Downfall of Oedipus and Medea Essay Example | Topics and Well Written Essays - 2000 words

Downfall of Oedipus and Medea - Essay Example However, like all other tragedies this play also focuses on the downfall of Oedipus and interestingly enlightens the readers about power struggle between God and Man. Edith Hall also says, â€Å"Oedipus can only fulfill his exceptional god-ordained destiny because Oedipus is a preeminently capable and intelligent human being† (xvi). Although the ending of the play reiterates the fact that man is a puppet in the hands of fate and Gods. 2.1. Oedipus and his Intelligence The episode of Oedipus’s confrontation with the Sphinx is a testimony against his super intelligent brain. As Oedipus himself says, â€Å"When the Sphinx, that singing bitch, was here†¦ Her riddle was not something the first man to stroll along could solve—a prophet was required. But then I came, Oedipus, who knew nothing. Yet I finished her off, using my wits rather than relying on birds† (Sophocles lines 469-478). From this point onwards the readers observe that Oedipus starts consider ing himself super human and the readers start realizing that he is forgetting his status of a mere mortal. The Priest also tries to remind him of his status of a human being by saying, â€Å"you are not divine so confine within your human limitations† (Sophocles 54). In contrast to Oedipus’s intelligence, Sophocles presents the readers with Teiresias who behaves like a man of wisdom yet he fears Gods and knows his place although he also attained his level of wisdom after losing his physical sight. Hence, regardless of Oedipus’s over intelligence Teiresias realizes that he is the most ignorant of men. Teiresias voices his opinion by saying, â€Å"How dreadful it can be to have wisdom when it brings no benefit† (Sophocles 374-376). 2.2. Oedipus and his Pride Oedipus because of his intelligence begins to consider himself invincible, which can be equated to his arrogance or pride. This invincibility can be interpreted from his dialogues with Teiresias where h e repeatedly asserts his higher intellect as he also says at one point, â€Å"Mock my excellence, but you will find out I am truly great† (Sophocles 534-535). Sophocles strategically places Teiresias’s character in order to remind Oedipus of his follies though to no avail as he bluntly says to Oedipus, â€Å"That quality of yours now ruins you† (Sophocles 536). ‘That quality’ which Teiresias refers to can be perceived as both a reference to his over intelligence as well as his arrogance. 2.3. Oedipus and Fate Although it is observed that all the action that takes place in the play occurs according to the prophecies. Yet the readers cannot ignore the fact that the idea of fate or prophecy is an abstract idea. This conclusion can be drawn fro Teiresias’s comment that, â€Å"Yet events will still unfold, for all my silence. It is not your fate to fall because of me† (Sophocles 407-409). Teiresias here clearly declares that fate or prophec y has nothing to do with the Oedipus’s approaching suffering but it is Apollo is the actual cause of Oedipus’s suffering and pain. 2.4. Oedipus and Apollo The relation between the mortal and the God can be categorized as an apt explication of power struggle. Oedipus says, â€Å"When a man has no fear of doing the act, he’

OPEC CARTEL Essay Example for Free

OPEC CARTEL Essay â€Å"OPEC As a CARTEL† There are two kinds of extreme market structure and they are perfect competition and imperfect competition. In a perfectly competitive market there are many numbers of sellers and many numbers of buyers selling and buying homogeneous products, therefore there is very little impact of a single buyer or seller changing the price of his/her product. In an imperfect competitive market there are few sellers and these sellers have some control over the prices and output of the product. Here, in this kind of market the whole market is affected by an individual changing his/her product price. In USA most of the industries fall between these two extreme market structures. But in this essay we’ll talk about oligopoly. It is imperfect competitive market state therefore here there are few no. of sellers. Oligopoly covers many kinds of industrial behaviours and structures because of its broad nature. Oligopoly is a market condition where few numbers of sellers (oligopolists) come together and form a market or an industry. An oligopoly may have 2 firms or 20 firms, selling and producing differentiated or undifferentiated products and services. There are few participants in this market structure therefore each participant is aware about the activities of other participants. The decisions are influenced by one another. As this market is operated by few firms, the price of the product and the quantity of production is fixed by the firms itself keeping in mind their self-interest and self-respect. Sellers (oligopolists) are acting and cooperating like a monopolist – producing a small amount of quantity of goods and selling these goods at a price higher than the marginal cost. These are some of the powerful incentives at work which hinder a group of firms from maintaining the monopoly outcome. An oligopoly is operated under imperfect competition; they follow a kinked  demand curve which shows that inelasticity below the market price and elasticity above the market price, offering differentiated services and products they have strong barriers to entry. Kinked demand curve is downward sloping curve. There is a discontinuity at the bend – the â€Å"kink†. Due to this there is a discontinuity in the marginal revenue curve. The demand above the kink is relatively elastic, therefore all other firms’ prices remains unchanged and demand curve after the kink the demand will be inelastic, therefore all the firms will have similar price cut, eventually leading to a price war. The best way to overcome this problem is to produce at the point E that is the equilibrium point and, coincidently the kink point. There are many industries in oligopoly conditions are automobile, cigarette, malt beverages (beer), small arms ammunition, oil and petroleum, etc. There are many kinds of oligopolies, a number of different oligopoly models have been structured. But we are going to further discuss about the structure of CARTEL. But before that if u examine all oligopoly models have a similar thing i.e. ‘The behaviour of any given oligopolistic firm depends on the behaviour of other firms in the industry comprising oligopoly’. According to the traditional economic theory the producer who is at the stage of profit maximizing and also has some market power (either due to oligopoly or monopolistic competition) would have set marginal cost equal to marginal revenue i.e. MC=MR. A cartel is an organisation of independent firms coming together, to control and limit the production and increase and decrease of price and profit. Cartels can be formed in an informal or formal manner with the agreement of every member. Cartels usually occur in an oligopolistic industry. The main aim of cartel is to increase individual profits by reducing competition. There are two kinds of cartels: Private cartels and Public cartels. In a public cartel there is involvement of government and such cartels are legally formed. Private cartels are formed by few industries and are subject to legal liability under antitrust laws now found in every country of the world. Private cartels have to often face competition laws. Private cartels are recognized and fragmented by the competition policy by most of the countries in the world. But finding out cartels and further proving them is very difficult because firms are not so careless to put such agreements on papers. Antitrust authorities have found that in last 200 years price increase achieved by cartels is almost 25%. There was a 28% price hike in private international cartels (cartels formed by one or more nations). Domestic cartels where at 18%, less than 10% domestic cartels failed to raise the market price. This study was possible after several economic studies and legal decisions. There are some differences in public and private cartels. It is said that public cartels are less harmful than private cartels because they are operated in the presence of government private cartels are more effective and, hence, possibly harmful, though there is no proof to prove this right. Government has all the authorities to establish and enforce the rules relating to prices, output and other such matters; this is in the case of public cartels. Examples of public cartels are export cartels and shipping conferences. There are also depression cartels permitted in some countries this type of cartel helps in stabilising the required price and production. For example, in Japan such type of cartel is allowed in steel, aluminium smelting, ship building and various chemical industries. In United States during the time of great depression of 1930, in industries such as coal mining and oil production public cartels were allowed by United States and they also remained after the World War-II. Germany’s economy was also affected by these cartels during the inter–war period. There were international cartels formed between governments of some nations by signing an agreement it was called as international commodity agreement which covered products such as coffee, sugar, tin, and oil (OPEC). Private Cartels are having huge different than public cartels, an agreement is signed on terms and conditions that provide mutual advantages, these terms and conditions should not be detected by outside parties. Private cartels are responsible for violating the antitrust Laws. Game theory means studying the oligopolistic behaviour of a series of strategic actions of a firm and reaction of the rival firm. According to this theory cartels are unstable, due to the behaviour of members of a cartel is like the behaviour of a player who has a dominant strategy in a game. If a member does not abide by the rules in the agreement that member will make more profit than by following the agreement. The situation would be worse if all the partners break the agreement. Cartels do not sustain for a long run because members have cheating incentives. A Cartel can exist for only 5 to 10 years this was found by deep study of cartel. If the members intend to cheat on the agreement in order to earn short term profit so that they could cover the long term losses this depends on the situation if they have short term profits through break down of cartel than they’ll possibly break it down. How difficult it would be for a firm to, find out that other firms are following the agreement or not. If the other firms are not following than they are cheating and therefore the cartel becomes unstable. There are few ways to keep watch on a cartel: 1) Number of firms in the industry, 2) Characteristics of the products sold by the firms, 3) Production cost of each member, 4) Behaviour of demand, and 5) frequency of sales and their characteristics. The Organization of Petroleum Exporting Countries (OPEC) was initially created with efforts of 5 countries and then later on joined by 9 other countries. It is an intergovernmental organization which was formed by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, on September 10 – 14, 1960, in Baghdad. These five founding members were later on joined by nine other members: Qatar (1961), Indonesia (1962-2009), Libya (1962), United Arab Emirate (1967), Algeria (1969), Nigeria (1971), Ecuador (1973), Angola (2007), Gabon (1975-1994). Ecuador suspended its membership from December 1992 – October 2007. Initially headquarter of OPEC was in Geneva, Switzerland, and after 5 years it was moved to Vienna, Austria, on September 1, 1965. OPEC was found with some objectives. The objective of OPEC is to manage and unify petroleum polices among member countries and thereby secure the stability in the prices for petroleum producers. It was necessary that flow  is maintained in supplying petroleum at an economical rate, to the consuming countries, provided that the members investing in this industry get a fair return of capital. They also have a unique strategy that is allotting the production quota to a member country. This system helps in maintaining and stabilizing the price to a certain level. Developing its collective vision with some objectives and creating its secretariat, in Geneva and then in 1965, in Vienna, OPEC adopted a ‘Declaratory Statement of Petroleum Policy in Member countries’ in 1968. This policy stated that it is absolute right of the member nations to have a permanent rule over their natural resources and use them in order to increase the rate of national development. During 1970s OPEC became an international importance in the world market of petroleum and crude oil, it had a full control over the pricing. During this period there was a steep price rise in petroleum products. In 1980s the prices began to fall down as people started shifting from petroleum products. OPEC’s market share fell heavily to the third of the early rise. At this time member countries had to bare a heavy loss, but soon they regained their position with a little price hike almost half the early rise. OPEC started recovering its market share slowly. During the period of 1990s OPEC had a fall in prices same as it had in 1980s, but it had a solid recovery this time. During this period the prices were stable at some extent than in 1970s and 1980s. One of the member nation left OPEC and one suspended its membership. In 21st century OPEC had an innovative plan which helped in stabilising the prices of petroleum products in early years. The prices began to rise from 2004 and still it’s rising. During this decade one member activated its membership and another member suspended it. OPEC has not proved to be a successful cartel because it was unable to control the prices of petroleum products. Though OPEC had few members and that helped in reducing the conflicts. It was easy for the members to monitor one another’s activities and thereby adhering to the agreement. It was also easy to coordinate the price policy and the output policy according the agreement. It is simpler to form a cartel with few members. OPEC as a cartel is working effectively because 3/4th of its oil reserve is regulated by four countries they are: Venezuela, Saudi Arabia, Kuwait and Iran. There is only one threat to OPEC as a cartel, and that is increased production by  non-members. In the short run the price elasticity of demand for oil is quite low, according to this statement if enough production restrictions are implied than it will give a price hike this is a favourable environment for a cartel. Following this in 1973 OPEC contributed to two third of the total oil production of the world. Today if we compare the prices of crude oil than they are much higher than the early stages. To survive for such long period of 50 years OPEC had to face many challenges to fulfil its objective. The first challenge in front of OPEC is how to overcome the problem of supply of crude oil in all the countries keeping in mind the interest of the member countries of OPEC. Initially OPEC used to supply its crude oil to all type of countries like developing countries, under developed countries and developed countries but later on it was not able to fulfil the demand as it kept on increasing. Therefore, OPEC decided to first fulfil the demand of those countries with greater need and who provided with a fair deal and then look forward to those countries that had less demand for crude oil and offered a cheap deal. This decision was taken keeping in mind its own profit. The second challenge for OPEC is the NON-OPEC countries i.e. countries which are not members of OPEC. If these countries started production at high rate then these countries would take the major market share of OPEC and that was not good for member countries. NON-OPEC countries had no restrictions in production and pricing of crude oil. These NON-OPEC countries would take the short run profits because they can vary their prices. The third problem faced by OPEC is that United Nations (UN) was constantly pressuring OPEC in order to stop the wastage of gas which is emitted in high amount due to the usage of old technology. Technological issue is the fourth challenge for OPEC because they used old technology and to install new one it would take time and the market demand would not be fulfilled. Updating the technology was a big issue. The fifth issue was about maintaining large reserves of crude oil in order to sustain the sudden shift in demand. The sixth that is the last challenge is in the form of question that how OPEC can overcome the financial problems occurring during the production of oil because producing oil needs heavy capital investment? There is a big risk taking and uncertainties involved in this process and these uncertainties can be overcome with the help of proper  planning. If OPEC is unable to fulfil the challenge than there, is a fear of losing the whole market share against the NON-OPEC countries. Analysis of OPEC’s behaviour can be done through certain aspects. First, relying on a structural model is better than relying on the estimation approach. According to the analysis done in first step, in last 25 years all the theoretical models constructed for OPEC should be taken and then they should be properly tested. After this we compare and contrast it with equilibrium model of dynamic oligopoly. In the second step we consider organization as a whole and not considering the supply functions of individual countries. By doing this we would be able to estimate the collusiveness of OPEC. This helps us in identifying the switching periods between collusive and non-cooperative behaviour. OPEC has its own collusive behaviour and in many cases there was break down and price war between member countries. Price of crude oil depends on the demand and supply of it. There can be different variations maybe low or high, in price of crude oil, due to the imbalance in demand and supply – maybe little demand and more supply or more demand and little supply. The price of crude oil will be high if demand is more and supply is less and price will be low if supply is more and demand is less. Sometimes the prices fall down due to the non-cooperative act of members of OPEC or due to going against the agreement and cheating. Sometimes the reason for high price of crude oil may be other factors like taxation, governments of the countries of the world, natural disasters, etc. Factors like transportation, climate, capital, machinery, cost of production, etc. affect the prices of crude oil. As other cartels, OPEC also tries to raise the prices of crude oil by reducing the quantity of production of crude oil. When the price raises each member of cartel wants to increase the production by going against the agreement, so that they can get large amount of profit. OPEC member countries frequently agree to the reduction of production but then they cheat on the agreement. During the period of 1973-1985 OPEC was successful in maintaining the high-prices of crude oil, with the help of cooperation of  member countries. The price of crude oil per barrel rose steeply from $3 per barrel in 1972 to $11 per barrel in 1974 and then to $35 in 1981. After that there was absence in maintaining cooperation between member countries due to the argument on the topic of increasing production. Due to this the prices of barrel fell down by $13 per barrel in 1986. In this case OPEC has failed to work effectively because it was lacking in coordination and cooperation between member countries and this resulted in the instability of price of crude oil. According to the study there are approximately 1.5 trillion barrels of oil reserve in world. Out of which 81.33% i.e. 1193 billion barrels, is with the member countries of OPEC. In 2010, OPEC member countries produced 29.2 million barrels per day of crude oil that is about 41.8% of the world total output; this has increased to 69.7 million barrels per day. According to OPEC they have sufficient crude oil reserves that can last for 112 years. According to OPEC’s World Energy Model (OWEM) the demand for crude oil in 2006 was 84.7 million barrels per day. Due to the continuous growth in world’s economy the demand for crude oil in 2015 will rise to 96.1 million barrels per day, 102.2 million barrels per day in 2020 and 113.3 million barrels per day in 2030. OPEC as a cartel was unsuccessful to a certain extent and successful to a certain extent. There was high variation observed in prices of crude oil due to the instability of the Organisation of Petroleum Exporting Countries (OPEC). Lack of cooperation and coordination amongst the members of OPEC was seen because each individual member was tempted to earn high amount of profits and therefore he/she would cheat with the agreement. There was one thing observed that, when the price of crude oil rise than the members of OPEC intend to go against the agreement and they try to increase their production in order to earn short-run high profits. During any crisis in the world OPEC was not able to keep itself steady. There were some technological related issues with the members of OPEC. They used the old machinery to produce the crude oil and to overcome that they started updating their machineries, but during this period they were unable to handle the market demand for crude oil and therefore t hey failed to provide it to other  countries which resulted in price hike. If innovation is carried out properly than the cost of production will reduce to certain point and this will react in high rise in demand in international market, which will directly affect the profits of members of OPEC. In conclusion I would like to say that OPEC is a best form of oligopoly and both suit to each other because of the continuous development of OPEC as a cartel. In past 50 years OPEC has faced many heavy tasks; it failed to fulfil some tasks but still tried to recover the losses. OPEC has the largest oil reserve in the world. Amongst the NON-OPEC countries main competitor of OPEC is U.S.A because it has one of the largest reserves of crude oil. If we see in today’s market than OPEC as a cartel has a higher market share and it is the longest and largest living oil producing organization. OPEC is one of the longest survived cartels in the world. REFRENCE 1) http://en.wikipedia.org/wiki/Cartel 2) http://www.opec.org/opec_web/en/about_us/24.htm 3) http://www.scribd.com/doc/55875469/Oligopoly-OPEC 4) http://www.opec.org/opec_web/en/press_room/179.htm 5) Principles of Microeconomics (Indian edition) 4th edition, by N. Gregory Mankiw, published by Cengage learning India Pvt. Ltd., 356-357 6) Principles of Economics 8th edition, by Karl E. Case and Ray C. Fair, published by Dorling Kindersley India Pvt. Ltd., 310-311

niels david bohr :: essays research papers

Niels Hedrik David Bohr Niels Hendrik David Bohr was one of the foremost scientists of the 20th century. The Nobel prizewinning physicist was known for his development of the theory of atomic fission that led to the development of the atomic bomb. He was born on Oct. 7, 1885, in Copenhagen, Denmark. His father, Christian, was a professor at the University of Copenhagen and his brother, Harold, was a great mathematician. Bohr and his family grew up in an atmosphere that helped the development of his knowledge. His father was largely responsible for awakening his interest in physics while, his mother came from a family well known in the field of education. After Gammelholm Grammar School in 1903, he entered Copenhagen University where He won a gold medal from the Royal Danish Academy of Sciences for his theoretical analysis of vibrations of water jets as a means of determining surface tension. He received his Master's degree from the University of Copenhagen in 1909 and his doctorate in 1911 with a thesis Studies on the electron theory of metals. Bohr went to England to study with Sir J.J. Thomson at Cambridge. He had intended to spend his entire study period in Cambridge but he did not get on well with Thomson so, after a meeti ng with Ernest Rutherford in Cambridge in December 1911, Bohr moved to Manchester in 1912. There he worked with Rutherford's group on the structure of the atom. Rutherford became Bohr's role model both for his personal and scientific qualities. Using quantum ideas due to Planck and Einstein, Bohr conjectured that an atom could exist only in a discrete set of stable energy states. Bohr won the Nobel piece prize for his theory of atomic structures. According to Microsoft Encarta His work drew on Rutherford’s nuclear model of the atom, in which the atom is seen as a compact nucleus surrounded by a swarm of much lighter electrons. He thought that electrons are arranged in definite shells, or quantum levels, at a big distance from the nucleus.

The Gift of the Magi by William Sidney Porter

The Gift of the Magi by William Sydney Porter Xinyan Zhu September 2, 2012 Comp1102 /Fall Mrs. Chambers The Gift of the Magi by William Sidney Porter William Sidney Porter, better known under his pen name â€Å"O. Henry†, born September 11 1862 in Greensboro North Carolina. Accused of embezzling bank fund, Henry was arrested and sentenced to three years in prison. During this dark period in his life, he begin his literary career with his stories that were to be collected in his first book â€Å"Cabbage and Kings† (1904).Henry left the stories mainly laid in New York, Central American and Western American. The majority of the stories that can be found, however, are set in Manhattan, New York City. In these works, Henry portrayed the atmosphere and the scenes of its restaurant and its old lodging houses really true to life. For this reason, Henry remains secure in the hearts of the public as, â€Å"the prose laureate of Manhattan Island† (1945,Lewiston Journal Maga zine Section). Finally he deserves rank with America’s greatest of the short story and hands down far and wide up to now.His representative work The Gift of the Magi (1906) is an extremely moving story of a young couple who sell their best possessions, Della’s hair and Jim’s watch, in order to get money for a Christmas present for each other. The hair is cut and sold to buy a glorious watch chain, and the watch is sold to buy a beautiful comb, neither knowing that the present can no longer be of any use when offered to the loved one. After the first reading, the whole story seems tell about a funny story, but no one cannot laugh out. This essay focuses on the ending of The Gift of Magi.It reflects the ambience of happiness with sadness of the couple’s life. There is something deep inside this story. Many people studies Henry’s The Gift of Magi from different perspectives, such as analyzing the characteristics, the theme and also personal background of The Gift of Magi. The style of O. Henry’s short novel’s ending is well-known throughout the world of literature with its wit unexpected but reasonable results. From the beginning of the story, the young couple is characterized as their true love holder showing sincerity and loyalty through the way of sacrificing their precious treasure.First, Della cries, â€Å"she whirled from the window and stood before the glass. Her eyes were shining brilliantly, but her face had lost its color within twenty seconds. Rapidly she pulled down her hair and let it fall to its full length†(The Gift of the Magi). Later Della makes up her mind to do one thing giving the readers an astonishing shock tempting to readers to shed tears right now. The only purpose is just to give present on Christmas. Della is full of pleasure, has thought that she would give her husband the most suitable gift on the Christmas Day, but a strong sense of anxiety accompany with her.When Jim has return ed home and stared at Della, a bust of complex feeling occurs to him, his inner world fraught with many unlucky ideas. By Della’s explanation Jim has done the same thing as Della done for him, he has sold the watch to get the money to buy combs which Della loves for a very long time. Fortunately, the couple presents their most precious presents to each other, real presents is temporarily useless but their mutual love is true and lasting forever. There is no doubt that it embodies the life of happiness with sadness and deepens their love.Here Henry presents the climax and later comments on, â€Å"the foolish children in a flat who most unwisely sacrificed for each other the greatest treasure of their house†(The Gift of the Magi). The young couple indeed sacrifices their precious possessions, the unwise aspect lies in their decision without telling each other ahead of time and the couple just wants to bring a surprise with great happiness to show their affection. Surpris ing ending is O. Henry’s one signature. Della asks Jim to give her watch to see how it looks on it.Instead of obeying, Jim tumbles down on the couch and put his hands under the back of his head and smiled. Because Jim knows it useless right now, no watch any more. For both of them, losing their great treasure means nothing could make them proud of, but they have received one more important thing, a sense of pleasure and satisfaction. The poor couple creates a soft and gentle atmosphere to feel how much they love each other. Although Henry depicts the foolish children, â€Å"but in a last word to the wise of these days let it be said that of all who give gifts these two were the wisest. , â€Å"†¦of all who give and receive gifts, such as they are wisest. †(The Gift of the Magi) It denotes that their gifts are the most divine and pious proof to their incomparable true love. Therefore, the two foolish children, Della and Jim are the wisest. Since they receive the s piritual presents through their decision. They are the magi, and their gifts are the gifts of the magi. To sum up, even The Gift of Magi is just one section of life in American people who are struggling for life and searching for a better life with happiness and sadness in the cruel and suffering society.There is much to be learned from the love of this couple. Works Cited 1. http://en. wikipedia. org/wiki/O. _Henry. 2. Lewiston Journal Magazine Section, 1945. 3. Angell, Roger. â€Å"The Gift of the Magi: Interview. The New Yorker. Broadcast transcript. Morning Edition. Opposing Viewpoints Resource Center. 2010. 4. Wilson, Kathleen. â€Å"The Gift of the Magi. † Short Stories for Students. Ed. Kathleen Wilson. Vol. 2. Detroit: Gale. Litfinder for Schools. 1997.

Nursing image analysis

When answering the question whose image in the world literature, movies or TV is the most popular there are no many people whom the image of the nurse would occur to. The image of the nurse is, generally, referred to so-called secondary characters. Their activities aren’t so well-seen as, for example, policeman or physician’s ones. A nurse accomplishes with another kind of work in the course of which she is suggested to help someone, to be a support for patients, a right hand for physicians. That is a kind of profession not very popular one but everyone can have needs of. A wide range of books, movies, TV programs have created various interpretations of the nurse’s images. It would be interesting to distinguish the most general and common traits of their character.In order to learn the relationships between nurses and other characters, for example, physicians whether who of them takes control of the whole situation that’s enough to look through a movie or read over any scene which nurse takes place in. Nurse is almost always silent. Her or his activities are rather reduced and consist in a noiseless accomplishment of his/her duties.A physician who is suggested to be more educated and responsible always directs the situation and a nurse is practically always a subordinate person. But speaking about understanding of the patient’s needs the situation can be different. The physician gets opinion as to the patient’s needs according to his knowledge and professional experiences. A nurse understands patient’s requirements basing on her/his     first-hand and continuous communication with this patient. Here takes place mutual immediate understanding between nurse and patient which is not less important for the latest than the physician’s interference.Regarding being nurse a man or woman the answer is clear. Being a nurse is always associated with being a woman. Due to its natural traits women are more open-hea rted and compassionate than men. Therefore, the profession of the nurse matches women much more than men. Though, exceptions are present here too. For example, non-stereotypical Philadelphia nurse Keynan Hobbs has won the Soap Nurse Sweepstakes for supplying the most examples of non-stereotypical soap opera mail-nurse characters.From being a woman a lot of accompanying factors appear here, e.g. age, sexual attractiveness and so on. It’s very hard to determine the average nurse’s age. They appear as young, mature and old as well. To make some difference, a nurse is represented often as a middle-aged woman whose marital status isn’t an important point. Though nurses are often lonely this detail isn’t usually very well highlighted in order to make the image free for other author’s objects.As to the characteristics of a nurse as a woman it must be said that the usage of the nurse’s image in the world wide sex industry is a very efficient one. At tractive girls in white smocks are very popular among men and there is nothing denying it. The appealing to the physical characteristics is only expressed here. But speaking about common nurse’s character out of sexual motives she is, generally, an attractive girl or woman as she has to cause positive traits in patient’s mind.As it was already mentioned the image of the nurse is first of all a secondary one. Referring this personage, from the numerous movies with nurse’s participation, the spectator, basically, remembers only white smock and tray with medicines. Of course, there are exclusions when the image of the nurse expands and the author makes a nurse its protagonist providing her with all the armory of positive or negative traits. But to say truth, nurses are depicted as negative characters only in cheap thrillers. The classical nurse personages are beneficent and warm-hearted.The profession of nears means love and understanding. Their personal traits are more than normal and socially-accepted. The colorful example of â€Å"The English Patient† by Anthony Minghella proves that. A French-Canadian nurse, Hana, has gathered in herself all those features so characteristic for the image of the nurse. Michael Ondaatje (1996): â€Å"She reads to her patient, but is not sure whether or not he listens.The nurse spends much of her time gardening, growing enough vegetables for them to eat, to trade a little, and to survive. They inhabit a bombed-out villa. In many parts, rain falls freely into the house. The German army had occupied the house and has left mines throughout. The nurse knows these dangers but does not pay much attention to them. She is only twenty years old and enjoys sleeping in the library, with its view of the night sky.†(n.p.).That’s one of the classical images of the nurse in the world art.The values nurse’s image usually provides are and must be classified as human and sympathizer and condolatory . Of course, we aren’t to forget about the classical situation from the movies and detective stories when using a nurse to kill someone being in a hospital as a result of criminal affairs. Lately, a great deal of thrillers and other similar products can boast with the creation of the new image of a nurse-killer. But that’s not enough to state this image as one of the significant.Concerning the career ambitions the profession of a nurse isn’t a convenient one to be discussed here. Actually, the career of a nurse doesn’t provide a colorful perspective. Due to this a nurse is suggested to be an altruist person. For the majority of nurses portrayed anywhere the career isn’t a focus of effort. They are rather devoting themselves to a good professional accomplishment of their obligations. And that’s one of the main particularities that differs nurses form the rest of personages. She is a typical background personage and ambitions about career aren ’t characteristic for her.The above mentioned characteristics are proper of the majority of the described nurse’s images. Of course, human fantasy have created a lot of different versions of this character all over its history but those above are the most common traits as to the nurse.   Taking into consideration all mentioned above, it’s necessary to make a conclusion that the nurse’s image in the modern art is, primarily, a secondary one with rather vivaciously expressed positive traits. This image has changed a little all over the times due to its constant and well-aimed character. The image of a kind, easygoing woman in white smock promises to keep on appearing in masterpieces of the future art.Bibliography.1.   Ondaatje, M. (1996).The English Patient. SparkNotes, Today’s most popular study guides from Barnes&Noble , chapter 1. Retrieved September 25, 2005, from    http://www.sparknotes.com/lit/englishpatient/section1.html Nursing image analysis When answering the question whose image in the world literature, movies or TV is the most popular there are no many people whom the image of the nurse would occur to. The image of the nurse is, generally, referred to so-called secondary characters. Their activities aren’t so well-seen as, for example, policeman or physician’s ones. A nurse accomplishes with another kind of work in the course of which she is suggested to help someone, to be a support for patients, a right hand for physicians. That is a kind of profession not very popular one but everyone can have needs of. A wide range of books, movies, TV programs have created various interpretations of the nurse’s images. It would be interesting to distinguish the most general and common traits of their character.In order to learn the relationships between nurses and other characters, for example, physicians whether who of them takes control of the whole situation that’s enough to look through a movie or read over any scene which nurse takes place in. Nurse is almost always silent. Her or his activities are rather reduced and consist in a noiseless accomplishment of his/her duties.A physician who is suggested to be more educated and responsible always directs the situation and a nurse is practically always a subordinate person. But speaking about understanding of the patient’s needs the situation can be different. The physician gets opinion as to the patient’s needs according to his knowledge and professional experiences. A nurse understands patient’s requirements basing on her/his     first-hand and continuous communication with this patient. Here takes place mutual immediate understanding between nurse and patient which is not less important for the latest than the physician’s interference.Regarding being nurse a man or woman the answer is clear. Being a nurse is always associated with being a woman. Due to its natural traits women are more open-hea rted and compassionate than men. Therefore, the profession of the nurse matches women much more than men. Though, exceptions are present here too. For example, non-stereotypical Philadelphia nurse Keynan Hobbs has won the Soap Nurse Sweepstakes for supplying the most examples of non-stereotypical soap opera mail-nurse characters.From being a woman a lot of accompanying factors appear here, e.g. age, sexual attractiveness and so on. It’s very hard to determine the average nurse’s age. They appear as young, mature and old as well. To make some difference, a nurse is represented often as a middle-aged woman whose marital status isn’t an important point. Though nurses are often lonely this detail isn’t usually very well highlighted in order to make the image free for other author’s objects.As to the characteristics of a nurse as a woman it must be said that the usage of the nurse’s image in the world wide sex industry is a very efficient one. At tractive girls in white smocks are very popular among men and there is nothing denying it. The appealing to the physical characteristics is only expressed here. But speaking about common nurse’s character out of sexual motives she is, generally, an attractive girl or woman as she has to cause positive traits in patient’s mind.As it was already mentioned the image of the nurse is first of all a secondary one. Referring this personage, from the numerous movies with nurse’s participation, the spectator, basically, remembers only white smock and tray with medicines. Of course, there are exclusions when the image of the nurse expands and the author makes a nurse its protagonist providing her with all the armory of positive or negative traits. But to say truth, nurses are depicted as negative characters only in cheap thrillers.The classical nurse personages are beneficent and warm-hearted. The profession of nears means love and understanding. Their personal traits are more than normal and socially-accepted. The colorful example of â€Å"The English Patient† by Anthony Minghella proves that. A French-Canadian nurse, Hana, has gathered in herself all those features so characteristic for the image of the nurse. Michael Ondaatje (1996): â€Å"She reads to her patient, but is not sure whether or not he listens.The nurse spends much of her time gardening, growing enough vegetables for them to eat, to trade a little, and to survive. They inhabit a bombed-out villa. In many parts, rain falls freely into the house. The German army had occupied the house and has left mines throughout. The nurse knows these dangers but does not pay much attention to them. She is only twenty years old and enjoys sleeping in the library, with its view of the night sky.†(n.p.).That’s one of the classical images of the nurse in the world art.The values nurse’s image usually provides are and must be classified as human and sympathizer and condolatory . Of course, we aren’t to forget about the classical situation from the movies and detective stories when using a nurse to kill someone being in a hospital as a result of criminal affairs. Lately, a great deal of thrillers and other similar products can boast with the creation of the new image of a nurse-killer. But that’s not enough to state this image as one of the significant.Concerning the career ambitions the profession of a nurse isn’t a convenient one to be discussed here. Actually, the career of a nurse doesn’t provide a colorful perspective. Due to this a nurse is suggested to be an altruist person. For the majority of nurses portrayed anywhere the career isn’t a focus of effort. They are rather devoting themselves to a good professional accomplishment of their obligations. And that’s one of the main particularities that differs nurses form the rest of personages. She is a typical background personage and ambitions about career aren ’t characteristic for her.The above mentioned characteristics are proper of the majority of the described nurse’s images. Of course, human fantasy have created a lot of different versions of this character all over its history but those above are the most common traits as to the nurse.   Taking into consideration all mentioned above, it’s necessary to make a conclusion that the nurse’s image in the modern art is, primarily, a secondary one with rather vivaciously expressed positive traits. This image has changed a little all over the times due to its constant and well-aimed character. The image of a kind, easygoing woman in white smock promises to keep on appearing in masterpieces of the future art.Bibliography.1.   Ondaatje, M. (1996).The English Patient. SparkNotes, Today’s most popular study guides from Barnes&Noble , chapter 1. Retrieved September 25, 2005, from  Ã‚  Ã‚   http://www.sparknotes.com/lit/englishpatient/section1.html

A Comparison of Benvolio and Mercutio

A Comparison of Benvolio and Mercutio Free Online Research Papers It was a hot summer day in the town square of Verona when the two households came face to face, both feeling and showing their emnity. In the play of Romeo and Juliet, written by Shakespeare, Tybalt wishes to fight Romeo and since Romeo is refusing to battle him, Mercutio steps up and takes Romeos place. Benvolio is, like always, begging and pleading for them to keep the peace. All through the tale, Romeos best friends, Benvolio and Mercutio, try to help Romeo with their own particular methods. Surprisingly, there are no characters that differ from each other more than Benvolio and Mercutio. Although Benvolio and Mercutio are alike because they are both very loyal to Romeo, they are different because Benvolio is calm, level-headed, and honest and Mercutio tends to be a sarcastic, wild person who follows his emotions more than his common sense. Mercutio and Benvolio express loyalty and companionship toward Romeo. Mercutio battles Tybalt in order to defend Romeos honor, when Romeo has already made it clear that he doesnt want anyone to fight. Mercutio bravely faces the furious Tybalt and says O calm, dishonorable, vile submission! Tybalt you rat-catcher will you walk? (Scene Five). Benvolio also shows he is faithful to Romeo when he devises the brilliant plan of crashing the Capulets ball, in an attempt to cure his friend Romeos depression. When he says Supper is done, and we shall come too late. (Scene Two), hes convincing Romeo to go to the ball to have some fun or else itll be too late and hell stay heart broken. Mercutio and Benvolio are different because Mercutio is a wild person that likes to pick fights even though they arent his battles. When Tybalt is looking for Romeo, Mercutio steps up and declares Here is my fiddlestick; heres that shall make you dance. (Scene Five), thus making Tybalt even angrier and causing a fight. You can see Benvolio is a peace-keeping person especially when he states I do but keep the peace: put up thy sword (Scene One). He says this mainly because he doesnt want anyone to get hurt or get in trouble with the law. Although Mercutio and Benvolio are really close to being antithesis of one another, they are also similar because they are both incredibly loyal and faithful to Romeo. Though they are an oddly matched pair, they somehow combine to add their own unique flavors to Romeo and Juliet. Benvolio and Mercutio are two symbolic characters. Benvolio is supposed to represent the beatific person or the good path to take; on the other hand, Mercutio is the jokester or the unwise path to take. Benvolio tries to stop a fight when he says Put up your swords (Scene One) and Mercutio is encouraging a fight when he says, Tybalt, will you walk? (Scene Five). It is clearly seen that Mercutio and Benvolio are different in many ways, but it is their differences that symbolize that their will usually always be two paths you can take, a wise and an unwise. They also show that the strength of a family, like the strength of an army, is in its loyalty to each other (Mario Puzo) Research Papers on A Comparison of Benvolio and MercutioWhere Wild and West MeetHonest Iagos Truth through DeceptionThe Hockey GameHarry Potter and the Deathly Hallows EssayThe Spring and AutumnUnreasonable Searches and SeizuresTrailblazing by Eric AndersonQuebec and CanadaThe Effects of Illegal ImmigrationAppeasement Policy Towards the Outbreak of World War 2

Analysis of Culture and Leadership Styles The WritePass Journal

Analysis of Culture and Leadership Styles 1.1 Introduction Analysis of Culture and Leadership Styles ). It is also a factor which hinders understanding of the French culture due to various contradictions in the French culture. Countries with high uncertainty avoidance, acknowledge that employs are supposed to obey their leaders without queries about their decisions and motives. However, France manifests a different channel as employees have the power to understand the operations of the organization and decline to follow an order blindly as opposed to the case in the USA. Employees in France can withhold compliance and decide that the leaders or the supervisor does not have the right to request a certain issue from the employee (Miroshnik, 2010). 1.4 French Culture using the Values Orientation Dimensions Yukl (2006) acknowledges that collectivism measures the socialization gained by an individual as part of a given group. The society believes that their livelihood is alleged to a given group considering its members and seeking support from the group. Individuals offer their products to a group in a collectivistic culture while individuals usually stand apart from a given group in an individualistic culture (Zelden, 2006). France has a mild individualistic culture (Alder, 2008). This implies that France has a consolidated collectivistic culture. Ties are very loose among workers, children and parents and among individuals. France finds it hard to manifest and respect decisions made by a certain ‘group’ but it prefers independent relationships (Adler, 2008). Femininity is a measure by which states pursue attributes linked with women such as; quality of life, social harmony and safeguarding relationships (Williams, 2009). Feminine societies are characterized to put more emphasis on such traits. Masculine societies on the other hand, adhere to manly behaviors like wealth accumulation, quality of life and they value work as opposed to embracing social pursuits. Individuals in a masculine culture gain fame by the extent to what they have while feminine culture defines individuals based on who they are and as intrinsic beings. France has a lower score in embracing masculinity but it has performed well in embracing femininity. France is ranked number six in the world economy due to its adherence to femininity virtues (Yukl, 2006). For France to prosper in its economy, it has to join the USA by setting aside the quality of life and love for harmony. In addition, individual liberties and freedom has caused France to deteriorate in economic growt h. 1.5 Leadership Style to be used in France Charisma invokes an attribution element on the subjects as they envy personal costs and sacrifices made by their leaders in accomplishing their vision. Charismatic leaders have an extraordinary influence on their subjects. Such leaders exhibit dominance, extraversion and self-confidence (Hall, 2009). Charismatic leaders use emotional appeals as opposed to authority when eliciting compliance from their followers. Charisma may be easily adaptable by the French culture as opposed to the US culture. French culture is not limited to adhering to authority despite having a collectivistic culture (Deresky, 2006). In addition, French does not change their ways due to external forces. However, French subjects may be easily influenced by a charismatic leader as they might feel that they respect and adhere to his objections freely. French followers like the fact that they are free subjects with right to act in an appealing manner. This implies that the congruence between followers and leadersâ⠂¬â„¢ vision can merge with the followers and leaders’ values (Hall, 2009). ‘France’ ‘therefore’ is an outstanding state with all these traits in congruence. 1.6 Role of Stereotypes Stereotypes play a huge role in the management of a company and a state. In the US culture, the subjects have been acclimatized to the natural rule of the land. For a long time, the Americans have shown respect to leaders who delegate authority to the juniors and grant autonomy. The Americans have been subjected to the norm rule and show much respect to risk taking and confident leaders. This has been exemplified by leaders such as John Wayne (Hall, 2009). The adoption of masculinity in US has led to its huge growth in economy. Masculinity is associated with creation and accumulation of wealth as well as value addition in someone’s life. Stereotypes in the French culture have made Mitterand and De Gaulle national heroes (William, 2009). This is based on the perceived good leadership skills such ability to build consensus and charisma. The French economy has deteriorated due to believe in femininity which is associated with love for harmony and quality of life. 1.7 Practical Advice The adoption of a single and universal leadership style is quite vital in all sectors of life such as the economic, social and cultural. Policy makers have the mandate to ensure that all individuals adhere to the national culture. Achieving the adoption of policy both at national and company level helps asses the ways in which subjects react towards decisions made. It is difficult for strict measures to be adhered to in the US both at national and organization level. This is due to the pragmatic approach adopted in the analysis of varied situations (Adler, 2008).   On the other hand, French tend to adopt philosophy in most of the decisions as well as protesting both at national and organization level. The French believe in liberty, equality and freedom. Knowledge about the importance of adopting a universal leadership style helps policy makers in transcribing other modes in devising policies. 1.8 Possible Clashes Adoption of a universal leadership style may also help in the economic ‘sector’ especially the relationship between the employees and the boss. Adoption of a transformational system may sometimes be misleading a country like France may require tactics of more than just a transformational leader to convince the subjects accept his or her decisions (William, 2009). A company based in the US may find it hard to cope with French culture as the company may face several ‘riots’ however, a company acting in unison with the anticipations of the subjects’ values and vision will prosper. More so, understanding culture and leadership helps people with diverse culture such as American adopting French standards to cope and ignore differences between cultural values (Hall, 2009). 1.9 Conclusion This paper has theoretically analysed the French culture in terms of the leadership style and culture. The study has also concluded that leadership emerges from influence. In the US, for ‘instance’ leaders propose the decisions that followers must adhere to for the country to achieve the set goals. Decision are made and at times not followed in the French culture as the followers claim that every decision must be in compliance with equality and freedom (Adler, 2008). France is therefore one of the states that ought to redefine its leadership style. The varied cultures in the two countries have forced one group to set up conditions to help express its freedom towards what is considered good as the other group has pursued what is aligned towards the perceptions of the individual. Thus, France and the USA have two varied national leadership and cultural traits. References Adler, N. (2008). International dimensions of organizational behavior, fifth edition. New York,   Ã‚  Ã‚   NY: Thomson Learning. Boehnke, K. (2012). Transformational leadership: an examination of cross-national differences   Ã‚  Ã‚   and similarities. Leadership Organization Development Journal, 24(1), 5-15. Crunden, R. M. (2008). A brief history of American culture. New York: Paragon House. Deresky, H. (2006). International management: Managing across borders and cultures. (5th   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   ed.). NJ: Pearson/Prentice Hall. Hall, E. T. (2009). Beyond culture. New York: Doubleday. Miroshnik, V. (2010). Culture and international management: A review. Journal of Management Development, 21(7), 521-544. Williams, S. D. (2009). Personality, attitude, and leader influences on divergent thinking and   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   creativity in organizations. European Journal of Innovation Management, 7(3), 187-204. Yukl, G. (2006). Leadership in organizations (6th ed.). New Jersey: Pearson Prentice Hall. Zelden, T. (2006). The French. London: Harvill, Harper Collins.

IBM History

IBM History IBM or International Business Machines is a well-known  American computer manufacturer, founded by Thomas J. Watson (born 1874-02-17). IBM is also known as Big Blue after the color of its logo. The company has made everything from mainframes to personal computers and has been immensely successful selling business computers. The Beginning of IBM On June 16, 1911, three successful 19th-century companies decided to merge, marking the beginnings of IBM history. The Tabulating Machine Company, the International Time Recording Company, and the Computing Scale Company of America joined together to incorporate and form one company, the Computing Tabulating Recording Company. In 1914, Thomas J. Watson Senior joined CTR as CEO and held that title for the next twenty years, turning the company into the multi-national entity. In 1924, Watson changed the company’s name to International Business Machines Corporation or IBM. From the beginning, IBM defined itself not by selling products, which ranged from commercial scales to punch card tabulators, but by its research and development. IBM History of Business Computers IBM began designing and manufacturing calculators in the 1930s, using the technology of their own punch card processing equipment. In 1944, IBM together with Harvard University financed the invention of the Mark 1 computer, the first machine to compute long calculations automatically. By 1953, IBM was ready to completely produce their own computers, which began with the IBM 701 EDPM, their first commercially successful general-purpose computer. And the 701 was just the beginning. IBM History of Personal Computers In July 1980, Microsofts Bill Gates agreed to create an operating system for IBMs new computer for the home consumer, which IBM released on August 12, 1981. The first IBM PC ran on a 4.77 MHz Intel 8088 microprocessor. IBM had now stepped into the home consumer market, sparking the computer revolution. Outstanding IBM Electrical Engineers David Bradley joined IBM immediately upon graduation. In September 1980, David Bradley became one of the original 12 engineers working on the IBM Personal Computer and was responsible for the ROM BIOS code.

How gender conceptions developed and changed during the period of Research Paper

How gender conceptions developed and changed during the period of Jacksonian America - Research Paper Example Therefore, any attempt to fully understand the development of America’s societal history must take into account the changes that occurred during these years. This seems especially true when considering the notion of gendered identity of both males and females in the public and private spheres that have determined much of the history of American family, educational, and societal life. Because Jackson’s presidency occurred during a time when the industrial and transportation revolutions were just beginning in the US, and were characterized by expansions and alterations of expectations among the various classes that made up the American social, political, and economic scenes, the ways that men and women came to view their roles in American life during this early birth of modernization are important to review. This brief paper will consider how gendered identities came to be established among men and women during the Jacksonian period, in light of the other social, economic , and religious changes that occurred. ... When discussing issues of gender, it is important to point out that there are varying definitions and ideas surrounding the term, and that changes have occurred over time regarding what it means. Many people hear the word â€Å"gender† and automatically think it signifies simply â€Å"male† or â€Å"female.† However, the terms â€Å"male† and â€Å"female† are actually categories of sex, not gender, and refer to the biological and physiological characteristics that define men and women. The word â€Å"gender† more appropriately refers to the socially-constructed roles, behaviors, activities, and attributes that a society considers appropriate for both men and women. Characteristics of gender are based mainly on attributes that are considered either â€Å"masculine† or â€Å"feminine.† (Rubin 1975). These attributes are greatly influenced by the religious, economic, cultural and political aspects that make up a given society. The ways in which various elements within society function and interact with one another is a key factor in establishing these roles. Due to the fact that gender conception is socially determined, these roles and their interpretations are subject to change. For example, Dorsey (2002) argues that during much of early American history the concept of gender emphasized the differences in societal roles between men and women, and in fact, much evidence exists which suggests that gender conceptions during the time of Jacksonian America were largely focused on the different social roles and duties of both men and women (Welter 1966, Johnson 1880). However, recent interpretive views of gender, argues Dorsey, take into account the influences of economic class, religious

Review chapter 8( Ethical Autonomy and Dealing with Unethical Essay

Review chapter 8( Ethical Autonomy and Dealing with Unethical Superiors ) from the book (The Responsible Administrator...) and chose any article and make relation - Essay Example Therefore, Cooper crafts four key points in this chapter. The first major point is that revolving around the whole book i.e. ethical conducts by a public officer. Secondly, the ethical conduct of an individual working in a corrupt environment. Thirdly, the components necessary for individual ethical autonomy, and lastly, the importance of the role played by the administrator and to whose loyalty he or she should act on ( Cooper, 2012). In his article, Nurse Autonomy as Relational, Chris MacDonald explores the various autonomous dimensions in the nursing profession. He further explains that in nursing the nurse’s autonomy is relational. Hence, devotion to the social and circumstantial factors that assist profoundly autonomous action is important to advancing the understanding of the connections between professionals and their clients/ patients, in addition to different teams of professionals. Further, MacDonald explains the descriptive and prescriptive aspects of autonomy. Descriptive autonomy is explained as the capability for self-governance, while prescriptive autonomy refers to the resistance towards interfering with persona life and the steps involved enhancing such resistances. Lastly, according to this article professional autonomy has been linked to relational autonomy in the nursing profession. According to this article, professional autonomy depends on the social structure because the profession it self is self-governing ( MacDonald, 2002). This article relates to coopers explanation about ethical autonomy in that it outlines the implications of a relational autonomy model in the nursing profession. The first implication is that through understanding autonomy, the nurse is able to understand the thin line between their personal capabilities for independent actions and the responsibilities they have towards their patients. Secondly, it helps in the understanding

Way to quick smoking Essay Example | Topics and Well Written Essays - 500 words

Way to quick smoking - Essay Example The purpose of this paper is to discuss ways to quit smoking. Smoking is a very unhealthy that can lead to lung cancer and other health problems. According to the American Lung Association every year over 460,000 American citizens die from cigarette smoking (Lungusa). The faster a person decides the quit greater the chance the individual has to increase his / her lifespan. Quitting smoking is very difficult. One of the first things a person that makes the decision to quit should do is to look for a support group of friends and family to help them along the process. There are actual withdraw symptoms associated with getting of cigarettes. Some of these symptoms include: anxiety, nervousness, depression, sleeping disorders, attention deficit, hunger, and inability to concentrate among others. I have a cousin that has quit 3 times and he has always come back to the cigarette. He provided with a real life example of the reality that quitting smoking is extremely difficult. There are ways to quit smoking. Four products available in the marketplace to help a smoker get of the cigarettes are pills, nicotine patches, nicotine gum and electronic cigarettes. Two of the most commonly used pills to quit smoking are Zyban and Chantix. These must be prescribed by a doctor. A person attempting to quit smoking along with a support group should seek the assistance and advice of medical professional to help the person along in the process. Nicotine patches and pills are available over the counter and represent a cheap substitute that can help the person along in the process because it is proving the active ingredient in the cigarette, nicotine, which makes people so addicted. Electronic cigarettes are the newest method to quit smoking. The product has become very popular in Europe and most manufacturers of this alternative solution are Chinese based companies. The electronic cigarette is basically a

Islam & clash of civilizations Term Paper Example | Topics and Well Written Essays - 1000 words

Islam & clash of civilizations - Term Paper Example If culture would be the main driving force, then what is culture? There could be hundreds of meanings just for a single world. Summarizing these meanings, it is defined as the collection of philosophies and concepts which are being shared by people. However, the United Nations Educational, Scientific and Cultural Organization (UNESCO) expounded on the meaning of the word as: â€Å"the set of distinctive spiritual, material, intellectual and emotional features of a society or a social group, and encompasses, in addition to art and literature, lifestyles, ways of living together with value systems, traditions, and beliefs† (Dilworth & Maital, 30). With these presented to the public, what is happening after the Cold War is a product of diverse beliefs of people who were ruled by leaders who influenced them in having such views. Huntington also puts in a higher cultural grouping of people which is the civilization. He divided human kind into several major civilizations. Amongst these civilizations, what is more prominent especially in the news is the Islamic civilization. They are not just fighting for their civilization to be the strongest but they are also fighting that their religion is more superior to what is dominating the other civilizations (Huntington, 25; Gogstad, 1). There have been published materials that are pointing to the Islamic civilization to be the most susceptible in clashes towards the other civilizations. It was more likely that the clashes began with the Islamic civilization going against the West. One conflict though is that a country who belongs to the Islamic civilization is an ally of the West. This country is Saudi Arabia. The West imports its oil from Saudi Arabia which makes the West one of the key importers of its economy (Brooks, A27; Barber, 4-5; Chomsky). Huntington’s thesis was written in 1993 where the emergence of wars in the Middle East began. It was the time when the West

Word Processing Assignment Example | Topics and Well Written Essays - 500 words

Word Processing - Assignment Example Many people therefore access PCs since they are affordable rather than purchasing the Mac computers. In another case concerning better variety aspects, PCs are available with numerous configurations compared to Mac computers which have less variety because of being limited to only Mac Mini, iMac and Mac Pro (Towers, 32). The PCs have a better broadband support which involves the Internet Service Provider (ISP) compared to Mac machine which do no effectively work with the ISP. On the other hand Mac allows running windows via Boot Camp in a way which is legal as PCs posses a support system which is wide in terms of freeware and ecosystem options. The Internet Service Provider (ISP) such as broad bands has been introduced in relation to PCs and Mac computers usage (Towers, 12). There are many pros and cons in relation to PCs and Mac machines such as computers. In respect to pros of the PCs, compatibility is enhanced since every application; either game or driver will work on windows in context. Another pro of the PCs is that there is enhancement of technical support since there are many users who can offer one help with windows. The cons of the PCs include, the availability of viruses making individuals to buy anti-virus programs although free ones are available (Towers, 18). Another con is that PCs be come slow since their windows require a lot of computer resources such as processor. On the other hand, pros of the Mac computer include, Apple Macs almost having no viruses compared to PCs. One of the cons of the Mac computers is that they are expensive compared to PCs and they are only available on Apple computers. I recommend that one should use the Mac computers since they are more convenient compared to PCs. The PCs are old-fashioned and traditionally based while the Mac computers are the modern ones technologically. When Mac computers are purchased, they are not pre-loaded with trial ware and crapware unlike PCs which need new pre-installed programs.

Arab culture class Research Paper Example | Topics and Well Written Essays - 1000 words

Arab culture class - Research Paper Example laimed that women involved in the social service project had two significant reasons; engaging in such projects, where they would expand the horizons, gain practical knowledge and direct focus outwards. The other reason was that the projects would confront the perceptions towards women as objects of pleasure and people who need protection. The paper will focus on exploring the life of Huda Shaarawi; by identifying some of the events, she was involved, whereby leading to a significant impact to women in the society. Shaarawi was raised in harem system that was attributed to women isolation and obscurity, whereby the families with affluence were separated from the rest of the population in order to protect their women, and function as massagers of international issues. Moreover, the term harem referred to the rooms that women stayed, where they were separated from men, though the women, either poor or rich were against the obscurity, except for the peasants in the countryside. In addition, there were cultural traditions of harem system, which was followed by the Jewish, Christians and Muslim. Shaarawi established the Egyptian Feministic Union in 1923, it is still function in the present and they focus on various issues such as inclusion of womens suffrage and education (Shaarawi, 10). Moreover, Shaarawi worked enthusiastically against restriction of women in terms of dressing, and freedom movement that were key issues in harem system. She underwent evolution thought her life, under the influence of the inequalities that she withstood in life, education, during her marriage, and the dynamism in the world. In fact, there was the announcement of independence in Egypt, in 1922, whereby women were required to revert to their initial life in harem, when they were fighting for their freedom. Shaarawi focused on the elevating problems faced by the poor by establishing charitable activities of those who were wealthy, in terms of the contributions to education programs. In

Word Processing Assignment Example | Topics and Well Written Essays - 500 words

Word Processing - Assignment Example Many people therefore access PCs since they are affordable rather than purchasing the Mac computers. In another case concerning better variety aspects, PCs are available with numerous configurations compared to Mac computers which have less variety because of being limited to only Mac Mini, iMac and Mac Pro (Towers, 32). The PCs have a better broadband support which involves the Internet Service Provider (ISP) compared to Mac machine which do no effectively work with the ISP. On the other hand Mac allows running windows via Boot Camp in a way which is legal as PCs posses a support system which is wide in terms of freeware and ecosystem options. The Internet Service Provider (ISP) such as broad bands has been introduced in relation to PCs and Mac computers usage (Towers, 12). There are many pros and cons in relation to PCs and Mac machines such as computers. In respect to pros of the PCs, compatibility is enhanced since every application; either game or driver will work on windows in context. Another pro of the PCs is that there is enhancement of technical support since there are many users who can offer one help with windows. The cons of the PCs include, the availability of viruses making individuals to buy anti-virus programs although free ones are available (Towers, 18). Another con is that PCs be come slow since their windows require a lot of computer resources such as processor. On the other hand, pros of the Mac computer include, Apple Macs almost having no viruses compared to PCs. One of the cons of the Mac computers is that they are expensive compared to PCs and they are only available on Apple computers. I recommend that one should use the Mac computers since they are more convenient compared to PCs. The PCs are old-fashioned and traditionally based while the Mac computers are the modern ones technologically. When Mac computers are purchased, they are not pre-loaded with trial ware and crapware unlike PCs which need new pre-installed programs.

Different between personal management and HR management Essay

Different between personal management and HR management - Essay Example Main body contains the appropriate representation of the information together with the critical analysis. The comparative analysis together with describing basic approaches in the personnel management and human resource management are included. The information is supported by the examples from different investigations in this area. The conclusion provides an assumption of the given information. The method used is particularized examination of the literature together with the critical summarizing and personal inferences on the topic. The research works of different scholars together with logical argumentation is included to the paper. The notion of management is considered to be extremely important and serious issue concerning the question of productivity and atmosphere at work. Moreover, that is remained to be an obligatory thing in the process of work, and is straightforwardly connected with people. It is possible to talk about personnel management (PM) and human resource management (HRM) in such a case. They are regarded as two basic directions in the dimension of people management (Henderson, 2011). Some theorists in this sphere understand these two types of management as similar and regard them as interchangeable (Henderson, 2011). Still, it should be admitted that personnel management and human resource management reveal some differences that are under a big importance in present-day organization of work. It is relevant to mention that PM and HRM can be characterized according to the number of principles that describe their functioning and reveal differences between them. It is possible to name origin, strategic nature, psychological contact, job design, organizational structure, remuneration and recruitment, employee relations perspective and criteria for success of the function (Henderson, 2011). All of them are considered to be highly important in the construction of people management in general and each type in particular. The

Motivation is a very significant part of any sporting performance at any level Essay Example for Free

Motivation is a very significant part of any sporting performance at any level Essay We are going to need big characters out there who can dig deep and show real fight and courage. (Clive Woodward) Motivation is a very significant part of any sporting performance at any level. Motivation can be defined as, a physiological drive to fulfil a particular need (Davis et al, 1991). Sporting performers can either be intrinsically or extrinsically motivated. This is dependent on what the sportsman is motivated by. Intrinsic can be defined as, pure love of the sport (Wesson et al, 2000). This would probably apply more to beginners and novices because you are some what interested in the sport, whereas elite athletes and professionals are often extrinsically motivated as there are big prizes to be one when sport is done to an elite level. As suggested by Davis et al,1998 extrinsic motivation stems from other people, through positive and negative reinforcement, and from tangible rewards such as trophies and money. There are a few theories that are linked to motivation concerning arousal and its influence on a participants performance. The Drive Theory (Hull, 1943) suggests that as the level of arousal increases the quality of the performance should increase. This means that the arousal and performance are directly proportional, this is very true to a certain extent however it does have a limitation as it does not take into consideration over arousal which would have an effect on the performance. A theory that did take this into consideration is the inverted U Hypothesis (Yerkes and Dodson, 1908). This theory suggested that increased arousal improves performance only to a certain point after which further increased levels of arousal will have an adverse effect. As you can see from the Inverted U Hypothesis over arousal causes performance levels to drop. A This is when the participant is under aroused is not at optimum performance. B This is the where the participant is at optimum arousal level and is performing to the best of his/her ability. C This where the participant is over aroused and again not performing to his potential. Most sports require different levels of arousal, for example a fine skilled sport like snooker would require very low levels of arousal whereas a gross skilled sport like boxing would require a very high level of arousal. For this reason a graph called the Inverted U theory and Task Type was created. The inverted U are specific for different sports: A a fine skilled sport such as snooker. B a moderate skilled sport such as football. C a gross skilled sport such as boxing. The small red box at the top of each inverted U is the zoof (). There are two categories that people fit into. These include NaF (need to avoid failure) and NAch (need to achieve). A NaF person is a person who is motivated to avoid failure in order not to experience the feelings of shame or humiliation that will result if failure occurs. This person introvert and would be withdrawn, nervous and would not appreciate feedback. Whereas a HAch person is someone who is motivated to achieve success for the feeling of pride and satisfaction they will experience, this person is lightly to be a extravert and would be out-going, enthusiastic and would like feedback. There are different ways to motivate these two types of people. For a NAch person, if wanted to keep them motivated you would give lots of feedback and be quite critical about their performance, this is because in the long run it would aid performance. You would also set task orientating goals and maybe make him/her some sort of leader. Internal factors are usually what motivate a NAch person. For a NaF person you would dwell on the positive points of his/her performance, you would also set very easily reachable goals to avoid any failure and ultimately to boost confidents. External factor are usually what motivates a NaF person. To set goals there is a specific process that is devise specially to ensure not to demotivate the participant. Specific to the sport, the individual or the level at which the sport is bei being performed. Measurable to be able to measure the progress towards achieving the goals. Achievable to prevent far fetched goals that will just demotivate the team/ team/sportsman. Realistic to prevent far fetched goals that will just demotivate the team/ team/sportsman. Time-phased specified to individual needs. Exciting to maintain motivation. Recorded to ensure the agreement. (S.M.A.R.T.E.R.) In all sport motivation is one of the most important things to aid a successful performance. In conclusion, referring back to the question motivation can be responsible for enhancing sporting performance in all competitive games. This is true if I look back to all my reasoning above.

The Globalization of Anime Essay -- The Merging of Cultures

Anime is an art form as it expresses cultural phenomena about Japan and its people. Like most other countries, cartoon has existed in Japan throughout the 20th century and onward, which began with traditional drawings and comics that dealt with political, social, and historical themes. However, what separates anime from the rest is that the anime included a huge portion of Japanese culture within it. In every series that aired, they include special holidays like Natsu Matsuri—summer festival, tea ceremony, traditional clothing such as kimono, etc. One could, from watching anime, notice the characters’ behavior are different and food and customs are different from American or western cartoon. Strangely, these differences in the anime, eastern media features, appeared in the philosophy of Confucius. Confucianism has played an important role in creating and maintaining the social values and order such as forgiveness, manner, respect, loyalty, and honesty since the sixth century. While Japanese society has become so much different since the early postwar era, these same principles are still highly valued as they are in some other forms. Recent shà ´nen anime, anime for pre-teen and teen-age boys like Naruto and Bleach, is hooking their viewer with interesting storylines and action scenes while Confucian values spread. As this culture value mixed in, anime became interesting and seem to attract a wider audience every day because of its ability to make its audiences to see themselves in the show. The success of anime began with the famous Japanese artist Osamu Tezuka, one of the founding fathers of Japanese anime and manga. In the 1960s, Tezuka became a famous manga artist and was given the credit of creating Japan's modern anime i... ...r. Ed. Frank J. Lechner and John Boli. 4th ed. New York: Wiley-Blackwell, 2012. 88-94. Print. Focus on the idea of both the global and the local are affecting the world at the same time while globalization process keep spreading. Sen, Amartya. "How to Judge Globalism." The Globalization Reader. Ed. Frank J. Lechner and John Boli. 4th ed. New York: Wiley-Blackwell, 2012. 17-21. Print. Analyze more a better way to understand what actually globalization is while making a point that globalization is also beneficial to the whole world. Wang, Georgette and Yeh, Emilie Yueh-yu. Globalization and Hybridization in Cultural Production: A Tale of Two Films. Hong Kong: David C. Lam Institute for East-West Studies, 2005. LEWI Working Paper Series no 36. Illustrate the processes of hybridization, and the conclusion on the debate on the globalization of culture.

Analysis of Pride and Prejudice by Jane Austen Essay -- Pride and Prej

Analysis of Pride and Prejudice by Jane Austen It centers on the elder sisters of the Bennet family, Jane and Elizabeth. Their personalities, misunderstandings and the roles of pride and prejudice play a large part in the development of their individual relationships. The spirited Elizabeth and softhearted Jane have to deal with not only their own feelings but also the status of their family, both of which affect the outcomes of their marriages. The struggle is very believable and realistic because the story takes place a long time ago. The way people interact with each other today is quite different than how they would interact with each other back then. Pride and Prejudice is an appropriate name for the book. These notions permeate the novel thoroughly, especially in the views of Elizabeth and Darcy. Jane's temperance does not allow for these qualities to exist in her personality. Mr. Darcy is characterized as a proud, haughty, arrogant man and ends up almost immediately alienating himself from the townspeople. This opinion arises after he refuses to dance with the young ladies who have attended the ball and his obvious reluctance to talk to anyone. His pride was said to come from his extreme wealth. Our first introduction to pride and prejudice is at a ball Mr. Bingley throws. His sisters and a dear friend of his, Mr. Darcy, accompany him. Eighteenth-century England was quite preoccupied with status, especially concerning wealth and reputation. Darcy's reluctance to speak with anyone stemmed from his lack of respect for anyone outside his close-knit circle. His good breeding was obvious only to those whom he knew well. Elizabeth is prejudiced against Darcy for entirely different reasons. She rec... ...l fortune of her own, as did Mr. Bennet. They did not love each other but stayed together, proving to an extent the family values of the time. Mrs. Collins married for the sake of getting married and settling down. Her desire to have a family of her own overrode the many failings of the man she married. Fortunately some marriages were based on love. Jane and Elizabeth found the perfect matches. Their beaus were good, principled, financially secure men. Austen presents the two major contrasting types of marriages. Both kinds reflect the mentality of that time period. I enjoyed this book immensely. Jane Austen's style of writing delights me. Her work may not be profound but it is insightful, and light-hearted. Her characters are distinct and universal. Elizabeth is one of my favorite literary characters. Her confidence, wit and spirit can only be enjoyed.

Regret: Best Friend

We did everything together, and I thought nothing could tear our friendship apart, but I was wrong. As the years past by, Rachel started making more friends and I felt that was being left out a lot and less popular. Our friendship was still there, but until one day, when a little misunderstanding due to Jealousy caused us to drift apart. That misunderstanding was the biggest regret of my teenage years. â€Å"Hey Rachel I heard your birthday is coming up and you are going have a party. Am I invited? † Nicole asked her. â€Å"Am I invited too? A group of girls, her new friends crowded around her table, filled with curiosity whether they were invited. Rachel then whipped out a stack of invitation cards out from her bag and said, â€Å"l got my invitation cards here. You guys will find out whether you got invited later. So, shoo! I'm trying to study here. † The crowd then dispersed, going back to their seats. I wondered if I was being Invited too. Yet I naturally assumed t hat I was as If I was her best friend. In between classes, I saw Rachel Glenn out Invitations. Those who got Invited all squealed In delight upon receiving It.I sat on the edge of my seat, expecting to receive my invitation. But by the end of the day, I left school empty handed. I could not believe I did not receive any invitation from Rachel It's just not fair. Fury and jealousy overwhelmed me. My blood started to boil. Did Rachel really treat me as her best friend? All she cares is popularity. Out of hatred, I tested everybody her biggest secret. The secret that she trusted me wholeheartedly with. Tested and revealed that her parents were divorced. All of the sudden, I heard a familiar voice calling out for me, â€Å"Shania! Here's your invitation! † I stopped momentarily. My blood went cold.Invitation? She Invited me to her arty? â€Å"Here,† she shoved the pink envelope Into my hand, â€Å"I'm sure you are coming. † I nodded my head shakily. Oh no. I shouldn 't have done that! Why did I do it? Worry and anxiety overwhelmed me. There was nothing I could do to take back my actions. Just then Nicole walked out of the school gates and gasped out loud while looking at her phone. She then saw Rachel and approached her, saying, â€Å"l am so sorry that your parents are divorced. † Nicole gave her a quick hug and left. Rachel stood still. Her eyes widened with shock. Why did Nicole say that? The moment Rachel regained her senses, she glared at me.MUD. You are the one behind this. You are the only one who knows my greatest secret. I trusted you, because you are my best friend. I can't believe you told Nicole? You know I hate It when people know about my personal affairs! † â€Å"I'm sorry†¦ I TLD mean to tell everyone your secret! † I apologized to her. â€Å"Everyone? You told everyone? † Muttering to herself, â€Å"l can't believe I was dumb enough to tell you my secret. † She onwards, I made a resolution never to Jump to conclusions so hastily ever again. Friendships took years to build and could be destroyed so rapidly. Regret cursed through me.

Families need fathers Essay

The debate, â€Å"Families need fathers† is one in which there are many issues that need to be considered when looking at the question. Family poverty, domestic violence, the effect on children and family stereotypes by society all need to be considered in the debate. Recent surveys have shown that fathers also need families and therefore making the matter more complicated. Fathers still remain important in our society because family poverty is still largely prevented by the existence of a male, full time worker’s wage in a household. Due to the patriarchal nature of our society, women find it difficult to obtain appropriate work to fit in with custody of children. In a Social Trends survey the rise in mothers working part time form 49 percent in 1973 to 64 percent in 1994. This often means working in low paid, part time jobs with little chance that mothers’ earnings alone will be able to cover the cost of subsistence for themselves, never mind there children. Those who do work full time do not necessarily escape from economic dependence, choosing to work and pay for childcare may well prove uneconomic for large numbers of the working class. There is very little publicly provided care which fits the needs of working mothers: most pre school care is part time and infused with the ideology of education, rather then care and education. A large proportion of their income is spent on childcare and as childcare in Britain is the most expensive in Europe, lack of affordable childcare prevents the lone mother entering the labour market emphasising the need for fathers, or a male wage in the family. â€Å"Married men work harder, earn more and are more likely to have a job then other men†, according to Rowthorn and Ormerod, therefore preventing family poverty, although the modern woman is striking back. Nowadays it is easier to be a single mother. Welfare benefits, job opportunities, and the support of nurseries, playgroups and schools make it easier for single mothers to provide for their families alone. The Family Futures Report conducted by Graeme Leach predicts that by the year 2020 women will have become the main earners in at least half of all households. The feminisation of the work place will force companies to create a â€Å"mother-track† career as many companies will prefer the work of women to men meaning that affordable childcare will become available and the 20 percent pay gap will have disappeared. Even now, women’s contributions through earnings are important in reducing the family’s vulnerability to poverty. Families with 1 or 2 children were at the greatest risk of poverty without the earnings of the wife. In 1990, for example, people in households where the husband worked but the wife did not, had a 4 to 6 times higher risk of being in the bottom income quintile then those where both parents were working. Gittins (1993) states that more divorced men remarry showing that women have more independence and less need for a relationship, the family does not need a father or male figure to survive. The effect on children growing up without a father is one of the main focuses on the debate as there is a great deal of evidence to suggest that this has an enormous impact on the emotional and physical health of the child. Dennis and Erdos (1993) argued that research into the effect of fatherless families showed that † unless a child is brought up in the constant atmosphere of human beings negotiating, co-operating, controlling their anger, affecting reconciliation’s, he (sic) cannot learn what it is to be an effective member of a social group†¦ for this he needs the presence of two adults in close interaction constantly in his immediate environment. † Fatherless families are seen as contributing to the rise of educational failure, welfare dependency, and involvement in crime and drug abuse among young people, especially young boys from council estates. Indeed, only a quarter of persistent young offenders lived with two parents and that included step parents and mother’s boyfriends, 4 out of 5 children going into care have lone parents and on American and British council estates it was found that the higher the percentage of lone parent households, the higher the percentage of crime and burglary. These statistics show that it is not just families that need fathers; society also needs them as well. The concern for the effect of divorce on children is being researched more and more as divorce rates are becoming higher, one in three marriages now end in divorce and the effect on children is being examined closely. Rowthorn and Ormerod state that â€Å"on every measure of achievement and emotional condition, children living with their married parents usually do better then other children† although it is often hard to distinguish between the effects of marriage and divorce and other factors such as poverty and racism. Nevertheless, divorce often means poor exam results, damaged health and stress and four times the risk of needing psychiatric help as a child. Dr Richards took 17,000 children from the National Child Development Survey and monitored their lives at intervals until they were 35. He discovered that children, whose parents had divorced before they were 16, were on average less emotionally stable, left home earlier, and divorced or separated more frequently. However, this study was concerned with children of the middle class in 1958, and from then till now, social attitudes have changed as divorce is much more acceptable then it was in the fifties and therefore children are less affected by it, but most studies show the more involved the father; the better developed the child intellectually and socially. This view that children are affected by the absence of a father in the family is one to be contested. The latest research for the Joseph Rowntree Foundation shows that the absence of one or other parent figure from a household is not the aspect of separation which most effects the child’s development. Children are not necessarily harmed by divorce providing the parents split in an amicable fashion and good regular contact with the absent father can reduce some of the ill effects of divorce.

China and Usa: a Comparison of Their Monetary Policies

University of International Business and Economics China and USA: A comparison of their Monetary Policies. Mid-term Project School of International Trade and Economics BY Rebecca Bogiri Professor: LIN GUIJIN Beijing, China 2 December 2009 China and USA: A comparison of their Monetary Policies. By: Rebecca Bogiri December 2009 Abstract The monetary policies of USA and China is analyzed here from the perspective of their implementing bodies, their choice of instruments, and their means of setting their interest rates. The analysis reveals that there are immense differences between the two countries resulting from the nature and degree of influence from their respective domestic political systems. The paper concludes that China has a complex political economy that represents a hybrid of private ownership and state control. Therefore unlike the USA, its monetary policies are subject to political influence. Keywords: Monetary policy; Monetary policy instruments; Balance Sheet; China; USA Author’s email: becky. [email  protected] com ContentsPage Abstract †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 1 Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3 USA Monetary Policy †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 China Monetary Policy †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 7 Comparison of China and USA’s monetary policies †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 9 Conclusion †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦. 10 References †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 11 1. Introduction Monetary Policy is the process by which the government, central bank, or monetary authority of a country controls (1) the supply of money, (2) the availability of money, and (3) the interest rate, in order to attain a set of objectives oriented towards the growth and stability of the economy. This paper refers the above theme to two countries: China and USA. As such, there are three broad objectives. The first is to discuss monetary policy generally as carried out in the USA. The second is to discuss monetary policy generally as it is carried out in China. The third is to compare and analyze the way monetary policy is implemented in the two countries. 2. USA Monetary Policy How is the Federal Reserve structured? The Federal Reserve System (called the Fed, for short) is the nation's central bank. It was established by the Federal Reserve Act[1] and consists of the Board of Governors in Washington, D. C. , and twelve Federal Reserve District Banks. The Congress structured the Fed to be independent within the government. Therefore although the Fed is accountable to the Congress and its goals are set by law, its conduct of monetary policy is insulated from day-to-day political pressures. This reflects the conviction that the people who control the country's money supply should be independent of the people who frame the government's spending decisions. What makes the Fed independent? Three structural features give the Fed independence in its conduct of monetary policy: the appointment procedure for Governors, the appointment procedure for Reserve Bank Presidents, and funding. Appointment procedure for Governors:  The seven Governors on the Federal Reserve Board are appointed by the President of the United States and confirmed by the Senate. Independence derives from a couple of factors: first, the appointments are staggered to reduce the chance that a single U. S. President could â€Å"load† the Board with appointees; second, their terms of office are 14 years–much longer than elected officials' terms. Appointment procedure for Reserve Bank Presidents: Each Reserve Bank President is appointed to a five-year term by that Bank's Board of Directors, subject to final approval by the Board of Governors. This procedure adds to independence because the Directors of each Reserve Bank are not chosen by politicians but are selected to provide a cross-section of interests within the region, including those of depository institutions, nonfinancial businesses, labor, and the public. Funding:  The Fed is structured to be self-sufficient in the sense that it meets its operating expenses primarily from the interest earnings on its portfolio of securities. Therefore, it is independent of Congressional decisions about appropriations. How is the Fed â€Å"independent within the government†? Even though the Fed is independent of Congressional appropriations and administrative control, it is ultimately accountable to Congress and comes under government audit and review. Fed officials report regularly to the Congress on monetary policy, regulatory policy, and a variety of other issues, and they meet with senior Administration officials to discuss the Federal Reserve's and the federal government's economic programs. The Fed also reports to Congress on its finances. Who makes monetary policy? The Fed's FOMC (Federal Open Market Committee) has primary responsibility for conducting monetary policy. The FOMC meets in Washington eight times a year and has twelve members: the seven members of the Board of Governors, the President of the Federal Reserve Bank of New York, and four of the other Reserve Bank Presidents, who serve in rotation. The remaining Reserve Bank Presidents contribute to the Committee's discussions and deliberations. In addition, the Directors of each Reserve Bank contribute to monetary policy by making recommendations about the appropriate discount rate, which are subject to final approval by the Governors. Objective of Monetary policy Monetary policy has two basic goals: to promote â€Å"maximum† sustainable output and employment and to promote â€Å"stable† prices. These goals are prescribed in a 1977 amendment to the Federal Reserve Act. In the long run, the amount of goods and services the economy produces (output) and the number of jobs it generates (employment) both depend on factors other than monetary policy. These factors include technology and people's preferences for saving, risk, and work effort. So, maximum sustainable output and employment mean the levels consistent with these factors in the long run. But the economy goes through business cycles in which output and employment are above or below their long-run levels. Even though monetary policy can't affect either output or employment in the long run, it can affect them in the short run. For example, when demand weakens and there's a recession, the Fed can stimulate the economy temporarily and help push it back toward its long-run level of output by lowering interest rates. That's why stabilizing the economy, or smoothing out the peaks and valleys in output and employment around their long-run growth paths—is a key short-run objective for the Fed and many other central banks. USA Federal Reserve – Balance Sheet |ASSETS |LIABILITIES |Gold and Foreign Exchange |Currency | | |Held by public | | |Vault cash | |Federal Reserve Credit |Bank Deposits | |Loans & Discounts | | |Government Securities | | |Other credits | | Source: Federal Reserve Bulletin, May 1996. Monetary policy instruments The Federal Reserve has three instruments for controlling the money supply. They are: 1. Open Market Operations 2. The discount rate; and 3. The required reserve ratio. When using Open market operations, the Fed buys or sells government securities to affect the leve l of the money supply. For example, if the Fed wishes to increase the money supply by $2 million, it will purchase government securities worth $ 2 million. The Fed’s assets increase by $ 2 million under the securities heading. In order to pay for the government security, the Fed writes a check on itself. In return for the bond, the seller receives a check instructing the Fed to pay the seller $ 2 million. The seller then takes the check to his bank, which credits the depositor with $ 2 million, and then deposits the check at the Fed. The bank has an account with the Fed, which is now credited with $ 2 million. Thus the Fed’s liabilities increase by $ 2 million under the heading of bank deposits, as the commercial bank has just increased its reserves by $ 2 million which are held by the first instance as a deposit at the Fed. Another monetary policy instrument used to affect the level of the money supply is the Discount rate, which is the interest rate charged by the Fed to banks that borrow from it to temporary needs for reserves. Increasing the discount rate discourages banks from borrowing from the Fed, while lowering the rate encourages banks to borrow from the Fed and thus increase the money supply. The required reserve ratio refers to the percentage of total deposits that the Fed requires individual financial intermediaries to keep at the Fed as reserves. The significance of the required reserve ratio is that it affects the money multiplier, and thus the level of the money supply. For example, if the Fed wants to increase the money supply, it can do so by reducing the required reserve ratio. Because there are now less reserves and more money is available for the banks to be able to meet their customer’s demand for cash. This increases the money multiplier, which also has a positive effect on the level of the money supply. Required reserves do not pay any interest, so increases in the required reserve ration has undesirable side effects on bank profits. Open market operations are nearly always the favored tool of choice by the Fed. The Fed Open Market Operations in 2008 summarizes all monetary policies and tools used by the Fed for that year. The two tables below shows the changes in the federal funds target rate, and the primary credit rate, and the interest paid on the required reserves and excess reserve balance.. These were operational measures taken by the Fed to influence the Federal funds rate. It is evident that the Fed rapidly and continually decreased the federal funds rate and the primary credit rate throughout 2008. Furthermore, on October 8th 2008 the Fed started to pay interest on despository institutions’ required and excess reserves balances as authorized to under the Financial Services Regulatory Relief Act[2]. [pic] [pic] 3. China Monetary Policy Body in charge of Monetary Policy: Monetary policy in China is conducted by the People’s Bank of China. Article 12 of the Law of the People? s Republic of  China  on the People? s Bank of China provides † the People? s Bank of China is to establish a monetary policy committee, whose responsibilities, composition and working procedures shall be prescribed by the State Council and shall be filed to the Standing Committee of the National People? s Congress. The Monetary Policy Committee shall play an important role in macroeconomic management and in the making and adjustment of monetary policy. â€Å" Rules on Monetary Policy Committee of the People? s Bank of China stipulates that the Monetary Policy Committee is a consultative body for the making of monetary policy by the PBC, whose responsibility is to advise on the formulation and adjustment of monetary policy and policy targets for a certain period, application of monetary policy instrument, major monetary policy measures and the coordination between monetary policy and other macroeconomic policies. The Committee plays its advisory role on the basis of comprehensive research on macroeconomic situations and the macro targets set by the government. The Monetary Policy Committee is composed of the PBC? Governor and two Deputy Governors, a Deputy Secretary-General of the State Council, a Vice Minister of the State Development and Reform Commission, a Vice Finance Minister, the Administrator of the State Administration of Foreign Exchange, the Chairman of China Banking Regulatory Commission, the Chairman of China Securities Regula tory Commission, the Chairman of China Insurance Regulatory Commission, the Commissioner of National Bureau of Statistics, the President of the China Association of Banks and an expert from the academia. The Monetary Policy Committee performs its functions through its regular quarterly meeting. An ad hoc meeting may be held if it is proposed by the Chairman or endorsed by more than one-third of the members of the Monetary Policy Committee. Objective of Monetary policy: The main objective of the Chinese monetary policy is to maintain the stability of the value of the currency (the Renminbi), and thereby to promote economic growth. People’s Bank of China – Balance Sheet ASSETS |LIABILITIES | |Credits to FI |Deposits of FI | | |Central Bank Reserves | | |Excess Reserves | |Foreign Exchange Reserves |Central Bank Bills | |Securities |Deposits of Treasury | | |Currency in Circulation | Source: AE502 Macroeconomic Analysis Monetary Policy Instruments The People’s Bank of China in conducting Monetary policy has several instruments at its disposal which include: 1. The reserve requirement ratio 2. The Central Bank base interest rate 3. Rediscounting 4. Central Bank Lending 5. Open Market Operations 6. Other policy instruments as specified by the State Council In essence, the monetary instruments listed above correspond to the descriptions given under the Fed’s monetary policy heading. However, the main tool of choice for the PBC is the reserve requirement ratio. For example, in the PBC 2008 Annual Report on Monetary Policy it was reported that in order to sterilize excess liquidity in the first half of 2008, the reserve requirement ratio was decreased cumulatively by 3 percentage points on 5 occasions. Furthermore, a lower required reserve ratio was applied to rural credit cooperatives (RCCs) and financial institutions in the quake-hit areas. Furthermore, in the second half of 2008 with the heightened international turmoil and in order to ensure ample liquidity in the banking system, the PBC further reduced the required reserve ration of financial institutions on another four occasions resulting in a cumulative decrease of 2 percentage points for large financial institutions, and a cumulative decrease of 4 percentage points for smaller financial institutions. According to PBC calculations, by the end of 2008 a total of 800 billion yuan of liquidity was released into the economy. The choice of the reserve requirement ratio as the mail policy instrument is not coincidental to China which runs a high current account surplus. There is a large and growing demand for the RMB, and to maintain the RMB at the desired level the PBC issues RMB to meet this demand thereby increasing the money circulating in China. To keep inflation and economic growth under control, the PBC sterilizes its foreign exchange market interventions by buying back some of the RMB it issued to buy US dollar. In particular, it does so by selling low yield government securities to state-owned banks. So far, the banks have been able to absorb those low yield bonds in part because the interest rates paid on them bank deposits are also maintained at artificially low rates. Nonetheless, the increases in foreign reserves are not fully neutralized. Over the last five years broad money supply in China has been growing at above 15% per annum while real economic growth has averaged about 10. 5%. [3] Furthermore unlike more developed market economies, China is reluctant to raise domestic interest rates to slow its domestic growth. Doing so might mean attracting more capital inflows, which would in turn, require further money issuance to stabilize the exchange rate. That is precisely why the PBC instead changes the reserve requirement ratio on an ongoing basis to control the expansion of money and credit. 4. Comparison of China and USA’s monetary policies There are three main differences between China and the United States where monetary policy is concerned: independence of the monetary policy implementing body, choice of instruments to use in implementing monetary policy, and direct or indirect means of setting interest rates to effect monetary policy. Furthermore, these three differences are inter-related and country specific. The first major difference between the Federal Reserve System (the Fed) and the People’s Bank of China (PBC) concerns their independence from national politics. The intention of Congress when designing the Federal Reserve Act was to keep politics out of monetary politics. The Fed is totally independent of other branches and agencies of the government. Furthermore, it is self financed and therefore is not subject to the congressional budgetary process. On the other hand, the PBC is not independent from national politics in China. The PBC reports directly to the State Council which serves as China’s cabinet as well as its highest executive body. Moreover, monetary policy in China is aimed at limiting the appreciation of the renminbi (RMB), while eeping economic growth at a sustainable pace and inflation under control plus preserving a fragile banking system. The Fed in contrast implements a monetary policy that has a dual objective of maximum employment and price stabilit y. The second difference regards the choice of the monetary policy instruments used by the Fed as opposed to the PBC. The choice of instruments used in implementing monetary is essentially the same, except that the PBC has the an additional instrument; namely â€Å"additional instruments as specified by the State Council. † It is therefore no surprise that this ‘extra instrument’ arises from the lack of independence on the part of the PBC. The third difference between the Fed and the PBC lies in the way they set the interest rates. The Fed sets its federal funds rate indirectly by setting a specified target rate and then using the the tools of monetary policy (open market operations, discount window lending, and reserve requirements) to achieve that target rate. As a result, the changes in the federal fund rates trigger a chain of events that affect other short term interest rates, long term interest rates, the amount of money and credit in the economy, plus other macro-economic variables such as employment, growth and the prices of goods and services. In contrast, the PBC has a direct influence on its interest rate because of the extra instrument described above. Because there is provision for other policy instruments as specified by State Council, this allows the PBC to set interest rates directly, and thus have a direct impact on the its balance sheet. 5. Conclusion There are major differences in monetary policy and central banking in China and the USA. China has a complex political economy that represents a hybrid of private ownership and state control. Therefore, the PBC’s monetary policies, choice of instruments and methods of implementation are quite different from that of the Fed. Monetary policy in China aims at curbing the appreciation of the RMB while keeping economic growth at a sustainable pace, inflation under control, and preserving a fragile banking system. This is contrasted with the Fed’s monetary policy with the dual objective of maximum employment and price stability. Different monetary policy objectives, coupled with the degree of political independence on the part of the Fed and the PBC greatly influence the choice of instruments used and the method of implementing monetary policy in the two respective countries. 6. References Federal Reserve Bank of New York Domestic Open Market Operations During 2008 Federal Reserve Bank of New York: â€Å"Annual Report Domestic Open Market Operations during 2008† Federal Reserve Statistical Release 19 November 2009 Ian Sheldon, â€Å"US-China Trade Policy: Who gains from a rise in the Yuan? † at http://aede. osu. edu/programs/Anderson/trade Luc de Wulf and David Goldsbrough, â€Å"The Evolving Role of Monetary Policy in China†, IMF Staff Papers WP/04/125 Michael Moskow and Cathy Lemieux â€Å"China up close: Understanding the Chinese economy and financial system†, at www. chigacofed. org People’s Bank of China Monetary Policy Annual Report 2008 Peter Stella, â€Å"The Federal Reserve System Balance Sheet: What Happened and Why it matters† IMF Staff Papers WP/09/120 Financial Services Regulatory Relief Act 2006 (USA) Federal Reserve Act 1913 (USA) Law of the People’s Republic of China on the People’s Bank of China 1995 (China) http://www. frbsf. org/publications/federalreserve/monetary/structure. html http://www. pbc. gov. cn/english/huobizhengce/MPC. asp http://en. wikipedia. org/wiki/Monetary_policy ———————– [1] 1913 [2] 2006 [3] China close up (2008)