The Little-Known Secrets to Help with Dissertations

The Little-Known Secrets to Help with Dissertations Help with Dissertations Features For instance, some public relations firms wish to see journalism degrees. For instance, if you have a look at top-tier MBA programs, you will discover the most prosperous graduates are twenty-somethings with a couple years of corporate or military experience. Our affordable custom made dissertation help on the internet is flexible and tailored to suits the requirements of a student. When you take a look at the university of chicago press. Custom writing means a severe company with high standards. There may also be business letters and perhaps even para-legal documents to be drawn up that only an expert writer should deal with. It's rare to locate an on-line custom writing agency that provides high quality papers at very affordable prices. If your library does not provide access to the dissertation you're searching for, learn more on the subject of dissertation ordering options. 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Personal Statement School Three Days After My Dad s Death

Trying to be strong-minded, I asked to go back to school three days after my dad s death. I remember getting on the bus and everyone s eyes were on my siblings and I. Life had gone on the same around us, but yet everything in my family s life had changed drastically. I remember when I first sat down and the girl in front of me named Zoey turned around to speak to me. She was several years younger than I and lacked a filter as so many innocent children do. She looked at me and asked, How did your dad die? I remember immediately feeling overheated and while I had been trying hard to act like nothing had changed, I felt that a bus had slammed into me again. I felt sadness the most in my dad s death; but I also felt a strong sense of†¦show more content†¦One could say that pain truly matures a person for a ten-year-old to have this perspective. As I sat there looking at the clock I remember how tears began to roll down my cheeks without warning. I did not make a sound, but they were there. Our desks were arranged so that they were facing other students. I remember the uncomfortable looks of two of my guy friends as they tried to avert their attention from my tears. Eventually, I knew I was about to break down and asked if I could leave the classroom. As soon as I stepped outside of the door, my mask came off, and my favorite teacher who taught third grade was there to hold me as I cried. Even as I cried, I felt embarrassment. Part of the reason that I repressed my emotions was because that felt like the only way I could get through this world of pain. My mom was a stay-at-home parent. She now had three kids to raise alone, with no college degree. Feelings of injustice, discontent, depression, and anger filled my home. The pain was too much for me to face. So I did everything that I could to avoid feeling the pain. When everything around me changed, and my family became broken, I became apprehensive about my life. Even as a fourth grader, I was aware that t he cost of college was extreme to the extent that I started a piggy bank with the purpose of saving for college. There were no leftover savings, as we had declared bankruptcy in 2005. My mom applied for a job as

Sarbanes Oxley Essay Example For Students

Sarbanes Oxley Essay Effects of a widening trade deficit and the necessary government policyTrade Gap Widens, Fuels Calls for Tougher Stance on China WSJ, 4/13/05, A2. The U.S. current account (trade deficit) hit a monthly high rising 4.3% in February to $61.04 billion. The increased deficit reflects the rising costs of imported oil and increased consumer demand for foreign goods. Imports rose by $2.58 billion from January to February as Exports remained constant. The widening trade deficit over the past two years has economists concerned about the longevity of attracting foreign capital. This is especially true between China and the U.S. where the deficit has increased 50% from 2004, making it the largest deficit of any single country. As a result, there is pressure from industry officials to consider stronger trade guidelines to correct for this widening deficit. The U.S. cites the fixed yuan-dollar exchange rate for keeping Chinas currency relatively weak and therefore encouraging the consumption of Chinese goods in world markets. The U.S. government is considering a 27.5% tariff on all Chinese products entering the U.S. if Beijing refuses to raise the value of their currency. This purpose of this tariff would be to offset Chinas currency advantage, but critics argue it may increase the price of Chinese-made goods more than a currency adjustment. To assess the validity the proposed policies for this scenario, we will analyze this issue usin g intermediate economic theory as a framework. The current account is of great concern to U.S. policymakers as a long-run surplus or deficit may have undesirable effects on the national welfare. Large imbalances can also create political pressures for increased trade restrictions, as is the case in our study. Therefore, it is important to determine how monetary and fiscal policies will affect the current account with respect to output and the exchange rate. We can illustrate the relationship between the exchange rate, output, and the current account in terms of the AA-DD framework. The XX curve shows the combinations of the exchange rate and output where the current account balance would be equal to some desired level (equilibrium). The XX schedule is upward sloping because, ceteris paribus, an increase in output encourages spending on imports and worsens the current account if it is not accompanied by currency depreciation. The point labeled A, is where the graph is in equilibrium and the economy is at full employment (Yf) with a given exchange rate, Eo. Points to the left of the XX schedule indicate a current account surplus, while points to the right indicate a current account deficit. The result of an increase in money supply is illustrated by point B, while a temporary fiscal expansion would result in point C. The DD-AA model assumes that a real appreciation in domestic currency immediately improves the CA, while a real appreciation causes the CA to worsen. A more realistic approach to this is illustrated via a J-curve. The J-curve is constructed under the assumption that a countrys current account worsens immediately after a real currency depreciation, and that there is some lag before it improves months later. The following illustration shows a more realistic response to the current account. The lagging response of the current account to fluctuations in the exchange rate makes it difficult to analyze the exact causes of the widening current account. How ever, there are several economic factors that we know are responsible for this increasing deficit with China. In an effort to help bring the economy out of a recession in recent years the U.S. has been increasing the money supply by lowering interest rates. As a result people have been spending more money and consuming more. This increase in consumption has sparked increased demand for imports and consequently the U.S. has been spending more on imports especially with Chinese-made products. This would not be a real big problem if the U.S. had also been able to increase their exports; however exports remained relatively constant while imports continued to grow. With concerns of inflation now plaguing the U.S., the Fed has decided to increase the pace at which they increase interest rates. This action is necessary to control for runaway inflation and attempts to reduce the money supply. The result of this action is an appreciation of the dollar exchange rate. The following illustratio n shows the relationship. .u69d5ee38beb0ac606c11f4ba644d8400 , .u69d5ee38beb0ac606c11f4ba644d8400 .postImageUrl , .u69d5ee38beb0ac606c11f4ba644d8400 .centered-text-area { min-height: 80px; position: relative; } .u69d5ee38beb0ac606c11f4ba644d8400 , .u69d5ee38beb0ac606c11f4ba644d8400:hover , .u69d5ee38beb0ac606c11f4ba644d8400:visited , .u69d5ee38beb0ac606c11f4ba644d8400:active { border:0!important; } .u69d5ee38beb0ac606c11f4ba644d8400 .clearfix:after { content: ""; display: table; clear: both; } .u69d5ee38beb0ac606c11f4ba644d8400 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u69d5ee38beb0ac606c11f4ba644d8400:active , .u69d5ee38beb0ac606c11f4ba644d8400:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u69d5ee38beb0ac606c11f4ba644d8400 .centered-text-area { width: 100%; position: relative ; } .u69d5ee38beb0ac606c11f4ba644d8400 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u69d5ee38beb0ac606c11f4ba644d8400 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u69d5ee38beb0ac606c11f4ba644d8400 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u69d5ee38beb0ac606c11f4ba644d8400:hover .ctaButton { background-color: #34495E!important; } .u69d5ee38beb0ac606c11f4ba644d8400 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u69d5ee38beb0ac606c11f4ba644d8400 .u69d5ee38beb0ac606c11f4ba644d8400-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u69d5ee38beb0ac606c11f4ba644d8400:after { content: ""; display: block; clear: both; } READ: Reflections on AngloSaxon Life Essay The resulting effects of the appreciated dollar and therefore the price of foreign goods being cheaper makes the current account balance even more likely to have a deficit since foreign goods will be cheaper than domestic goods in some instances. The proposed tariff on imported goods, more specifically a 27.5% tariff on Chinese-made goods will attempt to make the consumer indifferent between foreign and domestic goods as the prices of the two goods will be more similar. This will cause the current account to head back towards equilibrium. In order for the current account to reach a condition more like point A in Illustration 1, China will have to appreciate their currency. There are several ways which China could try to appreciate their currency, but the most likely would be to lower interest rates and thereby increase their money supply. By doing so they would be able to appreciate their currency and avoid the U.S. imposing a 27.5% tariff on all Chinese goods which may have undesira ble long-term effects and may also negatively effect U.S.-China relations.

Walt Disney a Short Biography Essay Example

Walt Disney: a Short Biography Essay Walt Disney: A Short Biography Walt Disney was a man with a vision. I have chosen Walt Disney because of his contribution to the history of the United States of America. He is a legend, and a hero to some. The Disney name has come to represent creation, optimism, and creation. Walt completely changed the film industry and a television pioneer, and he helped the country create a much greater appreciation for family morals and values. Walt Disney was born in Chicago Illinois to his parents Elias and Flora Disney on December 5th 1901. Walt was one of five children. Right after Walt was born the family moved to Missouri to the town of Marceline. Walt lived most of his childhood in this town. At a very young age had an interest in art, he would spend hours drawing and sketching, and would even try to make a little money by selling his artwork to neighbors. When he reached 15 he started to pursue his art career by attending McKinley High school in Chicago where he studied photography and art. Times were always a little tough for the Disney family. Walt’s father was a very stern man, and since there was often little money made matters even worse at times. Although times were always a little tough Walt’s mother always encouraged Walt and his brother Roy to pursue their talents as artists. At the age of 16 Walt tried to enlist in the military, he was rejected because he was underage, but that did not stop Walt. Walt then joined the Red Cross and was then sent overseas to France. Walt spent a year in France chauffeuring around Red Cross officials helping the war effort and also driving an ambulance. We will write a custom essay sample on Walt Disney: a Short Biography specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Walt Disney: a Short Biography specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Walt Disney: a Short Biography specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The ambulance that Walt drove was covered from front to back in cartoons that Walt had drew and sketched. After returning to the United States from France, Walt began to pursue a career in commercial art. He started a small company by the name of â€Å"Laugh-O-Grams† which failed. He then traveled to Hollywood with 20 dollars and a suitcase full of clothes to try to start again. Once in Hollywood he had a break with his â€Å"Alice Comedies†, and soon became a recognized figure in Hollywood, soon after Walt married a woman by the name of Lillian Bounds in 1925. Lillian was one of Walt’s first employees and soon after they had two daughters by the names of Diane and Sharon. In 1932 Walt created a production called â€Å"Flowers and Trees† which was the first ever color cartoon and won Walt’s studio its first academy award. He released another color cartoon in 1937 called â€Å"The Old Mill† which was the first short cartoon to utilize the â€Å"multi-plane camera technique†. Later that year Walt released â€Å"Snow White and the Seven Dwarfs† which was the first ever full length musical animated movie. The movie was a huge success and earned a staggering $1, 499, 000 dollars in the middle of the depression. Today snow white is still considered one of the greatest movies of all time because of how it has lasted throughout the years. During the next five years Walt Disney Studios released other classics such as Pinocchio, Fantasia, Dumbo, and Bambi. With the success of Walt Disney Studios, Walt had another dream, and that dream was to create a clean, family friendly and organized amusement park. His dream soon became true when Disneyland opened its doors in the summer of 1955. Walt also became a television pioneer with television production starting in 1954 and was the one of the first to offer color programming with the â€Å"Wonderful World of Color† which aired in 1961. Walt Disney was a true American pioneer and success. A man that would not accept failure as an option, embraced the American tradition brought the future to us with his films. His legacy lives on till this day and will most likely continue on into the future.

Dubliners Essays - The Sisters, James Joyce, Priest, Catholic Church

Dubliners Essays - The Sisters, James Joyce, Priest, Catholic Church Dubliners Literature is constantly showing its readers aspects of people and societies that would not normally be shown to the public. The various aspects of society that writers choose to focus on are done for a reason. Whether or not it is a positive or negative aspect of society doesn't hold any significance. The only thing that matters in society is why writers choose to focus on the subjects that they do. Most writers are trying to push their readers further by challenging them with an aspect that the reader may overlook in everyday situations. In his Dubliners, James Joyce uses the function of religion in society to show how corruption has overtaken the Irish. Joyce portrays the immoral and corrupt role of the priests in society to show the hypocrisy behind the Irish Catholic Church, and all that it supposedly stands for. Joyce's symbolism of the physical features and sexual connotations of the priests in The Sisters, Ivy Day in the Committee Room, and in Grace, provides readers with an example of how deceiving these honorable religious figures truly are. In The Sisters, Joyce describes the physical features of Father Flynn to show how other characters felt uncomfortable in his presence. It seems that Father Flynn's company are almost repelled to him: When he smiled he used to uncover his big discoloured teeth and let his tongue lie upon his lower lip a habit which had made me feel uneasy in the beginning of our acquaintance before I knew him well (13). This quote shows the awkwardness of Father Flynn's physical appearance. The discoloured teeth shows that the priest wasn't hygienic, when in reality priests are supposed to be purified and cleansed. The teeth show that corruption exists in Father Flynn, because he hasn't followed the regulations of priesthood. Another unexpected characteristic of an Irish priest is seen in Father Keon. He is described as being almost seductive with other men and women of the Church, 'No, no no!' said Father Keon, speaking in a discreet indulgent velvety voice. 'Don't let me disturb you now! I'm just looking for Mr. Fanning' (126). Priests are supposed to abstain from the physical pleasures of life. However, the description Joyce makes of Father Keon suggests that his mind is full of corrupt notions. He speaks in an indulgent velvety voice, which allows the reader to imagine the priest as almost seductive and deceitful. Another sexual connotation made by a priest is seen in Grace with Father Purdon. The role of a priest is to guide those who are confused and in need of help for spiritual guidance. A priest states the rights and wrongs of life and teaches others to forgive one as well as ask for forgiveness from God. However, Father Purdon's values do not comply with those stated above. It seems as though he is too accepting of the sins of life: He understood our little failings, understood the weakness of our poor fallen nature, understood the temptations of this life (174). Father Purdon's decision to understand the temptations of this life shows that corruption does exist in his church. People usually come to priests for forgiveness from sinning, but with Father Purdon, these people do not need to ask for forgiveness because he understands the temptations that exist. This characteristic is completely hypocritical with the Irish Catholic Church. Sins aren't accepted by God, but are rather forgiven by God. Father Purdon doesn't teach this idea to his congregation, which shows that his mind and beliefs are just as corrupt as those who come to him for understanding are. The hypocrisy that exists between these three priests proves that corruption is a common characteristic of the honorable priests in the Irish Catholic Church. The imagery and descriptions in Araby and The Sisters expose the immorality and wrongs of religion in Ireland through Father Keon and Father Flynn. It is the lack of actions that exist in Father Keon's life that show the irony in priesthood. The aspect on the presence of money shows the selfishness and deceit that exists among Irish priests. The absence of charity in Father Keon's life represents the lack of honor in his life as well: He had been a very charitable priest; in his will he had left all his money to institutions and the furniture of his house to his sister (29). It is wrongful for a priest to save his money all his life, when in reality a priest is supposed to be dedicated to

The Most Commonly Read Books in High School

The Most Commonly Read Books in High School No matter what type of high school you attend- be it public, private, magnet, charter, religious schools, or even online- reading is going be at the core of your English studies. In todays classrooms, students have a wide range of books to choose from, both modern and classics. If you compare the readings lists in all schools, you might be surprised to learn that the most commonly read books in all high schools are all very similar. Thats right! Course work for private schools and public schools (and every other school) are all very similar. No matter where you go to school, youll likely study classic authors like Shakespeare and Twain, but some more modern books are appearing on these lists, including The Color Purple and  The Giver.   Commonly Read High School Books Here are some of the books that most often appear on high school reading lists: Shakespeares Macbeth is on most schools lists. This play was mostly written when Scottish James I ascended the throne of England, much to many Englishmens chagrin, and it tells the tale of Macbeths fearful regicide and his ensuing guilt. Even students who do not relish Shakespearean English appreciate this lively tale, filled with murder, scary nights in a remote Scottish castle, battles, and a riddle that isnt solved until the end of the play.Shakespeares Romeo and Juliet is also on the list. Familiar to most students because of modern updates, this tale features star-crossed lovers and adolescent impulses that appeal to most high school readers.Shakespeares Hamlet, a story of an angst-ridden prince whose father has been murdered by his uncle, also tops independent schools lists. The soliloquies in this play, including to be or not to be, and what a rogue and peasant slave am I, are known to many high school students.Julius Caesar, another Shakespeare play, is featured on many schoo ls lists. It is one of Shakespeares history plays and is about the assassination of the Roman dictator Julius Caesar in 44 B.C. Mark Twains Huckleberry Finn has been controversial since its release in the United States in 1885. While some critics and school districts have condemned or banned the book because of its perceived vulgar language and apparent racism, it often appears on high school reading lists as a skillful dissection of American racism and regionalism.The Scarlet Letter, written by Nathaniel Hawthorne in 1850, is a tale of adultery and guilt set during Puritan rule of Boston. While many high school students have a difficult time wading through the sometimes dense prose, the surprise conclusion of the novel and its examination of hypocrisy often make it ultimately appealing to this audience.Many high school students enjoy F. Scott Fitzgeralds 1925 The Great Gatsby, a riveting and beautifully written tale of lust, love, greed, and class anxiety in the Roaring Twenties. There are parallels to modern America, and the characters are compelling. Many students read this book in English class while they are studying American history, and the novel provides insight into the moral values of the 1920s. Harper Lees 1960 classic To Kill A Mockingbird, later made into a wonderful movie starring Gregory Peck, is, simply put, one of the best American books ever written. Its tale of injustice written through the eyes of an innocent narrator grabs most readers; it is often read in 7th or 8th grade and sometimes in high school. It tends to be a book students remember for a long time, if not for the rest of their lives.Homers The Odyssey, in any one of its modern translations, proves difficult going for many students, with its poetry and mythological narrative. However, many students grow to enjoy the adventure-filled tribulations of Odysseus and the insight the tale provides into the culture of ancient Greece.William Goldings 1954 novel The Lord of the Flies is often banned because of its essential message that evil lurks in the hearts of man–or in this case, the hearts of boys who are marooned on a deserted island and turn to violence. English teachers enjoy mining the book for its symbolism and its statements about human nature when it is unchained to society. John Steinbecks 1937 novel Of Mice and Men is a sparsely written tale of two mens friendship set during the Great Depression. Many students appreciate its simple, though sophisticated language, and its messages about friendship and the value of the poor.The youngest book on this list,  The Giver  by Lois Lowry was published in 1993 and was the 1994 Newbery Medal winner. It tells the story of a 12-year-old boy who lives in a seemingly ideal world but learns about the darkness within his community after receiving his life assignment as the Receiver.  Another more recent book, compared to many of the others on this list, is  The Color Purple. Written by Alice Walker and first published in 1982, this novel tells the story of Celie, a young black girl born into a life of poverty and segregation. She endures incredible challenges in life, including rape and separation from her family, but eventually meets a woman who helps Celie change her life.

CCEI1220P4 Essay Example | Topics and Well Written Essays - 500 words

CCEI1220P4 - Essay Example This was a cognitive test, which Jacob failed. He never made any effort to think and search where the rattle was hidden, but instead he chose to cry. It was also an emotional test for Jacob to look for toys beyond his tracking area, which he also failed. As a baby, we would expect things to come easy for him, but he should have also endeavoured to find the toys at least. Based on the findings I made in activity 1, some of the actions that I will take when planning activities for Jacob are enhancing the classroom to ease movements, improve the kinds of toys that Jacob plays with and also establish games that could improve the cognitive development of Jacob. When enhancing the classroom, I will install things such as maps or directions on the floor to indicate where I have hidden the objects to make it easier for Jacob to find them. I will also introduce Jacob to toys such as building blocks. Cognitive games such as stacking blocks or emptying and filling objects can enhance motor learning, spatial awareness and effect, as well as cause. Through such games, infants, such a Jacob, can learn to be deliberate with their movement actions. Finally, I will incorporate games such as hide-and-seek, which can help Jacob learn analytic skills. I will ask Jacob to hide something in the trashcan or in another site away from where they are and ask other students t o find it. Also, this can teach language, as well as direction-following skills. Writing summaries of narratives is perhaps the most flexible ways or techniques of presenting a story. Summaries of narratives do not essentially tie the teacher down to chronological order, the way dramatisation and dialog do, nor do they need a focus on one specific feature of the tale, as descriptions normally do. This makes summaries of narratives one of the most prominent tools in an author’s toolbox, as well as one of the trickiest. Narrative summaries aid in coming up action plans in that they

Divorce in the Pentateuch Essay Example | Topics and Well Written Essays - 2000 words

Divorce in the Pentateuch - Essay Example This essay will critically analyze what the Pentateuch has to say on the topic. According to the Creation story it would appear that divorce was not a part of God’s plan when he created man and woman. â€Å"This is why a man leaves his father and mother and clings to his wife, and the two of them become one body† (Genesis 2: 24). If marriage was meant for two persons to be as one body then divorce would be viewed as an illness since it was making the body less wholesome. ‘If a man, after marrying a woman and having relationships with her, comes to dislike her, and makes monstrous charges against her and defames her by saying, â€Å"I married this woman, but when I first had relations with her I did not find her a virgin,† (Deut 22:13 – 14). The woman is viewed as an object and is always the property of the man whether it is the husband or the father. The verse further explained that the father should try to prove her innocence. Although this passage gave instructions that if the girl is found to be innocent the man should not divorce her it shows the responsibility that the community has when it comes to marriage and divorce. In return the couple is supposed to bear witness to the community and they had to show proof before a divorce could take place. The man was supposed to write the woman a certificate of divorce and send her away from his house. According to Hall this certificate was â€Å"crucial to protect her status† (359). Furthermore it served as a way of announcing to society that the woman was eligible to remarry. The man according to this verse in Deuteronomy is bound by the law in keeping his wife. He cannot divorce her because she was found to be innocent. This shows that this was the only grounds he had. â€Å"Moreover, she shall remain his wife, and he may not divorce her as long as he lives.† On the other hand

Tale of Two Cities Character Analysis Essay Example for Free

Tale of Two Cities Character Analysis Essay The sacrifice of one’s own life for the person they love is by far the ultimate sacrifice any human being can make. In A Tale of Two Cities, by Charles Dickens, Sydney Carton, a despondent and inebriate man, did exactly that. Through his sacrifice, he became the most memorable and dynamic character in this book. Sydney Carton was an unmotivated alcoholic who transformed his wasted and useless life by performing a selfless act of heroism. I am a disappointed drudge. I care for no man on earth, and no man on earth cares for me, (Page 71). That was Sydney Carton’s abridged explanation for his disposition when he meets Charles Darnay. In the beginning, Carton is a lazy, alcoholic attorney who cares about nothing in life. He is self-undermining in that he has no confidence or volition and believes his life is an extreme waste. He is crude, frequently drunk, and melancholy. He feels he is stuck in the disappointed course of his once promising life, and has nothing worth giving anymore. Around the middle of the book, Sydney Carton makes a remarkable transformation into a man of profound merit. He professes his love to Lucie saying, For you, and for any dear to you, I would do anything. I would embrace any sacrifice for you and for those dear to you, (page 128). This scene marks a vital transition for Carton and lays the foundation and foreshadows the supreme sacrifice that he makes at the end of the novel. Lucie was the only one who thought there was a good person in Carton, and inadvertently succeeded in transforming him from depressed and dejected into a caring and altruistic man. Sydney Cartons promise to Lucie took him to the guillotine at the end of A Tale of Two Cities. He died for Darnay, which he believes is the greatest thing he could do to make his life significant. His death lets the woman he loves be happy. He quotes a verse from the bible saying, I am the resurrection and then life, saith the Lord; he that believeth in me, though he were dead, yet shall never die; and whosoever liveth and believeth in me, shall never die. This verse becomes almost his theme of the rest of Carton’s changed outlook of life. Sydney Cartons resurrection from his concealed life by his love for Lucie is gained by giving up his life for her happiness. He goes to death with the satisfaction of knowing that his life now has meaning, which is what Carton was searching for throughout the novel. During his life he was unable to act in his own self-interest, but, paradoxically, he’s completely willing to sacrifice his own life so that another man may live to please the one he loves. Sydney Carton sacrificed his life for Lucie, the only person who made him feel his life had meaning—just like he had promised to her. He began as a drunken man with no purpose, but only in the sacrifice of his life did Carton establish his greatest worth. Essentially what makes him the most memorable and dynamic character of A Tale of Two Cities is this predominant resurrection. In that all that was good in him and his love for Lucie lives on in Darnay, and he is now defined not for what he was, but by his single greatest act.

Sherman’s Stab at South Carolina Essay -- Civil War, Trading Ports

â€Å"South Carolina had succeeded! It had left the Union by vote of its convention at Charleston on the twentieth.†(Lewis 137). To many people this was a shock for South Carolina to be the first state to succeed from the union. To General William Sherman he was devastated as Lewis depicts Sherman Pacing the floor as he was saddened by this tragic news, and in pacing until it became almost an omen to his future march (Lewis 138). As The Civil War came close to an end, the union had come up with a brilliant plan to end it all with just one devastating plan. To trek through the southern states burning and destroying everything in sight so to devastate the southern states and make a surrender inevitable. General William Sherman’s march devastated all the southern states, but affected South Carolina more than any other southern state. With the march through the south General Sherman’s troops destroyed everything in sight. The heart break General William Sherman remem bered at the beginning of the war was still fresh to him, because of this he left South Carolina with nothing to hold onto as a state. As reported in Civil War Battle Guide â€Å"Sherman specifically targeted South Carolina, the first state to secede† (Houghton). South Carolina having a striving economies before the war began one of the leading slave trade states and agricultural trade states General Williams Sherman’s march hit the hearts of the South Carolina people all because of the state making a decision to rebel against the union. Not only would South Carolina be effected negatively but would find themselves searching for a new beginning after the war. No other state would find themselves with as much of a loss as the State of South Carolina just because Sherman struck the m... ...Findling. What Happened? : An Encyclopedia Of Events That Changed America Forever. Santa Barbara, Calif: ABC-CLIO, 2011.eBook Collection (EBSCOhost). Web. 19 Nov. 2013. Hughes, Nathaniel Cheairs. Bentonville : The Final Battle Of Sherman And Johnston. Chapel Hill: University of North Carolina Press, 1996. eBook Collection (EBSCOhost). Web. 18 Nov. 2013. Marszalek, John F. Sherman : A Soldier's Passion For Order. Carbondale: Southern Illinois University Press, 2007. eBook Collection (EBSCOhost). Web. 25 Nov. 2013. Wright, John D. The Language Of The Civil War. Westport, Conn: Oryx Press, 2001. eBook Collection (EBSCOhost). Web. 23 Nov. 2013. Sebesta, Edward H., and James W. Loewen. The Confederate And Neo-Confederate Reader : The 'Great Truth' About The 'Lost Cause'. Jackson, Miss: University Press of Mississippi, 2010.eBook Collection (EBSCOhost). Web. 21 Nov. 2013.

July’s People Essay

July’s People is a story about the drastic change and upheaval of society caused by the ending of apartheid in South Africa. Throughout the story the theme of conflict between blacks and whites is brought up and explored. This theme of conflict is largely played out between Maureen, the white suburban mother of three, and July, her servant and host during this time of upheaval in Johannesburg. While the two engage in conflicts throughout the book it isn’t the type of conflict that is injurious to either party, it is the type which forces both sides to grow and evolve their opinions and outlook on society. Read more:  good people David Foster Wallace essay This change and evolution is seen mainly in Maureen who, over the course of the story, evolves and in the end is essentially reborn into a more enlightened version of herself as a result of the conflict which she goes through with July. At the onset of July’s People, all Maureen Smales has ever known is being a mother and wife. As the story progresses it becomes clear that she will shed this role and step into a version of herself vastly more complex and real than the one she left behind. The longer Maureen is in the village, the less in touch she is with the person she was back in Johannesburg. Along with losing touch with her old self, Maureen begins to discover things about her family that she did not realize in the city, â€Å"He left the smell of his sweaty sleep behind him; she had not known, back there, what his smell was (the sweat of lovemaking is different, and mutual). Showers and baths kept away, for both of them, the possibility of knowing in this kind of way. She had not known herself; the odors that could be secreted by her own body. â€Å"(p. 103). During this passage Maureen is using the stage of not knowing the natural odor of herself and her husband as a metaphor to emphasize that back in the city everything gets covered up by cologne or otherwise, while in the village, where none of this disguise is available, the true smell, or nature of a person becomes clear. As Maureen’s old reality begins to slip away it leaves a gapping hole in its absence. The hole then needs to be filled, and this is where July and the conflict he brings comes into play. What Maureen learns about the dynamics of culture while talking to July is eventually what fills up the hole. From early on in the book, Maureen and July are in conflict with each other, butting heads on numerous topics including control of the Bakkie and Maureen’s role in the village. While this conflict may look counterproductive at first glance, it is actually providing both Maureen and July with valuable insight into each other’s thoughts and feelings of the current situation. As it becomes increasingly clear that Maureen is losing touch with who she was in the city, the reader begins to see Maureen struggling to understand July and the mentality of the people living in the village, † -My, my, my. What can we do. Is terrible, everybody coming very bad, killing†¦ burning†¦ Only God can help us. We can only hope everything will come back all right-â€Å". Maureen then goes on to say, â€Å"-But you don’t mean the way it was, you don’t mean that. Do you? You don’t mean that. -â€Å"(p. 95). Here Maureen is taken aback at the fact that a black person might not want the social change that the end of apartheid would bring with it. This is a prime example of a white suburban woman being faced with a idea that doesn’t fit into her categorization of the world and her struggling to understand this new and strange concept. The more that Maureen has these conflicting moments with July the more she begins to grow and move towards releasing her old ideas and prejudices, while adopting a new view of the world. The closer the story draws to its end the more Maureen is seen letting go of her old self and adopting new ideas in their place. For Maureen, the gun that Bam brought with him is her very last link to her life back in the city, when it is stolen Maureen tries desperately to get July’s help to get it back, pleading with July, †You’ve got to get that gun back. (p. 149). Maureen is clinging to the last link she has to her past self, trying to hold on to the smallest bit of normalcy and having the gun ripped away from her brings all that crashing to the ground. For Maureen, the ultimate moment of letting go occurs just after the gun is stolen following a conversation with July, â€Å"The skin of her body was creeping with and ecstatic fever of relief, splendid and despicable to her. †(p. 153). This passage is Maureen’s way of expressing her release of her old self. The use of the word fever here is a clue to what is going on, the body uses a fever to kill off an illness by overheating it, and now Maureen is having the part of her that is connected with Johannesburg â€Å"killed off†. The despicable yet splendid feeling that this gives her symbolizes how painful and hard it is to let her past go but also how good it feels to be ready to move freely into the future. Once Maureen was ready to move on it just took the right situation and the arrival of the helicopter was just that situation, â€Å"She is running to the river and she hears them, the man’s voice and the voices of children speaking English somewhere to the left. But she makes straight for the ford, and pulling off her shoes balances and jumps from boulder to boulder, and when there are no more boulders does as she has seen done, moves out into the water like some member of a baptismal sect to be born again†¦Ã¢â‚¬ (p. 159). This passage encompasses both Maureen leaving behind her old self as well as her moving forward to be re-born into a new person. This is the moment when Maureen’s journey comes full circle. She was prepared for this moment of rebirth by way of her numerous conflicts with July, through which she grew greatly as a person. As the story evolves and Maureen begins to realize that she and her family are not the same people they were back in Johannesburg, she finds herself in conflict with July and his thinking more and more. These conflicts, which existed in her, were not so much those of racial equality but rather of personal identity. By way of her discussions with July, Maureen is able to sort out the issue of personal identity and transform herself into a â€Å"born again† person by the end of the book. While these discussions often take on the form of a conflict they are conflict which leads to growth, not to destruction. The conflict that she has with July over the course of the story is essential to Maureen becoming the free, reborn version of herself and to discover who she is outside of apartheid.

Logitech Case Essay

1.In a world without trade, what would happen to the costs that American consumers would have to pay for Logitech’s Products? World trade refers to buying and selling across national borders. It would be difficult to predict or estimate the prices of the product of one company like Logitech in one market like America. 2.Explain how trade lowers the costs of making computer peripherals such as mice and keyboards. 1. Components are procured from any part of the world where they can be produced and manufactured at the best cost. (Motorola plant in Malaysia makes the mouse’s chip; Agilent Technologies supplies optical sensors). 2. The intellectual capital going into any product is created at the place where the right talent is available. (Ergonomics design is done in Ireland, software programming is done in Switzerland and Fremont). 3. The actual assembling/manufacturing is done at the place where is can be done most cost effectively. (Assembling is done in Taiwan and China). 4. The products reach the customers the most efficient way by taking the service s of the most efficient logistics company. (Marketing and operations from Fremont). 3.Use the theory of comparative advantage to explain the way in which Logitech has configured its global operation. Why does the company manufacture in China and Taiwan, undertake basic R&D in California and Switzerland, design products in Ireland, and coordinate marketing and operations from California? Comparative advantage, as proposed by Ricardo, says that it is beneficial for nations to involve in trade even when there is absolute advantage for them to produce all the goods. So nations will invest a major portion of their resources to produce what they can produce with advantage. This theory is being applied to the case in the following way 4.Who creates more value for Logitech – the 650 people it employs in California and Switzerland, or the  4,000 employees at its Chinese factory? What are the implications of this observation for the argument that free trade is beneficial? Logitech make $8 for every mouse being sold. Let us assume that $3 of this is spent on R&D and software programming. Free trade is beneficial because, it is the free trade which is allowing Logitech to take advantage of the low cost manpower available in China. If free trade w ere not available, Logitech would be forced to manufacture it’s mice in U.S. at a much higher cost. 5.Why do you think the company decided to shift its corporate headquarters from Switzerland to Fremont? It helps Logitech to stay close to its customers. It can respond to the demands of the customers more promptly. Fremont is also the place where a lot of technological innovations are happening. Logitech being in the high-tech industry, continuous innovation is a key success factor for its business. Fremont is also an important in terms of managerial talent. All these reasons make it convenient for Logitech to move to Fremont. 6. To what extent can Porter’s diamond help explain the choice of Taiwan as a major manufacturing site for Logitech? Porter’s diamond considers four important attributes which will create an environment that helps the domestic industries. The four attributes can be applied to Taiwan becoming a manufacturing hub for electronics goods as shown below:Taiwan has well qualified people for manufacturing electronic goods. It has good infrastructure and transport facility. There is demand throughout the world for electronic products produced in Taiwan. All major global companies source their electronic components from Taiwan. Taiwan has a well-developed supply base for parts and rapidly expanding local computer industry. There is tough competition and rivalry among local companies which help in better efficiency. The government has created Science-based industrial parks through which they encourage companies to invest in Taiwan. Land is given at very subsidized rates in these parks. 7. Why do you think China is now a favored location for so much high-technology manufacturing activity? How will China’s increasing involvement in global trade help that country? How will it help the world’s developed economies? What potential problem are associated with moving to China? All the factors in Porter’s diamond are at play in China very efficiently. It has huge human resources, land, water and other natural resources. It has good infrastructure for transportation, ports and communication. It has created special zones for promoting exports, thus ensuring a good demand for the goods they manufacture. The rivalry among the domestic firms is also very strong. Government supports export oriented firms through funds. The cost of labor is very low. Technical human skills are available. These factors make China a favored location for high-technology manufacturing. China’s increase in global trade will ensure that investment flows into China for manufacturing. Its balance of payment position will become very strong. It can use the trade as a lever for political mileage. As more investment happens it w ill help China to reap the advantages of economics of scale. It can provide better living conditions for its citizens. It will also generate funds for planned investments. The world’s developed economics will be able to take advantage of the low cost manufacturing available in China. The global companies can improve the efficiency of their supply chain by manufacturing in China. The following are the potential problems associated with moving work to China: The political changes, when they happen, can lead to disruption of work. Decision making at the government level is opaque, which can cause problems if unfavorable decisions are taken. When there is trouble in the political relationship between the home country and China. The companies may lose an opportunity to develop an alternate to China as a manufacturing hub.

Ideas for Teaching Life Skills in School

Ideas for Teaching Life Skills in School Functional life skills are skills that we acquire in order to live a better, more fulfilling life. They enable us to exist happily in our families, and in the societies in which we are born. For more typical learners, functional life skills are  often directed at the goal of finding and keeping a job. Examples of typical functional life skills topics for curricula are preparing for job interviews, learning how to dress professionally, and how to determine living expenses. But occupational skills are not the only area of life skills that can be taught in schools. Kinds of Life Skills The three major life skills areas are daily living, personal and social skills, and occupational skills. Daily living skills range from cooking and cleaning to managing a personal budget. They are the skills necessary for supporting a family and running a household. Personal and social skills help nurture the relationships that students will have outside of school: in the workplace, in the community, and the relationships they will have with themselves. Occupational skills, as discussed, are focused on finding and keeping employment. Why Are Life Skills Important? The key element in most of these curricula is a transition, preparing students to eventually become responsible young adults. For the special ed student, transition goals may be more modest, but these students also benefit from a life skills curriculum- perhaps even more so than typical learners. 70-80% of disabled adults are unemployed after graduating from high school when with a head start, many can join the mainstream of society. The list below is intended to provide teachers with great programming ideas to support responsibility and life skills training for all students. In the Classroom Help with taking down or putting up bulletin boards.Care for plants or pets.Organize materials such as pencils, books, crayons, etc.Hand out completed assignments.Distribute newsletters or other materials.Help with checklists for money for trips, food, or permissions forms.Clean chalk- or whiteboards and brushes. In the Gym Help with any setup.Prepare the gym space for assemblies.Help to keep the gyms storage room organized. Throughout the School Pick up and deliver audio/visual equipment to classrooms.Help in the library by returning books to shelves and repairing damaged books.Wipe down computer monitors and shut them down each day.Clean the computer keyboards with slightly damp paintbrushes.Distribute the attendance records back to classes for the morning.Help keep the teachers lounge tidy. Help in the Office Bring mail and newsletters to the staff mailboxes or deliver to each of the classrooms.Help photocopy materials and count them into their piles as per need.Collate photocopied materials.Alphabetize any files that need sorting. Supporting the Custodian Help with regular school maintenance: sweeping, floor polishing, shoveling, window cleaning, dusting, and any outdoor maintenance. For the Teacher Everyone needs life skills for daily, personal functioning. However, some students will require repetition, redundancy, review and regular reinforcement to become successful. Dont take anything for granted.Teach, model, let the student try, support and reinforce the skill.Reinforcing may be required on each new day the child performs the skill required.Be patient, understanding and persevere.

Molly Pitcher (Mary Hays McCauly) Revolutionary Heroine

Molly Pitcher (Mary Hays McCauly) Revolutionary Heroine Molly Pitcher was a fictitious name given to a heroine, revered for taking her husbands place loading a cannon in the Battle of Monmouth, June 28, 1778, during the American Revolution. The identification of Molly Pitcher, earlier known in popular images as Captain Molly, with Mary McCauly, didnt come until the centennial of the American Revolution.  Molly was, at the time of the Revolution, a common nickname for women named Mary. Much of Mary McCaulys story is told from oral histories or court and other legal documents correlating with some parts of the oral tradition. Scholars disagree on many of the details, including what her first husbands name was (the famous husband who collapsed and whom she replaced at the cannon) or even whether she is the Molly Pitcher of history. The Molly Pitcher of legend may be completely folklore or may be a composite. Molly Pitchers Early Life Mary Ludwigs birthdate is given on her cemetery marker as October 13, 1744.  Other sources suggest her birth year was as late as 1754. She grew up on her familys farm. Her father was a butcher. She is unlikely to have had any education and was likely illiterate.  Marys father died in January of 1769, and she went to Carlisle, Pennsylvania to be a  servant to the family of Anna and Dr. William Irvine.   Molly Pitchers Husband A Mary Ludwig married a John Hays on July 24, 1769. This may have been a first husband for the future Molly Pitcher, or it may have been a marriage of her mother, also named Mary Ludwig as a widow. In 1777, the younger Mary married William Hays, a barber, and an artilleryman. Dr. Irvine, for whom Mary was working, had organized a boycott of British goods in response to the British Tea Act in 1774. William Hayes was listed as one helping with the boycott. On December 1, 1775, William Hays enlisted in the First Pennsylvania Regiment of Artillery, in a unit commanded by Dr. Irvine (also called General Irwin in some sources). A year later, January 1777, he joined the 7th Pennsylvania Regiment and was part of the winter camp at Valley Forge. Molly Pitcher at War After her husbands enlistment, Mary Hays first stayed in Carlisle, then joined her parents where she was closer to her husbands regiment. Mary became a camp follower, one of the many women attached to a military camp to take care of support tasks such as laundry, cooking, sewing, and other tasks. Martha Washington was another of the women at Valley Forge. In 1778, William Hays trained as an artilleryman under Baron von Steuben. The camp followers were taught to serve as water girls. William Hays was with the 7th Pennsylvania Regiment when, as part of George Washingtons army, the Battle of Monmouth was fought with British troops on June 28, 1778. William (John) Hays job was to load the cannon, wielding a ramrod. According to the stories told later, Mary Hays was among the women bringing pitchers of water to the soldiers, to cool the soldiers as well as to cool the cannon and soak the rammer rag. On that hot day, carrying water, the story told is that Mary saw her husband collapse - whether from the heat or from being wounded is not clear, though he certainly was not killed - and stepped in to clean the ramrod and load the cannon herself, continuing until the end of the battle that day. In one variation of the story, she helped her husband fire the cannon. According to the oral tradition, Mary was nearly hit by a musket or cannonball that sped between her legs and ripped her dress. She is said to have responded, Well, that could have been worse. Supposedly George Washington had seen her action on the field, and after the British retreated unexpectedly rather than continuing the fight the next day, Washington made Mary Hays a non-commissioned officer in the army for her deed. Mary apparently began calling herself Sergeant Molly from that day forward. After the War Mary and her husband returned to Carlisle, Pennsylvania. They had a son, John L. Hayes, in 1780. Mary Hays continued to work as a domestic servant. In 1786, Mary Hays was widowed; later that year, she married John McCauley or John McCauly (various spellings of names was common in a society where many were not literate). This marriage was not successful; John, a stonecutter and a friend of William Hays, was apparently mean and did not adequately support his wife and stepson. Either she left him or he died, or he otherwise disappeared, about 1805. Mary Hays McCauly continued to work around town as a domestic servant, with a reputation for being hard-working, eccentric and coarse. She petitioned for a pension based on her Revolutionary War service, and on February 18, 1822, the Pennsylvania legislature authorized a payment of $40 and subsequent annual payments, also of $40 each, in An act for the relief of Molly MKolly. The first draft of the bill had the phrase widow of a soldier and this was revised to for services rendered. Specifics of those services are not noted in the bill. Mary Ludwig Hays McCauly - who called herself Sergeant Molly - died in 1832. Her grave was unmarked. Her obituaries do not mention military honors or her specific war contributions. The Evolution of Captain Molly and Molly Pitcher Popular images of Captain Molly at a cannon circulated in the popular press, but these were not tied to any specific individual for many years. The name evolved into Molly Pitcher. In 1856, when Marys son John L. Hays died, his obituary included the note that he was a son of the ever-to-be-remembered heroine, the celebrated Molly Pitcher whose deeds of daring are recorded in the annals of the Revolution and over whose remains a monument ought to be erected. Connecting Mary Hays McCauly With Molly Pitcher In 1876, the American Revolution centennial sparked interest in her story and local critics in Carlisle had a statue of Mary McCauley created, with Mary described as the Heroine of Monmouth. In 1916 Carlisle established a three-dimensional representation of Molly Pitcher loading a cannon. In 1928, on the 150th anniversary of the Battle of Monmouth, pressure on the Postal Service to create a stamp showing Molly Pitcher was only partially successful. Instead, a stamp was issued that was a regular red two cent stamp depicting George Washington, but with a black overprint of the text Molly Pitcher in capital letters. In 1943, a Liberty ship was named SS Molly Pitcher and launched. It was torpedoed that same year. A 1944 wartime poster by C. W. Miller depicted Molly Pitcher with a ramrod at the battle of Monmouth, with the text Americas women have always fought for freedom. Sources John Todd White. The Truth About Molly Pitcher. in The American Revolution: Whose Revolution? edited by James Kirby Martin and Karen R. Stubaus. 1977.John B. Landis. A Short History of Molly Pitcher, the Heroine of Monmouth. 1905. Published by the Patriotic Sons of America.John B. Landis. Investigation into American Tradition of Woman Known as Molly Pitcher. Journal of American History 5 (1911): 83-94.D. W. Thompson and Merri Lou Schaumann. Goodbye Molly Pitcher. Cumberland County History 6 (1989).Carol Klaver. An Introduction into the Legend of Molly Pitcher. Minerva: Quarterly Report on Women and the Military 12 (1994) 52.

Rhetorical Analysis of an Organizational Website Essay

Rhetorical Analysis of an Organizational Website - Essay Example These include latest movies that are produced in Hollywood and videos as well as top stories on top actor lifestyles. The website meets its aim by using a simple and professional design. It uses an artistic design to the name of their website that is well colored to draw the reader’s attention. This is appealing to the eye, and at a glance, one is able to know the website’s name. According to Hunt (2011), a reader is likely to revisit a website if it contains all the information it claims to contain and does not provide or refer to unsolicited information. The Hollywood website has user-friendly navigation; there are clear links to the various sections as described in the initial outline on the homepage. The content is arranged categorically in such a way that whatever one is looking for can be obtained at a glance, hence aiding to achieve its goal. Websites should be created with the viewer in mind, this implies that the time for browsing should be minimal and the content should be simple and easy to interpret and understand by the targeted viewers. Its simplicity in design of the Hollywood website has contributed immensely to its popularity among the young people (OConnell, 1994). For instance, if one is looking for movies, they would go directly and click on the so-named icon, hence getting the desired item. On other websites, there are many popup windows and links to unrelated websites which not only waste the viewer’s time but also contribute to infection of personal computers by internet viruses. Lawrence, & Tavakol, (2007) in their book â€Å"Balanced Website Design: Optimizing Aesthetics, Usability, and Purpose.† Propose that the use of carefully designed graphics on websites makes them more appealing and easier to browse than those with text.

Declaration of Independence day Term Paper Example | Topics and Well Written Essays - 500 words

Declaration of Independence day - Term Paper Example The independence day of the United States is celebrated on July, 4 as approved by the congress. The interpretation as well as sources of the declaration has been subject of scholarly evaluation and request even as the original version is displayed at the national archives in Washington, D.C. (Bond, September, 1). The most important and dominant theme of the document is, perhaps, the founding fathers’ vision and dream for the country as a democratic powerhouse in the global scene. True to their vision, the country has worked on many fronts to make a nation based on outlined democratic principles such as equality, right to life, liberty and a chance to exercise the pursuit of happiness (Armitage 22). The declaration highlights the American orientation to democratic foundations. It is clear that Jefferson represented the will of the American leadership. The retention of the resolve to protect â€Å"self-evident† principles of human life and social health, democracy was cultivated in the country’s long journey to success. The right to life is a fundamental truth in the American dream and as demonstrated in various national policies that ensure the protection of life, the country has made tremendous steps in establishing institutions to protect life. Provision of important li fe protection services offered by the federal government in relation to such subjects as food, shelter, income and healthcare are illustrations of how the culture of life is protected to date (Armitage 22). In view of how liberty was envisioned and implemented to date, America has a long journey. Political liberty is perhaps one of the most celebrated principles in America and as envisioned in the Declaration of Independence, the country rose to set an enormous standard for others to emulate (Bond 3). Through model governance structures and an impressive track record for accommodation of divergent views, America borrows a lot from the

Jacksonian Age women's reform Essay Example | Topics and Well Written Essays - 250 words

Jacksonian Age women's reform - Essay Example These reform movements were known as ante-bellum reform movements. According to Cheathem (2008), the Jacksonian age was a period of democratic progress and increasing egalitarianism for men but one of regression and repression for women. The age characterized a male defined society and on the basis of equality; feminism characterized it as well as a struggle for female autonomy and self determination. Women were mainly seen as breeders and child bearers. The temperance movement called for restriction and outright prohibition of alcohol consumption due to its strong religious elements. Cheathem (2008) says that the apex of the ante-bellum reforms movement during the Jacksonian period was the Seneca Falls Convention of 1848 which women listed the grievances that American women had against institutions that were male dominated and included lack of female suffrage. On female health, most medics did not have a respect for women’s bodily autonomy and many hysterectomies performed in the United States were medically unnecessary. Personal care becam e aggressively politicized and the politics of medicine became intensely personal. Doctors and scientists defined women’s nature in terms of their reproductive system and were seen as virtually pathological, causing a long list of emotional, mental and bodily complications (Cheathem, 2008). Female patients that suffered from mental health were treated by hydropathy; dumping cold water on patients and immersing them in icy pools. The Jacksonian era showed the ideologies of how the woman’s place was in the home. Edward Clarke, a Boston based doctor in 1874 warned society against letting young women pursue too demanding an education (Cheathem, 2008). Other arguments combined with religious authority, etiquette instruction and legal restrictions to declare women unsuited for the public sphere of politics, business and

Effects of Foreign Direct Investment

Effects of Foreign Direct Investment The removal of cross-border restrictions on international capital flows and the trend toward an integrated world economy has been a substantial progress over recent two decades. Hence, it has increased the growth of foreign direct investment(FDI) activity. Madura and Fox (2007) define foreign direct investment (FDI) as the investment in real assets (such as land, buildings, or even existing plants) in foreign countries. They also find that multinational corporations(MNCs) commonly capitalize on foreign business opportunities by engaging in FDI. They engage in joint ventures with foreign firms, acquire foreign firms, and form new foreign subsidiaries. These types of FDI can generate high returns when managed properly. A substantial investment is required, and thus can increase the risk at capital. It may be difficult for multinational corporation to sell the foreign project when the investment does not perform well as expected. In order to maximize the corporations value, it is significant for MNCs to understand the potential return and risk of FDI and analyze the potential benefits and costs before making investment decisions. 2.1.2 Motives for FDI The reason why firms locate production oversea rather than exporting from the home country or licensing production in the hose country, and the reason why firms seek to extend corporate control oversea by forming multinational corporations have been developed by many scholars. Kindleberger(1969) and Hymer(1976), emphasize various market imperfections in product, factor, and capital markets as the key motivating forces to accelerate FDI. Eun and Resnick (2004) explore some key factors that are important for corporations making decisions to invest oversea. These factors include trade barriers, imperfect labor market, intangible assets, vertical integration, product life cycle and shareholder diversification services. Dunning (1993) interpret four different types of motives for foreign direct investment: resource seeking, market seeking, efficiency seeking, and strategic asset (or capability )seeking. The first motive means that MNCs acquire some particular resources which may mainly cnsist of primary products at a lower cost in the host country than at home. The second motive depends on the expectation of new sales opportunities from the opening of markets where MNCs had no access at before. The third one refers to utilizing the specific comparative advantages of a host economy. The last one is related with long-term strategic considerations such as gaining an significant stake in the market in the long run. To be more specific, Madura and Fox (2007) indicate that MNCs engage in foreign direct investment widely because it can improve profitability and enhance shareholder wealth. In most cases, MNCs utilize FDI to boost revenues, reduce costs, or both. Revenue-related motives include attract new source of demand, enter profitable markets, exploit monopolistic advantages, react to trade restrictions and diversify internationally. Cost-related motives involve fully benefit from economies of scale, use foreign factors, use foreign raw materials, use foreign technology and react to exchange rate movements. 2.1.3 Benefits of FDI It seems unwise to conclude that both forms of geographic diversification are likely to be equally profitable or unprofitable. Errunza and Senbet (1981, 1984) find evidence to support a positive relation between excess firm value and the firms extent of international diversity by using multinational firms only. Focusing on international acquisitions, Doukas and Travlos (1988) and Doukas (1995) document that US bidders gain from industrial and international diversification. Similarly, Morck and Yeung (1991, 2001) find a positive relation between international diversification and firm value. However, they show that industrial diversification and international diversification add or destroy value in the presence or absence of intangible assets. Their findings support the view that the synergistic benefits of international diversification stem from the information-based assets of the firm. Christophe and Pfeiffer (1998) and Click and Harrison (2000) find that multinational firms trade at a discount relative to domestic firms. More recently Denis, Denis and Yost (2002), using the Berger and Ofek (1995) excess value measure and aggregate data, show that global diversification reduces shareholder value by 18%, whereas industrial diversification results in 20% shareholder loss. In contrast, Bodnar, Tang and Weintrop (1999), relying on a similar valuation measure, find share-holder value to increase with global diversification. Doukas and Lang (2003) take firms which made foreign new plant announcements during the period 1980 1992 as a sample, regardless of the industrial structure of the firm, they interpret that unrelated foreign direct investments are associated with negative announcement effects and long-term performance decreases in subsequent years, whereas related investments are associated with positive short-term and long-term performance. Although their findings indicate that both specialized and diversified firms benefit from core-business-related rather than non-core-business-related foreign direct investments, the gains are larger for diversified firms. They conclude that geographic expansion of the firms core business itself is beneficial to shareholder value. In contrast, they find that geographic expansion of the firms peripheral (non-core) business harms firm value and performance. Hence the evidence indicates that the internalization theory is more consistent with the international expans ion of the core rather than the non-core business of the firm. That is, the positive synergies from global diversification are rooted in the firms core competencies. Theories of foreign direct investment (FDI) agree on at least one major point: foreign firms mush have inherent advantages that allow them to overcome the higher costs of becoming a multinational (Hymer, 1976) These advantages may be tangible, such as an improved production process or a product innovation. They also may be intangible, such as brand names, better management structures or the technical knowledge of employees. Girma, Greenaway and Wakelin (2001) conclude that foreign firms do have higher productivity than domestic firms and they pay higher wages in the UK after their investigation. They do not find aggregate evidence of intra-industry spillovers. However, firms with low productivity relate to the sector average, in low-skill low foreign competition sectors gain less from foreign firms. FDI brings two main benefits to the host country. First, it introduces new production facilities into the domestic economy directly, or may rescue failing firms in the case of acquisition, raising overall output, employment and exports. Second, domestic governments hope that foreign firms will be unable to internalise their advantages fully, and local firms can benefit through spillover. 2.1.4 Effects of FDI Borensztein, Gregorio and Lee (1998) test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework by utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades. The results suggest that FDI is significant for transfer technology, and contribute more to growth than domestic investment. Moreover, they find that the contribution of FDI to economic growth is improved by its interaction with the level of human capital in the host country. However, the empirical results imply that FDI is more productive than domestic investment only when the host country has a minimum threshold stock of human capital. Thus, FDI contributes to economic growth only when a sufficient absorptive capability of the advanced technologies is available in the host economy. Investigating the effect of FDI on domestic investment, they find that the inflow of foreign capital à ¢Ã¢â€š ¬Ã‹Å"crowds in domestic investment rather than à ¢Ã¢â€š ¬Ã‹Å"crowds out. FDI support the expansion of domestic firms by complementarity in production or by increasing productivity through the spillover of advanced technology. A one-dollar increase in the net inflow of FDI is associated with an increase in total investment in the host economy of more than one dollar, but do not appear to be very robust. Thus, it appears that the main channel through which FDI contributes to economic growth is by stimulating technological progress, rather than by increasing total capital accumulation in the host economy. Markusen and Venables (1999) develops an analytical framework to assess the effects how an FDI project affect local firms in the same industry. There are two forces for the effect of entry of a multinational firm on the domestic industry. One is a competition effect, under which multinationals displace domestic final-goods producers, and the other is a linkage effect back to intermediate-goods producers, creating complementarities which could benefit domestic final-goods producers. They explore the determinants of the relative strengths of these effects. In circumstances of initial equilibrium with no local production, multinational entry can push the economy over to an equilibrium with local production in both the intermediate and final-goods industries, with a resulting welfare improvement. They then pay attention to endogenise the entry decision of multinational firms. It may now also be the case that multinationals provide the initial impetus for industrialisation, but the developed local industry creates sufficiently intense competition to eventually drive the multinationals out of the market. Hobday (1995) finds initial multinational investments in developing East Asia created backward linkage effects to local suppliers in a large number of situations. There are some examples such as computer keyboards, personal computers, sewing machines, athletic shoes, and bicycles in Taiwan. 2.2 Cost of capital and capital structure Many major firms through the world have begun to internationalize their capital structure by raising funds from foreign as well as domestic sources. As a result, these corporations become multinational not only in the scope of their business activities but also in their capital structure. This trend reflects not only a conscious effort on the part of firms to lower the cost of capital by international sourcing of funds but also the ongoing liberalization and deregulation of international financial markets. If international financial markets were completely integrated, it would not matter whether firms raised capital from domestic or foreign sources because the cost of capital would be equalized across countries. On the other hand, some markets are less than fully integrated, firms may be able to create value for their shareholders by issuing securities in foreign as well as domestic markets. Cross-listing of a firms shares on foreign stock exchanges is one way a firm operating in a segmented capital market can lessen the negative effects of segmentation and also internationalize the firms capital structure. For example, IBM, Sony, and British Petroleum are simultaneously listed and traded on the New York, London, and Tokyo stock exchanges. By internationalizing its corporate ownership structure, a firm can generally increase its shares price and lower its cost of capital. 2.2.1 Definition of cost of capital Eun and Resnick define the cost of capital as the minimum rate of return an investment project must generate in order to pay its financing costs. If the return on an investment project is equal to the cost of capital, under taking the project will leave the firms value unaffected. When a firm identifies and undertakes an investment project that generate a return exceeding its cost of capital, the firms value will increase. It is significant for a value-maximizing firm to try to lower its cost of capital. Madura and Fox (2007) explain that a firms weighted average cost of capital (referred to as Kc ) can be measured as: Kc = [D/(D+E )] * Kd * ( 1-t ) + [E / (D+E)] * Ke Where: D = market value of firms debt Kd = the before-tax cost of its debt t = the corporate tax rate E = the firms equity at market value Ke = the cost of financing with equity The ratios reflect the percentage of capital represented by debt and equity, respectively. In total the cost f capital, Kc is the average cost of all providers of finance to the firms. A multinational company finances its operations by using a mixture of fixed interest borrowing and equity financing that can minimize the overall cost of capital (the weighted average of its interest rate and dividend payment). By minimizing the cost of capital used to finance a given size and risk of operations ,financial managers can maximize the value of the company and therefore maximize shareholder wealth. According to the different size of firm, international diversification, exposure to exchange rate risk, access to international capital markets and exposure to country risk, the cost of capital for MNCs may different from that for domestic firms. 2.2.2 Costs of capital across countries Madura and Fox (2007) interpret that the reason why cost of capital is different among countries is relevant for three reasons. First, MNCs based in some countries may have more competitive advantages than others not only for the different technology and resources across countries, but also the cost of capital. MNCs in some countries will have a larger set of feasible projects with positive net present value because of the lower cost of capital, hence these MNCs can increase their world market share more easily. MNCs operating in countries with a higher cost of capital will be forced to decline projects. Second, MNCs may be able to adjust their international operations and sources of funds to capitalize on differences in the cost of capital among countries. Third, the different component as debt and equity in the cost capital can explain why MNCs based in some countries tend to use a more debt-intensive capital structure than others. To estimate an overall cost of capital for an MNCs, it needs to combine the costs of debt and equity, and weight the relative proportions of debt and equity. The cost of debt to a firm is primarily determined by the risk-free interest rate in the currency borrowed and the risk premium required by creditors. Risk-free interest rate is determined by the interaction of the supply and demand for funds. Factors include tax laws, demographics, monetary policies and economic conditions can influence the supply and demand then affect the risk-free rate. The risk premium on debt can vary among countries because of the different economic conditions, relations between corporations and creditors, government intervention, and degree of financial leverage. In addition, a firms cost of equity represents an opportunity cost what shareholders could earn on investments with similar risk if the equity funds were distributed to them. This return on equity can be measured as a risk-free interest rate th at could have been earned by shareholders, plus a premium to reflect the risk of the firm. According to the different economic environments, the risk premium and the cost of equity will vary among countries. 2.2.3 MNCs capital structure decision Madura and Fox.(2007) indicate that an MNCs capital structure decision includes the choice of debt versus equity financing within all of its subsidiaries, hence the overall capital structure is combined of all subsidiaries capital structures. The advantages of using debtor equity vary according to the corporate characteristics specific to each MNC and specific to countries where the MNCs establish subsidiaries. They interpret some specific corporate characteristics which can influence MNCs capital structure. MNCs with more stable cash flows can deal with more debt because their cash flows are constant to cover periodic interest payments. In contrast, MNCs with erratic cash flows might prefer less debt. MNCs with lower credit risk have more access to credit, their choice of using debt or equity can be affected by factors which influence credit risk. MNCs with high profit may be able to finance most of investment with retaining earnings and use an equity-intensive capital structure, while others with small level of retained earnings may prefer on debt financing. The subsidiaries borrowing capacity may be increase and need less equity financing once the parent backs the debt. Agency costs are higher when a subsidiary in foreign country can not be monitored easily be investor from parents country. In addition, they also describe the specific country characteristics unique to each host country can influence MNCs choice of debt versus equity financing and thus influence their capital structure. Firstly, some host countries have stock restrictions which means the governments allow investment only in local stocks. This kind of barrier of cross-border investing, potential adverse exchange rate and tax effects can discourage investment outside home countries. MNCs operated in these countries where investor have fewer stock investment opportunities may be able to raise equity at a relatively low cost, and they would prefer using more equity by issuing stocks. Secondly, according to the government-imposed barriers on capital flows along with potential adverse exchange rate, tax and country risk effects, loanable funds do not always flows th where they are needed most and the price of them can vary across different countries. MNCs may be able to obtain loanable funds at lower cost in s ome countries and they will prefer the debt financing. Thirdly, regard of the potential weakness of the currencies in subsidiaries host countries, an MNC may attempt to finance by borrowing currencies instead of relying on parent funds. Subsidiaries may remit a smaller amount in earning because they can make interest payments on local debt, and thus reduce the exposure to exchange rate. Conversely, subsidiaries may retain and reinvest more of its earnings when the parent believes a subsidiaries local currency will appreciate against its own currency. The parent may provide an cash infusion to finance growth in the subsidiaries, and thus transfer the internal funds from the parent to subsidiary possibly resulting in more external financing by the parent and less debt financing by the subsidiary. Fourthly, possibility of a kind of country risk is that the host country will temporarily block funds to be remitted by subsidiary to the parent. Thus aubsidiraies may prefer to local debt fi nancing. At last, MNCs make interest rate payments on the local debt when they are subject to a withholding tax. Foreign subsidiaries may also use local debt if the host country impose high corporate tax rates on foreign earnings. Bancel and Mittoo (2004) survey on the cross-country comparisons of managerial views on determinants of capital structure in a sample of 16 European countries: Austria, Belgium, Greece, Denmark, Finland, Ireland, Italy, France, Germany, Netherlands, Norway, Portugal, Spain, Switzerland, Sweden, and the UK. They show that factors related to debt are influenced more, and those related to equity are influenced less, by the countrys institutional structure, especially the quality of its legal system. They find that financial flexibility and earnings per share dilution are primary concerns of managers in issuing debt and common stock, respectively. Managers also value hedging considerations and use windows of opportunity when raising capital. This evidence strengthens arguments of La Porta et al. (1997, 1998) that the availability of external financing in a country is influenced primarily by its legal environment. Since agency costs of debt are likely to be higher in countries with lower quality of legal systems, this evidence is also consistent with theories of capital structure such as agency theory that assign a central role to debt contracts and bankruptcy law (Harris and Raviv, 1991). They find that although a countrys legal environment is an important determinant of debt policy, but it plays a minimal role in common stock policy. They find that firms financing policies are influenced by both their institutional environment and their international operations. They also show that firms can adopt strategies to mitigate the negative effects of the quality of the legal environment in their home country. For instance, firms in civil-law countries have significantly higher concerns for maintaining target debt-to-equity ratios and matching maturity than do their peers in the common-law countries. Further, they find that firms operating internationally have significantly different views than do their peers in several ways. For example, firms that have issued foreign debt or equity in the sample during the last ten years are more concerned about credit ratings. Firm-specific variables that are commonly used in the capital structure literature to explain leverage also expla in cross-country differences in managerial rankings of several factors. For example, large firms are less concerned about bankruptcy costs, and high growth firms consider common stock as the cheapest source of funds and use windows of opportunity to issue common stock. These results support the arguement by Rajan and Zingales (1995, 2003), that firms capital structures are the result of a complex interaction of several institutional features as well as firm characteristics in the home country. Their results support that most firms determine their optimal capital structure by trading off factors such as tax advantage of debt, bankruptcy costs, agency costs, and accessibility to external financing. They confirm the conclusions of Titman (2002): Corporate treasurers do occasionally think about the kind of trade-offs between tax savings and financial distress costs that we teach in our corporate finance classes. However, since this trade-off does not change much over time, the balancing of the costs and benefits of debt financing that they emphasize much is not MNCs major concern. They spend much more time thinking about changes in market conditions and the implications of these changes on how firms should be financed. Lee and Kwok (1988) examine the impact of international environmental factors on some firm-related capital structure determinants which in turn affect the MNCs overall capital structure. They consider international environmental variables of political risk, international market imperfections, complexity of operations, opportunities for international diversification, foreign exchange risk and local factors of host countries, and test agency costs and bankruptcy costs. They find that MNCs tend to have higher agency costs of debt according to Myers definition than DCs. This finding remained unchanged even when size and industry effects were controlled. Though MNCs appeared to have lower bankruptcy costs than DCs, the difference largely disappeared when the size effect was controlled. Quite contrary to the conventional wisdom, the empirical findings showed that MNCs tended to be less leveraged than DCs. This finding remained even when the size effect was controlled. However, when compani es were separated under different industry groups, the results varied significantly. Burgman (1996) directly estimate the effect of foreign exchange risk and political risk on the capital structure of MNCs. Using the foreign tax ratio to classify firms as either MNCs or DCs and controlling for industry and size effects, Burgman finds that MNCs have lower debt ratios and higher agency costs than DCs. Furthermore, international diversification does not appear to lower earnings volatility. To estimate the sensitivity of a firm to foreign exchange risk, Burgman conducts a regression analysis of the stock returns of each sample firm on the returns of an index of U.S. stocks and on the U.S.$:SDR returns. His political risk measure is based on the following ratio: number of low political risk countries to the total number of countries in which the firm operates. Low political risk countries are the top 20 in the country risk rankings provided by Euromoney in 1989. The results of a regression analysis for his sample of MNCs suggest that the debt ratios of these companies are positively related to both risks. Burgman concludes that this evidence is consistent with the hypothesis that MNCs use debt policy as a tool to hedge foreign exchange risk and political risk. Chen et al. (1997) conducted regression analyses to investigate the effect of international activities (as measured by foreign pre-tax income) on capital structure. They report that even after controlling for firm size, agency costs of debt, bankruptcy costs and profitability, the long-term debt ratios of MNCs are lower than those of DCs. However, within their sample of MNCs, debt ratios increase with the level of international activities. 2.2.4 Segmented capital market A capital market for asset claims is integrated when the opportunity set of investments available to each and every investor is the universe of all possible asset claims. In contrast, a capital market is segmented when certain groups of investors limit their investments to a subset of the universe of all possible asset claims. Such market segmentation can occur because of ignorance about the universe of possible asset claims, or because of transactions costs (brokerage costs, taxes, or information acquisition costs), or because of legal impediments. From an international perspective, market segmentation typically occurs along national borders, a condition wherein investors in each country acquire only domestic asset claims. Grubel, Levy and Sarnat, and Lessard employ a mean-variance portfolio theoretic framework, have stressed the benefits of diversifying investments across national borders, namely the pooling of risks that results from investing in projects that are less than perfectly correlated. Subrahmanyam points out that when segmented capital markets are integrated, in addition to the diversification effect (always positive), there is a wealth effect (possibly negative) which arises out of changes in the macro-parameters of the risk-return relationship. For the special cases of quadratic, exponential, and logarithmic utility functions, it can be shown that international capital market integration is Pareto-optimal, that is, the welfare of individuals in the integrated economies will not decline, and will generally improve. The positive effect of an expansion in the opportunity set offsets any negative wealth effect. The market reformed and liberalized in developed economies in the 1970s and emerging economies during the second half of the 1980s led to the removal of many barriers. The deregulation and the development of local equity markets allowed the possibility of foreign portfolio investments (FPIs). Overall, FPIs would provide a new source of capital and internationalize the domestic capital markets. Subsequent improvements in risk sharing and risk matching would cause the cost of capital to fall. Errunza and Miller (2000 ) use a sample of 126 firms from 32 countries, document a significant decline of 42% in the cost of capital. In addition, they show the decline is driven by the ability of U.S. investors to span the foreign security prior to cross-listing. The findings support the hypothesis that financial market liberalizations have significant economic benefits. 2.2.5 Interaction between subsidiary and parent financing decisions In segmented markets the parent and its subsidiaries will generally have different valuation objectives and investment-acceptance criteria. Under some conditions these depend on the international financing mix. Decentralization can be optimal in the sense of global maximization, provided that the parent is unrealistically free, ex-ante, to optimize its percentage ownership in the subsidiaries at the beginning of each planning period. In the case of a two-country firm, the subsidiaries maximands are independent of the parents. But when the parents ownership position is predetermined at a fixed level, as it is normally, the situation is radically different. Market values cannot then be maximized independently and Pareto optimization is required. Michaels (1974) main result is that, unless agreement can be reached on a compensation principle, the joint ventures cost of capital will be indeterminate. In such circumstances optimal financial planning for the MNC as a whole may be impossibl e. Concluding remarks draw attention to the attendant possibility that the MNC in this case may be unstable and/or inefficient. 2.2.6 The MNCs capital structure decision An MNCs capital structure decision involves the choice of debt versus equity financing within all of its subsidiaries. Thus, its overall capital structure is essentially a combination of all of its subsidiaries capital structures. MNCs recognize the tradeoff between using debt and using equity for financing their operations. The advantages of using debt as opposed to equity vary with corporate characteristics specific to each MNC and specific to the countries where the MNC has established subsidiaries. Madera and Fox (2007) indicate some common firm-specific characteristics that affect the Macs capital structure such as stability of Macs cash flows, Macs credit risk, Macs access to retained earnings, Macs guarantees on debt and Macs agency problems. They also point the unique host country characteristics can influence the MNCs choice of debt versus equity financing and therefore influence the MNCs capital structure. These characteristics include stock restrictions in host countries, interest rates in hose countries, strength of host country currencies, country risk in host countries and tax laws in host countries. 2.3 Risk analysis 2.3.1 Country risks With operations under the jurisdiction of a foreign government the firm is also exposed to political risk, therefore it must estimate the potential costs it will face due to unstable governments, regime change and changes in policies. Political risk may be defined as a particular exposure to risk which depends on the actions of a government, and its assessment or analysis for a MNC is a decision-making tool for investing in foreign countries. An MNC must assess country risk not only in countries where it currently does business but also in those where it expects to export or establish subsidiaries. Many country risk characteristics related to the political environment can influence an MNC. Madura and Fox (2007) indicate that an extreme form of political risk is the possibility that the host country will take over a subsidiary. In some cases of expropriation, some compensation is awarded, and the amount is decided by the hose country government. In other cases, the assets are confiscated and no compensation is provided. Expropriation can take place peacefully or by force. They also explore other common forms of country related risks include attitude of consumers in the host country, actions of host government, blockage of fund transfers, currency inconvertibility, war, bureaucracy and corruption. Over recent decades, there has been a significant increase in political risk for MNCs. This is true not only for an MNCs operations in developing countries, but also for those in developed countries. Governments have felt the need to respond to various pressure groups aimed at curbing the power of MNCs. For example, oil companies may face unfavourable legislation designed to pay for the damage to environment. Developing countries may have to respond to populist sentiments or worsening economic circumstances by seeking to renege on contracts signed by previous regimes. Another risk area which has grown in recent years has been the strength of fundamentalist religious groups in a number of eco