Globalization Is The Process Of International Integration

Globalization is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. Advances in transportation and telecommunications infrastructure, including the rise of the telegraph and its development the Internet, are major factors in globalization, generating further interdependence of economic and cultural activities. Though scholars place the origins of globalization in modern times, others trace its history long before the European Age of Discovery and voyages to the New World. Some even trace the origins to the third millennium BCE. Large-scale globalization began in the 19th century. In 2000, the International Monetary Fund identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge. Further, environmental challenges such as global warming, cross-boundary water and air pollution, and over-fishing of the ocean are linked with globalization. Globalizing processes affect and are affected by business and work organization, economics, socio-cultural resources, and the natural environment. Overview Humans have interacted over long distances for thousands of years. The overland Silk Road that connected Asia, Africa, and Europe is a good example of the transformative power of translocal exchange that existed in the Old World. Philosophy, religion, language, the arts, and other aspects ofShow MoreRelatedGlobalization Is The Process Of International Integration1244 Words   |  5 PagesGlobalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. It approaches in transportation, telecommunication-internet, mobile phones which have been the key factor in globalization, producing further interconnection of economic and cultural activities. Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement ofRead MoreGlobalization Is The Process Of International Integration938 Words   |  4 Pagessuggest that we belong in this league. I would like to commend the way we are handling the elements of marketing - global, technological, sociocultural, competitive, and economic influences (Nickels, McHugh, McHugh, 2014). Globalization is the process of international integration arising from the interchange of products, worldviews, ideas and other aspects of culture. The elimination of global barriers – geography and distance – has generated the interdependence of nations both in economic and culturalRead MoreGlobalization Is The Process Of International Integration Through Trade And Communication1151 Words   |  5 Pages Globalization is influencing the world to become more productive and efficient, but the high demands must be balanced out with ethical practices. The opportunity to reach a better economic standing is commonly eschewed and the promise exploited. While China s jeans and denim factories give the people the chance to improve their economic standing, many factories abuse and exploit their workers, bringing into question how a business should run to be both efficient and ethical. Globalization is theRead MoreGlobalization and Its Meaning Broadly Speaking, the Term ‘Globalization’ Means Integration of Economies and Societies Through Cross Country Flows of Information, Ideas, Technologies, Goods, Services, Capital,1074 Words   |  5 PagesGlobalization and its Meaning Broadly speaking, the term ‘globalization’ means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people. Cross border integration can have several dimensions – cultural, social, political and economic. In fact, some people fear cultural and social integration even more than economic integration. The fear of â€Å"cultural hegemony† haunts many. Limiting ourselves to economicRead MorePro Globalist vs Anti Globalist1341 Words   |  6 PagesPro Globalist vs. Anti Globalist An Essay Globalization in a broader sense means Integration. This integration happens through the flow of resources in the form of information, ideas, technology, goods, services, capital, finance amp; people. Like everything else that flows, the flow of resources happens from high potential (country) to low potential (country). Globalization is therefore a natural phenomenon and is bound to happen unless stopped by an external force. In principle all flows areRead MoreEssay on Globalization1614 Words   |  6 Pagesmulti-dimensional manifestations, a process of interaction and integration within the world, and is a highly discussed and contested topic in today’s context. Globalization includes aspects like: economics, politics, ideas, knowledge, culture, society, environment, health, social etcetera. Though globalization can be traced back into time immemorial, but the extent and magnitude of present globalization is unprecedented. The integration and interdependence of globalizatio n implies that today local eventRead MoreGlobalization Evolution703 Words   |  3 Pagesï » ¿GLOBALIZATION EVOLUTION OF GLOBALIZATION The term globalization denotes â€Å"globe† as a single market. Product presence in different Markets of the world. Production base across the globe. Human resources from all over the world. International investment Transaction involving IPRs. The advent in ICI(information, communication and technology) Rapid economic liberalization of trade and investment The mobility of people and transactional moves The reach of satellite channels, internet etc. Read MoreEssay Creating a Better Future Through Globalization1536 Words   |  7 PagesThe term â€Å"globalization† was known in the common vocabulary in the 1980. It is used to describe the increased movement of people, knowledge, goods, and money across national borders. It has led to increased interconnectedness among the worlds populations, economically, politically, socially and culturally (T. L. Friedman 6-14) . Even though globalization often is thought of in economic terms, this process has many social and political implications as well. The globalization of today’s world throughRead MoreEssay on Globalization: Sharing Our Prosperity With the World1388 Words   |  6 Pages Globalization is the growing interdependence of the worlds people that involves the integration of economies, technologies, and cultures (Bradshaw). It is described as the increased movement of people, knowledge and ideas, and goods and money across national borders that have led to the increased interconnectedness among the world. Globalization is often thought of in economic terms but as we know there are three major components implicated with this idea including: economics, politics, andRead MoreHow Globalization Affects Developing Countries?1504 Words   |  7 PagesHow Globalization Affects Developed Countries The phenomenon of globalization began in a primitive form when humans first settled into different areas of the world; however, it has shown a rather steady and rapid progress in the recent times and has become an international dynamic which, due to technological advancements, has increased in speed and scale, so that countries in all five continents have been affected and engaged. What Is Globalization? Globalization is defined as a process which, based

Preparation Outline For Informative Spe - 772 Words

Preparation Outline for Informative Speech Pamela Carter Specific Purpose: To inform on the history and traditions of Thanksgiving, as well as the new era traditions of the holiday. Introduction As long as I can remember my family has always had food on the table and a family gathering on the fourth November in our home. We have all heard elementary stories of wood cabins and the Pilgrims and Indians celebrating thanksgiving. Though, I never knew the reason they were celebrating. Today as Thanksgiving is closely approaching, I am going to talk to you about the history of Thanksgiving, its traditions, and how our era and personal preferences influence the traditions in our celebrations. First let’s start by learning the origination of†¦show more content†¦Thanksgiving traditions dont end on Thanksgiving Day. In the 1950s, the day after Thanksgiving was called Black Friday by factory managers because so many workers called in sick and the Philadelphia Police Department took to calling the day Black Friday to describe the traffic jams, crowds and shoplifters during the start of the holiday shopping season. Black Friday signals the start of the holiday shopping season, but it may be a tradition thats continuing to evolve as stores vie to be the earliest to open Thanksgiving Day. In conclusion, the history of Thanksgiving dates back to 1621. It takes many years before it becomes a permanent national holiday for the American society. Throughout the years Americans have in cooperated new traditions as well as maintained the old. As O. Henry says, â€Å"There is one day that is ours. Thanksgiving Day is the one day that is purelyShow MoreRelatedEssay on Gaap vs Ifrs6680 Words   |  27 Pagesrequires a one step process to evaluate impairment loss. This difference can be attributed to a tradeoff between reporting reliability in GAAP and reporting relevance and timeliness in IFRS. In consolidation process, the difference lies in the preparation of the consolidated financial statements, the consolidation model, the loss of control of a subsidiary, and the equity method investments. GAAP’s recognition criteria for contingencies is higher than that of IFRS due to differing standards for aRead MoreTestbook Answers112756 Words   |  452 Pages1,260 ï€ ½ $260.33 1.10 2 Note: This question illustrates another aspect of dividend irrelevancy--given a dividend policy, the value of the firm is the same whether it is based on dividends or cash flows. A related illustration is given in the outline of clean surplus theory in Section 6.5.1. The only difference between that illustration and this question is that here valuation is as at time 0, whereas in Section 6.5.1 valuation is as at time 1. Copyright  © 2012 Pearson Canada Inc 17 Read MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagesas an illustration of good or bad practice.  © Alex Murdock 2007. Not to to be reproduced or quoted without permissiom. The author gratefully acknowledges the assistance and advice of Major Ray Irving and David Rice of The Salvation Army in the preparation of this case study. However, the case study does not intend to present an ofï ¬ cial view of The Salvation Army. Any matters of fact, judgement or opinion in the case study are the responsibility of the author. ECS8C_C08.qxd 22/10/2007 11:49

What changes are planned for Portobello road in the near future Free Essays

After investigating how Portobello road was like 10 years ago, how it is like today and why these changes have occurred, there is a noticeable land use pattern that is changing as technology develops and more improvements are proposed by the council. One of the main goals for the government is to bring down the unemployment rates to below the average in inner London (see figure on page ) in order to achieve the goal, the council are going to offer a grant up to a maximum of i300 to each person aged 25 and over, this will enable them to purchase any items which are required in their job descriptions such as tools or clothes for interviews. The royal borough are also planning to organise a youth training centre which delivers NVQ levels 1 and 2, literacy, numeracy and key skills qualifications, and are hoping to offer skills training to 16- 18 year olds, many of whom have no educational qualifications. We will write a custom essay sample on What changes are planned for Portobello road in the near future? or any similar topic only for you Order Now Although these solutions may tackle the problem of unemployment, it is not guaranteed that everyone will use the grant given, to purchase work items, and as a result a lot of money will be wasted. The council also want to offer the royal borough a better quality of life, by making the area cleaner, safer, healthier and more attractive as a place in which to live and work. One of the ways in which to do this would be to for the council to keep its own detrimental impacts on the environment to the lowest practical levels. The environmental services department are also aiming to improve street cleansing and improve trade waste collection services. It aims to get 60% of businesses involved in recycling by 2003. It is also piloting a cycle delivery scheme in Portobello road. All these improvements will improve the quality of life for residents and will also increase tourism, which will be financially, a benefit to the trade on Portobello road. Above were the general improvements being proposed for the whole borough, but is more useful to study the improvements being proposed for the 3 main sections of Portobello road. Proposed improvements for the Northern section of Portobello road (Goldbourne ward) One of the proposals for this area is to make this part of the road a one way southbound in order to avoid congestion, heavy traffic, noise pollution and gas emissions, and so reducing the number of accidents, and therefore increasing the safety for pedestrians. Hopefully this proposal will attract more visitors and there will be more trade. The council also intend on improving the maintenance of shops, so they look more attractive and visible, and therefore gain more passing trade (mostly from tourism). However this approach may prove to be a disadvantage, as the increase in tourism would result in conflict between local residents and tourists and so resulting to high crime rate. The third proposal that will be put forward by the council, concerning this part of the road is to improve street lighting and ensure that brighter lighting will reduce the number of car accidents and bring crime rates to a minimum. Finally, improving direction signs and providing simple market maps near tube stations and shops, should encourage more tourists, and allow them to feel more comfortable finding their way around the area. Proposed improvements for the Central section of Portobello road (Colville ward) The central section of Portobello road is also in need for improvement, and therefore a number of proposals have been made, taking into account that this part of the road is dominated by the fruit market and so remains active all week. The first proposal being made to the central section is the removal of on street parking, because the continual presence of traders’ vans prevent easy access to the shops on the Westside of the street and also provide an additional cover for an on street crime. Also on weekdays pedestrian flows are higher in this section then anywhere else on the road, (as shown in the flow chart fig. 2. 11) so the removal of on street parking on these days at least would provide a more relaxed and attractive shopping environment, which would turnover the general appearance of the area for the better. Another proposal being suggested is to revise a one-way system to reduce traffic, and so avoiding accidents and providing a safe environment for the visitors and pedestrians. In order to encourage more midweek trading the council have also proposed for large eight feet by nine fit pitches to trade upon. The council have also made a proposition to start a customer complaint system, as in the black cab trade, this should hopefully allow the customers to come forward about any queries involving the market trade, i. . reporting tatty shop fronts, to generally improve the appearance of the area, etc. The main problems caused in this section are linked to the arrival of major chain stores such as Tesco and Woolworth’s, which are inevitably continuing to raise standards in their search for more market share, and therefore continuing to grow in number, both in terms of floor space and profits. However any expansion of these major stores must be at the expense of retailers elsewhere, s uch as small family businesses. One of the reasons why chain stores are successful is because their range of goods are continually expanding, quality control standards are high and customers are allowed to select items of their own choice under a spacious, convenient and comfortable environment. In order to match up to these standards, small businesses will be encouraged to improve the range of goods on offer, provide a high standard of display, increase shopper comfort, introduce a customer complaint system and reduce the level of rubbish on the street. The council will also provide a larger pitch for local stores to trade upon. Proposed Improvements for the Antique section of Portobello road (Pembridge ward) This section of Portobello road remains active all weekend, and benefits largely from tourism. Therefore the propositions being put forward by the council have been modelled so that they would not result in a significant reduction in the retail function of this area. The 1st proposal being put forward concerns the issue of on street parking which is usually illegal, this need to be removed in order to relieve pedestrian congestion on Saturdays and give Saturday antique traders the chance to unload and load directly from Portobello road, this should hopefully reduce conflict between drivers and pedestrians, however this would result in parking difficulties for most residents as their spaces would get occupied by the large number of customers who wish to park their cars. Restrictions to vehicle access to residents between 10-2pm needs to be enforced in order to remove any possibility of vehicle -pedestrian conflict on Saturday to provide visitors with a spacious, relaxed, car free environment. The council have also proposed to have better pedestrian crossing facilities at Portobello road and west borne grove junction, in order to increase the safety of visitors and other pedestrians. Widening the pavements across the road would provide visitors with a single large through fare with attractive displays of goods on both sides. The council have proposed improvements to street lighting in all three sections of the road, in order to keep crime rates at a minimum and increase the levels of safety. Direction signs and street maps are also up for improvement in order to make them clearer and allow customers to move around freely and so to encourage trade. Promotion and advertisement on all parts of the road have been encouraged, in order to publicise the road and gain more passing trade. How to cite What changes are planned for Portobello road in the near future?, Papers

Language Use Essay free essay sample

Language Use Essay Language can be considered as a work of art. The way one speaks imprints one’s personality and knowledge. However, language does not exist in a vacuum. It develops over the course of time according to a society’s and an individual’s needs. There are a number of ways to express identical thoughts. Educated people would most likely distinguish between the use of language in formal and informal situations. Specifically, one would use informal language with familiar people such as friends and family. For example, people often use, â€Å"What’s up? † to greet with members they generously know better with. Also slang words are usually applied to ordinary conversations. Such as the phrase: â€Å"My bad. † Is frequently employed if a teen has made a mistake. It literarily means what it appears to mean: â€Å"I was bad! † In casual discussions, such as chatting with younger people, or talking with parents, it is unnecessary to follow the rules of grammar as carefully as one would in a formal address or a business letter. We will write a custom essay sample on Language Use Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page If a person utilizes excessive formal rules of grammar in an informal situation, he may come across as being stuffy and unnatural. It is as wearing a coattail to an ordinary business meeting. Another great example would be instant messaging. Modern technology allows people to text; this advancement promoted people’s laziness. People often use abbreviations instead of typing out the entire word. For instance, in informal text, the word â€Å"you† evolves into a single letter â€Å"u†, and the word â€Å"love† changes into â€Å"luv†. Linguistic forms will change over a period of time based on individual’s needs. Contrarily, one would use another form of language in formal situations such as a job interview and professional conversations. Unlike informal English, formal English adheres rules of grammar very strictly; sentences tend to be longer, more complex and well thought out. For instance, formal set of writing does not contain contractions. Instead of writing: â€Å" He’s†, it is more appropriate to write:â€Å" He is. † In general, formal language often applies with people who hold higher authority, people who are older and people who are not familiar with. For example, one often use: â€Å"How are you? to begin a formal conversation. By using this polite linguistic form when talking to a person with more knowledge and is more experienced delineates respect for that person’s position and acknowledgment. In addition, formal way of speaking utilizes higher level of vocabulary. Such as the phrase: â€Å"Please refrain from smoking. † Illustrates a more f ormal alternative by selecting the verb â€Å"refrain† instead of â€Å"stop†. Finally, from the aforementioned idea, one can see that it is evident that people often use distinct forms of language in informal and formal situations. When having an informal discussion among a group of friends, one usually applies slang and abbreviation of words and words that are commonly used and understandable. On the other hand, formal English contains more restrictions and is more complicated in details. When having a formal situation as a job interview, one would use more appropriate and polite form of language to depict one’s respect and awe for that person who generously holds higher position. Both forms of language are utilized in daily life. Having the ability to differentiate between these two distinct linguistic forms represents a person’s intellect.

The Notebook Review Essay Example

The Notebook Review Paper Essay on The Notebook To take up reading this book I was prompted solely desire for experimentation. And, like any experimenter, I expected and the result was not mistaken. You can accuse me of bias, and if a bias to understand some expectations from the book, a preliminary opinion about it, yes, I took this book biased! However, it is more biased than 90% of its readers (and fans). I honestly tried to abandon their prejudices, but it did not want to disappear, and only grew stronger, and the 10th page grew into a conviction More 5 pages I read that if by inertia, or even something hoping. On page 16, I put down the book, not to return to it ever. Do not misunderstand me, I just could not do otherwise. After all, if I continued to read, I would have to put the protagonist monument (and maybe even organize a cult of his name). Already, because of it is written in the first 16 pages, Noah Kelhoun worthy of at least a bronze bust. Honest, brave, loyal, loving, strong, generous, romantic, a lover of poetry, intelligent, not without business skills (women are thrilled, and the men nervously smoking in aside) but I would rather believe in the existence of Santa Claus than November Kelhouna I could not read more because I was scared. Yes, yes, yes, he was afraid, because not every day you find yourself in the gift of foresight. And here! On the third page, I thought that Noah had to be sure to visit the war and already in the fourth received this confirmation. And after The same evening, only a little earlier and thousands of miles from Noah, on veranda encircling the home of her parents, sat tucked under her one leg, young woman (page 6) I like the palm appeared the following 10 pages of text. Then I read the last page of the book and decided not to eat more than fate, because the Prophet share too heavy and not in my immediate plans. We will write a custom essay sample on The Notebook Review specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Notebook Review specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Notebook Review specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Some argue that this is a book about love I will not argue, although Im not quite sure supernatural senses mythical creatures can be given human names. The Notebook Review Essay Example The Notebook Review Paper Essay on The Notebook He was a village boy, she the girl from the big city. The whole world was at her feet, and he did not have a soul penny. It would seem that may be more common in women with a great future and a simple guy from the working class. How can unjust world that built these social boundaries between people. But they loved each other, and when the two fall in love, there are no obstacles for them. They seemed to grow wings, there is freedom, warmth and complete tranquility, only heart palpitations reminds them that they are made of flesh and blood. Aaaahhhh, romance! Love is not important social status. She did not need the money and high position in society. But love can be influenced, and it is subject to reason. When it comes to social status in the society, we should not forget that the conflict can ripen and from third parties, as a rule, parents are not interested to see your child with a man lower class. Unfair, but justified. Not one parent does not wish their child to be miserable, but sometimes excessive protection can cause just such an outcome. These life situations are the test of the senses, which is subject to not pass each To see, to feel, to analyze the problem will help the novel by Nicholas Sparks -. The Notebook. The book-to-date topic raised at all times social inequality and its impact on the formation of relationships. The Notebook tells how love is born and dies in the hope to rise again. Nicholas Sparks created a heartfelt story, full of emotions, feelings, passion and love. Parting and meeting, resentment and joy, tears and laughter, unbearable bitterness and giddy happiness is on the pages of this book. This story is like a fairy tale, but, nevertheless, it is impossible to predict whether it will end happily, or it will suffer a tragic fate. Because it is often beautiful love story ends in tragedy We will write a custom essay sample on The Notebook Review specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Notebook Review specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Notebook Review specifically for you FOR ONLY $16.38 $13.9/page Hire Writer A tragedy in this book is. In his works, Sparks has addressed the illness as destructive force. The Notebook is no exception. Author talks about Alzheimers disease and its impact on human life. It is a disease that affects memory and reasoning. How much force is necessary to look at myself in the mirror and not to cry, realizing that they have forgotten all the most important thing in my life? Social inequality in comparison with this problem simply walk through the blossoming garden. The Notebook by Nicholas Sparks encourages readers to believe in love, real, solid, eternal. To some extent the author idealizes life, strive to show that a great desire and the pursuit of happiness, of course, is rewarded. This book the embodiment of good. It teaches to believe, desire, love and forgive, and most importantly do not be afraid to follow the call of your heart and make difficult choices. In short, this is a perfect example of the sensual and romantic literary work, arouse emotions in the reader. The book is not perfect, but absolutely do not want to criticize it. This is a common story of love, kind and sincere. Easy style, simple dialogues, wise thoughts all that is needed for mental relaxation -. Do you believe that love can work miracles -? Yes

The Top 5 Coworkers You Want In Your Office

The Top 5 Coworkers You Want In Your Office While we all have coworkers we gripe about, try not to sit next to, and resent for their success (or lack thereof), satisfaction studies have shown that most of also value those relationships as much as any other in our lives. Full disclosure, I met my husband at work. When I told him about this post he asked what dream coworker category Id put him in, and was not pleased when I created Dream CoworkerThat being said, heres a list of the most in-demand employee archetypes to have on your roster.Dream Coworker  #1:  THE INTEGRATORConsulting and auditing firm Deloitte identified Integrator as a most desirable personality pattern; integrators are the ones who wrap their brains around an issue and gather the team they need to crowd source a solution. They are known for empathy, a nuanced understanding, and needing some quiet time to process.Dream Coworker  #2:  THE INNOVATORThe Innovator is the one whos constantly looking for a new way to do things; some employers find this type o f worker frustrating, because they have a system and its been proven.As a sometime innovator myself, I would suggest that once youve identified an innovated staff member, try to find some room to let them play. This may require some flexibility on your part, but if you can get them on your team, you may find efficiency and productivity are the positive results.Dream Coworker  #3:  THE ADVOCATEAdvocates are the ones who speak up- they identify needs, allocate resources, manage difficult circumstances, and probably belong in customer service. They also make great peer reviewers and mentors for younger employees, because they can see both sides of an issue and care about those they supervise.Dream Coworker  #4:  THE BRIDGEJokes aside, this is actually the category the  guy I married belongs in- he has a knack for keeping track of all the pieces of a project and knowing who should work on each piece, has a huge professional network, and is generous about connecting projects wi th freelancers. And hes not too hard on the eyes either.Dream Coworker  #5:  THE  PIONEERDo you need someone to generate new ideas? Adapt to evolving conditions? Do you always  keep the big picture in mind? Pioneers in the workplace are the ones who bring a lens of their own to their work- and the benefits for you may be exciting, fresh ideas. Try to recognize them when they cross your desk!The 5 Types of Coworkers Who Can Make Your Work Life Infinitely BetterRead More at Fast Company

Obstacles to Sexuality Faced by Adults with Developmental Disabilities Dissertation

Obstacles to Sexuality Faced by Adults with Developmental Disabilities in Community Based - Dissertation Example The simple fact of the matter is that many adults with developmental disabilities reside in community-based facilities, but their own sexuality and issues associated with it are often stifled. In essence, there are numerous obstacles to sexuality face by adults with development disabilities in community-based facilities. Purpose of the Study The purpose of this qualitative phenomenological study is to better understand and analyze the current obstacle to sexuality facing adults with developmental disabilities in community based facilities. The intent will be to describe current societal perceptions towards individuals that have developmental disabilities when it comes to issues of sexuality. The qualitative phenomenological approach is designed to enable the investigation of specific social phenomenon, thus enabling the researcher to validate inferences to be made based upon the data collected (Neuman 2006). Current research does suggest that adults who are developmentally disabled h ave various emotional, social, and physical needs that larger society does not always understand, nor are they quick to adapt to (Giulio 53). From an early age, many individuals with developmental disabilities are now fully aware of their own sexuality, sexual needs, or the notion of ‘true love’. As such, upon entering adulthood, they are considered a vulnerable and marginalized group when it comes to issues of sexuality, particularly in community based facilities. As such, they need to be protected. One way to do this is through educating stakeholders and larger society about developmental disabilities, its various forms, and the areas of sexuality as they relate to this group. The research... The purpose of this qualitative phenomenological study is to better understand and analyze the current obstacle to sexuality facing adults with developmental disabilities in community based facilities. The intent will be to describe current societal perceptions towards individuals that have developmental disabilities when it comes to issues of sexuality. The qualitative phenomenological approach is designed to enable the investigation of specific social phenomenon, thus enabling the researcher to validate inferences to be made based upon the data collected (Neuman 2006). Current research does suggest that adults who are developmentally disabled have various emotional, social, and physical needs that larger society does not always understand, nor are they quick to adapt to (Giulio 53). From an early age, many individuals with developmental disabilities are now fully aware of their own sexuality, sexual needs, or the notion of ‘true love’. As such, upon entering adulthood, they are considered a vulnerable and marginalized group when it comes to issues of sexuality, particularly in community based facilities. As such, they need to be protected. One way to do this is through educating stakeholders and larger society about developmental disabilities, its various forms, and the areas of sexuality as they relate to this group. The research methods that are implemented into the study serve to identify and validate certain general and unifying qualities that exist amongst community based facilities that service the developmentally disabled community. This will occur by analyzing currently available academic information, and digesting that with field experience designed to enhance the scholarly knowledge available in this field.

Leadership and Corporate Culture Coursework Example | Topics and Well Written Essays - 1000 words

Leadership and Corporate Culture - Coursework Example Other activities that are involved include welcoming of tourists in the area, developing strategies that will expand tourism, operation of tourism promotion agencies, building of more facilities that are related to tourism and marketing of other events and activities that are designed to attract more tourists. The carrying out of the activities is expected to increase economic activities in the harbor through the provision of meals, selling of gifts and other items. The stakeholders that will be involved are the promoters, advertisers and those involved in selling of gifts and other items to the tourists (Ferrell, Fraedrich & Ferrell, 2004). Each and every applicant is expected to develop a project that will satisfy activities such as which increases tourism in the area through advertising, publication and distribution of information with the main aim of attracting more tourism (Moody, 2002). Other activities that are involved include welcoming of tourists in the area, developing strategies that will expand tourism, operation of tourism promotion agencies, building of more facilities that are related to tourism and marketing of other events and activities that are designed to attract more tourists that wil ensure that the harbor has economic benefit. Other proposals that can be made by the applicants are open as long as they can be well defined by the applicant. The applicants can wish to define alternative levels and activities for funding that they make as their first priority with the desired amount (Moody, 2002). The second priority should aim at the minimum amount that is acceptable. The applicants should include t he definition in the difference in the level of services that they are able to provide in the two priorities that they included. The establishment of alternative funding levels that are involved will allow some approving projects without the need of rejecting one or more of the projects due to a

Thesis Contextual Review (RUMOUR Magazine Business Plan) Dissertation

Thesis Contextual Review (RUMOUR Magazine Business Plan) - Dissertation Example This is because they serve as the reference point for most people in deciding on which line of fashion to trend towards. In this UAE, this service has been served pretty well with a number of fashion magazines competing for customers. Due to this prevailing competition, the need to have a competitive advantage has become a necessity and with companies like RUMUOR, the use of technology in gaining this competitive advantage has been a major strategy. There is need for more digital content in specific industry conditions; for example, in UAE digital content is needed more considering that the fashion industry conditions is competitive (London, 2009). Therefore, adhering to new provisions made by the use of technology comes with added advantage for practicing companies. As a matter of fact, the UAE is fast becoming a global tourist destination and so the whole region has come to embrace diversity and dynamic living pertaining to areas of life such as fashion. For this reason, starting f ashion magazine that focuses on digital content such as RUMUOR is undertaking is an excelling step towards become a market leader. Market providers are also assured of their own versions of profits and benefits if they stick to the growing trend of going digital because the whole phenomenon has been associated with huge profit base for industry players as it enhances and increases productivity (Mossalli, 2010). As far as the fashion magazine industry in the UAE is concerned, there are more specific conditions that demand that there become a rapid change in order to adapt to the changing global trend. One of such specific conditions is the need for fashion magazines to remain relevant to the larger fashion industry. It would be noted that the fashion industry in the UAE is an embodiment of several sectors and sections of business, of which the fashion magazine business is one. However, because the fashion industry is the larger body that accommodates the other minor businesses like t he fashion magazine, it is important that the minor businesses adjust themselves in such a way that they match up the trend being ensued by the larger industry (Ramat-Gan, 2009). Presently, there is a trend in the fashion industry in the UAE whereby the use of technology has become so paramount. For example there has been increase in e-commerce websites in the fashion industry in the UAE over the past decade that has had e-shopping as its major focus (Newswire, 2009). To match up the changing trend and remain relevant, it is important that stakeholders in the fashion magazine market also think of ways of dancing to the rhythm of the industry. It is in the light of this dynamic nature of the fashion industry that it is critical to conduct a contextual review of a fashion magazine of a particular region to come out with ways in which it can respond to the changes in the industry. One of the smartest ways in which the fashion magazine market can catch up with the larger market has been identified to be the need to embrace digitized publishing. It is thus important that fashion magazines have strive to stay afloat in the fashion industry by adopting new strategies such as embracing internet technology in their business. It is high time fashion magazines go digital in order to remain relevant in the fashion industry in the wake of serious competition brought about by the internet technology and which threatens to cripple the business. The ability of the internet and particularly the use of social media on the

Motivation

Motivation Why are there multiple theories of motivation in organisational behaviour? Firstly I believe that we need to understand what motivation is before we can understand why there are lots of motivational theories. ‘Motivation comes from the Latin word movere, meaning ‘to move (kreitner R., kinicki A., Buelens M., 2002, p: 176) which means as fact, need, emotion and organic state which encourages a person to take an action. A persons performance at work is affected by several individual factors (Personality, attitudes and beliefs, motivation, perception) but in particular, by Motivation. The dictionary defines motivation as â€Å"the reason why somebody does something or behaves in a particular way† (Oxford Advanced Learners Dictionary of Current English, 2000, p1128). Many theorists over the years starting from the industrial revolution have analysed what makes workers work harder. This essay will illustrate why there are multiple theories of motivation I will be looking at two theories Maslows hierarchy and Hertzbergs two factor theories to try to determine why there is a need to have so many theories of motivation. Many organisations face difficulties when trying to motivate their staff. If the employees are motivated the company is likely to be more successful. To be able to understand motivation and the way it works, we have to understand human nature itself, managers also need to understand the work effort motivation cycle as to not loose there staff to more exciting rewarding and satisfying roles else were.( French, R., et al, 2008, Organizational Behaviour p157) There has to be effective management and leadership to motivate staff. Many companies believe that pay is the prime motivator; however people may want to exceed, receive acknowledgment for there efforts, they may want to feel a part of a group and also want to feel a heightened sense of worth at the workplace. This is where empowerment plays a very important part in a companys progression. ( French, R., et al, 2008, Organizational Behaviour. p 156) â€Å"Empowerment is the process by which managers delegate power to employees to motivate greater responsibility in balancing the achievement of both personal and organisational goals†. (Ref.- Chapter 4: Motivation and Empowerment page 184French, R. ,et al, 2008, Organizational Behaviour. Chichester: Wiley) By empowering employees this will make the staff more satisfied, productive and motivated throughout their working hours. Throughout the years many theorists have tried to explain what motivation is by designing theories describing how managers should stimulate their staff. (French, R. et al.,2008, Organizational Behaviour pp157-159) There are two main types of motivation theories content and process theories, the content theories look at the needs that individuals have, it includes 4 component theories: Maslows hierarchy of needs model, Alderfers modified need hierarchy model, McClellands achievement motivation theory and Herzbergs two-factor theories. The Process Theories are a understanding of the thought process that influence behaviour. The major process theories of motivation include Vrooms expectancy theory, goal-setting theory, and reinforcement theory and Adams equity theory. (French, R et al, 2008 Organizational Behaviour p160) Abraham Maslow has a structure which he has called the hierarchy of needs. There are five basic needs, which people are supposed to uphold. These are physiological, safety, social, esteem and self-actualization. (French, R et al, 2008 Organizational Behaviour p161) Physiological needs are food, drink, shelter and sex, Safety needs are the security and protection from physical and emotional harm. Social needs refer to a need for love. That means a person will strive for good relationships with people and a place within there group. .(Wilson, F M(2004) Organizational Behaviour and work) The needs that Maslow has at the bottom of the pyramid are based on basic needs concerned with survival or lower order needs, and these must be satisfied before a person can go to the next level on the hierarchy of needs until self actualization which Maslow argued that although everybody is able to, not many reach this level. (Wilson, F M (2004) Organizational Behaviour and work) While Maslows theory seems to make sense at first, there is little to show that a strict hierarchy works in every day working life. In fact research contradicts the order of needs because in some cultures they tend to put social needs before any other need. Maslows hierarchy also has trouble explaining cases such as the â€Å"starving artist† where a individual will neglect there physical needs to gain a spiritual need. Maslow also suggests that one need is satisfied at a time where there is no evidence this is true. In all motivation theories there are always advantages and disadvantages, Maslow has been critical of his theory himself, in a statement he said: â€Å"My motivation theory was published 20 years ago and in all that time nobody repeated it, or tested, or really analyzed it or criticised it. They just used it, swallowed it whole with only the minor modification† Ref- Wilson, F.M (2004). Organisational behaviour and work. Oxford University press, page146 (Lowry 1982:6 Clayton Alderfer proposed the ERG theory, which is very similar to Maslows theory, it also describes needs as a hierarchy. The letters ERG stand for three levels of needs: Existence, Relatedness, and Growth. This theory is based on the work of Maslow, so it has a lot which is similar with it but it also differs in some important aspects. He argues that Maslows theory is not flexible and as a result of this people may become frustrated as they are not able to move to the next stage. Alderfer has minimized Maslows 5 level theories into 3 levels; this theory is more flexible as people are able to go up and down the hierarchy if their needs keep changing. (French, R et al, 2008 Organizational Behaviour p160) Fredrick Herzbergs hygiene-motivation theory, Frederick Hertzberg put forward the idea that certain factors in the workplace cause job satisfaction, while others lead to dissatisfaction, he proposed the Two Factor theory of human motivation in the workplace, he believed that man has two sets of needs one as an animal to avoid pain and the second as a human being to grow psychologically. Hertzberg believes that the growth or the motivator factors such as achievement, the work its self, responsibility and advancement are the primary cause of job satisfaction. Hygiene factors the dissatisfiers using the term hygiene are considered maintenance factors that are to avoid dissatisfaction but by themselves do not provide satisfaction company policy, administration, supervision interpersonal relationships, working conditions salary status and security. Hertzberg used two open ended questions ‘tell me about a time when you felt exceptionally good about your job. and ‘tell me about a time when you felt exceptionally bad about your job.Herzberg analysed a diverse range of employees twelve different investigations informed the theory.( Herzberg et al 1959,. Wilson, F M(2004) Organizational Behaviour and work) There have been many criticisms of this theory one being some researchers have used other methods and have not been able to confirm the theory there for the theory is said to be method-bound as only Hertzbergs original method is able to support the theory. Other critics found it to be too convenient that Hertzbergs theory fits so neatly into two boxes, intrinsic contributing to job satisfaction and extrinsic to dissatisfaction. In the study by Ewan (1963) found that sometimes the hygiene factor, dissatisfies acted as satisfiers and satisfiers, motivators caused both satisfaction and dissatisfaction. (Wilson, F M(2004) Organizational Behaviour and work) Looking briefly at the most well known motivational theories David McClelland Need for Achievement Theory proposed that an individuals specific needs are acquired over time and are shaped by a persons life experiences. Most of the needs can be classed as achievement, affiliation, or power. A persons motivation in a certain job is influenced by these three needs. McCelland believed that having the right resources available such as raw materials, time, having the right skills to do the job and also having the necessary support to get the job done like supervisor support, or correct information on the job, McCelland believed that even if two of the three were met that there would still not be positive motivation and all three must be met to achieve positive motivation. (French, R et al, 2008 Organizational Behaviour pp163- 165) The expectancy theory of motivation is by Victor Vroom. Victor Vroom is very different to Maslow and Hertzberg, Vroom focuses on outcomes not on needs. Expectancy is the belief that more effort will lead to better performance. (French, R et al, 2008 Organizational Behaviour pp172- 174) Looking closely at the theories of motivation I believe that there are multiple theories of motivation as there is neither a right or wrong theory all seem to out line the basics of motivation weather it is in a hierarchy or set in two boxes we all have a need for the basics in life plus achievement, recognition and we all would be happier and more motivated to work in better conditions, I believe that a person has each one of these needs at or maybe many at a time so there for many theories are essential to get a wider knowledge of motivation and how to motivate an individual at work.

Nitric Oxide (NO) and the Nervous System Essay -- Medicine Biology Res

Nitric Oxide (NO) and the Nervous System Better known as an environmental hazard, nitric oxide (NO) is produced in combustion engines and contributes to smog and acid rain and has been implicated in the catalytic destruction of the ozone layer (Lancaster;1992). Though NO is the bad-boy of the environment, it’s roles in the body are extremely diverse and in some instances can be deleterious or beneficial depending on the circumstances. NO has been connected with immune function, control of blood pressure and hypertension, impotence and penile erection, septic shock, insulin-dependent diabetes mellitus, and macrophage mediated destruction of oncogenic cells (Young;1993, Stroh;1992). However, its activities in the nervous system may be the most exciting discovery yet for this eclectic molecule (Koshland;1992). Due to NO’s radical structure, it is highly reactive and very short-lived within the body (6-15 sec.) making its detection difficult (Lancaster;1992); as such, it can therefore be synthesized only on demand since radicals are known to disrupt cellular homeostasis. NO is small and uncharged and it rapidly diffuses through cellular membranes from its site of synthesis making it in ideal intercellular paracrine-like messenger or poison (Lancaster;1992). In the body, NO reacts with redox metals such as copper, manganese, or the iron heme-like protein centers, and molecular oxygen forming nitrites and nitrates, the latter constituting the principal manner in which NO is inactivated in vivo (Snyder;1992). The enzyme which synthesizes NO, nitric oxide synthase (NOS), has been cloned and structurally resembles cytochrome P-450 reductase, possessing many sequence homologies and the same physical sites for binding of identic... ... in Cells. American Scientist, 80:248-259, May/June 1992. Murray, R. K., D. K. Granner, P. A. Mayes, and V. W. Rodwell. Nitric Oxide is the Endothelium Derived Relaxation Factor and is Also an Important Compound in the Nervous System. Harper’s Biochemistry, pp 657-658, Appleton & Lange, USA, 1993. Schuman, E. M. and D. V. Madison. A Requirement for the Intercellular Messenger Nitric Oxide in Lone Term Potentiation. Science, 254:1503-1506, Dec. 6, 1991. Snyder, S. H. and D. S. Bredt. Biological Roles of Nitric Oxide. Scientific American, 266:68-71+, May 1992. Snyder, S. H. Nitric Oxide: First in a New Class of Neurotransmitters. Science, 257:494-496, July 24, 1992. Stroh, M. The Root of Impotence: Does Nitric Oxide Hold the Key. Science News, 142:10-11. July 4, 1992. Young, S. The Body’s Vital Poison. New Scientist, 137:36-40, March 13, 1993. Nitric Oxide (NO) and the Nervous System Essay -- Medicine Biology Res Nitric Oxide (NO) and the Nervous System Better known as an environmental hazard, nitric oxide (NO) is produced in combustion engines and contributes to smog and acid rain and has been implicated in the catalytic destruction of the ozone layer (Lancaster;1992). Though NO is the bad-boy of the environment, it’s roles in the body are extremely diverse and in some instances can be deleterious or beneficial depending on the circumstances. NO has been connected with immune function, control of blood pressure and hypertension, impotence and penile erection, septic shock, insulin-dependent diabetes mellitus, and macrophage mediated destruction of oncogenic cells (Young;1993, Stroh;1992). However, its activities in the nervous system may be the most exciting discovery yet for this eclectic molecule (Koshland;1992). Due to NO’s radical structure, it is highly reactive and very short-lived within the body (6-15 sec.) making its detection difficult (Lancaster;1992); as such, it can therefore be synthesized only on demand since radicals are known to disrupt cellular homeostasis. NO is small and uncharged and it rapidly diffuses through cellular membranes from its site of synthesis making it in ideal intercellular paracrine-like messenger or poison (Lancaster;1992). In the body, NO reacts with redox metals such as copper, manganese, or the iron heme-like protein centers, and molecular oxygen forming nitrites and nitrates, the latter constituting the principal manner in which NO is inactivated in vivo (Snyder;1992). The enzyme which synthesizes NO, nitric oxide synthase (NOS), has been cloned and structurally resembles cytochrome P-450 reductase, possessing many sequence homologies and the same physical sites for binding of identic... ... in Cells. American Scientist, 80:248-259, May/June 1992. Murray, R. K., D. K. Granner, P. A. Mayes, and V. W. Rodwell. Nitric Oxide is the Endothelium Derived Relaxation Factor and is Also an Important Compound in the Nervous System. Harper’s Biochemistry, pp 657-658, Appleton & Lange, USA, 1993. Schuman, E. M. and D. V. Madison. A Requirement for the Intercellular Messenger Nitric Oxide in Lone Term Potentiation. Science, 254:1503-1506, Dec. 6, 1991. Snyder, S. H. and D. S. Bredt. Biological Roles of Nitric Oxide. Scientific American, 266:68-71+, May 1992. Snyder, S. H. Nitric Oxide: First in a New Class of Neurotransmitters. Science, 257:494-496, July 24, 1992. Stroh, M. The Root of Impotence: Does Nitric Oxide Hold the Key. Science News, 142:10-11. July 4, 1992. Young, S. The Body’s Vital Poison. New Scientist, 137:36-40, March 13, 1993.

Ralph Ellison’s Battle Royale Essay

Ralph Ellison’s Battle Royal provides a realistic perspective of a Negro man striving to live in a nation dominated by white supremacy. The story speaks of the conflicts between the white and blacks as well as the conflicts that arise within the narrator and himself. Battle Royal resembles a black man’s place in society, the American Dream, and the use of symbolism to convey this thought. Ellison uses symbols and imagery to engage the readers by bringing them to a time period in history where social equality frowned upon. Society in the 1900s was very different in terms of the social status among the American people. In the 1900s, blacks were strongly discriminated against the whites. Discrimination was not against the law as blacks were deemed free but must be segregated against the whites. The idea of a white dominate society was still in existent. Ellison was born (in the year 1914) into this era of racial discrimination and segregation. The story begins with the narrator reminiscing about the past when his grandfather was on his deathbed. The grandfather delivers a speech to the narrator that proves to haunt the narrator for the rest of his life. The grandfather said, â€Å"Son, after I’m gone, I want you to keep up the good fight. I never told you, but our life is a war and I have been a traitor all my born days, a spy in the enemy’s country ever since I give up my gun back in the Reconstruction. Live with your head in the lion’s mouth. I want you to overcome ’em with yeses, undermine ’em with grins, agree to death and destruction, let ’em swoller you till they vomit or bust wide open† (Ellison 258). The narrator was extremely puzzled with the words from his grandfather; he had thought that his grandfather had gone insane. The flashback the narrator has reminds himself of his roots, his grandfather had taunted him with his dying speech for the rest of the narrator’s life. The narrator had been living as a rebel and a traitor without even realizing it. He was praised by many white men and was considered an example of desirable conduct. â€Å"I was praised by then most lily-white men of the town. I was considered an example of desirable conduct. – just as my grandfather had been† (Ellison 259). Ellison and his grandfather were considered traitors because they were outstanding blacks in a society of white dominants. The mere fact of a black succeeding is considered treachery and rebellious in the 1900s where white dominated. The narrator believes that he is successful in this white dominated society, but in actuality, the whites are only using him for entertainment. â€Å"When I got there I discovered that it was on the occasion of a smoker, and I was told that since I was to be there anyways I might as well take part in the battle royal to be fought by some of my schoolmates as part of the entertainment†(Ellison 259). This quote from the novel describes exactly how the blacks were treated. All of the blacks were expected to entertain the whites in the Battle Royal. The black were symbolic and was represented as objects used to entertain the whites. Ellison uses many symbols in Battle Royal to demonstrate the lack of black equality. The battle itself is a symbol the narrator’s never ending battle for social equality. The battle also represents the lack of freedom the narrator had, he was forced into a fight without any say. â€Å"We were rushed up to the front of the ballroom, where it smelled even more strongly of tobacco and whiskey. Then we were pushed into place† (Ellison 260). The stripper represents the amount of control the white men had over the blacks. Recall that in the 1900s, blacks were heavily discriminated; many blacks would have been persecuted for sight of a white woman. The narrator felt guilt and fear and was not sure how to react. â€Å"I felt a wave of irrational guilt and fear. My teeth chattered, my skin turned to goose flesh, my knees knocked. Yet I was strongly attracted and looked in spite of myself† (Ellison 261). The naked woman also symbolizes the confusion of the narrator, he is not sure how to react and this symbolizes his uncertainty in his role of society. The white blindfold represents how blacks were being brainwashed by the whites into the mindset of a white dominated society. The naked woman also symbolizes the lack of respect shown to women at this time of white male dominance. The American flag tattoo on the naked woman symbolized how a stripper had more social status than a black man. The tattoo also symbolizes the American Dream and the American paradigm. The American Dream defines the American culture and is used to describe the social status of a man in the American society. Ellison uses symbols from Battle Royal to describe the American Dream. The American flag tattoo on the naked woman shows represents the American Dream that can be achieved by anyone. However, the narrator is very close achieving the American Dream only to have it taken away from him. â€Å"I saw the rug covered with coins of all dimensions and a few crumpled bills. But what excited me, scattered here and there, were the gold pieces† (Ellison 266). The narrator had been given a chance at the American Dream only to be fooled when discovered the fake coins and electrocuted. â€Å"I lunged for a yellow coin lying on the blue design carpet, touching it and sending a surprised shriek to join those rising around me. I tried frantically to remove my hand but could not let go. A hot violent force tore through my body, shaking me like a wet rat. The rug was electrified† (Ellison 266-26). The narrator had been shocked not just physically but mentally. He was uncertain of this shock as it had hurt him. The promise of the American Dream was only a set of lies. The narrator had only been used to entertain the whites. â€Å"The huge face wavered down to mine as he tried to push me free. But my body was slippery and he was too drunk. †¦It was as though I had rolled through a bed of hot coals† (Ellison 267-268). The narrator is being thrown onto the rug to be electrocuted, just to satisfy the entertainment of the whites. There was no American Dream for the blacks, only a fixed chance that would always favor the whites as the blacks were used for entertainment when shocked on the rug. Ellison’s Battle Royal depicts the struggles of many blacks during the era of racial discrimination and segregation. The narrator described in the story directly correlates to the life Ellison lived. He was one who was â€Å"others† and was blindfolded his entire life, following orders from whites and having the whites take advantage of him. The naked woman symbolized the amount of control whites had in society and how many women were disrespected whether white or black. Ellison also discusses the American Dream through the use of symbols including the electrified rugs and coins. The blacks would only be close to achieving the American Dream but never able to have the American Dream.

Understanding Term Spreads or Interest Rate Spreads

Understanding Term Spreads or Interest Rate Spreads Term spreads, also known as interest rate spreads, represent the difference between the long-term interest rates and short-term interest rates on debt instruments such as bonds. In order to understand the significance of term spreads, we must first understand bonds. Bonds and Term Spreads Term spreads are most often used in the comparison and evaluation of two bonds, which are fixed interest financial assets issued by governments, companies, public utilities, and other large entities. Bonds are fixed-income securities through which an investor essentially loans the bond issuer capital for a  defined period of time in exchange for a promise to repay the original note amount plus interest. Owners of these bonds become debt holders or creditors of the issuing entity as entities issue bonds as a means of raising capital or financing a special project. Individual bonds are typically issued at par, which is generally at $100 or $1,000 face value. This constitutes the bond principal. When bonds are issued, they are issued with a stated interest rate or coupon that reflects the prevailing interest rate environment at the time. This coupon reflects the interest that the issuing entity is obligated to pay to its bondholders in addition to repayment of the bond principal or the original amount borrowed at maturity. Like any loan or debt instrument, bonds are also issued with maturity dates or the date at which full repayment to the bondholder is contractually required.​​​ Market Prices and Bond Valuation There are several factors at play when it comes to the valuation of a bond. The issuing companys credit rating, for instance, can influence the market price of a bond. The higher the credit rating of the issuing entity, the less risky the investment and perhaps the more valuable the bond. Other factors that can influence a bonds market price include the maturity date or the length of time remaining until expiration. Last, and perhaps the most important factor as it relates to term spreads is the coupon rate, particularly as it compares to the general interest rate environment at the time. Interest Rates, Term Spreads, and Yield Curves Given that fixed-rate coupon bonds will pay the same percentage of the face value, the market price of the bond will vary over time depending on the current interest rate environment and how the coupon compares to newer and older issued bonds that may carry a higher or lower coupon. For instance, a bond issued in a high-interest rate environment with a high coupon will become more valuable on the market if interest rates were to fall and new bonds coupons reflect the lower interest rate environment. This is where term spreads come in as a means of comparison.   The term spread measures the difference between the coupons, or interest rates, of two bonds with different maturities or expiration dates. This difference is also known as the slope of the bond yield curve, which is a graph that plots the interest rates of bonds of equal quality, but different maturity dates at a specified point in time. Not only is the shape of the yield curve important to economists as a predictor of future interest rate changes, but its slope is also a point of interest as the greater the slope of the curve, the greater the term spread (gap between short- and long-term interest rates). If the term spread is positive, the long-term rates are higher than the short-term rates at that point in time and the spread is said to be normal. Whereas a negative term spread indicates that the yield curve is inverted and the short-term rates are higher than the long-term rates.

Essay about Assignment 1 3

Essay about Assignment 1 3 Essay about Assignment 1 3 BTEC Level 3 Certificate in Factors that influence Communications Introduction This assignment requires that you attend a work experience placement. Task One (for P3) Explain the factors that can have a positive and/or negative affect on interactions, You need to look at those factors that can influence a communication and make it more effective or less effective . Make sure you cover environmental as well as personal (i.e. barriers) factors. Use examples from work experience to support your work. This means looking at the environmental and personal factors that affected your interactions, and those of other people in your chosen organisation. You should endeavour to use this work to prove your understanding of ‘environment’ and ‘barriers’ as listed in part 2 on page 3 of the Unit 1 specifications. Task Two (for P4) Explain what strategies can be used by a carer to overcome barriers to communication. You will need to explain what carers can do to deal with factors and negative influences that are reducing the effectiveness of a communication. Make sure you cover what human and technological aids can be used as well as strategies that staff can use. Use examples from work experience to support your work. This means looking at the strategies and aids used by you, and by others in your chosen organisation. You should endeavour to use this work to prove your understanding of ‘communication and interpersonal interaction’ and ‘aids to communication’ as listed in part 3 on page 3 of the Unit 1 specifications. Task Three (for M2) This task follows on from both Task One and Task Two. It requires that you develop the work you have already done to consider and review the strategies used by you and by others in your chosen organisation to overcome barriers to effective communication. The difference is that instead of just describing and explaining as you did in Tasks One and Two, here you have to make well-judged comments about the strategies and aids that you and others used. For example, you can comment on why a particular strategy or aid is more effective for a given situation than another. Support your comments by relating them to the examples and experiences you have described above. Merit work will have more such examples than pass work. To gain a merit your work will need to consider a wider range of strategies and aids and carry greater depth and detail. It will need to show a

A&P Topic Essay Example | Topics and Well Written Essays - 500 words

A&P Topic - Essay Example The use of an extremely low temperature stops every single biochemical process inside the cells including apoptosis and cell death procedures, thus the cells can be stored in a stagnant state for long periods of time till they are thawed for use. The temperature needs to be as low as -196˚C and the medium used now is liquid nitrogen. However, cryoprotective agents like DMSO and glycerol are used now to prevent intracellular freezing. Cells like microbial cells (protozoa, fungi spores etc), animal cells (oocyte, sperm, embryo etc) and viruses have been successfully cryopreserved till date. Cryopreservation is a boon for scientific development. Pregnancies have been possible using 20 years frozen embryos and ovarian cells can be stored to help women to conceive even after menopause. Cryopreservation of microbes is being conducted to add data to bio-bank, thus making it possible to study something even if it becomes extinct. Another extremely important use for cryopreservation is, pr eservation of stem cells. If a new born’s stem cells (extracted from placenta) are preserved, they can be used for surgeries in his lifetime thereby eliminating surgical complications. Wildlife scientists are also contemplating to use this technique to save endangered species and clone some extinct ones. My first brush with Anemia was when I was inflicted by it. That is when I came up close and personal with the disease and gained information about it from my doctor. The most important transport fluid in the human body is the blood and the composition of which is complex and intricate. Anemia is the most common blood disorder which arises when there is a decrease in the number of RBC’s or in the amount of hemoglobin in the body. Since the primary work of RBC’s is to supply oxygen, shortage of it causes oxidative stress in the cells which leads to further clinical complications. The degree of the disease depends on the severity and the type of

Small Scale Industries Essay Example | Topics and Well Written Essays - 2500 words

Small Scale Industries - Essay Example As an example consider the case of Jordan. The strength of SSI in Jordan was 84% of the total established industries during the period of 1990-1998 which escalated to almost 90% of the total industries during the period of1999-2006 (Hachure cited in Lozi, 2008).Contrary to this , the Mexican experience shows that only 70.000 projects go to the second year from 200,000 started annually. (Bencivenga, V. Bruce, S. and Starr, R. 1995). Different countries have different ceiling of labor size for an industry to be labeled as small scale. For e. g. 15 workers in Iraq and Ghana, while Egypt, Belgium and Denmark have raised the ceiling for labor not exceeding 50 workers. In contrast , countries such as France and Italy adopted the criterion of 500 workers to distinguish between small-scale and other industries But in Japan and in the United States the total number of workers working in small scale industries was set at 300 in Japan and 1000 workers in the United States(Subramanian 1995). The globally important sector has not been free from dilemma and troubles in the post-reforms period; whether it is lack of infrastructure, technology or is of credit crunch. The present research is an attempt to analyze national policy decisions and industry initiatives affecting the sector, particularly in the developing nations where these industry have considerable economic importance.. 2. Literature Review 2.1 Pre-liberalization factors affecting SSI In the developing countries, Small scale Industries (SSI) have been pioneer in generating employment. These have greater advantage compared to the large enterprises in manufacturing especially in items that involve a larger share of value added from labor. The SSIs employ not only skilled but semiskilled and even unskilled labor. Manufacturing sector has better prospects in the trade particularly if the product is competitive, durable and upto the standards (Morris and Basant, 2006)). The SSIs were contributing to GDP considerably prior to liberalization also (Table -1) (World Bank, 1986). Morris and Basant (2006) have critically analyzed some of the areas that have affected growth of SSI in India. These are: The researchers have found policies based on reservations, duty concessions, directed credit, and government regulation, controls, and extension and such short sighted policies began initially for SSI; the macro- economy favoring policies such as monetary, fiscal, infrastructure and development oriented remained inadequately addressed. The non-affordability of infrastructure by SSIs is a deterrent to their expansion and survival in this liberalization period. SSIs have capacity to grow upward provided given impetus Table -1. The Japanese experiment has shown the way as to how the traditional industries, producing a wide variety of consumer products, could evolve into small and medium enterprises (SMEs) when these are able to renew technology and do not have financial crunch. India, of all the developing nations, was at greatest advantage to cash on falling tariffs under General Agreement on Tariffs and Trade (GATT) in textile and many light engineering, handicraft and other manufacturing units.

Anti-trust behavior of Microsoft Essay Example | Topics and Well Written Essays - 500 words

Anti-trust behavior of Microsoft - Essay Example Further, there were no technical barriers to enter into the market as the product was not developed by using some unique skills or material which were not available to other suppliers in the market.   (Chan, The Seattle Times)There are however, certain other conditions to be met if one can completely characterize a firm as a pure monopoly. One of the key characteristics of monopoly market structure is the high barriers to entry either through technological sophistication or through other legal barriers. Further, seller must have the ability to discriminate on price by either reducing the quantity or price in order to sell more. It was the overall quality and ease with which a general consumer can use Microsoft’s operating system which made it the number one choice for the consumers. The price as well as the graphical user interface of the operating system actually made it simpler for the end users to operate the system.Monopolies could be good because they are quick to achie ve the economies of scale and avail lower average variable cost. Low cost therefore could result into the low prices therefore monopolies could be helpful in allowing consumers to enjoy lower prices. For example, Google’s search engine services are offered free of cost despite the fact that Google also has achieved the virtual status of a monopoly in the search engine market. Though Google is a monopoly however, its services are offered free of cost to every user therefore this type of monopoly can be good.

How to Become a Lawyer Essay Example for Free

How to Become a Lawyer Essay Career Description: * Criminal lawyers have the same basic duties as other lawyers. * First, they advise their clients of their legal rights and responsibilities, as well as any potential problems. * Second, they represent their clients before the courts. Third, they research rules, regulations, and previous cases. * Finally, they prepare legal documents. In each case, lawyers interpret the law and apply it to specific situations. In the courtroom, criminal lawyers act on one of two â€Å"sides:† the defence or the prosecution. * Defence attorneys represent people who have been charged with criminal offences (for example, murder or theft) by making a case that supports their clients’ innocence. * On the other hand, prosecuting attorneys—usually called Crown attorneys or Crown counsel—act for the government on behalf of the public. They form cases against defendants by convincing juries to view the facts as evidence of guilt. * Both prosecuting and defence attorneys are responsible for preparing their cases before and during the trial. Education Training: To become a lawyer, you must attend law school and complete a law degree. Before applying to law school, you must complete at least 2 years of undergraduate studies at university (except in Quebec, where you can get into law school straight from a CEGEP). However, because the admission process is extremely competitive, most applicants have at least a bachelor’s degree. Bachelor’s degrees usually take 4 years to complete. To get into law school you need very good marks. You almost always need to write an aptitude test called the Law School Admission Test (LSAT) as well. After graduating from law school, you still need to work for approximately 1 year as an articling student, under the direction of licensed lawyers (fortunately, you usually get paid for this part) before you can become a licensed lawyer. Then you have to successfully complete the bar admission program, including classes and exams, which several weeks to several months to finish.

Parent Teacher Behavior

Parent Teacher Behavior The correlation of a good parent and teacher relationship Parents and teachers constitute two of the most important information sources of young childrens social skills. However, Parents and teachers often are very influential adults in childrens lives, and thus they can provide important perspectives and information concerning childrens behavior. Parents are unique compared to other adults in that they often have observed their childrens behavior across time and across diverse situations. It declared that parents often are aware of subtleties in their childrens behavior and are able to observe them in different contexts, and, therefore, they should be included in the assessment of their children. Inclusion of mothers, fathers, and teachers as assessors allows for comparisons regarding their agreement about childrens behavior across situations with consideration of physical location as well as with sensitivity to differential behavioral values. (Mouly, 2000) In research it has been found that teachers benefit from involvement with parents. Teachers who had high involvement with parents indicated that they were more proficient in instructional and professional activities, devoted more time to instruction, and maintained better parent relationships than did teachers who had little contact with parents. As a result of these reciprocal benefits of parent-teacher relationships, others have encouraged the use of home school collaboration programs to help modify childrens academic and social behavior in school. (Slavin, 2005) Parents play an important role in an exceptional childs life and must inform teachers of their special conditions since no two children are alike. (Mouly, 2000) Teachers can be very helpful in supporting a childs treatment once parents inform them about the disorder. Parents can provide information to the teachers and school personnel about their childs medication or other special needs. From here, teachers can provide parents with occasional progress reports. Even if a child is not active at school, teachers should be informed that treatment can improve the childs ability to learn. However, misunderstandings between student, parent and teacher are common, but can be lessened with early communication between parent and teacher. The first contact between parent and teacher should be made before problems arise with the student. Parents can get involved in school activities in many ways, they can assist teachers with class once a week, volunteer to talk to the class on a particular topic, help with field trips or donate supplies for special events or projects. Some techniques that have effectively been used when working with parents of exceptional students are as follows, effective use of home liaisons, teachers who go on visits with home liaisons to enhance communication between school and parents, treating the parents with respect, encouraging their continued assistance with their childs education, and complimenting them on participation in their childs education. Some other suggestions for improvements that could be made are, training parents specifically in their roles in Individual Education Plans and School Evaluation Teams; obtaining through interviews and observations, viewpoints and feelings of parents; communication through media forms (announcements about appropriate meetings); guest speakers for parent meetings who would give in depth training concerning parental rights, early intervention, and transition plans; all teachers should be required to make personal contact with parents even if there is no apparent intervention neede d, this will keep the door of communication open; activities taught at school that would have a parent participation component included at home. It is very important that teachers help the parents of exceptional children to learn their rights. (OCD, 2005) Some of these parents dont know them at all and some only know bits and pieces that seem misconstrued. Teachers are required to have the parents sign their parental rights at all the meetings with the Diagnostician that would be concerning the childs education. It would be helpful for the parents to know and understand what they are signing for them to feel more comfortable. Most parents are kind of scared to sign things that they are unsure about, and then they are tense and unable to really make the best decisions about their child. (Slavin, 2005) In conclusion, I feel that working with parents of exceptional students will cause a mix of emotions. You are required to be on your toes at all times and they expect you to know everything, but as long as you treat them with respect and follow the simple guidelines from this paper, you shouldnt have a problem. You just have to keep in mind that you are teaching their pride and joy exceptionalities and all. References Mouly, G. (2000). Psychology for effective teaching. New York: Holt, Rinehart and Winston. OCD Resource Center, (n.d.). Child adolescent ocd. Retrieved Mar. 20, 2005. Slavin, B. (2000). Learners with exceptionalities. Ford, D. (1996, Aug 05). Good parent-teacher relationship benefits children. College ofAgriculture and Home Economics, Retrieved Mar 20, 2005 Jones, D. (1997, Mar ), Working with navajo parents of exceptional children. Communication is the key. Retrieved Mar. 20, 2005, from Children, Youth and Family Establishing a parent-teacher relationship. (1998).

Abortion Should Remain Legal Essay example -- The Right to Life, Pro-Li

Abortion. This one word, or statement in this case, can be defined as death to some and as life to others. With two completely different explanations of a word, it is obvious that abortion is probably one of the leading topics of controversy in the world today. So, who will win the fight? The pro-choice supporters, or the pro-life supporters? It has been a battle since the first laws of abortion were enforced in the 1820’s. Neither parties are right, however neither is wrong. Abortion is a personal opinion that is conducted according to the personal reason. Honestly, although there are several people, pro-choice to be exact, that disagree, the question I ask is â€Å"Why should abortion be legal†? Isn’t it murder? Isn’t it taking a helpless souls life? In a case of an abortion, the child doesn’t stand a chance. It is unfair to the innocent and selfish of the one who makes the decision to abort the child. A legitimate reason can’t be found to take a life. When someone hits a motorist and kills them by car accident, they are prosecuted for involuntary manslaughter. These people serve time for the crime that they commit. Abortion only differs in one way; it is voluntary. The average punishment for voluntary manslaughter is life behind bars. If someone abuses a child to the point of death, they are prosecuted for homicide and will likely serve their entire life in prison. Abortion is the same as child abuse to the point of death. With legalized abortions, at the time that someone has the abortion, they hav e the procedure, and walk free and clear, several feeling no regret or guilt from their actions at all. They should have to pay for their selfish acts. The right to a legal abortion is allowing the mistake of pregnancy to become ... ...ose that are sexually assaulted. As for those that it is a personal choice to discontinue the pregnancy, I do not believe that it should be legal for personal reasons. There are thousands of people that are waiting to adopt newborns, therefore if there is not a health concern for the mother or the child, the abortion should not be allowed. I believe that this would teach our society to practice safe sex and to administer birth control more freely. So, abortion, legal or not legal? That is our question. Thinking critically, I believe that it is necessary to be a legal procedure only with limitations however. I also believe that it is the business of the pregnant women that is considering the abortion. Our society does not have a right to judge someone by the actions. Only God will judge us one day and he is the one for us to assure that we will do by his will.

History and Development of Equity Essay

It is important to appreciate, especially when reading older cases on the law oftrusts, that there were, until 1873 in England, two main separate courts – courts of lawand courts of equity. Trust law was a product of courts of equity. We will thus look at:(i)the meaning of â€Å"equity† that is associated with courts of equity;(ii)the origins of courts of equity; (iii) the development of the law of uses and trusts; (iv) the transfer of equity jurisdiction to Canada; (v) the current status of the fusion of law and equity. II. Objective: Be able to describe four different meanings that might be associated with â€Å"equity† andthe definition of â€Å"equity† that is important for our purposes. The word â€Å"equity† has several different meanings. Let’s examine some of thosemeanings and then focus on the meaning that is important to us in understanding the lawof trusts. A. Equity as â€Å"Fairness† One meaning of the word â€Å"equity† is â€Å"fairness† or â€Å"justice†. This is oftenreflected in expressions such as â€Å"employment equity†, â€Å"pay equity† or â€Å"distributionalequity†. People speak in terms of what is â€Å"fair† or â€Å"just† but there is often considerabledisagreement as to what is fair or just. This concept of â€Å"equity† is not the concept ofâ€Å"equity† that we mean when we speak of what courts of equity did. B. Equity as Net Worth The word â€Å"equity† is also used to mean net worth. That is, the amount one retainsafter creditors have been paid. For instance, shares in a corporation are often describedas â€Å"equity investments†. The shareholders are entitled to what is left over after thecreditors are paid off. Similarly, people speak of having â€Å"equity† in their house. Forexample, a person might buy a $400,000 house by making a $100,000 downpayment andborrowing the remaining $300,000 to pay the rest giving the lender a security interest (orcollateral) in the house by way of a mortgage. The $100,000 would be that person’sequity in the house. If the person were able to pay off $50,000 on the loan then theperson’s equity in the house would rise to $150,000 (i. e. the value the person would have 2 invested in the house net of paying the lender (or creditor)). The person’s equity in thehouse would, of course, vary with the market value of the house. This use of the word â€Å"equity† has its origins in a creation of courts of equity. Courts of equity developed the concept of the equity of redemption. To borrow money aborrower often had to provide some form of security interest (or collateral). A commonmethod of doing this was to convey the legal title to the lender until the debt was paid. The agreement under which the loan was made required the lender to reconvey theproperty to the borrower if the debt was paid by a specified date. If the borrower failed topay by that date the lender could keep the legal title to the property. Often lenders wouldretain the property even though the borrower was just a day late in paying. Courts ofequity addressed this by allowing the borrower to pay in a reasonable period of time,often allowing the borrower as much as several years to complete payment on the debt. This was known as the equity of redemption – the right of the borrower to pay off thedebt and get the property back (and thus the value of the borrower’s interest (or equity ofredemption) was the value of the property less the amount of the unpaid debt. While the equity of redemption was a product of the courts of equity it is still notthe concept, or definition, of equity that we are looking for. C. Equity as a Corrective to Law Legal rules can work injustices in situations that weren’t anticipated when the rulewas created. All legal systems need some mechanism to address this problem. In civillaw systems it is usually a combination of broadly drafted code provisions and liberalinterpretation together with a concept of non-binding precedent. In England courts ofequity arguably had their origins in the performance of this corrective to law function. But as courts of equity developed they developed their own rules that were often rigidlyinterpreted and thus arguably came to no longer perform this corrective function. D. Mere Equities There are also what are referred to as â€Å"mere equities†. These are defences to legalactions that were created by courts of equity. Consider, for instance, the defence of setoff in the context of an assignment. In the 17 th century courts of equity developed the concept of assignment. Suppose, for example, A owed B $10,000. B could assign to Cthat right to receive $10,000 from A. But suppose that B owed A $3,000 in a separatetransaction. If B had claimed the $10,000 from A, A could have set the right to receive$3,000 from off against B’s claim for $10,000 (i. e. allowing A to just pay $7,000). C wassaid to take â€Å"subject to the equities† when B assigned to C the right to receive $10,000from A. That allowed A to assert the right of set off against C thus allowing A to just payC $7,000. C would have to seek the other $3,000 from B. Other â€Å"mere equities† that Ctook subject to would include claims that A might have as defences to B’s claim. Forinstance, A might have claimed against B that the debt arose due to duress, mistake,misrepresentation or fraud. A could also assert these defences against C. In other words, 3 C took subject to the equities of the situation between A and B. These defences of Awere so-called â€Å"mere equities†. E. Maitland’s Definition of Equity The meaning of equity that is relevant for our purposes is the meaning thatMaitland gave: â€Å"Equity is now that body of rules administered by our †¦ courts of justice which,were it not for the operation of the Judicature Acts, would be administered onlyby those courts which would now be known as Courts of Equity. † Equity came to be a body of rules. Here is a simple story that perhaps roughlycaptures how this came about. Spouses A and B have two children, X and Y. Oneevening X goes to spouse A and asks to stay up beyond the specified bedtime of 8:00p. m. X argues that there are special circumstances that particular night in favour of beingable to stay up beyond the normal bedtime. A says no. The rule, according to A, is thatbedtime is 8:00 p. m. – no exceptions. X goes to spouse B, the established ultimateauthority in the house, and makes the argument in favour of extending bedtime to 8:30p. . on the particular evening. Spouse B thinks the arguments in favour of extending thebedtime are fair and allows X to stay up until 8:30 p. m. The next night child Y goes tospouse A to ask for an extension of bedtime beyond the normal bedtime of 8:00 p. m. Spouse A sticks to the rule of 8:00 p. m. so Y goes to spouse B. Y makes arguments infavour of extend bedtime on this particular night to 9:00 p. m. The perceptive spouse B(whose pe rception greatly shortens the story) sees the potential for things to unravelthrough a series of claims for exceptions. Spouse B realizes that some restrictions, orrules, will be needed on just when the decisions of spouse A will be interfered with. Spouse A in the story is, of course, intended to be somewhat analogous to a court of lawwhile spouse B represents a court of equity. While spouse B, or a court of equity, mightbegin with the simple notion of doing what is â€Å"fair,† or providing a â€Å"corrective† to thelaw, eventually some rules are created as to when a â€Å"corrective† order will be provided. TheChancellor would draft new writs for actions in the common law courts but by 1350 thecommon law courts had begun refusing new writs on the basis that they were not inconformity with the law. This led to more substantive bases for complaints wherelitigants felt they could not get justice in the common law courts. It was in the context ofthese complaints that the Chancellor began performing equity in the sense of a correctivejustice. For example, courts of law at the time took written documentation of a debt asirrefutable evidence that the debt was owed. Normally when the debt was paid thewritten document would be cancelled. Sometimes, however, the document was notcancelled and the lender would claim again on the debt. Because the written documentwas irrefutable evidence of the debt, the debtor could not prove by other means that thedebt had been paid. The debtor could then file a bill with the Chancellor and provideother evidence that the debt had been paid. The lender would then be called upon toanswer a series of questions posed by the Chancellor. If the defendant (the lender) couldnot provide satisfactory answers the Chancellor would make an order telling thedefendant not to enforce the judgment received from the common law court. This cameto be known as a â€Å"common injunction. † 5 3. Equity Follows the Law and Acts in Personam Here one can see a couple of important things about equity. First, equity followsthe law. The Chancellor did not say the common law rule that written evidence of thedebt was irrefutable. That rule remained. Thus equity took the common law as given andsimply acted in response to decisions of the common law courts. This is sometimesreferred to as the rule that equity follows the law. Second, equity acts in personam. Theorder of the Chancellor did not create a legal right or a property right. If the Chancellorfound in favour of the plaintiff the Chancellor would make an order against thedefendant. 4. From Ecclesiastic Chancellors to Non-ecclesiastic Chancellors Until the early 16 th century chancellors were bishops, archbishops or even cardinals. They were thus usually trained in Roman law and canon law (perhaps lendingsome weight to the notion that the law of trusts may have had its origins in Roman lawand canon law concepts). After the early 16 th century chancellors were seldom ecclesiastics. By the mid 15 th century (around 1430) a court of chancery was set up at Westminster. B. Development of the Law of Uses and Trusts Objectives: 1. Note the early form of the â€Å"use. † 2. Identify and explain three ways in which the â€Å"use† was employed in its earlydevelopment. 3. Note the non-recognition of the use and one of the benefits of its non-recognition. 4. Briefly discuss the recognition of the use. 5. Discuss the reasons for the Statute of Uses and its effect. 6. Note two word formulas that were used in an attempt to avoid the Statute of Uses andthe eventual recognition of these formulas. 7. Explain the reason for the enactment of the Statute of Wills. . â€Å"Uses† – Franciscan Friars, Crusades and the Form of the â€Å"Use† Uses and trusts was an area in which the Chancellor began developing a body ofsubstantive law. As noted earlier, early forms of trusts may have included the concept ofthe use employed by donors to Franciscan friars or by owners of estates leaving on thecrusades. These early forms of t rusts were expressed as conveyances to the use ofanother. In other words, X would convey property â€Å"to A to the use of B† (â€Å"use† derivingfrom the Latin term opus, ad opus meaning â€Å"on behalf of†). In addition to the possible 6 early employment of uses by Franciscan friars or in relation to the crusades, people cameto realize a number of other ways of employing â€Å"uses† to their advantage. 2. Other Ways in Which the Use was Employed a. To Avoid the Feudal Burdens of Wardship and Marriage For instance, the use could be employed to avoid the feudal burdens of wardshipand marriage. The male heir of a tenant under the age of 21 and the female heir of atenant under the age of 16 became the ward of the Lord if the tenant died. The Lord tookthe profits of the land until the child reached the age of 21 (or 16 in the case of a female)and had the right to determine the marriage of the child. This could be avoided byputting the land in the hands of one’s friends, say A, B and C, for one’s own use (i. e. Xconveys to A, B and C for the use of X). This way if X died the feudal burdens ofwardship and marriage did not apply to X’s children since X did not â€Å"own† the land (i. e. was not the legally recognized tenant). A, B and C were the legally recognized tenantsand it was they who owed the feudal burdens. If A died, however, A’s children did notbecome wards of the Lord because the rights in the land passed to B and C by right ofsurvivorship. b. To Avoid the Feudal Requirement of Forfeiture for Treason or Escheat for Felony Feudal land law required that the rights to land be forfeit for treason or wouldescheat to the Lord if the tenant commited a felony. This could be avoided by theemployment of the use since once X conveyed the property to others for the use of X, Xwould no longer be the legal owner (or tenant). Thus commition of treason or a felonycould not result in forfeiture or escheat since X had no property to forfeit. X, however, could still enjoy the profits or use of the land by virtue of the device of the use. c. To Avoid Creditors The use also allowed one to avoid creditors. X would convey to A, B and C to theuse of X. If creditors sought to claim the rights to the land as an asset of X, X’s simpleanswer was that the rights to the land did not belong to X. This was facilitated in theearly days not only by courts of aw not recognizing the use but by the fact thatChancellor also did not, in those early days, recognize the use. Thus X had no legal titlethat the creditors could seize and also had no equitable title that the creditors could claim. d. To Effect Testamentary Dispositions of Land Courts of law held early on that one could not, on one’s death, make a gift of landby testamentary disposition. This was avoided by conveying the property during one’slife to another for the use of oneself and then, on death, to the use of those to whom onewished to make a gift. In other words, X would convey the property to A for the use of Xduring X’s life and then to the use of Y. 7 3. Non-recognition in Courts of Law or byt the Chancellor The use was not recognized in courts of law. Initially it was also not recognizedby the Chancellor. Thus there was no legal mechanism for enforcing uses. It was largelya matter of honour and one had to rely on other mechanisms of enforcement rather thanan order for damages from a court of law. On the other hand, it was the non-recognitionof the use in courts of law that gave it some of its advantages. For instance, theavoidance of creditors or feudal burdens depended on the law not recognizing the cestuique use as having any right or title to property enforceable in a court of law (or even anequitable interest recognized in the Court of Equity). 4. Subsequent Recognition by Chancellor This reluctance of courts of law to enforce uses led to appeals to the King toenforce the use. Appeals to the King were made on the basis that the King was theresidual source of justice. The King could provide justice where the courts wereunwilling to (or unable to because the complaint did not fall within the recognized formsof action). Initially the Chancellor did not recognize the use but, with an increasingnumber of complaints against faithless trustees, the Chancellor began to recognize usesby about the beginning of the 15th century (in 1420). The Chancellor would make anorder against the feoffee to uses (trustee) to comply with the obligations they had agreedto in favour of the cestui que use (beneficiary). For example, if A conveyed land to B forthe use of C but B retained the profits of the land to himself C could complain to theChancellor. The Chancellor would call upon B to explain why he had kept the profitsand if he had no good explanation then he would be ordered to restore the profits to C(i. e. , what we would now call the remedy of â€Å"accounting†). The right of the cestui queuse was against the feoffee to uses and thus a personal (or in personam right) but later itwas held that these beneficial rights could be enforced against third parties other than abona fide purchaser without notice and thus the right of the beneficiary came to lookmore like a proprietary (or in rem) right. 5. Later Statute of Uses to Prevent â€Å"Uses† The recognition of the use by the Chancellor led to an increased employment ofthe use. The employment of the use to avoid feudal burdens led to a reduction in thefeudal rights to Lords, most notably to the ultimate Lord, the King. There was also theconcern that rights created through the use could be created without writtendocumentation (i. e. , orally or by an oral direction to the foeffee to uses). The King’sresponse was to urge Parliament to pass the Statute of Uses in 1535. This statuteprovided that the person in whose favour the use was made became the legal owner of therights to the land. In other words, prior to the Statute of Uses when X conveyed to A for the use ofB, A was the legal owner of the land but it was to be used for the benefit of B. After theStatute of Uses when X conveyed to A for the use of B the conveyance to A was ignored 8 and the whole expression was treated as a conveyance directly to B. Thus B became thelegal owner. So let’s go back to the employment of the use by X to avoid the feudal burdens ofwardship and marriage. X conveys to A, B and C for the use of X. This conveyance onlyoperated to convey property from X to himself and thus was no conveyance at all. Inother words, X could no longer avoid feudal burdens by the employment of the use. Xstill had the legal title to the land in spite of the purported conveyance. 6. Ways Around the Statute of Uses As suggested above, the use had a number of advantages. Not surprisinglyattempts were made to recapture its benefits despite the Statute of Uses. It was not longbefore creative ways were found to avoid the effect of the statute. Of the techniques ofavoiding the Statute of Uses perhaps the most important was the employment of a useupon a use. The use upon a use was effected by conveying â€Å"A to B for the use of C in trust forD† or â€Å"A unto and to the use of B in trust for C†. In the first wording the Statute of Usesoperated to make C the legal owner of the land. But C held the land in trust for D. Courts of law did not recognize the second use (or trust) since it was repugnant to the usegranted to C [Tyrrel’s case (1557), 73 E. R. 336]. Initially Courts of Chancery alsorefused to recognize the second use. Courts of Chancery, however,later came torecognize the second use [in Sambach v. Dalston (1634), 21 E. R. 164]. The effect of this was that the use was restored to its pre Statute of Uses statesimply by the addition of a few words in the form of conveyance. 7. The Statute of Wills One of the advantages of the use was to effect a testamentary disposition of rightsin land. With the enactment of the Statute of Uses, and before the recognition of the useupon a use, the use could no longer be employed to effect a testamentary disposition ofproperty. The apparent abolition of the testamentary employment of the use was not wellreceived. It led to a rebellion which resulted in the Statute of Wills in 1540 whichpermitted a person make a testamentary disposition of property. 9 C. Development of Equity and Trusts After 1550: From â€Å"Conscience† toâ€Å"Equity† Objective: Briefly describe the development of Equity and trusts from 1550 to 1700. 1. Growing Popularity of Courts of Equity and Conflict with Courts of Law The early simplicity of procedure in Chancery courts made them popular. Thenumber of matters brought before the court of chancery in the 16 th century grew significantly. This led to competition between Chancery and common law courts. Judges in common law courts did not like the common injunctions issued by Chancerycourts. In Finch v. Throgmorton in 1598 [3 Bulstr. 118] the validity of commoninjunctions was referred to all the judges of England and were pronounced by them to beinvalid. Lord Chancellor Ellesmere continued to issue common injunctions. Lord Coke,who became chief justice of the Court of King’s Bench in 1613, criticized commoninjunctions claiming that the tendency of courts of equity to re-examine common lawjudgments and to issue orders against the enforcement of common law judgments tendedto subvert the common law. In Heath v. Ridley in 1614 [2 Cro. 335] Lord Coke broughtthe issue to a head when he refused to accept a common injunction issued by LordEllesmere. The King ruled in favour of Lord Ellesmere and Lord Coke was laterdismissed from office. 2. Courts of Equity Survive the Civil War and Removal of the Monarchy After the English Civil War in the 1640s and 1650s Parliament voted in favour ofthe abolition of the court of chancery (in part because of its close association with themonarchy) but the House could not agree on legislation to transfer chancery jurisdictionto the common law courts. Thus the court of chancery survived through to the restorationof the monarchy. 3. Seventeenth Century Developments – Equity as a Body of Substantive Law By the late 17th century the role of Chancery was expanding with control overwardship and the development of fiduciary guardianship, the equity of redemption, andassignment of choses in action. In other words, the court of chancery was developing itsown substantive law. The court was applying â€Å"equity† as a body of substantive law ithad developed and was less the court of â€Å"conscience† it had been in the past. Many developments in equity came to be reflected in the â€Å"common law† itself oftenthrough legislation (e. g. Statute of Wills), but sometimes by common law courtsborrowing concepts from equity. The development of reporting of Chancery decisionsafter 1660 contributed to the development of a body of principles of equity. By the endof the 17th century the court of chancery had developed concepts such as the equity ofredemption and the assignment of choses in action. 10 The way the trust was being used was also changing. By the late 17th century thetrust was being used not just to hold property but to manage property by giving trusteeswide powers to manage the property, improve it, mortgage land, pay off debts, provideincome for widows and dependants, educate children, etc. D. Equity and Trusts, 1700-1900: Disaffection, Reform and FusionObjective: Briefly describe the development of Equity and trusts from 1700 to 1900. There were developments of equity in the 18th century. Equity was the mainsource of protection of copyrights and trademarks since these could be protected throughthe equitable remedy of injunction. Equity† was becoming more and more a body ofsubstantive law rather than just a collection of equitable maxims. The 18 th century also saw the development of of the business trust in part inresponse to the Bubble Act of 1720 that had prohibited an early precursor to thecorporation referred to as a joint stock company (which was really a large partnership). Trusts in the 18 th century in creasingly took the form of a fund of investments, such asstocks and bonds, that the trustee would administer for the benefit of others rather thanbeing used primarily for the holding of land. However, growing procedural complexity caused the court of chancery to becomeincreasingly slow and inefficient resulting in a reduction in cases. The Chancellor dealtwith all cases directly. Proceedings were done by way of written interrogatives followedby written depositions in response. Copies were made for all parties and werehandwritten by law writers. Fees were paid instead of salaries which gave personsinvolved an incentive to prolong proceedings. The slow process was remarked on by aToronto lawyer (Skivington Connor) in 1845 concerning the process of the court ofchancery in Ontario at the time, That’s the business I like, the pace slow and dignified, the pay handsome, and agentlemanly understanding among practitioners to make it handsomer. †There was some response to the slow pace of the court of chancery prior to the enactmentof the Judicature Act of 1873. In 1813 a vice-chancellor was appointed. A Court ofAppeal in Chancery was created in 1851 and the Court of C hancery was given powers touse juries to try facts. Similarly in the 19 th century common law courts were given powers to grant injunctions and admit equitable defences. Thus there was somemovement toward fusion of courts of law and courts of equity. Eventually the Court ofChancery was abolished in 1873 and the common law courts took over the administrationof both the common law and equity. 11 III. HISTORICAL DEVELOPMENT OF EQUITY IN CANADA Objectives: Be able to briefly trace the history of the exercise of equitable jurisdiction in the Atlanticprovinces, Ontario, Quebec, the West and the North. The reception of equity jurisdiction in Canada varied from province to province inthe eastern provinces. The timing of the settlement in and creation of most of the westernprovinces was in the latter part of the 19 th century when the merging of courts of law and courts of equity was already being considered in England. A. Atlantic Provinces In Nova Scotia the Governor, as Keeper of the Great Seal, exercised equityjurisdiction (as early as 1751 when the first bill in equity was filed). This approach wasextended to Prince Edward Island and New Brunswick when these colonies were created(in1769 and 1784 respectively). In Nova Scotia matters were decided on the advice of acouncil until 1764. In 1764 three â€Å"Masters in Chancery† were appointed to assist theGovernor. Initially these Masters in Chancery were not legally trained but by later in the19th century legally trained masters of the rolls were appointed in Nova Scotia, NewBrunswick and Prince Edward Island. The merging of law and equity jurisdiction occurred in New Brunswick and NovaScotia well before the enactment of the Judicature Act in England in 1873. In NewBrunswick in 1854 and in Nova Scotia in 1855 the position of master of the rolls wasabolished and equity jurisdiction was transferred to the Supreme Court. The merging ofcourts of law and courts of equity in Prince Edward Island did not occur until 1974. Newfoundland did not follow the model of the Governor exercising equityjurisdiction. Instead equity jurisdiction was exercised by the Supreme Court and thispractice was later codified in 1825 (almost 50 years before the merging of courts of lawand courts of equity in England). 12 B. Ontario and Quebec Quebec Equity jurisdiction lasted only briefly in Quebec. From the Royal Proclamationof 1763 the Governor of Quebec sat as Chancellor until Quebec Act of 1774 restored thecivil law system to Quebec. Ontario Governors in Ontario, curiously, refused to exercise equity jurisdiction. It hasbeen suggested that this may have been due to pressure from lenders since without theexercise of equity jurisdiction there would be no equity of redemption in favour ofdebtors. Eventually pressure from debtors mounted and a legislative form of equity ofredemption was adopted. The establishment of a Court of Chancery followed shortlyafterwards in 1837. This may have been in response to pressure from lenders again. Thelegislature having created a legislated equity of redemption for borrowers, the lendersmay have wanted to have the corresponding right of foreclosure which was also adevelopment of equity cutting off the right of redemption after a reasonable period oftime. The Ontario Court of Chancery was later absorbed into High Court of Ontario in1881. C. The West and North When courts were being established in the west and north the move towardsunifying courts of law and equity was well advanced. Thus when courts were establishedin these jurisdictions they were given jurisdiction over both law and equity. It was,however, the practice in Manitoba and British Columbia to have divisions of the courtwith a division administering law and another division administering equity with theusual restrictions on courts of law not being able to give equitable remedies. Later thesedivisions were abolished (e. g. , in Manitoba in 1895). 13 IV. FUSION Objectives: Be able to: (i)Distinguish between procedural and substantive concepts of fusion. (ii) Provide an example of the potential practical effect of the distinction. (iii) Briefly discuss the current status of the debate over the fusion of law and equity. A. Procedural vs. Substantive Fusion What did the Judicature Act in England in 1873 do? Did it merge the rulesapplied by courts of law and the rules applied by courts of equity into a single body oflaw? Or did it simply allow for court proceedings to be started in one court that hadjurisdiction to apply rules of law and rules of equity without any formal merging of thetwo bodies of rules? In other words, did it provide for substantive fusion or proceduralfusion? Substantive fusion means that the rules of law and equity are merged into a singlebody of rules. Procedural fusion means that one can apply to a single court following asingle court procedure and that court could administer both rules of law and rules ofequity and apply remedies of the sort that were formerly available in either a court of law(e. g. damages) or a court of equity (e. g. injunction, specific performance, accounting). The difference is often captured by the Ashburner’s [Principles of Equity (London: Butterworths, 1902)] so-called fluvial metaphor: â€Å"The two streams of jurisdiction, though they run in the same channel, run side byside and do not mingle their waters.In that metaphor law and equity are perceived as two separate streams (courts) that cometogether (in one court). Ashburner’s statement using the fluvial metaphor says that thefusion was procedural only. In other words, the two streams came together but the watersof the two streams (rules of law and rules of equity) did not intermingle but ran side byside in the same channel (i. e. could be applied by the same court). In the metaphorsubstantive fusion is perceived as an intermingling of the water from the two streams intoa single integrated stream. The Judicature Acts dealt with some areas of conflict and provided a general rulethat where rules of law conflicted with rules of equity the rules of equity were to prevail. Cases: [Walsh v. Lonsdale (1882)] [United Scientific Holdings v. Burnley Council, [1978] A. C. 904 (H. L. )] 14 [Fusion resulting in equity prevailing over common law or was it in fact common lawprevailing over equity] [LeMesurier v. Andrus (1986) Ont. C. A. ] B. An Example of the Practical Legal Effect Canson Enterprises Ltd. v. Boughton [1991] 3 S. C. R. 534 In Canson Enterprises Ltd. . Boughtonthe plaintiff had purchased land and thenbuilt a warehouse on the land. The warehouse was severely damaged when thesupporting piles began to sink. The plaintiff successfully sued the engineers but theyturned out to be judgment proof. The plaintiff then sued its solicitor who had made asecret profit from the purchase of the land. They claimed that as a solicitor the solicitorowed them a fiduciary duty not to make a secret profit from a transaction in which thesolicitor was acting on behalf of the plaintiff as purchaser. That claim was based onprinciples developed by courts of equity which had long held solicitor’s to owe fiduciaryduties to their clients and had drawn on the fiduciary duty principles they had developedin the context of trustees in setting out the scope of a solicitor’s fiduciary duties. The defendant solicitor claimed that while he would be required in equity toaccount for the profit he had made he would not be liable for the damages to thewarehouse (which were much greater than the secret profit) because his secret profit didnot ause the loss to the plaintiff from the damage to the warehouse. The plaintiff arguedthat since the claim for breach of fiduciary duty was a claim in equity principles such asremoteness, mitigation, and causation which were principles developed by courts of law,did not apply. In other words, the plaintiff was saying that there was procedural fusiononly. If a claim was based on principles that had been developed in courts of equity thenthe appli cable rules were only those drawn from developed by courts of equity not thosedeveloped by courts of law. C. The Current Status of the Fusion Debate A majority of the Supreme Court of Canada held that there was no real distinctionbetween damages in a common law claim and equitable compensation in a claim inequity and thus common law concepts of remoteness and causation could be used inassessing the remedy. In other words, they did not stick the solicitor with the fulldamages to the warehouse. Madam Justice McLachlin, as she was then, felt that theresult could be reached on equitable principles with respect to equitable compensation. Neither the majority judgment nor the judgment of Madam Justice McLachlin make itclear whether law and equity were substantive fused or merely procedurally fused. Theyboth seemed to feel that the application of common law principles and equitableprinciples in the particular case were consistent so their was no need to draw on commonlaw principles into an equitable claim. However, Madam Justice McLachlin did note thatâ€Å"we may take wisdom from where we find it, and accept such insights offered by the lawof tort, in particular deceit, as may prove useful. It thus appears that where there is aconflict one the court will resolve it with broader policy considerations. 15One should thus be alert to the potential differences between rules of law andequity and how they may impact the result but also be ready to argue for a particularresult from a policy perspective (much as the plaintiffs did in Canson by arguing that toensure that fiduciaries are held to high ethical standards they shou ld be strictly liable forall losses flowing from a breach of duty).