Housing and the Inclusive Society Essay Example | Topics and Well Written Essays - 1750 words - 1

Housing and the Inclusive Society - Essay Example In addition, private rented sector has actively participated in creating opportunities for provision of adequate homes that are accessible and convenient for in terms of prices and affordability to socially excluded groups. According to the EU, social inclusion involves a process of including people in societal activities who risk exclusion through poverty, unemployment, or homelessness; this includes exclusion from participation in decision-making processes (Spandler, 2007; European Commission, 2010). In this paper, there will be a discussion on the contribution of the private rented sector in promoting social inclusion or social exclusion, followed by an evaluation of the lesson learnt by social housing about social inclusion. Effect of Private Rented Sector on Social exclusion Private rented sector is usually a commercially operated environment such that those providing social housing must look forward to making profits. In this case, the State does not have a direct role in dicta ting housing provision, but can only provide guidelines on housing standards that landlords should meet. Therefore, it is a common phenomenon to see housing providers excluding some people based on various reasons (Hayes, Gray and Edwards, 2008; Le Grand, 2003). First, in relation to rental fees (price), allocation of housing may exclude some people based on their incomes. For instance, rental charges may be prohibitive for low-income earners, as well as those people who do not get housing benefits from their employment (Hulse and Burke, 2000). Another factor of housing allocation that promotes social exclusion is facilities allocation in housing such that the landlords usually fix heating and fuel systems within houses, which make accommodation expensive. In this case, tenants may be rebuffed from accessing housing due to extra cost of heating and fuel, or they may have to dedicate much of their resources to such costs in expense of other basic needs (Hulse and Burke, 2000). Thirdl y, social housing may discriminate disabled population from accessing housing due to the architectural design of houses. It is evident that majority of houses are constructed without consideration the accessibility of wheelchair users to the buildings; the same can be said for blind people. Fourthly, there are instances when landlord put conditions on who should be rented accommodation. For instance, landlords, driven by desire to make money and avoid the stress of demanding delayed or unpaid rent, may decide that only people from a certain level of income, certain employment sectors, race, religion or sexual orientation should be provided with housing, thus discriminating against those who do not qualify (Kleinman, 1998), despite this being unlawful. Fifthly, it is possible that some people will not have sufficient information on where to secure housing of their class and in such cases, they may be excluded from housing. For instance, potential tenants may find it difficult locatin g affordable housing especially in new and unfamiliar locations, thus finding themselves occupying houses that are beyond their reach (Hulse and Burke, 2000). Finally, private rented houses may not be equitably allocated in terms of location, with such houses being concentrated or exclusively located in certain areas. In this case, although it may be motivated by issues such as security, people who have to make

The origin of the third world plight Essay Example for Free

The origin of the third world plight Essay Thesis The Third world countries have continued to witness some of the most challenging times in their quest for real development that would catapult their economies to march those ones of the first worlds. However these countries have been bedeviled by major obstacles of bad governance, corruption, and exploitation by the first world countries. Of great concern has been the contribution of major world bodies that have continued to impoverish these economies in the name of supporting them. The World Bank stands out as one of the culprits. Introduction Many times is when some people do not understand what is meant by the term ‘third world plight’. This in terms means, they are those countries that still are developing. The third world countries are greatly in substantial indebt ness according to statistics. More than 50% of the people living in third world countries are living below the poverty line: this is below a dollar a day. It is reckoning, how this is happening, but the World Bank has attributed all this. In 1986 –1987, the World Bank’s president Barber Conable said that the World Bank had been a great success, yet it only oppresses the governments in the third world countries. In 1962, Robert McNamara who was the bank’s president led it to achieve higher loans levels and by the time he was resigning in 1981, the levels had increased from $883 million to over $12 billion. (James Bovard) McNamara and the World Bank supported Nyerere’s dictatorial regime and the bank gave more aid to Tanzania hence the cause of the current misery of the Tanzanian people. This kind of act by the World Bank was wanting, as it only devastated the third world countries. In late 1970’s, the World Bank also financed the Vietnamese’s government thus encouraging their brutal policies that brought about a lot of deaths of the boat people in the south sea. The bank was to finance an irrigation project that was risky, as it would be subjected to rebellion among the farmers. Farmers who resisted the project ended up being drowned in the sea. (James Bovard) The World Bank lent $600million to the Indonesian government to forcibly remove people from Java Island and resettle them in the barren islands. It was due to this transmigration, that violence erupted in Indonesia, leading to the deaths of thousands of people. Despite this fact, the bank termed this as the â€Å"largest voluntary migration.† This was clarion of the banks hypocrisy as it violated human’s rights. The bank provided capital to the Ethiopian Marxist regime of Mengistu Haile Mariam. (James Bovard)   In 1984 – 1985, Ethiopia was struck by famine and this forced the government to forcibly deport people in northern Ethiopia to the south. It is believed that more deaths occurred as would have been caused by the famine. The government introduced the villagilization program but many people still rebelled against it and were killed. Despite of all this happenings, the bank still continued to lend money, as it was not concerned with the citizens but seemed to provide more help to the bureaucrats and politicians. (James Bovard) The World bank is highly to blame on the poverty in the third world countries as it uses to pressure to this countries to lend more money than which is borrowed. The audit of Madagascar Morondava Irrigation and Rural Development Project is a good example, where by the new government was pressured by the bank to accept the project so as to be submitted to the executive directors. It is evident that the World Bank gave wrong advice to the third world countries and it’s clearly brought in Western Africa in the project of promoting cocoa and coffee. This simply failed because the bank had encouraged the farmers to grow cash crops in unsuitable soils. (Barbara G 18) The world bank in the late 1970’s and early 1980’s aim, was to lend money in order to boost food production in Africa and other developing countries but this did not happen as almost 20% of the food production had fallen because much of the bank’s investments went to big irrigation schemes and state farms thus wastage of money. It is due to the bank’s poor investments that dragged down the entire economies of the third world countries. (Peter T. Bauer 21) In 1980, the world began Structural Adjustment Loans programs that encouraged policy reforms. Most of these loans were mainly going to the governments of the third world countries in repaying their debts to the bank or the international momentary fund. In 1984, a statement from a world bank’s official was bizarre, as he said, â€Å"if china is to maintain a reasonable growth rate and manageable debt service payments, it will need to obtain the necessary additional foreigner capital at an average interest rate below the market rate.† This implied that even investments in the third world countries would not be greater than the banks interest hence putting third world countries into deeper poverty’(Peter T. Bauer 23)    Problems faced by the third world countries Malnutrition- a good example is in Kenya whereby a bank report found severe malnutrition widespread among the beneficiaries. Barbara Gunnell concluded ‘the real loser is the Kenyan government, or future generations of Kenyans who will go on paying the World Bank interest on the loan.’ This was due to the fact that the bank had invested $20 million in Bura irrigation but when the then president Daniel Moi toured Bura he found ‘eroded irrigation canals, abandoned plots, poor crops, tumbledown and unsanitary housing, zebra grazing on irrigated land and on air of decay’(Peter T. Bauer 23) Diseases -a lot of diseases have become wide spread in these third world countries and they include; The AIDS pandemic, malaria, cholera among others. Poor infrastructure- poor insfrastructure has become a major threat to these countries as many accidents occur though roads that are constructed well but the cost of maintenance is quite high hence they become dilapidated. (Peter T. Bauer 24) Desertification- an example is in Botswana whereby two livestock projects that were to promote cattle rising resulted to overgrazing. The bank further introduced a third livestock project despite the fact that it led to overgrazing. (Peter T. Bauer 26) Displacement- the bank is spending about half a billion dollars in the largest westwards-flowing river in India to dam it. This was proved that it would end up displacing thousands of people and destroying a lot of land but the World Bank went ahead with its plan. Insecurity- the third world countries have been faced with high rate of insecurity as foreign direct investments have been directed to other regions hence of no benefits to these countries as high crime rates still continues. (Peter T. Bauer 33) Poverty – many people in the third world countries are living below the poverty line due to the indebt ness that they have to their donors, international momentary fund and the World Bank. (Peter T. Bauer 34) Conclusion It is evident that though the World Bank has helped these countries, it is majorly to blame for dragging their economies. For all countries in the world to be at par, it only would be best to cancel of, the debt of the so-called third world countries. The bank ought to encourage reductions in lending capital to enable these countries economies to grow. It could also not lend capital that will be of bad use, as this only benefits politicians of these countries and continues to deteriorate their economies. Works Cited Barbara Gunnell, The Great Bura Irrigation Scheme Disaster, African Business (April  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1986): 18. James Bovard: The World Bank vs. the World Poor: Policy Analysis: Retrieved on 13th May 2008 from http://www.cato.org/pubs/pas/pa092.html Peter T. Bauer: Equality. The Third World. And Economic Delusion: Cambridge, Harvard  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   University Press, 1981 p. 21.

Feminism In The Handmaids Tale Essay -- Feminism Feminist Women Criti

Feminism In The Handmaid's Tale      Ã‚  Ã‚   Feminism as we know it began in the mid 1960's as the Women's Liberation Movement. Among its chief tenants is the idea of women's empowerment, the idea that women are capable of doing and should be allowed to do anything men can do. Feminists believe that neither sex is naturally superior. They stand behind the idea that women are inherently just as strong and intelligent as the so-called stronger sex. Many writers have taken up the cause of feminism in their work. One of the most well known writers to deal with feminist themes is Margaret Atwood. Her work is clearly influenced by the movement and many literary critics, as well as Atwood herself, have identified her as a feminist writer. However, one of Atwood's most successful books, The Handmaid's Tale, stands in stark contrast to the ideas of feminism. In fact, the female characters in the novel are portrayed in such a way that they directly conflict with the idea of women's empowerment.    On the surface, The Handmaid's Tale appears to be feminist in nature. The point-of-view character and narrator is a woman and thus we see the world through a woman's eyes. There's much more to the story than that, though. Atwood doesn't show us our world. She shows us a newly created world in which women lack the freedoms that they currently take for granted. This dystopian society is completely controlled by men. Of course, the men have help from the Aunts, a crack team of brainwashers that run the reeducation centers and teach the handmaids how to be slaves. These characters really don't speak well for womankind for two reasons. First of all, it's difficult to tell who their real life counterpart is, assuming that this... ...st writers. It's obvious that Atwood intentionally set herself apart from these writers with The Handmaid's Tale. At times, she seems to disagree with them completely, such as when she shows pornography in a favorable manner. At other times, she portrays feminists themselves as the powerful women they would like to be seen as, but it's always with full disclosure of their human frailty. Atwood never bashes feminism. Instead, she shows both sides of it. Like everything else in the novel, feminism is shown to have good and bad elements. Even in Atwood's brave new world, there is no black and white.    Sources Atwood, Margaret. The Handmaid's Tale. New York: Fawcett Crest, 1985. Moore, Pamela, Atwood, Margaret: The Handmaid's Tale. Boston, MS: Houghton Mifflin, 1986. Internet www.wsu.edu:8000/~brains/science_fiction/handmaid.html   

Organic Nomenclature and Functional Groups Essay

Learning how to name and draw the structure of the various compounds is the first step in learning to speak the language of organic chemistry. Chapter 1 presented organic chemistry as the chemistry of the carbon atom. However, many organic compounds contain other atoms besides carbon that contribute significantly to the physical and chemical properties of the compound. Chemists call these atoms heteroatoms, and the groups they form, functional groups. This chapter provides an overview of the rules for naming organic www. ochem4free. com 5 July 2005 Organic Chemistry – Ch 2 73 Daley & Daley compounds. It also introduces the major functional groups that you will encounter as you study organic chemistry along with the rules of how to name them and draw their structures. The presence of heteroatoms radically changes the physical and chemical properties of the compounds to which they are bonded. In fact, the carbon— heteroatom bonds and the carbon—carbon multiple bonds are the main sites where chemical reactions take place. Organic compounds are arranged into classes according to the particular functional groups that they contain. Members of each class of compounds share common chemical and physical characteristics. The names of organic compounds are assigned according to the class of the compound as determined by the functional groups. This chapter also shows how to draw the structural representations of these compounds. 2. 1 Drawing Organic Structures A two-dimensional structural formula of a hydrocarbon shows all of the atoms with all of their bonds in the plane of the page. Molecules are actual, three-dimensional entities. Their structure is a major factor that determines their physical properties and the way one molecule interacts with another molecule. These bonds are combinations of single bonds with hydrogen atoms and single or multiple bonds with other carbon atoms. For molecules that contain a large number of atoms or complex structures, drawing every bond and every atom is time and space consuming. A common notation developed to abbreviate the drawing without sacrificing the clarity of the structure is the condensed structural formula shown below for heptane: CH3 CH2 CH2 CH2 CH2 CH2 CH3 Heptane www. ochem4free. com 5 July 2005 Organic Chemistry – Ch 2 74 Daley & Daley Taking out the lines representing the carbon—carbon bonds condenses this formula still more: CH3CH2CH2CH2CH2CH2CH3 Heptane Heptane has five repeating —CH2— groups, called methylene groups. Because many organic molecules have such repetitive groups, an even more condensed notation shows these repeating units. Using this notation, the formula for heptane is as follows: CH3(CH2)5CH3 Heptane Bond-line formulas represent the carbon atoms as the intersection of lines and as line ends. You assume all the hydrogens needed to complete carbon’s valences. The bond-line structural formula is the notation that most organic chemists prefer to use. Bond-line formulas are easy to draw and quickly convey the essential structure of a molecule. Both the ends and the angles of the structure represent the carbon atoms. C—H bonds are not shown, but you should assume that the appropriate number of hydrogen atoms is present to complete the four bonds required by carbon to have its octet of electrons. The bond-line formula for heptane looks like this: Heptane Not all hydrocarbons are straight chains; many are rings. Chemists use the same structural formulas for them. Because the illustration of the two-dimensional structural formula of methylcyclopentane is so cluttered, it does not clearly show the ring. H H H C C H C C C H H CH HH H HH Methylcyclopentane The condensed structural formula is clearer. www. ochem4free. com 5 July 2005 Organic Chemistry – Ch 2 75 Daley & Daley CH2 CH2 CH CH2 CH3 CH2 Methylcyclopentane The bond-line structural formula is even clearer. Thus, chemists use it most frequently. Methylcyclopentane Often, chemists combine the bond-line and condensed notations to clarify a structure or emphasize specific features. This formula also represents methylcyclopentane. CH3 Methylcyclopentane Exercise 2. 1 Redraw each of the following condensed structural formulas using the bond-line notation.

Nintendo market analysis

1.   Who is the market?Nintendo is a gaming company. The company’s gaming is almost entirely concentrated on electronic games and interactive entertainment. Its main products are video games, handheld games and console games (Nintendo Corporate)2. Who is the target market?The target market of gaming companies are people in the age group of 5-34 years. However, the growth in this industry is occurring in the demographic of 18-34 years (Rye)3.   Who is the served market?The primary target market which Nintendo serves is to the 5-17 year old gamers. However, choice for buying such games lie with their parents, Nintendo also has an indirect target in them (Rye)4. What is the size of the target market?Currently the Video game market is $19 billion dollars, with about $8.4 billion dollar market in US, and $9.8 billion dollar market in the Asia Pacific region (Kolodny 2006)5. How fast is the market growing (%/yr)?PricewaterhouseCoopers predicts that by 2010 the video game market should grow to $46.5 billion. This means an average compount annual growth rate of 11.4%. The US market is likely to grow at the rate of 8.8%, to hit $13 billion in 2010, and the Asia Pacific market is likely to grow at the rate of 12.3% to hit $17.4 billion by 2010 (Kolodny 2006)6.   How far the market is penetrated (%)?Nintendo of America has achieved remarkable market penetration. It's estimated that 40 percent of American households own a Nintendo game system (Brown 2007). Worldwide Nintendo’s market share is 21.2% (Shim 2005)7. What are customers` current needs?Currently the video game customers need games which are aimed at adults rather than kids. The game market for kids, has reached its saturation, and the need of the hour is building games aimed for older people (Borow 2003)8.   What are customers` future needs?In future, with the wider spread in online and wireless games, customers need to have video games which will be less expensive and portable. They would a lso need to have these systems easily run in a network, which is the prime reason for the rage of PC games (Jackson)9.   What are current distribution channels?Nintendo’s products can be either brought off the shelf from various game shops; currently there are many games which could be played online too. In addition, Nintendo also plans to go in for digital distribution with the Wii and Virtual console distribution channels (Nintendo Corporate)10. How price-sensitive are customers?Nintendo was earlier known for price fixing, when the customers were more interested in the product than the price. The advents of wireless and online games have reversed the trend, where the customer goes for buying the least expensive of the products, if the quality is good (Molnar 2007)11.   What is the current pricing strategy?The current pricing strategy of Nintendo is by continuing their investment with the GameCube. This has allowed them to keep hardware development and manufacturing cost s down. This has made theme only current generation console that has profited from the hardware at the time of launch (Molnar 2007)12. What are some market/customer trends?Despite the great figures of growth etc, the market share for the console markets will be decrease with respect to the entire gaming market. This is due to the shifting of customer interests from console games to online and wireless games, which are seeing an explosive growth rate (Kolodny 2006).ReferencesBorow J, â€Å"Why Nintendo won’t grow up†, January 2003,https://www.wired.com/2003/01/nintendo-4/Brown R, â€Å"Achieving a fast Return on investment†, 2007http://www.hytrol.com/web/casestudy.cfm?id=35Jackson, â€Å"Where you should compete†,http://www.lek.com/UserFiles/File/Jackson_ch01.pdfKolodny L, â€Å"Global Video game market set to explode†, 23rd June 2006, Nintendo Market Analysis Who is the market? Nintendo is a gaming company. The company’s gaming is almost entirely concentrated on electronic games and interactive entertainment. Its main products are video games, handheld games and console games (Nintendo Corporate)Who is the target market? The target market of gaming companies are people in the age group of 5-34 years. However, the growth in this industry is occurring in the demographic of 18-34 years (Rye)Who is the served market? The primary target market which Nintendo serves is to the 5-17 year old gamers. However, choice for buying such games lie with their parents, Nintendo also has an indirect target in them (Rye)What is the size of the target market? Currently the Video game market is $19 billion dollars, with about $8.4 billion dollar market in US, and $9.8 billion dollar market in the Asia Pacific region (Kolodny 2006)How fast is the market growing (%/yr)? PricewaterhouseCoopers predicts that by 2010 the video game market should grow to $46 .5 billion. This means an average compount annual growth rate of 11.4%. The US market is likely to grow at the rate of 8.8%, to hit $13 billion in 2010, and the Asia Pacific market is likely to grow at the rate of 12.3% to hit $17.4 billion by 2010 (Kolodny 2006)How far the market is penetrated (%)? Nintendo of America has achieved remarkable market penetration. It's estimated that 40 percent of American households own a Nintendo game system (Brown 2007). Worldwide Nintendo’s market share is 21.2% (Shim 2005)What are customers` current needs? Currently the video game customers need games which are aimed at adults rather than kids. The game market for kids, has reached its saturation, and the need of the hour is building games aimed for older people (Borow 2003)What are customers` future needs? In future, with the wider spread in online and wireless games, customers need to have video games which will be less expensive and portable. They would also need to have these systems e asily run in a network, which is the prime reason for the rage of PC games (Jackson)What are current distribution channels? Nintendo’s products can be either brought off the shelf from various game shops; currently there are many games which could be played online too. In addition, Nintendo also plans to go in for digital distribution with the Wii and Virtual console distribution channels (Nintendo Corporate)How price-sensitive are customers? Nintendo was earlier known for price fixing, when the customers were more interested in the product than the price. The advents of wireless and online games have reversed the trend, where the customer goes for buying the least expensive of the products, if the quality is good (Molnar 2007)What is the current pricing strategy? The current pricing strategy of Nintendo is by continuing their investment with the GameCube. This has allowed them to keep hardware development and manufacturing costs down. This has made theme only current generat ion console that has profited from the hardware at the time of launch (Molnar 2007)What are some market/customer trends? Despite the great figures of growth etc, the market share for the console markets will be decrease with respect to the entire gaming market. This is due to the shifting of customer interests from console games to online and wireless games, which are seeing an explosive growth rate (Kolodny 2006).ReferencesBorow J, â€Å"Why Nintendo won’t grow up†, January 2003,http://www.wired.com/wired/archive/11.01/nintendo.htmlBrown R, â€Å"Achieving a fast Return on investment†, 2007http://www.hytrol.com/casestudy.cfm?id=35Jackson, â€Å"Where you should compete†,http://www.lek.com/UserFiles/File/Jackson_ch01.pdfKolodny L, â€Å"Global Video game market set to explode†, 23rd June 2006,http://www.businessweek.com/innovate/content/jun2006/id20060623_163211.htmMolnar J, â€Å"The Wii Played an impressive opening†, 22nd March 2007,http:/ /blogs.spouting-tech.com/thepensivegamer/2007/03/the_nintendo_wi.htmlâ€Å"Nintendo Corporate†, http://www.nintendo.com/corp/Rye C, â€Å"Market Research: Nintendo DS – Marketing strategy†http://court.ryefamily.net/files/Nintendo-DS-Marketing.docShim R, â€Å"Next-gen Consoles take front stage†, 12th May 2005,  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   http://www.zdnetindia.com/news/features/stories/121828.html

American Farmers in the West essays

American Farmers in the West essays In Americas history, farmers have always played an important role. In the later part of the 19th century, farmers moved to the west. The farmers of the West were economically vulnerable due to factors beyond their control. Environmental conditions greatly affected the farmers economy. The lack of government protection of farmers put the farmers in a difficult economic position. The mortgage companies, which controlled the farmers land, caused the farmers to go further into debt. Mother Natures wrath severely harmed the farmers. First, floods caused the erosion of the land and destroyed the scarce fertile topsoil. Farmers, who were suffering from a loss due to the weather damaging the crops, now had to buy overly expensive fertilizer to repair the land before next seasons crops had to be planted. Second, droughts plagued the trans-Mississippi west. Due to the lack of production due to the lack of water like Powell had warned people, farmers left the farms. One poet describes the conditions of the drought as fifty miles to water. New farming methods called dry-farming had to be used to make use of the land that got little water. The new farming methods ultimately made to soil useless and created the Dust-Bowl. Last, extreme heat caused farmers to abandon their farms. The heat led to a poor production of crops and crops not suited to be sold. Because of the hot temperatures, fires could occur in the dry wheat and rye fields and on the sods twig-thatc hed and sun-baked houses. The dangers of fire, dehydration, and flooding mixed with the insufficient production of crops caused the farmers to leave their farms or stay and live off of virtually a nonproductive piece of property. The lack of government aid and protection of the farmers resulted in the farmers economic sufferings. First, the Homestead Act was supposed to be a g...

Battle of Fishers Hill in the American Civil War

Battle of Fishers Hill in the American Civil War Battle of Fishers Hill - Conflict Date: The Battle of Fishers Hill was fought September 21-22, 1864, during the American Civil War (1861-1865). Armies Commanders: Union Major General Philip H. Sheridan29,444 men Confederate Lieutenant General Jubal A. Early9,500 men Battle of Fishers Hill - Background: In June 1864, with his army besieged at Petersburg by Lieutenant General Ulysses S. Grant, General Robert E. Lee detached Lieutenant General Jubal A. Early with orders to operate in the Shenandoah Valley.   The goal of this was to have Early reverse Confederate fortunes  in the region which had been sustained a blow due to Major General David Hunters victory at Piedmont  earlier in the month.   Additionally, Lee hoped that Earlys men would divert some Union forces away from Petersburg.   Arriving at Lynchburg, Early was able to force Hunter to withdraw into West Virginia and then drove down  (north) the valley.   Entering into Maryland, he pushed aside a scratch Union force at the Battle of Monocacy on July 9.  Ã‚  Responding  to this new threat, Grant ordered Major General Horatio G. Wrights VI Corps north from the siege lines to reinforce Washington, DC.   Though Early threatened the capital later in July, he lacked the forces to mount a meaningful assault on th e Union defenses.   With little other choice, he withdrew back to the Shenandoah. Battle of Fishers Hill - Sheridan Takes Command: Weary of Earlys activities, Grant created the Army of the Shenandoah on August 1 and appointed his cavalry chief, Major General Philip H. Sheridan, to lead it.   Composed of Wrights VI Corps, Brigadier General William Emorys XIX Corps, Major General George Crooks VIII Corps (Army of West Virginia), and three  divisions of cavalry under Major General Alfred Torbert,  this new formation received orders to eliminate Confederate forces in the Valley and render the  region worthless as a source of supplies for Lee.   Moving south from Harpers Ferry, Sheridan initially showed caution and probed to ascertain Earlys strength.   Leading four  infantry and two cavalry divisions, Early misinterpreted Sheridans early  tentativeness as  over-caution and permitted his command to be strung out between Martinsburg and Winchester. Battle of Fishers Hill - Gibraltar of the Shenandoah Valley: In mid-September, having gained an understanding of Earlys forces, Sheridan moved against the Confederates at Winchester.   In the Third Battle of Winchester (Opequon) his forces inflicted a severe defeat on the enemy and sent Early reeling south.   Seeking to recover, Early reformed his men along Fishers Hill just south of Strasburg.   A strong position, the hill was situated at a point where the valley narrowed with Little North Mountain to the west and Massanutten Mountain to the east.   Additionally, the north side of Fishers Hill possessed a steep slope and was fronted by a creek named Tumbling Run.   Known as the Gibraltar of the Shenandoah Valley, Earlys men occupied the heights and prepared to meet Sheridans advancing Union forces.    Though Fishers Hill offered a strong position, Early lacked sufficient forces to cover the four miles between the two mountains.   Anchoring his right on Massanutten, he deployed the divisions of Brigadier General Gabriel C. Wharton, Major General John B. Gordon, Brigadier General John Pegram, and Major General Stephen D. Ramseur in a line extending east to west.   To bridge the gap between Ramseurs left flank and Little North Mountain, he employed Major General Lunsford L. Lomaxs cavalry division in a dismounted role.   With the arrival of Sheridans army on September 20, Early began to realize the danger of his position and that his left was extremely weak.   As a result, he began making plans for a retreat further south to begin on the evening of September 22.      Battle of Fishers Hill - The Union Plan: Meeting with his corps commanders on September 20, Sheridan rejected mounting a frontal assault against Fishers Hill as it would cause heavy losses and had a questionable chance of success.   Subsequent discussions resulted in a plan to strike Earlys right near Massanutten.   While this was endorsed by Wright and Emory, Crook had reservations as any movement in that area would be visible to the Confederate signal station atop Massanutten.   Adjourning the meeting, Sheridan reconvened the group that evening to discuss a thrust against the Confederate left.   Crook, with support from one of his brigade commanders, future president Colonel Rutherford B. Hayes, argued in favor of this approach while Wright, who did not wish his men to be relegated to a secondary role, fought against it.   When Sheridan approved of the plan, Wright attempted to secure leading the flank attack for VI Corps.   This was blocked by Hayes who reminded the Union commander that VIII Corps had spent much of the war fighting in the mountains and was better equipped to traverse the difficult terrain of Little North Mountain than VI Corps.   Resolving to move forward with the plan, Sheridan directed Crook to begin quietly moving his men into position.   That night, VIII Corps formed in heavy woods north of Cedar Creek and out of sight of the enemy signal station (Map). Battle of Fishers Hill - Turning the Flank: On September 21, Sheridan advanced VI and XIX Corps towards Fishers Hill.   Nearing the enemy lines, VI Corps occupied a small hill and began deploying its artillery.   Having remained concealed all day, Crooks men commenced moving again that evening and arrived at another concealed position north of Hupps Hill.   On the morning of the 21st, they ascended the east face of Little North Mountain and marched southwest.   Around 3:00 PM, Brigadier General Bryan Grimes reported to Ramseur that enemy troops were on their left.   After initially dismissing Grimes claim, Ramseur then saw Crooks men approaching through his field glasses.   Despite this, he refused to send more forces to the left end of the line until he discussed it with Early. In position by 4:00 PM, Crooks two divisions, led by Hayes and Colonel Joseph Thoburn, commenced their attack on Lomaxs flank.   Driving in the Confederate pickets, they quickly routed Lomaxs men and pressed on towards Ramseurs division.   As VIII Corps began to engage Ramseurs men it was joined on its left by Brigadier General James B. Ricketts division from VI Corps.   Additionally, Sheridan directed the remainder of VI Corps and XIX Corps to pressure Earlys front.   In an attempt to rescue the situation, Ramseur directed Brigadier General Cullen A. Battles brigade on his left to refuse back to face Crooks men.   Though Battles men mounted a fierce resistance, they were soon overwhelmed.   Ramseur then sent Brigadier General  William R. Cox’s brigade to aid Battle.   This force became lost in the confusion of the fight and played little role in the engagement. Pressing forward, Crook and Ricketts next rolled Grimes brigade as enemy resistance faltered.   With his line shattered, Early began directing his men to withdraw south.   One of his staff officers, Lieutenant Colonel Alexander Pendleton, attempted to mount a rearguard action on the Valley Turnpike but was mortally wounded.   As the Confederates retreated in confusion, Sheridan ordered a pursuit in the hopes of dealing Early a fatal blow.   Chasing the enemy south, the Union troops finally broke off their efforts near Woodstock. Battle of Fishers Hill - Aftermath: A stunning success for Sheridan, the Battle of Fishers Hill saw his troops capture nearly 1,000 of Earlys men while killing 31 and wounding around 200.   Union losses included 51 killed and around 400 wounded.   As Early escaped south, Sheridan commenced laying waste to the lower part of the Shenandoah Valley.   Reorganizing his command, Early attacked the Army of the Shenandoah on October 19 while Sheridan was away.   Though the fighting at the Battle of Cedar Creek initially favored the Confederates, Sheridans return later in the day led to a change in fortunes with Earlys men being driven from the field.   The defeat effectively gave control of the valley to the Union and eliminated Earlys army as an effective force.    Selected Sources Civil War Trust: Battle of Fishers HillShenandoah at War: Battle of Fishers HillHistoryNet: Battle of Fishers Hill

Exercise in Revising Descriptive Sentences

Exercise in Revising Descriptive Sentences This revision exercise will give you practice in writing with specific descriptive details. Instructions Heres the opening sentence from a students report on what she saw one afternoon on a city street: One brisk afternoon in late September, I took a walk down Prospect Street. What follows are six sentences from the students first draft. Revise each of these sentences according to the suggestions. If you think one of your new sentences is too long, break it up into two or three shorter sentences. Of course, theres no single set of correct answers to this exercise. Rely on your imagination to create details that are precise and vivid. Prospect Street Music thudded out of the shop and mingled with some of the other noises of the city. Identify the kind of music that thudded out of the shop, name the shop, and give specific examples of the other noises of the city. Garbage danced along the sidewalk and lay crushed against the curb. For the word garbage, substitute specific examples of litter. A woman reading a book was sitting there. Briefly describe the woman, identify the book she was reading, and specify where she was sitting. Steam blew out of the air vents of a restaurant, carrying with it various smells. Name the restaurant, and identify some of the smells coming out of it. An old man was talking to Annie, even though he was walking by himself. Describe the old man in more detail. A red-faced man was pleading with a traffic cop as the cop was doing something. What was the cop doing? The answers to this exercise are limited only by your imagination. Example Rewritten Descriptive Sentences Electro-pop  thudded out of Shikis Fashions and mingled with the noise of growling engines, pneumatic drills, and people gossiping, arguing, and bargaining on the busy street.Garbage danced along the sidewalk and lay crushed against the curb: cellophane chip bags, crumpled cigarette packs, wine bottles, empty soda cans, and yellow foam boxes from a burger joint.A shrunken woman, with ragged hair bobby-pinned to her skull, was sitting on the curb, moving her lips as she read a romance novel.Steam blew out of the air vents at Dwights Diner, carrying with it smells of coffee, chili, and chicken noodle soup.An old man with a scraggly beard was arguing loudly with a woman he called Annie, even though he was walking by himself.A red-faced man was pleading with a traffic cop, who was calmly filling out a jaywalking ticket.

NON-EMERGENCY TRANSPORT PAYMENT PROCESS & GROWTH PowerPoint Presentation

NON-EMERGENCY TRANSPORT PAYMENT PROCESS & GROWTH - PowerPoint Presentation Example The company has some set objectives, solutions to problems, and set alternatives to better its services to customers. The breakdown is as depicted in the presentation. Destination care aims at providing better quality services to customers to widen its market share and productivity. The need to set objectives and work to achieve them is a key undertaking of the company, aimed at improving the quality of services offered. Destination Care has a vast focus on the expansion of market share, through widening the customer base. The company is consistently generating new ideas to help improve their revenue streams, and simultaneously better their servicing, public image, and productivity. One of the ways of improving their market share is through the introduction of a variety of payment options. Destination Care has experienced a limiting factor, which is offering only two payment options, cash, and checks. It has hindered the growth of the organization since more and more customers opt for other payment methods, such as the electronic methods. Customers prefer much-simplified systems, such as the electronic means, which is much convenient as opposed to checks where one must await their processing. The company also aims to widen its market coverage through social media promotion. The company plans to better its market share through informing potential customers about their services and new systems. Through this methodology, the company will maximize its revenues, initiated by the wider market for services. Destination Care has a major focus on simplifying their systems and making them easier to use. It will help improve their productivity and better their public image. One of the set plans to achieve this is the introduction of various payment options, which will enable customers to pay their bills easily and conveniently. The current payment systems hinder growth of the organization, and they limit its productivity since some of

Operating System and Notepad Essay Example | Topics and Well Written Essays - 750 words

Operating System and Notepad - Essay Example There are many uses of an operating system but this paper will focus upon the use of operating system related to Word Pad. "WordPad is a simple proprietary word processor that is included with almost all versions of Microsoft Windows from Windows 95 upwards. It is more advanced than Notepad, which is a rather basic text editor, but much more simple than Microsoft Word. It originated in Windows 1.0x as Write." ( Wikipedia, 10 September 2008). Word Pad provides the user with numerous facilities like formatting and printing the foramtted text. A user is free to choose the text size, the font script which suits his/her requirements the best, if a user makes any mistake, it can instantly be rectified within no time. The margin facility is also at the disposal of an user, with the help of which an user can start any sentence away from the margin or can also perform various other functions. There are many other facilities provided by Word Pad, these facilities include, bold, italics, underl ine and a host of other facilities. The spell check facility is the most amazing facility where in the user can correct his/her mistake instantly. "Notepad is a common text-only (also referred to as plain text) editor. The resulting files - typically saved with the .txt extension - have no format tags or styles, making the program suitable for editing system files that are to be used in a DOS environment." ( Wikipedia, 10 September 2008). Notepad also provides the user with many facilities but its biggest drawback is that the user cannot format the text in notepad, notepad does not provide the facility of formatting the text but on the other hand the facility of copy/paste is the backbone of notepad, the copy/paste feature helps in more ways than one. Notepad allows the user to edit almost any format text file, which makes various tasks easier for any user. Notepad is also very helpful in website building, its capy/paste feature makes website building very easy.

Urbanisation Essay Example | Topics and Well Written Essays - 250 words

Urbanisation - Essay Example For instance, introduction of or change of EU migration policies with the aim of restricting free movement of its members within registered states would significantly reduce mass migration effects (Kern, 2014, p. 1). Besides migration policies, enactment of protective environmental policies including social protection strategies would help in reducing related effects such as poverty and inadequate social amenities (UK Government, 2011, p. 135). In addition, structured social protection policies would enhance livelihood of Britons and migrants as they adapt to effects of mass migration. It is imperative for UK government to possess the responsibility of urban regeneration through paying of urban facilities improvements. The government collects enormous taxes from citizens that should be applicable in implementation of urban development policies including improvement of facilities such as schools, transport systems, and hospitals. Such responsibility would be domineering in ensuring government’s standard service to its citizens. Moreover, since the government has foremost responsibility of subduing migration and its effects, they should ensure maintenance and regeneration of urban facilities to meet citizens’ needs. Consequently, UK government have the foremost and legal responsibility of improving and ensuring subsequent maintenance of urban facilities. Kern, Soeren., March 7, 2014. Britain: Mass Immigration Leaves Towns and Cities Unrecognizable. Gatestone Institute. Web. April 27, 2015 Retrieved from http://www.gatestoneinstitute.org/4205/britain-immigration UK Government., 2011. Foresight: Migration and Global Environmental Change (2011): Migration and Global Environmental Change Future Challenges and Opportunities. Final Project Report. Web. April 27, 2015. Retrieved from

Summarizing Four Articles Essay Example | Topics and Well Written Essays - 1000 words

Summarizing Four Articles - Essay Example Similarly, reducing the abuse and use of drugs cannot solely be achieved by the efforts of the department of health alone, but requires the integration of the political players, the public health and those in the public policy to establish an integrated approach that can be applied to face the problem of drugs (Tarantola, 1). The national drug problem cannot also be addressed through the establishment of good drug treatment and rehabilitation services, since even though such efforts might help to address the problem of those who are already addicted to drug use, the approach does less to prevent the use of drugs by those who have not yet started using drugs (Reuter and Pollack, 341). The combined efforts of the police and the researchers in social crimes is an important concept towards addressing social crimes such as vandalism, drug and alcohol use, owing to the fact that such combined efforts serve as complimentary efforts that makes identifying and alleviating social crimes much e asier, than when the police department is left to address the crimes on its own (Baker and Wolfer, 47). According to the article, â€Å"Community Governance an Organized Approach to Fighting Crime†, by Joe Reiss, the police department on its own cannot be able to fight social crimes effectively, while the adoption of the community policing strategy either, may not be too helpful (Reiss, 8). The City of Anaheim in California is a good example of how the integrated efforts of the police, community policing and other city departments can help address social crimes. In this city, the combined efforts of the police, community preservation department, the public works department, the utilities department and the office of the attorney, reinforced by the community policing efforts made it possible to reduce the social neighborhood crimes by almost 80% in the 2000s (Reiss, 9). Through increased coordination and

SECURITY ISSUES IN RED HAT ENTERPRISE LINUX Dissertation

SECURITY ISSUES IN RED HAT ENTERPRISE LINUX - Dissertation Example The intention of this study is security as a key concern for enterprise Information technology (IT) managers with a regular apprehension to keep the systems properly updated and configured to prevent unwarranted exploitation from outsiders. OpenSCAP implements an open Source of Security Content Automation Protocol (SCAP) framework for creation of uniform approach for maintains secure systems. A lot people are paying a lot attention on security matters particularly in governments to ensure their systems are well guarded and are not exposed to uncalled for bugs and exploits. With OpenSCAP, the open source community is leveraging a number of different components from the security standards ecosystem to enable the framework. In order to avoid all sorts of attacks, this research indicates some security issues of the system and software configurations in the Red Hat Enterprise Linux (RHEL) such as OpenSCAP, Security Audit system and some OpenSCAP tools, which play a vital role in the Linux security domain. Grasping these skills not only can help the administrator defend from the potential security risk making the environment more secure but also can understand the concepts of security deeply promoting the development of computer security. The world of computer security has changed dramatically in the last few years, and one of the greatest challenges now facing CIOs and IT directors is the task of maintaining the security of their IT environments. The effects of a security breach can be catastrophic, including unplanned downtime and the resulting loss of service, a potentially significant financial impact, and the loss of sensitive and confidential information. This problem has been compounded by the proliferation of networked PCs and servers as well as the growing intelligence of malicious software that seeks to exploit and expand throughout the Internet infrastructure. Companies such as Red Hat are releasing new technologies and tools to address the needs of system administrators responsible for managing the security of large numbers of geographically dispersed systems. For example, technologies such as Position Independent Executables (PIE) and Exec Shield help protect against buffer overflows, a tactic frequently employed by attackers to infiltrate and compromise flawed software programs. Another technology, Security Enhanced Linux (SELInux) prevents users and applications from damaging an entire system by enforcing security policies at the kernel level (Farrell, 2003). On the tools front, Red Hat Network, a key part of Red Hat Enterprise Linux, provides system administrators a way to review information about security vulnerabilities and proactively apply relevant security measures and other updates to large numbers of Red Hat Enterprise Linux systems easily and efficiently. With recent technologies, applications can be shielded in environments which do not expose them to: Potential flaws that may be inherent in the application

Summarizing Four Articles Essay Example | Topics and Well Written Essays - 1000 words

Summarizing Four Articles - Essay Example Similarly, reducing the abuse and use of drugs cannot solely be achieved by the efforts of the department of health alone, but requires the integration of the political players, the public health and those in the public policy to establish an integrated approach that can be applied to face the problem of drugs (Tarantola, 1). The national drug problem cannot also be addressed through the establishment of good drug treatment and rehabilitation services, since even though such efforts might help to address the problem of those who are already addicted to drug use, the approach does less to prevent the use of drugs by those who have not yet started using drugs (Reuter and Pollack, 341). The combined efforts of the police and the researchers in social crimes is an important concept towards addressing social crimes such as vandalism, drug and alcohol use, owing to the fact that such combined efforts serve as complimentary efforts that makes identifying and alleviating social crimes much e asier, than when the police department is left to address the crimes on its own (Baker and Wolfer, 47). According to the article, â€Å"Community Governance an Organized Approach to Fighting Crime†, by Joe Reiss, the police department on its own cannot be able to fight social crimes effectively, while the adoption of the community policing strategy either, may not be too helpful (Reiss, 8). The City of Anaheim in California is a good example of how the integrated efforts of the police, community policing and other city departments can help address social crimes. In this city, the combined efforts of the police, community preservation department, the public works department, the utilities department and the office of the attorney, reinforced by the community policing efforts made it possible to reduce the social neighborhood crimes by almost 80% in the 2000s (Reiss, 9). Through increased coordination and

Criminal Law Mens Rea Essay Example | Topics and Well Written Essays - 2500 words

Criminal Law Mens Rea - Essay Example The topic statement is lifted from Glanville Williams Criminal Law: The General Part [2nd ed. 1961]. A perusal of the topic shows that it runs counter to another statement in the same text which shows the belief of the author that the concept of mens rea is an index of maturity of our legal system. The correlation to the various justifications of punishment or purposes of criminalization does not at all compute when considered from the various vantage points and time frames of the said justification theories. The mental element of crime may be significant for one purpose or the other but the same way that the various purposes do not conjoin with any one crime, the element of mens rea will not be relevant to all the justifications and purposes. The cardinal principle of criminal law is that 'a wrongful act does not make a person guilty unless his mind is legally blameworthy.' There must not only be a wrongful act (actus reus), but with it must also concur intent (mens rea, Latin: the guilty mind; a guilty or wrongful purpose; a criminal intent1). Actus non facit reum nisi mens sit rea.2This is so because evil thoughts are condemnable and punishable only when they are sufficiently dangerous to society and only when translated into evil deeds. From a practical vantage point, there is really no way for any legal system to sanction evil thoughts. Blackstone confirmed this: " "[A]s no temporal tribunal can search the heart, or fathom the intentions of the mind, otherwise then as they are demonstrated by outward actions, it therefore, cannot punish for what it cannot know And as a vicious will without a vicious act is no civil crime, so, on the other hand, an unwarrantable act without a vicious will is no crime at all. So that to constitute a crime against human laws, there must be, first, a vicious will; and secondly, an unlawful act consequent upon such vicious will."3 Again, for Glanville Williams, mens rea is significant of (legal) civilization.4 The existing ideals of justice require that a person should only be punished where he intended to commit the unlawful act. This is a simplistic formulation because if strictly adhered to persons committing crimes in ignorance of criminal law would not be held liable. This situation would result to impossibility in implementing the law. This led to the adoption of presumptions to govern the matter. The burden to prove the existence of a criminal state of mind is lodged upon the prosecution in most offences except those of strict liability. Mens rea does not mean 'wickedness' in any moral or general sense.5 On the other hand, good motive does not provide defence to what is otherwise criminal.6 Mens rea is a legal jargon that refers to a number of states of mind that the law treats as criminal, each of which is related to or accompanies the ingredient of the actus reus of the offence. This concurrence is what gives rise to criminal liability. These states of mind that are relevant to establishing criminal liability are: 1) intention, 2) recklessness and 3) gross negligence about consequences and they represent the fault element of crime. Knowledge of the surrounding circumstances may form part of the mens rea. Not every ingredient of actus reus of a statutory offence has a mens rea counterpart;

Entrepreneurship the purist most challenging application of the art and science of business. Essay Example for Free

Entrepreneurship the purist most challenging application of the art and science of business. Essay Corporate America repeatedly cites the ‘lack of entrepreneurial skills’ as the single biggest deficiency in MBAs – something that we fix in this course. Entrepreneurial skills and knowledge are mandatory for creating your own venture (for-profit or non-profit) , creating a new business unit within an existing enterprise, creating a new product or service offering and  launching it, or for just being a much more inventive and creative desk jockey in a lumbering, bureaucratic human cesspit of non-productive activity. The conception and start-up stage of a new organization is a critical stage of the company’s life-cycle. It is the time for the venture to pull itself together and get up and running in time for ‘opening day’. It is an extremely busy time in the venture’s life, requiring a thorough understanding, application, and execution of your MBA concepts skills. In this capstone course we examine the idea of entrepreneurship, its symbiotic existence with Corporate America, the origin of new (company) concepts, setting up the new legal entity, raising funding from outside investors or donors, developing and writing a comprehensive business plan, and pitching your concept to a panel of seasoned investors or potential donors. Some key topics include: (1) demographics for small businesses, (2) conceiving and understanding a sound ‘business model’, (3) financial forecasting and modeling for new start-ups, (4) cash flow management in start-ups, (5) term sheets, (6) the venture capital business, (7) multiple funding rounds, (8) start-up company valuations, (9) liquidation preferences, (10) leveraging strategic alliances, (11) the role of the Board of Directors, (12) restricted stock, stock options, and 83(b) elections, and (13) creating and leveragor) presentation that will be delivered to a panel of professional investor/donors at the conclusion of the course. CAP5802 will be delivered as a combination of lecture and discussion. The instructor demands active participation from the class members. COURSE OUTLINE Important note: The detailed descriptions of all assignments along with all exercises are found on the (new) Moodle course site. Session 1: Monday, 26 August 2013 Introduction and Orientation How the course will be conducted Classification of businesses Small business demographics What is entrepreneurship and why should you be highly interested in this subject? Major assignments and due dates †¢ Concept Description Abstract – Due on 23 September 2013 †¢ Business Plan Outline – Due on 7 October 2013 †¢ Interview with Entrepreneur Write-Up – Due on 14 October 2013 †¢ Prospectus – Due on WEDNESDAY by NOON, 4 December 2013 †¢ Final Business Plan – Due on MONDAY, 9 December (in class) 2013 †¢ Live PowerPoint Presentation – 9 December 2013 [No class on Monday, 2 September – Labor Day] Session 2: Monday, 9 September 2013 The Entrepreneurial Mind and Process Entrepreneurial Resilience during Challenging Times How Entrepreneurs Craft Strategies That Work Apple’s Core Case Study Iggy’s Bread of the World Case Study Session 3: Monday, 16 September 2013 Recognizing and Screening the Opportunity Background Note: Note on Business Analysis for the Entrepreneur ZOOTS: The Cleaner Cleaner Case Study Session 4: Monday, 23 September 2013 The Business Plan HBR Article: How to Write a Great Business Plan Business Plan for Room for Dessert Case Study Your Concept Description – Abstract Due Session 5: Monday, 30 September 2013 The Founder and the Team – HR Matters NanoGene Technologies, Inc. Case Study Session 6: Monday, 7 October 2013 Legal Matters the Start-Up Ecosystem Background Note: Legal Matters and Entrepreneurship †¢ Corporate law firms †¢ Intellectual property (IP) law firms The Start-Up Ecosystem †¢ Certified public accountants (CPAs) †¢ The Board of Directors †¢ The Advisory Board †¢ Key business partners Smartix(A): Dancing with Elephants Case Study Smartix(B): The Last Dance Smartix(C): Rethinking the Negotiations Smartix(D): Reflections from the Other Side of the Table Business Plan Outline Due Tonight Session 7: Monday, 14 October 2013 Financing the Venture PunchTab Inc. Case Study Interview with Entrepreneur – Write-Ups Due Fall Break is 15 – 18 October 2013. Session 8: Monday, 21 October 2013 Capitalization of the Start-Up, Part 1 Session 9: Monday, 28 October 2013 Capitalization of the Start-Up, Part 2 Session 10: Monday, 4 November 2013 Capitalization of the Start-Up, Part 3 Session 11: Monday, 11 November 2013 Growing the Business What Entrepreneurs Get Wrong Facebook Case Study Gordon Biersch Case Study Gordon Biersch – New Challenges and Opportunities Case Study Session 12: Monday, 18 November 2013 Investment Decision Making Walnut Venture Associates (A): RBS Group Investment Memorandum Walnut Venture Associates (B): RBS Due Diligence – Customers Walnut Venture Associates (C): RBS Due Diligence – Market Size Walnut Venture Associates (D): RBS Deal Terms Thanksgiving Week break is 25 – 29 November 2013. No class on 25 November. Session 13: Monday, 2 December 2013 Documentary (movie): â€Å"Start-Up.com† Session 14: Monday, 9 December 2013 Final Presentations COMMENTS ON CAP5802 – ENTREPRENEURSHIP IMPORTANT: YOUR HOMEWORK ASSIGNMENTS ARE DUE IN HARD COPY IN CLASS ON THE SPECIFIED DUE DATE. LATE ASSIGNMENTS WILL BE MARKED DOWN—SEE GRADING POLICY BELOW. Your workload in this course will be ‘above average.’ That we meet only one time per week for three hours implies that you will have a week’s worth of homework to do in between class meetings – unlike the homework load that you would receive in a course that meets multiple times per week. Specifically, †¢ I expect you to attend all of our classes. †¢ I expect you to arrive on time and remain in class until we are finished with the session. †¢ I expect you to arrive with your material fully prepared – this requirement is critical. †¢ I expect you to participate actively and effectively in class. †¢ I expect you to demand of yourself and your fellow class members complete fidelity to high personal ethical standards. †¢ I expect you to keep your cellular telephone out of our classroom – or with you, but powered off. †¢ I do not expect you to ever leave the classroom to accept or return a telephone call. †¢ I expect all team work and responsibilities to be evenly distributed among the team members. †¢ I expect all individual-specified exercises to be completed by you independently with no assistance received from anyone else. CAP5802 GRADES There is no final exam in CAP5802. Instead, we have the final presentations from each start-up concept. Four factors play into your grade computation in CAP5802: (1) your homework scores – watch those tricky computational problems, (2) your write-up of your interview with an entrepreneur, (3) your completed business plan – which should be sufficiently tantalizing to cause the general partners of Kleiner Perkins Caulfield (who successfully funded Genentech, Amazon, and Google, among others) to salivate, and (4) a stunning live presentation during our final class meeting – which should convince even the most risk averse grandmother to allocate a chunk of her retirement stash to fund your promising venture. (1) CLASS PARTICIPATION We have 23 articles/case studies that we use to supply some of the vital content to this course. I expect you to give every one of them a thorough read and analysis. I encourage you to discuss them with your team members. I will call on you in class – whether or not you raise your hand – and ask you to answer questions or to explain concepts/situations in the assigned readings. I will score your response on a three-point scale as follows: 3: brilliant 2: adequate 1: needs improvement (2) HOMEWORK ASSIGNMENTS Your home work assignments are due in class in hard copy on the specified due date. I will penalize you for late homework assignments. That is how the real business world works. If you are going to be out of town, always complete and turn in your assignment EARLY. When you are LATE with your homework assignments, you lose points in the computation of your final grade. No appeals allowed. The point value for each homework question is noted in (*) next to the question. You will find all of the homework assignments on the course site. (3) INTERVIEW WITH ENTREPRENEUR Each team will find an authentic entrepreneur – someone who has started their own business/organization and currently is running the business or non-profit organization. The business/organization can be anything ranging from an ice cream truck to a non-profit social service organization that provides outplacement services to displaced investment bankers. I will provide you with the list of questions for the interview. You only need to find the willing entrepreneur (they generally love to talk about their businesses) and complete the interview – then write it up. (4) COMPLETED BUSINESS PLAN FOR YOUR VENTURE Each team will compose a comprehensive, professional-quality business plan for their business concept. There are two important milestones/due dates for the business plan assignment: (1) the brief plan outline due date, (2) the completed plan due date – the last class meeting. (5) CORPORATE OVERVIEW PRESENTATION OF YOUR VENTURE Your team will present your ‘corporate overview/launch plan’ during our final class meeting. You will be graded on the originality, content, and delivery of your concept. We expect to have a judging panel present – comprising demanding, unreasonable investor-types – to critique your concepts CAP5802 GRADE COMPUTATION There are five sources of points that are used in your final course grade computation: (1) Class participation points – as noted above. I will tally up your points, and normalize your grand total over 50 possible points. (2) Homework Assignment points – as noted with each HW assignment question. I will add up your total homework points, divide this total by the total possible homework points, and arrive at a final percentage score for your homework. (3) 50 points for your entrepreneur interview write-up (4) 100 possible points for your business plan, distributed as follows: Quality of idea = 10 pts Compelling market opportunity = 10 pts Organization of plan = 10 pts Clarity of plan = 10 pts Financial analysis = 10 pts Marketing plan = 10 pts Sales and distribution plan = 10 pts Competitive analysis = 10 pts Sales/revenue forecast = 10 pts Surviving CAP5802 = 10 pts (5) 100 possible points for you final presentation, distributed as follows: Originality and cleverness of the presentation = 20 pts Running within the allotted time = 20 pts Richness of content = 20 pts Presentation delivery = 40 pts Note that your presentation scores will be a compilation of our guest judges’ scoring. History indicates that the judges are rather severe scorers. I will assign final course grades based on your final total point tally: Total possible participation score (%): 50 points Total possible homework (%): 100 points Total possible interview with entrepreneur: 50 points Total possible written business plan: 100 points Total possible live presentation: 100 points A splendid time is guaranteed for all.

Rmb Appreciation On Chinas Import And Export Economics Essay

Rmb Appreciation On Chinas Import And Export Economics Essay Introduction Money is an important factor in peoples life. Similarly, the currency also plays a significant role for the countries economy , particularly for the import and export trade among the countries. The exchange rate is an important factor for economic balance adjustment in an open economy,the exchange rate policy not only can be used to adjust trade flow and trade balance,but also can be used to adjust the trade structure.Historically,the developing country normally use the depreciation currency as the competitive advangtage in the early stages of development.However, the exchange rate adjustment on the import and export trade is conditional,whether the change of exchange rate can affect trade or not which depend on rate transmission mechanism.China has been focusing on the role of the exchange since its reform and opening up,after several major exchange rate adjustments, exchange rate movements has been an important role to reverse the trade deficit and change the unfavorable situation of trade in china. In recent years,most of the countries were carrying on the exchange rate reform, adjusting the domestic currency on the foreign exchange rate, seeking some more development opportunities for the countrys economy and the import-export trade. As we know,Chinas currency-RMB plays a significant role in the worlds economy. On July 21, 2005, the Chinese government announced on the exchange rate system will be reformed, abolishes the exchange rate system which fixed on u.s. dollar, and implements the management floating exchange rate system. From October 31, 2007, the RMB changed exchange rate tagainst US dollar revalued from 8.1100 to 7.4692 at the same day which announcement of the reformation of exchange rate, until to the record low 6.7899 recently, RMB has experienced many transformations in the several years. At the same time, the RMB appreciation has also had many influences to chinese peoples normal life. For several years, people always discuss the advantages and disadvantages of exchange rate reformation, especially for the potential influence of the chinas import and export trade.,for example:textile,clothing,toys which is labor-intensive and meager profit. So far, exchange reform had been through more than two years, there was a lot of influence for each aspect of chinese economy caused by exchange reformation. This article will studies the reasons for the RMB appreciation and the development of chinas import and export trade, and discuss the influence and solution of RMB appreciation on chinas import and export trade. Chapter 1 The overview and relationship with the RMB appreciation and import and export trade The RMB appreciation,it means the Yuans exchange rate against foreign currencies has been decreased.In recent years,china has been through continuous adjustment of RMB exchange rate policy to stimulate the RMB appreciation.Meanwhile,on the whole world situation,the exchange rate of dollar against euro is also increase continuously,and other countries currency rate have also been adjusted during these years. Import and export trade is a business which different countries (and/or region)exchange different goods and services with each other.Import and export trade is the international transfer of goods and services.Import and export trade is composed by two parts of the import trade and exports trade.Import and export trade is a countrys trade method of external sales of domestic products and buy or exchange goods from and other countries.It is a necessary trade means between the different countries.The country can export the goods which have their own countries advantage,and import the goods from other countries that they do not have the production advantages,thus to achieve a equal supply and demand relationship When a countrys currency appreciate,this currencys position will be changed in the world market at same time.If one currency exchange rate has benn changed against with other countries currency, directly affects the trend of import and export trade between the two countries.then the export and import trade trends would be changed between the two countries,which making a direct change in the value of imports and exports between the two countries. When the currency appreciate,if the price of N unit commodity is N before,then the pirce is N+ or N- after the appreciation.Meanwhile, the number of import or export goods quantity is M in the past,corresponding to become M+ or M- now.It can be seen intuitively:the currency appreciation has caused the amount of currency and goods changed in a direct way during the import and export trade.As a price ratio between one currency and another currency,the influence of exchange rate appreciation or depreciation will be directly transmitted to the import and export of goods service and price,which will affect the size and growth rate of imports and exports. In general, the currency appreciation is conducive to expand import,inhibit the export;and the currency depreciation is conducive to increase exports,decrease imports. Because there are many factors can affect the volume and price on a countries import and export trade,for example,the major trade partners economic outlook,market demand and supply,financial and price situation,the national trade and investment policies(such as export tax rebates,interest rates,quota and license management, etc.)changes,and other supply or demand elasticity factors,therefore, short-term fluctuations of the exchange rates impact on exports and imports are usually not large.But if the exchange rate has changed to one direction in a long period, hen the impact on the export and import growth will be significantly demonstrated. The exchange rate are free floating in many countries.However,the most mature economies are ofter try to maintain their exchange rate stablely.If the exchange rate fluctuate too much,then it is difficult to control the costs in the transaction for importers and exporters,which is not good for import and export trade. In the past 20 years,Chinas RMB exchange rate have had a few adjustments,but has maintained stable generally,which has provided a good condition for the import and exports steady growth.In 1994,the first exchange rate reform has made RMB exchange rate back to a reasonable level.Since then,the government has implement a managed floating policy for RMB exchange rate,and floating direction is upward basically.In the middle of 1995, the RMB against the U.S. dollar has appreciated nearly 4.5 percentage, and Chinas imports and exports trade has grew rapidly during these period,exports began to appear large surplus.After the Asian financial crisis 1997,because the Chinese government promised RMB would not depreciate,the RMB has appreciated at least 15% against a basket of currencies.By the influence of financial crisis and the real exchange rate appreciation,Chinas export growth rate has decreased a lot,and trade surplus reduce at the same period.Since then,the RMB began to lock on U.S doll ar for a long term.After 2002, Chinas imports and exports began to grow again.Throughout these 20 years,we can find that whenever there was a substantial change in the exchange rate,import and export growth rate will appear a significant growth or slow down in this period.However, Chinas import and export has grew rapidly,especially in the last six years,and the growth are mainly depend on some factors such as the internal and external markets demand and supply,industrial transfer and progress, the competitiveness promotion and foreign trade policy and institutional.Some Chinese and other countries scholars have used several mathematical models to analysis the influence of RMB appreciation on Chinas import and export of,although they obtained different data results,but most think that there is a certain relevance between RMB real exchange rate fluctuations and import and export trade.When the appreciation and depreciation rate is lower than 5%,the impact of the exchange rate on expo rts and imports is not significant.But appreciation or depreciation arte of RMB is large,the effect will be large relatively.Impact range is generally 1:0.5-0.8.[1] In other words, the RMB revaluate 10 percent,export growth rate should slow down 5-8 percent by this appreciation effect,and imports growth rate should speed up 5-8 percentage points in general. According to the experience of several changes in the nominal exchange rate and real exchange in the past years in china,and consider the effects of supply and demands elasticity is very low for Chinas import and export commodities,a greater proportion of processing trade,the obvious advantage of industry concentration degree,the level of productivity and management continued to improve,the export advantage product still have much price space to negotiate and other factors,the write estimates the actual impact of RMB appreciation levels (factor) on export and import might be lower, should be in the range 1:0.3-0.4,which means if RMB appreciate every 10 percent,and export growth rate will be slow down by 3-4 percentage points by this effect,the growth rate of imports in should speed up 3-4% in general. Chapter 2 The influence of RMB Appreciation on Chinas Import and Export Growth The influence of exchange rate movements on export trade is mainly through the price adjustment mechanism conduction, but there are the many factors can effect this mechanism transmission.In china,the processing trade is always after imports raw material and machinery equipment,which produced in China again and then re-export, therefore, there is a large proportion of import raw materials in the processing trade, and this is also because the current stage of economic development caused in china.But with the upgrading of industrial structure in China and the rapid development of basic industries, the needs of raw materials in export products,components and semi-finished products will be produced by more chinese domestic manufacturers, and the adjustment of the exchange rate will also have some expansion effect on the export trade.The impact of currency appreciation on exports are: When the production of export goods are produced by their own countrys raw materials and the situation of the currency is devaluating in domestic country, the currency exchange rate appreciation would significantly increase the price of export commodities, resulting in reduced export;if the value of currency is stable in domestic country, the currency appreciation would lead to increasing the price of the foreign currency of export commodities, resulting in reduced the amount of the exports goods;but if the value of domestic currency appreciate,wthether the export price of foreign currency rise or not,and the scope size of rise are caused by both of the rate of domestic currency appreciation which make the local price of exports goods decrease, and the range of rising of foreign currency import prices as the appreciation domestic currency,.If the former is larger than the latter, then the exports will increase; if the former is equal to the latter, then there is no affect on export; if the former is lower than the latter, the amount of export good will be reduced.However,When the raw m aterials of production come from overseas, the relationship between the impact of currency appreciation on exports and the proportion of imports raw materials in export production is inversely,if the proportion is large, then the effect of reducing export caused by exchange rate appreciation will be small,vice versa. Since chinas exchange rate mechanism has reformed on 21 July 2005, the exchange rate of RMB has appreciated cumulatively 11.4% to U.S. dollar, 8.2% to the euro, 9.7% against the Japanese Yen,and appreciated 11.5% to the Hong Kong dollar until 15 November 2007. If according to the weighted average of the amount of Chinas foreign trade, then the appreciation of weighted RMB exchange rate is probably 6.1%,and the annual appreciation rate is less than 3%. So far, under the situation which RMB has not appreciated too much,there is no big fluctuation for Chinas import and export.The author has collected the quarter of import and export data form 2005 to 2007,(see table below). In 2006, Chinas total exports grew 27.2% than the previous year, and the rate of growth has dropped 1.2% against 2005; the amount of import grew 20.0%,and rate of growth increased 2.4 than previous year,respectively.From January to October in 2007,Chinas export grew 26.5%, almost the same as last year; and the imports grew 19.8% which dropped 1.1% compared to the same period last year. The main reason of recession of export speed-up against the previous two years is that the Chinese government has increased the resource tax for the part of resources export commodities, adjusted tax reimbursement for export and policy of processing trade,.as both of the Chinese domestic investment demand and the prices of resource imports products has improved, so there was a sligh t increase in the import growth rate. Quarterly growth of import and export since RMB appreciation Unit:100 million U.S. dollars Month Export Import Amount Compared to the same period last year Amount Compared to the same period last year Third Quarter 2007 2040.5 29.1 1753.1 19.6 Fourth Quarter 2007 2156.4 21.7 1821.2 22.2 First Quarter 2008 1972.7 26.6 1739.4 24.8 Second Quarter 2008 2313.5 24.1 1933.9 18.4 Third Quarter 2008 2627.5 28.8 2140.2 22.1 Fourth Quarter 2008 2780.8 29.0 2103.3 15.5 First Quarter 2009 2520.1 27.7 2056.4 18.2 Second Quarter 2009 2946.6 27.4 2285.6 18.2 Third Quarter 2009 3315.6 26.2 2583.4 20.7 Fourth Quarter 2009 3612.3 29.2 2681.7 27.5 Data source: Customs statistics According to the different countrys which do international trade with china,except the growth rate of export to Japan has been sluggish in recent years, the exports trade from China to European Union United States, Hong Kong and other staple market grows strongly,and imports trade grows steady. According to the customs statistics from January to September in 2009,the export growth rate from China to EU and ASEAN grows fast which is more than 30% in the top 5 largest trading partners, and is 10%,15% and 20% higher than to Hong Kong, the United States and Japan,respectively, In addition to strong economic growth in the EU and the ASEAN,it is also because RMB appreciated not too much against the EURO,obviously. Meanwhile,there is no big difference of imports growth rate for the countries which import production from china these years, shows that the impact for import of these countries from china is limited caused by RMB appreciation.Overall, if we can take out other factors, the influe nce of small RMB appreciation on the import and export can be ignored. From January to September 2009, the trade between China and other main countries Unit:100 million U.S. dollars National or Regional Export Growth ¼Ã‹â€ % ¼Ã¢â‚¬ ° Import Growth ¼Ã‹â€ % ¼Ã¢â‚¬ ° European Union 1755.2 30.8 806.2 21.7 United States 1699.9 15.8 513.7 15.1 Japan 739.8 11.1 979.6 16.3 ASEAN 674.8 31.7 790.5 21.5 Hong Kong,China 1322.2 21.6 92.3 15.6 Data source: Customs statistics According to the report from import and export enterprises,although they may feel some pressure from small appreciation of RMB, but generally the customer would consider a certain of RMB appreciation factors when they sign for the export contracts.They still concerned more about market trends and export tax rebates, and other policy changes.However,the import enterprises feel that there is not too much stimulation for imports on the small RMB appreciation,which is so small influence compared to the change of real price of imported goods. If the RMB exchange rate continued to appreciate slowly,the total impact on Chinas export and import growth will be still limited. First of all,the world economy continues to grow steadily,the investment and consumption are still hot in China,both of the domestic demand and external demand of china are quite strong which influence Chinese economy much more than the changes of RMB exchange rate; Secondly,the processing occupies nearly half proportion of Import and Export, and this part of imports and exports does not effected by the exchange rate changes; Third, enterprise and market has prepared to take the pressure from RMB appreciation;Fourth, the improve of industrial technology and labor productivity could be offset some influence on the RMB appreciation, making the export cost do not rise quickly;Fifth, China has the comprehensive competitiveness which could make the processing export industry can not be replaced easily by other countries in the short period, and making china al so has the pricing power in some kind s of the export products. Under some market pressures,if exchange rate of RMB against the U.S. dollar appreciate more than 10% in the end of 2010,and trade-weighted exchange rate increased over 15% at the same time,then there will be a significant impact on chinas exports and imports,and it will be difficult for Chinese company to export some low value-added goods or some exports products which depend on low-cost competition,but the competitiveness of imported goods would be increased.In this regard, every import and export company concern about exchange rate. According to the data(coefficient) of change of RMB exchange rate which has been calculated above, the growth rate of import may be 3% to 5% higher than in 2008 and 2009,but the growth rate of exports may be 4% to 6% lower than in 2008 and 2009.Foreign trade on GDP growth,and the pulling effect of foreign trade on GDP growth from will be under a certain influence,but this effect will be still under an affordable range.Unless the major turmoil or crisis occurs again,or there will not appear the situation which the amount of export decrease sharply like in 1998s Asian financial crisis . In the long run,through the transmission and regulation of prices,RMB appreciation will cause different influence on the growth rate of import and export, commodity structure,trade patterns and the trade-related investment in China. 2.1 The beneficial effect of of RMB appreciation on foreign trade growth Firstly,The RMB appreciation can improve the trade conditions. With the trade surplus increase rapidly, Chinas terms of trade are deteriorating in recent years. A survey report from Commerce Department shows that from 1998 to 2008 the overall terms of trade index of china has decreased by 13% as the 2003 is base period. Which terms of trade of manufacture fell by 14%, primary products decreased by 2%.The export price index and imported goods price index are 104.7 ,109.7 in 2008,respectively.Terms of trade index is 95.4% in 2008 which is lower than 98.8% in 2007.This means that the rate of Chinas export prices of import prices is falling, so china must export more goods as to exchange for the same amount of imported goods,and loss national welfare during the foreign trade.In recent years, Chinese government leads the investment in fixed assets always staying at a high level. The proportion of Imported energy and raw materials, primary products,high-tech chemical products, machinery an d transport equipment, manufactured goods increased sharply.Recent years, the unit dollar price of most of the primary products,capital,and technology-intensive products have increased a lot.From 1998 to 2008, the import price index rose by 19%, which manufactures increased by 20%, primary products increased by 16% in China. Meanwhile,the rapidl development of Chinese economy has led import demand increase fast,and caused the price of international material and technology-intensive products rise,further caused the term of trade worse. RMB appreciation will lower prices of imported goods,especially lower the price of raw materials and high-tech equipment,then companies will introduce the technology faster,improve production efficiency, carry on more product replacement and achieve products upgrade quicker than before.At the same time, because most imports will used to be re-exported,and with the improve of enterprise productivity and export product quality,it is helpful for extending the Chinese enterprises from low-end products chain to high-end chain,improving the terms of trade simultaneously. This will help chinas enterprise using world resource better and increase the national welfare.Overall,it will enhance the international competitiveness of Chinese products. Secondly,the RMB appreciation can optimize the commodity structure of foreign trade. At present, Chinas trade structure is very irrational, most of enterprises are labor-intensive and with low technology, the only port of high-tech and deep processed export products are still have some short processing and low value-added problems, and real high-tech equipment and intermediate inputs are still imported from other countries, and nearly 80% of profit not belong to the chinas re-produced enterprise.However,The RMB appreciation would reduce the cost of enterprises independent development,promote the technological upgrading indirectly,enhance their core competitiveness, thus accelerate the pace of industrial upgrading, promote export structure adjustment. Thirdly,RMB appreciation will increase the wages of worker,which will make it easier for attracting high-tech employee.under the independent innovation and technological promotion in China,the foreign entrepreneur will choose to invest high tech industry first, so that Chinas industrial structure and export commodity structure will be optimized.The next point is that the RMB appreciation will help Chinese enterprises for promoting the oversea investment.As the enterprise must use the local currency so that they can invest in other countries,so RMB appreciation reduces the cost of oversea investment significantly, and enhance the enterprises international purchasing power and foreign investment capacity, create the condition for those enterprises who wants to develop their business. Finally,RMB appreciation will make service industry and service trade develop better,then the low value-added,poor management,and low efficiency enterprise would be kicked out effectively.It also change the situation which industry (mainly the second industry) aggregate most of the resources, , thus contributing to change Chinas industrial structure to service industry easily and promote service industry develop rapidly,then make coordinated development of service trade and merchandise trade come to ture,and improve the competitiveness of whole country in the end.  Ã‚  Ã‚  Ã‚   2.2 The adverse effects of of RMB appreciation on foreign trade growth RMB appreciation, it means the amount of Yuan exchanged form U.S. dollar will be less and less, then for the exporter,it is the same theory that the amount of Yuan exchanged from one U.S. dollar goods is less than before because of RMB appreciation.Therefore, there will be a certaion influence on the profits of exporter. If from importers angle,the amount of Yuan to purchase one U.S. dollar goods is decreasing,so the cost of imports drop, and profits rise. However,because industry and cost structure are different,we need to distinguish the adverse impacts of RMB appreciation on different export enterprises.The growth of resource commodities, part of the staple agricultural products and low value-added manufactured exports slow down or even fall,there would be some adverse effects on the income for export agricultural farmers and part of low-skilled workers.Some large-scale complete sets of equipment needs 5-10 years from contract to delivery,and the payment time may be longer.If the RMB maintain appreciation trend in a long-term,it is difficult for enterprise to predict the long-term exchange rate,however the financial institution only provide foreign exchange hedging instrument in one year generally,so the enterprise has to undertake more exchange rate risks and avoid risks. There is a fundamental negative impact of RMB appreciation on textile export. Textile products have been the number one of Chinas exports for a long time.Until 2005, textile trade surplus is still higher than the entire foreign trade surplus.The textile industry has always been the backbone of chinas export trade,industry export dependence up to 50%.However,most of the textile exports are based on low labor cost and price advantage,the profit margins is not high. According to the calculations from Chinas first textile website, if RMB appreciate 1%, the then the amount of textile industry sales would fall 2% to 6%.From January to October 2006,the overall profit margin of Chinas textile exports is 3.9%, if the speculation was right, then 5% of appreciation of RMB,and the textile industry profit margins will drop 10% at least. Therefore, if RMB appreciate more than 10%, it will cause an obviously impact on textile industry.However, some low-tech enterprises will quit this industry under this low profit export siutation, forcing the textile companies to enhance the added value of products,construct brand concept, improve their core competitiveness.In the long run, in order to improve Chinas textile industrys competitiveness in the international market,Chinese government must catching this good opportunity of good economy development trend in china,using the large amount of international surplus,and start the structural adjustment in the textile industry. The growth of most raw material products export will be slowed.The majority of chinas raw materials export products have less competitive in price,and has strong dependence on the exchange rate.For example, paper, cotton, ferrous metal(steel, crude steel, manganese,etc.), aluminum,lignin ornament and so on.RMB appreciation will make these primary products, raw materials products exports growth to slow down,also have a negative impact on economic growth in the short-term.RMB appreciation will also reduce the amount of export of crude oil, refined oil, timber, copper, gold and other resource-based goods,then it will cause the rate of unemployment and the banks bad debts increase,and other related effect. [5] Because china do not have too much resource which normally used in high energy and high-polluting industries. The excessive export of resource products will increase intense contradictions in using coal and gas in a short time.It will increase the pressure of environment and resour ce, which is not good for the sustainable development of economy in the long-term. The electrical appliance industry will suffer lots of loss for export.Chinas electrical appliances has the Comparative advantage due to the relatively low-cost,so that China has become an important production base for the home appliances giants.Sales of appliances industry is mainly depend on the international market,and export has become a major demand source for household appliances industry.The RMB appreciation a tremendous negative impact on the electrical appliances products export,cause its low profit margins drops further. If the exchange rate of the Yuan appreciate rapidly,then the impact on export and import growth may not be so mild. First, the export growth rate may result in significant downturn,then there will be big shock not only for the resource,low price and the low value-added goods, but also for the whole export processing industry.Secon,it possible to stimulates the large quantities of goods imported, impact the chinas domestic markets and cause a certain deflation. Finally,it will be the psychological effect on people from the impact of trade.The production cost will transfer to the price on the international market,so the exchange rate appreciation will not affect too much for this kind of products profits.The appreciation of the RMB increase the international enterprises cost in china,but these enterprises have relative cost advantage in the international market,which has the minimal impact on the international traders profit. However,the normal people will think that the price of made in china has increased a lot as the appreciation of RMB,and the business people will think that they could not earn much money from china imported products,thus it will cause real adverse effects for Chinese exports. Chapter 3 The marco countermeasure of RMB Appreciation on Import and Export 3.1 The adjustment of marco financial policy about RMB appreciation Firstly,Chinese government should expand the government expenditure and promote pull effect of chinas domestic demand on economic development.In recent years,due to the investment scale on iron and steel, electrolytic aluminum, cement, real estate has grew fast,and has caused the price of upstream products and raw materials rose too high,for instance,the price of electricity, oil and transportation has became extremely high. Although the investment is better than the consume for economic growth,but in the composition of chinas domestic demand that investment must be under control.Therefore,the stimulating domestic demand policy should be focus on consumption.But the income gap between the rich people and poor people in china which make many people can not afford some consumption even they want to consume. Since that it is difficult for the common people to consume more in short run, therefore,the important task of expanding domestic demand should be taken by Government.Since a long t ime, why the Chinas consumption is always weak,not only because government consumption expenditure is not high,but also because social security system does not work very well for the consumers.Therefore,china must reform their public finance expenditure patterns,under the situation which the whole social investment is overheat,the financial expenditure should be changed from investment to consumption,and the financial expenditure should withdraw from the competitive field of investment as soon as possible,then put more financial resource on the public goods.Therefore,the writer think the public expenditure should be invested in the following key areas:First,the manufacturing industry which can support development of the economy for a long time;Second, increase the government financial expenditure on health systerm,old-age pension and social security welfare,in order to reduce the peoples long-term financial budget and saving,then they can expand their consumption;Third,the governmen t should decrease the farmers burdens and handle the problem of agriculture,farmer and rural area well. Secondly,china must adjust the consumption tax,reduce the export tax rebate rate and the trade surplus.At present,China is still in economic transition,there is still a large gap between china and other developed countries,and social security level is still very low.Meanwhile, because the economic opening time is short which is only more than 30 years,the influence of traditional culture on enterprise and consumer is still large,and the relationship between investment and consumption is quite conservative,an

Sayo Masuda’s Autobiography of a Geisha Essay -- Sayo Masuda Autobiogr

Sayo Masuda’s Autobiography of a Geisha Autobiography of a Geisha was originally written for a memoir competition run by the Japanese magazine Housewife’s Companion. Sayo Masuda wrote and submitted her manuscript in hopes of winning the monetary prize offered. She won second place in the competition and came to the attention of an editor who helped her expand her story and publish it as a book. Riding on the wave of interest stirred by Arthur Golden’s Memoirs of a Geisha, G. G. Rowley translated Sayo Masuda’s tale for the American market. Rowley did an excellent job of capturing Masuda’s voice in his translation. If English had been Masuda’s native language, the result might easily have been Rowley’s translation. Masuda’s tale is heart-wrenching. First sent to work as a nursemaid as a small girl, Masuda escaped the torments of that life only to be sold to a hot-springs geisha house. At the hot-springs geisha house, Masuda was again a tormented soul, barely above a prostitute. Her danna, or patron, was hardly a rescuer. Masuda chafed against her role, even attempting suicide to release herself from serving a man for whom she had neither love nor respect. The advent of World War II eventually freed Masuda from the life of a geisha, but her tale continued to be one of hardship. Masuda took on the responsibility of looking after her little brother and traded various goods on the black market to support her brother and herself. When times were hard, Masuda prostituted herself to American soldier s. She eventually found a job at a diner, but life continued to be a struggle until she wrote her autobiography. Masuda endured much during her lifetime and is unflinching in her writing. Readers should expect to come away from Autobi... ...en from the perspective of the geisha elite and hold true for the upper echelons of the geisha world alone. Readers should enjoy Masuda’s book while keeping in mind that her experiences do not hold true for all geisha, only for the hot-springs geisha, the dregs of the geisha world. Works Cited â€Å"Autobiography of a Geisha (Book).† Kirkus Reviews. 71.5 (March 1, 2003). Gavin, William F. â€Å"Irish intrigue, geisha woes, Canadian angst.† The Washington Times. Masuda, Sayo. Autobiography of a Geisha. Trans. G. G. Rowley. New York: Columbia University Press, 2003. Napier, Susan J. â€Å"Autobiography of a Geisha Book Review.† Persimmon Magazine. Palmer, Kimberly Shearer. â€Å"Geisha reality.† Women’s Review of Books. 20.12 (September 2003): 14.