Thursday, October 31, 2019

Wagmatcook culture & hartige centre, Cape Breton,canada 866-295-2999 Research Paper

Wagmatcook culture & hartige centre, Cape Breton,canada 866-295-2999 - Research Paper Example This centre was opened in the year 2001 and is dedicated in reviving the Mi’kmaq culture. An ancient tools collections, A wigwam of real size, photos of the Mi’kmaq people while catching salmon, hunting for caribou, and making baskets portray the Wagmatcook Culture & Heritage Centre’s theme, which is, â€Å"The Way a Mi’kmaq Lives.† Wagmatcook Culture & Heritage Centre is home to a display and heritage exhibition of Mi’kmaq cultural artifacts. There are special activities in this great facility’s hall which include dancing, drumming, and storytelling which are done by the community’s elders. Tourists and visitors get a chance to sample the traditional Mi’kmaq foods including â€Å"four cent cake,† roasted venison, and eel stew which are offered at the Centre’s restaurant. Visitors can also shop for beadwork, baskets, Mi’kmaq regalia, quill-work, and original artwork and paintings. The Wagmatcook Cultu re & Heritage Centre opens daily, all year-round (Wagmatcook.com, 1). Cape Breton Island, where Wagmatcook Culture & Heritage aboriginal site is located, is in the Nova Scotia province of Canada. It is a 3,981  sq  mi (10,311  km2) island, which is 18.7% of Nova Scotia’s total area. Even though, the Strait of Canso physically separates it from the Nova Scotia peninsula, they are artificially connected by the Canso causeway for easy transport. Cape Breton’s landmass upwardly slopes from south to north, hence culminating in the Northern Cape islands. The first residents of the Cape Breton Island were the Maritime Archaic natives who are ancestors to the Mi'kmaq people who were the island’s inhabitants at the time of discovery by the Europeans (Wagmatcook.com, 1). The Wagmatcook people history dates back many centuries. The reservation was, however, not established officially until May 2nd, 1834 by Sir Peregrine Maitland. He has been referred as the gentleman who refused to accede to the Scottish settler’s wishes of removing the Native people from the West-Side Middle River’s mouth. The centre’s operation is part of the five year development strategy by the Wagmatcook Band Council. The Wagmatcook Culture & Heritage Centre’s future plans include featuring an interpretive village offering marine opportunities and outdoor activities and travelling exhibits (religious and medicinal themes). The Smithsonian Institute possesses some four thousand artifacts collected from the Wagmatcook First Nation community (Wagmatcook.com, 1). A tour inside the Wagmatcook Culture & Heritage Center entails visiting interpretive exhibits with available guides, and witnessing first-hand the Mi'kmaq people way of life over the past centuries. The centre offers craft shops where local artisans demonstrate their craftsmanship which has been passed over for generations. You can experience the Mi'kmaq culture through story-telling, drumm ing, and dancing. Traditional foods of the Mi'kmaq people are available at the Clean Wave Restaurant inside the museum. These include eel stew, stewed venison or roasted, rabbit, deer, moose, poached salmon, four-cent cake, lis'knikn, and bannock. There is a variety of souvenirs available for sale including; beadwork (bookmarkers, necklaces, etc.), baskets, earrings, bracelets

Tuesday, October 29, 2019

The Process of Settlement in Qatar Essay Example for Free

The Process of Settlement in Qatar Essay Introduction Thesis Statement The settlement events that took place between Qatar and two nations (Bahrain and Saudi Arabia) had causes significant modifications, such as economic boost and individualism decline, in the modern day settlement conditions of Qatar.     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   From the rich history of Qatar dating from 1766 up to the present, the territorial settlement within the area had originated to different areas and had progressed through different events and policy agreements. From the ancient times, prior to the official settlement of Qatar, the physical characteristics of the area comprise of a dry interior with no formal occupants but rather nomadic tribes. However, the arrival of the Bani Utub had caused the emergence of the Qatar settlement. During the initial phases of Qatar settlements, the rough start had always been present due to commotions and familial conflicts that sometimes lead to the reduction of their small population[1]. The segments of the Bani Utub clan in Kuwait, the al-Khalifa and al-Jalahima, left Kuwait for Zubara, on Qatar’s western coast, where they established the Qatar settlement[2]. This perspective had been considered as far as the ancient times; however, the rally and the cradle of new civilization had formed the new issues on Qatar settlements together with Saudi Arabia that significantly affected the economic and societal stand of the country. It was during the 19th century when the first issue on Qatar and Saudi Arabian settlements had broken out considering the border settings of the country. The settlement argument of Qatar had also reached the attention of different areas, such as Bahrain, Egypt, etc. The process of settlement of Qatar’s land had caused significant impact within the society especially on economic and social conditions. In this study, the primary aim is to determine the process of settlement that has been present in Qatar. The study also gives emphasis on the effects of this settlement issues in the modern conditions of Qatar today. Discussion Settlement in Qatar   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Historically, Qatar was one of the sovereign states that possessed its own control over the manipulation of its state management. The borders comprised the midway of the Western coast of the Arabian Gulf from which the Qatar society had main obtained their living in the line of fishing industry. However, the boundary lines of Qatar coincided to Arabian Gulf, specifically with Saudi Arabia and Bahrain’s maritime boundaries. Qatar scope of settlements also included other Arab countries, such as the United Arab Emirates (UAE) and Iranian territories[3]. Measuring the Qatari settlements, the arid desert and dry climate of Qatar had extended over the Peninsula, which were about two hundred kilometers long and hundred Kilometers wide with an area coverage totaling to 11850 square Kilometers.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   From the historical perspective of Qatar, the modern rule occurred during the early 18th century wherein Al-Thani family of Qatar, which was considered as the dominate family of the tribal settlement that was from the lineage of Al-Maadhid (part of the Bani Tamim hierarchy ) tribe of Ushaiqir in the province of Al-Washm of Nejd, came to the settlements of Qatar[4]. From the early settlement of the family, Al-Thani decided to explore and relocate their settlements to Zubara, Ruwais and Fuwairat during the start of middle 18th century; hence, triggering the trend of Qatar’s modern settlements. The history of Qatar’s union with Bahrain as a dependent country during the time of Muhammad bin Thani’s dynasty (1868-1876). This pact was continued by the Al Khalifah during their settlement in Zubarah, which lies on the west coast of the Qatar peninsula[5]. From here on, the issues of settlements with Qatar and other nearby countries, which had originated with the early leaders of their land, had ignited to form border concerns and territorial arguments.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   With the entrance of 21st century, the Al Thani ruling family of Qatar had significantly battling against the Al Khalifa claim to the old settlement area, which had been under Qatari’s territorial rights[6]. In 1994, the issue on Qatar settlement with Bahrain and Saudi Arabia had reached the International Court of Justice (ICJ) wherein the office had to consider the legal effects of a double exchange of letters between these countries. The ICJ allocated sovereignty over Zubarah, Janan Island and the low-tide elevation of Fasht ad Dibal to Qatar. On the other hand, Bahrain was granted sovereignty over the Hawar Islands and the island of Qit’at Jaradah. From this point, the maritime disputes between Bahrain and Qatar had been settled with the delimitation from a point centrally in the Gulf of Bahrain, but not exceeding the boundary line with Saudi Arabia[7]. According to Aust (2000), Saudi Arabia, having agreed to use its good offices to help solve certain territorial disputes between the other two states sent each of them letters in identical terms proposing certain settlement procedures[8]. From that point, no significant tensions had occurred between Saudi Arabia and the demarcation of Qatar’s borders; although, it left significant conflict against Iran and other nearby countries, such as Kuwait and Yemen. With the advent of Qatar merging its borders with Saudi Arabia, significant changes occurred in its economy and society, such as the expansion of oil market under Saudi Arabian supervision across the world market, etc. Social and Economic Changes in Qatar   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The effects of the settlement issues in Qatar did somehow caused disruption in the economic and society; however, the country was still able to adapt and maintain the conditions of their land. According to Rice, from the later period in Qatar, during the time when the Gulf was the main artery of world trade and the settlements on eastern coast of Arabia became cities of the great commercial importance, are almost very barren, with no evidence yet discovered continuous occupations[9]. However, even with the unfavorable conditions of Qatar, they were still able to promote economic and societal growth in their area that resulted to the development of their country. In one scenario, the merging of Qatar to Saudi Arabian settlement after signing the General Agreement of Participation, as the modern course of their system, significantly boosted the oil market of Qatar towards the World Market[10]. Most significantly, Qatar is well known for its oil production and market across the world market of oil. The participation of Qatar with Saudi Arabia came in the progress of development and modernization of their country. Qatar had experienced significant economic boost through the wide exports of oil and other commodities. The decision of the government to merge their lands with Saudi Arabia had significantly triggered the open of Qatar trade and market in an international scope. However, the Qatar settlement, specifically on the Hawar Islands and the island of Qit’at Jaradah, was claimed by Bahrain after a long argument. This was decided upon by the IJC, which rendered their appeal in vain; however, they were granted with the other part of the territory that they were fighting for, which were the Zubarah, Janan Island and the low-tide elevation of Fasht ad Dibal to Qatar. This territorial allocation had greatly affected the society through the expansion of possible trade market that can provide significant boost in the welfare of the society Conclusion   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the study, the settlement of Qatar had originated form the family of Al-Thani, which later on dominated the social trends and political management of their land. The historical process of Qatar’s settlement had long been frustrated by the arguments and claims of Saudi Arabia and Bahrain. The ICJ had provided its jurisdiction of granting parts of Qatar islands to Bahrain while retaining Zubarah, Janan Island and Fasht ad Dibal to Qatar, which somehow resolved the conflict between the two warring countries. On the other hand, the settlement issues with Saudi Arabia had provided caused the merging of territorial affinities through in the perspective of trades and industries, and one of these was the oil participation of Qatar under the General Agreement of Participation. The settlement issues of Qatar had caused significant pros and cons in the society and economy. The pros concerned with the advancement of their trade and industry giving the Qatari society an open opportunity for oil transport and international trade market. However, the cons was the lost of parts of their islands and the reduction of their economic individualism as per their participation with Saudi Arabia. Works Cited Anderson, Ewan W. nternational Boundaries: A Geopolitical Atlas. Routledge, 2003. Aust, Anthony. Modern Treaty Law and Practice. Cambridge University Press, 2000. Bahl, Taru. Encyclopaedia of the Muslim World. Anmol Publications PVT Ltd, 2004. Crystal, Jill. Oil and Politics in the Gulf: Rulers and Merchants in Kuwait and Qatar. Cambridge University Press, 1995. Parra, Francisco. Oil Politics: A Modern History of Petroleum. I.B.Tauris, 2003. Rice, Michael. The Archaeology of the Arabian Gulf. Routledge, 1994. Zahlan, Rosemarie. The Making of the Modern Gulf States: Kuwait, Bahrain, Qatar, the U.A.E. Routledge, 1989. [1] Crystal, Jill. Oil and Politics in the Gulf: Rulers and Merchants in Kuwait and Qatar. Cambridge University Press, 1995. p.26 [2] Ibid 26 [3] Zahlan, Rosemarie. The Making of the Modern Gulf States: Kuwait, Bahrain, Qatar, the U.A.E. Routledge, 1989, p.84 [4] Ibid 84 [5] Ibid 84 [6] Bahl, Taru. Encyclopaedia of the Muslim World. Anmol Publications PVT Ltd, 2004. p.103 [7] Anderson, Ewan W. nternational Boundaries: A Geopolitical Atlas. Routledge, 2003. p.103 [8] Aust, Anthony. Modern Treaty Law and Practice. Cambridge University Press, 2000. p.18 [9] Rice, Michael. The Archaeology of the Arabian Gulf. Routledge, 1994. p.233 [10] Parra, Francisco. Oil Politics: A Modern History of Petroleum. I.B.Tauris, 2003. p.161

Sunday, October 27, 2019

Causes of the Financial Crisis in the US

Causes of the Financial Crisis in the US INTERNATIONAL BUSINESS During the later half of the 20th century U.S economy was the most powerful economy in the world, they set the rules for rest of the world. They established multinational corporations all over the world which was indeed the heart of world economy. (Davis, 2009). When the U.S economy was rising, all the other countries economy were also growing, at the same time when their economy went down it affected almost all the other importing and exporting countries in the world because of the recent crises which was named as â€Å"GLOBAL FINANCIAL CRISIS†. This was meant to be the biggest crises after â€Å"THE GREAT DEPRESSION 1930† (Cambridge Journal of Economics, 2009). The crises have already recorded loss of over $150 billion and large number of banking institutions have declared bankruptcy or being sold.(Kregel, 2008) One among the banks filed for bankruptcy was Lehman Brothers, which was Fourth largest investment bank in U.S. (BBC, 2009). Therefore it is important to ident ify causes of current financial crises and resolution measures. Secondly, UK government should take effective steps in order to reduce danger of further crises (Turner, 2009) During later part of the 19th century that is 1973 Daniel bell published a book titled â€Å"THE COMING OF POST INDUSTRIAL SOCIETY†. The book was about forecasting to find the changes in economy and society in united state. One of the most visible changes according to him was the work force shifting from manufacturing and agriculture to service based industry which he named as â€Å"POST-INDUSTRIAL SOCIETY†. The author was right in his prediction because today only 10% of the total labour force is employed in agriculture and manufacturing industry. Between the period December 2000 and May 2009 US lost more than 5.25 million employees in manufacturing sector. There were many problems in durable goods industry, particularly in auto manufacturing industry. Two or more companies in that sector declared bankruptcy which stated that there was lot more bad news to come. Comparatively, manufacturing jobs were long lasting on an average of 8 years compared to an average of 3 yea rs in service industry. The shift was driven by Wal-Mart. The firm employed about 1.4 million employees in 2009 which was more than that of 20 largest American manufacturing companies together. This caused changes to occur in pension financing and people started investing in mutual funds. This happened through change in pension financial that took over small amount to mutual fund from large amount of investment savings. This created pressure for high returns and also takes away the option of staying with a single firm. This enabled growth of institutional investors. Huge amount of portable pension funds were managed by banks, mutual funds and insurance firms. Nearly 1000 corporation shares were owned by institutional investors in 2005, with mutual fund taking maximum of 10% or more in hundreds of corporations. For manufacturers the main focus was on share value which spread OME model (Original equipment manufacturer) which means the production is out sourced to other external organizations. Other than manufacturers, functions such as HR and IT etc were also outsourced. This slowly made drastic changes in traditional corporation where it became empty. They were concerned mai nly about turning the out-sourced products into branded commodities. This shows that the stock market existed only for intangible assets. (Davis, 2009) Now we shall discuss about the causes of the Global financial crisis: One of the main reasons for the crises was the housing bubble. A housing bubble is an economies bubble that occurs in local or international market. The recent financial crises started eventually in 2001 with the busting of U.S housing bubble and reached its peak in 2005.Basically it is said when there is a rapid increase in real estate prises until it touches its peak and reaches unsustainable level. The bubble in the houses was identified in 2006 after the market correction. Former chairman of Federal Reserve Board, Alan Greenspan said in 2007 that they had bubble in housing but it was very late until they realized in 2005 and 2006 (Bianco, 2008) Many economists believe that the main reason behind housing bubble was caused by low interest rate set up by the Federal bank. The interest rates were reduced to 1% from 6.5%, this made people to mortgage their property against the loan. The banks in return encouraged everyone to obtain loan against their mortgages because real estate prices were at its peak. [business.cch.com] When inflation began in 2004, US federal withdrew monetary accommodation, they started increasing the interest rate and mortgages payment also started rising apparently. Tight money policy came into play and there was a great demand of money and therefore house prices fell. Banks and other financial institutions financed at very low rate, and when interest rates started raising there were heavy chance of default by the subprime borrowers thus default by such borrowers led to losses. Though the loans were secured and were sold to special institutional vehicles (SIVs) the losses were still bourn by banks and oth er institutions (Mohan, 2009) Deregulation of financial system gave rise to tradable instruments through securitization. Securitization means turning an asset or credit card debt into tradable instrument. This system made household to become both investors and issuers of securities. Thus trading in different form of capital emerged which was unstable and did not last for long which caused the financial crises (Davis, 2009). Apparently US government failed to manage their trade deficit. The housing bubble was mainly caused by cheap credit and low interest rate rates. The main reason for cheap credit was there was a lot Chinese capital in U.S. And that is because US imports most of the products from china and sells it at a cheap rate to its consumers (Weismann, 2008) Global Macro Economy Imbalance: According to Portes (2009) global macro economy was one of the major underlying reasons of the financial crises. This is because of saving investments and huge cross border capital flow made a lot of pressure on financial intermediation process, these imbalances with flaw in the financial market and instrument together became one of the specific features of crises (Mohan, 2009). In view of the current crisis, the UK Government can initiate the following actions to prevent another crisis: Looking at the long term , we think of what should be done in order to avoid danger of future crises, it is clear that macro economy imbalance was one of the major underlying reason, so it is better UK government try to find the problems which lie at the interface between macro economy policy and financial system regulation. Few more things that government should consider are they should make sure that they protect the needs of ordinary people when the information is costly to acquire. Next measure is the government should make sure that internalises significant externalities. This is in contrast to the currency regulatory frame work which does not focus on externalities and it also provides incentives for the institutions to become very large to fail or too interconnected to fail, because the larger the institution the more interconnected and higher the risk of escaping during crises.( Brunnermeier, 2009) The government should also focus on systematic risk contribution because during the financial crises losses tend to spread over other financial institutions also. The government should try to form a regulation that reduces the risk of spreading over the losses to financial institutions. A financial contribution to systematic risk can be large because of its correlation with financial difficulties among the other institutes or causes financial difficulties at other institutes. Therefore new measures should be taken to reduce the risk of both the channels. (Brunnermeier, 2009) According to Turner (2009), liquidity management and new regulations help to minimize liquidity risk. The future rules and regulations should be monitored effectively (Turner, 2009). Asset price booms can be regulated by implementing strict fiscal and monetary policies. These policies should take into consideration price stabilization and macro-financial stability. There has to be effective co-ordination between domestic and international policies. The UK Government should try to stabilize all the financial institutions that hold illiquid assets. The regulators have to combine macro-prudential and macro economic analysis by using sectoral analysis (Turner 2009). REFERENCES: Brunnermeier, M.K., (2009) Financial Crisis: Mechanisms, Prevention and Management [Online] Princeton University. Available at: http://66.102.9.132/search?q=cache:2lGCaBp37xYJ:fmg.lse.ac.uk/upload_file/1197_BrunnermeierPaper.pdf+http://fmg.lse.ac.uk/upload_file/1197_BrunnermeierPaper.pdfcd=1hl=enct=clnkgl=uk [accessed 28 February 2010] BBC., (2009) Timeline: Credit Crunch to Downturn [Online] Available at: http://news.bbc.co.uk/1/hi/7521250.stm [accessed 28 February 2010] Bianco, K.M., (2008) The Subprime Lending Crisis: Causes and Effects of the Mortgage Meltdown [Online] CCH Mortgage Compliance Guide and Bank Digest. Available at: http://docs.google.com/viewer?a=vq=cache:Vf9c_0SfRl4J:business.cch.com/bankingfinance/focus/news/Subprime_WP_rev.pdf+http://business.cch.com/bankingfinance/focus/news/Subprime_WP_rev.pdfhl=engl=ukpid=blsrcid=ADGEESj5j4t_00aCZcSuhO6_qF6EZO99uP_P34gAGd2f_A7I_C2MVjlkbSVcFqc6FpAPGyYECW5sPQG6k_k4ja-tXrsL2EsZd8alQZk0U9n7Esqh31V1F9pwowYc1IeTo-U3I5vHAR9Ksig=AHIEtbT1hFiNcXHdS3Y4lgV7AYIRF1xY4g [accessed 28 February 2010] Crotty, J., (2008) Structural Causes of the Global Financial Crisis: A Critical Assessmentof the ‘New Financial Architecture [Online] PERI Political Economy Research Institute, University of Massachusetts Amherst. Available at: http://cje.oxfordjournals.org/cgi/content/abstract/33/4/563 [accessed 28 February 2010] Davis, G.F., (2009) The Rise and Fall of Finance and the End of the Society of Organizations [Online] Available at: http://docs.google.com/viewer?a=vq=cache:ZorkG-ZL1xoJ:webuser.bus.umich.edu/gfdavis/davis_09_AMP.pdf+http://webuser.bus.umich.edu/gfdavis/davis_09_AMP.pdfhl=engl=ukpid=blsrcid=ADGEESjziDXUPSnMjim8GZyAz8aK9YRHi-xpS8SYDDv3l4gtQ9hV0ahiOz8oXWhb9zGr-HAAkRmaRdH34zQJuaoZpLyEv_QopXWxlCvjM7CuFPsiWbmUdqY-b-hZ1KQL4The1skEpDsig=AHIEtbSoJoJuRiAosw1OGQqy3G2BrQEutg [accessed 28 February 2010] Mohan, R., (2009) Global Financial Crisis- Causes, Impact, Policy responses and Lessons[Online] Annual India Business Forum Conference, London Business School. Available at: http://www.bis.org/review/r090506d.pdf [accessed 28 February 2010] Turner, A., (2009) The Financial Crisis and the Future of Financial Regulation [Online] The Economists Inaugural City Lecture, Financial Services Authority. Available at: http://www.fsa.gov.uk/pages/Library/Communication/Speeches/2009/0121_at.shtml [accessed 28 February 2010] Weissman, R., (2008) Deregulation and Financial Crisis [Online] The Huffington Post. Available at: http://www.huffingtonpost.com/robert-weissman/deregulation-and-the-fina_b_82639.html [accessed 28 February 2010]

Friday, October 25, 2019

Exhange Risk Faced by Multinational Corporations (MNCs) Essay -- Exhan

â€Å"Exchange rates are the amount of one country’s currency needed to purchase one unit of another currency (Brealey 1999, p. 625)†. People wanting to exchange some money for their vacation trip will not be too much bothered with shifts if the exchange rates. However, for multinational companies, dealing with very large amounts of money in their transactions, the rise or fall of a currency can mean getting a surplus or a deficit on their balance sheets. What types of exchange rate risks do multinational companies face?   Ã‚  Ã‚  Ã‚  Ã‚  One type of exchange risk faced by multinational companies is transaction risk. If a company sells products to an overseas customer it might be subject to transaction risk. If a UK company is expecting a payment from a US customer in June and the invoice was made in January, the exchange rate is bound to have changed during the period. If the deal was worth  £1,000,000 and the american dollar compared to pound sterling weakened from US$1.40 in January to US$1.50 in June, the UK company would loose  £47,619 (Appendix A).   Ã‚  Ã‚  Ã‚  Ã‚  Economic risk is another type of exchange risks companies have to consider when dealing globally. Changes in exchange rates are bound to affect the relative prices on imports and exports, and that will again affect the competitiveness of a company. An UK exporter dealing with companies in the US would not want the US$ to depreciate, because it would make the exports more expensive for the US market, thus the company will loose business.   Ã‚  Ã‚  Ã‚  Ã‚  Other types of exchange rate risks are translation risk and so-called hidden risk. The translation risk relates to cases where large multinational companies have subsidiaries in other countries. On the financial statement of the whole group, the company may have to translate the assets and liabilities from foreign accounts into the group statement. The translation will involve foreign exchange exposure. The term hidden risk evolves around the fact that all companies are subject to exchange rate risks, even if they don’t do business with companies using other currencies. A company that is buying supplies from a local manufacturer might be affected of fluctuating foreign exchange rates if the local manufacturer is doing business with overseas companies. If a manufacturer goes out of business, or experience heavy losses, it will affect all the companies it does business with. The co... ...he curve. Appendix A. Transaction Risk:   Ã‚  Ã‚  Ã‚  Ã‚   A UK exporter invoicing US$1,000,000 in January for payment in June. Spot rates: January: US$1.40  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚ £714,286   Ã‚  Ã‚  Ã‚  Ã‚  February: US$1.50  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚ £666,667   Ã‚  Ã‚  Ã‚  Ã‚  Loss on transaction:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚ £47,619 ( £714,286 -  £666,667) Appendix B. Interest Rates: i.  Ã‚  Ã‚  Ã‚  Ã‚  A company borrows  £100,000 from a bank at 8% interest rate.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚ £100,000 X 1.08 =  £108,000 ii.  Ã‚  Ã‚  Ã‚  Ã‚  A company borrows  £2,000,000 in 1998, with a fixed interest rate of 8%, payable annually for a 5 year period. Fixed annual interest, 8%:  £2,000,000 X 0.08 =  £160,000 New annual interest, 6%:  £2,000,000 X 0.06 =  £120,000 Annual loss, 6% vs. 8%:  £160,000 -  £120,000 =  £40,000 References: http://www.expedia.com, 22/11/2000, http://www.expedia.com/pub/Agent.dll Brealey, Richard A., Marcus, Alan J., Myers, Stewart C. 1999, Fundamentals of Corporate Finance, 2nd edn, Craig S. Beytien, USA. Howells, Peter., Bain, Keith 2000, Financial Markets and Institutions, 3rd edn, Henry King Ltd., Great Britain. Ritter, Lawrence R., Silber, William L., Udell, Gregory F. 2000, Money, banking, and Financial Markets, 10th edn, USA.

Thursday, October 24, 2019

Life of Indian Education Essay

Indian education; it doesn’t necessarily mean to get an Indian education rather to be taught how to be Indian. In Sherman Alexie’s short story â€Å"Indian Education† the main character, Junior, is taught the lessons of being an Indian. The story is about Junior’s life in school from first to twelfth grade with a class reunion at the end. Through each grade we see Junior growing up as well as lessons to be learned. Junior finds himself facing many stereotypes, racism, and discrimination towards him, his people, and culture. The short story ends with Junior beating the odds and overcoming all the obstacles he faced. Throughout the story â€Å"Indian Education† Alexie’s character learns to be an Indian and learns many lessons of how tough it is to be Indian. The first lesson being learned of being Indian is being poor. In the first grade Junior was picked on because he was different than the other boys. â€Å"My hair was too short and my U. S. Government glasses were horn-rimmed, ugly. † The narrator states how he is different by having his hair too short and ugly glasses. Having his hair too short shows the other Indian boys that he’s different because in Indian tradition the guys usually grow their hair out. He also states that his glasses are provided by the government which tells the reader that he is poor. Experiencing this poverty is common amongst Indians because many of them aren’t educated enough to get a good job to support themselves. Another example from the first grade is when Junior is given nicknames like â€Å"Junior Falls Down† and â€Å"Cries-Like-a-White-Boy. † His nickname â€Å"Cries-Like-a-White-Boy† hints that there is some tension between the Whites and Indians because as said in the story they’ve never heard a white boy cry. These examples show the narrator is learning of being an Indian because being poor is common within the Indian culture and having unfriendly tensions between the Whites is something Indians have had for decades. In the second grade Junior faces racism and discrimination from his teacher. â€Å"‘Tell me you’re sorry,’ she said. ‘Sorry for what? ’ I asked. ‘Everything,’ she said. † Here, his teacher is punishing him for no reason. This shows the teacher views herself higherthan him and thinks of Indians as at the bottom. This is the first time he faces racism and he’s only a young kid at this time. This is one of the many difficulties Indians have to face every day because they look, act, and are viewed differently. In the fourth grade he is shown encouragement for the first of few times. His teacher tells him he should be a doctor, because he is very smart, so he can come back and help his tribe. At this same time the narrator’s mom and dad are sitting in their own darkness drinking and being depressed because of their lives. Junior, having to face his parents like this, knows what he has to do to help not only his family but his entire culture. It’s the first time he looks himself in the mirror and sees himself becoming something and wants to do something with his life. This can be seen by the many difficulties Indians face versus how much encouragement and belief they get from others and their selves. It can also be seen as him breaking away from the Indian culture and fighting to be different than everyone else in his reservation because it’s almost a â€Å"tradition† for Indians to get criticism from others that they’re never going to be anything in life and for the Indians to stop believing in their selves. These were the first lessons he learned of becoming an Indian. Going through the fifth grade the narrator shot his first basketball and air balled everything. However, instead of giving up he looked at the positive and saw math and geometry in it and kept on trying. This can also be seen as a metaphor; As Indians, and the culture of Indians, hardly anything goes right for them. They’re poor, they have poor education, and a lot of them become alcoholics, but for Junior he doesn’t give up, he keeps his head up and despite all of these negative events happening around him he is still able to know that he can choose how his life turns out and not become like everyone else in his tribe. At this same time he shot a basketball his cousin was sniffing cement and his cousin saw beauty and chemistry in this. Junior, learning to be Indian, sees his own family making the wrong decisions on his own because no one is there to tell him what’s right or wrong. Learning to be an Indian can be tough with no supervision and guidance from a more responsible person. He also learns lessons of being an Indian during the seventh grade when he separated from his tribe. â€Å"But on the day I leaned through the basement window of the HUD house and kissed the white girl, I felt the good-byes I was saying to my entire tribe. † Junior left his tribe to get a better education at a white school. Leaving your own people to go live with the enemy is a hard thing to cope with for Junior and his tribe. This teaches him lessons of being Indian because he realizes that living on his reservation is not going to get him the education he needs to be successful because Indians have a poor education system. All the way until the twelfth grade Junior faced many obstacles, stereotypes, and racism in the white world. In the twelfth grade the narrator graduates as valedictorian and states that his hair is longer than ever. â€Å"I walk down the aisle, valedictorian of this farm town high school, and my cap doesn’t fit because I’ve grown my hair longer than it’s ever been. † This shows the audience that he’s very smart and that he beat all the challenges and obstacles put in front of him. This teaches him how to be Indian because it shows the narrator that being Indian is tough and he knows it’s not easy for people with an Indian background to become a successful person out in the world. However, he accomplished things no one believed he could. He beat the odds and proved a lot of people wrong. His long hair symbolizes that he hasn’t forgotten where he’s come from. It’s a symbol his Indian heritage and even though he’s been going to a white school for some years he still hasn’t forgotten about his life back at home. He’s always kept a part of him everywhere he went. Throughout the story Junior grows up to become a new person beating the odds and defeating all the obstacles he had to face. Even though he came from an Indian reservation where people saw themselves as failures, he overcame those odds and saw that he can choose how his life turns out. The narrator is educated of being an Indian facing racism and discrimination. The story talks about the narrator’s education from the first through twelfth grade but doesn’t necessarily give the image of him getting an education but rather it sends out the message of him learning to be an Indian.

Wednesday, October 23, 2019

Global Warming and Photosynthesis Essay

Introduction: Photosynthesis can reduce the amount of carbon dioxide in the air. It represents a sink for carbon dioxide in the environment. Reducing forests and other vegetation can produce a net increase in atmospheric carbon dioxide. Therefore, more photosynthesis might act to reduce global warming. On the other hand, this is a more complicated title than it appears at first. Photosynthesis: The process in green plants and certain other organisms by which carbohydrates are synthesized from carbon dioxide and water using light as an energy source. Most forms of photosynthesis release oxygen as a byproduct. the reaction of this process: Chlorophillian pigment 6H2O + 12CO2 + S.E ———————–> C6H12O6+ 6O2 + 6H2O Easily, we can explain the reaction like 6 molecules of water plus, 12 molecules of Carbon Dioxide plus Sun energy, cross with chlorophillian pigment, in the product we have glucose, plus oxygen, plus water. We can put so briefly the process saying that the organisms use the energy from sunlight to produce sugar, which cellular respiration converts into ATP, The conversion of no usuable sunlight energy into usable chemical energy, is associated with the actions of the green pigment chlorophyll. Most of the time, the photosynthetic process uses water and release the oxygen that we absolutely must have to stay alive Importance of the photosynthesis: Animals and plants both synthesize fats and proteins from carbohydrates; thus  glucose is a basic energy source for all living organisms. The oxygen released (with water vapor, in transpiration) as a photosynthetic byproduct, principally of phytoplankton, provides most of the atmospheric oxygen vital to respiration in plants and animals, and animals in turn produce carbon dioxide necessary to plants. Photosynthesis can therefore be considered the ultimate source of life for nearly all plants and animals by providing the source of energy that drives all their metabolic processes Global warming concept: is when the earth heats up (the temperature rises). It happens when carbon dioxide, water vapor, nitrous oxide, and methane trap heat and light from the sun in the earth’s atmosphere, which increases the temperature. Global warming process: Some gases in the air are called â€Å"greenhouse gases†. These are gases, like water vapor and carbon dioxide, that are transparent to visible light (from the Sun), but absorb infrared light (from the Earth). When visible light from the Sun hits the earth, it zips through the atmosphere, hits the earth, and warms the earth. The earth emits some of this energy back out into space, keeping the planet cool. But the energy we emit is in the infrared, and some of that is absorbed by greenhouse gases in the air instead of going back out into space. When that happens, the air gets warmer — and the planet as a whole gets warmer too. We humans used to burn wood for fuel. When we burned wood, the carbon dioxide we were releasing was the same carbon dioxide that the tree extracted from the air when it was growing; so the net effect was zero: as long was we planted a new tree to take the place of the old one, no â€Å"extra† carbon dioxide got into the air. How does photosynthesis affect global warming? Global warming is the increase in the average temperature of the Earth’s surface and is caused by greenhouse gases in the Earth’s atmosphere. The more greenhouse gases there are, the warmer the Earth gets. The warmer the  Earth gets, the bigger the increase in the average temperature of the Earth’s surface. So, more global warming means more greenhouse gases which means more carbon dioxide in the Earth’s atmosphere. Plants need carbon dioxide for photosynthesis. Therefore more global warming equals to more carbon dioxide which means more more photosynthesis to make food(for the plants). Thus, global warming may be good for plants, but if you consider all the negative effects it has on the Earth, the negative effects outweigh the positive ones, definitely. When I was doing my research I saw that now the scientist wants to contrarest the global warming with artificial photosynthesis, that this is a new study that they opened to make possible the artificial plants for future time, when the photosynthesis that we have here it will not eough.Global warming is the increase in the average temperature of Process of photosynthesis: http://biology.clc.uc.edu/courses/bio104/photosyn.htm Importance of Photosynthesis — Infoplease.com http://www.infoplease.com/encyclopedia/science/photosynthesis-importance-photosynthesis.html#ixzz2ElihlMFm Photosynthesis concept: http://www.thefreedictionary.com/photosynthesis http://wiki.answers.com/Q/How_does_photosynthesis_affect_global_warming