Acquainted with the Night a Story of Night Walks Experience Essay Essay Example

Acquainted with the Night: a Story of Night Walks Experience Essay Essay Robert Frost’s verse form â€Å"Acquainted with the Night† is told from the point of position of an unknown individual. This individual tells a narrative about how he/she has taken legion late dark walks. specifically in the rain. Using tone. enunciation. the rubric. construction imagination. and linguistic communication. Frost writes a verse form about a person’s late dark experiences to associate to similar experiences that a reader may hold encountered. With Frost’s word pick and the rubric he chooses to state this narrative. the verse form comes to exhibit a glooming tone. Immediately after reading the rubric of the verse form. it can be derived that the lines to follow will chronicle some signifier of darkness because the word â€Å"Night† in the rubric is a natural incarnation of darkness itself. To assist back up the glooming tone initiated with the rubric of the verse form. Frost chooses words such as â€Å"rain. † â€Å"down. † â€Å"saddest. â€Å"dropped. † and â€Å"cry† to dwell the organic structure of his verse form. It should besides be noted that the talker in the verse form is invariably distancing himself/herself from life and visible radiation as he/she out walks â€Å"the furthest metropolis visible radiation. † attempts to conceal from the watcher. is â€Å"far off from an interrupted call. † and is â€Å"further still† from the visible radiation of t he Moon. The fact that the talker is unidentified gives more support for the verse forms glooming tone. These elements. the tone. rubric and enunciation used. contribute to Frost’s intent for the verse form because they characterize the dark puting that allows the poet to compose a narrative that is both credible and easy to associate to. We will write a custom essay sample on Acquainted with the Night: a Story of Night Walks Experience Essay specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Acquainted with the Night: a Story of Night Walks Experience Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Acquainted with the Night: a Story of Night Walks Experience Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Frost applies a construction and an facet of imagination to the verse form that allows it flux nicely while separating each separate happening that the talker references as he/she tells the narrative. Frost uses vowel rhyme as he rhymes â€Å"night† with â€Å"light. † â€Å"lane† with â€Å"explain. † â€Å"feet† with â€Å"street. † â€Å"good-bye† with â€Å"sky. † and â€Å"right† with â€Å"night† in an ABA rhyming form for each three line stanza and an AA form for the concluding two line stanza. These terminal rhymes give the verse form beat. The poet besides uses symbolism when speaking about the facets of dark versus visible radiation. Darkness seems to come from the below and visible radiation from above as Frost writes of a â€Å"city light† and a â€Å"luminary visible radiation against the sky† . The darkness in contrast is seen far off from the visible radiations and â€Å"further from the sky† . By using constituents of the actual linguistic communication in the verse form. Frost emphasizes of import points that he wants his audience to take note of to do the scenarios he discusses in the verse form easier to understand. The poet uses the scheme of repeat a figure of times as the words â€Å"I have† get down all three lines of the first stanza. the first two lines of the 2nd stanza. the first line of the 2nd stanza. disappears from the 4th stanza. and reappears in the 5th stanza and the last line of the verse form. Frost does this to foreground that the talker of the verse form is familiar with the dark of the dark. In add-on. the phrase â€Å"acquainted with the night† is. including the rubric. repeated three times in the verse form to underscore the fact the talker is so rather familiar with the scenarios that he/she is depicting. Through tone. enunciation. the rubric. construction. imagination. and linguistic communication. Robert Frost tells the narrative of how and why the talker has become â€Å"acquainted with the night† with the intent of associating what takes topographic point in the verse form to similar ordeals that a reader may hold experienced. The poet makes the tone of the verse form dark and gloomy so that the words the talker says incorporate a more baleful and powerful weight to them. This helps to do the verse form feel like an escapade.

The Bluest Eye- Difficulties within the Marriage essays

The Bluest Eye- Difficulties within the Marriage essays Have you ever known anyone with marriage problems? I fm sure you at least once or twice you have witnessed an argument, maybe even a separation or divorce. The main idea here is that this is all very normal. No marriage is at all easy, and it tends to come packaged with many disagreements and hardships. In the novel The Bluest Eye, Toni Morrison uses the marriage between Pauline and Cholly to symbolize the difficulties a marriage can bring to life. Cholly is a drunk, abusive husband who turns violent almost every time he comes home. Pauline seems to be stuck in the past with her happy love thoughts about when she and Cholly first met. Throughout the book we get a close look at the relationship between Cholly and Pauline and all the difficulties that come with it. It raises some interesting questions as to why they are still together. Throughout the novel, Morrison seems to be saying that while being in a marriage, a person should take the good with the bad and realize th ings change with time. No two people are exactly the same and that right there is enough to cause differences in opinions and attitudes. From the way it sounds, their relationship starts out like any other, there are the many happy times and laughs that they share together. The relationship is new and exciting, and it seems as though the two of them will be perfect for each other. Then they decide to marry and the truth sinks in, this is for the long run. In order to make a marriage successful, two people have to work together to make things run the right way. The excessive drinking and abuse that Cholly shows towards Pauline has a lot to do with his past. His mom left him in a dumpster because she decided she didn ft want him, only to be rescued by his uncle. That fs a lot for someone to carry over his or her shoulders. The idea of knowing that his parents didn ft want him must have been an awful feeling. On the other hand, that should be all...

Development plan for strengthening scholarship and professional life Assignment

Development plan for strengthening scholarship and professional life - Assignment Example A scholarship enables an individual to make educational advancement in improving professional performance within the nursing profession. The personal development plan remains essential in ensuring improvement of both the professional and scholarship lives. Within the professional life as a nurse, the fundamental role remains the provision of nursing care to individuals who require the services. The functions undertaken as a nurse have been fundamental in determining the quality of services offered within the profession. The fundamental requirements in undertaking the various responsibilities include different skills, which are essential in performing various functions. Communication remains a basic requirement within this profession as individuals must communicate in seeking to gather information from individuals being provided with care. Effectiveness of the services delivered in the nursing profession remains highly dependent on effective communication. This enables one to understand the other individuals and the patients receiving care as well. Working relationships with other professional employees also presents a significant impact upon the services delivered within the healthcare sector. Many of the care services are provided by different professional in achieving holistic care. The relationships existing between these professional have fundamental effect in care delivery and establishment of good relationships remains a basic requirement for the ole of a nurse. Knowledge and understanding enables one to effectively manage the various situations which commonly face nurses within the profession. The knowledge is commonly gained from educational training and work experience, as well (Sinclair & Ferguson, 2009). This remains one of the fundamental aspects required in ensuring effective delivery of healthcare services. Continuous improvement of the above aspects remains

Motivation and Concept Table & Paper Essay Example | Topics and Well Written Essays - 1000 words

Motivation and Concept Table & Paper - Essay Example Therefore, each employee aims to provide the best service possible in order to reach the goal of guest satisfaction. In the hotel industry, cognitive motivational theory through goal-setting provides the operational framework in which the employees approach their work. In creating a successful atmosphere within a hotel, cognitive motivational theory has a significant use in creating the appropriate structure in which to help motivate the employees of the hotel to excel in their positions. An important part of cognitive motivational theory is goal-setting in which the employee sets standards and goals for themselves in order to meet a standard that is more than satisfactory for their guests. According to Bandura (2007), â€Å"By making self-satisfaction conditional on matching the standard, people give direction to their actions and create self-incentives to persist in their efforts until their performances match their goals† (p. 128). The goals of the hotel staff are to create a satisfactory experience for the guests. In order to do this effectively, setting personal standards and levels of service that is above the standard will create a better experience for the guests and a sense of satisfaction for the employees. Usually, the front desk manages the calls from guests who have requests and complaints. Sometimes a large hotel will have a phone center to field calls, but most often in an average through small size hotel it is the front desk who manages these calls. Job satisfaction through goal setting within cognitive based motivation occurs as an employee is able to achieve excellent service for the guest. The front desk is the front line between the operation of the hotel and the multiple departments that must accomplish their goals and missions in order to create guest satisfaction. One way in which management may reinforce goal-setting motivation will be

Wicca Research Paper Example | Topics and Well Written Essays - 1250 words

Wicca - Research Paper Example Nevertheless, an in-depth look into the nature of Wicca somehow dispels most of the previous negative concepts associated with it. Far from its reputation of destructiveness, Wicca is actually a religion of natural healing and deep spirituality. Due to the absence of higher authority, prophet or Bible in Wicca, it is difficult to specify the basic tenets and principles of the religion. Nevertheless, there remain 13 principles upon which Wiccan belief is based. First, Wiccans feel the need to attune themselves to nature or the â€Å"natural rhythm of life forces† (Robinson, 2010). These forces are usually determined by the movement of the moon. Second, Wiccans recognize the fact that they are stewards of nature and that this responsibility stems from their own intelligence and consciousness. Third, Wiccans believe in the possibility of achieving supernatural power, but would most likely believe that non-Wiccans cannot possess the same thing. Fourth, Wiccans recognize the creati ve power of sex as well as the role of the masculine and feminine polarities in achieving creative power. Fifth, Wiccans recognize the dualistic existence of a world which is both physical and psychological or spiritual. Nevertheless, unlike other religions which focus their attention on the latter, Wicca presupposes the equal purpose of both worlds. Sixth, Wiccans do not recognize any leader or hierarchy of leadership but only those who have shared their wisdom with others. Seventh, Wiccans recognize the unity among religion, magic and wisdom – and they consider this particular worldview as Witchcraft or the Wiccan Way. Eighth, Wiccans recognize that the title â€Å"Witch,† when ascribed to oneself, does not in any way have a negative connotation. Instead, a â€Å"witch† means someone who â€Å"[seeks] to control the forces within himself† in order for him â€Å"to live wisely and without harm to others and in harmony with nature† (Robinson, 2010) . Ninth, Wiccans regard life as a journey towards the continuous development of consciousness. As one’s consciousness develops, his knowledge of the universe also expands. Tenth, Wiccans feel a particular â€Å"animosity† towards Christianity and all other religions that declare themselves to be â€Å"the only way,† for this is tantamount to denying freedom to many other ways of achieving spiritual development. Eleventh, Wiccans basically do not want to dig deep into history and would consider themselves different from the wicked witches of the old. Twelfth, Wicca does not accept the idea of absolute evil but this does not mean that they recognize Satan or the Devil. Wiccans also do not rejoice in the suffering of others and do not advocate greed. Thirteenth and last, Wiccans believe that the secrets to good health and well-being lie within Nature (Robinson, 2010). In addition to the above 13 principles, Wiccans also believe that God, â€Å"The One† or â €Å"The All† is the one force that has created this universe and is still constantly creating it. God for the Wiccans is both male and female, and would regard the various Gods and Goddesses as mere aspects of â€Å"The All,† However, as Wicca is a decentralized religion with no clear higher authority, some Wiccans are pantheists, others are atheists, while some remain as agnostics (Robinson, 2010). Moreover, the Wiccan version of the Golden Rule is â€Å"Do what you want, as long as you harm none† (Cunningham, 2005). Harming none, however, means both not harming others and not harming oneself. Therefore, if one abuses his body and denies it the necessities of life or gives it too much pleasure, then one violates this moral principle (Cunningham, 2005

The Contemporary Issues In Branding Marketing Essay

The Contemporary Issues In Branding Marketing Essay INTRODUCTION The history of the brand Paul Smith is somewhat unusual and requires special attention. Indeed Paul Smith was not originally made for the world of Haute Couture Fashion there but fate led him to this path there. Originally Paul Smith wanted to be a professional cyclist but a terrible accident befell him which forced him to abandon those dreams. But he conceived a passion for fashion and sewing, so in 1970 he opened a small clothing store in Nottinghams hometown away from big name fashion based in London. He decides to take evening classes in sewing and in 1976 he introduced his menswear collection in Paris under the Paul Smith brand. In 20 years it is established as the British designers most prominent. He succeeded brilliantly blend with the contemporary and traditional British while anticipating trends beautifully. Paul Smith has the ability to anticipate, and even spark off trends not only fashion goal in the wider context of popular culture (website Paul Smith 2009). Today the brand has 12 different collections, boutiques worldwide, a turnover of  £ 171 m and sales are growing between 50-60% since 1993. (S Bruzzi and PC Gibson 2005). However this success was no accident. Before discussing the strategy of the brand Paul Smith, we are interested in what a brand means. Indeed for (American Marketing Association 1960) is a trademark a name, term, design, symbol or any other features that identifies one sellers good or service as distinct from other sellers Those gold. This means that each brand is unique and requires the consumer to bind to it. A man does not give a woman a box of branded chocolates Because she is hungry. Instead, he selects a brand that communicates something about his relationship with her. (Leslie Chernatony and Malcolm McDonald). In addition to a successful brand to penetrate the market it must develop a sound strategy A brand can not function without a strategy.(CIM) In this sense we will establish brand strategy Paul Smith and try to find ideas for future development. The Brand indentity, Brand Onion The strategy of a mark as said above prominently. Indeed the goal of strategy is to obtain a competitive advantage in the marketplace. From (Arnold, 1992) strategy for a brand is the means by which have established the brand in the consumers mind that he has the impression that the purchase gives it an advantage. In addition, a consumer generally does not retain 3 brands per category of product where the goal for Paul Smith to be part of those 3 brands in this market highly fragmented and highly competitive. The strategy chosen by Paul Smith is to position itself behind a mark of luxury. To understand the process undertaken by Paul Smith would be wise to start with the Brand Onion Analysis is a tool for studying the brand identity. This tool represents a cross section showing the different layers of positioning the brand Paul Smith. So we have a side position which represents the internal brand identity and positioning the other side shows the external image. However this model is far from complete since it does not incorporate the concepts of competition there is the concept of customer brand perception BRAND ONION PAUL SMITH Which brings us to the theory of which Kapferer celoni to know the real identity of the brand Paul Smith must answer 6 questions are What is the brands particular aim?, What makes it different?, What is the need fulfilling brand?, What is its permanent nature?, What are its value or values?, What is its field of competence? Of Legitimacy?, What are the signs Which make the brand recognizable? (The new strategic brand management, Kapferer, 2004). By answering the questions we see that Paul Smith is planning to focus on the authenticity of products with unique luxury design very British. What can be said that the brand Paul Smith is building a true identity which has not changed since its inception. For proof, all these shops are the same worldwide. Furthermore it keeps a certain closeness to the customer because he does not hesitate to get out of these offices in the shop in London to advise customers on clothing or accessories. (Paul Smith website). The graphic brand also occupies an important place in the strategy of a mark to it which allows it to recognize a particular brand to a consumer and shall convey universe. Choosing symbols requires a clear definition of what the brand means (The New Strategic Brand Management, Kapferer, 2004, p 174). To brand Paul Smith that is characterized by the features of different colors. Following this we must determine the image of Paul Smith from Riezebos (2003) networks of knowledge elements stored in long term memory What mean all information of a mark stored in the long term and it gives credibility to a brand therefore the Paul Smith brand that is equivalent to the authenticity of a traditional British style, a luxury brand, International, contemporary lines of many colors dear, close, special design, fashion and quality at last. Positioning A brand to thrive in the marketplace must know its position. How To (Keller 2003). For this we use the points of parity and points of difference more generally known as POPs (point of parity) and PODS (points-of-differences). For the POPS we look at what is similar compared to these competitors and the PODS we look at what makes the difference. According to (Keller 2003) a mark must know who are the targets, competitors and how the brand is perceived by the consumer. The Paul Smith brand is therefore in a position of luxury, as well as traditionalism contemporanee, quality, unity of design which makes a mark rich, bold and authentic because it has managed to keep its guideline for it. This allows the consumer to recognize in Paul Smith a sure bet that a true story and unparalleled expertise. Differentiation Brand usually chooses the differentiation strategy because it is a good way to outperform to their competitors. By differentiation it means superior quality, brand image or unique features. And as said Levitt (1980) there are four main phases of differentiation as following: Potential product = product with brand universe Augmented product = Products with some differentiation Expected product = Basic expectations products Generic product = store brand products In others words, when we use this model to Paul Smith, generic and expected product is a basic store brand t-shirt. Although augmented product is a high quality and special design for a t-shirt and potential product is the same one t-shirt with some brand image and universe (values, identityà ¢Ã¢â€š ¬Ã‚ ¦). That is why it appears clear that Paul Smith offers a large range of potential product. Indeed, Paul Smith is a luxurious fashion brand but their offering is quietly different to Kenzo or Hugo Boss. Behind the purchase of Paul Smith clothes customer wants to buy design, quality, and history or also brand valueà ¢Ã¢â€š ¬Ã‚ ¦ What are characteristic to Paul Smith. And this differentiation strategy is Paul Smith roots without this Paul Smith does not exist or exist as a basic fashion brand. Brand extension and architecture Brand extension is when a company chooses to diversify their range of products by appealing to different segments and a much larger audience. (Keller 2008) say using sub-brands to target new market segment within the same product category.There are two main types of diversification: related (which introduces products in the same range) and unrelated (which launches in different range). As Paul Smith is a famous fashion brand with a clear differentiation strategy, extend it would be easier by using brand notoriety through the launch of sub-brands to target new market segment within the same product category. Actually the fact to diversify its offers is a well-known practice which aims to gain market share. Therefore, people who particularly enjoy the Paul Smith colored lines and spirit they could also have the choice in a larger range of products built as following: Paul Smith Fragrance lotion Accessories Womenswear Menswear Bags, purses, wallets, luggage Spectacles and sunglasses Shoes Furniture: rugs, china Hats, scarves, gloves, socks Cufflinks Watches Books Stationary Paul smith gifts collection china Watches Jewellery Paul smith jeans Paul smith red ear PS by Paul smith Paul smith London Paul smith mainline men Paul smith swimwear Paul smith underwear Paul smith man Paul smith women Paul smith rose Paul smith sunshine Paul smith extreme Paul smith black Paul smith, mainline women Paul smith by Paul smith Paul smith swimwear Hence, between all their sub-brands and whatever the segment or also the products there is coherence. Indeed, they all own to Paul Smith brand and then respect the brand image, values, style in a whole. This extension allows Paul Smith to increase their global sells and thus gives to the brand the opportunity to gain new customer. That is why, Paul Smith brand extension means more products but also more notoriety. Question 2 The market for haute couture is to fashion is a highly competitive market that is constantly changing, leaving room only brand who knew the value and who managed to speak with her. We will try to find solutions for 5 and 10 years for the brand Paul Smith manages to differentiate itself from other brands and thus register more in his style and values that make Paul Smith is a unique brand. To establish a sound strategy and propose ideas axis to follow it must first know the fashion market, but also all the strengths, weaknesses, opportunities and threat of brand Paul Smith. We have therefore identified in the table below represents a SWOT and marketing mix with all these data. Then the fashion market is 130 billion euros in 2007 (Eurostaf, 2007), it is segmented as follows volume. 15.9% for the Ready to Wear, Glasses 7.9%, Jewelry-watch 11.8%, 10.4% Leather, Footwear 3.9%, 3.1% accessory, Art House 1 4%, 23.4% and Wellness Wines and Spirits 22.5% (Eurostaf, 2007). However we must also consider the geographical location of purchasing volume to provide new routes to follow consistent. America represents 33% of sales 29.1% Asia, Rest of World 2.4%, Europe 35.5% (Eurostaf, 2007). According to the figures and SWOT brand Paul Smith must mark covers a solid strategy and consistent differentiation in order to differentiate themselves in the short and long term. Collection (5 years) In this sense, and after the first analysis the brand Paul Smith should start in a new childrens collection, baby to broaden its range of consumer and thus differentiate themselves. However this style of collection already exists for large brand like Kenzo, Christian Lacroix and therefore it will be difficult to prevail in this new market for already occupied by a great brand. Then it would be wise to make the brand more affordable timely example by creating special collections for large chains ready-to-wear such as H M and Sonia Riquiel. The advantage is that it does not cost very expensive to design for Paul Smith, more than it helps to know the brand to a wider range of people since it affects all socioeconomic classes and therefore it allows it to include brand in the minds of people, which allows it to know more. Emergence (5 à   10 yearss) One notes from the figure that the Asian market represents 29.1% of share volume and the rest of the world represents only 2.4% so it certainly would make sense for the brand Paul Smith to extend further more in the Asian market by opening such stores in Vietnam, India, China or Russia are countries undergoing expansion and economic growth. Also Paul Smith knows well the Asian culture and the market having already great reputation in Japan. He could easily adapt it to end these new market very applicant Luxury. Fair-Trade (10 years) Ecology, organic products and fair trade are Fashionable. For Paul Smith is a chance to differentiate itself from other brands. In fact any luxury brand clothing offers no organic or fair trade. It would be very interesting to offer clothes from organic cotton and fair trade as it is more justified are brand contemporary and traditional British register that fact in the times by offering luxury clothing but environmentally conscious and men who produce these fabrics. Also this will make mention of the brand Paul Smith tends the founder of a new market niche. Communication (5 yearss) The Paul Smith brand communicates only rarely and not at all entered into a system of advertising increased as one might see in any other brand. But even if that differentiates it from other brands it might in the long term to be forgotten and so therefore get danger. To avoid this it is imperative that the brand continues to propose partnerships with various industries positioned in other markets. Furthermore it would be wise to make a Sponsorship with great charity as the fight against cancer and the fight against AIDS, which allow the brand to communicate citizen in the eyes of consumers and thus differentiate it from other brands Luxury to attract more customers. Finally, to continue this communication it is interesting that regularly offers worldwide shows presenting the new collections but also with the spirit Paul Smith with partnerships. Furthermore it could provide food for charitable continue branding citizen. Conclusion The Paul Smith brand is a brand in itself and deserves his place among the greatest of Fashion. She knew how to combine a knowledge uncommon and has kept a single guideline that has originality. Despite increased competition she knew her escape unscathed by conveying an image identical across years. Nevertheless the figures show that the market is changing and it would be wise to find a new segment to differentiate itself from other brands. In the mainstream located above it will have a strong chance to continue in the next 10 years or even become a pioneer in some field and therefore develop a model for other luxury brands.

Psychology & Religion: The Spirtual Side to Counseling Essay -- essays

Abstract: In today’s society the field of psychology and the study of religion have hardly ever set will with one another. New information is being composed about the two fields working together, this paper is a brief description of those ideas and thoughts.   Ã‚  Ã‚  Ã‚  Ã‚  The psychological study of religion in the United States illustrates tensions and opportunities that exist between psychology and religion. It also demonstrates the multifaceted views taken by psychologists as they address areas of living that have personal implications. Following the early period, American psychology’s push toward behaviorism resulted in the neglect of spiritual matters. The reductionism methods of behaviorism left little room for matters of faith, or for any other theoretical constructs that were not measured directly. Consequently, psychology left religion for other topic that were considered to be more scientific and several decades of neglect ensued. Psychologist’ interest in religion resumed in the 1950’s. Gordon Allport’s (1950) attempt to describe the role of religion in people’s experience began his indelible mark on the field, and to this day his Intrinsic-Extrinsic distinction in religious motivation r emains the most influential approach in psychological studies of religion in the United States. In the years since then, several developments have combined to suggest, according to the traditional view of psychology of religion, that the fields is experiencing a resurgence of interest. These include the establishment of professional journals giving an outlet to psychological study of religion, and the apparently increasing availability of college classes focusing on psychology of religion.   Ã‚  Ã‚  Ã‚  Ã‚  Psychologists who study religion, however, address â€Å" an object whose reality can be received only in the state of faith† (p.32). the act of belief is critical to religious knowledge and experience. In psychology, skepticism is an enduring value, but in religion it is an intermediate step on the pathway to belief. This sets up a tension between psychology and religion, which results in psychologists having low rates of religious activity, when compared to other scientific and academic groups (Richards & Bergin, 1997). The methods and assumptions favored by psychology have appeared to be incompatible wi... ...terest to psychologists. It also challenges the psychologist’s ingenuity to conduct research on constructs that cannot easily be studied experimentally. At a more abstract level, the link between psychology and religion helps psychology maintain its historical connection with philosophy. As psychologist seek to employ the techniques of the natural sciences, the psychology of religion reminds us that our roots are in philosophy, and that the assumption we make regarding our subject matter have important implication for our science. Bibliography   Ã‚  Ã‚  Ã‚  Ã‚  Baston, C.D. (1996) You take the high road. The International Journal for the Pyschology of Religion, 6, 159-164.   Ã‚  Ã‚  Ã‚  Ã‚  Bergin, A.E. (1980). Psychotherapy and religious values. Journal of Consulting and Clinical Psychology, 48, 75-105. Hood, R. W. Jr. (1999, November). American Psychology of Religion and the Journal for the Scientific Study of Religion. Wulff, D. W. (1998) Rethinking the rise and fall of the psychology of religion. In A.L. Molendijk and P. Pel (Eds.), Religion in the making: The emergence of the sciences of religion, (pp.181-202). .

Banking System of China Essay

The Chinese banking system is said to be undergoing some tremendous change in the wake of the emergence of China as a major player in the global economy. This is so after several years of state ownership and communism that was so prevalent in the country. The reforms in the Chinese banking system commenced in the 1980’s to date. The structure of the Chinese banking system initially was monolithic with the People’s Bank of China being the only bank allowed to do banking business in the country as its Central Bank. But this changed in the early 1980’s when the Chinese government allowed some state owned banks that were specialized to start doing banking businesses and taking deposits. The banks licensed included: Agricultural Bank of China, Bank of China, China Construction Bank and the Industrial and Commercial Bank of China. This were the pioneer specialized banks in China and in 1994, there was the establishment of new banks whose purpose was policy specific lik e the China Development Bank, Export Import Bank of China and the China Development Bank CITATION Cla14 l 1033 (Claessens & Kodres, 2014). These banks have a varying ownership degree by the public that was done through the initial public offers but despite this, the majority shareholder of these banks is still the Chinese government. Several joint stock commercial banks and city c commercial banks have been licensed to operate in China. The government of China has also licensed banks that are dedicated to develop the rural centers of China. Foreign banks have also been allowed to operate in China. As of 2010, the total of the assets of the Chinese banking system were 14 trillion dollars. The four specialized banks in China at that time controlled 48 percent of these assets. The main regulatory body that controls the banking system is the CBRC (China Banking Regulatory Commission) that is charged with the responsibility of making rules and regulation of China banks CITATION Loo13 l 1033 (Looney, 2013). The CBRC is in charge of oversight and collects banking statistics to be used in the process of approval of bank expansion. It also goes a long way in solving the potential solvency and liquidity issues that might trouble banks. This People’s Bank of China while acting as China’s Central bank has quite an authority over the Chinese banking system. This includes the typical role played by the central bank of representation on international monetary forums and maintenance of monetary policy. Its other roles are the reduction of risk and promotion of financial stabilit y of the system. The PBC is also responsible lending regulation and the exchange of foreign currency between banks. It supervises settlement and payment system in the country. The Chinese banking system does not consist of a deposit insurance where the depositors are protected from the loss of their funds in case the banks get wound up. However reforms are underway to ensure that Chinese depositors are able to get insured for their deposits. In the beginning of 2009, the Chinese government encouraged a large credit boom in order to offset the possible effects of the global financial crisis. The larger part of this credit was used to finance infrastructure and construction of real estate which helped China to grow by forty five percent between 2008 and 2013. At the same time, the International Monetary Fund’s credit reports increase to 200 percent with much of it coming from bonds, loans and non-bank financing equivalent to 13 trillion dollars. Out of the 200 percent increase, non-bank financing accounted for two thirds of the total CITATION Loo13 l 1033 (Looney, 2013). This meant that the flow of credit was not from regulated Chinese banks but from Chinese financial institutions. The Chinese shadow banking system which has evolved over this period comprises of several layers which include capital markets, non-banking financial institutions and the informal sector. Review of Literature Globalization is a multifaceted term and deals with all the social, political and economic issues in the developed and developing world. The world has seen many changes in the form of innovation, technological advancements and economic prosperity. One of the major shifts in the current era has been the creation of a world with no boundary. This has resulted into integration of technology and modernization of production and working methods. This paper presents an in depth analysis on determining who have benefited from globalization in China. The term ‘globalization’ has been a concept which has integrated in the world of current times. Globalization pertains to the growing relationships of people, culture, and economic activity on the global level. The term is often utilized to refer to the perspective of economic globalization: it is the production and distribution of the services and goods on the global platform and takes place with the help of the reduced obstacles of international trade. These trade barriers include the export fees, tariffs, and import quotas, and also comprise of the free movement of investment and capital in the entire world. There are many ways countries that have benefited from globalization in China CITATION Cla14 l 1033 (Claessens & Kodres, 2014). The impacts of trade brought by globalization could be seen by the diffusion of the art of glass making in China from Western. Religious ideology spread quickly in all directions through globalization. Mercantilism for instance spread fro m the West to the East through globalization. The easy flow of ideas, art and culture resulted in economic, cultural and social vibrancy that was unmatched anywhere else in the world. Globalization has made China’s economy the fastest growing economy with an average of 9 percent of growth in the last three decades. China has the largest volume of goods imported and exported throughout the global market. Provinces at the coasts of China are more industrialized and developed than those in the hinterland. It is for this reason that China has a substantial influence on the world economy because of the large volume of trade. The most valuable sector of China’s economy is industry and agriculture CITATION Moo99 l 1033 (Moore, 1999). The Agricultural output has been adversely affected by erratic and sporadic weather of East Asia. The industrial sector in China has advanced more than the agricultural sector in China because of incomes, technology and labor productivity. The differences in the two sectors of the economy are the reason for the social, economic and cultural disparity between the urban and rural areas. China is the leading producer of mineral an d industrial products like coal and oil. According to statistics, China has achieved a growth level of 10.9%, which is quite a massive growth. With this rapid growth, people are now quite able to achieve higher living standards which can be observed in China where people can now be more luxurious in the goods they buy over the inferior ones CITATION Loo13 l 1033 (Looney, 2013). The government of China can now provide timely and more efficient services for everyone’s wellbeing. This is as a result of more people being able to pay their taxes as there are more employment opportunities. The availability of more revenue has enabled them to improve on the medical healthcare facilities and education. This not only has private benefit, but a healthy population can be more productive due to the increased life expectancy. With increasing globalization, Western Europe established favorable for trade and entrepreneurship through its educated workforce working in China. The development of infrastructural linkages in China favors trading in the region. This process has enhanced the rate of international trade of different services and goods. The production processes have been broken down into various stages separated by the geographical boundaries and is conducted on large scale. Moreover, an enormous expansion in the manufacturing exports has occurred from many developing countries. All these factors have created new opportunities and possibilities for the developing regions of the world.   For instance, during 1900s, the Japan and China experienced an increasing market share while the rest of the world witnessed the export share to be decreasing. China’s globalization has also enhanced the participation of the developing world in FDI expansion. Due to the boosting of financial expansion in the industrial world, the developing nations have also obtained a platform to give their contributions in the financial world and enjoy the advantages of modern concepts CITATION Cla14 l 1033 (Claessens & Kodres, 2014). Globalization in China has encouraged increased flight of capital and ideas to other countries like Korea and Japan which have increased their inventiveness and expertise through the hiring of fresh and innovative human resources from the developed nations. Moreover, they are able to avail the opportunities of investing in the developed regions of the world as well as attracting newer investments from other parts of the world CITATION Yen14 l 1033 (Yen, Lai, & Wang, 2014). China’s globalization has in turn influenced the neighboring countries. India for instance has picked a few lessons from China and has adopted a more open economy in the process. This has in the process transformed the nation as regards to development and creation of opportunities in the global scale for most multi-national companies. Globalization in China has resulted in an increased level of trade of China with other countries that are in different parts of the globe. Its recent growth has led to the revi val of Japan’s economy and in the process saving them from recession thus averting a serious global downturn. With the huge population figures in China, it has provided markets for American companies and their products. This has led to the flow of income from the U. S to China. The exported cheap products that are produced in the US has resulted in the increase of job opportunities thus an improvement of the living standards of the Americans and other countries nationals who are in active trade with China. With globalization China has been able to export some of its products to markets like the U.S thus managing to keep the level of inflation and interest rates down in the process prolonging the economic boom in America CITATION Cla14 l 1033 (Claessens & Kodres, 2014). The success of globalization in China has led to decreased cases of wars and conflict in the globe. China is often a quiet participant in global conflict and its lack of interest in conflict has been beneficial to the global stage. With globalization it has managed to steer away from instances of tug of wars with the other global super powers. It does not sponsor insurgencies in conflict prone areas like the Middle East Asia and Latin America unlike other superpowers. It has by all means through globalization supported the global financial institutions like the IMF in assisting the poor CITATION Moo99 l 1033 (Moore, 1999). As a result of this, third world countries have benefited the most from China’ s generosity as regards to funding and sponsoring of development projects in their countries. In recent time China has been an active participant in the African scene f infrastructure with most of the projects in these countries being sponsored and conducted by China. This in esse nce shows Africa as the direct benefactor of globalization in China. China has been able to provide loans to these countries and in the process has strengthened ties with these nations. The concept of globalization has also proven to be a friend to the developing world by providing it the chances to stand in the line of competitors and thus, aim on attaining efficiency and competitive advantage Methodology The non-banking financial institutions constitute the larger part and they are subject to regulatory oversight. The oversight involves various degrees that include direct loans for surfeit funds from companies to trade credit or other borrowers, wealth management products and trust companies, pawn shops, micro credit providers, over 3000 private and equity providers partly funded by private investors, consumer credit institutions, and financial guarantors to finance companies. The capital markets allow institutional investors and insurance companies to by debt and equity securities. The informal sector poses as a major risk for the Chinese economy because it involves direct lending between secretive and individual lending which is often conducted by illegal loan sharks like back lane bankers and unrestrained capitalists who offer loans at high interests to small business enterprises. What drives this tremendous growth of the Chinese shadow banking system is the regulation and structu re of the country’s financial system. China’s credit markets is dominated by four major banks that are controlled by the state and focus on lending to government associated firms , enterprises owned by the state and projects with official sanctions. This makes it quite difficult for other businesses to gain access to bank credit which triggers shadow banking to fill this gap. This exemplifies a popular saying in Chinese culture which asserts that’ countermeasures come from below while policies come from above. There is immense risk that is associated China’s shadow banking system which questions the longevity of the Chinese financial welfare. Although it may be difficult to ascertain the exact size of the Chinese shadow banking system, it is evidently growing rapidly and accounts for approximately 70 to 100 percent of the country’ GDP CITATION Yen14 l 1033 (Yen, Lai, & Wang, 2014). A major problem is that most of the financial guarantors and trust companies of the Chinese shadow banking system often lack enough capital. This forces them into an average leverage that is twenty times their worth given that most of the investments are of high nature. More so, the detail as to what exactly the investor will use the funds for is not clear. There is ambiguity regarding how to enforce security interests and due diligence by the investment enterprise or sponsor and the rights if the investor and borrower. The controls and oversight of the shadow banking system are weak since it operates with regulations that are limited. Main Issues/ Findings The share of lending by Chinese banks has now decreased from ninety percent over the past ten year to fifty percent showing how much the Chinese economy now relies on the shadow banking system as a vital financial source. This has mostly affected the local governments, small and medium sized enterprises and property companies. This interconnection between conventional banking systems and the shadow banking system lead to the creation of moral hazards and additional risk based on regulatory reasons CITATION Loo13 l 1033 (Looney, 2013). The banks often use the shadow banking system when shifting loan assets from their window financial statements and balance sheets for investors and regulators. For example, when Chinese banks are not able to lend funds at high interests to companies, they use Wealth Management Products and Trust Companies. They also create products of investment for investors looking for higher returns thereby acting as an intermediate between borrowers and savers Chine se banks has thus used shadow banking investment products like Security Brokers and Trust Companies to maintain the earnings and market share through the commissions and fees from the products. Currently, there has been an increase on the number of Wealth Management Products issued by Chinese banks has increased from roughly 100 billion dollars to 3 trillion dollars CITATION Kuh12 l 1033 (Kuhn & Yang, 2012). Shadow banking has caused uneven credit quality of many borrowers in the market. This is because of the variability in collateral used to secure loans. Although most of the wealth management products are invested as bond markets, interbank deposits and money markets whose large proportion is secured through real estate. The problem with real estate is that the investors are highly vulnerable to losses because property values fluctuate every now and then. This exposes them to high negative risk. There are also other risky forms of collateral in shadow banking which include invaluable commodities and industry machinery and other exotic forms like graveyards that also expose businesses to risk. Most importantly is the fact that the collaterals pledged may not even be in existence CITATION Cla14 l 1033 (Claessens & Kodres, 2014). A good example is that of Wealth Management Product the Golden Elephant Number 38 which was secured by a deserted housing estate located in rice filed within th e Jiangxi Province of China. This Wealth Management Product offered 7.2 percent to its investors on an annual basis. The collaterals used also entail substantial mismatches whereby long term assets are financed by short term funds that do not generate any income. This poses a liquidity crisis for the financial system and the conduit vehicles which face constant periodic payments and other refinance requirements. This is evidenced by the huge 660 billion dollars’ worth of trust products that have matured as of 2014. The linkages between bank and shadow banking system in China are quite complex in nature. There are different transactions between the different shadow banking institutions. China growing concern over the debt accrued is complicated by the fact that there has been an increase in the rate of borrowing by most of its local government and the important role the shadow banking system plays in this economy. This is quite undermines the Chinese entrepreneurial spirit and highlights the huge problems in China’s system of finance. The relaxation measures taken by the central government in the wake of 2007/2008 financial crisis led to increased government expenditure in an endeavor to increase economic activity. The legal limitation is that the local governments in China are not allowed to ask for any form of funding or rather borrowing. This was after the creation of Urban Development Investment Companies (UDIC) that was allowed to ask for any form of funding the local government need. Ideally, UDIC’s are allowed to ask for funding from banks but the recent action by banks to reduce on loans led them to borrow from the shadow banking system. This has thus resulted in the local banks being left in the dark as there are disputes on the exact figure of borrowings made despite the growing level of scrutiny revolving the issue CITATION Loo13 l 1033 (Looney, 2013). There has been an increased rate of borrowing, misappropriation of funds and servicing of debts due to prices of property increasing in China. The growing concern by the lenders is more likely to reduce the availability of credit and as a result leading to a restrained cash flow. It can be said that the rise of the shadow banking has emerged from the structured financial system that is regulated. The limited access to funds and credit in bank has led to the emergence of shadow banking as the alternative solution to access credit. The regulation by the government in terms of deposits and interest rates has contributed majorly to the growth of shadow banking. The loss of purchasing power by consumers has led them to opt for the high interest rates offered by shadow banks CITATION Cla14 l 1033 (Claessens & Kodres, 2014). The Chinese central government has been on the offence through curtailing of expansion of credit through making reduction in loan quotas thus to a large extend limiting lending to certain sectors in the long run encouraging the growth of shadow banking. The shadow banking system is multi-faceted where there is lending in the informal sector say between individuals and underground lending through shylocks who offer high rates of interest on loans to small businesses. This can be seen as some form of harassment to the small businesses where they incur the high costs of interest rates charged to them by this shadow banking system. The problems by this shadow banking system are aggravated by the fact that this shadow banking system in China is made up of non-banking financial institutions like leasing companies, finance companies and guarantors that are supposed to be regulated. The dominating products in the non-banking institution sector are wealth management products. These trust companies thrive in financing riskier transactions and borrowers who banks cannot do business with because of the strict regulations that come with them. These companies raise money from investors who then invest in securities and loans. The attractions of such investments are the high returns in comparison to bank deposits. The financing of local government projects of infrastructure come from trust funds because of the reluctance of the Central bank to limit the local government financing. A common feature of China’s shadow banking is the working relationship they have with banks. The banks act as an agent in loan from one financial institution to another. Short term government debts interest is administered by the respective Central bank of that particular country. This is so because the sole role of the Central government is the maintenance of economic growth and price stability CITATION Yen14 l 1033 (Yen, Lai, & Wang, 2014). With lower interest rates then there is economic growth this is because of the affordability of credit as the people are able to service their loans and debts at low costs. From Statistics of the Chinese Central Bank, there has been a steady decline and rise in the interest rate in China for the last decade. This could be attributed to the public outcry in the country calling for effective and efficient monetary policy measures by their respective departments of finance. These measures have thus maintained the interest rates to a bare min imum thus enabling the stable economic growth in China. The GDP growth rate figures are an indication of the wealth produced per capita in an economy. This then determines the levels of foreign direct investment that are attracted to an economy. A high GDP and growth rate like that of China shows a growing economy thus a high attraction rate for investors in the country CITATION Loo13 l 1033 (Looney, 2013). The high inflation rate in China erodes the purchasing power of the consumers. The inflation rate of China serves as an economic indicator of the economic direction of the country except for special global cases like Japan that despite low and negative inflation rates show no growth rate. ConclusionFrom this analysis therefore, it is clear that the economic policies and issues of the Chinese economy is determined by various economic variables provided by the Central Bank of China which plays a vital role to ensure the full realization of the economic vision. The central bank’s monetary role and the governments’ fiscal policy role determine the economic development. With a proper and effective economic policies then the economic development agendas can be easily arrived atCITATION nte06 l 1033 (International Monetary Fund, 2006). Shadow banking has grown in China and it is now rivaling conventional banking systems and this has made the country a focal point regarding macroeconomic attention. There is a lot of speculation as to whether or not China’s economy will slow down and eventually cause critical financial upshot as a result of shadow banking CITATION Cla14 l 1033 (Claessens & Kodres, 2014). Consequently, this has become a serious issue that has gained global concern. In the beginning of 2009, the Chinese government encouraged a large credit boom in order to offset the possible effects of the global financial crisis. The larger part of this credit was used to finance infrastructure and construction of real estate which helped China to grow by forty five percent between 2008 and 2013. References Claessens, S., & Kodres, L. E. (2014). The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions. New York: International Monetary Fund. International Monetary Fund. (2006). Progress in China’s Banking Sector Reform: Has Bank †¦, Issues 2006-2071. Kuhn, R. L., & Yang, L. (2012). China’s Banking and Financial Markets: The Internal Research Report of the Chinese Government. New York: John Wiley & Sons. Looney, R. E. (2013). Handbook of Emerging Economies. New York: Routledge. Moore, T. G. (1999). China and Globalization. Asian Perspective, 65-85. Yen, J., Lai, K. K., & Wang, M. (2014). China’s Financial Markets: Issues and Opportunities. New York: Routledge. Source document

Reading Comprehension Worksheet 1 Answers

Reading Comprehension Worksheet 1 Answers If you have gone through the Reading Comprehension Worksheet 1 Escaping the Endless Adolescence,  then  read the answers below. These reading comprehension worksheet answers are affiliated with the article, so they wont make much sense by themselves. Reading Comprehension Worksheet 1 Answers Escaping the Endless Adolescence 1. This passage is narrated from the point of view of (C) a concerned therapist who works with struggling young adults. Why? A is incorrect because it uses the word bulimia, and the disorder was anorexia. Plus, you wouldnt expect concerned parents to take their child to see a college professor for help. B is incorrect because its an older person telling the story. D is incorrect because sleeping and compulsive disorders are never discussed nor implied. E is incorrect because a college student would not have an office or visits from concerned parents. 2. According to the worksheet passage, Perrys two biggest problems were (A) being an unhappy achiever and his parents increase of his mental strain. Why? Look at lines 26–27 and lines 38–39. The problems are stated explicitly. 3. The primary purpose of the passage is to (A) describe one young mans struggle with anorexia and, in doing so, provide possible reasons a young person may resort to an eating disorder. Why? To start, look at the verbs at the beginning of the answers. You can get rid of answer choices B and C because the passage neither advocates for anyone nor compares anything. D is incorrect because the passage is largely unemotional, and E is wrong because its too broad: The passage focuses on one young man and his struggle more than it focuses on todays youth as a whole. 4. The author uses which of the following in the sentence starting on line 18: But beneath his academic success, Perry faced a world of troubles, and while he took awhile to get to know, eventually the problems came pouring out? (E) metaphor Why? But beneath his academic success, Perry faced a world of troubles, and while he took awhile to get to know, eventually the problems came pouring out. Actually, the sentence in the passage uses two metaphors: world of troubles and pouring out. The author compares the amount of troubles facing Perry to a world without using the word like or as. He also compares Perrys relating of his troubles to pouring, two explicitly different ideas connected without the simile signifiers. 5. In the second  sentence of the last paragraph, the word inadvertently most nearly means (D) mistakenly Why? Heres where your vocabulary knowledge or your ability to understand vocab words in context comes in handy. If you didnt know the meaning of the word, you could assume some things based on the text: But in their efforts to nurture and support him, his parents inadvertently increased his mental strain. Nurturing and supporting are positive things. With the but you know that the opposite is true in the last part of the sentence, so you could assume that the parents didnt mean to increase his mental strain, thus, answer D.

The History of Cartography

The History of Cartography Cartography is defined as the science and art of making maps or graphical representations/images showing spatial concepts at various scales. Maps convey geographic information about a place and can be useful in understanding topography, weather and culture depending upon the type of map.   Early forms of cartography were practiced on clay tablets and cave walls. As technology and exploration expanded maps were drawn on paper and depicted the areas that various explorers traveled. Today maps can show a plethora of information and the advent of technology such as Geographic Information Systems (GIS) allows maps to be made relatively easily with computers. This article provides a summary of the history of cartography and map-making. References to in depth academic studies on the development of cartography are included at the end. Early Maps and Cartography Some of the earliest known maps date back to 16,500 B.C.E. and show the night sky instead of the Earth. In addition, ancient cave paintings and rock carvings depict landscape features like hills and mountains and archaeologists believe that these paintings were used to navigate the areas they showed and to portray the areas that the people visited.   Maps were also created in ancient Babylonia (mostly on clay tablets) and it is believed that they were drawn with very accurate surveying techniques. These maps showed topographical features like hills and valleys but also had labeled features. The Babylonian World Map is considered the earliest map of the world but it is unique because it is a symbolic representation of the Earth. It dates back to 600 B.C.E. The earliest paper maps that were identified by cartographers as maps used for navigation and to depict certain areas of the Earth were those created by the early Greeks. Anaximander was the first of the ancient Greeks to draw a map of the known world and as such he is considered to be one of the first cartographers. Hecataeus, Herodotus, Eratosthenes, and Ptolemy were other well-known Greek map makers. The maps they drew came from explorer observations and mathematical calculations.   The Greek maps are important to cartography because they often showed Greece as being at the center of the world and surrounded by an ocean. Other early Greek maps show the world being divided into two continents – Asia and Europe. These ideas came largely out of Homer’s works as well as other early Greek literature. Many Greek philosophers considered the Earth to be spherical and this also influenced their cartography. Ptolemy, for instance, created maps by using a coordinate system with parallels of latitude and meridians of longitude to accurately show areas of the Earth as he knew it. This became the basis for today’s maps and his atlas Geographia is an early example of modern cartography. In addition to the ancient Greek maps, early examples of cartography also come out of China. These maps date to the 4th century B.C.E and were drawn on wooden blocks. Other early Chinese maps were produced on silk. Early Chinese maps from the Qin State show various territories with landscape features such as the Jialing River system as well as roads and are considered some of the world’s oldest economic maps (Wikipedia.org). Cartography continued to develop in China throughout its various dynasties and in 605 an early map using a grid system was created by Pei Ju of the Sui Dynasty. In 801 the Hai Nei Hua Yi Tu (Map of both Chinese and Barbarian Peoples within the (Four) Seas) was created by the Tang Dynasty to show China as well as its Central Asian colonies. The map was 30 feet (9.1 m) by 33 feet (10 m) and used a grid system with a highly accurate scale.   In 1579 the Guang Yutu atlas was produced and contained over 40 maps that used a grid system and showed major landmarks like roads and mountains as well as the borders of different political areas. 16th and 17th century Chinese maps continued to develop to clearly show regions under exploration. By the mid-20th century, China developed an Institute of Geography that was responsible for official cartography. It emphasized fieldwork in the production of maps focused on physical and economic geography. European Cartography Like Greece and China (as well as other areas throughout the rest of the world) the development of cartography was significant in Europe as well. Early medieval maps were mainly symbolic like those that came out of Greece. Beginning in the 13th century the Majorcan Cartographic School was developed and consisted of a Jewish collaboration of cartographers, cosmographers and navigators/navigational instrument makers. The Majorcan Cartographic School invented the Normal Portolan Chart – a nautical mile chart that used gridded compass lines for navigation.   Cartography developed further in Europe during the Age of Exploration as cartographers, merchants, and explorers created maps showing the new areas of the world that they visited. They also developed detailed nautical charts and maps that were used for navigation. In the 15th century, Nicholas Germanus invented the Donis map projection with equidistant parallels and meridians that converged toward the poles.   In the early 1500s, the first maps of the Americas were produced by the Spanish cartographer and explorer, Juan de la Cosa, who sailed with Christopher Columbus. In addition to maps of the Americas, he created some of the first maps that showed the Americas along with Africa and Eurasia. In 1527 Diogo Ribeiro, a Portuguese cartographer designed the first scientific world map called the Padron Real. This map was important because it very accurately showed the coasts of Central and South America and showed the extent of the Pacific Ocean.   In the mid-1500s Gerardus Mercator, a Flemish cartographer, invented the Mercator map projection. This projection was mathematically based and was one of the most accurate for world-wide navigation that was available at the time. The Mercator projection eventually became the most widely used map projection and was a standard taught in cartography. Throughout the rest of the 1500s and into the 1600’s and 1700’s further European exploration resulted in the creation of maps showing various parts of the world that had not been mapped before. In addition, cartographic techniques continued to grow in their accuracy. Modern Cartography Modern cartography began as various technological advancements were made. The invention of tools like the compass, telescope, the sextant, quadrant and printing press all allowed for maps to be made more easily and accurately. New technologies also led to the development of different map projections that more precisely showed the world. For example, in 1772 the Lambert conformal conic was created and in 1805 the Albers equal area-conic projection was developed. In the 17th and 18th centuries the United States Geological Survey and the National Geodetic survey used new tools to map trails and survey government lands. In the 20th century, the use of planes to take aerial photographs changed the types of data that could be used to create maps. Satellite imagery has since been added to the list of data and can aid in showing large areas in great detail. Finally, Geographic Information Systems or GIS, is a relatively new technology that is changing cartography today because it allows for many different types of maps using various types of data to be easily created and manipulated with computers.

Chapter 8 Discussion 2 Week 5 Receivables Assignment

Chapter 8 Discussion 2 Week 5 Receivables - Assignment Example This would mean that a firm may either have to abandon its plan for a liberal credit policy or it may end up having cash flow crisis if it continues with the plan. Competitors’ actions and reactions of customers to a change in the credit policy are important. It is possible that customers may shift their business in favor of a competitor who offers the best credit terms. Credit controllers in firms should take a competitors and customers analysis to determine possible effects to a change in credit policy. The management should ensure that it adopts a policy that poses minimal risk of lost customer goodwill as well as providing a sustainable competitive advantage (Bartels, 1967). Probability of bad debts and the managements risk appetite are also a major influence of a credit policy. If the management of a company determines that there is a high risk of their credit sales becoming bad, they would probably set up a tight credit policy. Companies whose management is risk averse do not favor loose credit policies. Impact of the credit policy on turnover, profitability and liquidity should also be considered. The management should seek to maintain a balance between increasing sales and profits and maintaining liquidity at appropriate levels (Talekar, 2005). This trade-off dictates the credit policy of a firm. The company may opt to reduce the credit limits of clients who are perceived to pose a high risk. The management should carry out customer due diligence and analyses so as to assess the credit worthiness of their clients. This should be done periodically, and the management should ensure that credit limits are lowered for high risk clients. This should be done carefully so that the customer’s loyalty is not eroded. The amount of $ credit sales should be capped to a certain limit depending on the credit worthiness assessment. The management may seek to use third parties

Summary for an article Assignment Example | Topics and Well Written Essays - 250 words

Summary for an article - Assignment Example Amateurism includes playing Hockey in a gentlemanly manner. Players were ejected for violating game rules. Amateurs did not play intensely for pay, but for peaceful fun. 3. The author states Hockey metamorphosed into a modern sport. Hockey, like modern sports, is bound by game rules. Hockey, like modern sports, is highly organized. Hockey, like modern sports, uses standard game equipments. 4. Further, Hockey’s modernization is grounded on the Canadian peacekeeper image. Game rules penalize violence. Rules reduce disorder in the game. Mass rowdiness is reduced to â€Å"peaceful† levels. 5. Further, Lacrosse, similar to Hockey, defies the British bourgeois sensibilities. Hockey defies British sensibilities of refinement. Hockey runs counter to British sensibilities of gentlemanliness. Hockey is a physical sport, not a refined sport. 6. Sports focused on resisting imported sports. Baggataway, a local sport is the national sport. The sport includes speed, skill, and violence. Baggatway was renamed Lacrosse. George Beers formulated the Lacrosse game rules ensure