Fourteen Amendment Reconstruction Essays

Fourteen Amendment Reconstruction Essays Fourteen Amendment Reconstruction Essay Fourteen Amendment Reconstruction Essay The fourteenth amendment reconstruction was generally a proposal intention that was objectively driven by the congress on thirteenth June in the year eighteen sixty-six. It was a serious effort commitment by the congress to propose it in the United States constitution as they had wished before. In order for this proposal to have become an official amendment, it was subjected to different trials and procedures which were to be successfully handled in order to be official as an amendment. Basically, the proposal has to achieve the ratification by the representative legislatures, who were supposed to be an origin from the required states in order for the proposal to achieve a successful amendment. Though the amendment was to empower, it was rejected by most states who were from the southern states, though this was not in a position of stopping the implementation since the requirement was fulfilled which was a ratification by the three-fourth of the states , known as the Reconstruction C onsidering the continuous positive progress that the proposal achieved, on twentieth July, eighteen sixty-eight, the amendment was able to be ratified and William Seward who was the states secretary confirm the certification on the amendment ratification, later after all the required procedure met , it was with pride fulfilling the intention of congress and was finally added to the federal constitution (Collins). Purpose of the 14th Amendment Purposefully the fourteenth amendment was to serve an integral role to some of the individuals who were by that time considered strangers in the united state; it granted the power for one to become a citizen through giving citizenship to all the individuals and members who were naturalized and born in the United States, generally this were a group of slaves who obtained their freedom and were now free after the civil war. In reference to (Scaturro) the fourteenth amendment had an important role to play as it was;; projected by the congress. Firstly, the amendment; was to help in the addressing of; the rights of citizens, it was to offer support and protection to the citizens rights considering the tradition which at one point was oppressive in nature and didn;t give freedom to all .additionally, the proposal was raised to curb the uncertainty and the level; of discrimination, that was being experienced during the that time, some selected people had no freedom to do a lot of things an d were existing and being kept as slaves to just work and not to be seen and heard. The amendment was to offer a solution to the improper treatment of the men who were freed after the war was over, through being granted citizenship, the amendment was so helpful , they become citizens who were now had the total right to enjoy their rights as part and parcel of one family of united states. : Since 14th amendment was favoring both African American and women, both the two parties tried taking advantage it; women mostly used it to demand their rights to be recognized as useful member of the society, they fight and demonstrated to sensitize on the prevention of woman discrimination, women wanted themselves to respected and to be recognized as useful members of the society. In this case, the amendment worked in their favor since they were able to fight for their rights. African American t one point became so rebellious and was now using the amendment to gain respect and make them known (Scaturro) Notably, this amendment was beneficial to humanity since it was able to forbid any state to deny any individual liberty, life or property without the proper process of using the law. It also forbids denial of any individual within its jurisdiction the fairness and balance protection of the law. The rule was applied to all black Americans except the Indians and the barred, who didn;t enjoy this privilege. The 14th amendment was so integral and crucial since it was able to solve and address apportionment. This gave; Blacks the respected they were craving for , the dignity and the stipulation of being appreciated and being able to identify as a whole individual and not half as the white ; used to refer to them before. Blacks were viewed as kids who were not able to reason as a grown up and make a; sound decision, this made black people be either be seen as kids or a half a human being whose brain have not well developed. With the 14th amendment, this perception was removed and blacks were now being able to be counted as one whole individual, evidently in the constitution, before when it comes to counting, or recognizing the presence of a black person, they were being counted as a fifth of an individual. This was not fair and it was a strategy to undermine black and make them work hard for the white people. Effects of the 14th Amendment on constitutional law Additionally, the application of the; 14th amendment had a great impact on how the government of united states was functioning, it placed a limiting standard on the amount of power the state government could own, this was contrary to the past where the state government had all the power which were even frustrating black people. Most of the protection that was implemented and added to the bill of right was only not active in the federal government; the same bill also impacted and was implemented in the states (McKitrick). This withdrew some power that state had and some restriction when it comes to the bill of rights was implemented. Limitation of the Amendment Considering all the good benefit that was associated with the fourteenth amendment especially to the black community, the 14th amendment was still in it circles associated with some limitation that the black didn;t enjoy. Though blacks were granted the full freedom and the ability to become citizens of United States through birth and naturalization, they didn;t enjoy the freedom to vote for the best leader of their choice. This still made them separated since they started feeling like they are not part of the full citizenship if they cannot vote and even elect the best leader to rule them. Blacks grievances of not being given the opportunity to votes were later considered in the fifteenth amendment, which took place in the eighteen seventy. Additionally, the 14th amendment made blacks have equal rights, when the federal law was involved and put into consideration. This was in return inserted pressure and at one point the federal government faced a lot of challenges implementing and hindrance in the policies enforcement. In most parts of the south, blacks were murdered and even kept franchised through methods like the poll taxes and the literacy test (Halbrook). Some groups that were dangerous for example as Ku Klux made a tough reconstruction by murdering the black people and even leaders from the republican side. Section of the Amendment ;Basically, the first section of the fourteenth amendment, focused on; immunities clauses which focused mostly on fighting against racism, it was majorly implemented to support the black and ,due process clause, was able to protect an individual through protecting individuals deprivation of life ,property, and liberty. In; citizenship clauses; a wider definition of citizenship, various ways one can be a citizen of united states and the role and responsibility of a citizen, privileges clauses, and the equal protection clauses (Berkin et al.). Conclusion In conclusion, the 14th amendment worked very hard in resolving one of the pre-civil war issues that were mostly affecting the African American, the amendment was in return quite beneficial since, it acted like a bridge, which brought the connection between slavery and total freedom. Blacks could receive citizenship through naturalization and through birth; this was a breakthrough from slavery since they were given the sense of belonging by acquiring citizenship. Through the amendment, the African America were given the confirmation of different opportunities rights and privileges of a normal citizen with equal protection of the law, this amendment was a breakthrough for African American. Work cited Berkin, Carol et al. Making America: A History of the United States, Volume I: To 1877. Cengage Learning, 2007. Print. Collins, Charles Wallace. The Fourteenth Amendment and the States: A Study of the Operation of the Restraint Clauses of Section One of the Fourteenth Amendment to the Constitution of the United States. Springer Science ; Business Media, 2013. Print. Halbrook, Stephen P. Freedmen, the Fourteenth Amendment, and the Right to Bear Arms, 1866-1876. Greenwood Publishing Group, 1998. Print. McKitrick, Eric L. Andrew Johnson and Reconstruction. Oxford University Press, 1988. Print. Scaturro, Frank J. The Supreme Court;s Retreat from Reconstruction: A Distortion of Constitutional Jurisprudence. Greenwood Publishing Group, 2000. Print.

Biography of Rosa Parks, Civil Rights Pioneer

Biography of Rosa Parks, Civil Rights Pioneer Rosa Parks (February 4, 1913–October 24, 2005) was a civil rights activist in Alabama when she refused to give up her seat on a Montgomery bus to a white person: her case touched off the Montgomery Bus Boycott and was a significant milestone forcing the Supreme Court to end segregation. She once said, When people made up their minds that they wanted to be free and took action, then there was change. But they couldnt rest on just that change. It has to continue. Parks words encapsulate her work as a symbol of the Civil Rights Movement. Fast Facts Known For: Civil rights activist in the American south of 1950s and 1960sBorn: February 4, 1913, in Tuskegee, Alabama, USAParents: James and Leona Edwards McCauley  Died: October 24, 2005, in Detroit, MichiganEducation: Alabama State Teachers College for NegroesSpouse: Raymond ParksChildren: None Early Life Born Rosa Louise McCauley on February 4, 1913 in Tuskegee, Alabama. Her mother, Leona Edwards was a teacher and her father James McCauley, was a carpenter. Early in Parks childhood, she moved to Pine Level, right outside the capitol of Montgomery. Parks was a member of the African Methodist Episcopal Church (AME) and attended primary school until the age of 11. Everyday Parks walked to school and realized the disparity between black and white children. In her biography, Parks recalled Id see the bus pass every day. But to me, that was a way of life; we had no choice but to accept what was the custom. The bus was among the first ways I realized there was a black world and white world. Education and Family Parks continued her education at the Alabama State Teachers College for Negroes for Secondary Education. However, after a few semesters, Parks returned home to care for her ailing mother and grandmother. In 1932, Parks married Raymond Parks, a barber and member of the NAACP. Through her husband, Parks became involved in the NAACP as well, helping to raise money for the Scottsboro Boys. In the daytime, Parks worked as a maid and hospital aide before finally receiving her high school diploma in 1933. Civil Rights Movement In 1943, Parks became even more involved in the Civil Rights Movement and was elected secretary of the NAACP. Of this experience, Parks said, I was the only woman there, and they needed a secretary, and I was too timid to say no. The following year, Parks used her role as secretary to research the gang rape of Recy Taylor. As a result, other local activist established the Committee for Equal Justice for Mrs. Recy Taylor. Through the help of newspapers such as Chicago Defender the incident received national attention. While working for a liberal white couple, Parks was encouraged to attend the Highlander Folk School, a center for activism in workers rights and social equality. Following her education at this school, Parks attended a meeting in Montgomery address the Emmitt Till case. At the end of the meeting, it was decided that African-Americans needed to do more to fight for their rights. The Montgomery Bus Boycott It was 1955 and just a few weeks before Christmas and Rosa Parks boarded a bus after working as a seamstress. Taking a seat in the colored section of the bus, Parks was asked by a white man to get up and move so that he could sit. Parks refused. As a result, the police were called and Parks was arrested. Parks refusal ignited the Montgomery Bus Boycott, a protest that lasted 381 days and pushed Martin Luther King Jr. into the national spotlight. Throughout the boycott, King referred to Parks as the great fuse that led to the modern stride toward freedom. Parks was not the first woman to refuse to give up her seat on a public bus. In 1945, Irene Morgan was arrested for the same act. And several months before Parks, Sarah Louise Keys and Claudette Covin committed the same transgression. However, NAACP leaders argued that Parks- with her long history as a local activist- would be able to see a court challenge through. As a result, Parks was considered an iconic figure in the Civil Rights Movement and the fight against racism and segregation in the United States. Following the Boycott Although Parks courage allowed her to become a symbol of the growing movement, she and her husband suffered severely. Park was fired from her job at the local department store. No longer feeling safe in Montgomery, the Parks moved to Detroit as part of the Great Migration. While living in Detroit, Parks served as secretary for U.S. Representative John Conyers from 1965 to 1969. Following her retirement, Parks wrote an autobiography and lived a private life. In 1979, Parks received the Spingarn Medal from the NAACP. She was also the recipient of the Presidential Medal of Freedom, the Congressional Gold Medal When Parks died in Detroit on October 24, 2005, she became the first woman and second non-U.S. government official to lie in honor at the Capitol Rotunda. Sources Rosa Parks, civil rights pioneer, dies. The New York Times, October 25, 2005.  Rowbotham, Sheila. Rosa Parks: Activist whose refusal to give up her bus seat ignited the US civil rights movement. The Guardian, October 25, 2005.Sullivan, Patricia. Bus Ride Shook a Nations Conscience. Washington Post, October 25, 2005.  Theoharis, Jeanne. The Rebellious Life of Mrs. Rosa Parks. Boston: Beacon Press, 2013.

Global warming Research Paper Example | Topics and Well Written Essays - 1250 words - 1

Global warming - Research Paper Example While many people recognize and acknowledge that global warming is something that we should concern ourselves with, there are others still that believe the issue is either not that vital or that global warming is something that we can benefit from. However, given the rather drastic increase in the temperature of the earth, global warming is an event that should be taken seriously in the hopes of preventing drastic damage to our environment and our lives. History of Global Warming The premise for global warming dates back to the 1800s, when it was noted that, due to the first Industrial Revolution, the coal, railroad, and land clearing prompted greenhouse gas emissions to speed up (Weart 29). It was noted at the time of the second Industrial Revolution that electricity, public health, and fertilizers further accelerated the greenhouse gases. It was revealed the various ways in which the earth’s temperature was changing in relation to certain events or situations, such as wars o r population growth. It was not until the late 1990s that it was discovered that the changing of the temperature was changing rapidly throughout the world and fears began to grow about what global warming was capable of doing. In 2009, it had been announced that global warming was moving at a faster pace. ... Pros of Global Warming Many people believe that global warming can be beneficial to humanity and should be embraced, not feared. One of the examples as to how global warming can be beneficial is that some of the frozen regions of the earth, such as Arctic, Antarctic, and Siberia have the possibility of experiencing plant growth and milder climates (Houghton 94). This could also hold true for other places throughout the world that may be too cold for plant growth, which could aid in the issues of hunger in some of the third world countries. Similarly, the agriculture seasons would be much longer, allowing for increased production, thus aiding and boosting the economy. If the weather were warmer more often, there would be fewer injuries and deaths due to the cold. This could be especially helpful to people that live rather exposed in colder climates. It would also take less energy consumption to make colder places warmer, which would help the country with the ever-growing concerns of f inite resources. Though many of these sound like welcome changes to the way the world is now, they have their downfalls, thus turning down the potential benefits of global warming. The frozen regions of the world were not meant to have plant or agricultural growth, and this could prove to have repercussions on the ecosystem. An increase in agricultural bounty would be useful, but overproduction would not be useful. Finally, though warmer weather may mean fewer deaths due to cold weather, there could be an increase in deaths due to warmer weather if things get too hot for people. Cons of Global Warming Perhaps unsurprisingly, the cons of global warming greatly outweigh the pros. The greatest consequence we could see due to global warming is further complications with

Case management concepts to care for patients with high-risk complex Essay

Case management concepts to care for patients with high-risk complex needs - Essay Example Existing literature on the subject of case management has often found that it is successful and beneficial to the patient, their families and their caregivers (Bergen 1992; Pugh et al. 2001; Riegel, Carlson, Kopp, LePetri, Glaser & Unger 2002). Case management can be especially beneficial for patients that have high-risk complex needs, such as elderly patients with congestive heart failure and diabetes, and it appears to be cost effective and improve patients’ quality of life (Pugh et al. 2001). An example of using case management for patients with congestive heart failure is described in an article by Riegel et al. (2002). The study aimed to determine if a standardized telephonic case-management intervention had any effect on reducing the number of resources utilized by patients (Riegel et al. 2002). Participants in the study received standardized calls from a case manager on a regular basis over the six months of the study. Results of this study indicated that the phone call s did significantly decrease the resources required by patients (Id.). The telephonic case-management intervention also resulted in significantly lower costs for patient care. Basically, the study results found that the telephonic case management resulted in significant decreases in physician office visits, hospital days, emergency department visits, and rates of rehospitalization (Id.). Interestingly, the study also found that some of the telephonic case management interventions were more effective than others. However, it is not clear which factors of the intervention actually influence the effectiveness of the results and further research is needed in this area (Id.). Other studies assessing the effectiveness of case management in patients with congestive heart failure also found that case management intervention was beneficial to the patients (Laramee, Levinsky, Sargent, Ross & Callas 2003; Pugh et al. 2001). In fact, nearly all of the research on the subject of using case manag ement strategies with congestive heart failure patients found the intervention could be linked to decreased hospital readmission, cost savings and improved functional health status (Laramee et al. 2003). Another population which can benefit from case management intervention is the population of older people living in the community (Bergen 1992; Bernabei et al. 1998). Existing literature on the subject seems to indicate that integrated community care that includes case management strategies has positive effects on the elderly population that is living in the community (Bernabei et al. 1998).In fact, Bernabei et al. (1998) found the intervention led to reduced risk of hospitalization and reduced length of stay in the hospital or nursing home, less physical decline among patients, and reduced health care costs. Case management strategies have also been beneficial to elderly diabetic patients, especially those living alone (Huang, Wu, Jeng & Lin 2004). Elderly diabetes patients that liv e alone face a number of challenges and often cannot perform self-care independently (Huang et al. 2004). Through home-based case management intervention patients can be educated in diabetes self-management (Funnell et al. 2007). Results of the study indicated that a home-based nursing case management strategy improved quality of life for elderly diabetics living alone, although much more research is needed so that more strategies may be developed to treat these populations in our society Case

Solution Manual for Fundamentals of Investing Essay Example for Free

Solution Manual for Fundamentals of Investing Essay Key Concepts 1.The meaning of the term investment and the implications it has for individual investors 2.Review the factors used to differentiate between different types of investments 3.The importance of and basic steps involved in the investment process 4.Popular types of investment vehicles, including short-term vehicles, common stock, mutual funds and exchange-traded funds, fixed‑income securities such as bonds, preferred stock, and convertibles 5.Derivative securities such as options and futures 6.Other popular investments such as real estate, tangibles, and tax-advantaged investments 7.Investment goals including income, major expenditures, retirement, and sheltering income from taxes; the latter includes analysis of tax-advantaged retirement vehicles 8.Building a diversified portfolio consistent with investment goals 9.Sources of taxation, types of taxable income, and the effect of taxes on the investor 10.Developing an investment program that considers differing economic environments and the life cycle 11.The use of short-term securities in meeting liquidity needs 12.The merits and suitability of various popular short‑term investments, including deposit accounts and money market securities Overview This chapter provides an overview of the scope and content of the text. 1.The term investment is defined, and the alternative investment opportunities available to investors are classified by types. 2.The structure of the investment process is examined. This section  explains how the marketplace brings together suppliers and demanders of investment funds. 3.The key participants in the investment process—government, business, and individuals—are described, as are institutional and individual investors. 4.Returns are defined as rewards for investing. Returns to an investor take two forms—current income and increased value of the investment over time. In this section, the instructor need only define return, since there will be another opportunity to develop the concept of return in Chapter 4; also, providing information about recent investment returns always engages students’ attention. 5.Next, the following investment vehicles available to individual investors are discussed: short-term vehicles, common stock, fixed‑income securities, mutual funds, exchange-traded funds, hedge funds, real estate, tangibles, tax-advantaged investments, and options and futures. The text describes their risk-return characteristics in a general way. The instructor may want to expand on the advantages and disadvantages of investing in each, although they will be treated in greater detail in subsequent chapters. It is vital for any investor to establish investment goals that are consistent with his or her overall financial objectives. 6.Once the investment goals have been well specified, the investor can adopt an investment plan consistent with these goals, select suitable investments, and build a diversified portfolio and manage it. 7.Personal taxes are discussed in terms of types of income and tax rates. The investment process is affected by current tax laws. Examples of tax shelters, especially tax-advantaged retirement vehicles, and tax planning are provided. 8.Once investment goals are established, it is important to understand how the investment process is affected by different economic environments. The chapter talks about types of investments such as stocks, bonds, and tangibles as they are affected by business cycles, interest rates, and inflation. 9.Liquidity is defined, and short-term securities that can be used to meet liquidity requirements are described. The discussion includes a look at short-term interest rates and the risk characteristics of various short-term securities. 10.The next section covers the various types of short-term vehicles available to today’s investor. The text provides enough detail about everything from passbook accounts to money market funds to commercial paper that students should get a good grasp of the differences between the vehicles. Information on current rates brings realism into the classroom and enhances student perception of the lecturer as a knowledgeable instructor. Answers to Concepts in Review 1.An investment is any asset into which funds can be placed with the expectation of preserving or increasing value and earning a positive rate of return. An investment can be a security or a property. Individuals invest because an investment has the potential to preserve or increase value and to earn income. It is important to stress that this does not imply that an investment will in fact preserve value or earn income. Bad investments do exist. 2.(a)Securities and property are simply two classes of investments. Securities are investments, commonly evidenced by certificates, that represent a legal claim. For example, a bond represents a legal claim on debt, and a stock represents a proportionate ownership in a firm. An option, on the other hand, represents the legal right to either buy or sell an asset at a predetermined price within a specified time period. Property constitutes investments in either real property (land and buildings) or tangible personal property (Rembrandt paintings, Ming vases, or antique cars). (b)With a direct investment, an individual acquires a direct claim on a security or property. For example, an investment in one share of IBM stock directly provides the stockholder a proportionate ownership in IBM. An indirect investment provides an indirect claim on a security or property. For example, if you bought one share of Fidelity Growth Fund (a mutual fund), you are in effect buying a portion of a portfol io of securities owned by the fund. Thus, you will have a claim on a fraction of an entire  portfolio of securities. (c)An investment in debt represents funds loaned in exchange for the receipt of interest income and repayment of the loan at a given future date. The bond, a common debt instrument, pays specified interest over a specified time period, then repays the face value of the loan. (Chapters 10 and 11 cover bonds in detail.) An equity investment provides an investor an ongoing fractional ownership interest in a firm. The most common example is an investment in a company’s common stock. We will study equity instruments in greater detail in Chapters 6 through 8. Derivative securities are securities derived from debt or equity securities and structured to exhibit characteristics different from the underlying securities. Options are derivative securities that allow an investor to sell or buy another security or asset at a specific price over a given time period. For example, an investor might purchase an option to buy Company X stock for $50 within nine months. (d)Short-term investments typically mature within one year while long-term investments have longer maturities, including common stock, which has no maturity at all. However, long-term investments can be used to satisfy short-term financial goals. 3.In finance, risk refers to the chance that the return from an investment will differ from its expected value. The broader the range of possible values (dispersion), the greater is the risk of the investment. Low-risk investments are those considered safe with respect to the return of funds invested and the receipt of a positive rate of return. High-risk investments are those that have more uncertain future values and levels of earnings. 4.Foreign investments are investments in the debt, equity, derivative securities of foreign-based companies, and property in a foreign country. Both direct and indirect foreign investments provide investors more attractive returns or lower-risk investments compared to purely domestic investments. They are useful instruments to diversify a purely domestic portfolio. 5.The investment process brings together suppliers and demanders of funds. This may occur directly (as with property investments). More often the investment process is aided by a financial institution (such as a bank,  savings and loan, savings bank, credit union, insurance company, or pension fund) that channels funds to investments and/or a financial market (either the money market or the capital market) where transactions occur between suppliers and demanders of funds. 6.(a)The various levels of government (federal, state, and local) require more funds for projects and debt repayment than they receive in revenues. Thus, governments are net demanders of funds. Governments also demand funds when the timing of their revenues does not match their expenditures. The term net refers to the fact that, while governments both supply and demand funds in the investment process, on balance they demand more than they supply. (b)Businesses are also net demanders, requiring funds to cover short‑ and long‑term operating needs. While business firms often supply funds, on balance they also demand more than they supply. (c)Individuals are the net suppliers of funds to the investment process. They put more funds into the investment process than they take out. Individuals play an important role in the investment process—supplying the funds needed to finance economic growth and development. 7.Institutional investors are investment professionals who are paid to manage other people’s money. They are employed by financial institutions like banks and insurance companies, by nonfinancial businesses, and by individuals. Individual investors manage their own personal funds in order to meet their financial goals. Generally, institutional investors tend to be more sophisticated because they handle much larger amounts of money, and they tend to have a broader knowledge of the investment process and available investment techniques and vehicles. 8.Short‑term investments usually have lives of less than one year. These vehicles may be used to â€Å"warehouse† temporarily idle funds until suitable long‑term vehicles are found. Due to their safety and convenience, they are popular with those who wish to earn a return on temporarily idle funds or with the very conservative investor who may use these short‑term vehicles as a primary investment outlet. In addition to their â€Å"warehousing† function, short-term vehicles provide liquidity—they can be converted into cash  quickly and with little or no loss in value. This characteristic is very useful when investors need to meet unexpected expenses or take advantage of attractive opportunities. 9.Common stock is an equity investment that represents a fractional ownership interest in a corporation. The return on a common stock investment derives from two sources: dividends, which are periodic payments made by the firm to its shareholders from current and past earnings, and capital gains, which result from selling the stock at a price above the original purchase price. Because common stock offers a broad range of return-risk combinations, it is one of the most popular investment vehicles. 10.a.Bonds are debt obligations of corporations or governments. A bondholder receives a known interest return, typically semi-annually, plus the face value at maturity. Bonds are usually issued in $1,000 denominations, pay semi-annual interest, and have 20- to 40-year maturities. Bonds offer fixed/certain returns, if held until maturity. b.A convertible security is a fixed-income security, either a bond or preferred stock, which has a conversion feature. Typically, it can be converted into a specified number of shares of common stock. Convertible securities are quasi-derivative securities, as their market value would depend on the price of the common stock and the conversion ratio. c.Preferred stock is very much like common stock in that it represents an ownership interest in a corporation. But preferred stock pays only a fixed stated dividend, which has precedence over common stock dividends, and does not share in other earnings of the firm. d.A mutual fund is a company that invests in a large portfolio of securities, whereas a money market mutual fund is a mutual fund that solely invests in short-term investment vehicles. Investors might find mutual funds appealing because a large portfolio may be more consistent with their investment goals in terms of risk and return. As we will see later, a mutual fund offers the investor the benefits of diversification and professional management. Mutual funds do not offer fixed/certain returns. Mutual funds are quasi-derivative securities, as their market value would depend on the price of the assets that make up the fund’s portfolio. Exchange-traded funds are similar to mutual funds but are traded throughout the day on exchanges and priced continuously. e.Similar to mutual funds,  hedge funds pool the investors’ funds to invest in securities but are open to a narrower group of investor than mutual funds and may employ high-risk strategies. They do not offer a fixed return and are most often not based on derivatives. Hedge funds usually employ a professional manager. f.Options are derivative securities that provide holders the right to buy or sell another security (typically stock) or property at a specified price over a given time period. Factors like the time until expiration, the underlying stock price behavior, and supply and demand conditions affect the returns. g.Futures represent contractual arrangements in which a seller will deliver or a buyer will take delivery of a specified quantity of a commodity at a given price by a certain date. Unlike an option, which gives the investor the right to purchase or sell another security, futures contracts obligate the investor to deliver or take delivery. Factors affecting returns on commodity contracts include changes in government policy, unpredictable weather, trade embargoes, and other events. 11.Before developing and executing an investment program, an investor must ensure the following: ï‚ ·Necessities of life such as funds for housing, food, transportation, taxes, etc. are fully provided for. The investor is adequately insured against the losses resulting from death, illness or disability, property damage, etc. Retirement goals are established. The seven steps in investing are as follows: (1)Meet investment prerequisites. Provide for the necessities of life, adequate protection against losses, and setting retirement goals. (2)Establish investment goals. Investment goals are the financial objectives that one wishes to achieve by investing. Common investment goals are: Accumulate retirement funds Enhance current income through interest income and dividends Save for major expenditures like home, education, etc. Shelter income from taxes (3)Adopt an investment plan. An investment plan is a written document describing how funds will be invested. The more specific your investment goal, the easier it will be to establish an investment plan consistent with  your goals. (4)Evaluate investment vehicles. In this step, the measures of risk and return are used to estimate the perceived worth of an investment vehicle. This process is called valuation. (5)Select suitable investments. This step involves careful selection of investments that are consistent with established goals and offer acceptable levels of return, risk, and value. (6)Construct a diversified portfolio. Diversification is the concept of forming a portfolio using different investments to reduce risk and increase return. This concept is central to constructing an effective portfolio. (7)Manage the portfolio. Portfolio management involves monitoring the portfolio and restructuring it as dictated by the actual behavior of the investments. 12.Investment goals are the financial objectives you wish to achieve by investing in any of a wide range of investment vehicles. Common investment goals are as follows: (1)Enhancing current income means choosing investment vehicles that regularly pay dividends and interest that can provide all or some of the money needed to meet living expenses. This is a common goal of retired persons and sometimes an important part of a normal family budget. (2)Saving for major expenditures includes money set aside for such things as the down payment on a home, college tuition, and even an expensive vacation. The amount of money needed and the time period over which one can save will determine the amount set aside and, frequently, the investment vehicle employed. (3)The single most important reason for investing is to accumulate retirement funds. The amount that must be set aside is determined by the level of expected expenditures, expected income from Social Security and other sources, and the amount of interest expected to be earned on savings. (4)Sheltering income from taxes involves taking advantage of certain tax provisions that permit reduction of the income reported to the government or direct reductions in taxes. Investments in certain assets, such as real estate, may be attractive due to their tax advantages. 13.Federal income taxes are charged against all income individuals receive from all sources (with the exception of interest received on some bonds issued by state and local governments). a.Active (ordinary â€Å"earned†) income is the broadest category and includes income from wages, salaries, bonuses, tips, pension income, and alimony. It is made up of income earned on the job as well as most other forms of noninvestment income. b.Portfolio (investment) income is earnings generated from various  types of investment holdings. For the most part, it consists of interest, dividends, and capital gains earned on most types of investments. Passive income is a special category that consists of income derived chiefly from real estate, limited partnerships, and other forms of tax shelters. c.Capital gains are the profits earned on the sale of capital assets—pleasure or investment. They are measured by the amount by which the proceeds from the sale of the capital asset exceed its original purchase price. Currently, long-term capital gains are taxed at preferential rates to ordinary income. Capital gains are appealing to investors because they are not taxed until they are actually realized. d.A capital loss is the amount by which the proceeds from the sale of a capital asset are less than its original purchase price. Up to $3,000 of net losses can be applied against ordinary income in any one year, with the unused portion carried forward to offset future income. e.Due to the opportunities and challenges created by the tax laws, tax planning is an important part of the investment process. Tax planning involves looking at an individual’s current and projected earnings and developing strategies that will defer or minimize the level of his or her taxes. Tax plans involve current income, capital gains, or tax-sheltered investments. For example, one strategy is to take losses as they occur and to delay taking profits in order to minimize current taxable income. f.In general, tax-advantaged retirement plans allow individuals to defer taxes on the contribution and/or portfolio earnings until some future date when retirement withdrawals take place. There are employer-sponsored plans (such as 401(k) accounts), individual-created plans (such as Keogh plans), and individual retirement accounts (IRAs). 14.Investors tend to follow different investment strategies as they move through different stages of their life cycle. a.Young investors, ages 20 to 45, tend to prefer growth-oriented investments that stress capital gains rather than income. These investors have little investable funds, and capital gains are seen as the quickest way to build up investment capital. b.By middle age, ages 45 to 60, there is a consolidation taking place as family demands and responsibilities change. While growth-oriented securities are still used, investing becomes less speculative. Quality-growth vehicles are employed, and more attention is given to current income. The foundation is being set for retirement. c.As the investor moves into the retirement years, age 60  on, preservation of capital and current income become the principal concerns. High-quality stocks and bonds and money market instruments are used as the investor’s objective is to live as comfortably as possible from the investment income. During retirement, one tries to reap the rewards of a lifetime of saving and investing. 15.Stocks and equity-related securities (such as mutual funds and convertibles) are highly responsive to the economic cycle. During recovery and expansion, stock prices are up. As the decline approaches, stock prices begin to decline as well. Growth-oriented and speculative stocks tend to do especially well in an expanding economy. Bonds and other fixed-income securities are sensitive to movements in interest rates. Bond prices also move in the opposite direction of interest rate changes. This means that if interest rates are expected to rise, bond prices would fall, and bonds would not be a good place to hold investment funds. Interest rates generally shift with the economic cycle. Rates rise during normal recovery and fall during economic declines. 16.An asset is liquid if it can be converted to cash (sold) easily and quickly, with little or no loss in value. You would want to hold liquid assets as emergency funds or to accumulate funds for some specific purpose. IBM stock is not considered a liquid investment even though it can be easily sold. As with stocks in general, you can never be sure that, when funds are needed, you can quickly sell the stock without taking a loss. 17.Purchasing power risk for short-term investments occurs when the rate of return on these investments falls short of the inflation rate. This generally happens to fixed-rate investments such as passbook savings accounts. Most other short-term investments have managed to provide rates of return about equal to the inflation rate when one looks at these short-term rates over long periods of time. Default (nonpayment) risk is very small with most short-term investments. The deposits in banks and other federally insured savings institutions are protected up to $100,000 per account by agencies of the federal government. U.S. Treasury bills are perfectly safe and sometimes called a risk-free investment. Commercial paper and repurchase agreements are extremely safe, based upon p ast experience, even though there have been rare instances of problems. These latter two instruments are also not insured. Money market mutual funds have also had an  exceptionally safe history. Of course, the safest money market funds are those that invest solely in government securities and are virtually default-risk-free. 18.Passbook savings accounts and NOW accounts (a checking account), offered by banks, generally pay a low rate of interest and have no minimum balance. Passbook savings and NOW accounts are primarily used by investors as savings accounts, providing the investor with a highly liquid pool of funds. MMDAs are bank deposit accounts with limited check-writing privileges. Central asset accounts are comprehensive deposit accounts and combine checking, investing, and borrowing activities. MMDAs and asset management accounts are more likely used by investors to earn a competitive short-term return while maintaining liquidity. Each type of account, except for asset management accounts, is insured. All but the passbook account typically require a minimum balance, which varies. 19.a. I bonds are savings bonds issued by the U.S. Treasury. They earn interest at a rate that varies with inflation. Interest is exempt from state and local taxes. They are issued in denominations that make them affordable to everyone and mature in 30 years but can be redeemed after one year. b.U.S. Treasury bills are short-term (less than one year) debt obligations of the federal government. T-bills are exempt from state and local income taxes, and federal taxes are deferred. They are regarded as the safest but generally lowest yielding of all investments, and the secondary market for T-bills is highly liquid. c.Certificates of deposits (CDs) are savings vehicles in which funds must remain on deposit for a specified period. Premature withdrawals incur interest penalties. Because of the requirement that they remain on deposit, CDs are less liquid than T-bills, but they are convenient to buy and hold, offer highly competitive returns, and have federal insurance protection. d.Commercial paper is unsecured short-term debt issued by corporations with very high credit standings. The secondary market for commercial paper is very limited and yields are comparable to yields on large-denomination CDs. Typically, only larger institutions deal directly in this market because the denominations range from $25,000 to the more commonly issued $100,000. Commercial paper is not federally insured. e.Bankers’ acceptances are short-term credit arrangements between business firms and banks. Firms use  banker’s acceptances to finance transactions, most often involving firms in foreign countries o r firms with unknown credit capacities. Banker’s acceptances typically are denominated in $100,000 units, are low-risk securities, and have active secondary markets. Yields are slightly below CD yields and commercial paper and above T-bills. f.Money market mutual funds (MMMFs) pool capital of many investors and invest it exclusively in high-yielding, short-term securities, such as T-bills, large CDs, commercial paper, and other similar securities. Because these high-yielding securities are in denominations of $10,000 to $1 million, the MMMF makes them available in a format that is affordable to individual investors. MMMFs are convenient, offer check writing privileges, and yields are based on the ability of the fund manager to invest in various short-term securities. Although they are not federally insured funds, their default risk is nearly zero because the securities they invest in are very low risk and the fund is relatively diversified. 20. The senior managers in a corporation, such as the chief financial officer (CFO), have the primary responsibility of managing the firm’s capital resources and investments. Because so much of the CFO’s primary responsibilities require an understanding of investment principles, a CFO must understand market forces but more importantly communicate in such a way that investors understand the value of the firm and the securities the firm has issued. 21.Because insurance companies have large sums of investment capital under management, they require the skills of a highly trained finance person in investment principles. Since this person is asked to manage risk for individuals as well as businesses, the decisions they make and the strategies they devise will assist the insurance companies’ customers in the creation of their individual successful asset and risk management strategies.

Irony in Ballards Chronopolis :: Ballard Chronopolis Essays

Irony in J. G. Ballard's Chronopolis J. G. Ballard gives us a good idea of the irony in 'Chronopolis' from the very beginning - the actual name 'Chronopolis' - city of time - is an ironic name for a city that has no time Throughout the story Ballard's view of time acts as a focus to the story, around which the plot revolves. The central point of the story is a world without time, without which the story would have no point - none of it would have happened, and it would be just like our world. The impression of time we are given at the beginning of the story is an ironic one, because it seems that time is important, but not really understood; we are told that Newman is in prison for understanding time - yet while he is in prison he controls the situation because of his knowledge of time, and organises the events of the day for Brocken (the block sergeant); 'Brocken... relied on Newman to programme the day for him'. The fact that Newman is 'serving time' for being obsessed with time is the first instance of irony through language that we are given in Chronopolis. This again brings our attention to the irony of Ballard's view of time, and provokes the reader to look more deeply into the text, thus discovering more about the way time works in the world of Chronopolis. At this point we do not learn any more about what happens to Newman, but instead the story has a flashback to when he was a child, and became interested in time. In this way the story is anachronistic - it is not in chronological order, and instead it switches between different points in time. This brings our attention to the way time works in 'Chronopolis'. Due to the fact that they have no time, their world is muddled up, and thinks have no real order - and this is reflected in the way Ballard writes the story. We are then told the story of Newman's childhood, and the way he slowly discovers time and gains an interest in it. Next we are told by Stacey (Newman's English teacher) why time is against the law: 'You can time [someone], know exactly how long it takes him to do something... then you can make him do it faster.

Tourism in India

www. Yesbank. in The Travel and Hospitality Industry India’s travel, tourism and hospitality industry is one of the fastest growing service industries in the country thanks to a burgeoning middle class, increasing purchasing power, a rising inflow of foreign tourists, and successful government campaigns promoting ‘Incredible India'. In 2011 alone, travel and tourism contributed to 6. 4% of the GDP, and is forecast to rise by 7. 3% in 2012. In terms of employment, travel and tourism directly supported 24,975,000 jobs (5% of employment) in 2011, and is expected to rise by 3% in 2012. Also read: Importance of Advertising in Tourism IndustryForeign Exchange Earnings (FEE) from tourism in 2011 were $16,564 million with a growth of 16. 7% over 2010. 14 Clearly, India is fast becoming a popular tourist destination world over. Between April 2000 and December 2011, the hotel and tourism sector generated a total of $3,195. 70 billion in Foreign Direct Investment (FDI). 15In 2011 alone, the country welcomed 6. 29 million foreign tourists, compared to 5. 78 million in 2010. 16By 2022, international tourist arrivals are forecast to total 11,276,000, generating an expenditure of `1,382. 6 billion. 7 In 2010-11, the travel and hospitality industry faced the challenge of a significant decline in corporate travel due to serious cost cutting by global corporate houses, as well as the fear of terrorism, and a lack of a sense of safety post the 2008 Mumbai terror attacks. However, the hospitality sector has shown resilience, improving its security management and performance. With the growth of budget hotels along with low cost airlines, online travel bookings, and group travel, SMEs in the travel and tourism sector have shown rapid progress.They have been targeting niche markets specializing in corporate travel, leisure travel, and even hitherto unheard services like wedding travel and planning. â€Å"IATA statistics show that today, maximum business is generated in Asia. Asia and particularly India now have a major role to play in shaping this sector while also enjoying maximum share. However, with more disposable income, Indians prefer to travel overseas rather than within the country.We have over 14 million Indians traveling overseas, but the figure for inbound tourism stands at a dismal 6 million – this can definitely increase if we begin to seriously promote India as a destination to be explored and discovered. †, says Vivek Dadhich, Managing Director of Noida-based Bluemoon Travels, a new age travel company offering leisure travel and MIC E – travel planning services for Meetings, Incentives, Conventions, and Exhibitions. As per an analysis done by retail consultancy Technopak, at the end of 2010 the Indian hotel industry’s worth was estimated around US$ 17 billion.The share of hotel and restaurant sector in the overall economy is still below 2 per cent. For the last five years the total contribution of the hospitality sector has remained stagnant. Although the overall share increased from 1. 46 per cent in 2004-05 to 1. 69 per cent in 2007-08, but then after the phase of economic meltdown in US the total share again decreased to 1. 45 per cent in 2009-10. India ranks in the 153rd position spending 0. 9% for tourism. The hotel and tourism industry’s contribution to the Indian economy by way of foreign direct investments (FDI) inflows were pegged at US$ 2. 5 billion from April 2000 to February 2011, according to the Department of Industrial Policy and Promotion (DIPP). As per an analysis done by r etail consultancy Technopak, at the end of 2010 the Indian hotel industry’s worth was estimated around US$ 17 billion. The share of hotel and restaurant sector in the overall economy is still below 2 per cent. For the last five years the total contribution of the hospitality sector has remained stagnant. Although the overall share increased from 1. 46 per cent in 2004-05 to 1. 69 per cent in 2007-08, but then after the phase of economic meltdown in US the total share again decreased to 1. 5 per cent in 2009-10. India ranks in the 153rd position spending 0. 9% for tourism. The hotel and tourism industry’s contribution to the Indian economy by way of foreign direct investments (FDI) inflows were pegged at US$ 2. 35 billion from April 2000 to February 2011, according to the Department of Industrial Policy and Promotion (DIPP). www. oifc. com overseas Indian facilitation center According to the Tourism Satellite Accounting (TSA) research, released by World Travel and Touri sm Council (WTTC) and its strategic partner Oxford Economics in 2011: * The direct contribution of Travel ;Tourism to GDP is expected to be INR 1,570. billion (US$ 35. 4 billion) (1. 9 per cent of total GDP) in 2011, rising by 8. 1 per cent per annum (pa) to INR 3,414. 8 billion (US$ 77. 0 billion*) (2. 0 per cent) in 2021 * The total contribution of Travel ;Tourism to GDP, including its wider economic impacts, is forecast to rise by 8. 8 per cent pa from INR 3,680. 4 billion (US$ 83. 0 billion) (4. 5 per cent of GDP) in 2011 to INR 8,523. 1 billion (US$ 191. 2 billion*) (4. 9 per cent) by 2021. Total Contribution of Travel ; Tourism to GDP Source: World Travel ; Tourism CouncilThe TSA research also states that the sector is expected to support directly 24,931,000 jobs (5. 0 per cent of total employment) in 2011, rising by 2. 0 per cent pa to 30,439,000 jobs (5. 2 per cent) by 2021. Hotel Industry Due to increasing number of foreign tourist arrivals, together with the growth of dome stic tourism in the country, the hotel industry is also witnessing continued momentum. The Indian Hospitality industry contributes around 2. 2 per cent of India’s GDP. The industry is expected to reach INR 230 billion (US$ 5. 2 billion*) by 2015, growing at a robust CAGR of 12. per cent. India will be investing around INR 448 billion (US$ 10. 1 billion*) in the hospitality industry in the next five years, according to a report ‘The Indian Hotel Industry Report – 2011 Edition’ by CYGNUS Business Consulting ; Research Firm. The industry also witnessed an increase in the number of hotel rooms with a growth of 5 per cent during the last three to four years. In the next two years, a total investment of US$ 12. 2 billion (INR 545. 2 billion*) is expected that will add over 20 new international brands in the hospitality sector.Rise of budget hotels in the country, like Ginger Hotels, Lemon Tree, Sarovar Hotels, Fortune Hotels, Ibis and Choice Hotels clearly sugge st a huge growth potential in the sector. The Growth Path Foreign tourist arrivals in the country have increased substantially during the past decade motivated by both, business and leisure needs and are further expected to grow at a compound annual growth rate (CAGR) of around 8 per cent during 2010-2014, as per a research report ‘Indian Tourism Industry Analysis’ by research firm RNCOS.In fact, the Tourism sector enjoyed strong growth during 2010, as indicated in the data released by the Ministry of Tourism in January 2011. As per the data, in 2010, the country experienced a strong rebound in the Tourism industry. Foreign Tourist Arrivals (FTAs) * FTAs in India during 2010 were 5. 58 million with a growth rate of 8. 1 per cent as compared to the FTAs of 5. 17 million and growth rate of (-)2. 2 per cent during 2009. * The 8. 1 per cent growth rate in FTAs for 2010 over 2009 for India is much better than UNWTO’s projected growth rate of 5 per cent to 6 per cent f or the world during the same period. FTAs during the month of June 2011, was 3. 96 lakh as compared to FTAs of 3. 70 lakh during the month of June 2010 and 3. 52 lakh in June 2009. There has been a growth of 7. 2 per cent in June 2011 over June 2010 as compared to a growth of 4. 9 per cent registered in June 2010 over June 2009. FTAs during the period January-June 2011 were 29. 19 lakh with a growth of 10. 9 per cent, as compared to the FTAs of 26. 32 lakh with a growth of 8. 9 per cent during January-June 2010 over the corresponding period of 2009. * FEE from Tourism in INR terms during 2010 were INR 648. billion as compared to INR 549. 6 billion during 2009 and INR 507. 3 billion during 2008. FEE from tourism in US$ terms during 2010 were US$ 14. 2 billion as compared to US$ 11. 4 billion during 2009 and US$ 11. 7 billion during 2008. * The growth rate in FEE in INR terms during 2010 was 18. 1 per cent as compared to the growth rate of 8. 3 per cent in 2009 over 2008. Therefore, t he growth rate observed in 2010 over 2009 was substantially high. The growth rate in FEE in US$ terms during 2010 was 24. 6 per cent as compared to a decline of 3 per cent in 2009 over 2008.Therefore, in US$ terms, also growth rate observed in 2010 was positive and substantially high. * FEE in INR terms during the month of June 2011 were INR 54. 4 billion as compared to INR 47. 5 billion in June 2010 and INR 38. 0 billion in June 2009. FEE in US$ terms during the month of June 2011 were US$ 1. 2 billion as compared to FEE of US$ 1. 0 billion during the month of June 2010 and US$ 0. 7 billion in June 2009. * The growth rate in FEE in INR terms in June 2011 over June 2010 was 14. 5 per cent as compared to 25. 0 per cent in June 2010 over June 2009.The growth rate in FEE in US$ terms in June 2011 over June 2010 was 18. 9 per cent as compared to the growth of 28. 1 per cent in June 2010 over June 2009. * FEE from Tourism in INR terms during January-June 2011 were INR 351. 6 billion with a growth of 12. 1 per cent, as compared to the FEE of INR 313. 7 billion with a growth of 27. 1 per cent during January-June 2010 over the corresponding period of 2009. * FEE from Tourism in terms of US$ during January-June 2011 were US$ 7. 8 billion with a growth of 14. 2 per cent, as compared to US$ 6. billion with a growth of 36. 6 per cent during January-June 2010 over the corresponding period of 2009. Visitor exports are a key component of the direct contribution of the sector. According to the TSA research, India is expected to attract 6,179,000 international tourist (overnight visitor) arrivals in 2011, generating INR 678. 6 billion (US$ 15. 3 billion) in visitor exports (foreign visitor spending, including spending on transportation). By 2021, international tourist arrivals are forecast to total 11,149,000, an increase of 6. per cent pa generating expenditure of INR 1,344. 7 billion (US$ 30. 3 billion*). Visitor Exports and International Tourist Arrivals Hospitalityindia. c om Tourism in India is the largest service industry, with a contribution of 6. 23% to the national GDP and 8. 78% of the total employment in India. Indiabiz. com According to Economic Survey of 2010-11 the average annual growth rate of hotel and restaurant sector has been 8. 8 per cent for the period during 2005-06 and 2009–10. However, last two years have not been quite pleasant for the sector as growth faltered badly.Till five years ago, the sector was registering a growth of around 15 per cent but slowdown in the economy has affected the growth prospects of the sector badly and the growth rate has dropped into single digit level. The sector registered negative growth (-3. 41 per cent) in 2008–09 over the year 2007–08, which was due to the adverse global economic conditions in this year. But, the sector is back in the positive growth territory and clocked a growth of 2. 2 per cent in 2009-10. Annual growth rate (in per cent) Year|   2005-06|   2006-07|   2007-08|   2008-09|   2009-10| Hotels ; Restaurants| 17. | 14. 4| 13. 1| -3. 1| 2. 2| Source: Economic Survey 2010-11 Growth Prospects Healthy economic growth recorded in past few years, especially in the services industry, has led to increase in business travel. Higher disposable income and affordability have increased domestic leisure travel in India. Foreign tourist arrivals in India have also grown. The industry’s performance was hit in 2009 due to the global economic slowdown, terror attacks in Mumbai (November 2008) and H1N1 virus. However, the industry has shown signs of recovery in the first half of 2010.This is a clear indicator that the long-term prospects for the Indian travel and tourism industry are bright. India is expected to witness increased tourist activity both in the business and leisure segments in the coming years. International inbound traffic is expected to grow rapidly with increasing investment and trade activity. India has been identified as on e of the fastest-growing countries in terms of tourism demand. The travel and tourism demand is expected to reach US$ 266. 1 bn (` 14,601. 7 bn) by 2019. During 2004–2009 travel and tourism demand in India increased at a compound annual growth rate (CAGR) of 16. % to US$ 91. 7 bn (` 4,412. 7 bn) and foreign exchange earnings from tourism increased ~13% to US$ 11. 39 bn. Some prominent players : Sahara group, viceroy hotels,Carlson, UAE based Istithmar hotel, Netherlands based Golden Tulip Hospitality group, IRCTC, Leela Palace and resorts, DLF Universal Major players: Indian Hotels Company Limited (the Taj group) EIH Limited (the Oberoi group) ITC Hotels Limited Indian Tourism Development Corporation Small chains: Hotel Leela Venture Asian Hotels (Hyatt International Corporation) Bharat Hotels Public Sector Chain:ITDC and HCI Govt initiatives: Incredible India Atithie devo bhava Porter’s five forces: Threat of substitute goods: Presence of many hotels around the corner Hotels have varying price ranges and amenities and it is difficult to predict customer’s choice of choosing a hotel. The internet makes the overall market more efficient while expanding the size of the potential market and creating new substitution threats. Another hotel chain may erode your customer base with a newly formulated internet approach or marketing campaign. Bargaining Power of Buyers:Business persons choosing a hotel are tech savvy and find it easy to search for cheaper hotels in internet and book them. This eliminates middle men and intermediaries which in turn increases the bargaining power. The cost of switching is very low, which is again a high bargaining power on the side of buyers. This industry has numerous customers who are  relatively very small in size. Loss of  a single customer has little impact on a hotel company and this drives down the buyers  bargaining power. Rivalry among existing competitors The rivalry among competitors in the hotel ind ustry is fierce.When potential customers can learn about a hotel on line, the internet reduces the differences among competitors. People tend to seek the best price for the best experience and the tendency is to reduce price to be competitive. The internet covers wide geographical areas so the market is widened increasing the number of competitors. Barriers to entry: Initial investment cost is very high. A vital barrier would be differentiation. A hotel that can differential itself by location, by service, amenities or some other quality has the potential to attract and keep its clients.Another barrier to entry would be expertise. Unfortunately, in a mobile society employees frequently leave one hotel chain to work in another and they take that expertise in terms of training or of experience with them. It is in the areas of expertise and of differentiation that a hotel can make the greatest impact on its client and thereby on its bottom line. Economies of scale are also a huge facto r in this industry. Profitability of hotel chains is  drastically higher  than individual operations.A new entrant cannot  compete with established players in terms or quality and price  if they cannot establish significant economies of scale. High exit barriers because of the specialized assets. Bargaining power of suppliers: Two key suppliers for hotel industry are labour and real estate. The number of suppliers for  the Hotel industry is quite large and each supplier  is very small in size compared to the leading players in the industry. These few  powerful players are indispensible to the suppliers. Substitutability of the suppliers is also quite feasible and inexpensive.Switching between real estate agents is not going to affect  a particular Hotel company significantly. However in terms of quality, training centers for employees and ICT  manufacturers who provide IT systems that for property management are relatively more difficult to replace. Therefore in te rms of  substitute suppliers industry attractiveness is  moderately high. Industry’s threat of backward integration is pretty high since large hotel chains like ITC or IHCL  would have no qualms expanding into the real estate  business or developing employee training facilities in-house. Technology:Innovative designs, technological advancements and next generation interior concepts are keys to maintaining the Indian hospitality industry's success and to attract the next generation of customers. The concept, design, plan, materials, technology each aspect used in a hotel, restaurant or any property is ever changing and breaths technology for advancement and recognition. The brand loyalty increases with the concept and luxury of the hotel, no more with names. Technology plays a vital role in helping hotels expand and provide great services to the next generation of travellers.Availability enquiries, travel arrangements, local transport, gate entry, reception desks, elev ators, room, in-room features and everything travellers see and touch hotel are enhanced with the right technology and concept. To harness India’s tourism potential, several efforts are being taken for opening new destinations and exploring niche segments. However, infrastructure facilities such as air, rail, road connectivity, and hospitality services at these destinations and the connecting cities are inadequate.This remains a major hurdle for development of tourism. Roadways form a vital network in the tourist industry with almost 70% tourists in India travelling by road. Moreover, many tourist circuits depend on roads. Despite numerous efforts to improve road infrastructure, connectivity remains a major problem. There is a greater need for strengthened road and rail network, development of more expressways, and tourist-specific routes to improve connectivity to various locations across different regions.Aviation infrastructure is also critical since it is a major mode of entry for inbound tourism. Passenger traffic is expected to increase in the coming years; however infrastructure facilities at airports are cause for concern. Expansion and development of airports at major gateway cities is underway to cater to the increasing passenger traffic. However, in addition, airport facilities at important secondary cities and tourist destinations also need to be improved to be able to handle greater passenger traffic.

Area 1/2=Absinc

Area 1/2=absinC * (Obtuse Acute) Area formula: Where b = base length and h = height. When you have two sides and their included angle, the law of sine can be used in finding the area of the oblique triangle. For the base, we use one of the sides – lets say we have base c For the height draw an perpendicular line from C to the base line c. * For the acute case an extended base line can be made to show this altitude, as h will touch the base outside the triangle.In the obtuse triangle do we now have two right triangles and find h by taking the sine: Sin = opp/hyp | Â  | | | Both is now sat equal to h and can be substituted in for the height in the originally triangle formula. Eq. b sinA = h Base: c Area = (base)(height) Area = (base)(b SinA) Area= (c)(b SinA) As it has no influence in which order the base and the opposite value comes, they will be arranged alphabetically. | | | | * Area = bc SinA * When the base = c and the height = (a sin B): When the base = c and the height = (b sin A): If eq. were used as a base, the height would equal (a sin C): + Example + label ABC A= 65 degrees b= 5 a= 7 c = 8 Area= . 5 (b)(h) To find the height take the Sin (opposite/hypp) then we’ll have h/b b= 5 Sin (A) = (h/b) = = bSin(A) = h Sin(65) = (h/5) == 5Sin(65) = h In order not to handle too many numbers we can substitute this into the area equation * * Area = ? (b)(h) * Area = ? (c)(bSinA) – Usually arranged alphabetically (bcSinA) * * Then substitute the values into this new equation * * Area = 1/2 (8)(5Sin(65)) * Area = 16. 53657358980207 * ? 16. 54 cm2 * * *

Eharmony Case Study Essay Essays

Eharmony Case Study Essay Essays Eharmony Case Study Essay Paper Eharmony Case Study Essay Paper Question 1:The first general environment that is most relevant to this instance is the demographic section. This section focuses on population size. age construction. geographic distribution. cultural mix. and income distribution. This section is relevant to eHarmony because there chief focal point is to fit their customer’s with possible spouses. They need to take in history the lucifers age. income. ethnicity. and income. In the instance. they discuss how they require clients to reply inquiries about how old they are. where they are from. where they are populating. where they work†¦ etc. They take all this information and lucifer it with another client. The 2nd general environment that is most relevant to this instance is the sociocultural section. This section focuses on the society’s attitude and cultural values. This section is relevant to eHarmony because when they match their customer’s. than they have to take an history what t heir cultural values are and what their attitudes are toward the societal norms. The United States is a runing pot of different civilizations. Some clients are high on civilization and some are non. Demographic section represents an chance for eHarmony because they can spread out their company to other states. The article â€Å"Are You Ignoring Tendencies That Could Shape Up Your Business† made an interesting point that â€Å"ignoring tendencies can give challengers the chance to transform the industry. † If eHarmony does non travel into international markets than they would give Match the advantage of acquiring more clients on their site. eHarmony wants to be on the top. and the lone manner they can make that is by come ining a new market. Sociocultural section represents an chance for eHarmony because clients want to hold spouses that work and have the same cultural values that they have. It is all about being compatible with your spouse. In the article. it talks about how societal tendencies can alter the manner people perceive the universe around them. By demoing clients different lucifers from different states but the same values. can open their eyes to their new life spouse. Question 2:When on-line personal houses entered the market in 1992. they didn’t do good because people thought the desperate usage it. Which caused the on-line personal market to turn really slow. Everything changed in 2005. because people’s mentality changed and found it acceptable to utilize on-line personal site to happen their spouses. Not merely immature people use the site but besides the in-between aged group usage this site. Harmonizing to the article. of the 2. 2 million matrimonies that took topographic point. about 120. 000 of them were because of on-line personals site. It took awhile for the market to accept this new industry to assist people hook up and happen a suited individual to get married. The strengths of the power of providers is that they can increase their monetary values of their merchandises so they can exercise their power over there rivals. Thats what eHarmony is making over their rivals. There are some drivers that drive the bargaining power of providers. which are: ( 1 ) there are few of them. ( 2 ) they purchase a big sum of entire end product from the industry. ( 3 ) merchandises or services they purchase are homogeneous and uniform. ( 4 ) shift costs from one merchandise or service to another are low. and ( 5 ) there is a realistic menace they could backward incorporate into the industry itself. eHarmony does hold service that no other company was able to copy good and be every bit successful as eHarmony. The strength of competition among bing competition is that when a company has a large challenger so they are determined to crush their competition. They would make anything to do certain that their company is on top. The biggest challenger that eHarmony has is Match. eHarmony attempts to give services to their clients that Match can non give. There are some drivers that drive the strength of competition among competition. which are: ( 1 ) there are many rivals of approximately equal size. ( 2 ) the industry has slow or no growing. ( 3 ) issue barriers are high. ( 3 ) existing houses are committed to remaining in the industry. and ( 3 ) there are few bases of competition beyond monetary value. Match and eHarmony are about equal into size and they intend to turn even more. Match is determined to crush eHarmony for the top place in the industry. The two chances that would reshape the industry construction are switching menace of permutation and new bases of competition. Switching menace of permutation is when a replacement becomes more or less baleful because of the progresss in engineering that creates new replacements. New Bases of competition is when amalgamations and acquisitions introduce new ways of viing. or engineering invention can reshape competition. Question 3: eHarmony competitory advantage is that it uses a scientific developed questionnaire based on Dr. Warren’s 29 dimensions. Another advantage is that they are the first online personals site centered around matrimony minded persons. The last advantage is that they are sole on who they allow to utilize the site. The competitory advantage is sustainable because they satisfy the four standards in prolonging competitory advantage. The first standard is valuable capablenesss and they satisfy this standard because the laminitis created this extended questionnaire that he uses to find which individual they are compatible with. The 2nd standards is rare capablenesss and they satisfy this standard because the laminitis has a PhD in psychological science and he did is pattern in matrimony and love. He was the 1 who created the questionnaire and he was the 1 who created the algorithm on how to fit the clients together. No other company was able to copy that. The 3rd standards is dearly-won to copy and they satisfy this standard because no other company was able to make the algorithm that the laminitis was able to make to fit their clients together. The last standard is non substitutable and they met this standard because there is nil that substitutes it. Question 4: I believe that eHarmony should take the last option. which is the rapid geographic enlargement. They should take this option because they want to crush their competition and acquire more clients. They have already got their topographic point in the US market. now its clip to spread out the concern and go planetary. In the instance. it says that in European Union states. online dating is really popular. eHarmony does non recognize that besides the US. there are other states where online dating is popular. The downside of spread outing is that they are non certain how these other states might respond with on-line dating. The states would either accept them or worsen them. They would free a batch of money. Another downside is that they are non certain if their questionnaire and there algorithm would work in other states. They would necessitate to believe about the societal and cultural norms of each state. I did non take the 3rd option. which was that eHarmony wanted to make sites that focused on cardinal life phases such as nuptials. pregnancy- birthrate attention. and elder attention. I feel that eHarmony is known for the lucifer doing topographic point and non known for making life phases. I feel that they should foremost get the hang one side of the company before they start leaping into new industries. Question 5: eHarmony has an effectual strategic leading because Greg Waldrof. the CEO has all the qualities of a degree 5 executive. Mr. Waldroff wanted to do certain that his company is the top company in the lucifer devising industry. He created a questionnaire and a expression on how to construe the consequences. He made certain his staff understood it and used it right. The 2nd ground why eHarmony has an effectual strategic leading is because the leaders of the house made certain that the organisation civilization was kept in tact. Their civilization was to make good lucifers for their clients. The leaders made certain everyone understood that. The last ground why eHarmony has an effectual strategic leading is because of their ethical patterns. In eHarmony. they screen their clients before they can make a profile and purchase the bundles. They don’t allow married clients on the site because they want their clients to experience that the people on this site are looking for matrimony.

Abraham Maslow Quotes About Psychology

Abraham Maslow Quotes About Psychology Abraham Maslow was a psychologist and the founder of the school of thought known as humanistic psychology. Perhaps best remembered for his famous needs hierarchy, he believed in the basic goodness of people and was interested in topics such as peak experiences, positivity, and human potential. In addition to his work as a teacher and researcher, Maslow also published several popular works including Toward a Psychology of Being and Motivation and Personality. The following are just a few selected quotations from his published works: On Human Nature When people appear to be something other than good and decent, it is only because they are reacting to stress, pain, or the deprivation of basic human needs such as security, love, and self-esteem.(Toward a Psychology of Being, 1968)Getting used to our blessings is one of the most important nonevil generators of human evil, tragedy, and suffering.(Motivation and Personality, 1954)It seems that the necessary thing to do is not to fear mistakes, to plunge in, to do the best that one can, hoping to learn enough from blunders to correct them eventually.(Motivation and Personality, 1954)I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail.(The Psychology of Science: A Reconnaissance, 1966) On Self-Actualization Self-actualizing people have a deep feeling of identification, sympathy, and affection for human beings in general. They feel kinship and connection as if all people were members of a single family.(Motivation and Personality, 1954)Self-actualizing persons contact with reality is simply more direct. And along with this unfiltered, unmediated directness of their contact with reality comes also a vastly heightened ability to appreciate again and again, freshly and naively, the basic goods of life, with awe, pleasure, wonder, and even ecstasy, however, stale those experiences may have become for others.(Toward a Psychology of Being, 1968)Something of the sort has already been described for the self-actualizing person. Everything now comes of its own accord, pouring out, without will, effortlessly, purposelessly. He acts now totally and without deficiency, not homeostatically or need-reductively, not to avoid pain or displeasure or death, not for the sake of a goal further on in the futu re, not for any end other than itself. His behavior and experience become per se, and self-validating, end-behavior and end-experience, rather than means-behavior or means-experience.(Toward a Psychology of Being, 1968) Musicians must make music, artists must paint, poets must write if they are to be ultimately at peace with themselves. What human beings can be, they must be. They must be true to their own nature. This need we may call self-actualization.(Motivation and Personality, 1954) On Love I may say that (Being) love, in a profound but testable sense, creates the partner. it gives him a self-image, it gives him self-acceptance, a feeling of love-worthiness, all of which permit him to grow. It is a real question whether the full development of the human being is possible without it.(Toward a Psychology Being, 1968) On Peak Experiences The person in peak-experiences feels himself, more than other times, to be the responsible, active, creating center of his activities and of his perceptions. He feels more like a prime-mover, more self-determined (rather than caused, determined, helpless, dependent, passive, weak, bossed). He feels himself to be his own boss, fully responsible, fully volitional, with more free-will than at other times, master of his fate, an agent.(Toward a Psychology of Being, 1968Expression and communication in the peak–experiences tend often to become poetic, mythical, and rhapsodic as if this were the natural kind of language to express such states of being.(Toward a Psychology of Being, 1968) You can learn more about Abraham Maslow by reading this brief biography of his life, further explore his hierarchy of needs  and his concept of self-actualization. Source: Maslow, A. Motivation and Personality. 1954.   Maslow, A. The Psychology of Renaissance. 1966.   Maslow, A. Towards a Psychology of Being. 1968.

Managing communication,knowledge and information Case Study

Managing communication,knowledge and information - Case Study Example Contrarily informal information has no definite format. It is not structured. Telephone calls, notice boards, memos, notes etc. are most common types of informal information. Knowledge can be stated as the useful insight and wisdom which gets developed from the processed information (Bazerman and Chugh, 2006). Knowledge can be essentially of two important types, namely tactic and explicit. Tactic knowledge is found through the companies own vision, experience, practice, values, thinking and perceptions. While on the other hand explicit knowledge is largely found existing in documents and other recorded forms. It is highly formalized and codified. Such knowledge can be recorded in different artifacts, books, records, patents and database etc. The spiral conversation is a model which interlinks socialization, externalization, combination and internalization. The model states that communication moves from being tactic to explicit and vice-versa in a spiral or revolving form. Hence it is understood that for explicit knowledge to exist, the tactic knowledge must be generated. Similarly, tactic knowledge derives out of explicit knowledge. Classic badges can make use of the system by incorporating a systematic conversation technique which transforms tactic into explicit knowledge and the reverse. In case of Classic badges, for making their business successful, timely information from customers in respect of demand is essential. This would require suitable communication channels which would transmit information within less time. Also, suitable information channels must be established with suppliers of materials (Robbins and Judge, 2013). From the procured information, organizations are required to establish rational connections exercising their skills and understanding and formulate knowledge base which guides in taking crucial decisions. In case of Classic Badges, the timely information in respect to demand and

Childhood vaccinations Essay Example | Topics and Well Written Essays - 2000 words

Childhood vaccinations - Essay Example Describing her helplessness, another polio sufferer writes, â€Å"I found it very frustrating to have an active mind in a permanently disabled body† (Gillan 1). Many individuals suffer from completely preventable diseases that could have been avoided if they were vaccinated in childhood. The very fact that a disease as preventable as polio was allowed to ruin so many lives makes it unbearable. Despite the awareness on immunizations and vaccinations, the multi-million dollar investments made by governments on vaccinations, the free camps and vaccination drives organized every day, there are many who fail to get their children immunized or are too scared to do so. Failure to get children immunized puts them at risk of innumerable life-threatening or permanently disabling diseases that would otherwise have been completely preventable. It is argued here that children should get immunized and that vaccination is the right of every child, as much as is his right to living. The World Health Organization (WHO) has a Millennium Development Goal 4 for reducing child (under five years of age) mortality by up to two thirds by the year 2015 (â€Å"10 facts on immunization† who.int). According to reports, millions of children die every year from diseases that could have been prevented through immunization. Vaccination is also a key strategy for the prevention of emergence of pandemic infections. The WHO reports that vaccination results in the prevention of about 2-3 million deaths all over the world each year (â€Å"10 facts on immunization† who.int). Deaths in all age groups from pertussis, diphtheria, tetanus, measles and polio have been prevented through vaccination, which is â€Å"one of the most successful and cost-effective public health interventions† (â€Å"10 facts on immunization† who.int). However, many individuals fail to get their children immunized, resulting in morbidity or