Recognition and Reversal Othello - 1703 Words

A Miller Prof. Gould ENG 262 12-3-11 Recognition and Reversal: Othello Aristotle classifies both recognitions and reversals as the greatest point of tragedy in a play or story. Recognitions and reversals are consistently used to develop character, advance the plot, and get a reaction of pity and fear from the audience. Recognition is the act of realization or knowledge or feeling that someone or something present has been encountered before. Reversals are a major change in attitude or principle or point of view. For the main character or hero/protagonist to realize everything that has happened throughout, reversals are used by the writer or writers. Recognition is a device which helps†¦show more content†¦Furthermore, she realizes that she has played an unintentional part in the tragedy by following Iago’s request to steal Desdemona’s handkerchief. It has all been a plot by Iago to destroy Othello, and this is finally revealed to everyone, includ ing Emilia (Kennedy and Gioia, V. II. 179-182, 187-189). To see Emilia come to full awareness is to see first the emotional breakdown caused by this revelation, and then to see it begin to build, as she shows heartbreak, guilt, awareness of betrayal, and recognition of supreme cruelty on the part of someone she has trusted with her life. She finally speaks with the words, â€Å"Villainy, villainy, villainy!† (Kennedy and Gioia, V. II. 197), knowing she has to persuade everyone of Desdemona’s innocence. Recognition again occurs in Act V Scene II when Emilia hears Othello mention the handkerchief, after he has killed Desdemona: With that recognizance and pledge of love / Which I first gave her. I saw it in his hand; / It was a handkerchief, an antique token / My father gave my mother (Kennedy and Gioia, V. II. 221-224). At the same time, the attending visitors and soldiers, who have been called into action by Emilia’s cries in Act V, Scene II, are also realizing t he truth of these terrible events. The reversal occurs as Emilia discloses that it was she who stole Desdemona’s handkerchief, â€Å"She give it Cassio? No, alas, I found it, / And I did give’t my husband† (Kennedy and Gioia, V. II 236-237). Immediately Othello knows thatShow MoreRelatedOthello, By William Shakespeare Essay1203 Words   |  5 PagesDramatic play entitled Othello is an unusual story full of jealousy, dark misunderstandings, lies, and regrets. Following Aristotle s definition of a true tragedy, where does the tale of Othello fall? Is Othello too dramatic too be considered a tragedy or does it barely fall along the lines of tragic? Shakespeare s innovation with poetry and dramatic plays have been recognized by critics and playgoers throughout the centuries (Lee,1899). The Bard s play entitled Othello, is among some of the mostRead MoreOthello Essay1172 Words   |  5 PagesOthello Essay William Shakespeare’s Othello tells a story of the tragic downfall of a man through jealousy and mistrust, influenced by the manipulative actions of another. Due to innumerable changes within society over time, it is inevitable that a wide range of critical interpretations and readings of the text will emerge. My personal interpretation of the play draws from the concepts of the traditional Aristotelian views of a tragedy. An Aristotelian interpretation concerns itself with whetherRead MoreShakespeares Use of Aristotles Guidelines to Tragedy in Creating the Play Othello1572 Words   |  7 Pageshero. This analysis of tragedy was formed by the Greek philosopher Aristotle, and also noted in his Poetics (guidelines to drama). As a playwright, Shakespeare used Aristotle’s guidelines to tragedy when writing Othello. The play that was created revolved around the tragic hero, Othello, whose tragic flaw transformed him from a nobleman, into a destructive creature, which would inevitably bring him to his downfall. This transformation follows an organic movement of the complex plot from the beginningRead MoreThe Tragic Hero Of Shakespeare s Othello1613 Words   |  7 PagesWilliam Shakespeare’s play, Othello, Othello is an excellent example of an Aristotelian tragic hero. He was a ch aracter of noble status until his jealousy and gullibility lead him astray. Moreover, the play has a complex plot with a powerful climax and conclusion which lets the audience feel the vulnerability of the characters. Lastly, the characters face a point of realization where they can finally see the people around them are not who they seemed to be. Overall, Othello is one of Shakespeare’s greatestRead MoreWilliam Shakespeare s Othello, The Moor Of Venice1776 Words   |  8 Pagesevent that alters his fortune from good too bad. William Shakespeare’s play, Othello, the Moor of Venice is classified as an Aristotelian classical tragedy based on the guidelines Aristotle sets when examining a tragedy. Othello is a general in the Venetian army, and the husband of Desdemona, and well respected by society. The play describes how Othello’s fate has an undesirable change in fortune, the reversal. In brief, Othello is portrayed as a happy, powerful man in the beginning of t he play, and byRead MoreCharacteristics Of A Tragic Hero1295 Words   |  6 PagesAristotelian tragic hero must possess specific characteristics, five of which are below: 1)Flaw or error of judgment (hamartia) Note the role of justice and revenge in the judgments. 2) A reversal of fortune (peripeteia) brought about because of the heros error in judgment. 3) The discovery or recognition that the reversal was brought about by the heros actions (anagnorisis) 4) Excessive Pride (hubris) 5) The characters fate must be greater than deserved (BSID 2017) To start with, the tragic hero mustRead MoreEssay about Greek Tragedy Exemplified in Shakespeares Hamlet1191 Words   |  5 Pagesother event. Common sense, therefore, dictates that all of the acts need to be skillfully woven into one another instead of each act abruptly starting and abruptly ending. The last need of a good plot is the incorporation of situation reversals and scenes of recognition. These are almost always the most powerful parts of any good plot, as they invoke emotional interest in the viewer. Character is the next most important aspect of the perfect tragedy after the plot. Every tragedy needs to containRead MoreCommentary On Nature Of Tragedy2375 Words   |  10 Pagesconsidering it is the perfect tragedy. Not surprisingly, Aristotle’s analysis of tragedy in The Poetics fits the play most perfectly. Curiously, the writing of Aristotle also underwrite a considerable degree of what happens in Shakespeare’s play, Othello. In The Poetics, Aristotle goes on to define the nature of tragedy as a literary genre. He defined tragedy as: An imitation of a noble and complete action, having the proper magnitude; it employs language that has been artistically enhanced by eachRead MoreTragic Hero1598 Words   |  7 PagesNobleness (of a noble birth) or wisdom (by virtue of birth). 2. Hamartia (translated as tragic flaw, somewhat related to hubris, but denoting excess in behavior or mistakes). 3. A reversal of fortune (peripetia) brought about because of the hero s tragic error. 4. The discovery or recognition that the reversal was brought about by the hero s own actions (anagnorisis). Other common traits Some other common traits characteristic of a tragic hero: †¢ Hero must suffer more than he deservesRead More Shakespeare?s 10 things Essay1200 Words   |  5 Pages 1. Betrayal and revenge 2. Metaphors of death-King Lear, Merchant of Venice, Othello 3. Humor- A Midsummer Nights Dream, As You Like It 4. Pastoral settings- Ling Lear, A midnight Summers Dream 5. Madness and insanity- Othello, Midnight Summer?s Dream, King Lear 6. Reversal- the main character falls from a high place 7. Letters- King Lear, Merchant of Venice 8. Things are not as they appear- King Lear, Merchant of Venice, Midsummer Night?s Dream 9. The Father/Daughter Conflict-Midsummer

Locke and Hobbes and Their Philosophical Views Free Essays

When one thinks of the great philosophers of the 16th and 17th centuries, the names John Locke and Thomas Hobbes automatically come to mind.   Both men were instrumental in the philosophical world.   Both were educated at Oxford and both chose a self-imposed exile to Holland because of their political views. We will write a custom essay sample on Locke and Hobbes and Their Philosophical Views or any similar topic only for you Order Now On the state of nature, John Locke believed that God created the world and man.   Therefore, all men are equal.   No one has the right to take a life and that also applied to suicide.   He felt that all men were entitled to life, liberty, health and property.   However, he felt that government was something that took away these rights instead of insuring them.   To him, it seemed that only God was to have control of man. While Locke felt that man was better off without laws and government, Thomas Hobbes thought that it would be a complete state of confusion if this were to take place.   Without laws, people would be able to avenge any wrong that they felt was done to them.   He felt that it would leave man in a constant state of fear because there would be no safety.   Disputes would become a time of violence according to Hobbes. John Locke thought that a world without government would return man to his simpler, more rightful place.   This idea derives from the idea that no one man has the right to be in charge of another.   With the act of government and enforcement of laws, there are people who would have to do the enforcing of the laws.   Unfortunately, this would pit man against man and that would go against the natural order that should exist. Hobbes ideas of government seem contradictory.   In one sense he believed in a government with absolute authority, but then he states that man should not obey a law if it takes away his dignity and honor.   Hobbes felt that no one should even question whether one should obey authority of his/her government and that for anyone to be able to choose which laws that would be obeyed was insanity and would lead to complete confusion. Locke’s thoughts on the rights of each individual is that of self-ownership.   In other words, an individual was completely responsible for himself/herself and answered only to God.   He did believe in self-discipline and strict moral character.   He thought that even the monarch had to answer to God.   So he thought that all people should have equal rights and all rights should be afforded to all people. Since Hobbes was a Calvinist, he believed that man was inherently evil while Locke believed that it was society that was evil.   Hobbes believed that men needed something to dictate his behavior.   That is why he believed in a strong government which allowed certain civil rights, but not others.   He also believed that it was possible for some to enjoy more rights than others because of their behavior. Both men also had strong feelings on the right to revolt or rebel.   Locke felt that one of the true reasons that it would be right to rebel against a government was if that government was not a legitimate government.   The way that people could tell that a government was not a legitimate government was to look at how it believed in the rights of the individual.   If the government believed that it was right for a man to be enslaved or took away other rights that others shared, then that government should encounter a rebellion of its people. Hobbes on the other hand believed that revolt and rebellion would lead to mayhem.   He sighted that the French revolution ended in many useless executions of working class people because of a rebellion against the government.   He agreed that to change the government, one should change it by changing the laws and not by rebellion. Rene` Descartes was a philosopher who was known as the father of modern philosophy.   He was called that because he used much from science and math.   He believed that the body represented the physical world and the mind represented the metaphysical.   Descartes felt that if one was out of sort then the other would be as well.   He felt that everything in the natural world had to work together and so should the body and the mind.   The body was the physical organs while the mind was composed of the brain and the neurological system.   It was quite possible for a dysfunction of the brain to allow something in the body to not work properly. Locke, Hobbes, and Descartes gave great contributions to the world of philosophy.   They were in many ways different.   However they did cause the world to stop and think and not just take things at face value. Works Cited Stanford Encyclopedia of Philosophy. 7, July 2007, http://plato.stanford.edu/   How to cite Locke and Hobbes and Their Philosophical Views, Essay examples

Financial Markets and Institutions †Free Sample Solution

Question: Why do financial intermediaries exist? In your answer, discuss theories of financial intermediation, transactions costs and asymmetric information. Answer: Introduction The overall project discussion is about the existence of financial intermediaries in financial markets. The different types of theories which is implemented on financial intermediation and also the transactions costs and asymmetric information followed by the financial institutions in the economy. Financial intermediaries are known professional institutions in the all around the financial market. There are certain functions that are about to used by the financial institutions are having three functional criteria. The other part of the essay is about concept of financial intermediation and the concepts of transactions cost and asymmetric information which is used by the different financial institutions for the measurement of financial scenarios of the organization (Gertler and Queralto, 2012). There are different channels provided to the supply of capital and request sender of the capital during the financial process of intermediary in the financial market of an economy. Financial intermediaries are segmented into two parts monetary and nonmonetary intermediaries. Financial intermediaries can facilitate the transfer activities of funds generated by the financial institutions by the gains and deficit of the company. The primary reasons behind the existence of borrowers and lenders required to manage function to exist in the financial market that is general pricing factors and disciplinary factors. The financial markets are compared by the securities borrowers are considered to be the financially lacking situation for the valuation of assets. There are certain difficulties arise because of which the financial market because required financial intermediaries' existence in the economy (Williamson, 2012). The transformation of risk, liquidity provision, costs reduction, and dif ferent system of payments are the primary functions required which can easily support the link between borrowers and lenders in the market. There are some functions that can be easily describing the reason behind the existence of financial intermediaries in the financial market. Transformation of size the amount of the depositors are not always equal to the amount of money lend by the borrower from the financial institutions. So the financial institutions never the lenders to pull their whole amount of deposited money at a one point of time. Maturity transformation is the function that primarily used for balancing the financial stability of depositor and lender by the bank for generating the working capital for utilization capital in the difficult period. The risk transformation activities are managed by the financial institutions in the economy as they are the investors in many project development activities in the economy that is having higher probability of losing invested money and the borrowers of the institution become bankrupt. The liquidity provisions are also maintained by the financial institution as the custom ers of the financial institutions can any time withdrawn money from their account so the financial institutions are required to maintained liquidity position of the institutions to for customers and some restrictions for the borrowers of the institutions (Gurley and Shaw, 2013). Cost reduction activities of the organization are based on the transaction activities of the organization that increases the transaction cost of the organization to reduce the repetition of contingency transaction and an opportunity cost of the transaction payment time. The provision of the payments system in the financial institutions are required to understand the customers by providing services of financial instruments and transaction cards etc. for the payment system of the financial institution easier. There are some of the reasons because of which the financial intermediaries are having existence in the global economy. Provision for loans are generally a process which done by the financial institutions in the economy through depositing money in the financial institutions and lending money from the financial institutions with the help of the financial intermediaries. There are certain numbers of small-scale business activities that are required to financial grants and support through these authorities make their existence in the local and global market. The financial intermediaries are also helping in the growth and expansion of different business industry in the economy of a particular country that is supporting the growth phase of the country (Sealey, 2012). The borrowers and depositors have different interest from the financial institutions but the financial institutions required to provides same kind of services to their different customers as per their requirements. The financial intermediaries are making agreement on the basis of the full consent of both the parties of the organization. In the economy absence of financial intermediaries are difficult to spread the financial requirement of the people as per the savings and borrowing process of the financial organization. The financial institutions also support in giving the financial advice to the different customers and clients in the economy. They required support the financial position of the company as per the financial advisory required by the clients for managing their financial status in the market. The financial institutions also support the different companies in the economy to generate funds from the market by issuing IPO and FPO and selling the companies stocks in the open market. According to the market scenarios and financial assumptions of financial institutions are for generating the higher funds from the financial instruments issued in the economy. Every financial intermediary in the economy is required to be maintained the structure of borrowing of the financial organization for the promotion activities of different financial funding activities of the organization. The financial intermediaries are taking responsibility for generating the funds for the organization and also some work like middle authorities to increase the sales figures of the organization. The institutions are also having all the authorities to evaluate and measured the different performance of the financial instruments in the organization for the interest of getting the commission for those activities by the different companies in the economy. The financial institutions are supporting to decrease the probability of risk of the organization within a given period to make those funding activities profitable for the organization. Financial institutions are functions as intermediaries in the economy to earn the commissions from the clients on behalf of their services provided to the potential customers of the client companies. The risk bearing activities for the investors in the organization to understand the financial stability of the organization is based on the different investment activities done by the financial institution for the customers and client's projects in the particular period of ti me. The risk monitoring is also one of the primary functions of financial intermediaries to evaluate the capability and risk bearing ability of the organization within a given period. The financial institutions increase the rate if the interest for the depositors to decrease the probability of risk in the investment activities of the organization. The study about the financial intermediation is based on the certain theories and financial concepts. These concepts are providing asymmetric details, opposite selection and verification process of cost quality of the organization. This study is all about the understanding of the financial theories to provide them as financial applications of the organization. These financial intermediation theories are made for the growing the economic standards of the financial process to increase the economic welfare activities of the organization. There are certain theories that are required for the financial intermediation services in the economy is to understand the growth theory, portfolio theory, and other theories of intermediation in the financial market of an organization. The financial market of the global economy has been losing their creditability as there are no such kinds of better financial advice provided by the organization within a given period in the economy. The theories are mad e for the financial institutions for the intermediaries services provided to their clients and customers. There are certain theories which are required to maintain the financial stability of the companies in the economy with the help of the certain tools in the economy. There are huge numbers of amendments are made which is based on the financial intermediation theories. The structure of the financial intermediaries in the economy fully depends upon different keys prediction of the financial stability of the economy. The perfect model contains the details about the different pillars of modern theories of finance are optimality, arbitrage, and equilibrium. Optimality is mentioned for the taking the rational decision-making activities of the organization that is considered to be optimal returns generated by the different companies in the economy. There are certain criteria that are based on the neoclassical model of the financial theories to enhance the performance of the capital in the modern scenarios of the organization. As per the perfect model theories individual parties can influence the stock prices in the market, there are certain activities that are implemented as per the financial markets terms and conditions. The financial models should not have any discriminatory taxes; all the financial structure should be homogeneous in nature. There is some of the importance of the capital structure in the global economy to support the risk diversification and other financial information rationally in the market to make things more homogeneous for the fulfillment of overall expectations and reimbursement activities of the organization. The model of financial intermediation is to make the current theory of financial intermediation more specific for the financial institutions in the economy. There are certain theories that are required to understand the information system to maintain the financial services of the financial organization to control and manage the risk of the organization (Chaves and Gonzalez-Vega, 2012). There is certain kind of activities which is done as per the focusing on the quality of the financial structure of the company that is based on the financial system of the organization. There is certain kind of empirical research activities which is required for the measurement of the connection between the ec onomical and financial growth of the companies surviving in the economy as per the long-term growth of the organization. The financial intermediation models are appeared to show the growth of the financial institutions by providing financial services to the companies and individual required in the economy. The financial intermediary's institutions are giving the different level of structure to provide a different savings level to the organization and individuals in the economy. Despite of the global financial services of the companies in the economy is driven by the deregulation and information technology of the organization which is competing with the different prices of the organization as per the financial services of the organization. There are also some of the modern financial intermediation theories that are based on the neoclassical theories (Tobin and Brainard, 2011). There is some firm that are followed the theory of the intermediation for getting the relevant numbers of financial services in the organization that is based on the theory or the asymmetric information of the organization. There are a certain number of financial details asymmetric which is related to the financial decision-making strategies of the economy. Some of the factors which clearly describe the different financial intermediation techniques of the organization are information gathering problems, transaction cost and also the regulatory factors problems in the organization. Firstly, the financial, informational asymmetries can be generated naturally or due to adverse selection of the practices and rules chosen by the financial institutions of the global economy. There are several numbers of financial auditing activities and verification techniques required to measure the informational asymmetries are generated due to an imperfection of the nature of a market. There are certain deviations that occur in the neoclassical practices of the financial institutions that easily describes the imperfection of different transaction cost of the organization (Kahane, 2012). There is the certain cost that is required to be understood by the financial institutions as financial intermediaries for overcoming from the different cost of the organization. The financial intermediaries are specifically delegating for monitoring the overall savings of the organization. The households investment activities are based on the depositing the finance that is based on the financial i ntermediaries for monitoring the returns of a scale of the organization. There are some of the financial which is based on the monitoring policies of the organization. Some of the positive incentive effective model for understanding of the financial policies of the institutions which will directly give impact on the managerial activities of the banking sector different ion to maintain the different financial structure of the organization. The informational asymmetry studies are based on the focus of the financial institution to focus on the borrowers and depositors of the organization. In the information about the available required to be based on the screening and monitoring activities to maintain the verification activities of the organization. There are some of the other models that are required for the development of banking policies to make the lending policies of the financial institutions. Transaction cost approach of the financial intermediaries' institution about the made assumption of the organization on the basis of the financial intermediaries' policies to make the process of transaction technology between depositors and borrowers as per the different benefits of production scale and future scope of the economy (Boyd and Prescott, 2013). The rules and policies which is required to understand the transaction costs for not exchanging the monetary transaction costs of the company in the economy and with the valuable advice of the financial institution the costs of the monitoring and auditing for measurement of financial position of the organization. The financial intermediaries transform different types of claims that are based on the qualitative and asset management techniques of the organization (Demirg-Kunt and Levine, 2012). There are some of the key functions generated for the diversification activities of different provision of liquidity which is play essential role in asset pricing theory with their different characteristics based on the efficiency of bargaining and negotiation by the financial institutions to their clients and customers. Transaction costs and informational asymmetry approach are the concepts that are primary reasons behind the existence of financial institutions as intermediaries in the economy. Conclusion Financial market are having based on the tools which are required for the raising capital for the financial institutions. There are certain numbers of concepts and requirements are followed which are required to generate the financial statement analysis of the organization within a given period. The overall discussion is about the existence of financial institutions as intermediaries in the economy. The financial institutions are serving different types of customers who are individuals and also the corporate institutions for the measurement of different organizational criteria of the financial organization in the global economy. As per the overall discussion, it is come to understand that different theories of financial intermediation which is financial institutions to restructure and redevelopment of the organization. There are some of the banking activities that are followed by the financial institutions for depositing and lending the finance in the market. The overall discussion i s based on the theories of financial institutions as role playing of intermediaries in the global market with the support of transactional cost and asymmetrical informational approach of the financial institutions. Reference Boyd, J. H., and Prescott, E. C. (2013). Financial intermediary-coalitions.Journal of Economic Theory,38(2), 211-232. Demirg-Kunt, A., and Levine, R. (2012). Stock market development and financial intermediaries: stylized facts.The World Bank Economic Review,10(2), 291-321. Kahane, Y. (2012). Capital adequacy and the regulation of financial intermediaries.Journal of Banking and Finance,1(2), 207-218. Akerlof, G.A. (2013). The market for lemons: Quality uncertainty and the market mechanism, Quarterly Journal of Economics 84, 488-500. Gorton, G., and Pennacchi, G. (2013). Financial intermediaries and liquidity creation.Journal of finance, 49-71. Tobin, J., and Brainard, W. C. (2011). Financial intermediaries and the effectiveness of monetary controls.The American Economic Review, 383-400. Goldsmith, R. W. (2012). Financial intermediaries in the American economy since 1900.NBER Books. Chaves, R. A., and Gonzalez-Vega, C. (2012). The design of successful rural financial intermediaries: Evidence from Indonesia.World Development,24(1), 65-78. Williamson, S. D. (2012). Costly monitoring, financial intermediation, and equilibrium credit rationing.Journal of Monetary Economics,18(2), 159-179. Gurley, J. G., and Shaw, E. S. (2013). Financial Intermediaries And The Saving Investment Process*.The Journal of Finance,11(2), 257-276. Adrian, T., and Shin, H. S. (2012). Financial intermediaries and monetary economics.FRB of New York Staff Report, (398). Adrian, T., and Shin, H. S. (2011). Financial intermediaries, financial stability, and monetary policy.FRB of New York staff report, (346). Hart, O. D., and Jaffee, D. M. (2012). On the application of portfolio theory to depository financial intermediaries.The Review of Economic Studies, 129-147. Giliberto, M. (2013). Interest rate sensitivity in the common stocks of financial intermediaries: A methodological note.Journal of Financial and Quantitative Analysis,20(01), 123-126. Patinkin, D. (2012). Financial Intermediaries and the Logical Structure of Monetary Theory: A Review. Sealey, C. W. (2012). Deposit rate-setting, risk aversion, and the theory of depository financial intermediaries.Journal of Finance, 1139-1154. Brealey, R., Leland, H. E., and Pyle, D. H. (1977). Informational asymmetries, financial structure, and financial intermediation.The journal of Finance,32(2), 371-387. Ziegler, A. C. (2012).A game theory analysis of options: corporate finance and financial intermediation in continuous time. Springer Science and Business Media. Cetorelli, N., Mandel, B. H., and Mollineaux, L. (2012). The evolution of banks and financial intermediation: framing the analysis.Federal Reserve Bank of New York Economic Policy Review,18(2), 1-12. Gertler, M., Kiyotaki, N., and Queralto, A. (2012). Financial crises, bank risk exposure and government financial policy.Journal of Monetary Economics,59, S17-S34.

The oil spill in the Golf of Mexico

Introduction The USA oil is drilled from the sea. This is done at the Gulf of Mexico. Considering that this calls for pipe connections to be able to distribute and get that oil to the people. The oil spill in the Gulf of Mexico was out of a leakage from one of the oil well. The oil spill was as a result of an explosion during the sinking of a new oil well in the Gulf of Mexico.Advertising We will write a custom essay sample on The oil spill in the Golf of Mexico specifically for you for only $16.05 $11/page Learn More A report by the government indicated that it was out of subsequence leakages due to ruptured pipes which resulted to an explosion. There was effort made to try and close the emergency valve which failed. The explosion consequently led to the sinking of an oil rig1. This caused an increased leakage of oil which was out of the hands of the engineers. Considering that the wells are made in the sea and there is a lot of pressure from the surrou nding waters it ought to be professionally done. This in its nature made the control of the situation more complicated. The spillage cover was extensive above 39 miles along the Mexican gulf coastline. Environmental impacts of the spillage Having three things in place, the leakage of the oil, the explosion and the sinking of the oil rig, this made a tremendous spread of the oil in the Gulf. Though efforts were made to clean out the spillage it’s less possible to wash the oil off the rock. In the gulfs the oil has spread and it is now floating into the wetlands. This is possible to holds toxins from this oil for years. The mangroves along the coastland which act as a filter to the coast waters are endangered in that the oil is toxic to them which will adversely affect these plants and all the inhabitants of the mangrove forest. This speaks danger to the wetland animals. Considering that this is their nesting periods that is the time for hatching and rearing. This means there m ight be an extinction of species which hatch in these wetlands and also the species that are only found in the Mexican gulf. Taking an example of alligators which are preparing to reproduce, their young animals will be put into contact with toxic oil. This will also forced move through the oily waters in search for food. The oil spillage will harm most of the sea animals present in the affected areas. They include the bird species which are aquatic, species of fish and turtles. The wetlands are favorable place for nesting which is the periods of reproduction and multiplication of the sea animals2.Advertising Looking for essay on ecology? Let's see if we can help you! Get your first paper with 15% OFF Learn More The burning of the oil in the sea to clew up the sea is a goods idea but somewhat it may not work especially if the oil mixes with water. It also a hazard to the environmental for it release a lot of carbon dioxide and other chemical in the air. This has been wh at we have been fighting in order to maintain the o-zone layer. This is not the best way out to cleaning the sea. Economic impacts of the oil spillage According to some of the officials of the state and those of the oil company it interpreted means loss of approximately 200 thousands jobs will represents $11 billion in the economy. The BP ought to compensate the families of those who died in the explosion as well as those who lost their way of earning a living. In additional to this the clean up will also cost. This is a lot of out put considering that there is no much input3. The people who have lost their jobs mean that they will have to streamline their expenses which have an impact on the general economy considering they are a large group of people. This great numbers that loose the employment may impose a big responsibility to the housing department especially in their effort to recover the house from most of these employees due to lose of their jobs. The spillage also locks ou t tourists from the beaches where they have enjoyed meaning reduced income from the tourism sector. The wetlands are high economy movers through local or internal tourism in the USA. The spillage affected the wetlands interfering with tourist site and a place of interest to sun worshippers. The wetlands are good sporting grounds with the spillage this closes out the accessibility of the wetland for sporting. The oil spill will automatically destroy the way of life of the commercial fishermen. The interference with the normal life cycle of the aquatic life brings about a generational gap which may result to other gaps in future. This would be a big blow to fishermen. This would be in response to the destruction of the Blue fin Tuna which are predominantly found in the Mexican gulf. It also includes the nesting young ones that die in the oil spills and those mature aquatic animals which are not able to salvage their lives. Conclusion Though effort was made to prevent the spillage from reaching the coastland; which is dominated by mangroves and a home for many aquatic animals and birds nothing much was accomplished. The environmental and economical impacts of this oil spillage are not only instant but they be felt even times to come. Bibliography Boosharticles. Mexican Gulf Oil Spill Threats Ecological System, 2010. Web.Advertising We will write a custom essay sample on The oil spill in the Golf of Mexico specifically for you for only $16.05 $11/page Learn More Rioux, Paul. Gulf of Mexico oil spill’s environmental impact expected to be profound, long-lasting. The Times-Picayune; 2010. Web. Young, Jennifer. The Potential Economic Impact of the Oil Spillage, 2010. Web. Footnotes 1 Boosharticles. Mexican Gulf Oil Spill Threats Ecological System. 2 Paul, Rioux,.Gulf of Mexico oil spill’s environmental impact expected to be profound. 3 Jennifer, Young. The Potential Economic Impact of the Oil Spillage. This essay on The oil spill in the Golf of Mexico was written and submitted by user F1sher to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Essay about Mr. Flowerbottom

Essay about Mr. Flowerbottom Essay about Mr. Flowerbottom Mr. Flowerbottom. My special item is a giant mushroom. His name is Mr. Flowerbottom and he represents me in many ways. Like my mushroom counterpart, I not only use life to my advantage. Death is also fruitful because through growing on it, I am able to become stronger and learn from my experiences. The different types of mushrooms convey my mood. Sometimes I may be the magic psilocybe cubensis which teaches others, other times I may be the amanita bisporigera, the destroying angel, when I’m in a bad mood. Most of the time I am the common morchelle which is edible by all and not feared by any. The long stem of Mr. Flowerbottom represents my life leading up to its peak, the head. Here the intricacies, knowledge and the truth of life is stored waiting to be passed on and sprouted. The mushroom is the base of life. It thrives in any situation, any climate, in the light and in the dark. It is not dependent on others, it grows where it wishes. We mushrooms provide a means of both cleansing and nutrie nts for others. Mushrooms know and have experienced nature in its purest form. They can provide shelter for others and they can reveal to you the secrets of the earth and why things are. Mr. Flowerbottom represents the life of others and me in our most elementary form, functioning enough to stay alive and to help others. The flowers on Mr. Flowerbottom relate to my happiness and the joy of living. They show personality and joy. The floral design is symbol of detail and mystery, it requires thinking and imagination to decide why they are there and what they mean. My life is shown through these because I am also stuck on the great mysteries of existence and through thought and thinking someday

Requisitos para viajar sin visa a EE.UU. como turista

Requisitos para viajar sin visa a EE.UU. como turista Cada aà ±o, millones de turistas viajan sin visa a Estados Unidos porque tienen un pasaporte de uno de los 38 paà ­ses incluidos en el Programa de Exencià ³n de Visados (VWP, por sus siglas en inglà ©s). En este artà ­culo se informa sobre quà © paà ­ses estn incluidos en esa lista, los casos de doble nacionalidad, cules son los requisitos, quà © es la autorizacià ³n para viajar o ESTA, tambià ©n mal llamada visa electrà ³nica, cul es su costo y, finalmente, cules son las ventajas y los inconvenientes de ingresar sin visa a ingresar con visa de turista B2. Paà ­ses en Programa de Exencià ³n de Visas y doble nacionalidad En la actualidad,  38 paà ­ses estn incluidos en el Programa de Exencià ³n de Visados, casi todos europeos o asiticos. Esta regla general tiene una excepcià ³n y es que si los ciudadanos de esos paà ­ses tienen doble nacionalidad con Irn, Irak, Siria o Sudn entonces no pueden beneficiarse de ese programa. De todos los paà ­ses hispanohablantes, solamente los ciudadanos de Espaà ±a y Chile pueden beneficiarse de este programa para viajar sin visa a Estados Unidos.  Es suficiente con tener pasaporte chileno o espaà ±ol, aunque se resida habitualmente en otro paà ­s. En el caso de personas con doble nacionalidad, cuando uno de los pasaportes est incluido en el listado del VWP puede utilizarse cualquiera de ellos para ingresar a EE.UU. Si se elige el que permite viajar sin visa, es necesario que a su titular no se le hubiera negado o cancelado previamente una visa a EE.UU. solicitada con el otro pasaporte. Por ejemplo, una mujer colombiana nacida en Colombia pero que tiene un pasaporte italiano porque su padre tenà ­a esa nacionalidad y se la transmitià ³ a la hija puede ingresar a EE.UU. con el pasaporte colombiano con visa de turista o con pasaporte italiano y la ESTA. Sin embargo, si esa misma mujer solicità ³ una visa con el pasaporte colombiano y le fue negada, no puede ingresar con ESTA y pasaporte italiano. Es obligatorio que solicite y obtenga la aprobacià ³n de una visa B2. Sin ella, no podr viajar a Estados Unidos como turista. Las autoridades estadounidenses saben que se trata de la misma persona con pasaportes de dos paà ­ses diferentes por las huellas digitales. Se toman a todo solicitante de visa y tambià ©n a los turistas extranjeros en los pasos de control migratorio y el sistema informtico encuentra la coincidencia. Requisitos para viajar sin visa a EE.UU. Adems de tener un pasaporte de un paà ­s incluido en el listado del VWP, es necesario cumplir otros requisitos. En primer lugar, por aplicacià ³n de la Ley de Mejora del Programa de Exencià ³n de Visas y Prevencià ³n de Viaje Terrorista de 2015, es condicià ³n fundamental para viajar a EE.UU. sin visa no haber viajado a Irn, Irak, Libia, Siria, Somalia, Sudn o Yemen en fecha del 1 de marzo de 2011 o posteriormente. La à ºnica excepcià ³n son los diplomticos o miembros de ejà ©rcitos que hubieran estado en esos paà ­ses por razones de su trabajo. Otro requisito es que el pasaporte debe ser digitalizado con un chip integrado que pueda leer una computadora y con fecha de expiracià ³n de al menos seis meses ms que el dà ­a previsto de finalizacià ³n del viaje a EE.UU., si bien hay excepciones a este requisito para algunos paà ­ses. Asimismo, es imprescindible que cada persona que viaja tenga su propio pasaporte. En otras palabras, nià ±os y bebà ©s deben tener su propio documento y no estar incluidos en el pasaporte del padre o de la madre. Si se quiere llegar a un puesto migratorio de EE.UU. por avià ³n de là ­nea regular o barco, debe llenarse por internet antes de viajar el formulario ESTA, que significa Sistema Electrà ³nico de Autorizacià ³n para Viajar. Adems, se debe tener ticket de regreso. Por el contrario, si se llega en avià ³n o barco privado es obligatorio solicitar a la embajada o consulado una visa de turista. Si se llega por una frontera terrestre no es necesario solicitar autorizacià ³n electrà ³nica. Al llegar allà ­ debe completarse un documento que se conoce como  I-94 registro de ingreso y salida. Otro requisito a cumplir es que el propà ³sito del viaje debe ser turismo, negocios, visitar amigos o familiares, recibir tratamiento mà ©dico o participar en una feria o conferencia. Bajo ningà ºn concepto se puede trabajar. Por ejemplo, los periodistas que tengan la intencià ³n de cubrir un evento debern pedir el correspondiente visado. Tampoco es legal buscar trabajo cuando se tiene situacià ³n de turista. Tampoco se puede estudiar, a menos que se trate de una actividad a tiempo parcial por menos de 19 horas a la semana. Por otro lado, es posible casarse en situacià ³n de turista pero para evitar problemas se recomienda seguir unas directrices de precaucià ³n. Finalmente, es imprescindible no ser inelegible o inadmisible para ingresar a EE.UU. y que, por otra parte, son los mismos requisitos que se exigen a todos los que solicitan visas no inmigrante en un consulado americano. Esas son dos grandes categorà ­as incluyen diversas situaciones como, por ejemplo, haber estado previamente en EE.UU. ms tiempo que el autorizado, carecer de lazos econà ³micos, familiares y sociales fuertes en el paà ­s de residencia habitual, etc. Las causas de inelegibilidad o inadmisibilidad pueden dar lugar a que el oficial migratorio en el puerto de entrada (aeropuerto, puerto o frontera terrestre) niegue la entrada a EE.UU. Ventajas de viajar sin visa frente a obligacià ³n de obtener visa de turista B2 La posibilidad de viajar sin visa es, en primer lugar, ms cà ³modo ya que supone que no se deben obtener los documentos obligatorios y de apoyo que se presentan en el consulado o embajada de Estados Unidos durante el trmite de la entrevista para obtener la visa de turista B2. Otra ventaja es que es un proceso es ms rpido, ya que no hay que esperar a la entrevista ni programar una maà ±ana de tiempo dedicada a presentarse en el consulado y, dependiendo del paà ­s, tambià ©n a un Centro de Apoyo CAS o ACS. Adems, viajar sin visa es ms barato. En estos momentos la visa de turista tiene un costo de $160 por persona, que se puede incrementar en algunos paà ­ses en cumplimiento de leyes de reciprocidad. Esa cantidad nunca se recupera, aunque la visa sea negada. Por el contrario, la autorizacià ³n para viajar que se conoce como ESTA tiene un costo de $14 y si es rechazada el solicitante obtendr un reembolso de $10 con lo que el costo es de $4 para esos supuestos. Adems, la ESTA la puede solicitarla cualquier turista que cumple todos los requisitos del VWP desde su casa sin necesidad de presentar documentacià ³n o acudir a una entrevista en un consulado. Cabe destacar que no es necesario solicitar la ESTA si se llega a una frontera de Estados Unidos por và ­a terrestre. Autorizacià ³n de viaje ESTA vs. visa electrà ³nica y tiempo mximo de estancia en USA Es comà ºn llamarle visa electrà ³nica a la ESTA, pero no es correcto. No es una visa y, al no ser una visa, no se puede bajo ningà ºn concepto extender el tiempo mximo autorizado de presencia en EE.UU. Tampoco se puede cambiar por otra visa como, por ejemplo, la de turista, por la misma razà ³n, porque la ESTA no es una visa. Y lo mismo aplica a los que ingresan con pasaporte de un paà ­s incluido en el listado de los VWP y sin ESTA porque llegan a travà ©s de una frontera terrestre. Un ingreso a EE.UU. sin visa bajo este programa tiene una estancia mxima de 90 dà ­as. A los tres meses hay que salir del paà ­s. No hay posibilidad de prà ³rroga. Si durante la estancia en Estados Unidos, el turista visita brevemente Bermudas, Canad o Mà ©xico, al regresar se podr entrar, pero no se alargar el tiempo de estancia que seguir siendo el mismo que correspondà ­a a la primera entrada. Cabe destacar que ss muy comà ºn que justo antes de acabar los tres meses la persona extranjera salga a Bermudas, Mà ©xico o Canad por un periodo corto de tiempo, con el fin de lograr un nuevo permiso de estancia en Estados Unidos por otros tres meses. En el momento que regresa puede suceder que el oficial de Inmigracià ³n le deje entrar, sin conceder ms dà ­as extras. Sin embargo, tambià ©n puede que  no le permita regresar a Estados Unidos. La razà ³n es clara: se est vulnerando el espà ­ritu de las leyes migratorias de EE.UU. Si quiere prolongar su estancia en Estados Unidos deber salir del paà ­s conseguir la visa apropiada en una embajada o consulado americano. Finalmente, es recomendable  este test de respuestas mà ºltiples sobre la ESTA y sobre viajar sin visa para asegurar los conocimientos que aplican a esta situacià ³n y evitar problemas migratorios en EE.UU. Puntos Claves: viajar sin visa a Estados Unidos Las personas con un pasaporte incluido en el listado del Programa de Exencià ³n de Visados (VWP) pueden viajar sin visas a Estados Unidos como turistas, para tratamiento mà ©dico, reuniones de negocios, etc.En la actualidad, 38 paà ­ses estn incluidos en el VWP, entre ellos Chile y Espaà ±a. La mayorà ­a de los otros paà ­ses son europeos y asiticos.No pueden viajar sin visa bajo este programa las personas que han visitado Irn, Irk, Siria, Somalia, Sudn, Libia o Yemen con fecha de 1 de marzo de 2011 o posteriormente. Ests excluidos de esta regla militares y diplomticos que viajaron por razà ³n de sus viajes.Si se llega a EE.UU. por barco o avià ³n regular, debe solicitarse con autoridad una autorizacià ³n para viajar conocida como ESTA. No es necesaria si se llega por tierra. Si se llega en avià ³n o barco privado no se puede viajar con ESTA y es imprescindible solicitar una visa de turista.La estancia mxima de estancia en EE.UU. cuando se viaja bajo este programa es de 90 dà ­as. Este es un artà ­culo informativo. No es asesorà ­a legal.

War of 1812 Term Paper Example | Topics and Well Written Essays - 1000 words

War of 1812 - Term Paper Example Yet the availability of the military accounts could contribute to the writings of the domestic history of the war. Hickey argued that America lost the war because â€Å"it had initiated the contest and yet had not achieved the aims for which it was fighting† (743). Indeed Hickey’s point is that the primary targets of the war were not achieved. Hickey suggests that the Napoleonic view of the war is flawed within itself, as John Elting committed the mistake by viewing the war from a Napoleonic perspective. Hickey draws a good deal of references to the Canadian authors on the War of 1812. For most of the Canadian authors, Canada won the war, as it established the country as a strong nation. Among the authors that Hickey describes in his essay, Gerard Atloff’s work is important because it deals with the neglected role of the African American in the War. In another paragraph, Hickey deals with the authors who focused on a good deals of topics such as the men and offic ers of the armies in the war, the Old Northwest, the Niagara Frontiers, the St. Lawrence and Lake Champlain Front, the Chesapeake Bay, the Southwest and Gulf Coast, The Indians, The War at Sea, etc. Hickey argues that though these topics seem to render a vivid picture of the war in 1812, there are still some missing parts of the war that need to be dealt with, as he says, â€Å"Does this renaissance mean that we can drop the label ‘forgotten conflict’? .....Moreover, virtually all the new work has been confined to the wars military history; the domestic history and the diplomatic history have been largely ignored† (764). In the article â€Å"William Henry Harrison in the War of 1812†, Beverley W. Bond primarily deals the difficulties Harrison faced during the war and his military skills. Meanwhile he has tried to assess the true place of Harrison in the war. According to him,

Change & Continuity in Contemporary Business Essay

Change & Continuity in Contemporary Business - Essay Example It also enthused the workforce with renewed vision of the company and provided clarity to them with regard to their roles in the makeover of the organization. Yet, the transformation could be called only a part success since this transformation has not solved the company’s major problem of ageing median age of its customers. The company would be again forced to brainstorm in order to tackle this situation. In the hurry to tackle immediate crisis, it has not made any provision for future market changes. It is yet to act as per the perceived changes in the coming years. Eventually, the report recommends that Harley Davidson should seek its future in newer market segments with new products. Among its employees, it should train and guide a chosen set of people to catch the signs of advancing change in the market scenario and take steps to prepare accordingly. It also recommends the organization to diversify in other automobile segments such as cars and commercial vehicles. As evident from the time bar above, Harley Davidson saw lots of ups and downs before it entered the transformation phase. Harley Davidson, in its early days was the only motorcycle manufacturer in America and ruled the motorcycle market. However, it was caught unawares when foreign entrants flooded the market with innovative, quality and affordable products. The Japanese players catered to newer market segments untapped by Harley. The change in management of the company and the new management’s haste to catch up with the competitors added to the woes of the company which was already suffering from declined market share. The company slumped to its lowest in terms of market share i.e. 23%. It was at this point that few of its managers decided to take over the company. They tried to understand the strengths of the competitors and the weaknesses of their own organization and brought about a fresh insight into work. Under the able leadership

Fast Food and the Problems with Fast Food Essay Example for Free

Fast Food and the Problems with Fast Food Essay Fast Food Having an Effect on U. S Health Fast food chains are anywhere and everywhere. You cannot drive to town without passing at least two or three of these â€Å"restaurants. † The concept behind fast food was a good idea, but the results were catastrophic in the health aspect. Now that fast food has become one of the top industries in the world, everything has gone awry. The fast food industry has drastically changed the way people view food, how convenience is rising and the cost for products. Fast food restaurants first started as drive-ins with car hops, but in the 1980’s began with drive-thru windows. McDonald’s was one of the first ones to convert from car hops to drive-thru windows. The idea of fast food service brought about a whole new concept to how we view food. Without proper education in the health field typical Americans would not know what their body needs and what they consume. Maybe if that was the case the obesity rate and rates of chronic heart disease would plummet and we could focus on more important problems. When these restaurants began to spring up, it spread like wildfire. Sonic, McDonalds, Burger King, Wendy’s and etc. all became multi-million dollar companies. They discovered they could mass-produce products that were cheap and that could make them money faster than what they had to been doing before (Super-Size Me). Fast food has sprung up and become a leading industry because they are focused on quick, cheap food for people. Despite how bad it is for them it is cheap and fast to produce. They are extremely convenient due to the drive-thru windows that are being incorporated into any and all fast food restaurants. The food that you buy is relatively inexpensive and cheap also. Another key point to fast food restaurants popularity is that they are advertising their foods more towards the children. McDonald’s has their cartoon show that advertises their products to children along with the play places and their mascot, Ronald McDonald. They also incorporate toys and such for the kids’ meals. Burger King does something similar to McDonald’s with their characters. There are many lawsuits against corporations advertising to children for fast food, which are still being reviewed for the time being. This advertising is being sued because of the high rates of obesity in younger children is sky rocketing and chronic heart diseases at younger ages is also a factor in these lawsuits (Food, Inc). The health factors play perhaps the largest role in any type of food industry. â€Å"The disadvantages to fast food is that the products are higher in soya, fat, sugar, oil, fried meat, salt cheese, mayonnaise, and obviously salt†(Bose). There are very little nutrients in fast food if any due to the process of frying the foods to cook them. There is also bacteria present on the food before frying it which can do harm to our bodies if not destroyed also. There is a direct link between fast food and obesity, coronary heart disease (CHD) and diabetes. Fast food is loaded with salt and fats that are not needed for the body to function which after a long period of â€Å"exposure† can lead to CHD and obesity. â€Å"Eating fast food two or more times a week was also found to increase the risk of developing type 2 diabetes by 27 percent† (University of Minnesota). The advantages of fast food are more for convenience than nutrition. †In a survey done by WebMD the top 11 reasons for eating fast food are as follows: They’re quick, they’re easy to get to, I like the taste of fast food, they’re inexpensive, I’m too busy to cook, it’s a â€Å"treat† for myself, I don’t like to prepare foods myself, I don’t like to prepare foods myself, My friends/family like them, it is a way of socializing with friends and family, they have many nutritious foods to offer, they’re fun and entertaining†(Hitti). This survey just shows that most Americans do not have time or do not make the time to prepare meals for themselves and their families. If families are too be healthier individuals they need to make time to prepare meals for the entire family. Choosing one day out of the week to cook meals for the whole week is a great and convenient solution to this problem. The major chains that have flourished greatly are McDonald’s with their advertising towards children and very inexpensive foods, Burger King with their better â€Å"quality† tasting food, and Sonic which kept the drive in style fast food, but incorporated a drive thru into their layout. Each of these restaurants have one thing in common, they all advertise to children as their main concentration. Keeping their restaurants friendly and geared towards kids pushes the kids to want to keep going to these places so they can eat and play. Sonic does not offer a play place or anything like what Burger King and McDonald’s have. Sonic keeps more of the older style of fast food using car hops and drive ins which plays to their advantage being one of the very few restaurants that even do this anymore. One of the biggest problems with fast food is that they try to keep us in the dark about what we are consuming. That should raise the question of what is being hidden from us. In the documentary, Food Inc. all of the corporations producing foods refused to comment on their procedures. The farmers were not even allowed to let the cameramen into their chicken houses. This alone should tell us there is something that these companies are hiding that could cause them to lose a lot of money. If you watch closely to how these companies operate then that alone should raise an eyebrow or two as to what is their big secret and why are we the consumers kept in the dark about this. For McDonalds, the chicken nuggets they sale are not actually chicken nuggets. The â€Å"nuggets† are the leftovers of the chicken made into a pink paste like substance that is then made into a chicken nugget. None of the meats made are 100 percent beef or chicken or fish. The products are leftovers of the real ingredients ground up and mixed with other products to make what we consume. Trans-fatty acids are placed into the products to preserve them which only make them worse for us, which leads to insulin resistance over time and cause Type 2 diabetes. The beef has been reported to have less than 2 percent actual beef in the burgers. Many of the mystery ingredients in fast food are typically industrial chemicals. The occurrence with deaths due to how our food is processed is becoming a major concern for most states. Unfortunately FDA regulations are very lax with food processing companies and fast food companies because some of the â€Å"big wigs† are working for these food companies (Food, Inc. ). The beef that is being processed for our consumption are typically standing in their own manure, which causes infected meats and disease ridden food. Also chicken houses are very similar to the way beef is raised. The chickens are packed into these houses and pumped with steroids so they will grow much faster and much larger than normal. This means less time spent raising the chicken and faster money in the pockets of the corporations. Food is an essential part of life. It is necessary to live and to function throughout the day. The type of food we consume is up to us, we can have healthy, nutritious food or we can have quick, unhealthy food. The choice comes down to our knowledge of what we consume and need as humans. Unfortunately fast food has changed how we view food, how convenience is a greater commodity than nutrition and the cost for products. Works Cited Bose, Debopriya. â€Å"Advantages and Disadvantages of Fast Food. † 12 Nov. 2013. Buzzle. Web. Clarke, Nancy. â€Å"Health Risks Involved When Eating Fast Food. † 9 Sep. 2013. Demand Media. Web. Food, Inc. Dir. Robert Kenner. Perf. Michael Pollan, Eric Schlosser, Gary Hirschberg, and Joe Halatin. Magnolia Pictures, 2008. Documentary. Henshaw, Ashley. â€Å"The Major Health Hazards of Fast Food. † 9 Sept. 2013. SymptomFind. Web. Hitti, Miranda. â€Å"Top 11 Reasons for Fast Food’s Popularity. † 12 Nov. 2013. WebMD. Web. Pereira, Mark, David S. Ludwig, Alex I. Kartashov, Cara B. Ebbeling, Linda Van Horn, Martha L. Slattery, David R. Jacobs. â€Å"Fast-food Habits, Weight Gain, and Insulin Resistance (The CARDIA Study): 15-Year Prospective Analysis. † 9 Sept. 2013. 365. 9453(2005): 36-42. Web. 9 Sept. 2013 Martindale, Diane. â€Å"Fast Food is a Major Public Health Hazard 177. 2380. † 2 July 2012. Organic Consumers Association. 9 Sept. 2013. Web. Super-Size Me. Dir. Morgan Spurlock. Perf. Morgan Spurlock, Daryl Isaacs, and Lisa Ganjhu. Kathbur Pictures, 2004. Documentary. University of Minnesota Academic Health Center. â€Å"Fast Food Intake Increases Risk of Diabetes and Heart Disease in Singapore. † ScienceDaily. 9 Sept. 2013. Web. Weiss, Thomas C. â€Å"Associated Health Risks of Eating Fast Foods. †. Disabled World. Fast Food Having an Effect on U. S Health Fast food chains are anywhere and everywhere. You cannot drive to town without passing at least two or three of these â€Å"restaurants. † The concept behind fast food was a good idea, but the results were catastrophic in the health aspect. Now that fast food has become one of the top industries in the world, everything has gone awry. The fast food industry has drastically changed the way people view food, how convenience is rising and the cost for products. Fast food restaurants first started as drive-ins with car hops, but in the 1980’s began with drive-thru windows. McDonald’s was one of the first ones to convert from car hops to drive-thru windows. The idea of fast food service brought about a whole new concept to how we view food. Without proper education in the health field typical Americans would not know what their body needs and what they consume. Maybe if that was the case the obesity rate and rates of chronic heart disease would plummet and we could focus on more important problems. When these restaurants began to spring up, it spread like wildfire. Sonic, McDonalds, Burger King, Wendy’s and etc. all became multi-million dollar companies. They discovered they could mass-produce products that were cheap and that could make them money faster than what they had to been doing before (Super-Size Me). Fast food has sprung up and become a leading industry because they are focused on quick, cheap food for people. Despite how bad it is for them it is cheap and fast to produce. They are extremely convenient due to the drive-thru windows that are being incorporated into any and all fast food restaurants. The food that you buy is relatively inexpensive and cheap also. Another key point to fast food restaurants popularity is that they are advertising their foods more towards the children. McDonald’s has their cartoon show that advertises their products to children along with the play places and their mascot, Ronald McDonald. They also incorporate toys and such for the kids’ meals. Burger King does something similar to McDonald’s with their characters. There are many lawsuits against corporations advertising to children for fast food, which are still being reviewed for the time being. This advertising is being sued because of the high rates of obesity in younger children is sky rocketing and chronic heart diseases at younger ages is also a factor in these lawsuits (Food, Inc). The health factors play perhaps the largest role in any type of food industry. â€Å"The disadvantages to fast food is that the products are higher in soya, fat, sugar, oil, fried meat, salt cheese, mayonnaise, and obviously salt†(Bose). There are very little nutrients in fast food if any due to the process of frying the foods to cook them. There is also bacteria present on the food before frying it which can do harm to our bodies if not destroyed also. There is a direct link between fast food and obesity, coronary heart disease (CHD) and diabetes. Fast food is loaded with salt and fats that are not needed for the body to function which after a long period of â€Å"exposure† can lead to CHD and obesity. â€Å"Eating fast food two or more times a week was also found to increase the risk of developing type 2 diabetes by 27 percent† (University of Minnesota). The advantages of fast food are more for convenience than nutrition. †In a survey done by WebMD the top 11 reasons for eating fast food are as follows: They’re quick, they’re easy to get to, I like the taste of fast food, they’re inexpensive, I’m too busy to cook, it’s a â€Å"treat† for myself, I don’t like to prepare foods myself, I don’t like to prepare foods myself, My friends/family like them, it is a way of socializing with friends and family, they have many nutritious foods to offer, they’re fun and entertaining†(Hitti). This survey just shows that most Americans do not have time or do not make the time to prepare meals for themselves and their families. If families are too be healthier individuals they need to make time to prepare meals for the entire family. Choosing one day out of the week to cook meals for the whole week is a great and convenient solution to this problem. The major chains that have flourished greatly are McDonald’s with their advertising towards children and very inexpensive foods, Burger King with their better â€Å"quality† tasting food, and Sonic which kept the drive in style fast food, but incorporated a drive thru into their layout. Each of these restaurants have one thing in common, they all advertise to children as their main concentration. Keeping their restaurants friendly and geared towards kids pushes the kids to want to keep going to these places so they can eat and play. Sonic does not offer a play place or anything like what Burger King and McDonald’s have. Sonic keeps more of the older style of fast food using car hops and drive ins which plays to their advantage being one of the very few restaurants that even do this anymore. One of the biggest problems with fast food is that they try to keep us in the dark about what we are consuming. That should raise the question of what is being hidden from us. In the documentary, Food Inc. all of the corporations producing foods refused to comment on their procedures. The farmers were not even allowed to let the cameramen into their chicken houses. This alone should tell us there is something that these companies are hiding that could cause them to lose a lot of money. If you watch closely to how these companies operate then that alone should raise an eyebrow or two as to what is their big secret and why are we the consumers kept in the dark about this. For McDonalds, the chicken nuggets they sale are not actually chicken nuggets. The â€Å"nuggets† are the leftovers of the chicken made into a pink paste like substance that is then made into a chicken nugget. None of the meats made are 100 percent beef or chicken or fish. The products are leftovers of the real ingredients ground up and mixed with other products to make what we consume. Trans-fatty acids are placed into the products to preserve them which only make them worse for us, which leads to insulin resistance over time and cause Type 2 diabetes. The beef has been reported to have less than 2 percent actual beef in the burgers. Many of the mystery ingredients in fast food are typically industrial chemicals. The occurrence with deaths due to how our food is processed is becoming a major concern for most states. Unfortunately FDA regulations are very lax with food processing companies and fast food companies because some of the â€Å"big wigs† are working for these food companies (Food, Inc. ). The beef that is being processed for our consumption are typically standing in their own manure, which causes infected meats and disease ridden food. Also chicken houses are very similar to the way beef is raised. The chickens are packed into these houses and pumped with steroids so they will grow much faster and much larger than normal. This means less time spent raising the chicken and faster money in the pockets of the corporations. Food is an essential part of life. It is necessary to live and to function throughout the day. The type of food we consume is up to us, we can have healthy, nutritious food or we can have quick, unhealthy food. The choice comes down to our knowledge of what we consume and need as humans. Unfortunately fast food has changed how we view food, how convenience is a greater commodity than nutrition and the cost for products. Works Cited Bose, Debopriya. â€Å"Advantages and Disadvantages of Fast Food. † 12 Nov. 2013. Buzzle. Web. Clarke, Nancy. â€Å"Health Risks Involved When Eating Fast Food. † 9 Sep. 2013. Demand Media. Web. Food, Inc. Dir. Robert Kenner. Perf. Michael Pollan, Eric Schlosser, Gary Hirschberg, and Joe Halatin. Magnolia Pictures, 2008. Documentary. Henshaw, Ashley. â€Å"The Major Health Hazards of Fast Food. † 9 Sept. 2013. SymptomFind. Web. Hitti, Miranda. â€Å"Top 11 Reasons for Fast Food’s Popularity. † 12 Nov. 2013. WebMD. Web. Pereira, Mark, David S. Ludwig, Alex I. Kartashov, Cara B. Ebbeling, Linda Van Horn, Martha L. Slattery, David R. Jacobs. â€Å"Fast-food Habits, Weight Gain, and Insulin Resistance (The CARDIA Study): 15-Year Prospective Analysis. † 9 Sept. 2013. 365. 9453(2005): 36-42. Web. 9 Sept. 2013 Martindale, Diane. â€Å"Fast Food is a Major Public Health Hazard 177. 2380. † 2 July 2012. Organic Consumers Association. 9 Sept. 2013. Web. Super-Size Me. Dir. Morgan Spurlock. Perf. Morgan Spurlock, Daryl Isaacs, and Lisa Ganjhu. Kathbur Pictures, 2004. Documentary. University of Minnesota Academic Health Center. â€Å"Fast Food Intake Increases Risk of Diabetes and Heart Disease in Singapore. † ScienceDaily. 9 Sept. 2013. Web. Weiss, Thomas C. â€Å"Associated Health Risks of Eating Fast Foods. †. Disabled World.

Giotto Bizzarrini and the Bizzarrini BZ2001 :: essays papers

Giotto Bizzarrini and the Bizzarrini BZ2001 When you’re to look upon the Bizzarrini BZ-2001, you’d see that there are no bounds to the imagination of Italian car stylists. The BZ-2001 is the work of Giotto Bizzarrini whose portfolio includes many past exotic cars. Right now, the BZ-2001 rides on the tubular chassis of a Ferrari Testarossa, and is powered by the Ferrari’s 380-horsepower flat-12-cylinder engine. But true to past Bizzarrini designs, plans are afoot to switch to American small-block V-8 power, and to discard the Ferrari’s frame for a chassis built solely of carbon fiber. With more power and less weight than the car has now, performance should be phenomenal. Many people might think that this is an all-Italian automobile, but it’s not. It was first started when Berry Watkins, who is a resident of California, sketched a few crude line drawings of what this dream car could look like. He then showed these drawings to Ing. Giotto Bizzarrini at the Pebble Beach Concours D'Elegance event. At this event, Berry Watkins was displaying his Scaglietti Berlinetta Corvette, which was considered by many that attended to be one of the most beautiful Italian bodied sports cars at Pebble Beach that year. Ing. Giotto Bizzarrini was very impressed with Berry’s work. Giotto Bizzarrini and Mr. Watkins exchanged ideas about what a future sports car or super car would look like. It was evident that Giotto Bizzarrini was very interested in the ideas Mr. Watkins offered. While all of the sketches and drawing were being exchanged, an agreement was signed in May of 1991 between Giotto and Giuseppe Bizzarrini and Mr. Watkins whereby the concept automobile would be the responsibility of Bizzarrini, and the construction, finance and development would be the responsibility of Mr. Watkins. In April of 1990, Luis Romo was elected to be the BZ-2001 project manager. Luis had been the Project Manager for the Dodge Viper Prototype at Metal Crafters. He was also on the Mazda Miata design team and was the Project Manager for the Plymouth Speedster and many, many other exciting development projects. To realize Bizzarrini's concept drawings and sketches, Luis translated them into a 1/5 clay model which was then compared to the original 1/8 plastic model presented to Bizzarrini; and there was basically very little similarity in proportion or style. There were many designers that came from all parts of the world to work on the CAD (Computer Aided Design) part of the project.

Negative Effects of Genetically modified food Essay

Since the beginning of life, nourishment is the first requirement for all kind of alive. According to Chassy (2007), early humans lived a hunter gatherer lifestyle and that around 10000 years ago they started to transition into an agricultural lifestyle. Also they feed animals to their milk, meat and eggs. Later, some people interested in agriculture in order to survive and earn money. In today’s world, technological developments and medical improvements resulted in higher life standards and world population become more and more crowded. Lots of farmers and food companies emerged in order to meet the needs of this growing population. Organic foods started to be insufficient for human beings because of the increasing population. As a result of this insufficiency, people seek different kind of foods with the help of technological developments and they created genetically modified foods (GM foods). Genetically modified crops first appeared commercially in the mid-1990s and today GM crops are grown commercially by 8. 25 million farmers on 200 million acres spread throughout 17 countries (Schmidt, 2005). Genetically modified foods or biotech foods can be described simply as foods derived from genetically modified organisms. These crop plants created for human or animal consumption using the latest molecular biology techniques. In his essay â€Å"Genetically Modified Foods: An Insight† Raaz Maheshwari (2012) explains that â€Å"Genetically modified foods are derived from genetically modified organisms. Genetically modified organisms have had specific changes introduced into their DNA by genetic engineering, using a process of either Cisgenesis or Transgenesis. These techniques are much more precise than Mutagenesis (mutation breeding) where an organism is exposed to radiation or chemicals to create a non-specific but stable change. † At the beginning, these crops have a bright and promising future. However, safety of genetically modified foods was started to questioned and become a central issue driving the genetic engineering controversy today (Carman, 2004). Although some scientists claims that food derived from GM crops on the market does not have greater risk to human health than organic foods, there is a idespread research on several negative effects of GM foods , including safety issues, economic concerns and environmental hazards. Recently, concerns about GM foods have raised by all environmental activists, religious organizations, public interest groups, professional associations, other scientists and government officials. Also, they criticized potential hazards of GM food (Whitman, 2000). Specifically, this study posed the r esearch question: What are the general negative effects of genetically modified foods on earth’s ecology and human health. As I mentioned earlier, humanity always requiring all kind of food. Although they meet their requires from hunting very beginning, agriculture is the main food resources when the first crop harvested. However food resources doesn’t enough for humanity because of huge crowds, because of th? s reason people find a new form of food which named genetically modified foods or biotech foods. These foods derived from genetically modified organisms. Since mid-1900s genetically modified foods using our daily meal and from these time these foods always negotiated. There is no exact consequences of these negotiations. However, there are lots of negative effects of genetically modified foods on earth’s ecology and human health such as; allergetic diseases, poisoning both human and animals and killing beneficial insects. To begin with, lots of result of researches show us genetically modified foods are dangerous for natural life. According to Batalian(N. D. ) studies about GM products shown that these products can kill beneficial insects which most notably the monarch butterfly larvae. He also said there are other studies related to the death of bees which are died during a contained trial with Monsanto’s Bt cotton, springtails and ladybird beetles. He said his same essay other studies about GM potatoes, spliced with DNA from the snowdrop plant and a viral parameter, show us these potatoes was poisonous to rats. Between the many insect pollinators of agricultural crops, honey bees are the best known (O’Callaghan, 2005). According to O’Callaghan, cotton nectar is really attractive to them and produces useful honey, but if these cottons are genetically modified from engineers it can be harmful for bees why these cottons not natural and it includes different types of proteins and concentrations. Another effect of GM foods on natural life about gene transfer to non-target species. Deborah B. Whitman said his article â€Å"Another concern is that crop plants engineered for herbicide tolerance and weeds will cross-breed, resulting in the transfer of the herbicide resistance genes from the crops into the weeds. These ‘superweeds’ would then be herbicide tolerant as well. Other introduced genes may cross over into non-modified crops planted next to GM crops. † Genetically modified foods effects the natural life where the people plant them. For example GM trees or ‘super-trees’ are being developed which can be sprayed from the air to kill literally all of surrounding life, except the GM trees (Batalian,N. D. ). He also said these trees are often sterile and flowerless which is in contrast to rainforest teaming with life, or where a single tree can host thousands of unique species of insects, fungi, mammals and birds in an interconnected ecosphere. There are also terminator trees which has developed plants with the New Zealand Forest Research Agency to create still more lethal tree plantations. These super deadly trees are look like super-trees, however these kind leaves exuding toxic chemicals to kill caterpillars and other surrounding insects(Batalian,N. D. ) Like the other effects of GM foods it also causes increasing numbers of resistant pests. According to Mellon (N. D. ), â€Å"There are signs that the most popular HT crops-those resistant to the herbicide glyphosate-will lose effectiveness as weeds become resistant to the herbicide. Scientists expect that BT crops, too, will succump to pests that evolve resistance to the BT toxins. Secondly, consumption of genetically modified foods from humans effects their health negatively. First effect of GM foods on human health is allergenicity. According to Bakshi (N. D. ), food allergy is a very important health issue with the prevalence of immunoglobulin E antibody-mediated food allergies among adults being approximately 2% and nearly 5% in children. Bakshi also said consumption of genetically modified foods may trigger all ergic reaction. For example Bakshi said kiwi fruit not associated with any allergies in the 1960s. However , there are some people who are currently allergic to it; the allergenic protein in the kiwi fruit was identified to be actinidin. Bakshi also said â€Å"Genetically modified foods can introduce novel proteins into the food supply from organisms that are never consumed as foods. Some of those proteins could be allergenic. † Second effects of GM foods on human health is antibiotic resistance. Antibiotic resistance is the ability of an organism to be unaffected by the antibiotic, occurs naturally by evolution. According to Bakshi(N. D. , genetic engineering usually involves the use of genes for antibiotic resistance as ‘selectable markers. ’ These markers help to choose cells that consolidated foreign genes. There are concerns that these chosen genes might recombine with pathogenic bacteria in the environment or with naturally occurring bacteria in the gastrointestinal tract of mammals who consume genetically modified food, contributing to the growing public health risk associated with antibiotic resistance for infections that cannot be treated with traditional antibiotics. It must be true negative effects of GM foods because lots of European countries including Britain have refused to allow the Novartis Bt corn to be grown because the ampicillin resistance gene might be transferred from Bt corn to bacteria which these bacterias making a far less effective antibiotic against bacterial infections (Bakshi,N. D. ). Similarly Bakshi , enhs. umn. edu, said â€Å" In recent years health professionals have become alarmed by the increasing number of bacterial strains that are showing resistance to antibiotics. Bacteria develop resistance to antibiotics by creating antibiotic resistance genes through natural mutation. Third effect of GM foods on human health is cancer and degenerative diseases. According to article of Batalian (N. D. ) , lots of researches show us GM foods or hormones which is used for increased milk production in cow causes breast and prostate cancer. Also he said some of Canadian researches prove that GM organism which injected rats mammals l ike humans, this organism damaged thyroid cysts and internal organ. Besides , consuming GM foods causes autoimmune diseases, inflammation, arthritis and lymphoma(Batalian,N. D. ) Lastly, gene transfer from GM foods to body cells can cause disease. According to WHO(N. D. ), â€Å"Gene transfer from GM foods to cells of the body or to bacteria in the gastrointestinal tract would cause concern if the transferred genetic material adversely affects human health. This would be particularly relevant if antibiotic resistance genes, used in creating GMOs, were to be transferred. † In the light of all above mentioned studies, it could be said that scientist have not discovered the true researches consequences about genetically modified foods. They growth a non-natural nutrition, however they do not know their effects on human body and environment. It can be cause lots of bad diseases on human body and harm environment. Because it is dangerous for all kind of alive and natural systems, GM foods production processes should be controlled by new ministry and GM foods may be tested before selling in markets. Those who are support GM foods said these foods have benefits on future hunger and they also support we all need these foods in future. According to Feuilherade (2011),humanity needs 40% more foods by the middle of the century and GM foods is the only solution of this big problem. He also add these foods are healthy for human body because if we change the DNAs of foods, lots of vitamins and drugs may added inside the foods. However, www. webmd. com(N. D. ), mentioned these foods are not natural and has no guarantees, also has some important risks, such as; introducing allergens and toxins to food, accidental contamination between genetically modified and non-genetically modified foods, antibiotic resistance and adversely changing the nutrient content of a crop. Scientists and governments always discuss this topic, however there is no exact result about harms or benefits of GM foods. Nobody do not know consequences of GM foods. Maybe after 50 years it will cause lots of diseases even will kill millions of people. There should be more and more researches about these foods and scientist and governments should give more importance, also all government which country interest growing GM foods, they should open new ministry and specific research center of GM foods before sell these product to innocence people. In conclusion, about GM foods, there are lots of researches and its effects on health and environment are not obvious. The scientist will move to improve these foods and sell them billions of people worldwide. With the support of governments and big bosses, poor and ignorant people buy these uncertain foods. Finally, I personally believe that GM foods will cause lots of die forth coming years, because of these reason these procedure should limited and controlled strictly by the government before selling. Also natural agriculture should be supported and use of organic food promoted.

Solution of Week6

Problem 1. 7. Suppose that you write a put contract with a strike price of $40 and an expiration date in three months. The current stock price is $41 and the contract is on 100 shares. What have you committed yourself to? How much could you gain or lose? You have sold a put option. You have agreed to buy 100 shares for $40 per share if the party on the other side of the contract chooses to exercise the right to sell for this price. The option will be exercised only when the price of stock is below $40. Suppose, for example, that the option is exercised when the price is $30.You have to buy at $40 shares that are worth $30; you lose $10 per share, or $1,000 in total. If the option is exercised when the price is $20, you lose $20 per share, or $2,000 in total. The worst that can happen is that the price of the stock declines to almost zero during the three-month period. This highly unlikely event would cost you $4,000. In return for the possible future losses, you receive the price of the option from the purchaser. Problem 1. 21. â€Å"Options and futures are zero-sum games. † What do you think is meant by this statement?The statement means that the gain (loss) to the party with the short position is equal to the loss (gain) to the party with the long position. In aggregate, the net gain to all parties is zero. Problem 1. 30 The price of gold is currently $1,000 per ounce. The forward price for delivery in one year is $1,200. An arbitrageur can borrow money at 10% per annum. What should the arbitrageur do? Assume that the cost of storing gold is zero and that gold provides no income. The arbitrageur should borrow money to buy a certain number of ounces of gold today and short forward contracts on the same number of ounces of gold for delivery in one year.This means that gold is purchased for $1000 per ounce and sold for $1200 per ounce. Assuming the cost of borrowed funds is less than 20% per annum this generates a riskless profit. Problem 2. 3. Suppose th at you enter into a short futures contract to sell July silver for $17. 20 per ounce. The size of the contract is 5,000 ounces. The initial margin is $4,000, and the maintenance margin is $3,000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call? There will be a margin call when $1,000 has been lost from the margin account.This will occur when the price of silver increases by 1,000/5,000 ? $0. 20. The price of silver must therefore rise to $17. 40 per ounce for there to be a margin call. If the margin call is not met, your broker closes out your position. Problem 2. 10. Explain how margins protect investors against the possibility of default. A margin is a sum of money deposited by an investor with his or her broker. It acts as a guarantee that the investor can cover any losses on the futures contract. The balance in the margin account is adjusted daily to reflect gains and losses on the futures contract.If losses are above a certain level, the investor is required to deposit a further margin. This system makes it unlikely that the investor will default. A similar system of margins makes it unlikely that the investor’s broker will default on the contract it has with the clearing house member and unlikely that the clearing house member will default with the clearing house. Problem 2. 11. A trader buys two July futures contracts on frozen orange juice. Each contract is for the delivery of 15,000 pounds. The current futures price is 160 cents per pound, the initial margin is $6,000 per contract, and the maintenance margin is $4,500 per contract.What price change would lead to a margin call? Under what circumstances could $2,000 be withdrawn from the margin account? There is a margin call if more than $1,500 is lost on one contract. This happens if the futures price of frozen orange juice falls by more than 10 cents to below 150 cents per pound. $2,000 can be withdrawn from the margin account if the re is a gain on one contract of $1,000. This will happen if the futures price rises by 6. 67 cents to 166. 67 cents per pound. Problem 2. 21. What do you think would happen if an exchange started trading a contract in which the quality of the underlying asset was incompletely specified?The contract would not be a success. Parties with short positions would hold their contracts until delivery and then deliver the cheapest form of the asset. This might well be viewed by the party with the long position as garbage! Once news of the quality problem became widely known no one would be prepared to buy the contract. This shows that futures contracts are feasible only when there are rigorous standards within an industry for defining the quality of the asset. Many futures contracts have in practice failed because of the problem of defining quality. Problem 2. 6 Trader A enters into futures contracts to buy 1 million euros for 1. 4 million dollars in three months. Trader B enters in a forward contract to do the same thing. The exchange (dollars per euro) declines sharply during the first two months and then increases for the third month to close at 1. 4300. Ignoring daily settlement, what is the total profit of each trader? When the impact of daily settlement is taken into account, which trader does better? The total profit of each trader in dollars is 0. 03? 1,000,000 = 30,000. Trader B’s profit is realized at the end of the three months.Trader A’s profit is realized day-by-day during the three months. Substantial losses are made during the first two months and profits are made during the final month. It is likely that Trader B has done better because Trader A had to finance its losses during the first two months. Problem 2. 29. A company enters into a short futures contract to sell 5,000 bushels of wheat for 450 cents per bushel. The initial margin is $3,000 and the maintenance margin is $2,000. What price change would lead to a margin call? Under what c ircumstances could $1,500 be withdrawn from the margin account?There is a margin call if $1000 is lost on the contract. This will happen if the price of wheat futures rises by 20 cents from 450 cents to 470 cents per bushel. $1500 can be withdrawn if the futures price falls by 30 cents to 420 cents per bushel. Problem 2. 30. Suppose that there are no storage costs for crude oil and the interest rate for borrowing or lending is 5% per annum. How could you make money on May 26, 2010 by trading July 2010 and December 2010 contracts on crude oil? Use Table 2. 2. The July 2010 settlement price for oil is $71. 51 per barrel. The December 2010 settlement price for oil is $75. 3 per barrel. You could go long one July 2010 oil contract and short one December 2010 contract. In July 2010 you take delivery of the oil borrowing $71. 51 per barrel at 5% to meet cash outflows. The interest accumulated in five months is about 71. 51? 0. 05? 5/12 or $1. 49. In December the oil is sold for $75. 23 pe r barrel which is more than the amount that has to be repaid on the loan. The strategy therefore leads to a profit. Note that this profit is independent of the actual price of oil in June 2010 or December 2010. It will be slightly affected by the daily settlement procedures. Problem 3. 1.Under what circumstances are (a) a short hedge and (b) a long hedge appropriate? A short hedge is appropriate when a company owns an asset and expects to sell that asset in the future. It can also be used when the company does not currently own the asset but expects to do so at some time in the future. A long hedge is appropriate when a company knows it will have to purchase an asset in the future. It can also be used to offset the risk from an existing short position. Problem 3. 3. Explain what is meant by a perfect hedge. Does a perfect hedge always lead to a better outcome than an imperfect hedge?Explain your answer. A perfect hedge is one that completely eliminates the hedger’s risk. A pe rfect hedge does not always lead to a better outcome than an imperfect hedge. It just leads to a more certain outcome. Consider a company that hedges its exposure to the price of an asset. Suppose the asset’s price movements prove to be favorable to the company. A perfect hedge totally neutralizes the company’s gain from these favorable price movements. An imperfect hedge, which only partially neutralizes the gains, might well give a better outcome. Problem 3. 5.Give three reasons why the treasurer of a company might not hedge the company’s exposure to a particular risk. Explain your answer. (a) If the company’s competitors are not hedging, the treasurer might feel that the company will experience less risk if it does not hedge. (See Table 3. 1. ) (b) The shareholders might not want the company to hedge because the risks are hedged within their portfolios. (c) If there is a loss on the hedge and a gain from the company’s exposure to the underlying asset, the treasurer might feel that he or she will have difficulty justifying the hedging to other executives within the organization.Problem 3. 17. A corn farmer argues â€Å"I do not use futures contracts for hedging. My real risk is not the price of corn. It is that my whole crop gets wiped out by the weather. †Discuss this viewpoint. Should the farmer estimate his or her expected production of corn and hedge to try to lock in a price for expected production? If weather creates a significant uncertainty about the volume of corn that will be harvested, the farmer should not enter into short forward contracts to hedge the price risk on his or her expected production. The reason is as follows.Suppose that the weather is bad and the farmer’s production is lower than expected. Other farmers are likely to have been affected similarly. Corn production overall will be low and as a consequence the price of corn will be relatively high. The farmer’s problems arising f rom the bad harvest will be made worse by losses on the short futures position. This problem emphasizes the importance of looking at the big picture when hedging. The farmer is correct to question whether hedging price risk while ignoring other risks is a good strategy.

english colonies, north and so essays

english colonies, north and so essays English Colonies, North and South Miguel Fuentes Chesapeake and New England were essentially settled by people from the same country, but the mind set of the two colonies were completely different. All left with the idea of starting a colony, but one was based on religion and prosperousness and the other was based on wealth and greed. As written by John Winthrope, rich, poor, powerful and weak, must work together as one man under god almighty. As he wrote in high spirits aboard the Arbella on the way to the new world. The north seemed more prosperous and well mannered, the north was not afraid of Indians, and try to wage war, but tried to teach and aid the Indians in the teachings of their god. according to the list of emigrants to New England, families were embarking on the voyage to the new world, thus leading to the assumption that these people were going to try and start a colony to populate the new country. The people of the north were religious people and based their life, rules and morales on the teachings of the lord, as shown in the articles of agreement.  The south however was not based on such morales as their opposite counterparts, the north. As gathered from the documents it did not seem as if the south was trying to build a colony at all. According tom the list of emigrants to Virginia, men heavily out weighed women, thus it was hard to build families. When they reached Virginia they dug for gold all the time. These people were worked to death and not fed well as stated in document F. The south constantly waged war with the Indians, invaders such as the Dutch, and themselves. Religion, moral, and greed are some of the words that could be used in contrasting the north and the south. Although they all came from England, they arrived in the new world completely different. They shared very little in common although they both survived, barely in the souths case, when they wee saved by the di ...