Florence Nightingale Assignment Example | Topics and Well Written Essays - 500 words

Florence Nightingale - Assignment Example Nightingale not only treated the soldiers but she started working for the improvement of the conditions of the military hospitals. She wrote books on nursing and with the help of aid from friends she started a nursing school at St Thomas's hospital. Florence Nightingale was a very ambitious lady who revolutionized the criteria's of nursing. Though belonging to a rich family she chose for herself the profession of nursing and tried to change the concept of the society that nursing was a profession for the working class women and not a very respectable line of work. It was the period of the 19th century when women were struggling for their rights. Florence Nightingale played a role in the movement and she faced all the challenges that came her way which included the government of that time. She used the newspapers as her tools and worked very hard for the purpose. Florence Nightingale was a very brave and confident lady. She set an example for the women of her time. Florence Nightingal e became a nurse though she belonged to a wealthy family and nursing at that time was a profession considered to be for the working class women.

Online blog research Essay Example | Topics and Well Written Essays - 1750 words

Online blog research - Essay Example These considerations carry even more weight when we explore the factors that will determine a successful website that markets toys. The complexity of marketing toys on the Internet begins with the target audience. The website offering toys will be visited by young children, their parents, and grandparents. There will be vast differences in Internet capability and a wide variety of tastes. The site should be simple enough to navigate for a 10-year-old child, yet offer the sense of security and trust required for an adult to feel comfortable. The test of 3 websites offered by major toy retailers showed some important differences in usability across age groups. To begin the investigation, we attempted to shop for two toys on etoys.com, toysrus.com, and fatbraintoys.com. These sites were selected by their prominence on the major search engines, which indicate they are probably most selected by consumers. While toysrus.com and etoys.com are for general toys, fatbraintoys.com has a niche market for educational toys. We looked for an erector set for a ten-year-old boy, and a Barbie doll for a ten-year-old girl. While toysrus.com used age brackets, such as 3-4 and 5-7 years of age, etoys.com and fatbraintoys.com listed each age below 8 separately. ... Shopping by department fared no better. On toysrus.com, we looked for the erector set under building sets and retrieved hundreds of different toys. Narrowing the search by age the results were still overwhelming. Simply shopping for an erector set was not realistic. Only on fatbraintoys.com was the erector set a separate category. However, the search for a Barbie doll was much simpler. ToysRUs and etoys had a listing for 'characters' and 'brand', and Barbie was listed as a main category of toy. In fact, toysrus.com had 50 items listed under the Barbie category priced from $10 to $200. The Barbie department at etoys.com had over 100 Barbie items. The site operated by fatbraintoys did not carry a Barbie doll. When the search was narrowed to the 2008 Holiday Barbie doll, toysrus.com and etoys.com had the doll and both were identically priced. All three websites offered toys that were categorized as boy's or girl's toys. Marketing differentiation is a difficult task on the Internet, and will certainly come down to product placement. Shopping for an erector set simply by narrowing the age group or shopping a department would take more time and patience than any child or adult would expend. However, all three sites have an easy to use site-specific search engine. By entering the word 'erector', all three sites returned their selection of erector sets. However, there were significant differences in the results. While etoys.com listed 3 different erector sets priced between $40 and $100, fatbraintoys.com listed 20 different sets in the range of $18 to $90. However, though toysrus.com only listed 8 different sets, they covered the wider price range of from $20 to $300. Clearly, when a consumer is shopping for a

Risk management and hedging

Risk management and hedging Risk Management And Hedging In Derivatives Market Risk management can be undertaken in several different manners, which often depends on the structure and initiatives for the specific firm. One commonly used approach is to hedge in the derivatives market, which consists of futures, forwards, swaps, CFDs, warrants, convertibles and options. Derivatives are financial instruments whose value and performance depends on the value of underlying assets, for example equities, stock market indices, exchange rates, commodities etc. The main argument for hedging is for companies to minimize risks that may arise from interest rates, exchange rates, and other market variables and volatilities. By engaging in derivatives companies manage their various risks by hedging a position, to be more certain what the outcome will be. For example, one can hedge a certain amount of currency at a future point in time, in order to know exactly how much that will be received/paid at the specific time thereby avoiding the risk of losing value because of the exchange rate risk. There are however also arguments against hedging in the derivatives market. Establishing hedging programs may be very costly, and if there are alternative and more cost efficient ways to reduce risks, such as operational and financial strategies, that could be preferable. Furthermore, sometimes hedging may lead to losses even though there is a gain on the underlying asset, which is a scenario that is difficult to explain to stakeholders. If losses appear too often, this could cause mistrust from the shareholders, and should then be avoided. One has to consider the overall trade-off between costs and savings when engaging in hedging to manage and reduce risks. It is therefore also necessary for management to undergo thorough risk assessments and to construct firm specific schedules, in order to identify the most significant risks and subsequently to establish risk preventing actions. Hedging is in addition mostly used by institutions that are extensively exposed to the various busines s and market risks, and who most of the time would benefit from undertaking such actions. However, derivatives may also be used by the private sector if necessary. The article Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry by Peter Tufanoexamines a new database that details corporate risk management activity in the North American gold mining industry. The article claims that academics know remarkably little about corporate risk management practice, even though almost three fourths of corporations have adopted at least some financial engineering techniques to control their exposures to intresest rates, foregin exchange rates, and commodity prices. There is little empirical support for the predictive power of theories that view risk management as a means to maximize shareholder value. The article furthermore describes risk management practices and tests their conformance with existing theory by analyzing an industry that seems almost tailor-made for academic investigation: the North American gold mining industry. These firms share a common and clear exposure in that their output is a globally traded, volatile commodity. Firms can manage this exposure using a rich set of instruments, including forward and futures contracts, gold swaps, gold or bullion loans, rolling forward commitments called spot deferred contracts, and options. Perhaps most importantly, firms in the gold mining industry disclose their risk management activities in great detail. The gold industry has embraced risk management: over 85 percent of the firms in the industry used at least some sort of gold price risk management in 1990-1993. Using industry-specific measures for firms exposures, cost structures, and investment programs, Tufano tests whether cross-sectional differences in risk management activity can be explained by academic theory. For example, theory predicts more extensive risk management by firms more likely to face financial distress, which in this industry can be measured by operating costs and leverage. Other theories posit that corporate risk management activities might be linked to risk aversion of corporate managers, and the form in which they hold a stake in the firm. These theories would predict that firms whose managers hold greater equity stakes as a fraction of their private wealth would be more inclined to manage gold price risk, but those whose managers hold options might be less inclined to manage gold price risk. This article tes ts the predictive (as compared with the prescriptive) power of the various theories, i.e., whether they help describe the choices made by firms. He finds that gold mining firms risk management decisions are consistent with some of the extant theory. Managerial risk aversion seems particularly relevant; the data bear out Smith and Stulzs (1985) prediction that firms whose managers own more stock options manage less gold price risk, and those whose managers have more wealth invested in common stock manage more gold price risk. These results seem robust under a variety of econometric specifications, and using a number of alternative proxy variables. In contrast, theories that explain risk management as a means to reduce the costs of financial distress, to break the firms dependence on external financing, or to reduce expected taxes are not supported strongly. He also finds that firm risk management levels appear to be higher for firms with smaller outside block holdings and lower cash balances, and whose senior financial managers have shorter job tenures. â€Å"Managing Foreign Exchange Risk with Derivatives†by Gregory W. Brown is a field study of HDG, a multinational manufacturing company of durable equipment with sales in more than 50 countries that actively encounters 24 different currency exchanges. Although multinational companies like HDG are always exposed to foreign exchange risk, this is one of very few studies that investigate the risk management operations for a non-financial corporation. Since multinational companies tend to be very complex, while using multiple strategies, a field study of this nature provides a deeper understanding of how the risk management process works. Dr. Brown attempts to answer to three main questions. First he wants to understandhowthe Forex risk management program is structured; second,whythe firm focuses on management of exchange risk; finallywhatHDG uses within their hedging derivative portfolio in order to minimize their foreign exchange risk. In order to get a comprehensive understanding Dr. Brown investigated HDG over 14 quarters starting from 1995 and ending in 1998. The structure of HDGs foreign exchange group consisted of 11 employees who were not considered â€Å"traders†, with an average experience of 4 years, whose focus was not only hedging foreign exchange risk. The program cost which included salaries and overhead was approximately $1.5M annually, and the overall transactional costs averaged around $2.3M annually. HDG had an actual foreign exchange risk policy which focused to reduce transactional, translational, and overall economic exposures. In order to meet this policy the group actively engaged in spot and forward contracts, currency put option, and currency call options. Traditional economic theories usually illustrate hedging Forex risk for benefits such as reducing taxable income, protecting against potential costs of financial distress, and reducing overall volatility of wealth. HDG however, focu sed its risk management program on smoothing out earnings impacts, providing the company with competitive pricing, and enabling improved internal control management. In some ways it seemed that HDG was attempting to use Forex risk hedging in a speculative attempt to increase potential income and thereby increase overall firm value. The procedure used in Forex risk hedging was quite simplistic. The department would not use live market feeds but rather sources such as Bloomberg to signify a â€Å"hedge rate† from current market rates and overall cost of derivatives. This information would then be passed onto the tax department and after review would be developed into a hedging strategy to forecast future hedging activity. Browns statistical studies of HDGs hedging activities concluded that the models R-squared value increased as the time horizon decreased. This indicated that the companies hedging activity was dramatically affected by its most recent hedging transactions. This may seem rather obvious but the strongest tests only indicated 55% in accuracy. In all Brown explains there is much more in the way of testing that needs to beconducted in order to better evaluate which additional factors significantly influence the Forex risk management of multinational non-financial companies. This study should be the start of a new investigation in understanding currency risk perspectives. In Risk Measurement and Hedging: With and Without Derivatives, Petersen and Thiagarajan (2000) explore the reasons for two gold mining companies to use opposite approaches in managing their risk, namely American Barrick, which aggressively hedges its gold price risk with derivatives, and Homestake Mining, which uses no derivatives. By studying two firms from the same industry, which hardly has any variation in product quality, the fundamental differences that lead to the different approaches in risk management can be examined. Homestake Mining is focused on developing its own properties and hence, spends more on exploration costs (capital and labour costs), which makes high gold prices profitable if they are not correlated with exploration costs. The greater need of investment capital Homestakes Mining has when gold prices are high makes reductions in the volatility of operating cash flow less valuable to it as a complete hedging would take cash flow away when gold prices are high, i.e. when Homestake Mining is in need of it. The different opportunities companies possess of also explain some reasons for different risk management strategies. Homestake Mining has for example lower costs of adjusting the mining output than American Barrick as the former can (over a short period) alter the quality of the ore that is mined. This mining strategy creates costs that vary positively with the price of gold and thus provides the firm with a natural hedge, which American Barrick does not possess of. As managers will act differently according to the risk they are personally bearing, compensation strategies is of upmost importance when it comes to risk management. Both the American Barrick and Homestake Mining use options to link the managerial wealth to the shareholder wealth, however, American Barrick does so more intensively. Also, its compensation is equity-focused where the bonuses are linked to the stock values, whereas Homestake Miningss bonuses are linked to the profitability, which explains why the latter adjusts its costs as gold prices change. The earnings are quite volatile, however through this can be reduced by different choices of accounting techniques, which is the reason for Homestake Mining to changes them in opposite direction to gold prices, where American Barrick rarely alters its accounting choices at all. From the above findings one may conclude that the choice of managing risks depends on various firms specific characteristics; their firm structure, management contracts and incentives. Specifically, it is a matter of the trade-off between costs and savings/benefits. Establishing and maintaining derivatives program is often quite costly, and therefore the alternative of using other methods to hedge risks may be preferable. In the article Hedging and Coordinated Risk Management: Evidence from Thrift Conversions, the writers argue that the firms risk management can be used to reallocate the firms total risk between different sources, rather than reduce it. So in this case hedging doesnt necessarily equal total risk reduction as often stated, but rather a technique of risk-reallocation or as an essential part of a firms profit-maximizing strategy. This becomes clearer if we separate risk in to two types, based on the activities where the firms have their comparative information advantages, namely: -Core business risk: Firms earn rents or economic profit for taking on activities bearing this risk. -Homogenous risk: Financial risk as interest rate changes, foreign currency exchange rates, or commodity prices. By contrast there is no compensation for bearing this kind of risk. (This doesnt necessarily apply if the firm has a comparative information advantage in the financial risk sector, then financial risk can then become core business risk. If we now consider a risky asset, it may be viewed as a portfolio of multiple claims from the owners. These claims are bundled together which basically means that the firm must take on all the projects if it wants any of them. A subset of these projects may be â€Å"core business projects† which have a positive NPV for the firm, and the remaining subset may be projects bearing homogenous risk with NPV = 0 (the firm hasnt any disadvantage/advantage compared to others in assessing the unsystematic risk). The total variability of a portfolios cash flow of course includes both risk types. An example of this could be a farmer expecting payment for breeding pigs. Then his superior equipment or animal feed preparation would be categorized as activities bearing core business risk, while the price of pork would be homogenous risk. When increase in total risk is costly, risk composition becomes more important as the firm value becomes a concave function of the expected cash flows. Therefore if the risky asset was separable (which it is not), we would only seek to invest in positive NPV projects with core business risk. However this is not the case and therefore we can instead make a trade off by decreasing homogenous risk while gaining additional exposure to core business risk and still maintain the target level of total risk. This substitution is called â€Å"coordinated risk management† and can be attained by the use of derivatives. They test for coordinated risk management in a sample of thrifts that convert from the mutual to stock form of ownership. These conversions have been used to recapitalize the thrift industry since 1982 where legal barriers were cleared. From 83 to 88, 571 conversions issuing stock totaling over $10 billion were completed, compared to only 130 mutual-to-stock conversions between 75 and 82. At the end of 82, stock saving and loans managed only 30% of the industrys assets, but by the end of 88, stock saving and loans controlled 74% of the industrys total assets, going from $686 billion to $1,4 trillion. These converting thrifts provided an interesting sample to test whether the use of hedging can be part of an overall strategy to increase total risk. They argued that converting thrifts will attempt to increase their overall level of firm risk following conversion due to changes that occur at the time of conversion. In other words, these institutions are a unique case relative to empirical studies of risk management that focuses on firms with incentives to decrease total risk. The reasons for converting institutions to increase total firm risk are likely because of these two major reasons: 1. A converting institutions ability to take risk increases at the time of conversion, even though the investment opportunities do not change. This is because conversion provides financial slack and access to capital markets. A conversion typically proceeds at least the book value of equity of the mutual thrift. Assuming that pre-conversion mutual equity meets regulatory capital requirements, doubling the capital ratio creates a larger borrowing capacity that can be used to double the asset size of the thrift. Increasing thrift size does not necessarily imply an increase of thrift risk. However, thrifts usually have incentives to grow by investing in riskier assets because of flat deposit insurance premiums that allow thrifts to shift risk to the government. 2. Converting institutions are predicted to increase the total firm risk following because of the change in their managers incentives for risk taking. Before the conversion, managers receive a fixed salary. But upon conversion, shareholders are able to include stock and stock options in a managers compensation contract, aligning the managers interest with the shareholders. In this situation, the manager will typically be more willing to take risks in order to maximize firm value. The Test Schrand and Unal has used sample data from conversions completed between January 1, 1984 and December 31, 1988. They have also made some selecting in the sample excluding the supervisory mergers and merger-conversions. Also they further exclude smaller companies by having a minimum limit of $100 million among the sample companys. As of the methodology Schrand and Unal have used a quantitative time-series study, where they have analyzed the changes in total risk, interest-rate risk and credit risk using an ordinary least squares method. The model is a form of a least squares method where they have added the term Time(t+k). The extra term is an indicator variable which is equal to one if quarter t is k quarters from the conversion quarters, and if not the term equals zero. As of the independent variables in the model, they can be seen as tests, indicating the differences between the risks of the average converting institution and the risks of the average institution in the control group. However the model doesnt indicate whether the interest risk and credit risk are coordinated. Therefore Schrand and Unal have used another model to analyze if there is an association between the interest risk and the credit risk. The model which is a pooled time-series cross-sectional regression is computed as follows: Here Schrand and Unal predict a positive slope between the interest risk (XSNET) and the credit risk (XSHIGH). The Empirical Results The study show that the converting institutions capital position increases with roughly 70 percent after the conversion. Also the study shows that the converting institutions significantly decrease their exposure to interest risk. However the Credit risk increases when converting, because of taking more risk in their loan portfolios. Further the study indicates that the investment patterns are related to the actual conversion rather than the time-trend within the industry. Also they conclude that the increased use of derivatives is a strategic decision and not a mechanical phenomenon. References Brown, G. W. (2001), â€Å"Managing foreign exchange risk with derivatives†, Journal of Financial Economics, Vol. 60, pp. 401-448. Naik, N. Y., and P. K. Yadav (2003), â€Å"Risk Management with Derivatives by Dealers and Market Quality in Government Bond Market†, The Journal of Finance, Vol. 58 (5), pp. 1873-1904. Schrand, C., and H. Unal (1998), â€Å"Hedging and Coordinated Risk Management: Evidence from Thrift Conversions†, The Journal of Finance, Vol. 53 (3), pp. 979-1013. Tufano, P. (1996), â€Å"Who Manages Risk? An Empirical Examination of Risk Management Practices in Gold Mining Industry†, The Journal of Finance, Vol. 51(4), pp. 1097-1137. Petersen, M. A., and S. R. Thiagarajan, (2000), Risk Management and Hedging: With and Without Derivatives, Financial Management, Vol. 29(4), pp. 5-30.

Comparing the Symbology and Imagery in T. S. Eliot’s Poetry Essay

In the poems â€Å"The Love Song by J. Alfred Prufrock,† written in 1910, published in 1915, and â€Å"Rhapsody on a Windy Night,† written in 1917, both of which were written by poet and literary-critic T. S. Eliot, the symbolism and imagery of the women represented in mythological means, the locations and landscapes that both protagonists wander through or plan on going to, and the nature that is used in both poems are very similar, yet uniquely different. â€Å"The Love Song of J. Alfred Prufrock† is about a man with low self-confidence worrying about going to a party in the evening where he is sure that the women there with reject and ridicule him; â€Å"Rhapsody on a Windy Night† is about a man wandering his way back in the early hours of the morning to the place where he is staying. In â€Å"Rhapsody†¦,† the moon is featured as a forgiving woman, one who will not hold a grudge and gentles and watches over everything. She appears as a lonely woman, almost as one whose lover has left her holding and twisting a â€Å"paper rose that smells of dust and eau de Cologne† (Eliot 31). At the end of â€Å"The Love Song†¦,† the women are represented as mermaids, sea-girls. They put the men under a spell, for lack of a better word, â€Å"We have lingered in the chambers of the sea/ By sea-girls wreathed with seaweed red and brown/ Till human voices wake us, and we drown.† The last line makes them seem like Sirens. In both poems the women are featured in strong mythological terms. Mythology, legends, etc. have always appealed to the senses. They are timeless, and involve adventure, romance, magic, loyalty, betrayal, wars, and mystery, all of which are qualities that strongly appeal to our senses, while also being riddled with symbol s and hidden meanings (Melinda-Landa... ...Works Cited Chopin, Kate. The Awakening. New York: Avon , 1972. Print. Daly, Kathleen N., and Marian Rengel. "A-to-Z Entries." Greek and Roman Mythology A to Z. New York: Facts On File, 2004. Print Eliot, T. S., and Peter Washington. â€Å"Prufrock and Other Observations.† Eliot: Poems and Prose. New York: A. A. Knopf, 1998. 13-19, 29-32. Print. Hanegraaff, Wouter J. "The Nature of Reality." New Age Religion and Western Culture: Esotericism in the Mirror of Secular Thought. Albany, NY: State University of New York, 1998. 154. Print. Hard, Robin, and H. J. Rose. "The Younger Olympian Gods and Goddesses." The Routledge Handbook of Greek Mythology: Based on H.J. Rose's "Handbook of Greek Mythology" London: Routledge, 2004. 187. Print Homer. "Book Twelve." The Odyssey. Trans. Robert Eagles. London: Penguin Group, 1996. Print.

Problems why Students fail? Essay

Do you know the problems students face during their college? Does it affect every inch of you when it comes to different aspects of being in student’s college life? Have you ever notice these problems and what do you do in order to cope up with it? Can you give the problems college students’ face? Are you already aware of it or not? Starting college is a difficult decision to be made. But after finishing it, all of the problems we faced will worth it. Being in college can bring much anxiety in the heart of a new college student because of all the unknowns and hidden things behind. â€Å"What should my major and course be? Will I meet good friends of mine? How will I find time in all of my lessons? What are the things I should be aware with?† College life is a practice to those students who wants to be successful in their lives in the future. Academics and extra-curricular activities should be managed well. That is why students should be shaped and taught about being aware of opportunities. There are lots of challenges a college student might face but in order to survive, he must first learn to sacrifice. There are problems we may encounter during these years tat is why we should embrace all the things that may arise. Students must be brave and strong enough to face those challenges that will come ahead. This book focuses on The Different Problems of College Students. It contains ten (10) chapters which are presented on the table of contents. Being a college student is a stepping stone in reaching and getting what you want in life afterwards. If we compare our Pre-school, Kindergarten, Primary and Secondary levels of studying. It is the Tertiary level or the college level that plays very important, amazing and hardworking tasks in accomplishing our goals. Acknowledgement This book gives information to all college students who experience different problems in their study. The authors of this book are also a student that is why it became easier for them to write a book like this. But not all the credit is for the authors, there are people behind the success of this book. The authors of this research would like to thank different people who had been part of this book. First of all, the authors would like to thank Mrs. Evangeline Leonardo who encourage the researchers to make it finish despite of difficulties in preparing it, different problems happened while starting this book, but Mrs. Leonardo became an inspiration to the researcher she said â€Å"When you start something make sure that you will finish it†, this message from her became the motivator to the researcher to finish this book. Secondly, the authors would like to thank their parents for always  understanding that writing a book like this is a difficult one, their parents became more supportive to them. Having supportive parents became an advantage to finish this book. To BSA-102, authors would like to acknowledge their section Bachelor of Science in Accountancy, 102 who became an inspiration to them to make recognition for their course and to make their section be proud of what they had done in this book. And lastly, the Lord and God who gave this group especially the leader the strength and guidance in order to be successful on this project. About the Authors Balmores, Donabelle – is a 17 year-old girl who graduated at Taà ±ong High school. She was born on February 15, 1996. She lives in Industrial Valley Complex, Marikina City. She wants to be a professional Accountant and Architect someday. She is kind, loving, understanding, serious, funny and awesome. She loves to travel a lot with the ones she love. She has many dreams but she plans it to be one step at a time. Her parents are Leonora Japson and Jefferson Japson. Padua, Julie Ann L. – is a 16 year-old girl who graduated at Antipolo National Highschool who wants to be a Fashion designer someday. She is small but intelligent, industrious, jolly and friendly, transparent, cute and thoughtful. She was born on July 4, 1996. Her parents are Gracia Padua and Louie Padua. Cruz, Jenny Ann C. – is a 17 year-old girl from Malanday, Marikina City. She was born on November 29, 1995 and graduated at Malanday National High school. She wants to be a CPA someday. She is a simple person, talkative and prayerful. Before she closed her eyes, she always prays to God to give him strength and guidance. Her parents are Jennifer Cruz and Efren Cruz. Edillor, Monna V. – is a 16 year-old girl who graduated at Silangan National High school. She lives in Tierra Monte, Silangan San Mateo. She wants to have a better future and to be a CPA someday. She was born on June 20, 1996. She is a simple girl, sometimes naughty, caring, loves to eat footlong and spaghetti. She is also a very jealous person and quick tempered. Her parents are Rosie Edillor and Ramon Edillor. Eroles, Melanie R. – is an 18 year-old girl from Ampid I, San Mateo Rizal born on January 21, 1995. She finished 1st year-3rd year high school at Sta. Cruz Institute, Marinduque. She graduated at St. Mary Integrated Learning School. She wants to achieve her goals and to be a CPA someday. She is simple, serious, and funny at times, quick tempered, loves playing and eating burger. Garcia, Beverly O. – is a 16 year-old girl who graduated at Fortune High school. She wants to be a programmer and encoder. She loves being polite and obedient. She was born on May 8, 1996. Her parents are Cherry Garcia and Pedro Garcia. Letada, Jessa Lynel N.- is a 17 year-old girl from Farmers 2 Tumana, Marikina City. She graduated at Central for Positive Futures and wants to be happy and successful enough according to my goals. She is tall, serious and happy person.Her parents are Lilibeth Letada and Arnel Letada. Macaraeg,Ara Mia Julian C. – is a 17 year-old girl born on December 5,1995 who graduated at Taà ±ong Highschool and lives in Taà ±ong, Marikina City. He wants to be a CPA someday. She is serious, moody, sometimes funny, simple and kind. She doesn’t care about what people might tell her but it doesn’t mean she has nothing to say in return. Her parents are Almira Macaraeg and Aaron Macaraeg. Medina,Jr., Maximino F. – a 16 year-old boy who is studying in Pamantasan ng Lungsod ng Marikina. He was born on May 13, 1996. She is a typical college students who is not smart but can absorb ehat the proctor teaches. He is sometimes a lazy student. His parents are Maximino Medina Sr. and Ma. Corazon F. Medina. Boredom in school has different causes that make a student do badly in their learning habit. Its causes could be a simple disinterest. Its effects would either make their school life not so good or their career not so productive. However, this study topic about boredom might not be too interesting to some students. But this would let them know that simple things like boredom could affect their lives. CAUSES OF BOREDOM There are many causes of boredom that a student acquires. There are also such simple factors of becoming bored because of little bit complicated causes that are not popularly known. It is important to have knowledge of a cause of a specific matter. That knowledge would give an idea on how to prevent being bored. Less enjoyable things and topics Topics or lack of challenge can cause boredom. Students become bored if they already know the topic being covered in class. Gifted student, for example grasp concepts easily and quickly and exhibit skill proficiency beyond their grade level. Boredom in school is also caused by lack of application of knowledge and some students might think that subjects or topics they are learning are not relevant to their lives and future careers. Atmosphere and weather The atmosphere and weather are also factors of being bored. For example, for the month of March, students could feel the summer heat; therefore, they cannot focus more on the topic in their class. Thus, it makes them bored once they’ve realized that they cannot cope up with the lessons. Impaired ability of a student to actively focus One more cause of boredom is the impaired ability of a student. Some examples are: Non verbal Learning Disorder (NLD) that impairs a person’s ability to solve problems, think critically or creatively, form concepts and reasons. Attention Deficit Hyperactivity Disorder (ADHD) and Attention Deficit Disorder (ADD) are similar diseases that rob students of the ability to pay attention in class and complete assignments. DISADVANTAGES OF GETTING BORED Effects of boredom would never have any advantages. Unless being on a fantasy-like situation. Boredom makes students do things that is unnecessary for a student to do. Boredom also redirects the students’ attention or focus away from the lectures. Low test scores Boredom may lead students to fail in class by having low test scores. Low test score may be the effect of not being interested in class or not paying attention at all. Poor stability and retention of material Poor retention of materials used in lectures is also a factor of having low grades. Understanding a book or any materials that is used in lectures is important. Those who are too lazy to read the material or cannot cope up with the topic in the book would surely feel bored. Of course, listening to the teacher while reading cannot help you to follow on the discussions properly. Drop-outs Drop-outs may occur if the students are not willing to participate or focus on their learning. However, dissatisfaction with the variety of classes offered, lack of application of knowledge, and disinterest in classes were more common among those who drops their school. EFFECTS TO STUDENTS Most of the students would normally care less about the reason of being bored. However, they are pretty much aware of the effects of it to them. Declination to contribute in country’s productivity Effects of boredom may come to the point that in the future after they graduate, they would not be contributing to the productivity of their country. Failure to reveal skills to succeed in work place Boredom also prevents them to acquire the skills they need to advance in their work that causes poor job performance. Without the skills they need, their workplace, school works, or anything that requires focus will make it hard for the students to finish it without mistakes. Failure to apply themselves in class However, being a student or an employee, boredom surely causes them to fail to apply themselves in their class or workplace. For a student, being so much bored that they are not focusing on the lessons because they are no more interested in it, they cannot participate in recitations and activities. POSSIBLE SOLUTIONS TO HELP STUDENTS Possible solutions that students does to avoid boredom are: reading books unrelated to class, do homework for other class or subject, and chat with their peers. Some could just grab a book; do productive things that could at least satisfy their being bored state. Read books unrelated to class to satisfy yourself Reading is a hobby for many because people lose themselves in an imaginary world as they read. Reading is a good discipline. Reading books that catches your interest surely gets rid of your boredom. Do home works for other classes Home work relieves boredom because it exercises brain capacity and keeps you busy. Doing homework when bored is a good thing to do. Create an artwork Try painting and other recreations to be entertained. Make a collage of your photos or cut-outs from magazines. Draw a sketch. Use watercolors or crayons for your masterpiece. It’s your time to get creative. CHAPTER 9: LACK OF SELF-CONFIDENCE Lack of Self Confidence is having an overall negative view of you, judging oneself or placing a negative value on oneself as a person. A student’s self confidence has a revealing in everything that she/he does. Because of the lack of self confidence, a student can’t have a good academic performance and there’s a possibility that it can lessen a student’s passion to learn and their ability to focus and their willingness to take a risks. A student can have a low self confidence if she/he experience different problems. For example, Accommodations unnecessarily on negative occasions such as failures and disappointments, instead of using the event as a learning experience she/ he choose to think the negative side and also the fear of failure. There are many reasons why a student can’t develop their self confidence. CAUSES OF LACK OF SELF-CONFIDENCE There are many reasons why students lack self confidence. They are based on the experiences you’ve had in life, and the messages that these experiences have given you is the kind of person you are. If your experiences have been negative, your beliefs about yourself are likely to be negative too. These three causes that are prepared is one of those reason why the students has a low self esteem. Setting of unrealistic goal Some students think of the thing which doesn’t really exist or happened. Sometimes they just came up on realizing that it is just an imagination and untruthful. For example, you are the student ad you have your final examination tomorrow but unfortunately you don’t want to review your notes and you’re trying to expect you would pass your exam. As we can see, this can’t be happened unless you are a genius student who doesn’t need any materials because of your stocked knowledge. Another example is when your goal is to become a CEO of a company but you have no experience yet, this goal is not realistic because before you became a CEO you need to have lot of experiences first. Lost of a family member Secondly is the lost of family member, maybe experiencing very traumatic incident may cause decrease in self esteem. For example, after witnessing the death of a mother knowing that they are very close can lead to a feeling of being alone. This can cause hard feelings to a child because she felt like everybody can’t understand her feelings so as a result, her motivation to studies does not go strong. Past experience of failure Third and last is Past experience of failure in a exam, if a student experience that, it can cause a low self esteem. For example, every time that he takes an exam he always gets a failed grade and because of that his confidence is goes down. This is the common reason why students get tired in their studies. This is also can cause a lack of confidence because of the reason that he encounters especially during taking of exams. We all feel afraid some times or the other. At times, because of fear of failure, we do not master courage to try out new things. People generally challenge their own potential to avoid facing any larger failure in life. Failure is generally synonymous with lack of confidence in your own abilities. A lot of people go through this feeling of fear of failure. CLUES TO KNOW IF YOU LACK SELF-CONFIDENCE Self-confidence is the specific drive that brings students in greater heights. People, who are not blessed with those skills, are able to get to the top because they feel and believe that they can do it. Self-confidence is an invisible motivational drive that will make things happen and turn the impossible into a possibility. Self-confidence empowers people beyond their expectations, and if you lack self-confidence, then you are taking away your chance to go the distance. People see you as defensive Some student is become defensive if there’s a thing questioning to them. It can cause a bad or a good reason depending on the answers. Being defensive is also a reason why the self esteem of a student is goes down because sometimes being defensive is not good characteristic to achieve your self esteem. Sometimes student use the defensive way to cover something what is real and too much of being defensive is not good unless things are not real. You give reason for your action unnecessarily You can do other way, you can use explanation and this is a good example. If you think your action is good and others think it is bad try to explain to them to understand it. Explanations are better than being defensive. WAYS TO HELP YOU ENHANCE YOUR SELF-CONFIDENCE To develop the self confidence of a student, you need to focus on the things that can help to improve your self confidence. Improving your self confidence increases your confidence and it is a first step towards finding happiness and a better life. Look at your strength and not your weaknesses Look at your strength and not your weaknesses every time you encounter different problems. Think positively about yourself to counteract it and do the things that give you a good and inspirational feeling. Focus on the positive way not the negative to achieve your goals and dreams in life. Make the decision carefully and do it right. Start thinking positively about yourself Start thinking positively about yourself and make a list of all your positive traits that can help to you develop yourself. You can also ask your friends about your positive traits and this will be helpful to you because it gives to you more idea on what to do and it will help you gain confidence. And you’ll be positively surprised at how many good traits that you have. Act as if you’re confident Don’t be harsh to your decision because being harsh is a wrong move and it gives to you a stress feeling. You can also ask your friend for a suggestion about yourself and to be a more confident student you can express your feelings to others, study your lesson, having fun, and try to become friendly to others. Always think that every trials and hindrances came there has a solution. Like others say, problem is exists because they have a solution. NATURAL REMEDIES Life coaching Life coaching is one of the best tools to improve your self confidence and your set realistic goals. Life coaching is best for the students who have a low self confidence why? Because life coaching helps you to become more proud to your self and it gives to you different ideas to resolve your problems. It is also different from consulting, mentoring, advice, and therapy or counseling. The coaching is a process addresses to a specific personal projects, studies successes, general conditions and transitions in the student life, relationship or profession by examining what is going on right now, discovering what your obstacle or challenges might be and choosing a course of action to make your life be what you want it be. CHAPTER 10: LACK OF MOTIVATION One of the most common problems students face in college includes lack of motivation. As we all know, college life is different from high school and elementary levels. In here, students are free to do what they want. They can get away from their parents, live in dormitories, drink freely and hang out with friends. But aside from that, college students can also experience different frustrations and pressures in studies. There are times when they also feel so bored, tired and weak. This is due to lack of motivation. Motivation is the internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role or subject, or to make an effort to attain a goal. CAUSES OF LACK OF MOTIVATION Because of the different factors that affect students in focusing in their studies they continuously undergo to lack of motivation. Sometimes due to their friends, they are being influenced not to make their tasks. Among the causes of lack of motivations are depression, fear of failure, low self-esteem, lack of interest, and stress. Depression Depression is a medical illness that causes a constant feeling of sadness and lack of interest. It affects how the person feels, behaves and thinks. Usually it is being experienced by college students especially when they are far away from home. They tend to feel alone and homesick. Others get depressed because of financial problems, relationships and studies. People with depression find it hard to go about their day-to-day activities. Sometimes they might also feel that life is not worth living. One of the most common symptoms of depression is called anhedonia, or the lack of interest in activities, especially ones that once used to be pleasurable. Depression can wreak havoc on academic and professional success. Treating the depression generally has a very positive effect on motivation and productivity. Fear of failure Some people have a character of being a perfectionist. It means they always want things to be perfect. For them mistakes are failures. This develops an inherent fear of failure, which is presented by avoiding work. Instead, people who are afraid of failing avoid the goal feels safer than trying and not succeeding. This attitude must be change because it will lead to taking things for granted. Students feel the pressure when there are tasks assign to them. They feel nervous whenever the deadline comes. Because of fear to fail in their fields they just simply make things easily in a sense that they do it quickly. This results to unsightly work. Furthermore, there are also students that because of fear to fail did not want to engage in any works. They don’t want to try before quit. Therefore they inclined to lost interest and also lost motivation. Low self-esteem Another cause of lack of motivation is self-esteem. People who have low self-esteem tend to believe that they are not capable of succeeding and often self-sabotage. They will miss deadlines, procrastinate, double-book or put in minimal effort so that the project or task is not perfectly complete, there is something else to blame. Aside from that, low self-esteem decreases a person’s self-confidence. Deflecting personal responsibility helps preserve a delicate sense of self that comes with low self-esteem. Lack of interest Some tasks are uninteresting and that makes them difficult to engage in. Students require frequent rewards and if the school subject or project is not interesting enough, it is natural to not participate in it. This becomes especially problematic when students are involved in major, class or career that is uninteresting. Their attention will be diverted elsewhere, resulting in poor grades or low performance at work. Stress Stress takes up a significant amount of cognitive and emotional bandwidth. Some people cope with stress and feeling overwhelmed by avoiding deadlines or finding triggers to engage in substance use again. Lack of sleep due to stress or overwhelm can also make it difficult to feel motivated. While a person is stress they cannot focus on their works and lose a chance to do their task properly. Students mostly college students are prone to this kind of problem. This is because they are busy in their studies, projects, home works and other activities that can generate stress. In fact, students who are stress-out might also be depressed due to frustration. To avoid being stress you need to give yourself some time to rest and have enough sleep everyday. TECHNIQUES TO HELP YOURSELF GAIN MOTIVATION From our previous lessons we discussed about the different causes why students lack on motivation. For us to overcome this problem we must follow some techniques to help you gain motivation. Develop a primary goal It is important for a student to build or set up a primary goal. This will help them to get motivated and develop themselves. The most common mistake that we make is that we try to take on too many goals at once. One example of this is my experience. At times I always set up too many goals to achieve. I always say to myself that I can do all of this but later I find myself stuck up and finish nothing. I realized that I cannot maintain energy and focus in the goals that I want to accomplish. So it is really necessary for us especially to students to choose one goal and concentrate on it. This will help you to make things always on the line and help you do other goals. Meditation Based on my experience it is really hard to change your habits. It requires great effort in order to get motivated. As students we should always keep our mind fresh for us to have a good outlook in life. Meditation can be a great way to relax and de-stress, as well as to create emotional and spiritual well being. If you’re a person who loves studying or workaholic, you probably don’t have much energy left to feel motivated. If that’s the case, you need to slow yourself down and let your mind relaxes so you can rejuvenate and reenergize your body. Meditation helps you do both of these things. It gives you the opportunity to let your stress and anxiety seep out of your body and allows you to decompress and find the energy to reach the goals you have set for yourself. So, take a few minutes and just breathe. Let out the negative and let in the positive. If you want to stay motivated, you have to work at it. And if you follow this activity, your mind will make motivational thinking a habit. Before you know it, your dreams will be a reality. Fortunately, meditation may help you overcome these same scarcity conversations in your head. Now if you could just start meditating you will also be able to find inner peace. Be physically fit Even though students are busy in their studies and other activities, they should not forget to take care of themselves. They must stay strong, healthy and physically fit. A person who is physically has much higher energy than those who does not engage in physical activities. Exercising is a good example of making your body glowing. It is not just about aerobic capacity and muscle size. Surely, exercise improves your health but it has even greater benefits for your energy, mood, and brain power. In addition, eating plenty of vegetables and drinking 8-10 glasses of water will contribute to your body’s growth and development. This will help you gets motivated in every action that you obtain. Conclusion Every student should acquire or should know the proper applying of decision making in able for them to assess their expected outcomes. Decision making can make your life easier and full of happiness if you just practice controlling and managing your decisions wisely. Every problem in college life has its own solution, the only thing we need to do is to know and find it. The tips and advices in this book can help you to your problem as a college student but the only one who can really solve your problem is your own self. Money Management is a very effective way to make your budget last up to last day of the month. Although it is difficult to achieve, you’ll start making hard decisions, cannot go to all of your barkada’s hang-outs, but like all other things, we just need practice and be mindful of wherever our money goes. Money Management is very useful especially for students if they only know how to use it appropriately and it can help them to become smart in handling financial figures. It is only a problem when there is a shortage of money and an inappropriate use of allowances. The recommended tips on this book can help students to be guided in managing money. If it can’t really solve money shortage immediately, it can still become a basis for a college student in their first step in keeping their money in the right place. Our wallets may not have a stomach but it is always better if it is full. When we think on the positive side of pressure on studies, we  can definitely tell that it helps us to be matured and take the challenges we faced by encouraging yourself not to give up easily. Remember that when there is a problem there will always answer for that. Just take time and not decide urgent because when you decide when you’re under pressure you can think for the consequences of your decisions that you made. When you’re under pressure, take that as challenge for you to grow up. Pressure helps you to work hard on your work so be thankful. We can attain the things that we want to if we just strive hard. But also remember when there is positive, there is negative Peer pressure can be good or bad but it depends on the person that thinks about it. He can use it for the betterment of his future career or future life. It really plays a very big factor when it comes to the development stage mostly of the teenagers. Peer pressure is a part of every teenager’s life, this is where they find themselves and discover what kind of personality they have. Being a college student, having a relationship or falling in love to the opposite sex is an unavoidable thing. Relationship is good in the fact that this gives you a better determination in studying, somehow makes you feel better to school every day and to impress during class the one you love. But fails to know their limits lead to a very complicated situation which somehow leads to the destruction of your dreams. So it is always good to think a hundred times before engaging to those activities which is not yet ready or not yet allowed for both of you to engage with. Remember that when reality fails, nothing you could do in order to correct those wrongs you have done. Relationships are good, but sometimes it can be a problem. There are times in every relationship where a couple will have a disagreement or an issue. Disagreements between couples can distract students from their school work and add to already high stress levels. Break-ups can drive some students even further into depression. Depression is a distressing experience but there are many kinds of help available. Sadly, you may not always get the help you need, sometimes because you may feel too hopeless about your situation to ask. It can change lots of things in one’s personality, especially colleges. I think students should know their limits to handle the things that made them stress. Depression doesn’t have any positive outcome to us but sometimes we need to take the problems seriously, and treat them as a nature of every man. Think on the positive ways to solve it. Being bored is a choice that you make when the first thing or second you think of to do is unavailable to you. You’re left with things that you considered less enjoyable, and thus you’re bored. When I was in this situation, the solution to that problem was easy. I opened new doors. I looked for new things to do. Lack of Self confidence is one of the biggest problems of a student because being some students possesses and acquires this. There are many reason why students self confidence goes down. But in order to boost and develop your self esteem, you need the help of this book. Students need to develop their selves in acquiring confidence to achieve good grades and a better life in future. Everyone holds opinions about the type of person they are but keep in mind that these opinions are at the heart of self-esteem and it will affect how you feel about and value yourself. Self-esteem fixed your beliefs about yourself and it can change throughout your life as a result of circumstance and experience. If you have low self-esteem, these beliefs will often be negative. You may not focus on what you feel to your weaknesses and mistakes that you have made but to those strengths. Learned that Self-confidence is extremely important in almost every aspect of our lives, yet so many people struggle to find it. Sadly, this can be a vicious circle: People who lack self-confidence can find it difficult to become successful. Lack of motivation is the last topic that is discussed in this book. We know that we cannot avoid being lazy or having lack of interest in our works at times. It is normal, but making this a habit is not good. As a student we always have to be motivated in every action we do so that we can come up to a great work. Behind every goal that we desire to achieve motivation has been the influence behind it. Motivation is the force of life, and the drive of all actions. In order to succeed we have to push ourselves and take a lot of effort to motivate ourselves. Bibliography Student Orientation Programs – Introduction to College Life, Becoming Familiar with the New Environment, Welcome to the Community!, Conclusion – StateUniversity.com http://education.stateuniversity.com/pages/2462/Student-Orientation-Programs. html#ixzz2O0F1sjmX (http://en.wikipedia.org/wiki/Decision_making)http://www.mysahana.org/2012/04/six-common-reasons-for-lack-of-motivation/ http://www.inc.com/geoffrey-james/motivate-yourself-to-work-harder-6-tricks.html www.geocities.ws/lightningscattersdarkness/Boredom.doc en.wikipedia.org/wiki/Boredom Adjustment To College – Types of Adjustment, Services Available to Assist with Adjustment Students,Student,Social,andRelationshipsStateUniversity.com http://education.stateuniversity.com/pages/1735/Adjustment-College.html#ixzz2O50mwDkk http://www.aboutourkids.org/articles/transition_college_separation_change_parents_students http://www.thefreedictionary.com/sleeplessness http://www.helium.com/items/967588-anxiety-issues-among-college-students http://www.nelsonsnaturalworld.com/en-us/uk/a-z-of-ailments/emotional-health/lack-of-self-confidence/

A House for Mr. Biswas: Mr. Biswas’ Identity Struggle

Almost all the works of V.S. Naipaul have charaters who are poor and live in rural areas. Always these characters undergo trials and suffer identity crisis.The main protagonist, Mr. Mohun Biswas in V. S. Naipuls’ A house for Mr. Biswas, is not an exemption. â€Å"I am going to get a job of my own. And I am going to get my own house, too.† This vow of Mr. Biswas typifies his longing for freedom, social and family respect and acceptance that constitute his 40 year struggle to gain his own identity.The moment Mr. Biswas is born, he already has the burden of deformed identity that will make him feel that he does not belong: He is born with six fingers. â€Å"Born in the wrong way,† as they say. This alone alienates him from his peers and the society. Adding up to the injury, the attending midwife declares that they should be careful because Mr. Biswas, with his seemingly uncommon figure, will eat up his parents.As he grows up, Mr. Biswas experiences seemingly endless prejudices and ridicules. The community in which he lives in is bounded by traditional superstitions and caste discrimination; thus his misshapen fingers make him feel a real outsider.But misfortune is not only brought by his six fingers; they have been living in poverty even before he is born and their financial woe continues. In fact, it worsens that they hardly eat. Mr. Biswas becomes thin with stunted growth and acquires sores and eczema. This appearance of his heightens his insecurity and his alienation from the people around him.Poverty drives Mr. Biswas to seek employment. He is hired by Dhari to look after his calf. Finally, Mr. Biswas is exulted because someone trusts him. But it is only a short-lived glory as his clumsiness and low self-esteem make him lose Dhari’s calf. He runs away to avoid punishment. Mr.Biswas’ father drowns in the pond when he is looking for him in the forest. This fulfils one half of the midwife’s prophesy when he was born.Anoth er show of Mr. Biswas’ struggle for self-identity is when, in the classroom, he is forced to write â€Å"I am an ass† on the board. Although this is his punishment for disobedience, he will not do this if he has a strong confidence of who he is.The statement is downright degrading. Perhaps a physical punishment, like cleaning the room or running around the ground, is more fitting. This is more dignified than the self-inflicting defamatory words on the board.From here on, Mr. Biswas’ luck does not depend entirely on his own effort as destitution and inevitable consequences force him to live momentarily from one home to another, relying on other people’s aid to feed his stomach.Through this pitiful journey, amidst the manipulation of people around him, he holds on tightly to his principles and ideals; cluthcing to the thin thread of his identity, to his assumption that he, Mr. Biswas descended from noble families and not from common rural nobodies. He consi ders himself to be in line with the colonial tradition and language instead with the custom and tradition of other races in the island. This arrogance may heighten his feeling of alienation.

Anti Death Penelty essays

Anti Death Penelty essays Virtually every major program designed to address the underlying causes of violence and to support the poor, vulnerable, powerless victims of crime is being cut even further to the bone... In this context, the proposition that the death penalty is a needed addition to our arsenal of weapons lacks credibility... Scott Harshbarge, Attorney General of Massachusetts Across the United States, police officers are losing their jobs, prisoners are obtaining parole early, courts are clogging with cases, and crime is on the rise. Over two-thirds of the states use capital punishment, which is a grave mistake by any measure of cost effectiveness. The government spends hundreds of millions of dollars in order to punish a few individuals each year. Yet, these actions do nothing to slow the rise in violent crimes. Moreover, the death penalty has been used to portray toughness on crime, but it actually leaves communities worse off in their fight against crime. At the same time that states are pourin g money into the capital punishment black hole, lack of funds is also causing the criminal justice system to break down. Consequently, the public is left with fewer resources, which otherwise could benefit their entire community. Every working person in the United States pays taxes to fund the government. However, is the death penalty a cost-effective way to use the taxpayer's money? After evaluating the cost of the death penalty and the effects of paying that cost, one would agree that the death penalty is not a cost-effective way to fight crime and thus the government should abolish the death penalty. The death penalty is much more expensive than life imprisonment. In Texas, "the death penalty cost taxpayers an average of $2.3 million each year, about three times the cost of imprisoning someone in a single cell at the highest security level for 40 years." Death penalty trials are also longer and more expensive than ordinary murder trials. A North Carolina...

Discussion of Clinton v. State of New York essays

Discussion of Clinton v. State of New York essays The Constitution gives the President three discrete functions following bicameral adoption of a bill in Congress. First, he may elect to sign it. Second, he may veto the bill and return it with a statement of his objections to the house of Congress in which the bill originated. Finally, he may do nothing, in which case the bill becomes law without his signature, unless the Pocket Veto Clause applies. The Constitution proscribes in great detail how separation of powers, discussion, and many other things can be accomplished. The reality of the situation is that the system doesnt work perfectly and that side issues in the form of federal spending or regional issues almost always seem to slow the process of legislation. While the president has some veto power under the Constitution, there is always a great deal of time taken up with reforming, reformatting and rewriting proposed laws. The Constitutionality of the Line Item veto was decided on a federal level. U.S. District Judge Thomas F. Hogan said the law, centering on its violation of Article 1, Section 7 of the Constitution, violates the Constitution's requirement that the president sign or veto bills in their entirety. Judge Hogan said that the line item veto bill also gave the President part of Congress' lawmaking role (Biskupic and Barr, 1998). Judge Hogan pointed out two sets of challengers with standing. In New York City, two hospital associations and other related groups objected to Clinton's cancellation of a budget provision. This brought objections at the state and federal level. At the trial and appellate level The other case, Idaho potato growers brought suit, arising from the president's veto of a capital gains tax break for farmer cooperatives nationwide (Baum, 1998, pp 316 320). On the political face of it, the line item veto would seem to be a battle between pork and beef. Officers of the government have sought for generations to find a way to avoid t...

The Glass Menagerie, a Play by Tennessee Williams

The Glass Menagerie, a Play by Tennessee Williams The Glass Menagerie  play is a melancholy family drama written by Tennessee Williams. It was first performed on Broadway in 1945, meeting with astounding box-office success and a Drama Critics Circle Award. The Characters In the introduction of The Glass Menagerie, the playwright describes the personalities of the drama’s main characters. Amanda Wingfield: Mother of two adult children, Tom and Laura. â€Å"A little woman of great vitality clinging frantically to another time and place...†Ã¢â‚¬Å"Her life is paranoia†¦Ã¢â‚¬ Ã¢â‚¬Å"Her foolishness makes her unwittingly cruel†¦Ã¢â‚¬ Ã¢â‚¬Å"There is tenderness in her slight person†¦Ã¢â‚¬  Laura Wingfield: Six years out of high school. Incredibly shy and introverted. She fixates on her collection of glass figurines. She has â€Å"failed to establish contact with reality†¦Ã¢â‚¬ Ã¢â‚¬Å"A childhood illness has left her crippled, one leg slightly shorter than the other†¦Ã¢â‚¬ Ã¢â‚¬Å"She is like a piece of her own glass collection, too exquisitely fragile†¦Ã¢â‚¬  Tom Wingfield: The poetic, frustrated son who works at a mindless warehouse job, supporting his family after his father left home for good. He also serves as the play’s narrator. â€Å"His nature is not remorseless†¦Ã¢â‚¬ Ã¢â‚¬Å"To escape from a trap (his overbearing mother and crippled sister) he has to act without pity.† Jim O’Connor: The gentleman caller who has dinner with the Wingfields during the second part of the play. He is described as a â€Å"nice, ordinary young man.† Setting The entire play takes place in the Wingfield’s meager apartment, located next to an alley in St. Louis. When Tom begins narrating he draws the audience back to the 1930s. Plot Summary Mrs. Wingfield’s husband abandoned the family â€Å"a long time ago.† He sent a postcard from Mazatlan, Mexico that simply read: â€Å"Hello – and Good-bye!† With the absence of the father, their home has become emotionally and financially stagnant. Amanda clearly loves her children. However, she constantly reprimands her son about his personality, his fledgling job, and even his eating habits. Tom: I haven’t enjoyed one bite of this dinner because of your constant directions on how to eat it. It’s you that makes me rush through meals with your hawk-like attention to every bite I take. Even though Tom’s sister is painfully shy, Amanda expects Laura to be more outgoing. The mother, in contrast, is very sociable and reminisces about her days as a southern belle who once received seventeen gentlemen callers in a single day. Laura has no hopes or ambitions for her future. She quit her typing class because she was too shy to take the speed exam. Laura’s only apparent interest seems to be her old music records and her â€Å"glass menagerie,† a collection of animal figurines. Meanwhile, Tom is itching to leave the household and seek adventure in the wide-open world, instead of being held prisoner by his dependent family and a dead-end job. He often stays out late at night, claiming to go to the movies. (Whether or not he watches the movies or engages in some sort of covert activity is debatable). Amanda wants Tom to find a suitor for Laura. Tom scoffs at the idea at first, but by evening he informs his mother that a gentleman caller will be visiting the following night. Jim O’Connor, the potential suitor, went to high school with both Tom and Laura. During that time, Laura had a crush on the handsome young man. Before Jim visits, Amanda dresses in a beautiful gown, reminding herself of her once-glorious youth. When Jim arrives, Laura is petrified to see him again. She can barely answer the door. When she finally does, Jim shows no trace of remembrance. Out on the fire escape, Jim and Tom discuss their futures. Jim is taking a course on public speaking to become an executive. Tom reveals that he will soon be joining the merchant marines, thereby abandoning his mother and sister. In fact, he purposefully failed to pay the electricity bill in order to join the seaman’s union. During dinner, Laura – faint with shyness and anxiety – spends most of the time on the sofa, away from the others. Amanda, however, is having a wonderful time. The lights suddenly go out, but Tom never confesses the reason! By candlelight, Jim gently approaches the timid Laura. Gradually, she begins to open up to him. He is delighted to learn that they went to school together. He even remembers the nickname he gave to her: â€Å"Blue Roses.† Jim: Now I remember – you always came in late. Laura: Yes, it was so hard for me, getting upstairs. I had that brace on my leg – it clumped so loud! Jim: I never heard any clumping. Laura (wincing at the recollection): To me it sounded like thunder! Jim: Well, well, well. I never even noticed. Jim encourages her to be more self-confident. He even dances with her. Unfortunately, he bumps a table, knocking over a glass unicorn figurine. The horn breaks, making the figurine just like the rest of the horses. Surprisingly, Laura is able to laugh about the situation. She clearly likes Jim. Finally, he declares: Somebody needs to build your confidence up and make you proud instead of shy and turning away and- blushing- Somebody ought to- ought to- kiss you, Laura! They kiss. For a moment, the audience might be lured into thinking that everything will work out happily. For a moment, we can imagine: Jim and Laura falling in love.Amanda’s dreams for Laura’s security coming true.Tom finally escaping the â€Å"trap† of family obligations. Yet, a moment after the kiss, Jim backs away and decides, â€Å"I shouldn’t have done that.† He then reveals that he is engaged to a nice girl named Betty. When he explains that he will not be back to visit again, Laura bravely smiles. She offers him the broken figurine as a souvenir. After Jim leaves, Amanda scolds her son for bringing an already-spoken-for gentleman caller. As they fight, Tom exclaims: Tom: The more you shout about my selfishness to me the quicker I’ll go, and I won’t go to the movies! Then, Tom assumes the role of the narrator as he did in the play’s beginning. He explains to the audience how he soon left his family behind, running away just as his father did. He spent years traveling abroad, yet something still haunted him. He escaped the Wingfield household, but his dear sister Laura was always on his mind. The Final Lines Oh, Laura, Laura, I tried to leave you behind me, but I am more faithful than I intended to be! I reach for a cigarette, I cross the street, I run into the movies or a bar, I buy a drink, I speak to the nearest stranger- anything that can blow your candles out! For nowadays the world is lit by lightning! Blow out your candles, Laura – and so good-bye†¦

Overview the legislation that impacts the workplace in Canada at both Research Paper

Overview the legislation that impacts the workplace in Canada at both the provincial and federal levels - Research Paper Example rengthened the legal claims of employees while encroaching upon workplace norms that were formed through collective agreements and managerial prerogatives. The inclusion of human rights as part of the legislation impacting the workplace in Canada was achieved through the Canadian Charter of Rights and Freedoms which forms part of the constitution Act 1982. Hogg (1982) explains that the Charter is a set of laws outlining the basic rules about how the nation operates. It describes the powers of the provincial governments and the federal government in Canada. It also outlines the rights and freedoms that the Canadian people believe are necessary and important in a free and democratic society. The Charter has had a notable indirect impact on both public employers and private employers who are not considered as government employees because of its application to both provincial and federal human rights legislation. Black-Branch (1995) states that the government has amended these human rights statutes through judicial interpretation in order to conform with the Charter. The impact of this process is the making of Charter principles that are directly applicable to all workplaces in Canada. Some of the rights in the Charter are the right to live and seek/get employment anywhere in Canada and the right to equality, including gender equality. Generally, the provincial and federal legislations in Canada affecting the workplace govern issues such as labour relations, human rights and workplace health and safety. Section 15(1) of the Canadian Charter of Rights and Freedoms guarantees individuals with disabilities the right to equal benefit and equal protection of the law and without discrimination by the Canadian government, agents of the government and its delegates. It also protects individuals with mental disabilities and this interpretation has been expanded to include individuals with learning disabilities. Employers governed by the Charter must therefore provide equal

Individual Personal Reflection Paper Assignment Example | Topics and Well Written Essays - 500 words

Individual Personal Reflection Paper - Assignment Example ve learnt that Critical thinking, among other things, makes one think rationally and with more clarity irrespective of the field one is in; education, law, medicine, finance, or management. Critical thinking is a vital component as it enhances problem solving and proper thinking and can thus be termed as an asset. Secondly, it enables a person to have excellent communication skills. It improves language and comprehension abilities by aiding in the analysis of texts. Furthermore, critical thinking leads to self-reflection since we are able to reflect on our values and make proper decisions. With the changing, economic times which is driven by technology and information one needs to be able to effectively deal with these changes. This requires analysis of information thus pushing for intellectual skills, which we have learnt in this course. Since the start of this course, my critical thinking has vastly improved. It has helped me to think rationally and view things from a different perspective. I can now carefully reflect on my principles of reasoning and internalize them therefore, making me apply it in my day-to-day life. I am now in a position to expose fallacies and avoid faulty reasoning. I am able to come up with solutions to problems in a systematic way and prioritize ideas based on their importance. I have also been able to clearly come up with constructive arguments and evaluate them. More so, I am able to break down information into their constituent parts and logically understand the connections, relevance, and importance of these ideas. In the beginning, I was at the stage of unreflective thinker where I was unaware of significant problems in thinking, but so far I have advanced and I am now in the practicing thinker level. I feel I am at this level since I have recognized the need for regular practice in thinking. I am in a better position to solve problems by using the information that I have. However, limited it may be and to further deduce probable

Cat Dilated Cardiomyopathy and Immune Mediated Hemolytic Anemia in Research Paper

Cat Dilated Cardiomyopathy and Immune Mediated Hemolytic Anemia in Daschunds - Research Paper Example An increased dependency on formulated cat foods produces the potential for deficiency, but the same formulations allow for the correction of this lack. Total Nutrient programs from the pet food industry are the response to this valid concern. Vision loss, as well as cardiomyopathy, can result from such dietary deficiencies. (Hayes et al. 1982), (Hills Pet Nutrition, 2011) This report outlines the pathology of feline dilated cardiomyopathy and related heart conditions, as well as contributing factors. The prognosis and treatment modalities are discussed; as well as means by which this condition can be prevented. Cats do not possess the ability to synthesize the amino acid Taurine; which is necessary for muscle growth; and proper retinal development in kittens. This is presumed to be a central factor in the evolutionary development of felines. Modern processed cat food contains nutritional supplements to alleviate this problem. Feline DCMs now relatively rare. In the past, feline dilated cardiomyopathy could be blamed on the dietary deficiency in the amino acid taurine. (Petplace Veterinarians, 2011), (Pion, et al. 1987) Taurine is an essential component of the feline diet, whereas dogs do not require it. (Pion et al. 2007) The breeds typically affected are Abyssinian, Burmese, Siamese, and mixed/mongrel housecats. The Catfood industry responds to this risk by taking steps to ensure taurine dietary supplements are included as basic nutrition in most cat foods. The feline food industry has risen to the challenge of addressing the need for nutritional supplements in a form highly palatable to the animals. At the same time, the more sedentary lifestyles that felines and canines now share with their human owners still creates its own battery of assorted health risks to all three species. (Obesity is a noteworthy factor.) In terms of diagnosis, a complete medical history should be provided to the veterinary  professional. Initially, a thorough physical examination is performed.

Business Proposal for custom shoe store called DECO HEELS Essay

Business Proposal for custom shoe store called DECO HEELS - Essay Example Currently, women are finding it difficult to get shoes of their choice because most of the stores are offering already designed shoes (Shaw and Onkvisit, 2008). Decor Heels will have an unmatched and extensive selection of high heel shoes for women. The model of the business is based on customer selection that will allow customers design their own high heels under the brand name of Decor Heels. Customers will be required to place an order and the company will make an invitation for the design of their selected high heel shoes (Moisander and Valtonen, 2006). The business aims a creating a competitive advantage in the first six months of operation through diverse selection. This will depend on the company’s management team especially the marketing team. It is the expectation of the business to capture at least 20 percent of market share and a profitability of more than $100,000 in the first three years of operation. 1.1 Success Factors There is one main success factor and that i s the ability of the business to enhance satisfaction for high heels among women. The business will achieve this by offering a wide selection of shoes as preferred by customers. 1.2 Business Objectives The objectives of the business are based on the first three years of operation and include: Establishing a retail store based on supplying high shoes that will satisfy customer needs beyond expectations Capturing 20 percent of the market share for female shoes by the unmet need for women to design high heel shoes Establishing a retail business that will grow on its financial performance 2.0 Business Description Decor Heels is a sole proprietorship business based in New York serving the unmet demand for customized high heel female shoes. The business aims at enhancing consumer satisfaction by offering the opportunity for customers to design their own high heel shoes under our brand name Decor Heels. Customers will be submitting their shoe design and the company will be making available the desired designs within a period of two days. Basically, Decor Heels will be keeping close contact with manufacturers and suppliers to ensure that the shoes are made available at the shortest time possible. In order to improve service delivery, the company will establish a total of ten retail stores at strategic locations within New York City and depending on its performance; the business will open more outlets in other cities within the first three years of operation. 3.0 Definition of the market 3.1 Industry Analysis The market for high heels is under the general market for shoes. Decor Heels is targeting the market for high heel shoes which has few market players. The market for high heel shoes is dominated by large departmental stores with other players including shoe-only stores and small retail stores. Departmental stores mainly sell everything with shoes being among their items for sale. They do not put their focus on shoes but all their products on sale. Shoe-only stores as the name suggests specialize in selling shoes only. Small retail stores engage in the sale of female shoes and clothes (Hill, 2011). 3.2 Market Segmentation The general market for female shoes has two population segments including female professionals and housewives. Professionals are defined by their responsibility of working on a full-time basis whereas

Asian Financial Crisis and Globalisation Essay Example | Topics and Well Written Essays - 500 words

Asian Financial Crisis and Globalisation - Essay Example Therefore this paper investigates the possible causes, contagions and effects of the Asian financial crisis with regard to globalization. The list of potential causes of the crisis is long but a short list would include: the futile attempts of the governments to keep their currencies at artificially high levels, massive overinvestment by various corporations funded by excessive borrowing, government ability to direct banking systems and decisions of lending, crony capitalism, lack of transparency, inadequate financial regulations and supervision, rigidity of labor markets and pronounced mismatch of assets and liabilities in both the corporate and banking sectors (Agà ©nor 1999; Walker 1998). However, the most important causes to the current Asian crises include the low corporate profits and unwillingness of the policy makers to relinquish control. The governments’ directive to the banking systems and the corporate governance structures to increase their sizes and market shares resulted in systematic overinvestment and sharp declines in corporate profitability. Besides decreasing the overall value of most countries in Asia, the shrinking profits weakened the banking sector that most firms rely on for funding (Walker 1998). The government interventions in the currency markets have led to high reductions in the value of currency of most countries in Asia (Rotblat 2001). For instance, when the currency of Thailand (the baht) was overvalued, the government failed to allow an orderly depreciation but fought the market forces because it thought it had enough foreign exchange reserves and wanted to avoid the high political costs associated with the devaluation of baht. With this move, the baht was finally allowed to float and its value fell. Contagion refers to the spread of a financial crisis from one institution to

How legalizing illegal immigrants would help the economy of the United Research Paper

How legalizing illegal immigrants would help the economy of the United States - Research Paper Example While some Americans believe that ensuring the legal status to the illegal immigrants will not create any threat to the country, others are reluctant to approve any such reprieve. So the debate is very delicate and requires a proper justification regarding economic impact of a policy that legalizes the illegal immigrants. If we see the background of this issue, we observe that the illegal immigrants, the foreign nationals enter the USA devoid of any legal and proper immigration route and stay in the country. Generally the immigrants come to settle in USA for searching of better jobs, more money and to enjoy better standard of living, which is lacking in their native nations. At present in USA the 1986 Immigration Reform and Control Act have granted almost 3 million illegal immigrants the legal status as the permanent residents of the country. This law has also approved the case of the employers who has hired the illegal foreigners. To control the number of illegal residents some laws were amended in 1990. But those were proved to be inefficient regarding that issue. To provide the legal certificate to almost 12 million illegal residents of the USA, a bill was also commenced in 2007. But this bill was also unsuccessful to provide any such solution. (McFadyen). In USA, since 1990, the number of illegal immigrants has significantly enlarged though the then government spends huge money for amending an immigration enforcement act to control the entry of the unauthorized foreigners into America. One of a major reason behind this fact was that the illegal immigrants tried to gat an entrance in any way into America until they became succeed neglecting the government’s increased expenses to the security border of the country. At present they maximum number of illegal residents are found in California, but almost in every state of the USA there are some illegal immigrants reside. Almost half of them are

Asian Financial Crisis and Globalisation Essay Example | Topics and Well Written Essays - 500 words

Asian Financial Crisis and Globalisation - Essay Example Therefore this paper investigates the possible causes, contagions and effects of the Asian financial crisis with regard to globalization. The list of potential causes of the crisis is long but a short list would include: the futile attempts of the governments to keep their currencies at artificially high levels, massive overinvestment by various corporations funded by excessive borrowing, government ability to direct banking systems and decisions of lending, crony capitalism, lack of transparency, inadequate financial regulations and supervision, rigidity of labor markets and pronounced mismatch of assets and liabilities in both the corporate and banking sectors (Agà ©nor 1999; Walker 1998). However, the most important causes to the current Asian crises include the low corporate profits and unwillingness of the policy makers to relinquish control. The governments’ directive to the banking systems and the corporate governance structures to increase their sizes and market shares resulted in systematic overinvestment and sharp declines in corporate profitability. Besides decreasing the overall value of most countries in Asia, the shrinking profits weakened the banking sector that most firms rely on for funding (Walker 1998). The government interventions in the currency markets have led to high reductions in the value of currency of most countries in Asia (Rotblat 2001). For instance, when the currency of Thailand (the baht) was overvalued, the government failed to allow an orderly depreciation but fought the market forces because it thought it had enough foreign exchange reserves and wanted to avoid the high political costs associated with the devaluation of baht. With this move, the baht was finally allowed to float and its value fell. Contagion refers to the spread of a financial crisis from one institution to

Organizational Behavior Essay Example for Free

Organizational Behavior Essay The role of organizational behavior in project management empowers the project leader to effectively diagnose situations related to the project for appropriate action and performance. The organizational behavior is a critical aspect to assist the project manager in accessing the particular skills of the team members within a functional organizational matrix (George and Jones, 2005). The understanding of organizational behavior from a project manager’s perspective presents an in-depth conceptual, technical, decision making, and interpersonal skills that are required to successfully manage complex project teams. Analysis on Organizational Behavior That Impacts Project Management The challenges in projects can create multiple tasks to reaching the goals outlined in the project scope. For instance, the team formation process is detrimental to moving through phrases of forming, storming, norming, performing, and adjourning in order to reaching the completion of the project. The project management primary role in understanding the functional project organization assists in identifying the organizational behavior within the context of team building to successfully moving through the phrases (Mantel, Meredith, Shafer, and Sutton, 2008). The project manager utilized the identified organizational behavior concepts of the team and the functional organization to apply appropriate human interpersonal skills for applied motivation, knowledge, decision making, change management, code of ethics, style of communication, and leadership direction. The interaction between the project manager and the project team are the stringent formed relationship that strengthens the communication matrix. The effort for sharing and receiving imperative information concerning the stages of the project tasks organizes the project for accurate reporting to stakeholders. Therefore, the organizational behavior presents a synergy to the effective communication matrix monitored by the project manager to assure that the channel is effectively being relayed by all individuals. The communication method determines the success of the project and defines the organizational behavior concept within the organization. Project managers must work with project teams through effective communication measures that reinforced the indentified organizational behavior concept (Hunger, 2007). In doing so, the expectations of the completed scope objectives are met as well as a formation of a productive project team. The skill of effective communication is the key to transferring the criteria of organizational behavior by demonstrating good decision making. The project manager’s decisions provide the organized efforts to staying on schedule and within budget with a human interpersonal skill approach that keeps the project team together. The decision making identifies the possible scenarios within the organizational behavior concept of the organization for a more direct approach to a problem. Respectively, the organizational cultures present a challenge for the project to moving in the desired direction. Therefore, the project managers must recreate their own organizational cultures within their project team environments that reinforced the specific scope objectives. In doing so, the demonstrated decision making to lead the project team is manifested from understanding the culture and securing a sufficient concept of the organizational behavior. The identified organizational culture within the project environment empowers the project manager in motivating the project team to strive for effective decisions. The organizational culture impacts the project team members for decision making during the process of completing the tasks for deliverables, in which, the organizational behavior detects how successful the channels of implementing changes and how issues are addressed. Therefore, the communication and culture defines the organizational behavior for the project manager to effectively and efficiently manage the special project. The transfer of information and delivering a clear understanding of the project needs essentially benefits all associated individuals to the progress of the team within the organizational culture framework. In the framework of organizational behavior, the attributes of effective communication and understanding the culture outlines the theory of motivation for the project manager to utilize in solidifying the team. The theory of motivation offers the project manager key concepts to implement to the project team for redefining the specific goals set forth from the project charter to the scope. The theory of motivation ranges from different thought of reason from theorists to apply a certain scientific approach, however, the fundamental approach is the model to connecting the team objectives with a purpose mindset amongst team members. Most employees need to feel the importance of the objectives; therefore, the project manager motivated communication tactics are critical for achieving the planned goals. The pursuit for a successful project is the normal functional operations of the technique of project management within the context of organizational behavior. The efforts of the three â€Å"C† are communication, cooperation, and coordination that all work together in a synergistic approach to create a winning coalition with organizational behavior and project management. The three â€Å"C† are essential to providing the means in allowing project management to function in a positive team environment. The goal of project management is to manage and complete the delivery of the client’s deliverable on time and on budget. Therefore, the role of organizational behavior within the principals of project management is the ability to achieve the company’s goals and mission in a strategic framework.

Non Controlling Interests And Goodwill Accounting Essay

Non Controlling Interests And Goodwill Accounting Essay Introduction IFRS 3 which involves Business Combinations will build important changes in business combinations accounting. IFRS 3 develops more the acquisition representation and applies to more day to day transactions, because combinations by contract only in addition to combinations of common entities are incorporated in the standard. Nevertheless, ordinary managed transactions and the development of joint ventures are not factored in the revised standard. IFRS 3 applies to the 1st period of accounting commencing on 1/07/09. Notably, retrospective appliance to previous business combinations isnt permitted. It can be used early as long as its not in the period of accounting commencing on or after 30/07/07. Background In 2008 the International Accounting Standards Board finished the 2nd stage of its Project on Business combinations by releasing a revised edition of IFRS 3 relating to Business Combinations. It was amended in order to replace the 2004 version. The revised IFRS 3 is the outcome of a combined project with the Financial Accounting Standards Board Scope Description of business combination . Its a occurrence of transactions whereby the purchaser gains power over 1 or many business entities. A business entity is described as an incorporated place of actions that is able to perform and operate in order to give a return to shareholders or other capital owners or any other participants in the business. The purchaser or the acquiring company ought to be recognized or identified. IFRS 3 stipulates that an acquirer must be acknowledged or identified in all cases involving business combinations. Variations in the scope from the 2004 version of IFRS 3 as compared to 2008 IFRS 3 version is used in combinations of joint business entities as well as combinations which do not have consideration for example dual listed company shares. Such are not included in unrevised IFRS. Exclusions from the scope: The IFRS 3 cannot be used in case of development of a joint venture or combination of business entity under common management or control. IFRS 3 cannot be used the purchase of an asset or a collection of assets which dont comprise a business entity. Purchase consideration Important changes to the standard involve the purchase consideration. Fair value of all benefits held formerly by the acquirer in the newly acquired company is currently incorporated in the consideration. This incorporates all interest in joint ventures undertaken and associate as well as equity interests in the newly acquired company. Any preceding venture is perceived to be given up in order to obtain the company/entity and on disposal date a gain or loss is taken into account. In case the acquirer previously had interest in the entity obtained prior to acquisition, IFRS3 stipulates that the current venture to be revalued to fair cost as at the acquisition date, factoring in all changes to the profit and loss account as well as any gains formerly documented in equity that pertain to the current holding structure. A gain is accepted in the income statement during the period of business combination. Contingent consideration requirements have been modified. Contingent consideration is nowadays accepted at fair value even in cases where its not likely to pay at the acquisition date. All ensuing modification to liability contingent consideration is taken to the income statement, instead of goodwill account because it is perceived to be a debt acknowledged in the international accounting standard 32/39. If debts for superior performance by the results in the subsidiary cause expenditure in the income statement to increase and under-performance by the subsidiary against targets will lead to a cutback in the anticipated payment and will be accounted as a profit in the statement of income. These changes in contingent consideration were formerly taken in the goodwill account. The standard no longer treats transaction costs as a component of the purchase cost; such overheads are expensed throughout the accounting period. Transaction costs are now considered not to constitute what is given to the party selling the entity. They arent supposed to be taken as assets of the acquired entity which ought to be acknowledged on the purchase date. The standard stipulates that businesses should reveal the quantity of transaction expenses that have been paid. IFRS 3 takes into consideration the treatment of employee share-based payments by including supplementary regulation on estimation, as well as how to come to a decision on whether share payments constitute part of the payment for future service compensation or business combination. Non-controlling interests and Goodwill IFRS3 provides businesses with an alternative, on an individual operation basis, to value minority interest or non controlling interest at fair value in relation to their share of particular liabilities and assets or at their fair value. The 2nd technique will consider goodwill relating to the non-controlling interest together with the controlling interest acquired while the 1st technique will lead to valuation of goodwill, which is essentially similar to the current IFRS Measurement of goodwill can also be undertaken using the full goodwill basis, in this method goodwill is measured for the minority interest/ non-controlling and also the controlling interest in a subsidiary. In the preceding edition of IFRS 3, non controlling interest was valued at their proportion of net assets and excluded any goodwill. Under the Full goodwill method it means that minority interest (non controlling interest) together with goodwill is increased by the value of goodwill that pertains to minority interest. Example Mercer has purchased a subsidiary company on 2 February 2008. The net assets fair value of the subsidiary company is $2,170million. Mercer purchased 70 percent of the total shares of the subsidiary company for $2,145million. The minority interest was measured at $683million. Goodwill recognized on the full and partial goodwill techniques under IFRS 3 would be computed as: Mercer partial goodwill method Assets (net) 2,170 Minority interest (Non Controlling Interest) (30% x 2,170) (651) Assets purchased 1,519 Consideration on acquisition (2,145) Goodwill amount 626 Full goodwill Method Fair value of identifiable net assets 2,170 Minority interest (683) Assets taken over 1,487 Consideration on Purchase (2,145) Goodwill amount 658 Goodwill is in actual fact adjusted for the variation in the figure of the minority interest which factors in the goodwill belonging to the non controlling interest. This preference of technique of accounting for non controlling interest only causes a disparity in acquisition figures where less than 100 percent of the entity obtained is bought. The full goodwill technique will cause an increase in net assets reported on the statement of financial position which means that any prospective goodwill impairment will be greater. While valuing non-controlling interest at reasonable cost may be complex, testing goodwill impairment may be less difficult in full goodwill, because there is no point of summing-up goodwill for subsidiary companies which are partially owned. Fair measurement of liabilities and Assets IFRS 3 has brought about some alterations to liabilities and assets documented in the statement of financial position. The present conditions to distinguish the net identifiable liabilities and assets of the entity being acquired are retained. Assets ought to be measured at fair value excluding some specific items for example pension liabilities and deferred tax. International accounting standard board has given supplementary regulations that are likely to lead to recognition of additional intangible assets. Purchasers are obliged to identify and record trade licenses, client relationships and brands, plus other assets classified as intangible. There are minor alterations to existing regulation under IFRS in relation to contingencies.. Following the business combination date, conditional liabilities are re-valued at the initial figure and the quantity in current relevant standard whichever is higher. Contingent assets are not identified or recorded, and contingent liabilities are valued at fair cost. Other Matters and Issues IFRS 3 gives direction on some precise details of combinations of entities such as : business combinations done with no reallocation of consideration acquisitions done in reverse identifying and recording assets which are intangible the re-examination of the purchasers contractual provisions at the date of acquisition Holding Companys Disposal or Acquisition of extra shares in Subsidiary Proportional sale or disposal of a subsidiary while still maintaining control. . This is treated as an equity exchange with shareholders as well as loss or gain not recoded. Proportional disposal of a subsidiary where control is lost. Losing controlling power on re valuing of the remaining fair value held. Disparity between carrying value and fair value is treated as a loss or gain on the disposal, recorded in the income statement. Afterwards, using international accounting standard 28 and 31 is suitable, to the outstanding investment. Purchase of extra shares after control of subsidiary was gained This is treated as a transaction involving equity with shareholders (such as purchase of shares in the treasury. Goodwill is not revalued in such an event. Disclosure The purchaser must reveal all relevant financial information to users of its annual reports to assess the financial outcome of a business combination that happens throughout the present reporting phase or subsequent to the end of the phase but before the reports are approved for issue. Disclosures necessary to meet the previous purpose are : A depiction and also the name of the purchaser Date of purchase proportion of voting interests purchased Principal s purpose of the business combination and a explanation of method used by the purchaser to acquire power over the seller Account of the reasons that show goodwill recorded, for example probable synergies from combining activities, and non qualifying assets. purchase-date fair cost of the combined consideration taken over and the purchase-date fair cost of every main category of consideration Particulars of dependent consideration provisions as well as indemnification assets taken over. Particulars of purchased receivables the value for all key category of assets purchased and debts implicit Particulars of contingent liabilities recorded. Combined value of goodwill that is anticipated to be removed for purposes of tax. Facts of all activities that take place individually from the purchase of assets and debts in business combination Facts concerning negative goodwill. In conclusion I believe that the speedy endorsement of IFRS 3 will end the doubt regarding the treatment of financial statements and reports. Hopefully the aims of the revised IFRS Board will be achieved and end the requirement for reconciliation between different accounting standards as well as end the conflicting use of the revised IFRS3 in the accounting profession . I look forward to the outcome caused by the implementation of the IFRS3 with interest!