Dow Chemical’s Bid for PBB in Argentina Essay

1. (5 pts) Using the values from exhibits 9, 10 and 11, a terminal growth rate of 0%, and a discount rate of 20%, what is the value of each of the three investment stages? 2. (30 pts) Describe the two most relevant factors (only those related to the fact that the acquisition is in Argentina and not in the U.S.) that in your opinion add uncertainty to those cash flows. Please list each factor with a short explanation of why it is relevant, whether it is a diversifiable risk (assume Dow’s investors are global) and the likelihood that it will affect PBB. 3. (20 pts) For question 3 please state which statement you agree with and why. The numbers shown are there to provide an idea of sensitivity, they are not precise and there is no precise answer to these questions. That is, in the absence of much, much more information, there is no clear â€Å"right† answer (though there are many â€Å"wrong† ones). Your reasoning is what matters most. Suppose that â€Å"today† is 1997 (there’s nothing particularly special about 1997, I could have chosen any other year near 1995, the beginning of the valuation). a. The sensitivity of 1998 revenues, measured in US$, to 1997 changes in the Argentinian peso against the dollar is such that: a.i. a 40% devaluation of the Argentinian peso would translate into a 40% fall in revenue, measured in US$, a.ii. a 40% devaluation of the Argentinian peso would translate into a 20% fall in revenue, measured in US$ a.iii. a 40% devaluation of the Argentinian peso would translate into no fall in revenue, measured in US$, a.iv. a 40% devaluation of the Argentinian peso would translate into a 20% increase in revenue, measured in US$, a.v. a 40% devaluation of the Argentinian peso would translate into a 40% increase in revenue, measured in US$. b. The sensitivity of 2010 revenues, measured in US$, to 1997 changes in the Argentinian peso against the dollar is such that: b.i. a 40% devaluation of the Argentinian peso would translate into a 40% fall in revenue, measured in US$, b.ii. a 40% devaluation of the Argentinian peso would translate into a 20% fall in revenue, measured in US$, b.iii. a 40% devaluation of the Argentinian peso would translate into no fall in revenue, measured in US$, b.iv. a 40% devaluation of the Argentinian peso would translate into a 20% increase in revenue, measured in US$, b.v. a 40% devaluation of the Argentinian peso would translate into a 40% increase in revenue, measured in US$. c. The sensitivity of 1998 costs, measured in US$, to 1997 changes in the Argentinian peso against the dollar is such that: c.i. a 40% devaluation of the Argentinian peso would translate into a 40% fall in costs, measured in US$, c.ii. a 40% devaluation of the Argentinian peso would translate into a 20% fall in costs, measured in US$, c.iii. a 40% devaluation of the Argentinian peso would translate into no fall in costs, measured in US$, c.iv. a 40% devaluation of the Argentinian peso would translate into a 20% increase in costs, measured in US$, c.v. a 40% devaluation of the Argentinian peso would translate into a 40% increase in costs, measured in US$. d. The sensitivity of 2010 costs, measured in US$, to 1997 changes in the Argentinian peso against the dollar is such that: d.i. a 40% devaluation of the Argentinian peso would translate into a 40% fall in costs, measured in US$, d.ii. a 40% devaluation of the Argentinian peso would translate into a 20% fall in costs, measured in US$, d.iii. a 40% devaluation of the Argentinian peso would translate into no fall in costs, measured in US$, d.iv. a 40% devaluation of the Argentinian peso would translate into a 20% increase in costs, measured in US$, d.v. a 40% devaluation of the Argentinian peso would translate into a 40% increase in costs, measured in US$. 4. (10 pts) Based on your answers to question 3, a. What would Dow’s short-run net exposure to the Argentinian peso be? b. What would Dow’s long-run net exposure to the Argentinian peso be? c. If Dow wanted to hedge its short-run net exposure to the Argentinian peso, what would it have to do? Please provide three different alternatives it could use to hedge that risk and explain which one is likely to be the cheapest. d. If Dow wanted to hedge its long-run net exposure to the Argentinian peso, what would it have to do? Please provide three different alternatives it could use to hedge that risk and explain which one is likely to be the cheapest. 5. (30 pts) In light of what you’ve answered in questions 2 through 4 and other material from class, please state whether the discount rate that Dow should use for this valuation is larger, smaller, or the same as in the U.S. 6. (5 pts) Based on your previous answers, should Oscar Vignart bid for PBB, and if so, how much? (Maximum 100 words.) 1. (Exhibit 1) The first stage has a value for the 51% of PBB of 160.833 million of dollars. The second stage has a value (100%) of 182.62 million of dollars. The third stage has a value of 92.66 million of dollars. The first problem that involves a risk factor for investors to Dow is political risk. The economic and monetary policy implemented by the Argentine government at this time, in recent years has allowed the country to recover from a decade of crisis and seems to work pretty well. However, the risk that these maneuvers are counterproductive in the long run is alive. In that case Dow suffer some problems. In fact, most of the production in the three stadiums and sold locally (PBB 100%, 89% Polisur, 31% of capacity due to the widening of stage 3) and, if there were problems due to the political instability, most of its current and potential customers (formed by small and medium-sized businesses that use POLYETHILENE to produce good consumer) could struggle and eventually fail. That would be a serious reduction in the margins of the Dow and in its cash flows. The second problem is related to foreign exchange risk. Regarding this risk factor should make some clarifications. For the moment the government is pursuing a policy of currency pegging, for which the exchange rate and artificially set at 1. However, this condition may no longer be sustainable. In this case if it were abandoned is easy to imagine the effect it would have on markets, putting in serious condition, the Argentine economy because of lack of confidence in its solvency and this would lead to a sharp appreciation of the dollar on the weight. This situation is not particularly influential on the budgets of 3 stages where Dow is going to invest because both revenues and the variable cost (about 90% of total costs) are in dollars and only a small amount of variable and fixed cost are in Peso, and anyway with devaluation of Argentinian currency would lead to an advantage per Dow (needed fewer dollars to pay in Peso, and those costs are slower to adapt to new exchange rates). On the contrary the negative effect of the abandonment of the peg you would in Argentine petrochemical market. In fact, polyethilene prices are in U.S. dollars and with the devaluation of the peso (the currency in which the players downstream of Dow are cashing) Dow’s Argentinian customers could find themselves in difficulty to support prices in dollars, which are international based. That would lead to a radical decline in the profitability of Dow. Finally, it is important to emphasize that, also selling outside the country, Dow would see margins decline due to higher costs of transportation and duties. 3. a. ii. PBB Is cashing in dollars so a fall of 40% of Peso would not have a direct impact of translating the cash flow of PBB into dollors. However PBB operates in Argentina, and its revenues are tied to the ability of its customers to buy in dollars. With such a devaluation of the Argentine pbb customers may find it difficult to pay but it is said that everyone is unable to do so because they could be covered in the market for coins. pbb also may move and take advantage of the amount of unmet demand in Latin America. However, this in a year is not feasible to perfection then a reduction in revenues of 20% is predictable. b. iii. The reasoning is similar to that outlined above. However, in this case one can imagine that pbb reacted to the change occurred 3 years before or however that the situation has changed. If the economy has recovered, it’ll be exporting outside of Argentina for the amount of capacity can not be sold in argentina, decreasing their margins because of the cost of export revenues, but keeping to the level in the case of PEG. c. ii. Talking about the good things are different costs. Even tough much of the costs are in U.S. dollars for pbb there is a part of them that is paid in pesos. It is part of the variable costs and fixed costs. However a devaluation of the peso would be a gain for PBB, which, cashing in dollars, will convert fewer dollars to pay in pesos. As mentioned, however, this effect would be taken with a not too substantial part of the costs of pbb, and also it can be assumed that during the year some of these costs are aligned in part to the conversion values ​​before the write-down for an inflationary process. d. iii. The reasoning is similar to that described above, however, it is assumed that in the course of 3 years, the monetary costs of PBB align to those pre devaluation, thus not allowing to benefit from the effect devaluing. a. the net peso short run exposure is about the fixed cost, other variable cost and taxes, for an amount of (EXHIBIT 1) of 116.7 million of dollars. b. the net long run peso exposure is 374.22 million of dollars. c. to hedge a currency risk the alternatives are: forwards (or future) contract options currency swap. The best alternatives in the short run are the forward, they are cheap (no entry expense) and very versatile. To hedge the amount the just have to enter in a contract of the opposite direction of what they need. In this case they have to buy the total cost in pesos ad the current exchange rate in dollars. Using options it would much costly because of the option premium which has to be paid once you entered in such a contract. Anyway, because you will only exercise your right if it the exchange rate is favorable, they leave gain opportunities in exchange rates. The currency swap doesn’t fit well the short run exposure because of the length of such a contract and and the cost to be inside that kind of contract if there is not an existent debt. d. In the long term forward could be costly for the premium that the controparty may put in the exchange rates (they are commonly banks in over the counter markets), and because for long term the market could be illiquid. In this particular case the long term are just 3 years so using forward could still be a good choise. Options in the long term are not good because it is difficult to find in markets contract with such long expiring date (and exact date in order not to incur in basis risk) and because you have to buy several contract. Swap could be an idea, but as forward don’t allow gains on favorable exchange rate; a currency swaption (option on a currency swap) could be an idea, but looks costly at time of entering in the contract. The discount rate that Dow should use, should be higher than that used for evaluating such an investment in the United States. This is due to the fact that the rate of between 8-10% used in US incorporates a risk premium relative to the U.S. market, which is different from that required for a similar investment in the Argentine market. In fact, looking at the performance of American and Argentine sovereign bonds, we see that the latter are higher than the U.S.. this difference is no more than the country risk premium that an investor requires to invest in Argentina compared to investing in the U.S.. this spread can be introduced into the calculation of the value of the correct discount rate using the following formula: Keu is identified with the unlevered cost of capital, or the return required to invest in certain asset class. With rf the risk-free return to us, ï  ¢u with the unlevered beta for the sector (plastic and specialized chemicals) with rm the market return and cpr country risk premium. Now, in the specific case under investigation in research on international databese you identify that the unlevered beta of the sector is close to the unit. You can also add that in the long term all beta approaching market beta (as a consequence of the Efficient Market Theory that states that as all information becomes known, the market will settle to its proper level as everyone will be able to make correct choices), and therefore since our beta in databese is equal to one, the hypothesis of adjusted beta only reinforce this assumption. So in this particular case it can be assumed that the country risk premium can be simply added to the discount factor used for an American investment. The problem is now correctly assessing the market risk premium. You can see from the exhibits proposed (Exhibit 2) that in recent years, with the PEG CPR has fluctuated around an average of about 700 basis points. Despite the markets already incorporate the possible abandonment of the peg and its causes is not difficult to think that if that happened the â€Å"cpr† suffer a considerable leap and this estimate might be not prudent, but we must remember that the market is not only Argentina in the presented 3 stages, and potentially due to the increased demand in Latin America (exhibits 3), Dow could be exported elsewhere. A CPR of around 5-7% is so reasonable, for a total discount rate between 13-17%. By using the rate of growth proposed in the case of 3.3% per annum and a discount rate of 16%, the NPV of 51% of PBB is of U.S. $ 207,476 million. This amount is not however the correct the price of the bid. Just the cash flows are not enough to assess the correct price to offer the Argentine government. As first analysis the two competitors do not seem serious bidder in the auction because they do not meet the request of combined 5 billion net worth. There are still 10 days at the closing of the auction and if they succeed caming forward with a capital increase bringing their combined wealth over 5 billion, then Dow should also consider the fact that it can benefit not only the cash flows of PBB but also those of the 3 stage of the project, which provide in part an increase in production capacity of PBB and especially of its efficiency. A price around $ 300 million should keep out other potential bidder, which they cannot reach the advantage of being the mainly argenitian producer . However, this scenario is not credible given the close smebra operating times were competitors to meet the demands of the government, then the minimum bet request for $ 150 million should be sufficient and would allow Dow generate a significant positive NPV. 150 ultimately is ultimately the value to offer.

War and Peace

1310 10/17/12 War War is inevitable when disasters exist, but can sometimes be avoidable when conflicting over cultural matters. Primarily, it is in man’s best interest to provide for himself and his family. Those are his two biggest priorities. When any kind of disaster occurs, he must first look after himself and his family before ensuring the safety of others. A civilization works in the same way. Its goal is to carry out the way of life of the people and ensure that it survives. It will fail to reach that goal if the people in the civilization aren’t willing to fight for themselves and what they believe in.If some kind of natural calamity strikes or an outside power that is willing to kill moves in and violently forces its own laws, traditions, and customs, the people must take appropriate actions or face the downfall of their own kind. They must fight to preserve their customs and traditions, or move to another place to live. Now if the intruding invader has any co ncern for the people, but still desires to enforce their laws upon them, non-violence can be used. Non-violence can only be an alternative to war if the force they are fighting against is non-violent.Otherwise, it will only get trampled upon by a violent, oppressive force. In order for a civilization to survive, it must have an adequate supply of resources for its people. A civilization’s supply of resources can easily be depleted by drought, famine, floods, disease and many other natural disasters. When this happens, the civilization must find a way to solve this problem. If a solution can’t be found while staying in the area, they must find another place to live, but that comes with risks. Going out and searching for a new place is very dangerous and many people may die.Another option the impoverished group of people might take would be to seek help to a nearby but separate establishment. This puts the struggling group in the hands of the healthy one. It is then up t o the healthy group to decide if they are going to share their resources or deny it to them. The denial of aide will displease the struggling group and they might have to turn to violence to protect their people. This is because no compromise can be made and both groups are looking out for themselves. Humanity’s natural instinct o survive is the primary reason why violent wars are inevitable. As I have mentioned before, a civilization’s goal is to do anything they can to ensure the prominence and survival of their culture. The Crusades of the middle-ages are a perfect example of acting out on this cultural pride. In 1071, the Catholic Church had previously lost access of the Holy Lands to the Turks. They make a comeback in 1095, at the main series of the Crusades. A lot of conflict and fighting occurred at this time and lasted until 1291.Due to the reason they were fighting, war could have easily been avoidable. The Christians and the Muslims weren’t necessarily fighting for resources, but for the right to own the Holy Lands. The reason both religions wanted it was because both had ties to it. Since they weren’t fighting for resources, they should have been able to share the land without bloodshed. Both should have been able to exist with each other without conflict. Non-violence can be an alternative to war, but only if the people’s lives are a factor in the opposing force’s power.When the British were controlling their colonies in India, they were imposing taxes and trade. The British were using India for its own economic benefits. If the British started killing off the Indians, then there wouldn’t be anybody to pay them their taxes, not to mention it could start a war neither party could afford or want. Even if the British decided to get violent against the resistance, non-violence would have still been effective. This is because the British would use violence to induce fear, but at a cost.Since the British e conomy is dependent on the population of the people, they would actually damage themselves if they were to kill. When people are faced with the options to either fight or die because of competition over resources, they will chose to fight and war will occur. Some wars and conflicts in the past could have been avoided because both parties were intolerant of each other but wanted the same land. In this case, conflict should never have happened, and compromise should have been the solution.

Healthcare Consent legislation Essay

Healthcare Consent legislation applies to everyone above the age of 18 (some places 16) and has the following rights (Ref 1) 1)The right to give or refuse consent 2)The right to choose a particular form of healthcare on any grounds including moral or religious grounds 3)The right to revoke consent 4)The right to expect that a decision to give, refuse or revoke consent will be respected 5) The right to be involved to the greatest degree possible in all case planning and decision making Mostly all nursing actions are an invasion of a person’s privacy and giving consent is carried out by going into the hospital or being treated at home. So one can say that consent is based on the principle of respect for a fellow human being. (Ref 1,2) This legislation tells me that all patients and clients have a right to receive information about their condition. As a nurse I should be sensitive to their needs and respect the wishes of those who refuse or are unable to receive such information. (Ref 1,2) For instance, there may be a language barrier and I should not just go about reading the consent form in English, rather I should arrange for a interpreter or find a nurse who speaks the clients language. I also respect their decision of autonomy-their decision to accept or decline any health intervention even if a refusal means loss of life, example Jehovah s witness refusing blood transfusion. The client will now have alternate options given by the Health Care Providers. Informed consent is obtained by a legally competent person, who voluntarily accepts or declines the consent after being informed of the treatment including side effects, adverse effects.(Ref 1,2) Many people are frightened by unfamiliar medical procedures and interventions and may thus want to back off from any treatment. This decision should be respected, and the client should not be forced into taking any of these medication or treatment. Rather the nurse can educate them to the best of her education and training if the client wants to know about it. Historically dating back to 1914, it was Justice Cardoza who changed the concept of research ethics involving human beings. The foundation of modern day informed consent is based on his statement â€Å"Every human being of adult years and sound mind has a right to determine what should be done with his (or her) own body.†(3) There were many historical events that lead to present day consent acts. Some of them were as follows (ref #3) 1) Tuskegee Study of Untreated Syphilis in Black  Men (1932-1973) 2) The Nuremberg Code as a result of the Nazi Medical Experiment during World War II (1947) 3) The Thalidomide experiment that resulted in birth defects (1950) 4) The declaration of Helsinki (1964) I feel these events all had a big role in shaping modern day HCCA and Consent legislature.Previously, a simple consent question would be â€Å"did the patient agree to surgery?† (Ref 2), which now has evolved into â€Å"Did the physician provide the patient with adequate amount of information for the patient to consent?† This newer version of the legislation allows the nurse to participate in proper advocacy so as to promote patient autonomy in self-determination. Initially informed consent meant saying â€Å"YES† to any treatment or intervention laid out by the physician and advocated by a nurse (Ref 1). Now informed consent means being able to say â€Å"NO† and this in itself is a part of exercising ones autonomy.(Ref2)Nurses should practice with the knowledge that clients must consent to be touched ,to have treatments administered , to undergo surgery, for bathing, positioning, taking vital signs, physical assessment ,changing dressings, venipuncture,wo und irrigation, catheter insertion just to name a few. If a patient or client is not capable of giving consent then besides the HCCA (1996) Ontario does have the Substitute Decision Act(1992) SDA . This act allows a substitute decision maker –a spouse, a relative, a parent and in the absence of these someone can be appointed by legal authority if the patient has not indicated otherwise. In emergencies where the priority is preservation of life, a nurse or HCP can provide care to the patient or client without their consent if they are incapacitated, provided it is demonstrated that this action was carried out in the best interest of the patient or client.(Ref 1) In conclusion, I can say that nurses are patient advocates and an essential member of the healthcare team contributing meaningfully to the informed consent process. There are many barriers to the HCCA especially in terms of informed consent, but the well informed and knowledgeable nurse is competent enough to have a thorough understanding of her clients’ needs. She being the clients best advocate will implement the informed consent procedure so as to maintain the clients’ autonomousity so that he or she can maintain their self-determination. This legislation has allowed nurses to be accountable for the best interest of the client and  carry out their role as a client advocate.

Do some background research into the UK poplulation. E.g. size, social Essay

Do some background research into the UK poplulation. E.g. size, social and ethnic background - Essay Example Figure 2 shows the 2011 census ethnic group breakdown in the UK. White (87.2%) is the major ethnic group, followed by Asian/Asian British (6.9%), black / African / Caribbean / Black British (3.0%), Mixed/multiple ethnic groups (2.0%) and other ethnic group (0.9%) (Office for National Statistics, 2013 A). According to the 2011 census, all usual residents aged 16 to 74 in employment the week before the census was about 29.84 millions (Office for National Statistics, 2013 B). Figure 3 shows the 2011 census occupation and local authorities breakdown in the UK. About 17.3% of the people were in professional occupations, followed by Associate professional and technical occupations (12.6%), Skilled trades occupations (11.6%), Administrative and secretarial occupations (11.5%), Elementary occupations (11.2%), Managers, directors and senior officials (10.5%), Caring, leisure and other service occupations (9.42%), Sales and customer service occupations (8.56%), and Process, plant and machine operatives (7.3%). The GDP per capita is about $37,300. The median age of the UK residents is 40.3 years. The male residents’ median age is 39.1 years and the female residents’ age is 40.3 years. The male to female sex ratio is about 0.99. The population growth rate is about 0.55%. The birth rate is 12.26 births per thousands and death rate is 9.33 deaths per thousands. The mother-maternal mortality rate is 12 deaths per 100 thousand live births. The infant mortality rate is 4.5 deaths per thousand live births. The life expectancy at birth is 80.29 years with male life expectancy at birth being 78.16 years and female life expectancy at birth being 82.54 years. The literacy rate is about 99% (Central Intelligence Agency, 2014). According to BBC News (2014), the unemployment rate stands at 7.2% at the

Critical analysis of a case scenario from CaseWorld Essay

Critical analysis of a case scenario from CaseWorld - Essay Example pains while she was doing her dishes in the morning.In Mrs Elizabeth Green’s case, most of the risk factors are presented in her history, including genetic outcomes. In the case study, the family history reveals that Mrs Green’s mother suffered from cardiac disease, and artery blockages run in the family. However, despite knowledge of potential risk factors, the role of genetics cannot be confirmed with certainty, as genetic testing on this front is not yet available. It is more likely that Mrs Green will develop notable adverse outcomes after the coronary angioplasty, including neurovascular complications and stroke. According to the clinical guidelines of the Royal Children’s Hospital Melbourne, monitoring the neurovascular status of a patient is mandatory in order to ensure that neurovascular compromise or deterioration is recognized early. The clinical guidelines define neurovascular as the overall functioning and structural formation of the combined nervous and vascular systems. Delays in recognizing a loss of neurovascular function post–coronary angioplasty could result in a loss of limbs, permanent deficits or even death. For an RN or clinical facility, such outcomes could constitute clinical negligence, which could lead to law suits against the facility for professional negligence or even ethical disciplinary proceedings by the Nursing and Midwifery Board of Australia for failing to provide nursing care according to documented treatment or care plans. Indeed, the board’s national competency standards for RNs require them to use all available evidence, including report s, records and personal experience or knowledge, for the provision and coordination of care. The standard nursing practice is to provide neurovascular assessment and observation for patients who have some form of musculoskeletal trauma or are in the post-operative stages of health care. According to the case, Mrs Green had just undergone cardiac catheterization. According to

Corporate Governance for Lebanese SMEs Thesis Example | Topics and Well Written Essays - 250 words

Corporate Governance for Lebanese SMEs - Thesis Example In the dialog box, I clicked Coding Criteria and defined my search using the Simple button. Using Query Options, I described the storage methodology for my query results (Stanford University 2012). Another feature that was vital during data analysis using Nvivo9 software was the selection of hierarchical nodes (codes) to help in furthering the classification of vital information. This procedure is very crucial since it involves the processes of merging, deleting, and adding relevant categories to the analysis. With the emergence of new and refined themes, the analysis narrows down to fields that can be interpreted by the reader of the information. Further filtering of the data involved the use of Matrix Query. This option allowed me to balance and show the emerging results in the matrix table. Each matrix cell has a newly created node for easy grouping of the needed information. Opening the newly created node explores all the elements stored in there (Stanford University 2012). Using different categories in the Matrix and Coding Query I developed my data interpretation ideas as per the emerging patterns, meanings and categories. I believe that I used the Nvivo9 software correctly in coming up with the stated

HelloHealth Essay Example | Topics and Well Written Essays - 2500 words

HelloHealth - Essay Example Today, the organization has more than twice the rate of patients of a regular doctor’s office. Since there are four doctors, and each one is able to see more patients throughout the day than an average doctor without waiting times, the rate is twice as high, and still growing (Reporter’s Book Case Studies in Social Innovation and Creative Communities). Hello Health is a community of doctors that have made going to the doctor easy again. Instead of waiting in some emergency area in an impersonal hospital, Hello Health serves as the old-fashioned neighborhood doctor, adapted to todays lifestyle. Not only is this type of Health care accessible and affordable to all parts of society, but is also very individual and focused on each patient. The services of the four doctors who are involved in seeing twice as high number of patients throughout the day as an average doctor positively impact the city population and create new awareness for better health. The principles of Hello Health are to form a close and healthy relationship between patient and doctor and staying in constant communication, whether one is feeling absolutely all right or has some kind of health issue. The devices through which this is all made possible are the developed technologies of todays society. The internet and the cell phone serve as a means of making appointments and accessing ones records. The entire strategy behind Hello Health is meant to make life more convenient and affordable for both the patient and the doctor (Reporter’s Book Case Studies in Social Innovation and Creative Communities). Hello Health is known for its commitment to excellence, challenging work environment and to the community. This online clinic has a commitment to safeguard health concerns, provide best services to its customers, provide the best working environment for teamwork, creative thinking, respect, and open communication amongst

Human Trafficking in the United States Research Paper

Human Trafficking in the United States - Research Paper Example While these impoverished people from South and Central America get into the United States in order to improve their economic wellbeing, evidence suggests that they barely get past acute poverty and only manage to survive. Despite being the richest nation on earth, a significant portion of its inhabitants lives below the poverty line. A large portion of them recently arrives illegal immigrants, who find disillusionment and further misery on their arrival into the country through illegal channels (Lybecker, 2008). This essay will argue that while human trafficking is not solely responsible for poverty in the United States, it does contribute to the growing pool of poor people and is a manifestation of the dark side of the global capitalist economy. Firstly, poverty and homelessness in the United States can be traced back a long way. Even long before political discourse about illegal immigration started, there has been a constant influx of impoverished and oppressed people into the country. As and when immigrants (legal or illegal) arrive into the confines of the country, they start out as homeless people by default. The direct and circumstantial evidence for this is available in literary and performing arts of the last one and half centuries. Prominent among the artists who dealt with this subject are Walt Whitman, Jack London, Charlie Chaplin, Woody Guthrie, John Dos Passos, Bill Mauldin, Jack Kerouac, and John Steinbeck. In the early twentieth century slang, homeless, vagabond immigrants were casually referred to as hoboes, which is a term of denigration. These so-called hoboes had a reputation for being barbaric, wild, lazy and unscrupulous. The first detailed representation of these people living on the fringes of society s tarted appearing after the end of the Civil War.  

Psychology Topic is Genes and aging and Gottlieb contribution to this Essay

Psychology Topic is Genes and aging and Gottlieb contribution to this - Essay Example The process of aging has engaged the attention of people from time immemorial. People in the past generally did not include as a scholastic subject of inquiry. It was so obvious a facet of life that in the past people generally accepted it as a reality with which they have to cope up with. However, the desire to prolong life was very popular and a marketable thing, many charlatans and quakes occupied the field and various potions for prolonging life appeared in the market. Initially serious scientists did not venture to study the phenomenon for fear they will be mistaken to be a pseudo scholar. With the microscopic study of cell and genetics growing as an important subject aided by technology, aging also came to be studied. The role of genes in aging has been a forgone conclusion. But the insight into the importance of environment- interface in shedding light on development is one of the major thrust areas of Gottlieb's study. The present study is an examination of his contribution t o the process aging. Aging is the major hurdle to the quality of human life in affluent communities. The study of senescence can prolong human life, preserve health, prevent age related diseases and even might cure aging. Aging is assuming the dimension of a worldwide social and economic problem. However, some scientists feel this area should get more priority and funding (Miller, 2005). The study of senescence, while it is part of the global quest to address this problem facing humanity, is also a dream of achieving the experience of an infinite universe. What is aging Aging came under the purview of scientific enquiry only in the early part of the present century. We are all aware of aging in humans from our earliest years, through normal, daily contacts with family members, neighbors, and others who have reached an advanced age. Perhaps because aging seems such an intuitively obvious phenomenon, it was quite late in becoming an object of formal study (Clark, 2002, p. 3) However there has been, over the centuries, an ardent attempt to unearth the magic elixir that would prolong life or even confer immortality. The process of aging was so obviously present in the conscious mind that no one thought it worth the trouble to go in depth to study what aging is. Aging has many external visible signs, as well as the changes in the mind and in the molecular level. The external changes also psychologically impact the person as he or she becomes aware that time is approaching for saying adieu. There are also degenerative changes associated with age, which are the results of alterations in the cardiovascular system. Humans also are under higher risk from external sources due to the slow collapse of the autoimmune system of the body. The reproductive capacity also diminishes along with aging and in the female this process sets in faster than in the male. In fact there are a spectrum of changes associated with old age but there is no uniform pattern of occurrence for all humans nor is there any fixed time when aging sets in all people. Some people are old at forty but there are septuagenarians who are fit as a fiddle. In some, mental faculties are impaired with age while bodies remain

Discuss the concept of The Johari Window as a model for personal and Essay

Discuss the concept of The Johari Window as a model for personal and group development - Essay Example ft and Harry Ingham, who conduct studies on human personal characteristics and how it positively or negatively impacts individual, or group behaviour and interaction. Since different people possess different behaviour attributes, it is necessary to know both individual and group behaviour in the context of work environment, not only for gaining optimum work output, but also to ensure harmonious interaction between different members of the group. Through knowing ourselves deeper, broader and better, especially our interacting and interfacing with others, it is possible to introduce positive personality changes in our outlook and interpersonal relations with others- superiors, peers and subordinate groups. This could bring about more effective communications, greater degree of understanding and empathy with others as well as greater a more constructive and harmonious relations with other individuals in our working place. In the long run, this could reap rich benefits for all members of the force and, more significantly, entire corporate as a whole unified unit. At the first stage, a list of attributes or characteristics are provided to the respondents, from which the respondent has to choose a few attributes which he believed he possesses- these could be adjectives like supportive, noble, patience, tolerance, empathy, caring, helping, modest, etc. The list of what the respondents thinks about himself, and what other peer groups, or members of known circles think about him, are compared and fitted in the appropriate quadrant of the Grid Matrix shown below: The four quadrants mentioned above represent the four possible permutations and combinations in terms of one’s self opinion about oneself vis-à  -vis what others may think about the respondent. â€Å"Each of these regions contains and represents the information - feelings, motivation, etc - known about the person, in terms of whether the information is known or unknown by the person, and whether the information

Advanced Accounting Essay Example | Topics and Well Written Essays - 500 words - 1

Advanced Accounting - Essay Example So that the combined totals for individual accounts may be increased or decreased so that only transactions with external parties are reflected in the consolidated amounts. Because they do not carry over from period to period (Peterson, 2012). Although most parent companies do possess 100 percent ownership of their subsidiaries, a significant number establish control with a lesser amount of stock. If the parent does not own 100% of the company (Peterson et al, 2012), WHO owns the rest of it? No controlling Shareholders. The ownership interests of the No controlling Shareholders must be reflected in the consolidated financial statements. The Parent, with controlling interest, must consolidate 100% of the Subsidiary’s financial information. The acquisition method requires that the subsidiary be valued at the acquisition-date fair value. Parker purchased 9,000 shares at $70 per share. The fair value of their consideration transferred is $630,000. The remaining 1,000 shares trade at $60 per share indicating that the fair value of the no controlling interest is $60,000. The total acquisition-date fair value of the sub is $690,000. The total acquisition-date fair value (amount paid) of Strong of $690,000 is greater than the fair value of the identifiable net assets acquired of $600,000 (10,000 shares x $60 per share). The difference is allocated to Goodwill. The parent first allocates goodwill to its controlling interest for the excess of the fair value of the parent’s equity interest over its share of the fair value of the net identifiable assets. ($600,000 X 90% = 540, 000). Goodwill allocated to the controlling and no controlling interests will not always be proportional to the percentages owned(Ittelson, 2009). Errors or omissions on the books of the subsidiary. Corrections should be made directly on the subsidiary’s books as of the date of acquisition. Excess of fair value over book

Videogame Addiction Essay Example for Free

Videogame Addiction Essay Jeffrey Stark knew he was in trouble when his grades dropped from 90s to 70s and he had lost all his friends. He was spending far too much time and effort feeding his addiction. Stark wasnt shooting heroin or drinking alcohol. He was playing computer games. Getting hooked on computer games has stripped me of countless valuable hours which could have been spent studying, says Stark, 18, of London, Ont. I am now antisocial and have very few friends. (Andrew Flynn) This story is not a unique one. Video games have been known to consume people to the point that their lives are falling apart. Video game addiction has wrecked people mentally, ruined professional careers, and destroyed marriages. Video game addiction is a growing epidemic around the world. It is an issue that needs to be dealt with so thousands of people can get the help that they need. Jun. 28Skip to 2012: Lindsay Lohan checks into treatment because the actress just cant stop hitting the barsthe falling block-bars on Nintendo Tetris. A 33-year-old office worker is fired because he wouldnt stop playing World of Warcraft 3 on the job. He sues and is awarded back pay and reinstatement, along with the accommodation that he be allowed at least three raids per day on the computer game. These scenarios could come to be if the American Medical Association classifies video game addiction as a mental condition tantamount to dependence on drugs and alcohol. (Arizona Daily Star) Now this might seem far fetched to some people but scenarios like these could be a very real and frightening possibility. When video game addiction becomes a real medical disease, people all around the world will be affected. For example, if this happens video game addicts will be given breaks to get their fix similar to smokers, and with the fact that seven out of ten homes in America have a video gam e console in them, this would be harmful to everyone. Employers everywhere will lose out on possible income they can make. In Tucson mental-health experts welcomed the study, saying  the problems are real and on the rise. But some devout gamers say the issue is overhyped.It is a valid addiction, said Paul Gallant, a clinical outreach coordinator for Sierra Tucson, a treatment center for addictions and mental disorders. He said hes seen a 20 percent increase in calls regarding compulsive gamers in the past 18 months. One case involved a 22-year-old college student who spent up to 20 hours on a computer game every day, and had failed classes and lost his job. It meets many of the classic criteria for process addiction, Gallant said. Many people who doubt that these cases are addictions do not understand neurochemistry or the working of the addictive brain. Many people feel that unless theres ingestion of a mind- or mood-altering substancewhether it be heroin, cocaine or alcoholwithout that, addiction cannot be present, and thats a lie. Video game addiction can be very disruptive, costing gamers jobs and relationships, said Christi Cessna, Sierra Tucsons director of marketing and intake. Its had a serious impact on lives, and frankly thats one of the reasons the (American Psychiatric Association) is looking at it as a diagnosis, she said. (Phil Villarreal) Video game addiction has a severe effect on your social life. Its similar to the idea of Internet addiction in that people are using video games to kind of disassociate from their lives in some way, Cessna said. We are getting calls, which is a challenge because no program out there specializes in video game addiction itself. Those hooked on gaming also may suffer from additional problems, such as anti-social behavior and depression, she said. (Phil Villarreal) This can be very disruptive costing people jobs and relationships and it one of the main reasons that the American Psychiatric Association. People have been using games to distance themselves from reality for decades but now with the type of games that are out now, one such game is World Of Warcraft. World of Warcraft or WOW for short, is a MMO RPG (Massively Multiplayer Online Role-playing Game) where you create a character from a number of different races and level up and go on quests. This game thats set in a fantasy world where someone can literally make a second life. For many people out there life might not be ideal and lots of gamers seek out happiness in games which is perfectly fine and healthy to an extent, but some people take it too far. For most hardcore addicts, they  will willingly forgo food, hygiene, and jobs to play a game instead. One case involved a 22-year-old college student who spent up to 20 hours on a computer game every day, and had failed classes and lost his job. to go back to this quote from earlier, video game addiction needs more attention and people need help; just like alcoholics have AA for help with their addiction, video game addicts need something similar. Although in recent years video games have got a bad rap. They have been accused of causing people to be violent and things of that nature which is untrue as proven in USA Todays article Study the Player, not the Video game, If youre worried about a video game turning your son or daughter into a killer, dont worry about that, says psychologist Patrick Markey of Villanova (Pa.) University. But is your kid moody, impulsive, or are they unfriendly? Its probably not the best idea to have that child play violent video games. With all that being video games can be used for good. In the past the authors have referred to games as good â€Å"learning engines.† Here they argue that games are good learning engines because they are first good assessment engines.Games require the kind of thinking that we need in the 21st century because they use actual learning as the basis for assessment. They test not only current knowledge and skills, but also preparation for future learning. They measur e 21st century skills like collaboration, innovation, production, and design by tracking many different kinds of information about a student over time. As an example of how epistemic games can be used as assessment tools, the authors describe a game they developed called Urban Science, in which players work as urban planners who are creating proposals for the development of an area adjacent to a large wetland. Epistemic games can be used to test whether students can solve complex problem using 21st century skills. Thus the authors suggest that the road to better schools starts by making the tests in school more like the games that students are already playing out of school. (James Gee, David Shaffer) Video games have been used by the military to help soldiers become better on the battlefield, in recent years schools have been pushing more interactive learning video games to keep students interested and having fun which in turn make you learn more. In conclusion video game addiction is a real epidemic. It affects millions of people every day. It has been know to ruin professional careers, destroy personal relationships, and have a grave effect on someones social life. Currently today there really isnt a good option for gamers to go to get help. Alcoholics and many other forms of recognized addictions have large and very effective and helpful organizations dedicated to alleviated peoples addictions yet videos game addicts do not. This is an issue that needs to be addressed because if it isnt, it will affect us all. Bibliography Flynn, Andrew. Its No-Win for Those Hooked on Games. Toronto Star. 27 Apr 2002: L9. SIRS Issues Researcher. Web. 20 Nov. 2013. Gee, James Paul, and David Williamson Shaffer. Looking Where the Light Is Bad. EDge. Sep/Oct 2010: 1-20. SIRS Issues Researcher. Web. 20 Nov. 2013. Jayson, Sharon. Study the Player, Not the Video Game. USA TODAY. 15 Sep 2011: D.3. SIRS Issues Researcher. Web. 20 Nov. 2013. Steinberg, Michele. Programmed to Kill: Video Games, Drugs, and the New Violence. 21st Century Science Technology. Fall 2000: 16-22.SIRS Issues Researcher. Web. 20 Nov. 2013. Villarreal, Phil. Experts: Video Game Addiction Is Real; Players Scoff. Arizona Daily Star. 28 Jun 2007: n.pag. SIRS Issues Researcher. Web. 20 Nov. 2013.

Aal Mir: Analysis of Fairtrade Policies

Aal Mir: Analysis of Fairtrade Policies Abstract: Aal Mir is one of the leading chocolate producers in the UAE. The companys marketing and logistics capabilities have proven to be exemplary for other companies. Aal Mir is one of those companies which have been undisputed for more than 30 years. Its fair trade policies attract a large number of customers towards it. The company has led to acceptance of chocolate as one of the primary snack in the region. The products produced by the company are quite popular in the region and it acts as a good source of income for the company. The people of UAE usually prefer products prepared within their country more than the products produced outside which serves to the benefit of the company and earns higher profit to the company. The company is very strict against child labor which reflects in its fair trade policies. The report prepared is a result of in depth analysis of the companys policies which are quite oriented towards fair trade of the company. The company has also played an important role in increasing awareness about some social causes. The project deals with analyzing the business of the company and its role in creating social awareness amongst the masses. The company is strictly against child labor and low wages of the employees which has resulted in a great increase in the goodwill of the company. The company has also been involved in meetings with the world health organization which is an indicator of the extent of social responsibility of the company. The various aspects of the policies of Aal Mir have been covered in the report. Children between the age of 10-15 years serve as the major part of the target population for the company and the company lays emphasis on children even in its fair trade policies. The affinity of the local people of UAE towards goods produced within the country also acts as a positive point for the company and works to the advantage of the company as has been seen in its year of establishment. The consumption of chocolate in the region has increased in the region by a growth rate of more than 10% annually over the last few years as a result of companys products and its policies. In fact the consumption of camel milk and biscuits has also gone up significantly over the last few years. The report has also emphasized on these growth factors as a result of the policies followed by the company since its establishment. Introduction: The term fair trade is referred to the concept of social justice along with continuing the business trades of a company in order to gain maximum profit from it. It was originally used in order to support social justice. In the concept of fair trade justice was defined as the strongest thought that arises through simple majority among people. The main aim of fair trade is to identify the relationship between various aspects of international trade identifying the reasons for putting constrained on the traded products. The objective of fair trade is to save the people in the region and the employees of the company from being exploited by the companies in order to maximize their profits. Aal Mir has been chosen as the company to study its fair trade policies because it has been operating business in UAE for the last thirty years and has not been a part of any controversy or dispute since it came into existence. The company has also shown good growth rate since its establishment in 1980 becoming the largest producer of chocolate in the country. The companys strategies and policies are a great combination which has led to higher profits and has also earned social goodwill for the company. The company has always served its social duties along with earning one of the highest profits in its area of trade and business. The company has been strictly against some of the social evils such as child labor and low wages of employees. Body of Report: Chocolate is the product chosen to study the fair trade policies of a company. Chocolate today has been selected as a fair trade product by fair trade organizations (Fair trade product). The organization chosen to study the fair trade policies is Aal Mir. Background of the company: Aal Mir trading company was established in Dubai in the year 1980 by two dynamic entrepreneurs who worked in partnership to make the company reach heights of success. The company was setup by Mr. Mir Motalleb Vakhshouri and Mr. Mohd. Hassan Baba Hassan and its business today is spread in varied fields and different areas of the market (Aalmir overview). Initially the company began with business focusing on the confectionery segment and then shifted to modern trade and distribution after analyzing the trend of the market and started importing food and non-food items to Dubai (Aalmir overview). Today Aal Mir Trading Co. LLC has a very impressive portfolio which consists of various brands that have been recognized internationally and enjoys the status of a leader in full fledged distribution in the region. Its logistics and marketing strategies have been appreciated over time and its marketing covers many areas of the market. (Aalmir overview) The company does import and export of all kinds of confectioneries, foods and beverages to countries like Iran, Iraq, Qatar, Kuwait, Oman ,India, Pakistan and some African countries. (Spread of Aal Mirs Business). The raw materials required for preparing chocolates are cocoa, oils and fats, improvers and adders, flavors and cereals. Cocoa serves as the main ingredient for the preparation of chocolate. The main producers of Cocoa are West African countries such as Ivory Coast and Ghana and the company also imports Cocoa from these countries which serve as a main raw material for the production of chocolate. (Areas where Cocoa is produced). The range of product sold by the company consists of biscuits, wafers, cakes, chewing gum, candies and toffees, foodstuffs like oil, coffee, rice etc, gift boxes, jellies, juice and drinks, lollipops, marsh mallows, pickles and canned food, toiletries and cleaning products and snacks. Such a wide range of products marketed by the company not only reduces the rescue factor but also has led to higher levels of income for the company and has led to independence of the company from any one product for its profit (Products produced by Aal Mir). Aal Mir is amongst the top trading companies and owns many subsidiaries either partially or totally in order to smoothen its work. Some of the subsidiaries owned by Aal Mir are Sweet Garden General Trading Co LLC, Aal Mir storing Co. LLC, Tania Packaging LLC, Hassani and Aal Mir Trading Co., Aal Mir Partners Trading Company and Shamim Trading Co. LLC. (Associate Companies) Sweet Garden General Trading Co is an independent company which executes the groups strategy of enhancing its market coverage. This subsidiary was established in the year 1989 and is currently working as an independent distribution company. The company is located in Dubai. (Associate Companies) Aal Mir Storing Co LLC mainly provides storing and logistics services to the companies associated with it and the company is mainly a holding of Aal Mir Trading Company and is presently functioning in Dubai. (Associate Companies) Tania is a label brand of Aal Mir Trading Company for its food products like rice and grocery items. Apart from being a label company the company also gives support services such as repackaging. The company s situated in Dubai (Associate Companies) Hassani Aal Mir Trading Co. is another associate of Aal Mir trading company situated in Abu Dhabi. This company works operates its business in the field of consumer products and branded confectionary. The company does its work with the support of companies like Sweet Garden General Trading Co. LLC and Aal Mir Trading Co. LLC and is situated in Abu Dhabi the capital of UAE. (Associate Companies) Al Mir Partners Trading Co. LLC is another associate of Aal Mir Trading Co. LLC that has been operating within the Sultanate of Oman and trades and distributes foodstuffs and confectionaries in the region of Oman. (Associate Companies) The trading of Basmati rice in the region is done by the company under the established brand name â€Å"Shamim† which is a brand established by the company. (Associate Companies) Fair Trade Policies of Aal Mir Trading Co. LLC: Fair trade policies not only benefit the people associated with the company and the common people of the country but also benefit the company by increasing the goodwill of the company. Fair trade policies aim at benefitting the people of the country who may be associated with the company as producers of raw materials, consumers or employees of the company. These policies result in creating goodwill for the company and also sometimes attract larger number of customers to the products of the company. These policies create a thought in the minds of the customers that the company that is performing the deeds for social causes and that is has a high probability to be keep the rights of its customers preserved and will not exploit or harm them and it also creates a sense of belongingness to the organization in the minds of the minds of the consumers. The company is strictly against child labor and has a view that children are not meant to be exploited for gaining profits. This can also be seen as a marketing strategy as the main market of the company is children below 15 years of age and by being strict on child labor the company wants to give a message to its customers that it really cares for them and is willing to do any possible attempt to stop any kind of evil done on them. Moreover on part of being a chocolate company it is important to take care of the hygiene and the conditions in which the product is manufactured as unhygienic products could lead to bad health and also lead to loss of customers and reputation to the company. The companys fair trade policies are also quite visible by its attempts to increase the general awareness about all its products to the consumers it also tells the consumers the value that they hold great importance for the company and facilitates them with a feeling that they are the most precious source of revenue for the company. This policy attracts a large number of consumers towards the company and makes them interested in buying the products of the company. The company is a firm believer of globalization and is taking every possible step to implement it. This shows companies respect for international trade and its respect for personnel internationally thus helping itself to grow globally. The global presence of the company is felt by analyzing the countries to which the company currently exports its products. This policy helps the company in building international goodwill of the company. The company is also against giving low wages to its employees and is a firm believer that a person should be paid for whatever he does for the company thus giving the employees a sense of accomplishment and motivates the employees to work with dedication for the company and company as the employees feel that the company belongs to them and any benefit to the company would lead to the personal benefit of the employee. Aal Mir Trading Co. is one of those few companies which have been able to remain undisputed over the span of more than 30 years which reflects its fair trade policies. The company has pioneered in getting rid of various social issues of the world and has been praised for its steps taken worldwide. The companys meetings with the world health organization act as a firm confirmation to the steps taken by the company in order to reduce social evils and exploitation of labor worldwide. Appendices: Opposition to child labor. Maintenance of Hygienic conditions during production. Attempts to Increase general awareness among the consumers. Respect for international trade and personnel. Opposition of low wages. Results of Policies implemented by Aal Mir Trading Company: As a result of the fair trade policies implemented by the company there are various figures that support its success. In the last few years the annual growth rate of chocolate consumption in the region has been around 10% which directly reflects the increase in profit of the company as it is the leading producer of chocolates in the region. Today more than 25% of the people in the region consider chocolate as a main snack which is far greater than the ratio of 2.5% which existed 15 years ago. The results are even visible in the biscuit industry which is one of the areas of business of the company has witnessed a growth of around 17% in the last few years. Is the company adapting to fair trade policies only as a marketing tool? The main motive behind any company is to earn maximum possible profit within the laws of the region in which they operate. The motive of Aal Mir Trading Co. is also to earn maximum profit from its business but the policies implemented by the company in order to gain this profit are quite noble and are based on social welfare. Although seeing from a point of view we may find that these policies are helping the company to gain higher profits but seeing the level at which the company is performing it is not a necessity for the company to work for social causes as the people already are aware of the brand and the products produced by the company. In its thirty years of working the company has been able to make a good reputation in the market and has made good profits over the last few years. In the initial stages of the working of the company it could be made out the company might have gained larger profits based on the basis of the policies that it had implemented and in the initial sta ges this could have been seen as a policy to take the people of the region into confidence but since the company is in existence for over 30 years the company today does not need to take the consumers into confidence as the company already has enough customers that are confident about the working of the company and have faith in the products of the company but at this stage the steps might be interpreted as a measure to maintain the goodwill of the company and keep the people assured of the policies of the company. Another important fact that must be kept in mind while analyzing this aspect is that in order to follow such fair trade policies the company still has to put in extra cost which might just go wasted as the company already has a huge customer base and activities of social good now has a minimal effect in increasing the customer base of the company. Hence on analyzing the trade policies it is found that although the company may be earning a higher profit based on response o f users on these policies but the credit of doing such activities must not be taken away from the company that is putting an effort for the community as the company is fulfilling its social requirements hence we can say that Aal Mirs adaptation to fair trade policies is not just a marketing policy but it is an attempt by the company to improve the society which in turn is giving higher profits to the company. Conclusion: After going through the policies of the company and the profits that it is earning and also after examining the impact of these policies on the company as well as the people of the region various conclusions can be made out which have been stated in this paragraph. The company has developed into a leading producer of chocolates as a result of its trade policies and has also earned the stature of an extremely ethical company that fulfills its social responsibilities. This sense of responsibility of the company towards the society is a result of the companys fair trade policies. The companys contributions have also been highly recognized by the society and even bigger organizations like the world health organization. The company has earned its spot at the top and is expected to stay there as the companys policies as well as quality and cost of products are bound to attract a large number of consumers towards the company. Hence it can be concluded from the above report that the good pol icies of the company that includes the fare trade policy have helped the company to establish a customer base and then its products and marketing strategies have helped it to affix the companys position at the top amongst all the companies of the region thus resulting in the current scenario where the company is at the top of the market and is still developing its position. Works Cited Aalmir overview. (n.d.). Retrieved 5 4, 2010, from http://www.aalmir.com/AboutUs.aspx?id=1 Areas where Cocoa is produced. (n.d.). Retrieved 5 4, 2010, from http://www.zawya.com/story.cfm/sidZAWYA20090203034717/UAE%20chocolate%20makers%20see%20red%20as%20cocoa%20prices%20soar Associate Companies. (n.d.). Retrieved 5 5, 2010, from http://www.aalmir.com/AboutUs.aspx?id=3 Fair trade definition. (n.d.). Retrieved 5 4, 2010, from http://www.fairtradecoffee.org/articles/ft-definition.shtml Fair trade product. (n.d.). Retrieved 5 4, 2010, from http://www.globalexchange.org/campaigns/fairtrade/cocoa/ Products produced by Aal Mir . (n.d.). Retrieved 5 4, 2010, from http://www.aalmir.com/Products.aspx?id=2000 Spread of Aal Mirs Business. (n.d.). Retrieved 5 4, 2010, from http://www.made-in-china.com/traderoom/ismaeili

3D-finite Element Analysis of Beam Design

3D-finite Element Analysis of Beam Design Abstract: Any design and development activities involves in huge amount of time and money in bringing out the final product to the market, whilst functionality of the product being crucial under all scenarios without fail or malfunctioning over a period of time. Earlier design was carried out by the conventional methods from planning to final manufacturing of a components and the behavior of the product was understood only when it was not meeting its functionality. Recent developments in the above said area is vast, as this enables an engineer to study the behavior of a component/assembly, whist suggesting precautionary measures or a possible solution in validating the member thereby saves an organization time and effort. Thanks to the recent developments in the field of Stress analysis, along with the CAD packages, which actually enable us to visualize the component in 3D and analysis and design, validate it before it is actually released for manufacturing. Furthermore the robustness of CAE packages enables us to visualize the behavior of the component/assembly when it is actually put to work defining constrains under which it has to perform. Industries strongly rely on these packages to reduce the time and money involvement of a company and it is important for an Engineer to adapt the methods presented in this paper in the right approach so as to meet the design criteria which should be practical in nature. Introduction: This paper demonstrates the Design of a beam which has to be validated under several constrains/operating conditions, and understanding its behavior under these real time situations. Application of Stress methods using Solid Works Simulation package is demonstrated to understand the behavior of the beam. 3D Finite element analysis is one of the approaches in understanding the behavior of the load paths under different situations and with different boundary conditions. Several beam sections are validated to design the best beam under the given load conditions and the best beam based on several criteria are made, by demonstrating several plots. Hand/Theoretical calculations and results from Simulation are interpreted in order to study the behavior of the beam. Methods of this Stress Simulation and relevant steps are explained by plotting various plots like the Stress, Displacement and Factor of Safety by relevant comments at certain stages are done for the company to understand the process and design validation. Further it is important for the safety engineer to understand the usage of 3D finite element method so as to interpret the results and to make design changes before the component being put it function. Beam analysis: [Part 1] The figure below shows the beam on which the loads are acting at points P1, P2 and P3 of magnitude 18KN, 26KN and 20KN respectively. Beam 1 and 2 are bolted with pins through the two beams and the beam is supported at two locations. Analyzing the above situation, several considerations are needed in order to apply and analyze the situation. The above situation is a case of simply supported beams at either ends and loaded at the center. Design phase: The given sections are designed using Solid works package as per the dimensions provided. The cross-section of beams designed is plotted below. Consider the cross-section 1 for analysis. Below shows the cross-section 1 with dimensions being A= 0.3m, B=0.3m respectively. 3D element solid element type analysis using finite element method: Cross-section 1: [Beam with circular hole] As shown above the assembly is created using solid works as Solidworks.asm format and is meshed and analysis is carried out. Several steps are carried out like constrains, load conditions, assigning material are done in order to study the behavior of the assembly. Load points are defined at three locations as shown; either of the beams is connected by means of metal pads of 3mm thick with pins to support them. As we apply the loads at points P1, P2 and P3, simulation is carried out and a report on the desired results is obtained and are plotted below. Further to the design of the beam with relevant dimensions, simulation of the assembly is carried out using Solid works simulation. Several boundary conditions are implied, like the loads at the given locations, applying material, bolts at four locations and finally meshing the assembly to perform the analysis. Repeating the above procedure for rest of the cross-sections for design of beam, following plots will account for the values of Von-misses stress, displacement and factor of safety. Deflection Calculations: From the bending moment diagram, we observe that the maximum deflection occurs at the centre of the beam. The maximum load due to all the three loads can be found out. By using the Principle of Superposition, the deflection due to each load can be interpolated to the centre. Consider a load P acting on a beam AB at a distance of a from end A as shown in figure. The bending moment plot shown in figure above, shows a discontinuity at the point x=a. Solving for each of the lengths of the beam For length AD, (d2y /dx2) = (M/EI) = (Pbx/EIL) 1 Integrating equation 1, we get, y = (Pbx3/6EIL) For length DB, y = (Pax3/2EI) (Pax3/6EIL) + B1x + B2 To determine the four constants A1 and A2, two boundary conditions and two continuity conditions are used. For segment AD, y (0) = 0 = A2 For segment DB, y (L) = 0 = (PaL2/3EI) + B1L + B2 Equating the deflections and slope on both segments at x=a, and solving the four equations, we get, A1 = (Pb/6EIL) (L2 b2) A1 = 0 B1 = (Pa/6EIL) (2L2 + a2) B2 = (Pa3/6EI) Hence we get the following equation, for length AD y = (Pbx/6EIL) (x2 L2 + b2) . (2) Considering the load P1 = 18KN, the deflection at midpoint, we have, P = 18000N, x = 1.4m, b = 1.9m, L = 2.8m, E = 220 X 109N/m2. Substituting these values in equation (2), we get y = (2.9407 X 10-8) / I m Hence, below are the values For cross section 1: y1circle = 0.04523mm For cross section 2: y1oct = 0.0454mm For cross section 3: y1sqr = 0.0465mm For cross section 4: y1isect = 0.06022mm For segment AD, using the expressions obtained for B1 and B2 in the deflection equation, we get, y = (Pa/6EIL) [(x3/2) (x3/6L) {x (2L2 + a2)/6L} + (a2/6)] 2 Considering the load P2 = 20KN, deflection at mid point can be calculated using, P = 20000N, x = 1.4m, a = 1.7m, L = 2.8m, E = 220 X 109 N/m2. Substituting the above values in equation (2), the deflection at mid point D is found to be: y = (2.2074 X 10-8)/I m Hence, For cross section 1: y2circle = 0.03395mm For cross section 2: y2oct = 0.0341mm For cross section 3: y2sqr = 0.0349mm For cross section 4: y2isect = 0.0452mm Similarly, considering the load P3 = 26000N, deflection at mid point is, y = (54.0484 X 10-9)/I m Hence, For cross section 1: y3circle = 0.0831mm For cross section 2: y3oct = 0.0835mm For cross section 3: y3sqr = 0.0854mm For cross section 4: y3isect = 0.1107mm Total deflection is given by: y = y1 + y2 + y3 Hence, For cross section 1: y = 0.1622mm For cross section 2: y = 0.1630mm For cross section 3: y = 0.1668mm For cross section 4: y = 0.2161mm Factor of safety for the beams. Factor of safety is given by the formula: FOS = ?yield / ?max Given, yield stress of the material, ?yield = 650N/mm2 Using the above data, we get, For cross section 1: FOS = (650/8.6) = 75.58 For cross section 2: FOS = (650/8.64) = 75.23 For cross section 3: FOS = (650/8.84) = 73.53 For cross section 4: FOS = (650/11.46) = 56.72 By the above results, the cross section with the highest FOS can be chosen for designing the beam. Hence it can be recommended to choose the cross section with circular hole for final design. Part 2 The zone is red color is critical, means it has high stress and displacement. Hence clamping used will play a major role. From the plot, the maximum displacement at this location is 0.6511 mm, which is less than the customers expectations and hence the design is safe. As this displacement is almost 3.8 times of the specified value [2.5mm], no design changes or precautions would be needed. Therefore, Maximum displacement < Specified value. Part 3 Finite element method is one of the methods widely used and applied among the industries in the recent years and is used to study the behavior of the part by assigning various properties on to it. Method of simulation: Static studies in Solid works simulation calculate displacements, reaction forces, strains, stresses, failure criterion, factor of safety, and error estimates. Available loading conditions include point, line, surface, acceleration (volume) and thermal loads are available. Below criteria are important and are followed in this document so as to obtain values which are realistic in nature; The approach is done in three phases and are, Bottom up assembly-Phase 1 Defining load points-Phase 2 Simulation-Phase 3 Phase 1. Assembly of beams with relevant dimensions was done with fully defining the sketch geometry. Generating bosses with desired lengths and creating the profile as needed. Mates being defined between each parts using mate options in assembly mode. Phase 2. Split of 10mm was done at the top surface of the beam was done in order to imply point loads. Phase 3. Solid works simulation tool was used to access the simulation options. Steel was applied from the material database for all the components in the assembly. Connections were defined so as to make the assembly a rigid structure by defining the locations and this creates an effect of holding both the beams by means of bolts. Fixtures create an effect of holding the beam as required and are done at the either ends. Loads in terms of Newton were applied on to the points which were defined at phase 2. Mesh size was defined for the entire assembly and this inturn divides the geometry and several nodes are created for analysis. Finally the meshed model will provide us the study report, Von-misses stress, Factor of safety and Displacement of all the four cross-sections are obtained. Possible mistakes in simulation: It is up to the safety engineer in order to take extreme care before the analysis is performed so as to avoid the failure or inaccurate results during or before the simulation is actually performed. Mistakes should be avoided to the maximum extent while conducting simulation, as this might deviate the results and are not practical in nature and hence lead to misinterpretation. Some of them are listed below. Applying the material: This result in wrong stress and strain plots, displacement plots, Factor of safety, this inturn results in wrong load path distribution. Defining boundary conditions: Defining boundary conditions is crucial in terms of accurate results. Loadings should be done as per the real situation and unwanted assumptions have to be avoided. Generating mesh: Applying mesh is one of the important criteria as this procedure being the base on which the elements of the member or the beam is divided into several millions of individual pieces and are analyzed by applying degrees of freedom. Mesh size: Mesh size is important in order the material/component to take the load conditions. Larger mesh could result in small deflection and results may not be practical in nature. Clamping face: Wrong clamping face in simulation would completely alter the end result and this leads in wrong interpretation of the results obtained from the stress plot, displacement plots and Factor of safety. Mesh sizes and types: Solid works simulation currently includes solid continuum elements, curved surface shell elements (thin and thick) and truss and frame line elements. The shells are triangular with three vertex nodes or three vertex and three mid-edge nodes. Solids are tetrahedral with four vertex nodes or four vertex and six mid-edge nodes. They use linear and quadratic interpolation for the solution based on whether they have two or three nodes on an edge. The linear elements are also called simplex elements because their number of vertices is one more than the dimension of the space. The size of each element indicates a region where the solution is approximated by a spatial polynomial. Most finite element systems, including SW Simulation, use linear or quadratic complete polynomials in each element. You can tell by inspection which is being used by looking at an element edge. If that line has two nodes the polynomial is linear. If it has three nodes then the polynomial is quadratic. When the model is set for simulation, the program sub-divides the model into many tetrahedral small elements, these small points share a common point called as NODE. Below shows the small element where a common node is shared by curves, lines and edges. Difference between hand calculation and simulation: Few difference do exists between theoretical and hand calculations. Hand calculations: Hand calculations are often called as theoretical calculations, because of the fact that it does not take into consideration of several constrains could not be defined as we could do it in simulations. Material cannot be assigned in hand calculations. Mesh cannot be created for better and accurate result. Deflection, stress plot, displacement plots could not be visualized in hand calculations. Several assumptions might be required and thereby accounts in the deviation of the result from that of simulation. Hand calculations are based on the available formulae like from the design data hand book and are not different compared to simulation results. Result analysis like the animation of the result and high stress regions could not be obtained from hand calculations. Changes in boundary conditions would require repeating the procedure in hand calculations and time consuming process. Conclusion: Study of 3D-Finite element analysis of beam design assembly, address the capabilities of simulation. The idea of using the presented methods and techniques helps in optimizing the product before manufactured. This helps an industry in being changing their design at this stage based on the results obtained from simulation. Simple to complex parts/assemblies are simulated by this method, by defining several boundary conditions. The advancement in FEA area is vast, and has the capabilities of creating an environment of real time engineering situation and much finer results could also be obtained, as it provides options for finer mesh and hence more accurate the results. Finally this method of optimizing or validating the product at the initial level before design is done, has its own advantages, whilst it is worth understanding the customers requirement along with understanding the basic concepts of FEA makes a worth effort towards any engineering problem. Hence I strongly suggest for any organization to follow the process of FEA and get the full benefit of the same, as they could save time in the process of optimization of the product. References: Class tutorial. S Timo shenko and D H young. 5th Edition. Elements of strength of materials. Strength of materials by Bela I. Sandor. Solid works study material. Strength of materials by Ferdinand L. Singer and Andrew Pytel, 3rd Edition Strength of materials by Surya Patnaik and Dale Hopkins, Title: A new unified theory for the 21st century.

Deceit and Dishonesty in Charlotte Brontes Jane Eyre Essay -- Jane Ey

Jane Eyre:   The Theme of Deceit and Dishonesty "'The marriage can not go on: I declare the existence of an impediment'" (306).  Ã‚   Jane Eyre, by Charlotte Bronte, is the story of an orphaned girl who is sent to live at Gateshead Hall with Mrs. Reed and her three cousins, whom Jane doesn't get along with. At the age of ten, Mrs. Reed sends Jane away to Lowood Institution, an all girls' school, where she spends the next eight years of her life. At the age of eighteen, Jane leaves Lowood and accepts the position as governess at Thornfield Hall. Mr. Rochester, the owner of Thornfield Hall, and Jane fall madly in love and plan to get married, but little does Jane know, Mr. Rochester has a terrible secret that could ruin Jane's life. Throughout the novel, the theme of deceit and dishonesty results in unhappiness and suffering not only to those being lied to, but also to those people perpetuating the untruths. In the beginning of Jane Eyre, Mrs. Reed tells the owner of Lowood Institution, Mr. Brocklehurst, that Jane has, "'a bad character, a deceitful disposition; and to let everybody at Lowood know what [she] is, and what [she] has done'" (34). Jane already despises Mrs. Reed for treating her so poorly, but now she is infuriated. If Mr. Brocklehurst describes Jane as Mrs. Reed instructs him to do, Jane will never make friends at Lowood because all of the children will fear her. Jane battles back by saying to her aunt, "'I am glad you are no relation of mine. I will never call you aunt again as long as I live. I will never come to see you when I am grown up; and if any one asks me how I liked you, and how you treated me, I will say the very thought of you makes me sick, and that you treated me with miserable cruelty'" (33). Jane... ...ugh in the end Jane and Mr. Rochester do get married, Jane is an emotionally battered character who has to look deep inside of herself to do what is best for her. This happens to people every day. They are hurt by dishonesty and deceitfulness. It can ruin their lives unless they make the commitment to be honest with themselves and those around them. Bibliography Fraser, Rebecca. The Brontes. 1st ed. New York: Crown Publishers, 1988. Bronte, Charlotte. Jane Eyre. 3rd ed. New York: The Modern Library. Bronte, Charlotte. "Charlotte Bronte's Letters". New York: W. W. Norton & Company, Inc., 1971. Diedrick, James.   Newman on the Gentleman. http://www.stg.brown.edu/projects/hypertext/landow/victorian/vn/victor10.html. Diedrick, James.   Jane Eyre and A Vindication   of the Rights of Woman. http://spider.albion.edu/fac/engl/diedrick/jeyre1.htm.

A Search for Global Software IP Rights :: Global Software Computers Essays

A Search for Global Software IP Rights Disclaimer An Engineer wrote this paper. Given the vast topics of Computer Ethics, Software IP, Copyrights and Globalization, this paper was sensibly limited to arguing a position. However, an engineer realizes solutions, which may take time to develop. So even arguing a position can be risky, with a deadline and not knowing much about the topic or methods. Normally, I would write a position to announce a discovery or answer a question or make an assessment on was done or is doable. So I find myself, at square one, not imagining a toy scope for this paper. My search is daunting, uncertain and uncomfortable because there is little time to understand or cover all of the topics or for making discoveries. How much I long to discover something. Most people do not expect to take risks, particularly on subjects that are outside their expertise. It is a shame. Why expect more? I think that engineers may have something to offer. They expect to face unknowns and reach some, and indeed not all conclusion s. So if possible, I want to contribute something to this field of software IP rights, however small but real. Lessons From Mishaps Capability and willingness that engineers possess will not always (or often) lead to good solutions. Mistakes are made, critical flaws missed, etc. Some problems go unsolved for centuries. A paper on â€Å"Paramedic Ethics †¦Ã¢â‚¬  by W. R. Collins and K. W. Miller, recommends evaluating all pairs of interests in a problem.[1] So for x interests, the effort will scale on the Order of x2, which clearly is impractical. Even with this low complexity, it would take 2 months for someone to work 10 minutes on each pair formed from 100 interests. But this is old news. Superscalar design failed at the same thing when attempting to issue more than 4 instructions at a time. Sorting through instructions to find those for issuing requires the same sort of analysis of all pairs (of instructions in a window). However, by offering a method for ethical analysis, the authors indirectly enable us to learn a few things, one, that Uses Cases give order to the interests of an ethical problem, two , that Use Cases do not solve complexity and three, that it is critical to minimize the number of interests that will produce a correct solution. Getting Lost As you can tell, I’m fairly off track from the topic.

The Use of Metaphors, Repetition of Words and Biblical References in Obama’s Speech of Inauguration Based on “Analyzing Political Discourses” Theory and Practice by Paul Chilton

The use of metaphors, repetition of words and biblical references in Obama’s speech of inauguration based on â€Å"Analyzing Political Discourses† Theory and Practice by Paul Chilton Number of Words: 2589 Introduction: Political discourses are made to impress, persuade and to underline ideas to change a country. Politicians use specialized writers to write for them their discourses or use a lot of time to write one, as political discourses are important for the future outcome. For example: To be voted by the people or explain bad situation on an adequate way so that the people don’t offended.To achieve this goal, several methods are used. But in this essay I will focus on metaphors, the repetition of specified words and the use of Biblical references, using methods given by Paul Chilton in his book â€Å"Analyzing Political Discourse, Theory and Practice†. As experimental territory I used the inaugural speech of Barrack Obama, which he used for his first c andidature to become the president of the United States of America. The Speech by Barrack Obama can be found in the Appendix. My goal is not only to see what and how he used the methods but also what goal he tried to achieve.It is important to have some background information and what the people thought of him. As for America and other parts in the world, Obama stands for a new ideology, he promises America better healthcare, the end of the War and solutions to many problems, always emphasizing that this goal can only achieved as a team/nation but does he succeed to give us this image? What tricks did he use? What is a metaphor? Metaphors are used in political discourses to replace words that the audience doesn’t want to hear or could react badly. But what is a metaphor?In literary use, a metaphor (from the Greek: metapherin rhetorical trope)[1] is defined as an indirect comparison between two or more subjects that are typically linked by a â€Å"is a† to join the two subjects. As an example we can take following sentence: † This Man is a beast â€Å". This is an elliptical form to emphasize the sentence that the Man is like a beast. Paul Chilton is the opinion that, Metaphors, qua models of political realities, as he calls them, are part of political discourses of today and used as vehicles to bring an opinion to a target. [2] We realize now that all of us speak in metaphors whether we realize it or not.For example Mark Johnson, a philosopher, suggests that metaphors not only make our thoughts more vivid and interesting but that they actually structure and individualize our perceptions and understanding such that each person has a different understanding and thoughts about a common subject. [3] Metaphor is for many people a device of poetic and rhetorical imagination and development rather than the ordinary language, which is wrong as proven above. Metaphor analysis in Barrack Obama’s Speech: In the following points I will reveal s everal metaphors Obama used and will try to reveal why he used them.But also the Biblical references used as a metaphor, or as a bridge to transfer his Ideas. 1. CHANGE IS A MOVEMENT Citation out of the Speech: 1) â€Å"Forty-four Americans have now taken the presidential oath. The words have been spoken during rising tides of prosperity and the still waters of peace. â€Å" 2) â€Å"The question we ask today is not whether our government is too big or too small, but whether it works – whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified. Where the answer is yes, we intend to move forward. Where the answer is no, programs will end. †In the first citation â€Å"rising tides† and â€Å"still waters† are used as source domains, whereas the target domain is the word â€Å"prosperity† and â€Å"peace†. As it can be seen in the phrases: â€Å"rising tides of prosperity† and â€Å"the still waters of peace† here, the movement is a change of location (rising) or a stationary moment (still). If it involves a movement as change of location, it can be associated with the words: forward, backward, upward, downward, etc†¦ so different directions and movements. The â€Å"rising tide of prosperity† can be seen as a state of prosperity that has moved and is changing, while peace has still not changed.This movement of which Obama is talking about can also be seen as a: flow of natural force (â€Å"the rising tides†) and substance (â€Å"still waters†). In the metaphorical expression in citation 2) the part which acts as source is the phrase â€Å"We intend to move forward† and â€Å"programs will end† where Obama is talking about the ideas of the US-government to provide jobs and a better social warranty. [4] In both metaphorical expressions, I think Obama wants to tell us that all presidents of America had taken the presidenti al oath to develop America.All of their effort had the aim of raising economic development and prosperity and that all of these can only be achieved as a nation with a strong political support from the people. So, the â€Å"WE† as a nation, which he uses a lot in his speeches. 2. POLITIC IS A JOURNEY 1) This is the journey we continue today. We remain the most prosperous, powerful nation on Earth. 2) Our journey has never been one of short cuts or settling for less. It has not been the path for the faint-hearted – for those who prefer leisure to work, or seek only the pleasures of riches and fame.Rather, it has been the risk-takers, the doers, the makers of things – some celebrated but more often men and women obscure in their labor, which have carried us up the long, rugged path towards prosperity and freedom. In the metaphorical expression of the first citation the part which acts as a source domain is the phrase: â€Å"This is the journey we continue todayâ €  whereas the focus of the citation is the American Political life. By saying the sentence â€Å"This is the journey we continue today† gave me the impression that the American people are compared to travelers having a journey to a certain destination.Even though we know that politics is no journey as such but can be seen as such in a metaphorical way. In the metaphorical expression of the second citation the part that interacts as source is the phrase â€Å"Our journey has never been one of short-cuts or settling for less. It has not been the path for the faint-hearted† whereas the target is also the American political life, like in the first citation with another connotation but keeping the idea of a journey in mind. We can see that in both citations have the same idea of a journey which is given to the audience.The idea behind is that the audiences who are involved in political life are like travelers on a journey, with their common need in life seen as the goal of this journey. The political activities and relation is their vehicle used to reach the goal of common interest. [5] 3. BIBLICAL REFERANCES AS A LIFESTYLE The citations I used here are taken again in a separate chapter using the theoretical rapprochement given by Paul Chilton in part III chapter 10. 1)â€Å"We remain a young nation, but, in the words of Scripture, the time has come to set aside childish things. † 2) â€Å"Love is patient, love is kind.It does not envy, it does not boast, it is not proud. It is not rude, it is not self-seeking, it is not easily angered, it keeps no record of wrongs. Love does not delight in evil but rejoices with the truth. It always protects, always trusts, always hopes, and always perseveres. Love never fails. † In the 1st citation the source domain given is the phrase â€Å"time has come to set aside childish things† where he targets the lifestyle of the Americans. It gives the impression that the fights they had about poli tical problems are childish and that they should focus to strive a common goal.In the second citation he uses the same idea, again using a citation out of a religious text using as source domain â€Å"Love is patient, love is kind. It does not envy, it does not boast, it is not proud. It is not rude, it is not self-seeking† like before the target is the lifestyle of the Americans which Obama criticizes. It is clear that through these citations Obama tries to reason the population quoting biblical references. Comparing America with childhood and telling them that through love only, again the idea of working together, all goals can be achieved.I wont go deeper into this comparison as I will come back to it later on in the text. Frequency of words: To see what words Obama used in his speech frequently and how many times we had to know how many words are in his whole speech, which lies around 2403 words. As such I was able to give the percentage of the most used words. The word O bama laid the most emphasizes is â€Å"WE† which he used 62 times, which can be understood as his speech is about working together as a nation and is also a word used in his slogan: â€Å"Yes WE can†. Other words he used frequently are:[6] KeywordRepeatsDensity Nation 12 0,50 New 11 0,46America 9 0,37 Today 7 0,29 People 7 0,29 The repetition of these words sticks with the listeners as such the listener will always remember this words and will combine them with the discourse of Obama. As for mind manipulation it is the repetition that stays in our mind. [7]When we are learning or looking at advertisements or when we are learning a song, we always repeat them until we know them by heart. In the case of marketing the advertisements are kept easy and shown more than one so that they stick in our minds and when we have to choose between two product we will chose the one we â€Å"know† or that we can remember of.The same is in political discourses. The more often it is repeated the more we will remember them and believe them. In Obama’s case using the words Nation, New etc†¦ he tries to underline the idea of freshness in the United States and that it can only work as a NATION. As all presidents the repetition of AMERICA, motivates the American listeners and they feel directly talked to, strengthening also the bond between the people and the nation. Paul Chilton underlines in his book that discourses often use a container concept, which is created by the words used.This container ideology is divided in three structures: in interior and a exterior which are defined by a boundary which are formed in political discourses to a container- nation with political borders given by the speech. As such it is able for politicians to give the fault to others, outside of the container while securing the interior of the container. Analysis of Biblical references Apparently it is customary in American political discourse to employ biblical language[ 8], which is an inherent part of the old American public way of speaking.However, given that Obama is a non-traditional and liberal candidate for president,[9] it is even more interesting to analyze the biblical references he used and give possible explanations why used following citations for his speech. â€Å"We remain a young nation, but, in the words of Scripture, the time has come to set aside childish things. † Obama quoted here, the New Testament, 1 Corinthians 13:11, dealing with St. Paul’s letter to the church in Corinth.The goal he tried to achieve of this particular example is to also aims at the Muslim, Jewish, Hindu and non-believing Americans, to include them too into the speech, for it is a text that is usually read at wedding ceremonies and is not specified to one religion specifically, as it speaks about true love in the following manner: â€Å"Love is patient, love is kind. It does not envy, it does not boast, it is not proud. It is not rude, it is n ot self-seeking, it is not easily angered, it keeps no record of wrongs. Love does not delight in evil but rejoices with the truth. It always protects, always trusts, always hopes an always perseveres.Love never fails. † (1 Corinthians, 13:4) â€Å"When I was a child, I talked like a child, I thought like a child, I reasoned like a child. When I became a man, I put childish ways behind me. Now we see but a poor reflection as in a mirror; then we shall see face to face. Now I know in part; then I shall know fully, even as I am fully known. And now these three remain: faith, hope and love. But the greatest of these is love. † (1 Corinthians, 13:11) These Letters were written by St. Paul to the church in Corinth in the times of internal struggles and divisions in the church, and when the church was hreatened by immoral influences surrounding the community. St. Paul’s letter was a letter of criticism and implorement to the Corinthians to stop the arguing and fighting around different problems and embrace, what he called, the most important virtue: love. [10] The choice of this particular biblical reference could be perceived as Obama’s attempt to spread the ideology of love â€Å"loving thy neighbor† so that the American people can embrace a notion of racial inclusiveness and ideological diversity, necessary in the time of economic and international crises.Again we can find the idea of a â€Å"WE†. Conclusion: It is now obvious that Paul Chilton theory can be applied. We can see that it is the play together of the different methods and many more make a discourse unique and manipulative. But it is important to know in which context the discourse has been written as the context can change the words, emotions and message in a political discourse. In Obama’s speech we can find the concept of pragmatism, liberalism, inclusiveness, acceptance of religious and ethnic diversity and unity. As such the result of keywords of hi s run for presidency.This is shown by the prominent words employed by Obama: nation, new and America, and a overall dominance of the personal pronoun We understood as necessary in the time of national peril†¦ The results of the biblical references, which Paul Chilton explains as â€Å"only† way to motivate and capture America’s population, have shown that Obama’s choice of citations (quoting the Corinthians) was to strengthen the notion of unity and brotherly love among the various members of the American diverse society. As such we can see that his methods were well used and can be found by the methods of Paul Chilton.Obama stands for his candidature through his speech and ideology, world wide as a new wind for America that will rebuild and strengthen the country. And we have to remember that Obama is the first president that has been accepted as young and black person as president. Sources Primary source: Analyzing Political Discourse, Theory and Practice , Paul Chilton, Routledge, 2004 Bibliography: – Article Discourse Society January 1993 vol. 4 no. 1 7-31 : Metaphor in Political Discourse: The Case of the `Common European House' by Paul Chilton and Mikhail Ilyin Moral Imagination: Implications of Cognitive Science for Ethics, University of Chicago, 1993. Secondary Sources: – University of Louisville, Article by Judith D. Fischer: http://www. law. louisville. edu/node/2720 – Online Document, Critical Discourse Analysis by Juraj Harvath: https://docs. google. com/viewer? a=v=cache:j-4vhWbO6a8J:www. pulib. sk/elpub2/FF/Ferencik2/pdf_doc/6. pdf+=de=lu=bl=ADGEESgDn7GSv6cJcZ6acGq5vk-rpp0mNE_qyGy5vUUCMEdg4d1M9efiWLiSgl3CRzYChNf3gQkZQ-saUZib0C5oBU-XVpDkee3pDul94RL3VlIR6nWc4j-OIJTNBkD9oZuSmxh4ybhM=AHIEtbRfcX_PIha4KZfnvwVFTzxPnRNSDA – Obama, the Lion in Winter: ttp://www. exec-comms. com/blog/2009/01/20/obama-the-lion-in-winter/ -5 Speechwriting Lessons from Obama’s Inaugural Speech by Andrew Dlugan: http: //sixminutes. dlugan. com/inauguration-speech-analysis-barack-obama-inaugural/ – Online Document: A Critical Discourse Analysis of Barack Obama’s Speeches By Junling Wang: https://docs. google. com/viewer? a=v=cache:HzMPBXpzbW8J:ojs. academypublisher. com/index. php/jltr/article/download/0103254261/1807+=de=lu=bl=ADGEEShaYaCyse11UxuFQk1KY0Zb0oOh15Ng1vgnuIdLSpdkL4Ia5nqoDh1DV-aO46J-bKQV9Fyfc3mz1MrZ5VTIrAnm85bmHXzt4cJZgNLYXFeuExE4wl1-SjUvUuEWd78WR0jiI5aV=AHIEtbT3Yd_sOMwtzg1_LtcSsaQh2FbYGw – Wikipedia article about metaphors: http://en. wikipedia. org/wiki/Metaphor visited on 21 November 2012 – St Paul’s Letters: http://biblescripture. net/1Corinthians. html Apendix: The whole speech of Obama can be found on BBC: http://news. bbc. co. uk/2/hi/americas/obama_inauguration/7840646. stm ———————– [1] http://en. wikipedia. org/wiki/Metaphor, visited on 21 November 2012 [2] Paul Chilton, Analyzing politi cal discourses, Page 49 [3] Moral Imagination: Implications of Cognitive Science for Ethics, University of Chicago, 1993. 4] Obama, the Lion in Winter: http://www. exec-comms. com/blog/2009/01/20/obama-the-lion-in-winter/ [5] Paul Chilton, Analyzing political discourses, Page 51 [6] Statistics taken out of: Critical discourse analysis by Juraj Harvath (controlled by myself again) [7] A Critical Discourse Analysis of Barack Obama’s Speeches By Junling Wang [8] Paul Chilton, Analyzing political discourses, Page 174 [9] Obama, the Lion in Winter: http://www. exec-comms. com/blog/2009/01/20/obama-the-lion-in-winter/ [10] St Paul’s Letters: http://biblescripture. net/1Corinthians. html