Charachter Critique Essay Example | Topics and Well Written Essays - 1500 words

Charachter Critique - Essay Example She cared for the people on earth and helps those who infected with AIDS. She started over a thousand foundation, however, the first one she started, was without any funds, which shows how compassionate and she was ambitious to do something for the well being of people. The objective of her life was to care for people and she spent 60 years of life in the slums of Calcutta. She helped the poor by giving them food, clothing, shelter and she was particularly devoted to helping the sick like lepers. She even cared about those people, who were dying or those who were abandoned by their loved ones. However, it wasn’t easy; she faced a lot of difficulties, extremely challenging situations and she had to put herself through a lot of hardships. This personality trait of her teaches people to take care of others, even if means sacrificing your own needs and desires. There is a quote of hers, which states, â€Å"I for one do like the worldly comforts and I am sure you do too. And you know what, that’s perfectly fine. Don’t let anyone tell you otherwise. Just don’t be wasteful†. (Marques). The second personality trait of Mother Teresa was her strong faith. She faced many challenges in her life, because providing for the poor and taking care of them wasn’t an easy task. Faith was perhaps her solid foundation, which didn’t tremble when she faced difficulties; her faith taught her the core values of life, which was to take care of the poor and love them. She stated that, â€Å"In this life, we cannot do great things. We can only do small things with great love.† The presence of her strong faith was the reason why Mother Teresa did so many things for the human kind. As she was inspired by Jesus, she involved herself in charity life and lived simply like him. She even believed that the God called her Himself and instructed her to work for the benefit of mankind. She left her convent in 1948 and opened her first charity organization, a home

The Story of the Stuff by Annie Leonard Essay Example for Free

The Story of the Stuff by Annie Leonard Essay The Story of the Stuff which is made by Annie Leonard was very interesting and enlightening. It made me realize that no matter how small the stuffs we use in our everyday life, it should not be taken for granted because the economic system is in crisis and we cant continue to run on a linear system since we live on a planet of limited resources. People become obsessed with consumerism, especially when it comes to new technologies. Things that we buy and then discard go through different phases: extraction, production, distribution, consumption and disposal. Corporations have become bigger than our government and the first limit to the system is exploitation of our natural resources. We are consuming products to the point where 1/3 of our natural resources are already used up with 30% of our waste being shipped to other areas of the world. Due to these instances, almost all of our forest have already been cut down, and yet this corporations who still wants to cut them have no â€Å"corporate environmental responsibility†, what they want is always earning more profit. They should think that if all the resources in earth runs out, even money can’t revert the damage they have done to these non-renewable resources. Also they can’t already buy these resources from the over-exploited third world countries. Yet the government hasn’t done enough actions to address these problems. I find it appalling and irresponsible of our government. Maybe just maybe they are doing actions or made rules and regulations to minimize these occurrences but still it wouldn’t be enough since corporations can lend money to those corrupt officials whose minds are obsessed with money then poof, the corporations will continue its operations. It is not merely the fault of the corporations or the government, each indiv iduals also contributed on consuming the limited resources the earth have. In today’s time, consumers has become the new evil of the society, consumption has turned from necessity to excessiveness. Through planned and perceived obsolescence we have turned against everyone including ourselves. Consumerism led to tremendous increase in the variety of products. Each product life cycle from raw material extraction to its consumption has an  effect on the ecosystem as a whole. For example, due to toxics like dioxins and furans, there is change in the atmosphere thus affecting both flora and fauna of our planet. To cater to this growing hunger, production house does not maintain any standards in the degradation of human, social and economic capital. Rather than playing the role as a regulator, the governments are playing the role as a promoter. But there is a way forward, we and planet are complimentary not supplementary. We should start focusing on closed production loop, renewable energy, zero waste. Sustainable development is the way forward for sustainable life. We cant just start fresh with a whole new system, however I believe we can take the current system and revamp it in a way that we become more responsible as consumers and citizens. We need to take back our government and unite to see the big picture. By unity we create equity, boost our local living economies and promote sustainability!

UK Telecommunications Management of Interest Rates

UK Telecommunications Management of Interest Rates INTRODUCTION In business world today many companies are faced with the increase in volatility of financial markets which has lead to increase in financial price risk. Many companies are faced with exposure to financial risk which are caused by unanticipated exchange rate and interest rate movements. These unanticipated movement in exchange rate which is caused by international competition can results into large gain or loss if the risk is not managed properly. Exchange rate movement generate business risks which can vary the current foreign assets and liabilities and interest rate movement can have indirect impact on companys value on its future cash flows. Domestic and multinational companies who are faced with these kind of risks must assure that they control these risks otherwise if they are unmanaged then this can result into total failure of business. Financial Institutions have introduced different products to help companies in risk management. These products are Forward contracts on exchange rate, Futures contracts, Interest rate swaps and Options. Forward contract being the oldest product to be introduced to manage both foreign exchange and interest rate risks. 1.1 Problem statement Changes in business environment and increase in movement of interest rate and exchange rate has resulted into rise in financial risk exposure. These movements can affect not only companys profit but also companys survival in indirect way. Financial risks management has turn to be a significant area of pertain for UK corporations. Therefore this proposal attempt to find out how UK Telecommunications industry handle financial risks in an increasing business risk environment. Research aim and objectives Aim The main aim of the study is to determine how firms in UK Telecommunications industry manage interest rate and foreign exchange financial risks by looking into use of derivatives. 1.3 Research Objectives The primary objectives of the research will be; To determine how companies manage risk To determine whether derivatives are used or not To determine which derivatives are used and for what purpose Disclosure of financial instruments 1.4 Research Questions The following research questions will guide this research How companies manage risk? Are derivatives used or not used? Which derivatives are used and for what purpose? What are the disclosure of financial instruments? 2. LITERATURE REVIEW Derivatives are financial instruments whose values are deduced from some underlying assets or rate/price. Derivatives are now of paramount importance to the business world, with imaginary value of more than $200 trillion of these derivatives are being traded on coordinated and over the counter markets in 2004 (Bank for International Settlements, 2004). The financial products which are provided by FinanciaI Institution are options, futures contract, forward contract and interest rate swap. The common Interest rate derivative is Interest rate swaps and others are future contracts and interest rate options while for foreign exchange derivatives are forwards contracts, currency swaps, foreign exchange futures and options. Forward contract gives the owner the obligation to buy an asset at set price and maturity date as agreed in the contract. Future as like forward but in futures are public traded while forwards are private contracts. Unlike future and forward, options give the owner the right but not obligation to buy or sell an asset at a fixed price on or before specified date (Prevost et al, 2000). Derivatives are used to cut down cash flows and earnings volatility caused by changes in foreign currency exchange rates, commodity prices, interest rates and other risk factors (Barton J, 2000). Use of financial derivatives is widespread, especially among large publicly traded companies and is still increasing sharply. For example, in a study done by Guay and Kothari, (2003) based on annual reports information of 413 largest firms in the U.S revealed that 57% were using derivatives. In another study of 314 Fortune 500 firms showed that 72% were using derivatives (Barton J, 2001). Mallin et al. (2001) did survey analysis on the use of derivatives in risk management, he mailed questionnaire to 800 UK non financial firms listed on London stock exchange. Results showed that of 231 respondents 32% were applying at least one derivative instrument. Another researchers Bodnar et al (2003) studied derivative usage in managing risk to 167 non-financial Netherlands firms and revealed 84 usable responses which is 50.3%. In India a study was conducted to examine derivatives usage in managing foreign exchange risk to 640 companies which were faced with foreign exchange exposure and results showed that 70.4% of respondents used foreign exchange derivatives to manage risk (Anand and Kaushik 2007). Whilst many firms use derivatives in managing risk, misuse of it may result into major losses. This was proved by Karpinsky (1998) who revealed companies like Sumitomo Corporation lost $3,500 million in 1996 because of copper future. On the other hand El-Masry (2003) collected data from questionnaire mailed to 401 non financial companies listed on London stock exchange, 50% of respondents did not use derivatives because the risk exposure was not substational. Likewise suryey done by Bodnar et al (1995) revealed lower use of derivatives and the reason being low insignificant exposure. Regarding to mostly used derivatives to manage risk exposure, survey done by Marshall (1997) pointed that options, swaps and forwards were normally used to manage interest rate and foreign exchange risks. In El-Masry (2003) survey of UK non financial firms, results indicated that firms use options at 29.4%, forward/future at 23.7% and swaps 23.1%. 3.0. RESEARCH METHODOLOGY Research design This study will be conducted as a quantitative survey Sources of data The main source of data will be the annual reports of 10 companies in the UK telecommunications industry for the past three years. Documentary source Bell (1999) state documentary source involves the reading of relevant information from library source such as text books, journals, newspapers and internet. Secondary source will enable a researcher to conduct broad investigation and help confirm the reliability of the findings given that the findings may be subjective and this source will be used as well to cut down reliance on the annual reports as the main source of data used in the study. Sampling selection Selection of sample will be based on the public data information of the companies and the eligibility criteria will base on following factors; The company must be in the telecommunication services industry The company must be either a Domestic or a Multinational one which is exposed to financial risks as an outcome of international competition The company should be among of the listed London Stock Exchange companies Data analysis Data collected will be analysed using Statistical Package for Social Sciences (SPSS) and presented using frequency table. 4. CONCLUSION Measuring and managing financial risk exposure are crucial functions in cutting down companies vulnerabilities from major exchange and interest rate movements. Financial derivatives are very important in risk management of corporations 5. REFERENCE Anand m., Kaushik k. p., (2007).Management Motivations for Use of Foreign Currency Derivatives in India, IIML Working Paper Series. Bank for International Settlements. (2004). Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in 2004. http://www.bis.org/publ/rpfx05.htm. Barton, J. (2001). Does the Use of Financial Derivatives Affect Earnings Management Decisions? The Accounting Review, 76, 1-26. Bell, Judith. (1999). Doing your Research Project: A guide for first time researcher in Education: 3rd Edition Buckingham, Open University press.UK Bodnar g. m., de jong a., macrae v., (2003). The impact of Institutional Differences on Derivatives Usage: a Comparative Study of US and Dutch Firmsà ¢Ã¢â€š ¬?, European Financial Management vol. 9, No. 3, pp. 271-297. El-masry a.,(2003) A survey of derivatives use by UK non financial companies, Social science research network Manchester Business School pg.455. Grant, K. and Marshall, A. P. (1997), à ¢Ã¢â€š ¬Ã…“Large UK companies and derivativesà ¢Ã¢â€š ¬?, European Financial Management, vol. 3 no. 2, pp. 191-208. Guay W Kothari, S. P. (2003). How Much Do Firms Hedge with Derivatives? Journal of Financial Economics, 70, 423-461. Hentschel, L., Kothari, S. P. (2001). Are Corporations Reducing or Taking Risks with Derivatives. Journal of Financial and Quantitative Analysis, 36, 93-118. Mallin c.; Ow-yong k. and Reynolds m.,(2001) Derivatives usage in UK non-financial listed companies, The European Journal of Finance Vol. 7 (2001), pp. 63-91. Saunders, M., Lewis, P. Thornhill, A. (2007). Research Methods for Business Students. 4th Edition. Pearson Education Limited UK. Prevost, A. K., Rose, L. C., Miller, G. (2000). Derivatives Usage and Financial Risk Management in Large and Small Economies: A Comparative Analysis. Journal of Business Finance and Accounting, 27, 733-759.

Atmospheric Oxygen, Giant Paleozoic Insects and the Evolution of Aeria

Animal gigantism was prevalent during the Carboniferous period of the Paleozoic era. Gigantism in flying insects occurred in abundance; however, arthropods, such as arthropleurids, also experienced gigantism. Arthropleurids existed during the Paleozoic era and were the largest land dwelling arthropods in the history of the Earth. 1m long millipedes are classified as arthropleurids. Amphibians such as the terrestrial labyrinthodont amphibians also became gigantic during the Carboniferous period. Large amphibians reached body lengths of up to 2m. However, these amphibians are limited by respiration through the skin, which is known to restrict maximum body size. The wingspan of a certain extinct dragon fly exceeded 70cm and the wingspan of late Paleozoic Paleodictyoptera was between .9-43cm. There are a few hypotheses that have been aimed at explaining the gigantism during the Paleozoic era. Some are predatory defense and enhanced flight performance. However, the most plausible is the idea that the oxygen increase in the atmosphere caused the increase in body size. Increased oxygen partial pressure caused an increase in diffusive flux in the tracheal system. This led to the adaptation of the bodies of insects, amphibians, and arthropods to the new environment. Carboniferous - is a major division of the geologic timescale that extends from the end of the Devonian period, about 359.2 Ma (million years ago), to the beginning of the Permian period, about 299.0 Ma (ICS 2004). Geological records of atmospheric oxygen and carbon dioxide Since plants have been able to survive on land by carbon dioxide fixation, also known as terrestrializaion, the earth’s atmosphere has undergone a ... ...f terrestrial arthropods with diffusion-limited respiratory systems is consistent with the levels of atmospheric oxygen. (This can be seen in the charts included in the article) A second peak of insect gigantism appears to occur in the Cretaceous period when the atmosphere was also hyperoxic, or contained a high concentration of oxygen. References Orr, W. C. and Sohal, R. S. (1994). Extension of life-span by overexpression of superoxide dismutase and catalase in Drosophila melanogaster. Science 263, 1128–1130. Tyler, R. H., Brar, H., Singh, M., Latorre, A., Graves, J. L., Mueller, L. D., Rose, M. R. and Ayala, F. J. (1993). The effect of superoxide dismutase alleles on aging in Drosophila. Genetica 91, 143–149. Withers, P.C. (1981). The effects of ambient air pressure on oxygen consumption of resting and hovering honeybees. J. comp. Physiol.

Justification Of Location

Latty’s Beauty salon will be located in the town of Cave Valley in the parish of St. Ann. The entrepreneur chooses this location for several reasons, these include the availability of land for the entrepreneur to operate business on, the availability of labour, there are persons searching for such works and this will be of good help to them and also for competition because there is little or no competition thus the business has a advantage to maximize its profits. There are few businesses in the area therefore there is sufficient and suitable space for the business which is affordable. The type of labour needed is both skilled and semi-skilled. This is mainly because the entrepreneur wants to ensure that persons business to the salon is able to work efficiently and effectively. The business will employ a total of seven (7) persons. Four skilled or semi-skilled hair dressers, three skilled nail technicians and one supervisor. The supervisor will monitor the performance of workers to ensure the objectives of the business are met, and motivating workers to stay on the task they are assigned t until the task is accomplished. The reason this type of labour is necessary is to carry out the production process efficiently and is skilled at what they are doing. The supervisor must have at least 2 years’ experience in supervising a business or a salon at that. 2 CXC and a certificate is required by the nail technicians and the hair dressers should be capable of doing the tasks required or a certificate.

The Human Eye essays

The Human Eye essays 1. Fibrous tunic outer protection and support. non-elastic (it has the same constant refractory index) consists of high amounts of collagen fibers only organ transplanted from one individual to another without rejection for light refraction (light bending),(most important. feature regarding refraction) cornea and lens are involved with refraction o the lens is not part of any tunic, because of the variable elastic change (it is elastic) hence the refractive index can change, the lens is also avascular non-elastic (therefore part of the tunic) anchors extrinsic eye muscles LR6[SO4]3 the optic nerve, CN II , pierces the sclera in the back of the eye creating a blind spot (where there is no sight) = optic disc perioptic nerve exits out of the eye where the optic disc blind spot is located the optic disc lacks photoreceptors: rods and cones anterior chamber H2O secretion (bathes eye) posterior chamber vitreous humor, a gel like substance, gives the eyeball its shape 2. Vascular tunic also called the uvea, forms the middle tunic a) choroid contains melanocytes and serves to absorb light and prevent light from scattering with in the eye ball itself b) cilliary muscle body continuation of choroid, made of smooth muscle, attaches to the suspensory ligaments (made of collagen fibers). The suspensory ligaments inturn attach to the lens. It is really composed of two different types of muscle i. radial muscle (longitudinal), important in distinguish dim light ii. circular muscle cones, color, central vision, close vision c) iris is a continuation of the cilliary body/ cilliary muscle. It encircles the lens. ...