Buying the Most Expensive Thing

Recently my family bought a new home, and while it was as much money as most homes are ( we are paying $167,100 for a three bedroom one bath) it was the most expensive thing we have ever bought. Buying a new home in any economy will always be an expensive endeavor. In this current economy it is a buyers market but there are still many things a buyer and seller must consider when buying or selling a home. The strength of the economy for a buyer can affect the benefits of the home ownership because it would determine the future market value of the home. It will also determine the market price that has to be paid at the time of purchase as well as determining the interest rate of how much that needs to be repaid. The removal of the tax deductibles of the payments increases the after-tax cost, and when taxes come due on the house at the end of the year there is no added incentives for owning a home. This will lead to the decrease in buying of new homes and the drastic fall of prices for sellers. There are many other things that can affect whether a person can afford to buy a home, but government spending and taxes are the biggest incentive as to what a family can afford and what benefits they can receive when buying. With an increase to taxes there is less money to spend and save for buying a new home, and the location of the home will effect how much I need to pay in property taxes.

Driving is Your Responsibility: Modules on Driving

Also, that a 16 year old risk of getting in car accident is higher then any other age group. If you do not have your permit, please provide the last four digits of your social security number so that your teacher can issue your drug and alcohol certificate. My last four digits are: Module 2: The Driver: Describe three aha moments that you had as you worked through Module Two. 1 . That we have two different type of vision central and peripheral. 2. â€Å"Aim high and look ahead, don't look down† This is important because we can spot curves from far 3.When I found out you must have a optimistic attitude to drive but not too pessimistic cause if you're to optimistic you can be a bad driver. How will this information affect you as a driver now and in the future? (2-3 sentences) This information will affect me as a driver because if I follow these rules I can be a good driver. If I don't follow these rules I can cause serious accident that may result in my death or someone else dea th. Module 3: Natural Forces Affecting the Driver 2. Inertia- When a object is at rest it will remain at rest.While an object in motion will remain in motion in the same direction unless a force touch it. 3. Potential Energy- Its energy an object already has in it self. 4. Kinetic Energy- The energy made while an object is in motion. 5. Friction-Its the restraint between the movement of two surface in contact. 6. Traction- Traction is always affected by friction someway somehow. 7. Centrifugal Force- The opposite of centripetal force. It doesn't seek to be in the middle. It also increase a person acceleration. 8. Centripetal Force-Its a force that seeks to be in the middle. 10. Force of impact- Is the force made when objects meet.Module 4: Signs, Signals & Pavement Markings 1. Explain the purpose of the following A. The difference between solid and broken lines is: In a solid line you can not pass over it while on a broken line you may pass over it. B. Yellow lines (broken or solid) indicate what type of traffic flow: The yellow line indicates where the center of a two way traffic is at. You may cross over a broken yellow line but you can't cross a solid yellow line. C. White lines (broken or solid) indicate what type of traffic flow:White lines tells you which way traffic is traveling in your direction. 2.Observe and describe the different signs in YOUR city. Give specific examples of each (include color, shape, what the sign is for, etc. ). A. A regulatory sign: A speed limit of 35. Its a white rectangular shape sign. B. A motorist services sign: A hospital sign. It's a blue square sign with a capital H in the middle. C. A recreational sign: A recreational sign is brown and rectangular. A sign indicating to the Florida everglades. D. A sign that you know what it means because of its shape: A triangle sign is telling you to yield. 3. Explain 3 interesting or important facts from Module 3 and 4.A. An interesting wing I learn is that driving and physics are int erconnected. 8. 1 realize that the shapes and colors off sign tells you a lot about its meaning. C. An important fact I learn is that you can always drive over a broken but never a solid line unless there is hazard in the way. Module 5: Laws and Rules of the Road Create a car saying (Bumper Sticker) or a Road Sign (Billboard) that would describe one main point you learned in Module 5. This is an example off bumper sticker from a former student: the right speed is always a good deed. Enjoy your ride and don't collide! 1 . What would yours say? Don't be afraid to cease. Drive with ease. 2. How would it look? It would be on a neon green rectangular sticker with the saying in big bold black letters. 3. Now, write at least one paragraph (5 sentences or more) which explains why you thought this would make a great bumper sticker or billboard, and how it summarizes the information you learned in Module Five. I thought this would make a great bumper sticker because it's a very catchy phrase. When somebody read it. It will stay in their mind because its simple and catchy.This phrase summarizes this doodle because when driving you must remember all the laws and regulations the state of Florida may have. A driver can't be afraid to slow down or stop while driving when it is necessary. Plus a good driver must drive with ease meaning he has to drive with confidence. Module 6: Effects of Alcohol and Drugs Some day you might find yourself in a dangerous driving situation because of drugs, alcohol, or extreme drowsiness due to medication. Talk to a parent or guardian about what they would like for you to do if you find yourself in this situation.Answer the following questions in one or more complete sentences. . Explain three ways you can get home safely, without getting behind the wheel, if there are drugs or alcohol in your system. A. Let a friend who is sober give you a ride home. B. Call a taxi to take you to your destination. C. Call your mom and/or dad to pick you up eve n if you may face consequences its better then driving home intoxicated. 2. Explain three ways you can get home safely if the friend you rode with has drugs or alcohol in his system and you prevent him from getting behind the wheel. A. Take away their car keys and drive them home. B.Call his/her parents to pick him/her up. C. Use public transportation. 3. What would your parent/guardian want you to do? My parents would rather me to contact them to pick me up from my destination. They rather pick me up intoxicated then get a phone call from the police saying I kill somebody or myself because I was drinking and driving. 4. Look up and list the number of a local taxi or car service in your community. Include the company name and telephone number. Module 7: Collision Costs and Preventions There are many costs associated with owning and driving a car. The purchase of a car is only the beginning.There are maintenance costs, fees, tolls, taxes, fuel and insurance. For the next few question s, you will explore these costs by talking to a parent or guardian about your driving responsibilities. 1. Will I have a vehicle of my own to drive, or will I share? My vehicle would be shared with my parents. 2. Who will pay for the insurance and gas? My parents would pay for my car insurance and gas until I get a Job. 3. Contact your family car insurance company to obtain a cost estimate. How much will you be expected to pay monthly or annually? My parents would be expected to pay 175. 3 a month. . If you drive 50 miles each week and your car gets 25 miles to the gallon with gas costing $4. 00 per gallon, how much gas will you have to buy? I would pay $8. 00 a week. 5. If you get paid $8. 00 per hour at your Job and insurance is $200 a month, how many hours will you have to work to pay for insurance? I would have to work 25 hours. 6. Will your parents set restrictions on your driving such as the hours of the day you can drive or how many passengers you can have in the car? If so, please include restrictions. My restrictions would be that I'm allowed to drive am to pm.Plus I'm to allowed to have friends in my car. 7. Will your parents allow you to drive to school, work, on major highways, how far from home can you drive? Please include where you will be allowed to drive. I would be able to drive to school and work when I do get Job. 8. Never text and drive! Discuss with your parents the use of your cell phone when driving. Explain to them the one situation when it would be appropriate to talk on your cell phone. Then write the situation you spoke with them about. It would be appropriate to talk to my parents when I am park. Never answer my phone when I'm riving.Module 8: Substance Abuse Choose one option to complete your 5-8 sentence paragraph in this section. Imagine a close friend is planning to go out and celebrate this weekend. You know your friend intends to drink and may experiment with drugs. You are not only concerned for her well-being but also worri ed that she might get behind the wheel and drive. Using the information you learned in module 8, write a paragraph persuading your friend to make safe choices. List at least 3 dangers she may face and 2 alternatives for her to safely and legally enjoy the celebration. Dear Friend,

Light and Saint Luke

The painting St. Luke by Master Theodoric was painted 1360-1364 and is paint and gold on panel. The size of the piece is 115 x 94 cm. St. Luke is located in the Holy Cross Chapel, Karlstejn Castle, near Prague. One of the most intriguing parts of this painting is above Saint Luke’s right shoulder is a tan colored miniature ox. Although the ox is a symbol of Saint Luke, when I see this piece the miniature ox gives the impression to be an ominous figure in the painting. This may not be the focal point of this artwork however; this small part is the first object that I noticed. What makes this painting unique and is two parts of the painting spill over onto the golden frame. Perhaps the most noticeable part of this painting is Saint Luke’s piercing gaze. I believe this to be the focal point of the painting. His large gray eyes seem to looking to the right, not right at the viewer, his stare is slightly eerie. He is an older man; the signs of age can be seen on his forehead and the graying in his facial hair. Saint Luke’s beard is long, like you would expect of the time. It is very wavy and seems to curl in places. His head seems to be large which during the time this piece was painted was a common style toward the end of that century was. Saint Luke is wearing a vibrant blue robe like the types you would see in religious artworks. The detail in the color of his robe stands out. For instance, darker shades were used in parts of the folds of the material. The lighter parts are the outside, it gives the illusion that there may be a light facing the painting and the light is reflecting off his robe. Another important detail is in front of his heart is a cross painted in the lighter shade of blue of the robe. The placement of the cross is situated over his heart. Under the cross his hand is extend out of the robe. His hand has long boney fingers with blue veins on the top of his hand. It doesn’t give the impression of someone that is elderly because it lacks wrinkles, mostly appears as it is someone who is frail. In his left hand is a thick book that has a red cover and white sheets of paper. The book looks as though it may be a bible. The book is open to the middle of the book facing out; the pages of the book are blank. In the upper left corner of the painting is the miniature ox which is a symbol of Saint Luke. The ox seems to be breaking through the wall behind Saint Luke and resting on his right shoulder. Behind the ox is a brilliant blue sky with white clouds. The ox is a dark beige color, a very earthy tone. His right profile is the only part of his face that you can see; his eye is a deep red color. On top of his head are his horns which are a light brown at the base and gradually take a darker shade, they are black at the tips of his horns. At the base his hair is curly and the same shade as his body. On his back are odd shape wings that are multiple shades of light and dark pinks. The shape is wavy with the small feathers. They are not the normal shape of wings that you are customary of seeing. The background looks to be a wall that is painted gold in a geometric pattern. The pattern is very detailed, there appears to be flowers in the shapes. Behind Saint Luke’s head there appears to be a halo painted in the same bold gold color. The designs behind Saint Luke are the same design carried over to the frame giving the appearance of the painting being three dimensional. On the frame at the top where the miniature ox is coming through the wall behind Saint Luke, the blue sky is paint is overlapping on the frame. This also occurs on the right side of the frame, the top right corner of the open book is painted onto the frame also. At the bottom of the frame there is an oval cut out. Within the cut out there is another cutout possibly meant to hold some sort of object, it looks to be empty. The style in which this artwork was painted to me says good and evil. The miniature ox to me looks like a goat due to the size and I have never heard of a miniature ox. The red eye and the horns give the impression that he represents the devil. Saint Luke to me symbolizes holy and spiritual. I am uncertain the meaning and purpose of the open book with the blank pages. Religious works of art such as paintings, sculptures, and architectures can be interpreted many ways by many different people.

Telecommuting Essay Example | Topics and Well Written Essays - 1250 words - 2

Telecommuting - Essay Example Telecommuting has been touted as the wave of the future as far as workplace trends go. This is due to the large number of individuals and corporations that are opting for this method of work against the physical work at the office model. Telecommuting basically is the idea where one works outside the confines of the conventional office space (Amigoni, 2009, 3). There are various benefits that have been attained by firms that have adopted this method as part of their human resources management strategy. While some have had success other firms have experienced a negative effect with their bid to try and adopt telecommuting policies. A recent incidence may have brought the issues that are raised by telecommuting to the fore and this was with the recently appointed chief executive (CEO) of Yahoo banning the telecommuting policy of the company. Discussions have been raised on whether this was a good move or not? What may have called for her action? How does this affect the future producti vity of Yahoo as a company? There are a number of advantages that a company may stand to gain from adopting a telecommuting policy. Various different studies have been conducted that have looked at the improvements that a firm may get from having a section of its workers telecommuting to work. Some of these studies have found that telecommuting helps boost the performance of the workers and this has been attributed to a number of factors. One of these factors is the amount of time that is saved by workers who do not have to commute to work every day. Each day there is an increasing number of hours that workers spend on the road on their way to and from work. These hours can be better spent working on their various tasks if they telecommute. This savings are also in the fact that a large percentage of the workers are now not forced to endure traffic jams that also consume a lot of the time which limits the workers productivity. If this time is spent doing company related tasks and as signments they can help improve greatly on the output of the company (Johnson, 2001, 169). The other idea is in the fact that those who telecommute to work have been found to have an increased amount of productivity as compared to their colleagues who do not telecommute.  

Basic Concepts Coursework Example | Topics and Well Written Essays - 250 words

Basic Concepts - Coursework Example For example, when â€Å"what you did† was done, it meant letting go of his girl, so he has to think twice if he cheats (â€Å"what you did†) because it would entail his girl leaving him. Beyonce Knowles Single Ladies also explains the basic transaction of exchange in economics. That if you want something, a good or service or in this case, the girl, you should pay or put a ring on it. This is present in the lyrics â€Å"Cause if you liked it, then you should have put a ring on it/ If you liked it, then you shoulda put a ring on it†. Johnny Cash’s I Walk the Line is a little complex because it explains the concepts of inelastic demand. That is, the demand remains constant regardless of price. In the lyrics, it present in these lines that reads â€Å"Youve got a way to keep me on your side/ You give me cause for love that I cant hide†. In this music, the other person which the music pertains to gives the singer â€Å"to keep me on your side†. The me is the â€Å"service† in this lyrics of which the other person is willing to pay or give at any price just to keep â€Å"me on your

Markets, Profits and Prices Case Study Example | Topics and Well Written Essays - 1500 words

Markets, Profits and Prices - Case Study Example If revenue is less than total variable costs, a firm should stop operating, even in the short run (Barron, Lynch & Blanchard, 2003, p.241). The second rule applies the concept of marginal cost. The profit must rise if producing another unit of output adds more to revenues that to costs. Similarly, the profit must fall if producing another unit increases costs by more than it increases revenues. The analysis of fixed, variable and marginal costs combined with identification of the market in which Boeing operates and the concept of opportunity costs can assist in understanding how Boeing estimated the offer made to its workers in a commercial aircrafts division. In the context of production, fixed costs are costs that do not change with the level of output they produce. Whether the firm produces 1 million units of output or zero units of output, those costs must be paid (Barron, Lynch & Blanchard, 2003, p.241). For Boeing, the plant, machinery and equipment should constitute the majority of its fixed costs in the commercial aircraft division. ... Other fixed cost components might include wages to executives, administrative and selling expenses, leases, etc. Overall, Boeing is expected to have a very high level of fixed costs. "On the other hand, any costs that do vary with output, like materials and labor, are referred to as variable costs" (Barron, Lynch & Blanchard, 2003, p.241). The major variable costs for Boeing are materials used for aircraft production (i.e. steel), utilities and labor. It is stated in the article that there are more than 18,500 members of the International Association of Machinists and Aerospace Workers covered by the Boeing contracts. This number indicates that Boeing hires a large amount of workers. Therefore, labor costs might account for the majority of variable costs of Boeing in producing commercial aircrafts. The total cost of producing a given amount of output is simply the sum of costs associated with the hiring of all the inputs, both fixed and variable. The average cost for Boeing is the total cost divided by the number of aircrafts that Boeing produces. Even though average cost figure provides some useful information to the company, it does not seem to play a significant role in economics decision-making."The marginal cost of production is the increase in total costs resulting when output is increased by one unit" (Barron, Lynch & Blanchard, 2003, p.79). Commercial aircrafts are very large products. So the marginal cost of production of Boeing should be very high in money terms, but commensurate with the prices Boeing charges for its aircrafts. Out of fixed and variable cost, only variable cost plays a role in decision-making. "Because the fixed costs do not vary with the level of output, they are irrelevant in

The Success of Rio Tintos Moves to India Essay Example | Topics and Well Written Essays - 2000 words

The Success of Rio Tintos Moves to India - Essay Example Tinto’s machines include Bulldozer, compact excavation machines, shredders, and grinders2. The mine raw materials from the mines are treated using fans. After treatment stage, decomposition and purification process follows immediately. The result of the two phases is a semi-solid product. This product is concentrated to a finished final product. The report summarizes the results of feasibility study in India. Rio Tinto proposes to use India as a distribution centre for its copper products. This company has taken this decision because of limited copper ores in India. Their plans are to extract and smelt copper using the sophisticated machinery from their company in Australia. They will then export copper products to enormous market in India. In this way, Rio Tinto will tap the untapped Indian market. They intend to take advantage of the large populace population in India. Rio is confident that India will not import copper product anymore from other countries. It expects a fair marketplace in India. Expansion of market to any region of this world is a challenge3. This is a guiding principle at the heart of the Rio Tinto management. Rio Tinto seeks important details on India’s technology level, the available workforce, and the type of infrastructure. Since India will serve as a distribution point, the company does not require a manufacturing plant. Rio Tinto is aware of possible market risk in the foreign nations. Technology is a very critical in the expansion of Rio Tinto’s. This is the reason why it has to do an in-depth research on market prospects in India. The report seeks to address many issues, which are central to the success of Rio Tinto’s moves to India. To start with, it will evaluate political environment in terms of India’s government stability. Next, it will discuss the legal framework with key interest in business law, labor laws, and taxation law. This is very crucial because the laws stipulate the procedures of e xport and import trade. The report will investigate both economic and socio-cultural environment. It will endeavor to assess tax policies, currency exchange rates, and inflation rates in India. Later it will survey the technological aspect of business environment and analyze external and internal factors, which affect Rio Tinto. This is the SWOT analysis. Finally, the report will give its recommendations to the Rio Tinto’s management on the feasibility of India as their market target4. 2.0 Political Environment 2.1. Government stability The India’s current government under Pratibha Patil has sound policies to promote direct foreign investments. The government embraces global trade links. They have a stable political system whereby they hold elections after every five years. Their rich democratic system receives acknowledgement globally. 2.2 Government and contribution Health investment policies attract a large pool of both domestic and foreign investors. The Foreign in vestment policy came into effect back in 1991. This policy has undergone through major reforms to suit the interest of investors. Currently the policy allows automatic and government-administered ways of investment5. The foreign investment policy is friendly enough to permits investor from outside to collaborate with either local or their foreign counterparts. 2.3 Analysis Indian government shows political will.

Individual Review on poster presentation 1,500 words Essay

Individual Review on poster presentation 1,500 words - Essay Example Volkswagen has a long history in China and plays a vital role in the Chinese automotive industry. In 1985, the Company signed a deal with SAIC that was formed by the merger of several local car manufacturers of China. This was a strategic move in history for the Chinese auto industry as well as Volkswagen. The company, Volkswagen Automotive Company Ltd (SVW) first identified those market segments which can be easily served with the existing product portfolio. Hence, Audi 100 became the Government officials car and Jetta emerged as commonly used taxies. Such strategic monopoly of the company assisted it to acquire a secure market share in China. This was the first phase of market penetration for Volkswagen in China and soon the company started developing strategies to further penetrate the market and expand its market share (Ray, 2003). Volkswagen was the first western auto manufacturer that entered China. The company was smart enough to be used as taxi and government cars which helped it to gain economies of scales. This strategic move also had a marketing aspect. The cars running on the roads of Shanghai acted as company’s showroom and thus more and more people came to know about the brand portfolio of Volkswagen. With time, the taxi fleet in Shanghai underwent an up gradation and each time a new model from Volkswagen’s brand portfolio has replaced the old one. Eventually, the company entered joint venture with local companies to develop a stable and reliable supply chain in the market. However, with increasing market competition from the local as well as international players in the auto industry, market share of Volkswagen started declining in early 2000s and the company went into crisis (EBF, 2007, p.47). With its innovation and creative thinking, the company introduced changes in its products as well as business strategy and reoccupied its lost image and established itself as one of the most popular cars. With time the Chinese auto sector has

The Rebel by Charlie Nguyens Essay Example | Topics and Well Written Essays - 1500 words

The Rebel by Charlie Nguyens - Essay Example Before 2002, foreign films were not allowed screening in movie theatres. The government revised its policy in 2002 and the private movie studios were given the green signal to carry out their work. This policy change brought new opportunities for independent movie producers to become commercially successful. By 2005, the private studios were seeing success in terms of production and distribution of movies but the commercial and independent moviemakers received no funding. The policy change seemed to lure for the expatriates who saw an opportunity in making films in Vietnam. Low-budget movie makers and technicians found the business profitable in the wake of increasing domestic disposable income. The expatriates especially jumped on the bandwagon. However, the moviemakers did not enjoy complete autonomy because the state policy determined the overall film production. The taste of the audience also governed the theme and movie genre. Betrayal and loyalty have turned out to be the two major themes in the Vietnamese film production history. The Rebel also portrays these themes, which are really relevant in the today’s Vietnam. Vietnam had remained at war for such a long time that it drained its economy and the much-needed liquidity. The country has either fought off invasions or engaged in wars with France, China, Japan, Cambodia and the US (Narkunas, p. 149). In 1979 Vietnam was fighting 1 million Chinese troops. The battle depleted Vietnamese economic resources and left it as one of the poorest countries in the world. It is inevitable that the theme of patriotism manifests itself in the Vietnamese film industry. The themes of betrayal and loyalty always almost always find its place in the screenplay of successful Vietnamese movies. The Rebel is based on the struggles of fighting the French occupation in Vietnam. The protagonists of the movie converse with his father about loyalty to the country.  Ã‚  

Hollywood movie history Essay Example | Topics and Well Written Essays - 4750 words

Hollywood movie history - Essay Example The "Hollywood movie history" essay traces the history of this land from the 1870s to 1960s and describes the salient points in its development. In 1910, film maker D.W. Griffith working for Biograph Company, came to Downtown Los Angeles, and with his acting troop to shoot films. Thus it was Griffith who shot the first ever movie in Hollywood, then without a studio. The film was called â€Å"In Old California†. It was a Biograph melodrama. The movie troop stayed there for several months before going back to New York. The oldest company, still existing in Hollywood is Nester and Centaur Films based in Gower Gulch and founded by William Horsley. This company created the first film laboratory in Hollywood. Nester Company started the first film studio in Hollywood in 1911.The studio functioned from an old tavern on the corner of Sunset and Gower. It was from here the early Hollywood legends like D. W. Griffith, (the director credited with the evolution of the film language, throug h his classics like â€Å"The Birth of a Nation’, â€Å"intolerance†), and Cecil B.Demille, known for his biblical epics, regularly started making films. Before the World War 1, movies were made in different cities of the United States. But many factors attracted, film makers to Hollywood. One of the major factors was that, they could evade the fees imposed for film making by Thomas Edison who had the patent for movie making process. â€Å"Going west had serious impulses of escapism in it: to get away from the Motion Picture Patent Company and the gangsters who had sought to organize film making in the East.†

Associate Program Material Essay Example for Free

Associate Program Material Essay Hard Drive Hard drives are complex storage devices in a computer. When installing a hard drive, you must consider numerous interface standards. You also must think about specific factors, such as the computer’s application, the type of motherboard, speed and noise, gigabyte barriers, subsystems, future storage needs, and archival issues. Refer to Ch. 8 of A+ Guide To Managing Maintaining Your PC for a deeper understanding of these issues. You may measure hard drive performance by looking at three different sources of information. The first is the data rate, the number of bytes per second the driver can deliver to the processor. The second is the seek time, the amount of time it takes when the processor requests information from the driver and the first byte of information is delivered to the processor. The third is the memory capacity of the hard drive. For this assignment, you replace the internal hard drives from the computer featured in the Computer Hardware Simulator (CHS). The current internal hard drives are old and starting to fail. You need to replace the current hard drives with similar drives or drives with more storage capacity. Search the Internet for three types of hard drives compatible with the CHS computer, and enter your information for each drive into the New Hard Drive Chart below. After comparing the two drives, make a recommendation on which you would purchase and justify your decision. You only have a budget of $45 to work with, so choose carefully.

The Basic Characteristics of an Effective Management Essay Example for Free

The Basic Characteristics of an Effective Management Essay I.Management-oriented: The basic objective of MIS is to provide information support tothe management in the organization for decision making. So an effective MIS should startits journey from appraisal of management needs, mission and goal of the businessorganization. It may be individual or collective goals of an organization. The MIS is suchthat it serves all the levels of management in an organization i.e. top, middle and lower level. II.Management directed: When MIS is management-oriented, it should be directed by themanagement because it is the management who tells their needs and requirements moreeffectively than anybody else. Manager should guide the MIS professionals not only at the stage of planning but also ondevelopment, review and implementation stages so that effective system should be theend product of the whole exercise in making an effective MIS. III.Integrated: It means a comprehensive or complete view of all the sub systems in theorganization of a company. Development of information must be integrated so that all theoperational and functional information sub systems should be worked together as a singleentity. This integration is necessary because it leads to retrieval of more meaningful anduseful information. IV.Common data flows: The integration of different sub systems will lead to a commondata flow which will further help in avoiding duplicacy and redundancy in datacollection, storage and processing. For example, the customer orders are the basis for many activities in an organization viz. billing, sales for cashing, etc. Data is collected bya system analyst from its original source only one time. Then he utilizes the data withminimum number of processing procedures and uses the information for productionoutput documents and reports in small numbers and eliminates the undesirable data. Thiswill lead to elimination of duplication that simplify the operations and produce anefficient information system. V.Heavy planning-element: The preparation of MIS is not a one or two day exercise. Itusually takes 3 to 5 years and sometimes a much longer period. So the system expert hasto keep 2 things in mind – one is that he has to keep future objectives as well as the firm’sinformation well in advance and also he has to keep in mind that his MIS will not beobsolete before it gets into action. VI.Sub System concept: When a problem is seen in 2 sub parts, then the better solution tothe problem is possible. Although MIS is viewed as a single entity but for its effectiveuse, it should be broken down in small parts or subsystems so that more attention andinsight is paid to each sub system. Priorities will be set and phase of implementation will be made easy. While making or breaking down the whole MIS into subsystems, it should be kept in mind that the subsystems should be easily manageable. VII.Common database: This is the basic feature of MIS to achieve the objective of usingMIS in business organizations. It avoids duplication of files and storage which leads toreduction in costs. Common database means a â€Å"Super file or Master file† whichconsolidates and integrates data records formerly stored in many separate data files. Theorganization of the database allows it to be accessed by each subsystem and thus,eliminates the necessity of duplication in data storage, updating, deletion and protection. VIII.Computerized: MIS can be used without a computer. But the use of computersincreases the effectiveness and the efficiency of the system. The queries can be handledmore quickly and efficiently with the computerized MIS. The other benefits are accuracy,storage capacity and timely information. IX.User friendly/Flexibility: An MIS should be flexible i.e. there should be room for further modification because the MIS takes much time in preparation and our environment is dynamic in nature.MIS should be such that it should be usedindependently by the end user so that they do not depend on the experts. X.Information as a resource: Information is the major ingredient of any MIS. So, an MISshould be treated as a resource and managed properly

Police Organizations And Administration Criminology Essay

Police Organizations And Administration Criminology Essay There is an old adage that states, Those who cannot remember the past are condemned to repeat it. Sadly, many people in the law enforcement community seem to think that the history of police work began the day they first put on their badge and gun belt. Because of this reason, each form of progress in law enforcement tends to be viewed as something completely innovative, without any historical background. This is truly the case in todays society in regards to community policing. In order to grasp a better understanding of the debate over community policing in our present time, officials within law enforcement should be knowledgeable of its history. History proves wrong to all of the outlandish claims made by some of the supporters of community policing and also warns against forgetting the important lessons of the past. It shows us that the idea to change policing strategies have been a continuous theme since the beginning of municipal policing. Most importantly, it reminds us that are problems in todays society, while very serious, are nothing new to the world of policing. Modern law enforcement history began about 181 years ago with the creation of the London Metropolitan Police District in 1829. By forming a new police force, the British Parliament tried to deal with the rise in crime rates in and around the nations capitol, attributed at the time to the fast urban growth, unconstrained immigration, alcoholism, high poverty, radical political groups, unsupervised juveniles very poor infrastructures, and merciful judges. The philosophy taken on by Sir Robert Peel, the first chief of the London Metropolitan Police, has become the traditional model for all British and American police organizations. These principles include the use of crime rates to determine the effectiveness of the police, the importance of a centrally located publicly accessible police headquarters, and the value of proper recruitment, selection, and training (Patterson, 1995). Possibly the most lasting and significant advancement was the establishment of regular patrol areas, known as beats. Before the creation of the London Metropolitan Police in 1829, the police, whether it was either civilian or military, only responded to a crime after it had been reported. Areas were not patrolled frequently; any crime prevention or arresting of criminals in the act of committing a crime took place coincidently. As part of Sir Robert Peels strategy, he would place his officers in specific geographic zones and held them responsible for preventing and stopping crime within these zones. He based this strategy on his belief that the officer would: 1) become known to the public, and citizens with information about criminal activity would be more likely to tell a familiar figure than a stranger, 2) become familiar with people and places and thus better able to recognize suspicious persons or criminal activity, and 3) be highly visible on their posts, tending to deter criminals from committing crimes in the immediate vicinity (Patterson, 1995). In order for Peel to put into action his beat model, he instituted a paramilitary command structure. Though Peel truly believed in civilian control, he also understood that only military discipline would ensure that his constables, to us known as officers, would actually walk their beats and enforce the law on Londons streets. Early American policing came about roughly similar to that of the London police. By the time of the Civil War, most of the populous U.S. cities had established municipal police departments. These police departments, just like the London police, had adopted a paramilitary structure. Police officers were required to wear distinguishing blue uniforms and foot patrol their assigned beats. However, there was a difference between American and London police officers. The American officers were allowed to carry a gun on their belt. They were also under the control of a politically appointed local precinct captain, unlike the London officers. By the turn of the century, the progressive movement began to promote professionalism in law enforcement as one of the basic components of rehabilitating municipal politics (Patterson, 1995). There was a true concern about corruption and violence in local police agencies that ultimately resulted in States taking over of some of the city departments. Eventually, that led to the formation of new State police agencies that would be free from corrupting influences of local area politics. Reformers fervently tried to protect the police from political obstruction and simultaneously preserve local government control. Founded in 1893, the International Association of Chiefs of Police (IACP) implemented a civil service personnel system and the centralization of power in powerful executive positions which would be able to control the politically united precinct captains. Reformers also wanted to change the responsibilities of police officers in American society. During the 19th century, police officers were doing more social work than law enforcement. American police officers were busy enforcing health and building codes, securing housing for the homeless, building and supervising playgrounds for children, and even finding jobs for ex-convicts (Patterson, 1995). Reformers felt that the social work being done by American police officers provided too many chances for political preferential treatment and was a waste of resources. They felt the American police officers time should be allotted to fighting and preventing crime. Technological and scientific advancement played a pivotal role in American policing. The forensic sciences introduced ballistics, chemistry (e.g. DNA), and fingerprinting. The technological advancement came in the form of the automobile, telephone, and the radio. These advancements took policing to an unprecedented level. Radios were installed in patrol cars which allowed for police officers to respond to emergency calls received by the police switchboard. The use of automobiles during the beat also had a great impact. It allowed for police officers to observe the area that they were patrolling from a distance while also allowing them to respond to any incident that might have occurred in another area in a timely manner. As time went on, professionalism within local police agencies encountered several problems. Many police agencies became divided between the older generation of officers and the newer college-educated officers. Advanced education contributed to greater levels of disappointment with the more everyday aspects of policing. With higher demands put on policing, such as being more efficient and objective, it caused officers to become detached from the community and go against any route that any elected political leader might have. Many people also questioned whether professionalism within local police departments was really taking place. Many departments implemented a civil service merit system to deal with hiring and promotion. A code of ethics was also implemented. Many of these departments supported their practices through knowledge based on experience (Patterson, 1995). None of the departments conducted any true scientific research, nor did they require any form of higher learning (coll ege degree) to be able to work in the field. It became evident in the past 40 years that professionalism was failing. With all the assassinations, urban riots, and gang violence that was taking place, the citizenry lost their trust in the polices ability to protect and serve them. The first organized resistance using the basic concept of community policing can be found in Skolnicks case study of the San Francisco, California, Police Departments Community Relations Unit. In 1962, the San Francisco Police Department formed a specialized unit based on the notion that police would give help to reduce crime by reducing despair; by acting as a social service agency to ameliorate some of the difficulties encountered by minority group persons (Patterson. 1995). The members of the unit were uneasy of the mission put forth on them due to the fact that they were not sure on what methods they would be applying in order to serve any of the minority population. Another problem that this specialized unit faced was how to maintain its identity as a police organization and at the same time to win the confidence of the minority group populationà ¢Ã¢â€š ¬Ã‚ ¦ordinarily considered a police problem (Patterson, 1995). Subsequently, the relationship of trust between the community a nd the unit resulted in complaints of misconduct against other police officers. The program was inefficient and quickly disbanded. A new strategy came about in the 1970s called team policing. Advocates of team policing recognized that: In recent years, due in part to changes in the social climate and in part to changes in police patrol techniques (more patrol cars, less foot patrol), many police agencies have become increasingly isolated from the community. This isolation makes crime control more difficult. (Patterson, 1995). Much like Sir Robert Peels strategy of placing an officer responsible for patrolling a specific beat, team policing assigned a team of police officers to a specific geographic area in order for them to learn about the neighborhood, its people, and its problems. Since team policing involves a team of people and not an individual, the chances of corruption are reduced. The concept of team policing appealed to many major American cities; cities tried employing different forms of it within the community. The different forms of team policing attempted in American cities failed. One of the main r easons why team policing failed was because it placed more effort on long-term problem solving than on quick response to incidents. Other reasons were that it violated the chain of command and also interfered with detectives and other specialized units in the police departments. The term community policing is basically made up of police philosophies, strategies, and tactics known as problem-oriented policing, neighborhood-oriented policing, or community-oriented policing. Just like team policing, the goal of community policing is that the officer(s) that is assigned to a specific beat will create a bond between himself and the community. Community policing encourages police officers to pursue higher education and conduct research on proposed methods of policing. Community policing officers dedicate a substantial amount of time performing social work. However, they also work independently and creatively to find solutions to the problems they encounter on their beats instead of merely responding to emergency calls and arresting criminals. (Patterson, 1995). By doing this, community police officers are able to make many personal contacts in the community. All of the standards of community policing coincide with the values of police culture: crime fighting, stan dard operating procedures, and a paramilitary chain of command. Community policing consists of three key components. The first is community partnerships which are defined as collaborative partnerships between the law enforcement agency and the individuals and organizations they serve to develop solutions to problems and increase trust in police (Wikipedia, 2010). The second component is organizational transformation which is the alignment of a law enforcement agencies organizational management practices, structure, personnel, and information systems to support community partnerships and proactive problem solving (Wikipedia, 2010). The final component is problem solving which is the process of engaging in the proactive and systematic examination of identified problems to develop and rigorously evaluate effective responses (Wikipedia, 2010). Community policing has received favorable reviews from politicians, academic scholars, public administrators, the media, and, most importantly, the general public. Despite the positive support that community policing has received, it has gone through some upheavals at the operational level in almost every place that it has been implemented. When comparing modern community policing against the first forms of community policing in America, there are a number of significant errors that are noticeable. Even though community policing was accepted by many people that were in and out of the public eye, the reality was that the program was only put into place when there was grant funds available. If there were funds, then the next issue would be which neighborhood groups would the specialized unit need to operate in. The priority was placed on funding and which neighborhood to appease than actually coming up with a strategic management plan. Another problem was that many of the officers that were involved in community policing appeared unsure of who to serve and how to serve them. They used different techniques that ranged from enthusiastic social work to forceful street crime policing. Many of the cities that tried to implement community policing did so by using small, specialized units in well-defined neighborhoods. This caused a negative reaction within other communities because other residents felt ignored by the police. It also caused a rift between police officers because there was a perception that community police officers play by different rules and do not have to respond to the same possible violent calls that other officers have to take. Personnel evaluations and lack of efficiency are two other issues within community policing (Friedmann, 1996). In regards to personnel evaluations, many cities have been slow to change their forms of evaluating officers. They are still using traditional indicators, such as calls handled and arrests made, to evaluate performance instead of evaluating officers on their efforts to solve problems. Lack of efficiency is a major issue because community policing is truly labor intensive. Foot patrols, a key component in community policing, was discarded by prior generations because it was not a cost effective way to deliver police services (Patterson, 1995). Due to the shrinking tax base in cities and public demands for leaner government, there are few opportunities to make community policing effective. Decentralization and permanent assignments are considered to be two focal elements of community policing. Unfortunately, these two elements conflict with the professional model (Friedmann, 1996). One of the first changes made by the IACP was the implementation of a more centralized authority and also a mandatory rotation of assignments for officers. An unplanned consequence of community policing was that in order for officers to get to know their beat, they would have to be able to spend a significant amount of time in the community building relationships with the residents. The relationships formed between officers and citizens lead to an increased in corruption and biased behavior by officers. Crime is a natural condition of society. Police administrators, police officers, political leaders, and the public need to accept the inevitability of crime in order to avoid being deluded into unrealistic expectations by new programs (Patterson, 1995). It is important to realize that top to bottom organizational changes in policing are inevitable. These changes, however, do not represent a novelty in policing. The changes that are occurring in policing today are a consequence of a long history of problems encountered since the beginning of policing. It is pivotal that police administrators learn the history of policing and the lessons that have been learned from the past. If they do, they will be better prepared for the uncertain and challenging future.

Essay --

The Connection Between Malaria and Deforestation Deforestation is the clearing of forests where the land is then converted for other uses. Deforestation happens globally on a massive scale as humans expand and cultivate the land. Examples of deforestation include the clearing of forests for cattle farming, mining and of course logging operations as well as a multitude of other uses. In the Amazon deforestation has been a problem for hundreds of years, ever since the Europeans ventured to the new world the Amazon has suffered from human settlement and the development of land. Because of these changes to the rainforest the ecosystem has been changed indefinitely. Malaria is an infectious disease born from mosquitoes that is caused by parasitic protozoa that reside inside the mosquito. In most cases the disease is transmitted through getting bitten by an infected female anopheles mosquito. the protozoa is transferred to the victim from the mosquitoes saliva into their circulatory system. Malaria symptoms usually include headaches as well as fever. In dire cases this can progress into a coma or can be fatal (CDC 2014). Malaria is typically found in warmer regions of the world mostly tropical and sub tropical countries. The reason for this is the Anopheles mosquito thrives in higher temperatures. Malaria parasites grow and develop inside the mosquito and needs warmth to complete its growth before they are mature enough to be transmitted to humans.. Some examples of areas that malaria is present include South America, Asia and Sub-Saharan Africa (CDC 2014). I believe that deforestations leads to an increase in the occurrence of malaria because of the increased survivability of the Anopheles darlingi mosquito in disturbed areas... ... improved due to land cultivation, all leading to an increase in malaria cases because of the upsurge of the Anopheles darlingi population. References †¢ Vittor, Amy Yomiko, et al. "The effect of deforestation on the human-biting rate of Anopheles darlingi, the primary vector of falciparum malaria in the Peruvian Amazon." The American Journal of Tropical Medicine and Hygiene 74.1 (2006): 3-11. †¢ Yasuoka, Junko, and Richard Levins. "Impact of deforestation and agricultural development on anopheline ecology and malaria epidemiology." American Journal of Tropical Medicine and Hygiene 76.3 (2007): 450. †¢ Olson, Sarah H., et al. "Deforestation and malaria in Mancio Lima county, Brazil." Emerging infectious diseases 16.7 (2010): 1108. †¢ "Malaria." Centers for Disease Control and Prevention. Centers for Disease Control and Prevention, 05 Feb. 2014. Web. 11 Feb. 2014.

Analysis of Ralph Ellisons The Invisible Man Essay -- Rhetorical Anal

Analysis of Ralph Ellison's The Invisible Man The prologue from The Invisible Man deals with many issues that were palpable in the 1950s, and that unfortunately are still being dealt with today. An African-American man who refers to himself as the invisible man goes through life without being truly noticed as a person. He states that because of his skin color he is only looked down upon, if he is ever noticed at all. The invisible man goes through life living in a closed down part of a basement that no one knows exists and he anonymously steals all of the power that he needs from the Monopolated Light & Power Company. Ralph Ellison successfully captured the ideas and issues of the time in this essay with the elements of the rhetorical triangle, the use of pathos, and the rhetorical devices. Ellison wrote the prologue from The Invisible Man in 1952 and was dealing with racism on the home front. Although troops in Korea were desegregated and allowed to fight side by side with the white soldiers, there were still problems when the troops came home from the police action. Racism was exceedingly evident in this time and was shown in the article by speaking of the shadows, and saying how the invisible man disappeared in the shadows, making himself unseen to the blond man that he assaulted. This article was written to show America and the world that there was still a line dividing black and white, and that the extremely destructive treatment of blacks made them feel like inferior citizens. Ellison states, â€Å"nor is my invisibility a matter of a biochemical accident to my epidermis† for him invisibility is just him. In the early 1950s no one was openly talking about racism like Ellison did in this treatise. He brought t... ... case and arrest the audience. All of the successful rhetorical devices were used to covey deep emotions, putting the reader in the middle of this emotionally filled essay. Through the use of the rhetorical triangle Ellison showed his audience, the oppressed, that they were not the only ones feeling the way that they did, and that America had problems and double standards that it needed to work out. His pathetic claims and astounding description pulled the reader into the story and gave it a sense of reality. Ellison got onto the same level as those that he was trying to reach by keeping the essay informal, and using real life experiences to make his point. Ralph Ellison used many different rhetorical devises to convey to his audience that the world was not perfect and that there was an invisible man out in the world that no one would take the time to notice.

Personal, Social, and Cultural Contexts Established by the Frame Story

Personal, Social, and Cultural Contexts Established by the Frame Story in MAUS  Ã‚      The use of the frame story, an overarching narrative used to connect a series of loosely related stories, pervades literature. An example of a frame story on a large scale - tying together a whole book-length work, not a simple short story - can be found in Art Spiegelman's graphic novel MAUS. Each of the narrative's six sections is framed with snatches of the interaction between Vladek and Art during the "interview" that supposedly occurred to create the book. This framing helps us learn about Vladek's character, which we would not know about from his rather flat, unemotional Holocaust narrative. In coming to understand this book, we must also take into account the fact that no work of literature exists in a vacuum, and all literature is affected by the social and cultural contexts of its author and its reader. MAUS is no exception. In MAUS, the use of frame stories helps to establish personal, social, and cultural context for the "main" stories told within. In this effort to give literary works some sort of context, it seems that there are three "filters" through which any work of literature can be viewed. The first of these is what I will call the "personal context", that is, the information we amass about the previous experiences of the protagonist and other central figures of the work. Clearly, what has happened to a person, real or fictional, in the past will indelibly inform their present and future actions and emotions. The second "filter" is the "social context": the relationships that characters form among themselves. (In MAUS, I will also refer to this as the "familial" context, since the central relationship in the book is... ...e graphic novel. This helps to clarify the cultural context in which Vladek views himself. In conclusion, three different types of context are established by the "frame story" in the book. These are the personal, social, and cultural contexts which I have described. Perhaps there are others, but these three seem to be the most central to understanding the interaction of literature with its background culture. As there is reader-response criticism, perhaps we might propose a school of culture-response criticism, devoted to understanding the ideas portrayed in literature in light of the surroundings in which they were created.   "Captured in a photograph, without a frame, You see her standing tall but you see no face to blame."   Tara MacLean, "Let Her Feel The Rain" Works Cited: Spiegelman, Art. Maus. New York, Toronto: Random House, Inc. 1973. Personal, Social, and Cultural Contexts Established by the Frame Story Personal, Social, and Cultural Contexts Established by the Frame Story in MAUS  Ã‚      The use of the frame story, an overarching narrative used to connect a series of loosely related stories, pervades literature. An example of a frame story on a large scale - tying together a whole book-length work, not a simple short story - can be found in Art Spiegelman's graphic novel MAUS. Each of the narrative's six sections is framed with snatches of the interaction between Vladek and Art during the "interview" that supposedly occurred to create the book. This framing helps us learn about Vladek's character, which we would not know about from his rather flat, unemotional Holocaust narrative. In coming to understand this book, we must also take into account the fact that no work of literature exists in a vacuum, and all literature is affected by the social and cultural contexts of its author and its reader. MAUS is no exception. In MAUS, the use of frame stories helps to establish personal, social, and cultural context for the "main" stories told within. In this effort to give literary works some sort of context, it seems that there are three "filters" through which any work of literature can be viewed. The first of these is what I will call the "personal context", that is, the information we amass about the previous experiences of the protagonist and other central figures of the work. Clearly, what has happened to a person, real or fictional, in the past will indelibly inform their present and future actions and emotions. The second "filter" is the "social context": the relationships that characters form among themselves. (In MAUS, I will also refer to this as the "familial" context, since the central relationship in the book is... ...e graphic novel. This helps to clarify the cultural context in which Vladek views himself. In conclusion, three different types of context are established by the "frame story" in the book. These are the personal, social, and cultural contexts which I have described. Perhaps there are others, but these three seem to be the most central to understanding the interaction of literature with its background culture. As there is reader-response criticism, perhaps we might propose a school of culture-response criticism, devoted to understanding the ideas portrayed in literature in light of the surroundings in which they were created.   "Captured in a photograph, without a frame, You see her standing tall but you see no face to blame."   Tara MacLean, "Let Her Feel The Rain" Works Cited: Spiegelman, Art. Maus. New York, Toronto: Random House, Inc. 1973.

Lord of the Flies Symbolism Project Essay

5 Quotes: 1. â€Å"You’re a beast and a swine and a bloody, bloody thief!† (Golding 252). 2. â€Å"I expect the beast disguised itself† (Golding 225). 3. â€Å"’ ‘Course there isn’t a beast in the forest. How could there be? What would a beast eat?’ ‘Pig.’ ‘We eat pig.’† (Golding 83). 4. â€Å"’Fancy thinking the Beast was something you could hunt and kill!’† (Golding 143). 5. â€Å"’No go, Piggy. We’ve got no fire. That thing sits up there – we’ll have to stay here.’† (Golding 129). 6. â€Å"’ Be frightened because you’re like that – but there is no beast in the forest.’† (Golding 83). 7. â€Å"But a sign came down from the world of grown-ups, though at the time there was no child awake to read it. There was a sudden bright explosion and corkscrew trail across the sky; then darkness again and stars. There was a spec k above the island, a figure dropping swiftly beneath a parachute, a figure that hung with dangling limbs.† (Golding 95). Quote: [Simon] â€Å"What I mean is†¦ maybe it’s only us† (Golding 120). In the Lord of the Flies, much of the boys’ trouble is due to the â€Å"beast† on the island. In this quote, Simon explains his feeling that the beast is within the boys themselves. After all, belief in the beast first came from the worries of a littlun. As Simon attempts to convey, the contents of the boys’ minds and hearts are the most destructive, and perhaps only, beastly thing on the island. The group subsequently rejects the idea that civilized English boys could possibly be compared to beasts. The boys’ denial of their own power is later contrasted to their vicious search for it, such as when Jack becomes the main physical threat on the island. To Simon and the readers, the â€Å"beast† becomes a symbol for the dark side of human ability: dangerous, savage, and uncontrollable. Jack’s tribe members become known even to the boys as savages, the closest man comes to beasts of nature. The â€Å"beast† can also refer to human nature: man’s ability to lose his humanity and instead be controlled by fear, ignorance, and evil. The more they boys try to protect themselves from an external beast, the more they themselves embody the symbol by the qualities they possess.

Consider how succsesful sheriff conveys the realities in war situations Essay

The play called Journey’s end is all based on real events of WW1, it is written by R.C.Sherriff, the title of the play shows us the play is about a journey but has to come to an end quite obvious but very important, In Act one scene one we get an insight where Osborne is having a conversation with Hardy which leads onto the important part of the play the big German attack, ‘By the way, you know the Big German attack is expected any day’. Surely you would expect that you would be very shocked to hear of this news but Osborne simply plays it down saying ‘It’s been expected for the last month’ as if to say will they ever do it? Now Osborne and Hardy have a long conversation and the audience must think now this is unusual would they have time to that and if you’re asking what that is then ‘Ever ad earwig races?’ ‘ no’ ‘I will give you a tip’ ‘what’ ‘if u dip them in whiskey they go li ke hell’ This I think shows typical men gambling and competition but it also shows us the joy of the war how close the soldiers are together which points out they have spent a long time in the trenches together so it’s showing us that its long ‘ When Hardy finally leaves Osborne alone, the cook Mason comes in to talk about dinner but Mason is the sort of character who eve though there is war he can still is very funny. ‘Soup sir cutlets’ ‘Just kidding ordinary rationary meat sir looks like liver but it has not got that wet smooth look that liver has got and it has a noo shape. After this the new soldier has arrived and Osborne is there to greet him, the new soldier is Raleigh but he is also still a schoolboy ‘Oh no you see I only left school at the end of the last summer term’ this shows us just how bad the war situation was the fact that they were now forcing schoolboys in. In act two scene one again we find out about the food and how you have to save it ‘well take the lumps out of my porridge, good keep the lumps and use um for dumplings next time e ave boiled beef. Then they talk about the big attack again ‘the boche is up to something. The big attack is soon’ Then Raleigh says something strange which makes the audience think but there your enemies ‘those germans are well decent. there is a joke next where mason says ‘ would you like some sardines’ no I would loathe it sir’ very good sir’ this show the audience that mason gives it him as it is the only thing for him to eat and even though he hates it he has no choice but to eat it to built up his strength. The main focus is Act three scene 3 starts off with great imagery ‘The candles are no longer burning’ the intense darkness of the dug out is softened by the glow of the Very lights in the sky beyond the doorway. There is no sound except for the distant mutter of the guns. ‘Putting the mug on the table’ shows it is a very big dug out as it can have all those things in the dug out, which shows us that they must have some importance. Its dawn ‘Towards dawn’ which sets the scene just another old day. ‘OT teaâ€℠¢ they have tea which shows that they have a jolly morning meaning there is two sides to the war. ‘Trotter is singing a long long trail’ which means its joyful there is still humour in the middle of a war, there is also humour because Stanhope says ‘Has the milkman been yet in French’ ‘The faint whisper of shells hitting the dug out’ It shows the big attack has started, intensifying ‘three more shells hit rapidly’ building it up. ‘Trotter’s hand is quivering’ which shows he is scared out of comfort. ‘Stanhope is still writing in his book’ which means that he isn’t taking much notice he is staying calm ignoring the fact he could probably die any minute. ‘Only corporal Ross hit’ showing us the other side of the war that it is not all peace and happiness. ‘Red glow of dawn’ Sort of angry colour, Then Raleigh is shot in the back. ‘Bit of shells got him in the back, Fraid it’s broke his spine, sir can’t move his legs. This is where Stanhope realizes how much he likes Raleigh, normally Stanhope would get them took down to the big dug out on the right but not Raleigh, ‘Bring him down ere’ which shows Stanhope is saying Raleigh is important my best friend, ‘Raleigh wakes from unconsciousness ‘Hullo——Dennis’ which shows us that he is weak from the attack and he is slowly dying, but Raleigh thinks he is ok ‘Im okay now (he tries to rise) then they are talking about the gun noise ‘Nah it is mostly their guns’ showing that they know the war is half lost and there isn’t a lot of hope left in it at all. We have an awful conversation that is so sad about Raleigh is going to die but Stanhope is trying to keep up the hope and then he dies and it is all so sad. Then Stanhope leaves and a shell hits the dug out causing it to collapse snuffing out the candle leaving Raleigh in darkness, we can only think none of them survived.

‘Paradise Lost’

Paradise Lost begins and ends with Man, but this is not Man as we know him in daily life, nor indeed as he is usually depicted in literature, but a perfect, pre-lapsarian Man. The primary concern of this epic poem appears to be â€Å"man's first disobedience†2 and the results of that action. However, although Milton uses the word â€Å"man†, it is universally understood that it was not a man, but a woman who disobeyed God and brought about the downfall of the human race. This woman is Eve. Diane Kelsey McColley in her book Milton's Eve asserts that the â€Å"story of our first parents shows woman as flesh, passions, nature, and sexuality seducing man as soul, reason, spiritual virtue and contemplation from his proper relation to God†.3 The portrayal of Eve as primordial temptress is a long-standing one and can be found not only discursively in literary history but also pictorially in art history, and these traditions are perhaps accountable for the reductive opinion of Eve today. Before Paradise Lost, literary accounts of the Fall interpreted the story as male virtue undone by female concupiscence and masculine reason undermined by feminine passion. This blame for Eve as Adam's inferior perhaps originates from the source of the story, the book of Genesis. When God discovered that the apple had been eaten, He inquired of Adam whether he had eaten from the tree of knowledge. Unquestionably accepting his answer that the blame should be heaped on Eve, for it was she who had given it to him, He then proceeded to accuse her for the disobedience: â€Å"And the LORD God said unto the woman, What is this that thou hast done?† (Genesis 3:13) 4 This accusation is directed only at Eve, as God assumes Adam's view that she is the one to blame. When the Lord comes to dealing with punishment for their actions, it would appear that Adam's wrongdoing was primarily in the fact that he listened to and obeyed his wife, as this action is the one God stresses firstly and unnecessarily; with the eating of the apple – and thus the contravening of His law – coming as a secondary citation for punishment: â€Å"And unto Adam he said, Because thou hast hearkened unto the voice of thy wife, and hast eaten from the tree†¦Ã¢â‚¬  (Genesis 3:17) 5 It may be surprising that even after the easing of patristic restrictions on women's liberty resulting from the Reformation, Puritan and moderate Anglican writers still continued to echo the reductive view of Eve and therefore women in general. Such a case is John Donne, who draws on the established authority of the Bible and shares such opinions as: â€Å"†¦ye wives, be in subjection to your husbands;†¦Ã¢â‚¬  (I Peter 3:1) â€Å"†¦ye husbands, dwell with them according to knowledge, giving honour unto the wife, as unto the weaker vessel†¦Ã¢â‚¬  (I Peter 3:7)6 The idea that women are â€Å"weaker†, secondary beings who lack in some way the virtues and the higher intellect of men, is reinforced as an established idea by Aristotle's statement that the female is â€Å"a deformity†¦of nature†¦perhaps rather bad than good†, and Plato's that men are reborn as women if they have been â€Å"cowards or led unrighteous lives†.7 It is perhaps a result of these ingrained ideas, that painters and poets have rarely captured what Milton dwells on in his epic, the innocent pre-lapsarian lives of Adam and Eve, and instead have focused on the temptation and downfall of the first man and woman and its symbols – Adam, Eve, the serpent and the tree. Within these portraits, there can be found many depictions of Eve. She is predominantly wanton in one, and yet frailly dignified in another; but in all can be found an emphasis on her fantastic beauty, which is presented as a glorious attribute and yet a cunning snare – ultimately the source of the loss of the paradisal garden she embodies. McColley discusses some examples of this iconographic tradition in her book, including Raphael's ceiling fresco, Stanza della Segnatura.8 The tree of knowledge stands between Adam and Eve, literally and symbolically the object that divides them. Encircling this instrument of division is the catalyst of the Fall, the serpent, half-hidden in the shade of the tree. Adam, half-sitting, gazes at the tree with his palm outstretched, mirroring Eve's gesture. However, she is standing upright in the dominant position, openly gazing at him with a knowing look full of concupiscence and temptation. It is difficult to observe from the print in the book, but McColley states that not only is the serpent â€Å"half woman; it is a shadowed Eve: the same half-turned face, straight nose, bowed mouth, and rounded breasts, the same hair†¦waved back over the left shoulder and hanging loose on the right, each grasping a limb of the tree, their heads nearly touching, and each bending on Adam the same provocative gaze.†9 This image of Eve as the beautiful and debilitating seductress, akin with the serpent, represents the dark and dangerous side of the Fall and of Eve herself. This representation suggests to the viewer, by linking beauty and sexuality with the Fall, that Eve's qualities were inherently corruptive. If this is the case – and I do not necessarily believe this to be true – then the God who created her and gave her to Adam to be â€Å"fit help†(VIII: 450),10 would be, as the fallen Adam claims, baiting a trap. To see Milton's Fall as the central action of the poem in this way, with pre-conceived ideas of sin and blame falling on Eve's head, would be to see and stress the darkest and most sinister side of each image and allusion that Milton makes. However, if we regard creation and the regeneration of life after the Fall as just, if not more, important, then we shall see patterns of positive and redeeming features in Eve's behaviour and be able to foresee possible redem ption and regeneration. The main areas of contention which surround and shape the ideas both of how Eve is perceived, and her role in the Fall, are her relationship to and separation from Adam, her behaviour during the temptation, and whether she was in a sense ‘fallen' before the event itself. Eve, made from a rib of Adam, is traditionally seen as his inferior, â€Å"not equal, as their sex not equal seemed† (IV: 296)11 and her servitude justified on the basis that Adam is â€Å"for God only, she for God in him† (IV: 299)12. However, although this is echoed in the Bible's â€Å"bone of my bones, and flesh of my flesh†,13 it could be said that the direct distinction in these quotations between Adam's hierarchical position and that of Eve's is only described by the narrator's voice depicting what Satan saw. To analyse the statement in this way then, is to question the validity of Satan's observations and whether his definition of Adam and Eve is to be trusted as correct, and to question whether the narrator is in part responsible for reflecting the expectations of his audience.14 In pre-lapsarian scenes, Milton shows that Eve has a growing sense of responsibility as her understanding of the opportunities of her calling becomes greater. This is evident in her conversational language which combines questioning, reflection, wit and gaiety: â€Å"†¦we in our appointed work employed Have finished happy in our mutual help And mutual love, the crown of all our bliss †¦and this delicious place For us too large†¦ But thou hast promised from us two a race To fill the earth, who shall with us extol Thy goodness infinite†¦Ã¢â‚¬  (IV: 726-734) 15 Even her choice of love for Adam over the narcissistic self-love she revelled in when first in the Garden, and her faithful toil for the God who created her reveals her virtues as a strong, determined, generous and selfless person, so why not, therefore, worthy of being Adam's equal? Although there appears to be an insistence – despite some evidence to the contrary – on the essential masculine authority of Adam, the reader should not be blinded to the fact that Eve is as necessary to Adam's fulfilment as he is to hers. They naturally complement each other and without the other neither would be complete: â€Å"For contemplation he and valour formed, For softness she and sweet attractive grace† (IV: 297-8)16 This complementary nature could even be seen to stretch to a mutual need and dependency: â€Å"†¦I†¦. †¦enjoying thee Pre-eminent by so much odds, while thou Like consort to thyself canst nowhere find.† (IV: 445-48)17 However, this argument is perhaps most reinforced by the narrator's first description of the pair, when Eve is included in all the valued qualities usually solely attributed to Adam: â€Å"Two of far nobler shape erect and tall, Godlike erect, with native honour clad In naked majesty seemed lords of all, And worthy seemed, for in their looks divine The image of their glorious Maker shone, Truth, wisdom, sanctitude severe and pure†¦Ã¢â‚¬  (IV: 288-293)18 This sharing of attributes and the responsibilities inherent to God's first man and woman are also illustrated by the clear parallel of Adam having the power to name the animals (VIII: 350-354) and Eve possessing an equal power to name the flowers (XI: 277). The first parents, as an equal couple, â€Å"perfectly incarnate the proper relations and actions of the two sexes†19. The idea that pre-lapsarian Adam and Eve had a sexual relationship causes much debate amongst critics. Whether such intimate relations were appropriate for the innocent and perfect pair is debatable, but I believe that pure love such as theirs cannot possibly be inappropriate, and that a lack of sexual love would indicate a flaw in their relationship. God created them to be the mother and father of mankind, to ensure continued renewal of life on earth, and so it is with His ‘permission' that they make love: â€Å"Be fruitful, multiply, and fill the earth†¦Ã¢â‚¬  1 (VII: 531) 20 Fertility in Hell is a curse rather than a blessing; it produces tormenting monsters that feed on their mothers' womb, but conversely, fertility is everywhere in Heaven. The reader can â€Å"apprehend it in the light, the fountains, the rivers, the flowers, the dances, and the songs†.21 Raphael tells Adam that the angels, the intermediaries between Man and God, contain within them â€Å"every lower faculty† (V: 410)22 which enables them to enjoy sexual relations themselves: â€Å"Let it suffice thee that thou know'st Us happy, and without love no happiness. †¦we enjoy †¦and obstacle find none Of membrane, joint, or limb, exclusive bars: Easier than air with air, if Spirits embrace, Total they mix, union of pure with pure Desiring†¦Ã¢â‚¬  (VIII: 620-628) 23 This is an example of a purer and loftier union than that of Man, but represents the transcendence of human love between a man and woman, thus rendering it ‘appropriate', natural and credible. When placed in the context of Milton's beliefs and the politics of the times, his conviction that there could be no paradise for man without sexual love seems personal and original. But in doing so, he attacks not only the â€Å"conventional idea that sexual intercourse was a result, (if not a cause) of the Fall, but also prostitution, the Catholic tradition of clerical celibacy, the fashionable tradition of playing with love, and the entire literary tradition of the lyric poet as abject suitor to his disdainful mistress†24. He may be making a political point, but I believe such an idea is fitting and vitally symbolic. They enjoy fertility as ripe as that of the lush Garden which provides them with sustenance, and were created to continue the cycle of Life on Earth, as they themsel ves help to maintain the cycle of Life in Eden. God's instructions to Adam and Eve to tend the garden are used by Milton to explain Eve's temptation when they are separated. This unquestionably gives her a sense of responsibility for the events which take place, but to what extent is a vital source of debate. Adam can be seen to treat Eve as a free being, dissuading her with lucid arguments, rational warnings, and loving tenderness, but he does not constrain her against her will: â€Å"Well hast thou motioned†¦. Yet not so strictly hath our Lord imposed Labour†¦ †¦but if much converse perhaps Thee satiate, to short absence I could yield†¦. But other doubt possesses me, lest harm Befall thee severed from me;†¦ †¦leave not the faithful side That gave thee being†¦ Who guards her, or with her the worst endures.† ( IX: 229-269) 25 A skilled rhetorician, Adam tries to the best of his ability to dissuade her from her decision to divide their labours, but to no avail. Eve, with a determined, â€Å"the willinger I go†26, withdraws from him and continues alone. Perhaps Adam's failure to restrain her forcibly is the root cause of the Fall? Ultimately no one can say, but nevertheless I believe this question to be a valid one, if only owing to the last line of the above quotation. The words are filled with poignancy and foreshadowings of the tragedy to come for the knowing reader, and such a line from Milton is surely expected to reflect the ironic seriousness of Adam's unknowing promise. Therefore, this clearly should cast doubt into the reader's mind as to whether it was Adam as the too-trusting husband who is to blame for not enforcing Eve's expected subjugation to his will, and allowing the possibility of the temptation to actually occur. Eve's behaviour during the temptation and the question of whether she was already ‘fallen' before the event are often inter-linked and become symptoms of each other. The occurrence of her dream and her reaction to it is also an integral part of this issue. E.M.W. Tillyard in the essay ‘The Crisis of Paradise Lost' asserts that Eve has already ‘fallen' before the Fall, by referring to her dream, saying: â€Å"..into the mind of angel or man evil may enter, and, if it is repudiated, fail to incriminate. In the abstract the doctrine may be tenable, but it cannot work in concrete literary presentation. No human being can conceive or represent evil entering a mind quite alien to it†¦ the mere fact of entrance implies some pre-existing sympathy†¦ Eve†¦ does by her symptoms imply that it has touched her†¦Ã¢â‚¬ 27 One could argue that Tillyard's assertion of human being's behaviour is not applicable to Eve as both she and Adam are, as I have already stated, not humans as we know them – but there is also another line of argument to counter this. It could be said that Milton has built into his poem a sustained distinction between pre- and post-lapsarian nomenclature, and it is this device which aids the reader in distinguishing certain features of Adam and Eve's character to illustrate how they have changed from pre-lapsarian innocence into the post-lapsarian, fallen creatures they will become. This also creates an obvious echo between parallel yet contrasting events before and after the Fall. Adam himself describes Eve as â€Å"crooked by Nature† (X: 885) 28, implying that Eve was in fact ‘fallen' before the eating of the fruit, but this is in the post-lapsarian phase of the poem, and his language has deteriorated from the perfect, pure communication he possessed before the Fall into a dualistic, anti-feminine diatribe. This fact could be seen to reduce the credibility of his words, as he no longer holds the power that is associated with his previous ‘Adamic' language. One could agree with the fallen Adam's assessment of Eve, by citing the many comparisons Milton makes between her and infamous temptresses from classical myth. However, not only do the aforementioned goddesses have innocent aspects as patronesses of natural fertility, (just like Eve in Eden), this reductive portrayal by Milton would commit a terrible blasphemy, contradicting his faith, by blaming God for her sin because he created her innately flawed. What the reader witnesses throughout the temptation is a contest (unconscious on her part) between Eve and Satan for â€Å"the authority to interpret pre-lapsarian language†29. The serpent first stakes a claim upon Eve's language through the seeming miracle of being capable of speech: â€Å"†¦he glad Of her attention gained, with serpent tongue Organic, or impulse of vocal air, His fraudulent temptation thus began.† (IX: 528-5531) 30 The reference to his communication as organic would infer to the reader that it is natural, and the language of pre-lapsarian Eden. However, although Eve is seduced by this into believing it to be true, the reader alone – owing to the description of it as an â€Å"impulse of vocal air† – knows it to be false. The reason this is so is because Satan already has the knowledge of good and evil, and is therefore incapable of the untainted speech of Eve. In this way, therefore, I do not believe that Eve can be seen as already ‘fallen', for without a previous acquisition of ‘knowledge' Eve could not realise that the words of the serpent were that of an evilly corrupted version of her own. Eve's wonder at this apparent ‘miracle' creates a dangerous moment for Satan, one in which he must exercise special vigilance. However, it is an opportunity she misses, and he turns it into his advantage by attributing his power to the forbidden fruit. In the world of Eden, where Adam's birthright of the power to name the animals with a pure and natural speech conveys enormous power, language is knowledge and this is how Satan gains his power. Temptation was not a new idea for Milton. He wrote a Puritan masque, originally entitled A Masque Presented at Ludlow Castle, 1634, but popularly known as Comus. The theme of the masque is â€Å"the death of false pagan values when they are opposed by Christian virtues†31, and, like Paradise Lost, is concerned with the process of temptation and the power of evil to corrupt innocence. The vital difference between the two, however, is that the central female character, The Lady, does not succumb to the machinations of her would-be tempter: â€Å"COMUS: This will restore all soon†¦ LADY: †¦'Twill not restore the truth and honesty That thou hast banished from thy tongue with lies.† (lns 689-692) 32 It could be said that the reason for Eve to Fall when The Lady does not is that she was innately flawed, a bait for Adam designed by God, or merely an inferior and weak female. I believe however, that the reason for Eve's Fall is to signify redemption and regeneration. Paradise Lost was published in 1667, having been written in a period of great social unrest. The government believed to be God's government by Milton and his fellow Puritans had collapsed in 1660 with the Restoration of Charles II. This raised moral questions which I believe in part to be responsible for Milton's questioning about the â€Å"ways of God† (I: 26)33, and which resulted in the exploration in this poem of a God who does not intervene to stifle evil. The brief image of the labourer returning home after a day's work in the fields at the end of Book XII of Paradise Lost is â€Å"especially effective, a moving evocation of the life and toil and poverty and weariness and also of homely satisfactions – all the common experience of humanity which Adam and Eve must now face†.34 Eve, though fallen, is in the process of regeneration, and, just like the political climate of Milton's era, can resume development of her pre-lapsarian virtues, though now through pain and â€Å"woe† (I: 3).35

Dhaka Stock Exchange Collapse of 2010â€2011 Essay

Dhaka Stock Exchange (Generally known as DSE) is the main stock exchange of Bangladesh. It is located in Motijheel at the heart of the Dhaka city. It was incorporated in 1954. Dhaka stock exchange is the first stock exchange of the country. As of 18 August 2010, the Dhaka Stock Exchange had over 750 listed companies with a combined market capitalization of $50.28 billion. 1.1 History First incorporated as East Pakistan Stock Exchange Association Ltd in 28 April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd in 23 June 1962. Again renamed as Dacca Stock Exchange Ltd in 13 May 1964. After the liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh, on 16 September 1986 DSE was started. The formula for calculating DSE all share price index was changed according to IFC on 1 November 1993. The automated trading was initiated in 10 August 1998 and started on 1 January 2001. Central Depository System was initiated in 24 January 2004. As of November 16, 2009, the benchmark index of the Dhaka Stock Exchange (DSE) crossed 4000 points for the first time, setting another new high at 4148 points. In 2010, the index crossed 8500 points and finally crashed in the first quarter of 2011. 1.2 Formation Dhaka Stock Exchange (DSE) is a public limited company. It is formed and managed under Company Act 1994, Security and Exchange Commission Act 1993, Security and Exchange Commission Regulation 1994, and Security Exchange (Inside Trading) regulation 1994. The issued capital of this company is Tk.  500,000 which is divided up to 250 shares each pricing Tk. 2000. No individual or firm can buy more than one share. According to stock market rule only members can participate in the floor and can buy shares for himself or his clients. At present it has 238 members. Market capitalization of the Dhaka Stock Exchange reached nearly $9 billion in September 2007 and $27.4 billion on Dec 9, 2009. 1.3 Management The management and operation of Dhaka Stock Exchange is entrusted on a 25 members Board of Director. Among them 12 are elected from DSE members, another 12 are selected from different trade bodies and relevant organizations. The CEO is the 25th ex-officio member of the board. The following organizations are currently holding positions in DSE Board: Bangladesh Bank ICB President of Institute of Chartered Accountants of Bangladesh President of Federation of Bangladesh Chambers of Commerce and Industries President of Metropolitan Chambers of Commerce and Industries Professor of Finance Department of Dhaka University President of DCCI (Dhaka Chamber of Commerce and Industry) 1.4 Trading time The Dhaka Stock Exchange is open for trading Sunday through Thursday between 10:30am – 2:30pm BST, with the exception of holidays declared by the Exchange in advance. In the month of Ramadan, the exchange is open for trading between 10:30am – 1:30pm BST. 2. Previous major crash – Stock market crash in 1996 The number of BO account holders in 1996 was only 300,000 and most of them were new in the market. At that time it was not easy for investors to detect the fake shares from the genuine ones. Because during the crash of 1996, paper shares used to be sold in front of DSE.There was no automated trading system, surveillance was not strong enough, and there were no circuit breakers as well as international protection. From 1991 to the end of 1995, DSE General Index price gained by 139.3 per cent and reached 834 point. But  in 1996, the market experienced a dramatic change and pushed the price index up by 337 percent. DSE General Index recorded a high growth from July and stood at 3648.7 points on 5th November 1996. Besides, Chittagong Stock Exchange experienced the same change and grew by 258 percent. Chittagong Stock Exchange index increased from 409 to 1157 points in 1996 within a one year’s time. But the steps taken by the government did not work. The index lost over 233 points on November 6, 1996. After the bubble burst, DGEN index dropped to its lowest point and stood at 957 in April 1997. It stood at around the same point, where it was 10 months before and DSE General Price Index lost almost 70 percent from its highest point in November 1996. Then the index continued to decrease for the next 7 years until April 2004. During this long period, DGEN Index seldom crossed 1000 point. In short this can be described by using a graphical presentation. Figure 1. Scenario of Share price index points of Dhaka Stock Exchange 3. Cause of market crush in 2010-2011 The stock market crashed again in 2010-2011. The major causes are as follows- 3.1 Margin Calls & Illiquidity crisis When investors pay a part of future market contracting by cash or selected instruments in an account with a broker which is called Margin. To make sure obligations of investor when contract expired, more Margins is necessary if value of the contract decreases. The process is called Margin call. On â€Å"Black Monday†, price movement of future contracts created record amount of Margin calls for firms which were about 10 times the average size. Collected payments are paid to investors whose position had gained. Some investors lost their ability to enter new positions due to Margin calls and some needing to extend credit to make the payment. As investors were unable to pay margins, brokers placed emergency margin calls with exposed options positions which were assumed to be liquidated due to failure of meeting margin calls. It occurred repeatedly which possibly made selling pressure in the market and markets were not able to handle these sell orders. 3.2 Program Trading Summit Financial Advisors has stated that many analysts accused program trading, especially portfolio insurance as a major reason for the crash. In this trading, computers automatically order large stocks trades when certain market trends prevailed. Analysts blamed that the program trading blindly sold stocks when prices declined on 19th October. 3.3 Derivative Securities Investors not only invested in actual stock market but also in index options and futures markets. Option and future market are called derivatives as the value derives due to change of stock prices. The Brady Commission which was commissioned to examine the reasons of the crash found that the failure of stock mar-kets and derivatives markets to operate in sync was an important factor that contributed to the severity of the crash. 3.4 Role of market regulators and their employees The role of SEC to control & monitor capital market, working in favor of manipulators, approving unethical proposal and issuing wrong directives which lead to unexpected market conditions deteriorated the image of SEC. Investigation report mentioned some names of corrupt employees of the market regulators who were directly or indirectly responsible in the market manipulation. There is a job overlapping between SEC and exchanges. Such as, DSE & SEC both organizations have surveillance department for the same job but there is no co-ordination. Listing committee of DSE & CSE examines listing application of company but SEC doesn’t do it properly and approve it. Placement of Mutual fund & IPO at a price lower than the market value has become a new method of bribery for powerful employees of regulators. There is another accusation that these senior level employees received placement by using other`s name which is very difficult to identify. The report admits that SEC doesn’t have enough employees for example; qualified accountant, financial analyst and researcher to control and monitor the market. Rahman & Moazzem (2011) identified in their study that Dhaka stock exchange is becoming more volatile but the regulators are unable to defend it. They also suggested increasing manpower and quality of professionals in SEC. 3.5 Demutualization of Exchanges There are both elected & nominated members in DSE and CSE. Basically, elected members run the administration due to less interest & relation of nominated members. As a result, the players of the capital market act as controllers. Meanwhile, controllers are inactive during unethical activities due to conflict of interest. In the investigation report it was said that different stake holders of capital market and civil society support & demand for demutualization of exchanges. The meaning of Demutualization is separating controlling functions from controller’s functions, empowering controller and taking decisions without being motivated by the market players. 3.6 Investment of bank in the capital market In 2009 & 10 banks and financial institutions invested huge amount of deposit money in the stock market. As a result share prices sky rocketed until December 2010. When Bangladesh Bank restricted more than 10 percent investment of deposited money, increased CRR and SLR ratio, created liquidity crisis and market crashed. 3.7 Pre-IPO & IPO process Investigation committee considered that due to Pre-IPO & IPO manipulation share prices sky rocketed and that is the main reason for the share market crash. Manipulators illegally & unethically created a Kerb market in Pre-IPO stage. Without recommendation by the listing committee application for IPO was accepted. SEC did not examine abnormal asset revaluation and indicative price. As a result in Pre-IPO or IPO stage placement process and placement trade Kerb market overvalued share prices. This eventually generated liquidity crisis in the capital market. 3.8 Uniform face value of share During the meeting between investigation committee and different stake holders of share market, a most important reason for abnormal climbing of index was indicated to uniform face value of share at Taka 10. Splitting share does not change revenue or asset of a company and should not affect the share price. But Small investors showed their utmost inter-est to buy split share with their small investment and consequently pushed the price up. Up to 62 listed companies split their shares in 2009 & 2010. So, it  abnormally increased liquidity of the market and brought notable change in market capitalization. Investigation report shows that MC increased 655% of companies those adopted share uniform and MC increased only 46% of those that did not adopt. From July 2009 to December 2010 the role of total MC were 81.5% of companies which adopted share uniform and only18.5% those that did not adopt. 3.9 Placement trade / Kerb market Before issuing IPO, Issue manager or Issuer Company sell shares to their nominated person and that is called Private placement or pre-IPO placement. Private placement is risky because it doesn’t have accounting discloser. In the developed countries there are some fixed rules but in Bangladesh SEC didn’t have proper rules for it. As a result some manipulators used it as a tool of price manipulation. Investigation committee found that in most of the cases placement was offered at less than the IPO price. Though aim of public offering is participation of public but placement doesn’t make sure it. Eight companies issued convertible preference share in 2009 & 10 in which average 69% went for placement. So, participation of the public was hindered and that created placement trade or Kerb market. Some companies distributed 50-90 percent of their paid up capital in private placement. However, when a company raises too much paid up capital through private placement, the number of free-floating shares decreased. That’s why the difference between demand & supply push share prices up. Moreover, non-listed companies created liquidity crisis as huge investment was stuck up with these companies. Placement created new process of trading outside of the share market and that is illegal. By taking chance of placement many small companies raised capital from illiterate and un-informed investors with their artificial financial reports. 3.10 Omnibus account Investigation report found Omnibus accounts of ICB and merchant banks as another major reason behind the stock market debacle. Every branch of merchant bank operates only one omnibus account. There could be 3-10 thousands BO Accounts under the omnibus account which are not under the surveillance of SEC. So, information of individual accounts and its transaction are kept only with merchant banks. As investigation reports  shows that this kind of account made a lot of illegal transactions. It publishes name of 30 big players including ICB for a lot of suspicious transactions and says most manipulators traded from the omnibus accounts. It was also reported at least Taka 2.5 billion has been traded from hidden or omnibus accounts. 3.11 Asset revaluation & Rumor By taking chance of weak asset revaluation method companies have overvalued their asset. In this process dishonest auditors generated artificial audit reports. So, calculating of NAV on overvalued asset indicates wrong signal. Some companies issued Bonus shares against unrealized gain of revalued asset price which is a faulty accounting practice. There is rule to maintain provision against â€Å"deferred tax† during asset revaluation to pay tax in future, but companies are not following it. Investigation reports pointed some companies which got NAV more than 100% to 3,472% after asset revaluation. 3.12 Book building method It’s a procedure of determining price of IPO at which it is offered. The fair price is determined by the demand of a security from institutional investors and their indicative price. The main aim of introducing this method in Bangladesh stock market was to attract more firms for enlisting in the stock exchanges through fair share pricing. However, it was found as an instrument of manipulating market prices. Investigation report reveals that during the price discovery/bidding stage investors manipulated share prices for placement with too high price. High price was maintained only for the lock-in period and then investors offloaded their shares. As a result they pulled out a lot of profit within a short period and after that the share price did not increase. In this process corrupted Issuer and issue manager manipulated the price. 3.13 Serial and artificial trading Some manipulators created artificial active trading environment among themselves through bulk transaction and increased share prices. Moreover serial trading and price manipulation by many buy-sell orders through different accounts and broker houses which overheated the market. 3.14 Issue of Right and preference share Right Share is issued at a discount price to existing shareholders. SEC took 4/5 months to take the decision of right issue proposal which is mysterious. Meanwhile companies inform the market about Right issuance and increased the share price. Moreover, issuance of Right share increase number of share which should decrease share price but it did not hap-pen. Investing in Preference share is safe to get a fixed percentage of profit. To make the share attractive companies keep an opportunity to convert it and in that case it is called Convertible Preference Share. Companies issued preference share for only 2-3 months even for 1 month which is not common in other countries. The faults with convertible preference share were its time period (short), convertible process and private placement. Investigation committee found that SEC did not have proper guidelines for Right and Preference Share issuance. 3.15 Suspicious transaction of top players Investigation report reveals some names of individual and institutional investors as top buyers and sellers during abnormal increase and decrease of index in different time periods. The transactions of these investors were suspicious and affected the market heavily and liable for abnormal rise and fall. 3.16 Block placement There was a lot of suspicious block trading of mutual funds. Some investors got enormous amount of placement time to time. 3.17 Direct listing With the approval of SEC few companies have been directly listed in the stock exchange. These companies come to the market with inflated share prices. Investigation report mentioned that indicative prices of these companies were determined even 58 times more than EPS and 9 times of NAV. Though share prices of these types of directly listed companies have been artificially determined, but SEC or exchanges did not investigate the reason of abnormal price. 4. Impact of the crash Bangladeshi stock market experienced through inefficient and irrational fluctuation of DGEN Index in the year 1996 and 2011 . During 2010, the bullish market turned bearish with the exchange losing 1,800 points between December 2010 and January 2011. DGEN Index climbed at point 8918.51 on December 05, 2010 which was overvalued in all aspect. Then the market crashed at point 4877 in November 2011. Figure 3: Daily DGEN index of January, 2011 Figure 4: Showing the Movement of DSE General Index from June- ’10 to May- ‘11 Impacts of the crash were: As a result of the market crash, millions of investors have been rendered bankrupt. Because of free fall of share prices, Investors came out in the street again and started protesting against free fall of share prices and chanted slogans against market regulators. Random objects like wood and papers were set on fire in front of the DSE office in Motijheel. Investors came out in the street with processions and demonstrated against free fall of Share index in both bourses as well as suspension of trading. Investors from different parts of the country such as, Chittagong, Comilla, Narsingdi, Narayanganj and Jessore brought out processions and clashed with law en-forces in some places as well. Investors blamed the speculators and regulators for the bubble that finally burst. Economy faced liquidity crisis. Authoritites and government took steps to handle the crisis. But stock market of Bangladesh had already got the adjective of â€Å"the worst stock market in the world†. And an o ngoing market turmoil is still going on. 5. Measures taken to stabilize the stock market Since the collapse of the market in December 2010, a number of initiatives were undertaken by Ministry of Finance (MoF), Security and Exchange Commission (SEC), Bangladesh Bank, Government and Dhaka Stock Exchange (DSE)/ Chittagong Stock Exchange (CSE) to stabilize the market. 5.1 Steps taken by government- The government took a number of measures to inject money in the market. This included Tk. 600 crore worth of funds distributed to the state-owned banks and Investment Corporation of Bangladesh (ICB), and formation of a mutual fund titled Bangladesh Fund with an initial resource of Tk. 1,500 crore. Under the national budget of FY2011-12, government announced a number of incentives to recover the capital market situation. Some of these were re-introduction of tax rebate facilities, tax-free facilities for mutual funds, time extension for non-bank financial institutions (NBFIs) to adjust their investment in stock market (revised timeline is December 2013), and adjustment of single borrower exposure limit by the commercial banks (revised timeline is December 2013). All these budgetary measures have direct and indirect implications for raising fund for the ailing capital market. A probe committee was created by the government to identify the reasons, people and solution regarding the prob lem of the stock market. The Probe Committee and the MOF came up with a list of 36-point measures which were to be implemented in three phases (i.e. immediate, short and medium-term). 5.2 Steps taken by SEC- Security & Exchange Commissions applied a lot of directives to keep the market under control in 2010. SEC changed directive of margin loan ratio by increasing it from 1:0.5 to 1:1 on 13th December and later it was again hiked to 1:1.5 & 1:2 because of free fall of share prices. Actions were taken against persons found guilty for their fraudulent activities, investigation of allegations against the SEC officials who indulged in market manipulation, examination of assets of some of the companies alleged to have been involved in illegal trading, and initiation to probe allegations against several companies was also done. Criminal investigation against a number of companies and persons which was supposed to be carried out by the Anti-Corruption Commission (ACC) was started but without much visible progress. SEC under its new management has also prepared a 29-point work plan. Of these, eight activities were identified as ‘top urgent’, three as ‘urgent’, 14 as ‘short term tasks’ and four as ‘medium term tasks’. The MoF along with SEC and other stakeholders prepared the much-hyped Market Rejuvenation Package. This 21-point package focuses on greater participation of banks and other financial institutions in the stock market, besides setting up a ‘special scheme’ to provide support to small investors who lost their capital. 5.3 Steps taken by Bangladesh Bank- Bangladesh Bank pushed money into the market as liquidity support. Banks have reportedly kept buying shares despite suffering from liquidity crises themselves, and not selling any shares. 6. Outlook for the future To protect the share market of Bangladesh, the regulatory body should take some effective measures. It should introduce some monitoring systems to protect the price manipulations of the share. Provisions should be made to provide all the financial data to the investors so that they can get a proper idea about the company. The market should be free from fake certificates. The government should offer income tax rebate on the income of share market and encourage the banks and non banking institutions to come to the market directly. Some incentives package for the investors like getting financing at a low cost has to be offered to bring back the investors in the market. Market stabilization fund must be introduced so that it can help to meet up with crisis situation. Since Bangladesh is heading toward the developing nation, capital market can be the engine of growth for its economy if market becomes structured and efficient. Around the world well reputed stock markets like – New York Stock Exchange, London Stock Exchange, Shanghai Stock Exchange, Tokyo Stock Exchange, Australian Securities Exchange, Dubai Stock Exchange and so on, are regulated and running efficiently that provides significant contribution to their individual economy. Because, stock market is knowledge based game rather than a place of gambling; there must be rational win-lose situation always. But Bangladeshi stock market experienced through inefficient and irrational fluctuation of DGEN Index in the year 1996 and 2011 which resembles the place of gambling. To sum up, from our study, we have found that, there are problems like – Big Gap between the Demand and Supply of stock, extraordinary over pricing of stock, market manipulation, lack of knowledge about the stoc k market mechanism among the general investors, price distortion, inefficient regulations, political unrest, etc. These caused the steepest downward fall of DGEN Index in the financial year 2011.  As a result, about millions of investors lost their capital which turned them empty within few months. Security and Exchange Commission (SEC) of Bangladesh and government should take the short term and long term initiatives to stabilize the market. They should encourage more public limited companies to offer more share to meet the current demands. Income tax rebate, Injection of Market Stabilization Fund, Mandatory holding certain percentage of share among the board of directors, short term incentives packages should be introduced to get back the confidence among the existing investors. Regulatory bodies of Bangladesh stock market must educate the current and potential investors about the market mechanism and provide them the accurate information so that investors trade their shares carefully. Unless, appropiate corrective measures are well formulated and implemented, Bangladeshi stock market will be facing this irrational downward again in the near future. 7. ARAMIT from 2010- 2013 From the graph we see that, before the crash market price was above tk 450. And in the time of market crash from December 2010- January’11, the price of aramit started to fall and reached tk 436 at the end of January 2011. After that the market fluctuated and hit its lowest of tk 192.6 on february 2012. The current market price as of 24th February,2013 is tk 216. Profit Status: Based on Annualized EPS of 2012 (Q3): Basic Current Price Earning Ratio (P/E) (Based on Continuing operation) 12.65 Based on audited EPS of 2011 Current Price Earning Ratio (P/E) (Based on Continuing Operation) 15.15 Reference : 1. http://www.cpd.org.bd/pub_attach/WP95.pdf 2. http://publications.theseus.fi/bitstream/handle/10024/47195/saha_sangit.pdf?sequence=1 3. http://www.dsebd.org/displayCompany.php?name=ARAMIT 4. http://en.wikipedia.org/wiki/2011_Bangladesh_share_market_scam 5. http://en.wikipedia.org/wiki/Dhaka_Stock_Exchange 6. http://www.similarsites.com/goto/bdstock.com?pos=2&s=10