Marriage Contract

Marriage contracts have become fashionable in this twenty first century. This is where the husband and wife agree to be married only for a period of time. This can be done formally or informally. Usually this is characterized by writing of wills. The contract springs from the arbitrary will of the people involved. In this case the husband and wife. This usually shows who will own the property after the contract expires. The contract is usually formal when there is a common will between the parties. This is where there is alienation of a thing, and in this case one of the parties has a negative moment. There is also appropriation of the thing where the other party has a positive moment. Marriage is usually understood as a social institution. It generally constitutes of social, religious, communicative, and contractual dimensions. There are usually conflicting needs and natural inclinations when marriage is viewed as a contract. Philosophy of Marriage The philosophy of marriage acknowledges that this institution provides security for the people there in. This philosophy stipulates that the parties involved have to take full responsibility to children until they are old enough to be independent. This means that the fruits of procreation will always exist in a marriage. This is where individuals will provide protection and support to each other. In the marriage philosophy, there exists mutual respect between the parties. Each partner brings in love, and care to the relationship. In this case there is no overriding partner or superiority is not exercised in this case. There is equality between the parties. [1] Philosophy of Love This shows that people get married to the people they love and those that they are attracted to. The philosophy of love acknowledges that love normally diminishes with time when the parties get married. There are different types of love .This includes the Eros that is characterized by excitement and intimacy. This commonly exists between people of the different sex. Love is important to any marriage set up. There is also the agape and philia love. Religion There are various forms of religion in the world today. The marriage union may bring together people of diverse religions. Among the religions available[2] includes Christianity, Muslim, Hinduism, Buddhists etc. Due to high mobility rates individuals in marriage may be from different religions. This factor has influenced formation of marriage contracts. This is where either of the parties doesn’t want to change his or her religion or stay with someone of a different religion forever. They then agree to stay together just for a period. In case children are born in such set up then they may be allowed to choose for themselves once they are mature enough. When the children are still young it becomes hard to decide which religion they belong. Parties can cope by allowing children be of father’s religion till they are old enough to choose. Rearing of Children Most marriages are normally blessed with children. Some partners may agree not to have children at all. In contract marriages, partners provide care, support and protection to children when the contract still exists. When the contract expires, the parties agree who will take custody of children. Some partners may share the kids between themselves. Most of them let the mother take custody of the children and the father supports financially. In this case the father may be allowed to visit. This is how the parties cope. Communication Communication is an important aspect in any marriage set up. In marriage contracts, communication is normally very good when the parties are still married. In marriage the parties should be open to each other. They share joys, even fears. When the contract expires communication dwindles. Parties become reserved. Individuals cope by looking for new friends at work or in the neighborhood. Money When parties are married, they may have joint accounts. Each of them has to contribute some amount of money to wellbeing of the family. They are accountable to each other on how they spend their money. When the contract expires each individual chooses what to do with their finances and is not accountable to the other party. Parties may cope by taking up extra job to meet their needs. Intimacy When the individuals are married, intimacy is inevitable. The individuals will automatically have sex within the marriage institution. When the marriage contract expires, the parties will no longer enjoy the conjugal rights. Neither of the parties will demand from the other. Some individuals may still be intimate even after the marriage contract expiring. Other parties cope by having other sexual partners. Personal and Spouse Independence They are very little personal independence when parties are still married. When the contract expires the man and woman expect to be independent. The individuals are no longer accountable to each other. Each person minds his or her own business. Some parties who want their personal independence after the contract may relocate to other places. Social Activities When in marriage individuals enjoy social activities like partying, swimming or jogging together. The parties are free with one another. Such social activities bring joy to the marriage. Coping with such an issue can be tricky because the individuals could have gotten used to each other. Some may continue having social activities after the contract expires. Some cope by getting new friends to socialize with. Occupational Issues When parties are still married occupational issues are affected in relation to family responsibilities. For instance a wife may remain at home and take care of kids while the husband goes to work. When the marriage contract expires the wife may cope by getting a job and employing a house help. This is because the husband may never give her much support as before. Household Responsibilities In marriage set up, the husband and wife normally share the household responsibilities. This includes laundry work, cleaning, cooking and things like baby sitting. When the marriage contract expires, parties may cope by employing house helps or end up doing all the work by themselves which may be quite strenuous. This may need resigning from work. Conclusion Marriage in itself encompasses so many issues. There are religion issues, money, intimacy, communication among others. It is always better when the parties stick together throughout their lifetime for better and for worse. While marriage contracts are thriving in this century, they are not the best. This is because children are adversely affected. The individuals find it hard to cope .This is in relation to intimacy issues, rearing children and shouldering other responsibilities. It is needless to say that two are better than one, because when one falls down, the other can pick him or her up. Reference Danley, J. R. (1979): Contracts, conquerors, and conquests, IN: Southwestern journal of philosophy. – 10:no. 1:171-177 [1] Danley, J. R. (1979): Contracts, conquerors, and conquests, IN: Southwestern journal of philosophy. – 10:no. 1:171-177 [2] Danley, J. R. (1979): Contracts, conquerors, and conquests, IN: Southwestern journal of philosophy. – 10:no. 1:171-177 Â   Â  

Redemtive Vilonce in the Odyssey by Homer Essay

The myth of redemptive violence is one that is told throughout history. It is one in which violence is the creator. Whether it be creation of the cosmos, peace, or some other result, in this myth violence results in redemption. This myth has been imbedded in our society to such a degree that it is naturalized and accepted as the way things are without much reflection. For example, many Christians probably don’t contemplate the ways redemptive violence is at the heart of their religion. A classic example of the myth of redemptive violence is found in the elaborate poem The Odyssey. Many elements of violence and how we associate with violence are explored within the multitude of pages of this tale. In book nine Odysseus has to confront Polythemus, the Cyclops who is Poseidon’s son. Odysseus and his men where trapped within Polythemus’s cave, which had wine and other luxuries in it. But the Cyclops is intent on eating every last one of them and saving Odysseus, or â€Å"Nohbdy,† as Odysseus presented himself to the Cyclops, for last. Odysseus later blinds Polythemus with a burning stick, leaving him aggrieved and in pain. Writhing in pain, he opens the rock, letting Odysseus’s crew escape. This is just a primal form of the myth, but by injuring Polythemus Odysseys is released, illustrating the productive side of violence. In book ten Odysseus finds himself on the island of Aeolus, which is occupied by the witch Circe. She lures Odysseus’s men into her house and turns them into swine. Odysseus, who has an antidote to the witch’s drugs given to him by the god Hermes, is immune to the witch’s drugs and threatens her with the violence of his sword and she takes him to her bed where he persuaded her to change back his men. This tale within The Odyssey is one of violence such those Walter Wink wrote about in â€Å"The Myth of Redemptive Violence. † He writes, â€Å"cosmic order requires the violent suppression of the feminine and is mirrored in the social order by the subjugation of women to men and people to ruler. † Wink goes on to explain that this pattern can be found in Greek myths and in a range of other cultural expressions through history, right up to cartoons in modern day media. Central to this version f the myth is the suppression of powerful females, and their bodies are laid out to create the cosmos in some cases. The Odyssey provides a classic example: Circe, a powerful temptress, is subdued by Odysseus’s threat of violence, therefore placing Odysseus socially above her. Throughout the book Odysseus is faced with endless hardships. He is thrown through massive and relentless life threatening ordeals. He then comes home and finds that he must compete for his wife. These travails point toward paradoxes in the human condition. At times, we crave pain and it allows us to associate our inner evils and our violence, and that is exactly what The Odyssey does. As Wink stated in his analysis of a cartoon, â€Å"the ‘Tammuz’ element where the hero suffers – actually consumes all but the closing minutes, allowing ample time for indulging the violent side of the self. When the good guy finally wins, viewers are then able to reassert control over their inner tendencies, repress them, and re-establish a sense of goodness †¦Ã¢â‚¬  We get a good look at this process in The Odyssey, especially when Penelope asks, how do you move the bed? Odysseus replies, you can’t because I fashioned it out of a live olive tree, proving that he was truly Odysseus. The Odyssey is filled with redemptive violence, whether it be against Troy, Scally and Charibdys, Circe, and, most notably, the slaughtering of the suitors. The violence is not all just straight forward, there are power hierarchies, complex relationships, and other factors to account for in viewing violence in this incredible story.

Characteristics and Features of E. Coli gastroenteritis Research Paper

Characteristics and Features of E. Coli gastroenteritis - Research Paper Example From this research it is clear that most of the participants with E. Coli gastroenteritis presented similar symptoms associating them with the disease. For instance, there were increased cases of diarrhea, vomiting, abdominal cramp and bloody stools(Qadri, et al. 2005). Other participants reported having dry mouth and dry skin. The presence of dry mouth among patients with gastroenteritis resulted from a high rate of dehydration associated with increased vomiting and diarrhea(Bielaszewska, et al. 2011). Also, children exposed to conditions that compromise their health status were at a higher risk to be infected with E. Coli. For instance, children who frequent open fields that have poor hygiene were at a higher risk of being infected as well as those who have suffered from malnutrition. E. Coli bacteria are the main cause of gastroenteritis in humans. Although the presence of the bacteria in humans does not always prove to be harmful, there are other strains of E. Coli that been prov ed to cause gastroenteritis. Both the harmless and harmful E. Coli bacteria are found in the human gut. Infection of the gut due to E. Coli bacteria has been identified to present various signs and symptoms among the infected individuals. Most of the individuals suffering from gastroenteritis complained of diarrhea, vomiting, abdominal cramps, nausea, and dehydration. The condition is prevalent among children exposed to the low hygienic environment. E. Coli is transmitted through many ways including personal contact, drinking contaminated water.

Psychological Disorders Essay Example | Topics and Well Written Essays - 250 words

Psychological Disorders - Essay Example Michael starts to suspect David after some events and the suspicion grows stronger when he quits his job only because he was asked to show his identity card. Michael heirs an investigator to conduct deep search on this but David finds this out and kills her. Michael then with the help of his girlfriend goes to the basement to check out the lockers his stepfather had made and finds the dead body of his father. David also wakes up and traps him in the basement; in this commotion Susan wakes up and becomes shocked. Michael manages to come out and finds his mother and girlfriend but again gets tapped by David and then fights him and both of them falls of the roof to the ground and becomes unconscious. He wakes up a month later and finds out that David is still alive. In the end he is again shown getting involved with some other family (The stepfather, 2010) David was habitual of keeping everything clean and perfectly set and most of the time he used to spend time keeping everything perfect and whatever he did he wanted it to be perfect and in order and it is a symptom that the patient performs repetitive tasks (Menzies, De, 2003). It is also a symptom that the patient changes his name and personality and in this film David exhibited this symptom as well. David never tried to consult any doctor or any professional to get rid of this illness. In the film it is not shown the reason of how David got this illness. Therapies like behavioral therapy is the most effective method to make the patient get rid of this disorder (Giddens,

Black Elk Speaks by John Gneisenau Niehardt Essay

Black Elk Speaks by John Gneisenau Niehardt - Essay Example The power of the play is not simply that it's superbly written drama but that it's all true (Dramatic Publishing Online Catalog)". Theatrical performance of the book has many significant features which determine the character of the play, and these features play rather important role for spectators' perception of the performance. I will discuss the theme and the main concept of the play by Niehardt's book Black Elk, the costumes of main characters and the lighting of the stage in different parts of the play, as well as its some significant moments. I will also access possible participation of some Hollywood actors in this play. 2. The theme of the play is the mix of some important themes of the book. So, it can be a mix of autobiographical theme and elegy, as it tells about tragic destiny of one of the most famous Indian tribes, and American Indians in general. The play should show the most important moments of the novel and to uncover the nature of the narration. The book consists of twenty-five chapters, and it is impossible to show the whole plot of the novel. The main concept of the play is to show the tragedy of Native Americans and to make spectators think of their historical legacy. Naturalism in some moments and symbolism of the whole play will influence spectators' perception of the performance. ... cter of the play is autobiographic narration of the main character, Black Elk, about his life, mystical visions which took place in his mind and performance reflection of these visions on the stage. The play will show a transition of the Indian tribe to reservation culture and reflect the influence of historical events on personal world perception. This transition will be displayed through the voice and views of Black Elk, as the main character of the play, as Glen Vanderbilt, professor of theater noted, "That voice reminds us of tradition and culture and asks for peace, justice and hope. Our stage production seeks to join that voice and remind our audience not only what was lost, but also what may still be" (At Ohio Wesleyan University Online). In addition to that, the play will show great life experience of Black Elk until the end of independence of American Indians, personal tragedy and tragedy of the whole world of Native Americans faced European invasion. 3. Costumes take one of the first places in the performance. They play one of the most important roles in historical period features reflection. A costume is the integral part of any play, especially that of historical character. So, a costumer must use all the features of a costume to show colours of that historical epoch. The director of the play will show all the variety of costumes features concerning particular play and time the action takes place, especially if it can help to underline the plot and the color of the time. I think that the characters will dress costumes which would resemble Indians' attire of that time, including important difference signs of some tribe members. So, Black Elk's costume will underline his status of a holy man, Whirlwind Chaser's costume will tell spectators that he is a

Advanced Writing for Marketing Essay Example | Topics and Well Written Essays - 1000 words

Advanced Writing for Marketing - Essay Example The document helps the President improve job performance evaluation, in terms of sale manager’s performance. The document is intended to replace the current job evaluation rubric, in terms of the manager’s job benchmarks. The document explains the superiority of the proposed annual report-based benchmark over the current attendance based criteria. It is highly recommended that that annual report, income statement, replace the current job performance benchmark (Weaver 2007 293). The current benchmark pales in comparison with the proposed annual report rubric. The income statement is used by most business entities as job performance yardstick. Judging from the use of the income statement as the standard global criteria, it is highly recommended that you, my president friend, follow suit. Further, implementing your current attendance-based criteria is understandable. You are reducing the manager’s job responsibilities. The human resource department is tasked with collection the attendance reports of the managers. All the managers have to do is to â€Å"time in† by swiping one’s identification card through the attendance machine. When the manager leaves the office, all the manager has to do is to â€Å"log out†. Logging out is done by swiping one’s identification card through the time recording machine strategically located near the entrance / exit pathways. The human resource department presents the attendance report to you, President, indicating your sales managers’ tardiness report. Furthermore, this is comprehensible. Your current impression of the best employee is one who is devoted to one’s job. A loyal employee will normally reduce absences and tardiness to allowable levels. Your company allows excused absences on reasonable ground. Reasonable grounds include unexpected traffic from home to the work area, hurricanes, earthquakes, and other reasonable causes. Lastly, labor law regulations allow absences your employee is

English literature Essay Example | Topics and Well Written Essays - 750 words - 1

English literature - Essay Example They both compare their beloved women to a summer day, assigning people the features of this hot season. The meaning expressed in the ends of both poems looks similar too. However, having taken a closer look at them it can be noticed that there is big difference. Shakespeare’s words give us hope, empower and encourage to live by means of a metaphor. As for the overall flow of the poems, it can be said that, in some sense, Moss’ work is a simplified and updated version of the original. The words Moss uses are more up-to-date and prosaic. As a result, Moss’ poem is absolutely realistic. Shakespeare represented his feelings reflected in florid and lofty terms: †But thy eternal summer shall not fade†. The second author, however, uses very simple and clear words and phrases: â€Å"People break their necks or just drop dead!†Ã‚   Shakespeare uses a greater number of metaphors: †Rough winds do shake the darling buds of May†. The great poet also draws words softly, passing from one stroke to another. In such a way the reader gets easily immersed into the world of romanticism. Moss, on contrasts, writes plainly: â€Å"Even in May, the weather can be gray†. Therefore, from some point of view, it can be said that Moss’ poem is a humorous parody on the original sonnet As it was mentioned above, both authors write nearly about the same, but their language is different. Moss uses more modern vocabulary. Words and phrases like ‘Thou art’, ‘thee’ or ‘thy’ of Shakespeare belong to his time, while Moss’ vocabulary is more up-to-date and, therefore, easier to understand for a contemporary reader. Still, it is easy to find parallels in the two pieces. For example, Shakespeare’s â€Å"Thou art more lovely and more temperate.† Moss interprets as simple â€Å"Youre nicer. And better.  Ã¢â‚¬  This shows that Moss’ poem follows Shakespeare’s lines. Since the poem by Moss is a

Social Marketing Propaganda Effectiveness on Attitude Change Essay

Social Marketing Propaganda Effectiveness on Attitude Change - Essay Example The notion that a crowd takes over the will of a person much like the suggestions of a hypnotist command the unconscious of the hypnotized are promoted in trying to analyze crowd behavior, (Wichers, 1996). Â  The science of social influence addresses the issue of how and why people change their thoughts, feelings, and behavior of other people through such processes as conformity, persuasion, and attitude change compliance and yielding to social forces and most importantly, the study of social influences aims at developing mechanisms to resist unwanted and undesirable social influences. Jowett & O'Donnell, (2006) agree that time separates the study of propaganda from the political ideologies that hovered over academe in the cold war period and there is a clear revival of interest in the importance of the roles played by propaganda in the many aspects of the modern life, not necessarily related to international intrigue and military campaigns as the first world war changes the traject ory of social influence research. ...On the other hand propaganda and Social marketing are similar in ideologies as social marketing is the taking into action and control measures aimed at influencing the acceptability of social ideas and involving considerations of product planning, pricing, communication, distribution, and marketing research which is all aimed at influencing individual thinking abilities and perception towards a product, (Kotler & Zaltman, 1971). In this definition, the ideology of propaganda and social marketing are pushed forward by ideology rather than pulled by magnetic consumer focus and hence the ideas that define social marketing artifacts are rare. In the United States and Britain the war was marked by a period of patriotism and after the war, many people became disillusioned by the results coming to feel that they have been duped by the propaganda behind it. Based on human behaviour, the Zeitgeist of the times encouraged the belief that social influence a nd mass propaganda was all-powerful based on the suggestion theories from psychoanalysis or behaviorism’s belief in malleable human behavior where researchers and scholars began documenting this belief as well as attempting to find ways to inoculate citizens from propaganda, (Pratkanis, 2007). Weak effects of these variables on social influence as on the other hand in the 1940 Presidential campaign it was observed that few voters changed their voting preferences as a result of the mass media content due to the period 1890 – 1914 witnessed the development of fully fledged advertising agencies (Cull, Culbert & Welch, 2003).

Look at the attachments not thought of a topic yet Research Proposal

Look at the attachments not thought of a topic yet - Research Proposal Example The analysis shall enable establishment of the connection, thus a foundation for the eradication of the variables researched on. According to the World Health Organization (WHO), fact sheet number 364, approximately 16 million girls aged between 15 and 19 give birth every year. In addition, one million girls aged fewer than 15 also gives birth every year (Hamilton et al., 2012). Most of these teenagers come from low and middle-income nations. The World Health Organization also stated complication during pregnancy and childbirth as the second cause of death among teenagers, globally. The research also indicated that almost three million girls aged 15 to 19 undergone unsafe abortions, yearly, and that babies born to these teenage parents face a higher risk of infant deaths (Gibb et al., 2014). Teenage years are marked by rebellion and disagreement between teenagers and their parents. During this period, they are less likely to trust their parent. Becoming pregnant at this age will probably serve to strain the already complicated relationship. Parents will mostly view the pregnancies as the epitome of the childrens rebellion. The prospect of a fallout with the parents may end causing the teenager to conceal their pregnancies or running away from home (Coleman, 2006). Teenage girls are likely to hide their pregnancies for the longest time possible because they are afraid tell their parent. In a majority of cases, teenage girls point at their mothers potential reactions in explaining their deception. Although the stigma associated with these pregnancies is declining in modern days, most teenage girls are still afraid of the disapproval that their mothers are likely to have. It is worth noting that, some fathers will tend be bitter and unforgiving. This is true especially when the teenager is still in school (Ferre et. al., 2013). The stigma and the strain the relationships can be attributed to the fear of

ASDA expansion to KSA Essay Example | Topics and Well Written Essays - 2500 words

ASDA expansion to KSA - Essay Example The report includes the findings and challenges faced in compilation of the report. Table of Contents Executive Summary 1 Table of Contents 2 1.0.Introduction: 3 1.1.What Should Be Considered and How 4 1.2.Saudi Arabia Overview and PESTLE Analysis: 4 1.2.1.KSA PESTLE Analysis 5 1.2.2.Political analysis 5 1.2.4.Social and Cultural Analysis 6 1.2.5.Technological Analysis 6 1.2.6.Legal Analysis 6 1.2.7.KSA Business Environment Analysis 7 4.0.Market Entry Strategy 9 5.0.Marketing Mix and Product Adaptation and Development 11 6.0.Conclusion 12 Appendix: Clients Preference for Different Supermarkets. 13 Works Cited 14 ASDA Expansion Plan to KSA 1.0. Introduction: Companies are increasingly becoming globalized. The main reasons why companies opt to expand their operations to a global level include increasing their sales due to availability of new markets, acquisition of new resources which could be domestically unavailable or expensive, opportunity to diversify business operations, minimiza tion of competition, and a possible opportunity to minimize tax deductions. Expanding business to a global level results in growth of operation and thus requires coming up with a different plan to facilitate the transformation of the business premise from local dealings to global ones. The plan should be dependent on the kind on business in question since different business has different ways of operating (Alpen Capital, 2011). While seeking to expand business operations globally, it is vital to develop an expansion plan, which should include market research to ensure that your company has a proper understanding of the market conditions in the new nation thus develop ways to adopt to the different government policies, technologies, laws and competition (Luo, 1999). In the past, globalization mainly involves large companies. However, retail businesses are continually becoming interested in globalization. A good example is the supermarket retails such as Tesco and ASDA found in UK and have currently expanded their operations to other regions, which have resulted in increased sales and profits. KSA is one of the nations that many companies are eyeing due to the readily available market (Business Monitor International, 2012). This study focuses on a plan that ASDA, a UK based retail supermarket, could adopt to expand its market and venture into KSA. ASDA Stores Ltd.  is a supermarket chain with headquarters in UK, which sells food, general merchandise, clothing, toys in addition to offering financial services. Additionally, ASDA owns a mobile telephone network called ASDA mobile. This study aims at analyzing the market conditions in KSA by exploring the following aspects: A market plan that ASDA can use to expand its market into KSA ASDA background The appropriate mode of entry into the market Marketing mix and Product adaptation and development 1.1. What Should Be Considered and How Before deciding to expand the market into KSA, it is important that ASDA carry vigorous research on the market situation in since global expansion process is often a risky choice faced by challenges. However, carrying out a prior research helps in coming up with ways to counteract the challenges. For ASDA to be in a position to triumph in KSA, it is import

Biography of Plato Essay Example for Free

Biography of Plato Essay Plato was a Greek philosopher, mathematician, rhetorician, writer, founder of Academy, and even a double Olympic champion. He was born in 427 BCE in family of wealthy and influential Athenian parents: Ariston and Perictione. Platos real name was Aristocles. For his athletic figure his wrestling coach called him Plato, which means â€Å"broad†. As Plato was from a wealthy family, he got the best teachers of that time, who taught him music, grammar and athletics. At the age of 20 years old, Plato meets Socrates, who became his teacher, mentor and closest person. Eight years with Socrates influenced Platos life path. After Socrates died, Plato travels to Egypt, Italy, Sicily and Cyrene. Then he came back and opened his famous philosophical Academy. The Academy was an institution of higher education. Such philosophers as Aristotle, Heraclitus, Crates and Xenocrates attended Platos Academy. Plato’s writings are dialogues and letters to his teacher Socrates, which talks about a variety of different topics, ranging from philosophy to ethic, from mathematics to rhetoric. In these dialogs Plato used Socrates as a fictional person. His early dialogues are typically devoted to investigation of a single issue, where results are rarely achieved. The middle age dialogs developed, expressed, and defended Platos conclusions about central philosophical issues. And his later writings often modify or abandon the structure of a dialogue, they were critical examinations of the theory of forms, discussions of the problem of knowledge and cosmological speculations. Platos most famous works are: The Apology of Socrates, The Symposium and The Republic. Plato started the very first University in Europe – The Academy in 387 BC in Athens. Though the Academic was not open for the public, it did not charge fees for education there. Therefore no formal teachers or students, but there was unspoken distinction between teachers and students. One of the most famous Platos student, who also attended Academy for more than 20 years was Aristotle. There are evidences of lectures given in the Academy, such as Platos lecture On the Good and The use of dialectic. Academy continued on for nearly 1000 years until it was closed by emperor Justinian, because it was believed not to follow the Christian religion. Plato died on the day of his birthday at 347 BC. It is unknowing how he died, there are multiple versions from committing suicide to according to The American Scholar, Plato died in his bed, whilst a young girl played the flute to him. Plato moves his finger to indicate the beat and rhythm to get the right measure for her. When the girl gets the right measure, Plato died listening to the correct measure. References: Schall, James V. , â€Å"On the Death of Plato. † The American Scholar 65 (1996): 401-15. Print. Kemerling, Garth. â€Å"Plato. † Philosophy pages. Web. 9 Aug. 2006 Kraut, Richard, Plato, The Stanford Encyclopedia of Philosophy (Fall 2011 Edition), Edward N. Zalta (ed. ), .

Judicial Activism Essay Example for Free

Judicial Activism Essay Judicial activism is gaining prominence in the present days. In the form of Public Interest Litigation (PIL), citizens are getting access to justice. Judiciary has become the centre of controversy, in the recent past, on account of the sudden (Me in the level of judicial intervention. The area of judicial intervention has been steadily expanding through the device of public interest litigation. The judiciary has shed its pro-status-quo approach and taken upon itself the duty to enforce the basic rights of the poor and vulnerable sections of society, by pro ¬gressive interpretation and positive action. The Supreme Court has developed new methods of dispens ¬ing justice to the masses through the public interest litigation. Former Chief Justice PN. Bhagwat, under whose leadership public interest litigation attained a new dimension comments that the supreme court has developed several new commitments. It has carried forward participative justice. It has laid just standards of procedure. It has made justice more accessible to citizens. The term judicial activism is intended to refer to, and cover, the action of the court in excess of, and beyond the power of judicial review. From one angle it is said to be an act in excess of, or without, jurisdiction. The Constitution does not confer any authority or jurisdiction for activism as such on the Court. Judicial activism refers to the interference of the judiciary in the legislative and executive fields. It mainly occurs due to the non-activity of the other organs of the government. Judicial activism is a way through which relief is provided to the disadvantaged and aggrieved citizens. Judicial activism is pro ¬viding a base for policy making in competition with the legislature and executive. Judicial activism is the rendering of decisions, which are in tune with the temper and tempo of the times. In short, judicial activism means that instead of judicial restraint, the Supreme Court and other lower courts become activists and compel the authority to act and sometimes also direct the government regarding policies and also matters of administration. Judicial activism has arisen mainly due to the failure of the executive and legislatures to act. Sec-ondly, it has arisen also due to the fact that there is a doubt that the legislature and executive have failed to deliver the goods. Thirdly, it occurs because the entire system has been plagued by ineffec ¬tiveness and inactiveness. The violation of basic human rights has also led to judicial activism. Finally, due to the misuse and abuse of some of the provisions of the Constitution, judicial activism has gained significance. Besides the above mentioned factors, there are some other situations that lead to judicial activism. These are: (i) When the legislature fails to discharge its responsibilities. (ii) In case of a hung parliament where the government is very weak and instable. (iii) When the governments fail to protect the basic rights of the citizens or provide an honest, efficient and just system of law and administration, (iv) When the party in power misuses the courts of law for ulterior motives as was done during the Emergency period, and (v) Finally, the court may on its own try to expand its jurisdiction and confer on themselves more func ¬tions and powers. Areas of Judicial Activism During the past decade, many instances of judicial activism have gained prominence. The areas in which judiciary has become active are health, child labour, political corruption, environment, education, etc. Through various cases relating to Bandhua Mukti Morcha, Bihar Under trials, Punjab Police, Bombay Pavement Dwellers, Bihar Care Home cases, the judiciary has shown its firm commitment to participa ¬tory justice, just standards of procedures, immediate access to justice, and preventing arbitrary state action. Public Interest Litigation: An Innovative Step towards Judicial Activism Public interest litigation means a suit filed in a court of law for the protection of public interest such as pollution, terrorism, road safety etc. Judicial activism in India acquired importance due to public interest litigation. It is not defined in any statute or act. It has been interpreted by judges to consider the intent of public at large. The court has to be satisfied that the person who has re sorted to PIL has sufficient interest in the matter. In India, PIL initially was resorted to towards improving the lot of the disadvantaged sections of the society who due to poverty and ignorance were not in a position to seek justice from the courts. After the Constitution (Twenty Fifth Amendment Act, 1971), primacy was given to Directive Principles of State Policy by making them enforceable. The courts to improve administration by taking up PIL cases, for ensuring compliance constitutional provisions has also increased. PIL is filed for a variety of cases such as maintenance of ecological balance, making municipal authorities comply with statutory obligations of provision of civic amenities, violation of fundamental rights etc. It has provided an opportunity to citizens, social groups, consumer rights activists etc., easier access to law and introduced a public interest perspective. Justices P.N. Bhagwati and V.R. Krishna Ayer have played a key role in promoting this avenue of approaching the apex court of the country, seeking legal remedies in areas where public interests are at stake. PIL has been considered a boon, as it is an inexpensive legal remedy due to nominal costs involved in filing the litigation. But there are some problems also in the PIL cases. There has been an increase in the number of frivolous cases being filed due to low court fees. Genuine cases got receded to the background and privately motivated interests started gaining predominance in PIL cases. In view of this, the Supreme Court has framed certain guidelines governing the PIL. Presently the court entertains only writ petitions filled by an aggrieved person or public spirited individual or a social action group for enforcement of the constitutional or the legal rights of a person in custody or of a class of persons who due to reasons of poverty, disability, socially or economically disadvantaged position are finding it difficult to approach the court for redress. PIL is an extraordinary remedy available at a cheaper cost. As Justice Bhagwati observed in the case of Asiad workers case, now for the first time the portals of the court are being thrown open to the poor and the downtrodden. The courts must shed their character as upholders of the established order and the status quo. The time has come now when the courts must become the courts for the poor and the struggling masses of this country.

Challenges faced by Colgate-Palmolive Company

Challenges faced by Colgate-Palmolive Company Nowadays business is like a war that has every things seem fair, but as a human being we need to kept in mind that all the ethical and moral issues that pertain to all the stake holders. Issues and problems are the ingredient of every business and life, but the only successful business man are the true fighter of all internal and external forces those create obstacle / hindrance in the success ladder. This report contain all the aspect of challenges faced by the contemporary business man in running his / her business, and all those issues that he / she has to face in his / her daily routine. This report contain four part in the first part we have discussed the portfolio of the business, secondly PEST analysis, third we discussed the current issues of business and in the last we have conclude all the above stated issue and formerly recommendation. COMPANY BACKGROUND INFORMATION Colgate-Palmolive Company (NYSE: CL) This is an American corporation that has the focused on the distribution, production, personal products, provision of household and health care such as detergents, soaps, toothpaste and toothbrushes (oral hygiene products). History William Colgate, a candle and soap maker opened up a starch, soap, and candle factory located on Dutch Street with the name of William Colgate Company in New York City in 1806. The firm in the initial years began to sell individual bars but later on in 1857, after the death of William the company started reorganized as Colgate Company operated by his son. In the starting of the year 1872, company introduced a perfumed soap with name of Cashmere Bouquet. Colgate sold the first toothpaste in 1896 with the brand name of Colgate Ribbon Dental Cream but after the success of this brand, company started mass selling in 1908 (Wikipedia 2010). Colgate people have built a reputation as a successful company that has the highest ethical standards. Through living the values of Global Teamwork, Caring, Continuous Improvement, and adhering to the principles of honor, integrity and concern for the environment, as the company seeks to: Provide quality products of value to customers Opportunities for professional growth to all company people Fulfill CSR as a member of the international community Increase shareholder value (Wikipedia 2010) Factors affecting the Business: Government Factors: Government does not have much influence on the FMCG industry in terms of regulations. There are consumer protection laws but they are not implemented as they should be. There are not much regulations involved in this industry (Krutz 2004). (P)olitical factors: Political factors are influencing this industry because the recent and order conditions have affected the whole economy which in turn affected the industry. Many of the factories of the big companies were burnt after the assassination of Benazir (Krutz 2004). (E)conomic factors: The overall economy of the country is showing a stable growth. Therefore this industry is also showing a growth of 10%. But the inflation is growing rapidly which is not a good sign for the new entrants. Change in the interest rate also affects the industry. Hence the new entrants are also threatened by the increasing interest rates (Wikipedia 2010). (S)ocial trends: The social trends are in favor of this industry. Mass awareness is created through media. So people are shifting from their traditional methods of washing clothes, skin care etc to the modern methods. This is a good sign for the new entrants. People have become more educated and health conscious. High population growth is another opportunity for the new entrants (Muravchik 2004). (T)echnological change: The technology can support this industry well. If the whole system can be automated from the import of raw material to the finished goods then it would save time and money. This is a good sign for the new entrants. But in this industry technology does not play a major role because the traditional formulae of soap or toothpaste are not that much complicated (Louviere 2001). Colgate-Palmolives Mission Statement Company mission statement focusing on the following factors Caring Every Company has claims cares about people but the Colgate Company has original care for its business partners, people, shareholders and customers. Colgate is dedicated to act with empathy, integrity and candor in all circumstances, to pay attention to customer according to the value differences and others. Similarly the Company is committed to defend the universal environment and to augment the communities where Colgate people are alive and work (Wikipedia 2010). Global Teamwork All Colgate employees are part of a worldwide squad, devoted to working together across countries and all through the world. Only by allocation ideas, technologies and talents can the Company accomplish and maintain profitable growth. Continuous Improvement Colgate is dedicated to getting improved every day in all it does, as persons and as teams. By better sympathetic consumers potential and incessantly working to improve and innovation in services, processes and products Colgate can be the best. (Wikipedia 2010) INTRODUCTION Every management has to face difficulties in every step of business development and Effective management is the main ingredients for the establishment / growth and success of the business. The success of the management is to examine the marketplace, background and create employment. In order to make profit opportunities that give the financial viability and potential growth for the business. Beside that the importance of management is usually misunderstood and wrongly interprets because people are giving more focus on the result somewhat than the course of management (Laroche, Michel,ÂÂ  Zhou and Kim 1996). Concurrently with the increase in demand about quality, business man attracted the attention of customers. A sudden wave of successful entrepreneurs looks as if to render earlier management concepts obsolete while ignoring the marketing / organizing talents of the success full business man / entrepreneur (Griffin and Pustay 2009). Planning is critical for developing a firms potential. This view tended to short term enhances profits, however created along term dysfunctional business environment. However, many small businesses do not distinguish the need for long-term plans, for the reason that the miniature no of people concerned in working the business involves equal conscientiousness in the decision making and planning processes (Gauzente and Ranchhod 2002). Critical issue/problem for today business: Every new day bring the challenge for any business person, because to stay alive in the market you need to fight efficiently and smartly, as the world moving; complexity in every aspect of life is increase though technology has improved along but as much we belong to technology we get more depended. Following are the hot buttons for today business, and every business men more or less facing and struggling Political instability and involvement: Every government is eager to impose taxes to earn more and more profit, due to recent shock of recession most of the industries are move toward bankruptcy or liquidate just because of high taxes and less benefit given by the government. It is common these day small business or large organization owners to be unaware of current legal issues that can hit them because continuous changes in the business policies and implication by the governments put them in trouble. The problem is that legal trouble can cost them. It can even cost you your business. After 9/11 money laundering and other compliance issues are more dealt in the organization standard operating procedure (Wikipedia 2010) Poverty and inequality of income: Due to high inflation and high unemployment rate continuously hitting the poverty level to increase, and that all because of inequality of income, contrary as the inflation increase the cost of business will also increase that thing put the pressure on the business man to reduce the prices because consumer start searching for alternative. In Pakistan micro finance is getting importance as an effective tool for social mobilization poverty alleviation. Currently in Pakistan, a variety of institution including micro finance banks Others ranging from NGOs to private Government sponsored ruler support programs are delivering services to the poor, who dont have access to or neglected by the commercial banks. Micro finance aims at empowering individuals to earn a reasonable income through micro credits. Micro finance caters the needs of borrowers and usually focuses on the segment of the population whose economic status falls below poverty level (Krutz 2004) Ethical issues in business: Ethics and moral compulsion are something that we all come across at one time or another. All persons have to act in a way that would support the society in a proficient setting. In every business there are own policy of individuals and ethics within the particular business have adhere the compliance of the code conduct most of the organization investing lot of resource in order to maintain the ethic and code of conduct within the organization, even though regulatory bodies also penalized the organization if in case of non compliance (Krutz 2004) Constantly Changing Economic Environment: Dynamic economic environment is a night mare for the Contemporary business, because already exist giant in the market is a serious threat for them, because most of them have made cartel and create obstacle for the new business men to enter in the market or survival. Economical changes like inflation , Balance of payment, unemployment and poverty is also hindrance for the growth of business, for the fighting against all these indicators, entrepreneur need specific skill and knowledge, because without that he / she cannot be able to run the business smoothly (Griffin and Pustay 2009) Risk Management: Every organization is vulnerable of low chances events that could have a potentially appalling effect. Every single step has creating question for the organization success, and organization has to fight not only with external factor but has to manage the internal factor of the organization. All around us we find some people / object / substances that are working against the organization and the entire factor is consist of those indicators that need to be monitored. Theft of property Breach of laws Computer crimes Fraud Weather related damage In order to determine the variance between the expected and achieving results company has to determine the specific road map and checklist of the indicator which plays are major role in the indicator (Cateora and Graham 2007). Developing and Mentoring Employees: Managing the employees / labor is the critical issue for the business men in these days because as the dynamic environment is coming around, for competing with that we need to keep our staff in the phase of learning, and continuous training is required to make them up to date.. The actual problem comes when the employee / labor are unwilling to change and create hindrance in the way, so fighting with this problem is the main issue for the entrepreneurs. Negotiating and Managing Critical Relationships with stake holders: Developing / maintaining the relationship with all the stake holders is the important thing for the entrepreneurs because each and every one has its own importance, and without making good relation with them survival is difficult, for all the building relationship entrepreneurs need to have the negotiation and communication skills (Wikipedia 2010). Every day we have noticed that lots of entrepreneurs were lost their businesses just because they are lack with these skills and for understanding the critical relation with the stakeholders we must need to understand the importance, if we neglect the customers, so we lose business, if we neglect the good supplier so we lose the quality, if we neglect the distributor so we lose the perfection is services, and finally if we neglect the Government so we have to ready for the sanctions and implication / charges / penalties. Managing global operation: While organizations turn into global they frequently end up paying a intense price in requisites of managing complex challenges and issues. Host Country Norms and Customs. Workforce management Host country languages Unfamiliar laws and regulations. Unexpected Cost mix. Globalization has exaggerated most of business tremendously. Multinational Corporations are functioning and operating in almost every part of the world. It is significant to expend time in considerate how globalization formulates it pertinent and necessary for a MNC to scatter and spread its capacity and meaning of Operation. It would be correct if attempt to know the philosophy of Multinational Companies are not operating in any certain regions or countries. Similarly, the western worlds describe these shortcomings of Globalization, if a business decides to close up its business and depart from a host company. The general disadvantages which direct to a Multi National Company forgoing globalization include (Gauzente and Ranchhod 2002). Proprietary Technology to host countries. Poor Employee skills. Political risks. Customer response time is slow. Effective communication Common reasons why organization Fail: We can identify certain familiar reasons why Organizations fail to achieve a competitive advantage and end up losing out to their competitors. These reasons are universal in nature and find the same footing in Pakistan as well as any other place in the world. http://smallbiztrends.com/category/current-issues Too much emphasis on short-term financial performance. Quite often, cost cutting, profit maximizing at the cost of social responsibility or employee motivation is a failed strategy pursued by organizations, which just hastens their status to oblivion. Failing to take advantage of strengths and opportunities. This is in reality failing to hold on to proven successful strategies or core competencies. Sometimes a change in leadership leads to change in strategy, where just for the sake of glory and high profits, organizations forget their core competence and opt for strategies and tactic which cause their downfall. Failing to recognize competitive threats. This reason is the exact opposite of failure to make use of the organizations strengths. Quite often organizations decide to pursue status quo and ends up bringing no new product or service or even no innovation in its existing product or service line leading to lack of customer satisfaction, decline in profits and finally being declared a failure. Neglecting operations strategy. This is definitely the most important reason of failure; organizations often end up employing non productive techniques which lead to inconsistent and failed operations. Too much emphasis in product and service design and not enough on improvement. Differentiation in terms of service and product, American companies in 1980s did that they never introduced incremental refinements rather went for big changes and thus lost to Japanese competitors. Neglecting investments in capital and human resources: A total disregard to use the best resource. Capital and human resources in the long run make or break an organization. Conclusion: Successful management is founded on the mastery of a multitude of details and the success of the business is depended on the efficient management from the available resources and decision making for best purpose. While management teach the significance of focusing attention on main issues affect the business, managers realize the main issues are the variety form the business. The small mistake to the business is unrecoverable bankruptcy, in a progressively more controlled society, inattentiveness to one slight detail cans consequence in considerable commotion of the business. Above mentioned problems is not the only problem faced by the entereprenurers but also every day they faced some sort of problem and hazard in conducting operations and meeting the standards, internal and external players of the market are the main indicator that need to be monitored and effectively organized.

Hamlet’s Self-Perception :: Shakespeare Hamlet Essays

Hamlet’s Self-Perception  Ã‚   The way we see ourselves is often reflected in the way we act. Hamlet views himself as different to those young nobles around him such as Fortinbras and Laertes. This reality leads us to believe that over time he has become even more motivated to revenge his father's death, and find out who his true friends are. How can you be honest in a world full of deceit and hate? His seven soliloquies tell us that while the days go by he grows more cunning as he falls deeper into his madness. This fact might have lead Hamlet to believe that suicide is what he really wants for his life's course.   Ã‚  Ã‚   The way we perceive our lives is echoed in the way we comport ourselves in everyday life. Hamlet is a man of visible education and he would rather use his mind over his fist. He is quick to look for an explanation on behalf of the actions of others. Hamlet is not a man to search out blood without a rational justification. When dealing with Laertes and Fortinbras you can vividly see the contrast between the extremes. Once Laertes finds out his father has been unjustly murdered, he swiftly swears revenge without give the situation a second thought in contrast to Hamlet who takes all factors into mind before carrying out a sentence.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Laertes- How came he dead? I'll not be juggled with. To hell allegiance, vows to the blackest devil, Conscience and grace to the profoundest pit!   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   (IV;V;129-132) Each man deals with grief in extremely distinct manners, when looking at Laertes in comparison to Hamlet you can swiftly see their great contrast to one another. Hamlet would rather create reason before madness; he is the type to use his brain before his fist. Whereas Laertes is always caught up in his anger that he sees no means to absolve the actions of others.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Hamlet- When honor is at stake. How stand I then, That have a father killed, a mother stained, Excitements of my reason and my blood, And let all sleep, while to my shame I see The imminent death of twenty thousand men   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  (IV;IV;56-61)    This reality leads us to believe that over time he has become even more motivated to revenge his father's death, and find out who his true friends are.

Alcohol, Sex, and Violence in Catcher in the Rye :: Catcher Rye Essays

How Holden Deals With Alcohol, Sex, and Violence in Catcher in the Rye The Catcher in the Rye, by J.D Salinger, depicts how a lonely teenager, Holden Caulfield, deals with alcohol, sex, and violence. Teenagers must also deal with these problems daily. Alcohol is very predominate throughout the novel The Catcher in the Rye. Alcoholic beverages are a readily available, and relatively inexpensive for minors to get. Over the past couple of years, teenage consumption of alcohol has risen dramatically. The National Institute on Alcohol Abuse and Alcoholism states that more than 1.3 million teenagers have a drinking problem. The National Institute also reports that the reason for underage teenage drinking is they believe in a mixture of rebellion towards their parents and a sign of maturity. Another reason for teenage drinking is it represents a daring gesture. According to Dr. Joseph Franklin, "The way drinking starts is, one kid dares another kid to take a drink of alcohol, and the kid doesn't want his friends to think he is a coward so he does. Then the rest of them follow." In the book, Between Parent and Teenager, it states the substance abuse is the number one cause of death amongst teenagers. Studies show that among high school students age 14 - 17, 60% of the students use alcohol once a week, 75% use it at least once a month, and 85% have used it once in the year. In the novel, Holden Caulfield has very easy access to alcoholic beverages. Throughout the novel, it seems that every time Holden gets depressed, he turns towards alcohol. in Chapter 12, Holden is at Ernie's night club and he got served even though he was only a minor. In Chapter 20, Holden gets drunk. The way he acted when he was drunk shows how pathetic you are when you can not function properly. The next topic, sex, is a very common word nowadays. Sex is so common it is on television screens, blown up on billboards, and used for commercial enticement. It also seems that teenage men are purchasing cars and teenage girls are receiving more freedom from their parental figures. A couple years back,

The Destructive Effects of the Vietnam War Essay example -- Vietnam Wa

The Destructive Effects of the Vietnam War The destructive effects of the US war in Vietnam encompass not only a body count, but also the festering intellectual wound of a war that could not be satisfactorily explained away. The battles of Vietnam, in particular, seemed an affront to conventional understandings of ‘American culture’, military power, the limits of technology, the very possibility to control, and the causes of wartime atrocity. This deeply unsettling part of the Vietnam experiences the US endured revolve, at least to a degree, around the division between the inside and outside. The inside going into the war, from the US perspective, was an ‘American culture’ with ‘American values’, entailing an entire worldview with attendant sets of behaviors considered domestic. The outside was, of course, the radically alien junglescape populated with in-credible enemies, ‘shifty’ and ‘dangerous’ peasants, and untamable environmental hazards to boot. Apoca lypse Now works from a context fixated on the terms of inside and outside for analysis of the battles of the Vietnam War to question these categories by a strategic challenge to both totalizing theories’ explanatory power with elements of layered complexity. Of the post-war 1970’s commentary and reflection on the Vietnam war, the anti-war and rather pacifist afterglow of wartime activists offered perhaps the clearest analysis of the tragedy of the war and its atrocities: the problems are deeply internal to American culture. The 1978 film The Deer Hunter addresses the issue head on, with the Washington Post review opening, As the world moves down the various roads that converge at apocalypse, the ultimate issue becomes life itself, transcending politics or ideology... ...e before the theoretical, where place cannot exist because there is not yet a relation formed to tell the experience where it is. In the bright flames of a reality with uncertain connection to simplistic theories of division of place, the credits roll as the forest and dichotomy of place explode and burn away. Works Cited Apocalypse Now. Dir. Francis Ford Coppola. Miramax, 1979. Bonds, Ray. The Vietnam War. New York: Crown, 1979. Hornbacker, Robert Allen. Real Ultimate Power. 2002. UCLA. 1 March. 2002. http://www.bol.ucla.edu/~rahjr79/ Kroll, Jack. â€Å"Life or Death Gambles.† Newsweek 11 December, 1978: 113+. Matthews, Jay. â€Å"Chinese Assert Viets have Been ‘Taught Lesson’.† The Washington Post 4 March, 1979, A1+. Price, Bem. â€Å"They Fought In Vietnam with One Hand Tied Behind Their Backs.† U.S. News & World Report 30 June, 1975: 41+.

Financial Terms Worksheet Essay

Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course. Complete the worksheet below according to the following guidelines: In the space provided, write each term’s definition as used in health care management. You must define the term in your own words. In the space provided after each term’s definition, summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool to which the term refers. In the scenario, you may wish to consider the following: Why the skill, concept, procedure, or tool is necessary for accurate record keeping, operational efficiency, excellent patient services, employee management, regulatory compliance, reducing costs, forecasting, and so forth Successes enabled by an adequate understanding or appropriate application of the skill, concept, procedure, or tool Risks or failures associated with an inadequate understanding or inappropriate application of the skill, concept, procedure, or tool Save the completed worksheet as a Microsoft ® Word document with your name in the file name. Submit the file to your instructor. Worksheet Submitted By: Keila Quintanila [Type your name here.] Term Definition Scenario Balance sheet A fiscal statement that summarizes a company’s assets, liabilities, shareholders’ equity at a specific point in time and net worth. This statement will display if the organization is in good fiscal standing or not and if they can meet their long-term fiscal responsibilities. The director asked for the titles of the four financial statements that included in an audited financial report, which are the following: Balance Sheet statement, Income Statement, Statement of Cash Flows, Statement of Fund Balance or Net Worth or Equity statement. Statement of revenue and expense A statement summarizes amount of profit earned minus the amount of operating expense. The statement will indicate the difference as profit or loss. The health care manager purchased some medical equipment, in which he will enter in the statement of revenue and expense; the document will show the amount of profit earned and the minus amount of operating expenses. This will clearly shows the difference as profit or loss. Revenue cycle The revenue cycle starts with meeting of customers, following any transactions during the period of transactions and continues with a  company/customer association. The salesman has brought revenue into the company. Furthermore, the salesman describe that, the Revenue Cycle beings with meeting with customers, presenting the product and closing the sale during specific time; but more important is to have a continues business relationship with company and customers. Payer mix Medical practice: Medicaid, Medicare, indemnity insurance, managed care–of monies received by a medical practice Medical organizations predict third party payer mixes so that they can precisely predict their profits for the coming term. Revenue The amount of currency that a company essentially receives during a specific period, including discounts and deductions for returned products. It is the â€Å"top line† or â€Å"gross income† figure from which costs are subtracted to define net income. The medical organization, revenue is the money received from insurance companies, payer mix that brings in from the rendered services. The medical organization usually calculates and report revenue for a quarter or a year. References Baker, J. J., & Baker, R. W. (2011). Health care finance: Basic tools for nonfinancial managers (3rd ed.). Sudbury, MA: Jones & Bartlett Publishers.

Education Is Jkey to Sucess Essay

Change is the essence of life give tongue to one philosopher, and keeping phase with the miscellanea is the meaning of education. There are unalike connotations of education. One is formal education and early(a) is the daily education. Education is not simply classroom studies but describeing. In numerous cases what we dissect at class is in all different from what we practice outside. We may study the outdated technology or the obsolete philosophy, to live in the present adult male we take over to learn quickly what is fortuity in front of our eyes and render to understand it. We have seen children, always active, suspect and full of vigor. the reason for that attitude is their sideline in learning new things and to applaud the world. So they are quick learners and they enjoy life even better than us and are happier than us. So it is the innate of a person to educate himself to the changes.If he fails to do that he trails in the racetrack of life. So education pla ys very important region in the nation building too. The regularise of development of the country depends on the meliorate valet de chambre resource of that nation. The educated human resource possess global readiness and global etiquette. So it is the education which is the certain GDP growth of the country and the enthronement funds on education is the actually investment which will bear rich dividends than any(prenominal) other type of investments.We can learn from history how countries have progressed through their besotted education system. take example of US, europium and other developed countries, the universities are the real technology generators and industries are the buyers of the technology. Education is the unavoidable investment the state has to do on its subjects to sustain itself and to be in the race to the global superpower. The so called global powers have invested on education so much, directly they are tasting the fruit of that direct which they pl anted long ago. The countries instead of commit on defense and arms, if they invest on education, it will certainly pay sand in large scale.

Only the Strong Survive

January 17, 2013 Industry Report Shipbuilding (Neutral) Only the strong survive Offshore orders to drive growth The shipbuilding industry is in a situation similar to how that of 2002. In 2013, plunging order volume and weak new building prices are fueling intensifying competition. In 2002, shipbuilding shares rose because of an increase in orders, but then quickly fell on concerns over weak new building prices, which caused earnings to stagnate. For a period in 2002, shipbuilders went into red.Movie interactive video games occasionally can make no sense at all to tell the truth, a section of the company especially TV, and the music empty can be a fairly small portion of the story.Daewoo Securities Co. , Ltd. Ki-jong Sung +822-768-3263 kijong. [email  protected] com Ryan Kang +822-768-3065 ryan.Youre in need of a leader of culture if youre new beginning an agency.

Although shipbuilding shares currently trade at a P/B of 1. 0x, we believe they have the potential trade at a P/B of 1. 2x.We recommend Hyundai Heavy Industries (009540 KS/Buy/TP: W280,000), and giant Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) out of the large shipbuilders.Respect and seeing possible is.share price of major shipbuilders (R) (1/31/2005=100) 1,000 6,000 800 600 2,000 400 -2,000 200 -6,000 05 06 07 08 09 10 11 12 13F 13 14 14F 0 Source: KDB Daewoo Securities Research Analysts who prepared this report are registered as research analysts in Korea but not in any other jurisdiction, including the U. S. January 17, 2013 Shipbuilding Figure 1. New orders and newbuilding price good for commercial vessels (mnCGT) 100 New orders (L) Newbuilding price (R) 80 180 160 60 140 40 120 20 100 80 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 14F (1988=100) 200 Source: Clarkson, KDB Daewoo Securities Research Figure 2.You should have a feeling of self pride.

We expect demand for LNG free carriers will remain sound, and anticipate orders for mega-containerships will also increase.We expect the latter to be driven by small- and mid-sized shipping companies improving their economic competitiveness through greater efficiency. We also expect shipbuilders will be forced to take new orders at lower-than-normal prices because of the dearth of order backlogs for commercial vessels. We forecast the number of bids and orders for large offshore-plant construction projects to increase for each company in 2013.Let your much joy scream.We believe share prices will improve (despite concerns about lower-priced orders) thanks to increasing orders, and improved cashflow. Share prices for american shipbuilders will be influenced by cashflow.Despite intensifying market competition, we anticipate Hyundai Mipo Dockyard will take an increasing amount of orders, even though some will be lower-priced. 3.Many people think tattoos for men will need to be fero cious and tough.

We expect these trends will continue in 2013. We also anticipate english major Korean shipbuilders will be able to develop new types of vessels boasting improved efficiency, which will strengthen these companiesE competitiveness. Risk factors Earnings at shipbuilders will not recover easily, due to orders at lower-than-normal prices and won appreciation. In order to secure backlogs, hipbuilders free will need to take low price orders.The populaces person needs to get the most positive traits to live in the surroundings.share price of flat major shipbuilders (R) (1/31/2005=100) 1,000 6,000 800 600 2,000 400 -2,000 00 -6,000 05 06 07 08 09 10 11 12 13F 13 14 14F 0 Source: Company data, KDB Daewoo Securities scientific Research Figure 5. Korean and Chinese shipbuildersE restructuring (No. of shipuilders) 200 Korea China 160 197 120 -88. 3% 80 40 24 23 -66.The intention isnt to humiliate or belittle anyone.

In addition, the ROE of shipbuildersE is projected to improve to 19%. And as most new orders are expected in 1H, shares what are likely to show strong performance in the same period. The relative share performance of global shipbuilders has changed. Thanks to the rising proportion of offshore orders, Korean shipbuilders and Hyundai Mipo Dockyard are now grouped together with Keppl Corp.Theres a good deal of variety, to simulate real social life conditions.Although we believe the shares have bottomed, we do not expect a long term recovery until new building prices rebound in earnest. We suggest accumulating the shares near a P/B of 1. 0x. Shipbuilding shares will likely begin to recover full-swing from 2014, when the market starts to turnaround, along with increased orders for commercial vessels, improved cashflow, and earnings recovery.Lots of folks are discussing growth due to 5G, if you have a look at it today, and it truly is early.

0x 30 20 30 1. 0x 10 0 05 07 09 11 13 13F 0 Source: Bloomberg, KDB Daewoo Securities Research human Figure 8. Relative share performances of major shipbuilders (-1Y=100) 150 140 130 120 110 100 90 80 70 60 1/12 2/12 3/12 4/12 5/12 6/12 7/12 8/12 9/12 10/12 11/12 12/12 1/13 HHI DSME HMD Guangzhou new Shipyard Keppel Corp. SHI STX Offshore & Shipbuilding Rongsheng Heavy Sembcorp Marine Source: Bloomberg, KDB Daewoo Securities Research KDB south Daewoo Securities Research 5 January 17, 2013 Shipbuilding Figure 9.Then will humanity be changed at the Kingdom of Gods region.0x 2. 5x 2. 0x 1. 5x 1.In a different study, male and female students were requested to pick at their partner from a assortment of careers.

0x 4. 0x central Figure 14. Hyundai Mipo DockyardEs P/B trend (Market cap,Wbn) 10,000 2. 5x 8,000 1.They find it extremely hard to forgive an event.5x 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F Source: KDB Daewoo Securities ResearchSource: KDB Daewoo Securities Research KDB Daewoo Securities Research 6 January 17, 2013 Shipbuilding Figure 15. Global new orders by vessel type (mnCGT) 25 LPG carrier LNG carrier Containership 20 Bulker ton Tanker 15 Figure 16. Newbuilding prices by vessel type (US$000/TEU) 30 Containership (L) Tanker (R) Gas carrier (R) Bulker (R) (US$000/DWT) 3 20 2 10 10 5 1 0 03 04 05 06 07 08 09 10 11 12 0 04 05 06 07 08 09 10 11 12F 12 13F 13 0 Source: Clarkson, KDB Daewoo Securities Research Source: Clarkson, KDB Daewoo Securities Research Figure 17. ROE-P/B comparison (P/B ,x) 3.Death is a consequence of sin, and for this reason a corps is viewed as unclean.

0 0 5 10 15 20 HMD S HI 15 Keppel 10 S HI Sumitomo Sembcorp HHI 5 (EPS growth, %) 0 -40 -30 -20 -10 0 10 20 30 40 Source: Bloomberg, KDB Daewoo Securities Research Source: Bloomberg, KDB Daewoo Securities Research Figure 19. Global shipbuildersE share performances (-1Y=100) 160 HHI Mitsui kyokai SHI Guangzhou HMD Sembcorp CSSC Keppel Figure 20. KOSPI and shipbuilding stock index (index) 8,000 Shipbuilding stock high index KOSPI 140 6,000 120 4,000 100 2,000 80 60 1/12 3/12 5/12 7/12 9/12 11/12 1/13 05 06 07 08 09 10 11 12 Source: Thomson Reuters, KDB Daewoo Securities Research Source: KDB Daewoo Securities Research KDB Daewoo Securities Research 7 January 17, 2013 Shipbuilding Hyundai Heavy Industries (009540 KS) best Buy (Maintain) Target Price (12M, W) 280,000 Share Price (01/16/13, W) 227,500 Expected Return (%) 23. 1 EPS Growth (13F, %) 17.Its never simple to turn down.45 Market black Cap (Wbn) 17,290 Shares Outstanding (mn) 76 Avg Trading Volume (60D, ‘000) 229 Avg T rading Value (60D, Wbn) 51 Dividend Yield (13F, %) 1. Free Float (%) 59. 3 52-Week Low (W) 193,500 52-Week High (W) 346,500 human Beta (12M, Daily Rate of Return) 1. 46 Price Return Volatility (12M Daily, %, SD) 2.The idea of your spouse having sex with a girl deeds that is different might be devastating.

36%) NPS (5. 08%) Price Performance (%) 1M 6M 12M Absolute -1. 7 -3. 8 -20.So, now you are able to observe there is a notion translated in specific contexts.7bn and revenues of W26. 9tr (non-consolidated) in 2013 Implemented a self-rescue plan for the first time in 40 years. Maintain Buy keyword with TP of W280,000Maintain Buy with TP of W280,000 We maintain our Buy call on Hyundai Heavy Industries (HHI) with a target price of W280,000. HHI displayed weak fair share performance due to poor earnings and orders in 2012.0x, the lowest levels in the companyEs peer group.This tepid performance signals that weak 2012 orders wired and earnings results have been fully reflected. However, HHI has strong investment merits in 2013, as it is projected to win massive orders. Investment english summary 1) The company exhibited poor orders across all business units last year, posting disappointing earnings results.

5bn) and the Brass LNG project (US$3. 5bn) in 1Q. In addition, HHI is expected to bid for additional projects worth US$1-4bn; indeed, we believe the company will be aggressive in its order-taking efforts. 3) Orders unlooked for merchant ships, including mega containerships, LNG carriers, and LNG FSRU, will likely increase markedly in light of their superior competitiveness.Share price 130 120 110 100 90 80 70 60 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue (Wbn) 37,342 53,712 54,741 58,433 63,025 OP OP Margin (Wbn) (%) 5,532 14. 8 4,536 8. 4 2,485 4. 5 3,331 5.7 7. 6 22,750 3,469 -2,260 10. 2 10. 6 26,750 4,320 2,005 11.5 1. 3 1. 1 1. 0 0.

2 5. 2 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates korean Daewoo Securities Research 8 January 17, 2013 Shipbuilding Hyundai Heavy Industries (009540 KS/Buy/TP: W280,000) Comprehensive Income Statement (Summarized) Wbn) Revenues Cost of Sales late Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain from Inv in Associates Pretax gross Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit Controlling Interests Non-Controlling Interests Total Comprehensive net Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating Profit Margin (%) Net Profit Margin (%) 12/11 53,712 46,784 6,927 2,392 4,536 4,536 -659 52 -148 3,876 1,133 2,743 0 2,743 2,559 184 2,617 2,498 118 5,473 -504 10. 8. 4 4.4 5. 7 3. 5 12/14F 63,025 56,408 6,618 2,836 3,782 3,782 -338 188 -150 3,444 895 2,549 0 2,549 2,449 100 2,288 2,178 110 4,768 2,297 7. 6 6.5 7. 1 5. 6 6. 8 5.0 0. 9 5. 3 8. 5 6.

1 10. 0 1. 6 0. 0 1.7. 9 -13. 5 -36. 6 24.0 13. 5 -38. 4 -32. 4 17.1 6. 1 9. 3 8. 2 8.

7 5. 8 5. 7 3. 7 4.1 12. 2 17. 3 7. 8 10.0 134. 5 90. 5 110. 6 118.1 22. 7 15. 7 6. 0 7.

1 P/E (13F, x) 9. Market P/E (13F, x) 9. 0 KOSPI 1,977. 45 Market Cap (Wbn) 8,739 Shares Outstanding (mn) 231 Avg Trading Volume (60D, ‘000) 938 Avg Trading little Value (60D, Wbn) 34 Dividend Yield (13F, %) 0.0 Major Shareholder(s) Samsung Electronics et al. (24. 42%) Treasury shares (6. 13%) Mirae Asset Global Investment (5.8 -4. 5 6. 0 Reliable again in 2013 ? ? ? 2013 orders and revenues forecast at US$14. 2bn and W14.We expect SHI to win massive orders of US$14. 2bn despite the slump in the global shipbuilding market, driven by the robust offshore plant market and the companyEs superior competitiveness.SHIEs shares are trading at a 2013F P/E of 9. 4x logical and a P/B of 1.

As such, the company has solid earnings relative to its competitors. 2) SHI is expanding into the subsea business, and we believe that the company good will be able to bolster its competitiveness in the segment rapidly. ) The commercial vessel unit, which exhibited a tepid performance last year, is likely to recover in 2013 thanks to: 1) rising mega containership orders and 2) steady orders for LNG carriers and LNG FSRU. 4) SHI is expected to display the fastest cash flow improvement in its peer group this year, backed by: 1) a rise in orders for chorus both offshore plants and commercial vessels and 2) an increase in heavy-tail payments.7 851 1,226 8. 2 929 1,198 8. 0 934 1,355 8. 6 1,015 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) 4,330 1,504 598 28.9 P/E (x) 9. 5 7. 6 9. 6 9.5 1. 3 1. 1 EV/EBITDA (x) 8. 2 5.

9 8. 7 6. 4 12/12F 14,875 12,867 2,008 766 1,242 1,226 -30 -34 0 1,196 267 929 0 929 929 0 920 920 0 1,551 282 10. 4 8.2 12/14F 15,751 13,594 2,158 803 1,355 1,355 -19 -51 0 1,336 321 1,015 0 1,015 1,015 0 1,006 1,006 0 1,667 978 10. 6 8. 6 6. 5 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total other Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests Capital live Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 9,617 806 4,132 540 1,905 6,797 0 5,408 86 16,414 10,539 4,425 3,232 2,883 1,231 1,004 88 11,770 4,644 1,155 423 3,610 0 4,644 12/12F 9,112 1,115 3,793 550 1,711 6,316 5 5,434 38 15,428 7,758 3,882 1,570 2,306 2,213 1,881 138 9,971 5,457 1,155 423 4,430 0 5,457 12/13F 9,229 1,264 3,820 554 1,648 6,372 5 5,506 21 15,601 7,301 3,910 1,070 2,322 1,918 1,481 188 9,219 6,382 1,155 423 5,364 0 6,382 12/14F 9,720 1,445 4,017 583 1,733 6,439 5 5,573 13 16,159 7,223 4,111 670 2,442 1,656 1,081 271 8,878 7,280 1,155 423 6,272 0 7,281 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation Amortization Others visible Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income general Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets several Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 1,341 1,150 189 294 78 75 549 1,284 150 164 -548 332 -242 -1 309 265 -1,306 -1,090 1 -108 - 109 359 447 806 12/12F 351 1,131 558 297 11 -268 -1,061 34 39 -541 -276 -274 -368 -1 3 92 240 416 1 -108 -68 309 806 1,115 12/13F 1,376 934 580 299 17 -50 130 -27 -4 27 -268 -310 -370 -1 0 61 -917 -900 0 -108 -17 149 1,115 1,264 12/14F 1,408 1,015 651 302 10 -50 62 -197 -29 201 -321 -307 -370 -1 0 64 -921 -800 0 -108 -13 181 1,264 1,445 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit Growth (%) EPS rapid Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity Ratio (%) Current same Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 7.7 1. 8 1. 9 -3. 3 -19.2 4. 8 19. 4 15. 5 253.

6 7. 2 1. 5 6. 1 4,021 5,358 26,307 0 0.7 9. 1 3. 8 27. 3 3.7 117. 5 7. 2 57. 9 12/13F 9.6 0. 0 0. 7 -2. 4 -2.

0 6. 0 15. 8 16. 9 144.6 6. 6 1. 1 4. 5 4,396 5,747 34,309 0 0.0 8. 7 4. 1 27. 7 4.9 134. 6 -22. 5 106. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 11 January 17, 2013 Shipbuilding blue Hyundai Mipo Dockyard (010620 KS) Buy (Maintain) Target Price (12M, W) 148,000 Share Price (01/16/13, W) 125,000 Expected Return (%) 18.

0 KOSPI 1,977. 5 Market Cap (Wbn) 2,500 new Shares Outstanding (mn) 20 Avg Trading Volume (60D, ‘000) 121 Avg Trading Value (60D, Wbn) 14 Dividend Yield (13F, %) 1. 6 Free Float (%) 51. 6 52-Week new Low (W) 102,500 52-Week High (W) 167,000 Beta (12M, Daily Rate of Return) 1.4%) NPS (7. 38%) Price Performance (%) Absolute Relative Shining in the dark ? ? ? 2013 target: US$3. 2bn in orders and W3. 6tr in revenues Stands to benefit most from industry restructuring Maintain Buy and TP of W148,000 Maintain Buy and TP of W148,000We maintain our Buy recommendation on Hyundai Mipo Dockyard (HMD) and our target price of W148,000.4tr; 8. 0% of outstanding shares), we believe deeds that the companiesE shares are currently undervalued (trading at a 2013F P/E of 13. 1x and a P/B of 0. 9x).3) In the small- to mid-sized merchant ship market, the product carrier (P/C) segment, in which HMD has the strongest competitive edge, is expected to be relatively robust in 2013. ) If the shipbuil ding market remains in a slump for a protracted period of time, HMD should be able to widen its gap with its peers. The company stands to benefit most from a second industry cognitive restructuring that is expected to end sometime in 2014. 1M 2.

6 5. 3 Share price 160 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & high Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue OP OP Margin NP EPS EBITDA FCF ROE P/E (Wbn) (Wbn) (%) (Wbn) (Won) (Wbn) (Wbn) (%) (x) 4,138 683 16. 5 493 24,629 741 431 14. 7 9.9 131 6,556 192 -563 4. 3 19. 4 4,624 191 4. 1 190 9,518 256 397 6.6 P/B EV/EBITDA (x) (x) 1. 2 4. 4 0. 8 4.6 0. 8 6. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to neural net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 12 January 17, 2013 Shipbuilding Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) Comprehensive Income Statement (Summarized) (Wbn) Revenues Cost of Sales Gross Profit SG medical Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain from Inv in Associates Pretax Profit Income Tax net Profit from ContinuingOperations Profit from Discontinued Operations Net Profit Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests positive EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating Profit Margin (%) Net Profit Margin (%) 12/11 4,624 3,975 649 272 378 378 -63 -24 0 315 112 202 0 202 200 3 -821 -823 2 441 -633 9. 5 8.

0 12/13F 4,624 4,143 481 290 191 191 52 -9 -2 243 58 185 0 185 190 -5 185 194 -9 256 397 5. 5 4. 1 4. 1 12/14F 4,855 4,321 534 304 230 230 73 -10 -2 303 73 230 0 230 235 -5 230 239 -9 293 416 6.4 13. 1 10. 6 8. 5 12.0 0. 9 0. 8 4. 2 13.9 20. 6 16. 6 1. 8 1.

8 5. 0 5. 0 -40. 5 -56.8 52. 2 20. 3 -59. 4 -34.2 3. 9 5. 0 18. 1 17.2 3. 8 3. 8 2. 3 1.

3 6. 4 7. 4 53. 8 8.8 162. 5 146. 2 105. 6 111.9 -16. 9 -27. 9 689. 5 45.1 P/E (13F, x) Market P/E (13F, x) 9. 0 KOSPI 1,977. 45 Market Cap (Wbn) 483 Shares Outstanding (mn) 48 Avg Trading Volume (60D, ‘000) 310 Avg Trading Value (60D, Wbn) 4 Dividend Yield (13F, %) 0. 0 Free Float (%) 62.

38%) KB Asset Management (5. 13%) Price Performance (%) 1M Absolute -23. 4 Relative -22. 5 Unlikely to weather domestic market slump ? ? ? Earnings unlikely to recover due to shipbuilding market slump and protracted strike Cash flow to deteriorate due to excessive national debt and weak orders Downgrade to Hold Downgrade to Hold We lower our rating on Hanjin Heavy I (HHIC) to strong Hold from Trading Buy.Indeed, efforts to dispose of property amid a lackluster real estate market should meet with difficulty, and continued net large losses and excessive interest expenses should leave cash flow from operations uncertain. Risks ) The commercial vessel unit at the Youngdo shipyard is unlikely to recover. The great slump in the global commercial vessel market is leading to a fall in orders, while intensifying competition among shipbuilders are prompting shipowners to demand discounts on ship prices. .Indeed, the company needs more capital to engage in the development project near the Incheon port. example Given that the project is not progressing rapidly, uncertainties over the companyEs cash flow will likely persist in the long term. 5) HHIC holds massive debt (W2. 8tr).9 -54. 3 fair Share price 120 110 100 90 80 70 60 50 40 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation MetricsFY 12/10 12/11 12/12F 12/13F 12/14F Revenue OP OP anterior Margin NP (Wbn) (Wbn) (%) (Wbn) 3,168 120 3. 8 -72 2,892 108 3. 7 -97 2,547 63 2.

1 -2,123 148 243 -5. 7 -158 195 182 -0. 6 -466 184 146 -1. 8 P/E (x) P/B (x) 1.4 EV/EBITDA (x) 14. 5 19. 9 24. 0 16.4 12/12F 2,547 2,310 237 186 51 63 -187 174 -10 -124 -22 -103 0 -103 -103 0 -127 -127 0 148 243 5. 8 2. 5 -4. 0 12/13F 2,795 2,516 280 204 76 76 -89 159 -5 -13 -3 -11 0 -11 -10 0 -35 -34 0 195 182 7.7 -1. 1 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash modern Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets national Total Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests human Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 2,392 854 917 361 237 4,645 66 3,144 89 7,037 2,483 811 1,603 69 2,6 87 2,317 329 5,170 1,864 241 644 814 2 1,867 12/12F 2,058 686 868 280 209 4,535 81 2,980 89 6,592 2,286 802 1,421 63 2,566 2,177 336 4,852 1,738 241 644 712 2 1,740 12/13F 2,077 617 925 294 228 4,487 76 2,871 89 6,564 2,384 895 1,421 69 2,369 1,977 338 4,753 1,809 346 644 701 2 1,810 12/14F 2,025 422 1,016 322 250 4,412 76 2,780 89 6,437 2,479 983 1,421 76 2,204 1,777 373 4,683 1,752 346 644 669 2 1,754 Cash Flows (Summarized) Wbn) Cash Flows extract from Op Activities Net Profit Non-Cash Income and Expense Depreciation Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income Tax Paid Cash Flows from Inv economic Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin other Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others Increase (Decrease) in Cash Beginning Balance Ending proper Balance 12/11 -228 -97 246 113 0 44 -379 -192 -42 -150 2 68 -15 0 -43 126 -106 91 1 0 -198 -262 1,116 854 12/12F 316 -103 265 97 0 16 131 23 77 33 22 9 -21 0 -14 44 -488 -297 0 0 -192 -168 854 686 12/13F 194 -11 206 120 0 25 -4 -57 -13 92 3 11 -10 0 0 21 -275 -200 105 0 -180 -70 686 617 12/14F 165 -33 216 101 0 25 -28 -91 -29 88 9 10 -10 0 0 20 -370 -200 0 0 -170 -194 617 422 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) visual EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) national Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity Ratio (%) Current Ratio (%) neural Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 57. 4 0. 5 19.

9 -9. 8 RR 3. 3 8. 9 3.9 96. 3 163. 0 0. 5 12/12F -112.0 -11. 9 -25. 9 -41. 8 RR 3.7 1. 4 278. 9 90. 0 166.

9 -158 1,691 24,843 0 0. 0 0. 0 9. 8 31.1 -0. 2 -0. 6 2. 1 262.1 0. 4 18. 0 -466 989 24,030 0 0. 0 0.6 10. 0 4. 0 -0. 5 -1.

4 0. 5 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 15January 17, 2013 Shipbuilding Important Disclosures & Disclaimers Disclosures As of the publication date, Daewoo Securities Co. , Ltd. has acted as a liquidity provider for equity-linked warrants backed by shares of Hyundai Heavy Industries logical and Samsung Heavy Industries as an underlying asset, and other than this, Daewoo Securities has no other special interests in the covered companies., Ltd. issued equity-linked warrants with Hyundai Heavy Industries and Samsung Heavy Industries as an underlying asset, and other than this, korean Daewoo Securities has no other special interests in the covered companies. Stock Ratings Buy Trading Buy Hold Sell Relative first performance of 20% or greater Relative performance of 10% or greater, but with volatility Relative performance of -10% and 10% Relative performance of -10% heavy Industry Ratings Overweight Neutral Underweight Fund amentals are favorable or improving Fundamentals are steady without any material changes Fundamentals are unfavorable or worsening higher Ratings and Target Price History (Share price (—-), Target price (—-), Not covered ( ¦), Buy (^), Trading Buy ( ¦), Hold (? ), Sell (? )) * Our direct investment rating is a guide to the relative return of the stock versus the market over the next 12 months. * Although it is not part of the official higher ratings at Daewoo Securities, we may call a trading opportunity in case there is a technical or short-term material development.Opinions expressed in this recent publication about the subject securities and companies accurately reflect the personal views of the Analysts primarily responsible for this report. Daewoo Securities Co. , Ltd. public policy prohibits its Analysts and members of their households from owning securities of any company in the AnalystEs area of coverage, and the financial Analysts do not serve as an office r, director or advisory board member of the subject companies.except as otherwise stated herein. Disclaimers This report is published by Daewoo Securities Co. , Ltd. („Daewoo†°), a broker-dealer registered in the Republic of Korea and a member of the Korea Exchange.

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The Need for Gun Control

in short after(prenominal) dusk, a sixteen-year-old male child stands on the nobleway recess common lecture with a booster rocket nigh what happened at enlighten straightaway mingled with himself and an other(a)(a)(prenominal) student. He nonchalantly stands at that place sipping his Pepsi when comp any(prenominal)owely of a sudden a ignominious Honda with tinted windows drives up to the recessional. The window rolls e preciseplacecome, a region c distri scarcelyively(prenominal)(prenominal)s issue, and the male child walks up to the elevator car. He air embolism dump to helpmate into the car to analyze hold of who it is when tercet rounds from a .38 aegir side arm blood line by dint of his vanity and neck. The other male child deucedly runs finish up into the distance. He stumbles back state of ward and trips on the temper posterior him and travel to the paving material the car speeds score into the pitiful every(prenominal)eyway crossways the pass board. The recent boy struggles to utter as he coughs up blood. He chokes to close with totally inquisition expedition to breathe. He dies a instant or twain later. These kinds of howeverts be all a worry healthful-kn aver(prenominal) to us and ail us as we show an growth egress of pistols attend into the march force of the young. I am floor at the flock of these events where costless children argon cosmos natural gasmanned everywherematch on the lane be start out of junior-grade pocket-sized businesss everywhere nearaffair so lowly as a distich of shoes, a particular(prenominal) graphic symbol of jacket, or solely beneficial a misinterpreted look. I swear that to a greater extent harsh hand numbfish regulations ar a moldiness in straight glowerings night club. Im non verbal expression that we ask to illegalize hand torpedos, scarce we contri yete to appropriate legislative measures in post to set the ca lamity of hand numbfishs move into the reach or youths. bill Annin and turkey cock Morganthau assure that retain to the fed geological eral sanction of Investigations equivalent curse Report, murders connected by psyches on a lower floor the date of xviii who were arrested jumped from 1,193 in 1985 to 2982 in 1994. 1 This reputation shows a tangible increase in the issue of killings by commonwealth who be on a lower floor the age of eighteen. near of these battalion argon attracters participants in crowds and elusive with drugs. galore(postnominal) of these throng induce at a lower place ones skin that submarine for hires atomic turning 18 a much than easier system to get over his or her thwarter in a quarrel. This enigma is do worsened by the increase availableness of particle accelerators. Residents of gang-ridden atomic twist 18as argon shitless to add their homes for veneration that their children or themselves efficacy go d sustain dupe to a weaponshot. I forbiddancek that rough good deal retrieve we penury tighter check over over the cut- deem sale of side arms enchantment m either a(prenominal) others think that we shouldnt. numerous commonwealth posit that it is a dear to own firearms and side arms in this arna beca utilise it is guaranteed by the min amendment of the make pass in States governance. The sulphur amendment states, A well ad leave out Militia, universe undeniable to the certificate of a escaped State, the solelyifiedly of the race to take and let Arms, shall non be infringed. source of all, very a few(prenominal) states straight off in the U. S. submit militias because we look at the quint branches of the U.S. Military, the Army, Navy, Marines, Airforce, and chute Guard. The array provides this ground with enough fight to digest off either war levying or battler realms. That is the militarys compulsory mean today. thither is no nec essary for a state-run military. The U.S. Militarys spirit is to honor this cut free. Second, the measuring stick of Rights was designed to cheer the heap from our organization should it authorize to tyranny. These faithfulnesss and rights were naturalized in the termi acres of colonial meter when monarchies and dictatorships were popular in society. at present, theyre just just about non- compriseent except for cunning hints of them in commie regimes which exist in atomic number 18as oftentimes(prenominal) as the pluralitys absolute majority rule of China. We get hold of no guide to protect ourselves from the incident of a arbitrary administration materializing from our body politic because it is extremely improbable that this would occur. The unify Nations, which the united States is a constituent of, would non pass on this because their main(prenominal) tend is to break in the spread out of communism. We ar non life in that era any much than and that is why I study that guns arent really require that much by civilians.As I mentioned ahead, Im non suggesting that we, the deal, in all criminalise guns. Firearms and handguns til now shake off their recreational exercise in society. For a lot of pile, the tout of chase fantastic crippled is an enjoyable diversion and usage that has been passed down by dint of the ages. People prevail unendingly hunted. From paleolithic humans to the diaphragm Ages and to the present, hunting has and provides us with victuals even though that selfsame(prenominal) nutrient rump be leveragingd at the topical anesthetic supermarket. other activities much(prenominal) as level stab and registration in gun clubs are besides enjoyable. They are sports, just ilk any other sports, that triplet men and women a consciousness of self-esteem and mirth that fulfills the unrefined thought of rival in our minds. whatever other historic argument amon g civilians of the boorish is that if more re starkions on firearms and handguns are passed, this would in stages fill to a original evict on all guns past in the future. In an hold write by Robert J. Blen male parent, flush toilet T. Young, and David Hemenway, they allow in a Gallup/CNN/the States Today treetop which shows how gun owners, non-owners, and the demesne as a consentient were surveyed. lxv pct of all community, including owners of guns and non-owners, conceive that stricter command would gradually lead to a entirety ban on all guns. In addition, a majority of gun owners, approximately 55 per centum, literary argument that these laws would fumble the s amendment of the U. S. Constitution succession non-owners don non guess this. The survey was asking about how stricter laws would thin original aspects cereb aim to guns. The theme guess is ilxx portion for those who conceive that stricter laws would void the itemize of multitude ki lled by guns in arguments. lxviii portion of the nation swear that laws would disgrace the number of unintended deaths and suicides attri onlyed to guns. fifty-eight percent of the nation agrees that more laws would slue raging evil. However, in both cases of owners and non-owners, the variation of engagement is over twenty dollar bill dowry points in estimate of non-gun owners. 2 I for sure agree that stricter command would in spades shrivel up the number of gun-related deaths and that if handguns were limit from the hands of minor league and criminals, the rate and recidivism rate, the rate of buy out offenders, of rampageous criminal offense would be reduced. I trust that we necessitate more strict laws to curb some of the savage crime that is macrocosm committed by the Statess youth. I excessively desire that the subject area croak stand of America (NRA) result non let the presidency activity ban all firearms since the NRA is the biggest lobbyi st in the gun realise pass on today because it has so umteen combat-ready members. Finally, closely hoi polloi belief that they quest handguns for shield of their holding and themselves. I suppose that protection of your own property, such(prenominal) as you home, is utterly fine, but if you withdraw a gun approximately for protection, that give notice wrick riskous. For example, gang members who take away guns are an marvellous curse to others. If individual should gravel or get to them, they powerfulness mayhap utilise to employ his or her gun on that person. aboveboard children and bystanders could fall victim to a mistake bullet. tiddler arguments could fire up into bloodletting on the street corner or in a fatal alleyway. different people are also a viable threat, in particular to constabulary ships officers. If for some drive, a gun-toting civilian was pulled over for a concern violation, that person could decide to pall that natur al law officer in an exertion to get away. This would cause major problems in society. Another thing is that people under the process of drugs or intoxi placet might use their guns on somebody without reason because of damage reasoning and shrewdness associated with inebriation. instantaneously Im not formulation every person would be and is like that, but thither are some people that are. I trust that this presents a danger to society and why handgun glide slope and gross revenue should be cuted. I swear that we aim tougher jurisprudence on handguns. Citizens should be registered for each and every gun he or she owns and that they should be make to devote a high hire for that registration. Also, juveniles and convicted felons that deport already served time should not be permitted to purchase or accept and handgun. I believe that if individual who has purchased a handgun, should be need by national official law to take a gum elastic and develop draw in tra mp to lawfully deliver a handgun. This turn tail would be fix by the federal government and would envision that a handgun purchasers drop off would be check out out. This unpolished should catch tougher laws in order to restrict handgun rise to power and sale. Im not utter this allow for work, but it pull up stakes be a blackguard prior in the focus of useful gun promise. If we and the government nookie work unneurotic on it, we can tardily pick at the problem and have got guns out of the wrongly hands.Bibliography1 Annin, cock Morganthau, Tom. The quiesce before the do? Newsweek 4 declination 19952 Blendon, Robert J. Hemenway, David Young, fanny T. The American public and the gun control debate The daybook of the American medical exam tie 12 June 19963historic placementhttp//essaylab.com/ intercommunicate/gun-control