Monday, September 30, 2019

Ancient Rome Essay

†¢ It is not acceptable to simply say â€Å"the two civilizations were similar and different† – specify specifically how they are similar and different †¢ Possible Prompt: Analyze similarities and differences in techniques of imperial administration in TWO of the following empires. – Han China (206 B. C. E. –220 C. E. ) – Mauryan/Gupta India (320 B. C. E. –550 C. E. ) – Imperial Rome (31 B. C. E. –476 C. E. )Example †¢ The political system of Han China is similar to the Guptan Empire in that both included strict laws and stressed the importance of your role in society. A major difference between these administrations is that in Han China the king was fully in charge, even revered, while in the Mauryan/Guptan Empire priests were at the top of the hierarchy. Example †¢ The imperial administration of Han China and Imperial Rome were similar because they were both headed by an emperor. However, they differed in their treatment of the emperor. In Han China a ruler’s decisions, if detrimental to society, could be questioned. While in Rome, what the emperor decreed could not be questioned. What do I need for my thesis? †¢ You must address 1 specific similarity and 1 specific difference. †¢ i. e. Both the Empires of China and Rome were ruled by an emperor who maintained imperial control, however, the Chinese instituted a system of scholar bureaucrats that gained their position through merit, while the Romans never achieved such an elaborate bureaucracy. What is a direct comparison? †¢ This is a comparison that is not split between paragraphs or by other sentences. It must be one or two sentences that compare one subject of the comparison to another. †¢ Your comparisons should be supported by evidence to support your statement. Example Direct Comparison: While both the Roman and Han (or Gupta) Empires left behind many achievements, the Han (or Gupta) were much more technologically and culturally creative. Evidence: – The Romans took much of their culture from the Greeks, such as their religion, artwork and architecture. – While the Romans had aqueducts, roads and other great works, much of this was taken from others and improved upon. The Gupta on the other hand came up with the concept of zero and a base 10 number system that is still in use today. – The Romans relied on slavery for their source of labor, while the Chinese relied upon free peasants. This led to technological stagnation on the part of the Romans, while the Chinese were able to (insert pieces of specific evidence here). What is analysis? †¢ This is where you explain why. †¢ You tell the reader what caused this similarity or difference to occur. †¢ This is usually a because sentence and the most difficult part of the comparison essay. †¢ The reason that the Guptan bureaucracy was never as elaborate as that of the Chinese was because†¦. View as multi-pages TOPICS IN THIS DOCUMENT China, Difference, Ancient Rome, Han Chinese, Qing Dynasty, Similarity, Roman Empire, Imperial examination RELATED DOCUMENTS China Essay †¦ From 1403 to about 1492 China participated in numerous voyages led by Zheng He, the leader of their maritime operations, including the visiting of 37 countries and traveling through the Atlantic Ocean around the tip of Africa and beyond Europe (pg 202). Countries such as Ceylon, India, and the Persian Gulf were a few of their stops along the way. These voyages proved that China was the supreme world sea power whose shipbuilding techniques and navigational†¦ 471   Words | 3   Pages READ FULL DOCUMENT Rome vs. Han China Research Paper †¦ Han China Vs. Imperial Rome The Han Dynasty and Imperial Rome were both large and powerful empires that existed during the Classical Period. The Han Dynasty and Imperial Rome had some major similarities as well as differences. The Han Dynasty had a similar government system as Imperial Rome, the empires’ governments made the same mistakes that led to similar declines; however the government’s involvement and view on†¦ 471   Words | 3   Pages READ FULL DOCUMENT Athens vs Han China Dbq Essay †¦ 10/17/12 DBQ Athens vs Han China In the 5th century BCE Sparta and Athens constantly battled for 27 years for the number one spot in Greece. Despite being at war for such a long time, Athens made their culture most memorable in our world’s history. Athens, located in Attica was rather small surprisingly, smaller then Rhode Island. Athens was known for it’s talent; like we know today, Pericles, Plato, Socrates and more. While Athens Greece was prospering,†¦ 471   Words | 3   Pages READ FULL DOCUMENT Religion in China Essay †¦ Chapter 12 of gamer deals solely with the topic of religion in China. Right away it is told that the Chinese do not worship any one god, diety, or force. They are very spiritual but have no set predominant religion that most people worship. The Chinese culture can be said to be a mix between polytheistic, pantheistic, and atheistic. In the past some sinologists and sociologists such as Jan De Groot and C. K. Yang have sought to fully understand China’s religious position and†¦ 471   Words | 3   Pages READ FULL DOCUMENT Essay about Introduction to China †¦? Introduction to China Cheng Ho Cheng Ho Cheng Ho (1371 – 1433) was a eunuch in the service of the Ming emperor Yung-lo and commander in chief of the Chinese expeditionary fleet to the South Seas in the early years of the 15th century. Born into a family named Ma, presumably of Mongol-Arab origin, in central Yunnan Province, Cheng Ho was selected to be†¦ 471   Words | 5   Pages READ FULL DOCUMENT Mcdonald s in China Essay †¦ McDonald’s: Is China Lovin’ it? Executive Summary This case studies McDonald’s’ business model as it develops to achieve success in the Chinese market. Issues addressed included how to retain McDonald’s’ image of cultural Americana, yet adapt to satisfy pallets and appeal to patrons in Chinese culture. 1. What is the purpose of conducting an external environmental analysis? What are the general environmental forces that could influence or have influenced McDonald’s†¦ 471   Words | 6   Pages READ FULL DOCUMENT China and Japan Essay †¦ China and Japan From 1500 to 1800, China and Japan tried to politically and economically established their countries in very different ways. Japan fought war after war for a century before they changed their ways. China on the other hand slowly established a government and used education as a tool to be politically and economically strong. Japan would later do the same. China was one of the most politically and economically strong†¦ 471   Words | 3   Pages READ FULL DOCUMENT China Doll Essay †¦ may be looking to China to ‘contract manufacture’ for them as the price there were very competitive. HCF is not match to China growing economy and this new development will definitely cause the downfall of HCF. Jeffrey had garnered the assistance of his senior management team to brainstorm on possible options HCF can look at. Although acknowledging that looking into China is in inevitable, the team was divided in the approach to be taken. First†¦ 471   Words | 4   Pages READ FULL DOCUMENT CITE THIS DOCUMENT APA (2012, 11). Han China. StudyMode. com. Retrieved 11, 2012, from http://www. studymode. com/essays/Han-China-1218267. html MLA MLA 7 CHICAGO.

Sunday, September 29, 2019

Review of the “Safety Training” Episode of The Office Television Series Essay

The mockumentary-inspired effort of the National Broadcasting Company (NBC) in presenting real life situations of workplace environment has paid off with the apparent success of the network’s American version of British BBC 2001 hit television comedy show â€Å"The Office. † The 2005 release of the TV series in the United States paved the way for the public’s realization of the various exploits existing within an organizational setting. This is primarily due to the diversified hence obvious clashing of personalities and professional attributes among office personnel. In particular, such office conflict is clearly manifested by the 47th episode of â€Å"The Office† entitled â€Å"Safety Training. † This is where Andy Bernard who is being portrayed by actor Ed Helms and who after finishing his anger management therapy, returned to Dunder Mifflin’s Scranton, Pennsylvania branch which is a fictional paper supply office. It is during this specific episode that arguments concerning employees’ egos, improper conducts and boredom have become more effectively depicted. In the said episode, Regional Manager Michael Scoot, played by actor Steve Carell, showed his usual hazardous antics, which eventually endangered an employee and required all of them to undergo safety training. This showed a thesis that anything is inevitably risky in an office environment or that any office activity, even a supposedly safety training, may go astray if the personnel involved are apparently clashing with each other and are always in conflict thus despairing people. Ultimately, the said episode which was carried out in an amusing spoof manner manifested that an office-based depression is a threat to an employee (Novak & Ramis, 2007). Lastly, such episode of â€Å"The Office† generally imparted a premise that each office equipment and machinery has its own function and possible danger which may affect both the employees and organizational performance. Hence, office employees need to protect themselves regardless of their respective conflicts in order to achieve office success. Reference Novak, B. J. & Ramis, H. (2007). Safety Training. In G. Daniels, The Office. Los Angeles: Reveille Productions.

Saturday, September 28, 2019

Assessment Of My Health Record Samples

My health record (MHR) was developed to assist the patients and the healthcare industry, and it is successful in achieving the targets. However, the system is not perfect and has problems associated with it. Out of the many problems associated with the technology, one of the most concerning is the implementation and skills to operate the system. The reason behind the above-made statement lies on the fact that the implementation of the system is costly and requires additional expenses in training and providing the training resources to the stakeholders (McAlearney et al., 2015). The training is provided to make the stakeholders comfortable and aware of the systems operations and uses. Additionally, maintaining the system also demands expertise which the healthcare units have to hire to maintain their servers and systems. Another problem that is associated with the MHR technology is the difficulties that the healthcare experts face in updating the data of the patient regularly. The people who are not comfortable with the technology also finds organising the data according to the priority a difficult task. The older patients also prefer the traditional method of their medical records because they feel comfortable with it. Other people think that the data is stored on the internet which makes the technology insecure and vulnerable to cyber-attacks (Dinev et al., 2016). Hence, in conclusion, it can be stated that no real problem is associated with the system except for the perception towards it. The problem with the implementation cost can also be ignored if the systems long-term benefits are measured. The discussed technology was designed to assist in the medical industry, and it is fulfilling its objective. The capabilities of the technology are vast, and one of the most significant of them is the e-documentation. E-documentation refers to maintaining individual’s health record including the past and present condition electronically (Walsh et al., 2017). The documents are made available online to omit the hassle of carrying the documents and worrying about their safekeeping. The documents stored electronically can also be shared with healthcare units and experts in dire situation electronically with proper authentication. As discussed in the problems, one of the biggest challenges to the deemed system is the perception of the people that the system is insecure is a myth. The reason for the above-stated statement is that the data uploaded on the servers are kept encrypted, and appropriate authentication are provided to keep it protected from the trespassers. Additionally, a unique identification is provided to the users to enhance the security even further. The system stores data electronically which offers it the capability of managing and accessing the data from geographically diverse location. The system is also capable of enhancing the capabilities of the experts and the healthcare units. The experts and the healthcare units can test and evaluate new technologies and method in the deemed platform ("eHealth Reference Platform - Australian Digital Health Agency", 2018). The system is also capable of assisting the healthcare units in managing the inventory and offer notification when needed. The deemed system’s capability has been discussed in the above section which can be evaluated to determine the benefits of the system. On evaluation, it is evident that the system offers ease in the medical process. Hence, it can be stated that the system reduces the hassle in expert and patient communication and even enhances the caring of the patients which can be of great assistance for the people with disability and seniors (Hemsley et al., 2016). One of the capabilities of the deemed system is that it offers notification to the experts which helps the experts to cite proper attention towards the patient. The documentation part is also simplified which also preserves the expert’s time which he/she can use in caring for the patients. It is evident from the discussion above that the deemed technology is costly. However, it is partially correct as after the implementation the system saves a lot of money.   For the healthcare units, the capital is preserved inventory management and testing of new systems and techniques which they can perform with assistance from the system. While the patients are financially benefitted by omitting the mailing costs and the transportation cost that the patients incur in visiting the healthcare units. The system is capable of assisting in large geographical domain which offers the benefits of assisting in the dire situation (Turvey et al., 2014). In case, the expert is not physically available to the patient due to geographical distance then the former can offer medical advice or even refer the latter to another suitable expert. Hence, it can be stated that the deemed system provides multiple benefits which should be entertained by everyone. Dinev, T., Albano, V., Xu, H., D’Atri, A., & Hart, P. (2016). Individuals’ attitudes towards electronic health records: A privacy calculus perspective. In  Advances in healthcare informatics and analytics  (pp. 19-50). Springer, Cham. eHealth Reference Platform - Australian Digital Health Agency. (2018).  Digitalhealth.gov.au. Retrieved 11 March 2018, from https://www.digitalhealth.gov.au/get-started-with-digital-health/what-is-digital-health/features-of-the-my-health-record-system/ehealth-reference-platform Hemsley, B., Georgiou, A., Carter, R., Hill, S., Higgins, I., van Vliet, P., & Balandin, S. (2016). Use of the My Health Record by people with communication disability in Australia: A review to inform the design and direction of future research.  Health Information Management Journal,  45(3), 107-115. McAlearney, A. S., Hefner, J. L., Sieck, C. J., & Huerta, T. R. (2015). The journey through grief: insights from a qualitative study of electronic health record implementation.  Health services research,  50(2), 462-488. Turvey, C., Klein, D., Fix, G., Hogan, T. P., Woods, S., Simon, S. R., ... & Wakefield, B. (2014). Blue Button use by patients to access and share health record information using the Department of Veterans Affairs' online patient portal.  Journal of the American Medical Informatics Association,  21(4), 657-663. Walsh, L., Hemsley, B., Allan, M., Adams, N., Balandin, S., Georgiou, A., ... & Hill, S. (2017). The E-health Literacy Demands of Australia's My Health Record: A Heuristic Evaluation of Usability.  Perspectives in health information management,  14(Fall).

Friday, September 27, 2019

Research Methodology and Methods Essay Example | Topics and Well Written Essays - 2750 words

Research Methodology and Methods - Essay Example Additionally, in the context of business units, innovation is regarded to be the process that allows employees to implement new idea, develop dynamic product or rather make significant changes in existing working for the growth and succession of business. According to Hana (2013) with the event of globalisation and advancement in technology the need for innovative activities, have increased for the sustainability of the organisation. Innovation is important to meet the changing demand of people and earn profitability. Additionally, it has been affirmed that in today’s competitive environment, an organisation can significantly gain the competitive advantage through stimulating its activities by implementing innovation strategies for future development. Moreover, with the increasing use of resources in the current scenario and its adverse impact over the environmental stability has significantly led organisations to contribute over the innovative activities. Furthermore, it is highlighted that innovation is not necessarily been regarded as the process of new scientific discovery rather it may also be arise from the application of existing technology based on new context . On the other hand, Betz (2011) highlighted that innovativ e technology and its management is organisational practice that allows the company to manage its overall business process. Furthermore, the innovation with the changing trend led the team members of organisation to have proper understanding of the ultimate goals and objectives of business units and avail the external and internal opportunities in deriving innovative new ideas, product or process (Betz, 2011). Additionally, in current business environment in order to maintain the sustainability and competitive advantage in long run, business organisation needs to be focused over the different activities that differentiate them from other business. Thus, the business organisation that focus over

Thursday, September 26, 2019

Nutrition and Global Health Essay Example | Topics and Well Written Essays - 250 words

Nutrition and Global Health - Essay Example â€Å"More than 30% of children† around the globe are â€Å"underweight† or are not attaining their ideal growth rates (128). It is estimated that around 5.5 million children die every year because of malnutrition (128). In addition, millions of women, who bear and take care of children, also suffer from malnutrition and particularly, many poor women are â€Å"underweight† (135). At present, women and children are suffering from different illnesses, such as anemia and infections, with many also dying from these diseases, because of lack of proper nutrition. Lack of access to the right food, vitamins, and minerals at the entire development stages of women and children is a main problem for poor countries. The main nutritional issues for women and children are malnutrition and high morbidity, due to poor nutrition. Women also suffer from maternal morbidity and mortality. For instance, there are 530,000 maternal deaths per year (152). These women often lack the proper nutrition needed for their bodies, as well as their fetuses. As also mentioned, millions of children are underweight and die from malnutrition, especially in Asia and Africa. Some of the nutrition challenges are proving to people that they can improve their nutrition by enhancing their knowledge about what they eat, how they cook their food, and how they should eat them (142). Vitamin and mineral supplementation should also be widely applied, because it can be a cost-efficient way of dealing with malnutrition (142). Food fortification, such as iodizing salt, will also be crucial. Supplementation and food fortification, however, are not always easy to achieve. The governments should be dedicated to small and large measures that can enhance their nations nutritional status. They need help from non-profit organizations to achieve the necessary nutritional levels for their women and children. Without

Police interrogations Term Paper Example | Topics and Well Written Essays - 1000 words

Police interrogations - Term Paper Example There is a clear distinction between using interrogation as a means of truth-seeking and as a means of coercive manipulation to arrive at confession. But this difference is lost on many who do not recognize the value of real police work, which begins with a case and ends with the accumulation of evidence. While there is reason to claim some police interrogation in the 21st century violates this truth-seeking purpose and borders instead on coercive manipulation, by and large police tactics today are founded upon refined psychological theories that relate to criminal behavior and are far more effective at eliciting genuine confessions than any tactics in the history of police work. American police interrogations have classically been structured, cultured, and practiced as a means of increasing the state’s ability to prosecute a suspect and to undermine his or her ability to craft a robust defense at trial (Leo, 2008, p. 11). The history of interrogations in the United States follows the movement away from an openly â€Å"third degree†, inquisitorial model to an adversarial model, which Leo (2008) describes as an era of science and psychology. In the past, when interrogations were even less visible to the public as they are now, harsher techniques were used with great frequency (Leo, 1992). The demand from the American public to solve crimes at high rates, however, has not changed from previous decades; only now, interrogations have become less about physical coercion and more about psychological manipulation (Leo, 2008). So-called â€Å"third degree† interrogation techniques were especially prevalent among law enforcement officials in the first quarter of the 20th century. The term â€Å"third degree† is a euphemism for the inflicting of physical and mental pain for the purpose of extracting confession or self-incriminating statements. The Wickersham Commission, which was founded in 1929 to discover the causes of

Wednesday, September 25, 2019

Wk2Journal Assignment Example | Topics and Well Written Essays - 500 words

Wk2Journal - Assignment Example The vision of UNICEF is to develop a better world, where every individual can live a better life, while using the technology, skills, information and processes that are required to generate their individual solutions. The mission statement of UNICEF mainly talks about securing the rights of the children so that their basic needs are met and the children can develop their full potential under the best possible opportunities (UNICEF -1, 2013). Though the activities of UNICEF are quite broad in nature, however it is mostly focused on child survival, education, gender equality, policy development and partnerships. The funding of UNICEF is dependent on financial support from the governments as well various private donations. UNICEF is recognized as a not for profit organization and hence is exempt from tax under section 501(c)(3) of the Internal Revenue Code (UNICEF -2, 2013). The challenges for UNICEF comprises of its ability to spread education and equality, fighting HIV and Aids and pr otecting children from violence. Through usage of strong data backed reports, the organization is trying to develop better policies, which will help in tackling the challenges. The organization faced a major crisis in 2012, when 1.1 million African children below the age of 5, faced the danger of acute malnutrition. The organization used social media for advocacy and fund raising activities and thereby successfully provided the needed treatment to over 920,000 children (UNICEF, 2012, p. 8). Apple is a US based multinational company, which is headquartered in California. Talking about a brief history of the organization, it can be said that the organization was founded in the year 1975 under the name of Apple Computers by the legendary Steve Jobs. The vision of apple is to be the global leader in innovation. The new mission statement talks about the company’s focus to simplify and gain perfection in its

Tuesday, September 24, 2019

Mommy Movie Review Example | Topics and Well Written Essays - 500 words

Mommy - Movie Review Example It seemed to me very bright and significant as it showed crucial points and change of roles that took place several times, making both the mother and the son victims – and then aggressors. But when I saw this scene when Diane recalls all the sweet and sad memories, I found it even more powerful. It touched really deep feelings. This scene takes place after the sweet time they had together. It was very rare as they had merely bad times and quarrels, problems with bad behavior and its consequences. This following scene adds even more â€Å"bitterness† – because Diane realizes she has to give her son away as he needs help. All this happens after Steve cut his veins right in the supermarket. She just cannot manage to deal with it. The sequence is a kind of catharsis of the film. It seems very sweet – and exactly this makes it really tragic. Diane dreamt of life success and happiness for her son – though she realizes the way she sees it is impossible. She sees him as a glad graduate, and then she dreams he is in love with a wonderful girl, whom he will marry and all they will live happily ever after. It is very tender when Diane recalls her son as a small baby on her hands. All the scenes are filled with words from her memories – words by Steve, Kyla and herself. Crucial is the moment of change of the appearance of the son. He stands after the rain and at the moment he is shouting he is free, we see he is another person, who just looks like real Steve. Here we see the sad truth that Diane really would like to have another son. She realizes her dreams will not come true. This scene is a kind of sincere revealing them and saying farewell to this future they wouldn’t have had anyway. The character Kyla is very important – as it is opposite to Diane’s image. She is kind and nice mother, humble and caring. She also influenced on Steve significantly. In the end of the film when she has to leave due to her husband’s

Monday, September 23, 2019

Magnetization on Voltage Using Metals and Semiconductors Lab Report

Magnetization on Voltage Using Metals and Semiconductors - Lab Report Example Analysis and DiscussionThe findings ontained from the measurements of the results of the experiment reveals a number of aspects and properties of Hall effect. For example, the results suggest that hall voltage linearly varies as a function of the magnetic field of the current carrier material. On the other hand, it was also observed that the Hall effect is the generation of voltage in the conductor, induced by the presence of magnetic field (Baumgartner, 2006,p.165) .Variation of Voltage with DistanceThe plot shown in Figure No 5 indicates variation of voltage with varying distance on the tester rig. The original value of voltage is 0.24 (without any magnetic effect). It can be observed that the voltage are effected significantly when the magnet is sufficiently close. For a distance of 20mm, the voltage value is 0.1 V which means that voltage dropped to only 20% of the original value. However, as the distance was increased, the voltage quickly regained its original value and tends to stabilize at 0.24 v when the slider is moved away. Statistical Properties of dataIn order to examine the statistical properties of the data, the mean and standard deviation of the two set of data is calculated and is shown in Table No 2. From the data, it can be observed that the two sets are fairly close to each other and there is not big difference. For most the data, the two values are exactly the same. Therefore, the experimental setup provides very precise data.

Sunday, September 22, 2019

The Evil of Modern Technology Essay Example for Free

The Evil of Modern Technology Essay â€Å"Many shall run to and fro, and knowledge shall be increased. † Daniel 12:4 Here I am, sitting in a house heated by a gas/forced air furnace, illuminated by an incandescent bulb, writing down my thoughts on a computer screen, accessing the internet by a wireless connection and weighing in against modern technology. I will be the first to tell you, however, that I don’t want to go back to the way it was, even a few decades ago, when I shivered over a lone heat register in the kitchen, pounded out my writing assignments on an ancient typewriter with a faded ribbon, waiting for my water to boil on a gas stove and my cinnamon toast to bake in the oven. Daily life has been so revolutionized by a steady progression of technological improvements that few of us can imagine living any other way. Conveniences have become such necessities that anyone who has no microwave, cell phone or digital alarm clock is considered deprived. Man’s inventive genius continues to prolifically breed new technologies, and with each new technology, a cottage industry springs up to feed, clothe and shelter it. Computers have generated software, music, movies, photo-shopping and enough peripheral gadgetry to fill a catalog. With the cell phone came personal ringers, phone cameras, text messaging, GPS capabilities, internet access, ebooks, and on and on. Automobiles can now do much more than transport passengers. They can pamper, comfort, entertain, advise, warn and tell drivers how to get to their destination. We now foresee the day when we won’t even have to steer the machine down the highway. There seems to be no end to our fertile imaginations. But I am haunted by the words of an old evangelist. He said, â€Å"Man will never hold out long enough morally to do what he wants to do scientifically. Even as we mount up to the heavens in the space age, we mire down in the mud of sin and shame. † I see this chilling prediction coming true before our very eyes and ears in the twenty-first century. Our heads cannot out-smart our hearts. Something is insanely wrong with all of this progress. Not only have promises of utopia not materialized for the bulk of civilization, in many cases we have regressed back to prehistoric levels. We have not eliminated murder; we have made murder easier. We have not eliminated theft; we have made stealing easier. We have not eliminated racism; we have made racism easier. We have not eliminated pornography; we have made pornography easier. Inherent within the new technologies we find all the old maladies. Good things undeniably come from our scientific and technological breakthroughs. Unfortunately, these developments have also been subverted for evil purposes. Indeed, the evil we have enabled may end up canceling out the good we have created in society at large. The most obvious example of this is nuclear technology. The fascinating capabilities of nuclear fission for energy also gave rise to the most destructive weapon ever invented. Regardless of how atomic weaponry is used—whether for defensive purposes or aggressive military action—the fact remains that it is used to kill and destroy. Other scientific discoveries have also been channeled into military uses, like rocketry, aerodynamics, fiber optics, laser beams, radar, modulated radio and television signals, satellites, etc. If it helps, we can make it hurt. If it heals, we can make it injure. If it does good, we can make it do bad. This position has been argued in philosophical terms as well. Regent University’s website on communication contains this paragraph: â€Å"Whether one accepts the neutrality of technology depends on one’s valuing philosophy—whether one tends toward the pragmatic and situational, or the absolute and authoritarian. Those who believe that technology is neutral argue that â€Å"guns don’t kill people, people do†, or that a knife can be used to â€Å"cook, kill, or cure. Those who believe the opposite counter with evidence that technology cannot be evaluated in a vacuum. Monsma (1986) argued for the â€Å"value-ladenness† of technology (chapter 3). He based his premise on two traits that he believed are common to all technological developments: (1) technological objects are unique; they are designed to function in a particular and limited way, and (2) technological objects are intertwined with their environment; they interact in unique ways with the rest of reality. † In medical science we can find an alarming example of the limits of technology. Jerome Groopman wrote an article in the New Yorker Magazine, August 11, 2008, entitled â€Å"Superbug: The new generation of resistant infections is almost impossible to treat. † He said, â€Å"In August, 2000, Dr. Roger Wetherbee, an infectious-disease expert at New York University’s Tisch Hospital, received a disturbing call from the hospital’s microbiology laboratory. At the time, Wetherbee was in charge of handling outbreaks of dangerous microbes in the hospital, and the laboratory had isolated a bacterium called Klebsiella pneumoniae from a patient in an intensive-care unit. It was literally resistant to every meaningful antibiotic that we had,† Wetherbee recalled recently. The microbe was sensitive only to a drug called colistin, which had been developed decades earlier and largely abandoned as a systemic treatment, because it can severely damage the kidneys. â€Å"So we had this report, and I looked at it and said to myself, ‘My God, this is an organism that basically we can’t treat. ’ † Much of the toxic social climate we experience today comes to us at the hands of modern technology. Who can dispute the widespread conviction that television has had a deleterious effect on culture? It is a waster of time, numbing minds and killing creativity. It has also piped pure filth from a godless and immoral Hollywood into the living rooms of the world. The radio has dispensed anarchy, vulgarity and corruption through the powerful medium of music, especially targeting adolescents and teenagers. In the last decade, pornography has spread wildly throughout the internet, victimizing viewers who would seldom or never come in contact with sexual perversion any other way. Amazingly, these same technologies have transmitted as much or more truth, virtue, goodness and love as they have depravity. How is this possible? Is technology, then, culpable? Innocent? Morally neutral? In The Gutenberg Galaxy (1962), Marshall McLuhan wrote, â€Å"The theme of this book is not that there is anything good or bad about print but that unconsciousness of the effect of any force is a disaster, especially a force that we have made ourselves† (p. 248). Regent University comments â€Å"Insert any technology for the word â€Å"print† and you realize that for McLuhan it is not the content that really matters. In this case it is not even the channel but rather our knowledge and understanding of the medium’s potential impact. † They then ask, â€Å"Is print an amoral technology? Can any technology be amoral? These are issues that must be addressed and answered before we can begin to develop a philosophical system to address the convergence of media and technology, and its impact on society. † I contend that communication technology has the greatest potential for evil of all the developments of modern science. This should not surprise us who are in the business of spreading the gospel. After all, Jesus commissioned the church to â€Å"Go ye therefore, and teach all nations. † The very means and methods used by the church to carry out the work of Christ has been co-opted by Satanic forces to destroy the gospel and spew corruption throughout the world. The advent of the online community was initially envisioned as a dynamic way to connect the inventive genius, the soaring imaginations and the scientific knowledge of individuals, groups, schools and cultures together, thus exponentially multiplying the positive impact they were making on the world. But in the parallel universe of evil, it was also appropriated by malevolent forces to connect with people who shared the same destructive designs. Roger Cohen expresses the same view in the New York Times column of March 10, 2008. â€Å"The main forces in the world today are the modernizing, barrier-breaking sweep of globalization and the tribal reaction to it, which lies in the assertion of religious, national, linguistic, racial or ethnic identity against the unifying technological tide. â€Å"Connection and fragmentation vie. The Internet opens worlds and minds, but also offers opinions to reinforce every prejudice. You’re never alone out there; some idiot will always back you. The online world doesn’t dissolve tribes. It gives them global reach. † The very internet I access to research my topics is simultaneously used to teach people to build bombs, incite hatred, instigate anarchy, commit fraud, buy and sell illicit drugs, learn witchcraft, poison minds and dismantle Christian traditions. More specifically, it provides a way for terrorist organizations to plot destructive acts, devise conspiracies, obtain funding for their violent activities and inspire each other’s dark causes. If this world is facing global chaos and apocalyptic demise, it will undoubtedly be facilitated by the technology now in existence or soon to be developed. Groups of people who otherwise had no way to unify and combine forces to wreak havoc upon the world now find it easy to locate each other and strengthen their hands. One only has to recall the tragedy of September 11, 2001 to know that cell phones and the internet aided nineteen terrorists to coordinate their diabolical plan. Without the assistance of technology, their deed would not have been possible or would have been infinitely more difficult to carry out. Technology may not be inherently evil, but neither is it inherently good. We are unforgivably naive to trust in scientific advances to spread the gospel or do the work of the church. Technology certainly will never be our savior. In fact, the future holocaust it will most assuredly precipitate may well eclipse any good that it has ever done for us. The best gifts to mankind do not come from himself, but from God. Every good gift and every perfect gift is from above, and cometh down from the Father of lights, with whom is no variableness, neither shadow of turning. † James 1:17. This warning may find application at the local congregational level where churches are growing increasingly dependent upon technology for worship, singing, preaching and witnessing. But technology in the larger arena of the world needs to be viewed by the church as susp ect. It’s potential for evil means that it will never be the best friend of the church. Let us use it, work it and enjoy it. Let us also keep it at arms length, distant from our souls. We do not need computers, cell phones, radios, televisions, headphones, iPods, CD’s, DVD’s, satellites, telescopes or any other technological devices to have a meaningful relationship with God. Paul’s Mars Hill sermon said this, â€Å"That they should seek the Lord, if haply they might feel after him, and find him, though he be not far from every one of us: For in him we live, and move, and have our being. † Acts 17:27-28. The greatest technology to ever come to man may be the glorified body that God has prepared for them that love him. How close will that body allow us to be to God in a physiological sense? I’m not sure, but I do know what the scripture says. â€Å"Dear friends, now we are children of God, and what we will be has not yet been made known. But we know that when he appears, we shall be like him, for we shall see him as he is. † 1 John 3:2. (NIV) That’s the technological advance that excites me more than any other. In an instant, all worldly innovations will be rendered obsolete. We must not sell ourselves short by losing our soul to earthly things.

Friday, September 20, 2019

Ways Of Transferring Capital From Savers To Borrowers Finance Essay

Ways Of Transferring Capital From Savers To Borrowers Finance Essay Find the most recent financial statements for two companies of same industry which are listed in KLSE (Kuala Lumpur Stock Exchange). Evaluate the financial position and performance for each of these two companies using accounting ratio analysis. You are required to compute and compare the accounting ratios between these 2 companies, and conclude the results of your findings. The limitations or problems of using accounting ratios for performance analysis should be included in your conclusion. Identify and discuss three different ways of transferring capital or fund from savers to borrowers in the financial market. 1.0 Introduction What is accounting ratios? Accounting ratios are the ratios which used in calculation and indicate the relationship between figures from the financial statements of a company. The financial statements are the statements that summarized a companys activities either quarterly or annually. It consists of a profit and loss account and a balance sheet. In accounting, accounting ratios are often used in interpreting and evaluating a companys overall financial condition and business performance. Accounting ratios are classified into 5 categories for measuring 5 different aspects of business performance. The 5 aspects are shown as follow: Profitability of company Liquidity of company Asset management of company Debts management and capital gearing of company Market value of investment to ordinary shareholders / common stockholders 1.1 Profitability of company Gross profit markup Gross profit markup (%) = Gross Profit x 100 Cost of goods sold Gross profit margin Gross profit margin (%) = Gross profit x 100 Net sales value Operating profit margin on sales Operating profit margin (%) = Operating profit before interest and before taxation x 100 Net sales value Profit margin on sales Profit margin on sales (%) = Net income available to common stockholders x 100 Net sales value Basic earning power (BEP) Basic earning power (BEP) = Operating profit before interest and before taxation x 100 Total assets Return on total assets (ROA) Return on total assets (ROA) = Net income available to common stockholders x 100 Total assets Return on total equity (ROE) Return on total equity (ROE) = Net income available to common stockholders x 100 Common equity 1.2 Liquidity of company Current ratio / Working capital ratio Current ratio / Working capital ratio = Current assets Current liabilities Liquid ratio / quick ratio / acid-test ratio Liquid ratio / quick ratio / acid-test ratio = Liquid assets Current liabilities 1.3 Asset management of company Inventory turnover or stock turnover Inventory turnover or stock turnover = Cost of sales Average stock value Fixed asset turnover Fixed asset turnover = Net sales Fixed assets net book value Total assets turnover Total assets turnover = Net sales Total assets Debtor ratio Debtor ratio = Debtor Credit sales Debtor payment period Debtor payment period = Debtor x 365 days/ 52 weeks / 12 months Credit sales Days sales outstanding (DSO) Days sales outstanding (DSO) = Debtor x 365 days Credit sales 1.4 Debts management and capital gearing of company Debts ratio Debts ratio = Total debts Total assets Capital gearing ratio Capital gearing ratio = Prior charge debts capital Total capital Debts equity ratio Debts equity ratio = Total debts Common Equity Times interest earned Times interest earned = Profit before interest and before taxation Interest charges Creditor ratio Creditor ratio = Creditor Credit purchase Creditor payment period Creditor payment period = Creditor x 365 days / 52 weeks / 12 months Credit purchase 1.5 Market value of investment to ordinary shareholders/ common stockholders Earnings per share Earnings per share = Net income available to common stockholders Number of ordinary shares in issue Price / Earnings ratio Price / Earnings ratio = Market price per ordinary share Earnings per share Dividend cover Dividend cover = Earnings per share Net ordinary dividend per share Earning yield Earning yield = Gross earnings per share x 100 Market price per ordinary share Dividend yield Dividend yield = Gross ordinary dividend per share x 100 Market price per ordinary share Price / cash flow ratio Price / cash flow ratio = Market price per ordinary share Net cash inflow per ordinary share Market price / book value ratio Market price / book value ratio = Market price per ordinary share Net book value per ordinary share 1.6 Companys background Gamuda was incorporated on 6 October 1976. It was listed on the main board of the Kuala Lumpur Stock Exchange (KLSE) on 10 August 1992. In Malaysia, Gamuda is a leading infrastructure group. It has a wide range of business activities all over the world. Its core competencies are engineering and construction, infrastructure concessions, and also township development. Besides, they have mega projects such as internationally acclaimed SMART (Stormwater Management and Road Tunnel), intra-urban highways, Kaohsiung Mass Rapid Transit System in Kaohsiung, Taiwan, and so on. On the other hand, WCT was incorporated on 14 January 1981 as WCT Earthworks Building Contractors Sdn Bhd. Then, it went public on 1 April 1994 and listed on the Kuala Lumpur Stock Exchange (KLSE) on 16 February 1995. The business nature of WCT Berhad contains engineering and construction, property development, and also assets management. The business coverage of WCT is in Malaysia and abroad. Its projects and services include F1 international racing circuit, international airport, hydroelectric dam, township planning development and so on. Then, the next step is applying the accounting ratios to calculate the 2 companiess business performance. The companies are Gamuda Berhad and WCT Berhad. In order to compare these 2 companies, the selection is inter-firm which is comparing based on the industry average. It is because they have the same business nature. Before doing comparison, a person must obtain the financial statements of a company. In general, the financial statements are released in annually basis, but some of the companies are quarterly basis. Financial statements are the vital resource for a researcher used to calculate and compare the companies business performance. The financial statements adopted from Gamuda Berhads annual report 2010, whereas WCT Berhad is 2009. Figures inside the income statement and balance sheet are used in apply to the accounting ratio in calculating purposes. After done the calculation, there is a standard weigh available in each accounting ratio to interpret the data. Each answer gen erated is referring to the weigh in comparison and generate a comment. These 2 annual reports of Gamuda and WCT are adopted from their official website in the column of the investor relations. The website address of Gamuda is http://www.gamuda.com.my, whereas website address of WCT is www.wct.com.my. 1.7 Calculation worksheet Types of ratio Calculation of Gamuda Berhad Calculation of WCT Berhad Profitability Gross profit markup (%) = Gross profit x 100 Cost of goods sold = RM 422976000 x 100 RM 2032167000 = 20.81 % = RM 354659000 x 100 RM 4311943000 = 8.23 % Gross profit margin (%) = Gross profit x 100 Net sales value = RM 422976000 x 100 RM 2455143000 = 17.23 % = RM 354659000 x 100 RM 4666602000 = 7.60% Operating profit margin on sales (%) Operating profit before = interest before taxation x100 Net sales value = RM 259852000 x 100 RM 2455143000 = 10.58% = RM 244145000 x 100 RM 4666602000 = 5.23 % Profit margin on sales (%) = Net income available to common stockholders x 100 Net sales value = RM 280693000 x 100 RM 2455143000 = 11.43 % = RM 147098000 x 100 RM 4666602000 = 3.15 % Basic earning power (BEP) = Operating profit before Interest and before taxation x100 Total assets = RM 259852000 x 100 RM 6550910000 =3.97% = RM 244145000 x 100 RM4478484000 = 5.45 % Return on total assets (ROA) = Net income available to common stockholders x100 Total assets = RM 280693000 x 100 RM 6550910000 = 4.28% = RM 147098000 x 100 RM 4478484000 = 3.28 % Return on total equity (ROE) = Net income available to common stockholders x 100 Common equity = RM 280693000 x 100 RM 325752500 = 8.62 % = RM 147098000 x 100 RM 1250246000 = 11.77 % Liquidity Current ratio = Current assets Current liabilities = RM 4203173000 RM 1930241000 = 2.18 : 1 = RM 2553187000 RM 1807550000 = 1.41 : 1 Acid-test ratio = Liquid assets Current liabilities = RM4123435000 RM1930241000 = 2.14 : 1 = RM 2439478000 RM 1807550000 = 1.35 : 1 Asset Management Inventory turnover = Cost of sales Average stock value = RM 2032167000 RM 79738000 = 25.49 times = RM 4311943000 RM 113709000 = 37.92 times Total assets turnover = Net sales Total assets = RM 2455143000 RM 6550910000 = 0.37 times = RM 4666602000 RM 4478484000 = 1.04 times Debtor ratio = Debtor Credit sales = RM 1607772000 RM 2455143000 = 0.65 : 1 = RM 1472655000 RM 4666602000 = 0.32 : 1 Day sales outstanding (DSO) = Debtor x 365 days Credit sales = 0.65 x 365 days = 237.52 days = 0.32 x 365 days = 116.8 days Debts management and capital gearing of company Debts ratio = Total debts Total assets = RM 3243187000 RM 6550910000 = 0.50 : 1 = RM 2991508000 RM 4478484000 = 0.67 : 1 Debts equity ratio = Total debts Common equity = RM 3243187000 RM 3257525000 = 1 : 1 = RM 2991508000 RM 1250246000 = 2.39 : 1 Times interest earned = Profit before interest and before taxation Interest charges = RM 259852000 RM 43813000 = 5.93 times = RM 24414500 RM 50308000 = 4.85 times Market value of investment to ordinary shareholders / common stockholders Earnings per share = Net income available to common stockholders Number of ordinary shares in issues = RM 280693000 2025888000 shares = RM 0.14 = RM 147098000 777712000 shares = RM 0.19 Price earnings ratio = Market price per ordinary share Earnings per share = RM 3.20 per share RM 0.14 per share = 22.86 times = RM 2.60 per share RM 0.19 per share = 13.68 times Earnings yield = Gross earnings per share x 100 Market price per ordinary share = (100/75 x RM 0.14) x 100 RM 3.20 = 5.83 % = (100/75 x RM 0.19) x 100 RM 2.60 = 9.74 % Market price per book value = Market price per ordinary share Net book value per ordinary share = RM 3.20 per share (RM 325752500 / 2025888000 shares) = RM 3.20 RM 1.61 = 1.99 : 1 = RM 2.60 per share (RM 1250246000 / 777712000 shares) = RM 2.60 RM 1.61 = 1.61 : 1 1.8 Ratios comparison between Gamuda and WCT 1.81 Profitability Gross profit markup and gross profit margin Based on the profitability ratios calculations result generated above, Gamuda Company is generating higher profit compared to WCT Company. The both gross profit markup and gross profit margin of Gamuda is higher than WCT. High gross profit earned by Gamuda shows that it has effective and efficient control in lowering its purchasing cost and production cost. Lower gross profit earned by WCT indicates it does not effective and efficient control in lowering its purchasing cost and production cost. Besides, both operating profit margin and profit margin on sales of Gamuda is higher than WCT. Higher profit margin earned by Gamuda shows it has an effective control in lowering its expenditures and interest cost. Whereas it indicates WCT is ineffective in controlling its expenditures and interest cost. Basic earning power, return on total assets, and return on common equity However, in basic earning power and return on common equity, Gamuda is lower than WCT. Return of asset of Gamuda is slightly higher 1 % than WCT only, which is 4.28 % and 3.28 % respectively. It shows that WCT is generating higher profit regarding to its effective and efficient in using its assets and capital in the business. In contrast, Gamuda is ineffective and inefficient in employing its assets and capital. 1.82 Liquidity Current ratio In liquidity aspect, the current ratio of Gamuda and WCT is 2.18: 1 and 1.41: 1 respectively. If the current ratio is higher than average of industry, it means a company has a larger amount of current assets to pay its current liabilities. Besides, it proves that a company has a stable financial condition. In contrast, when current ratio is lower than average of industry, it shows the companys financial condition is unstable. The company has lower amount of current assets to pay its current liabilities. Acid test ratio On the other hand, acid test ratio of Gamuda is 2.14: 1, whereas WCT is 1.35: 1. When a companys acid test ratio is higher than average of industry, it shows that it has larger amount of liquid assets to pay its current liabilities. In contrast, lower acid test ratio shows a company has lower amount of liquid assets to pay its current liabilities. 1.83 Asset management Inventory turnover In asset management aspect, the inventory turnover of Gamuda is 25.49 times and WCT is 37.92 times. Higher inventory turnover shows that a company experiences fast stock turnover, so stocks are not accumulated, and no money to be tied up. WCT has a higher inventory turnover than Gamuda. It means that WCT has fast turnover, less stocks to be accumulated, and less money to be tied up compared to Gamuda. Total assets turnover Besides, total assets turnover of Gamuda is 0.37 times, and WCT is 1.04 times. Total assets turnover of WCT is higher than Gamuda. WCT has higher sales generated from its business due to its effective asset usage which increases the production volume. Debtor ratio days sales outstanding Debtor ratio of Gamuda is 0.65: 1, and WCT is 0.32: 1. Besides, the day sales outstanding of Gamuda are 237.5 days, and WCT is 116.8 days. Higher debtor ratio and day sales outstanding shows that Gamuda gives a longer credit time to its debtors which cause a longer time to collect back the money. Gamuda may accumulate the debts balance and experiences shortage of money which unable to finance its current liabilities. In contrast, WCT has a lower debtor ratio and day sales outstanding. It has shorter debtor payment period, experience less debts balance, and less money to be tied up from its debtors. 1.84 Debts management and capital gearing Debtor ratio In debts management and capital gearing aspect, WCT has a higher debts ratio compared to Gamuda. The higher debts ratio shows that a company experiences heavy debts and high interest cost. It may cause a company unable to pay back the debts, and forced to sell its assets to pay. Debts equity ratio Debts equity ratio is used to measure the proportion of company debts with its common equity. Both Gamuda and WCT debts equity ratio is higher than 0.5:1, but WCT is higher than Gamuda which are 2.39:1 and 1;1 respectively. It means these 2 companies operate at a high gear with larger proportion of prior charge debts capital. It views as unstable capital structure and bearing the high interest cost financed by larger proportion of profit. Time interest earned / Interest cover Both companies experience high capital gearing ratio, but WCT is higher than Gamuda. It means WCT experiences low times interest earned and indicates it is bearing the high interest charges in relation to its profit. 1.85 Market value of investment to ordinary shareholders / common stockholders Earnings per share Lastly, in market value of investment to ordinary shareholders / common stockholders, WCT has a higher earnings per share compared to Gamuda. It shows that WCT has a higher business growth and higher profit earnings. In converse, lower earnings per share shows that a company experiences a low business growth and low profit earnings. Price earnings per share Besides, WCT has a lower price earnings ratio compared to Gamuda. Lower price earnings ratio shows that Gamudas earnings per share is very high which influenced the common stockholders have to take shorter period use their profit earning to recover back their share investment amount. If the earnings ratio is high, it shows that a companys earnings per share are very low and the common stockholders spend longer period use their profit earning to recover their share investment amount. Earning yield The earning yield of WCT is higher than Gamuda. If the earning yield higher than the average of industry, it shows that a company has high net income and very attractive to the common stockholders. However, when the earning yield is lower than average of industry, it shows that a company has low net income and not attractive to the common stockholders. Market price per book value Besides, the market price per book value of WCT is lower than Gamuda. If market price per book values is lower than the average of industry, it means the share market price decreases below its real asset value and becomes attractive to common stockholders. In converse, if the market price per book value is higher than the average of industry, it means its share market price increases over its real asset value and become not attractive to the common stockholders. 1.9 Conclusion Based on the result of 5 aspects of accounting ratio above, WCT Company has a better overall business performance than Gamuda Company. Firstly, WCT has higher BEP and ROE which shows WCT is generating higher profit regarding to its effective and efficient in using its assets and capital in the business activities. Secondly, WCT has a higher inventory turnover than Gamuda. It indicates that WCT has fast turnover, more liquid, less stocks to be accumulated, and less money to be tied up compared to Gamuda. Thirdly, total assets turnover of WCT is higher than Gamuda. WCT has higher sales generated from its business due to its effective asset usage which increases the production volume. Fourthly, WCT experiences a lower debtor ratio and day sales outstanding than Gamuda Company. WCT has shorter debtor payment period, experience less debts balance, more liquid and less money to be tied up from its debtors. Fifthly, WCT has higher earnings per share compared to Gamuda. WCT has a higher busi ness growth and higher profit earnings. Sixthly, WCT experiences lower price earning ratio compared to Gamuda. Lower price earnings ratio shows that WCTs earnings per share are very high. It enables the common stockholders have to take shorter period use their profit earning to recover back their share investment amount. Seventhly, the earning yield of WCT is higher than Gamuda. When the earning yield higher than the average of industry, it shows that a company has high net income and very attractive to the common stockholders. Lastly, the market price per book value of WCT is lower than Gamuda. When market price per book values is lower than the average of industry, it means the share market price decreases below its real asset value and becomes attractive to common stockholders. Thus, WCT is more attractive than Gamuda. On the other hand, while doing inter-firm comparison, there are several limitations in applying the ratio and trend analysis. The first limitation must select the same industry norms and compare based on the industry average. The second limitation is each firm experiences a different financial and business risk profile. It also affected by the analysis differently. The third limitation is accounting policies. Each firm applies different accounting policies. For example, in small firm, it groups its stationery in current assets. However, in large firm, it groups it into expenses. The fourth limitation is the size of the firm would experience different level of risk from its competitors, structure, and returns. The fourth limitation is the area and environment of a firm. Home-based firm and multinational firm operate differently in different countries. 2.0 Introduction What is financial market? Financial market is a mechanism where surplus funds are gathered from the people who intended to lend out their money. Furthermore, it acts like a platform where provides the opportunities for the organizations and individuals who are short of money to borrow funds. Financial markets have different categories. Each financial market deals with a different type of financial instrument of its maturity and the asset backing it. Different financial markets serve different types of customers, and operate in different parts of the country. Financial markets are different from physical asset markets. Physical asset markets also called as tangible asset markets or commodities market which deal with the physical products like gold, crude oil, real estate, and machinery. Whereas the financial markets deal with the financial instruments like shares, bonds, notes, mortgages, and so on. Besides, these 2 markets can operate as the spot market or future market. Spot markers can be defined as goods are being traded on the spot and delivery within several days. Conversely, the goods that are being traded in future market are for future and delivery on future date. It could be six months or a year in future. 2.1 Types of financial markets 2.11 Primary markets There are various financial markets in each country. The first type is primary markets. It is the market for corporations to raise capital by issuing new securities or shares. The corporations collect the funds by selling off the new issued stocks in the primary market transaction. 2.12 Secondary markets The second type is secondary markets. Secondary markets are the markets in which existing and already outstanding securities or other financial assets that are traded among the investors after they have been issued by the corporations. 2.13 Initial public offering market The third type is initial public offering (IPO) market. It is a market that provides the company or corporations go public by offering new securities or shares to the public for the first time. Once the corporation or company went public, it will be listed on the stock exchange. These companies or corporations are usually newly established and go public to collect capital. 2.14 Private markets The fourth type is private markets. It is a financial market where the transactions are worked out directly between 2 parties. Private markets are different from the public markets where standardized contracts are traded on organized exchanges, but private market could perform privately without going to public where the transaction may be structured in any manner that appeals to the 2 parties. Bank loans and placement of debts with insurance are the examples of the private market transaction. 2.15 Consumer credit markets The fifth type is consumer credit markets. Generally, it deals with the loans on autos and appliances, loans for education, vacations, and so on. 2.16 Mortgage markets The sixth type is mortgage markets. Mortgage markets deal with the loans for the purposes of residential, commercial, industrial real estate, and also farmland. 2.17 capital markets The seventh type is capital market. Capital markets deal with the stocks or shares, intermediate or long-term debts in which funds to be loaned and borrowed for long periods. It usually more offered in one year or more than one year. 2.18 Money market The eighth type is money market. Money market deals with short-term, highly debt securities in which funds to be loaned and borrowed for a short period which usually less than one year. 2.2 Three ways for transferring capital or fund between savers and borrowers 2.21 Direct transfer from savers to borrowers The first way is direct transfer from savers to borrowers. It usually happens when a corporation (borrower) wants to collect funds by issuing and selling new securities or bonds to the savers (money lender). In this selling process, it does not pass through any financial institution which the corporations directly deliver the securities to the savers who in return pay money to the corporation. Therefore, it is a direct flow where the funds are directly transferred from the savers to the corporations. The following diagram can fully explain the process between corporations and savers. Issue corporations securities or bonds to Corporations (Borrowers) Savers (Money lenders) Receive capital or fund from Diagram 2.21.1- Direct transfer from savers to borrowers 2.22 Indirect transfer from the savers to the borrowers through investment banking house The second way is indirect transfer from the savers to the borrowers through investment banking house. It normally happens when an investment bank underwrites the issuance of a corporations securities where the investment bank acts as a middleman to facilitate the issuance of corporations securities. Indeed, investment bank purchases the corporations securities and then resell it to the savers. It means the money paid by the savers in purchasing corporations securities is passed to the investment bank and to be received by the corporation (borrower). Thus, money of savers and securities of company is only passing through the investment banking house. As a result, the fund is indirectly transferred through the investment banking house from the saver (money lender) to the corporation (borrower). The below diagram can fully explain the process among the investment banking house, corporation, and saver. Investment Banking House (Middle man) ( Corporations (Borrower) Savers (Money lender) Issue corporations Resell corporations securities to securities to Receive fund from Receive fund from Diagram 2.22.1- Indirect transfer from the savers to the borrowers through investment banking house 2.23 Indirect transfer from the savers to borrowers through a financial intermediary The third way is indirect transfer from the savers to borrowers through a financial intermediary. It usually happens when a financial intermediary like bank or a mutual fund collects the funds from the savers by issuing its own securities or certificate of deposit to the savers. After that, the financial intermediary uses the collected funds from the savers to buy and keeps the other corporations securities as its investments. It means that the money paid by the savers to purchase the securities or certificate of deposit issued by the financial intermediary. Then, the money passed to the financial intermediary, and then the financial intermediary paid the money for purchasing the other corporations securities. In fact, there are many people prefer holding the certificate of deposit and the securities issued by the financial intermediary. The reason is they are safer and more liquid than the mortgages and loans. Thus, financial intermediaries are greatly increasing the efficiency of m oney and capital markets. The below diagram can fully explain the process among the financial intermediary, saver, and corporation. Savers (Money lender) Corporations (Borrower) Financial Intermediary (Money lender to corporation) / (Borrower from saver) Issue corporations Issue intermediarys securities to owns securities to Receive fund from Receive fund from Diagram 2.23.1- Indirect transfer from the savers to borrowers through a financial intermediary 2.3 Types of financial intermediaries and its role Investment banking house is an organization that underwrites and distributes the new securities issued by the corporations which helps the corporation in obtaining the funds for financing. In Malaysia, examples of investment banking house are CIMB bank, Affin bank, and Maybank. Financial intermediary are the specialized financial organization that facilitate the transfer of funds from the savers to the borrowers. There are several types of financial intermediaries. 2.31 Commercial bank The first type is commercial bank. It is a traditional departmental store of finance which serves a huge population of savers and borrowers. Besides, commercial banks are the major institutions that handled checking accounts and through which Federal Reserve System increased or decre

Thursday, September 19, 2019

My Educational Philosophy Essay -- Philosophy of Education Teaching Es

My Educational Philosophy "Let experience be your teacher. Let challenges be the test of life!" ~Unknown Education is an experience that without a doubt no one can avoid at least for a while. While this process should be positive sometimes it can seem more negative. People should not look back at their education and perceive it as a â€Å"bad† thing or a waste of time. Logically one would think that a person is entitled to their own opinion; however, the opinion of one’s education should never be portrayed as a negative one. Every teacher or educator, whether they realize it or not, has developed an educational philosophy probably starting at the time they became interested in the field of education. It is through this educational philosophy or goal that the classroom teacher prepares children for their future. The purpose of education as a whole is to prepare children intellectually, emotionally, socially, and physically for the world they are making a large portion of. As a child develops in these four major areas there are more requirements or minimal expectations set for the student. Today you it is very difficult for an adult to get a well paying job without the proper background in education. I hope that by becoming an educator I can help students acquire the â€Å"want† to get the necessary background to do whatever it is they so choose. I plan to teach all of these aspects in my classroom alone. I am an education major at the present time; however, I am not aware of exactly which content area I want to set my mind on for the rest of my life. If I had my choice, I would teach in elementary or middle school. This is because I want to feel as though I have the maximum impact on my students, and I feel children ... ...lusion, I have all intentions of impacting my students in a more than positive way. I want them to be comfortable enough with me to talk to me about their problems and concerns when it comes to education. I will focus not only one education of the intellectual self; instead, social, emotional, and physical skills will be further developed and strengthened. During my, what seems like never ending, many years of education, I have encountered teachers that were both effective and those who were not effective in the slightest. I have experienced teachers that I could talk to with my concerns about classes and those that I could not. When my students are grown and have lives of their own, I want them to be able to look back and feel as though they learned more than what they had to in my class. I want to be remembered as an â€Å"effective† teacher.

jobs Essay -- essays research papers

Here's your big chance to make some extra cash right out of your home. You won't believe how much money you can make doing this. You can easily make up to a $1000 weekly working only 2-3 hours a day. We will supply you with all materials to start making $4.00 for every letter you process and mail out! The best part of all this is there is no limit! You can ship us back as many letters as you want. Positions are being filled very quickly and the longer you wait, the more likely you will not get accepted in this once in a lifetime opportunity! Keep reading to learn more and register today! You will NEVER have to sell any of our products in ordered to get paid. Your pay will be based on the number of letters you mail us. You will not have to make any cold calls or solicit door to door trying to make sales. You will get paid $4.00 for every envelope regardless if a customer buys our products. Mailing letters from home can make you more money than you could ever dream of. You will no longer have to wake up and take that long drive to work and suffer all those long hours. From now on, you can just wake up and say, "I'm my own boss!" You can work the hours you want and do what you want. There will be no boss looking over your shoulder ever again. This program will allow you to choose your own hours and work at your own pace. There are no obligations. You can easily make up to two times as much money than your regular paying job. As a home mailer, all you need to do i... jobs Essay -- essays research papers Here's your big chance to make some extra cash right out of your home. You won't believe how much money you can make doing this. You can easily make up to a $1000 weekly working only 2-3 hours a day. We will supply you with all materials to start making $4.00 for every letter you process and mail out! The best part of all this is there is no limit! You can ship us back as many letters as you want. Positions are being filled very quickly and the longer you wait, the more likely you will not get accepted in this once in a lifetime opportunity! Keep reading to learn more and register today! You will NEVER have to sell any of our products in ordered to get paid. Your pay will be based on the number of letters you mail us. You will not have to make any cold calls or solicit door to door trying to make sales. You will get paid $4.00 for every envelope regardless if a customer buys our products. Mailing letters from home can make you more money than you could ever dream of. You will no longer have to wake up and take that long drive to work and suffer all those long hours. From now on, you can just wake up and say, "I'm my own boss!" You can work the hours you want and do what you want. There will be no boss looking over your shoulder ever again. This program will allow you to choose your own hours and work at your own pace. There are no obligations. You can easily make up to two times as much money than your regular paying job. As a home mailer, all you need to do i...

Wednesday, September 18, 2019

Fourier Series :: physics fourier

Jean Baptiste Joseph Fourier (March 21, 1768 - May 16, 1830) was a French mathematician and physicist who is best known for initiating the investigation of Fourier series. He was born at Auxerre in the Yonne dà ©partement of France, the son of a tailor, and was educated by the Benedictines. The commissions in the scientific corps of the army were reserved for those of good birth, and being thus ineligible he accepted a military lectureship on mathematics. He took a prominent part in his own district in promoting the revolution, and was rewarded by an appointment in 1795 in the Normal school, and subsequently by a chair in the Polytechnic school. Fourier went with Napoleon on his Eastern expedition in 1798, and was made governor of Lower Egypt. Cut off from France by the English fleet, he organized the workshops on which the French army had to rely for their munitions of war. He also contributed several mathematical papers to the Egyptian Institute which Napoleon founded at Cairo, with a view of weakening English influence in the East. After the British victories and the capitulation of the French under General Menou in 1801, Fourier returned to France, and was made prefect of Isà ¨re, and it was while there that he made his experiments on the propagation of heat. He moved to Paris in 1816. In 1822 he published his Thà ©orie analytique de la chaleur, in which he bases his reasoning on Newton's law of cooling, namely, that the flow of heat between two adjacent molecules is proportional to the extremely small difference of their temperatures. In this work he claims that any functions of a variable, whether continuou s or discontinuous, can be expanded in a series of sines of multiples of the variable - this result isn't correct at all. But the fact that some discontinuous functions are the sum of infinite series was a breakthrough. The question of determine when a function is the sum of its Fourier series has been fundamental for centuries. Lagrange had given particular cases of this (false) theorem, and had implied that the method was general, but he had not pursued the subject. Dirichlet was the first to give a satisfactory demonstration of it, with some restrictive conditions.

Tuesday, September 17, 2019

Bangladesh’s National Adaptation Programme of Action (NAPA) Essay

Due to Bangladesh’s extreme vulnerability to climate related impacts, adaptation is necessary for the political and economic survival of the country (Ali, 1999; Sajjaduzzaman et al, 2005). Since developing countries have been historically less responsible for the emissions that cause climate change, it is the responsibility of developed countries to finance the cost of adaptation in addition to development aid commitments (Article 4.4 UNFCCC, 1992). To this end, the United Nations Convention on Climate Change (UNFCCC) provides support for adaptation under a global governance system, and has made National Adaptation Programs of Action (NAPA) a requirement for all Least Developed Countries (LDCs) in order to provide the space for participatory approaches and community-level inputs in adaptation policy-making (Ayers et al, 2009). Here, the rationale is that the impacts of climate change are experienced locally, so adaptation programs need to be formulated and implemented at the local level (Ayers 2011). The Least Developed Countries Expert Group (LEG) affirms that â€Å"†¦ early engagement of people at the grassroots level will be important in ensuring successful implementation of NAPA initiatives† (LEG, 2002:2). The Ministry of Environment and Forests (MOEF), together with the United Nations Development Program and the Global Environment Facility, has provided funding for its highest priority NAPA project: a $10.8 billion Coastal Afforestation project (20102013) which aims to reduce â€Å"†¦ climate  change hazards through coastal afforestation with community participation† in the coastal districts of Barguna and Patuakhali (Western Region), Chittagong (Eastern Region), Bhola, and Noakhali (Central Region) (Figure 1) (Ministry Of Environment and Forestry (MOEF, 2005:24). Bangladesh is   one of the first countries to implement a community-based adaptation (CBA) project as part of its NAPA, and intends on using this project as a template for other vulnerable regions in Bangladesh (MOEF, 2008). Before this project is used as a template, it is important to analyse its effectiveness. This report will explore the role of the UNFCCC’s NAPA scheme in supporting or hindering a participatory approach to adaptation in Bangladesh’s CBA coastal afforestation project. Specifically, the focus question will be whether the coastal afforestation project is effective in facilitating adaptation at the grassroots level. BACKGROUND The Bangladesh NAPA identifies coastal communities as being the most vulnerable to the impacts of climate change, and proposes 15 projects that would meet their â€Å"urgent and immediate adaptation needs† (MOEF, 2005:4). The vulnerability of coastal communities in Bangladesh is also emphasised in the Third Assessment Report of the Intergovernmental Panel on Climate Change (IPCC, 2001). Coastal zones are the highest priority sector in the NAPA due to the importance of the economic resources being affected, the urgency, severity and certainty of severe climate change impacts, and because coastal areas comprise 32% of the countries land space, with over 35 million people living just 1m above sea level (Agrawala et al, 2003). Bangladesh’s flat deltaic topography with low elevation and its geographical location that sits at the intersection of three river basins puts it at risk of flooding and tidal inundation, droughts, tropical cyclones and storm surges (Rawlani and Sovacool, 2011). In addition, Bangladesh is exposed to impacts from the melting of the Indian and Himalayan glaciers (Rawlani and Sovacool, 2011). These factors combined mean that every area in Bangladesh is prone to four types of floods- flash floods, riverine floods, rain floods, and storm surge floods (Figure 2) (Mirza, 2002). Furthermore, all sectors and regions of  Bangladesh are vulnerable the impacts of climate change (Figure 3) (Rawlani and Sovacool, 2011). The sites for the coastal afforestation project were selected based on their extreme vulnerability to climate change impacts (MOEF 2008). METHODOLOGY Adaptation refers to adjustments in ecological, social and economic systems in response to the impacts of climate change (IPCC, 2007). Whereas adaptive capacity is the ability of a system to adjust to the impacts of climate change- to moderate potential damages, take advantage of opportunities, or cope with the consequences, resilience goes further to include the degree the system is capable of selforganisation, and able to learn and adapt to changes (Folke, 2006; Jerneck and Olsen, 2008; Magis, 2010). For this reason, a resilience framework with the following criteria will be used to analyse the effectiveness of the coastal afforestation project: Diversity in adaptation approaches involving a mix of technological, ecosystem based, governance and behavioural adaptation approaches. Effective governance and institutions that are seen as legitimate are critical for delivering sustainable adaptation outcomes (Bahadur et al, 2013). This is because they can facilitate learning and â€Å"experiment in safe ways, monitor results, update assessments, and modify policy as new  knowledge is gained† (Carpenter et al, 2001:778). Preparedness and planning requires relevant and timely information, and integration with existing institutional processes (Bahadur et al, 2013). An acceptance of uncertainty and change at all scales- individual, organisational and systemic- to adjust adaptation actions to changing circumstances so that co-benefits can be realised and perverse outcomes avoided (Bahadur et al, 2013). The level of community involvement and ownership is essential as to ensuring projects reach the most vulnerable (Bahadur et al, 2013). This is a key factor in reducing vulnerability to climate change under CBA (Pouliotte et al, 2009). Mainstreaming climate change into development planning to achieve climate resilient development is necessary for reducing vulnerability to climate change (Bahadur et al, 2013:55). COMPARISON The NAPA project demonstrates systems thinking by a willingness to learn from past policy mistakes. The Forestry Department has adopted a more participatory approach to forest management due to criticisms that past projects resulted in overharvesting and overgrazing due to a lack of community ownership over coastal mangroves (Rawlani and Sovacool, 2011). Since the1980s, rising poverty and population growth combined with an  absence of land-use policies has resulted in a loss of over 40,000 ha of forests along the eastern and central coasts of Bangladesh due to clearing for agriculture, shrimp farming, salt pan and settlements (MOEF, 2008). The project document reviews these past issues and has put in place measures for livelihood diversification so that natural resources are not exploited (MOEF, 2008). The project aims to diversify livelihoods through its â€Å"triple f† model of â€Å"Forest, Fish, and Food†, which integrates aquaculture and food production within the afforested and reforested plantations so that community income sources are diversified (Sovacool et al, 2012). The FFF model currently focuses on drought and flood resistance fruit and vegetable crops. Through a combination of agriculture, fishing and producing palm oil the project has so far provided an income stream for 1,150 families and community training on nursery and plantation management to 12,200 coastal people (Rawlani and Sovacool, 2011). However, as one local states, â€Å"we have developed saline tolerant crop varieties but the concentration of salinity is going up. We cant keep on producing crops when land is flooded and water salty†¦ Adaptation has its limits† (Rawlani and Sovacool, 2011: 860). Evidently, the FFF model fails to encourage a diversity of livelihood options, and thus equip locals with the adaptive capacity to adjust adaptation actions to changing circumstances. By contrast, an NGO in the village of Subarnabad- the Institute of Development Education for Advancement of Landless (IDEAL)- has implemented a CBA project that allows the community to choose their own livelihood options (Figure 5), thus giving them full ownership and providing a range of options so that they can adjust their income streams if circumstances change. The climate impacts emphasised by the NAPA project correlate with community responses recorded in an independent household survey in one of the target sites, the Noakhali village (Figure 4) (Ayers, 2011). However, the adaptation options listed by respondents focused on addressing systemic issues like lack of access to   government services and NGOs, high poverty rates, low social mobilisation, low literacy rates and insecure land tenure (Ayers, 2011). Coastal afforestation was never raised as a priority adaptation option (Ayers,  2011). The project has sponsored 6000ha of community-based mangrove plantations, 500ha of non-mangrove mount plantations, 220ha of dykes, 1000km of embankments, and building sea gates to prevent salt water intrusion into rivers (Sovacool et al, 2012). These initiatives reveal the project’s focus on reducing the physical exposure to climate change impacts (Ayers, 2011). However, respondents in Noakhali framed risk in terms of addressing development issues that cause vulnerabilities to climate change impacts in the first place (Ayers, 2011). One example is the project’s introduction of early warning information and disaster preparedness systems in 20 of the most vulnerable towns (MOEF, 2008). In discussions about the risks of cyclones and storms with fishermen in Noakhali, they revealed that information provision was not the problem- radios had already been provided by a local Red Crescent program, but financial pressure to pay back the loans meant that fisherman would ignore the bad weather warnings (Ayers, 2011). Therefore the preferable adaptation option here would be putting in place a better micro-credit system. This case illustrates the importance of addressing the underlying issues that expose vulnerable groups to climate change impacts. It also shows that a lack of coordination between government and existing institutions can waste funding and exacerbate vulnerabilities. Therefore, community involvement in identifying vulnerabilities and adaptation responses is essential to building resilience on the ground. DISCUSSION A lack of community involvement and ownership over the implementation of the project can be attributed to the NAPA preparation process. The process involved consultation with local level stakeholders- representatives from local government, local NGOs, farmers and women- through regional consultation workshops (Ayers, 2011). However, power dynamics within communities meant that politically powerful stakeholders dominated the discussions to the exclusion of less powerful stakeholders- basically, the most vulnerable were not involved in the NAPA preparation process (Ayers, 2011). Furthermore, the participation of local stakeholders focused on prioritising pre-identified adaptation options (Ayers, 2011). This ‘top down’ approach combined with the framing of ‘risks’ as climate  change impacts rather than vulnerabilities explains why the adaptation options in the NAPA conflict with those prioritised by the targeted communities (Ayers, 2011). This is due to a global framework of adaptation that â€Å"†¦ casts adaptation as a response to the ‘additional’ impacts of climate change†Ã¢â‚¬ ¦ â€Å"rather than the factors that make people vulnerable to these changes (which are often closely connected to existing development needs and problems)† (Ayers, 2011:63). The LEG (2002) guidelines stress the importance of â€Å"bottom-up, participatory approaches† (2) to adaptation and the NAPA project emphasises â€Å"the participation of men and women at the grassroots- level†(MOEF, 2008:22), so what institutional approach is needed to meet these ends? Ayers et al (2009) suggest reframing the adaptation discourse under the UNFCCC in terms of vulnerability instead of impacts, as this would allow vulnerable communities to identify, prioritise and implement climate resilient development activities and thus operationalize CBA. CBA requires an engagement with local institutional structures-be it public, private or civil societyfrom the beginning of the NAPA development process- to ascertain which institutions or features of institutions are needed for climate resilient development in that particular context (Ayers et al, 2010).  In practise, this means more coordination between the government of Bangladesh and local institutions to develo p mechanisms for mainstreaming climate resilient development. Opportunities for collaboration already exist in Bangladesh, but need to be harnessed. For example, the NGO IDEAL has successfully implemented CBA in the South-Western village of Subarnabad by providing training and technical support as well as access to loans and a savings bank to adopt new livelihoods strategies of their choosing to suit their situation (Pouliotte, 2009) (Figure 5). In turn, this has had a mobilising effect on the community, which can be seen in the strategies being employed without the help of the NGO- by learning from neighbours and building networks (Pouliotte, 2009). The effect of this project in reducing vulnerabilities by diversifying livelihood options shows that climate change adaptation activities need to be built into community driven development programs. Another NGO in Bangladesh, The Arsenic Mitigation and Research Foundation (AMRF), has facilitated the establishment of ‘Village Committees’ made up of women in arsenic-affected   villages who collect 3 Dhakas from each resident per month and lobby local government for funding to not only operate and maintain the deep tube wells, but also encourage activities in other sectors like education, sanitation, and village infrastructure (Rammelt et al, 2011). These committees have the funding, lobbying power, and legitimacy to potentially carry out climate resilience development programs as well. A barrier for LDCs to mainstreaming climate change into development planning is the funding issue of ‘additionality’. This is why deepening community involvement through community-based organisations- in collaboration with government- is the institutional approach needed to carry out climate resilient development. CONCLUSION Although the NAPA project in Bangladesh reflects community perceptions on the impacts of climate change, vulnerable communities were given little opportunity to identify and address the underlying development issues that cause vulnerability to such impacts (Ayers, 2011). This exposes the problem with facilitating CBA within the confines of impacts-based adaptation policy-making under the UNFCCC. Therefore a new framework is needed that defines adaptation more broadly; that addresses the drivers of vulnerability, and recognises that â€Å"development is risk management†Ã‚  (Commission on Climate Change and Development, 2009: 9). APPENDIX Figure 1 Source: MOEF 2008:4 Figure 2 Source: Mirza et al, 2003:48 Figure 3 Source: Rawlani and Savacool, 2011:863 Figure 4 Source: Ayers, 2011:74 Figure 5 Source: Pouliotte et al, 2009:42 Reference list Ali, A (1999) Climate change impacts and adaptation assessment in Bangladesh, Climate Research, 12: 109-116 Agrawala, S, Ota, T, Ahmed, A.U, Smith, J, van Aalst, M (2003) Development and climate change in Bangladesh: focus on coastal flooding and the Sundarbans, OECD, Paris Available at: http://www.oecd.org/env/cc/21055658.pdf Accessed: 25 July, 2013 Agrawal, A (2008) The role of local institutions in adaptation to climate change, Social Development Department, World Bank, Washington, March Available at: http://www.icarus.info/wp-content/uploads/2009/11/agrawal- adaptation-institutions-livelihoods.pdf Accessed: 25 July, 2013 Ayers, J (2011) Resolving the adaptation paradox: exploring the potential for deliberative policy-making in Bangladesh, Global Environmental Politics, 11(1): 62-89 Ayers, J, Dodman, D (2010) Climate change adaptation and development: the state of the debate, Progress in Development Studies, 27 (6):161-168 Ayers, J, Huq, S (2009) Supporting adaptation through development: what role for ODA? Development Policy Review, 27 (6): 659-784 Bahadur, A.V, Ibrahim, M, Tanner, T (2013) Characterizing resilience: unpacking the concept for tackling climate change and development, Climate and Development, 5 (1):55-65 Commission on Climate Change and Development (2009) The human dimension of climate adaptation: the importance of local and institutional issues, April Available at: http://www.ccdcommission.org/Filer/report/HUMAN_DIMENSIONS.pdf Accessed: 26 July, 2013 Intergovernmental Panel on Climate Change (IPCC) 2007b, Australia and New Zealand. Climate Change 2007: Impacts, Adaptation and Vulnerability. Contribution of Working Group II to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change Available at: http://www.ipcc.ch/publications_and_data/ar4/wg2/en/contents.html Accessed: 15 July, 2013 IPCC (2001) The Science of Climate Change, Third Assessment Report of the Intergovernmental Panel of Climate Change, Available at: http://www.ipcc.ch/publications_and_data/publications_and_data_reports.shtml#. Ufpg2T89UN Accessed: 26 July, 2013 Folke, C (2006) Resilience: the emergence of a perspective for social-ecological systems analyses, Global Environmental Change, 16(3):253-267 Jerneck, A, Olsson, L (2008) Adaptation and the poor: development, resilience and transition, Climate Policy 8, 170-182 Magis, K (2010) Community resilience: an indicator of social sustainability, Society and Natural Resources, 23:401-416 Ministry of Environment and Forests (MOEF) (2005), National Adaptation Programme of Action (NAPA), Bangladesh Available at: http://unfccc.int/resource/docs/napa/ban01.pdf Accessed: 20 July, 2013 Ministry of Environment and Forests (2008) Community- based adaptation to climate change through costal afforestation in Bangladesh, Bangladesh Mirza, N.M.Q, (2002) Global warming and changes in the probability of occurrences of floods in Bangladesh and implications, Global Environment and Change, 12:127138 Pouliotte, J, Smit, B, Westerhoff, L (2009) Adaptation and development: livlihoods and climate change in Subarnabad, Bangladesh, Climate and Development, 1:31-46 Rammelt, C, Masud, Z.MD, Boes, J, Masud, F, Masud, A (2011) Beyond medical treatment, arsenic poisoning in rural Bangladesh, Social Medicine, 6(1): 22-30 Rawlani, A.K, Savacool, B.K (2011) Building responsiveness to climate change through community based adaptation in Bangladesh, Mitigation and Adaptation strategies for global change, 16:845-863 Sajjaduzzaman M.M, Koike, N (2005) Mangrove plantation destruction in Noakhali Coastal Forests in Bangladesh: a case study on causes, consequences, and model prescription to halt deforestation, International Journal of Agriculture and Biology 7 (5):732-734 Sovacool, B.K, D’Agostino, A.L, Meenawat, H, Rawlani, A (2012) Expert views of climate change adaptation in least developed Asia, Journal of Environmental Management, 97:78-88 Sovacool, B.K, D’Agostino,A.L, Rawlani, A, Meenawat, H (2012) Improving climate change adaptation in least developed Asia, Environmental Science and Policy, 21:112-125 UNFCCC/LEG (Least Developed Countries Expert Group) (2002) Annotated guidelines for the preparation of National Adaptation Programs of Action (NAPA), Bonn, July Available at http://unfccc.int/resource/docs/publications/annguid_e.pdf Accessed: 25 July, 2013 UNFCCC(1992) The United Nations Convention on Climate Change Available at: http://unfccc.int/resource/docs/convkp/conveng.pdf Accessed: 24 July 2013

Monday, September 16, 2019

Air Pollution Essay

1. Introduction The Air- the atmosphere around us play an enormous part in our lives. It provides oxygen and other gases that are essential for the survival of human being and plants. The appearance of it is the only thing that would make the Earth different from other dead-planet. However, in recent year, the technological development has led to over-use harmful toxic; the Air now has been seriously damaged not only in developed countries but also in developing nations like Vietnam. A research has been carried out by EPI shown that the air quality in Vietnam is among top ten most nation (rank 123rd) (Youthnews 2012). The concentration of dust, fumes and other poison gases in metropolis namely Hanoi, HCM city†¦ are at the alarming rate. If there is nothing done about it, Vietnam will soon suffering the consequences. This paper is to give the audience a clearer view of air pollution in Vietnam including reasons, affects and suggesting solutions. 2. Discussion of finding 2.1 Reasons 2.1.2 Motor vehicles There are several causes of air pollution; the vast majority of them can be attributed by man. Many people are unaware of the serious problems they expose to the world by letting such dangerous chemical, vehicles smokes†¦in to the air. As in the big cities; one of the main sources of polluted air is due to motor vehicles (up to 70%). The economic growth in the past ten years reflects in the increasing large number of vehicles. It is undeniable that motorbikes are one of the most common transportation in Vietnam. According to IQ Air newspaper they accounted for 95 percents in total number of transport. Average, each family owns a motorbike and at the end of 2010, the number of motorbike and cars reached at over 30 millions. Cars and other vehicles produce air pollution throughout their life because the use of fossil fuel. Imagine, everyday, in the rush hour, millions of motorbikes letting out emission into the air at the same time. The VNS ( 2007 ) has revealed that in rush hour from 5pm to 7 pm the levels of dust is four time higher than normal. That means tons, millions kilograms of gases, fume, C02, N0x would poison the air and could not be able to clean. On the other hand more and more, over a thousand, new motorbikes finish each day. As a  result there will be more polluted highways, and roads and more congestion. Another striking fact that the World Air Quality Index has indicated Hanoi has the high level of PM2.5 and PM10 which mainly emitted by transports as well as stood at â€Å"Unhealthy â€Å"stage which shown that everybody living in Hanoi would be affected. 2.1.2 Industrial areas Industrial also contributes significantly to the pollution especially for areas near the sources. Although industrialization has helped in technological progress and enhance people living standard but the price we have to pay for this is too huge especially to air pollution. There are 256 large industrial sources from North to South and thousands of other small scale factories around them (Wikipedia 2006). Many of these areas contain small factories with the high levels of indoor pollutant. Factories always linked with manufacturing products and require using all kind of materials in the process. These components after being disposed have to be removed out of the factories. Each years, they released ton of toxic chemicals namely nitrogen dioxide, methane †¦ to the air throughout the chimneys. According to regular statistical investigations. in Vietnam each year there are 30,000 tons of wastes mainly industrial waste and domestic garbage as well as chemical one (Vietnamnet 2013) . Surprisingly that, industrial wastes mostly generated from industrial parks in the northern and southern areas account for 80%. It is said that 50% to 70 % of this wastes can be recycled to make up new energy but actually only 10% of them has been reuse. These amount wastes of waste continue to pollute the environment. 2.2 Health effects Health impact of air pollution depends on the pollutant type, its concentration in the air, length of exposure, other pollutants in the air, and individual susceptibility. Different people are affected by air pollution in different ways. Generally, for young people who in a good state of health, the impacts of air pollution in a short term would not be a serious problem. But a long term access to polluted air can lead to serious symptoms mainly related to lung cancer and cardiovascular systems (heart function and blood circulation) as well as skin and eyes diseases. Dr Nguyen Xuan Nghiem of the National Hospital for Tuberculosis and Lung Disease said  that their facilities were not meeting the demand of patients. He also claimed that the reason is a fall in air quality (VNS 2007). PM 10 which is defined as a collection of very small liquid , solid in the air mostly come from human activity such as burning coal , fossil fuel ..Breathing the air having a high concentration of it can massively damaged your inner organs including strokes brain, low level of oxygen in blood, increase heart rate, asthma. It is announced that 900 deaths each year in New Zealand due to PM 10. The problem is according to an environmental project , Hanoi and HCM city have the amount of it over 20 times to the rule set by WHO ( VNS 2007 ). A research by the Minister of Health indicated that in each 100000 people, 4,100 (4, 1%) has lung cancer and 3,800 has to deal with throats and tonsils problems (Vietnamnet Bridge) However the most vulnerable groups are children, pregnant women, the elderly or housewives who are use biomass fuel for cooking. A research carry Southern California Children’s Health (2013) in over 1000 children between the periods of 10 to 18 year old has shown that those living in the polluted area must deal with a higher risk of underdeveloped lungs. Their lungs only worked as 80% of a normal child that age and might never be fully recover. A further study by Environmental Health Perspectives (2014) indicates that the chances of getting high blood sugar would be twice for pregnant one. High blood sugar during pregnancy might lead to unpredictable consequences for both mother and the baby such as preterm birth and obesity†¦ Researchers produced a test in 2000 women in Boston and find out that the chief culprit is PM 2.5 near their living areas. 3. Conclusion From all the findings above, it is obvious that Vietnam air quality is witnessed a decrease in The past 10 years to now. The level of pollution increase day by day due to the enormous number of transportation and the activities related to industrial areas. This circumstance leads to many impacts as well as deadly diseases on citizen’s health. The government , recently, has been trying to increase their role by indicating some projects to enhance the air quality including building air quality monitoring stations near polluted areas ( VNS 2012 ) in the period of 2016-2020 and 3R ( reduce , reuse , recycle ) . Waste management will help to limited the environment pollution and free a large land areas using for  dumping garbage. Since 2005, Vietnam has enforced the Euro 2 ration for vehicles ‘emission (Pham Oanh 2013). The Prime Minister also delivered a law to controlling the amount of automobiles and cars in cities and province zones. Furthermore, they should improve the public transport to encourage people using them. As a result, fewer motors and cars will reduce the amount of emission. For citizens to protect yourselves and the Air here are some suggestions. For example, when you stop at the red light more than 20 seconds, turn off the engine. It is also recommend wearing mask and glasses to prevent dust and other harmful gases. We all have a responsibility to make sure that we use better practices to deal with air pollution. If there are not any actions taken seriously our lives and our next generation will be greatly threatened. Hopefully in the near future, our air will become fresher and Vietnam economy would continue to be one of Asia’s dragons without hurting the environment.