Federalist Paper #10 Analysis

Federalist Paper #10 Essay In perhaps the greatest installment of the federalist papers, James Madison describes how factions, which work against the interest of the public, can be controlled through a constitutional government. Factions are defined by Madison as groups of people that gather together to promote their own economic interests and political opinions (gradesaver. com). These factions often work against each other, and infringe upon the rights of others. Most people are concerned with the instability that rival factions can cause. State governments have done little to aid in the disbanding of factions.The situation is so dire that, people are disillusioned with all the politicians and blame the government for their problems (gradesaver. com). According to Madison, factions are inevitable. As long as people share a common belief, they will come together and fight for what they think is right. The reason most people formed factions in the eighteenth century, though, was the distribution of property. Even today, property is divided unequally. Men with more talent or ability tend to possess more land than those who were less gifted. Subsequently, there are many different kinds of property.Men have different wants or needs depending on the type of property they own. For example, the interests of a landowner might be different than that of a businessman (gradesaver. com). It is the governments’ job to manage the conflicting interests of property owners, and to regulate discrepancies between those with and without property. To Madison, there are only two ways to keep factions in check. Remove their causes, and control their effects (gradesaver. com). Unfortunately, the only real ways to manage factions are to either make everyone have the same opinion, or throw away liberty.Destroying liberty would be worse than, â€Å"the disease itself†, and making everyone have the same opinion would be as impossible as trying to tell an atheist there reall y is a god. Therefore, it is in the nature of man to create groups or factions. That’s why the government created a constitution that could handle the damage caused by factions. The fathers of the U. S. constitution established themselves as a representative government for a reason. Pure or direct democracies cannot possibly control conflicts between factions (gradesaver. com).The biggest factions will always dominate, and there would be no way to protect the weaker ones against an obnoxious individual or strong majority (gradesaver. com). Pure democracies cannot protect property rights, and have always been defined by the conflict they cause. Madison hopes that good men will be elected into office so that those who govern the country will be fair and honest. The opposite is possible though. Some Men are members of particularly large factions who have prejudices or evil motives, and could influence the people of the United States through intrigue or corruption.Although this c ould happen, it is very unlikely. The likelihood that qualified men will stay in office is higher because the country is big, and there will be more representatives chosen by a greater number of citizens. A representative government is needed in larger countries to protect against the rule of a mob (gradesaver. com). In conclusion, Madison presents these arguments because he believes that the majority of people will not listen the, â€Å"prophets of gloom† who say the new government won’t succeed. Because we feel pride in being Americans, we should cherish and support the idea of being a federalist.

Living in Sin

The poem tells the story of the lovers that starts just after the fairytale of their lives has ended. Actually, it reveals the continuation of relationship where fairytale usually cuts the story at the kisses and declaration of love followed by â€Å"The End† (a story of a Princess which has to wash dishes on a day after a romantic ball). It is important to point out that the speaker is not actually the woman spoken of in the poem. The narrator here depicts the events in this couple’s daily life. Yet, it is obviously a woman, due to the tone of the poem: how she sees the careless husband and notices household disorder. Being in variance with many modern text analysts, I must say that the poem ‘Living in Sin’ is completely autobiographic. It has been written by Adrienne Rich during the first months of her own marriage and conveys her own disappointment in what is left after the romantic prelude. To understand the poem one must notice that it is wholly built on the contrasts the author uses from sentence to sentence. The most evident contrast resides in the mood of the heroes: the indifferent, careless husband (‘he, with a yawn†¦Ã¢â‚¬â„¢) who seems not to notice the miserable surroundings and only shrugs his shoulders at the mirror admitting the piano out of tune, and the pensive and sad wife who is distressed with the routine circle of everyday cleaning and watching the back of her lover leaving each morning for the trivial cigarettes: â€Å" [he] rubbed at his beard, went out for cigarettes; while she, jeered by the minor demons, pulled back the sheets and made the bed and found a towel to dust the table-top†¦Ã¢â‚¬  . Adrienne Rich has been influenced by the popular image contrast of artist and his woman (generally, a family). Their married life goes in the studio, a huge room without walls or borders, without anything to confirm one’s privacy. Here we obviously see a family of artists where the woman has to play the subordinate role imposed by the society. As means to manipulate women into submitting to housekeeping roles, society promotes a male-dominant view. Most traditional societies expect all women to feign fulfillment in this biological role of a domestic apparatus. Therefore, like the woman in the poem, many women in society accept (although, quite reluctantly) this role of a home caretaker. The images of dusted furniture, dried cheese and empty bottles, overboiled pot etc. produce low, pessimistic tones of the poem – all these trifle seems to be powerful enough to spoil woman’s life and even to kill love: â€Å"By evening she was back in love again, though not so wholly but throughout the night she woke sometimes to feel the daylight coming like a relentless milkman up the stairs†. Here appears another pair of contrasting images: Day and Night that are parallel to Reality and Dream. This woman actually lives double life, enjoying night demonstrations of love and being not able to change the obtrusive tedium of the day which comes like the â€Å"relentless milkman† upon the creaking stair and ruins the fragile dreams of the romantic supper. The piano (summoned by him) seems to be out of tune just like their love. The grime at their window panes is as hard to remove as to bring back the brightness and romantics to the life. Comparatively, each of the household items is dingy. Everything illuminated by the day is out of this light in a paradoxical way – on the contrary, it strives for the night unconsciousness and inempiricalness. So, now it is possible to explain the name of the poem. â€Å"Living in Sin† means to face the day and not to do anything about it, just to see the things go on and to be afraid to make any changes. The woman submits to this role of absolute responsibility without resistance, keeping her resentment and anger to herself. Her constant expenditure of energy with no satisfactory results leads to disappointment. The heroine of the poem is completely unsatisfied but what with she is not quite sure†¦ We, as a reader, can only guess what exactly bothers her: a bunch of disappointing details or the whole picture of their relationship. I think that the last thing does. Everyday dusting, which she has to take around the studio, symolizes the ‘dusting’ of the relationship that is also needed to keep the love alive. Undoubtedly, family life needs refreshment not to be sepulchered by the lay of ‘dust’ and similar days. The woman’s futile efforts result in her â€Å"living in sin†. She sinfully accepts what society dictates and does not try to escape and improve her circumstances. By lettig this miserable life to continue, she denies herself and her individuality. And such self-sacrifice is the biggest sin for an artistic and thoughtful woman.

Amy Chua Analysis Essay

Reader: Parents from the Western World, who are also readers of The Wall Street Journal. Language: Well written text, with an extensive vocabulary. It is written to some extent with formal jargon. Circumstances: The writer’s home. She lives with her daughters and husband. There is a flashback into Chua’s childhood as well. Intention: She is trying to clarify the differences between Chinese parents and Western parents, along with making us understand the Chinese parents’ mindset and approach. 2) â€Å"Why Chinese Mothers Are Superior† is an article written by Amy Chua. Chua is a professor at Yale, she is the mother of two daughters and she is married to a â€Å"western† man. They live in the USA, but what makes her different is her upbringing. She is from a Chinese family. Throughout her upbringing she has been raised by Chinese methods. Currently being an adult and a parent herself, she has written an article in which she supports and simultaneously explains the significance of Chinese parents. Throughout the text she uses the three modes of appeal. She starts out by using ethos: â€Å"Amy Chua is a professor at Yale Law School, USA.† and â€Å"Well, I can tell them, because I’ve done it.† By pointing out her job, education and being a Chinese parent herself in the introduction, she lets the readers know that she is a reliable source. Then (line 41-43) she uses pathos, and tries to make Western parents feel ashamed of their parenting ha bits. In addition to that, with displaying â€Å"†¦western kids are more likely to participate in sports teams.† she thinks that it is easier for Western parents to let their kids play sports, instead of spending time with them. Chua uses logos, but pathos as well in (line 50-53). Any person can relate to her statement, and bit by bit persuades the reader to understand her parenting approach. In the following passage (line 54-59) she creates and strengthens her ethos by using a harsh metaphor, and in that way exposes the reader to the way she was raised. In the passage (line 65-69) she creates pathos by using contrasts as a topological feature; Chua makes the reader aware of how honest and real Chinese parents are to their kids in contrast to Western parents. â€Å"In other words, Western parents are concerned about their children’s psyches. Chinese parents aren’t. They assume strength, not fragility, and as a result they behave very differently.† Chua proves this statement with the following passages (line 78-92), where she creates logos by using comparisons as a topological feature, and antithesis as a linguistic feature. Later in the text (line 99-105) she uses pathos, but the whole passage backfires on Chua, because of Chinese parentsà ¢â‚¬â„¢ very overwhelming and disturbing view on parenting. Afterwards (line 125-137) she creates pathos by being mean towards her daughter, and her behavior makes Chua distant from the reader. Subsequent (line 156-165) she straightens up the situation by creating pathos again. â€Å"After the rain, the rainbow appears†, this time she describes her daughter’s success and happiness as a result of the hard working days. At last in the final passage (line 176-181) she concludes her article by creating pathos. By doing that she makes the reader feel, as the writer has achieved her goal of making Western readers understand Chinese parenting. But also lets the reader know, even though Chinese and Western are very different types of parents, there are in spite of everything some resemblances. From line 75-77 Chua uses antithesis to explain what some of the differences are between the Chinese and Western parents and how their mindsets are the total opposite. In line 90 she uses the phrase â€Å"†¦ hair – tearing explosion.† By using a metaphor, she makes it clear to the reader, how horrible the parents’ reaction is going to be. In line 121, once again she uses a metaphor â€Å"†¦ drilling each of her hands.† Her intention with this is to exaggerate how long and hard they worked on her daughter’s piano skills. In line 91 she says: â€Å"†¦ maybe hundreds of practice tests†. In this example the hyperbole is used in order to demonstrate the reader how much time the Chinese mother will dedicate to her daughter’s grade.

Drug Court Research Paper Example | Topics and Well Written Essays - 1000 words

Drug Court - Research Paper Example That individual has the liberty to either call the required coordinators or a request in writing can be sent to the appropriate authorities as well. Furthermore, if the person wants to be a part of the Miami Dade Countys Drug Court program and wants to acquire some information regarding that place, then the applicant should contact the Drug Court Coordinator who shall help the individual in simplifying matters. The person who becomes a part of the Drug Court Program will be able to graduate after a minimum of a 12 month period. In this time, the client will have to attend different training sessions, must show good behavior to the norms of that place, must portray the recovery from the drugs in a positive way and must be able to cast in all the payments to the court for the treatment. (Peter Finn, 1993) Only after complying with all these steps a request is sent by the counselor to the judge to let go that individual. Though the final decision rests in the hands of the judge but once set free, the graduate can file a request to wipe out all the records of his stay in the program. On the contrary, if the individual fails to complete the minimum time period of that program and constantly tests positive for drug usage, then the person will be dropped off the training setup. To worsen the conditions the client will be tried in the criminal court and if convicted, will have to serve and spend time in the jail for the wrong doings.(Jason A Oetjen, 2003) This option is chosen very rarely and in extreme cases where the drug offender refuse to let go their appetite of having drugs. Otherwise, everyone works hard enough to find a way to treat the participant to clear the obstacles. If a rule is broken or the progress is unsatisfactory, the drug court doesn’t take the applicant to the criminal court right away, rather they look into the set of events that prompted the person in complying by the rules

Pick Your Brand Essay Example | Topics and Well Written Essays - 250 words

Pick Your Brand - Essay Example In order to bring a product out in the market, one must understand its importance to the consumers. For instance, the Coca-Cola Bottlers Company knows that there is a need for drinks that will not just quench consumers’ thirst but will also provide enjoyment. Nowadays, there are a variety of drinks they have in the market aside from sodas. However, due to competition, the company does not stop there. It has a lot of new drinks to discover and produce as well as develop. To ensure success, the company needs researchers to work on the needed information, survey consumers about what they want in a product or study what else could be done to improve a product that is currently in the market. Psychologists are also needed to study the feasibility of a hit in the market as they look deeper into what makes consumers tick. Once this basic information is determined, chemists and other employees are consulted for the production. The psychologists include to their work studying the advertisement. They study what attracts people’s attention, what would make them want to try the product and include these elements in a well-presented advertisement. Developing a product may be difficult but once done, it is

Cog-wk6 Essay Example | Topics and Well Written Essays - 500 words - 1

Cog-wk6 - Essay Example There is no right or wrong in choosing which coding you prefer. What is important is how you make use of the coding style that you use. With the style of coding you choose, learning and memory can be improved; knowledge can widen; and perception may be altered in a positive and resourceful manner. Visual and verbal coding are the styles of coding that each individual uses in order for him to get back to his memory when needed. However, choosing one of these types is under one’s own will. Though there is no right or wrong in choosing one’s desired style, it would still be up to that individual on how he makes use of what he has chosen. With whatever style he chooses, this should help him in a positive manner like making him a better person in a number of ways; not to make him dysfunctional that may lead to making him a lesser person. Visual coding is a lot more practical for the right brain thinkers. A right brain thinker is usually random, intuitive, synthesizes holistically, subjective, and looks at wholes (McCarthy, 2008). In the manners that they posses, visual coding styles like drawings, charts, and graphical representations of things might look more appealing. An example is when a person who falls under this thinking mechanism is asked regarding the shape of an egg, he might as well draw an egg rather than to explain its shape (Sternberg, 2009). Personally, I believe that having its graphical representation seems better for right brain thinkers because I am a right-brain thinker myself. Explaining things verbally and looking into the smallest, yet vital details of an object really do exhaust me. Having them on words makes it a little too complicated for me. Left brain thinkers on the other hand prefer verbal coding for they are logical, sequential, rational, analytical, objective, and are able to look into the parts of a whole (McCarthy, 2008). With this, explaining different phenomena on details is more helpful to them for they are

Physiology outside report Essay Example | Topics and Well Written Essays - 500 words

Physiology outside report - Essay Example (Underwood, 2003, quotes Matallana, n.d.) Claps (2002) reports in his article, "Fibromyalgia: exercise can offer relief for people who live with this painful malady" that experts now know that fibromyalgia, which affects more women than men, does exist. The term fibromyalgia describes the symptoms. Fibro refers to the fibrous tissues of the body and myalgia indicates muscular pain that is widespread. It's a form of muscular rheumatism where normal pain is amplified by the brain and spinal cord which controls the central nervous system. Even a simple touch, or something that is not really considered to be pain, will reduce pain and increase mobility; hence, improving quality of life. Although it may seem painful to exercise, if performed correctly, physical fitness will break the cycle of pain and improve sleep which will decrease depression. Sleep problems and depression are two of the major fibromyalgia symptoms. The pain can cause an individual to forego exercise yet as Claps (2002) quotes Goldenburg (2002) on how physical fitness can break the pain cycle, "Pain causes muscle spasm. Spasm interferes with oxygen (flow) to the muscle.

Computer Communications & Networks Lab Report Example | Topics and Well Written Essays - 2500 words

Computer Communications & Networks - Lab Report Example The paper tells that the approach for accessing X stream from a remote location encompasses Open System Interconnection (OSI) as well as the TCP/IP model. There are many methods, procedures, technologies and processes that are associated with each layer of these two OSI models. However, in order to explain the connectivity of X stream from a remote location or home, we will align findings with the TCP/IP OSI model. The TCP/IP model is not completely aligned with the OSI model. Unfortunately, there is no existence of an agreement associated with the description of the TCP/IP model. Usually, it is considered and agreed that the TCP/IP model has less layers than the OSI model i.e. The application layer incorporates protocols including FTP, SMTP, Telnet etc. These application layer protocols send data to the next layer i.e. transport layer. The transport layer than constructs the header and data to send it via Transmission control Protocol (TCP) or User Data gram Protocol (UDP). Likewise , the network layer assigns the IP address and delivers the packet to the required Ethernet present at the network access layer. After discussing the layers of the TCP/IP Model, the researcher will discuss protocol layering on these layers in order to explain the access mechanisms that are carried out when a home user wants to access the X stream. However, protocol layering is not easy, as it may seem difficult to understand initially. As discussed before, we will demonstrate the connection of X stream from home user via TCP/IP model that works on four layers. These four layers are associated with four types of protocol data units (PDU’s) i.e PDU 1, PDU2, PDU3 and PDU4. Exhibit 2 shows the initiation of a packet from the application layer i.e. layer four. Exhibit 2 Image retrieved from (James F. Curose & Keith W. Ross, 2000) Likewise, layer four creates a message M and is considered to be PDU 4, as it is associated with the highest layer. The message M incorporates several pa rameters that are modified and customized by the application itself. Parameters may include sender name, type of the message and related data. The home computer passes the data of the complete message M to the layer three of the protocol stack. The exhibit 2 shows layer three that is the home computer breaks the PDU 4 in to two parts i.e. M1 and M2. Likewise, the layer three is the home computer that combines with M1 and M2 which are called headers for developing PDU 3 in to two separate layers. Likewise, headers holds the additional information that is required by sender and the receiver on layer three to deploy the service from layer three to layer four. Accordingly, the process continues in the source and adds more headers while travelling through each layer till PDU 1 headers are created. Now PDU 1 is ready to be transmitted from the home computer to the X stream server via physical layer i.e. the physical link. On the other side i.e. X stream network receives PDU 1 and routes t hem to the protocol stack. Likewise, at every layer, the headers representing similar values are removed. Lastly, M is reconstructed from M1 and M2 and router to the X stream application. Network Access Layer Network layers is integrated with physical and data link layer that is responsible for physically connecting the computer with the wired or wireless medium for data transmission from the X stream. There are different types of wired networks available based on different

Kennedy as the President of United States Essay

Kennedy as the President of United States - Essay Example Talking about his family background, Kennedy was born in Brookline Massachusetts. Jack Kennedy joined military services during the Second World War. Although he was first rejected because of his chronic backache, he somehow got himself in the naval services due to his father’s influence. During the Second World War, Jack Kennedy served in motor torpedo squadron and got himself a medal due to his bravery and presence of mind during a patrol when they got attacked by a Japanese submarine and he got all his crew members safely on an island instead of surrendering to the Japanese. Kennedy had to represent his family politically after his brother who was the torch bearer of the family got killed in action. Kennedy had been the mayor of Boston and got elected three times as a member of The Congress. He represented the congress party in the elections of 1960 and defeated his opponent Richard Nixon to be elected as the president of the United States. It should be called as unlucky for the young president that he came at the time when everything in the country was unstable. The country was facing international crisis as well as it was also on the verge of a civil war. The cold war, the Cuban missile crisis, the bay of pigs, the rights of the African Americans, all these were the problems that the newly elected president had to face during his stay at the oval office. But, it always had been his utmost priority to work for the nation. From the very first day of him as a president, he had been following the very rule set by Theodore Roosevelt, i.e. â€Å"a president is bound to be as big a man as he can† (Reston 1963). President Kennedy always advocated for non violent solutions of all the issues. He was a pacifist. It had been his utmost priority throughout his time as the president to pacify all the violent actives happening around him (Reston 1963). It was in his time as the president that the civil rights bill was passed. He was the one to speak for the equity and justice for all. Before he was elected as the president, in his election campaign he spoke for the rights of African Americans which gave them a little hope. His efforts to stop both internal and external violence are very significant in stabilizing the situation of the country. Kennedy gave protection to the African American community of the United States. He gave them their rights. Once he used his father’s influence for the release of King jr. when he was arrested during a protest. His efforts for non violence in the country were acknowledged by all. â€Å".It ought to be possible†¦ for American students of any color to attend any public institution they select without having to be backed up by troops.† â€Å"It ought to be possible for American consumers of any color to receive equal service in places of public accommodation, such as hotels and restaurants and theaters and retail stores, without being forced to resort to demonstrations in the stree t, and it ought to be possible for American citizens of any color to register and to vote in a free election without interference or fear of reprisal.† â€Å"It ought to be possible, in short, for every American to enjoy the privileges of being American without regard to his race or his color. In short, every American ought to have the right to be treated as he would wish to be treated, as one would wish his children to be treated. But this is not the case†¦

Narrative Paragraph Essay Example for Free

Narrative Paragraph Essay The toddler climbed laboriously up onto the stool, determined to â€Å"help† her mother. But her mother did not notice; she was far too busy with the frantic preparations for the birthday party. Ten three-year-olds and their mothers coming for an afternoon of treats, games and face painting: a herald of another party, ten years from now, when make up would be the order of the day, the child’s father had observed. As the mixer whirred and the dishwasher swished and the oven beeped its warning of impending culinary disaster, the child’s attempt to be a part of the busy-ness was more than her mother could attend to. She did not notice when the girl reached the top of the stool, nor did she see the tiny hand reach out toward the glinting beaters as they beat the pale golden batter. As she faced the oven, removing the first cookie tray, she heard the scream. Whirling, she took in the tiny hand held high, the tragic face, and the stream of scarlet mixing itself into the cake. A kiss, a cuddle and a band-aid calmed the birthday girl; a shake of her head and a moment of revelation calmed her mother. A birthday candle in a cookie would be just fine. See more: how to start a narrative essay Paragraph Analysis Purpose: to tell a brief story Structure: no real thesis statement, as there is nothing to be proven in this paragraph, but there is an introductory sentence that establishes character, setting and situation, there are body sentences, and there is a concluding sentence that summarizes the resolution of the main conflict Language: language is relatively casual and includes a single example of the language of the three-year-old child to help establish character Features: narrative components such as plot, characters, setting, conflict and resolution are evident; use of onomatopoeia (â€Å"whirred,† â€Å"swished,† â€Å"beeped†) to mimic the distracting effects of the busy kitchen EXPOSITORY PARAGRAPH An expository paragraph explains something; its purpose is to help the reader understand. In order to ensure that the purpose is achieved, the writer of the paragraph may utilize a number of paragraph features and language techniques. One essential feature is logical organization. This may take a number of forms, including demonstrating cause and effect or following a  chronological order. Another important feature is providing support for the explanation being made. This support may consist of examples, illustrations, statistical or expert evidence, or even appropriate anecdotes. A final critical feature is clarity of language. The paragraph may make employ language devices such as metaphors or allusions to help illustrate its points, but they must be relatively straight forward and easy to follow so that no misunderstanding of the important points will occur. By employing these kinds of features and techniques, the writer of an expository paragraph will ensure that the paragraph’s meaning is clear to the reader. Paragraph Analysis Purpose: to explain some of the techniques used by the writer of an expository paragraph to achieve his or her purpose (!) Structure: The first sentence is a topic sentence; the second is the thesis statement. The body sentences list, explain and give examples of the paragraph’s features, and the concluding sentence summarizes the main point of the paragraph. Language: language is relatively formal Features: The paragraph uses a format of making a point followed by examples. There is â€Å"listing† transition (â€Å"One essential feature,† â€Å"Another important feature,† â€Å"A final critical feature†) between sentences to help the flow of the paragraph. PERSUASIVE PARAGRAPH Telephone solicitation is more than just an annoyance to those on the receiving end of the calls. In fact, telephone solicitation can be disastrous for people in all kinds of situations and, thus, must be stopped. For one thing, telephone solicitation typically occurs in the late afternoon and early evening, prime family time. This can cause chaos in two ways. One, continual interruption of shared family meal times, rare as they can be, can put a significant strain on family relationships; this is a troublesome point in light of the divorce statistics of today. Even worse, when families are embroiled in homework wars or are having trouble getting toddlers to bed, a poorly-timed telephone call may be the straw that breaks the camel’s back, moving the suffering parents to lose their cool  completely. This could result in a form of domestic violence, verbal or even physical: yet another reason for a family to break apart. Another way in which telephone solicitation can prove dangerous to people stems from its very familiarity. Because so many telephone calls come from telephone solicitors, offering everything from insurance opportunities to vinyl siding, the calls become accepted as a legitimate way to do business. This plays into the hands of criminals. The trust individuals place in the honesty of the legitimate solicitors is extended to those who are, in fact, dishonest and out to abscond with the proceeds of others’ bank accounts. Clearly, in order to save families and their hard-earned dollars, telephone solicitation should be banned. Paragraph Analysis Purpose: to convince the reader that telephone solicitation should be banned Structure: introductory sentence, thesis statement (sentence #2), body sentences which provide examples for points made, a concluding sentence which states the thesis in stronger terms Language: language is emotionally loaded at times (ex., â€Å"disastrous,† â€Å"chaos,† â€Å"embroiled in homework wars,† â€Å"domestic violence†); added words such as â€Å"Clearly† in the concluding sentence makes it difficult to argue against the point Features: strong rhetorical language; a variety of sentence lengths keep the paragraph moving; short sentences highlight and give â€Å"punch† to inflammatory statements (ex., â€Å"This plays into the hands of criminals.†); stops argument by stating that the evidence â€Å"clearly† supports the thesis LITERARY PARGRAPH Holden Caulfield, the narrator and protagonist of J.D.Salinger’s well-known novel, The Catcher in the Rye, is an unreliable narrator. This leads the reader to suspect that Holden’s story is not all that is appears, and coaxes the reader to look more deeply into the character and his situation. Very early in the novel, Holden himself casts doubt on his reliability as a narrator when he confesses to his in-story audience, a psycho-therapist, that he is â€Å"the most terrific liar you ever saw in your life. It’s awful† (Chapter 3). This self-indictment alerts the reader to the fact that everything Holden says will need to be taken with a grain of salt and that it will be important to look beyond the surface of the text. Later in the  novel, Holden relates a story about his date with a girlfriend in which she tells him to stop yelling at a club. He protests that he â€Å"wasn’t even yelling† but it is clear from his description that he probably was yelling, and that his girlfriend was trying to calm him down. This incident, and others like it, suggests that Holden is not good at monitoring his own behaviour. This again calls into question Holden’s explanations of what goes on in the novel and encourages the reader to look seriously at the words spoken by the other characters, even if they are related through Holden’s eyes. Thus, through both Holden’s explicit assessments of his own personality and the implicit meaning of the events in the story, the reader can see that Holden Caulfield is a less-than-reliable narrator whose story must be examined deeply in order to be understood. Paragraph Analysis Purpose: to interpret and explain an aspect of a literary text Structure: First two sentences work together to alert the reader to the topic and the thesis. The body sentences extend the discussion, and the conluding sentence restated the thesis. Language: language is formal and makes use of integrated quotations to add to the authority of the interpretation Features: identifies the title of the work and the author in the introductory sentence; uses literary terms (i.e., â€Å"unreliable narrator†); uses integrated quotations to support the discussion; remains focused exclusively on the text (no â€Å"real life† references)

Testing of Aggregates Analysis

Testing of Aggregates Analysis Numerous test has been developed that test toughness and abrasion resistance and durability and soundness of aggregates. This report analyses the testing of Aggregates using three Main tests to analyse the degradation of aggregates so best performance is observed in construction, asphalt, concrete or any other field. The aggregates must be abrasion resistant and weather durable to provide good base in pavements for roads. Detailed description of these tests is provided with their respective results. The results are then examined to see which of the following three test are more accurate to check the durability and abrasion of the rocks. Based on the Laboratory results and the Literature reviews, Los Angeles Abrasion test results are used more than others. Although most of the DOTs and construction companies use all three test prior to use of the materials. Soundness test has poor repeatability so it is often not considered as primary test. This research was conducted at Englobe Corp laboratory located in Dartmouth, Nova Scotia. It was performed under the direction of Mr. Mark Downie. The laboratory supervision was provided by Mr. Daniel McMorran. The quality of the aggregates in the construction materials, asphalt concrete is determined by various tests out of which Los Angeles, Micro Deval and Soundness are most widely used in construction industry. Los Angles Abrasion test and Micro Deval test involve the spinning of aggregates in a close vessel where there are spun in a medium of water or air. The vessel is filled with contact charges (Iron sphere) for a specific amount of time. The analysis of particle degradation using mechanical test can be classified in two class, fragmentation and wearing. The sample that has more wide range of grain size ( e.g. 1250 gm of ) indicates fragmentation and has a well graded distribution curve whereas the sample that has poor range of grain size( 5000gm ofà ¢Ã¢â€š ¬Ã‚ ¦) indicates wearing with a bad graded distribution curve. Soundness test involves testing the durability of the aggregates using sodium sulphate or magnesium sulphate solution. Samples of different grain sizes are washed and dried and kept in salt solution for 16 hours and then kept in oven to dry. This cycle is repeated for seven days and then the sample is weighed to see the loss of sample. This test usually received poor rating for its inconsistent repeatability and correlations. Standard Testing methods Los Angeles Abrasion Test AASHTO T96 ( ASTM C131) Micro Deval Test AASHTO T327 (ASTM D6928) Sodium and Magnesium Sulfate Soundness AASHTO T 104 (ASTM C88) As Per American Standard of Testing Materials following pass-fail criteria were used: LA abrasion: Passed if loss à ¢Ã¢â‚¬ °Ã‚ ¤ 40% Micro Deval: Passed if loss à ¢Ã¢â‚¬ °Ã‚ ¤ 18% Sodium Sulphate Soundness: Passed if à ¢Ã¢â‚¬ °Ã‚ ¤12% If the aggregates passed the above criteria, then they are durable.   Los Angeles Abrasion test involves the test to measure the degradation of the aggregates by creating actions like impact, abrasion, grinding and constant wear and tear inside a rotating steel drum. The steel drum spins for a specific time with a specific number of steel balls of specific weight to create an abrasion of aggregates. The number of steel balls and the amount of aggregates put in the steel drum depend upon the grading of the test sample. The steel sphere carries the aggregates and the steel balls creating a grinding effect and then drops it to the other side making a crushing effect. This cycle is repeated again and after certain number of revolution the sample is sieved too see the amount retained from the degradation and too see the percentage loss. Apparatus Los Angeles Machine with wall thickness of at least 12mm. The inside diameter should be 711 ±5mm and the length of 508 ±5mm. The rotating drum should be closed from all ends and should be set at a rotating speed of 30 ±3 rpm. ( ASTM C131) Sieve with 1.7mm (No.12) passing. An accurate scale with no more than 0.1% error of the test load. The charges or the steel balls. The number of steel balls used in the test depend on the gradation of the sample to be tested. The steel balls should have diameter between 46.038mm and 47.625, with mass between 400g and 440g each. A constant weight check should always be performed on the charges because this test is very aggressive and could lead in loss of weight of the charges. Table 1: Mass of Steel balls for LA Abrasion Test Grading Number of Spheres Mass of the charges, gm A 12 5000 ±25 B 11 4580 ±25 C 8 3330 ±20 D 6 2500 ±15 Table 2: Grading of the Test Sample for LA Abrasion Test Sieve Sizes (Square Opening) Mass of the aggregates, g Passing Through Screen Retained on Screen Grading A B C D 37.5 mm (11/2 in.) 25.0 mm (1 in.) 1250 ±25 25.0 mm (1 in.) 19.0 mm (3/4 in.) 1250 ±25 19.0 mm (3/4 in.) 12.5 mm (1/2 in.) 1250 ±25 2500 ±10 12.5 mm (1/2 in.) 9.5 mm (3/8 in.) 1250 ±25 2500 ±10 9.5 mm (3/8 in.) 6.3 mm (1/4 in.) 2500 ±10 6.3 mm (1/4 in.) 4.75 mm (No.4) 2500 ±10 4.75 mm (No.4) 2.36 mm (No.8) 5000 ±10 Total, g 5000 ±10 5000 ±10 5000 ±10 5000 ±10 Select the appropriate Grading according to the amount of aggregate available for test. It is recommended to go from higher to lower grade to gain accurate results. Wash and oven dry the sample at 110 ±5 °C (230 °F) to constant mass and then separate into individual sizes per their respective weights. Put the aggregates and the sample in the rotating drum. Close the Los Angeles Abrasion machine tightly and let it run for 500 revolutions at 30 to 33 rpm. After the drum stops take all the sample out and remove the steel balls from it. Now take the crushed aggregates and sieve it on 1.7 mm (No.12) sieve. Weigh the sample retained on the sieve and calculate the percentage loss. Micro Deval Micro-Deval is a test that involves measure of resistance of aggregates towards abrasion and test durability of the sample towards grinding of steel balls (ASTM D7428). The medium that is used here is water of room temperature. The sample and charges (steel balls) are kept in the Micro-Deval tank and then the apparatus is filled with water. The apparatus is rotated so that the aggregates undergo grinding and abrasion. The use of this test is mainly towards the aggregates that degrade more in presence of water than air. This test also gives a measure of how soft or shaley the sample is. The materials that give a high percentage loss degrade more during mixing or handling in industries. (ASTM D7428) Apparatus Micro-Deval Abrasion Tank with volume of 5.03 L and external diameter of 202mm and the internal height shall be from 170 mm to 177 mm. The stainless-steel tank comes with a rubber sealing to make it water-tight. The inner and outer surface of the tank should be smooth and ridge free. (ASTM D6928) Micro-Deval Abrasion machine is a rolling machine with an adjustable speed which rolls the tank at 100 ±5 rpm. Steel charges of diameter 9.5 ±.5mm are requires. The total mass of steel balls needed is 5000 ±5g. Sieves with 5mm and 1.25mm sizes are also required. An accurate scale with no more than 0.1% error of the test load. Table 3: Mass of Aggregates for Micro-Deval Test. Passing Retained Mass 20 mm 16 mm 375 g 16 mm 14 mm 375 g 14 mm 10 mm 750 g Take washed and oven dried sample so it loses the dust on it. Prepare a representative sample of 1500 ±5g put it in the Micro-Deval tank. Add 5000 ±5g of steel charges in it and 2.0 ±.05L of tap water in the Micro-Deval tank. Let this sit for 1 hour. After the sample, has been soaked tighten it up and put it on the Micro-Deval rolling machine to roll for 2 hours ±1 minute. After the machine stops rolling pour the sample on a stack of 5 mm and 1.25 mm sieve. Wash the remains of the sample in the tank on the sieve. Oven dry the sample at 110 ±5 °C and weigh it later. Calculate the percentage loss using the calculation sheet. Soundness Soundness test is a very crucial test in paving industries especially when making massive highways, bridges and dams. This test measure the amount of degradation caused by weathering freeze-thaw cycles. The aggregates that pass this test are more durable to be used and dont cause premature distress in pavements (http://www.pavementinteractive.org/article/durability-and-soundness/). The aggregates are kept in a sodium sulphate or a magnesium sulphate bath. The solutions is at a saturated state and causes salt crystals to be formed on the aggregates. This test is usually carried out for seven days which involves simultaneous wet-dry cycles. When the sample is submerged in the salt solution bath, salt crystals are formed in minute pores of the aggregates and causes internal forces that eventually lead crack in the aggregates. This gives us a replicated demonstration of how the substance will behave in natural habitat. This test has very poor repeatability so it is never considered as pr imary test to measure the degradation of the aggregates. Apparatus Sieves of different sizes- 5à ¢Ã‚ Ã¢â‚¬Å¾16 in., 3à ¢Ã‚ Ã¢â‚¬Å¾8 in., No. 50, 1à ¢Ã‚ Ã¢â‚¬Å¾2 in., 5à ¢Ã‚ Ã¢â‚¬Å¾8 in., No. 30, 3à ¢Ã‚ Ã¢â‚¬Å¾4 in., 1 in., No. 16, No. 8, No. 4. Metal baskets made of wire mesh or stainless steel that allows the aggregates to freely contact the solution and permit free drainage of the loss of sample. Temperature regulator to ensure that the temperature of the sulphate bath is constant at specified one. Balances with the accuracy of 0.1% are must for this test. Hydrometers are also needed for this test to measure the specific gravity within  ±0.001. Procedure Prepare the sodium sulphate solution that has specific gravity between 1.154 and 1.171. COARSE AGFREGATES Mass of the Sample Sieve Size Mass 2 in. (50 mm) 3000g 1.5 in. (37.5 mm) 2000g 1.0 in. 1000g 0.75 in. 500g 0.5 in. 670g 0.375 in. 330g No.4 300g Prepare Sample as per the table displayed above. The sample should be washed and dried at 110 ±5 °C. Mix the 2 inch and 1.5 inch retained material and place the 5000g sample in a container. Mix the 1 inch and 0.75 inch retained and place the 1500g sample in a separate container and mark the container by making a groove on it with a particular symbol so it does not get mixed up with the other containers. This way it is also more efficient to identify them when changing the cycles. Mix the 0.5 inch and the 0.375 inch retained samples and put the 1000g sample together in a container. After the test samples are ready place them in the solution prepared for 16 to 18 hours and then let them drain for 15 minutes. Let the sample oven dry at 110 ±5 °C for 4 hours and then let them cool down until they reach 20  °C to 25 °C. Again, immerse it in the solution and repeat this cycle 5 times. After the 5 cycles are done the aggregates are to be washed thoroughly so that all the salt on the surface is removed and then oven dried at 110 ±5  °C. Table 4: Sieve Sizes to be used to Measure Loss Aggregate Size Sieve Used >1.5 inch 1.25 inch 1.5 to 0.75 inch 5/8 inch 0.75 inch to 0.375 inch 5/16 inch 0.375 inch to No.4 No.5 Use the above given table to respective sieve the aggregates used in the test. Utmost care must be taken to sieve samples from each container separately. Take the sample that is retained on the sieve and weigh it to note it. The difference in the mass of the aggregates before and after the experiment gives us the amount lost due to the disintegration of the sample. To compare the results of the following three, test a study was examined in which 20 Lab results were considered. These tests were performed by Montana Department of Transportation either in the Montana State University soil laboratory or Montana Department of Transportation (MDT) Helena materials laboratory. The samples were obtained from various random pits and quarries across Montana by MDT personnel. (Western Transport Institute) To get a very good relation and a study between these test, 5 repeats were done on the Micro-Deval test and at least 3 repeats were done for L.A Abrasion test. This also provided a good study of the repeatability of the tests. There was no repeat test done on the soundness test since it has a very poor repeatability. Repeatability To analyse the repeatability of the tests, repeated Micro-Deval and Los Angeles Abrasion test were done on the same sample. The Coefficient of Variation was calculated to examine the variation in the test results for the same sample. There was no COV calculated for the Sodium Sulphate Soundness test because only one test result was provided by MDT. The Coefficient of variation is standardized measurement calculate by diving the standard deviation of a set of results by the average mean and then multiplying it by hundred to get a percentage value. By analyzing and comparing this value we can predict the repeatability of the test. If the COV is a lower number, then the test is less variable and hence it has a good repeatability. The COV calculated for L.A abrasion test came out to be 6.5% with standard deviation of 1.5 loss percentage. Similarly, the COV for Micro-Deval test came out to be 6.5% for a standard deviation of 0.7 percentage loss. Since both the Coefficient of variations are less than 10%, both the tests are considered to have good repeatability. Another evidence to support the repeatability of the test is that there is no significant difference in the COV of Micro-Deval and L.A abrasion which are 6.6% and 6.5% respectively. As per the comparative bar graph plotted below, majority of the coefficient of the variation fall between 5% to 15%. The COV of Lab number 861553 rocketed to 26.9% because the result was very small accounting to be 2.1% average loss. So, a small change in small result make a large COV. Figure 1: Graphical Representation of Coefficient of Variation for L.A Abrasion and Micro-Deval Tests. COMPARTITIVE RESULTS As per the specifications provided by American Standard for Testing Materials the aggregates are classified as durable if the loss percentage is less than the cut-off percentage and they are non-durable if the loss percentage of the aggregates is more than the cut-off percentage. The cut-off percentage that we have used for L.A Abrasion, Micro-Deval and Sodium Sulphate Soundness Tests are as follows: LA abrasion: Passed if loss à ¢Ã¢â‚¬ °Ã‚ ¤ 40% Micro Deval: Passed if loss à ¢Ã¢â‚¬ °Ã‚ ¤ 18% Sodium Sulphate Soundness: Passed if à ¢Ã¢â‚¬ °Ã‚ ¤12% To create a direct comparison in between these tests normalized value for each test is calculated. Normalized value is used for a direct comparison between Micro-Deval, L.A Abrasion and Sodium Sulphate Soundness test. Normalized value is average loss percentage divided by the cut-off for that test. (MDT paper) The ideal Normalized value is 1.0. If the calculated normalized value is greater than 1.0 it means that the test did not pass and the aggregate tested are not durable and if the value is less than 1.0 it means that the aggregates are durable and the test passed. To draw a direct comparison in between two, test a two-dimensional scattered graph is plotted with four quadrants. The top right (North-East) quadrant depicts the are where both the test failed and the aggregates are not durable. The top left (North-West) quadrant depicts the area where the test plotted on the X-axis passed but the one on Y-axis failed. The bottom right (South-East) quadrant indicates the area where the test plotted on the Y-axis passed but the test that was plotted on X-axis failed. The bottom left (South-West) quadrant depicts the region where both the tests passed and the aggregates are durable. The data points plotted in the top-right (NE) and bottom-left (SW) quadrants indicate that the tests are consistent as the aggregates were either durable for pass/pass or not durable for fail/fail. On the other hand, the data points plotted in the top-left (NW) and bottom-right (SE) quadrant indicate discontinuity and lack of coherence since one of the test would indicate that the aggregates passed the cut-off and are durable while the other would indicate that they didnt pass are not durable for use. L.A abrasion vs Micro-Deval. Figure 2. Graphical Representation of Comparison between Normalized Loss of L.A Abrasion and Micro-Deval Tests. The above shown graphical representation is the plot of comparison between the Micro-Deval and the L.A Abrasion test on 20 different samples that were tested by Montana Department of Transportation. The blue dotted line that runs at 45 ° along the centre of the graph indicates symmetry and a perfect correlation. The data points close to the line indicate a good co-relation between the test. There was only one result that had failed both the test and was considered to be non-durable which accounted 5% of the materials tested. There were five results (25% of the samples tested) that fall in the awkward category and had lack of coherence since, according to L.A abrasion test it passed as was considered durable but according to the Micro-Deval test it was considered to be non-durable. The relations between these two test is quite strong as 70% of the samples tested i.e. 15 out of 20 passed the test and fall in the bottom-left quadrant which indicates that the samples were durable accor ding to both the test. Sodium Sulphate Soundness Test Vs L.A Abrasion Test. Figure 3. Graphical Representation of Comparison between Normalized Loss of Sodium Sulphate Soundness and Micro-Deval Tests. Sodium Sulphate Soundness Test Vs Micro-Deval Test. Figure 4. Graphical Representation of Comparison between Normalized Loss of Sodium Sulphate Soundness and L.A Abrasion Tests. The co-op report guidelines suggest separating the Results and Discussion sections. I think that it is usually easier to present a discussion immediately after the results. But, you may choose to use the structure that makes the most sense for your report. Gregates typically encountered on Montana highway projects, and to determine if the MicroDeval test provides better, timelier, and more repeatable information about the quality of an aggregate than the Sodium Sulfate test. The laboratory testing program was structured to examine how well three aggregate durability test methods correlate for a sampling of Montana soils. Aggregate durability tests were conducted on 32 different soils using the Micro-Deval, L.A. Abrasion, and Sodium Sulfate tests. Multiple Micro-Deval and L.A. Abrasion tests were conducted on some of the soil samples to investigate the same-lab repeatability of the test methods. The methods differ in their treatment of the aggregate during testing; and consequently, each method produces a unique value of percent loss, which is used to distinguish between durable aggregate and non-durable aggregate. For the purposes of this study, the following percent loss pass-fail standards were used for each test: à ¢Ã¢â€š ¬Ã‚ ¢ Mic ro-Deval: passing (durable), if % loss à ¢Ã¢â‚¬ °Ã‚ ¤ 18%; à ¢Ã¢â€š ¬Ã‚ ¢ L.A. Abrasion: passing (durable), if % loss à ¢Ã¢â‚¬ °Ã‚ ¤ 40%; and à ¢Ã¢â€š ¬Ã‚ ¢ Sodium Sulfate: passing (durable), if % loss à ¢Ã¢â‚¬ °Ã‚ ¤ 12%. Because of the differences in percent loss criteria for each method, results from the suite of laboratory tests were normalized to facilitate direct comparisons between the three methods. Normalized results were obtained by taking the average percent loss for a particular soil and dividing it by the cutoff for that test. Table 16 summarizes the comparisons between each test using data collected during this study. Based on the metrics identified in the table, the MicroDeval and Sodium Sulfate tests had the best correlation, while the Micro-Deval/L.A. Abrasion and the L.A. Abrasion/Sodium Sulfate correlations were significant, but not as strong. Table 16. Summary Comparison of Test Methods Test Methods R2 Pass/Fail Agreement (%) Inconsistent Durability Determina tion* (%) M-D versus NaSO4 0.72 92.9 7.1 M-D versus L.A. 0.46 85.2 14.8 L.A. versus NaSO4 0.28 84.0 16.0 Perfect Correlation 1.0 100.0 0.0 *Note: Column 4 refers to the percentage of samples that passed one of the tests but failed the other test. This inconsistency is identified as a data point that plots in one of the cross-hatched zones identified in Figures 3, 4, and 5. Conclusions and Recommendations Western Transportation Institute 35 The percentages of inconsistent durability determinations (pass or fail inconsistencies) listed in column 4 of Table 16 are indicative of a discontinuity between tests and are probably the most important metric for the comparison study. In this case, one test characterized the material as durable aggregate, while the other test characterized the same material as non-durable aggregate. Qualitatively, the authors believe that an excellent correlation between two test methods is obtained when the percentage of inconsistent results is less than about 5%, values between 5 to 10% signify a good correlation, values between 10 to 20% signify a fair to poor correlation, and values above 20% signify a poor or unreliable correlation between tests. Multiple tests conducted on samples obtained from the same sources indicate similar values of same-lab repeatability for both the Micro-Deval and L.A. Abrasion tests. The coefficients of variation for the multiple tests were less than 10% for both methods. Considering the natural variability that occurs within an aggregate source, the measured variations were low, indicating good repeatability of the test methods. This conclusion has also been supported by others (Jayawickrama et al., 2006; Tarefder et al., 2003; and Hunt, 2001). Repeatability of the Sodium Sulfate test was not examined in this study. The relationship between Micro-Deval test results and field performance was not examined in this study; however, evaluations by Fowler et al. (2006), Rangaraju et al. (2005), Tarefder et al. (20 03) and Wu et al. (1998) indicate that Micro-Deval test results relate well with field performance. An excellent correlation between rutting performance and Micro-Deval test results were observed by White et al. (2006). They sug There are many reference styles available to choose from. It is not very critical which one you use, as long as you are consistent throughout the report. The APA reference style is an appropriate choice. You can quickly generation citations for your reference list using the online citation generator from RefME (RefME, 2016). Always review the text the generator has populated in the form for you as it is not always accurate. Entries in the reference list are sorted alphabetically. Some examples of common references for the reference list and in-text citations are shown below. Websites Robertson, J. (2016, August 8). Man solves Rubiks cube while free-falling. Retrieved August 9, 2016, from http://www.cbc.ca/news/canada/edmonton/learning-to-solve-a-rubik-s-cube-while-free-falling-1.3712116 RefME. (2016). FREE APA citation generator format. Retrieved July 30, 2016, from https://www.refme.com/ca/citation-generator/apa/ In-text Citation: (Robertson, 2016) In-text Citation: (RefME, 2016) Books Felder, R. M., Brent, R. (2016). Teaching and learning stem: A practical guide. United States: John Wiley Sons. In-line Citation: (Felder Brent, 2016) Journal Articles Lombardo, S. J. (2010). Teaching technical writing in a lab course in chemical engineering. Chemical Engineering Education, 44(1), 58-62. In-line Citation: (Lombardo, 2010)

Hollywood Dominance of the Movie Industry

Hollywood Dominance of the Movie Industry There are many contributing factors to how Hollywood became such a dominant business. Most of these factors rely on the history of Hollywood and how the film companies that founded it adapted. Hollywoods dominance stared to grow in 1915. This was when the foundations were laid for studios such as: Paramount, Fox, Universal, MGM and Warners. These companies would form the core of the Studio System from 1930s onwards. During this time Hollywood promoted itself by promoting the war. January 1916, the Hollywood film community made an alliance with Washington, DC to try and raise awareness of the war through film.  Hollywood was able to get involved in the War effort by making films to educate the community, producing entertainment features with patriotic, morale-boosting themes and messages about the American way of life. After World War 1, Hollywood put a structure in place that would dominate for 40 years and more. Influential producers like Adolph Zukor set up vertically integrated companies. He was part of Paramount Pictures of which he served as president until  1936  when he was made chairman. He revolutionized the film industry by organizing production, distribution, and exhibition within a single company. Zukor was also an accomplished director and producer. He retired from Paramount Pictures in  1959. Also after the war, budgets rose 10 times pre-war levels, so Hollywood then became a national industry. During the so-called  Golden Age of Hollywood, which lasted from the late1920s to the late 1950s, thousands of movies were issued from the Hollywood studios. The start of the Golden Age was arguably when  The Jazz Singer  was released in 1927, ending the silent era and increasing box-office profits for films as sound was introduced to feature films. Most Hollywood films stuck closely to this method -  Western, slapstick comedy,  musical,  animated cartoon and biographical picture. After  The Jazz Singer  was released in 1927,  Warner Bros gained huge success and was able to obtain their own army of movie theatres.  Ãƒâ€šÃ‚  By the 1930s, most Americas theatres were owned by the Big Five studios -  MGM,  Paramount Pictures,  RKO,  Warner Bros and  20th Century Fox.   These Major studios owned 75% of first-run cinemas. The  studio system  was a means of film production and distribution dominant in  Hollywood  from the early 1920s through the 1950s. Some have compared the Hollywood studio system to a factory. Their product output in 1937 surged to over 500 feature films. By the 1980s, this figure dropped to an average of 100 films per year. During the Golden Age, the studios were remarkably consistent and stable enterprises. The rise of the studio system also relied on the treatment of the stars of Hollywood, who were created and exploited by the studio to reflect their image and agenda. Actors and actresses were bound by contracts to one studio for several years, and the studio usually had all of the power. These stars were loaned out to other studios. Studios also had the power to force actors into bad roles and control their image. [Directors were] to make sure the actors hit their marks while the camera was running (Biskind, Easy Riders, Raging Bulls, p.19) However, studio heads realized that they couldnt repeat movie storylines and roles and still make a profit. This resulted in different studio styles as they tried to differentiate themselves from other studios. Falling attendance and the  Paramount  decision broke apart the studio system, depriving the studios of the financial controls that made sure of regular profits, paid the studio overhead, and thereby restructured their factory-based operations. The major studios survived by adapting the system, fundamentally changing the ways they did business and establishing methods (still in use today) that reduced their controls of production. This stopped the system of mass movie production that had occupied Hollywood for decades. Essential to the studios survival was their collective control of distribution, the one aspect of their monopolistic operations not affected by the  Paramount  decision, and their willingness to share control of filmmaking with independent producers, top talent, and talent agencies. Simply stated, the studios became primarily financing-and-distribution entities, reviewing projects that were developed and packaged by the growing ranks of inde pendent producers, then in the event of a green light, leasing their production facilities and providing a portion of the production cost in exchange for the distribution rights-and, frequently, for the eventual ownership of the completed film. The studios themselves began producing fewer, big pictures-biblical epics and big-screen westerns-during the 1950s, precursors of the blockbusters that now rule the industry. The studios shared control of film production not only with independent producers and freelance directors, but also top stars whose marquee value gave them tremendous leverage. And because most filmmaking talent operated freelance by the 1950s, talent agencies like William Morris and MCA (Music Corporation of America) also became a major force in postwar film (and television) production. The major studios initially resisted but soon came to terms with television in the 1950s, selling or leasing their older films to TV syndication companies while revamping their factory-based production operations for telefilm series production. By the 1960s, movies were running nightly on prime time television and the studios were turning out far more hours of telefilm series than feature films. Meanwhile, movie attendance continued to erode, despite rapid population growth, and the studios gambled on high-stakes blockbusters like  Cleopatra  (1963) and  The Sound of Music  (1965) but relied primarily on television to pay the bills. Studio fortunes by the late 1960s were at an all-time low, rendering them prime acquisition targets, and many were swallowed up by large conglomerates like Gulf + Western (Paramount), Transamerica (United Artists), and Kinney Services (Warner Bros.), as well as real estate tycoon Kirk Kerkorian (MGM). The MCA-Universal merger i n 1962 was the first and by far the most successful alliance at the time, due to its savvy integration of film and television operations and its maintenance of at least a semblance of the old studio-based mode of production. After the fall of the studio system and the influence of Television, Hollywood adapted to become New Hollywood, a term used to describe a new generation of directors who had taken inspiration from Europe in the 1960s. These new directors influenced the types of films that were produced, how they were produced and how they were marketed. This impacted the way major studios approached filmmaking. Jaws was devastating to making artistic, smaller films. They forgot how to do it Peter Bogdanovich One of the films that changed Hollywood forever was Jaws. This film raised the bar for New Hollywood. Released in June 1975, at 460 theatres simultaneously, on an unprecedented wave of TV advertising, Jaws was everywhere at once. The film needed only 78 days to surpass The Godfather as the top-grossing movie of all time (at least until 1977, and Star Wars). Jaws  was regarded as the father of the summer  blockbuster film  and one of the first high concept films. Due to the films success in advance screenings, studio executives decided to distribute it in a much wider release than ever before.  The Omen  followed in the summer of 1976 and then  Star Wars  one year later in 1977, cementing the notion for movie studios to distribute their big-release action and adventure pictures (commonly referred to as  tentpole pictures) during the summer.   By making Jaws, Universal spurred the movie industrys recovery with its phenomenal success that spawned a new breed of blockbusters like  Star Wars  (1977),  Grease  (1978), and  Superman  (1978), summer releases launched via nationwide marketing that resulted in record box-office profits and were the dominant, defining products of the New Hollywood. The success of these blockbusters reinforced an economic recovery in the industry that continues today, and it enabled the studios to regain some of their lost authority as well, as they became increasingly adept at transforming blockbuster hits into entertainment franchises-multimedia product lines comprised of movie sequels, TV spinoffs, video games, theme-park rides, soundtrack albums, music videos, and an endless array of licensed merchandise. Hollywoods recovery accelerated during the 1980s, fueled by a range of factors that complemented the studios burgeoning blockbuster mentality. One fact or was the rapid growth of new media technologies and new delivery systems, most notably home video and pay-cable television (i.e., subscription movie channels like HBO), which proved to be as hit driven as the box office. Foreign markets were equally receptive to Hollywood blockbusters, and thus the studios international distribution operations grew steadily during the 1980s, going into high gear in the 1990s, when the fall of the Soviet Union and the concurrent economic reforms in China created a truly global market for Hollywood films. The Hollywood that we know today has been shaped by its history, the drive to produce movies that make a profit. Studios now focus on relying on very expensive blockbusters to remain profitable. Studios now also rely on star power and large advertising campaigns to market every new up-coming movie and attract a huge audience. In conclusion, Hollywood has become the dominant cinema producer in the world and has retained its pre-eminence by changing and adapting to its audiences. It must also be remembered that Hollywood is a business, therefore to survive it has had to make good business decisions to continue making a profit.

Civil Disobedience Essay -- History Luther Kind Thoreau Gandhi

All throughout world history, human beings have participated in acts of civil disobedience. However, in the last two centuries the belief and practice of it has been in full swing and has even brought on major historical events, especially concerning equal rights and just laws. Three major firm believers and activists in civil disobedience were Henry David Thoreau, Martin Luther King Jr., and Gandhi. All three of these men participated in acts of civil disobedience but each in his own way and for different reasons. Henry David Thoreau believed that a certain war tax was unjust during the Mexican War and he refused to pay it. This then lead to his arrest and one day in jail where he wrote the essay "Civil Disobedience." Martin Luther King Jr. on the other hand participated in an act of civil disobedience for a much larger and important reason. He was fighting against segregation in America and for equal rights for all American citizens, including black that had been oppressed i n America for over 300 years. Loved and followed by thousands, King sought equal rights for both himself and for others through non-violent marches and demonstrations, which in turn led to equal rights for all American citizens including blacks. Gandhi's participation in civil disobedience was by far the most effective and led to one of the most eventful periods in time; the independence of India from British rule. However, even though these men all believed in civil disobedience and equal rights for all, they all achieved their goals through different means and methods, as seen in the three quotes involving different forms of civil disobedience. The three quotes will then be discussed and compared to the works of King, Gandhi, and Thoreau. ... ...r them. This situation was also explained when King said, " We know through painful experience that freedom is never voluntarily given by the oppressor; it must be demanded by the oppressed." Therefore, all three quotes represent acts of civil disobedience and relate in some way, shape, or form to the philosophies of Henry David Thoreau, Martin Luther King Jr., and Gandhi. The philosophies of these three men show that there is no one way to participate in an act of civil disobedience and that there are certain rules and regulations that a disobeyer must follow in order to achieve their goal. And in addition, that goal could range from anywhere from the elimination of an unfair tax, independence from the rule of another country, or equal rights and opportunities for all.

Achilles Doom Essay -- essays research papers

â€Å"To be, or not to be, that is the question. Whether ‘tis nobler in the mind to suffer the slings and arrows of outrageous fortune, or to take arms against a sea of troubles and by opposing end them.† Though written centuries after the death of Achilles, this quote from Shakespeare’s â€Å"Hamlet† speaks honestly of his life. The epic poem, â€Å"The Iliad† of Homer, is a story of the journey of his soul, and his attempts to escape his fate. He questions his fate set out for him by the gods, pondering whether or not he should die for the sake of war, and it is by this questioning of the divine judgment of the gods that he brings doom upon himself. It is known by himself, and by the gods, that he is to live a short, but glorious life, however it is not known how or when his life will come to an end. Achilles himself, wishes to live one of longevity without great glory, and therefore tries to escape his lot in life. Is it just for him to give his life for war, or should he live a life to satisfy himself? Throughout the â€Å"Iliad†, Achilles’ actions bring his eventual doom closer to reality than perhaps may have been planned. â€Å"Sing, goddess, the anger of Peleus’ son Achilles and it’s devastation which put pain thousandfold upon the Achaians.† The wrath of Achilles begins in Book One of â€Å"The Iliad.† Agamemmnon, leader of the Greek army, takes Achilles booty prize, Briseis to replace his own concubine, Chryses, daughter of a priest of Apollo, who was returned to end the plague put on his people by the angry god, Apollo. Achilles feels unappreciated for all that he does for the army when Agamemmnon takes his girl to be his own. He leaves the army because he feels that the king has disrespected him. Thus begins the onset of his doom; by not fighting, and continuing to refuse to do so until after the death of his best friend, Patroklos, he defies his fate. Once having decided to leave the fighting, he goes to speak to his mother, Thetis. He asks her to ask Zeus to allow the Trojan army to take over the fighting so that the Greeks realize how much they need him, and for them to come to an appreciation for him. Through his concern for his own ego, it is appearant to the reader that, knowing his fate, Achilles will do all that is in his power to stop the fate, or his doom, from being played out. It is also known that the gods do not favour those who try to defy them. Achilles do... ... is much more important than selfishly hiding from battle, not using his gifts.   Ã‚  Ã‚  Ã‚  Ã‚  There are many events in our lives that leave us with one question: What is the meaning of life? This question plagued Achilles’ during the story of â€Å"The Iliad† and he progresses through it to accept the fact that it is not in his hands to decide his fate. â€Å"Now I shall go, to overtake that killer of a dear life, Hektor; then I will accept my own death, at whatever time Zeus wishes to bring it about, and the other immortals.† Having brought this doom upon himself out of his own need for gratification early in the poem, Achilles’ finally accepts, humbly that his actions have been the cause of his grief and loss over his dear companion, Partoklos. It is through his continual refusal to partake in his destiny that he brings his doom upon himself. It is one of the greatest sins one can commit, to deny the world of your gifts. It is impossible for us to control our fate, the gods (speaking in Ancient Greek terms) control our lives a s they see fit and by reading this poem, it is possible to come to a deeper understanding of how we must accept it.   Ã‚  Ã‚  Ã‚  Ã‚  

Ford Motor’s Financial Health Progress Report Essay

In the coming week, Learning Team B will discuss the financial health of Ford Motor Co. The discussion will include an analysis of the current financial condition after calculating profitability ratios, liquidity ratios, activity ratios, and solvency ratios. We will answer questions about where the company began, how the company manages their investments, and where the company is now financially. We will also look at the DuPont Method as it relates to Ford Motor Co. and their financial troubles. Specific Task that have been Accomplished How Much the Company has borrowed? It has been discovered that Ford Motor Co. borrowed 23.5 billion dollars in 2006 from the government in an effort to reduce debt. Ford Motor Company’s debt liabilities, long term-debts, current notes is the total of what the company has borrowed. Define the Business Need Because of the money borrowed, Ford is in better shape than General Motors and Chrysler. The financial ratios, profitability, liquidity, activity, solvency, have already been calculated. The business need will include high-level deliverables to resolve problems. The business needs of the Ford Motor Company is to improve in the area of return on equity and return on capital by addressing customer service needs and customer satisfaction as a means of retention of reputation and quality assurance. How liquid is the Company The liquidation of Ford Motor Company can easily be defined as the ability in which as asset can be converted into cash, to meet short-term financial obligations. In order for Ford to meet this obligation, the company has to have more liquid. The company can calculate their liquids by using financial rations such as cash ratio, quick ratio, and current ratio. How Efficiently the Organization is using its Assets This will be determined by using the Debt Ratios of the company’s liabilities and assets. Additionally, the straight line depreciation method will be used to determine if assets are profitable or assuming greater debt to the company. Strength and weakness The strength and weakness of an organization is crucial. According to (Titman, Keown, & Martin, p. 79), â€Å"Financial ratios provide a second method for standardizing the financial information in the income statement and balance sheet. Ratios answer questions about the firm’s financial health or strength and weaknesses.† The relevant questions are how liquid is the firm, will it be able to pay on time, did the firm finance the purchase of assets, is the management efficient in utilizing assets to generate sales, is ROI adequate based on the organization financial goals and objectives, and are shareholders getting value for their investment. The ratio mechanism is liquidity, capital structure, and asset management efficiency, profitability, and market value ratios assessments. â€Å"The acid test is the current ratio to assess firm liquidity; we assume that the firm’s accounts receivable will be collected and turned into cash on a timely basis and that its inventories can be sold without an extended delay. But the truth is that a company’s inventory might not be very liquid at all, (Titman, Keown, & Martin, p. 80).† Debt & Equity Financing According to (Investorwords.com, 2014), â€Å"Debt financing requires borrowing money, usually as a loan from a bank, financial institution or commercial finance companies, to fund investment of the organization.† Organizations must keep in mind that debt builds credit that s supports lower insurance rates and future borrowing. Additionally, an organization can gain a tax deductible interest rate to lessen the impact of repayment. Equity financing requires investment partners that provide funding for a share of ownership. Each type of financing has advantages and disadvantages of appeal, organizations use both to finance investment ventures. Problems, Solutions, and Potential Issues The high-level of deliverables occurs according to the Britannica (2014)  website â€Å"because of financial struggles at the beginning of the 21st century, the company sold off Aston Martin in 2007 and both Jaguar and Land Rover in 2008.† In addition to selling â€Å"Ford manufactures passenger cars, trucks, and tractors as well as parts and accessories.† Next Steps The team should further expound on the business need of Ford Motor Co. The Market Value Added (EVA) and Economic Value Added (EVA) have been research, but need to be further researched to explain difference it makes for Ford Motor Co. All ratios and ROE need to be calculated and explained: ELIZABETH Profitability Ratio Liquidity Ratio Activity Ratio Solvency Ratio ROE DuPont Method Finally, the team needs to determine how profitable the organization is at the end of the research. Conclusion In concluding, Learning Team B discusses the financial health of Ford Motor Company within a progress report. The report includes an analysis of the current financial condition after calculating profitability ratios, liquidity ratios, activity ratios, and solvency ratios. The report answer questions about where the company began, how the company manages their investments, and where the company is now financially. The report finally looks into the DuPont Method as it relates to Ford Motor Co. and their financial troubles.

Virtue in Several Dialogues

Plato presents Socrates views on the question whether virtue can be taught in several dialogues, most notably in Protagoras and Meno. In Meno Menon puts the question to Socrates this way: â€Å"Can you tell me, Socrates–can virtue be taught? Or if not, does it come by practice? Or does it come neither by practice nor by teaching, but do people get it by nature, or in some other way?† [35]. Socrates claims to not â€Å"know the least little thing about virtue† and unable to speak as to its qualities. Moreover, he claims to know no one that does. [29]. There follows a discussion as to whether Gorgias, the Sophist, might not be such a person. Both Socrates and Menon know Gorgias' teaching. Menon obviously has a higher opinion of Gorgias' teaching than does Socrates. It is agreed, upon Socrates suggestion, that the conversation should proceed to explore what Menon, not Gorgias, knows about virtue. And so Socrates, puts the question to Menon: â€Å"[W]hat do you say virtue is?† [29] Menon finds â€Å"nothing difficult† in the question and attempts, forthwith, to answer it. But there are complications with the answer, for Menon has suggested that men, slaves, children, women all demonstrate a different kind of virtue, and concludes that there is a virtue â€Å"for doing each sort of work† associated with being a slave, a child, a woman, a free man. Menon's idea of virtue is what we would call role specific. Socrates attempts to show that Menon's initial answer misses the point because it does not show what is common to the virtues of these various actors. If the virtue of men and women, free men and slaves, does not share something in common then it cannot be said to be the same thing and one would necessarily call the one virtue, and the other something else. As Socrates puts it, â€Å"Even if there are many different kinds of them [virtues], they all have one something, the same in all, which makes them virtues.† [30]. Menon accepts Socrates criticism and argues that it is indeed one thing of which he speaks. In order to determine what the common quality of virtue is, Socrates observes that Menon has associated virtue with the ability to manage public affairs well. Socrates now sets out to question Menon on whether virtue would be present in the management of public affairs in the absence of temperance and justice and Menon readily agrees that it would not. Socrates has already disclaimed any personal knowledge of virtue and he has steered Menon away from a discussion of Gorgias' view of virtue. But when Menon fails to provide a persuasive account of his conception of virtue, Socrates poses a question with substantive content. Socrates may know nothing about virtue, but he knows enough to ask whether virtue can be present without temperance and justice. The question suggest that it is Socrates rather than Menon who knows enough about virtue to keep the conversation going. Socrates interrupts the dialogue to make a brief statement about the conversation he has been having with Menon. He distinguishes the conversation he is having with Menon from those where the questioner is â€Å"one of those clever fellow, who just chop logic and argue to win.† Questions such as the one that Socrates and Menon are discussing — whether virtue can be taught? — are best left, says Socrates, to â€Å"friends† who wish to talk together. In such a relationship argues Socrates, â€Å"I must answer more gently and more like friends talking together; and perhaps it is more like friends talking together, not only to answer with truth, but to use only what the one who is questioned admits that he knows.† [34] Socrates, in rapport with Menon, tries to clear up a possible confusion as to whether it is possible to seek that which is bad. Socrates suggests, as he does in other dialogues, that we â€Å"all desire good things.† Menon has responded to Socrates question by saying that one can desire bad things. Socrates tries to clarify this point by asking whether one desires that which is bad because of a mistake, that it is assumed to be bad. But Menon does not pick up on the point and contends that one desires the bad both as a result of a misplaced assumption as to its value and we can also desire the bad even when it is known to be bad. But upon further questions, Menon agrees with Socrates that no one seeks to inflict injury and misery upon himself, and it is injury and misery that are the results of that which is bad. Socrates summary of their agreement goes like this: â€Å"Then it is plain that those who desire bad things are those who don't know what they are, but they desire what they thought were good whereas they really are bad. . . .† [37] Menon has mentioned in passing that virtue consists of the desire of good things and to provide the good. Menon admits that one good thing it is possible to desire is â€Å"to possess gold and silver and public honour and appointments.† [38]. Socrates inquires now whether the virtue of possession of gold and silver must be qualified so that its possession is fair and just. Menon agrees that it is not a virtue to have such possessions if they have been unjustly acquired. On the contrary it would be a vice. â€Å"It is necessary,† Socrates says, â€Å"to add to this getting, justice or temperance or piety or some other bit of virtue, or else it will not be virtue, although it provides good things.† [39] Socrates rebuffs Menon for trying to talk about virtue by looking at it piece by piece and drawing into the discussion a sense of virtue that he has not yet presented. Menon agrees that it is a problem and comments on his reaction to what has gone on: Well now, my dear Socrates, you are just like what I always heard before I met you: always puzzled yourself and puzzling everybody else. And now you seem to me to be a regular wizard, you dose me with drugs and bewitch me with charms and spells, and drown me in puzzledom. I'll tell you just what you are like, if you will forgive a little jest: your looks and the rest of you are exactly like a flatfish and you sting like this stingray–only go near and touch one of those fish and you go numb, and that is the sort of thing you seem to have done to me. [40] Socrates response to Menon's description of his puzzlement is that he himself is â€Å"not clear-headed† when he puzzles others, and that he is â€Å"as puzzled as puzzled can be, and thus I make others puzzled too.† [41]. And where can the conversation go from here? Socrates says, that he wishes to investigate virtue with Menon's help so â€Å"that we may both try to find out what it is.† [41] Socrates argues that there is no such thing as teaching, only remembering. This notion of teaching comes out of Socrates belief in the immortality of the soul. The soul dies but is reborn and thus never destroyed. (This is given by Socrates as a reason for why â€Å"we must live our lives as much as we can in holiness. . . .†) â€Å"Then, since the soul is immortal and often born, having seen what is on earth and what is in the house of Hades, and everything, there is nothing it has not learnt; so there is no wonder it can remember about virtue and other things, because it knew about these before. For since all nature is akin, and the soul has learnt everything, there is nothing to hinder a man, remembering one thing only–which men call learning–from himself finding out all else, if he is brave and does not weary in seeking; for seeking and learning is all remembrance.† [42] After questioning the slave boy about geometry Socrates seeks Menon's concurrence in the proposition that the boy, shown to have been in error about geometry, is better off now, that he too is numbed but has knowledge about the limits of what he knows. By being numbed by the sting of Socrates' conversation the slave has come a step â€Å"onwards, as it seems, to find out how he stands.† [29]. Menon answers yes, when Socrates asked: â€Å"Then do you think he would have tried to find out or to learn what he thought he knew, not knowing, until he tumbled into difficulty by thinking he did not know, and longed to know?† Menon agrees, that he does not think he would and thus gains from being numbed. Menon takes up again his original question, whether virtue can be taught, or one gets it by nature or in some other way. Socrates agrees to proceed but contends that they need a common ground as neither of them can say at this point what virtue is. Socrates has Menon agree that if virtue is knowledge then it can be taught, and if not a knowledge then it cannot be taught. (Conclusion: All that is taught call be called knowledge.)

Answer to Chapter 1 Introduction to Derivatives & Risk Management, Chance, Brooks.

CHAPTER 1: INTRODUCTION END-OF-CHAPTER QUESTIONS AND PROBLEMS 1. (Market Efficiency and Theoretical Fair Value) An efficient market is one in which prices reflect the true economic values of the assets trading therein. In efficient markets, no one can earn returns that are more than commensurate with the level of risk. Efficient markets are characterized by low transaction costs and by the rapid rate at which new information is incorporated into prices. 2. (Arbitrage and the Law of One Price) Arbitrage is a type of investment transaction that seeks to profit when identical goods are priced differently. Buying an item at one price and immediately selling it at another is a type of arbitrage. Because of the combined activities of arbitrageurs, identical goods, primarily financial assets, cannot sell for different prices for long. This is the law of one price. Arbitrage helps make our markets efficient by assuring that prices are in line with what they are supposed to be. In short, we cannot get something for nothing. A situation involving two identical goods or portfolios that are not priced equivalently would be exploited by arbitrageurs until their prices were equal. The â€Å"one price† that an asset must be is called the â€Å"theoretical fair value. † 3. (Arbitrage and the Law of One Price) The law of one price is violated if the same good is selling at different prices. On the surface it may appear as if that is the case; however, it is important to look beneath the surface to determine if the goods are identical. Part of the cost of the good is convenience and customer service. Some consumers might be willing to pay more because the dealer is located in a more desirable section of town. Also, the higher priced dealer may have a better reputation for service and customer satisfaction. Buyers may be willing to pay more if they feel that the premium they pay helps assure them that they are getting a fair deal. It is important to note that many goods are indeed identical and, if so, they should sell at the same price, but the Law of One Price is not violated if the price differential accounts for some economic value. 4. (The Storage Mechanism) Storage is simply holding the asset. Some assets, like commodities, require considerable storage space and entail significant storage costs. Others, like stocks and bonds, do not consume much space but, as we shall see later, do incur costs. Storage enables us to more adequately meet our consumption needs and, thus, provides for a more efficient alteration of our consumption patterns across time. For example, we can store grains for the winter. In the case of stocks and bonds, we can store them and sell them later. The proceeds from the sale of the securities can be used to meet consumption needs at the later time. Likewise, storage enables speculators to hold goods and securities in the hope of selling them later at a profit. In addition, storage plays an important role in defining the relationship between spot instruments and derivatives. 5. (Delivery and Settlement) In futures markets, delivery seldom occurs. Since delivery is always possible, however, an expiring futures contract will be priced like the spot instrument. The knowledge that futures prices will eventually converge to spot prices is important to the pricing of futures contracts. 6. The Role of Derivative Markets) Derivative markets provide a means of adjusting the risk of spot market investments to a more acceptable level and identifying the consensus market beliefs. They make trading easier and less costly and spot markets more efficient. These markets also provide a means of speculating. 7. (Criticisms of Derivatives Markets) On the surface, it may be difficult to distinguish speculation from gambling. Both entail high risk w ith the expectation of high gain. The major difference that makes speculation somewhat more socially acceptable is that it offers benefits to society not conveyed by gambling. For example, speculators are necessary to assume the risk not wanted by others. In gambling, there is no risk being hedged. Gamblers simply accept risk without there being a concomitant reduction in someone else's risk. 8. (Misuses of Derivatives) Derivatives can be misused by speculating when one should be hedging, by not having acquired the requisite knowledge to use them properly by acting irresponsibly when using derivatives such as by being overly confident of one’s ability to forecast the direction of the market. 9. The Role of Derivative Markets) The existence of derivative markets in the United States economy and indeed throughout most modern countries of the world undoubtedly leads to a much higher degree of market efficiency. Derivatives facilitate the activities of individual arbitrageurs so that unequal prices of identical goods are arbitraged until they are equal. Because of the large number of arbitrageurs, this is a quick and efficient process. Arbitrage on this large a scale makes markets less capable of being manipulated, less costly to trade in, and therefore more attractive to investors. The opportunity to hedge also makes the markets more attractive to investors in managing risk. ) This is not to say that an economy without derivative markets would be inefficient, but it would not have the advantage of this arbitrage on a large scale. It is important to note that the derivative markets do not necessarily make the U. S. or world economy any larger or wealthier. The basic wealth, expected returns, and risks of the economy would be about the same without these markets. Derivatives simply create lower cost opportunities for investors to align their risks at more satisfactory levels. This may not necessarily make them wealthier, but to the extent that it makes them more satisfied with their positions, it serves a valuable purpose. 10. (Return and Risk) Return is the numerical measure of investment performance. There are two main measures of return, dollar return and percentage return. Dollar return measures investment performance as total dollar profit or loss. For example, the dollar return for stocks is the dollar profit from the change in stock price plus any cash dividends paid. It represents the absolute performance. Percentage return measures investment performance per dollar invested. It represents the percentage increase in the investor’s wealth that results from making the investment. In the case of stocks, the return is the percentage change in price plus the dividend yield. The concept of return also applies to options, but, as we shall see later, the definition of the return on a futures or forward contract is somewhat unclear. 1. (Repurchase Agreements) A repurchase agreement (known as repos) is a legal contract between a seller and a buyer, the seller agrees to sell a specified asset to the buyer currently as well as buy it back usually at a specified time in the future at an agreed future price. The seller is effectively borrowing money from the buyer at an implied interest rate. Typically, repos involve low risk secur ities, such as U. S. Treasury bills. Repos are useful because they provide a great deal of flexibility to both the borrower and lender. Derivatives traders often need to be able to borrow and lend money in the most cost-effective manner possible. Repos are often a very low cost way of borrowing money, particularly if the firm holds government securities. Repos are a way to earn interest on short-term funds with minimal risk (for buyers) and repos are a way to borrow for short-term needs at a relatively low cost (for sellers). 12. (Derivative Markets and Instruments) An option is a contract between two parties—a buyer and a seller—that gives the buyer the right, but not the obligation, to purchase or sell something at a later date at a price agreed upon today. The option buyer pays the seller a sum of money called the price or premium. The option seller stands ready to sell or buy according to the contract terms if and when the buyer so desires. An option to buy something is referred to as a call; an option to sell something is called a put. A forward contract is a contract between two parties—a buyer and a seller—to purchase or sell something at a later date at a price agreed upon today. A forward contract sounds a lot like an option, but an option carries the right, not the obligation, to go through with the transaction. If the price of the underlying good changes, the option holder may decide to forgo buying or selling at the fixed price. On the other hand, the two parties in a forward contract incur the obligation to ultimately buy and sell the good. 13. (The Underlying Asset) Because all derivatives are based on the random performance of something, the word â€Å"derivative† is appropriate. The derivative derives its value from the performance of something else. That â€Å"something else† is often referred to as the underlying asset. The term underlying asset, however, is somewhat confusing and misleading. For instance, the underlying asset might be a stock, bond, currency, or commodity, all of which are assets. However, the underlying â€Å"asset† might also be some other random element such as the weather, which is not an asset. It might even be another derivative, such as a futures contract or an option.

Chemotherapeutic Agents of Control

Chemotherapeutic Agents of Control: Introduction: Chemotherapeutic agents are chemical substances used to treat various forms of infectious diseases. The chemotherapeutic agent works by stopping the bacteria from reproducing. There are two different kinds of chemotherapeutic agents. The first kind is an antibiotic, which slow down the growth of microorganisms. The second kind of chemotherapeutic agent is synthetic drugs. Synthetic drugs are artificially made in a laboratory. Chemotherapy began in the 1940s and is now a multi-billion dollar industry.Different antibiotics and synthetic drugs all have different modes of actions and can have several different possibilities of side effects. Antibiotics work by finding something in the pathogen that is different in the host cell and attacks it to stop the pathogen from reproducing and causing more harm. The side effects can range from loss of hearing all the way to discoloration of the teeth. Some may take these drugs and have no side effe cts at all except to obtain better health. While others may no receive any good from the medication and have horrible side effects.The mode of action also has a wide range of possibilities depending on which drug is taken. The mode of action can range from inhibition of the cell wall all the way to destruction of the cell membrane and much more. Each and every chemotherapeutic agent varies with their antimicrobial activity. This is needed because every disease is very different. Purpose: The purpose of this experiment is to determine that different chemotherapeutic agents are needed to treat different kinds of diseases.Since there is a wide range of possibilities this experiment is needed to determine which medication is best for certain types of microbial metabolism. This way we can evaluate the antimicrobial’s reaction to different chemotherapeutic agents. What reaction will the antimicrobial have on the chemotherapeutic agents that will be used in this experiment? Hypothes is: All chemotherapeutic agents will affect the antimicrobial, although one chemotherapeutic agent will be much more effective than the other chemotherapeutic agents.Expectations: I expect one chemotherapeutic agent to be much more effective on this certain culture. This will be the best chemotherapeutic agent to treat this certain antimicrobial disease. Materials: Petri dish Sterile cotton swabs Culture (Escherichia coli, Serratia marcescens, Bacillus subtilis, Enterobacter cloacal, Staph epidermidis) Antibiotics (Streptomyocin, SSS, Erythromycin, Chloram Phemicol, Kamamycin, Novobiocin, Textra Cycline, Penicillin) Sharpie Bunsen burner Forceps Millimeter ruler