Tears Idle Tears Essay Example for Free

Tears Idle Tears Essay Tears, Idle Tears is from the The Princess published in 1847. The poem was set in a fairy tale realm discussing women’s rights in education. The poem has interludes of songs or lyrics that were so acclaimed that they were seen as independent from the original Princess. Tears is one of those songs. The song begins with someone crying but not knowing ‘what they mean’ by crying. The person is crying from somewhere deep inside, a ‘divine despair. ’ Emotionally charged tears that are yet to have a cause. Throughout the song Tennyson speaks of ‘days that are no more’ speaking of a time that was happy and now all that is left is a depressed reflection. He begins with ‘happy Autumn fields’ reminiscing on the memories that were once of spring and growth and now all that is left in the field is emptiness. The song was written while Tennyson was in Titern Abbey in autumn, where the area held the burial place of his friend, Hallem. So perhaps the tears are from some underlying emotion for the death of his friend. This can be proven in the next line â€Å"Fresh as the first beam glittering on a sail, that brings our friends up from the underworld,† the line referring to the underworld in which the boatman ferries the dead to Hades. The third stanza refers to a man dying in the ‘earliest pipe of half-awaken’d birds. ’ It is an interesting contrast that as a new day dawns an old life ends, even more so that the last thing the man hears is the soft hymn of the morning birds. A gentle way to approach death as Tennyson would have wanted for his friends. In the final stanza Tennyson continues his somber teary remarks as in the first stanza where he now mentions: Dear as remember’d kisses after death And sweet as those by hopeless fancy feign’d On lips that are for other; deep as love, Deep as first love, and wild with all regret; O Death in Life, that days that are no more. The speaker is wild with regret in concern for the days lost with his friends that were the ‘Death in Life’ as he experienced loved ones dying and coping with the emotions that come and go as in the first stanza when ‘idle tears’ form. He does not know why he cries but subconsciously he is aware that it is because of death. The final line eclipses the subjective meaning in each stanza that the memories and happiness he had once felt are in ‘the days that are no more. ’

Why Do Financial Markets And Financial Intermediaries Exist Finance Essay

Why Do Financial Markets And Financial Intermediaries Exist Finance Essay As a branch of economics, finance has its own research method, and mainly studies financial sector in a national economy. Content of finance can be summarised as currency issue and return; deposit absorb and withdraw; loan disburse and collection; gold, silver and foreign exchange trading; securities issue and transfer; insurance; trusts; domestic and international monetary settlement and other economic activities. (John, G. Edward, S. 1960) In short, finance is the activity about funds allocation. The place which people engaged in financial activities and funds to flow in was called financial marketing. Although it is not perfect, it relate to a broad area and range of economics. Finance can be divided into two forms, which are direct finance and indirect finance. The difference between these two forms is that whether financial intermediaries get involved. Financial intermediaries are people or institutions which play the roles of intermediary are people or institutions which play the roles of intermediary or bridge between capital supplier and borrower in financial markets. However, to analysis and explain what is the role of financial market and financial intermediaries and why exist, are the main purpose of this essay. Main body 1. What is financial market. Financial markets are the markets where capital providers and capital demanders transaction through the credit instruments. Broadly speaking, financial markets are the markets can achieve monetary loans and funds allocate, deal with trading of a variety of instruments and securities. More complete definition of the financial markets is: financial markets are organisations which can trading financial assets and determine the prices of financial assets. 2. The introduction to financial market. The component of financial markets are very complicated, it is a large system which was composed of many different markets. Whereas, generally based on the trading tools period in financial markets, financial markets can be divided in money market and capital market. Money markets are the places that for trading short-term debt securities and capital markets are the places that for trading medium or long-term securities. Financial markets also can be classified according to several different features they present: 1) Type of asset traded. There are two kind of financial securities deal by financial markets, one is bonds which issued by government, banks or corporations and another one is equity shares which by government or any kind of public company. 2) The means of settlement include cash market and forward market. Cash market, the place for people to decide of price and settlement all take place today. Forward market, for people to agree price on today, and settlement takes place sometime in the future. 3) The obligation to exchange. The buyers have to pay the price which been settled before for asset on the particular date in the future market. The buyers have right to decided whether to buy asset on the date and at the price agreed in the past. 4) The organisational structure of the market. By this way, financial markets can be divided into regulated markets and over the counter market. In regul ated markets, the buyer and seller of each transaction have to enter a contract in exchange such as clearing house; the contract is represented by the clearing house. In an over the counter market, there is no clearing house and dealers just trade between themselves. 5) The method of sale or pricing. Account to this feature, financial market can be classified into market makers and dealers market. 6) The nature of transaction. In accordance with whether the assets traded are newly issued or already issued, financial market be plotted out in two parts, primary market and secondary market. Primary market is the issue of new securities market and secondary market is already issued, in circulation in the securities trading market. Financial markets have direct and significant impact in all aspects of economic activities. Such as individual wealth, enterprise management, and the efficiency of economic operation are all directly dependent on the activities of financial market. 3. What is financial intermediation. Financial intermediaries are the units of economy that absorb money from economic agents with a surplus fund and transfer it to economic agents with a deficit and provide various kinds of financial services. The main functions of financial intermediaries are credit creation, settlement of payment, the distribution of resources, information provided and risk management. 4. The introduction to financial intermediaries. As the medium of capital supplier and capital requester during the process of financial intermediary in the financial market. It has been divided into two parts by John Gurley and Edward Shaw. (1960) They are monetary system and non-monetary intermediaries. As the role of intermediary, monetary system ¿Ã‚ ½Ã‚ ¿Ã‚ ½s main function is purchase primary securities and the creation of money. Non-monetary intermediaries perform only the purchase primary securities and the creation of monetary claims on their intermediary role. This kind of claim is about the form of savings deposit, shares, common stock and other form of funds. There are five main categories of financial intermediaries, deposit institutions, insurance companies, mutual funds or unit trusts, investment companies or investment trusts and pension funds. These five main categories of financial intermediaries carry out the intermediation function according to different methods. 1) Deposit institutions which with the main types like commercial banks, savings institutions and building societies, can take deposits from units in economic agents with a surplus fund and lend the money gathered to economic agents in deficit. 2) Insurance companies are non-deposit institutions which can gathering funds from insurance applicant and invest them in the capital markets. 3) Mutual funds in US or Unit trusts in UK are non-deposit financial institutions; they invest in the equity and bond markets use the money that get by rising from the public. 4) Investment companies in US and investment trusts in US are publicly quoted firms that invest in financial securit ies. They put the funds from individual investors together and invest them amount a number of securities or other assets. 5) Pension funds. A pension fund is an asset pool that employees put their money in during the non-working years when employees retired. Funds always gathered by employers and handed over to pension funds. In the modern market economy, financial activities were closely with the economic operation. However, almost all the financial activities treat financial intermediaries as the center. That is why financial intermediaries play an important role in economic activities. 5. Why financial markets and financial intermediaries exist. Both financial markets and financial intermediaries can facilitate the transfer of funds from surplus to deficit units. The reason why borrowers and lenders have a need for financial markets is that financial marks have two functions, pricing function and discipline function. Financial markets can provide both buyers and sellers a fair evaluation of the assets they are buying or selling. Pricing function can avoid traders been deceived into trading or investing. Financial markets are controlled by it can help financial markets to stop issuers of securities (borrowers) doing the activities which been considered that harmful to the value of their assets. Although financial markets such securities are bought and sold, it sometimes cannot guarantee that to transfer enough capital from lenders to borrowers. Because of two clearly barriers can be identified to the direct finance process. First one is difficulty and expense of matching the complex needs of individual lenders and borrows. Second one is the financial need of lenders and borrowers are complete incompatible. Lenders require to have minimisation of risk and costs, maximisation of returns and translate financial claim into cash with the value more than or equals to capital value itself. Whereas borrowers hope the cost of funds at a particular for a period of time can be lowest. In order to deal with these problems, financial markets need financial intermediaries exist. Size transformation, maturity transformation, risk transformation, liquidity provision, costs reduction and provision of a payments system are six main functions that can help financial intermediaries to be as a bridge links borrowers and lenders easier. The explanation of those six functions will be displayed below. A) Transform the size. Because amount of the deposit which saved by depositor a small than amount of loans required by borrowers. It will be difficult for lenders to pool their money together. However, financial intermediaries can collect small amount of money and put them together to lend to people who need large amount of money. B) Maturity transformation. Most depositors prefer putting their money in short-term for safety, but borrowers generally need long-term loans for their business. Financial intermediaries can satisfy both savers and lenders by working capital. C) Risk tr ansformation. Financial intermediaries would like to take the risks if can be offered some compensation. It ensures the implementation of many risky (but profitable) projects. Because savers not willing to take great risk when they investing money but borrowers choose to borrow money when doing risk projects. D) Liquidity provision. Cash have liquidity because of saving or withdraw by depositors; it is not safe for lenders to hold highly illiquid assets to finance borrowers if financial intermediaries are not exist. E) Costs reduction. Financial intermediaries broaden the choice of the transaction side of trading, increase transaction rate under a given terms of transaction costs. It not only reduces the cost of time spent on the road, but also reduces the contingency transaction and waiting time cost in some extent. Thus, greatly reduce the transaction cost of unit. F) Provision of a payments system. Financial intermediaries provide a payments system for some non-cash payment such as cheques, debit cards and so on. Hans Wijkander (1992) thought that the main reason why financial intermediaries exist is a result of asymmetric information and expensive information products. (Hans 1992) The first category of information asymmetric is compare to other investors entrepreneurs have the information advantage of their investment, and other investors have to spend some resources for access to information. Another type of asymmetric information is about the profit which already gets by investment project. Entrepreneurs can as well as other investors have to spend time and money in order to know it. Information production on technically have professional features. It makes some individuals may become agents of other investors, is product information and obtain benefit. Therefore, this arrangement have some problem which is how can investors ensure that their agents have done their best to pass on their information. When these agents become financial intermediaries, the problem of asymmetric information ca n be solved. Financial intermediaries can gather money from public investors and invest. Under this contract structure, ethical issues have been solved. (Hans, 1992) In a word, financial markets as an important part of unified market system, can offer securities are bought and sold, and use financial intermediation to achieve the goal of transfer money from economic agents with an extra fund to economic agents with a deficit. In carrying out this function, financial intermediates can help to improve the level of investment and savings. From the lending perspective, financial intermediaries engaged in investment or primary securities investment business, its unit cost can be much lower than most of individual investor ¿Ã‚ ½Ã‚ ¿Ã‚ ½s investment. Only in respect of its asset size, can greatly reduce risk through diversification. Financial intermediaries have a large number of depositors which can guarantee normal payment requirement. Because of the importance of scale economy, assets and liabilities of financial intermediaries are highly specialized. These specializations not only improve their competitiveness, but also help increase their chance of survival. Information economists and transaction cost theorists thought uncertainty and the existence of transaction led to emergence of financial intermediaries, and make them have various functions like reduce transaction costs; eliminate uncertainty and the resulting risk. (Web 1) In the modern market economy, no matter trade of means of consumption or means of production, technical and labour mobility etc., they all have to be achieved by currency transfer and closely with financial markets. In this sense, developments of financial markets have a pivotal role in restricting of the development of the whole market system. Conclusion In conclusion, financial market and financial intermediates exits to guarantee the normal operation of economic activity. Although financial markets and financial intermediaries have very important functions on the healthy development of economic and society, there are some arguments of them. Like the story of  ¿Ã‚ ½Ã‚ ¿Ã‚ ½blind men touching an elephant ¿Ã‚ ½Ã‚ ¿Ã‚ ½, someone sees a part of the world, and overstate it, believes that he is the only correct one. In the financial markets, this kind of argument happens every day. Lot of people make decision just based on the information they have exposure to and does not consider the information from other angles. After subprime mortgage crisis, former chairman of the Federal Reserve Alan Greenspan said that  ¿Ã‚ ½Ã‚ ¿Ã‚ ½we have done the best, but you cannot believe that we know everything and never make mistakes ¿Ã‚ ½Ã‚ ¿Ã‚ ½forecasting cannot always 100% accurate. ¿Ã‚ ½Ã‚ ¿Ã‚ ½(Gao mu, 2009) It is can be seen that though th e people wisdom as the characters Greenspan, they make mistake in the view of financial markets. This shows that financial markets are difficult to mastery. To find out a way to forecast financial markets and avoid crisis can be an issue for the whole financial systems.

The economic problems faced by Bangladesh

The economic problems faced by Bangladesh INTRODUCTION First of all, I would like to thank my lecturer Ms Oh whom guides me to do the assignment. I had done two questions from this assignment. First question is about slow economic growth and second question is private sector. From this assignment I will what the current economic growth in Bangladesh and what is private sector plus the elements. However, this demographic is fast changing and Bangladesh is seeing the growth of huge metropolises. Furthermore, private sectors consist of various type of business corporate such private limited companies, sole proprietorship, partnership, corporation, conglomerates and so on. Some businesses, especially extraction and manufacturing but also others, have a significant impact on the environment. You are required to identify a country which you think is experiencing slow Economic Growth. What are the economic problems of the particular country facing? Bangladesh is officially known as The Peoples Republic Of Bangladesh which is shown in the (appendix 1). It is a rural nation state with most people living outside of the urban areas. Dhaka, the capital, is one of the largest cities in the world; with a population over 10 million. The unit of currency used by the country is the Taka (BDT). Their foremost industries are jute, sugar, paper, textiles, fertilizers, cigarette, cement, steel, natural gas, oil-refinery, newsprint, power generation, rayon, matches, fishing and food processing, leather, soap, carpet, timber, ship-building, telephone, and so on. Agriculture generates about one third of GDP, provides work of over 60% of the labor force and accounts for about half the value of export earnings. The services segment accounts for about 52% of value added, agriculture 31% and Industry 17%. Bangladesh import more than it exports. Aid and remittances from external works finance the external deficit. Exports of garments have enlarged s ignificantly in recent years, but import growth has sustained unabated. Bangladesh has rare proven mineral resources, except deposit of enormous natural gas (Wiziq, 2009) . 2.0 SLOW ECONOMIC GROWTH OF BANGLADESH Bangladesh is one of the unfortunate countries of the world with a per capita income of US $ 300. Bangladeshs economy has grown by over 4.5 per year in factual terms since the middle of 1970s. With residents growth of around 2% annually per capital incomes has risen by 2.5% per year. Also employment has been not capable to keep up with increase in the labor force. Poverty continuous to be widespread, with extra than 50% of the population estimated to be living below the poverty line. Its people have a life expectation of 58 years. Mortality rate of the children under 5 in Bangladesh is one of the premiers in the world. About 60 percent of the children experience moderate to severe malnutrition and the societies in general suffer from endemic health problems. Approximately 53 percent of the population is illiterate. The major economic problems which faced by the Bangladesh are inflation, price stability, stability of democratic institution, level of socioeconomic development, low unem ployment of resources, economic performance and so on. There is an economic indicator in (Appendix 2) 2.1 TROUBLE FACING BY BANGLADESH Inflation Higher price of products in international market happens from previous two or three years. The following are the explanations for higher price of products as well as decreasing the purchasing power of general people. Destructive activities of dishonest syndicates of the period of union (BNP-Jamat) government. Other than that, the investors are not financing in the country and showing signal that production will decrease in near future. For this reason, businessmen are not selling their products, storing products and creating scarcity of products to earn more money. For example, Production of rice is not as much as their expectation. Furthermore, Businessmen are not interested to import rice from abroad by investing a huge amount of money for the luck of confidence on caretaker government. Foundations are following the primitive institutional structure because care taker government has not taken any positive initiative to restructure institutional structures. Price of products has enl arged for the hindrance of supply. So, people are facing the problem of inflation. Currency and Price Stability The government has endeavored to control inflation. Since the 1990s the average inflation rate has been about 5.6%, remarkably low related to the second half of the 1980s, when the rate was about 8%. Inflation averaged 7.2% in fiscal year 2007, primarily due to rises in both food and nonfood prices. Among the main sources were domestic demand pressures, fed by higher incomes and strong monetary and credit evolution. However, after June of the same year, escalating international commodity prices, especially for food, were dominant, driving inflation to 11.4% (year on year) in January 2008. Near the end of fiscal year 2008 food prices diluted, thus allowing point-to-point inflation to drop to 7.5% percent in May. The exchange rate remained stable, but progression in monetary aggregates has started to increase. Available reports show that money growth fell in mid-fiscal year 2008, but subsequently picked up again, with broad and replacement money growth exceeding 17% in May 2008. The government has developed a culture of stability that is intensely supported by the international donor community. But because of the volatility of the political process, there are hardly any institutional safeguards that would strengthen a free culture of stability. Stability of Democratic Institutions In principle, democratic institutions perform their functions. But the absence of a governmental culture of tolerance and compromise has prevented the proper functioning of democratic institutions. A key essential impediment to the institutionalization of democracy is the concentration of power, whether in the hands of one or two party leaders, in the case of parties, or one or two offices such as the prime ministers office for the state apparatus. In addition, political interference, patronage networks and widespread exploitation have weakened the foundations of these institutions. The major political parties and civic associations accept democratic establishments as the legitimate political order. The main potential veto players are radical Islamist groups and parties that want to replace the democratic system with an Islamic state. The army, as an institution, has accepted the management of elected governments thus far, although it wants to further its corporate interests and view s itself as guardian of the state. A latent tension between the civil political societies and the military exists. This cause instability of democratic institution. (Infoplease, 2009) Level of Socioeconomic Development In the face of an uninterrupted period of high growth in recent years, socioeconomic development has not been an unambiguous boon for the majority of the residents. According to the most recent figures, 40.0% of the population lives under the poverty line. UNDP figures indicate that 41.3% of the population lives on less than $1 a day, with 84.0% living on less than $2 a day. Female economic doings accounts for 52.7% of the economy, but females earn less than half the income of their male counterparts. Rural areas still lack basic health care conveniences and educational institutions. Thirty percent of the total population is still regarded as undernourished. Only 39% of the population had sustainable access to improved sanitation in 2004. Minorities and women are disproportionately affected by structural underdevelopment. Low Unemployment of Resources On the employment side, the overall employment intensity of economic growth, as well as the employment elasticity with respect to GDP growth, is reported to be low and diminishing. With an employment elasticity of 0.495 (during 1990s), and employment growth of 4.4 percent (same as labor force growth), not counting current unemployment and under employment, the country would require a GDP growth of 8.89 percent per year. The lower the elasticity from the observed ones, the higher would have to be the growth rate to absorb the surf. On the other hand, the transformation of the employment configuration has been from agriculture in the direction of the services sectors rather than towards the manufacturing sector. Whatever employment has taken place is mostly in the informal sector; leading to non- formalization of the economy plus labor. It indicates the magnitude of employment tasks that Bangladesh is faced with low employment of resources. (Thedailystar, 2008) Economic Performance Bangladeshs economic performance in fiscal year 2008 showed considerable resilience, although global economic challenges and domestic natural disasters. Two devastating floods and a cyclone, as well as a tidal wave, hit the country in the first half of fiscal year 2008. The combined loss was expected at $2.8 billion, or about 4% of GDP. Yet the countrys economy maintained a performance consistent with earlier years. In the years under review, the momentum for growth sustained and international reserves increased despite severe import pressures. Overall GDP growth rates were high. The GDP growth rate was 6.5% in 2007 2008. Rising inflation, high levels of underemployment, and budget and trade deficits continued the main concerns for the economy. Strong growth in overseas workers remittances has delivered a cushion to the external balance. The economic growth and inspiring gains in several social indicators over the past decade point to Bangladeshs enormous potential. These achievements have been made despite poor governance, an adverse domestic political environment, deficiency of infrastructure and repeated natural calamities. However, these accomplishments cannot be sustained for lengthy if the political leadership fails to address deep-seated problems. There is four issues warrant attention and action. First, a qualitative change in the political culture is required. The acrimonious politics, with utter disregard for national interests, has cost the nation dearly in recent decades. It is evident from the past two years (2007 and 2008) that reforms in major associations, including political parties, can facilitate this transformation. Constant efforts with clear objectives and well-devised strategies can bear results. This effort must be initiated from within, but external support is imperative for its success. Seco ndly, political violence as well as militancy must be addressed comprehensively. The sources of extremism need to be identified and addressed, a task as important in place of confrontation of the militants. Question 2 Explain the various types of business organizations existing in the private sector. A business is an organization designed to afford goods, services, or both to consumers. They are the units that perform most of the economic movement in our economy. Most businesses happen to generate a profit. There are some businesses that exist to perform a function other than profit, such as cooperatives and non-profit organizations. The traditional classification of a business is an entity that brings together time, effort and capital in order to produce a profit. Businesses can either be privately owned or publicly owned by the government. Government usually standardizes business for a variety of purposes. This will include collecting corporate taxes. Also definite business pose a risk to the public and so must be regulated. If they were left unregulated, they could, while carrying out their functions for profit, do permanent harm to the environment. Others, such as drug companies and pharmaceuticals must be regulated so that safety and health standards can be sustained. Drugs must be monitored so that any that begin to cause thoughtful side effects are quickly taken off the market (Wikipedia, 2009) 3.0 PRIVATE SECTOR Private sector encompasses of various businesses owned and managed by one or more private individuals or organizations. These all range from the small business sector, partnerships, limited companies and public limited companies. Individuals can now get government grants or loans to set-up their own corporate. This inspires growth within the small business sector. Balanced interest and expansion of the Internet, e-commerce and computer technology have also seen the growth of the private sector. At the same time, Unifications of companies in the banking and finance world give the opportunity for the company to offer more products to its customers and still be competitive. Furthermore, private sectors consist of various type of business corporate such private limited companies, sole proprietorship, partnership, corporation, conglomerates and so on. An example of Malaysians private organization is Tanjong Private Limited Companies. It is an investment holding company of a group of divis ions involved in power generation, gaming, leisure and property investment. The Companys principal operating and reporting sectors comprise power generation and gaming, which includes the numbers forecast totalisator (NFO) and racing totalisator (RTO) businesses. Its straight subsidiaries are Pan Malaysian Pools Sdn Bhd, Daya Mahsuri Sdn Bhd. 3.1 Private Limited Companies Private limited companies are viewed as firms under the law and share several common characteristics with all corporations. However, private corporations are possessed and operated by a small group of people. Because of their structure, private limited corporations operate in a set of limitations not imposed on public corporations. As a corporation, a private limited company is viewed as a distinct legal entity from the individuals who form the corporation. This provides what is known in the law as limited liability, or a shield for the personalities within a company against liability for obligations incurred by the corporation. A private limited company is comprised by a small assembly, often members of a single family that requirements to limit the influence of outsiders on its company. Because private limited companies are run by a minor group, they are usually not subject to takeovers and other challenges faced by public companies. Unlike public corporations, private limited comp anies may not trade their shares on a stock exchange. They are also barred from offering shares for sale to the general public. Stockholders in a private limited company may not compromise their shares for sale without first offering them to other stockholders within the company for purchase. The number of members allowed within a private limited company is limited by regulation, most often to no more than 50 because they are corporations under the law, private limited companies must pay auditors, hold conferences as other corporations do and share profits among all stockholders. They can be expensive to establish because of the regulations involved (Malaysiaco, 2007) 3.2 Sole Proprietorship A sole proprietorship is a type of business entity that is owned and run by one individual and in which there is no legal dissimilarity between the owner and the business. The owner receives all profits subject to taxation specific to the business and has unlimited accountability for all losses and debts. Every asset of the business is owned by the property owner and all debts of the business are the proprietors. This means that the owner has no less liability than if they were acting as an individual instead of as a business. It is a sole proprietorship in contrast with partnerships. A sole proprietor may use a profession name or business name other than his or her legal name. In many authorities there are rules to enable the true owner of a business name to be ascertained. For example, In the United States there is generally a obligation to file a doing business as statement with the local authorities while in the United Kingdom the proprietors name must be displayed on business st ationery, in business emails and at business premises, and there are additional requirements (Wikipedia, 2009) 3.3 Partnership A partnership is an arrangement where individuals agree to work together in order to improve their interests. In most situations, a partnership that is formed between one or more businesses in which the sole owners co-labor with others to achieve and share profits or losses. Partnerships occur in many occasions regardless the sectors that an individual involves. A non-profit organization, for example, many partners is being organized to increase the chances of achieving their missions. Partnerships will have widely varying results and can present partners with special challenges. Levels of give-and-take, areas of responsibility, lines of authority, and principal goals of the partnership must all be negotiated. While partnerships stand to increase mutual interests and success, some are considered ethically problematic. When a politician, for example, partners with a formation in an organization to advance the businesss interest in exchange for some benefit, a clash of interest may mak e the partnership challenging from the perspective of the community good. Developed countries often strongly standardize certain partnerships via anti-trust laws, so as to prevent dominant practices and temporary free market competition. Among settled countries, business partnerships are often favored over corporations in taxation policy, since dividend taxes only occur on profits before they are distributed near the partners. However, be contingent on the partnership structure and the rule in which it operates, owners of a partnership may be exposed to greater private liability than they would as shareholders of an organization. (Undp, 2009) 3.4 Corporation A corporation is a legal entity that is shaped under the laws of a State designed to establish the entity as a separate legal entity having its own privileges and accountabilities distinct from those of its members. The structure of a corporation is complex. It is more exclusive to organize this type of business compared to the other two business entities. Corporate control lies with the person who has rights of the most shares of stock. If a single stockholder or a group of stockholders own at least 51% of the stock they can make decisions of the policies that will be offered. Corporations will have an annual meeting of stockholders and regularly scheduled meetings for the board of directors with proceedings kept to document their decisions. The size of the corporation will affect how formally or informally it can operate. Smaller corporations might operate less officially, but still need to keep proper documentation. In those kinds of cases stock ownership is generally where the l iability is limited to lest there was a fraud committed. For example, DiGi is a homegrown brand but is financially backed up by a foreign company, Telenor ASA from Norway, which holds more than 60% of the company portion. DiGi is the first company in Malaysia that introduced GPRS and EDGE technologies into the country. DiGi is famous and well-known for its yellow man icon (Pip, 2008) 3.5 Conglomerates Conglomerates in business, a corporation formed by the procurement by one firm of several others, each of which is engaged in an activity that generally differs from that of the original. The organization of such a corporation may wish to expand its field of operations for a number of reasons: making additional use of existing plant facilities, refining its marketing position with a broader range of products, or decreasing the inherent risk in depending on the request for a single product. There may also be financial advantages to be grown from the reorganization of other companies. As an example, when retail conglomerates convey popular products, like Apple brand computers and iPods, they often select to become authorized resellers. Essentially, they are inflowing into a partnership in which the manufacturer endorses the retail store as an accepted source for purchasing its product. Other than that, Renong Berhad is Malaysias largest diversified establishment with corporations invol ved in a wide range of industries covering financial services, infrastructure, media, hotel and property. It is defined as a Major Shareholder pursuant to Paragraph 1 0.02(f) of the Kuala Lumpur Stock Exchange Listing Requirements.(Work, 2008) Business is energetic globalization and business is the primary source of economic growth, employment creation and public returns that pay for national development programs. As significance, more and more business is expected to deliver in new areas and against a wide range of social medians. 4.0 CONCLUSION This assignment consists of two questions. First question is slow economic growth and second is private sector. Furthermore, from first question I had learned National, regional and extra-regional actors are the support of the conflicts. Therefore, the issue cannot be left to a single set of actors, whether national, regional or international, for resolution. Infrastructure improvement, particularly road networks and electricity supply, for moving the country forward both in the short and long term. And from second question, trade is an economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth. Every business involves some form of investment and a satisfactory number of customers to whom its output can be sold at profit on a consistent basis. In todays borderless world, business resolutions can and do have a greater impact on peoples welfare and the environment, than the decisions of most governments.

religion vs. psychology Essay -- essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  Spirituality and psychology are two complex subjects to discuss and they become even more complicated when you try to relate one to the other. Psychology deals with the processes of sense perception, thinking, learning, cognition, emotions and motivations, and personality, focusing on the behavior of individuals. Spirituality, on the other hand, is all inclusive. â€Å"Spirituality is living one's life from the realization that the body/mind/ego personality we have been taught to identify with is just the tip of our iceberg, our little head sticking through the window of the senses into this world, whereas our true body is the universe. It is recognizing that our perceived world is mostly an illusion, a shared dream we are asleep in, and that the goal of life is to awake to our real Self which is vast and multidimensional--already intimately connected with all of creation, with a twin shadow self that is already scripted, mostly primitive, and hidden from us, bu t that this whole Self is already One with this mystery we call God/dess whose essence can hardly be understood, but to which we give names as Eternal Wisdom, Ultimate Reality, Birther of all Life, S/he Who Is, etc.† So, how can someone take two complex subjects and use one to enhance the other in their life? Is it possible to use a school of psychology to enhance the spiritual life of a person? By analyzing one school of psychology (Rational Emotive Therapy) and by focusing on how it can keep one from focusing on negative and selfish thoughts/acts, how it can make one focus on the things that matter most in life, and how it can help one in spreading a positive way of living, we will see that it is possible for RET to enhance our spirituality. However, we must first learn what RET is all about. Rational Emotive Therapy is amazingly simple. All it entails is for an individual to perform self analysis on their way of thinking and to eliminate all the grandiose words from their vocabulary. By taking the musts, always, nevers, and everyones from our vocabulary, and by replacing them with desire, prefer, and hope, we are more likely to understand that many of our problems and barriers are self made. Instead of viewing each problem in our lives as the end of the world, using RET allows us to step back from the situation and to take a realistic view at the situation. By mapping out... ...rove the things that are within ones control. This way of thinking allows one appreciate the gifts that they possess and how to better utilize them. Other people become less of a factor in one’s unhappiness or emotions, making one in control of their own life and destiny. These results in the ridding of unnecessary quarrels and grudges that exist between those that one feels had wronged them. Therefore, their time is not consumed with negative emotions and thoughts. Instead, one can focus on the deeper meaning of their lives and how to improve it. They can become more comfortable with themselves and experience an inner calm and peace. They strengthen their spirituality and the way they go about their lives. They believe in themselves to make the world a better place. In hindsight, it really is amazingly simple. References 1.  Ã‚  Ã‚  Ã‚  Ã‚  Baute, Paschal. Theological Library. Lexington, KY. Jan 95 2.  Ã‚  Ã‚  Ã‚  Ã‚  Ellis, Albert. Better, Deeper, and More Enduring Brief Therapy. Brunner/Mazel. New York. 1996 3.  Ã‚  Ã‚  Ã‚  Ã‚  Ellis, Albert and Harper, Robert. A New Guide to Rational Living. Prentice-Hall Inc. New Jersey. 1961

Thomas W. Lippmans Understanding Islam Essays -- Thomas Lippman Islam

Thomas W. Lippman's Understanding Islam Thomas W. Lippman gives an introduction to the Muslim world in the book Understanding Islam. He has traveled throughout the Islamic world as Washington Post bureau chief for the Middle East, and as a correspondent in Indochina. This gave him, in his own words, "sharp insight into the complexities of that turbulent region." However, the purpose of the book is not to produce a critical or controversial interpretation of Islamic scripture. It is instead to give the American layman an broad understanding of a religion that is highly misunderstood by many Americans. In this way he dispels many myths about "Muslim militants," and the otherwise untrue perception of Islamic violence. In this way the American reader will become more knowledgeable about an otherwise unfamiliar topic. However, the most significant element of Lippman’s book is that it presents Islam in a simple way that makes the reader feels his awareness rise after each chapter. This encourages him to continue learn ing about the world’s youngest major religion. Understanding Islam dispels many misconceptions about the Muslim world, and presents the subject in a way that urges his reader to further his understanding of Islam through continued study. The book lays the foundation of Islamic basic beliefs and practices. Muslims believe in one God, and feel their religion continues the Judaic and Christian traditions. Arab peoples "trace their origins to the patriarch Abraham, who, according to the Koran was neither Jew nor Christian, but a kind of universal ancestor of monotheists" (5). Thus, Muslims believe in the same God as Jews and Christians. The Islamic translation for God is Allah. Many Americans think of Alla... ... Understanding Islam gives a broad outline which could help to erase American misconceptions about this religion, and could be helpful in easing global racial tensions. The book is not top of the line scholarship about Islam; it is for the uninformed or otherwise unaware beginner. After reading this book the reader has a basic understanding of Islam, devoid of many American or western misconceptions. However, Lippman explains that the holy book is not spelled "Koran," but rather "Qur-an," though he uses the first spelling throughout the book (56). The real version is written in arabic, but I would have rather him used the more authentic spelling. In this way I see that this book was beneficial, but not the final word. It is a good book because it lays a positive foundation for Americans, and hopes to inspire them to continue their study of a fascinating religion. Thomas W. Lippman's Understanding Islam Essays -- Thomas Lippman Islam Thomas W. Lippman's Understanding Islam Thomas W. Lippman gives an introduction to the Muslim world in the book Understanding Islam. He has traveled throughout the Islamic world as Washington Post bureau chief for the Middle East, and as a correspondent in Indochina. This gave him, in his own words, "sharp insight into the complexities of that turbulent region." However, the purpose of the book is not to produce a critical or controversial interpretation of Islamic scripture. It is instead to give the American layman an broad understanding of a religion that is highly misunderstood by many Americans. In this way he dispels many myths about "Muslim militants," and the otherwise untrue perception of Islamic violence. In this way the American reader will become more knowledgeable about an otherwise unfamiliar topic. However, the most significant element of Lippman’s book is that it presents Islam in a simple way that makes the reader feels his awareness rise after each chapter. This encourages him to continue learn ing about the world’s youngest major religion. Understanding Islam dispels many misconceptions about the Muslim world, and presents the subject in a way that urges his reader to further his understanding of Islam through continued study. The book lays the foundation of Islamic basic beliefs and practices. Muslims believe in one God, and feel their religion continues the Judaic and Christian traditions. Arab peoples "trace their origins to the patriarch Abraham, who, according to the Koran was neither Jew nor Christian, but a kind of universal ancestor of monotheists" (5). Thus, Muslims believe in the same God as Jews and Christians. The Islamic translation for God is Allah. Many Americans think of Alla... ... Understanding Islam gives a broad outline which could help to erase American misconceptions about this religion, and could be helpful in easing global racial tensions. The book is not top of the line scholarship about Islam; it is for the uninformed or otherwise unaware beginner. After reading this book the reader has a basic understanding of Islam, devoid of many American or western misconceptions. However, Lippman explains that the holy book is not spelled "Koran," but rather "Qur-an," though he uses the first spelling throughout the book (56). The real version is written in arabic, but I would have rather him used the more authentic spelling. In this way I see that this book was beneficial, but not the final word. It is a good book because it lays a positive foundation for Americans, and hopes to inspire them to continue their study of a fascinating religion.

The Problem and Its Settings

Chapter I: The Problem and its Settings â€Å"You do anything long enough to escape the habit of living until the escape becomes the habit. † ~ David Ryan Introduction Internet and online game addiction, sometimes referred to as cyberspace addiction or online addiction, can manifest itself in many ways in today's teens. If your daughter/son/sister/brother just spent an entire beautiful weekend updating his/her page on Facebook, playing online games on Y8, playing Vice City, battling on WarCraft foregoing a trip with the family to an amusement park or mall, he/she may be showing signs of addiction. The Internet is a seductive place, especially for today's linked-in teens who are far more likely to add graffiti to their friend's Facebook wall than they are to actually get on their bicycle and ride over to that same friend's house. You have to admit it would be a challenge to connect face-to-face with someone you've never met in person and who lives in a different time zone. Therein lies the problem. The Internet is perfect for teens. Today's social networking sites like Facebook and Twitter let them represent themselves as whomever, or whatever, they want. Everything is edited by them, chosen specifically to present the face they want the world to see. And if they decide to change that face, then they just delete some pictures, add some new friends, and voila! – new person! Experts say that as many as 10 percent of Internet users may be considered addicted, although some mental health professionals balk at using that term in a clinical sense. They argue that an activity can only be addictive when it causes a certain type of chemical reaction in the brain, and that's hard to determine. But when you're arguing with a teen about the amount of time she's spending online and she just can't get her paper done because her Instant Messenger keeps alerting her something new and exciting is happening with her best friend, then call it what you like, it's a problem – for you, the child, and the entire family. Many parents feel torn, though, about limiting their children's time on the computer. If a teen is struggling socially, some parents believe any human interaction, even through the computer, is preferable to none. And with teens that are risk-takers or have questionable taste in friends, some parents feel they can better monitor and keep their children safe by letting them stay home, downloading music files and creating quizzes for their Web pages. And many parents just want to avoid the tantrums, the cold shoulder, or the arguments that flare whenever the issue of computer time management comes up. Background of the Study Internet is a global system of interconnected computer networks that use the standard Internet protocol suite (TCP/IP) to serve billions of users worldwide. It is a network of networks that consists of millions of private, public, academic, business, and government networks, of local to global scope, that are linked by a broad array of electronic, wireless and optical networking technologies. The Internet carries a vast range of information resources and services, such as the inter-linked hypertext documents of the World Wide Web (WWW) and the infrastructure to support email. Online game, a game played over some form of  computer network. This almost always means the  Internet  or equivalent technology, but games have always used whatever technology was current:  modems  before the Internet, and hard wiredterminals  before modems. The expansion of online gaming has reflected the overall expansion of computer networks from small local networks to the Internet and the growth of Internet access itself. Online games can range from simple text based games to games incorporating complex graphics and virtual worlds populated by many players simultaneously. Many online games have associated  online communities, making online games a form of social activity beyond single player games. The rising popularity of  Flash  and  Java  led to an Internet revolution where websites could utilize streaming video, audio, and a whole new set of user interactivity. When Microsoft began packaging  Flash  as a pre-installed component of  IE, the Internet began to shift from a data/information spectrum to also offer on-demand entertainment. This revolution paved the way for sites to offer games to web surfers. Some online multiplayer games like  World of Warcraft,  Final Fantasy XI  and  Lineage II  charge a monthly fee to subscribe to their services, while games such as  Guild Wars  offer an alternative no monthly fee scheme. Many other sites relied on advertising revenues from on-site sponsors, while others, like  RuneScape, or  Tibia  let people play for free while leaving the players the option of paying, unlocking new content for the members. Addiction, can also be viewed as a continued involvement with a substance or activity despite the negative consequences associated with it. Pleasure, enjoyment or relief from actual or perceived ailments would have originally been sought; however, over a period of time involvement with the substance or activity is needed to feel normal. Some psychology professionals and many laypeople now mean ‘addiction' to include abnormal psychological dependency on such things as gambling, video games, food, sex, pornography, computers, internet, work, exercise, adrenaline, idolizing, watching TV or certain types of non-pornographic videos, spiritual obsession, self-injury and shopping. The  American Society of Addiction Medicine  begins their definition of addiction by describing it as â€Å"a primary, chronic disease of brain reward, motivation, memory and related circuitry. Statement of the Problem

Is College for Everyone? Essay

Is college for everyone? I am sure this is a question that many future, current, and even graduated college students have asked themselves at one time or another. In her blog posted in 2007 on AssociatedContent. com â€Å"Is College for Everyone†, writer, Pharinet, uses her experience, logic, emotion and reasoning as a college professor to identify the issues and answer the question, â€Å"is college for everyone? † Pharinet says that education is important and that every person has the right to an education, but that it still may not be right for every person to attend college. Pharinet describes to her readers how over the years and reasons why going to college have changed over time. She states, â€Å"often the desire for learning is not what drives students to attend college†(635). Pharinet’s main purpose of this blog is to use her experience in the college field to express her views to the future college students and maybe even their parents that going college may not be the path for everyone, and that sometimes people do not need a college education to be successful in life. Pharinet uses the statistic that approximately 50% of students who begin college never graduate(635). Not every person is ready for the â€Å"freedom† or â€Å"responsibility† that comes with going to college. Courses, homework, projects, and exams are not the only things college students are faced with. Pharinet also explains the finical aspect of attending college and says â€Å"while the cost of college can be offset by grants, scholarships and work-study programs, too many students find themselves in desperate financial situations by the end of their first semester†(635). Pharinet presents a great point when she says, â€Å"If college is for everyone, why do we rely on SAT scores and high school transcripts? †(635). That in itself should make a person question if going to college is really the right place for him or her. If a person has struggled through school up until this or her high school graduation and could not handle the course load assignments and the basic functions of grade school such as reading, writing and math, then maybe college is not the right place for him or her. If a person is not capable of doing this while in grade school and living with his or her parents, who make sure their grades are where they are suppose to be and paying the bills, what makes them think the are ready for them â€Å"freedom† or â€Å"reasonability† college has to offer. In Pharinet’s argument of â€Å"is college for everyone† she express her emotion by saying â€Å"Once upon a time, college was a place you went when you wished to learn†(636). This is followed by â€Å"Now, college is the place you go when you want to get a good job, or appease your parents, or because you are finding yourself†(636). Pharinet is right when she says this. There are so many students who enroll in college today with absolutely no idea of what they want to be or where they want their lives to go for reasons that really have no importance. Just because â€Å"C’s get degrees†(636) does not mean that it is ok to go to college and barely get by and waste everyone’s time involved. There are many successful and happy people in this world today that did not choose the path of a higher education and go to college that would not change a thing about their lives today. To make the decision whether or not to go to college is in the eye of the beholder and only that person whose future will be affected by this decision can truly make his or her own choices in life. Phairnet points out that to keep the world we live in running, we need people who are willing to admit that â€Å"College does not benefit everyone†(636). and to be willing to perform the jobs that do not call for a college education such as factory workers, semi drivers, mail carries etc. At the end of the day, people need to take a look at the big picture and, â€Å"Embrace the reality that college is not for everyone†(636).