Comparison Shopping Project

I think the first and foremost purchase consideration is the price, next is the quality and then is the convenience. Every consumer desires the quality of the product is good and the price is lowest. If that desire meets, the consumers will choose the more convenient way to get the Item they would Like to buy. So now there are two ways for me to get the poll fleece Jacket. The market price of the poll fleece Jacket now Is 99 ARM. But In the UNIQUE online shop Is sold 106 ARM, more 7 ARM Is for the express fee. Shopping Comparison If I choose to buy in the UNCLE physical agent, I need select a day when I am free to go to the mall by bus.It takes me about 1 hour to arrive there. And I will use about 20 minutes to find the UNIQUE physical agent. Unfortunately, the shopping mall is open at 10:00 am. It may occupy all of my forenoon time. It is not a good thing for a student who is busy with her study. When I get the physical agent, there are many poll fleece jackets for me to select and fit. I can touch every of the poll fleece Jacket to decide which one should I purchase. Meanwhile I can select many colors of a same style poll fleece Jacket to fit and finally pick the right color and size to purchase.Once I change my mind, I can change anyone I want before I pay. And then I will go back by bus with my new poll fleece Jacket. The bus tickets cost me for 4 ARM, and when I get back is almost the time of the afternoon. If I choose another way that purchase poll fleece jacket online, I would pay more 7 ARM for the dispatch fee. I open my computer, and enter the UNIQUE online shop. Then I need to go through all of the electronic catalogs and try to find the poll fleece Jacket entry. And then click the poll fleece Jacket links to access to the interface.In the interface I can find many kinds of the poll fleece Jacket. Subsequently, I should scan of the information about the product. Firstly, I will select some attractive product such as better mode or color and put in my electronic shopping cart. Secondly, I will scan the information of these products and carefully analyze and compare with them. There is a zone that I can see the referral or recommendation from other consumers who has bought the product. Finally, after I Identify all these products, I will come to a best choice and purchase the desirable poll fleece jacket by online banking.To use the online banking, I must my bank card is security. The process totally wastes me for merely 2 hours. In the other side, I am watching the computer all the time in the duration of buying. My eyes may be tired at end. Unfortunately, my decision is should not be changed. Once the order of the product is submitted and come into force, I must accept the product. Although there are something I am not satisfied with, such as the color is dimmer Han I see online or the size is not my size etc, I cannot return it to the seller except pay the additional dispatch money.If I am not willing to pay the extra fee, the product is a waste thing. It will be a bad shopping experience. Recommendation All of above is about the two ways to purchase. As we can see, there are spaces for the two purchasing process to improve. Buying in physical agent is not convenient for the consumer, and it wastes time. The price in the shop is the market price and may be higher than online shop. But consumers can select among many kinds of the olla fleece Jacket and purchase one they most satisfied.Foremost the quality of the product is assured. To attract more consumers to buy in the physical agent rather than online, the shop should carry out some activities such as give some presents or trial packs of the shop. Buying online is convenient to the customers, but rate of online fraud is increasing. Consumers may not always get satisfied product, and the online bank payment is also has some risks and problems. The digital certificate is not protect well, the bank need to research a new technical invention to do that wel l.It is regrettable that not every product online is in good quality. So there need a third-party in the process of buying online, the third part should inspect every product selling online to assure the quality of them. It will make many consumers buying online instead of purchasing in the physical agent. With the development of technology, buying online may be completed the same as the physical agents in the future. The consumers can choose which purchasing process they like. And each process might not cause problems.

Trying to Find Chinatown

ENG-112-E1 20th March, 2013 â€Å"Trying to Find China Town† For Analysis 1. Benjamin is revealed his ethnic towards becoming a Chinese and how they look and define as a Chinese. Benjamin thinks he knows more because of his knowledge about the history, although he is a Chinese-American. But Ronnie argued he is a Chinese because his skin tone. They both are arguing different things. 2. Benjamin considers himself as Chinese is because he is a Caucasian Asian American and he knows the cultural heritage of Chinese, his identity.But as Ronnie, he just knows a little bit heritages of Chinese and even mixed up with African and European elements. 3. For the second-to-last stage direction, Hwang wants the audience to think about the contradiction between the characters. Actually they both are the same, Chinese, but they did not have the same view. The racial identity should not based on skin tone but connections between culture. For Writing 1. The writer, Hwang, wrote that the ways of speaking are different.Ronnie is more impulsive and exaggerate, like â€Å"Oh, Jesus†. Benjamin is more gentle and nice to Ronnie. He talked with him in a pleasant way instead of rude answering. 2. The characters both disagree about the importance of ethnic heritage to identity. In my opinion, both of them should not judge the other about what their race is. It is because skin tone does not represent one’s cultural. People could not understand what their background is. As the writer wrote, it is important to have the same connection in the same race.

The influence of the european culture in management leadership style Research Paper

The influence of the european culture in management leadership style of european managers working in Asian countries focusing on - Research Paper Example The approach used in leadership and management therefore determines the outcome of the various decisions made. However, all these are influenced by factors such as the immediate as well as external environment, the structure of the organisation or institution, business culture and the relationships which exist between the management and the subordinates (Marcus et al, 2003). Management and leadership are inherently dependent on each other although leadership is a component of management and success in any decision made is influenced by the balance between the two elements (Hofstede, 1991). Management styles are influenced by the leadership styles employed in the running of business entities. There are four fundamental leadership styles although there are several others which are based on the particular management approaches used. These include democratic, laissez faire, autocratic and participative leadership styles. Democratic, laissez faire and participative management leadership s tyles involve staff while autocratic style is purely based on the management making decisions for the business or company (Marcus et al, 2003). ... Asia in specific India has been receptive to the European leadership styles compared to other parts of Asia and African countries. According to Ralston et al (1993), the increase in international affairs has led to the convergence and divergence debate where organizations take strategic positions in different ways. The authors point out that convergence thesis is where economic ideology is the main driver of cultural values for example exposure to European business leads to the adoption of European culture. Thus culture is treated as something accidental that does not have any prior planning for it to take place. On the other hand, Hosfede, (1980, 1991), Adler (2002) point out that a divergence perspective recognizes a country and its cultural differences, they emphasize that culture plays a big role in influencing the way management is conducted. Ward et al (1999) and Ralston et al (1993), indicate that when two cultures meets and equally exchange ideas and values, that is cross â⠂¬â€œdivergence, this type of divergence recognizes the importance of national culture and economic ideology and the synergy between the two â€Å"â€Å"when an individual incorporates both national culture and economic ideology influences synergistically to form a unique value system that is different from the value set supported by either national culture or economic ideology† (Ralston et al, 1997: 183). According to the Centre fro Comparative Management Studies (2011) the relationship between culture and leadership styles and agrees with the notion that culture has a small but significant impact on the leadership styles of an individual , other factors that affect an individuals leadership styles are the

The Challenges for Inclusive Education in China Essay

The Challenges for Inclusive Education in China - Essay Example Poor human resource management in the form of teachers lacking necessary qualifications and motivation and absence of required teamwork all contribute to halfhearted attempts at inclusive education. Administrative Challenges Malinen (2013) shows some interesting trends with regard to inclusive education in China. For instance, Malinen (2013, p. 6) reveals that almost 60% of Chinese children with disabilities already study in mainstream schools. However, this optimistic figure is based on a disability assessment system that is based on functional disability such as visual, hearing, language, intellectual, physical and mental disability. On the other hand, the WHO categorizes disabilities along cognition, mobility, self-care, getting along, life activities, and participation domains. Thus, the performance of inclusive education in China appears deceptively positive. Some legal and social challenges include the difficulty of children of economic migrants to large cities getting admitted to schools in the cities. The large classroom sizes, rote learning and an assessment system based on competition rather than teamwork also make it difficult to implement inclusive education. Malinen (2013) also notes that teachers spend little time in planning lessons for inclusive classrooms. The UNESCO (2003) report also reflects similar views such as the inadequacy of the curriculum to meet the diverse learning needs of inclusive classrooms. Inclusive schools are often inaccessible to scattered populations which also pose a strong challenge. Chen (n.a.) also notes the problem of large classrooms for inclusive teaching to take place. The dearth of effective teaching aids further complicates the situation for teachers, who are inadequately trained at times. Poor school management... This paper approves that a conceptual paper on inclusive education by UNESCO validates the findings of Zhu and Wang by identifying some of the same barriers to inclusive education. The report highlights the challenge posed by socio-economic factors such as inadequate educational facilities and inequalities bred into the educational system. Poor human resource management in the form of teachers lacking necessary qualifications and motivation and absence of required teamwork all contribute to halfhearted attempts at inclusive education. This paper makes a conclusion that the main challenges to inclusive education in China are administrative and cultural. School administrations are struggling to equip inclusive schools with well-trained teachers while parents of children with special learning needs need to appreciate the importance of inclusive education. Resources need to be invested in teacher training, curriculum development and making inclusive schools accessible to the target populations. The current curriculum and teaching methodologies are inadequate for meeting the learning needs of students. The Chinese government seems to be making inclusive education a major priority; however, cooperation from local governments is also essential for these efforts to be effective. Moreover, once general consciousness that inclusive education is beneficial for the whole society is raised, the prospects for inclusive education in China are likely to become much brighter.

Class inequality Essay Example | Topics and Well Written Essays - 1000 words

Class inequality - Essay Example To put the short story in context, the following statistic pertaining to academicians in Morocco raises a relevant point. Since 1981, average earnings for non-manual workers have increased by almost 40 per cent in Morocco; academicians earnings since then have increased by just one per cent, which means that their middle-class status is under threat, and theyre starting to wear a haunted, underclass look. But, as recent as the early 1970’s, things were looking much brighter for the middle classes. Back then it was believed that academic scholars are on a social parity with lawyers, only with access to more, and better, resources and with other trappings that bestow social status. But, the present state of affairs and the lack of enthusiasm for academic jobs paint a grim picture of the nature of class disparity within Morocco, which is related to the kind of disparity depicted by Abouzeid. For instance, the custodian says â€Å"My pay is very low. The Children are endlessly in need of things, costs keep rising and no one gives a damn about us† (The Discontented). This utterance clearly captures the sentiments expressed above about the state of the middle classes in Morocco. The labor unions, which have been pivotal in improving the working conditions of the working classes, have traditionally been very active in Moroccan politics. But the recent trend is unfavorable to the labor movement. The adverse trend is manifest in the kinds of youth conferences taking place across Morocco. One can see the difference: â€Å"The beer-bellied salt-of-the-earth types who still pervade the delegations of the old manual unions at labor unions could never be mistaken for the small businessmen and their wives with the conservative sections. One can hear the difference: many labor union delegates may be quaffing Chardonnay not bitter these days, but there is no equivalent of the upper-class baying for G-and-Ts which will echo

SECURITY ISSUES IN RED HAT ENTERPRISE LINUX Dissertation

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

Offenses Against the Public Assignment Example | Topics and Well Written Essays - 1000 words

Offenses Against the Public - Assignment Example Introduction Lippman, (2010) defines bribery as the practice of receiving, offering, soliciting, and giving something of significance for purposes of influencing the act of an official in charge of his or her, legal public duties. It can also be said to be an illicit gain advantage. The Federal General Statute Bribery is responsible for punishing the bribery offenses in the United States. The law pertaining bribery punishes whomever indirectly or directly, offers, gives, or promises anything of worth to an officer in charge of public duties with an aim of influencing the official deed will be committing a bribery offence. In this regard, this paper aims at describing bribery as well as expounding on the laws that pertain to it. Question 1: Description of public trust crime (Bribery) Bribery can be described by a wide variety of conducts and in most cases; it is a crime that has a structure and white-collar situations. Some of the obvious bribery examples are release of an arrestee, a cquiring a contract of the government award and vote from a legislator on one’s bill. Scheb (2012) explains the traditional perception of the public servants by knowing the bribery potential in political parties’ ranks. Money is what comes to mind of many when bribes are requested or offered. There are many forms of bribes that are offered or sought. Therefore, bribe does not only include cash or its equals, but also intangible or tangible benefits as sexual favors, vehicles, homes vacation and other price benefits. Consequently, bribes can occur in a number of disguised or subtle ways like; selling of property for a smaller price than its worth value, where the main aim of the seller is to benefit the person who is purchasing property in order to influence his government official actions. Bribery is in white-collar crimes category because it is nonviolent and focuses on the social background of the person involved in the act. Lippman (2010) argues that White-collar cr ime is an illegal act which employs concealment and deceit rather than force application in order to obtain service, property or money. This is what bribery aims at; it does not involve any form of violence but rather takes an advantage to avoid loss or payment of cash in order to obtain a professional or business advantage. The bribery offenders occupy professions, responsibility positions, civil organizations, and government trusts. Bribery can also be described according to the form of its activity. For example, it has an advantage of seeking the attention to consumer and tax fraud as well as other offenses. Individuals who commit this crime are from various backgrounds socioeconomically. Another form of bribery as Scheb (2012) clarifies is commercial bribe which involves, offering or giving indirectly or directly, something of worth to an employee, private agent or fiduciary without the employer’s knowledge, in order to influence the employee’s or agent’s ac tions in relation to the affairs of the employer. Travel bribery is another form of bribery crime whereby; an individual decides to interstate or use facility with an aim of promoting, facilitating or establishing a promotion of any activities unlawfully is guilt of bribery crime. Conducting activities, which are unlawful, is therefore, bribery in the United States. Therefore, bribery as a crime includes many

Travel and Leisure Industry Assignment Example | Topics and Well Written Essays - 3000 words

Travel and Leisure Industry - Assignment Example Attitudes to the industry in question Roles of men and women in the society What is the age and income profile of the citizens and how is it likely to change FOR CENTER PARCS Increased personal stress - Increased personal stress has become a way of life in UK and everyone is looking towards ancient therapies to relieve stress and regain vigour and health. Therefore, a need to rewind during the weekend and / or take a few days off for pure relaxation and rejuvenation is increasing. Increase in the older generation - The older population continues to increase with the 'baby boomers' reaching the age of above 55 years. The 'grey' market therefore is ready for boom. Increase in the corporate travel incentives - Corporate travel incentives has seen an increase over the year; a trend that is unlikely to change in a hurry. Increased interest in beauty and fitness - high interests in health, beauty and fitness among the UK populations have made the spa industry to be a sought after area of operation. Other factors - Reduced costs of airlines (Anon, 2005) . All this points towards a higher demand for services like health spas. TECHNOLOGY FACTORS The technological factors that one reviews are How vital is technology for the industry Does it allow for reduced variable cost of the product Does it allow for more innovative service FOR CENTER PARCS Technology of a different kind - Here a technology of a different kind is required. Understanding various treatments like 'Carita', 'Decleor', 'Elemis' and other such treatments is a must. The techniques of a Turkish bath, a Japanese Salt Room, Aromatherapy, Reflexology and many more do not come without technology. Trained professionals who are qualified need to be recruited to... Increase in the numbers for the older generation - Groups such as the Fitness Industry Association are lobbying for a US style tax system for the use of health clubs on the premise that by encouraging the citizens of UK to be healthier the load on the National Health Service will reduce (Anon, 2005). Taxes for the industry - There is a positive view on the overall taxation for the industry since the current government is encouraging citizens to take time off for leisure and is propelling the health industry into momentum. Increased personal stress - Increased personal stress has become a way of life in UK and everyone is looking towards ancient therapies to relieve stress and regain vigour and health. Therefore, a need to rewind during the weekend and / or take a few days off for pure relaxation and rejuvenation is increasing. Technology of a different kind - Here a technology of a different kind is required. Understanding various treatments like 'Carita', 'Decleor', 'Elemis' and other such treatments is a must. The techniques of a Turkish bath, a Japanese Salt Room, Aromatherapy, Reflexology and many more do not come without technology. At the beginning of 2003, the estimated number of private health clubs in UK was 2328. Other information sources suggest that these are conservative estimates and the actual number was close to 4271. It is clear therefore, the competition for Center Parcs is large. Most of these are luxurious

Tobacco advertising should be banned Essay Example | Topics and Well Written Essays - 1000 words

Tobacco advertising should be banned - Essay Example â€Å"Each year smoking kills some 431 000 people in the community, 110  000 of them in Britain† – such lamentable statistics is suggested by Vickers (p. 1995). Hence, addiction to cigarettes remains to be an important and relevant problem for people in Europe and this problem may be straightforwardly related to tobacco advertising. It is definite fact that tobacco advertising should be banned and such kind of publicity for product which kills people’s lungs and takes away its lives should be prohibited. Actually, â€Å"in 1999, the European Parliament approved a ban on all forms of advertising for tobacco products† (K.M. Lancaster and A.R. Lancaster, 41). This decision is considered to be appropriate and wholesome. There are some straightforward reasons for such an idea and they are absolutely logical and reasonable. The essential point which is worse to mention is stopping children to become addicted to the cigarettes. It is suggested that five of six adult smokers commence this horrible addiction at the age of sixteen (Vickers, p. 1995). This is the time of rebellion and adolescent extremist orientations. Children in that age do not realize all consequences and harmfulness of cigarette addiction. And three influential factors which induce young people to smoking addiction due to Nelson (808) are: They all are connected and presuppose young person to harmful habits like smoking for example. Advertisements itself is related to social environment sphere as we can observe them everywhere in the streets, on television or newspapers. We are a consuming generation, so advertisements are considered to be our environment. At the same time an appealing advertisement may attract attention of young generation and encourage them to buy a pack of cigarettes. Such advertising compose a wrong perception of what cigarettes are and what implications their usage may cause. Moreover, advertising campaigns create false

Dumping in our Waters Essay Example for Free

Dumping in our Waters Essay Water is probably one of the most important resources we have. People can survive without food for several weeks but without water we couldnt live for more than a week. Millions of liters of water are needed every day worldwide for washing, irrigating crops, and cooling industrial processes, not to mention leisure industries such as swimming pools and water sports centers. (Internet Source) Despite our dependence on water, we use it as dumping ground for all sorts of waste, and do very little to protect the water supplies we have. There are several threats to our water resources. Oil spills kills thousands of seabirds and can wreck water desalination plants and industrial plants drawing their water from affected coastline. (EBSCO CD-ROM source) Poor management of existing water resource can lead to these resources running out or at least shrinking. Much of the pollution in the rivers and seas comes from chemicals, mainly from agriculture. Another pollution issue, which is not brought up often, is thermal pollution. As you can see we have many problems in our waters and we need to protect the waters. In the long run water pollution is going to harm us more than we now it, because a little bit of our ocean is dieing and sometime in the future its going to kills us. The thing thats worries me the most is the animals. The animals in the ocean are dieing everyday in the ocean because of the bad pollution we have right now. Every year millions of animals dies because of the water pollution we have and 65% of the sea animals die because of the pollution. (Internet source) Companies, industries and people litter in our waters and for sure that is not a good thing. We need to learn that we are not going to live very long if we keep doing this. Every year it has gotten worse, the water pollution has gone about 3% every year and that a whole lot more litter and killing that we do. (Internet source) People like us cause water pollution. Dumping our trash into the ocean is one thing that causes this problem. Another is an oil tanker spilling oil in the ocean or not recycling our trash is seriously destroying the waters even more. The effect by all this water pollution is killing the waters but also a big part is killing our animals. Sea animals are very important to our lives. One of the main problems is the oils spill we have every year. People call this oil slicks a common name for oil spills. One of the hugest media surrounding oil spills was Saddam Hussein in the Gulf War. (Internet Source) He caused many oil spills during the war and that serious killed many of the animals in the ocean. Although measures have been taken to prevent spillage from oil tankers, there will still be accidents as the world use oil, and there is always the possibility of oil being spilled in war or by terrorist activity. (EBSCO CD-ROM source) Oil also gets into the sea from many other sources. On a graph 37% of oil pollution comes from industrial discharges and urban run-off. 33% from vessel operation, 12% on tanker accidents, 9% on atmosphere, 7% on natural sources, and last 2% from exploration production. (Internet source) Oil pollution is a major problem in water pollution and there is really no simple solution to this problem but what we can do is try to prevent, come up with ideas to stop the pollution and protect our waters. For many years has been used as coolant in industry, especially in power stations. It was never though of as a problem back in the day, because nothing was actually added to the water. However, higher temperatures can cause enzymes and microbes to speed up, and can eventually kill sea animals. Change in temperature can cause fish to migrate to regions where the water is best for them, but kill any species, which cannot move away. (Internet Source) Recently people have realized that only small changes in temperature are need to have considerable environment impact. One possible solution is to use the excess heat from industry to heat home. (Internet Source) In the book Water is everyones business it says this might sound very attractive but it is only practical when the homes are fairly close to the power station, and even promise cheap heating is not enough to persuade many people to live next door to a power station. (Behrman A.S. 121) This subject brings me up to my next one, which is a world without trout. If water temperatures keep rising such possibly thing might happen. Unless something is don trout and salmon will be eventually killed because of thermal pollution. The primary cause of this warming water trend and cold water fishery decline is by carbon dioxide. Although transportation produces whopping amounts of atmospheric pollution, fossil fueled power plants alone  generate 40% of the carbon dioxide in our air. Ways to prevent this is to find other sources to light up our houses. Now a days companies and industries have found other resources and it has been helping a little bit at a time. Last of all Drugs in the waters has cause many problems as well. Most drugs are in local streams, rivers, and perhaps even farms, as sewage bio solids used as fertilizer. Most drugs that are not used or have been used are being trashed in our oceans. Now what kind of people does that? This is serious is harming the waters, animals, and even us. Chemicals that come from drugs float around in the water and you dont even now about this. How does that make you feel because, many people have gotten sick of this pollution and even died. If people have gotten sick of this it takes a while before it kicks in but for sure you get a good dose of sickness. This serious is a big problem that we can easily prevent. Its so simple just dont trash the waters with the drugs, anywhere than the waters that we so need. This student from West Torrance high school sponsored a poll asking the students whether they think water pollution wills damage our ocean in the long run? 96% of the students think it would. The other question was do you think we should take care of the ocean more because of all the pollution? 87% of the students said yes and 13% said no. (Poll) This poll shows you that we should take care of our waters and think about what pollution is going to do to us in the long run. In conclusion all these problems that we have in the world should try to be prevented or stopped. We all can be a part of this by not littering because you really dont now where that trash is going. Most of it goes to the ocean and it kills the waters. Slowly and slowly the waters are going to be destroyed and we really need it. Water is probably the most important that we need to live. Without water we would die, animals would die and everything would die. This essay should be consider by all of the people because in the long run we are not going to live very long if we still pollute the waters. We need water in many different ways and we cannot live without it. Also the animals that we have should not go through the pain of dieing because we are polluting the waters. They have not done anything to  us so we shouldnt do anything to them. Prevent the water pollution in the world as little but as you can because you never now what possibilities it can do.

West Side Story And Romeo And Juliet Film Studies Essay

West Side Story And Romeo And Juliet Film Studies Essay West Side Story is an American musical written by Arthur Laurents, music by Leonard Bernstein, lyrics by Stephen Sondheim, and choreography by Jerome Robbins. It is said to be a rendition of Shakespeares Romeo and Juliet. West Side Story and Romeo and Juliet have a number of similarities and differences in many ways. The play, Romeo and Juliet, is set in Verona in about 1594.   In contrast, West Side Story takes place in New York City in 1957.   Most of the characters in West Side Story can be seen as a modernized version of many characters in Shakespeares Romeo and Juliet. Tony can be seen as Romeo, Maria as Juliet, The Jets as Montagues, The Sharks as Capulets, Anita as the Nurse, Riff as Mercutio, Bernardo as Tybalt, Doc as both Friar Laurence and Balthasar, Chino as Paris, The Police as Prince, Anybodys and Baby John as Benvolio. Many scenes in West Side Story and Romeo and Juliet have very close parallels connection. The confrontation between the gangs at the beginning of We st Side Story can be seen as a parallel to the 3rd civil brawl scene in Romeo and Juliet, dance at the gym as party at the Capulet house, fire escape scene as balcony scene, mock wedding at the bridal shop as wedding at Friar Laurences cell, rumble underneath the bridge as duels between Mercutio, Tybalt and Romeo, and Anitas mock rape scene as nurse abandons Juliet by urging her to marry Paris. In addition to the similar connection between the characters and the scene, the theme of male dominate patriarchal society appears to be one of the major theme throughout both plays. Romeo and Juliet has been criticized by many critics as having strong gender roles. According to an article written by Professor Jeanne Gerlach, Professor Rudolph Almasy, and Professor Rebecca Daniel, the men are expected to carry themselves with honor and pride. Anything the man or the head of the family wanted would be put into motion as soon as he finished saying the words. In contrast, a womans typical role and characteristic of that time period was weak, subservient, always holding her words when it came to decision making, and be obedience to the husband and father. At the beginning of Romeo and Juliet when one of the Capulets servants, Sampson said, And therefore women, being the weaker vessels, are ever thrust to the wall; therefore I will push Montagues men from the wall, and thrust his maids to the wall.(I, 1, 15) These words from Sampson is further reinforcing a typical stereotypical Renaissance thinking which suggests that women are weaker in physically, emotionally, intellectually and morally in nature and they exist for male sexual gratification only. Similar, such thinking on woman can also be found at a parallel scene in West Side Story during the confrontation between the Jets and Sharks at the beginning. After the character, Anybody, express her interest in joining the gang and that she could fight as good and strong as the men does to Riff, one of the Jets wannabes start making fun of her sexually or mocks her undesirability then Riff sends her away by telling her to beat it. Such action done by the Jets also further reinforcing the stereotypical thinking and inequality between the man and the woman. Another example of how Romeo and Juliet and West Side Story further reinforcing genders roles within the male dominate society can be seen in the rumble between the Sharks and the Jets underneath the bridge scene. After the Rumble, Anybodys treat to act as Tonyà ¢Ã¢â€š ¬Ã… ¸s unofficial protector. Even though she was not physically present during the rumble between the Sharks and the Jets, she seems to be lurking in and out from shadow and only appear as the most useful person or tool when the man, Tony in the scene, in urgent need of her to help rescue him from the police after all the other Jets fled the scene without him. In fact, she refuses to leave without him by repeatedly shouting Come on, Tony! until he escapes with her. Such action perform by Anybody could be seen as a reinforcement on gender roles. A woman, the wife or daughter, should remain loyal and obedience to the man, husband or father, even if everyone else are not doing the same. Such loyalty that the society is s eeking the woman should have also appeared in the scene where Juliet learns the news that Romeo has killed her cousin from the nurse. Nurse: Will you speak well of him that killd your cousin Juliet: Shall I speak ill of him that is my husband? Ah, poor my lord, what tongue shall smooth thy name when I, thy three-hour wife, have mangled it? (III, 2, 105) Juliet is showing her loyalty to her husband, Romeo, even when the nurse is blaming Romeo for Tybalts death. In conclusion, both Romeo and Juliet and West Side Story both reinforcing the idea that the womans typical role and characteristic of that time period was weak, subservient, always holding her words when it came to decision making, and be obedience to the husband and father. In contrast, a mans typical roles and characteristic should be masculine and powerful and expected to carry themselves with honor and pride. In Romeo and Julie, Mercutio and Tybalts death were a result of a man defending the mans pride and honor. The death of Bernardo in West Side Story was also a result of the men defending the mens honor and pride. We can see these values that the society put on us being employed in both Romeo and Juliet and West Side Story.

Critical Thinking Is More than Common Sense Essay -- Critical Thinking

If one were to ask a group of high school seniors questions like, â€Å"Who was the first U.S. president?† or, â€Å"What equation is associated with the Pythagorean Theorem?† they would likely discover that the majority of the students would answer correctly. However, if one were to pose the questions, â€Å"Why did the Civil War occur?† or, â€Å"Why are international trade relations between other countries important to the U.S.?† they would receive fragmented responses at best; few students would be able to provide clear and concise answers. This simulated example clearly underscores some of the current flaws in the education system across the nation. Instructors teach students, and expect them to learn; they do not teach them how to learn. Many educators have taught students well how to compile trivia and miscellaneous facts, but few have truly embraced the method of critical thought in the classroom. Kansans praise the system for the improving te st scores, yet they fail to see through the blanket of such pseudo-success, and they do not realize the true mediocrity of the Kansas educational curriculum. Secondary schools in Kansas should place a greater emphasis on critical thinking in the classroom. As indicated by studies from the National Assessment of Educational Progress, students fall short when it comes to critical thought and reasoning (Jasparro, 86). Because of the current classroom practices of rote memorization, â€Å"students are generally deeply habituated to passivity and low-level performance,† reports Linda Elder, executive director for the Center for Critical Thinking, who promotes the integration of critical thought into current curriculum. â€Å"Most [students] have no conception of what discursive reasoning is. Most have spen... ...mprovement Research Series. Nov. 1991. Northwest Regional Educational Laboratory . â€Å"Critical Thinking Skills Key to Raising SAT Scores.† Business Wire. Lexis-Nexis Online. 30 August 1991. Keywords: Critical Thinking. Elder, Linda. â€Å"The 18th International Conference on Critical Thinking and Educational Reform.† 18th International Conference on Critical Thinking. 4 Aug. 1998. The Center for Critical Thinking . Jasparro, Ralph. â€Å"Applying Systems Thinking to Curriculum Evaluation.† NASSP Bulletin 82.598 (1998): 86. Paul, Richard. â€Å"Content is Thinking; Thinking is Content.† Content is Thinking. 28 June 2001. The Center for Critical Thinking . ---.

Challenges of Digital Age Essay -- Essays Papers

Challenges of Digital Age Technology over the years has drastically changed. For many people things like the Internet, digital cameras, and cell phones with Internet capabilities are very foreign items. These changes in technology are improving the world that we live in by making many things in our lives much easier and more efficient. An example would be a student in search of materials for a school project. Instead of having to go to the library they are able to just get online and find everything that is needed for them to complete the project. However there are also challenges which our society faces in the wake of this new technology. The effort to make our society run mostly on digital technology is very efficient yet it also lacks in many areas. The three greatest challenges of the digital age are problems encountered with meeting people online, file sharing, and the lack of knowledge between generations because not everyone has grown up with a digitalized world therefore causing problems when trying t o fully immerse our society. Over the years the internet has brought new ways to meet and keep in touch with many around the world. The creation of online communities has become increasingly popular. Chat rooms, singles sites, myspace, thefacebook, AIM as well as many others have given people ways to meet and connect with others and has eliminated some of the challenges of meeting people in person. Relationships online seem to be easier because there is no face to face contact and therefore if something is not working within the relationship it is easier to stop talking to the person then if they had a personal relationship. However is it a good idea to actually meet the person who you get along with so well online, i... ...are not benefiting from their work. This is a problem, which our society faces because a lot of things are becoming available to us in digital files. People becoming able to access music, movies, television shows, pictures, etc. just by getting online. This is an issue that needs to be addressed as the digital age continues. The generation gaps, which are within society today greatly, effect the increase in digital technology. The three greatest challenges of the digital age are problems encountered with meeting people online, file sharing, and the lack of knowledge between generations because not everyone has grown up with a digitized world therefore causing problems when trying to fully immerse our society. In order for many to understand hpw digital technology is affecting society they first have to be willing to understand it which many do not yet want to do.

Resistance to Organizational Change in Business Essay -- Business Deve

By any objective measure, the amount of important, frequently distressing, change in organizations has grown enormously over the last two decades (Kotter, 1996). Jeffrey M. Hiatt, CEO of Prosci Inc., (as cited by Gibson, Ivancevich, Donnelly & Konopaske, 2009, p. 481) explained, â€Å"thirty years ago, a fortune 100 probably had one or two enterprise wide change initiatives going on; today that number is probably between 20 and 25.† The speed of global, economic, and technological development makes change an inevitable element of organizational life. Change is a pervasive, persistent, and permanent condition for all organizations (Gibson, et al., 2009). Organizational change means different things, and strategic renewal comes in different forms. Organizational change includes such concepts as first-order; incremental, continuous change and second-order, transformational/revolutionary, discontinuous change: †¢ First-order, incremental change, which may include modifications in systems, processes, or structures; however, it does not involve basic change in strategy, core values, or corporate identity. First-order changes preserve and develop the organization: they are changes created, almost contradictory, to sustain organizational continuity and order. †¢ Second-order, discontinuous change is transformational, extreme, and substantially alters the organization at its core. Second-order change does not involve developing change, rather it entails transforming the makeup of the organization (Palmer, Dunford, & Akin, 2009). In addition, Nadler and Tushman (as cited in Palmer, et. al, 2011) develop this distinction involving incremental and discontinuous change, explaining th... ...telnikov, V. (2001). Strategic management. Retrieved from Company Vision: http://www.1000ventures.com/business_guide/crosscuttings/vision_creating.html Kotter, J. P. (1996). Leading change. Boston, MA.: Harvard Bsuiness Review Press. Logan, B. C. (2007). A framework for mixed stakeholders and mixed methods. Ejbrm.com , http://www.ejbrm.com/vol6/v6-i1/CrumpAndLogan.pdf. Palmer, I., Dunford, ,. R., & Akin, ,. G. (2009). Managing organizational change (2n ed.). New York, NY.: McGraw-Hill Irwin. Preziosi, R. C. (1996). Organizational diagnosis questioinnaire (ODQ). Spector, B. (2010). Implementing organizational chang: Theory into practice (2nd ed.). Upper Saddle River: Pearson Prentice Hall. Vecchio, R. P. (2008). Leadership understanding the dynamics of power and Influence in Organizations,(2nd ed.). Notre Dame, Indiana: university of Notre Dame Press.

To What Extent Was Stalins Reign Successful

Throughout the reign of Stalin he was able to establish himself as a successful dictator through totalitarian rule. He became the undisputed leader of the USSR and the factors that enabled him to do so were Industrialisation, his social policies and his ability to defeat Hitler in World War Two. However, through Stalin’s political career he also encountered many failures. These were Collectivism, the purges and the terror he caused by the people living in Russia during his reign. Stalin’s reign was successful through Industrialisation.He modernised industry by introducing the 5-Year Plans, which consisted of two plans. The first plan from 1928 to 1933 and the second to 1932 to 1937 and they had the aims of improving the Russian industry. Many of the regions of the USSR were backward. Stalin believed that ‘to be backward was to be defeated and enslaved, but if you are powerful people must beware of you. ’ There were many successes of the 5-year plans. The US SR was turned into a modern state, which was able to resist Hitler’s invasion and as well as that there began to be a genuine communist enthusiasm displayed among the young ‘Pioneers’.There were huge drastic improvements in the industry; the output was projected to increase by an enormous 180% over 5 years and there were also huge achievements in coal, steel and hydroelectric power productions. The targets he had set were impossibly high however Stalin believed that he could force a nation to meet them. Overall throughout his reign he achieved fantastic successes, but at a big human cost, and while industrial output soared, the production of consumer goods remained static.Another way Stalin was successful during his reign was through his social policies. In 1936, Stalin published a new constitution. Soviet citizens were granted the right to a job, social security, equality, health care and education. They were also promised freedom of speech and right of a fair t rial. Before this, after the 1917 revolution, there had been a lot of social changes however, Stalin returned the USSR to traditional values that related to the communist rules and regimes.Despite this, there was an increase in the number of women entering the workforce and child -minding services were set up in every factory to accommodate the needs a woman. Women had more rights given to them and the educational systems dramatically improved leaving to key successes. Stalin ultimately wanted the people to believe that strong leadership was good for the USSR and through this time he was seen in a very ‘positive light’. Evidently, through the introduction of new social policies, Stalin was successful during his reign over Russia.By having the ability to defeat Hitler in World War Two, Stalin’s reign was successful. Hitler at the time was attempting to invade the Soviet Union, and Stalin kept retreating into the Soviet territory. After many battles within the Sovi et Territory, Hitler began to realise that the Soviets were beginning to win battles. The broken troops in 1941 were replaced with new soldiers that were willing to defend the ‘motherland’. While Hitler was pouring more of his reserves into the battle, Stalin just began to scratch the surface of his reserves leaving him with more troops.After the battle of Stalingrad over 91,000 of Hitler’s army had been captured and their supply line was cut. The Red Army pushed the Nazi forces back to Berlin in 1945 and in The Battle of Berlin; The Red Army took control over Berlin, which is Germany’s capital. Through his leadership skills and having the ability to ‘not lose his nerve’ and stay in Moscow when Germany was closing in he was able to defeat Hitler in World War Two, evidently making Stalin’s reign successful. However, Stalin had many failures throughout his reign, one of which was through collectivism.Stalin had a strong desire to modernis e agriculture, which led him to collectivise the farms of Russia, uniting them and putting them under full state control. Stalin thought he needed to collectivise farms because Soviet agriculture was backward, food was needed for workers in towns and this was essential if the five-year plans were to succeed. The NEP wasn’t working, by 1928; the USSR was short of 20 million grains that were needed to feed the people in towns. Another reason Stalin collectivised agriculture was because the Kulaks opposed communism, as they liked their ‘private wealth. The Kulaks hid food from the government collectors and became very influential on peasants, so therefore, Stalin wanted to destroy them. From this came disastrous implications which included the fall of stock, an example of this is in 1928, 73 Tons of Grain was produced however, in 1933 this figure fell to 69 Tons of Grain produced. This lead to a famine because there wasn’t enough food for the people of the USSR and in 1923, 33 million Russians died as a result of the famine.Another failure was that the Kulaks were eliminated, however, in Stalin’s eyes this was a major success. Overall through collectivism Stalin experienced a failure through his reign. Another failure during Stalin’s reign was through the Great Purges. At fist the actions of the purges were limited to ‘removing membership cards’. However, it became much more brutal as it escalated quickly as it expanded onto the majority of the population. One out of eighteen in the USSR was accused, put on trial and then either sent into exile of executed.Some of the most developed minds in the government were killed because they didn’t agree with the policies Stalin put forward. Purging of the officers in the army in the 1930s also weakened the Red Army, which caused the collapse and loss of Western Russia to Nazi forces in 1941. Through all of what the great purges caused another failure for Stalin’s reign. Through the terror that Stalin caused onto the people of Russia, people lived in fear of him, which became a failure of his career. Stalin believed that Russia had to be united, with him as a leader if it was to be strong.He also believed that Russia has 10 years to catch up with the western world before Germany invaded and because of this Stalin became extremely paranoid and ‘power-mad’. The results of Stalin’s enforced terror was Russia came to dominate the whole of the USSR, the Orthodox Church was attacked and twenty million people were arrested. Most people lived in fear of the secret police and the industry grew as the terror caused provided free slave labour. A Stalin cult was formed and the army and navy weakened due to the purges of leading officers.Through all of these things he caused terror to the people of Russia making this a failure in Stalin’s reign. Overall, Stalin’s greatest success included becoming the undisputed leader o f the USSR through Industrialisation, his social policies and his ability to defeat Hitler in World War Two, however this came a greater cost to the people of Russia by collectivisation, the Great Purges and the terror he enforced upon the people of Russia. So, therefore, Stalin was successful through his reign to some extent however he did have acts that hindered his success.

Harshad Mehta Scam

Harshad Mehta scam: Harshad Mehta  was an Indian stockbroker and is alleged to have engineered the rise in the BSE stock exchange in the year 1992. Exploiting several loopholes in the banking system, Harshad and his associates siphoned off funds from inter-bank transactions and bought shares heavily at a premium across many segments, triggering a rise in the Sensex. When the scheme was exposed, the banks started demanding the money back, causing the collapse. He was later charged with 72 criminal offenses and more than 600 civil action suits were filed against him.He died in 2002 with many litigations still pending against him. 3. 1 Ready Forward Deal (RF): †¢ The crucial mechanism through which the scam was effected was the Ready Forward deal. †¢ The Ready Forward Deal (RF) is in essence a secured short term (typically 15 day) loan from one bank to another bank. The lending is done against Government Securities exactly the way a pawnbroker lends against jewelry. †¢ In fact one can say that the borrowing bank actually sells the securities to the lending bank and buys them back at the end of the period of the loan at (typically) a slightly higher price. It was this RF deal that Harshad Mehta and his associates used with great success to channel money from banking system. 3. 2 The Mechanics of the Scam: As explained above, a ready forward deal is, in substance, a secured loan from one bank to another.To make the scam possible , the RF had to undergo a complete change. In other words it practically had to become an unsecured loan to broker. This was wonderfully engineered by the brokers. To give a better understanding of the mechanism, the whole process has been segregated into 3 different parts. . The settlement process 2. Payment cheques 3. Dispensing the security 1. The settlement Process: ? The normal settlement process in government securities is that the transacting banks make payments and deliver the securities directly to each other. ? Dur ing the scam, however, the banks or at least some banks adopted an alternative settlement process which was similar to the process used for settling transactions in the stock market. ? In this settlement process, deliveries of securities and payments are made through the broker.That is, the seller hands over the securities to the broker who passes them on to the buyer, while the buyer gives the cheque to the broker who then makes the payment to the seller. ? In this settlement process, the buyer and the seller may not even know whom they have traded with, both being known only to the broker. ? There were two important reasons why the broker intermediated settlement began to be used in the government securities markets. ? The brokers instead of merely bringing buyers and sellers together started taking positions in the market.In other words, they started trading on their own account, and in a sense became market makers in some securities thereby imparting greater liquidity to the mar kets. ? When a bank wanted to conceal the fact that it was doing an RF deal, the broker came in handy. The broker provided contract notes for this purpose with fictitious counter parties, but arranged for the actual settlement to take place with the correct counter party. 2. Payment Cheques: ? A broker intermediated settlement allowed the broker to lay his hands on the cheque as it went from one bank to another through him.The hurdle now was to find a way of crediting the cheque to his account though it was drawn in favor of a bank and was crossed account payee. ? As it happens, it is purely a matter of banking custom that an account payee cheque is paid only to the payee mentioned on the cheque. In fact, exceptions were being made to this norm, well before the scam came to light. ? Privileged (corporate) customers were routinely allowed to credit account payee cheques in favour of a bank into their own accounts to avoid clearing delays, thereby reducing the interest lost on the amo unt. Normally, if a customer obtains a cheque in his own favour and deposits it into his own account, it may take a day or two for the cheque to be cleared and for the funds to become available to the customer. At 15% interest, the interest loss on a clearing delay of two days for a Rs. 100 crores cheque is about Rs. 8 lakhs. ? On the other hand, when banks make payments to each other by writing cheques on their account with the RBI, these cheques are cleared on the same day. ? The practice which thus emerged was that a customer would obtain a cheque drawn on the RBI favoring not himself but his bank.The bank would get the money and credit his account the same day. ? This was the practice which the brokers in the money market exploited to their benefit. 3. Dispensing the security: ? The brokers thus found a way of getting hold of the cheques as they went from one bank to another and crediting the amounts to their accounts. This effectively transformed an RF into a loan to a broker r ather than to a bank. ? But this, by itself, would not have led to the scam because the RF after all is a secured loan, and a secured loan to a broker is still secured. What was necessary now was to find a way of eliminating the security itself! There are three routes adopted for this purpose: 1. Some banks (or rather their officials) were persuaded to part with cheques without actually receiving securities in return. A simple explanation of this is that the officials concerned were bribed and/or negligent. A more intriguing possibility is that the banks' senior/top management were aware of this and turned a Nelson's eye to it to benefit from higher returns the brokers could offer by diverting the funds to the stock market. One must recognize that as long as the scam lasted, the banks benefited from such an arrangement.The management of banks might have been sorely tempted to adopt this route to higher profitability. 2. The second route was to replace the actual securities by a wort hless piece of paper – a fake Bank Receipt (BR). This is discussed in greater detail in the next section. 3. The third method was simply to forge the securities themselves. In many cases, PSU bonds were represented only by allotment letters rather than certificates on security paper. And it is easier to forge an allotment letter for Rs. 100 crores worth of securities than it is to forge a 100 rupee note!Outright forgery of this kind however accounted for only a very small part of the total funds misappropriated 3. Bank Receipt: ? In an RF deal, as we have discussed it so far, the borrowing bank delivers the actual securities to the lender and takes them back on repayment of the loan. In practice, however, this is not usually done. Instead, the borrower gives a Bank Receipt (BR) which serves three functions: ? The BR confirms the sale of securities. ? It acts as a receipt for the money received by the selling bank. Hence the name – bank receipt. ? It promises to deliver the securities to the buyer.It also states that in the meantime the seller holds the securities in trust for the buyer. ? In short, a BR is something like an IOU (I owe you securities! ), and the use of the BR de facto converts an RF deal into an unsecured loan. The lending bank no longer has the securities; it has only the borrower's assurance that the borrower has the securities which can/will be delivered if/when the need arises. BRs issued without Backing of Securities: ? As stated earlier, a BR is supposed to imply that the issuer actually has the securities and holds them in trust for the buyer.But in reality the issuer may not have the securities at all. ? There are two reasons why a bank may issue a BR, which is not backed by actual securities: 1. A bank may short sell securities, that is, it sells securities it does not have. This would be done if the bank thinks that the prices of these securities would decrease. Since this would be an outright sale (not an RF! ), the ban k issues a BR. When the securities do fall in value, the bank buys them at lower prices and discharges the BR by delivering the securities sold. Short selling in some form is an integral part of most bond markets in the world.It can be argued that some amount of shortselling subject to some degree of regulation is a desirable feature of a bond market. In our opinion, an outright sale using a BR, which is not backed by securities, is not harmful per se though it violates the RBI guidelines. 2. The second reason is that the bank may simply want an unsecured loan. It may then do an RF deal issuing a â€Å"fake† BR which is a BR without any securities to back them. The lending bank would be under a mistaken impression that it is making a secured loan when it is actually advancing an unsecured loan.Obviously, lenders should have taken measures to protect themselves from such a possibility During the scam, the brokers perfected the art of using fake BRs to obtain unsecured loans fr om the banking system. They persuaded some small and little known banks – the Bank of Karad (BOK) and the Metropolitan Cooperative Bank (MCB) – to issue BRs as and when required. These BRs could then be used to do RF deals with other banks. The cheques in favour of BOK were, of course, credited into the brokers' accounts. In effect, several arge banks made huge unsecured loans to the BOK/MCB which in turn made the money available to the brokers. 4. Breakdown of the Control system in scam: ? The scam was made possible by a complete breakdown of the control system both within the commercial banks as well as the control system of the RBI itself. ? We shall examine these control systems to understand how these failed to function effectively and what lessons can be learnt to prevent failure of control systems in the future. ? The internal control system of the commercial banks involves the following features: 1. Separation of Functions:The different aspects of securities tr ansactions of a bank, namely dealing, custody and accounting are carried out by different persons. 2. Counterparty Limits: The moment an RF deal is done on the basis of a BR rather than actual securities, the lending bank has to contend with the possibility that the BR received may not be backed by any/adequate securities. In effect, therefore, it may be making an unsecured loan, and it must do the RF only if it is prepared to make an unsecured loan. This requires assessing the creditworthiness of the borrower and assigning him a â€Å"credit limit† up to which the bank is prepared to lend.Technically, this is known as a counterparty limit. 5. Other Aspects of the scam: ? There are several aspects of the scam which are closely related to the securities markets, but which are different from the operational aspect of the markets. ? These pertain to information that can cause significant changes in the prices of securities as well as the information supplied by the commercial ba nks on their financial performance. ? On each occasion the coupon rate was increased by 1/2%, thereby raising the coupon rate from 11. 5% to 13% during this ten month period.The major implication of raising interest rate on new borrowings is that it would trigger a fall in the market prices of the old loans which are pegged at the old (lower) interest rates. The price of the 11. 5% Government Loan 2010 dropped by 3% to 5% with each coupon rate hike. If anyone has advance information about these changes in the coupon rates, he could make enormous amounts of riskless profit by short selling the old securities just before the announcement of rate hike and buying back (covering his position) after the prices have fallen. ? Somebody who took a short position of Rs. 00 crores before the coupon hike of September 1991 could have made a profit of Rs. 15 crores, practically overnight! Since several persons in the Finance Ministry and the RBI are likely to be aware of the impending hike in the coupon rate, the chance of leakage of this all important information is always there. ? There have been several allegations in this regard. However, it will probably be very difficult to prove with any degree of certainty that there was insider trading based on information about coupon rate changes, because of the size of the market. With a daily trading volume of Rs. 3000 – 4000 crores, it would have been very easy for anyone to take a position (based on inside information) of Rs. 500 or even Rs. 1000 crores without anyone suspecting anything untoward. 6. Impact of the scam: ? The immediate impact of the scam was a sharp fall in the share prices. The index fell from 4500 to 2500 representing a loss of Rs. 100,000 crores in market capitalization. [pic] ? Since the accused were active brokers in the stock markets, the number of shares which had passed through their hands in the last one year was colossal.All these shares became â€Å"tainted† shares, and overnight they became worthless pieces of paper as they could not be delivered in the market. Genuine investors who had bought these shares well before the scam came to light and even got them registered in their names found themselves being robbed by the government. This resulted in a chaotic situation in the market since no one was certain as to which shares were tainted and which were not. ? The government's liberalization policies came under severe criticism after the scam, with Harshad Mehta and others being described as the products of these policies. Bowing to the political pressures and the bad press it received during the scam, the liberalization policies were put on hold for a while by the government. The Securities Exchange Board of India (SEBI) postponed sanctioning of private sector mutual funds. ? The much talked about entry of foreign pension funds and mutual funds became more remote than ever. The Euro-issues planned by several Indian companies were delayed since the ability of In dian companies to raise equity capital in world markets was severely compromised. Harshad Mehta Scam Harshad Mehta scam: Harshad Mehta  was an Indian stockbroker and is alleged to have engineered the rise in the BSE stock exchange in the year 1992. Exploiting several loopholes in the banking system, Harshad and his associates siphoned off funds from inter-bank transactions and bought shares heavily at a premium across many segments, triggering a rise in the Sensex. When the scheme was exposed, the banks started demanding the money back, causing the collapse. He was later charged with 72 criminal offenses and more than 600 civil action suits were filed against him.He died in 2002 with many litigations still pending against him. 3. 1 Ready Forward Deal (RF): †¢ The crucial mechanism through which the scam was effected was the Ready Forward deal. †¢ The Ready Forward Deal (RF) is in essence a secured short term (typically 15 day) loan from one bank to another bank. The lending is done against Government Securities exactly the way a pawnbroker lends against jewelry. †¢ In fact one can say that the borrowing bank actually sells the securities to the lending bank and buys them back at the end of the period of the loan at (typically) a slightly higher price. It was this RF deal that Harshad Mehta and his associates used with great success to channel money from banking system. 3. 2 The Mechanics of the Scam: As explained above, a ready forward deal is, in substance, a secured loan from one bank to another.To make the scam possible , the RF had to undergo a complete change. In other words it practically had to become an unsecured loan to broker. This was wonderfully engineered by the brokers. To give a better understanding of the mechanism, the whole process has been segregated into 3 different parts. . The settlement process 2. Payment cheques 3. Dispensing the security 1. The settlement Process: ? The normal settlement process in government securities is that the transacting banks make payments and deliver the securities directly to each other. ? Dur ing the scam, however, the banks or at least some banks adopted an alternative settlement process which was similar to the process used for settling transactions in the stock market. ? In this settlement process, deliveries of securities and payments are made through the broker.That is, the seller hands over the securities to the broker who passes them on to the buyer, while the buyer gives the cheque to the broker who then makes the payment to the seller. ? In this settlement process, the buyer and the seller may not even know whom they have traded with, both being known only to the broker. ? There were two important reasons why the broker intermediated settlement began to be used in the government securities markets. ? The brokers instead of merely bringing buyers and sellers together started taking positions in the market.In other words, they started trading on their own account, and in a sense became market makers in some securities thereby imparting greater liquidity to the mar kets. ? When a bank wanted to conceal the fact that it was doing an RF deal, the broker came in handy. The broker provided contract notes for this purpose with fictitious counter parties, but arranged for the actual settlement to take place with the correct counter party. 2. Payment Cheques: ? A broker intermediated settlement allowed the broker to lay his hands on the cheque as it went from one bank to another through him.The hurdle now was to find a way of crediting the cheque to his account though it was drawn in favor of a bank and was crossed account payee. ? As it happens, it is purely a matter of banking custom that an account payee cheque is paid only to the payee mentioned on the cheque. In fact, exceptions were being made to this norm, well before the scam came to light. ? Privileged (corporate) customers were routinely allowed to credit account payee cheques in favour of a bank into their own accounts to avoid clearing delays, thereby reducing the interest lost on the amo unt. Normally, if a customer obtains a cheque in his own favour and deposits it into his own account, it may take a day or two for the cheque to be cleared and for the funds to become available to the customer. At 15% interest, the interest loss on a clearing delay of two days for a Rs. 100 crores cheque is about Rs. 8 lakhs. ? On the other hand, when banks make payments to each other by writing cheques on their account with the RBI, these cheques are cleared on the same day. ? The practice which thus emerged was that a customer would obtain a cheque drawn on the RBI favoring not himself but his bank.The bank would get the money and credit his account the same day. ? This was the practice which the brokers in the money market exploited to their benefit. 3. Dispensing the security: ? The brokers thus found a way of getting hold of the cheques as they went from one bank to another and crediting the amounts to their accounts. This effectively transformed an RF into a loan to a broker r ather than to a bank. ? But this, by itself, would not have led to the scam because the RF after all is a secured loan, and a secured loan to a broker is still secured. What was necessary now was to find a way of eliminating the security itself! There are three routes adopted for this purpose: 1. Some banks (or rather their officials) were persuaded to part with cheques without actually receiving securities in return. A simple explanation of this is that the officials concerned were bribed and/or negligent. A more intriguing possibility is that the banks' senior/top management were aware of this and turned a Nelson's eye to it to benefit from higher returns the brokers could offer by diverting the funds to the stock market. One must recognize that as long as the scam lasted, the banks benefited from such an arrangement.The management of banks might have been sorely tempted to adopt this route to higher profitability. 2. The second route was to replace the actual securities by a wort hless piece of paper – a fake Bank Receipt (BR). This is discussed in greater detail in the next section. 3. The third method was simply to forge the securities themselves. In many cases, PSU bonds were represented only by allotment letters rather than certificates on security paper. And it is easier to forge an allotment letter for Rs. 100 crores worth of securities than it is to forge a 100 rupee note!Outright forgery of this kind however accounted for only a very small part of the total funds misappropriated 3. Bank Receipt: ? In an RF deal, as we have discussed it so far, the borrowing bank delivers the actual securities to the lender and takes them back on repayment of the loan. In practice, however, this is not usually done. Instead, the borrower gives a Bank Receipt (BR) which serves three functions: ? The BR confirms the sale of securities. ? It acts as a receipt for the money received by the selling bank. Hence the name – bank receipt. ? It promises to deliver the securities to the buyer.It also states that in the meantime the seller holds the securities in trust for the buyer. ? In short, a BR is something like an IOU (I owe you securities! ), and the use of the BR de facto converts an RF deal into an unsecured loan. The lending bank no longer has the securities; it has only the borrower's assurance that the borrower has the securities which can/will be delivered if/when the need arises. BRs issued without Backing of Securities: ? As stated earlier, a BR is supposed to imply that the issuer actually has the securities and holds them in trust for the buyer.But in reality the issuer may not have the securities at all. ? There are two reasons why a bank may issue a BR, which is not backed by actual securities: 1. A bank may short sell securities, that is, it sells securities it does not have. This would be done if the bank thinks that the prices of these securities would decrease. Since this would be an outright sale (not an RF! ), the ban k issues a BR. When the securities do fall in value, the bank buys them at lower prices and discharges the BR by delivering the securities sold. Short selling in some form is an integral part of most bond markets in the world.It can be argued that some amount of shortselling subject to some degree of regulation is a desirable feature of a bond market. In our opinion, an outright sale using a BR, which is not backed by securities, is not harmful per se though it violates the RBI guidelines. 2. The second reason is that the bank may simply want an unsecured loan. It may then do an RF deal issuing a â€Å"fake† BR which is a BR without any securities to back them. The lending bank would be under a mistaken impression that it is making a secured loan when it is actually advancing an unsecured loan.Obviously, lenders should have taken measures to protect themselves from such a possibility During the scam, the brokers perfected the art of using fake BRs to obtain unsecured loans fr om the banking system. They persuaded some small and little known banks – the Bank of Karad (BOK) and the Metropolitan Cooperative Bank (MCB) – to issue BRs as and when required. These BRs could then be used to do RF deals with other banks. The cheques in favour of BOK were, of course, credited into the brokers' accounts. In effect, several arge banks made huge unsecured loans to the BOK/MCB which in turn made the money available to the brokers. 4. Breakdown of the Control system in scam: ? The scam was made possible by a complete breakdown of the control system both within the commercial banks as well as the control system of the RBI itself. ? We shall examine these control systems to understand how these failed to function effectively and what lessons can be learnt to prevent failure of control systems in the future. ? The internal control system of the commercial banks involves the following features: 1. Separation of Functions:The different aspects of securities tr ansactions of a bank, namely dealing, custody and accounting are carried out by different persons. 2. Counterparty Limits: The moment an RF deal is done on the basis of a BR rather than actual securities, the lending bank has to contend with the possibility that the BR received may not be backed by any/adequate securities. In effect, therefore, it may be making an unsecured loan, and it must do the RF only if it is prepared to make an unsecured loan. This requires assessing the creditworthiness of the borrower and assigning him a â€Å"credit limit† up to which the bank is prepared to lend.Technically, this is known as a counterparty limit. 5. Other Aspects of the scam: ? There are several aspects of the scam which are closely related to the securities markets, but which are different from the operational aspect of the markets. ? These pertain to information that can cause significant changes in the prices of securities as well as the information supplied by the commercial ba nks on their financial performance. ? On each occasion the coupon rate was increased by 1/2%, thereby raising the coupon rate from 11. 5% to 13% during this ten month period.The major implication of raising interest rate on new borrowings is that it would trigger a fall in the market prices of the old loans which are pegged at the old (lower) interest rates. The price of the 11. 5% Government Loan 2010 dropped by 3% to 5% with each coupon rate hike. If anyone has advance information about these changes in the coupon rates, he could make enormous amounts of riskless profit by short selling the old securities just before the announcement of rate hike and buying back (covering his position) after the prices have fallen. ? Somebody who took a short position of Rs. 00 crores before the coupon hike of September 1991 could have made a profit of Rs. 15 crores, practically overnight! Since several persons in the Finance Ministry and the RBI are likely to be aware of the impending hike in the coupon rate, the chance of leakage of this all important information is always there. ? There have been several allegations in this regard. However, it will probably be very difficult to prove with any degree of certainty that there was insider trading based on information about coupon rate changes, because of the size of the market. With a daily trading volume of Rs. 3000 – 4000 crores, it would have been very easy for anyone to take a position (based on inside information) of Rs. 500 or even Rs. 1000 crores without anyone suspecting anything untoward. 6. Impact of the scam: ? The immediate impact of the scam was a sharp fall in the share prices. The index fell from 4500 to 2500 representing a loss of Rs. 100,000 crores in market capitalization. [pic] ? Since the accused were active brokers in the stock markets, the number of shares which had passed through their hands in the last one year was colossal.All these shares became â€Å"tainted† shares, and overnight they became worthless pieces of paper as they could not be delivered in the market. Genuine investors who had bought these shares well before the scam came to light and even got them registered in their names found themselves being robbed by the government. This resulted in a chaotic situation in the market since no one was certain as to which shares were tainted and which were not. ? The government's liberalization policies came under severe criticism after the scam, with Harshad Mehta and others being described as the products of these policies. Bowing to the political pressures and the bad press it received during the scam, the liberalization policies were put on hold for a while by the government. The Securities Exchange Board of India (SEBI) postponed sanctioning of private sector mutual funds. ? The much talked about entry of foreign pension funds and mutual funds became more remote than ever. The Euro-issues planned by several Indian companies were delayed since the ability of In dian companies to raise equity capital in world markets was severely compromised.

Critique of Pure Reason Essay

Immanuel Kant, (born April 22, 1724, Konigsberg, Prussia [now Kaliningrad, Russia]—died February 12, 1804, Konigsberg), German philosopher whose comprehensive and systematic work in epistemology (the theory of knowledge), ethics, and aesthetics greatly influenced all subsequent philosophy, especially the various schools of Kantianism and idealism. Kant was one of the foremost thinkers of the Enlightenment and arguably one of the greatest philosophers of all time. In him were subsumed new trends that had begun with the rationalism (stressing reason) of Rene Descartes and the empiricism (stressing experience) of Francis Bacon. He thus inaugurated a new era in the development of philosophical thought. BACKGROUND AND EARLY YEARS Kant lived in the remote province where he was born for his entire life. His father, a saddler, was, according to Kant, a descendant of a Scottish immigrant, although scholars have found no basis for this claim; his mother, an uneducated German woman, was remarkable for her character and natural intelligence. Both parents were devoted followers of the Pietist branch of the Lutheran church, which taught that religion belongs to the inner life expressed in simplicity and obedience to moral law. The influence of their pastor made it possible for Kant—the fourth of nine children but the eldest surviving child—to obtain an education. At the age of eight Kant entered the Pietist school that his pastor directed. This was a Latin school, and it was presumably during the eight and a half years he was there that Kant acquired his lifelong love for the Latin classics, especially for the naturalistic poet Lucretius. In 1740 he enrolled in the University of Konigsberg as a theological student. But, although he attended courses in theology and even preached on a few occasions, he was principally attracted to mathematics and physics. Aided by a young professor who had studied Christian Wolff, a systematizer of rationalist philosophy, and who was also an enthusiast for the science of Sir Isaac Newton, Kant began reading the work of the English physicist and, in 1744, started his first book, Gedanken von der wahren Schatzung der lebendigen Krafte (1746; Thoughts on the True Estimation of Living Forces), dealing with a problem concerning kinetic forces. Though by that time he had decided to pursue an academic career, the death of his father in 1746 and his failure to obtain the post of undertutor in one of the schools attached to the university compelled him to withdraw and seek a means of supporting himself. Tutor and Privatdozent He found employment as a family tutor and, during the nine years that he gave to it, worked for three different families. With them he was introduced to the influential society of the city, acquired social grace, and made his farthest travels from his native city—some 60 miles (96 km) away to the town of Arnsdorf. In 1755, aided by the kindness of a friend, he was able to complete his degree at the university and take up the position of Privatdozent, or lecturer. Period of the three Critiques In 1781 the Kritik der reinen Vernunft (spelled Critik in the first edition; Critique of Pure Reason) was published, followed for the next nine years by great and original works that in a short time brought a revolution in philosophical thought and established the new direction in which it was to go in the years to come. The Critique of Pure Reason The Critique of Pure Reason was the result of some 10 years of thinking and meditation. Yet, even so, Kant published the first edition only reluctantly after many postponements; although convinced of the truth of its doctrine, he was uncertain and doubtful about its exposition. His misgivings proved well founded, and Kant complained that interpreters and critics of the work were badly misunderstanding it. To correct these wrong interpretations of his thought, he wrote the Prolegomena zu einer jeden kunftigen Metaphysik die als Wissenschaft wird auftreten konnen (1783; Prolegomena to Any Future Metaphysics That Will be Able to Come Forward as Science) and brought out a second and revised edition of the first Critique in 1787. Controversy still continues regarding the merits of the two editions: readers with a preference for an idealistic interpretation usually prefer the first edition, whereas those with a realistic view adhere to the second. But with regard to difficulty and ease of reading and understanding, it is generally agreed that there is little to choose between them. Anyone on first opening either book finds it overwhelmingly difficult and impenetrably obscure. The Critique of Practical Reason Because of his insistence on the need for an empirical component in knowledge and his antipathy to speculative metaphysics, Kant is sometimes presented as a positivist before his time, and his attack upon metaphysics was held by many in his own day to bring both religion and morality down with it. Such, however, was certainly far from Kant’s intention. Not only did he propose to put metaphysics â€Å"on the sure path of science,† he was prepared also to say that he â€Å"inevitably† believed in the existence of God and in a future life. It is also true that his original conception of his critical philosophy anticipated the preparation of a critique of moral philosophy. The Kritik der praktischen Vernunft (1788, spelled Critik and practischen; Critique of Practical Reason), the result of this intention, is the standard sourcebook for his ethical doctrines. The earlier Grundlegung zur Metaphysik der Sitten (1785; Groundwork of the Metaphysics of Morals) is a shorter and, despite its title, more readily comprehensible treatment of the same general topic. Both differ from Die Metaphysik der Sitten (1797; The Metaphysics of Morals) in that they deal with pure ethics and try to elucidate basic principles; the later work, in contrast, is concerned with applying these principles in the concrete, a process that involved the consideration of virtues and vices and the foundations of law and politics. The Critique of Judgment The Kritik der Urteilskraft (1790, spelled Critik; Critique of Judgment)—one of the most original and instructive of all of Kant’s writings—was not foreseen in his original conception of the critical philosophy. Thus it is perhaps best regarded as a series of appendixes to the other two Critiques. The work falls into two main parts, called respectively Critique of Aesthetic Judgment and Critique of Teleological Judgment. In the first of these, after an introduction in which he discussed â€Å"logical purposiveness,† he analyzed the notion of â€Å"aesthetic purposiveness† in judgments that ascribe beauty to something. Such a judgment, according to him, unlike a mere expression of taste, lays claim to general validity, yet it cannot be said to be cognitive because it rests on feeling, not on argument. The explanation lies in the fact that, when a person contemplates an object and finds it beautiful, there is a certain harmony between his imagination and his understanding, of which he is aware from the immediate delight that he takes in the object. Imagination grasps the object and yet is not restricted to any definite concept, whereas a person imputes the delight that he feels to others because it springs from the free play of his cognitive faculties, which are the same in all humans. LAST YEARS The critical philosophy was soon being taught in every important German-speaking university, and young men flocked to Konigsberg as a shrine of philosophy. In some cases the Prussian government even undertook the expense of their support. Kant came to be consulted as an oracle on all kinds of questions, including such subjects as the lawfulness of vaccination. Such homage did not interrupt Kant’s regular habits. Scarcely five feet tall, with a deformed chest, and suffering from weak health, he maintained throughout his life a severe regimen. It was arranged with such regularity that people set their clocks according to his daily walk along the street named for him, â€Å"The Philosopher’s Walk. † Until old age prevented him, he is said to have missed this regular appearance only on the occasion when Rousseau’s Emile so engrossed him that for several days he stayed at home. From 1790 Kant’s health began to decline seriously. He still had many literary projects but found it impossible to write more than a few hours a day. The writings that he then completed consist partly of an elaboration of subjects not previously treated in any detail, partly of replies to criticisms and to the clarification of misunderstandings. With the publication in 1793 of his work Die Religion innerhalb der Grenzen der blossen Vernunft (Religion Within the Limits of Reason Alone), Kant became involved in a dispute with Prussian authorities on the right to express religious opinions. The book was found to be altogether too rationalistic for orthodox taste. He was charged with misusing his philosophy to the â€Å"distortion and depreciation of many leading and fundamental doctrines of sacred Scripture and Christianity† and was required by the government not to lecture or write anything further on religious subjects. Kant agreed but privately interpreted the ban as a personal promise to the king, Frederick William II, from which he felt himself to be released on the latter’s death in 1797. At any rate, he returned to the forbidden subject in his last major essay, â€Å"Der Streit der Fakultaten† (1798; â€Å"The Conflict of the Faculties†). In 1797 Kant published Die Metaphysik der Sitten (The Metaphysics of Morals), comprising Metaphysische Anfangsgrunde der Rechtslehre (The Philosophy of Law) and Metaphysische Anfangsgrunde der Tugendlehre (The Doctrine of Virtue). The former was the major statement of his political philosophy, which he also discussed in Zum ewigen Frieden (1795; Project for a Perpetual Peace) and in the essay â€Å"Uber den Gemeinspruch: Das mag in der Theorie richtig sein, taugt aber nicht fur die Praxis† (1793; â€Å"On the Old Saw: That May Be Right In Theory, But It Won’t Work in Practice†). The large work at which he laboured until his death—the fragments of which fill the two final volumes of the great Berlin edition of his works—was evidently intended to be a major contribution to his critical philosophy. What remains, however, is not so much an unfinished work as a series of notes for a work that was never written. Known as the Opus postumum, its original title was Ubergang von den metaphysische Anfangsgrunde der Naturwissenschaft zur Physik (â€Å"Transition from the Metaphysical Foundations of Natural Science to Physics†). It may have been Kant’s intention in this work to carry further the argument advanced in the Metaphysische Anfangsgrunde der Naturwissenschaft (1786; Metaphysical Foundations of Natural Science) by showing that it is possible to construct a priori not merely the general outline of a science of nature but a good many of its details as well. But judging from the extant fragments, however numerous they are, it remains conjectural whether its completion would have constituted a major addition to his philosophy and its reputation. After a gradual decline that was painful to his friends as well as to himself, Kant died in Konigsberg on February 12, 1804. His last words were â€Å"Es ist gut† (â€Å"It is good†). His tomb in the cathedral was inscribed with the words (in German) â€Å"The starry heavens above me and the moral law within me,† the two things that he declared in the conclusion of the second Critique â€Å"fill the mind with ever new and increasing admiration and awe, the oftener and the more steadily we reflect on. † IMMANUEL KANT Prepared by: Cherry B. Ordonez Alliona Gem S. Tolentino N- 201.

Music industry Essay

Elaine McArdle said, â€Å"The music industry is struggling with a full blown crisis†. What could possibly be pushing the music industry into a crisis one might ask, illegally downloading free music. In the essay, Up on Downloading, three Harvard Law School professors are trying to come up with different solutions to this problem that is occurring. Now that our technology has become so advanced, many people are figuring out ways to cheat the system, and when people are not paying for the music they have downloaded, the artist is not getting paid. Artists are not the only one losing money but everyone involved producing the music is losing money as well. There is also less and less people going out and buying CD’s. I could probably not even remember the last time I purchased a CD. So how are the artists and producers suppose to make money when we are stealing from them? Zittrain, Nesson, and Fisher believe they could possibly have the solution to save the music industry. Fisher’s model â€Å"would replace the copyright system with a government-administered compensation plan, funded by a tax on hardware and other systems used to play digital music† (McArdle, pg1). Everyone would be able to download music for free, but everyone would have an additional tax on their internet service, blank CD’s, and any other digital device. The artists would be paid by the government based on the number of downloads their music receives. I totally disagree with this model. We already pay countless number of taxes, and many people do not even download music. Why should they be taxed on something else that does not affect them? I also feel our government has enough on their hands as it. We have had many government scandals recently and if I were an artist I would not want to be paid through the government.

Electronic communication Essay Example | Topics and Well Written Essays - 1500 words

Electronic communication - Essay Example This paper outlines categorically some examples that will help highlight the latter issue for ease of understanding. Basically, there are three types of electronic communications. These include: This is basically the simplest type of electronic communication and whereby transfer of messages is towards one direction at a time. In other words, the communication is one-way. Examples of such communication are: personal receiver (beeper), TV broadcasting and radio. A policy is typically described as a principle or rule to guide decisions and achieve rational outcomes. A policy can be considered as a "Statement of Intent" or a "Commitment." For that reason at least, the decision-makers can be held accountable for their "Policy", (Paquette 200). Policies are therefore normally meant to ensure conformance with set objectives and in the case of electronic communication, one of the major issue of concern is privacy and security of communication. Electronic communication, unlike other forms of communication, poses great challenges to both the communicators and the communication service providers on how to ensure security of the messages. Another issue concerning use of electronic communication is its ability to bear legal value in that there have been issues on whether or not agreement reached using electronic communication can have evidential value (Madeline 198). There are, therefore, several policies governing use of electronic communication. One of the international policies on electronic communication is the New World Information Communication Order (NWICO). This is a UNESCO agency formed in the mid 1970s with the aim of bringing balance in world information flow (communication). NWICO was out to facilitate economic growth in the developing or third world countries by improving the communication system. According to it, free information flow encouraged economic development but was lacking in

Colonial Labor worksheet Assignment Example | Topics and Well Written Essays - 750 words

Colonial Labor worksheet - Assignment Example The Spaniards and the Portuguese paid more for slaves and thus, encouraged the rulers and the traders in Africa to acquire more people. At first criminal and those considered sick were sold, but due to the profitability of the trade, people turned to each other to acquire people for sale. The used violence means to hunt and capture people. It let to war between people. (a) Tobacco planting required a huge labor force. At first, the Virginians experimented with a number of labor sources. They started with the Indians but they resisted them. They then resorted to the poor English adults as paupers and vagabonds were many in England. (b) Due to the high availability of contracted labor, slavery of the black people took time before people fully accepted it in Virginia. However, in mid-1660s, the supply of contracted servants failed sharply leading to the acceptance of the use of black people. (c) The short supply of indentured labor led to labor shortage, which consequently led to the introduction and mass use of black slaves. The wealthy whites acquired many blacks through slavery leading to the growth of the population of the black people in America. †¢ The experiences of the contracted English adults differ. In his letter, Richard Frethorne, claims that he was going difficulties yet secondary sources do not mention of difficulties passed by those who signed contracts with the wealthy