Tuesday, December 24, 2019

E Commerce Is The Best Hosting Service You Would...

Which Is The Best Hosting Service You Would Recommend For An Ecommerce? Over years, the e-commerce segment of web hosting industry has grown by leaps and bounds. The growing number of businesses that have come to realize the high potential in selling products along with services online is the only reason. With the support of a consistent infrastructure, e-commerce hosting may easily enable you to showcase your catalog to the world in an effective manner hence boosting your bottom line in the whole process. Factors Distinguishing eCommerce Hosting There are a few factors that differentiate e-commerce hosting from traditional hosting and maximum deal with several features. A typical package may come bundled with features including: Free site builder Multiple email accounts and webmail Control panel The combination lets you easy management of all vital aspects of your website. An e-commerce solution is well known to offer all these features and many more by simply putting special emphasis on those features that have been designed for those who aspire to sell goods and services through online mode. Benefits through eCommerce Hosting As technology continues to evolve hence leading towards easy expansion of the Internet all across the globe, e-commerce hosting is becoming highly demanded all around the world. Businesses all across industries are flocking to reap benefits that include: Storefront friendliness – A well equipped e-commerce hosting solution will provide youShow MoreRelatedFinal Project Milestone One : Internship1346 Words   |  6 Pageson-line presence for his store. We will research and decide from the various types of e commerce hosting services which would be the best fit for the needs of Harrison Kirby’s local retail golfing supply business. There were certain guidelines and expectations that Harrison would be looking for in the solution we provide. The solution that a Harrisons Kirby requires would need to provide the following services. 1. The solution must be able to support a minimum of 150 products that can be sold onlineRead MoreOvercoming Shyness6824 Words   |  28 Pages Introduction Definition of E-commerce The Internet is actually great spot to personal as well as perform a business idea by using e-commerce software. The range include places in which earnings tend to be loved within the being successful a long time. This is why it is often an expanding proven fact that actually big-time businesses are starting in order to expose their own things within the Internet. Electronic commerce(e-commerce) which has a multi million dollar potential Read More TapNet Business Plan Essay7528 Words   |  31 Pagespartners and potential stockholders. 1.1 The Opportunity The Internet and specifically business-to business applications are expanding at a tremendous rate. Many companies and associations are entering this portal area to provide valuable products services to the industry and generate economic profit at the same time. TapNets Board of Directors saw this opportunity about year ago and has been fine tuning their concept and approach. Since this time, TapNet has moved forward and further developed theRead MoreImpact Of Digital Marketing On E Commerce9734 Words   |  39 PagesPROJECT REPORT ON â€Å"IMPACT OF DIGITAL MARKETING OR E-COMMERCE IN CURRENT BUSINESS SCENARIO† (A CASE STUDY OF TATA CONSULTANCY SERVICES) SUBMITTED BY ANKUR NARANG ENROLLMENT NO.: 1321000782 UNDER SUPERVISION OF MR. SUPREET SINGH Submitted in partial fulfillment of the requirements for qualifying P G PROGRAMME IN MANAGEMENT In (MARKETING) INSTITUTE OF MANAGEMENT TECHNOLOGY CENTRE FOR DISTANCE LEARNING GHAZIABAD MAY, 2015 TABLE OF CONTENTS CHAPTER CONTENTSRead MoreIct and Ebusiness Retail Industry88499 Words   |  354 PagesICT and e-Business Impact in the Retail Industry Study report No. 04/2008 European Commission, DG Enterprise Industry e-Mail: entr-innov-ict-ebiz@ec.europa.eu, info@ebusiness-watch.org Impact Study No. 04/2008 ICT and e-Business Impact in the Retail Industry A Sectoral e-Business Watch study by empirica GmbH Final Report Version 4.0 September 2008 This report was prepared by empirica on behalf of the European Commission, Enterprise Industry Directorate General, in the contextRead MoreBusiness Information Systems31162 Words   |  125 Pagessales channels. b. poorly managed sales channels. c. outdated information systems. d. decreasing ticket sales. Answer: d Difficulty: Medium Reference: p. 3 2. The six important business objectives of information technology are new products, services, and business models; customer and supplier intimacy; survival; competitive advantage, operational excellence, and: a. improved flexibility. b. improved decision making. c. improved business practices. d. improved efficiency. Answer: b Difficulty:Read MoreManaging Information Technology (7th Edition)239873 Words   |  960 Pages CONTENTS: CASE STUDIES CASE STUDY 1 Midsouth Chamber of Commerce (A): The Role of the Operating Manager in Information Systems CASE STUDY I-1 IMT Custom Machine Company, Inc.: Selection of an Information Technology Platform CASE STUDY I-2 VoIP2.biz, Inc.: Deciding on the Next Steps for a VoIP Supplier CASE STUDY I-3 The VoIP Adoption at Butler University CASE STUDY I-4 Supporting Mobile Health Clinics: The Children’s Health Fund of New York City CASE STUDY I-5

Monday, December 16, 2019

A Startling Fact about People That Write Papers for You Uncovered

A Startling Fact about People That Write Papers for You Uncovered Our writers make great careers on our website, since they are content to assist students. It is not simple to compose an essay paper when English is not my normal language. The best means for you to make sure that your essay will be original and authentic once you purchase research paper on the internet is to get it written by a specialist. Although essays and research papers can be an issue, term papers are way more complex than the majority of the academic assignments. The Unexpected Truth About People That Write Papers for You At times, there's an individual or a group of individuals who are prepared to help their fellow students out for a fee, naturally. Sometimes, they believe that they don't have to get help or assistance to create a top grade research paper. Although a lot of students need academic support, not all of these ask for it. Students from all over the world often find it hard to compose an academic paper, particularly when they are burdened with a variety of other additional activities like extra-curricular or part-time jobs. The Bizarre Secret of People That Write Papers for You One, we apply an extremely careful range of our writers. Our writers study the essay for deficiency of borrowing, in other words, plagiarism. They will do their best to satisfy all of your writing needs. If you're the writer who will get that A'', or the writer who's going to get published, or the writer who's going to use their writing to successfully sell an item, then you are aware that you're not done. Going to the gym is actually a lifestyle in their opinion. You are able to easily buy unique college essays and don't neglect to tell friends and family about it. While it's true that there are a few excellent writers in college some find it extremely difficult to write. Performing is similar to telling a joke. The Do's and Don'ts of People That Write Papers for You Writing custom papers is a complex job, especially if you do not have sufficient understanding about a specific topic you're assigned. Our custom writing service, on the flip side, has a wide selection of specialists that are already qualified in every specific topic there is to write about. Well, our premium high quality custom writing service is precisely what you are seeking. There are websites which provide such services. Our service performs tasks in virtually all disciplines! So, it's possible to easily locate a professional writing service by a very simple search on the web. Stay calm now, because you found the ideal service for global students around the world. The 30-Second Trick for People That Write Papers for You Even though the essay has a little amount and absolutely free structure, it is a full-fledged scientific work. If you would like to find high high quality research and thesis papers punctually and for a fair price, you should probably attempt using EssaySupply.com. The authors can offer such a service as a totally free purchase refinement. Your writer won't ever learn your name. After the initial five minutes within the interview, it was simple to realize that Lauren isn't reluctant to do what is proper for her which came up in another facet of her lifesoftball. When you're in front of different individuals, the very last thing that you want to do is feed their beliefs that you can't make it like a musician. From time to time, the situation becomes critical, and I don't have another choice than to look for somebody who will write my essay for me. The best thing which you are able to do is transform the things which hurt you into things that help you. The exact same thing goes for music. The Number One Question You Must Ask for People That Write Papers for You Some individuals are talented natural-born writers, but the majority of people cannot just grab a pen or a keyboard and do it. You'll find it's much simpler to reproduce a feeling than a particular blend of notes, yet the end result is the exact same. There's nothing bad and dangerous to become expert support on the web. Then take a minute to reflect on the feeling. The War Against People That Write Papers for You There are 6 typical worries which you can have. So now you can select the most beneficial for you! Students are interested in being effective in every situation, time plays a cruel fate.

Sunday, December 8, 2019

Examining Role New Technology In Pharmacy â€Myassignmenthelp.Com

Question: Discuss About The Examining Role New Technology In Pharmacy? Answer: Introduction Alphapahrm is an Australian generic drug manufacturing company. It manufactures variety of generic drugs and exports to them to around 50 countries. The parent company is Mylan Pharmaceuticals. Alphapharm focuses on customer relationship and is customer oriented. It offers personal attention and privacy to customers. It has one of the largest groups of independent pharmacies in the country. The report focuses on business process and strategic information system that can be employed in healthcare industry. Business process has inputs which are clearly defined and results in single output. Healthcare industry is process driven and customer oriented. Business requirements can be understood as critical activities of an organization which are necessary to perform to achieve objectives of the organization while remaining solution independent. In healthcare and pharmaceutical industry appropriate software and vendor are crucial. A reliable and valid software and vendor can assist in achieving organization goals. There are several ways in which a company can use utilize technology to improve business efficiency. Organizations in the healthcare can also employ technology to improve efficiency and productivity. Three techniques are discussed in the report. Use of technology in pharmaceuticals is referred to as pharmacy informatics. It involves development and use of information a nd communication technology (ICT) which can improve efficiency and productivity of business. When using technology there are certain security risks and threats as well as data breached. Safety and security of healthcare information has become a major concern of healthcare industry and the governments all over the world. There is a need for risk assessment to ensure integrity, confidentiality, availability and privacy of information Define business processes, Business process can be understood as system of linked tasks which start with manufacture of product and ends in delivery of product. They are the group of activities that are performed to achieve goals of the organization. Business process has inputs which are clearly defined and results in single output. Input factors directly or indirectly contribute to input value of the product or service. Input factors can be classified as operational processes, management processes and business process (supporting tasks) (Bisk, 2017). Business process management is scientific and systematic approach used by organizations to increase the effectiveness, efficiency and capabilities of adaptation of organization workflow. Earlier the use of Business Process Management system was restricted to a few domains. Over past few years, this system has increased its scope and is now being used by the healthcare industry. Business Process Management can assist healthcare organizations and companies to manage new needs and requirements in better way, improve quality of service provided to the patients and comply to rules and regulations of governing body. Healthcare industry is process driven, therefore, it can take advantage of information and data, respond effectively to new developments in the industry, decrease errors and improve and provide better services to patients. BPM may also help organizations to comply with regulations of federal and state governments. BPM can assist to structure the flow of information, peoples interaction and system as a whole. Another benefit of using BPM in healthcare industry is meeting the deadlines and earning incentive payments. Develop business requirements Business requirements can be understood as critical activities of an organization which are necessary to perform to achieve objectives of the organization while remaining solution independent. Business requirement document consists of details of business solutions for a project which includes documentation of needs and expectations of customers. Developing business requirement document is important for gaining agreement with stakeholders of organization (Jeston and Nelis, 2014) There are several ways in business processes can be used in healthcare industry. Business requirements of healthcare industry are discussed below. Business requirements of Alphapharm should focus on healthcare professionals, institution like hospitals clinics etc. and retailers. Basic business requirement includes documentation and licenses, branding and target market and software. all businesses require documents and license from government or government regulated body. This ensures that the company will follow guidelines laid down by the government. Documentation generally involves safety certificate issued by local governing body and certificate of registration. second business requirement is branding. Branding should focus on both brand positioning and brand awareness. Organization should clearly define their target market when planning and developing products. Third important requirement is appropriate technology and software. Appropriate technology and software help to increase productivity and business efficiency. Determine the systems requirements Business requirements are important for all organizations. Business requirements should be prepared in such a way that they help achieve organizational objectives. When determining the system requirements, several techniques can be used. Interviewing important stakeholders of the organization can give an insight about how certain requirement can impact organization. These stakeholders can belong to any department. While interviewing stakeholders, there should be a well-developed format and agenda. Another way is conduct focus group interviews. This is an important method for determining business requirements. Brainstorming meetings and discuss are also important for business requirements (Jttner, 2005). Software and vendor selection Software and vendor selection is crucial for any organization. A reliable and valid software and vendor can assist in achieving organization goals. For an organization, it is important to understand the effects and the consequences of software or service on the products. Organizations should understand that vendor plays an important role. While selecting a vendor in pharmaceutical company, four main areas should be focused: compliance, product quality, continuity of supply and customer service. The process of identification and remediation of risks associated with compliance, product quality, continuity of supply and customer service through supplier management lifecycle is referred as supplier qualification. There is an assurance that the product supplied by the vendor will not have any deficiencies. It also ensures that there are healthy relationships between the organization and vendor. The product supplied by the will meet the minimum quality standards. Another benefit is that th ere will be an overall decrease in costs of goods (Stephen Goundrey-Smith, 2017) There are strict guidelines for software and vendors. Vendor must strictly comply with the rules and regulations. Companies that build information and communication technology system for pharmaceutical company must be aware of the policies, rules and regulation laid down by the government. They are categorized as vendors responsibility. Pharmaceutical and healthcare organizations screen vendors based on their past experience and knowledge in areas such as qualification, validation and data safety. These areas play an important role in vendor selection. One main expectation of pharmaceutical companies is that vendor should comply to policies and rules at lowest cost that is possible. Validation is an important component for outsourcing services and software implementation. The system is required to meet certain specifications and intended use. Deviations can lead to impairment of safety and integrity of health, clinical and drug related information. This can result in poor decision making which can have negative impact on safety of consumer and patients. Pharmaceutical and healthcare organisations should collaborate with their vendors to achieve certain common goals. Determine at least three (3) ways which companies or organizations utilize such technologies to improve business efficiency There are several ways in which a company can use utilize technology to improve business efficiency. Organizations in the healthcare can also employ technology to improve efficiency and productivity. Investing on information technology can be beneficial for an organization. It can lead to greater system availability, better decision making, improved health outcomes and increased use by clinicians. As mentioned above, business requirements of Alphapharm focus on healthcare professionals, institution like hospitals clinics etc. and retailers. Technology can be used to achieve goals of the organization and hence improve efficiency and productivity. Use of information technology in pharmaceutical industry is known as pharmacy informatics. This field focuses on biomedical data, information and knowledge. This system focuses on ideal use of information related to drugs for decision making and problem solving. This system is important because it prevents medication errors, promotes personalized care, contributes to overall health of the community, and connects healthcare professionals. In pharmaceutical industry, it improves workflow, decrease manual labor, increases time efficiency and reduces documentation and paperwork One way of improving business efficiency by employing information technology is using a customer management industry. Healthcare industry is oriented towards people, that is, patients and healthcare professionals. Using a customer relationship management (CRM) system can help in improving efficiency. Customer relationship management system involves strategies, practices and technologies which can be used by organizations to analyses customer feedbacks and interactions. The customer interactions can be used to improve overall efficiency of the organization as well as improving customer relationship. Improved customer relationship can help in retention of customers. A CRM system uses different channels (website, live chat, telephone, direct mail, social media and marketing materials) to compile information on customers. By employing this system, Alphapharm can keep track of all the healthcare professionals and patients. This system records all the interaction organization has with the customers. It keeps a track of the products they have purchased, marketing material, feedback provided by customers etc. this system can help to improve customer service. This can also help in improving customer relation. Organization can develop specific products based on the needs, demands and feedbacks of the customers (Khodakarami, and Chan, 2014). Another way in which information technology can be employed in this industry is by barcode medicine identification. Barcode medicine identification is used in collaboration with electronic prescribing system (system which automatically prescribes the supplies and administer usage of medicines in hospitals). This system can help in reducing medicine administration errors. Every medicine and other medical products manufactured by company have a unique identification number or a barcode. This system has also helped in dealing with counterfeiting. This can improve pharmacy workflow to great extent (Business insider, 2017). Third way of employing information technology is by using Clinical Trial Management System (CTMS) software. This Clinical Trial Management System gives an insight about the data which is important for detecting and identifying problems, progress and possibilities. This is customizable software. it stores and manages information related to clinical trials done by biotechnological and pharmaceutical companies. it maintains data from research proposal to report generation. A very basic CTMS system can be used for preparing budget, managing patients, generating reports etc. By customizing this system, it can be used for more specific tasks. A benefit of using this system is that it helps in reducing cost and time required to develop a drug (Lodha, 2016). Evaluate the level of efficiency of the technology implementation Companies in healthcare and pharmaceutical industry have started using information technology for improving their services and business. Some of the methods such as customer relationship management, barcode medicine identification and clinical trial management system are discussed above. Use of technology in pharmaceuticals is referred to as pharmacy informatics. It involves development and use of information and communication technology (ICT) which can improve efficiency and productivity of business. There are several factors that are linked with successful and effective implementation of technology. First factor is technical. It involves system performance, usability, integration and interoperability, adaptability and flexibility, stability and reliability, accessibility and adaptability of hardware and cost effectiveness. Second factor is social. It involves resistance and workarounds, benefits/values and motivations, attitudes and concerns, expectations, engagement and user input in design, integration with existing work practices and training and support. Third factor is organizational. It involves planning, getting the organization ready for change, leadership and management, realistic expectations, teamwork and communication, user ownership and learning and evaluation. Fourth factor is socio-political. It includes policy, industry, professionals, other healthcare organizations, independent bodies, inter developments and wider economic environment. These factors collectively influence the use of information technology and level of effectiveness in the organizations. Several steps can be followed to evaluate the level of effectiveness of technology. Clarifying what the problem for which technology is designed and used. In many situations, technology is used on the basis of assumed benefits. This can lead to difficulties in conceptualizing the short term of long term transformation required by the organization. Second, build a consensus. Before employing a technology or software for business advancement, the management and the administration should have a consensus with respect to strategic vision. They can choose between whether to focus on streamlining and narrowing certain processes in the beginning and then expanding functionality. After the need for technology and software is discussed and established, the organizations should do a thorough and in depth research on different systems and software. This process is crucial and should not be rushed. Organizations in the healthcare industry should choose system which can help to achieve goals. The system should be affordable and cost effective also. It should be applicable in both organizational and clinical settings. Another consideration is proper planning. While formulating certain strategies, flexibility is needed. There should be an open communication channel between organization and users. Another step is developing a proper infrastructure. Inappropriate infrastructure can lead to increase in possibilities that system is not being used in correct way. It can lead to compromise in benefits and increase the risks associated with the system. It can influence attitude of the users. Poor infrastructure can result in negative attitude towards software system. Another step is maintaining the system. Maintenance of software and technology systems is undervalued and usually neglected. The software must be updated periodically. The capabilities of the existing technology or software change over time and it may no longer help organization achieve its goals. In such cases, softwar e system should be either updated or changed (Cresswell, Bates and Sheikh, 2013). Examine potential security risks, data breaches Use of technology and software in healthcare and pharmaceutical company has its own pros and cons. The benefits of using technology and software have already been discussed. When using technology there are certain security risks and threats as well as data breached. Safety and security of healthcare information has become a major concern of healthcare industry and the governments all over the world. With digitalization of data such as formulas of drugs raw material, patients records, etc. there is a threat of health information being stolen. Cyber security has become a priority for all healthcare organizations and companies. Some of the serious threats which are a result of use of technology are discussed below. Today, a lot information related to health and wellness process and programs are available on mobile phones. Healthcare professionals and institutions must be aware of the threats, hacking of health data and security breaches. Another threat to healthcare industry due to technology is insider misuse. Insiders misuse can be understood as situation wherein the employees or managers of the organization steal data or property and commit other crimes. Misuse of information is a common problem. Employees usually steal and sell information for money or to commit tax fraud. Sometimes unintentional actions can result in security risks and data breach. This can result from an underperforming security system or misplacement of data. This can also result when old software and systems are discarded without formatting or deleting data. Another threat is threat to supply chain. Every vendor or supplier has potential for data breach. Every transaction and interaction with vendor in supply chain must be carefully examined for security (Perakslis, 2014). Provide guidelines on how these risks could be mitigated. Some of the security risks of technology are discussed above. There is a need for risk assessment to ensure integrity, confidentiality, availability and privacy of information. Systematic assessment of risks and threats is important and should aim at protecting organization from security threats and data breach. These risks can be mitigated in several ways. They are discussed below. First, network access control (NAC). NAC solutions are a great way of keeping health data as secure as possible. It identifies its users and devices. It has an ability to scan device for threats. This system is useful in situations where large numbers of devices are interconnected. Information security continuous monitoring is a process which supports a companys risk management system. It gives an insight about threat and threat activities. It evaluates security impact of changes to the system, assesses all security control etc. Another way to reduce risk is by auditing all the devices used by employees and staff members. This can reduce the risk and prevent malicious use of information by an insider. Healthcare organizations should be vigilant and careful in their efforts to regulate and monitor data. Audits are an effective way of monitoring who has accessed what kind of information. To deal with insiders misuse, organizations should also have proper security and privacy policies to protect data. In situations where data is lost or there is a security breach due Quality control measures and protocols can ensure negative impact are low or negligible. When designing a system, privacy and security of data and information should be considered. There should be continuous monitoring and adherence or compliance with rules and regulation of governing body. This can avoid data breaches and therefore maintain information security (Thomson, 2013) Conclusion Business process can be understood as system of linked tasks which start with manufacture of product and ends in delivery of product. They are the group of activities that are performed to achieve goals of the organization. There are several ways in business processes can be used in healthcare industry. Business requirements of healthcare industry are discussed in the report. When determining business requirements, several techniques such as interviewing important stakeholders, brainstorming, focus group interviews etc. can be employed. Software and vendor selection is crucial for any organization. While selecting a vendor in pharmaceutical company, four main areas should be focused: compliance, product quality, continuity of supply and customer service. The process of identification and remediation of risks associated with compliance, product quality, continuity of supply and customer service through supplier management lifecycle is referred as supplier qualification. There are several ways in which a company can use utilize technology to improve business efficiency. Use of information technology in pharmaceutical industry is known as pharmacy informatics. One way of improving business efficiency by employing information technology is using a customer management industry. Healthcare industry is oriented towards people, that is, patients and healthcare professionals. Using a customer relationship management (CRM) system can help in improving efficiency. Another way in which information technology can be employed in this industry is by barcode medicine identification. Third way of employing information technology is by using Clinical Trial Management System (CTMS) software. this Clinical Trial Management System gives an insight about the data which is important for detecting and identifying problems, progress and possibilities. Use of technology and software in healthcare and pharmaceutical company has its own pros and cons. References Bisk (2017) 3 Big Ways BPM is Being Used in the Healthcare Industry. [ONLINE]. Available at: https://www.villanovau.com/resources/bpm/bpm-use-healthcare/#.Wb3zBdHhXIV (Accessed: 16 September 2017). Business insider (2017) 3 ways technology can improve your business. [ONLINE]. Available at: https://www.businessinsider.in/3-ways-technology-can-improve-your-business/articleshow/49246960.cms (Accessed: 16 September 2017). Cresswell, K.M., Bates, D.W. and Sheikh, A. (2013) Ten key considerations for the successful implementation and adoption of large-scale health information technology, Journal of the American Medical Informatics Association, 20(e1), pp.e9-e13. Jeston, J. and Nelis, J. (2014) Business process management. UK: Routledge. Jttner, U. (2005) Supply chain risk management: Understanding the business requirements from a practitioner perspective, The International Journal of Logistics Management, 16(1), pp.120-141. Khodakarami, F. and Chan, Y.E. (2014) Exploring the role of customer relationship management (CRM) systems in customer knowledge creation, Information Management, 51(1), pp.27-42. Lodha, A. (2016) Clinical AnalyticsTransforming Clinical Development through Big Data, Imperial Journal of Interdisciplinary Research, 2(10). Perakslis, E.D. (2014) Cybersecurity in health care, The New England journal of medicine, 371(5), p.395. Stephen Goundrey-Smith (2017) Examining the role of new technology in pharmacy: now and in the future. [ONLINE]. Available at: https://www.pharmaceutical-journal.com/examining-the-role-of-new-technology-in-pharmacy-now-and-in-the-future/11134174.article (Accessed: 16 September 2017) Thomson, L.L. (2013) Health Care Data Breaches and Information Security, In American Bar Association, pp. 253-267.

Sunday, December 1, 2019

Walt Disney Yen Financing Essay Example For Students

Walt Disney Yen Financing Essay 1. Should Disney hedge its yen royalty cash flow? Why or why not? If so, how much should be hedged and over what time period? Yes, Walt Disney Company should hedge its royalty cash flow to protect against currency fluctuations. The company has revenues in Yen and does not have expenses in Yen. Thus it would be converting the Yen to Dollar and so is exposed to foreign exchange risk. The value of Yen has declined recently and it is difficult to forecast what the value could be in the future. Also currency speculation should be left to speculators and Disney should not play on the exchange rate. It would be wise to reduce the risk due to changes in exchange rate. The royalty receipts form a significant part of the pre tax income of Disney and any adverse movement would impact the financial position of Disney. The maximum amount and the period should be the Yen royalties that accrue to Disney. At the moment the amount is Yen 8 billion. The royalties are expected to grow for all times in the future and so the hedging should be for the maximum maturity available which is 10 years. We will write a custom essay on Walt Disney Yen Financing specifically for you for only $16.38 $13.9/page Order now At the minimum, Disney may Disney may want to take enough money so as to reduce the debt to capitalization ratio back to 20% which now stands at 32%. The expected yen revenue stream of more than ? 8 billion every year would create 2. Assuming a hedge is desirable what hedging techniques available to the treasurer? What are the advantages and disadvantages of each? The various hedging techniques available and the advantages and disadvantages are : 1. Currency Options – In this Disney could buy dollar yen options allowing Disney the right to buy dollars against yen at a predetermine rate or could sell Put options allowing Disney to sell yen for dollars at a predetermined rate. The advantages of options are †¢ It gives the right but not the obligation. If the Option is out of the money it need not be exercised. †¢ Options have an unlimited upside but limited downside so will help Disney benefit from favorable rate movement. †¢ Options can be taken for high amounts using small margin money The disadvantages are †¢ The time period for which options are available is till 2 years only. Beyond 2 years the market is not liquid †¢ Options require payment of upfront premium and so there will be a cash outflow 2. Forward Contracts – In this Disney could take a forward contract through a bank and sell the Yen forward for US Dollars at a rate that is fixed now. The advantages are †¢ Forward contracts can be tailored to the needs and requirements of Disney †¢ Longer term contracts are available and Disney could hedge up to 10 years †¢ The forward contracts can be cancelled and so provide some flexibility in the future years The disadvantages are The rate is locked at the time of contract and so there is so upside benefit †¢ The forward contracts need to be honored at maturity and so Disney has to settle it †¢ As mentioned in the case, the forward contracts would be against the overall exposure to Disney and so would tie up lines of credit †¢ Forward contracts are exposed to default risks of the counterparty 3. Futures – Futu res are standardized contracts which are traded on the exchanges. That is the only difference between forward contracts and futures. Disney could buy or sell contracts on the futures exchange and hedge its exposure. .u4487911d3a3d81041ba6179125c97f84 , .u4487911d3a3d81041ba6179125c97f84 .postImageUrl , .u4487911d3a3d81041ba6179125c97f84 .centered-text-area { min-height: 80px; position: relative; } .u4487911d3a3d81041ba6179125c97f84 , .u4487911d3a3d81041ba6179125c97f84:hover , .u4487911d3a3d81041ba6179125c97f84:visited , .u4487911d3a3d81041ba6179125c97f84:active { border:0!important; } .u4487911d3a3d81041ba6179125c97f84 .clearfix:after { content: ""; display: table; clear: both; } .u4487911d3a3d81041ba6179125c97f84 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u4487911d3a3d81041ba6179125c97f84:active , .u4487911d3a3d81041ba6179125c97f84:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u4487911d3a3d81041ba6179125c97f84 .centered-text-area { width: 100%; position: relative ; } .u4487911d3a3d81041ba6179125c97f84 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u4487911d3a3d81041ba6179125c97f84 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u4487911d3a3d81041ba6179125c97f84 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u4487911d3a3d81041ba6179125c97f84:hover .ctaButton { background-color: #34495E!important; } .u4487911d3a3d81041ba6179125c97f84 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u4487911d3a3d81041ba6179125c97f84 .u4487911d3a3d81041ba6179125c97f84-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u4487911d3a3d81041ba6179125c97f84:after { content: ""; display: block; clear: both; } READ: Myth Or Science? EssayThe advantages are : †¢ They are liquid as they are traded on the exchange †¢ Using futures would not tie up the lines of credit with the banks †¢ There is not much default risk as the futures are market to market daily. The disadvantages are †¢ As these are standardized, they cannot be customized to the requirements †¢ Require a margin deposit †¢ The futures contracts are available for shorter periods only 4. Swaps – Disney could swap its exposure in Yen with Dollars so that its inflow is in Dollars and it pays Yen The advantages are †¢ Swaps are off balance sheet financing with only disclosure in notes. Thus the balance sheet looks better †¢ The two parties to Swap could customize the terms to their requirements †¢ Swap enables parties to access capital markets which they may not able to do directly The disadvantages are †¢ High fees to be paid to the intermediaries †¢ It is difficult to get counterparties with a perfect hedge 4. Yen 15 billion 10 year bullet loan The advantages are †¢ The time period would be 10 years †¢ The interest rate would be the Japanese prime rate The disadvantages are †¢ Since it is a bullet loan it does not help in hedging the year on year income †¢ Requires lump sum payment on maturity It is more expensive than the SWAP transaction †¢ Has upfront fees Other hedging methods such as issuing longer maturity Eurodollar note was not feasible because of the Disney’s temporarily high debt ratio. Also, Euroyen bonds are not an option because Disney was not eligible to issue them under Japanese regulations. 3. In light of the various other techniques for hedging currency exposures why the market for currency swap does exists? Who benefits and who looses in such an agreement? Can a swap really create value for a corporation? And if so where does the value come from? What risks does the swap carry for the various parties involved? The market for swap exists since it allows parties to access market which they might not be able to do directly. Also swaps are customizable between parties and so are more flexible. The duration of swaps could be the duration of the exposure. These advantages have led to the creation of the swap market. Swaps also help in broadening the investor base. Companies could raise money in different currencies and then use a swap to get back to their home currency. Swap also helps in lowering the overall cost of borrowing as also enable firms to change their payment stream to either fixed or floating. When the swap is initiated for the first time, it creates value since only if value is created will the parties agree for a swap. The value comes for the differing credit ratings of the firms. In interest rate swaps, two firms come together to swap their interest obligations and each mat find that it is paying a lower rate than before. The risks that the swaps carry is the changes in the market after the swap has taken place. In case of an fixed for floating swap, if the floating rate rise then the firm will have to pay more. Or in the case of currency swap, if the exchange rate movement is adverse, then there could be a loss. There is also a default risk since the agreement is between two parties. The swaps are not liquid and once entered may be difficult to come out of. 4. Evaluate Goldman’s proposal for an ECU bond issue accompanied by an ECU/yen swap. How does its â€Å"all-in† yen cost compare to that of the proposed yen term loan? Is it superior to hedging using outright forwards? (Note: â€Å"all-in† cost generally refers to that discount rate which equates the present discounted value of the future debt service payments with the financing proceeds less front-end fees , expressed as an annual rate). The calculations are in the excel file ( we use the IRR function to calculate the internal rate of return. The cash flow details are from the exhibits) . We get the following costs 1. 10 years ECU Eurobond Issue – YTM is 9. 46% 2. SWAP ECU/Yen – YTM is 6. 89% 3. Yen 10 year Loan – YTM is 7. 61% The ECU/Yen swap is the cheapest, though it does not include fees, bu t it may still be the cheapest. In the outright forwards market we find that the Yen is appreciating. .u57f1008682167b4f2b0f9ad585cb0c74 , .u57f1008682167b4f2b0f9ad585cb0c74 .postImageUrl , .u57f1008682167b4f2b0f9ad585cb0c74 .centered-text-area { min-height: 80px; position: relative; } .u57f1008682167b4f2b0f9ad585cb0c74 , .u57f1008682167b4f2b0f9ad585cb0c74:hover , .u57f1008682167b4f2b0f9ad585cb0c74:visited , .u57f1008682167b4f2b0f9ad585cb0c74:active { border:0!important; } .u57f1008682167b4f2b0f9ad585cb0c74 .clearfix:after { content: ""; display: table; clear: both; } .u57f1008682167b4f2b0f9ad585cb0c74 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u57f1008682167b4f2b0f9ad585cb0c74:active , .u57f1008682167b4f2b0f9ad585cb0c74:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u57f1008682167b4f2b0f9ad585cb0c74 .centered-text-area { width: 100%; position: relative ; } .u57f1008682167b4f2b0f9ad585cb0c74 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u57f1008682167b4f2b0f9ad585cb0c74 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u57f1008682167b4f2b0f9ad585cb0c74 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u57f1008682167b4f2b0f9ad585cb0c74:hover .ctaButton { background-color: #34495E!important; } .u57f1008682167b4f2b0f9ad585cb0c74 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u57f1008682167b4f2b0f9ad585cb0c74 .u57f1008682167b4f2b0f9ad585cb0c74-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u57f1008682167b4f2b0f9ad585cb0c74:after { content: ""; display: block; clear: both; } READ: Ten Year War Cuba EssayThis is obviously a better choice since this would mean that Disney would get more dollars. An exercise has been done, where the Yen payments made by Disney are converted to USD at the forward rates. Using the same discounting rate as the cost of Swap, the PV of the Yen payments in USD comes to $69. 27 million. This is higher than the present value of the amount that Disney gets from IBJ which is $58. 23 million. Also the Swap does not cover the entire exposure of Disney in Yen. Therefore if it is possible than outright forward hedge is better than other alternatives

Tuesday, November 26, 2019

Anaximander Essays - Ancient Greek Philosophers, Natural Philosophy

Anaximander Essays - Ancient Greek Philosophers, Natural Philosophy Anaximander Anaximander About 530 AD the Neoplatonist Simplicius wrote an extensive commentary on Aristotle's Physics. In it he reproduced the Anaximander fragment, thus preserving it for the western world. He copied it from Theophrastus. From the time Anaximander pronounced his sayingwe do not know where or when or to whomto the moment Simplicius jotted it down in his commentary more than a millennium elapsed. Between the time of Simplicius' jotting and the present moment lies another millennium-and-a-half. Can the Anaximander fragment, from a historical and chronological distance of two thousand five hundred years, still say something to us? (Heidegger 16) Anaximander, it is widely believed, was responsible for constructing one of philosophy's first complete sentences and, coincidentally, one of the early world's most profound thoughts. The man was reportedly born, the son of Praxiades, in the seaport of Miletus in 610 B.C. He spent his life philosophizing on the Greek island of Samos until his death in 547 BC. Beyond this, little else is known about his life, except that he was a pupil of the forerunning philosopher Thales. The vast majority of Anaximader's thoughts were lost long ago; in fact, all that remains is a single fragment to tell us of his theories and thought processes. However, the fragment that remains is vast in scope and of incredible magnitude. This remaining utterance, which deals with the essence and substance of being, the origin of life, and life's cycle to death, all but forces one to believe that, with Anaximander's life, there was a marked turn in the course of human existence. A distinction was made that separated humans, most remarkably, from the other inhabitants of Earth. The fragment marked the end of exclusively introvertial human thought. This is to say that man was able to cease his focus on simple survival, and begin wondering about the universe, about how things come into being and the grand cycle of life and man's place in that cycle. Of all the people who have pondered these questions, Anaximander's answers are surely among the most boundless, and therefore the most thought provoking themselves. His is a theory of everything great from something vast but simple, of a great unlimited infinite and the tremendous flux of this said infinite, which he called the Apeiron. To better understand this theory, we must analyse the fragment, both literally and figuratively, and try and see if we may discover something about which we ourselves may philosophize; we must try and see whether the words of Anaximander still say something to us. The Fragment, as translated by Nietzsche, reads as such: Whence things have their origin, there they must also pass away according to necessity; for they must pay penalty and be judged for their injustice, according to the ordinance of time. (Heidegger 13) Most literally translated by the German Martin Heidegger, the same fragment is presented as follows: But that from which things arise also gives rise to their passing away, according to what is necessary; for things render justice and pay penalty to one another for their injustice, according to the ordinance of time. (Heidegger's Greek) As we can see, the two are nearly indistinguishable. However, for the purposes of this paper, we will be examining Heidegger's translation; the reason for this distinction is so that we may circumvent any ambiguity and see clearly Anaximander's main points. Clearly, this passage tells of the growth and decay of all things in the universe. Not only that however; Anaximander's terms justice, penalty, and retribution seem to show that he was also concerned with natural laws; he is trying to tell why things flower and fall. It seems to this writer as though Anaximander is attempting, in a way new to humans at the time the fragment was written, to apply the strict rules of sciences to natural systems. He is denying any and all demarcation between the lines of thought and disciplines! It is most definitely fascinating that the man could think so broadly on one topic, and show the continuity among all aspects of human life and knowledge. Let us now look upon the mention of time in the fragment. Anaximander here is very poetic; personifying time, giving it character. He tells us that time has firmly established laws to deal with the processes of everything.

Friday, November 22, 2019

The 12 Days of Christmas in Spanish

The 12 Days of Christmas in Spanish Here are Spanish lyrics for The 12 Days of Christmas, a carol that has been sung in the English-speaking world since at least the 16th century. Los 12 das de Navidad El primer dà ­a de Navidad, mi amor me mandà ³una perdiz picando peras del peral. El segundo dà ­a de Navidad, mi amor me mandà ³dos tortolitas y una perdiz picando peras del peral. El tercer dà ­a de Navidad, mi amor me mandà ³tres gallinitas, dos tortolitas y una perdiz picando peras del peral. El cuarto dà ­a de Navidad, mi amor me mandà ³cuatro pajaritos, tres gallinitas, dos tortolitas y una perdiz picando peras del peral. El quinto dà ­a de Navidad, mi amor me mandà ³cinco anillos dorados, cuatro pajaritos, tres gallinitas, dos tortolitas y una perdiz picando peras del peral. El sexto dà ­a de Navidad, mi amor me mandà ³seis mam gansas, cinco anillos dorados, cuatro pajaritos, tres gallinitas, dos tortolitas y una perdiz picando peras del peral. El sà ©ptimo dà ­a de Navidad, mi amor me mandà ³siete cisnitos, seis mam gansas, cinco anillos dorados, cuatro pajaritos, tres gallinitas, dos tortolitas y una perdiz picando peras del peral. El octavo dà ­a de Navidad, mi amor me mandà ³ocho lecheritas, siete cisnitos, seis mam gansas, cinco anillos dorados, cuatro pajaritos, tres gallinitas, dos tortolitas y una perdiz picando peras del peral. El noveno dà ­a de Navidad, mi amor me mandà ³nueve bailarinas, ocho lecheritas, siete cisnitos, seis mam gansas, cinco anillos dorados, cuatro pajaritos, tres gallinitas, dos tortolitas y una perdiz picando peras del peral. El dà ©cimo dà ­a de Navidad, mi amor me mandà ³diez seà ±ores saltando, nueve bailarinas, ocho lecheritas, siete cisnitos, seis mam gansas, cinco anillos dorados, cuatro pajaritos, tres gallinitas, dos tortolitas y una perdiz picando peras del peral. El undà ©cimo dà ­a de Navidad, mi amor me mandà ³once gaiteritos, diez seà ±ores saltando, nueve bailarinas, ocho lecheritas, siete cisnitos, seis mam gansas, cinco anillos dorados, cuatro pajaritos, tres gallinitas, dos tortolitas y una perdiz picando peras del peral. El duodà ©cimo dà ­a de Navidad, mi amor me mandà ³doce tamborileros, once gaiteritos, diez seà ±ores saltando, nueve bailarinas, ocho lecheritas, siete cisnitos, seis mam gansas, cinco anillos dorados, cuatro pajaritos, tres gallinitas, dos tortolitas y una perdiz picando peras del peral. Grammar and Vocabulary Notes Primer, segundo, tercer, etc.:  These are the words for  first, second, third, etc.  Primer  is a  shortened form  of  primero, and  tercer  is a shortened form of  tercero. They are shortened in this manner when appearing before a singular masculine noun. The forms used here for 11th and 12th are not common in spoken in Spanish. Dà ­a:  Dà ­a, meaning day, is an  exception  to the rule that nouns ending in  -a  are masculine. Navidad: This word can refer not only to Christmas Day but also to the season in general. Amor:  This is the word for love. It can refer not only to the emotion, but also to a person such as a sweetheart. It is related to the verb  amar. The noun  remains masculine even when it refers to a girl or woman. Mandà ³:  Mandà ³Ã‚  is a past-tense form of  mandar, which most often means to mandate or to order, but in this case means to send. Perdiz:  A partridge or ptarmigan. Picando:  This is  present participle  of  picar, which can mean to bite or to peck at. So a literal translation of this line would be a partridge pecking at pears of the pear tree. Note that here  the present participle functions as an adjective. In standard Spanish, the present participle acts as an adverb, but adjectival use such as this is sometimes used in poetry, journalistic writing, and translations from English. Pera, peral:  Pear, pear tree. The  suffix  -al  often refers to a tree or grove of trees. For example, an orange is a  naranja, while an orange grove is a  naranjal. Tortolita:  A name for numerous types of doves and related birds. Tortolita is a diminutive form of tà ³rtola, which can also refer to a turtledove. Diminutives such as this, while common in childrens music and literature, are not used extensively in serious contexts. Gallinita:  A  diminutive  form of  gallina, meaning hen.  Ã‚  A rooster is a  gallo. Pajarito:  A  diminutive  form of  pjaro, meaning bird. This could be translated as birdie. Anillo:  A ring. Dorado:  Golden. The word comes from ​dorar.  a verb that means to coat something with gold or to turn something brown. The word for gold is oro. Mam gansas:  About the only place youll find this phrase in Spanish is in this song - it means mother geese, but you normally wouldnt say it this way (one way would be  gansas madre).  Mam Gansa  and  Mam Ganso, however, are common ways of translating Mother Goose. Cisnito:  A  diminutive  form of  cisne, swan. Lecherita:  A  lechera  is a female who works with milk, usually someone who sells milk, but in context it could be one who milks cows.  Lecherita  is a  diminutive  form. Bailarina:  A female dancer, frequently referring to a ballet dancer. It is derived from bailar, the verb meaning to dance. Seà ±or:  Although this word is often used nowadays as a courtesy title translated as Mr., it can also refer to a lord.   Saltando:  The  present participle  of  saltar, to jump. Gaiterito:  A  diminutive  form of  gaitero, a piper. The related word gaita can refer to instruments such as flutes and bagpipes. Tamborilero:  A drummer. The related words tambor and tambora can also be used to refer to drums and drummers.

Thursday, November 21, 2019

Entrepreneurship Assignment Example | Topics and Well Written Essays - 750 words

Entrepreneurship - Assignment Example 2. Business idea. To put up a company to be engaged in providing health care services, sell health beauty products and provide therapeutic relaxation thru the establishment of a Turkish bath, sauna and spa in UK. 3. Business name and Business structure. Business name and structure will have to be registered with proper authorities before it could start operations. A big fine and penalty will be slapped to owner for failure to register. Tentative name of MT Wellness will be registered for availability of trade name. If no one uses the name, then it will be registered and nobody can use that name while it is in operation. If necessary, a trade mark can be registered. Business should be registered in the locality where business will operate and another registration is needed if it will have a branch in other state. 4. Finance structure. Capital is required in starting a business and this could come from borrowing, bank loans, financing from friends and family, commercial mortgages and money coming from the owner. A study should be done to come up with an appropriate loan package for the business proposal. 5. Management. The business calls for hiring qualified people to help owner run the company. There are several processes required in selection and hiring of employees. Owner should have a right mix of people qualified for employment in the business. Owner needs to determine the following: Company will keep products on top of the line and look for new and innovative products and services to satisfy customers, first by keeping subscription on trade magazine for trends both local and abroad. Look for new inventions that can be used by the company. 9.2 Advertising. On line selling and marketing is one way of advertising the products and services of the company. Company should get help of advertising experts for the design to make it attractive. 9.4 Pricing. There is a need to come up with the correct strategy of

Tuesday, November 19, 2019

The Production of M. Butterfly and the Reflection of Culture Essay - 1

The Production of M. Butterfly and the Reflection of Culture - Essay Example Criticisms towards M. butterfly range from arguments or debates over an illustration of sexualities and ethnicity, Orientalism politics, theatre to performance theories. As such, this essay explores and analyzes the production of M. Butterfly and ways through which the play manifests Asian scenic designs, tales, costume designs, movements, and sounds to the whole world. The play incorporates various Asian elements. For instance, the stage design has a hanamichi, the actors wear Japanese traditional clothes and the storyline depicts the notion of an Asian woman who is slender, beautiful and submissive. Additionally, M Butterfly employs the element of cross-dressing which is a Chinese characteristic commonly used by Beijing opera actors. All these elements in the play represent Asia. Madama Butterfly by Giacomo Puccini inspired David Hwang into writing the M. Butterfly play. Hwang based his play on a true story. Renne Gallimard, the protagonist works as a civil servant in the French Embassy in China. The protagonist falls in love with Song Liling, the Chinese opera diva while in the process of watching Madama Butterfly. They immediately establish a love relationship that proceeds to last more than two decades. The end of the love passion comes when authorities sentence Gallimard of treason with subsequent imprisonment. To his surprise, the protagonist discovers that the purported lover was a man and a government investigator. Gallimard commits suicide for failing to accept the truth. The play by Hwang has three acts. Act 1 has thirteen scenes whereas Act 2 has seven and three scenes in the last Act. M. Butterfly presents a fictionalized story of a French diplomat who was in a relationship with an Asian, specifically Chinese singer for more than twenty years without actually knowing that his beautiful obedient and submissive lover was actually a male. Gallimard views himself as being clumsy when it comes to love. However, he considers himself  blessed since he has a devoted beautiful and exotic woman (Liling Song).  

Saturday, November 16, 2019

The Family That Walks on All Fours Essay Example for Free

The Family That Walks on All Fours Essay In The Family that Walks on All Fours, a documentary by PBS NOVA, a genetic anomaly was discovered in a remote location in Turkey. A family of twenty-one, two parents and nineteen children, six of the children were born quadrupedal. The diagnosis was a debate between reverse evolution and a mental deficiency in the cerebellum; both of which deal with genetics. However, it was not debatable that many key factors such as inbreeding amongst close relatives, isolation, the nature of the genes involved, and the role of environment and culture on the expression of the gene. Inbreeding amongst many species is common and not usually deleterious, but with the complexity of the human genome increases the chance of mutations. The reason inbreeding is common amongst many animals is because of assortative mating, which is a reproductive isolating mechanism in which a mate is chosen based upon certain specifications deemed valuable to the species. This is also a form of pre-zygotic selection. In the case of the family observed the parents were found to be first cousins, which is unusual for members of our species to mate when that closely related. One of the potential reasons for why this inbreeding could have happened is the geographical isolation. The community is in essence allopatric to the neighboring towns since that sort of travel is unfeasible to their lifestyle. It is unlikely that this family is a â€Å"genetic throwback† or a â€Å"missing link† and it was almost offensive to the family to act as if they were in reverse evolution, especially with the culture of the surrounding community. Throwing around labels like these are not helpful to a family in need of help of medical assistance so they are not seen as demons or monsters. However, this family could provide critical information about mobility in regards to the genome. MRI scans suggested that the brothers and sisters have a form of cerebellar ataxia. The condition affects the brains cerebellum, which is located at the top of the neck and is associated with balance and muscle coordination. Since it has been discovered, according to the video, that there is a basic set of â€Å"blueprints† odds are there is a gene for cerebral development. If the gene associated with cerebral development could be located it could not only help this family but many others with diffe rent cerebral defects as well. Due to the culture, the oldest brother taught himself to walk upright. With assistance and physical therapy majority of the affected siblings have been able to begin to walk upright. Some conclusions that can be drawn would be that this quadrupedalism is a recessive since only five out of nineteen children are affected. It cannot be sex linked for many reasons, one of which being that three daughters and two sons were affected. It is possible by definition that it could be a lethal allele in the aspect that there was a miscarriage and it clearly interferes with essential genes, but it probably is not. Hopefully continued research can lead to further insight into what genes are involved with this condition and more knowledge about cerebral development, motor function, and evolution.

Thursday, November 14, 2019

Terrorism and Technology :: September 11 Essays 9/11

Terrorism and Technology It wasn’t until the morning of September 11th that America began to question just how safe we really are. As the world watched the devastation on the news, everyone was looking for comfort. However, often times when something as horrific as this happens, the ones you look to for comfort are looking back at you for comfort. Many people found what piece of mind they could, through technology during this horrible time. The September 11th terrorist attacks have had both positive and negative impacts on the use of computers and technology. It is hard for many to believe that good things can come from bad situations. In this case it took a terrorist attack to make us realize that there is room for improvement in the quality of our technology that we rely so much on today. On September 11, 2001 so many people tried to log onto the internet to get information about the terrorist attacks, that there was a huge jam. No one could get online. Modern technology, televisions, radios and scanners rescued our curious minds. Most everyone found himself or herself glued to the television, watching the gruesome scenes over and over again, after the computers had failed us. Computers were not the only devices that let us down on that tragic day. In New York cell phone connections even went out. Too many people were trying to use their cell phones at once, that there was an overload, making it extremely difficult for anyone to get through the lines. Another technological advance that we entrust our safety to, that failed us was airport security system. Those men managed to get past out high tech security systems and onto those planes. Thousands of innocent people lost their lives because some men out smarted out fool proof system. The creators of airport security must have been unfamiliar with the saying, "where there’s a will, there’s a way". No one wants to admit to himself or herself, or anyone else for that matter, that sick people who thrive on pain and suffering, really do exist. Because airport security creators didn’t think about this fact, or they thought about it and chose to ignore it, innocent people lost their lives. This horrible act of terrorism has opened the doors to many necessary changes. Terrorism and Technology :: September 11 Essays 9/11 Terrorism and Technology It wasn’t until the morning of September 11th that America began to question just how safe we really are. As the world watched the devastation on the news, everyone was looking for comfort. However, often times when something as horrific as this happens, the ones you look to for comfort are looking back at you for comfort. Many people found what piece of mind they could, through technology during this horrible time. The September 11th terrorist attacks have had both positive and negative impacts on the use of computers and technology. It is hard for many to believe that good things can come from bad situations. In this case it took a terrorist attack to make us realize that there is room for improvement in the quality of our technology that we rely so much on today. On September 11, 2001 so many people tried to log onto the internet to get information about the terrorist attacks, that there was a huge jam. No one could get online. Modern technology, televisions, radios and scanners rescued our curious minds. Most everyone found himself or herself glued to the television, watching the gruesome scenes over and over again, after the computers had failed us. Computers were not the only devices that let us down on that tragic day. In New York cell phone connections even went out. Too many people were trying to use their cell phones at once, that there was an overload, making it extremely difficult for anyone to get through the lines. Another technological advance that we entrust our safety to, that failed us was airport security system. Those men managed to get past out high tech security systems and onto those planes. Thousands of innocent people lost their lives because some men out smarted out fool proof system. The creators of airport security must have been unfamiliar with the saying, "where there’s a will, there’s a way". No one wants to admit to himself or herself, or anyone else for that matter, that sick people who thrive on pain and suffering, really do exist. Because airport security creators didn’t think about this fact, or they thought about it and chose to ignore it, innocent people lost their lives. This horrible act of terrorism has opened the doors to many necessary changes.

Tuesday, November 12, 2019

Handling Aggression Through Positive Communication Essay

Five  year-old James is very busy working at the art easel on a special picture for his Mothers birthday. Jenny has been waiting her turn at the art easel. When she becomes frustrated because James is not leaving the easel, she grabs his painting from the easel and tears it apart. James screams for the teacher then pushes Jenny to the floor and yells at her. The teacher then should intervene and confront Jenny about her inability to control herself. The teacher should say â€Å"Jenny, I did not like you pushing James like that. That’s wrong!† When aggressive behavior is exhibited by children, teachers should keep in mind that it is children’s behavior that should be confronted, not the children themselves. Teachers should have a calm body language and should show serious, but not glowering, facial expressions. Through this demeanor, teachers communicate their feelings about a behavior while avoiding attacks on the children’s characters. The teacher should explain to Jenny that if she did not like waiting for James to finish, she should have told him to hurry up because she is waiting for her turn. The teacher should also talk to James about sharing and being sensitive of other children when using communal things in the classroom. The teacher should then ask Jenny and James about what they should say to each other. By letting children realize their mistakes and letting them resolve their own conflicts, children learn to be self-reliant when teachers help them to solve their own problems. As teachers, we should learn that aggression in children is not an emotion but rather the expression of one. It is the action an individual commonly takes as a result of anger or frustration. Young children who have not learned to control their anger often resort to aggressive behavior. Children who have been neglected or treated harshly sometimes use aggression to strike out at the world around them. Other children with highly permissive parents may have learned certain aggressive acts to get their own way—hitting and name-calling, for instance. In controlling aggressive behavior in children, Haim Ginott’s (1972) humanistic model of behavior management can be helpful because it represents a low-control perspective of behavior management in which teachers respect, protect, and promote young children’s emerging self-concept. It is believed that low teacher control models emphasize the role of teacher as a communicator and supporter of children’s natural strengths. Rather than taking the lead, teachers follow the lead of children. Teachers who follow this perspective serve as reflective mirrors of children’s feelings and behaviors, listening to children’s concerns, inquiring as to their interests, and reflecting back the feelings that children express. In this sense, Ginott’s behavior management practices represent the most pure form of a child-centered classroom. The importance of supportive teacher-child interactions is reflected in Ginott’s â€Å"cardinal principle†: At their best, teachers address themselves to the child’s situation. At their worst, they judge his character and personality. This, in essence, is the difference between effective and ineffective communication (Ginott 1972, p. 70). In above statement, Ginott is advising teachers to address themselves to children’s behavior while protecting children’s self-worth. Ginott’s focus on communication is of particular importance in that it reflects his belief in the need to guide children’s exploration and expression of self through dialogue: â€Å"Emotional education† is thus achieved when teachers communicate their unwavering support and acceptance of children, while at the same time helping children to understand their own feelings. Although it is not easy to adapt Ginott’s communication practices, it is one a model that adheres to positive communication in children. However, some teachers may feel that they lack the time and energy to become skilled in the use in Ginott’s model. It may help you to know that, as students, we too felt uncomfortable at first when implementing Ginott’s practices. However, it is assured that with a little practice, these communication techniques will quickly become a valued part of your behavior management plan. Just remember that â€Å"practice makes perfect† and that the long-term goal of preparing children for life in a democratic society is not an easy task. It requires time and energy. And as teachers, it is our role to guide them to learn how to control their actions and help them verbalize what they feel to avoid aggression. References Ginott, H. (1972). Teacher and Child: A Book for Parents and Teachers. New York: Avon

Saturday, November 9, 2019

Human and Monster Help People

In the Frankenstein, there are six characters that die in the novel. What is the fundamental cause of their death? Who is the real killer? One may argue that this question is meaningless because it is obvious that the nameless monster kills almost every character except victor’s mother, who died naturally. However, the real killer should not be just the one who kills people by his hand, but the one who causes the death of so many innocent people, fundamentally. In the novel, initially, the nameless creature is a really benevolent creature, but, with time went by, people’s discrimination gradually changed him to devil, who determined to revenge his creator by killing his beloved. Therefore, discrimination is the real killer. First, examining how the six characters died may lead to insight for the questions on hand. Caroline Beaufort, Victor’s mother, dies of scarlet fever. William Frankenstein, Victor’s youngest brother, is strangled by monster in the woods outside Geneva. Justine Moritz, a young girl adopted into the Frankenstein household, is executed for William’s murder. Henry Clerval, victor’s boyhood friend and Elizabeth Lavenza, victor’s the wife, are strangled by the monster too. Alphonse Frankenstein, Victor’s father, is overcome with grief over the deaths of his close family members. The monster is, directly or indirectly, involved every time character dies except victor’s mother’s death. But why does he do this? Is that because of his nature? No. The monster is virtuous at the beginning. The whole village was roused; some fled, some attacked me, until, grievously bruised by stones and many other kinds of missile weapons, I escaped to the open village, and fearfully took refuge in a low hovel, quiet bare, and making a wretched appearance. † (73) I found the monster’s reaction to people’s sudden attack is not him fighting back or an act of revenge, which is the normal response of ki ller or any other evil creature, but escape. â€Å"I lay on my straw, but I could not sleep. I thought of the occurrences of the day. What chiefly struck me was the gentle manners of these people; and I long to join them, but dare not†. The monster wants to merge into a warm family instead of trying to hurt them. It means he also really wants to be loved and love others. The above quotes suggest that the monster’s nature is good, meaning he is not the one to harm another purposefully. How does a nice creature, which goes after love, gradually become an evil devil? Something must have happens and gradually change his thoughts. Look at how he was born. â€Å"It was dark when I awoke; I felt cold also, and half frightened, as it were, instinctively, finding myself so desolate. (71) This description above shows the monster is left alone by Victor because of the monster’s appearance and suffered from coldness and loneliness since the first day when he was created, while it is just the start of his miserable life. Look at the first times when he met a human being. Suffering from hunger, the nameless creature went into a small hut and an old man sat there. â€Å"He turned on hearing a noise, and perceiving me, shrieked loudly, and quitting the hut, ran across the fields with a speed of which his debilitated form hardly appeared capable†(72). Once the old man notices the nameless creature and runs away because the monster’s appearance is terrifying and he assumes the monster will hurt him. We can see the old man as a representative of the ordinary people. He judges the nameless creatures by his appearance instead of quality. Imagine this situation: you are a really nice person and keep trying to make friends with others, but they discriminates you because of your skin color, gender or any other characters you have. This will make every emotional creature hurt. Actually the monster’s situation is even worse than that, because he has no companion and the only reason why everyone in this world discriminate him is his terrifying appearance which is not his fault. Therefore, it is reasonable for his inner world to gradually become dark. If people just try to avoid him, maybe, it is still acceptable. But what if his beloved try to destroy him? Please look at this sentence: â€Å"Agatha fainted, and Safie, unable to attend to her friend, rushed out of the cottage. Felix darted forward, and with supernatural force tore me from his father, to whose knees I clung, in a transport of fury, he dashed me to the ground and struck me violently with a stick. I could have torn him limb from limb, as the lion rends the antelope. But my heart sank within me as with bitter sickness, and I refrained. †(94) At the sight of the monster, worrying about monster will hurt his father, Felix spares no effort to attack the monster , while the monster is the one who had always been trying to help this family alleviate life burden and been eager to become a part to his family. Wronged and beaten by those cottagers, monster still refrained from desire to fight back, even though he is strong enough to tear Felix up. It is not the deed of a killer. How many human beings can be as tolerable as him? In a sense, the monster is even nobler than many of us. However, people regard this creature, which looks scary, as a monster, which is hostile to human. Nobody cares about it comes with a heart of gold. In this case, how does he feel? His feelings are afflicted and intensively contradictory. When I thought of my friends, of the mild voice of De Lacey, the gentle eyes of Agatha, and the exquisite beauty of the Arabian, these thoughts vanished and a gush of tears somewhat soothed me. But again when I reflected that they had spurned and deserted me, anger returned, a rage of anger, and unable to injure anything human, I turned my fury towards inanimate objects. †(97)Through these sentences, we can feel the monster’s inner struggle. He wanted to vent his i ndignation and hatred, but at the thought of his â€Å"protector†, he calmed down. Then, once he thinks of their departure and aversion to him, rage came back. However, he only turned his anger to inanimate stuff. He wants to revenge for what people have done to him but his nature tells him he shouldn’t do that. Even if he can’t control his anger, he still tries to minimize the damage by only destroying inanimate stuff. He wants to be a genuine person and gets along well with human being, but was rejected and hurt again and again. The reality tortured him emotionlessly. He was perplexed at that time. His thought was not as benevolent and pure as before. The discrimination of human being towards him made him started thinking of revenge. However, there is something worse waiting for him. â€Å"This was then the reward of my benevolence! I had saved a human being from destruction, and as recompense I now writhed under the miserable pain of a wound which shattered the flesh and bone. The feelings of kindness and gentleness which I had entertained but a few moments before gave place to hellish rage and gnashing of teeth. Inflamed by pain, I vowed eternal hatred and vengeance to all mankind. † (99) This is the description of the inner world of monster after being shot by a peasant whose daughter was saved by monster. He tried his best to save a girl and it’s the evidence of his heart of gold. However, the girl’s father never thought of why he save her life and try to restore her animation, but shot him because his appearance makes him look like a monster which will hurt human being. What if it is a human being that saves the girl? Usually, the peasant will show his gratitude and might even ask him to have a meal. If we compare these two conditions, we will find the deed of the saver is the same and but the attitude of peasant will be different. What determines the differences is the appearance of the saver. Humanlike saver is regarded as a nice person and creature which has strange or frightening appearance is regarded as devil. Isn’t that a kind of discrimination? The cruelty of reality kept swallowing his benevolence until the only thing left him to do is revenge. When the monster compromised to victor at the condition of creating a female companion for him, Victor broke his promise because he thought creating another creature like monster can only bring troubles. It is a reflection of discrimination. â€Å"As I looked on him, his countenance expressed the utmost extent of malice and treachery. I thought with a sensation of madness on my promise of creating another like to him, and trembling with passion, tore to pieces the thing on which I was engaged. † (119)This scene happened after Victor seeing the face of monster. When Victor was about to finish his work, he started to think creating another creature like monster can only bring more tragedies and decided to destroyed the monster’s female companion. It is true that the monster killed his brothers, but it is because there are too many miseries happened, revenge becomes the only thing he want to do to vent his indignation. We should notice that the monster can bring more sorrow to Victor and even other human beings, if only he wanted. However, if he didn’t do that, it means, in his deep heart, he is still benevolent creature. Nevertheless, Victor never care about how many good deeds the monster has done or the happiness of the creature he create, but only thought that the negative consequence of what the creature would make. Victor assumed the monster can never be a good creature, so his thought and decision are the reflection of discrimination on the monster. When we try to synthesis every part of novel I mentioned before, we will find the nature of this monster is good, but, gradually, the only thing in his mind is to revenge. What kind of thing makes a so nice creature become an evil? The answer is countless misery and injustice he experienced. Why does a nice creature have to suffer so much? Is that because of the fault of God? No! It is because of the discrimination. No matter how many times the monster help people, everyone in the novel, even children, thinks this creature is evil and tries to hurt people, so they avoid him, hurt him and even try to kill im. A nice creature never receives love or even sympathy because of his appearance, and, regardless of how the monster felt, his creator destroyed his last hope of being loved, so he wanted to see his creator was as painful as he was and decided to murder victors’ beloved. Now we can see that discrimination makes the nameless benevolent creature become a devil, contributing to the death of innocent people. So the real killer should be human being’s discrimination.

Thursday, November 7, 2019

Cold War Excert essays

Cold War Excert essays On April 4th 1949 a Military Alliance between the Capitalist Nations of the West was formed known as the Northern Atlantic Treaty Organization (NATO). NATO's primary purpose was to unify and strengthen the western Allies' military response to a possible attack on any nation in the Northern Atlantic. The Nations involved in NATO at the time of founding included the United States, Great Britain, and France among others and later on the inclusion of West Germany. September of 1949 marked a keystone in the expansion of communism when China fell, the United States saw this as an example of the worldwide spread of communism. At the same time, the USSR successfully detonates a nuclear weapon, marking a milestone in the arms race of the cold war and the end of an American monopoly of nuclear weapons. In June of 1950 another conflict became apparent, with a war between the aggressive Communist North Korea and the somewhat Democratic South Korea which resulted in an estimated 4 Million Casualties. The United Nations with the United States as the primary participant, joined the war when a resolution was passed at the Security Council while the USSR were boycotting the Council and unable to veto it. The United Nations joined the war on the side of the South Koreans, with Communist China eventually coming to Aid of North Korea. After huge losses the war ended inconclusively in July 1953. This war established a trend of United States intervention when contained communist expansion as their foreign policy now dictated. 1950 also marked the change of leadership in the United States with the election of Dwight D. Eisenhower, and the United States successfully explodes a Hydrogen bomb, a hugely more destructive weapon. Nine months later the USSR develop their own H-Bomb. ...

Tuesday, November 5, 2019

How to Correct an Awkward Interruptive Phrase

How to Correct an Awkward Interruptive Phrase How to Correct an Awkward Interruptive Phrase How to Correct an Awkward Interruptive Phrase By Mark Nichol When writers interrupt themselves to expand a thought, they must take care to ensure that they retain a parallel balance on the structure they’ve built. Here are three sentences thrown off balance, followed by solutions that will help the writers (and their readers) keep on their feet. 1. â€Å"High school students who carry a poor or no understanding of evolution into college are less likely to pick careers in the biological and geological sciences.† This sentence is technically correct, but the juxtaposition of the modifiers poor and no is awkward. This revision somewhat eases the effort to modify poor: â€Å"High school students who carry a poor, or no, understanding of evolution into college are less likely to pick careers in the biological and geological sciences.† (Alternatively, parentheses or a pair of em dashes could replace the commas.) However, this version, though longer, is more elegant: â€Å"High school students who carry a poor understanding of evolution into college, or none at all, are less likely to pick careers in the biological and geological sciences.† 2. â€Å"She has proven herself willing and capable of making progress with challenging ideas and procedures.† The problem with this sentence is that the two qualities are presented in nonparallel forms. If the second of the two qualities is omitted from the sentence, it clumsily reads, â€Å"She has proven herself willing of making progress with challenging ideas and procedures.† The sample sentence here, like the preceding example, benefits from a more relaxed syntax, in this case one in which each adjective is associated with a distinct verb phrase appropriate for its form: â€Å"She has proven herself willing to make, and capable of making, progress with challenging ideas and procedures.† (And, again, parentheses or em dashes can be used in place of commas.) Or, more simply, replace â€Å"capable of† with â€Å"able to† and change the verb phrase to â€Å"to make†: â€Å"She has proven herself willing and able to make progress with challenging ideas and procedures.† 3. â€Å"He has shown leadership in guiding, indeed sometimes demanding of them, to keep their focus on the task at hand.† There is no easy fix for this sentence, but it can be fixed it just requires more significant reorganization. Relocate the ill-fitting parenthetical that interrupts an otherwise coherent sentence, tagging it onto the end of the sentence, and reword it so that the verb form matches that of the verb phrase that immediately follows the subject: â€Å"He has shown leadership in guiding them to keep their focus on the task at hand indeed, he sometimes even demands that they do so.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Style category, check our popular posts, or choose a related post below:Comma After i.e. and e.g.Is There a Reason â€Å"the Reason Why† Is Considered Wrong?Plurals of Proper Names

Saturday, November 2, 2019

Enterprise and Business Development Term Paper Example | Topics and Well Written Essays - 2500 words

Enterprise and Business Development - Term Paper Example Target Market Be in one of the most highly rated industries for stability and success, Laundry services offers an opportunity to everyone who wants to earn a high return. It is the advantage is that laundry services can be located everywhere. It is possible to build brand new laundry services. Being a laundry service is probably the most overlooked fashion-related career. They should maintain a friendly, fair, and creative work environment, which respects diversity, ideas, and hard work. However, more than ever, people need laundry services, including the rich and famous or simple people who simply need to look their best in their favorite outfit. Whether the clients own expensive designer garments or whether it’s just simple cloths people trust their laundry services to remove spots, repair hems and make sure those garments looking their best (Boone, Kurtz, 1992).  Ã‚  Ã‚   The bargaining power of customers is great.   The range of services is standardized, but on the other hand laundry services is the key industry in its group which secure it from a decrease in services. Laundry services target three main groups of customers: individuals, public sector and private sector companies (hospitals, beauty salons, universities, hotels, etc). For attracting new customers Laundry service can open an advertising campaign. Primarily, it will be orie nted on the following groups of new customers: pensioners from the southern part of the city, families with children aged 5-12 years, students. Laundry service is an expert in apparel and fabric cleaning and caring that utilizes the latest solvents, technologies, and equipment to prolong the life of a piece of clothing or household item. Laundry services marketing challenge is to position service offerings as the high quality, high value-add alternative. Opportunities for Laundry service are evident. It is simple and economical. While the idea of Laundry services is not a new revelation, Laundry service provides a simple and economical means to start own business. Laundry service is one of the most needed cleaning businesses in the market today.

Thursday, October 31, 2019

Child and Elder Abuse Case Study Example | Topics and Well Written Essays - 750 words

Child and Elder Abuse - Case Study Example f-blame, nightmares, flashbacks, sleeplessness, fear of matters related to the abuse (comprising of objects, places, smells, and doctor's visits among others.). The effects of child sexual abuse also include self-esteem issues, chronic pain, sexual dysfunction, addiction, self-injury, suicidal ideation, depression, somatic complaints, anxiety and post-traumatic stress disorder (Hoyano & Keenan, 2007). Elder Abuse Case Norman (77) lives at home with his wife in addition to his two sons, who are 47 and 46. Both sons are jobless and not concerned in seeking a job. The man has been beaten numerous occasions by his sons. "At times, I think, ‘Why does it occur to me?’" were Norman’s exact words. Norman was recorded at a police station. The man talked to a Chicago Police Department (CPD) superior services spokesperson (Yahnke, 2012). The spokesperson provided background information via commentary. Norman was, after his statements at the police station, assisted to recove r from a whipping at the hands of his own sons in 2012. He did not sign a complaint since he dreaded a more ruthless beating. He told the officers that, at the moment he enters the house, he is done flatly. The senior police spokesperson said that the initial time she came across Norman was in the emergency room (ER) of the hospital (Yahnke, 2012). Norman was battered by his son since he used his son’s towel to wipe himself. Stitch ups were needed to seal the wound (Twentyman & Plotkin, 2010). Norman says that he always considers that things one day might get better, but the a hospital counselor informed him that such acts go one for as long as it takes. Norman’s sons use his Social Security, as well as pension income, and the father has to work part-time just to have his own money for petty use. The... Â  Norman (77) lives at home with his wife in addition to his two sons, who are 47 and 46. Both sons are jobless and not concerned in seeking a job. The man has been beaten numerous occasions by his sons. "At times, I think, ‘Why does it occur to me?’" were Norman’s exact words. Norman was recorded at a police station. The man talked to a Chicago Police Department (CPD) superior services spokesperson (Yahnke, 2012). The spokesperson provided background information via commentary. Norman was, after his statements at the police station, assisted to recover from a whipping at the hands of his own sons in 2012. He did not sign a complaint since he dreaded a more ruthless beating. He told the officers that, at the moment he enters the house, he is done flatly. The senior police spokesperson said that the initial time she came across Norman was in the emergency room (ER) of the hospital (Yahnke, 2012). Norman was battered by his son since he used his son’s towel to wipe himself. Stitch ups were needed to seal the wound (Twentyman & Plotkin, 2010). Norman says that he always considers that things one day might get better, but the hospital counselor informed him that such acts go one for as long as it takes. Norman’s sons use his Social Security, as well as pension income, and the father has to work part-time just to have his own money for petty use. The counselor confirms that Norman finally decided to pressed charges. A court hearing date was finally set, and his two sons posted bond. Â  

Tuesday, October 29, 2019

Childhood Vaccinations and Immunizations Research Paper

Childhood Vaccinations and Immunizations - Research Paper Example As from the year 1995, CDC in conjunction with American Academy of Family Physicians (AAFP) and American Academy of Pediatrics (AAP) has always put emphasis on annual childhood immunization schedule. Prior to this year, these groups updated the immunization schedule only once in a while. The first vaccines were: Smallpox, tetanus, diphtheria, and pertussis. hepatitis B and Haemophilus influenza type were introduced in the 19870s (The Children's Hospital of Philadelphia, 2014). The first formal vaccination for adults was introduced in the year 2002. According to the state of Ohio, a child who presents a written disapproval of immunization for conscience reasons would not be expected to be immunized. This is an indication that parents say is always final to the immunization of their children (Centers for Disease Control and Prevention (CDC), 2014). Otherwise, all the other children are supposed to be immunized in accordance with the most recent version of the recommended vaccine. When a child is humanized with a certain disease, it does not only protect them but also protect the other children around them. This is because they would not be able to spread the diseases because their bodies will be able to stand the attack. Immunization also helps in preventing lifelong suffering. Some diseases such as polio can lead to loss of body parts which means that the affected persons will have to live without those body parts for the rest of their lives. As compared to treatment, vaccination is usually safe.  

Sunday, October 27, 2019

Ilo Decent Work Agenda And Informal Economy Benefits Economics Essay

Ilo Decent Work Agenda And Informal Economy Benefits Economics Essay The informal economy defined to include all economic units that are not regulated by the state and all economically active persons who do not receive social protection through their work (ILO 2002), is as perennial and ubiquitous as human society. Discourse on it however, came to light in the early seventies with various studies in third world countries. Notwithstanding its inescapable nature, conceptualization and definition has been a problem for policy makers as well as those within academia. Myriad debates have come up on the issue with diverse views and remedies: some view informal workers as a nuisance to be eliminated or regulated; others see them as a vulnerable group to be assisted through social policies; still others view them as entrepreneurs to be freed from government regulations (Chen 2006:26). But neither the theoretic thoughts nor tangible ideas have provided a comprehensive framework on how to approach global informality and the new challenges it pose to policy makers. This essay critically examines the position of ILO influenced by the legalist perspective on formalizing the informal economy. Are there vested interests in promoting the decent work agenda? Is the decent work agenda merely a guise behind which informality continues to operate? Does the decent work approach take into account structures and institutions? The essay will delve into the argument of who benefits in formalizing the informal economy recognizing the fact that the informal head porter pay daily levies to the local government systems in Ghana but do not receive any benefit. A synopsis on informal economy and decent work agenda will first be outlined and how this applies to the head porter in Ghana. Finally, a conclusion will be drawn with some policy recommendations. Perspectives on Informality The informal economy was first discovered in Africa in the early 1970s due to the dominance of large scale self employed who do not fall within the formal economy. Economic anthropologist Keith Hart coined the term in his series of studies in Africa on the urban labour markets where he distinguished between wage earning and self employment. He emphasized on entrepreneurial dynamism and diversity of people in the informal sector (Hart 1990). This led to the development of three schools of thought dualist, legalist and structuralist perspectives which all try to conceptualize, explain and address the challenges of this complex phenomenon. The dualist posit the view that informal economy is peripheral or marginal and result out of the inadequate jobs in the formal economy and will recede with the development of the modern sector (Hart 1973; ILO 1972; Sethuraman 1976; Tokman 1978). The perspective therefore call for policy focus on support for the informal economy enterprises and workers in the form of credits and business development services with the assumption that the informal economy will fade away with more formal jobs. The structuralists, however, abruptly refute the dualist approach and contend that formal and informal economies are inextricably connected and interdependent the informal economy continues to exist because it is subordinated to the formal economy and enables the formal economy to reduce costs and increase profits (Moser 1978; Castells and Portes 1989, Bromley 1994). Hence policy focus should be on altering the unequal relationship that exists. The legalist approach spearheaded by De Soto (1989) subscribes to the notion that informality is as a result of the excessive over regulation by the state (rigid mercantilist) and hence the solution to the problem of informality is a liberalizing framework deregulate, de-bureaucratize and privatize. The approach therefore advocates for formalizing and the decent work agenda follows directly from this perspective despite influence from other frameworks. Notwithstanding the diversity of these concepts, informality continues to grow in new guises and different forms even in the industrialized nations. It is worth mentioning that none of the perspectives adequately explains or prescribes solutions to the problems of informality given its heterogeneous and multi segmented nature. Consequently, policy makers are faced with the dilemmas of whether to eradicate or formalize the informal economy. This has led to the suggestion of different ways of providing support for those in the informal economy which include licensing, provision of micro credit, training as well as enabling environment for collective action (Chen 2006) with more emphasis on formalizing. In spite of these suggestions, understanding of the formalization process varies and different actors tend to define formalization to suit them. Intrinsically, policy makers view formalizing as a way of licensing informal work and putting in place taxation structures. Conversely, the different informal workers and enterprises see formalizing as a means to attain support and receive the incentives and benefits of formality. Hence in formalizing, there are striking differences in terms of interests and needs which should reflect in the policies of countries. The institutional capacities, mechanisms and resources especially in developing countries are however, inadequate to cater for the wide variations. The above problems question the feasibility of formalizing the informal economy and De Sotos legalist approach to informal economy. Are the states in many countries well equipped to enable workers and enterprises in the informal economy move upward into formality? Formalization may not be that simple as envisaged it can be problematic and a nightmare to policy makers. Despite the complication, the informal economy can be reframed to fruitfully interact with the context and actors as well as reduce the associated vulnerability and risks. Consequently, new frameworks have emerged to take care of the policy challenge of decreasing the cost of working informally (Chen 2006:90-1) or reducing the decent work deficits of working informally (ILO 2002). The ILO decent work agenda champions the emerging consensus concerning the need to develop a framework that is appropriate and able to respond effectively to the problems faced by those in the informal economy. However is this agenda feasible in the mist of all these dilemmas? What can the ILO Decent Work do for Informality? The ILO (2002) defines decent work as productive work which generates an adequate income, in which workers rights are protected and where there is adequate social protection providing opportunities for men and women to obtain productive work in conditions of freedom, equality, security and human dignity. Decent work has been categorized into two different approaches. Some analysts have classified it into eleven measurement categories based on employment opportunities, acceptable work, adequate earnings and productive work, decent hours, stability and security of work, balancing work and family life, fair treatment in employment, safe work environment, social protection, social dialogue and workplace relations, and the economic and social context of decent work (Ghai 2006:27). The other approach views decent work from the perspective of security in which there are seven security indicators labour security, employment security, job security, work security, skill reproduction security , income security and representation security (ILO 2002). Therefore lack of access to these indicators at the macro (national), meso (enterprise) and micro (Individual) (Ghai 2006:27) levels leads to decent work deficits. These securities and indicators are inaccessible to workers in the informal economy albeit pockets of workers in the formal economy also have deficits for example the working poor. Hence in looking at the situation of those in the informal economy, decent work deficits are the main characteristics and apparent are poor quality unprotected and remunerated jobs, the absence of rights to work, inadequate social protection and lack of representation especially among women and young workers (ILO 2002:8). The decent work approach therefore recognizes that all those who work have rights at work, irrespective of where they work (ILO 2002: 8) and should have decent work. Notwithstanding this, a one-size-fit all policy cannot be developed for all segments. Decent work programmes need to take into consideration the diversity in labour markets, multi-segmented nature of informality, the role of government, institutions as well as cultural and historical backgrounds of nations. Decent work should therefore be seen as a goal to be achieved progressively from immediate to long term (ILO 2002). The immediate term focus is to recognize and give protection to those working in the informal economy, the short/medium and long term strategies are to enhance upward movement into formal decent jobs and the creation of formal decent employment opportunities for all respectively. Work should therefore meet decent work conditions which are seen as a source of dignity, satisfaction and fulfillment to workers (Ghai 2006:11). Limitations of Decent Work Paradigm The decent work agenda is a benign attempt to informality but ILO unlike the World Bank and IMF do not have the capacity to enforce and ensure that governments adhere to the decent work programme. Also, while the ILO outlined the securities that will make informal work decent, it does not provide insights into how these securities can be met and whose responsibility (individual, state, market, and other actors) it is to address and find solutions to the deficits. Moreover, ILO does not point out how to prioritize the securities in situations where it is impossible to have all seven fulfilled. The question is shall we prioritize or shall we try to achieve at the same time all the seven securities? Furthermore, whiles Chen (2006:27) assert that capacity of institutions, funding for incentives and social protection, inadequate formal jobs and employers not willing to convert as the problems that impede formalizing, she seems to forget about the vested interest and structural determinants that could hinder decent work. For example institutional obstacles such as the local government units in Ghana may stifle the decent work agenda as incorporating decent work framework will hinder the benefits they enjoy from the informality. Who benefits from formalizing: local government or head porter (Kayayei)? Before looking at the head porter and the local government systems in Ghana, it is important to have background information on the head porter business. The head porters popularly referred to as kayayei in Ghana are female young girls who migrate from northern parts of Ghana to the south predominantly Accra and Kumasi. Like other informal businesses, the kayayei are self employed and engage in carrying goods on their head from one place to the other, unpacking stores especially in market places as well as assist buyers in carrying purchased goods to various locations for a negotiated fee (Argawal et al 1997, Opare 2003, Awumbila 2007). Agarwal et al (1997) further indicates that these girls are part of the informal transport structure of Ghana that transport load from one place to the other and this commercial head load carrying is to be understood within the structure of economic activities of women in the informal economy, and the importance of petty trading as the predominant occu pation of women. Similarly, ILO (2004) and Awumbila (2007) notes that jobs engaged by these Kayayei pay low wages, have low productivity which leads to unstable incomes. The purpose of their involvement however, is to attain sufficient savings to convert to a more lucrative and less arduous occupation (Awumbila 2007:3). These head porters lack official registration, work in highly competitive market places, have deficits in all seven securities, and are exposed to diverse risks and shocks. Their daily vulnerability goes from running after busses for business to harassment from metropolitan agents for payment of daily levies. These head porters however, have various survival strategies which include collective credit and insurance (susu and adashi) schemes and organization of semi-permanent conjugal unions to reduce their vulnerability within the labour market (Awumbila Ardayfio-Schandorf 2008, Argawal et al 1997, Opare 2003). Much of the literature on the kayayei phenomenon talks about migration and livelihoods but hardly talked about is the levy they pay to the local government systems in Ghana but do not gain any form of social protection. Their activities like other informal businesses are not recognized but they are regulated by the metropolitan assemblies in the forms of daily levies. They pay fifty Ghana pesewas daily levy to agents of the assemblies and are hijacked in the course of their operations to pay before they can continue with their activities. It is however, unclear what the taxes collected from these girls are used for. They do not get any form of benefits, incentives or social protection from the local government. Evans (1989:582) describes the case of Zaire predatory state in which state officials squeeze resources from civil society without any more regard for the welfare of the citizenry than a predator has for the welfare of its prey. This predatory state scenario best describes the relationship between the local government and the head porter in Ghana. The metropolitan authorities benefits from the informality of the head porters and do not have any regard for their welfare. In such a case, implementing the decent work approach will serve as a dis-benefit to the government who only plays an opportunistic appropriation role. Hence, such structures may serve as obstacles to the decent work programme. Chen ( 2006:15) indicates that many activities in the informal economy do not generate enough output, employment or income to fall into existing tax brackets but these girls though do not generate enough income are still taxed and this further exacerbate their situation. Conclusion and policy recommendations Once the local government recognize the legality of the head porters through taxation, they are obliged to provide them with protection. For example their activities could be regulated by putting in fixed prices for carrying goods to certain distances to reduce their vulnerability in terms of negotiation. State should provide kayayei with vocational and negotiation skills training, recognize them in the labour laws and give basic security like health care, shelter, protection from eviction and harassment can cushion them against risks and shocks in their daily activities. For instance paying the premium for these head porters in the Ghana national health insurance scheme will take care of their health needs and further enhance their work. Similar welfare funds like the Bidi Workers Welfare and Head Loaders Funds in India could be established to provide social security benefits for these head porters. In addition, their micro insurance schemes and strategies could be enhanced especially the susu and adashi systems. These forms of collective contributions could be transformed into mutual systems of social security. The role of the state is vital in promoting such systems by providing an enabling environment and suitable policy framework to include these schemes. Moreover, the local government systems should recognize and protect the rights of the head porters since they play a facilitative role being part of the transport sector in Ghana. As Opare (2003) noted the kayeyei make useful contribution to the Ghanaian economy and should be recognized as such and provided with the necessary protection to enable reduce decent work deficits. Should these be considered for the social protection policies, it will help reduce the insecurity, vulnerability and material deprivation faced by these head porters.