Coming to Terms Essay

In â€Å"A Look at the Intersection of Fine Dining and Fast Food†, Brenda Falk discusses the differences and similarities in fast food and fine dining. Her main focus throughout the article is the new found overlap in these two dining techniques. She also seems to feel that soon these two dining techniques could easily become one known as â€Å"quick casual†. In this article she jumps around from point to point whether it be reasoning behind certain dining styles, types of changes in these styles, or how they affect each other. Her argument was based fully on fast food restaurants adopting ideas from fine dining restaurants . Falk inserts an inordinate amount of her own feelings on the topic and doesn’t analyze the subject as well as she should have. She focuses mainly on the fast food business while lacking in her analysis of fine dining. She also should have made the paper more about what caused the changes in the restaurant business instead of the changes themselves. In the essay Falk has many examples of foods and restaurants that have changed and became noticed for their modern style, such as Panera Bread and Chipotle. She appeals to a large audience by adding examples many people can relate too. On the other hand, her article is extremely biased in multiple ways. She makes too many generalizations that may not particularly be true in some cases. For example she states, â€Å" the fact that people today hate to make choices, preferring to have the best of both worlds†¦ † (Falk,33). This may not be exactly true for everyone. She uses the previous quote to support her argument in saying that since people are so indecisive quick casual would be a good alternative. Another instance is when she states, â€Å"There are significantly more calories at table service restaurants† (Falk, 35). The prior quote shows her bias towards dine-in restaurants because she only uses negative examples of fine dining. Furthermore, her essay is very restricted. She aims her essay towards adults and college students with her use of language and examples of certain restaurants; But a lot of her writing makes you think otherwise. The core of her essay is stating that quick casual is the new alternative to fine and fast food dining. Though she never takes into consideration the ideas of being a vegetarian or that college students have dining halls or even the fact that not all people eat out. She had good arguments but they did not affect the people they were meant to affect. One of her main argumentative statements is at the very end of her essay when she says, â€Å"The country is focused on problems with obesity and poor eating habits †¦.. until major changes are made, food prepared at home will almost always be healthier than food eaten away from home† (Falk,36) . These type of statements should have been more prominent in the essay, she only brings up this type of conflict in the last paragraph and nowhere else. By tying in the eating at home or the obesity aspect more, she would have had a strong argument. As mention earlier, if she touched on all the aspects possible that would have made her essay more relevant Some of her most outstanding focuses were â€Å"Trend Mapping† and the â€Å"Trickle Down Theory†. Trend mapping helps culinary experts predict which menu items will be popular in the future. The trickle down theory helps quick casual restaurants enhance their menu with more fine dining dishes. These ideas help customers make smart choices. I was impressed with her inclusion of these two innovations because they go right along with her topic and fit into the main idea . Even though her essay was poorly structured at some points, there were also some good points throughout. I feel that her style was very laid back and readable because she used places her target audience have been and can relate to, as examples. Brenda Falk creates this article with the objective of describing the many similarities between the food industry and that the in between â€Å"quick casual† style is the most convenient. She successfully describes these similarities and elaborates on the new innovative style but never fully creates a legitimate argument. If she discussed more on the topic of eating at home or the factor of money or even brought in some positives of fine dining, that could have created a stronger argument. She has a great sense of organization and style but needs to focus more on her analysis of the topic.

Nutrition †Flavor Essay

Science tells you what nutrients do in your body and how nutrients work together Explain why people who enjoy their food may absorb more nutrients from it. The brain reacts from the senses (sight and smell). It instructs your mouth and stomach to make chemicals that help digest food. What 5 factors contribute to different cultures having such different cuisines and food customs? Geography, Economics, Foreign Contacts, Religious Belief, Technology. List the 4 main components of the food chain and explain the function of each. Sun: The sun supplies the original energy for the planer in the form of light. This energy is needed to make food. Producers: Some organisms make or produce food. Green plants are important producers. Plants use the sun’s energy to produce food for themselves. Consumers: Organisms that must eat other organisms. Decomposers: Organisms such as bacteria and fungi that break down dead matter and return the nutrients to the environment. List the 5 reasons for using food additives. 1. Additive flavoring 2. Improving nutrition 3. Increase shelf life 4. Maintaining texture 5. Helping foods age Define the following: Nutrient – a chemical substance that your body needs to function, grow, repair itself, and create energy Wellness – good health and positive well-being. Includes physical, mental, and emotional health Comfort foods – are familiar foods that make people fell good Culture – the arts and other manifestations of human intellectual achievement regarded collectively Cuisines – may be particular to a country or region, or it may be a blend from different areas. Staple food – the most widely produced and eaten food in an area Ecosystem – an environment and its community of organisms, which all depends on each other for survival Food chain – is the flow of food energy from simpler to more complex organisms Shelf stable – able to be stored at room temperature for weeks or months in the original, unopened containers Shelf life – the length of time food holds its flavor and quality Food additives – A substance added to food for a specific reason during processing. Food is essential for survival and affects the quality of your life. Healthy food choices promote wellness. Food offers more than nutrition. It also offers enjoyment. Comfort foods may slow the release of stress hormones, making people feel better. Preparing and serving food lets you express your creativity. Different cultures have more than individuals ingredients and dishes, they have entire cuisines. Income had/has an influence on what people have/had to cook certain meals. Cultures absorb new foods through immigration, travel, and trade with other people. The food we eat depends on the health of the world’s ecosystem. The U. S. is fortunate to have abundant resources for raising food. What is one of the most important roles of food processing? To keep perishable foods from spoiling Food additives include natural and artificial flavors. When vitamins and minerals are added to foods like milk, this is labeled as improving nutrition. Increasing shelf life and delaying spoilage is known as shelf-stable.

Ancient History Essay Example for Free

Ancient History Essay Ancient history (10) , Pompeii (4) company About StudyMoose Contact Careers Help Center Donate a Paper Legal Terms & Conditions Privacy Policy Complaints New research has immensely impacted on our understanding of daily life in both Pompeii and Herculaneum. Experts in archaeology, science and other fields have revealed copious amounts of information about people, buildings and food found in the two cities prior to the eruption in 62 AD. Experts such as Estelle Lazer and Sarah Bisel have assisted in heightening our understanding of the daily life in Pompeii and Herculaneum. From 1986 Estelle Lazer worked on a sample of over 300 individuals who were represented by a collection of disarticulated bone. The techniques of forensic medicine and physical anthropology were used to determine sex, age-at-death, height, signs of disease and population affinities of the victims. The results indicated that almost equal numbers of males and females from all age groups did not manage to escape the town before it was destroyed. Sarah Bisel worked with the bone analysis of the skeletons of Herculaneum to determine and study the lifestyle differences between the social classes present within Herculaneum. She discovered many things about the people of Herculaneum such as the town was a genetically diverse society, children were often malnourished due to the lack of calcium in their teeth and the bodies had high levels of lead. This new information has majorly effected and broadened our understanding of daily life in Pompeii and Herculaneum. The evidence of food in the two towns and the study of these by experts such as Wilhelmina Jashemski and the team of principal researchers known as the Pompeii Food and Drink Project, further develop our knowledge of daily life in these famous towns of Campania. Jashemski’s project had the purpose of studying animal and plant remains in order to gain an understanding of the kinds of gardens in and around Pompeii as well as gathering information on the wine and oil industries of the area. By examining soil contours and carbonised plant remains, archaeologists have gained a more accurate picture of produce and ornamental gardens in Pompeii. The purpose of the Pompeii Food and Drink Project was to analyse the patterns of daily life in a non-invasive way to study the structures that are associated with food and drink. The Project has collected many ancient artefacts and information, and answered many questions about the food and drink storage, distribution, preparation, serving, and consumption in Ancient Pompeii. All these sources combine to give us a more acute knowledge of the ancient towns of Pompeii and Herculaneum. The buildings found in Pompeii and Herculaneum provide extensive information about the lifestyle of people living there. The House of Pompeii Project, started in 1977, had the focus of investigating and salvaging buildings which had been excavated in previous years but had not necessarily been recorded. The two houses that were particularly studied was the House of the Ancient Hunt and the House of the Coloured Capitals. The Project has not uncovered any new information, only recorded findings on certain housing which were either not properly recorded or completely ignored. The Insula of Menander Project had much the same aim as the House of Pompeii Project, in that they were redressing the deficiencies in earlier records. Their main focus, though, was the insula conducted under Amedeo Maiuri. The Project provided a detailed history of the insula showing that there had been frequent building changes over time and that there appeared to be a late appearance of shops and the addition of upper storeys in the last years of the city. The Pompeian Forum Project’s main objective was to produce more accurate plans of surviving remains by the use of architectural analysis to widen the understanding of contemporary urban problems. The traditional view that the Forum was a ‘builder’s yard’ after the 62 AD earthquake was disproved. There was also evidence found of a comprehensive earthquake plan for the Eastern side of the Forum. In Source A we can see how new research has amplified our knowledge of Pompeii and Herculaneum. Through research by Italy’s National Institute of Optics, it has been discovered that the famous ‘Pompeian red’ was a colour created from the mixture of yellow paint and the gases from Vesuvius. In conclusion, the impacts of new research and technologies have considerably expatiated our enlightenment of the daily life in Pompeii and Herculaneum. The many sources uncovered and analysed from these towns have been much more useful as a result of developing technology and research. In the years to come, technology will continue to develop, along with more information being discovered and this will result in more and more information being provided about the famous ancient towns of Pompeii and Herculaneum. Ancient History. (2016, Oct 30). We have essays on the following topics that may be of interest to you

Advantage to the use of tasers by law enforcement officials Essay

Advantage to the use of tasers by law enforcement officials - Essay Example As Hemenway and Weil explain, â€Å"guns in the United States currently exact a terrible toll: over 1,500 accidental deaths per year, close to 12,000 homicides and more than 17,000 suicides† (94). In other words, apart from the deliberate use of guns in the commission of crimes, guns are responsible for thousands and thousands of preventable deaths per year. Despite this, however, the very notion of banning firearms is unrealistic. The American public believes that it has an inalienable right to bear arms for the purposes of self-defence and, given Constitutional provisions supporting this right, it is unrealistic to assume that any gun ban proposal will ever successfully pass into federal legislature and be effectively implemented (Hemenway and Weil, 94-96). Added to that, if law enforcement officials are to effectively fight the crime pandemic, they must be armed. The situation, as described, presents policy makers and law enforcement with a paradox. Our nation’s crime rates are soaring. A Department of Justice publication reports that almost 1,500,000 million violent crimes were committed in 2005 (FBI, 2006). Approximately one million and a half murders, rapes and armed robberies were committed across the United States in a single year. Not only does this figure evidence the extent to which crime has reached pandemic proportions in the country but underscores the nature of the on-the-job dangers which law enforcement officers confront every singe day. To confront the crime pandemic, law enforcement officers must

Civil Engineering Structural Concentration Essay

Civil Engineering Structural Concentration - Essay Example Basically, the properties and characteristics of a polymer depend upon its structure. The strength of the plastics can be determined from a measurement known as the Young’s modulus. Young’s modulus is the ratio of stress over strain, i.e. elasticity and is measured in units of Pascal (Pa). Unfilled plastics usually have a Young’s modulus of less than 3.5 GPa at room temperature (â€Å"Characterization and Failure Analysis of Plastics†, 53). Their strength is also temperature sensitive and can be affected by environmental factors as well. The strength can be improved by using fillers and fibers as reinforcements in order to enhance the mechanical properties of the plastic. The tensile strength of most plastics is less than 35 MPa. A lesser tensile stress means a lesser rigidity (MatWeb, n.pag.) but this can be increased by using resin of higher Young’s modulus so as to provide with better reinforcements. The designing of the plastic also has a signif icant role in improving the strength of the plastic (â€Å"Characterization and Failure Analysis of Plastics†, 53). Lower quality or recycled plastics have a lower tensile strength and can break at a very low magnitude of stress. This is because after recycling the plastics are â€Å"down cycled† causing them to become less rigid and more amorphous thereby causing them to break at a lower stress level. The load on the above hanger is caused by hanging clothes. In this case the force or load is caused by the weight of the clothes which depends upon the thickness of the fabric. On average clothes weigh about 2 to 5 pounds (lbs) with the weight being centered at the middle point of the hanger. Continuous weight on one point of the hanger results in breakage. The fracture shown in Figure 1 illustrates that breakage has occurred midway along the length of the hanger leaving 18.5 cm on both sides. The hanger being

Darden Resturaunts Essay Example | Topics and Well Written Essays - 10000 words

Darden Resturaunts - Essay Example We have scale and all the advantages that scale brings, and we're continuing to make changes in how we work so our scale works even harder for us. Changes that, during this past fiscal year, helped us limit earnings erosion as sales softened. Finally, we have outstanding teams in our restaurants and our restaurant support center who have tremendous expertise and skill individually and collectively, and who are highly engaged." (www.darden.com) The aim of Darden is to establish itself as the number one full service casual dining restaurant chain in North America. They hope to expand rapidly in the already established as well as new markets (Mill, 2006). International expansion is facilitated by joining hands with reputed local firms and establishing restaurants in those countries. They hope to internationally promote their brands such as Red Lobster, Long Horn Steakhouse, The Capital Grille and Seasons 52. Brand rejection: If public opinion is against a product or service a strategy should be launched to change it. If the public associates a brand with something negative, they will purposely avoid buying that product. It is vital to carefully select the logo and slogan of your product or business so that so as to highlight customer benefits that can be gained from it. This logo or slogan should be put on everything. Brand non-recognition: It is of paramount importance to identify the differences between your product and that of your competitors. These differences should be highlighted diligently. Else your brand may not be recognized by customers because it doesn't have any outstanding features that differentiate it from competitors. Brand recognition: Brand recognition will lure customers towards your product when given a choice between your product and the one they are already accustomed to. It must also be noted that the competitors are also working on brand recognition

The America Story Term Paper Example | Topics and Well Written Essays - 750 words

The America Story - Term Paper Example There are also other stories like the slave trade and it abolishment, the confrontation that existed between the Southern and the Northern States as well as the civil war of 1861-62. Moving into the nineteenth century, there are a plethora of stories about America, Their involvement in the First and Second World War and later Cold War with Russia, the civil movement in the US over discrimination led by Martin Luther and on the other front by Malcolm X (Foner and John 46). The spread of capitalism ideology to counteract the Communism spread by the Russian, there rise to World super power and the ensuing rivalry with USSR. These are just some of the stories that make part of the American story, throughout the movie reviews in our learning modules; I have considered some of the reviews to be American history by virtue of their contents. One of the movies that were reviewed had its central theme being the slavery in America, in deed, slavery is one of the stories America is widely known for, it explains the presence of the Blacks in most of the southern States of the US. During the Agrarian and industrial revolution, there were high demands for raw materials and labor to meet the escalated demands at the time. The US then engaged in slavery to obtain extra human resource that would be working in the farms and the industries, this activity continued in the US until mid of the nineteenth century when others considered it unproductive. The different views that were held in regard slavery necessitated the civil war in the US that was fought in 1862 between the Southern and the Northern States. Historically, Northerners were industrialist while the Southerners were agriculturalist; this classification made the Southerners to engage in slavery that the northerners, slaves were used in the farms as well as to run other errands that were related to agriculture, land was owned by few people while the rest were landless and had no right to own land. This meant that there was a few demand for the industrial goods that were made then, this did not augur well with the Northerners who wanted the feudal land policy to be done away with and slavery stopped in the hope that market for their products will be enhanced (Foner and John 56). From the movie review, it can be seen that Thaddeus Stevens were against the new rule that stopped slavery since it was going to hinder his progress economically, they wanted to prolong slavery, but Johnson’s plan to stop slavery could not be avoided. This move was vehemently resisted by pro slavery and sparked a fight between the Northern states and the Southern States popularly known as the civil war. Even Lincoln himself before being elected vowed not to stop slavery in the US but later while serving as the president, he saw the need to facilitate its abolishment. Like in the movie Kate Stone and her mother were almost rendered bankrupt after the war that fought slavery, they had about one fifty slave but were eventu ally left with none. It was a protracted struggle to abolish slavery and even after the abolishment, blacks were still being discriminated against and this led to the rise of civil movement in the US. Slavery and its consequences are part of the rich American story that cannot be avoided; in fact, the history of the US is not complete without talking about the slavery and the later civil movement that was witnessed in the nineteenth century. Following slavery in the US, it is interesting to note that other states did not approve it and was thus outlawed. In some cases when one moved from one state that approves slavery to the other that do not, they were forced to free the slaves. In the constitution of the US, slavery was not

Summary Essay Example | Topics and Well Written Essays - 500 words - 7

Summary - Essay Example It took a whole 50 years before youth were first taken seriously as potential consumers. The three major ideals that changed it were deregulation, character licensing, and a new approach to market segmentation.1 The 1980s was a decade of great change in so many different ways. The debate over the regulation of the media industry during the previous decade helped open up the possibility of children to become consumers. Opponents claimed that children’s advertising was deceptive since kids could not possibly understand the hidden meanings of what was being marketed to them.2 Others argued that the government had no right to impose restrictions on what was acceptable in the marketplace. What eventuated was self-regulation, which broadcasters slowly let diminish over the years. Once this process had taken place in the United States, it was only inevitable that it would prevail in Canada too. Before the start of the commercialization of youth, young people were all lumped together in one giant market segment. Once youth advertising had begun to take place, audiences were segmented into separate niches.3 This was partly achieved through the creation of television networks specifically for children such as Nickelodeon and Music Television (MTV).4 These distinct networks were able to focus on a small set of viewers by involving their needs and wants in the makeup of programming.

Information Systems in Business Coursework Example | Topics and Well Written Essays - 500 words - 1

Information Systems in Business - Coursework Example Because it will make the ship current and historical information about the weather easily available, it will make the ship decision support possible without affecting operation system and lastly, the information will be consistent. Since the company store a lot of information data mining will assist in extracting information from the volume of data in the system without asking specific questions like the food content (week 7, slide 2). iii) One of IBM ECM solution software product is FileNet. It is a document management engine that brings together enterprise content, security, and storage features with workflow that is ready to be used and it has process management capabilities. Its features include centralized access and better control, delivery of active content in motion, and it can be integrated with Microsoft SharePoint and MS office (http://www-03.ibm.com/software/products/en/filecontmana). One of the Microsoft ECM solution software is SharePoint. It can manage documents, records, and digital assets. It can control the life cycle of documents in an organization and it can provide content for audio and video (http://technet.microsoft.com/en-us/library/ff602190%28v=office.14%29). The relationship between business entities are shown by the entity relationship diagram (ERD) and entity relationship model (ERM). When the entities are identified, it will assist the organization to clarify what they are interested in. entities are related in 1:1 (one to one) or 1: M (one to many). This relationship assists in linking up the information during the extraction from different tables in database. This relationship benefits the organizations in different ways, one is that it makes it easy to understand the picture of the current data, allow data to be independent and enable development of logical design. Entity relationship is made up of four components, namely, entity, attributes of entity, unique identifier, and relationship. Entities

Assuming that the distribution Essay Example for Free

Assuming that the distribution Essay 1. Assuming that the distribution is normal for weight relative to the ideal and 99% of the male participants scored between (–53.68, 64.64), where did 95% of the values for weight relative to the ideal lie? Round your answer to two decimal places. x=5.48, SD=22.93 5.48+1.96(22.93) = 170.5992 5.48-1.96(22.93)=80.7136 (80.71,170.60) 2. Which of the following values from Table 1 tells us about variability of the scores in a distribution? c. 22.57 3. Assuming that the distribution for General Health Perceptions is normal, 95% of the females’ scores around the mean were between what values? Round your answer to two decimal places. x=39.71, SD=25.46 39.71+1.96(25.46) = 89.6116 39.71-1.96(25.46) = -10.1916 (-10.19, 89.61) 4. Assuming that the distribution of scores for Pain is normal, 95% of the men’s scores around the mean were between what two values? Round your answer to two decimal places. x=52.53, SD=30.90 52.53+1.96(30.90) = 113.094 52.53-1.96(30.90) = -8.034 (-8.03, 113.09) 5. Were the body image scores significantly different for women versus men? Provide a rationale for your answer. Yes, body image scores were significantly higher for women (73.1 Â ± 17.0) than men (60.2 Â ± 17.0). 6. Assuming that the distribution of Mental Health scores for men is normal, where are 99% of the men’s mental health scores around the mean in this distribution? Round your answer to two decimal places. x= 57.09, SD=23.72 57.09+2.58(23.72)= 118.2876 57.09-2.58(23.72)= -4.1076 (-4.11, 118.29) 7. Assuming that the distribution of scores for Physical Functioning in women is normal, where are 99% of the women’s scores around the mean in this distribution? Round your answer to two decimal places. X= 65.20, SD=29.79 65.20+2.58(29.79) = 142.0582 65.20-2.58(29.79) = -11.6582 (-11.66, 142.06) 8. Assuming that the distribution of scores is normal, 99% of HIV-positive body image scores around the mean were between what two values? Round your answer to two decimal places. Body image scores for Male x= 60.22, SD=16.98; Female x= 73.07, SD= 16.93 Male: 60.22+2.58(16.98)= 104.0284 60.22-2.58(16.98)= 16.4116 Female: 73.07+2.58(16.93)= 116.7494 73.07-2.58(16.93)= 29.3906 Male and Female HIV+ Body Image scores combined are between (16.41, 116.75) 9. Assuming that the distribution of scores for Role Functioning is normal, 99% of the men’s scores around the mean were between what values? Round your answer to two decimal places. x=50.00, SD=46.29 50.00+2.58(46.29)= 169.4282 50.00-2.58(46.29)=-69.4282 (-69.43,169.43)

Organizational information systems and their functionalities

Organizational information systems and their functionalities The concept of an information system is used in organizations in reference to a computer system which provides the management and other personnel with updated information on the organizational performance such as current inventory and sales. The organizational information systems are designed/developed administered and maintained in order to capture, analyze, quantify, compile, manipulate and share the information. The management information systems are those systems that serve the general, predictable management functions with technological advancements, the enterprise resource planning software and the executive information systems which have improved functionality, integrated and high flexibility. (Hoganson, 2001). The internet further accelerates the information system processes and information exchange through avenues such as e-mail, intranets and the extranets. It allows for wider accessibility and a faster rate of information exchange. The internet technologies such as web-casting and videoconferencing allows for quick and real-time exchange of information. Other modes of mobile computing in line with the internet communication have also increased the accessibility these include; the multi-functional mobile phones, and the IPad. Organizations information systems and their functionalities Organizations implement the information systems for the purposes of improving on efficiency and the effectiveness, to achieve the purpose of implementation, the organization should determine the capabilities of the information system, the work systems and the development/implementation methodologies. The traditional information was composed of executive information systems, the decision support system, management information systems and lastly the transaction processing. The advancement of technology has led to the emergence of new categories of information systems that include; Databases Enterprise systems The enterprise resource planning Office automations Global information systems Expert systems Human Resource Management Systems Information system functionalities The information system functions are varied, for the Riordan Manufacturing Virtual Organization the functions of the information systems will include; The document and record management This is the most crucial aspect of information system especially for the manufacturing organizations such as the Riordan Manufacturing Virtual Organization, the information in the documents is analyzed, quantified compiled and manipulated to enable the organization to determine the means to create the new products and services, the information also provides the market information such as demand and supply, procurement, shipment and customer billing. (Fairhtorne, 1961) The documents include accounting, marketing, financial, manufacturing and human resource. The information system serves as the organizational library since the information is collected and indexed according to the requirements and type of the organization. The information systems improves the accessibility of the information Information, this is because the location and retrieval of the archived information involves a direct and logical process. The designing of the information systems employs a very careful plan which outlines how the information is organized and indexed. Information system as a collaborative tool These serve the purpose of data and information sharing through the use of the information systems software and hardware. The information systems allows the exchange and of data between different departments of the organization and resource sharing in the context of real-time communication, therefore the utilization of the information systems as the collaborative tool in a manufacturing organization such as the Riordan Manufacturing Virtual Organization greatly improves its efficiency. Data mining The information systems enable the analysis of empirical data and the extrapolating of information. Manufacturing and even processing organizations use the extrapolated results in the forecasting and definition of the future trends in the market. Information systems as Query tools The information systems functions as the query tools by allowing the sorting and filtering of information in accordance to the management specification and the system administration. These enable the user to find specific information that is needed in performing a given function. The organizations have a workforce with a varied and wider knowledge base, the information systems ensure a successful navigation of various information levels. The information system administrator helps in ascertaining that the varied collection, retrieval and the analyzation of the systems operate on a common platform. The querying of the information also employs the use of the intelligent agents which customizes the information in order to fit to the individual needs of the organization. The Human Resource Management Systems These systems employ the use of the client-server, the Application Service Provider, and the Software. Human Resource Management Systems have increased the administrative control. Human Resource Management Systems encompass; the Payroll, Work Time, HR management Information system, Recruiting and Training (Learning Management System) Global interconnectivity The payroll module enables the automation of the pay process through gathering data about the employees attendance, calculation of various deductions and the taxes, and the generation periodic pay cheque and reports The work time module collects the standardized time and work related efforts, it provides a broad flexibility for data collection, the distribution of labor and the data analysis features. The HR management module covers many aspects of HR ranging from the application to the retirement. These include; the system records, the basic demographic, the address data, the training and development plans, and the compensation plan records. The advanced systems provide the ability to read the applications and data entry in relevance to applications of the database fields, through the global interconnections the employers are notified and provided with a good management position and overall control. The Human resource management function involves; recruitment, placement, evaluating, compensation and the development of the organizations employees. (Caldelli Parmigiani, 2004) The businesses use the computer based information systems to; produce the pay checks and payroll reports; maintain the personnel records; and enhance Talent Management. The global interconnectivity enables online recruitment and analyzing of personnel usage in organizations; identification of the potential applicants; and the recruitment through online recruiting sites or publications that market to both recruiters and applicants. The globalization also provides the training module creates the system for organizations to easily administer and track the employees training and career development efforts. HR managers can also track the education qualifications and skills of their employees, the process of outlining training courses or the web based learning materials are also enabled through the interconnection of the HRMS. A failure in the operation of a major system of operation of the human resource management system could lead to fatal losses that can cause the fall of an organization. Therefore the main reason for the protection of this system is because it the backbone of all the operations of the organizations which depend on human resource for the utilization of other resources.

Christ’s Resurrection Foretold and Witnessed Essays -- Religion, Bible

I suppose, since I became a Christian (born again July 31, 1975), I have heard a lot of different opinions concerning different areas and events of the Bible. Of all the topics and points of interest, none has intrigued me as much as the Death, Burial, and Resurrection of my Lord and Savior, Jesus Christ. As you read this study there is one main point that all Christians will agree on. It may not be the day of the week or the hour of the day Jesus died, but we will all agree to the fact that Jesus did arise from the dead and is currently at the right hand of God the Father. You might be a religious person, yet not believe Jesus arose from the dead. That belief would not negate you from being religious, but it would negate a profession of one being a Christian. If a person believes in his heart and confesses with his mouth that God raised Jesus from the dead, he shall be saved. (Romans 10:9) With this in mind, I want to guide you into some of the scriptures concerning the cruc ifixion, burial and resurrection of our Lord Jesus Christ. Chapter 1 One of the most difficult things for me to understand (being raised in our western culture, and religious background) are the Jewish Holy Days, Feast, and Laws. Therefore it took the Holy Spirit to show me how the puzzle pieces fit together. One of the pieces of the puzzle was how Jesus could have been crucified on Friday and resurrected on Sunday and still been in the grave for three days and three nights. All of my Sunday School literature since I was a child has always eluded to these days. I’ve looked into literature in several Protestant Denominations and they all teach the same days of Crucifixion and Resurrection. As I prayed and studied, I wondered why no one ever e... ...e the body of Christ gone. It was there the angel from Heaven told of his resurrection and said to go and tell the others who were in mourning and waiting. It was when Peter and John got to the tomb, and seeing the grave clothes and the head wrap, lying there where Jesus had lain, that in a brief span of time the Holy Ghost revealed to John the things concerning the current events, that Jesus was alive and risen forevermore and he believed. John 20:8(KJV) I truly believe that if you study the scriptures referenced here you will concur that Jesus was crucified on Wednesday afternoon, and arose on Saturday afternoon. The witness of the resurrection and the visual body of Jesus was seen and recorded in each of the four gospels, Matthew, Mark, Luke, and John. I trust that you may truly believe the word of God is the infallible, inerrent, inspired, word of God..

Alphonse Scarface Capone Essay examples -- essays research papers

Alphonse “Scarface'; Capone BACKGROUND INFORMATION  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Alphonse Capone was born on January 17, 1899. He grew up in rough neighborhood in Brooklyn, NY where he would attend school only up to the sixth grade, when dropped out. Capone got his nickname “Scarface'; from a knife attack by the brother of a woman whom Capone had insulted. The attack left him with three scars across his face and a new nickname.   Ã‚  Ã‚  Ã‚  Ã‚  Capone joined his first gang when he became part of the James Street Gang, headed by the well-known Johnny Torrio. In 1920, upon the request of Torrio, Capone went to work for Johnny’s Uncle, Big Jim Colosimo. Colosimo was the head of the largest prostitution and gambling ring in Chicago.   Ã‚  Ã‚  Ã‚  Ã‚  After the murder of Colosimo, Torrio took over his uncle’s empire, but he was forced to retire after an attempt on his life. So Capone took over and by the time he was 26, he was managing more than a thousand employees, each one of whom he demanded full commitment and loyalty.   Ã‚  Ã‚  Ã‚  Ã‚  In 1929, Al Capone’s most famous escapade occurred and was to become known as the St. Valentines Day massacre. The event took place at the bootlegging headquarters of George “Bugs'; Moran, Capone’s latest rival. Five police officers walked into the garage, lined up Moran’s men, and shot them dow...

Heart of Darkness in Relation to its Title Essays -- essays research p

The Parallel meaning of the novella with its title- Heart of Darkness The title, Heart of Darkness, aptly chosen, can be very strongly linked to the novel. IT can be used to describe Joseph Conrad’s views on civilization, the individual mind and the land into which he ventures. These sum up his opinions on the bourgeoise society, uncivilized society and the faults of human nature, linking them to the land under one common theme and thus establishing the title. ‘Heart of Darkness’ can most noticeably describe Marlow’s journey into the heart of the land. A dominant symbol in the novel is of the river- the snake- â€Å"But there was in it one river especially, a mighty big river, that you could see on the map, resembling an immense snake uncoiled with its head to the sea, its body at rest curving afar over a vast country, and its tail lost in the depths of a land† (71). This river brings him into what has become a ‘dark’ place- â€Å"It had ceased to be a blank space of delightful mystery- a white patch for a boy to dream gloriously over. It had become a place of darkness† (71). As in snakes and ladders, you start at the head and go towards the tail. This leads him into evil (snake symbolism), danger (uncoiled), and deeper towards Kurtz, whom the snake has swallowed towards the tail. As he travels along, just as the snake’s body grows thinner, so do the tolerance levels of those who thin k they are civilized. First Fresleven clubs a black village chief, then a brawl breaks out, and this progresses to all-out insanity, where cannibals, primitives, Inca-like natives and, eventually, Kurtz, reside, where he loses any control he had of his life, doing anything for more ivory, and realizes this in his dying moments. Marlow again mentions headin... ...ke hell break loose. Voyage into the land increases the themes of death and chaos. However, with the trek into the heart of the land, the other two concepts significantly grow- civilization becomes more and more edacious, and the dark heart of each individual is more likely to burst free. This may very well explain how when with his aunt, Marlow is so resisting that he states that the company is totally profit-oriented. By the time he has been at the station for a period of time and reads Kurtz’s book, he actually considers his views on the inferiority of the natives. Also note how the continent ‘got to’ Fresleven, causing him to go insane. The half-hidden, negative side in each concept becomes the ‘heart of darkness,’ both relating it to the title and a very unifying theme. Bibliography Conrad, Joseph. Heart of Darkeness. New York: Chelsea House, 1987.

Financial Market

International Journal of Islamic and Middle Eastern Finance and Management Emerald Article: Financial market risk and gold investment in an emerging market: the case of Malaysia Mansor H. Ibrahim Article information: To cite this document: Mansor H. Ibrahim, (2012),†Financial market risk and gold investment in an emerging market: the case of Malaysia†, International Journal of Islamic and Middle Eastern Finance and Management, Vol. 5 Iss: 1 pp. 25 – 34 Permanent link to this document: http://dx. doi. org/10. 1108/17538391211216802 Downloaded on: 26-09-2012References: This document contains references to 13 other documents To copy this document: [email  protected] com This document has been downloaded 335 times since 2012. * Users who downloaded this Article also downloaded: * Mohamed Hisham Yahya, Junaina Muhammad, Abdul Razak Abdul Hadi, (2012),†A comparative study on the level of efficiency between Islamic and conventional banking systems in Malaysia†, International Journal of Islamic and Middle Eastern Finance and Management, Vol. 5 Iss: 1 pp. 48 – 62 http://dx. doi. org/10. 1108/17538391211216820Muhamad Abduh, Mohd Azmi Omar, (2012),†Islamic banking and economic growth: the Indonesian experience†, International Journal of Islamic and Middle Eastern Finance and Management, Vol. 5 Iss: 1 pp. 35 – 47 http://dx. doi. org/10. 1108/17538391211216811 Samy Nathan Garas, (2012),†The control of the Shari'a Supervisory Board in the Islamic financial institutions†, International Journal of Islamic and Middle Eastern Finance and Management, Vol. 5 Iss: 1 pp. 8 – 24 http://dx. doi. org/10. 1108/17538391211216794 Access to this document was granted through an Emerald subscription provided y ASSUMPTION UNIVERSITY OF THAILAND For Authors: If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service. Information about how to choose which pub lication to write for and submission guidelines are available for all. Please visit www. emeraldinsight. com/authors for more information. About Emerald www. emeraldinsight. com With over forty years' experience, Emerald Group Publishing is a leading independent publisher of global research with impact in business, society, public policy and education.In total, Emerald publishes over 275 journals and more than 130 book series, as well as an extensive range of online products and services. Emerald is both COUNTER 3 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. *Related content and download information correct at time of download. The current issue and full text archive of this journal is available at www. emeraldinsight. com/1753-8394. htm Financial market risk and gold investment in an emerging market: the case of MalaysiaMansor H. Ibrahim Mar ket risk and gold investment 25 Department of Economics, Universiti Putra Malaysia, Serdang, Malaysia Abstract Purpose – The purpose of this paper is to examine the relation between gold return and stock market return and whether its relation changes in times of consecutive negative market returns for an emerging market, Malaysia. Design/methodology/approach – The paper applies the autoregressive distributed model to link gold returns to stock returns with TGARCH/EGARCH error speci? cation using daily data from August 1, 2001 to March 31, 2010, a total of 2,261 observations.Findings – A signi? cant positive but low correlation is found between gold and once-lagged stock returns. Moreover, consecutive negative market returns do not seem to intensify the co-movement between the gold and stock markets as normally documented among national stock markets in times of ? nancial turbulences. Indeed, there is some evidence that the gold market surges when faced with cons ecutive market declines. Practical implications – Based on these results, there are potential bene? ts of gold investment during periods of stock market slumps. The ? ndings should prove useful for designing ? ancial investment portfolios. Originality/value – The paper evaluates the role of gold from a domestic perspective, which should be more relevant to domestic investors in guarding against recurring heightened stock market risk. Keywords Malaysia, Emerging markets, Gold, Returns, Investments, Stock markets, Gold investment, Market return, Correlations, Market risk Paper type Research paper Introduction Over the past decades, the global ? nancial markets have witnessed a string of ? nancial crises, among them include the Mexican peso crisis in 1994, the Asian ? nancial ? in 1997/1998, the Russian crisis in 1998, the Brazilian crisis in 1999, the Argentine ? nancial crisis in 2001/2002 and most recently the US subprime crisis in 2007 and the Greece ? nancial crisis in 2009. Mentioning of these crises is likely to conjure up in the mind of many the images of excessive risk in stock market investment and to bring back interest in gold as an alternative investment asset. This interest is well-placed as gold used to be a standard of value, is still considered as a store of value and is universally accepted. Moreover, there seems to be a trong belief that gold can provide protection, as a hedge or a safe haven, against this heightened risk in the ? nancial markets. As noted by Baur and McDermott (2010), gold differs from other assets in that it reacts positively to adverse market shocks. As they mention, real gold value reached its historic high roughly in 1980 when the global economy faced the threat of stag? ation due to oil crises in 1970s. Likewise, at the time the US subprime crisis intensi? ed in September 2008, gold has responded with a surge in its value (Baur and McDermott, 2010). International Journal of Islamic and Middle Eastern Finance andManagement Vol. 5 No. 1, 2012 pp. 25-34 q Emerald Group Publishing Limited 1753-8394 DOI 10. 1108/17538391211216802 IMEFM 5,1 26 Against a backdrop of recurring ? nancial crises and contagion as well as emerging interest in gold, several studies have attempted empirical investigation of gold hedging property. Notable among these studies are recent works by Capie et al. (2005), Hillier et al. (2006), Baur and Lucey (2010) and Baur and McDermott (2010). Capie et al. (2005) investigate an exchange rate hedge of gold using weekly data of gold price and sterling-dollar and yen-dollar exchange rates from January 1971 to February 2004.They ? nd supportive evidence for exchange rate hedging property of gold, although the strength of hedging tends to vary over time. Hillier et al. (2006) assesses the investment role of precious metals, namely gold, platinum and silver for the US market. They note low correlations between these three metals and stock market returns, which suggests diversi ? cation bene? ts of gold investment. Baur and Lucey (2010) examines whether gold is a safe haven, i. e. maintaining its value in times of market stress or turmoil, for the US, UK and German markets.They document evidence suggesting the ability of gold to hedge against ? nancial risks and to serve as a safe haven in extreme market conditions for these markets. Most recently, Baur and McDermott (2010) extend the work of Baur and Lucey (2010) to a larger number of markets, which include both major developed and emerging markets. They analyze the relations between gold return and returns of world and emerging market indexes, various regional market indexes, and 13 individual market indexes. Their results demonstrate the ability of gold to provide a hedge and a strong safe haven for European and US markets.Thus, for developed markets, gold provides protection against losses during extreme market conditions. As they explain, investors in these markets sell stocks and buy gold when faced with heightened ? nancial risk. By contrast, the emerging markets seem to lack these properties indicating that investors tend to react differently to adverse shocks in emerging markets. Namely, they shift the composition of their portfolios by selling shares of emerging markets and seeking shelter in the developed markets, which are viewed to be relatively safe.In the present paper, we take lead from these studies and examine the investment role of gold for an emerging Asian market, Malaysia. We attempt to contribute to this line of inquiry in several aspects. First, in Baur and McDermott (2010), the investment role of gold for emerging markets is examined by looking at the relation between gold return and emerging market index return and individual market returns of four largest emerging markets, i. e. Brazil, Russia, India and China. We add to their study by looking at a smaller emerging market.Second, while the present study looks at gold investment from an international perspec tive, we look at the issue from a domestic perspective. All aforementioned studies employ gold price in US dollar in their analysis. Instead of using the dollar-denominated gold price and converting it into domestic currency unit as in Baur and Lucey (2010), we use domestic gold price instead. While we acknowledge that the Malaysian gold price may have depended on the global gold price, the use of gold price quoted domestically in ringgit screens out potential confounding effect of exchange rate movement and currency onversion. Finally, we bring out a new empirical perspective in evaluating the investment role of gold. Namely, we examine whether gold maintains its value or its relation with market returns when faced with consecutive negative daily returns. We focus on Malaysia due to deep interest in gold shown by Malaysian policymakers and academics in the face of 1997/1998 Asian ? nancial crisis. Tun Mahathir Mohamad, the then Prime Minister of Malaysia, voiced interest in this un iversally accepted asset and proposed the use of gold particularly in international trade settlement The News Strait Times, 2001). A series of international conferences have been organized on the subject of gold and gold Dinar[1], among them include International Conference on Stable and Just Monetary System and International Conference on the Gold Dinar in Multilateral Trade in 2002, International Conference on Gold in International Trade in 2003 and International Conference on Gold Dinar Economy in 2007. In July 2001, Malaysia became the 12th country in the world to have its own gold bullion coins through the launching of the gold bullion coins known as Kijang Emas by the Royal Mint Malaysia.This is followed by the issuance of Royal Mint gold Dinar in 2003 and Kelantan State gold Dinar in 2006. While the introduction of these gold coins is to serve primarily as a store of value or an alternative ? nancial asset for investment, the gold investment performance for the case of Malays ia has hardly received any empirical attention. The availability of daily domestic gold bullion price since 2001 provides us an opportunity to examine the investment role of gold from a domestic market perspective and, at the same time, widens the literature on emerging markets. The rest of the paper is structured as follows.In the next section, we provides the empirical framework used in the analysis. Then, we describes the data and present estimation results. Finally, we conclude with the main ? ndings and some concluding remarks. Empirical framework We specify our empirical model using an autoregressive distributed lag model along the line of Capie et al. (2005). Thus, we have: RG;t ? a ? rRG;t21 ? b1 RS;t ? b2 RS;t21 ? 1t ?1? where RG is the daily return of gold investment and RS is the corresponding return of stock investment. The lagged dependent is included to allow for autocorrelation structure in gold return.Meanwhile, the incorporation of once-lagged stock return is based on our presumption that, in emerging markets, the transmission of information among markets may take time. That is, the changes in stock return may be impounded into the gold return with lag. The total sensitivity of gold return to stock market ? uctuations is based on the sum of stock market coef? cients, i. e. b1 ? b2. If this sum is signi? cantly positive and is far from unity or the model explanatory is close to zero, we may conclude that gold serves as a diversi? cation asset (Hillier et al. , 2006).Meanwhile, if it is not signi? cant or is signi? cantly negative, then gold investment can provide a hedge against ? nancial market risk (Baur and Lucey, 2010; Baur and McDermott, 2010). We refer to equation (1) as our basic model. Based on equation (1), we ask further whether gold return dynamics remain similar under conditions of consecutive negative market returns. To this end, we adapt the framework used by Nam et al. (2005) in their analysis of stock return asymmetry by modifyi ng equation (1) as: RG;t ? a0 ? a1 Nmt ? rRG;t21 ? ?b10 ? b11 Nmt ? ? RS;t ? ?b20 ? b21 Nmt ? ? RS;t21 ? 1t ?2? here Nmt is a dummy variable representing consecutive negative market returns. Five alternative dummies corresponding to days of consecutive negative returns are considered and they are de? ned as: Market risk and gold investment 27 IMEFM 5,1 N0 ? 28 † N1 ? N4 ? † † 1 if RS;t , 0 0 otherwise 1 if RS;t , 0; RS;t21 , 0 0 otherwise ?3? ?4? . . . 1 if RS;t , 0; 0 otherwise RS;t21 , 0; :::; RS;t24 , 0 ?5? Note that we include Nm as both intercept and interactive dummies. The intercept dummy is intended to capture the level effect of m ? 1 consecutive negative market returns, current return and the returns of last m days, on gold return.Meanwhile, the interactive dummy is to capture the changing relations between stock return and gold return under conditions of consecutive negative market returns, the main interest of the paper. In the paper, we denote these mo dels with alternative de? nition of dummies, respectively, as model N0, N1, N2, N3 and N4. In equation (2), the sum b10 ? b20 captures the relation between the two markets under normal market conditions while b10 ? b20 ? b11 ? b21 measures their relation when the stock market experiences m ? 1 days of consecutive negative returns. Accordingly, the signi? cance of b11 and b21 re? cts the changing relations between gold return and market return in times of market downturns. If they are signi? cantly positive, then the gold return tends to move in closer tandem to stock market movement, weakening gold investment role as a diversi? cation asset. However, if they are signi? cantly negative, then gold investment is said to provide at least a hedge against ? nancial losses during market downturns. Finally, if they are insigni? cantly different from 0, the dynamics of gold return tends to resist the slumps in stock prices and preserves its relation to the stock market regardless of the mark et conditions.We believe that this perspective that we bring provides a nice complementary empirical exercise to the works of Baur and Lucey (2010) and Baur and McDermott (2010) that look at the relations between the two during extreme market conditions. In the implementation of equations (1) and (2), we take note of ample evidence that high-frequency asset returns tend to exhibit leptokurtic property or volatility clustering, the so-called autoregressive conditional heteroskedasticity (ARCH) effect. In ? nance literature, various error distributions have been assumed and variance equation speci? cations have been suggested.The error distribution is assumed to be distributed according to either the normal distribution (N), t-distribution (T), or generalized error distribution (G). Among the time-varying variance speci? cations include the generalized autoregressive conditional heteroskedasticity (GARCH), threshold ARCH (TARCH), and exponentional GARCH (EGARCH). The latter two allow for asymmetric responses of volatility to positive and negative shocks. To avoid arbitrary model selection, we follow Capie et al. (2005) by basing on the maximum of log likelihood as a selection criterion. We ? nd asymmetric volatility speci? cation (TARCH or EGARCH) to best ? the gold return dynamics and generalized error distribution to best describe the error distribution. The suitability of asymmetric volatility modeling for gold return is in conformity with the behavior of other asset returns (Lobo, 2000; Koutmos and Martin, 2003). Data We employ 2,261 daily observations spanning from August 1, 2001 to March 31, 2010. The beginning date is dictated by data availability of gold bullion price. The selling prices of one troy ounce domestic gold bullion are used to represent domestic gold prices while the Kuala Lumpur composite index is used to represent aggregate prices of stock market investment.The data on the two prices are sourced, respectively, from Malaysia’s central bank, Bank Negara Malaysia, and Data Stream International. We compute gold and stock market returns as the ? rst difference of the natural log of respective series. Table I provides descriptive statistics of the two returns. We also plot these series in level and ? rst-differenced forms in Figure 1. Both gold and stock prices experience an upward trend over the sample period. While the daily average gold return is relatively higher than the daily average stock market return (i. e. 0. 6 percent against 0. 03 percent), it is more volatile than the market return as re? ected their respective standard deviations. This is accounted by the more extreme positive values of gold return (0. 1246) than the stock market return (0. 0426). Meanwhile, the extreme negative value of stock market return (2 0. 9997) is only slightly higher than the corresponding value of gold return (2 0. 0782). From the plots, we also note marked reduction of stock market prices around years of the Argentine ? nanci al crisis in 2001/2002 and of the US subprime crisis in 2007/2008.While the gold return is positively skewed, the market return demonstrates a negative skewness. Both return series are characterized by excess peakness having kurtosis statistics to be substantially higher than 3. This suggests volatility clustering in the return series, which is apparent in the graphical plots. The Jarge-Bera statistics reported at the bottom of Table I soundly rejects the null of normality for both returns. These characteristics in the data seem to justify the use of GARCH-type models for model speci? cation. As a preliminary analysis, we report the cross-correlations between RG,t and RS,t for up to ? e lags. With the standard error in the order of 0. 021 in absolute value, the correlation of roughly 0. 042 and higher suggests signi? cance correlation between the two returns. We note very low and mostly positive correlations between gold return and contemporaneous and lagged stock returns. Among the se correlations, only the DG Mean Median Maximum Minimum SD Skewness Kurtosis Jarque-Bera Probability Observations 0. 000305 8. 72 ? 102 5 0. 042587 2 0. 099785 0. 008518 2 0. 999659 15. 06466 14,082. 94 0. 000000 2,260 29 DS 0. 000561 0. 000000 0. 124645 2 0. 078182 0. 011909 0. 092587 12. 8588 8,656. 123 0. 000000 2,260 Market risk and gold investment Table I. Descriptive statistics IMEFM 5,1 8. 4 0. 15 0. 10 8. 0 0. 05 30 7. 6 0. 00 7. 2 6. 8 –0. 05 02 03 04 05 06 07 08 09 –0. 10 02 03 04 05 06 07 08 09 08 09 (b) Gold Return (a) Natural Log of Gold Price 7. 4 0. 08 7. 2 0. 04 7. 0 0. 00 6. 8 –0. 04 6. 6 Figure 1. Graphical plots of gold and stock prices and returns –0. 08 6. 4 6. 2 02 03 04 05 06 07 08 09 –0. 12 (c) Natural Log of Kuala Lumpur Composite Index 02 03 04 05 06 07 (d) Stock Market Return correlation between gold return and once-lagged stock return is signi? ant. Its correlation is positive, suggesting that the gold market tends to f ollow the stock market with one-day lag. The cross-correlations between gold return and lead stock returns indicate the absence of signi? cation correlations. Accordingly, the gold market does not lead the stock market. This preliminary analysis seems to provide a basis for our one-equation empirical approach with no feedback from gold return to stock return and with the inclusion of once-lagged stock return in the mean equation of gold return. As regards to our main interest, it indicates at best the diversi? ation property of gold investment since its noted positive correlation is far from unity. However, this ? nding is only suggestive and must be subject to a formal analysis, which we turn next (Table II). Estimation results This section conducts a formal analysis of gold return and its relation to stock market return as speci? ed in equations (1) and (2) using GARCH-type models. We experiment with various error distribution assumption and variance speci? cation and choose the o ne that maximizes the log likelihood. The values of log likelihood functions for alternative models are given in Table III.This log likelihood criterion unequivocally suggests the generalized error distribution of error terms. It also suggests either TARCH or EGARCH speci? cation to best describe variance speci? cation. TARCH speci? cation is chosen for basic model, model N0 and model N1 while EGARCH speci? cation for other models. Note that the differences in the log likelihood values between the two speci? cations are marginal. Estimation of the TARCH (1, 1) model for the basic mean equation yields the following results (numbers in parentheses are p-values): RG;t ? ht ? 0:0004 20:0344RG;t21 20:0111RS;t ?0:016? ?0:046? 0:582? 0:0000014 ?0:008? ?0:07721221 t 31 ?0:0502RS;t21 ?0:014? 20:05351221 I t21 t ?0:000? Market risk and gold investment ?0:003? ?0:9413ht21 ?0:000? N ? 2; 259; GED Parameter ? 1:7025 ? 0:000? ; Log Likelihood ? 7; 168:42 where It ? 1 if 1t , 0 and 0 otherwise. Th e use of TARCH model implies that previous shocks have asymmetric effects on volatility. Since the coef? cient of 1221 I t21 is negative, t bad news (1t , 0) tends to dampen market volatility. In other words, once-lagged positive news (1t2 1 . 0) exerts a greater impact on gold return volatility than negative news does, which conforms to the ? ding of Capie et al. (2005). Moreover, gold return volatility tends to be highly persistent as suggested by large coef? cient of lagged volatility. Turning to our main theme, we note the signi? cance of only once-lagged stock return. This conforms to the correlation structure observed in the previous section. However, its coef? cient is small, in the order of 0. 05. Thus, a 10 percentage point k RG,t, RS,t-k RG,t, RS,t? k 0 1 2 3 4 5 0. 0032 0. 0579 2 0. 0224 0. 0127 2 0. 0085 0. 0173 0. 0032 0. 0240 0. 0151 0. 0254 0. 0258 2 0. 0167 GARCH Speci? cation Basic N0 N1 N2 N3 N4GARCH-N GARCH-T GARCH-G TGARCH-N TGARCH-T TGARCH-G EGARCH-N EGARCH-T EG ARCH-G 7,035. 569 7,146. 246 7,163. 378 7,046. 186 7,153. 767 7,168. 421 7,026. 377 7,158. 247 7,168. 083 7,035. 893 7,146. 520 7,165. 204 7,046. 458 7,154. 348 7,170. 701 7,026. 710 7,158. 82 7,170. 554 7,036. 291 7,146. 26 7,163. 645 7,046. 785 7,153. 782 7,168. 730 7,027. 169 7,158. 361 7,168. 641 7,034. 568 7,142. 140 7,159. 647 7,045. 231 7,149. 472 7,164. 399 7,031. 521 7,154. 147 7,164. 628 7,031. 221 7,138. 171 7,156. 706 7,043. 397 7,146. 017 7,162. 170 7,030. 436 7,151. 064 7,163. 104 7,030. 379 ,134. 302 7,152. 533 7,042. 447 7,141. 644 7,157. 886 7,031. 285 7,146. 542 7,159. 008 Table II. Estimated cross-correlations Model Table III. Log likelihood of alternative GARCH speci? cations IMEFM 5,1 32 reduction in stock returns is associated the decrease in stock return by 0. 50 percentage point on average and likewise for the stock market increase. Note that the coef? cient of lagged gold return is negative. This suggests that the gold return tends to exhibit a reversal patt ern and that the long run impact on gold return of stock market variations is even smaller.In order to evaluate the dynamics of gold return during times of consecutive negative market returns, we estimate the chosen GARCH models (Table III) for the consecutive negative returns ranging from one to ? ve days (equation (2)). Results of the estimation are provided in Table IV. Note from the table that there are no changes in the results for the variance equation. Gold return volatility depends mostly on its past volatility and positive shocks tend to propel higher volatility. In the mean equation, we generally observe no level effect of consecutive negative market returns on gold return except for model 3.Similar to the basic model, we note signi? cant positive coef? cient of lagged stock return in all models except one, i. e. model N0. More importantly, there seems to be no changes in the relations between gold and stock returns in times of consecutive negative market returns. The coef ? cients of interactive dummies are all indistinguishable from 0 except one, i. e. the N3 model. In the case of N3 model, the investment role of gold is further enhanced. In responses to four consecutive Estimated coef? cients Mean equation a0 a1 r b10 b11 b20 b21 Variance equation u0 u1 u2 u3 N0 (TARCH) 0. 0000 2 0. 0007 2 0. 315 * 0. 0465 2 0. 0602 0. 0352 0. 0254 N1 (TARCH) 0. 0003 2 0. 0004 2 0. 0320 * 2 0. 0054 0. 0263 0. 0545 * * 2 0. 0114 Model N2 (EGARCH) N3 (EGARCH) N4 (EGARCH) 0. 0004 * * 0. 0001 2 0. 0341 * * 2 0. 0093 0. 0110 0. 0474 * * 0. 0150 0. 0004 * * 2 0. 0025 * * 2 0. 0265 2 0. 0034 2 0. 0979 0. 0549 * 2 0. 2243 * * 0. 0004 * * 2 0. 0008 2 0. 0284 * 2 0. 0036 2 0. 0146 0. 0507 * * 2 0. 2640 0. 000001 * * * 0. 000001 * * * 2 0. 1156 * * * 2 0. 1064 * * * 2 0. 1261 * * * 0. 0809 * * * 0. 0776 * * * 0. 0858 * * * 0. 0830 * * * 0. 0923 * * * 2 0. 0575 * * * 2 0. 0539 * * * 0. 0595 * * * 0. 0603 * * * 0. 0592 * * * . 9402 * * * 0. 9410 * * * 0. 9942 * * * 0. 9950 * * * 0. 9936 * * * Notes: Signi? cant at: *10, * *5 and * * *1 percent, respectively; the estimated models are: Mean equation: RG;t ? a0 ? a1 Nmt ? rRG;t21 ? ?b10 ? b11 Nmt ? ? RS;t ? ?b20 ? b21 Nmt ? ? RS;t21 ? 1t Variance equations: TARCH: Table IV. Estimation results of extended models ht ? u0 ? u1 1221 ? u2 1221 ? I t21 ? u3 ht21 t t GARCH: p log ht ? u0 ? u1 j1t21 = ht21 j ? u2 1t21 =ht21 ? u3 log ht21 negative market returns, current and last three-day returns, the gold market tends to move in the opposite direction of stock market slumps.The coef? cient of interactive dummy-lagged stock return in the N3 model is signi? cantly negative and its magnitude (in absolute term) is substantially higher than the coef? cient of lagged stock return. Thus, there seems to be a movement of the gold market away from downward trend in the stock market. The evidence that we uncover, thus, supports strong resistance of the gold market to stock market downturns. This is in sharp contrast to the we ll-documented ? nding that national stock markets tend to have strong co-movements during times of market decline and turmoil, which limit potential diversi? cation bene? across national stock markets. The heightened reaction of domestic stock markets to downturns in other markets have been documented by Pagan and Soydemir (2001) and Bahng and Shin (2003) for several emerging markets. Moreover, the ? nancial crises are noted to propagate shocks more strongly through the contagion or domino effect (Dornbusch et al. , 2000; Hasman and Samartin, 2008; Markwat et al. , 2009). Thus, a ? ight to other markets for shelter during times of ? nancial crises may not help. In the case of gold investment, its diversi? cation bene? ts are not restrained in times of market downturns.Indeed, there is some evidence that the stock market may surge in value when the stock market posts a negative trend. Conclusion A series of ? nancial crises that erupted in different parts of the world and their accom panying excessive risk have raised serious concern over investment in stock markets and are likely to bring back interest in gold as an alternative investment asset. In light of this, we examine the relation between gold and stock returns and investigate whether it changes during times of consecutive negative market returns for an emerging market, Malaysia.Applying GARCH-type models to daily gold and stock returns over the period August 2001-March 2010, we uncover evidence indicating signi? cant positive relation between gold return and once-lagged stock return. However, the coef? cient of the once-lagged stock return in gold return equation is small and far from unity. We further note that, their relation has not strengthened during times of consecutive days of market declines. To the contrary, we ? nd some evidence that gold return tends to break from its positive relation with stock market return following four consecutive stock market returns. These ? dings are in sharp contrast to the observed strong co-movements among national stock markets in periods of market downturns, which are attributed to contagion or domino effect. Based on these results, we incline to suggest the favorable property of gold as an investment asset for the Malaysian emerging market. At least, gold provides a diversi? cation bene? t to investors in the Malaysian market. The domestic Malaysian gold market tends to have resistance to heightened risk in the stock market as its preserve its low positive relation with stock market variations regardless of the market conditions.At best, with evidence pointing to the negative relation between gold return and stock market return after four consecutive negative market returns, gold tends to possess a hedging property in times of market declines. In short, our results seem to support the initiative by Malaysia in introducing various gold coins, namely Kijang Emas, Royal Mint gold Dinar and Kelantan State gold Dinar, as a vehicle for preservin g wealth in the midst of recurring ? nancial turbulences during the present time. Market risk and gold investment 33 IMEFM 5,1 34 Note 1. Dinar refers to the name of gold coin used in Islamic history.The interest in gold Dinar during the Asian ? nancial crisis is not only limited to its store of value role and its use in international trade settlement but also to the adoption of gold as a payment standard. References Bahng, J. S. and Shin, S. -M. (2003), â€Å"Do stock price indices respond asymmetrically? Evidence from China, Japan, and South Korea†, Journal of Asian Economics, Vol. 14 No. 4, pp. 541-63. Baur, D. G. and Lucey, B. M (2010), â€Å"Is gold a hedge or a safe haven? An analysis of stocks, bonds, and gold†, The Financial Review, Vol. 45 No. 2, pp. 217-29. Baur, D. G. and McDermott, T. K. (2010), â€Å"Is gold a safe haven?International evidence†, Journal of Banking & Finance, Vol. 34 No. 8, pp. 1886-98. Capie, F. , Mills, T. C. and Wood, G. (2005), à ¢â‚¬Å"Gold as a hedge against the dollar†, Journal of International Financial Markets, Institutions and Money, Vol. 15 No. 4, pp. 343-52. Dornbusch, R. , Park, Y. and Claessens, S. (2000), â€Å"Contagion: how it spreads and how it can be stopped†, World Bank Research Observer, Vol. 15 No. 2, pp. 177-97. Hasman, A. and Samartin, M. (2008), â€Å"Information acquisition and ? nancial contagion†, Journal of Banking & Finance, Vol. 32 No. 10, pp. 2136-47. Hillier, D. , Draper, P. and Faff, R. 2006), â€Å"Do precious metals shine? An investment perspective†, Financial Analysts Journal, Vol. 62 No. 2, pp. 98-106. Koutmos, G. and Martin, A. D. (2003), â€Å"Asymmetric exchange rate exposure: theory and evidence†, International Journal of Money and Finance, Vol. 22 No. 3, pp. 365-83. Lobo, B. J. (2000), â€Å"Asymmetric effects of interest rate changes on stock prices†, The Financial Review, Vol. 35 No. 3, pp. 125-44. Markwat, T. , Kole, E. and van Dijk, D. (2009), â€Å"Contagion as a dom? no effect in global stock markets†, Journal of Banking & Finance, Vol. 33 No. 11, pp. 996-2012. Nam, K. , Washer, K. M. and Chu, Q. C. 2005), â€Å"Asymmetric return dynamics and technical trading strategies†, Journal of Banking & Finance, Vol. 29 No. 2, pp. 391-418. (The) News Strait Times (2001), â€Å"Practices in Islamic banking†, News Strait Times, June, p. 26. Pagan, J. A. and Soydemir, G. A. (2001), â€Å"Response asymmetries in the Latin American equity markets†, International Review of Financial Analysis, Vol. 10 No. 2, pp. 175-85. Corresponding author Mansor H. Ibrahim can be contacted at: [email  protected] com To purchase reprints of this article please e-mail: [email  protected] com Or visit our web site for further details: www. emeraldinsight. com/reprints

“Growing Up” Paper Essay

The book â€Å"Growing Up† is about the author Russell Baker and about his life growing up in the early 1900s. He lived through many hardships while he was growing up including his father, Benny, dying, his mother having to give up one of her children for adoption, and living through the great depression. Although his experience with the great depression was very bad I think that Russell had a little bit above average life compared to other people living in that time period. Russell was affected by the depression in many ways while growing up. Because his mother couldn’t find a job she had a very difficult time supporting her family. Because of this, His mother let Benny’s brother adopt their daughter Audrey to ease the financial burden on their family. (Baker p.85) Russell grew up without a sister that he would had had if it weren’t for the great depression. Not only did the great depression break up Russell’s family, it also forced them to move away from his childhood home and live with his uncle Allen. (Baker p.88) Russell writes that his mother was originally going to stay there until she found a steady job and could rent an apartment for herself. (Baker p.88) However this didn’t work out and she ended up staying there a lot longer. Allen is confident that he has a steady enough job to make it through the depression just fine but he eventually takes in his brothers Charlie and Hal as well. It proves too much and Russell and his mother move yet again, this time to Baltimore, where Russell is forced to find a job as a paper boy to help his mother out all that he can. The Bakers still fall on hard times and at one point they have trouble getting money even for food. As a result of this they turn to the government to receive handouts just to eat. (Russell p.200) In the book, Russell explains how his mother had to move out of their house and live with her brother and his uncle Allen because the great depression had started and his mother couldn’t find a job. (Baker p.88) Although this  is a bad situation to be in I feel that during the great depression it wasn’t so bad considering there were people who had no home at all and actually had to sleep outside on newspapers.. (As shown by photo 3 in the powerpoint.) There were lots of people during the depression that has it a lot worse than Russell Baker. Russell and his family never actually had to deal with being homeless. It was very common in large cities to have ramshackle shantytowns called â€Å"Hoovervilles† spring up on abandoned land that was basically a town of homeless people seeking shelter in homemade huts. (Foner p.637) (Photo#6) Baker and his mother also managed to both find jobs in the city Baltimore. They weren’t well paying jobs and they still had to turn to the government for food handouts but they still managed to get jobs. Unemployment was such a big issue during the depression that whole companies were going under and closing down, like U.S. Steel, who had 225,000 employed workers before 1929 and by the end of 1932 had zero. (Foner p.636) The fact that Russell and his mother both managed to find and keep jobs in Baltimore meant that they had it better that a lot of other people living in that city and they were very fortunate, The depression hit so hard in the major cities that people decided to start moving out to the country to try to grow food for their family on farms. In fact during the great depression more than 33 million people lived on farms. That was more than any previous point in American history. (Foner p.637) Russell Baker and his family never had to resort to such extreme measures. They never had to grow their own food to be sure that they could eat that night. Not that conditions were any better in the rural farm areas. By 1930 some unusually dry weather had devastated the rural America, causing the soil to dry up and a very severe drop in crop production. (Foner p.650) Things got so dry that the wind started blowing the topsoil away, creating the dust bowl which was basically giant sand storms that would decimate entire towns and homes. (Photo #5) It’s safe to say that it was a good thing Russell and his family didn’t have to resort to living out in the dust bowl like so many other Americans. Russell was also able to attend college after he graduated high school. This is another point that illustrates how good Russell had it during the depression. Not many people had the privilege to go to college during this time period. Lots of people were either unemployed or working very hard at a job they were desperate to keep. The job situation had become so bad that the government started organizations specifically for creating jobs in America such as the NRA the AAA and the CCC. (Foner p.67) Knowing that there were so few jobs that the government had programs specifically to create jobs makes you think just how lucky Russell was to be able to go to college during the great depression. I do not believe that Russell Baker’s experience was the â€Å"average† experience during the great depression. Knowing what I’ve read from the Foner text and looking at the pictures on the powerpoint, I think it paints a much different picture for the average experience of the great depression. One of desperation and sadness that just doesn’t show up in Russell’s story. Compared to today’s life for most people He absolutely had it rough but in a nation filled with homeless starving desperate people Russell didn’t have it so bad. I think that he was very fortunate to live the way he did during the depression.

Behaviors Related to the Use of Urban Facilities at Le Van Tam Park

Contentss Introduction: 1.Research inquiry 2.Hypothesis: 3.Purpose: 4.Methodology: Literature reappraisal: Consequence: Discussion Outline: Behaviors related to the usage of urban installations at Le Van Tam park ( strength countries )Introduction:Harmonizing WHO, physical inaction is a chief subscriber to decease and disablement from lifestyle-living diseases such as bosom disease, diabetes, high blood force per unit area worldwide. Promoting the degree of physical activities is one of the precedence undertakings. Making the built environment or installations in the park to promote the physical activity degree is more necessary in Ho qi minh metropolis due to there has been increasing in sedentary occupation and dependance on minibike. Recent surveies documented that the recreational installations give important parts to the physical activities degree by grownups [ 1 ] . Harmonizing to McKenzie [ 2 ] , community Parkss have possible scenes to advance the physical activities of people, irrespective to age, gender. Despite some type of Parks has been built to promote the physical activities degree near the abode in Ho qi minh metropolis such as Le Van Tam park, Gia Dinh park, †¦ However, no research on how features of these topographic points can impact PA degrees Vietnam in general, Ho Chi Minh in peculiar. Therefore, the intent of this survey to understand the relationship between built environments and physical activities degree.1.Research inquiryRaise inquiries:+ How are people able to entree the park in general, the strength country in peculiar? +Who are the users of strength country? + Do people socialise when they exercise? + How often are strength country used + What affect has built environments the usage of urban installations? + How does it impact the frequency of usage? , the effectual of usage, the satisfactory of the usageAims:to understand effects the reinforced environments on the usage of urban installations: instance survey in Le Van Tam park.Specific aim: + to determine the consequence of reinforced environments on the usage of urban facilitie + to find the ways in which reinforced environments affect the physical activitiesHypothesis: the improving of the reinforced environment, or diversion installations can better physical activities.Purpose: The intent of this survey to understand the relationship between built environments and physical activities degree. From this, whether this signifier of park can use more Parkss in Ho qi minh metropolis.4.Methodology:The methodological analysis provides an apprehension of how the research was carried out and organized in order to obtain information that could be utile for understanding the relationship †¦.in Le Van Tam park. The methodogy is based in interview with strength country, questionnaire, and obsevations. The undermentioned portion will supply the chracteristics of the research carried out, explicate the study methods used to obtain information from users, depict how the information was collected and processed, detail how participants were selected and approached, and depict how the information obtained was analyszed. The research involves a survey of strength country in which observation and some note pickings was applied to acquire information from different place users. A entire 3 little interviews and 24 users to make questionnaire were conducted indiscriminately in study country at different hours of the twenty-four hours among different age-group users. In this survey, . The research procedure consisted several stairss: Measure 1: Observation and little interview Measure 2: Preparation for study Measure 3: Survey through questionnaire Measure 4: Photograph analysis Observation of users:The initial observation was carried out on Thursday, 13 November 2014, followed by a 2nd visit on Friday, 14 November 2014 to acquire information related to country.The user study was conducted on Sunday in the forenoon and in the afternoon, 15 November 2014The activity audit was carried out after study on Sunday forenoon and afternoon, 23 November and on Monday forenoon, 24 November, from 6:45am to 8:00 am and 5:00 autopsy to 6h30 autopsy to number the figure of people take parting in the activity by gender.The secThe combination observation and study through questionnaire:TheIn field work, the fixed country was choosen through the observation in the first clip. Field-based observations were ab initio developed during the forenoon and afternoon hours in Thursday and Friday. Some important jobs that were observed in the survey country were the followers: + which country, installations people use the most + Observed physical qualities and measures + Gender and age + Social interaction + Security of the country + Counting the figure of people utilizing the recreational installations + TheQuestionnaire: The figure of particiapnts surveyed for this research was 25 users. Strength country users were approached while making their regular exercising. If they were exerting, permission was asked if interview could be conducted while making exercising, which they agreed. Peoples that were by and large sitting for resting besides asked. When attack, the academic intent of making questionnaire was explained: it was mentioned that the questionnaire were for assignments.Interview:Indicator, Variable:IndexVariableMethodFrequency of usage– How many times/week– How long day-to-day ( h/day )– When– Questionnaire–Handiness– By agencies of transit – How long? ( minuites?QuestionnaireSocialbility– The figure of people participate in activities – Group or entirelyUser’s penchantsSercurityInterview ObservationStudy population– Age ( old ages old – Gender ( male/female – OccupationAnalysis:The information from questionnaire was entered in Excel and analyzed utilizing that plan Study restriction: Due to restrictions on clip, there were some mistakes in my informations aggregationBehaviors related to the usage of urban installations at Le Van Tam parkLiterature reappraisal:Count, Mapping, Photographing, Keeping a journal, QuestionnaireWhat is known?i?what is unknownPublic infinite is defined as â€Å"all countries that are unfastened and accessible to all member of the populace in a society, in rule though non needfully in practice† ( Orum and Neal 2010: p.1 ) . The other definition of PPS, 2000 that public infinite screen out-of-doorss environments, which by and large give alleviation from urban feverish life. Harmonizing to Josph Rowntree foundation in â€Å" The societal value of public space† , include high streets, streets markets, shopping preincts, community Centres, Parkss, resort areas, and vicinity infinites in residential country.Physical activities in general, making exercising in privateThe definition of physical activities harmonizing to WHO organis ationPublic infinite drama an important function in community life. ( why is of import? ) ( the part of public infinites to community These topographic points are topographic points for people gather to run into, hear, listen exchange information. Many research show that the parts of the public infinite to physical activity, that means ( In this portion, I will compose every thing about the public infinite I know, the intent of publice topographic point, why every organic structure, or urban interior decorator have to concern aboutu the public infinite design ) Public infinite is a topographic point that people can accessibly easy with low or no cost, or make infinite for everybody to hold a lacing to sit, to listen, to see, to hear, to interchange information. In my experience, I ever choose a topographic point where I can see the big vision, may be the intent of alone state of affairs will be varied, but have to some standards to satisft the human’s need ) ( what is charact eristic of good public infinite ) There are many benefits from public topographic point generaly, particularly Parkss:Social benefit+ Creating stable vicinities with strong community. Park is an ideal environment / topographic points for everybody meet with others every bit good as encourage societal sustainability.All groups of society, irrespective to age, income, position, faith or cultural background, can participant in any activities which are offered in the park.In the park, everybody have in common somehow such as to cut down the emphasis, relax, or merely make exercising, †¦ Each person has alone intents when they go into the park, but really they want to fulfill their demand, their feeling ( what is human demand? ) People gather information though many sense such as visual perception, hearing, †¦ to roll up information, experience. In the park, one of the signifier of simple public infinite, by detecting or listening contact, people can hold theirself experience. Most of of import information can r oll up information about people and the society around us. . In human’s basic demand, In the park, people have more chances to run into each others, leads to the increasing face-to-face interaction, whichs is of import skills/ demand. Two sorts of societal contact: Passive and active. With inactive contact, with the status of the Parks, where many events are happening, single usage human sense of hear, sense of listen, sense of ticker, they can detect and garner information about people and society around us. With active contact, merely merely little negotiations or conversations, or more merely recognizing each others, they can oper more chances to run into the same subjects to discourse. Social capital, which is defined as the relationships among people that make productive activity more easy, may be related to wellness and physical activity. ( How can I understand this sentence ) ( what connexion between increasing societal benefit signifier park and societal capital )Public wellness benefits: [ 3 ]+ Physical activity makes people healthier + Access to park additions frequence of exercising. Strong cogent evidence shows that when people have entree to Parkss, they exercise more. In a survey published by the CDC, entree to topographic points for physical activity more easy led to a 25.6 per centum addition in the per centum of people exerting on three or more yearss per hebdomad. + Exposure to nature and verdure makes people healthier.From the survey in American, they found that contact with the natural universe improves physical and psychological wellness.Environment benefit+ Reducing Pollution + Making the atmosphere cool Parks may be play important function in cut downing environment pollution. Air pollution is one of serious jobs has caused many lasting or temprorary disease such as coughing, concerns, lung, pharynx, and respiratory and malignant neoplastic disease.Tree in the park somehow can cut down the degree of air pollution by absorbing soiled hatj. Furthermore, important figure of trees in the park will convent the ambiance which be cleaner, ice chest.What is diversion installationsWhat I will compose in literature reappraisal is that I have to happen out the instance survey has the same status in Ho qi minh park? The life status is the same? the park is in the cardinal metropolisHo Chi Minh nowadays has emerging developedConsequence: cong vien Gia A?a »Ã¢â‚¬ ¹nh, 23/9, Le VA?n Tam, Tao A?an la 4 cong vien A‘a? §u tien ap da »?ng loai hinh nay. DiscussionObservation determination: The first observation, I merely concentrate on what go oning in the strength country, I don’t do number the figure of people do to hold general information about survey country. The first observation during weekends, I recognized that among kids the frequence of park usage was higher during the weekends as compared with weekday. What I see when I observe 1.5 yearss, during 1 hours during in the forenoon and In the afternoon. The first observation, each forenoon at 7:00 am, I started numbering during 10 minuites, the consequence is that the figure of mal is more than female. But around 8:00 am, the figure of female is more than male. Possibly the figure of female from other activities happening in the park. Unfortunately, I observed one twenty-four hours with inclined limate, with somewhat raining, but surprisingly, the figure of people taking portion in the strength country is 19, including 3 female. The same with the consequences form â€Å" utilizing experimental methods to measure public unfastened spcaes and physical activity in brazi ; † . The figure of physically active persons vary significantly harmonizing to the periods of the twenty-four hours and the yearss of the weekend. Furthermore,Mc Kenzie et Al [ 4 ] have documented that work forces were more physically active than adult females.Mc Kenzie et Al found that the intent of utilizing park and the physical acitivty degrees vary following different clipMany research show that the important part of park installations to physical activities [ 5 ]

Modern Technology vs Books Essay

One of the most important marvels of modern technology is the Internet, which has not just revolutionized the process of information retrieval, but also, dramatically changed the way people seek information. If in the past, people often had to spend so much time and energy going through many pages or sheets of printed media only to seek for specific information, now with the aid of the internet; information retrieval can be much easier and time-saving. The revolutionary way which the internet offers triggers an intriguing question whether it will replace books or printed media as the main source of information. From my observation, I tend to believe that it will. My main reason is because it has so many advantages over printed media, which make the former (the internet) more preferable, more interesting, more attractive, and even more reliable than the latter (printed media). As a result, more and more people turn to the internet every time they need to seek for information. Here are some of the advantages which I can list to support my belief. First, the kinds of information which the internet provides are almost unlimited. We can find almost any topics from a single computer equipped with a good connection to the internet, while it is impossible to find such a large number of topics only from a single book or a single newspaper. As a result, when people need almost any information, ranging from the latest news, house rentals, car sales, to public transport schedules and fares, they rely on the internet rather than printed media. Second, the information stored in the internet can be updated at very short intervals, enabling its users to always get the latest progress or development. This kind of updating can’t be applied to printed media and thus, printed media always lags behind the internet. Third, the internet also provides other facilities that printed media can’t provide. For example, it enables its users to perform multitasking or interactivity, so that they can communicate with other people, play online games, download or upload pictures, and so on, while seeking for  information. Fourth, the optimization of internet usage can reduce paper consumption significantly. Since the environmental awareness is on the rise, people are encouraged to reduce paper consumption. More paper consumption can lead to more deforestation because the raw materials for making paper basically come from forests. As a result, paperless office and â€Å"going paperless† are being intensively promoted, and here in this context, the internet has proved to be supportive. Looking at the rapidly widespread use of the internet and people’s increasing reliance on it, I believe that someday the internet will triumph over printed media. The first signs of it have shown. For example, the number of internet users is increasing so dramatically, while the sale of printed media is decreasing.

Accounting and financial management 4 Topics Assignment

Accounting and financial management 4 Topics - Assignment Example Financial distress is a state whereby a company is not able to meet the agreements it had with its creditors it normally results to a company being termed as bankrupt. Cost associated with financial distress are normally termed as costs of financial distress. Some of the costs of financial distress are classified into direct and indirect. Direct cost include; legal fees, auditors fees, management fees. Some of the indirect costs involved are, loss of goodwill, loss of trust by creditors, loss of customers. Method 2: the second method is used only when the risk imposed on a company remains the same as a result of its capital structure, the company is ready to incur as much debt as possible. The main aim of this method is to identify the level of debt at which the advantages of increased debt are not outweighed by the increase in risk that are financially distressed company is subjected to. It is also known as the intuitive view. The theory indicates that a firm should have as ideal level of gearing at which its WACC is minimized. Nevertheless this theory does not indicate where the ideal level is and this leaves trial and error as the sole method of finding it. When gearing levels are low shareholders regard risk increases as marginal. This results to cheapness of debt issues and this causes WACC to be lower. When gearing ratios are higher the volatility of shareholders returns increase. Dominance in cheapness of extra debt results in WACC increasing as the levels of gearing increases. In the case when the levels of gearing have escalated abnormally both equity and debt holders face a risk of bankruptcy as a result the cost of equity and the cost of debt rise with increased gearing and this therefore causes WACC to rise further They disregarded the capital structure which was irrelevant in determining the cost of capital. They argued that a firm have no optimal value and its value is determined by the business risk it