcoholism and different environments affected people's lives Darning's Origin of Species and had been impressed by its emphasis on the struggle for survival and the importance of environment and heredity His Oregon- McCarty, a 20- Volume series on the â€Å"natural and social history of a family† golden age for Russian literature Leo Tolstoy and Food Dostoevsky Tolstoy greatest work was War and Peace, lengthy novel played out against the historical background of Napoleon's invasion of Russia, realistic in its vivid description of military life and character portrayal, each person analyzed psychologically, face of fife's enduring values of human love and trust Dostoevsky combined narrative skill and acute psychological and moral observation, major problem of his age was a loss of spiritual belief, attempting to gain salvation through the construction of a materialistic paradise built only by human reason and will. Feared that the failure to incorporate spirit would result in total tyranny. Through suffering and faith could the human soul be purified, Crime and Punishment and The Brothers Karamazov. Symbolists reacted against Realism interested in writing poetry, believed that an objective knowledge of the world was impossible the external world was not real but only a collection of symbols that reflected the true reality of the individual human mind Art should function for its own sake, instead of serving, criticizing, or seeking to understand society W. B.Yeats and Rainier Maria Rile, poetry ceased to be part of popular culture because only through a knowledge of the poet's personal language could one hope to understand what the poem was saying Modernism in the Arts artists seeking new form of expression Impressionism, movement that originated in France when a group of artists rejected he studios and museums and went out into the countryside to paint nature directly Camille Pissarro, one of the founders, put into painting their impressions of the ch anging effects of light on objects in nature Claude Monet, enchanted with water , capture the interplay of light, water, and atmosphere, ESPECIALLY evident in Impression, Sunrise. Did not Just paint scenes from nature: streets, cabarets, rivers, and busy boulevards- wherever people congregated for work and leisure Berth Morison, practice of women beings only amateur artists and became a professional omen had special vision, â€Å"more delicate than that of of men†.Young Girl by the Window demonstrates flowing brush strokes. â€Å"l know I'm worth as much as they. † Post- Impressionism arose in France retained the Impressionist emphasis on light and color but revolutionized it even further by paying more attention to structure and form sought to use both color and line to express inner feelings and produce a personal statement of reality rather than an imitation of objects real beginnings of modern art sense of realism Paul C ©Zane, most important impressionist, Woman with Coffee Pot, sought to express visually the underlying geometric structure and form of everything he painted. â€Å"You must see in nature the cylinder, the sphere, and the cone. Tortured and tragic figure, Vincent Van Gogh, art was a spiritual experience interested in color and believed it could act as its own form of language artists should paint what they feel, evident in Starry Night task of art was to represent â€Å"reality† had lost much of its meaning psychology and the new physics made it evident that many people were not sure what constituted reality development of photography gave artists another season to reject visual realism photography became a popular and widespread after George Eastman produced the first Kodak camera for the mass market Unlike the camera, which could only mirror reality, artists could create reality As in literature, individual consciousness became the source of meaning the search for individual expression produced a wide variety of sch ools of painting Pablo Picasso, from Spain but settled in Paris, extremely flexible and painted in a remarkable variety of styles He developed Cubism that used geometric designs as visual stimuli to re- create laity in the viewer's mind Picasso work Less Demolishes d' Avignon= first Cubist painting Russian who worked in Germany, Wassail Sandbanks, one of the founders of abstract painting as is evident in Painting with White Border, sought to avoid representation altogether.Believed art should speak directly to the soul, avoid any visual reality and concentrate on color Modernism in music Romantics' attraction to exotic and primitive cultures had sparked attraction to exotic and primitive cultures folk music became increasingly important as musicians express their national identities Scandinavian composer, Advanced Grief, dedicated porter of Norwegian nationalism, expressed nationalism in lyric melodies found in folk music of his homeland, Peer Gent Suite= incidental music to a play by Henries Ibsen Impressionist music stressed elusive moods and haunting sensations and is distinct in its delicate beauty and elegance of sound linked to the Impressionist movement was Claude Debussy, Prelude to the Afternoon of a Faun= inspired by a poem â€Å"Afternoon of a Faun† composed by his friend/poet SST ©phone Mallard ©, recreated in sound the overall feeling of the poem Other composers adopted stylistic idioms, primitive forms in an attempt to express less refined and therefore more genuine feelings musical primitivism was Igor Stravinsky, 20th century's most important composer international fame as a ballet composer with the Ballet Reuse, under the direction of Sergei Dishevel, revolutionized the world of music with a series of ballets The Fired, Puppeteers, The Rite of Spring= all based on Russian folk tales The Rite of Spring proved to be a revolutionary piece in the development of Paris audience and caused a riot at the theater new understanding of irratio nal forces

A Walking Holiday in Costa Rica by Mary Novakovich Essay

You’d have to have been living on another planet for the past half-decade not to have clocked the rise and rise of the Red City, Marrakesh. While five-star resorts have proliferated right up to the walls of the 1,000-year-old medina, inside them, along its chiaroscuro labyrinth of alleys and lanes, chic and unique riads have upturned and elevated paradigms of Moroccan design and service. Urbane and luxurious, Marrakesh now feels like a place where there’s nothing—or close to nothing—you can’t have. Which is why the places to look for the real Morocco often lie far from the burnished suites and buzzing restaurants of this city on the plain. Striking out for the farther reaches of the country is rewarded with unique takes on traditional hospitality, both new and timeless. They can be found deep in the southernmost region, where ungenerous stone begins to surrender to the saffron-gold sands of the Sahara; or high among the towering Atlas, where Berber culture has its oldest and still strongest roots, and brilliant colors and tribal traditions flourish amid sometimes indescribably severe natural beauty; or along Morocco’s coast, whose whitewashed, fortified villages reflect both European colonial history and Islamic mystery. Far below the historic Berber stronghold of Zagora, in the Drà ¢a valley, where only the faintest tire-tread marks indicate your path, my guide and I speed in our Toyota 4Runner past a scene of cinematic emptiness, shaded in the non-tones of the desert. After an hour’s drive from the town of M’hamid, we reach, of all things, a schoolhouse, set on a small rise; here, a 4 x 4 awaits to shepherd me to Erg Chigaga Luxury Camp. The brainchild of a transplanted English hotel executive, Nick Garsten, and a Berber desert guide named Moustafa Boufrifri, known to all as Bobo, the camp lies in the Erg Chigaga dunes, which climb to heights of 1,000 feet. The eight traditional caidal tents are connected by twin pavilions with ornate blackwork on their exteriors; inside, the walls are striped in bold red and cream, and thick pile rugs line the ground. Bathrooms have hand-worked metal  vanities and hot- and cold-water buckets on teak platforms for hammam-style bathing (which uses o nly about one-tenth of the water required by a conventional shower—a crucial concession here, where it is the most precious commodity). Crimson wool runners crisscross the camp, from tent to tent and from dining to leisure pavilions; at night they’re banked with lines of glowing lanterns. Flanking one edge of the main area is a row of palm trunks, between which are suspended several hammocks—what Bobo charmingly refers to as Erg Chigaga’s â€Å"chill-out zone.† Bobo himself—supremely competent and drily funny in five languages—lopes about in his cobalt-blue turban and djellaba, pouring shots of â€Å"Berber whiskey,† the ubiquitous and wickedly strong mint-tea blend. Two newer and more private tents, set about a 15-minute walk from the main camp, make excellent honeymoon destinations. The energy of Erg Chigaga seems prevailingly friendly and informal—a place to leaven the intrigue and high romance quotient of a desert bivouac with doses of extreme-ish activities (sand-boarding to the south; late-afternoon camel treks) and easy camaraderie around the fire after s unset. About 20 miles from Erg Chigaga, in the taller dunes at the edge of the ancient Iriki lake bed, is an encampment conceived for those who seek desert romance of the writ-large, Lawrence of Arabiavariety—and are willing to pay top dollar for it. The Camp of Dar Ahlam is a one-night experience as part of a longer stay at the elegant guesthouse of the same name in Skoura, some 200 miles to the northwest. First set up in 2007 as a single tent, it has expanded over the years, and can now accommodate as many as 30 people, but is still meant for only one group at a time. During my stay I am looked after by Ahmed, the camp manager, and a small staff. The camp reprises the narrative theme for which its namesake hotel (â€Å"house of dreams,† in Arabic) is known: my stay unspools in a series of mise-en-scà ¨nes straight from a Thesiger passage—or a Ridley Scott epic. My tent is of the simplest white canvas, lined in sisal and furnished with a low wooden bed and an embossed-brass table surrounded by kilim-covered cushions. At dusk, I sat ensconced in a Roorkhee chair in front of it, enjoying an aperitif (served on estate silver), surrounded by towering mounds of the Sahara, their summits shaped to paper’s-edge fineness by the wind. I had no inkling of the production happening one dune away, until Ahmed came to collect me for dinner; a trek over its crest revealed a tent surrounded by lanterns and, inside, lambent with the glow of multiple  candelabras. A table was set opulently enough to please a cherifa. I was served a tangia, a meat stew prepared in a terra-cotta urn and slow-cooked overnight in a wood-fired oven.

Data Case

Group Project Berk DeMarzo Data Case chapter 10 1. Collect price information for each stock from Yahoo! Finance Professor has provided it for us. The specific data of question 2-4 is in the appendix. We only include the functions and simple answers below every question. 2. Return=(P2-P1)/P1 3. mean monthly returns, standard deviations for the monthly returns and annual statistics Ticker| AAPL| ADM| BA| C| CAT| DE| HSY| MOT| PG| SIRI| WMT| YHOO| Mean| 8. 39%| 3. 70%| 2. 68%| -0. 26%| 2. 87%| 3. 40%| 0. 43%| 0. 48%| 1. 25%| 3. 34%| 0. 69%| 2. 22%| SD| 0. 1584| 0. 1050| 0. 0697| 0. 0709| 0. 0742| 0. 0867| 0. 0491| 0. 934| 0. 0455| 0. 1963| 0. 0477| 0. 1299| Annual Mean| 1. 0068| 0. 4444| 0. 3215| -0. 0315| 0. 3444| 0. 4077| 0. 0519| 0. 0576| 0. 1505| 0. 4010| 0. 0827| 0. 2660| Annual SD| 0. 5489| 0. 3638| 0. 2414| 0. 2457| 0. 2569| 0. 3002| 0. 1702| 0. 3236| 0. 1577| 0. 6800| 0. 1654| 0. 4499| 4. Monthly return to an equally weighted portfolio of these 12 stocks. The mean and standard d eviation of monthly returns for the equally weighted portfolio. | Mean| Mean| 0. 0389| Standard Deviation| 0. 0925| Annual Mean| 0. 4671| Annual SD| 0. 3204| 5. Standard deviation (volatility) on the x-axis and average return on the y-axis Solution: 6.What do you notice about the volatilities of the individual stocks, compared to the volatility of the equally weighted portfolio? Solution: The volatilities of the individual stocks are mostly bigger than the volatility of the equally weighted portfolio that implies the portfolio tends to have more stability and less risk than the individual stocks themselves. Appendix Date| AAPL return| ADM return| BA return| C return| CAT return| DE return| HSY return| MOT return| PG return| SIRI return| WMT return| YHOO return| Mean| Apr-03| 26. 30| 8. 63| 13. 06| 5. 02| -0. 88| -0. 82| 9. 48| 7. 79| 2. 19| 116. 22| -6. 57| 20. 42| 16. 4| May-03| 6. 12| 7. 49| 11. 92| 4. 35| 6. 74| 5. 17| -2. 03| 11. 19| -2. 87| 5. 62| 2. 17| 9. 58| 5. 45| Jun-03| 1 0. 60| 2. 06| -3. 50| 5. 47| 21. 96| 11. 07| 4. 52| -4. 20| -0. 96| 5. 33| 4. 17| -4. 83| 4. 31| Jul-03| 7. 31| 6. 07| 13. 45| -3. 23| 6. 45| 11. 29| -3. 46| 18. 75| -0. 65| -5. 62| 5. 85| 7. 26| 5. 29| Aug-03| -8. 40| -5. 48| -8. 18| 4. 98| -4. 16| -5. 25| 3. 98| 11. 76| 6. 32| 8. 33| -5. 62| 5. 99| 0. 36| Sep-03| 10. 42| 9. 41| 12. 12| 4. 94| 6. 96| 13. 69| 6. 09| 13. 23| 6. 42| 29. 12| 5. 71| 23. 52| 11. 80| Oct-03| -8. 65| 0. 00| 0. 18| -0. 78| 3. 77| 1. 00| 1. 29| 3. 81| -2. 10| -11. 49| -5. 61| -1. 60| -1. 8| Nov-03| 2. 30| 6. 53| 9. 79| 3. 21| 9. 18| 6. 62| -0. 92| 0. 00| 3. 78| 51. 92| -4. 49| 4. 70| 7. 72| Dec-03| 5. 52| 2. 88| -0. 94| 2. 76| -5. 46| -3. 77| -1. 92| 18. 41| 1. 67| -14. 56| 1. 50| 4. 35| 0. 87| Jan-04| 6. 03| 10. 37| 4. 28| 1. 59| -3. 05| 2. 60| 10. 30| 11. 30| 1. 42| 8. 89| 10. 60| -5. 62| 4. 89| Feb-04| 13. 04| -1. 97| -5. 30| 2. 86| 4. 39| 8. 37| -0. 06| -4. 40| 2. 31| 15. 65| 0. 44| 9. 34| 3. 72| Mar-04| -4. 66| 4. 08| 3. 95| -6. 20| -1. 25| -1. 83| 7. 2 9| 3. 72| 1. 35| -2. 94| -4. 50| 4. 21| 0. 27| Apr-04| 8. 84| -4. 85| 7. 79| -3. 45| -3. 05| -3. 46| 0. 26| 8. 28| 1. 93| -9. 09| -2. 01| 21. 38| 1. 8| May-04| 15. 97| 0. 92| 11. 54| 0. 13| 5. 42| 7. 21| 4. 30| -7. 47| 0. 97| 2. 67| -5. 78| 18. 72| 4. 55| Jun-04| -0. 61| -8. 04| -0. 66| -4. 30| -7. 01| -10. 44| 4. 69| -12. 76| -3. 75| -18. 51| 0. 95| -15. 38| -6. 32| Jul-04| 6. 68| 3. 95| 3. 32| 5. 64| -1. 08| 0. 70| 0. 14| 1. 42| 7. 31| -7. 57| -0. 39| -7. 44| 1. 06| Aug-04| 12. 35| 6. 37| -1. 16| -5. 29| 10. 65| 2. 52| -3. 25| 11. 99| -3. 31| 37. 93| 0. 99| 18. 94| 7. 39| Sep-04| 35. 19| 14. 02| -3. 33| 1. 51| 0. 62| -7. 41| 8. 50| -4. 34| -4. 98| 21. 88| 1. 37| 6. 72| 5. 81| Oct-04| 27. 98| 9. 89| 7. 77| 0. 86| 13. 69| 19. 98| 2. 63| 11. 61| 4. 50| 70. 00| -3. 46| 3. 5| 14. 12| Nov-04| -3. 97| 5. 24| -3. 35| 7. 65| 6. 51| 4. 12| 7. 24| -0. 06| 2. 98| 14. 93| 1. 71| 0. 16| 3. 60| Dec-04| 19. 41| 8. 46| -2. 28| 1. 81| -8. 22| -6. 67| 5. 30| -8. 50| -2. 92| -13. 12| -0. 78| -6. 56| -1. 17| Jan-05| 16. 67| -0. 09| 9. 15| -1. 85| 6. 66| 2. 40| 8. 10| -0. 47| -0. 27| -15. 86| -1. 51| -8. 35| 1. 22| Feb-05| -7. 11| 2. 01| 6. 35| -5. 82| -3. 79| -5. 16| -4. 03| -4. 19| -0. 17| 0. 90| -2. 62| 5. 05| -1. 55| Mar-05| -13. 46| -26. 80| 1. 82| 5. 49| -3. 27| -6. 84| 5. 69| 2. 47| 2. 70| -15. 30| -5. 93| 1. 77| -4. 31| Apr-05| 10. 26| 10. 81| 7. 80| 0. 30| 6. 89| 5. 77| 0. 81| 13. 29| 1. 85| 26. 26| 0. 0| 7. 83| 7. 70| May-05| -7. 42| 7. 71| 3. 28| -1. 85| 1. 28| -0. 53| -3. 28| 5. 35| -4. 36| 7. 82| 2. 05| -6. 85| 0. 27| Jun-05| 15. 87| 7. 31| 0. 02| -4. 98| 13. 64| 12. 29| 2. 84| 15. 98| 6. 01| 5. 25| 2. 39| -3. 78| 6. 07| Jul-05| 9. 94| -1. 49| 1. 91| 0. 62| 2. 93| -11. 09| -7. 10| 3. 28| -0. 26| 0. 88| -8. 62| -0. 06| -0. 76| Aug-05| 14. 33| 9. 56| 1. 39| 4. 01| 5. 88| -5. 92| -4. 72| 0. 87| 7. 16| -4. 94| -2. 53| 1. 56| 2. 22| Sep-05| 7. 42| -1. 17| -4. 87| 0. 56| -10. 09| -0. 85| 0. 94| 0. 57| -5. 36| -4. 74| 7. 96| 9. 25| -0. 03| Oct-05| 17. 76| -2. 93| 5. 88| 7. 09| 9. 87| 14. 30| -4. 16| 8. 74| 2. 14| 14. 77| 2. 5| 8. 82| 7. 08| Nov-05| 6. 00| 4. 59| 3. 02| -0. 05| -0. 02| -1. 25| 1. 89| -6. 07| 1. 21| -6. 29| -3. 34| -2. 61| -0. 24| Dec-05| 5. 04| 27. 73| -2. 76| -4. 01| 18. 01| 5. 37| -7. 33| 0. 51| 2. 82| -15. 37| -1. 46| -12. 25| 1. 36| Jan-06| -9. 30| 1. 05| 6. 86| 0. 62| 7. 63| 6. 30| 0. 37| -5. 74| 1. 18| -9. 88| -1. 65| -6. 75| -0. 78| Feb-06| -8. 42| 6. 07| 7. 22| 1. 84| -1. 74| 4. 15| 2. 11| 7. 26| -3. 84| -0. 78| 4. 55| 0. 62| 1. 59| Mar-06| 12. 23| 7. 99| 7. 08| 6. 85| 5. 80| 11. 05| 2. 13| -6. 82| 1. 58| -7. 69| -4. 69| 1. 61| 3. 09| Apr-06| -15. 09| 14. 65| 0. 10| -1. 29| -3. 68| -2. 49| 7. 16| -1. 23| -6. 81| -3. 85| 7. 8| -3. 63| -0. 68| May-06| -4. 18| -0. 69| -1. 62| -2. 13| 2. 10| -1. 98| -3. 22| -4. 22| 2. 49| 5. 56| -0. 57| 4. 46| -0. 33| Jun-06| 18. 67| 6. 57| -5. 48| 0. 12| -4. 44| -13. 09| -0. 18| 12. 97| 1. 65| -11. 58| -7. 63| -17. 76| -1. 68| Jul-06| -0. 16| -6. 19| -2. 88| 3. 20| -6. 37| 7. 63| -1. 35| 2. 71| 10 . 14| -2. 86| 0. 88| 6. 23| 0. 92| Aug-06| 13. 46| -7. 98| 5. 28| 0. 63| -0. 83| 7. 94| -0. 94| 7. 16| 0. 14| -3. 92| 10. 29| -12. 31| 1. 58| Sep-06| 5. 33| 1. 61| 1. 28| 0. 99| -7. 33| 1. 47| -1. 03| -7. 76| 2. 78| -2. 30| -0. 09| 4. 19| -0. 07| Oct-06| 13. 05| -8. 57| 11. 25| -0. 16| 2. 18| 12. 75| 0. 64| -3. 85| -0. 5| 11. 23| -6. 46| 2. 54| 2. 80| Nov-06| -7. 44| -8. 95| 0. 35| 12. 31| -1. 14| -0. 51| -5. 99| -7. 06| 2. 37| -16. 90| 0. 55| -5. 44| -3. 15| Dec-06| 1. 05| 0. 13| 0. 80| -1. 01| 5. 00| 5. 48| 2. 48| -3. 44| 1. 41| 4. 24| 3. 26| 10. 85| 2. 52| Jan-07| -1. 31| 7. 68| -2. 19| -7. 72| 0. 56| 7. 98| 4. 18| -6. 71| -2. 13| -1. 08| 1. 30| 9. 01| 0. 80| Feb-07| 9. 81| 6. 86| 1. 90| 1. 91| 4. 03| 0. 74| 3. 31| -4. 33| -0. 51| -12. 33| -2. 36| 1. 39| 0. 87| Mar-07| 7. 42| 5. 45| 4. 61| 4. 44| 8. 82| 0. 70| 0. 56| -1. 94| 2. 51| -7. 50| 2. 08| -10. 39| 1. 40| Apr-07| 21. 43| -9. 17| 8. 56| 2. 66| 8. 21| 10. 13| -3. 61| 4. 97| -1. 1| -1. 01| -0. 22| 2. 35| 3. 58| May-07| 0. 70| -5. 57| -4. 41| -5. 87| -0. 36| 0. 58| -3. 95| -2. 40| -3. 71| 3. 07| 1. 08| -5. 47| -2. 19| Jun-07| 7. 96| 1. 55| 7. 56| -9. 22| 1. 06| -0. 26| -8. 94| -4. 04| 1. 66| -0. 33| -4. 49| -14. 30| -1. 82| Jul-07| 5. 10| 0. 65| -6. 19| 1. 84| -3. 84| 12. 99| 1. 53| -0. 24| 5. 58| -1. 33| -4. 57| -2. 24| 0. 77| Aug-07| 10. 82| -1. 85| 8. 57| -0. 43| 3. 51| 9. 47| -0. 19| 9. 65| 7. 70| 17. 51| 0. 05| 18. 08| 6. 91| Sep-07| 23. 77| 8. 18| -6. 10| -10. 22| -4. 42| 4. 36| -7. 12| 1. 39| -0. 68| -3. 72| 3. 57| 15. 87| 2. 07| Oct-07| -4. 07| 1. 89| -5. 80| -19. 49| -3. 63| 10. 91| -6. 1| -15. 00| 6. 44| 13. 99| 5. 95| -13. 79| -2. 44| Nov-07| 8. 70| 27. 73| -5. 48| -11. 59| 0. 91| 8. 70| -1. 28| 0. 78| -0. 77| -20. 89| -0. 33| -13. 24| -0. 56| Dec-07| -31. 66| -5. 27| -4. 90| -3. 20| -1. 61| -5. 97| -8. 19| -28. 29| -10. 46| 5. 61| 6. 75| -17. 54| -8. 73| Jan-08| -7. 64| 2. 85| 0. 03| -15. 85| 1. 89| -2. 69| 3. 34| -13. 33| 1. 17| -11. 25| -2. 26| 44. 84| 0. 09| Feb-08| 14. 78| -8. 73| -10. 17 | -9. 66| 8. 24| -5. 30| 1. 60| -6. 30| 5. 87| 0. 70| 6. 74| 4. 14| 0. 16| Mar-08| 21. 22| 7. 06| 14. 10| 17. 97| 5. 06| 4. 51| -0. 79| 7. 16| -3. 76| -10. 14| 10. 06| -5. 25| 5. 60| Apr-08| | | | | | | | | | | | | |Mean| 6. 16| 2. 80| 2. 23| -0. 22| 2. 26| 2. 65| 0. 50| 1. 05| 0. 91| 3. 86| 0. 26| 1. 94| 0. 0203 | Standard Deviation| 0. 118500359| 0. 084954962| 0. 061336785| 0. 061929002| 0. 064312603| 0. 070978888| 0. 046175086| 0. 088335566| 0. 038977677| 0. 220687247| 0. 045999568| 0. 114508009| 0. 0437 | Annual Mean| 0. 7386| 0. 33654| 0. 26758| -0. 02684| 0. 27156| 0. 31746| 0. 05988| 0. 12642| 0. 10964| 0. 46308| 0. 03112| 0. 23252| 0. 2440 | Annual SD| 0. 410497285| 0. 294292621| 0. 212476856| 0. 214528357| 0. 222785393| 0. 24587808| 0. 159955189| 0. 306003375| 0. 135022634| 0. 764483048| 0. 159347179| 0. 39666738| 0. 1514 |

Scioally desirable merits goods Coursework Example | Topics and Well Written Essays - 1250 words

Scioally desirable merits goods - Coursework Example Discussion Merits goods are some of the products that are considered socially beneficial and in most cases, they tend to be under produced or consumed via the mechanism of the market; for instance, education, garbage collection, welfare services, and healthcare. These are the products and services, which the government of United Kingdom believes that citizens will under-consume, and goods that government ought to subsidize, provide free consumption or use to ensure that their consumption is not mainly dependent on the capacity to pay for them. Demerit goods are dangerous to the society and they include goods like illegal drugs such as alcohol, cigarettes, and other hard drugs, (Fiorito and Kollintzas, 2002, p.56). In demerits goods case, the market failure is prevalent as these products are over-consumed and are allowed to free market. Therefore, the government of United Kingdom should intervene and control overconsumption of demerit goods. For example, in drug cases, the government imposes increased regulations and taxes over their consumption. This implies increased prices to discourage people from consumption of such drugs. Since a number of demerit goods are damaging – socially undesirable – the government of United Kingdom imposes complete restrictions, which have been effective in avoiding their trade as well as consumption. Compared to public good, merit goods are offered via the market, however, not in adequate quantities to increased social welfare, therefore, the government and private sectors can provide both merit goods like education. Economists agree that merit goods are products that are essential to people and private sectors can also provide them, though differently. For instance, if merit goods are solely provided through private sectors, then the consumption rate tends to be low and thus the government has to intervene to correct such market challenge – failure. Studies indicate that merit goods such as education can be o ffered by free market but has various limitations if privately provided, (Throsby, 2005, p.78). Some of the challenges are that citizens may not have adequate amount of resources to purchase the merit good – education. Poor people would not afford to attend expensive education institutions, as they believe nothing will happen and if anything happens, they cannot afford to pay. Consequently, this results to inequitable income distribution as only the wealth will be highly literate and therefore, can earn increased income in the future. Therefore, if government provides the merit goods it benefits both the rich and poor people. For instance, equitable education - human capital investment – for all will enhance the growth of economy and general well-being for all. In addition, if private institutions offer education, some people will joint independent or private schools and if the government does not chip in and provide government or public schools, many families and peop le may not afford education either. This is because they may not afford the cost of education in private schools and this would increase the level of under-consumption of the merit goods, (Sherman, 2007, p.23). Consequently, there would be high crime rate and low productivity from majority of illiterate people who could not afford education in private sectors and this cause challenges for the labor market. Therefore, the role of the United Kingdom government in this concern is to regulate the affordability of

Peppermint Candy Midterm Essay Example | Topics and Well Written Essays - 1250 words

Peppermint Candy Midterm - Essay Example The director in the film presents the daily South Korean people in a most effective drama. Similarly, the subject matter of the story is hardly alienating for strangers, although it binds the life of Yong with the contemporary history and society of Korean. The narrative is generated with simple realism to turn an ordinary life of a man into a true and common story. The director possibly captures various emotions in this dynamic character ranging from oppressed soul to ambitious teenagers with visions. Therefore, Yong-ho portrayal in the film is mainly an astute reflection of significant influences that these social alterations have on people who are adamant to subscribe to them and therefore brings such changes with time (Soyoung, 12). The viewers slowly start to sympathize with Yong-ho all through the riveting performance of Sol, seeing his problematic acts all through the movie as an outward extension of disastrous environment. Similarly, as growing visions are ruined and relation ships are broken before audience eyes, the movie relentlessly shows the woeful nature of Yong-ho’s existence and how people can be overcome by powerful time conditions. The difference between the ancient political and social South Korean climate and the Yong-ho’s fate that makes the movie as bittersweet as a candy that title imitates ( Soyoung, 22).. The story reverse shows the past of South Korea – poetically shown via the aspect of the falling train. The peppermint Candy movie is mainly a movie whose story is unique in presentation. Through the story of Yong-ho’s life, the story reveals the reasons as to why Yong-ho decided to commit suicide in the initial stages of the film. As much as the film is seen as the study of a character of an awry man, the director of the film designs it to explore political, social, and economic systems dynamics in South Korean between 1979 and 99 (Soyoung, 34). Therefore, Yong-ho is depicted as a main narrative device that Lee Chang utilizes to analyze the negative effects that these changes have on the entire Korean society – for instance, from 1990s economic downturn to 1980s government dictatorship of the military. The movie expounds on tumultuous events that has tailored the societal landscape of South Korea and the Yong-ho’s life. Peppermint Candy is not an easily digestible film – audience mainly sees the unraveling fragility of a man as opposed to the challenges of most disastrous South Korean events. However, through the constantly changing historical flow, Lee clearly investigates the ramifications that these historical happenings have on Yong-ho and the South Korean world at large. In other words, Peppermint Candy just exploring Yong-ho and South Korea’s most disastrous moments in history as well as emotional effects that emanate for such tragic affairs and experiences (Soyoung, 52). The movie started with a horrific scene about the main character Yong-ho's shooti ng incident in the film which may be linked to a historical demonstration of 1980’s students demonstration that led to break out of the Gwangju massacre (Chang-Dong, â€Å"Peppermint Candy†). This made him very traumatized during this shooting incident. The military intensified its grip on the country as it is mirrored by Yong-ho inability to maintain his innocence

A rhetorical analysis about People Like Us(by David Brooks) Essay

A rhetorical analysis about People Like Us(by David Brooks) - Essay Example This is probably because David Brooks wishes to explain to people about their denial. Throughout this article, David Brooks suggests that people do not accept that they engage in discrimination on a frequent basis (Brooks 1). These people talk about the issue of diversity but they never practice it. For example, the same people who suggest to others that they should appreciate diversity live close to people who resemble them. They live next to people who work in the same places as they do or those who have the same education as they do. David Brooks has a fascinating context for his article because of several reasons. First, David Brooks approaches the issue of diversity from a modernized perspective. He introduces the notion of current neighborhoods in which there can never be diversity. David Brook also admits that he wishes that there would be neighborhoods where people with significant diversity would live together in unity (Brooks 1). David Brooks realizes that he cannot convince his desired audience in an easy manner. He ensures that there are several rhetoric strategies to persuade his desired audience. Brook engages in an intense critic of the existing ideas on diversity. The entire article is a critique of the views, which modern people have on the issues of diversity. For example, Brook blames the nature of all the people who live in the current society. He says that the nature, which these modern people have, encourages them to practice extreme levels of segregation. David Brooks persuades his entire audience that there needs to be less discriminatory cases. This is because Brooks understands the negativity of segregation from his experiences (Brooks 132). David Brooks continues to criticize the ideas on diversity in a strategic manner. In the article "People like Us", Brook mentions some of his personal experiences. The experiences that he mentions in the article clarify certain issues to his audience. For example, readers notice Brooks’

Care of Toddlers Essay Example | Topics and Well Written Essays - 1750 words

Care of Toddlers - Essay Example It accounts for significant morbidity and mortality, especially in those with underlying cardiac or pulmonary disease. The etiologic agent is respiratory syncytial virus (RSV), an RNA virus whose growth appears to be primarily in the respiratory tract epithelium. Other viruses, such as influenza virus, adenovirus, and parainfluenza virus, can produce similar clinical states. Almost all children have been infected by RSV by the age of 3 years. The peak rate of hospitalization occurs at before 6 months of age. Both the diseases affect children below 1 year. In this paper, we have made a study of two toddlers, one affected by acute Epiglottitis and the other by acute Bronchiolitis both under the age of 6, for the similarities in their symptoms, diagnosis, and treatment and care requirements. Epiglottitis is an acute swelling of the glottic structures caused by bacterial infection. It is a true medical emergency and requires rapid, accurate diagnosis and treatment to avoid airway obstruction. Epiglottitis involves infection of the supraglottic structures, usually with Haemophilus influenzae type b (HIB). On rare occasions other pathogens are involved, including Streptococcus pneumoniae, staphylococcus aureus, -hemolytic streptococcus, and H. influenzae type a. Epiglottitis is has virtually disappeared in North America as a result of widespread immunization. The disease may rarely be caused by group A streptococci. Epiglottitis occurs throughout the year but is more common in the winter months. Eighty percent of infected children are younger than 5 years of age, with the peak incidence between 2 and 6 years of age. Since the institution of the HIB vaccine, the incidence appears to be declining, and epiglottitis currently accounts for only 1 to 10 of every 10,000 pediatric admissions. Older children may be affected by supraglottitis that is more indolent and is caused by group A streptococcus. There may be genetic and immunogenic factors which predispose individuals to invasive HIB disease. On the other hand, Bronchiolitis is an inflammation of the small airways that results in expiratory obstruction and wheezing. The term "bronchiolitis" is usually applied to an illness of young infants and children, characterized by respiratory distress and hypoxemia. Older children may also have wheezing with viral infections. Bronchiolitis is typically caused by respiratory syncytial virus (RSV). Other agents that have been associated with bronchiolitis include adenoviruses, parainfluenza viruses, rhinoviruses, and Mycoplasma pneumoniae. Transmission occurs primarily by direct contact with infected secretions. Viral shedding typically lasts 6 to 10 days. Attack rates among family members are 45 per cent, and transmission in daycare centers approaches 100 per cent among infants previously uninfected. Symptoms In the case of the toddler with acute epiglottitis, the symptoms might include acute illness with high temperature (often 39.5C+) and associated toxic state for less than 2 days, acute onset of severe inspiratory and expiratory stridor which is rapidly progressive. The child appears anxious, still, swallowing is painful and so there often is drooling of saliva. The child with epiglottitis presents with an abrupt onset of fever, sore

The Relationship between Generation Y Work Value with Job Satisfaction Research Paper

The Relationship between Generation Y Work Value with Job Satisfaction and Work Stress at Hong Kong - Research Paper Example The main purpose of conducting this research project is to study the relationship between generation y‘s work value with job satisfaction and work stress at Hong Kong. There are some work values in this report have covered to study with and examine those work value will influence job satisfaction level and work stress level of generation Y or not. Some variables moderators like age, marital status and number of kids might moderate the relationship between the factors. The proposed mechanism based on previous empirical researchers and six hypotheses had been set up. Those hypotheses will be tested by Pearson Correlation in a convenient sample of generation Y who is taking a full-time job in Hong Kong at the moment. (N = 72, Male = 50, Female = 22). The result showed that good salary, job interest, prestige and variety diversion of work had the strongest relationship with the work value of generation Y. The job satisfaction can rise significantly and work stress can reduce when t he work value match with generation Y’s expectation. Furthermore, the study finds out there is the negative relationship between work stress and job performance. Heavier work stress will bring a negative effect to generation Y and bring down their job performance. From the test conducted, found that age is a greatest moderating effect on the relationship job satisfaction level and work stress level of generation Y. Also, marital status and number of kids give different moderating effect to generation Y on the job value, job satisfaction, and work stress. For further study of a similar topic on generation Y in Hong Kong, it is suggested that personality, work overtime, a part-time study can be the focus on and the result or findings should be taken into account of. Generation Y is a dynamic workforce that holds specific expectations with regards to work factors, to understand generation Y’swork value is important to the employer when they make recruitment to the new com er to their company. Around 14% of total workforce in Hong Kong are generation Y and increasing rapidly. To determine what are the main value or factors to encourage them to work hard, which reason, why they need to work, is important for management level to setup up policy in their company.

Reaction Paper to McFerson's African Women Essay

Reaction Paper to McFerson's African Women - Essay Example These women are the nomad community’s architects. They construct and are the owners of the nomadic houses. The construction of these houses is a form of wedding ritual and is one of the events women perform collectively. In some areas, women in Somalia work collectively to fetch water, collect firewood, make food and take care of the children. Pre-nuptial gifts are from the groom’s family or himself to the girl she wants to marry or bride. In a number of cases, pre-nuptial gifts together with dowry are given by the husband as a fraction of the total wealth for the new household (McFerson 443). The nature of the pre-nuptial gifts depends on the events that occur in the marriage union, for example, if the marriage union collapses without the wife’s fault or if the head of the household dies, the pre-nuptial gift is used to support the wife. Similarly, in Western cultures, there are a number of gifts that bypass amid the groom and bride and their respective relatives during marriage. There are rules that regard the nature of these in the occasion of divorce or death, and they vary with area or time (McFerson 444). The traditional Ashanti society has a high regard for ancestors, ancestor worship and matriliny. They use ancestors as an element of worship. The ancestors are perceived to be superior and powerful to human beings. Additionally, they honor and acknowledge the presence of the ancestors (McFerson 446). The poem presume the dead or ancestors are immortal and appear in the form of wailing children, the firebrands, the grass, dying fire, whimpering rocks, forest, and in the house. This community feels the presence of the ancestors. That is why the poem insists the dead are not dead. The poem highlights matriliny in the form of inheritance. That is why ancestors or the dead are in the form of wailing

BRIDGES OF KEESEVILLE (NEW YORK) Essay Example | Topics and Well Written Essays - 3250 words

BRIDGES OF KEESEVILLE (NEW YORK) - Essay Example Materials for building and construction that in use presently have some long history while certain structures constructed many years in the past are considered remarkable even today. In order for one to gain an understanding of why structures have been constructed in the manner in which were in the old age, it happens to be vital to look into the human activities within the past. Basically, this may be done done by way of recovery as well as analysis of material, culture as well as data of the environment, which has been left behind. There are several trends that mark construction history basically in the part of materials used. At first the materials were perishable, for instance grass hides. There then came more durable natural materials like timber, stone, clay, stone then event rely synthetic materials were introduced, for instance, brick, metallic, concrete as well as plastics. Old constructions that stand firm up to this day represent a great deal of culture and history and are regarded as significant historical sites apart from the services they offer. Keeseville stone arch bridge is a good example of such structures. Despite the significant services offered by the structure, is quite important in the heart of Keeseville region representing the past of the district. The upper bridge has been located within Keeseville village, where there lives a rural community and the village is located at the northeastern area of Adirondack Park. This bridge runs across the Ausable River that gets waters from the high peaks of Adirondack and flows around 5 miles down from Keeseville to lake Champlain. The stretch happens to be particularly beautiful for the river while it happens to be quite popular for recreation as well as fishing. Ausable River happens to be among the Wild as well as Scenic river system of New York State. This river

Barack Obama and US Foreign Policy Assignment Example | Topics and Well Written Essays - 2000 words

Barack Obama and US Foreign Policy - Assignment Example The present paper has identified that the United States foreign policy has deep significance for the lives of Americans and others worldwide in so many ways. Americans may not be aware of the substantial effects that the United States foreign policy has on their daily lives because it is so indirect. The American standard of living, for example, is deeply affected by the state of the economy, and the role of America in the global economy. This is in turn impacted by foreign economic policies which involve investment in companies and capital, trade in goods and services, access to raw materials and energy, and monetary policies and currencies fluctuations. Today, the American economy is more elemental to and dependent upon the international political economy. Besides security, economics, freedom, individual health and individual livelihood, there are other considerable areas of foreign policy that impact Americans. Examples are immigration and population dynamics, tourism, travel, the spread of HIV/AIDS, drug trade, deforestation, global warming, and environmental protection. The United States foreign policy is therefore involved in countless activities and affairs that have immediate and direct, as well as indirect and underlying implications on daily and future lives of Americans. During his victory speech on the evening of November 4, 2008, President-Elect Barack Obama used the moment to remind the world the image of the United States will undergo a dramatic transformation under his administration.†The foreign policy approach that has emerged during Obama’s tenure as president aligns closely with the liberal internationalist concept to foreign policy. A liberal internationalist approach is based on several core beliefs and values, about the interests and aims of foreign policy actions, for different nations and for the United States in specific. Essential domestic values, such as the development of individual freedoms and democracies are perceive d as significant ways to build a balanced, and amicable international order. Liberal internationalism also â€Å"calls for promoting international cooperation and interdependence in a variety of ways as a means to knit states and people today in a web of interdependence to address common problems and reduce the risk of conflict.† President Barrack Obama’s administration has not only had to handle the war on terrorism and the effects of Iraq war, but it also took office at a time when the International and American political economy was rocking at the threshold of breakdown. The first priority of President Barack Obama’s administration was to prevent the economic situation of America from deteriorating further and possibly collapsing into a greater depression. This was done in part by attempting to rebuild the confidence of foreign markets which had been lost during the 2008 economic crisis.  

Area of Study Journeys Essay Example for Free

Area of Study Journeys Essay In a Journey, a traveller can gain new perspectives of themselves and the world around them by taking on opportunities to learn. The novel ‘Raw’ by Scott Monk demonstrates these ideas by writing about a young boy named Brett, who hates authoritative figures such as the police. A change is perspective is shown in the late chapters when Brett is at the farm, meeting new friends and learning how lucky he is. What also changes Brett’s attitude to himself, other people that are the friends that he makes during the novel and a girl that he is willing to meet, even if he goes the prison. Brett’s punish for escaping from the Farm has change view of making decisions. Instead of judging and disliking a person, Brett has shown to change his views of other people on his journey. The Poem, ‘The road not taken’ by Robert Frost also exhibits the opportunity to gain new perspectives in the poem, through the use of an extended metaphor about the journey of life. This is shown in the poem when the persona apologises for not being able to take both sides of the road. Disappointment is shown when the persona gives a ‘sigh’. This shows how melancholic he is by giving a deep audible breath. A personal voice is used in the poem to create immediacy. In ‘Raw’, Brett’s journey to the Farm to meet new people and serve as a sentence instead of jail, has given him the opportunity to gain new perspective of himself and the world around him. Because of his journey, he decides to change how he feels about people such as his warden Sam and the police. The change made in the novel is that he chooses to call the police how they are called in instead of ‘pigs’. He has proven himself to be a selfless person when he saw his younger friend Frog, being tricked by a grown man. Immediately, he steps in to take Frog back to the Farm, even though he is up against an obstacle greater than himself. This noble act would not have happened at the beginning of the novel, because early in the chapter Brett feels that he is hated by everyone. His decision to prevent Frog from taking drugs is due to forming a close friendship with him and Brett’s guilt for allowing his friend to leave his sight. This is evident from the quote, ‘Give it back to him, Robbie’. Brett has also gain a new perspective of him after listening to Josh’s unfortunate story of his past. Josh’s story has made Brett thought of how promising his life can be because of the parents he has. He has learnt that the world has nothing against him and that he is only isolating himself from people who wish to know him. There is a lot of change in Brett, because at the beginning of the novel Brett is shown to be an extremely unpleasant person when speaking and looks at the police in a negative way. This is a contrast between Brett’s pre journey when he ran at the streets stealing a bott le store to his after journey, learning that only he can change his life. Brett’s Stream of consciousness can be seen by the readers a where he moves from his immature attitude to a wiser person when he listens to others and thinks about what he is doing. Brett and Josh have shown to have a friendlier approach to each other after Josh covered his fight with Smiling Joe. This demonstrates a change in Brett’s perspective because of Brett’s first run in with Josh, they immediately judged and dislike each other, treating one another like criminals. Whereas now they are able to understand each other. The reason for this is because of Brett appreciating Josh’s help. This is another contrast in Brett’s Journey, changing how he feels about others. We know how appreciative Brett is when he said ‘Thanks for that’ and ‘Sticking up for me’ After Brett’s escape from the Farm, not only is he punished but everyone else at the Farm is also punished for his actions. This is what makes Brett learn that there will always be consequences for his behaviour on the farm. Because of the punishment, Brett no longer tries to make an escape at Farm, after his first attempt. He also does not lie to the police when they ask him about stealing liquor from a man. This is because on his journey, meeting Caitlyn changes his decision of giving himself up and finish his sentence in jail instead of running away from the police to hide. A feeling of regret is made at the beginning of the poem for not being able to take both sides of the road. The persona in the end found that the path he took was a choice that he should not regret since not all opportunity can be taken and that it is very unlikely that he will ever comeback for the other path to discover what it is like. This is because after one road, he may encounter another and have to neglect the other. His wordchoice, ‘sorry’ conveys his feeling of regret. ‘The road not taken’ presents us the decision made in the journey of taking only one path of a diverged road because the persona may not be able to take the other path in future. The path he has taken is the one less travelled by and has changed his life. He has made an indication to us that the choice he decides is the more difficult one out of the two but the difference is that his one has been rewarding. This is said is the last two lines of the last stanza. There is a change in tense in the last lines, showing that he is happy with his decision. The past tense signifies that he want to look back at his decision later in life. A personal tone is used throughout the poem by having the persona speaking in first person. The composer allows the reader to observe what the personas knows or sees. This creates an immediate connection with the readers and persona. With this technique, we are drawn into his world, life and mind. We see what he tells us when he could not take both paths and later shows the he is satisfied with his choice. To sum up, A journey give the traveller a change in their attitude themselves other people. It is shown by composers with techniques to demonstrate the idea in the text such as the contrast of a person’s pre and after journey, when we track their inner thoughts through Stream of Consciousness. Our Wordchoice can expose how we feel in what we say and the use of first person allows us to connect with the persona.

Airasia Berhad Strategy Analysis

Airasia Berhad Strategy Analysis Introduction AirAsia Berhad (AirAsia) is the leading low cost airlines in South East Asia, which has expanded rapidly since 2001. The company is based in Kuala Lumpur, Malaysia and has successfully positioned itself in customers mind through the simple slogan â€Å"Now Everyone Can Fly†. The company is currently valued at approximately RM2.7 billion and has a total of 60 aircrafts that fly to over 50 domestic and international destinations with over 400 domestic and international flights daily (Euromonitor International, 2009). The operation for the short and long haul are handled by AirAsia and its sister company, AirAsia X Sdn Bhd (AirAsia X) respectively (AirAsia, 2009). AirAsia aims to establish itself as a leading low cost carrier in market by valuing its customers through cost advantages created by operational effectiveness and efficiency. More customers are able to fly taking into consideration the low fare charges as AirAsia capture segments of customers that previously could not afford the airlines fare. Whether the strategy exploits the companys key resources Each organisation is unique in terms of it resources and capabilities and the key to success merely depend on its ability to find or create a competence that is distinctive (Teece, Pisano and Shuen, 1997). The Resource Based View (RBV) combines two perspectives, the internal analysis of phenomena within an organisation and an external analysis of the industry and its competitive environment (Eisenhardt and Martin, 2000) and (Collis and Montgomery, 1995). It goes beyond the Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis by integrating internal and external perspectives. The ability of an organisations resources to present competitive advantages could not be determine without taking into considerations the broader competitive concept. Barney (1995) indicated that organisations resources and capabilities must be evaluated in terms of value, rarity, inimitability and organisation. Furthermore, Carpenter and Sanders (2009) suggested that in order for a company to gain co mpetitive advantage, they should possess resources and capabilities that are valuable, rare, inimitable, nonsubstitutable and exploitable (VRINE model). The value of the resources and capabilities interacts with the market sources and will differ based on time and industry. The three fundamental market forces; scarcity, demand and appropriability determines the value of a resources and capabilities (Collis and Montgomery, 1995). In order to answer the question of value, organisation could identify whether the resources and capabilities are able to meet market demand. As for AirAsia, the organisation relies on its human resources and management capabilities wherein these two components have satisfied the value requirement, as it has been able to meet the demand for the Low Cost Carrier (LCC) market. Resources and capabilities owned by AirAsia are homogenous in the market but aspect such as work culture and innovative routes make it difference from the competitors. For example, any ideas to improve the operations are welcome from all level of employees and in terms of route, AirAsia try penetrate new routes and will go to locations that others given up. In RBV concept, AirAsia can be characterised as a competitive parity company based on its valuable but not rare resources and capabilities. In airline industry, things like aircraft and fast turnaround time are easily imitated by others. Nevertheless, one of AirAsias distinct characteristic is path dependency wherein a characteristic of capabilities is developed and accumulated through a series of time (Dess, Lumpkin and Eisner, 2008). AirAsias work culture of openness between employees as well as the leadership from its Chief Executive Officer is something have been built up over a period of time which is difficult to duplicate. Moreover, the high capital requirement for market entry is another factor that leads to difficulty to imitate the resources and capabilities. It is undeniable that competitors can imitate the said resources and capability, however, it will take time and in the meantime, AirAsia will gain the competitive advantages. Controlling and exploiting the resources and capabilities provides competitive advantages to the organisations (Carpenter and Sanders, 2009). AirAsia has exploited it resources and capabilities, which is reflected in their financial performance. AirAsia has gradually increased its performance throughout the years. AirAsias s net profit for the 3rd quarter of 2009 totalled RM130 million ($38.4 million) which is sustained by rising passenger numbers and income from add-on services. The profit achieved was a turnaround from a RM466 million ($137 million) net loss in the same period last year (www.airasia.com). The fit of the strategy to current industry conditions The competitive environment consists of many factors that are particularly relevant to an organisations strategy. Analysing the external environment particularly the industry is a starting point for firms to develop a strategy. Porters five forces include the overall structure rather than focusing to any one element. However, the forces are not stagnant which tendency to change may occur. AirAsia operates within the airline industry and forces that are driven in the industry would identify the strength and weaknesses of the organisation. Rivalry among established companies Risk of entry by potential competitors Bargaining power of buyers Bargaining power of suppliers Substitute Products High Due to market growth High Full service airline might want to consider going low cost Low Price is at the cheapest. Low Limited provider in the market. Low There is competition train, bus, car travel etc There is potential market in the Asia for LCC due to the rapid economic and disposable incomes growth. This seems to be a profitable opportunity to tap. Infrastructure such as high-speed trains and highways has yet to meet the high standard level and therefore customers tend to choose the air as mode of transportation. Hence, threats of substitutes are low as the geographical structure of Asia has made air travel the viable, efficient and convenient mode of transportation. Looking into this scenario, AirAsia entered the airline industry concentrating on the LCC and noted that at the initial stage there were less rivalry but as the industry grows, the rivalry among established firms become higher partly due to price issues. AirAsias main competitors are Firefly, Tiger Airways and Jetstar Asia. Knowing the increase of competition in the market, AirAsia applied the adaptation process (Hanan Freeman, 1984) by expanding its operation to long haul services to various destinations. Moreove r, AirAsia realise the price is destructive and try to avoid direct price competition and try to create a friendly competition environment. As there is positive trend in the airline industry, full service airline carriers have refocused its operation related to costs and yields as it is seen as a requirement to maintain profitability (Graham and Vowles, 2006). There is possibility of new entrance of LCC, which creates further competition in the industry.For example, Firefly was set up by Malaysia Airline System Berhad (MAS) is a part of LCC industry in Malaysia that has adapted AirAsias low cost concept. However, it would not be a threat to AirAsia as Hanan Freeman (1984) highlighted it is difficult to imitate as tacit amount of knowledge is required on the targeted firm. The government barriers air service agreement and high capital requirement could act as barriers to entry. Due to significant growth within the industry, demand for additional aircraft has increased and suppliers will be in a powerful position. It was reported that Asia accounts for 40% of new aircraft orders for Boeing and Airbus and seat capacity on LCC worldwide has more than doubled in the past four years (Shameem, 2006). Due to few players, Boeing and Airbus, and lack of competition in the market, the bargaining power of suppliers are low. Consequently, there is not much competition in terms of pricing occurring between the two companies so an airline carrier will have to accept an offer from one of the suppliers. The bargaining power for buyers is low as there is no room to bargain for cheaper tickets as AirAsia provides the lowest price compared to other carriers. The biggest threats for AirAsia are the rivalry and risk of entry with the existing and potential competitors. LCC business is viable and there is healthy profitability provided AirAsia continuously improves itself and is flexible in the challenging market. The sustainability of the differentiators Porter (1996) indicated that to outperform rivals, an organisation need to deliver greater value to customers and build comparative value at a lower cost. The airline industry is at the growing stage and therefore stiff competition from existing and new LCC is expected in the future. In order to sustain its competitive advantage, AirAsia needs to leverage its competency in creating cost advantages. At present, AirAsia differentiates by providing substantially low fares with no frills concept and by offering innovative routes. Murray (1988) indicated that there is uncertainty for sustainable differentiation to be achieved through product innovation and suggested that the area that could be concentrated for the said differentiation is quality and service. While,Porter (1996) highlighted that positioning are successful based on activity system and simple consistency between each activity aligning with the organisation strategy. AirAsia builds it brand name by providing a good quality service at a low price. Furthermore, AirAsia focuses on branding through campaign and advertisement such as recent sponsorship deal with an American football team, Oakland Riders. During inception, AirAsia focused on internal destinations and have further entered the international destinations. AirAsia X is differentiated by its long haul LCC as customers would not need to look at different carriers to reach different destinations at a lowest price. It is based on the same no frills service model wherein the price is 80% lower than its competitor together with additional services that requires customer to pay additional payment such as food, entertainment and others. AirAsia also seek to create excitement amongst their customers with the range of innovative and personalized service such as self check-in. Customer loyalty is build by the differentiation, which could act as a defence against rivalry (Eng, 1994). Due to AirAsias success in the industry, competitor might want to adapt the companys business model. However, AirAsia had some advantages over its competitors by the advantage of experience and its brand enjoyed good recognition. AirAsia gain from the first mover advantage in South East Asia which allows it to establish itself before competition perceive further in this low cost segment, apart from competition that already exists across segments (low cost vs. full service carriers). AirAsia has the strength to lay down the rules and framework in the industry for business and operational suitability. Whether the elements of the strategy are consistent and aligned with the strategic position Strategy works as a driver in a firm in achieving goals and objectives (Carpenter and Sanders, 2009). AirAsias five strategy elements are as follows: Arenas (where will be active and with how much emphasis) * Low cost airline.  · specific markets-price sensitive customers (including first-time fliers) * Main base is located at the Low Cost Carrier Terminal (LCCT) at Kuala Lumpur International Airport (KLIA). Its affiliate airlines, Thai AirAsia and Indonesia AirAsia fly from Suvarnabhumi Airport, Thailand and Soekarno-Hatta International Airport, Indonesia, respectively. Vehicles (How to get there?) * Internal development via new routes. * Strategic partnership. Differentiators (How to win?) * Low cost short and long haul with no-frills. Customers have the choice of customizing services without compromising on quality and services. * Create new segment in airline travel based on value and service. Staging and Pacing (what will the speed and sequence of moves?) * AirAsia flies to over 60 domestic and international destinations with 50 routes, and operates over 400 flights daily from hubs located in Malaysia, Thailand and Indonesia. * AirAsia has flown over 55 million guests across the region and continues to spread its wings to create more extensive route network through its associate companies, Thai AirAsia and Indonesia AirAsia. Economic Logic (How do returns be obtained?) * Low operation cost through flying with one type of aircraft, uses secondary airport locations etc. * Low cost incentive with various choices of destinations. Porter (1996) presented three generic strategies that an organisation could use to overcome the five forces and achieve competitive advantage. Adopting a suitable strategy depends on the organisations industry, customer characteristics and capabilities (Murray ,1988) and (Eng ,1993). However. In the LCC segment, cost is the competitive priority and it determines market position. In lieu of this, AirAsia has applied the focused cost leadership strategy wherein it targets on specific markets; price sensitive customers as well as lowering its overall costs (Flouris and Walker, 2005). Murray (1988) disagrees that cost structure is vital in relation to the output performance compared to the price sensitivity. Factors such as economy of scale and quality of management teams within the organization could be the benchmark for cost leadership. Under the cost leadership strategy, level of operation efficiency is vital as it assist in achieving cost advantages than the rivals by searching continuous areas for cost reduction along its value chain that leads to economies of scale (Eng, 1993). AirAsia increases its efficiency through increased route network and its operating activities by adapting cost optimising techniques such as quick turnaround times and maximizing of flight utilisation for its aircrafts (Shari, 2003). AirAsia took advantage from the existence of e-commerce which is easier technique in providing information. The cost related to web is very low compared to other methods like advertisement on television. AirAsia has taken advantage from this method to reduce the cost of operations. Malaysia government has supported AirAsia through the opening of the LCC terminal in Kuala Lumpur International Airport, which enhanced its competitive edge by reducing costs and better logistic planning (Euromonitor International, 2009). Competitors tend to know how big the market is and how good the opportunity is in Asia. Therefore, there is threat by competitors, which could imitate AirAsias low cost base. Most of the competitors have the same concept of no frills and low price strategy and will continuously try to reduce its costs than AirAsia in order to gain sustainability in the market. The challenge for AirAsia is to reduce cost effectively which is difficult for the competitors to copy. Possible issues associated with implementation Strategy formulation and implementation are interdependent with the objectives being a coherent set of strategy elements and implement levers (Carpenter and Sanders, 2009). In order to succeed in the LCC segment, AirAsia will need to maintain its low cost elements in their business design, as it is critical to the long-term success. The main reason is because the more gaps arise between the competiting airlines, the more flexibility will be available to offer lower price and gain market share. An extended route system will most certainly be a key differentiator and to sustain its competitive advantages, resources and capabilities need to be analysed further. With the growth in the LCC, it will create opportunity to others to enter the market. Competition between carriers using the same business model will inevitably be intense. There were studies resulting that adapting one or more forms of generic strategy will enable organisation to outperform better (Murray, 1988). However, Eng (1993) indicated that Porter discouraged organisations to combine the said strategies as it is inconsistent as for example differentiation is related to cost. One of the major pitfalls against attempting to differentiate is by trying to combine low cost and differentiation strategy by starting to add frills in its business model. By applying this strategy, carriers have lost their source of competitive advantage by narrowing the strategic cost gap. Every frill or service adds to cost and reduced the strategic cost gap, thus curbing the flexibility to offer innovative price deals. Around the world, it has been observed that low cost airlines pursuing a generic b usiness design have emerged as the most successful. Conclusion AirAsias success is based on the no-frills, low fare, simple and convenient option air travel. The company has managed to deliver low fares by consistently keeping cost low through high efficiency in every art of the business and maintaining simplicity. The company has indicated that synergies between the internal and external factors could develop a competitive advantage. This has allowed AirAsia to position and be the market leader for LCC in South East Asia. The brand name is a major strength to AirAsia wherein a lot of effort is being done. For example, initially when considering to enter the UK market, the company has collaborated with Manchester United and later with referees of Football Association of England. At the moment, they also collaborated with a giant American football club, Oakland Riders to create brand awareness for the local public in order for them to enter the USA market in the future. Bibliography AirAsia offers a new take on the long haul, low cost airline sector (February 2009) Euromonitor International. (assessed on December 2, 2009) Barney J.B. (1995) Looking Inside for Competitive Advantage Academy of Management Executive. 9(4): pp. 49-61 Carpenter, M.A., Sanders W.G. (2009) Strategic Management: A Dynamic Perspective Concepts and Cases Edition. 2nd Edition. New Jersey: Pearson International Edition Collis, D. J.,Montgomery, C. A. (1995) Competing on Resources Harvard Business Review. pp. 118-128 Dess, G.G., Lumpkin, G.T., Alan, B.E. (2008) Strategic Management. 4th Edition. New York: McGraw-Hill Irwin. Eisenthardt, K., Martin, J.A. (2000) Dynamic Capabilities: What Are They? Strategic Management Journal. 21: pp. 1105-1121 Eng, L.G. (2003) Using Generic Strategies: Some Caveats Singapore Management Review. 15(2) : pp. 43-48 Flouris T., Walker T.J., (2005) The Financial Performance of Low Cost and Full Service Airlines in Times of Crisis Canadian Journal Administrative Sciences. 22(1) : pp. 3-20 Hanan M.T., Freeman J. (1984) Structural Inertia and Organisational Change American Sociology Review. 49(2): pp. 149-164 Local Company Profile: AirAsia Sdn Bhd-Travel and Tourism-Malaysia (October 2009) Euromonitor International. (assessed on December 1, 2009) Murray A.I. (1988) A Contingency View of Porters â€Å"Generic Strategies† The Academy of Management Review. 13(3) : pp. 390-400 Graham B., Vowles T.M. (2006) Carriers within Carriers: A Strategic Response to Low-Cost Airline Competition Transport Reviews.: pp. 105-126 Porter M.E. (1996), What is Strategy Harvard Business School. pp. 61-78 Shameem A. (September 26, 2006), AirAsia Taked Flights on Low Cost Carriers Business Week (Online) Available from http://www.businessweek.com/globalbiz/content/sep2006/gb20060929_437421.html (assess on December 2, 2009) Shari M. (September 1, 2003) A Discount Carrier Spread its Wings Business Week (Online), Available from: http://www.businessweek.com/magazine/content/03_35/b3847132_mz033.htm (assessed on December 2, 2009) Teece, D.J., Pisano G., Shuen, Amy (1997) Dynamic Capabilities and Strategic Management Strategic Management Journal. 18(7): pp. 509-533 www.airasia.com (assess on November 12, 2009)

Introduction to Contract Law

Introduction to Contract Law CONTRACT: A contract is a legal binding between two companies, businesses or parties that unites them in an agreement which is protected by law. A contract between the parties can be created verbally, in writing, by conduct or by all these means. And this contract becomes a valid contract if it has all the essential elements described as follows: It is important to mention that contract is enforceable only if all these elements are present in the contract. ESSENTIALS ELEMENTS OF A BUSINESS CONTRACT AND THEIR IMPORTANCE: i). Offer and acceptance: Offer is the starting point of the contract. In order to create contract there must be a definite and well-defined offer by one party (which will show willingness of the offeror for an action) and clear acceptance of the same by the other party. While making an offer the offering party may specify the time limit for validity of the offer but even if it’snot specified, the offer will be valid for a logical time period, until accepted or cancelled by the offering party. The acceptance of the offer and that means full acceptance to what is being offered not partial (partial acceptance is a counter-offer, which invalidates the contract), validates the offer to transform it into a contract. Though all the elements must be present to create a contract, but offer and acceptance make the basis of the contract or it actually lays the foundation of the legal agreement between the parties. ii). Intention to create legal relationship: A contract requires that the parties aim/propose to enter into a legally binding agreement: i.e; the parties entering into the contract are willing to create legal relations and fully understand that the agreement can be enforced by law. If a contract has been signed between two parties, then one party will be able to sue the other if it does not fulfill the contractual provisions. iii). Competency or ability to get into a contract: The law does not give everyone the liberty to enter into a contract; rather certain specific qualifications are prescribed to achieve the competency to get into a contract. To be legally competent to enter into contract one must be of the age of majority (should not be minor), having sound mind and has not been disqualified by any law. iv). Free consent: Free consent is an essential element of a valid contract. It is inborn for any agreement that all the parties must agree to a common goal. To create a valid contract, mere consent is not enough, rather the consent must be free consent according to law: A free consent is not caused by, coercion, undue influence, fraud, misrepresentation and mistake. v). Lawful Consideration: In order for a contract to be binding it must be held up by valuable consideration. Consideration is what each party gives to the other as the agreed price for the others promises. Usually the consideration is the payment of money but it need not be; it can be anything of value including the promise not to do something, or to refrain from exercising some right. Money, goods and services are the most common examples of consideration. vi). Lawful Object: The object of an agreement must be valid. Object is the purpose or design of the contract. For example, if a building is hired to setup a business, say private hostel, the object of the contract is to run a private hostel. vii). Possibility of performance: If the agreement is about ac action which is legally, physically or practically impossible, then it cannot be enforced by law. So if an agreement fails to satisfy the legal requirements, it cannot turn into a contract, rather a void agreement. viii). Not declared void or illegal: The agreement though satisfying all the conditions for a valid contract must not have been expressly declared void by any law in force, in the country. TASK-1(b) IMPACT OF DIFFERENT TYPES OF CONTRACT: 1). Unilateral Contract: In a unilateral contract the offering party makes a promise in return of specific act by the accepting party. For example a sum of money may be offered by the offeror in return of provision of information by the other. If the offeree gives acceptance, then this act is enough to get the parties into legal binding or contract. This contract is also termed as a one-sided contract wherein only one party (offeror) assumes the obligation under the contract. 2). Bilateral Contract: In bilateral contracts both the parties make promises: the offeror promises to do an act in return of the promises of the acceptor. For example; sale of goods or services. In bilateral contract, both the parties are bound to fulfill the terms of the agreement. 3). Speciality Contract: It is a formal contract, used in various business transactions; such as: lease of property and in partnership deeds. In this, both the parties sign a written contract as a documentary proof of the contract and both must retain the copy of the contract. 4). Standard Contract: When two companies enter into an agreement to do business together, the agreement is sealed and documented to form a standard contract. For example; two insurance companies can get into an agreement; they would be legally bound and can sue each other in case of breach of contract. 5). Verbal Contract: It is based on verbal communication of the contracting parties but it is not documented or there is no formal evidence of the contract. So these contracts may give rise to disputes and cannot be challenged legally, in absence of evidence. 6). Written Contract: In written contract, the terms are clearly expressed and agreed upon by the contracting parties, at the time of contract formation. The written contract is signed by both the parties as documentary evidence for the legal binding. 7). Implied Contracts: As the name implies, the terms in this contract may not be clearly expressed in words but it comprises of the obligations arising from the agreement. For this contract there is an act or conduct of a party that legally binds them and court implies the contract depending on the nature of the conduct. This may be implied in case of renewal of contracts between two contracting parties. 8). Simple Contract: The contracts must be kept in written form so that both the parties fully understand the terms of the contract, which may give them a legal protection in case of breach of the contract or damages caused by the contracting party. It might be in written or verbal form. 9). Void Contract: It is not a valid contract at all. It has no legal effect and it is not enforceable. An example is the one where the subject of the contract is illegal. 10). Valid Contract: A valid contract contains all essential elements of a contract, thus is legally binding and enforceable (as explained in detail). TASK-1(c) Meaning and effect of different types of terms in a contract. Terms are the promises the parties make to one another as part of the contract. The terms therefore determine the rights and obligations of each party to the agreement. Express terms. These are promises specifically made by either of the parties at the time of the contract and it becomes part of the contract. Implied terms: Implied terms are promises which are not specifically agreed by the parties, they may not even have been mentioned or considered, but which are nonetheless presumed to be part of the contract. Terms may come to be implied into contracts, either by Parliament under a statute or by the courts. It is well established that a contract may be subjected to terms that are sanctioned by the custom, whether commercial or otherwise, they have not been expressly mentioned by the parties. . 3. Conditions and Warranties: Contract terms have either been classified as ‘conditions’ or ‘warranties’ for the purpose of deciding what remedy is available to the ‘innocent’ party in the case of a breach. 4. In nominate (intermediate) Terms: According to this approach, the ‘innocent’ party will only be able to terminate the contract if the effect of the breach was to deprive him of substantially the whole benefit of the contract. 5. Exclusion clauses: Many contracts include a term by which one party seeks to limit financial claims against it in the event of loss or damage to the other party, or to exclude itself from legal liability altogether. Exclusion clauses are subject to control by both the courts and statute, to prevent abuses. TASK-2 Barker and Clive Solicitors Clegdon January 25, 2015 Carl Smith Training Officer Address†¦. Subject: Legal issues and laws involved in online purchase of goods. Dear Carl, Hope that this letter finds you in good spirit. I am writing to you in response to your letter wherein you have inquired about the legal issues involved in online purchase of a set of DVDs on Team-building training. I have studied your matter and want to inform that Under the Consumer Contracts Regulations your right to cancel an order starts the moment you place your order and doesnt end until 14 days from the day you receive your goods.Once the contract is cancelled, any credit agreements entered into at the time of the contract are cancelled as well. A number of laws give consumers a legal right to cancel contracts in specific transactions within a short time after the consumer signs the contract, and without giving the seller or other party a reason or having to show legal cause. In order to cancel, the buyer must sign and date the cancellation notice, which must state that the buyer is canceling the contract. The buyer should send the notice to the seller by certified mail, return receipt requested, at the address that the seller has given in the sale documents. The buyer should keep a copy of the notice for his or her own records, and to be able to prove that the notice was given and what was said. Since you e-mailed Classic Training to cancel the order in less than an hour, then your order may be cancelled by virtue of law. Direct Training invited you with their advertisement showing the price  £75 for the DVD set. Law considers the price tag as an invitation for you to make an offer to purchase the item at that price. The offer was clear, definite and explicit and there was nothing to negotiate, then your acceptance completed the contract on the terms specified by Direct Training at the time you placed the order. However, if the price advertised on the website turns out to be incorrect, then they do not have a legal commitment to complete the sale: By law an advertised price is not a contract of sale, so the seller can refuse to complete the transaction if the price has changed, in likelihood that advertised price was not deliberately misleading. If there is an obvious error in a price displayed, the supplier will not be bound by that price if the supplier corrects the error and informs the consumer of the correct price before the sale is concluded. The supplier is not obliged to sell the goods to the consumer at the patently incorrect price. Since Direct Training corrected the error and informed you via e-mail, they are not bound by law to sale the DVD set on the erroneous price. So, its better not to expect any favor as it is unlikely that any action will result in compensation; especially as technically the product was not sold. After having discussed the legal issues in detail, it would be more practical and advisable if you let the order completed with Classical training instead of direct training. It would at least save  £10 to the company. Hope that the letter has addressed the right legal concerns. Sincerely, TASK-3 Barker and Clive Solicitors Clegdon January 25, 2015 Dear Lan Page, I am writing you with reference a letter from an apprentice’s mother. Asad’s mother wrote about the details of the apprenticeship they entered with Mr.Abdul Bashir. The apprenticeship signed between Mr. Abdul Bashir and asad legally binds them into contract for a period of three years. As per law, the training contract legally binds Asad and Abdul Bashir for the term of the apprenticeship (3 years). The standardized contract terms define the obligations of apprentice. Moreover, if Mr. Abdul Bashir is offering apprenticeships for quite some time now, it must have also been signed/approved by a regulatory body, by approving the given terms and conditions. As long as everything within the contract is agreed upon and signed and dated by both parties, it is legally binding. 2). When two companies enter into an agreement to do business together, the agreement is sealed and documented to form a standard contract. The prominent advantage is that minimum risks are involved and reduce legal costs. The standard contracts also provide greater certainty regarding the contract terms, providing clear legal specification and protection to both the parties. It saves time and costs by leaving little room for negotiations. The main disadvantage of the standardized contract is the Boilerplate. It is what has been deliberately missed out of the contract. So, winning a dispute would not bring any advantage if the person issuing the contract has deleted the part that says the loser in litigation will pay the winners attorney fees. Another problem with boilerplate is the section that says disputes will be resolved by arbitration instead of a lawsuit. Price fixing is another disadvantage of standardization of contract: prices are made part of the standardization. Language problem is a major disadvantage. Use of some words may change a simple proposal to an obligation. Just as specified in Clause (a) of the standardized contract Asad signed in apprenticeship. The standardized contract inherently favours the issuing party. Like it favous Mr. Abdul Bashir being the employer and issuer of apprenticeship terms. Would be waiting for your take on the same. Regards. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. TASK-4 Barker and Clive Solicitors Clegdon January 25, 2015 Hotsafe Ltd. Vicarious liability occurs in case of breach of any term or part of the contract by an employee acting on behalf of the company; thus the owner of the company will be held liable. Same rule applies in the case of various contracts and business dealings. As per definition of Winfield, Liability arises from the breach of the duty, as fixed by law. Thus indirect responsibility lies on Hotsafe Ltd as a result of inability to carry out the service by one of the employee of the company; the breach of the duty calls for compensation of unliquidated damages. Legal liability in this case arises as a result of breach of contract that you have entered into with Garside. The damages occurred to Garside are the result of negligence. And negligence has significant affect in business contracts. As per business contract signed between your company and Garside, your company was obligated to carry out the service as per schedule. As per law, if a party to a contract suffers loss for the negligent act of the other, the plaintiff is entitled to seek relief for the negligence. The presumed negligence in this case is satisfying the four conditions for the award of damages. Your company was bound to perform the legal duty. Failed to perform that duty; The plaintiff (Garside) suffered an injury or a loss; The negligent act is the proximate cause of the injury. You will have a defense against this negligence only if the negligence act also has some contribution on part of Garside, depending upon his share in this negligence. But this can only be investigated on court’s order. Another defense would be to show that you have taken all reasonable steps to ensure the prevention of such acts or omissions therefore providing a statutory defense. If you are having in place an up to date policy, a code of conduct, responsibility division and fixing, implemented trainings, and clearly communicated policies to all the employees of Hotsafe Ltd. In this case , any incident resulting due to negligence of an employee should be followed by a strict action against the employee. This may save the company against any serious damage claim. I hope that this would give the necessary legal perspective on the issue and you get out of it with the appropriate measures. Regards. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. References Webpages http://legal-dictionary.thefreedictionary.com/Types+of+Contracts http://ncllive.com/sites/default/files/Documents/Manual of HND Aspects of Contract and Negligence in Business Final_0.pdf http://www.plea.org/legal_resources/?a=646searchTxt=housecat=7pcat=4 http://legal-dictionary.thefreedictionary.com/apprenticeship http://legal-dictionary.thefreedictionary.com/in http://training.qld.gov.au/resources/apprentices/pdf/apprenticeship-traineeship-guide.pdf https://www.gov.uk/government/publications/apprenticeship-agreement-template http://www.skills.sa.gov.au/DesktopModules/Bring2mind/DMX/Download.aspx?Command=Core_DownloadEntryId=114PortalId=0TabId=1004 http://smallbusiness.chron.com/disadvantages-using-standard-contracts-31472.html http://www.claytonutz.com/publications/news/200712/05/tips_for_using_standard_form_contracts.page http://www.ukessays.com/essays/construction/the-importance-of-using-standard-forms-of-contracts-in-construction-industry.php http://scholarship.law.wm.edu/cgi/viewcontent.cgi?article=3364context=wmlr http://www.acquisition.gov/far/html/Subpart 22_4.html http://www.contract/Importance Of The Essential Element Law Contract Essay (1).mht http://www.britannica.com/EBchecked/topic/600206/tort/16466/Comparative-classification http://thismatter.com/money/insurance/legal-liability.htm - End - 1 | Page

Indifference Breeds Evil Essay -- Philosophy, Truth

Indifference Breeds Evil Norman Cousins, an American journalist and professor, once said, â€Å"The individual is capable of both great compassion and great indifference. He has it within his means to nourish the former and outgrow the latter.† Choices comprise the essence of life. Many people assess the circumstances they encounter in their life and tend to react in their best interests. When a fellow man requires a helping hand most people pay no heed because it’s the easy way out. However, other people will go out of their way to lend a hand even if it takes exertion on their part and they will be triumphant, knowing they created a better world. In contrast, those who are indifferent to another’s plight will bring more evil into the world. In conclusion, a person sometimes needs to let go of his indifference to face the truth of what is right. In the following stories, we will show how the choices people make effect society for the good or the bad. We will explore the colonists first who were faced with a choice during the Revolutionary War. The colonists of America started to rebel against the mighty British Empire for a number of reasons. John Locke had written about the â€Å"social contract† which meant that the government can only be of authority if it has consent of the governed. Locke continues and says that if the government abuses the rights of the governed the people can rebel and overthrow the government. This idea began to germinate in the minds of the colonists as the British government began forcing unreasonable tariffs on them. The Sugar Act, Stamp Act, and the Townshend Acts were all different taxes that the British parliament placed on goods and commodities at a time when the economy was at a low. The colonists starte... ... grow out of a widespread pursuit of individual interests,† there’s a need for â€Å"†¦cooperative efforts†¦of many people† (Velasquez, Andre, Shanks, S.J. and Meyer 2). The â€Å"common good† is something with which everyone can partake and enjoy. For example, a clean unpolluted environment. The problem with the â€Å"common good† is that not everyone in society will be motivated towards one goal because people will support their own interests and not towards the goal of the â€Å"common good.† Even though the ideal society of everyone working toward the â€Å"common good† can never become reality it is a point to ponder. People should reflect if their actions are going to benefit society or cause distress or hardship on others. Our society stresses individualism, but we cannot remain indifferent to the shared goals we all have in common. (Velasquez, Andre, Shanks, S.J. and Meyer)

Symbolism and Irony in Hawthornes Young Goodman Brown Essay -- Young

Symbolism and Irony in Young Goodman Brown      Ã‚     Ã‚   Nathaniel Hawthorne's " Young Goodman Brown " is the story of a young man faced with the reality that evil is a part of human nature. The story illustrates how naivetà © can drive a person to lunacy. Young Goodman Brown, who symbolizes that Puritan " every man, " is shocked when he sees respected clergymen and women of his village at the devil's communion. His disbelief that it is normal and acceptable to be intrinsically evil causes him to live a life of despair. In the story, symbolism and irony are cleverly implemented to show that no one is completely good or evil, and that the tension between these opposites is where power to progress onward is generated. There are more elements to the story than just the battle of good vs. evil. Sexuality also becomes an issue in the story.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   At the beginning of the story, Young Goodman Brown bids farewell to his young wife. The particular aspect of his life that she represents is illustrated by her name " Faith. " Faith " ...thrusts her pretty head into the street, letting the wind play with the pink ribbons of her cap... " (Hawthorne 272). Already the dynamic symbolism between nature and the home is set up. Nature, particularly the wind, forest, and darkness symbolizes sinfulness and evil. The home, specifically Faith and her pink ribbons, symbolizes the perceived safety and security of the Puritan community as asylum from the sin of the rest of the world.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Goodman Brown begins his journey into the woods. He reprimands himself for leaving Faith on such an errand, but promises to " cling to her skirts and follow her to Heaven " (Hawthorne 272) when he returns. This " errand " is never clarified, but it... ...986. 5: 2737-40. Fogle, Richard, H. Hawthorn's Fiction: The Light and the Dark. Oklahoma. University of Oklahoma Press, 1964. Hawthorne, Nathaniel. "Young Goodman Brown" An Introduction to Reading and Writing. Ed. Alison Reeves. New Jersey: Prentice Hall, 1995. Shear, Walter. "Cultural fate and social freedom in three American short stories." Studies in Short Fiction, fall 92, Vol. 29 Issue 4, p543, 7p. Swisher, Clarice., ed. "Color and Images in The Scarlet Letter." Readings on Nathaniel Hawthorne. Greenhaven Press, Inc., 1996. VonFrank, Albert J. "Pretty in Pink: Young Goodman Brown and New-World." Critical Essay on Hawthorn's Short Stories, Boston: G.K. Hall & Co., 1991. Zanger, Jules. "Young Goodman Brown" and "A White Heron":Correspondences And illuminations. Papers on Language & Literature. Summer90, Vol. 26 Issue 3, p346, 12p.   

Summary of Project Feasibility

Summary of Project Feasibility Assessing the feasibility of Expanding Services (Revenue Increase), Frequent Shopper Program (Revenue Increase), and Increasing Efficiency enhancements are important for Kudler Fine Foods that will determine the success for the project. A â€Å"feasibility study focuses on helping answer the essential question of should we proceed with the proposed project idea? † (Hofstrand & Holz – Clause, 2009). Operational, technical, and economic feasibilities are what specify the project feasibility analysis. Operationally, the Expanding Services will increase the loyalty and profitability of consumers by providing contest, and cooking classes. This program should integrate into the existing workflow without possessing to make any type of tremendous problems to the operations. The extra advertising should help Kudler Fine Foods revenue to increase by drawing in more consumers. The Frequent Shopper Program would only require little user training therefore, no major issues of computer illiteracy should occur. Frequent Shopper Program will provide high value incentives through a partnership with loyalty points program (Virtual Organization, Kudler Fine Foods, Sales and Marketing). This will enhance the attitudes at the point of sales. Kutler Fine Foods already use a POS server that would be a staging ground for the Frequent Shopper database. Kudler’s operations are to increase efficiency by benchmarking Nordstrom department stores. Employee training programs and integration of new software system will facilitate the effort. Increasing efficiency has developed supplier relations program and has solicited the help of marketing to help roll out the program. The various types of proposed requirements that should be taken into consideration are the hardware and software. Hardware relates to the development of the system and software is for the information database and tracking. TPS/Transaction processing system will capture and record information about the transactions that take place at Kudler’s. MIS/Management information systems will produce reports that management needs for planning. Executive information systems will provide the executives information that will be used for monitoring the competitive environment. Centralize management system hardware, front end web server, loyalty card and store server hardware will help assist the â€Å"Frequent Shopper Program. Economic feasibility is the cost/benefit analysis or CBA. CBA helps to give the project team/management in determining whether or not the proposed program is beneficial to the organization. Because the programs are not going to cause a dramatic increase in cost the company will benefit and be very successful. Reference Hofstrand, d. & Holz – Clause, M. (2009,). What is Feasibility Study? Retrieved April, 2010, from extension. iastate. edu

Ethical and Social Concerns in Global Business Essay

The privation of ethics in the business world is superlative and global as new trends and issues arise everyday which may create an significationant accuse to business entities and end-consumers. There is therefore a need for proper ethical style in organizations for smooth operations in spite of appearance the business entities. Morf (1999265) believes Ethics is the moral pattern that individuals inject into their decision- devising process and that helps temper the subsist outcome to conform to the norms of their society. Again, ethical principles dumbfound the very profound function of making behavior very predictable (Mahdavi, 2003).Businesses need to come to grips with the legal and moral tune in which they operate. The various ethical issues in global business that excite imparted diversely in the Kenyan Economy complicate the following 1) Corruption and bribery corruptness and bribery is one of the menace that has seen Kenya toss behind in terms of development . It is oft claimed that in 1963, when Kenya acquired its independence from the colonial rule, it was at par with countries like sulphur Korea, Malaysia, and capital of Singapore among early(a)s, in terms of development.However, the above mentioned countries have grown to be giant economies small-arm Kenya is still struggling at basic with take-off strategies. Kenya has had major(ip) scandals of corruption which include The Goldenberg scandal, The Anglo leasing among some others, which intricate white elephant projects that looted the governance of major funds. The unethical act is still rearing in the estate even subsequently the establishment of the Kenya Anti-corruption Commission to help rule the vice. ) Unfair Pricing This includes the unfair differential coefficient price, improper invoicing where the buyer requests for a determine other than the actual price paid, determine to outdo local competition, dumping commodities at prices below the kinsfolk country pr ices and pricing course sessions that be permitted in the swarm country but against the law in the home country such (e. g. price hole agreements). Unfair pricing is notable in the Kenyan economy where the prices of oil atomic number 18 inflated by the oil sell companies.The presence of the cheap mitumba clothes in Kenya have contributed among other things to the death of the framework industry in Kenya which equally leads to unemployment oflabour and decrease taxes for the government. 3) Illegal/immoral activities in the host country practices such as befoulment of the environment, the maintenance of unsafe working conditions, the trespass of intellectual rights laws in increase/ applied science copying where the protection of patents, trademarks and copyrights is at stake.This has in particular affected to a spot the Kenyan music industry where pirating is rampant. 4) social occasion in semipolitical affairs where political personnel get actively busy in a countrys n ormal marketing operations and ask in unjust practices such as illegal technology transfers. The Kenyan government has recently handled claims where top political officers ar reported to have liaised with other governments to rook the state. These include the sale of lemon to Sudan and the bargain for of government land at china. ) impugnable commissions paid to channel members where un dry landably heights commissions are paid to sales agents, middlemen, consultants and import officials as fees, there is a reason to raise eyebrows. This is an unethical practice that is portray especially in the less developed and developing countries. In Kenya, import officers are known as perpetrators to this menace. 6) cast aside I since considered dumping as an unethical practice of its own since it is present in Kenya.Dumping is where substandard products are sold cheaply to a country where the use of the product in the manufacturing country is outlawed, used for other specified purpos es or declared speculative for human consumption. For instance, The purchase of contaminated maize recently by the Kenya government from South Africa, is one of the cases that identifies Kenya as one of the terminals of dumped goods among other things which include the dominance of vague china made goods in the Kenyan market. This includes hardware materials, home appliances and the recently noted perturbation of mobile phones which hardly last for a month.