High School Forever Essay

After reading this article I thought to myself that this is exactly what high school sounds like it is just a social combat, some people are already on the top and do not have to try and others try to climb to the top but never make and some just stay on the bottom they do not even make an effort to climb. I know that in adolescence us teenager try to find out who we really are and to be able to define ourselves and according to the article high school is one of the hardest places to do that in. But I think that even though people experience social fear because they are sensitive towards what other people think and have the least amount of control I think that high school is beneficial because it prepares you if what is ahead. Because in life you will encounter these things so it is better to have experienced it before hand but the difference between life and high school is that in high school it is really easy to be judged and labeled where as in real life you do not really fear what others think because after high school you find who you really are, you bloom, and you become more confident in yourself and stand for what you truly believe in. So I think that even though high school can be hell sometimes it really prepares us for what is ahead, because life is not fair and we have to learn that the hard way. Well after reading the article I thought Holden Caulfield was like Kenji in the article; even though Kenji was not very popular in high school he became a very successful and became a very attractive person after high school. I think that, that will be the case with Holden because he does not really fit in anywhere. I think that he will grow out of his â€Å"not fitting in† phase and find who he really is and what matters most in his life. But I also think that he will still be judgmental and think everyone is a phony. I also think that he will realize that growing up and becoming an adult is not as scary as he presumes it may be. I think that it will take him a while after graduating high school, if he does not get kicked out of any more schools and he gets into another school. But when he does I think he will realize that maturing and being responsible is not hard. I think Caulfield is really confused when it comes to life because he does not have any grown up to really tell him what it is like to grow up, so I think that impacts his behavior towards people. I think that even though you are not the most popular and you may not have many friends in high school, it may not matter because if you know why you are there, to learn and become successful in your life, then it all works out in your favor in the end, but it is nice to have friends to not a lot just maybe a couple.

Rhetorical Analysis Franklin Delano Roosevelt Essay

â€Å"Yesterday, December 7th, 1941, a date which will live in infamy.† Those are the words of Franklin Delano Roosevelt. Those words will be eternally repeated when discussing the topic of Pearl Harbor. The words contained in this speech show his utter disdain pertaining to the attack on Pearl Harbor. The purpose of President Roosevelt’s â€Å"Pearl Harbor Address to the Nation† was to educate the nation on what had happened on December 7th. He also wanted to justify his reasons for needing to go to war with the Empire of Japan. Each and every word in this distinguished speech played on the emotions of the american people, and it provided significant support for his purpose. The powerful words Roosevelt used in the address gave strong support that grabbed the American peoples’ attention, and. One convincing statement he makes was when he said, â€Å"The United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan.† Roosevelt wanted to be sure that the congress and the nation knew the facts behind the tragedy. In that short statement he informs the people that he had no idea that the attack was coming, in his words the attack came suddenly. He also tries to explain Americas relationship with Japan before the attack in this section, â€Å"The United States was at peace with that nation and, at the solicitation of Japan, was still in conversation with its government and its emperor looking toward the maintenance of peace in the Pacific.† That showed the American people what events had taken place prior to the disaster at Pearl Harbor. He wanted the people to know that he was under the impression that the two nations were at peace, and that they were nowhere near a state of war. Another purpose for the address was that Roosevelt wanted to justify going to war with the Empire of Japan. One such section of the speech was when Roosevelt said, â€Å"The distance of Hawaii from Japan makes it obvious that the attack was deliberately planned many days or even weeks ago. During the intervening time, the Japanese government has deliberately sought to deceive the United States by false statements and expressions of hope for continued  peace†. Roosevelt tried to make his audience feel appalled by the actions of Japan in that excerpt. He wanted to show the audience that Japan was deliberately misleading the American People into having them believe that all they wanted was to make an effort for peace, when at the same time they were preparing for war. In the speech addressing the nation he stated that after the Japanese had attacked Pearl Harbor they did not stop their. They continued on to attack neighboring countries and city-states. He tried to convince the audience that not only the lives of the American people were at stake but the lives of surrounding countries that may not be able to defend themselves. â€Å"No matter how long it may take us to overcome this premeditated invasion, the American people in their righteous might will win through to absolute victory†, through this passage the president wanted to reassure his audience that if they did in fact go to war the end result would be that America will obtain absolute victory. The President not only wanted to educate the American people on the events that occurred, but he also wanted to reassure them if they did in fact go to war, they would come out victorious. Roosevelt’s striking words helped a nation recover from one of the greatest tragedies in the nation’s history. Roosevelt believed that through his words the nation would hold their ground and beat back any enemy that would come their way.

MIH514 - Cross-Cultural Perspectives Module 2 - SLP Essay - 1

MIH514 - Cross-Cultural Perspectives Module 2 - SLP - Essay Example Culture insists that the eldest male in the family is the valued head of the household and as such must be obeyed (Carahar, 2000); he has important roles and responsibilities of provision for the family in terms of accommodation, protection, decision making, education, love and sustenance. A woman’s role as mother is to manage all matters pertaining to the house, take head place when father is not at home and take responsibility for the care of children; if she works outside the home many of her duties are divided among other family members; in fact the more hours she spends in employment the less she is required to work in the house and the more assistance she gets, mostly in terms of child care and cooking (Norzareen & Nobaya, 2010). The family roles in terms of gender however, are changing with the growing need for women to join the workforce; many Malaysian parents now share responsibilities as breadwinners and keepers of the house. Each supports the other manually, emotionally and socially in order to maintain a secure family unit in today’s Malaysian society (Norzareen & Nobaya, 2010). The workforce in Malaysia is young, well educated and easily trained within the workplace; in fact around 70% are below the age of 35; its increasing economy has created a need for skilled labor that is at most times in short supply and expected to increase because of the transfer to more modern technology and high end products. The unskilled labor shortage is being filled with the importation of migrant workers from neighboring countries (Country Commerce, 2006); in fact the majority come from Indonesia with other large cohorts entering from Thailand, the Philippines, Cambodia, Pakistan, Vietnam, India , Nepal and Bangladesh (Robertson, 2008). The government has strong control over the private sector and has played a key

Comparison between the Number of Websites of the Gulf Cooperation Research Paper

Comparison between the Number of Websites of the Gulf Cooperation Council (GCC) and Its Services and E-government Website - Research Paper Example However, in order to distribute information on the internet, an interface is used, which is known as a Web site. A Web site contains a lot of hyperlinks and contents conveying the message of that particular Web site (Norton, 2001; Shelly et al., 2005). For instance, a web site of a university contains information about that university. In the same way, the Hukoomi is a Web Portal, which offers the people access to information regarding the State of Qatar. It links us with government programs, services, initiatives and events (Government of Qatar, 2012). In addition, through cooperation with government organizations and public service suppliers, the Hukoomi has appeared to build online information more readily accessible at our fingertips. Additionally, the online national web portal hosts a number of significant e-services, and government service application, documents, forms and general information (Government of Qatar, 2012). This report presents a detailed comparison between a num ber of Web sites of the Gulf Cooperation Council (GCC) and their services and other e-government websites to know the country and the needs of the Country Website development and optimization and preference. This report will present a detailed analysis of a wide variety of aspects of the Hukoomi, in comparison with rest of the Gulf States in terms of electronic services and e-government support. The basic purpose of this comparison is to determine the needs and requirements that are necessary to know for building an effective and informative web site. This analysis will determine what should be included in the web site to make it more perfect, with the intention that it could better serve its community. A detailed Comparison This section presents a detailed comparison between different web sites. For this purpose, I have divided this comparison into different parts (depending on the features of a web site). In this scenario, I will compare different features and services which are a vailable or should be available at Hukoomi but it is not there and what services are available on other portals: 1- National Overview The first feature or support that we will analyze in this comparison is about presentation of national overview. In this scenario, the Hukoomi offers a good national overview; however at this web site comprehensive national overview is missing. The national overview of Hukoomi can include information regarding national resources, population, geography and tourism. On the other hand, the Main Page of existing website does not contain such details. As this web site is aimed at presenting a detailed overview of the country so it needs to offer a brief but comprehensive overview of the State of Qatar. In this scenario, we need to add some links in a small portion of the Main Page of the website so

Power Struggle in the Victorian Era as Reflected in My Last Duchess Essay

Power Struggle in the Victorian Era as Reflected in My Last Duchess - Essay Example Browning was born in England in 1812, to an average Christian family. His father owned a rare book collection from which Robert acquired the love of books and inspiration to write. As a little boy, he was said to have learned to read at the age of five. He received education in the arts mainly at home and learned greatly from his father. His mother endowed him with belief in God which he carried on for life. Moreover, Browning is known to be the loving husband of Elizabeth Barrett Browning, who is also a well-known poet. These considerations guide readers to the thought that Browning’s theme in My Last Duchess is mainly inspired by the poet’s observation of his society. My Last Duchess illustrates the battle of the sexes in the Victorian Period. It presents the monologue of a duke who can be considered psychologically ill as he recalls the memory of his dead wife, who he kills himself. As Friedrich (656) claims, the duke in the poem is the Duke of Ferrara of Italy whose wife was rumored to be poisoned. In the poem, although the death itself of the duchess draws much interest from the audience, the seeming calmness of the Duke presents a deeper controversy. The speaker discusses his wife’s qualities as he shows his visitors a painting of the Duchess. Although he speaks calmly, his speech is marked with hesitations and contradictions (Mannle (3). He asks his guests to sit down yet seems to be ordering them, saying, â€Å"Will 't please you sit and look at her?† He asks the guests to sit down not to relax while looking at the portrait of the Duchess but instead to allow him to justify his thoughts and actions, to convince his guests to affirm him of his decision to kill his wife. The Duke attempts to convince his audience by telling them the negative qualities of his wife. He claims, †¦She had A heart . . . how shall I say?.. too soon made glad, Too easily impressed; she liked whatever She looked on, and her looks went everywhere. (21-24) The duke claims that his wife was too friendly and easily impressed, â€Å"too soon made glad, too easily impressed†(22-23). From these lines, readers can sense the jealousy of the duke. He implies that his wife was never satisfied with him, with the things he gave, and still looked at other men. Thus, he says, â€Å"Sir, 'was not/Her husband's presence only, called that spot/Of joy into the Duchess' cheek†¦Ã¢â‚¬  (14-15). In saying these, the duke reveals his struggle to please the Duchess, which is a sign of a power struggle. The power struggle is further reflected as the Duke recalls his wife’s unethical behavior. He narrates, †¦--and if she let Herself be lessoned so, nor plainly set Her wits to yours, forsooth, and made excuse, E'en then would be some stooping; and I choose Never to stoop. Oh, sir, she smiled, no doubt, Whenever I passed her; but who passed without Much the same smile? This grew; I gave commands; Then all smiles stopped togethe r. (39-46)  Ã‚  

Discus and Biomechanics Term Paper Example | Topics and Well Written Essays - 1250 words

Discus and Biomechanics - Term Paper Example It was first introduced in the modern sporting event in the 1896 Olympic Games. This maiden appearance marked the dominance of the sport in the Olympic Games (Leigh & Yu, 2007). Moreover, interest in the sport has increased significantly. In Europe mostly, the sport has become a famous trend in field and track competitions. Over the years, the track and field event has featured in major global arenas such as the Olympics and has attracted the participation of numerous personalities and nations (Hay& Yu, 1995). Its development has been gradual. Prior to attaining global significance, early modern participation in the sport was a throw from an inclined pedestal and employed an exaggerated style copied from the old representation of the event. The throw was done from a 7-foot circle. It was until 1928 that the circle was adjusted to the measurements used in the modern sporting events. In addition, the modern sport is divided into the men and women categories. The two divisions differentiate in the weight and size of the discus used. The disc has a diameter of 8.16 inches. The thickness should be 1.75 inches (Hay& Yu, 1995). The discus is made of wood or a material with similar properties. The outside of the discus is created with metal rims and small brass plated on its sides. The weight of the discus must exceed 2 kg. In 1928, the sport was included in the women’s track and field events. However, a small discus was used for women. The discus weighed 2 pounds 3.2 ounce (1kg). It measu res 7.1 inches (Hay& Yu, 1995). The major objective of the sport is to increase the participation of athletes in track and field sporting events (Hubbard & Cheng, 2007). In addition, its adaption as an Olympic event had the objective of retaining its relevance considering its great history. The creation of the sport was based on the aim to include more sports disciplines in the track and field events. Its purpose in has been influenced by the fact that the

Branding Essay Example | Topics and Well Written Essays - 2000 words

Branding - Essay Example In this context, brand name will become the trademark of the company as it exclusively identifies the brand owner as the commercial origin of products or services associated to the brand. Once a brand become very familiar in a marketplace, it gets brand recognition. When a brand becomes so popular that it enjoys a great deal of positive sentiment in the marketplace, it is said to have achieved brand franchise. This means that the brand is recognized, without the name of the company associated to it. The total value of the brand to the brand owner is termed as brand equity. It reflects the power of the brand's recognition. This concept is brought out in the book 'Brand harmony' by Steve Yastrow in which he states" The strength of a brand impression in the mind of a customer is not a function of how many times the customer has seen an ad for a product, or how powerful the message in that ad is, but by how well all experiences the customer has with the product blend to tell one cumulative, sensible story." Looking back in time to what the term brand just means, in those days, brand was a term used to denote a mark burned on the skin with a hot iron. In today's world what this term has been transformed into is a tool, which is used to create a lasting impression in the minds of consumers and to create an enduring emotional association in the consumer with a particular company or product. The phrase "brand image" gained popularity when sales patterns began to show that feelings and visuals associated with brands were powerful motivators to for consumers to purchase a particular product. So what is to be understood from the use of brands as an effective marketing tool is that people don't just buy products, they associate a product with certain values which they believe and so they buy products whose brands represent things they value and like. These values could be something like money, intelligence and so on. A brand is also seen to gain importance when it is associated with an actual person who has the same type of attributes with which a company is trying to brand a product. Let's take Chunky Soup and Philadelphia Eagles quarterback Donovan McNabb as an example. Both of them represent the qualities hearty, strong and reliable and brining them together in this way is a very useful way of sending this message to the public. When such ideas are used to build a brand's image, the brand equity turns into a source of competitive advantage and future earnings according to David Aaker1., who is a national authority on branding A look at the concept of brand extension and multi-brands There is a profusion of products in the market today, and many of them are no different from the rest of the group to which they belong. If you go into a local sandwich shop because you want to have some bottled iced tea, you will be seeing a lot of different brands such as SoBe (hip, lizard cult), Tazo (Zen and the art of tea), or Snapple (down-home, New Jersey attitude). All these brands are selling the same thing, which is sweetened flavored tea. The only way that any one of these products can appeal to you over the other is through their brand appeal, and with this we come back to the point that a brand is a very effective marketing tool. According to David A. Weinstein2, in a consumer economy which is highly competitive

Employee resourcing case study Essay Example | Topics and Well Written Essays - 2500 words

Employee resourcing case study - Essay Example because firstly the training of new employees is inadequate and secondly the relationship between the permanent employees and the temporary ones is not healthy which results in a lack of teamwork and communication (Doorewaard & Meihuizen, 2000: 39-50). Also, there are differences between the new employees and those that come again every year. Surprisingly the same work environment has dedicated permanent employees and careless temporary employees which means the environment has to be improved and the employees have to be motivated. Before beginning the recruitment program, several measures have to be taken to ensure that the new employees follow the ethos of Funtime so that customer satisfaction can be improved. To do that several theories which have been employed by other organizations can be implemented so that the employees are motivated enough to follow the rules and regulations. Another problem is the selection process for hiring the temporary employees in the work season. Funtime needs to hire approximately 450 people for several kinds of jobs including cleaning, catering, ride attendants, lifeguards and entertainers etc. however, Funtime has been experiencing problems and complaints from the customers which means that the staff that had been hired last year was not up to the standards and thus heavy compensation had to be paid because of this neglect. To improve the situation, the selection process has to improve incorporating new and innovative techniques. The strategy has to ensure the fittest is hired. As per Kennedy (2003), to do that, all employees have to be assessed including the permanent employees, the temporary employees that return and the new employees. Preference should be given to those who are team workers, who can learn a given task in the shortest given time, who have a pleasant and friendly personality, who are friendly towards new technology and those who can handle a problem situation especially with a customer. However, only a very

Illustrative Transactions and Financial Statements Answers Essay Example for Free

Illustrative Transactions and Financial Statements Answers Essay Identify potential problems with regression data. 7. Evaluate the advantages and disadvantages of alternative cost estimates. 8. (Appendix A) Use Microsoft Excel to perform a regression analysis. 9. (Appendix B) Understand the mathematical relationship describing the learning phenomenon. Why Estimate Costs? Managers make decisions and need to compare costs and benefits among alternative actions. Good decision requires good information about costs, the better these estimates, the better the decision managers will make (Lanen, 2008).. Key Question What adds value to the firm? Good decisions. You saw in Chapters 3 and 4 that good decisions require good information about costs. Cost estimates are important elements in helping managers make decisions that add value to the company (Lanen, 2008). Learning Objective One: Understand the reasons for estimating fixed and variable costs The reasons for estimating fixed and variable costs The basic idea in cost estimation is to estimate the relation between costs and the variables affecting costs, the cost drivers. We focus on the relation between costs and one important variable that affect them: activity (Lanen, 2008). Basic Cost Behavior Patterns By now you understand the importance of cost behavior. Cost behavior is the key distinction for decision making. Costs behave as either fixed or variable (Lanen, 2008). Fixed costs are fixed in total, variable costs vary in total. On a per-unit basis, fixed costs vary inversely with activity and variable costs stay the same. Are you getting the idea? Cost behavior is critical for decision making. The formula that we use to estimate costs is similar cost equation: Total costs = fixed costs + {variable cost per unit} number of units T c = f + {v} x |With a change in Activity |In Total |Per Unit | |Fixed Cost |Fixed |Vary | |Variable |Vary |Fixed | What Methods are used to Estimate Cost Behavior? Three general methods used to estimate the relationship between cost behavior and activity levels that are commonly used in practice: Engineering estimates, Account analysis Statistical methods (Such as regression analysis) (Lanen, 2008). Results are likely to differ from method to method. Consequently, it’s a good idea to use more than one method so that results can be compared. These methods, therefore, should be seen as ways to help management arrive at the best estimates possible. Their weakness and strengths require attention. Learning Objective Two: Estimate costs using engineering estimates. Engineering Estimates Cost estimates are based on measuring and then pricing the work involved in a task. This method based on detailed plans and is frequently used for large projects or new products. This method often omits inefficiencies, such as downtime for unscheduled maintenance, absenteeism and other miscellaneous random events that affect the entire firm (Lanen, 2008). Identify the activities involved Labor |Rent |Insurance |Time |Cost | Advantages of engineering estimates |Details each step required to perform an operation |Permits comparison of other centers with similar operations | |Identifies strengths and weaknesses. | | Disadvantages of engineering estimates 1. Can be quite expensive to use. Learning Objective Three: Estimate costs using account analysis. Account Analysis Estimating costs using account analysis involves a review of each account making up the total costs being analyzed and identifying each cost as either fixed or variable, depending on the relation between the cost and some activity. Account analysis relies heavily on personal judgment. This method is often based on last period’s cost along and is subject to managers focusing on specific issues of the previous period even though these might be unusual and infrequent(Lanen, 2008) . Example: Account Analysis (Exhibit 5. 1) |3C Cost Estimation Using Account Analysis | |Costs for 360 Repair Hours | |Account |Total |Variable Cost |Fixed Cost | |Office Rent $3,375 |$1,375 |$2,000 | |Utilities |310 |100 |210 | |Administration |3,386 |186 |3,200 | |Supplies |2,276 |2,176 |100 | |Training |666 |316 |350 | |Other |613 |257 |356 | |Total |$10,626 |$4,410 |$6,216 | |Per Repair Hour |$12. 25 ($4,410 divided by 360 repair-hours) | 3C Cost Estimation Using Account Analysis (Costs at 360 Repair-Hours. A unit is a repair- hour) Total costs = fixed costs + {variable cost per unit} number of units T c = f + {v} x |$10,626 = $6,216 + $12. 25 (360) |$10,626 = $6,216 + $$4,410 | Costs at 520 Repair-Hours Total costs = fixed costs + {variable cost per unit} number of units |Tc = $6,216 + {$12. 25} 520 |Total costs = $6,216 + $ $6,370 |$12,586 = $6,216 + $ $6,370 | Advantage of Account Analysis 1. Managers and accountants are familiar with company operations and the way costs react to changes in activity levels. Disadvantages of Account Analysis 1. Managers and accountants may be biased. 2. Decisions often have major economic consequences for managers and accountants. Learning Objective Four: Estimate costs using statistical analysis. The statistical analysis deals with both random and unusual events is to use several periods of operation or several locations as the basis for estimating cost relations . We can do this by applying statistical theory, which allows for random events to be separated from the underlying relation between costs and activities. A statistical cost analysis analyzes costs within the relevant range using statistics. Do you remember how we defined relevant range? A relevant range is the range of activity where a cost estimate is valid. The relevant range for cost estimation is usually between the upper and lower limits of past activity levels for which data is available (Lanen, 2008). Example: Overhead Costs for 3C ( Exhibit 5. 2) The following information is used throughout this chapter: Here we have the overhead costs data for 3C for the last 15 months. Let’s use this data to estimate costs using a statistical analysis. |Month |Overhead Costs |Repair-Hours |Month |Overhead Costs |Repair-Hours | |1 |$9,891 |248 |8 |$10,345 |344 | |2 $9,244 |248 |9 |$11,217 |448 | |3 |$13,200 |480 |10 |$13,269 |544 | |4 |$10,555 |284 |11 |$10,830 |340 | |5 |$9,054 |200 |12 |$12,607 |412 | |6 |$10,662 |380 |13 |$10,871 |384 | |7 |$12,883 |568 |14 |$12,816 |404 | | | | |15 |$8,464 |212 | A. Scattergraph Plot of cost and activity levels Does it look like a relationship exists between repair-hours and overhead costs? We will start with a scatter graph. A scatter graph is a plot of cost and activity levels. This gives us a visual representation of costs. Does it look like a relationship exists between repair-hours and overhead cost? We use â€Å"eyeball judgment† to determine the intercept and slope of the line. Now we â€Å"eyeball† the scatter graph to determine the intercept and the slope of a line through the data points. Do you remember graphing our total cost in Chapter 3? Where the total cost line intercepts the horizontal or Y axis represents fixed cost. What we are saying is the intercept equals fixed costs. The slope of the line represents the variable cost per unit. So we use â€Å"eyeball judgment† to determine fixed cost and variable cost per unit to arrive at total cost for a given level of activity. As you can imagine, preparing an estimate on the basis of a scatter graph is subject to a high level of error. Consequently, scatter graphs are usually not used as the sole basis for cost estimates but to illustrate the relations between costs and activity and to point out any past data items that might be significantly out of line. B. High-Low Cost Estimation A method to estimate costs based on two cost observations, usually at the highest and lowest activity level. Although the high-low method allows a computation of estimates of the fixed and variable costs, it ignores most of the information available to the analyst. The high-low method uses two data points to estimate costs (Lanen, 2008). Another approach: Equations V = Cost at highest activity Cost at lowest activity Highest activity Lowest activity F = Total cost at highest activity level V (Highest activity) Or F = Total cost at lowest activity level V (Lowest activity) Let’s put the numbers in the equations | | | |V = $12,883 $9,054 |V = $10. 0/RH | |568 – 200 | | F = Total cost at highest activity level V (Highest activity) F = $12,883 $10. 40 (568), F= $6,976 Or F = Total cost at lowest activity level V (Lowest activity) F = $9,054 $10. 40 (200) Rounding Difference C. Statistical Cost Estimation Using Regression Analysis Statistical procedure to determine the relationship between variables High-Low Method: Uses two data points. Regression analysis Regression is a statistical procedure that uses all the data points to estimate costs. [pic] Regression Analysis Regression statistically measures the relationship between two variables, activities and costs. Regression techniques are designed to generate a line that best fits a set of data points. In addition, regression techniques generate information that helps a manager determine how well the estimated regression equation describes the relations between costs and activities (Lanen, 2008). We recommend that users of regression (1) fully understand the method and its limitations (2) specify the model, that is the hypothesized relation between costs and cost predictors (3) know the characteristics of the data being tested (4) examine a plot of the data . For 3C, repair-hours are the activities, the independent variable or predictor variable. In regression, the independent variable or predictor variable is identified as the X term. An overhead cost is the dependent variable or Y term. What we are saying is; overhead costs are dependent on repair-hours, or predicted by repair-hours. The Regression Equation |Y = a + bX |Y = Intercept + (Slope) X |OH = Fixed costs + (V) Repair-hours | You already know that an estimate for the costs at any given activity level can be computed using the equation TC = F + VX. The regression equation, Y= a + bX represents the cost equation. Y equals the intercept plus the slope times the number of units. When estimating overhead costs for 3C, total overhead costs equals fixed costs plus the variable cost per unit of repair-hours times the number of repair-hours. We leave the description of the computational details and theory to computer and statistics course; we will focus on the use and interpretation of regression estimates. We describe the steps required to obtain regression estimates using Microsoft Excel in Appendix A to this chapter. Learning Objective Five: Interpret the results of regression output. Interpreting Regression [pic] Interpreting regression output allows us to estimate total overhead costs. The intercept of 6,472 is total fixed costs and the coefficient, 12. 52, is the variable cost per repair-hours. Correlation coefficient â€Å"R† measures the linear relationship between variables. The closer R is to 1. 0 the closer the points are to the regression line. The closer R is to zero, the poorer the regression line (Lanen, 2008). Coefficient of determination â€Å"R2† The square of the correlation coefficient. The proportion of the variation in the dependent variable (Y) explained by the independent variable(s)(X). T-Statistic The t-statistic is the value of the estimated coefficient, b, divided by its standard error. Generally, if it is over 2, then it is considered significant. If significant, the cost is NOT totally fixed. The significant level of the t-statistics is called the p-value. Continuing to interpret the regression output, the Multiple R is called the correlation coefficient and measures the linear relationship between the independent and dependent variables. R Square, the square of the correlation cost efficient, determines and identifies the proportion of the variation in the dependent variable, in this case, overhead costs, that is explained by the independent variable, in this case, repair-hours. The Multiple R, the correlation coefficient, of . 91 tells us that a linear relationship does exist between repair-hours and overhead costs. The R Square, or coefficient of determination, tells us that 82. 8% of the changes in overhead costs can be explained by changes in repair-hours. Can you use this regression output to estimate overhead costs for 3C at 520 repair-hours? Multiple Regressions Multiple regressions are used when more than one predictor (x) is needed to adequately predict the value (Lanen, 2008). For example, it might lead to more precise results if 3C uses both repair hours and the cost of parts in order to predict the total cost. Let’s look at this example. |Predictors: |X1: Repair-hours |X2: Parts Cost | 3C Cost Information | |Month |Overhead Costs |Repair-Hours ( X1) |Parts ( X2) | |1 |$9,891 |248 |$1,065 | |2 |$9,244 |248 |$1,452 | |3 |$13,200 |480 |$3,500 | |4 |$10,555 |284 |$1,568 | |5 |$9,054 |200 |$1,544 | |6 |$10,662 |380 |$1,222 | |7 |$12,883 |568 |$2,986 | |8 |$10,345 |344 |$1,841 | |9 |$11,217 |448 |$1,654 | |10 |$13,269 |544 |$2,100 | |11 |$10,830 |340 |$1,245 | |12 |$12,607 |412 |$2,7 00 | |13 |$10,871 |384 |$2,200 | |14 |$12,816 |404 |$3,110 | |15 |$8,464 |212 |$ 752 | In multiple regressions, the Adjusted R Square is the correlation coefficient squared and adjusted for the number of independent variables used to make the estimate. Reading this output tells us that 89% of the changes in overhead costs can be explained by changes in repair-hours and the cost of parts. Remember 82. % of the changes in overhead costs were explained when one independent variable, repair-hours, was used to estimate the costs. Can you use this regression output to estimate overhead costs for 520 repair-hours and $3,500 cost of parts? Learning Objective Six: Identify potential problems with regression data. Implementation Problems It’s easy to be over confident when interpreting regression output. It all looks so official. But beware of some potential problems with regression data. We already discussed in earlier chapters that costs are curvilinear and cost estimations are only valid within the relevant range. Data may also include outliers and the relationships may be spurious. Let’s talk a bit about each. Curvilinear costs |Outliers |Spurious relations |Assumptions | 1. Curvilinear costs Problem: Attempting to fit a linear model to nonlinear data. Likely to occur near full-capacity. Solution: Define a more limited relevant range (example: from 25 – 75% capacity) or design a nonlinear model. If the cost function is curvilinear, then a linear model contains weaknesses. This generally occurs when the firm is at or near capacity. The leaner cost estimate understates the slope of the cost line in the ranges close capacity. This situation is shown in exhibit 5. 5. 2. Outliers Problem: Outlier moves the regression line. Solution: Prepare a scatter-graph, analyze the graph and eliminate highly unusual observations before running the regression. Because regression calculates the line that best fits the data points, observations that lie a significant distance away from the line could have an overwhelming effect on the regression estimate. Here we see the effect of one significant outlier. The computed regression line is a substantial distance from most of the points. The outlier moves the regression line. Please refer exhibit 5. 6. 3. Spurious or false relations Problem: Using too many variables in the regression. For example, using direct labor to explain materials costs. Although the association is very high, actually both are driven by output. Solution: Carefully analyze each variable and determine the relationship among all elements before using in the regression. 4. Assumptions Problem: If the assumptions in the regression are not satisfied then the regression is not reliable. Solution: No clear solution. Limit time to help assure costs behavior remains constant, yet this causes the model to be weaker due to less data. Learning Objective Seven: Evaluate the advantages and disadvantages of alternative cost estimation methods. Statistical Cost Estimation Advantages 1. Reliance on historical data is relatively inexpensive. 2. Computational tools allow for more data to be used than for non-statistical methods. Disadvantages 1. Reliance on historical data may be the only readily available, cost-effective basis for estimating costs. 2. Analysts must be alert to cost-activity changes. Choosing an Estimation Method Each cost estimation method can yield a different estimate of the costs that are likely to result from a particular management decision. This underscores the advantage of using more than one method to arrive at a final estimate. Which method is the best? Management must weigh the cost-benefit related to each method (Lanen, 2008). Estimated manufacturing overhead with 520 repair-hours and $3,500 parts costs *. The more sophisticated methods yield more accurate cost estimates than the simple methods. |Account Analysis = $12,586 |High-Low = $12,384 |Regression= $12,982 |Multiple Regression= $13,588* | Data Problems Missing data Outliers Allocated and discretionary costs Inflation Mismatched time periods No matter what method is used to estimate costs, the results are only as good as the data used. Collecting appropriate data is complicated by missing data, outliers, allocated and discretionary costs, inflation and mismatched time periods. Learning Objective Eight: (Appendix A) Use Microsoft Excel to perform a regression analysis. Appendix A: Microsoft as a Tool Many software programs exist to aid in performing regression analysis. In order to use Microsoft Excel, the Analysis Tool Pak must be installed. There are software packages that allow users to easily generate a regression analysis. The analyst must be well schooled in regression in order to determine the meaning of the output! Learning Objective Nine: (Appendix B) Understand the mathematical relationship describing the learning phenomenon. Learning Phenomenon Leaning phenomenon refers to the systematic relationship between the amount of experience in performing a task and the time required to perform it. The learning phenomenon means that the variable costs tend to decrease per unit as the volume increase. Example: | |Unit |Time to Produce |Calculation of Time | |First Unit |100 hours |(assumed) | |Second Unit |80 hours |(80 percent x 100 hours | |Fourth Unit |64 hours |(80 percent x 80 hours | |Eighth Unit |51. hours |(80 percent x 64 hours | |Impact: Causes the unit price to decrea se as production increases. This implies a nonlinear model. | Another element that can change the shape of the total cost curve is the notion of a learning phenomenon. As workers become more skilled they are able to produce more output per hour. This will impact the total cost curve since it leads to a lower per unit cost, the higher the output. Chapter 5: END!! COURSE WORK EXERCISE 5-25 – A B PROBLEM 5-47 -A B REFERENCES Lanen , N. W. , Anderson ,W. Sh. Maher ,W. M. ( 2008). Fundamentals of cost accounting. New York : McGraw-Hill Irwin. [pic]

Practicum Report Essay Example for Free

Practicum Report Essay I would like to acknowledge  the contributions of the following persons/individuals to the development of my paper/project: My classmates and Friends Who’s been there supporting me; every time that I  got questions about our paper,  I always ask for their advise. I greatly value their friendship and I deeply appreciate their belief in me. My Family None of this would have been possible without the love and patience of my family. My immediate family to whom this dissertation is dedicated to, has been a constant source of love, concern, support and strength all these years. I would like to express my heart-felt gratitude to my family. My extended family has aided and encouraged me throughout this endeavor. I warmly appreciate the generosity and understanding of my extended family who’s always giving me my allowance, for me to be able to go to my practicum site. To our practicum adviser, Mr. Romeo Carangian I have been amazingly fortunate to have an adviser who gave me the freedom to explore on my own, and at the same time the guidance to recover when my steps faltered. We had  swapped from  City Garden Suite to Lotus Garden Hoteland our schedule for this time is for morning shift. At firstday of duty  in Kitchen, we felt already the presence of laughterand  enjoyment. Chefs  were  so  naughty  and  they  don’t  take  thework seriously. I mean while cooking they tend to be funny sothat everybody is happy and you won’t fell the tiredness. Forus, who are trainees, we’re only capable to be the assistant ofchef. We prepared food and ingredients needed for breakfast. Westocked  ready-to-used food  in  refrigerator  and  we  even cookedvegetable which used for garnish. How great it was to be withfunny chefs yet we’ve learned things which we could use in thefuture. They  shared  not  only  tips  in  cooking  but  also  itsprocedure. If  for  garnish,  we  are  allowed  to  make  it  becausethey are just simple to follow and prepare. How many times thatI was assigned to cook for the food of employees The other wayfor us to learn also was to take an insight of what the chef iscooking. I’ve known how to make different types of omelet too. Quite sometimes we’re washing used plates though it’s not partof our duty. That was to show our willingness and gratefulnessto work in their establishments.

British Colonialism and its Linguistic Consequences

British Colonialism and its Linguistic Consequences Background Colonization (and more recently globalization) certainly accounts for the drastic changes in the linguistic landscapes of the world over the centuries. Conceptualized as as the directing control of politics, society and people by foreign states, colonization has imposed to the colonized several harmful challenges. The compulsory necessity of engaging with a language ascribed to oppression, exploitation and slavery stands out, though. Moreover, colonialism, in many territories meant also an imposed mosaic of different ethnic groups and human types that prior to European penetration, had different political, cultural and social structures which were randomly obliged to coexist in that space. Such impositions regarding language and life styles reflected and altered the identity of the colonized people and, according to TÃ ¼rkmen (2003), played an important role essential to colonialism to be successful: Identity is one of the indispensable components of colonialism, if we consider colonialism as a body; identity constitutes its spirit while the economic exploitation is its corporal body. The colonizer coming to the virgin lands with the feeling of colonial desire and obsession to have cheap profit in his heart finds himself ready to defame the inhabitants, regard them as the other. And he starts his policy by deterritorializing and reterritorializing (p.189). In that sense, people were forced to be what they are not. This is evident by the fact that the colonizers used to call the colonies new lands, as if they were virgin lands, uninhabited before their arrival. TÃ ¼rkmen (2003) stresses that the colonizers did not perceive their actions over the colonies as reconstruction because they did not consider the institutions and cultures established in the colonies as valuable. The colonizers also imposed their culture and language as a way to legitimize their power: In the colony what is asymmetrical, rather than merely different proves to be pathological. In order to legitimize their maltreatment, the colonizer tries to project the other not only different but also dangerous, primitive, aggressive, lazy, etc. The aim is making people feel that colonialism is not an unfair perpetration, rather, it is a necessary drive, for, and these people do not deserve these lands by virtue of their notorious traits. Also, the drive, after all, will promote their life standards. This is for their interest. (Robert Young in Colonialism and Desiring machine as cited in TÃ ¼rkmen (2003), p.190) As shown, the colonized is forced to internalize a new identity through the reinforcement of stereotypes by the colonizer, which is easily understandable if one thinks that the colonized finds him/herself in a circumstance they have never experienced before, after having been obliged to abandon all what constitutes his/her world. The colonized then has no option other than emulate the colonizer as a sole model in front of him. However, his attempt is rejected by the colonizer. Motivated by his urge for exploitation, he makes sure to set hard limits to the difference, as to them the difference is what feeds the colonial system, what legitimize and postulates it (TÃ ¼rkmen, 2003). So the colonized loses his former identity but he is also not supported in building a new one. As TÃ ¼rkmen (2003) puts, it, he will neither be like the colonizer nor himself. Thus, he lives in a complete oblivion. All at once, he is casted out from his history, memory and citizenship. Nonetheless, through colonialism identity is not totally lost, but set in the unknown ground temporally placed between prior and after the colonizers came. Identity and language Identity and the cognate terms in other languages have a long history as technical terms in Western philosophy from the ancient Greeks through contemporary analytical philosophy. They have been used to address the perennial philosophical problems of permanence amidst manifest change, and of unity amidst diversity. Wide spread vernacular and social-analytical use of identity and its cognates, however, is of much more recent vintage and more localized provenance. The introduction of identity into social analysis and its initial diffusion into social sciences and public discourse occurred in the United States in the 1960s (with some anticipation in the second half of the 1950s). The most important and best-know trajectory involved the appropriation and popularization of Erik Erikson (who was responsible, among other things, for coining the term identity crisis). But there were other paths of diffusion as well. The notion of identification was pried from its original, specifically psychoanalytic context (where the term had been initially introduced by Freud) and linked to ethnicity on the one hand and to sociological role theory and reference group theory. The term identity proved highly resonant in the 1960s diffusing quickly across disciplinary and national boundaries, establishing itself in the journalistic as well as the academic lexicon, and permeating the language of social and political analysis. (Davis, 2004, p.61) Stuart Hall, one of the well-known scholars specialized on identity, points that identity is dynamic, not stable and is in constant flux: Perhaps instead of thinking as identity as an already accomplished historical fact, which the new cinematic discourses represent, we should think, instead, of identity as a production, which is never complete, always in process, and always constituted within, not outside, representation (ibid 210), (Davis, 2004, p.184). Therefore, cultural identity can be considered as a historically located set of experiences that need to be recovered in order to fulfill the desire to become one nation or one people, hence, happens to the language. As it expresses beyond what its words signifies, language also reveals the way individuals situate themselves in relationship to others, the way they group themselves, the powers they claim for themselves and the powers they stipulate to others (Sterling, xxx). People use language to indicate social allegiances, that is, which groups they are members of and which groups they are not. In addition, they use language to create and maintain role relationships between individuals and between groups in such a manner that the linguistic varieties used by a community form a system that corresponds to the structure of the society. Therefore, a speaker uses language not only to express but to create a representation of him/herself in relation to others with whom s/he is interacting. The issue of respect is an aspect of the broader relationship between power and language. Power is the degree to which one interlocutor is able to control the behavior of the other. S/he then uses the language of intimacy and familiarity as they used it in greetings, communicating about family, and leave-takings. In talking about their jobs and other external acquaintances, they use the colonizers language, which possibly signs distance. Sterling (xxx) also argues that within a society or a culture, speech patterns become tools that speakers manipulate to group themselves and categorize others with whom they are interacting: Because of the relationship between language use and group membership, language can inspire deep group loyalties. It can serve as a symbol of unification on several levels. On the national level, language loyalty can serve an important political function. Many people in the United States are threatened by the use of languages other than English. To speak a language other than English is thought to be un-American. This is because English is promoted as the one and only possible language of a unified and healthy nation. On a local level, language is a symbol of loyalty to a community. (Sterling, xxx, p.xx). For the community as a whole, socialization through language learning creates conformity to social norms and transmits the culture of the community. As s/he learns language, a child learns the social structure of the culture, learning the appropriate linguistic form for each kind of person. This is part of communicative competence. Communicative competence is not only knowing how to speak the specific language(s) used in the speech community but also knowing how to use language appropriately in any given social situation in the community. And the ability to know that is closely related to the identity that one holds. Speech patterns become tools that speakers manipulate to group themselves and categorize others with whom they are interacting and that is only shared with those sharing a certain identity, whether in a community or a culture.

Challenges of a Global Business Essay -- International Business Manage

Conducting global business is extremely complex and difficult. At times both countries involved may not be in agreement, but decide to conduct business anyway. For a company to conduct business in another country there is extensive research, negotiation, and compromise done before it can be finalized. Even though not all standards meet those of the United States, some companies continue to make business abroad. Some companies when investigated and found guilty of unethical behavior, blame their actions on not knowing about it or on the subcontractor or supplier. It is inevitable to avoid ethical issues when conducting global business. This is mainly because of differentiation of foreign laws, regulations, and policies. Among those there are also culture and language barriers that contribute to the origin of ethical dilemmas. More than anything cultures is one of the primary reason for why ethical issues come up amongst all others. Globalization is criticized for its practice of unethical behavior in countries where individual’s freedoms are subjective. Some of many global ethical issues that exist in today’s world include corruptions and money laundering, human rights under totalitarian regimes, workplace conditions, environmental issues, respect for local customs and cultures, and many more (LEVINE). Developing nations are more susceptible to have ethical issues than developed countries. This is mainly due to cultures, customs, norms, and poverty. Corruption and money laundering is being seen on the news across the border in Tijuana, Mexico. San Diego news is constantly reporting how the drug cartels are affecting the business in the city and stating that police are involved as well. The laundry of money has crossed the ... ...nd judged. In conclusion, globalization has changed the way societies work and the way individuals think and interact with one another. Regardless if whether we are or not in agreement with a foreign countries laws and conduct, there is little a foreign person can do. The ideal solution is for U.S. companies to do as much research about foreign countries laws, cultures to avoid being involved in unethical scandals. Works Cited De George, R. T. (2006). Business Ethics (6th ed.). Upper Sadle River, NJ: Prentice Hall, Inc. A Pearson Education Company. The LEVIN Institute . (n.d.). Globalization 101. Retrieved from http://www.globalization101.org/issue/english/ Trevino, L. K., & Nelson, K. A. (2007). Managing Business Ethics. Straight Talk About How To Do It Right. [University of Phoenix Custom Edition e-Text]. : John Wiley & Sons. Retrieved from , website.

The Ones Who Walk Away from Omelas :: Ones Who Walk Away from Omelas Essays

The Ones Who Walk Away from Omelas "Perhaps it would be best if you imagined it as your fancy bids, assuming it will rise to the occasion, for certainly I cannot suit you all." This is an open invitation for you, the reader, in the short story "The Ones Who Walk Away From Omelas." Ursula K. Le Guin is simply inviting you to become her main character. How might you accept or deny this malicious request? It is quite simple, really. To accept it is to read on, and to deny it is to disembark in the endeavor. The city of joy, your own Omelas, is developing continuously in your head. How sweet it is. The image of the bay surrounded by the mountains with Ursula's white-gold fire enchanting the air. Oh, and one cannot forget the tantalizing orgy custom fit to your most personal delights. Can you even begin to imagine the mere possibility of an association between religion and sexual pleasure without the possible deviance of human authority? It all seems nearly ovenvhelming. The fascination continues with every mom ent of lustful anticipation. One cannot deny their own perversion long enough to stop engaging in a plot that might encourage it. But there is a catch of course, for there is always a catch. This particular one is quite deviant really, for this city is a complete deception. It is a place of lamentation and punishment. It is a prison that simply provokes the archaic smiles described within the sentences. How best can one describe the goal of such a story? I believe I shall attempt to do so by describing the main character, you of course! You are presented with three stages and then you are given three questions. In the end, it will be your duty to determine the final event. Create-a-meal, no my friend, instead you are given the tools to create-a-setting. You are presented with brilliant horses and jubilant music, bright colors and beautiful scenery, a blissful introduction, indeed. Shockingly enough, in the second paragraph it is quickly taken away from you. A dagger penetrates your balloon image. You are told that the smiles and happiness of the city are not genuine. Ursula K.

Philosophy of Health Care for Women

Philosophy of Health Care for Women The enhancement of my philosophy of health care for women, through a re- examination of my original three specific concepts emotional, social and spiritual which I would blend with my knowledge that I have gained In this course. Also, how it Is related to the actual clinical care of women. At the end of this quarter, my philosophy of health care for women as expanded. The health of the women In any society Is the most essential piece of the health care system In countries around the world.I still believe that the health and well-being of women will determine the future empowerment and economic strength of women-owned businesses In the communities. This Is also the belief of Wall-Mart's (2011) global women's economic empowerment Initiative to Improve elite of women and children. It often Involves the empowered developing confidence In their own capacities, In caring for themselves and their families in order to feel empowered. According to Kali (200 8) empowerment refers to increasing the spiritual, political, social and economic strength of individuals in the communities.The important part of this empowerment process is helping women understand how their bodies work. Self-Knowledge on a physical and emotional level helps women feel in control of the things that can be controlled. During my clinical care of women this quarter my preceptor and myself encounter a lot of women want to and do make their own decisions. For an example one of our patients took the decisions upon herself that she does not want Pesaro in for support uterine prolapsed.She is 31 years old, GIG 3, PIP. Her religion would not allow her to use any preventive contraceptive. Instead of doing surgery or putting foreign thing in her body she stated that, she still believe that her God will heal her by doing exercise and come back for follow-up in six weeks. In this situation it took gentle, yet firm, teaching of practical skills, informing all of the options of care, and much encouragement to dealt with the care of the woman.I see my role as a women's health nurse practitioner, as an assistant to the autonomous decision making process of Informed consent; to lay out the options of care for women, answer their questions, give my opinion upon asking, and support heir decision, is the most Important, empowering step In actualization women's autonomy. As I mentioned before In my first paper that, we look at our bodies, minds, emotions and spirit as If each part Is fully separate from the other rather than totally Intertwined.Western society rewards specialization, the examination of a piece of the whole, Gurus (2001 Every society In the world has felt the need to thoroughly socialize Its citizens Into conformity with Its norms, and colleens derive many benefits technology reflects and perpetuates the value and belief system that underlies it. Pregnancy and chill tidbit is a crucial time in a woman's elite tort near to explore empowerment.For a n example, one of the books that I read this quarter in the Conceptual Frameworks for Women's Health course by Robbie Davis-Floyd (2004), has written a brilliant feminist analysis of childbirth rites of passage in American culture. These rites, she argues take away women's power over their bodies, naturally designed to bring life into the world and for no physiological reason give it to the medical system. She believes that society, intimidated by women's ability to give earth, has designed obstetrical rituals that are far more complex than natural childbirth itself in order to deliver what is from nature into culture.Finally, my philosophy of health care for women at the end of this course is that, women deserve the best that is available in modern medicine; the technocratic, humanistic, and holistic models of medicine also, combined with clear communication and education through the best evidence-based research from health care providers

The Effects of Price Control In Japan

If supply is greater than demand, the price of a product will decrease. If demand is greater than supply, the price of a product will increase. This is a simple rule that determines the price of almost all consumer goods. But what happens if the price is too high. What happens if there is a massive shortage or if a war breaks out and the price of everyday products such as sugar or bread skyrockets. Who will protect the consumer? And vice versa, who will protect the seller. This is where the government steps in and imposes price controls. Price controls are imposed to help or protect particular parts of the population which would be treated unequally by the unfettered price system. With today's technology, many farmers around the world find themselves producing far more than they can sell or a surplus and this drives down prices. Therefore to support the farmers, many governments have created price floors to increase the income of their farmers who without them would fail to make a living profit. Japanese agricultural policy so far has focused on maintaining agricultural income by price controls. During the 1960s, Japan was in a stage of extraordinarily rapid growth. But Japanese farmers still produced more crops, namely rice, then they could sell, and this drove prices down and dwindled their profits. All the while, the industrial sector began creating massive profits. As a result, the income gap between the two was widening. Politicians knew that social and political unrest would result if the situation worsened. And so they began to resort to price controls to protect agriculture. To increase the farmers' income, the government placed price floors or price supports on rice and other crops. Therefore, the price of rice would not be determined by the free market but by this set price. The Japanese government set the price floor higher than the equilibrium price or the price of rice in the free market. By doing this they were sure to increase the income of farmers. But this policy had its drawbacks. The price policy impaired the basic market mechanisms. The increased price drew away buyers, resulting in an excessive surplus of rice. In fact, rice surplus amounted to approximately seven million tons in storage, and that required three trillion yen of tax money for its disposal. Although this policy helped farmers, it became a great strain on the government and taxpayers. The Japanese government began to implement a new policy. The only way to avoid surplus under such a high price policy is to limit production. Hence, a policy to cut back on rice acreage was introduced. But this policy also ran into problems. Reduced production was forced onto the producers and served only to dampen their motivation to produce and to hinder their drive. Another hindrance in price control is a segregated overseas and domestic market. The only way for the government to retain this kind of price policy and maintain agricultural income is by closing off its borders form imports. With this price control the government ran into many problems. It therefore abolished the Food Staple Control Act which implemented this price policy and replaced it with the New Food Staple Control Act in November 1995. This new act liberated distribution and limited the government's role to just the purchase and management of rice reserves. In conclusion, Japan's price control policy was created with the best intentions to improve agriculture income. While it succeeded in that aspect, the government and its people were hurt more by this policy. Even the farmers themselves who had their production limited became unmotivated. We see from this case scenario that sometimes the government needs to take a step back and play a limited role in the economy or practice laissez-faire economics.

Reaction Toward Formation of Malaysia

REACTIONS TOWARDS THE FORMATION OF MALAYSIA The proposal for the formation of the federation of Malaysia aroused various reactions from various segments whitin each of the potential Member State as well as neighbouring countries. Within potential member states, the proposal stimulated the sudden rise in political activities. Within the next several month following the Tunku’s announcement, several political parties had be formed to cater to various stands that began to emerge. Among the neighbouring countries, Indonesia and Philippines were among those whose reactions were clearly stated and expressed.There are many reactions from Sabah,Sarawak,Brunei,Indonesia and Philippines. In Sabah, there are political parties such as UNKO and USNO in Sabah gave a reaction on the issue of Formation of Malaysia. Sabah made several claims as a condition for joining the formation of Malaysia. They want to be joined to the new constitution of Malaysia to protect the rights of Sabah people. At the same time, they want to enter the extra-territorial rights manmade formation of the Constitution of Malaysia such as the national language.Finally, Sabah agreed to become part of the Malaysia because the leader’s solidarity and tolerance attitude had attracted Sabah to be with Malaysia. Next is in Sarawak. SUPP was facing internal division between its moderate wing led by Ong Kee Hui and the more radical wing led by Stephen Yong. Panas supported Malaysia on the basis that Malaysia would provide the security of Sarawak against communists and as mean of attending independence. Another Malay-dominated party, BERJASA was formed in December 1961. It was led by Datu Tuanku Haji Bujang.The party declared its opposition to communist but made no clear stand about Malaysia. SNAP opposed to Malaysia and PESAKA supported Malaysia but this support was not unreserved. Among the Chinese, another political party, the Sarawak Chinese Association (SCA) was formed in July 1962. It was to p rovide an alternative to SUPP and the leadership was more amenable to the Malaysia idea. The next reaction came from Singapore. Singapore still retained its initial interest in Malaya and was therefore, eager to merge with Malaya when Tunku Abdul Rahman made the proposal in 1961.The only opposition came from the Communist-dominated party, Barisan Socialis. Despite this, Lee Kuan Yew actively campaigned to support the merger. His efforts paid off and a referendum held on 1 September 1962 indicated that 71. 1% of the population of Singapore supported the merger. Singapore was promised autonomy in education, revenue and labour while the central government would be operating in Kuala Lumpur. Its free entreport status would also be maintained. Like Singapore, Brunei was equally keen on the merger, since its ruler, Sultan Ali Saifuddin was hoping to gain protection from a larger country like Malaya.A. M. Azahari, the leader of the opposition party, Parti Rakyat, however, strongly opposed the merger and led a revolt against the government of Brunei, in which he was defeated. Azahari had an ulterior motive – to merge all the North Borneo territories and place them under the reins of Brunei. Eventually, Brunei changed its mind after the Sultan realized that he wouldn’t be given special rights above the other Sultans in Malaya and would have only limited oil reserves if Brunei merged with Malaya. Next is the Philippines.They opposed the idea of the formation of Malaysia because of several misgiving which is the first one is the Philippines President, Macapagal argued that the British had no right to transfer Sabah over which it had a claim that Sabah is a part of Philippines. This is because Sabah once was a part of Sulu Sultanate. Second, it argued that Malaysia was an artificial and unstable federationthat Malaysia cannot protect North Borneo from communism either from China or Indonesia but they can. Third, the was a ready a plan for MAPHILINDO, a loose confederation of Malaysia, Indonesia and the Philippines.MAPHILINDO was described as a regional association that would approach issues of common concern in the spirit of consensus. However, it was also perceived as a tactic on the parts of Jakarta and Manila to delay, or even prevent the formation of the Federation of Malaysia. The Iast one is the reaction from Indonesia. Indonesia disapproved of the new establishment due to their own ulterior motives. Indonesia, was hoping to merge with Malaya to form â€Å"Indonesia Raya† and at the same time, establish an independent North Borneo Federation comprising Sabah, Sarawak and Brunei.Sukarno at that time declared a Confrontation policy of on Malaysia from January 1963 to August 1966 to voice his objection of the formations of Malaysia. During this period, Indonesia put a halt to all diplomatic relations with Malaysia and launched an attack. Agents were sent to overthrow the Malaysian government and at the same time, create misun derstanding among Malays and Chinese. The confrontation came to an eventual end when Sukarno was replaced by Suharto as the president of Indonesia.Consequently, a peace treaty was signed between both countries in June 1966. As a conclusion, there are reactions that came from Sabah, Sarawak, Brunei, Singapore, Philiphines and Indonesia about Tunku’s idea to form Malaysia. In my opinion, the reaction from these countries did jeopardized Tunku’s effort to build a new nation consist of Sabah, Sarawak, Brunei, Singapore and Tanah Melayu and these reactions also threatened Tanah Melayu’s security at that time. But after so much efforts and hardworks, Malaysia was finally a reality on 16 September 1963.

Why May Protectionist Policies Increase Rather Than Decrease During a Period of Increasing Globalisation?

Why may protectionist policies increase rather than decrease during a period of increasing globalisation? Some countries may decide to protect their domestic market during a period of increasing globalisation, especially if economy is in a fragile state at that moment. One way they could protect themselves from cheaper imported goods and services import restrictions. These can be tariffs, for example a tax, or quotas, which limit the goods and services produces abroad and sold domestically.Governments may decide to restrict imports for different reasons. For many countries, tariffs provide a significant source for government revenues and money from taxes could be used to develop the economy, to make the domestic market more competitive and also to protect industries at moments of decline or the infant industries which are not enough mature nor large to be able to compete with international businesses.Governments may use import restrictions to protect population’s health and sa fety, or they may even ban all imports of a particular good if it is seen as a threat for the consumers, for example Red Bull was banned in France due to its high caffeine content and some experts thought that it may be deadly in some situations. Import restrictions protect domestic industries, having a positive effect on employment, as decreasing imports and increasing domestic production also increases domestic employment.Fewer unemployed people would decrease poverty rates and would increase wealth of those who are in work. Lower unemployment would decrease the amount of money spent on benefits and government could use the money to spend elsewhere, for example on health, education, public goods which would therefore increase welfare ever more. Quotas would protect local industries from foreign imports that may be sold at a lower price in the domestic industry, as the foreign producers may engage in unfair trade practises, such as dumping imports at prices lower that the costs of production. Read also Analyze the Ways in Which British Imperial PoliciesThese protectionist policies are usually good for the domestic economy, however for the consumers they are definitely not. Consumers have to pay higher prices for the imported goods. These restrictions reduce competition and local businesses may increase their prices, while firms will benefit from higher profits, consumers will suffer from loss of welfare, due to higher prices and restricted consumer choice.Firms will no longer have incentives to become more productively efficient or to engage in research and development, it may encourage inefficient allocation of resources. In reality is much more complicated, because if one country will start to use protectionist policies, other countries are likely to respond and start using them too. This would reduce international trade, having a negative effect on economy, employment and wages.

Friends Definition Essay Essay

The word friend is a very familiar word among people. Some people take friends as being an advantage or others may take it as being a disadvantage. Most friendships start off on the right path, but some can end up for the worst. This leads to a friendship heading down a path of destruction. Three main reasons why two people cease being friends are losing interests in common, jealousy, and having negative influences. The first reason why two people may cease being friends is losing interests in common. Having interests between two friends can maintain a friendship. When they cease having similar interests, their friendship breaks apart. Losing interests between the two friends can cause them to quit speaking to each other then causes the bond of communication to break down between friends. Also, not sharing the same values and beliefs can cause a friendship to come apart. The second reason why two people stop being friends is jealousy. One may be jealous of the special treatment that the other friend receives. From the outside looking in, one friend may always seem to get their way, which may cause jealousy between the two. Another situation may involve one of the friends getting more attention than the other, which may cause the other friend to less important than what they already are. Also, for each friend not to be or act like themself can cause problems as well. Imitating a friend in the way that they may act or speak can cause major issues because the other friend may feel like they need to be just like their friend in order to have attention instead of just being themselves. The use of rude comments can come into play too because using derogatory words can put another friend down and lower their self-esteem. This can cause the two friends to stray away from each other. The last reason why two people cease being friends is being bad influences on each other. Not being a role model for a friend can definitely play a major part for two friends to cease their friendship. For example, using foul language and staying in trouble with the law all the time can be reasons why a friend may call off a friendship. Also, their friend may lead him or her down the wrong path. Introducing the friends to drugs and alcohol can make their friendship be a negative influence.

Critically evaluate an artefact of a marketing communications campaign Essay - 2

Critically evaluate an artefact of a marketing communications campaign (advertisement, brochure, poster, etc) for either a graduate traineeship or a masters degree - Essay Example Advertisements have also been found by Gronhaug, Kvitastein and Gronmo (1991) to come in many different forms and versions. This however does not mean that any form of poster at all can be selected for any product or service. Proctor, Proctor and Papasolomou-Doukakis (2002) indicated that there are several factors that ought to be considered in designing a poster for advertisement purposes. Because the factors are many, different writers and reviewers have tried to discuss some of the most salient factors at one point in literature or the other. In this paper, various works of literature are reviewed, based on which four important thematic factors that ought to be considered when undertaking marketing communications campaign have been discussed. To ensure practicality, the literature and factors have been used to critique a specific artifact in the form of poster for a Masters degree. At the end of the paper, the strengths and weaknesses of the attached advertisement are going to be identified as they apply to the four thematic factors considered. Shankar (1999) stated that â€Å"consumers interact with advertising for a variety of reasons whilst different groups show varying degrees of understanding towards the function and purpose of advertising† (p. 5). The understanding that this claim gives is that any piece of advertisement must factor in the different needs of customers, noting that not every consumer will be looking for exactly the same thing from a piece of advertisement. When advertisement is seen as a tool or component of marketing, then the advertiser would want to achieve this task of satisfying the varying needs of customers by incorporating very elementary factors of competitive marketing (Shankar, 1999). In competitive marketing, there are four major elements that a marketer would want to give emphasis to and these are place, product/service, price and promotion. To make

The Graduate Degree Plan Essay Example | Topics and Well Written Essays - 250 words

The Graduate Degree Plan - Essay Example sh self-worth, and form basic moral values, it is quite essential that each child is well nurtured in all aspects of life, receiving ample nourishment, and proper discipline I have loved working with little children since I was their age myself and there are several notable traits that kids exhibit during early childhood formation. In my own observation, they are generally capable at adapting to environmental influences which are a huge contributing factor to the way they perceive both concrete and abstract matter as well as the behavior these young individuals carry out in response. It is particularly interesting to find out that majority of them, when adequately facilitated, can broadly execute around indispensable attributes as confidence, reliability, resourcefulness, intelligence, creativity, and friendliness or sociability. I find it further stimulating to see them vigorously go after a primary talent or inclination, and show ease of feeling affection or compassion by nature. To help impart my personal specialization in this endeavor, hence, I have decided to acquire admission to a graduate degree program that would serve my profound need of learning how to improve on handling children under such cognitive stage of development. Equivalently, this is to anticipate taking up major courses concerned with guiding a childs insights toward physical, mental, emotional, as well as social progress. Fervently believing that the present little ones would be the futures absolute hope, I would in every inch make it a point to foster for them an atmosphere in which they would enjoy learning to the full measure as they possess complete freedom to express themselves competitively yet interdependently within a global

Reflection on a recent media-related news item Essay - 1

Reflection on a recent media-related news item - Essay Example agency based in Toronto initially known for inventing Catvertising receives another honor of having being the pioneers and originators of Reactvertising (Wheaton, 2014). John St describes Reactvertising as not as the art of fun or being smart but having the ability to work faster on advertisement. Working faster and maintaining the standards appears to be the primary concern of many of the speed writers in the promotional video (Wheaton, 2014). The respondents raise their concern if they are to write whatever pops in their minds or ignore the old style of thinking and adopt Reactivism. According to one of the client’s testimonial, in the video the John saint provisions state that no one has better thinking than others do (Wheaton, 2014). Social media are changing the dynamics of contents in marketing and advertisement. The historical ways of advertisement were procedural from the warehouses to the advertisement Medias like the newspaper broadcasts or radio and televisions. The dynamics in marketing in the social media such as Facebook and twitter have since improved the speed of advertising with communications between brands and customers being direct. Wheaton, K. (2014). The Next Logical Step in Real-Time Marketing: Reactvertising. Retrieved on November 3, 2014, from

Main activities of commercial and investment banks in the capital Essay

Main activities of commercial and investment banks in the capital markets - Essay Example Commercial banks provide capital market related services, depository services, advises on portfolio management or investment counseling, etc. Many banks have now started offering investment services to the retail customer, which is essentially advice and execution of mutual fund investments and redemptions.The Commercial Banks can be referred to as institutions that are involved in credit activities. Credit activities can be classified into deposit acceptance and borrowing funds from other banking institutions. Other activities are credit extension, risk management and risk advice.The classification of the types of services that are offered by a commercial bank is as follows:†¢ Discretionary Services – Decisions are taken on behalf of the clients/customers by a portfolio manager keeping in view the different parameters of asset allocation. †¢ Non-discretionary Services – In this kind of services, portfolio managers do not have the right to take decisions on behalf of clients/customers. The client or the customer is needed to authorize all the transactions happening with respect to their account.Advisory services – Flexible, unbiased investment advice customized to meet the client’s needs.Transaction support – All transactions, both in the primary and secondary markets facilitated through a panel of brokers.Custodial services – Important from the point of view of removal of settlement hassles and efficient follow-up of all corporate actions.Commercial banks approach the brokers for information about the quotes of other commercial banks. The broker serves three important purposes in the foreign exchange markets. First, instead of hunting around in the market for quotes, one can approach a broker and find out these prices. Second, brokers help the prospective buyer or seller keep his identity secret till the deal is struck. This prevents the quote being affected by the inquirer's position, i.e. whether he needs to buy or to sell. Lastly, even when there is no buying or selling requirement, commercial banks can keep their quotes from going too far away from the quotes being given by other banks, by inquiring about the market quotes from the brokers. Investment banks help both the government and corporate in raising money by trading in the securities markets. Large investment banks deal in the market both to execute their clients', (both corporate and individuals) orders and on their own account. They act as market makers in the foreign exchange markets, i.e. they stand ready to buy or sell various currencies at specific prices at all points of time. The commercial banks give, on demand, a quote for a particular currency against another currency, i.e., the rate at which they are ready to buy or sell the former against the latter. At these rates they stand ready to take any side of the transaction (buy or sell) that the customer chooses. The maximum and the minimum amount of the currencies acceptable to the bank at these rates, though not specified at the time of making the quote, are generally understood according to the conventions of the market. These rates may not necessarily be applicable to amounts smaller or larger than th ose acceptable according to the going conventions. In the foreign exchange markets there are numerous market makers, and all of them would be giving different quotes for the same pair of currencies simultaneously, at any point of time. It would be very difficult for a player to keep track of all the quotes available in the market, and hence choose one which is considered the most favorable. As a result, a number of trades may be taking place simultaneously at different exchange rates. The market making activity of the commercial banks, along with speculation, makes markets extremely liquid, especially for the major currencies of the world

Correctional Theory in General & Nontraditional Onces Research Paper

Correctional Theory in General & Nontraditional Onces - Research Paper Example Nontraditional strategies like Electronic Home Monitoring and Day reporting have garnered prevalence in the judicial system. They are aimed at reducing the judicial expenditure and enhancing rehabilitation into the community. Analysis of recidivism and educational and vocational results illustrates the effectiveness of these strategies compared to traditional correction strategies. Introduction Criminal offenders are members of the societal system who needs protection and care from the very society that they threaten. For this reason, correction facilities such prisons and juvenile correction centers have been established to help in changing the offenders from their criminal ways into responsible and productive members of the society. Correction of offenders is essential to ensure that they refrain from their criminal endeavors and also to enhance a safer community where no one is threatened by their presence. Sociologists and criminology scholars have advanced various theories, both traditional and non-traditional to explain the evolution and importance of correction systems. Each of these theories has been advanced to support various goals and objectives of the correction process. The goals include advancing the principle of cost effectiveness and reducing rates of recidivism. Prevalent Competing Theories of Correction Rehabilitative strategy is one of the prevalent theories of correction. Rehabilitation is aimed at making the community a better place to live by changing the mindset of the offender and eliminating the factors that make an offender engage in crime. It is also aimed at reintegrating the offenders back into the community rather than eliminating them and excluding them due to their acts. Rehabilitative strategy is all round as it not only changes the individual, but also changes the society from which the individual lives. It is a strategy aimed at completely eradicating the proponents of criminal behavior (Cullen and Gendreau, 2000). Boot camp ( Shock incarceration) strategy as the name suggests is a correction strategy that resembles martial indispensable training. This correction program entails manual labor, emphasizes on forceful physical bustle, and any activity that was aimed at reducng free time that the inmates might have. This strategy also implies strict rules as pertains to the appearance and the conduct of the inmates. Intense verbal techniques are also utilized by the correctional officers, aimed at constructive changes by shuttering the in mates resistance (Parent, 2003). Difference in the Goals of these Correction Strategies Goals of rehabilitative strategy Firstly, it attributed breaking of the law to social and psychological factors that led the individual to breaking the law and these factors needed to be dealt with in a personalized approach. Secondly, it aimed at changing the factors that led each offender to committing crime. In addition, the rehabilitative program was aimed at individualizing the corre ction of each offender on a case after case basis. Consequently, this correctional approach aimed at incorporating discretion in the imposition of sanctions to offenders (Cullen and Gendreau, 2000). Goals of boot camps (shock incarceration) strategy Boot camps as strategies of correction had three main goals. To begin with, they were aimed at reducing operational cost. Consequently, they were aimed at reducing prison populations. They were also aimed at reducing recidivism (Parent,

Development of Total Quality Management in Higher Education Dissertation

Development of Total Quality Management in Higher Education - Dissertation Example The result of administrative developments is one which then begins to change the level of quality which takes place, specifically with the roles of teachers that are within the institution. Developing an understanding of the administrative roles and how this affects the total quality management within a school system also develops a deeper understanding of what is needed within an educational program to create the correct responses among teachers. The way in which administrators define and approach their role has a direct effect on teachers, specifically with the approach to different needs and development within the educational system. The importance is based on the administrative standards creating a sense of sustainability for teachers and with the overall platform of education (Lozano, 2011). By understanding the role of administrators for total quality management, there is also the ability to have a deeper understanding of the changes which this creates with teaching and needs f or teachers. The understanding of total quality management and the effects which this holds with teachers from the administration is the main aim that will be defined in this research study. The research question will ask what the effect of total quality management from administration creates among teachers.... ociated with total quality management among administration Defining ways in which total quality management effects teachers both positively and negatively Understanding how total quality management can be altered to change the effects on teachers The association with this research study will be to define and understand the main difficulties which are associated with total quality management as well as what the effects are on teachers that are expected to work with administrators for various needs. By defining the gaps that are created, there is the ability to understand and relate to the total quality management within the higher educational system for improvements with both the administrative duties and the expectations which are often not met by teachers. 1.2 Background Information Higher education is one which is now considered an institution which one is able to be a part of to move toward a career and other factors that are associated with society. The importance of the institut ion is one which is based on the ability for students to receive the correct level of education while developing a stronger association with the educational system. The nature of the institution is one which demands specific levels of quality to be reached, specifically through monitoring and changes with policies and procedures that take place among administrators and teachers. It is noted that the particular association with total quality management has a direct effect on the teaching levels that are associated with the institution as well as the type of learning which occurs among students in the classroom (Law, 2010). Creating the correct foundation then becomes essential to developing the right environment for both learning and teaching. The concept of total quality management is one

Hashing Algorithms Information Technology Research Paper

Hashing Algorithms Information Technology - Research Paper Example Apart from these algorithms, Whirlpool, Bloom Filters and other algorithms are also widely used. Hashing algorithms are selected based on their efficiency. These hash algorithms depend on a set of hash functions that generate the key values which are in turn stored in a separate table known as the Hash Table. This table follows a unique pattern based on which the values generated in the hash functions are stored. The main aim of a Hashing algorithm is to simplify the intended process and to provide a hassle free operation of the process. By using a hashing algorithm, one can be sure that the data is completely secure. A hashing algorithm tries to solve the complex functionalities by generating a simple function which can be used in place of these complex issues. Origin The hashing algorithm has been in use for many years and almost all the fields make use of these hashing algorithms to help them resolve and simplify their process. Hashing algorithms are generally used to generate a k ey value or a specified format of number or text to enable the administrator to propose a certain level to the specified data. Given a set of data, a hash function is selected and implemented to produce the hash values. The various types of hashing functions like string hashing, hashing functions for encrypting data and other mathematical values. (Sedgewick & Wyne, 2011). The concept of string hashing is mainly used in database that stores the initial information pertaining to a particular file. The next form is cryptographic hashing, which is used in data conversion and user authentication. The original form of the data is changed by using any of the cryptographic or encryption algorithms, providing a secure environment to the data that is stored in the file. In this function, the original form of the data is changed to the encrypted form which is not readable by the regular user. If a person wants to access that particular file, he has to make use of the hashing function that decr ypts the data back to the normal form. The major idea behind this algorithm is to protect the data from outside world. Intrusion and unauthorized access is prevented, thereby giving a protective environment. This algorithm is mostly used to convert the passwords that are used by the user to enter a site or access a particular data. In this case, the encrypted form of the password is stored in the system, instead of the original password. Hence the password and other confidential information are maintained in the organizations and business environment. Though the numbers of hashing algorithms are more, only few are more efficient and effective in dealing with problems. Detailed Description Among the various hashing algorithms, SHA and MD5 algorithms are considered to be more efficient in handling any sort of data. SHA Algorithms SHA algorithm and its versions are one of the best algorithms that help in easing the functionalities and thus the functions are also same for every algorith m. The functions used in each version are different and this depends on the input value of the proposed function. The size of the input and output value also is an important factor, as each function is different in its own form. The versions include SHA1, SHA 384, SHA 256 and SHA 512. Each of these algorithms makes use of functions and constants that define the entire algorithm. These logical functions generally range from f1, f2 and ranges depending on the

Islamic Banking Essay Example for Free

Islamic Banking Essay Islamic Banking is interest free banking, in which there is no fixed rate of return. Islamic banking is the banking system which is run in accordance with the Islamic laws and the Shari a’ board; that guides the institutions. This Shari a’ board authorizes the products that whether these are Shari a’ compliant or not. Islamic banking is the banking that is guided by Islamic law (Shari a’) principles and guided by Islamic economics. In particular, Islamic law prohibits usury, the collection and payment of interest, also commonly called Riba in Islamic discourse†. Islamic banking also finds its roots in Islamic finance and all type of transactions are interest free of risk sharing. The interest is probihited in Islamic ways of banking as it is also obvious from Quran. In Quran, in Sura Al-Iman, Allah said that; â€Å"O you who believe! Do not devour Riba multiplying it over and keep your duty to Allah that you may prosper† (3:130). Same kind of prohibition regard fixed interest is also lead in sura Al-Rum(39), Al-Nisa (160-161) and Al-Baqarah (275-281) of Quran. Riba and Gharar are illegal under Islamic law. Riba refers to fixed rate of interest. Gharar refers to fixed rate of interest. Gharar refers to speculation. Islamic banking shows dramatic improvements and developments in Pakistan. Islamic banking is taken as national policy and it is supported but there exist dual banking structure in the Muslim countries. Mostly the banks of conventional system are also opening their separate Islamic banking divisions and branches. The expectation of increase in growth of networking of Islamic banking system is increasing. The Islamic banking has increased in terms of branches, deposits, capital funds, sources. The ratio of income to expenses is high which indicates increasing profitability of the sector. Riba in Hadith â€Å"Every loan that derives a benefit (to the creditor) is riba†. (Hazrat Ali Radi-AllahuAnhu). Abu said al Khudri Radi-AllahuAnhu narrated that Holy Prophet ( peace be upon him) said: â€Å"Gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates, and salt for salt, like for like, payment made hand by hand. If anyone gives more or asks for more, he has dealt in Riba. The receiver and giver are equally guilty. If the creditor received a goat as mortgage from the debtor, the creditor may use its milk to the extent he has spent in providing fodder to the goat. However, if the milk is more than the price of the fodder, the excess is riba. â€Å"Usmani, para 99). For Usamah ibn Zayd : â€Å"There is no riba except in nasi’ah (waiting). â€Å"Bukhari, Kitab al-Buyu, Bab Bay al-dinari bi al-dinar nasa’an, ( : 386); also Muslim and Musnad Ahmad). There is no riba in hand-to-hand (spot) transactions. † (Muslim, Kitab al-Musaqat, Bab bay’I al-ta’ami mithlan bi mithin; also in Nasa’i). What is the significance of Islamic Banking in a post recession world? Islamic banking is gaining popularity in emerging markets after helping some financial institutions avoid the worst of the economic meltdown. Islamic banks have been less affected than many conventional banks in the current global recession. This is mainly because unlike conventional banks, the Islamic banks have not been exposed to losses from investment in toxic assets nor have they been dependent on wholesale funds since these practices are not in accordance with the principles set out in the Sharia Law. Moreover, recent years have already indicated that there is an interest in Islamic banking beyond Islamic investors. The UK is one of the leading centres for Islamic banking in the world, yet only 5% of its population is Muslim. And lastly, governments and regulators in a variety of countries have already recognized the importance of Islamic banking as a feasible alternative to conventional banking. The global recession brought about by the collapse in credit supply saw many of the globally accepted models of investment disappeared almost overnight with the collapse of Lehman Brothers in September 2008. It is well accepted that the credit crunch was essentially caused by gambling and inadequate regulation. The radical change in the investment dynamics of the market and a clear question of the morality of the investment industry signify a clear turning point in the development of regional and global investment markets. That will provide new boost to the already burgeoning Islamic private equity and venture capital industries. Thus, surely a system in which gambling is banned, where everything must be backed by tangible assets should be significant in a post recession world. In this era of scarred savers and investors, everyone shall move their money over to this low-risk system. A post-crisis market is more realistic and searches for an ethically based approach to investment. The new investment markets, after the crash, will see a growing demand for a far more partnership approach to private equity and venture capital investment. In private equity, the investor shares both the risks and the rewards, which replicates the basic principles of Islamic investment. Even before the full attack of the global downturn, the characteristics of Islamic private equity and venture capital ensured the sectors enjoyed increasing attention from regional and global investors. The merger of companies, as a means of meeting the operational and strategic challenges of the economic downturn, will show a growing demand for a far more partnership approach to private equity and venture capital investment. Islamic investment should be made on the basis of partnership and investment also to be made in largely infrastructure-orientated projects, such as transport, energy, healthcare and education, as these sectors not only offer asset backed investment but also long term investment into societies. Thus, in the post recession world, where the market and society is demanding that the investment industry provide a responsible form of investment, Islamic private equity and venture capital are both ideally suited to meet this demand.