Scenario Essay Example | Topics and Well Written Essays - 4000 words

Scenario - Essay Example Loyalty and vision are both essential and provide employees with a pursuing path. In this report, an elaborate study will be presented which will determine the responsibilities and performance of the employees. Besides this, analysis will also signify the need for developing interpersonal and transferable skills. The organizations require that the employees work together and develop the strategies which help them in appropriate problem solving. All these studies signify the need for developing self-awareness and promote teamwork. This highlights the skills of individuals and presents a conclusion which proposes the ways through which useful human resource can be gathered by the organization. TASK # 1: DETERMINE OWN RESPONSIBILITIES AND PERFORMANCE 1.1 MANCHESTER COLLEGE LIP FOR DEVELOPING RESPONSIBILITIES AND PERFORMANCE OBJECTIVES Performance monitoring process is essential for individuals as it helps them in defining the career scope. The individuals require appropriate planning fo r setting goals and performing all the relevant actions required for progressing. Measuring the activities must be done through adequate planning, implementing, monitoring and reviewing the plan. This requires evaluating the needs, measuring impact and designing the services which are required for progressing within the relevantly designed model. (ACC, 2009) The measure of the responsibilities and performance makes the individual aware of the plan of action required to follow. Defining the scope of development can be done through the use of this model. For the individuals, the plan should be structured using all the available information which has been provided through the LIP model provided at the Manchester College. Three Months Acquire the expertise which reflects on the Academic performance. Plan and structure goals acquired for the future. Assess the current situation and develop an understanding of the goals which need to be acquired. Categorize the significance of job and ali gn it with the course which is being studied. Assess the support required for learning. Six Months The course learned and its relevant application with the job. Compare all the skills which include interpersonal and communication skills and how they may assist in acquiring the gains in the future. Prepare for the studies ahead of time after reviewing the date of the curriculum. Prepare for the assessment and rate the course preparation while studying the course. Nine Months Acquire complete knowledge and skills required for the training. Measure the competencies and further develop the skills keeping in mind the SMART goals. Enhance the technical knowledge and skills. Set own personal targets and ensure that no compromise is made while acquiring those targets. The performance objectives developed from the model will assist with the progress and create a whole new level of competence. 1.2 ACTION PLAN USING THE SMART TARGETS Goal setting is an essential process for completing the goal s. It is effective as it identifies all the facets and highlights all the hurdles which may arise during the success phase. The individual goals which are made determine the accomplishment of the strategic goals. The goal setting theory is one of the most influential and practical theories. Thousands of companies across the globe use this

The Effects of Video Games on Children Essay Example for Free

The Effects of Video Games on Children Essay â€Å"Technology is a useful servant but a dangerous master,† says Norwegian politician Christian Lous Lange (1930, no page). Indeed, technological progress made a step forward in humans’ civilization, changed people’s lives and brought new innovations. Virtual reality, as a part of this progress, gave an opportunity to have a look at the world built on imagination with a possibility to be involved in all actions happening there. Computers, PlayStations and other gaming platforms allowing people to interact with a virtual gaming world are becoming popular today, especially among children. Definitely, some video games positively impact on children’s learning skills at schools or colleges, even showing better results in their education. However, these games are one of the controversial issues existing presently. On the level with researchers revealed positive sides of virtual gaming, there have been conducted many other types of research, which discovered some negative effects caused by virtual games. On the one hand, the positive effects of digital games can be linked with an academic education of children. These games can teach young people some subjects at schools or universities, for example, algebra and geometry (Corbett et al., 2001). One of the reasons for this can be that children act actively while playing video games instead of just listening or watching, which make computer games good teachers. Moreover, a practice of video games for educational purposes may be helpful for migrant children. There are several reasons for this such as the possibility to change languages, an opportunity to repeat tasks which were difficult for international students and other reasons. For instance, this practice was successfully used by the Pennsylvania Department of Migrant Education to teach international students (Winograd, 2001). Turning to the negative effects, a serious concern about digital games attributes to violent games, which are gaining popularity among children, whereas educational and challenging games are becoming less popular. Perhaps the most problematic issue connected to the violence in games is the formation of aggression in children’s behavior. According to Park (2014), new research has proven that those children who are addicted to sit hours playing video games are more likely to act themselves in a hostile way than those who are far from spending lots of time in front of gaming platforms. Shooting at people and killing them, acts of stealing and kidnapping, and a clear vision of bleeding profusely – all these factors are responsible for the appearance of kids’ aggressive attitude towards other people. But aggressiveness is not only problem. Other behavioral problems are also caused by violent games such as making some actions normal whereas they are abnormal. For insta nce, well-known game â€Å"Grand Theft Auto† gives a clear vision of actions which are terrible in reality, such as hiring prostitutes and murdering them to take money back, killing pedestrians by driving on the sidewalk in GTA world, carrying out an attack on people randomly and others (Wendling, 2014). In fact, the history shows that over 125 million of duplicates of GTA were sold which makes this game one of the best sellers (Video Game Sales Wiki, 2013). Additionally, demented activities in some video games are awarded with virtual money, reputation and some points, which can spur on children to realize abnormal and even criminal actions in real world. In 2013 two girls from Italy murdered one man and stole his money and then told the police that they felt as playing GTA while committing the crime (Corriere Della Sera, 2013). There can be observed other negative effects too related to behavioral problems caused by violent games. More studies should be undertaken to analyze all these effects in order to minimize negative consequences carried by them. Similarly, we have to concern about non-behavioral effects of virtual games on children as well. First of all, video games lead to deterioration of children’s social skills. According to studies made by a group of specialists, there was found that children addicted to playing games displayed a lower level of social skills compared to normal students (Zamani et al., 2010). The reason for this can be that young people devote their free time to video games instead of talking with coevals and friends, which, obviously, arouses different troubles with communication. The research concluded that children having exposure to playing games avoid communicative relations (Zamani et al., 2010). The explanation concerning why children continuously play video games wa s given in the research: video games are more enjoyable, inform about others, help some children to feel themselves not alone, somehow make children forgotten about existing problems, and video games give an opportunity to participate in game actively and directly (Zamani et al., 2010). Social skills are important in the formation of individuals since relationships and interactions with other people built on communication are pivotal. However, negative effects of video games on children’s social skills continue to worry the majority of people, especially parents. Furthermore, health problems caused by video games are one of the major problems to concern about. Since children may seat sufficient time controller-in-hand, they spend less time on physical activities. Hence, obesity may be a great threat to their health problems. Accordingly, one research indicated that children who play virtual games more than 1.5 hours are more inclined to have obesity problems than those who spend less than 1.5 hours (Rehbein et al., 2010). In addition, vision problems triggered by sitting hours in front of the monitor may serve as another example for health-related problems about video games. Parts of the eye such as pupil, cornea, and iris are vulnerable for long viewing on electronic devices, contributing to eye strain (Gillespie, 2002). Thus, this may have negative outcomes such as deterioration of children’s vision. Another example of health problem caused by computer games is an epileptic seizure. That is why all video game industries are obliged t o have epilepsy warnings on goods they produced in order to prevent this illness. There are more health problems triggered by video games, especially, among children as â€Å"developing† population, since they have recently started their growth in both physical and mental characteristics. In conclusion, technology is not a good or bad invention, it depends on people in what way they use it. Similarly, virtual games have many positive effects in education even giving a better performance of students in academia. Many types of research have proven that interactive computer games are good teachers and may be helpful for migrant students, because of an active interaction with the virtual gaming world, language changing possibilities for international students and repetitiveness of tasks. However, other researchers have shown that violent games may cause some behavioral and non-behavioral problems, which represent a great danger for young people. Behavioral problems include aggressiveness in children, caused by violent actions in the game and non-behavioral problems include deterioration of children’s social skills, as a result of lack of communication. Additionally, health-related problems are also one of the negative effects of video games. Illnesses such as the d eterioration of the eyesight, caused by an extensive viewing of the monitor, obesity, which is triggered by a lack of physical activity, epileptic seizure, and many other health problems, are things which needed to be concerned about by everyone. Finally, even though video games have more bad consequences on children rather than positives, with an effort to get rid of negative effects we should save positive effects of video games.

New Business Report On Nail Salon

New Business Report On Nail Salon In October 2004, Nails magazine conduct a survey and learnt that 87% of women have had their nails done at a salon (2). The magazine also stated that 42 % of the respondents have their nails done at least once a month and Nail-only salons are the preferred choice over full- service salons or spas for nail care (1). Almost all women go to nail salons in order to look good. Nicer Nails salon is a beauty service establishment that supply a personal service to predominantly female clientele. The salon offer nail care like pedicures, manicures as well as nail enhancements which involve applying false nails, nail extensions, and decorating fingernails according to requirements including nail parties. We are knowledgeable about hygiene and health issues relating to their profession. The desire to have beautiful nails first began during the Ming Dynasty of China, long artificial nails were worn by noblewomen as a status symbol indicating that, unlike commoners, and they did not do manual labour. In the early 19th century in Greece, the upper class women wore empty pistachio shells over their nails, then slowly spreading the artificial nails trend across Europe. In the late 20th century, artificial nails for women became widely popular all over the world (4). The fascination with beautiful nails has grown over the centuries and become a multi-billion pound industry. Extension nail is now a thriving market. Exploiting the development of technological and procedural advancements, Nicer Nail salon will provide a full-service nail technician with high customer satisfaction by delivering speedy, excellent service, an enjoyable atmosphere at an acceptable price. The demand for nail technician service is growing since women have increasing the disposable income which they are keen to spend on treatments that will reduce the stress of everyday life. At Nicer Nail salon, our high qualified technicians will offer a comfortable and relaxed environment. We are the true cut above other nail shops. Our mission is to supply services that enhance our clients physical appearance and mental relaxation. The timing is right for starting new venture; one perfect location was found in Kingston shopping centre. To achieve our objectives, Nicer Nail salon is seeking  £40,000 in loan financing. This loan will be paid from the cash flow from the business and will be secured by the assets of the company. 1.0 Introduction Beauty industry in the U.K is booming, there is a lot of money to be made in this industry more than ever, making today a great time to join the industry. Salons and spas have become a cure to the fast-paced lifestyles nowadays. It has been estimated that the average person spends one third of her cosmetic budget on nail care. Because todays fashion regards professional nail care services increasingly important. However, this billion pound industry can be influenced by changing in politics and economic. The report will show how important it is for business to react with the change of environment. This report is not only an environmental analysis that supports the nail salon but also a financial plan to help the prospect of opening Nicer Nail Salon. Product service: 2.1 Target customer: female over 16 year olds. According to the Nail magazine, nail salon patrons begins their habit early. 55% were under 25s when they first starting having their nails done professionally (1). Moreover, result from 2010 Survey of Hours and Earnings show Women salary is highest in the age group within 30-39 (12). On the other hand, nails art parties are on the rise in popularity, particularly for hen nights and teenage parties. Therefore, the need to offer an array of services to attract clienteles of all different age and income groups is necessary. For example, high-end clients are looking to be pampered. Although we cannot ignore the segment of customers, who would still want to have their nails done, dont want to spend out of their comfort areas. Services: Principally, the salon will generate revenues from the direct nail technician services. A nail technician provides painting, nail filing, manicure, pedicure and artificial nails services including acrylics, airbrush nails and nail jewelry. The most popular new foot service which is gel toenails also be provided. To a lesser extent, the salon generates revenue from sale of nail care and hand cream products. Furthermore, a deluxe service involves playing around with colored gels and dabbling in 3-D art will also be offered. Location: the salon will be located on Fife Road, Kingston -upon-Thames, U.K. the location is strategically situated on one of the busiest street in Kingston next to a hairdresser; importantly, there is a big car park nearby the salon. This is a high profile area and easy access from all parts of the town. It is also very convenience for clienteles to locate our salon. Pricing: According to nail magazine survey, 11% of respondents have stopped having their nails done at a salon due to the expense (3). Thus it is important to offer service that available for customers who cant quite afford high-end luxury salons. After sales service: our customers will leave with tips on how to make their nails healthier. To gain the clienteles trust, clean and safe quality products are used. In addition, clients are always welcome to question about our products. We are confident that word-of-mouth about such a salon would be the best advertising for this type of business, it is not only attract local clienteles but also reach customers far outside the boundaries of Kingston. A creative and innovative fashion always applies to generate very high levels of customer satisfaction. Providing customers with the option of booking appointments and consultations online. 3.0 The Business environment (PESTLE analysis): Like any other business, the Nail salon has to act and react to external factors influences it. Since markets are changing all the time. Customer develops new needs and wants, new competitors enter a market, new technology means that new product can be made. Government introduces new legislation e.g. increase minimum wage means that the disposable income increase it may lead to higher level professional service. Therefore, it is essential to know the influence of external factors include political, economical, socio-cultural, technological, legal and ethical environment is (13). The political environment: is one of the most important factors affecting the operation of a business. It is part of the macro-environment which is external to an organisation and completely beyond its control. The effect of political on business in general: Politic affect business in varieties of levels. Business is affected directly by tax policy; high tax rate will attract less investor (chart 8 in appendix1). Policies of government are very important. For example UK is the democratic country, people have full voting authority; they would be able to choose government that would work for the betterment of the country. It helps businesses to thrive because of the good policies of the government. In contrast, if there is no democracy, there is no respect for the chosen government. Instability and uncertainty in the country arise, government comes and goes and so will their respective decisions and policies. Business will suffer in such case as they do not know what will be their future. An example of instability political causes negatively influencing is the effects of anti-government protestors on hotel operators in Thailand in December 2008. Chart 9 (Appendix1) shows a loss of room revenue during period of peak tourist season. It is clear that the political instability is negatively influences travelers decision making (7). Furthermore, a stable political situation will attract more and more investors from other nations. The effect of the political environment on nail salon: Tax policy: as a sole trader Nicer Nail salon owner has responsibility to pay for local business tax, VAT, corporation capital income tax for business and national insurance for employees. Because by doing so the government know the presence of the business. The conservative government recently announced a new austerity plan. It causes higher interest rates, more business failures, lead to shaper rise in unemployment, directly affect the bank and national disposable income. As a result, the salon revenue may reduce significantly. Economical environment : It is believed that the level of demand for nail treatments can change depending on consumers level of disposable income. Businesses are in areas hard-hit economically will suffer because people lost jobs they have to tighten their belts and take control of their spending habits. Since many people are of the opinion that having nails done is not a necessitate thing. As a service industry, many beauty salons are being hit severely. Retail Sale is another example of industry that suffers when the surrounding economy turns down. Chart 11 (appendix 1) shows a lot of retailers report losses and in fact go out of business. Fortunately, the economy in the UK is in fast recovery (Chart 5 appendix 1). Additionally, chart 6 (Appendix 1) show household expenditure and total employment rose (5). Increasing in disposable income means that people can spend on luxuries like nail treatments. Furthermore, The British Lifestyles report by research group Mintel found that in the last decade we have spent 50% more on trips to hairdressing and beauty salons. This proves that the beauty market increases continuously despite the fact that the economic market condition in the UK is still in recession. Regardless of the recession, there are still people who enjoy being pampered. It makes professional nail care is a business with many good advantages. Socio-cultural environment: Every business works in society and consequently is subject to a variety of social influences. These influences include demography, social class and culture (13). For example, result from 2010 Survey of Hours and Earnings (chart 10 appendix 1) show that median earning of female employees grew. Increasing number of career women trends developing a high maintenance notion towards beauty regimes. This is reflected in the increasing amount of nail bars and services available. Nicer Nail Salon is the place where hard working people can come to get away from their daily stresses and be truly spoilt, a place that had the look and feel of a posh city salon. Nail arts can be a fashion statement and express individual for young clienteles who follow the latest trends and styles with a desire to be fashionable. Other services such as ear piercing, facial, and waxing eyelashes treatments are also offered to attract new clients. On the other hand, UK population is ageing (chart 4 Appendix I), ageing population means that the need to provide for a wider age range of clients is essential. Nodaway, Women earn more they will spend more money to look good. Plus the influence of fashion and changes in attitude toward health make professional nail care become booming industry. Technological environment: Advances in technology can have a major impact on business success. For example, one of the easiest and quickest way to let high-end class clienteles know that the salon are dedicated to serving them with luxurious pampering is creating a website that speaks to their needs and wants. Since, today the internet has major influence on the way consumers research and purchase products. By registering the nail salon with online portals the potential customers can easily reach the salon website which provide company name and contact information with online directories. Furthermore, option of consultants online 24/7 shows the salon is dedicated to deliver professional service. Moreover, electric nail file, unlike manual tool, enables a nail technician to filling acrylic nails much easier since the areas that were once hard to reach when filing manually such as cuticle areas and undersides of nails are now easily accessible. The electric nail drill is a time saver; it allows the salon to serve more clients in a day and this should increase profit. In 2010, 19.2 million households had an Internet connection in the U.K. This represented 73 per cent of households and an increase of 0.9 million since 2009 (15) an enormous increase in the number of home computer. This makes internet becomes one of the best ways to advertise the salon. On the other hand, improvements in technology will reduce the costs of nails equipment and products for example nail varnishes, jewellery. This should increase salon revenue. The legal environment Health and safety is important when working as a nail technician. Health and safety legislation is part of criminal law. Failure to comply with the law has serious consequence for example if there is a severe risk to health and safety, the salon will be closed down until improvements have been made. The salon has to work within the legal and professional frameworks that set the standards for employment. The law demands that every place of work is a healthy and safe for clients, workers, and other visitors. For example, potentially hazardous substances like glues or acetones should be carefully handle. The salon must follow the Control of Substances Hazardous to Health Regulations 2002 (COSHH) (10). My salon also looks forward to Legal requirement such as accident insurance and safety disposable products. The salon will keep to the Health and Safety guidance produced by Habia for nail technicians (9). This involves controlling and minimizing skin exposure to nail products, disinfecting equipment for manicuring, cleaning and minimizing inhalation exposure to nail products A nail technician should provide a service with reasonable care and skill, within a reasonable space of time and at a reasonable charge (The Supply of Goods and Services Act 1982). The nail technician will commit a criminal offence if published misleading advertising that deceives another trader (The Business Protection from Misleading Regulations 2008). Hence, it is crucial to know about the laws. Ethnical environment: Methyl methacrylate (MMA) is a monomer used in nail enhancement application but it should not be used in the salon due to its dangerous effect such as blister and nail loss for natural nails or respiration problem and asthma for some people even though it is still legal to use in the UK. Acrylic contaminated materials should be sealed in a bag before disposal in the bin reducing the amount of chemicals in the air. Gauze pads, cotton wool etc. that have been soaked in chemical should be disposed of in a sealed bag. The intended legal entity for my company: The salon operates as sole trader. I have look and found that being a sole trader is the easiest way to start a small business like a nail spa. Accounting is much easier hence bills for accountants are lower. Plus no complicated paperwork is required. Importantly, decision can be make quickly and close contact can be kept with clients and employees. However, you have to make decisions and provide all finance by yourself. The business income is the owner income therefore it is harder to reduce tax bill. Registration and regulation: Nail technicians are required to register their business and apply for a license to trade. The licence is known as a special treatment licence. The fee to register will depend on each local authority. As a Sole Trader, the salon owner needs to register with Her Majestys Revenue and Custom (HMRC) as self-employed at the moment the business has started otherwise the financial penalty will be charged. Financial plan The startup capital of  £45,000 (appendix II for details) is required to use for the design, leasehold improvement, and equipment of the salon. There are many ways to raise finance for examples borrow from family, get a bank loan or from outside investors. I did research and found that the best way to raise capital for Nicer Nail Salon is borrowing from my parent because they provide with better terms than the bank or private loan guarantees. In order to have successful business with family an agreement letter (Appendix II for details) between me and my parent is necessary in case thing dont go as planned. This also helps to protect everyone from each other and eliminate all conversations that start with you never said that. This note emphasizes that my parent lend me  £45,000 as a debt loan rather than equity. The interest will be paid quarterly to my parent account. Borrowing from parent is better than borrowing from private loan guarantees as the limit time frame stems is much longer. Compare to bank term loans, the interest rate is also much lower. Conclusion: Based on the result from 2010 Survey of Hours and Earnings and British lifestyles I can conclude that Nicer Nail Salon is a necessary service nowadays. Owning a nail salon is promising as little start-up cost is needed and importantly, it is never out of season. , it will be a good start of going somewhere with nail business. Explain in greater details of executive summary how and why the conclusions were reached. This is based on result of findings Appendix I: Table 1: shows the places where customers have their nails done. Table 2 shows how often they have their nails done Table 3: show the main reason stop customers having their nails done at a salon Chart 4: Estimated and projected population and percentage of population by age group, UK, 1984, 2009 and 2034 (3) Chart 5: show the economy from 2006 to 2010 (2) Economy grows by 0.7% in Q3 2010 Chart 6:show consumer Spending trend from 2006 to 2010 Household expenditure grows by 0.3% in Q3 2010 Household final consumption expenditure percentage change, quarter on previous quarter Chart 7: GDP and the Labour Market (5) From recession to recovery The labour market in recession and recovery The UK continues its path of recovery from recession(5) The UK economy over the past three recessions According to the latest figures, UK GDP grew by 0.7 per cent in quarter three 2010. GDP grew by 0.7 per cent in quarter three 2010. This was the fourth consecutive increase since the end of the recent recession. The 0.7 per cent growth stemmed from: Service sector (0.4 per cent) Construction sector (0.2 per cent) Production sector (0.1 per cent) Growth in the Service sector was driven by the government and other services, transport storage and communication and distribution hotels and restaurants Chart 8: Higher tax rates discourage investment by lowering investments return (6) Chart 9: Daily hotel reservation requests in Thailand from 16/10/2008 to 16/12/2008(7) Chart10: Earnings 2010 survey of Hours and earnings (12) Chart 11:UK Retail Sales during recession Appendix II: Below is the summary of money needed to start up Nicer Nail Salon Start-up Expenses Rent deposit  £1,500 Legal  £500 Brochures  £500 Stationery  £1,000 Sundry salon equipment  £2,500 Total Start-up Expenses  £6,000 Start-up Assets Needed Cash Balance on Starting Date  £15,000 Other Current Assets  £24,000 Total Assets  £39,000 Total Requirements  £45,000 This is an installment promissory note between me and my parent Instalment Promissory Note (17) Full Names ____Kim Anh Tran_____ Address___Kingston -upon- Thames , UK, KT2 7SB (Hereinafter referred to as the Borrower/s) Full Names ____Kim Pham____________________________ Address: Kingston -upon- Thames , UK, KT2 7SB (Hereinafter referred to as the Lender) For value received, the Borrower hereby unconditionally promises to pay to the order of Lender the sum of __ £45,000 together with interest accrued at the rate of __ten six_percent (_6%) per year on any unpaid balance. Payment Terms Borrower will pay ______one__payment of __ £2,000___each at uninterrupted quarterly intervals on the __first day of each month, starting on the 11/01/2011 until the Principal amount and accrued interest is paid in full. All payments shall first be applied to outstanding late fees, then to interest and the balance to the Principal amount. Prepayment The Borrower may prepay this Note in full or in part at any time without premium or penalty. All prepayments shall first be applied to outstanding late fees, then to accrued interest and thereafter to the principal loan amount. Place of Payment Payment shall be made at the above stated address of the Lender or at such place as may be designated from time to time in writing by the Lender or holder of this Note. For ease of payment the Borrower may exercise the option to effect payment by direct deposit or electronic transfer of funds into the account of Lender as specified in writing. Late Payment Fees If payment is not made within _10___ days as stipulated in the payment terms the Borrower shall pay an additional late fee in the amount of  £__500. Acceleration of Debt upon Default If the Borrower fails to make any payment when due for whatever reason and the Lender provides notice of such failure, the Borrower must effect payment of the amount due within __30__ days, failing which the Lender can demand immediate payment of the entire outstanding Principal amount and accrued interest. Collection Fees In the event of default this Note may be turned over for collection and the Borrower agrees to pay all reasonable legal fees, collection and enforcement charges to the extent permissible by law, in addition to other amounts due. Security This Note is secured by a Security Agreement which will remain in full force and effect until this Note and the Security Agreement are released in writing by the Lender. Transfer The Lender may transfer this Note to another holder without notice to the Borrower and the Borrower agrees to remain bound to any subsequent holder of this Note under the terms of this Note. Replacement of Note The Borrower agrees to execute a new Note with the same terms and conditions and remaining value in the event that this Note is lost, stolen or mutilated. The Lender shall release the Borrower of all obligations under the lost, stolen or mutilated Note in lieu of a replacement new Note. Joint and Several Liability All Borrowers or Co-signors identified in this Note shall be equally liable for the repayment of the debt described in this Note. Borrowers Waiver The Borrower waives demand and presentment for payment, notice of non-payment, off-set, protest and notice of protest and agrees to remain fully bound until this Note is paid in full. Lenders Indulgence No relaxation, indulgence, waiver, release or concession of any terms of this Note by the Lender on one occasion shall be binding unless in writing and if granted shall not be applicable to any other or future occasion. Binding Effect The terms of this Note shall be binding upon the Borrowers successors and shall accrue to the benefit and be enforceable by the Lender and his/her successors, legal representatives and assigns. Jurisdiction This Note shall be construed, interpreted and governed in accordance with the laws of the U.K and should any provision of this Note be judged by an appropriate court of law as invalid, it shall not affect any of the remaining provisions whatsoever. General Where appropriate words signifying one gender shall include the others and words signifying the singular shall include the plural and vice versa. Paragraph headings are for convenience of reference only and are not intended to have any effect in the interpretation or determining of rights or obligations under this Note. Signed on 10/01/2011 (1) Borrowers Name ___Kim Anh Tran__________________________ (2) Lender Name _____Kim Pham________________________

Film Analysis of King Kong Produced by Merian C. Cooper Essay examples

Film Analysis of King Kong Produced by Merian C. Cooper A classic adventure-fantasy film in the earlier talking films is King Kong (1933). King Kong was conceived by director/producer Merian C. Cooper. Cooper tells the story of an attractive blonde woman and a frightening gigantic ape-monster who are immersed in a Beauty and the Beast type tale. A major section of the film is the struggle on Skull Island between the filmmakers, the islanders, and the other resident of the island. The other resident being a mutant creature who must also fight civilization when it is brought to New York City for display. From the beginning of the movie, its screenplay by James Creelman and Ruth Rose foretells the coming terror. The film included many revolutionary technical innovations for its time, and some of the best stop-action animation ever sequences and special effects (by Willis O'Brien) ever captured. King Kong was a film with many wonderful sound and cinematic techniques. The filmed contained a dramatic musical score, which helped set the mood of the film. The sound effects were also unusual for films of its time. The director used different animal’s sounds to create Kong’s voice. The narrative of the story was one that was of interest of movie goes. In King Kong the story unfolds pretty directly in front of you so there is not a lot of confusion. To me the film is a montage not mise-en-scene. The story is told in a straightforward manner that doesn’t s...

Data Collection †Business Research Essay

Introduction The experience of focus group and semi-structured interview were gained during my data collection research. I conducted one focus group and one semi-structured interviews, due to participants time limit and busy schedule I was not possible to conduct more interviews. I have designed the interview procedure including questions prepared for each interview to capture different group and individual. I have given participants consent form to sign and ask for their permission to audio tape recorder, simultaneously I was taking note. This type of interview was more suitable for my data collection research because it allowed face to face assurance and explanation of the importance, aim, and necessity of the research. I have enjoyed the interview exercise and my learning reflection about data collection process is addressed below. How well did the research instrument address the research questions and meet the goals of the study? Using focus group and semi-structured interview instruments to collect data helped keeping track of what I observed and how to analyse it. Methods of recording information gathered during focus groups and interview for collecting unbiased information have helped to gain credibility as an accurate and useful source of information collection. Focus group and semi- structured interviews were effective in communicating a desire to obtain meaningful and honest information, both instruments were well designed that helped the conversation develop in line with my research questions. I was able to use technique for collecting data as a combination of an audio tape recorder and note taking which allow me to capture all of the essential information in an unbiased manner, I was also able to capture nonverbal behaviour of group participants, i.e. reactions of other participants after a participant statement may indicate consensus or disagreement. Both instruments are valid and reliable in collecting data, and questions and observations accurately assess what I want to know. What specific advantages and disadvantages can you see from using this particular method? Semi-structured individual interviews are more efficient than focus groups and interviewers are typically able to cover more ground interviewing one person versus a group. While focus groups may actually get less information than one hour individual interview, the dynamic interchange between the group members may result in more in depth and unbiased information concerning a particular topic. A potential weakness of focus groups may occur when members do not express their personal opinions and conform to a popular opinion or agree to a particular group member. In semi-structured interview there is no significant time delay between question and answer, the interviewer and interviewee can directly react on what the other says or does. An advantage of this communication is that the answer of the interviewee is more spontaneous, without an extended reflection. But due to this type of communication, the interviewer must concentrate much more on the questions to be asked and the answers given. Especially when semi-structured interview list is used, and the interviewer has to formulate questions as a result of the interactive nature of communication. Interview also has the advantage that the interviewer can make more use of a standardisation of the situation. On the other hand this type of communication of time and place can bring with it a lot of time and costs. Social interaction in the focus group provides more free and complex answers, interviewer can ask for clarification, problems as to whether the group represents a larger population and difficult to assemble the group. What issues did you face in data collection and compilation? In my situation, I needed to obtain an appropriate permission or approval to collect information from the senior management of the company I have done my research on. I had to allow time to work through the proper channels and it was stressful process to know whether they will provide me with an approval to conduct my interviews and collect data. One of the problems encountered by me was the limited time allocated as the questionnaires were process oriented and it took time to complete some of the questionnaires while each interview was allocated 45 minutes only, in addition, the geographical location of the company was presented a difficulty as I had to travel more than 30 minutes to reach the company’s premises. I had to visit the company twice to conduct a focus group with one team and a semi-structured interview with another team manager. I believe there is no issue in data integrity or accuracy that was provided to me by the team during both interviews. However, compilation of data has been time consuming process due to documenting all notes taking as well as referring to the audio tape recorder to ensure that I haven’t missed anything out. I did not encounter any non-response or outright refusal from the participants. The response from the leaders and officials was also encouraging. How would you change the research instrument based on the data you collected? I believe the answers I have got are as good as the questions I asked, I may need to expand on my research instruments techniques and get the best answers that fit my questions, or follow formative research process that will help me think through which questions I want to ask of which people. For example, asking good questions of the wrong people or asking the right people bad questions will provide me poor and unusable results. Even if focus group and semi-structured interviews are the best method for collecting my data, I will consider changing how to do them, collecting the best data possible is to separate research instruments into smaller rounds instead of trying to get all answer for the questions at once. Later rounds can build on information from earlier rounds. For example, I would use one round of the interview to help me determine a target group, understand their roles, skills and knowledge around using systems and processes and then a second round to investigate more deeply into the group’s thoughts and feelings. What lessons have you learned about collecting data? I believe collecting data for this study or MRP research is way more stressful than other data collection I have experienced. First of all, the stakes are higher, if I don’t get it right I will continue to be in purgatory. All what I needed is to hear from my potential participants about whether they are participating in my research study. I got tons of questions from the senior management asking details of the research study and proposal. This, however, does not mean that they are going to participate in my study. So, I had to be very careful about how I answer their questions and how to interact with them. I learned to be always prepared to get tones of questions. I also had to send my participants a reminder about the date and time of the interviews and accommodate them, otherwise they will forget as they are busy people. I learned to keep my spirit high, and I needed to remind myself that things are going to be OK. I needed to continue providing information, checking in, reminding, answering questions, sending e-mails, making phone calls, and running my research study with a smile on my face. Even though I was exhausted, tried to keep my energy high, and didn’t let my participants feel the stress I felt inside. At the end, I was grateful to have each and every participant I had and enjoyed the experience with them. And finally I learned to be patient, collecting data is a slow process and I was focusing on how to achieve the big goal of interviewing participants and collecting data, while I forget to pay attention to what I achieve everyday towards getting my data collection complete. What thoughts do you have about the importance and relevance of your project based on the data collection experience? Data collected during the focus group and interview is adequate to be analysed for my process improvement project purpose and to make decisions about important issues. I will be able to present findings and analysis based on data collected from interviews and that subsequent decisions based on arguments embodied in the findings are valid. Data collection process will help my project identifying area for improvements, analysing and assessing the importance of systems and processes. Quality and type of data play a vital role in supplying objective information for the problems in process improvement project so that some analytical understanding of the problems and hence solutions can be obtained. Making decision on the basis of poor quality data is risky and may lead to disastrous results. My project requires data that is valid and reliable, and in this study data was collected using a variety of research methods, such as interview and focus group were participants debriefed to ensure interpretive validity in order to determine if data was being interpreted correctly.

25 Adverbs That Get an A

25 Adverbs That Get an A 25 Adverbs That Get an â€Å"A† 25 Adverbs That Get an â€Å"A† By Mark Nichol You already know many adverbs that start with a-, a prefix that can mean, among other things, â€Å"on† (aboard) â€Å"in a state† (asleep), or â€Å"in a manner† (aloud). Here’s a roster of some of the lesser-known words in this class, many of which inspire vivid imagery, evoke an archaic or rustic tone, or conjure an amusing tableau, perhaps all at once: 1. Aback (â€Å"surprised†; usually employed in the phrase â€Å"taken aback† in a passively constructed sentence): â€Å"She was taken aback by his vehemence.† 2. Abaft (â€Å"at or toward the stern†): â€Å"They found the drunken sailor abaft, sleeping in a lifeboat.† 3. Abed (â€Å"in bed†): â€Å"He found his friend abed, felled by a high fever.† 4. Ablaze (â€Å"on fire†): â€Å"As they had feared, the shed was ablaze, the flames lighting the night sky.† 5. Afar (â€Å"at a distance†): â€Å"From afar, they descried the outline of a magnificent castle.† 6. Afield (â€Å"on the field,† â€Å"away from home,† or â€Å"lost†): â€Å"The absentminded fellow, engrossed in a scholarly volume, soon found himself far afield.† 7. Afire (see ablaze) 8. Aflutter (â€Å"agitated,† or â€Å"flapping†): â€Å"The ladies were all aflutter at hearing the stranger’s vivid imprecations.† 9. Afoot (â€Å"on foot,† or â€Å"under way†): â€Å"The conspirators, he noticed as he watched them sneak away from the house, were already afoot.† 10. Afresh (â€Å"again†): â€Å"Invigorated by the contents of the flask, we strode off afresh.† 11. Agape (â€Å"gaping,† or â€Å"exhibiting wonder†): â€Å"We stood staring at the spectacle, mouths agape.† 12. Aghast (â€Å"shocked†): â€Å"She stood aghast, rendered speechless by the destruction we had wrought.† 13. Agog (â€Å"eager†): â€Å"We kids were of course agog with excitement, for it was Christmas morning.† 14. Apace (â€Å"quickly,† or â€Å"keeping up with†): â€Å"The children kept apace with the marching band.† 15. Aright (â€Å"correctly,† or â€Å"in proper orientation†): â€Å"We set the fallen statue aright.† 16. Askance (â€Å"sideways,† and, by association, â€Å"with suspicion†): â€Å"Doubtful of the newcomer’s motives, she looked askance at him.† 17. Askew (â€Å"out of line,† or â€Å"disheveled†; the root word is skew, â€Å"oblique, slanted†): â€Å"His coat hung askew on his shoulders.† 18. Aslant (â€Å"at a slant,† â€Å"oblique†): â€Å"The sun’s rays struck the wall aslant.† 19. Aslope (â€Å"sloping,† or â€Å"slanting†): â€Å"The poorly erected tent tottered aslope under the tree.† 20. Astir (â€Å"active,† or â€Å"out of bed†): â€Å"She found the children, excited about the day’s celebration, already astir in their room.† 21. Astride (â€Å"with legs apart or on each side†): â€Å"He stood with his legs astride the struggling figure.† 22. Asunder (â€Å"apart,† or â€Å"in parts†): â€Å"The parchment had been rent asunder, and they painstakingly pieced it back together.† 23. Athwart (â€Å"obliquely across,† or â€Å"erroneously† or â€Å"unexpectedly†): â€Å"The rifle lay athwart the seat of the rowboat.† 24. Atilt (â€Å"tilted,† or, from tilt as a synonym for joust, â€Å"armed with a lance†): â€Å"The clumsily mounted knight charged, atilt in more than one sense.† 25. Awry (â€Å"turned† or â€Å"twisted,† or â€Å"other than correct or expected†): â€Å"To their dismay, they found that their plot had gone awry.† 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 Vocabulary category, check our popular posts, or choose a related post below:100 Exquisite Adjectives"Latter," not "Ladder"10 Tips to Improve Your Writing Skills

Chemistry Essays

Chemistry Essays Chemistry Essay Chemistry Essay Name Date Class ORGANIZING THE ELEMENTS Study Packet Objectives * Explain how elements are organized in a periodic table * Compare early and modern periodic tables * Identify three broad classes of elements Vocabulary * periodic law * metals * nonmetals * metalloids Part A Completion Use this completion exercise to check your understanding of the concepts and terms that are introduced in this section. Each blank can be completed with a term, short phrase, or number. 1 7 2 10 9 8 6 5 4 3 Chemists used the _______ of elements to sort them into groups. The periodic table organizes the elements into vertical _______ and horizontal _______ in order of increasing _______. The table is constructed so that elements that have similar chemical properties are in the same _______. _______ have a high luster, or sheen, when cut. Most nonmetals are _______ at room temperature. Elements with properties that are similar to those of metals and nonmetals are called _______. Across the periodic table, the properties of elements become _______ metallic and _______ nonmetallic. 1. 2. 3. 4. 5. 6. 7. 8. 9. 0. 1 Name Date Class Part B True-False Classify each of these statements as always true, AT; sometimes true, ST; or never true, NT. 10. In his periodic table, Mendeleev arranged the elements in order of atomic number. 11. There are six periods in a periodic table. 12. Most of the elements in the periodic table are metals. 13. The elements within a period have similar properties. Part C Matching Match each description in Column B to the correct term in Column A. Column A 14. metals 15. periods 16. group 17. nonmetals 18. metalloids

Case study analysis of Ready Meals The WritePass Journal

Case study analysis of Ready Meals 1. Before and After Status of Ready Meals Case study analysis of Ready Meals 1. Before and After Status of Ready Meals2) Operation Management Laws and Theories and Cause Effect Relationships:3) General Advice:BibliographyRelated 1. Before and After Status of Ready Meals Ready Meals (RM) are a freshly prepared meals supply company with a major grocery retailer Strutt within its customer base. Strutt had previously employed a central ordering system that disregarded uncertainty and volatility factors in customer demand, where uncertainty is critical when designing any operational model. Koh (2004) defined it as the unpredictable event that has a disturbing impact on production and operations and causes model predictions to be different from reality. RM faced high demand, variability and uncertainty. On a weekly basis demand varied by 10 to 25% and, at times, exceeded 50%. The company had difficulty dealing with Strutt, which often charged them financial penalties in case of wastage or ill-timed supply. Variability and uncertainty has an impact on optimal safety stocks and lead times (Molinder, 1997). In the old system: Due to demand fluctuations orders were calculated sometimes two days prior to dispatch which extended supply lead time. A lot of sauce would go wasted due to demand variations. Trade-offs and buffering mechanisms were employed to solve volatility and uncertainty issues (Wazed, Ahmed and Yusoff, 2009). In the old system, a buffering mechanism changed working hours unannounced, which disappointed the employees and increased costs. Due to a central material requirement planning system (MRPS), impact of uncertainty was passed to suppliers. The orders were based on a provisional order because of required lead time. If the original/provisional order was low, the suppliers were pressurised for an urgent order. There was no mechanism to avoid wastage or stock from exceeding planned replenishment when the provisional order was higher. To increase availability of stock, the company had to either change the days in system or the planned coverage level. The former increased wastage risk, whilst the latter equated three times higher change in overall stock. The company needed a better designed system that addressed the weaknesses of the existing one. After implementing the new system: Because of the adjustment, it became possible for season and weekly schedules to be set and the uncertainty in demand was greatly reduced which lead to timely supplies and fewer penalties. The shelf –life of products for Strutt was increased by dispatching orders early and on production days. The quantities packaged were according to requirements of stores by specifying location of delivery depot two days prior to despatch. This further helped avoid delays in shipment. The wastage rate of the company was effectively reduced. This lead to an eradication of the requirement to use the annualised hours buffering mechanism. The suppliers were also able to deliver more efficiently according to demand. The overall impact was a 90% increase in the company’s products in stores. 2) Operation Management Laws and Theories and Cause Effect Relationships: The case of RM showed that in the old system, the company mostly followed the traditional operational management laws and theories. The old system was based on a trade-off model in which companies often compromise quality for cost minimisation. Ferdows and De Meyer (1990) theorised that in order to achieve cost efficiency, focus of management should first focus on quality, dependability and then flexibility of production. This cause and effect relationship can be seen within the new system employed by RM. In the new system, the focus of the company was not cost, but on quality, by increasing shelf life of products. Allowing for delivery order two days earlier, the company sanctioned dependability as well as flexibility. This meant that the penalties were effectively removed as well as the wastage. The new system can be said to be based on a just-in-time model (Ohno, 1998). According to the just-in-time concept, materials or parts are delivered when they are needed. This leads a reduc tion in wastage and no inventory. Regarding variability and use of trade off buffering, Hopp Spearman (1995) said that increases in variability decreases the performance of the system and it can only be buffered using capacity, time and inventory. Â  This was a traditional concept and the old system worked according to it. To deal with variability, the company used a capacity buffer (annualised hours for labour). This helped in dealing with variability but resulted in low morale among employees, thus low performance and an increase in costs. Fisher (1997) suggested the modern theory of accepting the uncertainty. According to him, uncertainty and variability are natural in products and adjustments have to be made in the production system to deal with them. Uncertainty can be avoided or reduce by increasing flexibility of supply chain and by cutting lead time. For hedging excess capacity or inventory, buffers can be employed. The new system accepted the uncertainty as they made adjustments for seasonal variations. Fu rthermore, dispatching on production day decreased lead time and such steps reduced the impact of uncertainty. The company, however, reduced the capacity buffer and was able to increase its availability by 90%. This is in accordance with the findings of Schmenner and Swink (1998) who gave a view that buffers should be avoided and when variations are reduced, the companies should avoid buffering for improved flow. This was found to be true in the case of RM. The company did have to use annualised hours or labour productivity buffers. This resulted in reduced costs and the performance of the company improved. 3) General Advice: On the basis of the RM case analysis, it is recommended that the company should accept uncertainty and volatility and make system adjustments accordingly. The buffer mechanisms, may appear effective at first, but the acquisition of an optimal level in trade off seems difficult therefore the company should try to find some other way to tackle this issue and rely less upon the trade-off buffering. For instance, fluctuations in demand can be dealt with by making the system more dependable and flexible. Bibliography Ferdows, K. and De Meyer, A. 1990. Lasting improvements in manufacturing performance: in search of a new theory, Journal of Operations Management, (9)2, pp.168-184. Fisher, M.L. 1997. What is the right supply chain for your product? Harvard Business Review, March-April, pp.105-116. Hopp W.J., and Spearman, M.L. 1995. Factory Physics, Singapore: McGraw Hill. Koh, S.C.L. 2004. MRP-controlled batch-manufacturing environment under uncertainty, Journal of the Operational Research Society, 55, pp.219-232. Molinder, A., 1997. Joint optimization of lot-sizes, safety stocks and safety lead times in an MRP system, International Journal of Production Research, 35(4), pp. 983-994. Ohno, T. 1988. The Toyota Production System; Beyond Large-Scale Production, Portland: Productivity Press. Schmenner, R.W., and Swink, M.L. 1998. On theory in operations management, Journal of Operations Management, 17, pp. 97-113. Wazed, M. A., Ahmed, S. and Yusoff, N. 2009. Uncertainty Factors in Real Manufacturing Environment, Australian Journal of Basic and Applied Sciences, 3(2), pp. 342-351.

Real Estate Essay Example | Topics and Well Written Essays - 500 words - 1

Real Estate - Essay Example This exercise has two aims. One is to see whether my house will fetch a goof price in the market so that it can be bought by any of the young people searching for homes. If a good price is offered, then the proceeds of the sale can be used to buy a better house. My house is a two bed-room one and its floor area is approximately 1700 square feet. The above mentioned aim does not seem to be feasible since land prices across the country have fallen due to the recession that has hit the country. I had contacted a builder on the premise of wanting a new home. He said that the Charlotte market like most places in the country has become a buyer’s market and the prices had crashed since the start of the depression. He also directed me to a website to verify what he had said. It appears that the situation was far from satisfactory to a seller and very satisfactory to buyers. According to the website, the current square foot price as of March 1st, 2009 was only $95 for homes in Charlotte. This had fallen to the current level from a high of nearly $185 in July 2008. (Real Time Market Profile for Charlotte). According to the above figures the value of my home would be as follows In such a scenario, it will be worthwhile to compare prices if one wants to buy a ready made house or construct one instead. A search with an agent also shows that prices are low. It shows that three bed room houses are available in the market for at only slightly higher price than what was seen in my valuation. Prices of two and three bed room independent houses with similar or higher square feet are available at prices ranging from $165,000 to $169,000. One particularly attractive house with 1,800 square foot and having three bedrooms and two baths was available for 168,000 dollars. This means that the square foot price of the home was about 93 dollars per square foot. This comes to less than the market price as on March 1st

Will early years education and social policy positively influence the Essay

Will early years education and social policy positively influence the childhoods of kids living in Britain today - Essay Example Basically, education is a right necessitating that this be available to all the constituents of a country. However, despite education being a constitutional right, there are many governments, most especially from the developing economies that have failed to protect this very important heritage for their nation’s children. Anker (2005) laments about the plight of these children who needs to work in order to survive. Indeed, most of these children have to shoulder the heavy household chores after getting off whatever work that they may have to earn some money. However, as an advanced economy, Britain must ensure that its policies and legislation do not fall into this trap. It is important that the state is able to defend this right. However, it must be noted that the state alone should not shoulder this responsibility but must be proactively shared with the parents. Moreover, it has been argued by Tickell (2011) that there must be an increased awareness of the importance of interaction with the children as well as the need to ensure that there is a better way to facilitate the understanding of such procedures. This can only be possible with the cooperation of the state and parents in the sense that the parents must know about their children’s development coupled with the capability of the governments to provide manpower and resources to cater to these developmental needs. Childhood Recognised As an advanced economy, British children have usually benefited from the government since they are usually valued more on the emotional rather than on the economic spectrum. This has been the traditional view of these countries that have historically been the richer nations. Hence, it is important that these countries are able to maintain their status and not be influenced by the practises that are prevalent in the developing nations (Zelizer, 1994). It is thus easy to see that childhood has been viewed by the different nations which, as mentioned, seem to have a clear demarcation line between developing and developed nations. These views have evolved throughout the years as civilization has progressed. As civilization progressed, there has likewise been an increasing crevasse between adulthood and childhood wherein they have been relegated to a social position that has to be protected and even punished (de Mause, 1976; Orme, 2001). Moreover, it has been stresse d by Cunningham (2006) and Gittins (1998) that the culture in Britain that takes a stand against child labour wherein they are against children starting their work early. Moreover, way back in the 16th century, they have had the practice of teaching children found begging of some useful artisan skills by getting them as apprentices. Indeed, there has been a historical inclination towards Puritanism that has put in a regime of strictness to children valuing education and regarding play as wasteful. This is probably where the belief of governments to view children as investments spawned from. Basically, children will be the ones that will lead the nation in the future and will be the ones that will continue the heritage of their forefathers. Hence, it has been deemed important that children be invested upon by the government wherein education plays crucially in order to foster a more globally capable citizenry (Hendrick, 2003; DfES, 2008). Furthermore, Hendrick (1997) recognises the v ariation of the discussions on childhood depending on the cultural development of the country. In most western nations, which include Britain, focuses on protecting and educating their children. Hence, it is very important that in Britain there are policies in place so that the children will be protected. It has then been a strong focus in these countries in order to foster the idyllic childhood for their children. Of course

The Measure Stage -- General Electric Coursework

The Measure Stage -- General Electric - Coursework Example These are correct transactions and customer complaints. The number of correct transactions can be automatically withdrawn from the company’s system whereas the number of customer complaints can be obtained from customer feedbacks and recorded complaints during sale or after sale of company goods and services. For the ten months from February to November, the number of customer complaints was identifiably more than the number of incorrect transactions for each month. For this reason, the team should focus on improving issues that arise during customer complaints. This is because this section recorded the highest values every month when measured against the number of incorrect transactions. General Electric Company’s inability to assure its customers of utter satisfaction comes as a result of the high number of customer complaints. This is evident from the graph in the process baseline estimation section above. This is an indication that stringent measures ought to be taken in order to curb customer complaints within the company. The mission of this project, as indicated in the define stage of this project, is the improvement of General Electric company’s six sigma with the aim of ensuring utter customer satisfaction. For this reason, the data collected in the process baseline estimation section above supports the purpose of the project. The data, therefore, shows that there certainly is room for performing better as far as ensuring utter customer satisfaction is

Discuss the Nervous system in human and how it affects the behaviour Essay

Discuss the Nervous system in human and how it affects the behaviour of human - Essay Example In this paper we will discuss the structure and functionality of this magical machine. We will also discuss how it controls the human behavior. The central nervous system consists of brain (Fig 3) and spinal cord, which are both protected in three ways. Cranium, which is a part of skull, protects the brain and neural arches of vertebrae column protect the spinal cord. The brain and spinal cord are also protected by triple layers of meninges. The cerebrospinal fluid, similar in composition to blood plasma, bathes the neurons of brain and spinal cord and it cushions against the bumps and jolts. Both brain and spinal cord are hollow. The spinal cord has central canal and brain has many cavities filled by CSF, which is also present between the meninges. The brain can be divided into forebrain, midbrain and hindbrain. Forebrain is further divided into three functional parts, the thalamus, the limbic system, and the cerebrum. Thalamus carries sensory information to the limbic system and cerebrum. The information includes sensory input from auditory and visual pathways, from the skin and from within the body. The limbic system is located in an arc between the thalamus and cerebrum. Limbic system works together to produce human’s most basic and primitive emotions, drives, and behaviors, including fear, rage, tranquility, hunger, thirst, pleasure and sexual responses. Portion of limbic system is also important in the formation of memories. The limbic system consists of hypothalamus, the amygdale, and hippocampus, as well as nearby regions of cerebrum. The hypothalamus through its hormone production and neural connections acts as a major coordinating centre controlling body temperature. Hunger, the menstrual cycle, water balance, the sleep-wake cycle etc. Hippocampus plays an important role in the formation of long term memory, and thus is required for learning. Cerebrum is the largest part of the brain and is divided into

Fashion and style in United States Essay Example | Topics and Well Written Essays - 1500 words

Fashion and style in United States - Essay Example The essay "Fashion and style in United States" explores the style and trends of fashion in the United States. The United States of America experienced varied trends in fashion over the years. In the twentieth century, the United States of America accepted African American rights as resettled into a mostly Caucasian culture, mixing the two cultures which affected fashion and the Afro got seen in mainstream America in the latter 1960s. For example, James Brown influenced afro to be a fashion statement by recording the song â€Å"Say It Loud-Am Black and Am Proud†. This got reinforced by its use in the novel and film The Commitments used statements of James Brown song in 1987 . Film and novel are forms of media that disseminate fashion. Media an especially magazine such as Flaunt portrayed American standard of life has being exceptionally high, therefore, leading the world in life and style. Many people in other countries who lead magazines and watched American films tried to cop y those fashions. American magazines and films in other countries contributed to fashion development . This has happened and happens now through; films, news and radio that have taken the influence of American culture and fashion to other regions of the world. The books and websites referenced in this essay give a clear insight into the media’s role in fashion. However, it is the printed and visual media that chronicled and advertised the changes in trends and fashions. Therefore, they must be held responsible for its dissemination. of  fashion  through America and elsewhere6.  Every decade saw  new  changes in trends of  fashion  in the United States of America. The style and  fashion  changes significantly affected the lifestyles people. The media, for example,  film  changes people’s thoughts, their talks, their behavior and  fashion  changed. For instance, The Commitments film made many African Americans  maintain  the Afro hairstyle7. Many people after the World War II lived in the United States  hence  acquiring the  fashion  and  culture. The media were the first to ensure that people got the information about  culture  and  style8. Media Media is a  broad  name for a system of tools that  are used  to communicate ideas and information over vast distances. Media can be used to  disseminate  fashion ideas and information over to many people at once. Magazine publications and films  are distributed  over large geographical locations, therefore, reaching many people at once. There are two broad classifications of media these are broadcast and print media. In broadcast media information  is transmitted  electronically, for example, in radio, television and film. Print media  alternatively  uses  physical  method  like a  newspaper  to  transmit  information. For instance, an individual may  hand  out leaflets (printed media), therefore; a few people  seeà ‚  the  information. Another person may also  put  up billboards across America so that many people see (more effective  mass  media). Media can be also be classified into  print, digital and photography. Photography spreads information in

Company Analysis of T-mobile Research Paper Example | Topics and Well Written Essays - 250 words

Company Analysis of T-mobile - Research Paper Example This year, the company acquired MetroPCS which was one of its rival companies (Coll 78). Anyone expects T-Mobile to be doing well in the market considering its investments and plans but this is not the case. In the recent past, the company has been experiencing a number of issues to the extent that spinning off looks a possibility. This situation was not expected considering how good the company was fairing in the market like the recent upgrade of its 3G wireless network, launching of new smartphines, hot marketing and its plans and strategies being of low-cost(Coll 102). Most analysts associate this situation with its parent company in Germany, Deutsche Telkom, which happens to be afraid of taking risks and is also conservative thus mirroring the operation of the company. Considering also the government owns 30% of the company, it controls the operation of the company restricting its operation (Coll 50). A good example is the latest case where the Deutsche Telkom considered a merger with its unit in US, explore an IPO or spin off, but the German carrier turned down the report (Coll 34). Despite the large number of customers T-Mobile enjoys in U.S, it reported a loss of approximately 77, 000 customers as its rivals the AT&T and Version gained millions of wireless customers (Coll 82). This implies that the company is not growing the way it is expected to. The millions of dollars that were invested in upgrading 3G network as well as its smartphones subsidies cannot be justified. Its network has also been regarded as being inferior in comparison to other wireless companies such as Sprint, Verizon and AT&

Discuss the Nervous system in human and how it affects the behaviour Essay

Discuss the Nervous system in human and how it affects the behaviour of human - Essay Example In this paper we will discuss the structure and functionality of this magical machine. We will also discuss how it controls the human behavior. The central nervous system consists of brain (Fig 3) and spinal cord, which are both protected in three ways. Cranium, which is a part of skull, protects the brain and neural arches of vertebrae column protect the spinal cord. The brain and spinal cord are also protected by triple layers of meninges. The cerebrospinal fluid, similar in composition to blood plasma, bathes the neurons of brain and spinal cord and it cushions against the bumps and jolts. Both brain and spinal cord are hollow. The spinal cord has central canal and brain has many cavities filled by CSF, which is also present between the meninges. The brain can be divided into forebrain, midbrain and hindbrain. Forebrain is further divided into three functional parts, the thalamus, the limbic system, and the cerebrum. Thalamus carries sensory information to the limbic system and cerebrum. The information includes sensory input from auditory and visual pathways, from the skin and from within the body. The limbic system is located in an arc between the thalamus and cerebrum. Limbic system works together to produce human’s most basic and primitive emotions, drives, and behaviors, including fear, rage, tranquility, hunger, thirst, pleasure and sexual responses. Portion of limbic system is also important in the formation of memories. The limbic system consists of hypothalamus, the amygdale, and hippocampus, as well as nearby regions of cerebrum. The hypothalamus through its hormone production and neural connections acts as a major coordinating centre controlling body temperature. Hunger, the menstrual cycle, water balance, the sleep-wake cycle etc. Hippocampus plays an important role in the formation of long term memory, and thus is required for learning. Cerebrum is the largest part of the brain and is divided into

Company Analysis of T-mobile Research Paper Example | Topics and Well Written Essays - 250 words

Company Analysis of T-mobile - Research Paper Example This year, the company acquired MetroPCS which was one of its rival companies (Coll 78). Anyone expects T-Mobile to be doing well in the market considering its investments and plans but this is not the case. In the recent past, the company has been experiencing a number of issues to the extent that spinning off looks a possibility. This situation was not expected considering how good the company was fairing in the market like the recent upgrade of its 3G wireless network, launching of new smartphines, hot marketing and its plans and strategies being of low-cost(Coll 102). Most analysts associate this situation with its parent company in Germany, Deutsche Telkom, which happens to be afraid of taking risks and is also conservative thus mirroring the operation of the company. Considering also the government owns 30% of the company, it controls the operation of the company restricting its operation (Coll 50). A good example is the latest case where the Deutsche Telkom considered a merger with its unit in US, explore an IPO or spin off, but the German carrier turned down the report (Coll 34). Despite the large number of customers T-Mobile enjoys in U.S, it reported a loss of approximately 77, 000 customers as its rivals the AT&T and Version gained millions of wireless customers (Coll 82). This implies that the company is not growing the way it is expected to. The millions of dollars that were invested in upgrading 3G network as well as its smartphones subsidies cannot be justified. Its network has also been regarded as being inferior in comparison to other wireless companies such as Sprint, Verizon and AT&

1848-9 Italian Revolutions Due to the Intervention of Foreign Powers Essay Example for Free

1848-9 Italian Revolutions Due to the Intervention of Foreign Powers Essay The revolutions of 1848-9 failed because the foreign powers were too powerful and were easily able to overpower them to stop the revolutions. In 1848, there was an uprising in Palermo, Sicily. This is because King Ferdinand refused to set up a provisional government. This spurred on uprisings in Naples by the secret societies, which forced King Ferdinand to make concessions. This lead to King Ferdinand introducing a parliament but its power was very limited. In Lombardy, Austrian rulers refused to give in to and grant a reform. The Milanese stopped smoking in protest, this affected Austria as they collected the revenue from the cigarettes that were sold. This lead to demonstrations taking place in Venice demanding the release of Manin. Once Manin was released he declared a Venetian republic in Venice. As a result, Grand Duke Leopald granted a conservative constitution in Tuscany. Metternich resigned over the demonstrations for reform in Vienna, and in the same month, King Ferdinand was announced to be no longer then king after the Sicilian elections. After the battle in Milan, where Radetzky withdrew his troops, there was a political vacuum. A provisional government was formed, and they asked for Charles Albert for protection. In the same month, Charles Albert introduced the Statuto in Piedmont, which lead to a constitutional monarchy. Charles Albert saw that Lombardy was available for annexation, so he declares war on Austria and invades Lombardy, where by troops from all over Italy join him. The Pope grants a limited constitution, which lets all Italian Catholics know that he is ok with them helping Charles Albert invade Lombardy. However in April the Pope issues an Allocution condemning the war, as he saw Charles Albert as an aggressor that did he did not support a united Italy. This lead too many soldiers turning back from the war as they did not want to go against the Pope, as it would be going against their religious beliefs. In May, Charles Albert took Peschiera, however a French army amassed on the border. Radetzky persuades Austria to fight for Lombardy. This lead to Charles Albert being dispelled from Lombardy. In November, a new PM, Rossi, was appointed in Austria, this puts a stop to any hopes of making any territorial claim to Piedmont. This lead to Austria taking back control of Lombardy. Also, November Rossi was murdered, which lead the Pope to flee the Papal States, which in turn leads to a revolutionary government, led by Galletti. So in 1848, all Italian states apart from Lombardy were under a new government. This would not have happened if it wasnt for Austrias power and control over the states. Similarly in 1849, Austria kept their power over the Italian states. In the Papal States, the parliament met for the first time. Mazzini was welcomed back to Rome, and told to choose 2 people to run Rome with him. Meanwhile Charles Albert was encouraged to try to overthrow Austrian power in Piedmont. However Radetzky crushed Piedmont at Novera. Charles Albert resigned and Emmanuel II was appointed king. The French sent an army to crush Roman Republic in the Papal States; though Garibaldi blocked the French troops for 2 months, at the same time Leopald returned to Tuscany after Charles Alberts defeat. By June 1849, the French had 20,000 troops in Rome. This lead to Garibaldi Fleeing to San Marino, and Mazzini to London. In August the Main and the Venice republic surrendered to Austrian control. A piece treaty was also signed by Piedmont, which left them embarrassed. This showed that Austria could not be defeated without foreign help. In conclusion the failure of the revolutions was due to the interventions of foreign powers, because without Austria none of the Italian states would have been able to regain control of their governments and take back the power. However it was not due to the intervention of foreign powers, as it would have needed the help of foreign help to overthrow Austria to gain absolute control over Italy.

Ophthalmoplegic Migraine Paediatric Oculomotor Schwannoma

Ophthalmoplegic Migraine Paediatric Oculomotor Schwannoma Corresponding Author: Dr.R.Subasree Title : Ophthalmoplegic Migraine and Paediatric Oculomotor Schwannoma: Cause or Co-Incidence? Structured Abstract: Objective: To report a case of Ophthalmoplegic migraine with Pediatric Oculomotor Schwannoma which is very rare. Methods: A 16 year old boy admitted as inpatient at our tertiary referral centre and University hospital in South India, with history of recurrent headaches and oculomotor palsy of 14 years duration was evaluated in detail to rule out posterior fossa, orbital fissure, parasellar lesions, granulomatous disorders and aneurysms. Results: Initial CT Brain revealed a nodular non-enhancing lesion in the interpeduncular cistern, MR Imaging along with CISS 3D sequence done two years later after CT, revealed a small enhancing nodular lesion at the level of midbrain in the interpeduncular cistern at nerve exit level suggestive of schwannoma of third nerve. Practice: Patient was treated with analgesics, nimodipine and valproate with which there was a partial response. During his subsequent 2 year follow-up, his frequency and severity of attacks had reduced. Conclusion: Oculomotor nerve schwannomas are extremely rare. Only 12 children under the age of 18, without neurofibromatosis have been sufficiently documented. The coexistence of OM and Oculomotor schwannoma suggests that it is not a coincidence. Awareness and suspicion is required to identify cranial cephalalgia /OM and it warrants thorough investigation to rule out intrinsic lesions mimicking OM. Implications. Controversies exist till date regarding etiology, pathophysiology, imaging findings and management guidelines of OM. The rare association reported in our report gives insight into better understanding of the pathophysiology and clinico-radiological correlations in OM. Keywords: Ophthalmoplegic migraine, Oculomotor Schwanomma Introduction Ophthalmoplegic migraine is very rare with annual incidence being 0.7 per million. It most often occurs in infancy or childhood. There are recurrent attacks of headache in association with ophthalmoplegia due to paresis of cranial nerve III, IV, or VI .The episodes of ophthalmoplegia may persist for several hours to several weeks, months, or permanently. Most often it is self-limited condition. Ophthalmoplegic migraine is also recognized as a cranial neuralgia according to 2004 edition of the International Classification of Headache Disorders. [1] .Paediatric Oculomotor Schwannoma is extremely rare and it can mimic OM. We describe a young boy with recurrent ophthalmoplegic migraine and oculomotor schwannoma in MR imaging. Clinical Observation A 16 year old boy presented with history of left hemicranial headache of 14year duration. The headache was throbbing, severe associated with drooping of left eye, blurring of left eye vision, photo-phonophobia, nausea and vomiting. The frequency of attacks was around 15 per month each lasting for 3-48 hours. During the attack, he was found to have left sided ptosis, poorly responsive normal sized pupil and mild left elevation and adduction restriction. (Figure 1).There was persistent residual vision loss in left eye with acuity of 6/60. Fundus was normal. There were no other deficits. Investigations were carried out to rule out posterior fossa, orbital fissure and parasellar lesions. Initial CT Brain revealed a nodular non-enhancing lesion in the interpeduncular cistern , MR Imaging along with CISS 3D sequence done two years later (Figure 3a, 3b) revealed a small enhancing nodular lesion at the level of midbrain in the interpeduncular cistern at nerve exit level suggestive of schwannoma of third nerve. MR Angiography was normal. (Figure 3c). Patient was treated with analgesics, nimodipine and valproate with which there was a partial response. Steroids were not administered. During his subsequent 2 year follow-up, his frequency and severity of attacks had reduced. Paediatric Oculomotor Schwanomma is present as painless oculomotor deficit or may be asymptomatic and detected incidentally. Its presence with OM poses a question whether it was a mere coincidence or the cause of OM. Discussion: Ophthalmoplegic migraine is a rare distinct neurologic syndrome characterized by recurrent headache and ophthalmoplegia. The third cranial nerve is most commonly affected. Most patients recover completely within days to weeks, but a minority are left with persistent neurologic deficits. [1] .As per the International Classification of Headache, ophthalmoplegic migraine is defined as at least 2 attacks of ‘‘migraine-like’’ headache followed within 4 days by paresis of the third, fourth, and/or sixth cranial nerves, including ophthalmoparesis, ptosis, or mydriasis .[2] Gap between the onset of headache and the cranial nerve palsy has varied between 2 days and10 weeks. [3]The exact aetiology of this condition remains unknown. Oculomotor nerve compression, ischemia, swelling of the posterior cerebral artery, pituitary swelling, vascular anomaly, benign viral infection, demyelinating neuropathy, activation of trigemino-vascular system are the various pathogenesis implicated. Diseases such as vascular malformation, granulomatous infections, pituitary apoplexy, sarcoidosis and chronic inflammatory, demyelinating polyneuropathies may have similar clinical presentation like OM. So contrast enhanced MRI and magnetic resonance angiography should be the investigations of first choice for the diagnosis of OM, followed by a careful clinical examination and spinal tap. Sometimes, conventional angiogram may be necessary to exclude an aneurysm. [4]. Mark et al. 1998.,[5]found focal thickening of the nerve in non-contrast studies, and further thickening was present on the contrast-enhanced images in the area of the exit zone of the nerve in the inter peduncular cistern. Carlow studied the magnetic resonance scans in six patients diagnosed with OM and did a retrospective literature survey in 17 patients with OM, all of whom showed thickened ipsilateral oculomotor nerves at the midbrain exit in noncontrast T 1 -weighted images. Contrast T 1 -weighted magnetic resonance scans showed enhancement of the ipsilateral oculomotor nerves. [6].Many cases show improvement in the enhancement of cranial nerve III with resolution of the symptoms, but the timing and degree of resolution has not been consistent in reports. Contrast enhancement on MRI is not a sine qua non for the diagnosis of OM. Gelfand AA et al., 2011 [1] systematically reviewed all cases of OM in literature between1995 to 2010. There were a total of 80 cases .The median age at the time of the first ophthalmoplegic migraine attack was 8 years (3-16 years) .The third cranial nerve was involved in the vast majority of cases (83%), sixth cranial nerve was involved in 20% and the fourth nerve in 2% of cases. The interval between headache onset and ophthalmoparesis ranged from immediate to up to 14 days. The ophthalmoplegia tended to last longer (2 to 3 weeks to 2 to 3 months) .In 54%, persistent deficits were observed. Of 52 patients who had a contrast brain MRI during an acute attack, 75% had contrast enhancement of the third nerve and 76% had nerve thickening. There was a benefit from corticosteroid treatment in 54%. Schwannomas are benign peripheral nerve sheath tumours with great propensity to arise from vestibular nerves. Oculomotor nerve schwannomas are extremely rare. There are only 40 cases reported in the literature. Only 12 children under the age of 18, without neurofibromatosis have been sufficiently documented. [7] In 1982, Leunda et al. [8] reported a case in an 11-year-old boy whose tumour was resected en bloc and ranked as the largest oculomotor nerve schwannoma documented at that time, with a 55-mm diameter. Since then, another 11 histologically proven paediatric cases have been described successively in the literature. The average diameters of the paediatric tumours size is 19.5 mm. Oculomotor nerve paresis was the most common neurological sign and a variable degree of oculomotor nerve dysfunction, including ptosis, diplopia, or dilated pupil, was present in all but one . Duration of preoperative symptoms and signs ranged from 2 weeks to 12 years. Authors opine that lesion size did not correlate with the degree of oculomotor nerve deficit. Ipsilateral ophthalmoplegic migraine was found in two cases of cisternal microlesions involving the initial prepontine segment of oculomotor nerve. [7].Total removal of schwannoma usually resulted in severe postoperative parent nerve paresis. Surgical tr eatment was indicated only for large tumours that presented in association with consciousness disturbance, other cranial nerve signs, or hemiparesis due to mass effect, or in cases where the lesion showed malignant features with rapid enlargement. Murakami et al., 2005 [9] described a case of an 11-year-old girl with oculomotor nerve schwannoma who had been suffering from symptoms mimicking OM. Her attacks became more frequent and were not controlled by medication. After surgery, the frequency of OM attacks reduced. This was the first report to describe a pathologically confirmed case of oculomotor nerve schwannoma mimicking OM. Riahi A et al., 2014[10] described a 12 year old girl with recurrent painful ophthalmoplegia, who on examination was found to have left oculomotor palsy. Her third MRI focusing on third nerve revealed schwannoma of the oculomotor nerve in left cisternal portion. Kawasaki et al., 1999 [11] reported a case of the coexistence of OM and ipsilateral 3rd nerve schwannoma .The authors had an acute and a follow-up MRI during a recovery phase and noticed no difference. The coexistence of two rare conditions suggests that a mere coincidence is unlikely. It has been proposed that repeated inflammation could lead to a demyelination/ remyelination process with Schwann cell proliferation and onion bulb formation. There are no published treatment trials for ophthalmoplegic migraine. Oral steroids may be of possible benefit in treating acute exacerbations based on available case series. Prompt steroid therapy at the time of attack might minimize permanent sequelae of OM, including residual weakness of the third cranial nerve and pupillary dysfunction. Bharucha et al., 2007 [4] state that various treatments have been described, including steroids acutely and flunarizine, acetazolamide, propranolol, cyproheptadine, or verapamil prophylactically. OM is a heterogeneous disorder that needs adequate scrutiny, periodic magnetic resonance monitoring, and clinical correlation before we can conclude and draw management guidelines. Conclusion: Awareness and suspicion is required to identify cranial cephalalgia /OM as it is a rare entity and diagnosis even by headache experts is made by exclusion. It warrants thorough investigation to rule out intrinsic lesions mimicking OM. The rare association reported in our report gives insight into pathophysiology and clinico-radiological correlations in OM. Bibliography 1. Gelfand AA, Gelfand JM, Prabakhar P et al. Ophthalmoplegic ‘‘Migraine’’ or Recurrent Ophthalmoplegic Cranial Neuropathy: New Cases and a Systematic Review. Journal of Child Neurology.2011; 27(6):759-766 2. Headache Classification Subcommittee of the International Headache Society. The International Classification of Headache Disorders: 2nd edition. Cephalalgia. 2004; 24(suppl 1):9–160. 3. Ravi Shankar. K. Ophthalmoplegic Migraine: Still a Diagnostic Dilemma? Current Pain and Headache Reports. 2008; 12: 285 – 291 4. Diana X. Bharucha, Timothy B. Campbell, Ignacio Valencia. MRI Findings in Pediatric Ophthalmoplegic Migraine: A Case Report and Literature Review. Pediatric Neurology .2007; 37: 59–63 5. Mark AS, Casselman J, Brown D, et al.: Ophthalmoplegic migraine: reversible enhancement and thickening of the cisternal segment of the oculomotor nerve on contrast enhanced MRI images. AJNR Am J Neuroradiol .1998; 19: 1887– 1891. 6. Carlow TJ: Oculomotor ophthalmoplegic migraine: is it really migraine? J Neuroophthalmol .2002; 22: 215– 221. 7. Yang S, Li Z, Liu X et al.Pediatric Isolated Oculomotor Nerve Schwannoma: A New Case Report and Literature Review. Pediatric Neurology.2013; 48(4):321–324 8. Leunda G,Vaquero J,Cabezudo J et al. Schwannoma of the oculomotor nerves .Report of four cases .J Neurosurg.1982;57:563-565 9. T. Murakami, M. Funatsuka, M. Komine et al.Oculomotor nerve schwannoma mimicking ophthalmoplegic migraine.Neuropediatrics.2005; 36:395–398 10. Riahi A, Youssef-Turki I.B, Walha K et al. Recurrent painful ophthalmoplegia: ophthalmoplegic migraine or oculomotor nerve schwannomas? Neurological Practice –FMC. 2014; 5:205-208 11. Kawasaki A. Oculomotor nerve schwannoma associated with ophthalmoplegic migraine. Am J Ophthal 1999; 128:658–60.

3 negros :: essays research papers

In the period after Reconstruction the position of African Americans in southern American society steadily deteriorated. After 1877 the possibilities of advancements for African Americans disappeared almost completely. African Americans experienced a loss of voting rights and political power created by methods of terrorization such as lynching. The remaining political and economic gains that were made during reconstruction were eventually whittled away by Southern legislation. By the 1900s African Americans had almost no access to political, social, or economic power. Shortly after this Jim Crow laws began to emerge, segregating blacks and whites. This dramatic transition from African American power to powerlessness after reconstruction gave birth to two important leaders in the African American community, Booker T. Washington and W.E.B. DuBois. Although these two remarkable men were both in search of a common goal, their roads leading to this goal were significantly different. This is most evident in the two most important documents of the men’s careers: Booker T. Washington’s, â€Å"1895 Atlanta Exposition Speech† and W.E.B. DuBois’ response to this, â€Å"The Souls of Black Folks.† These two men were both dedicated to solving the difficult problems African Americans experienced in the post reconstruction south. Both DuBois and Washington wanted economic prosperity for African Americans but they differed on what would be done to achieve this. Both men focused on education as a key to the improvement of black life but they differed on the form education should take. The true difference in these men’s extremely different routes to better the lives of African Americans after reconstruction was a product of their extremely different backgrounds. In this essay I will examine the documents, â€Å"1895 Atlanta Exposition Speech† by Booker T. Washington and W.E.B. DuBois’, â€Å"The Souls of Black Folks† in order to determine the paths that each of these men took towards the advancement of African Americans, and the reasons behind these methods. DuBois and Washington came from extremely different backgrounds. These differences are essential to understanding why each of these men went about trying to achieve progress for their race in the way they did. DuBois, the son of free parents, was born a free man and grew up in a white environment with more privileges and advantages than the majority of African Americans living in the United States at that time. He suffered neither severe economic hardship nor from repeated encounters with racism. In contrast, Booker T.

What Caused The Financial Crisis? Essay -- Economics

The roots of the financial crisis can be traced back to the property asset bubble in the US between 1997 and 2006. This asset bubble was enabled by a poorly regulated subprime mortgage industry and the assumption that property prices would continue to rise. The collapse of the property bubble and subsequent foreclosures led to many financial institutions suffering huge losses due to their exposure to the subprime market through a series of innovative and complex investment vehicles. While these investments carried extra risk, they also gave the opportunity for massive short term returns, and the move to these riskier and more complicated financial investments may have been facilitated by a ‘too big to fail’ mentality by many US financial institutions. The collapse of the property bubble and uncertainty in the markets led to a run by depositors and a sudden loss of funding for banks day to day activities. Due to the dependence of the interbank lending market for short term funding, these banks were unable to fund their day to day operations and some collapses, (Lehman Brothers) while others were bailed out by the US government (AIG). Such a loss of confidence within the financial industry eventually led to banks operating a more cautious approach to lending and ensured a severe reduction in the availability of credit, both to other banks and consumers. I will look at the how subprime lending, assisted by expansionary macroeconomic policies and lenient regulatory supervision, eventually morphed into a full financial crisis rather than the view that such crises are cyclical in open market economies and are part of the boom and bust characteristics of capitalism. Sub-prime Mortgages and the Building Blocks of the Financial Crisis .. ...pubs/ft/fandd/2008/06/dodd.htm Carmassi, J, Gros, P and Micossi, S. The Global Financial Crisis: Causes and Cures. Journal of Common Market Studies. Vol.47, No.5, pp. 977-996, 2009. Available at: http://www.relooney.info/SI_FAO-Asia/Global-Crisis_23.pdf Blakenburg, S and Palma, J.G. Introduction: the global financial crisis. Cambridge Journal of Economics. Vol.33, pp.531-539, 2009. Available at: http://cje.oxfordjournals.org/content/33/4/531.full.pdf+html Online Publications Inman, P. Easy money hits home with lenders facing  £250bn losses. The Guardian Online, July 10th, 2007. Available at: http://www.guardian.co.uk/business/2007/jul/10/usnews.internationalnews1?INTCMP=SRCH Baldwin, R. Excessive risk-taking by Banks. Wall Street Pit. Global Market Insight, April 9th, 2012. Available at: http://wallstreetpit.com/90959-excessive-risk-taking-by-banks