Monday, December 30, 2019
The History and Factors Leading to Copernican Revolution
As humans we will always be challenged in our daily lives. When we have a view on something we may have to fight to prove its validity. Some of us may be able to do it on our own but many of us will need a helping hand. Nicolaus Copernicus was this type of man. He developed a theory of a sun centered or heliocentric solar system that went against the current popular belief of an earth centered or geocentric solar system. It took many centuries for the world to accept his theory. Kepler, Galileo and Newton were strong proponents to the Copernican model and continued to advance his research where they later proved that a heliocentric solar system was a correct model. Although Copernicusââ¬â¢ views suffered great backlash, he became the primeâ⬠¦show more contentâ⬠¦Tycho Brahe was able to calculate the most accurate measurements available to the naked eye of planetary motions. Even though they were the most accurate to date, he was still off by eight arc minutes. An arc minute is one sixtieth of a degree. Inspired by Braheââ¬â¢s inaccurate measurements, mathematician Johannes Kepler of Germany tried to continue working with Braheââ¬â¢s calculations but the 8 arc minute flaw encouraged him keep searching. Kepler was a strong believer in the Copernican model. He was not convinced though of the circular path. After much research Kepler proposed an elliptical orbit. Using Braheââ¬â¢s extensive notes he was able to conclude that an elliptical orbit was in fact correct. Using this he was able to develop the Three Laws of Planetary motions: The first law states the orbit of every planet is an ellipse with the sun at one of its focal points; the second states that line joining the sun and a planet sweeps out at equal areas at every point on its orbit; and the third equates the time it takes a planet to orbit the sun and the distance from the sun to the planet. These three laws are still commonly used today. With the use of the telescope Galileo was able to provide pivotal evidence for the Copernican Revolution in the early 1600s. Galileo was the first person to use the telescope for astronomy. He was able discover that the sun rotated on an axis by observing the motion of sunspots. By this discovery he concluded that it was very probable thatShow MoreRelated Transitions of the Scientific Revolution and the Enlightenment Periods1675 Words à |à 7 PagesTransitions of the Scientific Revolution and the Enlightenment Periods The Scientific Revolution and the Enlightenment of the seventeenth and eighteenth centuries were times of great emphasis on reason and questioning of faith. The scientists and philosophes of these eras discovered and taught new ideas that often contradicted what the church and former thinkers had taught and believed before them. Most of the intellectual, political, economic, and social characteristics associated with the modernRead MoreComparison Between Foscarini And Galileo1429 Words à |à 6 Pagesand the sun as but another heavenly body which rotated around the Earth. However, as technology was expanding, new inventions and devices were appearing that would soon cause a disturbance in the views of geocentrism. Although all the necessary factors for the telescope existed as early as the mid sixteenth century, the first actual designs of telescopes were not seen until around the very start of the seventeenth century (Helden). Despite the advancements made, these designs still were very roughRead MoreThe And Of The Truth990 Words à |à 4 Pagesfeared, at least taken pause at the possibilities. Families and friends must have tried to persuade these brilliant men to think before they spoke, no matter the beliefs they held. Christianity in particular played a major role in the Scientific Revolution, and may have even connected dots where there was no connection. Descartes believed that ââ¬Å"the human soul did not perish with deathâ⬠and, in Meditations, he said ââ¬Å"God existsâ⬠(1). Even though he believed everything in the world to be a machineRead MoreCrictical Examination of the Main Features Renaissance Humanism1817 Words à |à 8 PagesREFORMATION -EVALUATION AND CONCLUSION BRIEF INTRODUCTION In the history of the world, many remarkable periods have been referred to most often due to perhaps great events that have led to a turn-around in the thoughts and general lives of the people. One of such periods is the renaissance humanism. The renaissance humanism is a term used to designate a period in history that is so spectacular and significant owing to its evolutionary of features. Renaissance here servesRead Moresociology4813 Words à |à 20 Pageslandowners became the dominant class. after independence, the government made land reforms to favor the peasants who were actuall tiller of the land. to some extend it abolished the the zamindars and intermediatery landlords . reforms like the green revolutions, CDP and the co operatives made agriculture largely commercial which opened avenues for not only big land owning peasants but also to lower category of peasants who had small pieces of land and who worked for other cultivators. agragrian class structureRead MoreThe Usage Of Human Fingerprints Essay2131 Words à |à 9 PagesThe usage of human fingerprints for identification has a long history, tracing back to the Chinese usage of fingerprints 200 BCE (International Association for Identification, et al., 1). The Qin Dynasty had records of handprint identification being used as evidence for investigations about burglary. It is not clear to what degree these methods were effective or accurate but this is the oldest known example of the usage of handprints for identi fication purposes. From this point, there are some sporadicRead MoreA World Lit Only by Fire Reading Guide Essay3337 Words à |à 14 Pagesï » ¿Regine Jackson AP European History A World Lit Only by Fire Reading Guide Part One: The Medieval Mind 1. I know both the Middle Ages and Renaissance took place in Europe. The Middle Ages were terrible times marked by plagues, primitive agricultural machinery, war and lack of proper sanitation. The Renaissance occurred later in Europe, and that was marked by the rebirth of interest in art and intellectual capability. Art usually intertwined religion. 2. Manchester supported using the term ââ¬Å" DarkRead More50 Harmful Effects of Genetically Modified (Gm) Foods14312 Words à |à 58 Pagesto own equity in firms that legally claimed such patent rights or the means to control not only genetically modified organisms but vast reaches of human food supplies. This has been the behind-the-scenes and key factor for some of the largest and rapid agri-chemical firm mergers in history. The merger of Pioneer Hi-Bed and Dupont (1997), Novartis AG and AstraZeneca PLC (2000), plus Dow s merger with Rohm and Haas (2001) are three prominent examples, Few consumers are aware this has been going onRead MoreThe Doctrine Of The Trinity9485 Words à |à 38 PagesHickman ââ¬â hickmanl@duq.edu Director: Father Radu Bordeianu, Ph.D. Course Description: At the center of the Christian faith is a mystery. This mystery has everything to do with the identity of God, the nature of Christian community, the salvation history and our understanding of Christology. This is the mystery of the Trinity ââ¬â how is the Godhead fully three persons, and yet one nature? Theophilus was the first to name the ââ¬Ëtriadââ¬â¢ nature of God in his letter To Autolycus in 170 A.D. Tertullian
Sunday, December 22, 2019
A Summary On The Tattoo - 1498 Words
SUMMARY The Tattoo is a product with few direct competitors, but many indirect and invisible competitors. The direct competitors, such as smartwatches or the FitBit, have similar features and functions to the Tattoo. Indirect competitors, or substitutes, are seen in the form of health and fitness mobile apps. Invisible competitors the Tattoo has are large firms and bootleggers that make like-devices to compete with the Tattoo. The bargaining power of these competitors is moderate. The Tattoo faces minimal threat of new entrants because of the Tattooââ¬â¢s patented technology. This makes the possibility of smaller firms being direct threats to our product low because the barriers to entry are high. However, there are various ways to break into the health and fitness industry through substitutes, thus, the bargaining power of indirect competitors is moderate. Many of our competitors utilize similar electronic chips, which means that our suppliers need to adhere to high quality produ ction or service. Therefore, their bargaining power is low. However, specialty chips with patents make certain manufacturerââ¬â¢s bargaining power high. Being that the Tattoo is unique, but also has many similar competitors, the customerââ¬â¢s bargaining power is also moderate. COMPETITION Currently the market for the Tattoo includes direct, indirect and invisible competitors. Multiple companies provide devices that contain similar features as the Tattoo. Currently, wearable technology is a new trendShow MoreRelatedAnalysis Of Hamlet And An Argumentative Essay892 Words à |à 4 PagesEnglish 112 involved writing a large variety of literary pieces focusing on multiple components of writing. I wrote a multigenre on tattoos, literary analysis on Hamlet, and an argumentative essay as well as a summary and response essay on the need for higher education. From this wide array of papers I have learned and grown in my technical writing skills that will contribute in my pursuits of college level classes. I will address each of my papers and what I have learned from them. I have includedRead MorePossible Tattoos Essay examples646 Words à |à 3 PagesPURPOSE: I would like to inform the class about the history, development and effect of tattoos on society. As well asâ⬠¦ THESIS STATEMENT: Understanding the tattooââ¬â¢s origin, purpose and safety measures that will help students make an informed and healthy decision about their own possible tattoos. INTODUCTION I. ATTENTION GETTER: Catherine Grognard once said, ââ¬Å"The tattoo[ed body] is a unique object- a naà ¯ve and provocative moving fresco.â⬠Take a momentRead MoreInformative Speech On Tattoos1286 Words à |à 6 Pages Tattooing is a body modification practice used for centuries across the globe. Because of the multiple origins of tattoos, there are several techniques and countless styles. Every tattoo is unique in meaning to the person that receives it, though often they can fit into generalized categories. Tattoos have fallen in and out of popularity over the course of history, though they have never and most likely will never disappear. II. Specific Purpose and Need to Know: According to WrittenRead MoreA Study On The Protective Immunity928 Words à |à 4 Pagesusing the gene gun, the tattoo gun or the microneedle system. The focus was to determine whether the tattoo gun and the microneedle delivery systems were useful DNA vaccination alternatives to the gene gun. Our laboratory has successfully utilized the gene gun in our DNA vaccination studies for both protective and therapeutic purposes (17,34). However, the gene gun system is costly, and we are constantly looking for alternatives to back up our vaccine development program. Tattoo gun has been reportedRead MoreThe Navy Is Easing Its Tattoo Policy1363 Words à |à 6 PagesThe Navy is easing its tattoo policy in a bid to recruit and retain more Sailors from the millennial generation, of whom more than one in three sport body art. Sailors will be allowed to have neck tattoos, sleeves and even markings behind their ears under the new policy, the most lenient of any military service. Only their heads are off limits under the new policy, which the Navy s top Sailor has called a reality check on the permanent art favored by Sailors. The leadership is going to reflect thisRead MoreMy Experience At Pleasant Valley High School900 Words à |à 4 PagesMerriam-Webster dictionary, professionalism is defined as ââ¬Å"the skill, good judgment, and polite behavior that is expected from a person who is trained to do a job wellâ⬠(merriam-webster.com). When I hear the word professionalism, I automatically think of tattoos, social media, and appropriate language/attire. After some in-depth discussion with my classmates and teachers, I have come to realize that professionalism encompasses so much more. Professional development, also referred to as lifelong learning,Read MorePersonal Selling Strategy : Dress Code Essay884 Words à |à 4 Pagesbusiness will be unusual when it comes to the dress code. Tattoo and or piercing shops are not held to the same standards as corporate/other forms of employment. In our business we will be going against the norm and require that our artist employees have at least one visible ta ttoo and preferably one piercing. This is due to the simple fact that someone who wishes to get a tattoo would prefer that the individual performing the work have tattoos themselves. The idea boils down to our companyââ¬â¢s preferredRead MoreBody Modification Is a Form of Self-Mutilation1348 Words à |à 6 PagesBody Modification Is a Form of Self- Mutilation Summary-Response Essay One cant look in a magazine nor watch television without seeing the trend. It has become the newest trend in western civilization. Celebrities and the mainstream media glorify it the most. The practice has become as common as women getting their hair done, for some individuals. It is so accessible one or more of these procedures can be acquired by just a trip to the mall. The trend is known as body modification, deliberatelyRead MoreBody Piercings And Its Impact On Society1665 Words à |à 7 Pagesthat piercings in adolescents are more than simply ââ¬Å"self-expression.â⬠A study over body piercings, tattoos, self-esteem, and body investment in adolescent girls discusses how body art intertwines body image, self-concept, peer acceptance, self-esteem, and even self-mutilation towards motivations behind getting a piercing (or tattoo). For example, body modifications (particularly piercings and tattoos) can be interpreted as more than a coming-of-age statement. According to the article, the authorsRead MoreRhetorical Analysis Of The Emoji Movie1005 Words à |à 5 PagesThe goal I want to achieve by writing this essay is to identify how the author builds the argument of the topic using different rhetorical strategies and check if the author established solid credible evidence to validate the arguments she made. Summary and Description of Rhetorical Situation: The article being discussed was released on August 4,2017 shortly after the release of the movie on July 28, 2017. Megan writes this text to explain the problems with the movie and later on supporting her arguments
Saturday, December 14, 2019
Rebecca Sklootââ¬â¢s story Free Essays
Rebecca Sklootââ¬â¢s story, The Immortal Life of Henrietta Lacks, is based on Henrietta and her family. In order to learn about the indescribable Henrietta Lacks, Skloot as a result, wrote this biography on her. Skloot wanted to further her study about the Lacks family in relation to their health, personal life, and ethnic concerns associated to the story. We will write a custom essay sample on Rebecca Sklootââ¬â¢s story or any similar topic only for you Order Now Henrietta and her familyââ¬â¢s knowledge about her cells and how they were being used was the main issue. Human rights that people had/have about their bodies and how they are used in medical research becomes the stories moral question. Also in questioning is race. As stated in the book, ââ¬Å"Thereââ¬â¢s no way of knowing how Henriettaââ¬â¢s treatment would have differed if sheââ¬â¢d been white. According to Howard Jones, Henrietta got the same care any white patient would have; the biopsy, the radium treatment, and radiation were all standard for the dayâ⬠(Skloot, 64). There is a slight possibility that if she had been white she may have acquired some acknowledgement, at that moment or later, for the impact of her cells that were delivered for further study on cancer. Since this was in the 1950s, ââ¬Å"The era of Jim Crow,â⬠there were different outlooks of ethnicity than what there are today (Skloot, 15). Christoph stated in the book, ââ¬Å"When you find oil on somebodyââ¬â¢s property, it doesnââ¬â¢t automatically belong to them, but they do get a portion of the profitsâ⬠(Skloot, 267). Awareness that people should have on different parts of their body, and how their body parts are being used around the globe for further research is also argued in the book. How to cite Rebecca Sklootââ¬â¢s story, Essay examples
Thursday, December 5, 2019
Full Sentence Outline free essay sample
Root- I know Its a pick-up truck , but think about being behind the wheel, think about all the power pulling them ass Ill. THE-MY passion for driving fast has gotten me into a lot of trouble with police IV. Pre- First, I will discuss how I fell in love with driving fast and the reason I love to do it, then I will talk about how it has gotten me into a lot of trouble Transition: I know most if not everyone has that ONE moment were they want to really speed l. IMP: My father use to rebuild and race cars when I was younger A.Being able to be fully Into every step of the rebuild process made me fall In love with race cars 1. If course with race cars and the sport of racing theres a lot of speeding Involved a. Dont know why but seeing cars go fast has always excited me 2. We will write a custom essay sample on Full Sentence Outline or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page My father always had some type of fast car or truck, and when I mean I fast I mean supercharged a. If it wasnt the Harley-Davidson Fl 50, it was Corvette ZOO b. And for some odd reason he use to always go fast when I would be in the car with him B. Drag racing has been in my life for long time now 1.When I was younger me, my father and uncles would attend this event called Black Sunday a. There is were everyone brought their cars from all over the country to race b. Seeing all the different types of cars and how fast certain cars could go was amazing 2. The loud noises and the engine revving is some of the main reason why I loud speeding a. I know it can be dangerous to myself and other people b. But I cant stop doing It Translation: The downfall from speeding Is the consequences that follow II. AMP: Speeding has gotten me into so much trouble so many times its ridiculousA. My speeding problem has cause me to be in an accident, not a bad one but it was still an accident 1. I was speeding on the expressway, coming Off ramp a. I was looking down at my phone b. When I looked up I was going fast towards the rear of this lady car 2. When I slammed on the breaks, it was too late a. I started sliding towards the car ahead of me b. Thats when I crashed into the back of their car B. I also have gotten my license suspended twice for speeding 1. The first time was prom morning a. We was leaving my house on our way to the car wash b.When my homier wanted to race me there since it was a straight shot 2. The second time was on my way to Chicago from Champaign a. This time I think I was tricked b. The officer told me I was doing some where between MPH c. We sat and argued for a couple minutes before he wrote me my ticket Conclusion l. Today Vive told you the reason and ways speeding has gotten me into trouble II. First I talked to you about why I love to speed so much and then I talked to you about the ways speeding has gotten me into trouble Ill.
Thursday, November 28, 2019
The Political Framework Of Islam Essays - Islam, Caliphate
The Political Framework Of Islam The Political Framework Of Islam The political system of Islam is based on the three principles of towhid (Oneness with Allah), risala ( Prophethood), and khilifa ( Caliphate). Towhid means that one Allah alone is the Creator, Sustainer, and Master of the universe and of all that exists in it- organic or inorganic. He alone has the right to command or forbid, and worship and obedience are due to him alone. The Islamics believe that it is not for them to decide the aim or purpose of our existence or to set the limits of our worldly authority; nor does anyone else have the rights to make these decisions for them. These rights rest only with Allah. This principle of the Oneness with Allah makes meaningless the concept of the legal and political sovereignty of human beings. No individual, family, class or race can set themselves above Allah. Allah alone is the ruler and his commandments constitute the law of Islam. Risala is the medium in which Islamics receive the law of Allah. They have received two things from this source: the Qur'an ( the book in which Allah has expounded his law), and the authoritative interpretation and exemplification of that book by the prophet Muhammad ( blessings of Allah and peace be upon him), through word and dead, in his capacity as the representative of Allah. The Qur'an laid down the broad principles on which human life should be based and the Prophet of Allah, in accordance with these principles, established a model system of Islamic life. The combination of these two elements is called the shari'a (law). Khilifa means "representation" Man, according to Islam, is the representative of Allah on earth. Khilifa also means that no individual or dynasty or class can be the law: the authority of Khilfa is bestowed on the whole of any community which is ready to fulfil the conditions of representation after subscribing to the principles of Towhid and risala. Such a society carries the responsibility of the Khilafa as a whole and each one of its individuals shares in it. This is the point where democracy begins in Islam. Every individual in an Islamic society enjoys the rights and powers of the caliphate of Allah and in this respect all individuals are equal. No-one may deprive anyone else of his rights and powers. The agency for running the affairs of the state will be formed by agreement with these individuals, and the authority of the state will only be an extension of the powers of the individuals delegated to do it. Their opinion will be decisive in the formation of the government, which will be run with their advice and in accordance with their wishes. Whoever gains their confidence will undertake the duties and obligations of the caliphate on their behalf; and when he loses this confidence he will have to step down. In this respect, the political system of Islam is as perfect a dorm of democracy as there can be. What distinguishes Islamic democracy from Western democracy, therefor, is that the latter is based on the concept of popular sovereignty, while the former rests on the principle of popular khilafa. In Western democracy, the people are sovereign; in Islam sovereignty is vested in Allah and the people are his caliphs or representatives. In the former the people make their own; in the latter they have to follow and the laws given by Allah through his Prophet. In one the government undertakes to fulfil the will of the people; in the other the government and the people have to fulfil the will of Allah. The Holy Qur'an clearly states that the aim and purpose of this state is the establishment, maintenance, and development of those virtues which the Creator wishes human life to be enriched by and the prevention and eradication of those evils in human life which he finds abhorrent. The Islamic state is intended neither solely as an instrument of political administration nor for the fulfillment of the collective will of any particular set of people; rather, Islam places a high ideal before the state for the achievement of which it must use all the means at its disposal. This ideal is that the qualities of purity, beauty, goodness, virtue, success and prosperity, which Allah wants to flourish in the life of his people, should be engendered and developed and that all kinds of exploitations, injustice and disorder which, in the sight of Allah, are ruinous for the world and detrimental to the life of his creatures, should be suppressed and
Monday, November 25, 2019
How to Cold Read for an Audition
How to Cold Read for an Audition Imagine that you are at an audition. The casting director hands you a script that you have never read before. Now, he or she expects you to look at the lines for about a minute and then somehow deliver your characters lines brilliantly. Thatââ¬â¢s cold reading. It does sound rather chilling, doesnââ¬â¢t it? But follow these steps and youââ¬â¢ll eventually warm up to the idea. Research the Material If you are auditioning for a movie or television show, you might not be able to read the script in advance, but donââ¬â¢t let that stop you from researching the role. Use the internet, trade magazines like Variety and Hollywood Reporter, and any other sources to find out about the storyline and the character types that the directors might be looking for. If you are auditioning for a play, you should be able to obtain a copy of the script. (Try your local library or, if the play is a classic that is in the public domain, do an Internet search.) If you can read the play in advance, do so. Get to know the characters inside and out. Practice reading the lines. If youââ¬â¢re truly ambitious, memorize a few key scenes or monologues. Another excellent resource is YouTube. Do a search for the plays title and you will often find several videos of scenes from the play. If you can do this, then youââ¬â¢ll be a step ahead of other actors who have no idea what the play is about. Donââ¬â¢t Block Your Face This is a simple, but an incredibly important piece of advice. Because the script will be in your hands during your audition, you might be tempted to hold the words right in front of your face. Donââ¬â¢t. The director wants to see your facial expressions. If you hide behind the script, youââ¬â¢ll never get the part. Relax This is good advice for auditions in general. If your nerves get the better of you, the director might see that script shaking in your hand. You want to try not to look and sound uncomfortable or tense - even if you are. Does this step just stress you out even more? Then you should take some time to learn how to relax. Remember also that most directors realize how stressful auditioning is for actors. If during your audition you feel you have completely blown it, you can ask to start over. The answer is often yes. Practice Reading Aloud This kind of practice is essential to mastering cold reading. Whenever you get the chance, read out loud. And donââ¬â¢t just read the words in a monotone voice, read the words with emotion. Read the words ââ¬Å"in character.â⬠Find opportunities to read to others: Read storybooks to children.Read magazine articles to friends.Read poetry to your family.Read this article out loud to your computer. The more you read aloud, the more natural your voice will sound. Remember, the challenge of cold reading is to sound as though you are saying those written words spontaneously. Practice provides increased confidence. Move While You Read During a cold read audition, most actors stand still as they read from the script. However, if it seems appropriate for your character to move, feel free to move. Therefore, as you practice reading aloud, make certain you incorporate natural movements. Nothing extreme, nothing too distracting. Go with what feels right, or what the stage directions indicate. Remember, body language is also a major part of the audition. Listen and React Many ââ¬Å"cold readersâ⬠mistakenly look down at their script while their fellow actors are delivering their lines. Instead, you should be in character, listening and reacting to their words. Much of your audition relies on how you respond to the other characters. Be Creative and Receptive to New Ideas There are limitless ways to read a scene or monologue. Show your creativity by developing unique characters. The director may ask you to read the part in a different way. Embrace the directorââ¬â¢s suggestions and demonstrate what a team player you can be. Your creativity, your cold reading skills, and your professionalism will all help you during your auditions. Break a leg!
Thursday, November 21, 2019
Fast food marketing to children Essay Example | Topics and Well Written Essays - 250 words
Fast food marketing to children - Essay Example Multinational corporations like McDonaldââ¬â¢s serve millions of fast food daily, but some of their marketing strategies are unethical since they target children. Fast food marketing is unethical since it leads to future social problems such as unhealthy nation and high medical costs. In this case, the fast food companies and the entire country will lack healthy employees who can contribute to the economic development of the country (Boone & Kurtz, 2015). à The proponents of fast food marketing towards children assert that companies must meet their business objectives of ensuring high return to investors and thus it is possible to ensure responsible marketing towards children. Fast food marketing is thus ethical if it creates a balance between the commercial interests of the company and need to promote positive behaviour (Boone & Kurtz, 2015). In this case, fast food retail outlets such as McDonaldââ¬â¢s have incorporated the meal components and need for physical exercise in their latest advertisements thus promoting healthy living. à The proponents of fast food marketing claim that there is high competition in the market and thus businesses should use aggressive marketing tactics to increase their revenues. In this case, fast food marketing is ethical as long as it adheres to the business regulatory framework regarding food advertisement (Boone & Kurtz, 2015). Fast food marketing to children is unethical since children lack the cognitive skills to understand the nutritional content and the healthy dangers of consuming such foods.
Wednesday, November 20, 2019
Macroeconomic Paper Essay Example | Topics and Well Written Essays - 500 words
Macroeconomic Paper - Essay Example Homeowners increasingly use them to refinance and consolidate household debts when their credit scores fall in the wake of bankruptcy, high medical bills, or other setbacks. (Blanton). It is generally believed that the subprime borrowers emerge due to lack of the good credit history on their back and since there number grew historically therefore banks and financial institutions by spotting the opportunity started lending to them at higher interest rates due to the perceived risks involved in these subprime loans. Having defined what subprime mortgages are, this article has articulately put forward the theory of predictable surprise in order to discuss the clues which the economic trends in US suggested specially after the collapse of dot com companies during 1990s. Due to the lack of policy attention by the government especially FED, the lowered interest rates in the economy created an inflated housing markets which thrived on the equity cushion created through the artificial and speculative surge in the market. The consequences of such behavior helped create a predictable surprise in the economy. Article has further discussed the role of securitization and its impact on the economy as a whole. The securitization through financial derivatives produced the results which authors predicted in their theory of predictable surprises. With the advent of innovation into the financial industry, Financial Derivatives provided a very efficient and effective tool to the financial managers to effectively manage these kinds of risks. However, financial derivatives itself are considered as detrimental if their use is made in more superficial way. Banks, in order to recoup the lost liquidity drained into the subprime mortgage loans have securitized them against the payments and real estate properties offered as securities in those mortgage loans. The process of
Monday, November 18, 2019
Introduction to Law and Economics Essay Example | Topics and Well Written Essays - 1000 words
Introduction to Law and Economics - Essay Example In the light of this fact, Jennifer John-Yar Bukrsââ¬â¢ critique of health care funding and the notions of the privatization of health care assume a whole new meaning in the sense that even while affiliating to the provisions of the Canada Health Act 1984, it is viable and possible to make the system more efficient and equitable by resorting to an affordable and efficient privatization of the delivery of the health care services, thereby sparing resources that could be spent on other social imperatives like education and infrastructure. The way the Canadaââ¬â¢s health care system is burgeoning, it is bound to take a toll on the government spending on other social welfare programs (Armstrong & Armstrong, 2008). The rate at which health care costs are augmenting, it is getting quite evident that the territories and the provinces will need to allocate a significant portion of the budgets to healthcare, to the detriment of other areas like infrastructure, education and social welfa re. If one considers a 25 year horizon, the Canadian healthcare system is simply not sustainable unless a significant portion of the healthcare delivery is privatized to make the system more efficient (Armstrong & Armstrong, 2008). When it comes to the standards of health care, Canada tends to stand amongst some of the top nations of the world. Yet, equity in healthcare is an issue that is gaining marked relevance in the current debates on health care. The high standards of health care that are extended by the Canadian health care are not accessible to all sections of the Canadian society. Though there are scarce financial barriers to health care in Canada, there do exist cultural and language barriers to health care in the nation (Armstrong & Armstrong, 2008). Thereby if the healthcare system in a nation is not able to facilitate an equitable access, this further augments the social barriers. In that context, the privatization of some specific aspects of the healthcare will readily help ameliorate the inequities existing in the health care system. Irrespective of the inefficiencies creeping into the health care system the salient aspect of the Canadian health care that makes it stand high above many other nations is the fact that Canada tends to view access to healthcare as a right and not a commodity (Armstrong & Armstrong, 2008). However the irony is that the right to health care is becoming such a gargantuan onus that it is impinging on the extension and provision of many other rights like education and social welfare. Thereby a partial and efficiency oriented privatization of the delivery if not funding of the health care services could act as a viable way to divert more resources to other social imperatives. The nature of the health care in Canada is to a large extent imminent on the criterion resorted to for determining efficiency. However, in a pragmatic context the efficiency in health care ought to be determined on the basis of the amount of resource s and funding dedicated to the cause of healthcare to the quantum of services accrued and the volume of improvements facilitated in the health care system. In that context efficiency needs to be the determining factor in deciding as to the aspects of the heath
Friday, November 15, 2019
History About The Internet Banking Marketing Essay
History About The Internet Banking Marketing Essay As we all know Internet Banking is becoming popular in every part of the world and Mauritius comprises of one those countries where Internet Banking is being adopted by many people. So we will study the factors that influence the implementation of Internet Banking for the situation of the developing Mauritian economy. The frequently used services by Mauritians are inter account transfer, payment to other personal account, transfer to credit card account, and recharge mobile among others. The Banking Industry is likely to be the principal actor in E-business. Banks have acknowledged an internet presence with numerous aims and most of them are using the internet as a new distributing system. In Mauritius there have been some specific problems that are limiting the e banking adoption they are mainly attitude towards technology, security and privacy concern, trust in banking firms, the e-banking culture, and skills and penetration. E-banking will flourish if the main structures, especial ly the payment of bill are handling well. The banks have already started to focus on increasing and refining E-banking services as they have started to work together with various usefulness companies to enable customer to perform numerous functions online. Keywords: e-banking services, banks, Mauritius, effectiveness, challenges INTRODUCTION A feature of the banking industry across the world has been that is progressively becoming turbulent and viable, categorized by an increasing development towards internalization, mergers, takeovers and alliance of the banking industry. Pikkarainen, Pikkarainen, Karjaluoto, and Pahnila, (2004, p. 224) defines internet banking as an internet portal, through which customers can use different kinds of banking services ranging from bill payment to making investments. Apart from removal of cash, internet banking allows its customer to have access to nearly any kind of banking operation at the click of a mouse. Banks have tried to build customer satisfaction through the delivery of better products and services and at the same time to lessen the operating cost. Thus the world of banking industry has been constantly transforming and with the arrival of technological developments, mainly in the area of telecommunications and information technology, one of the latest revolution that took birth, and quite unavoidably has been the internet banking. Most people have heard of e-banking but they have not tried it as for them it. Many people still pay their bills by mail and deposit checks at banks much of the way almost every people do including our parents. Individuals might shop online for loans, insurance and may other things but when the time reaches to commit themselves they will be more at ease and secure to go at their banks. Online banking is not out to alter your money habits. Instead, it uses todays computer technology to give you the opportunity of avoiding the time-consuming, paper-based aspects of traditional banking in order to be able to manage your finances more rapidly and professionally. The appearance of the Internet and the popularity of personal computers offered both a chance and a test for the banking industry.it has been for years, financial institutions have used influential computer networks to mechanize millions of daily dealing. Today, often the onl y paper record is the customers receipt when the sale is done. At the present customers are connected to the Internet via personal computers, banks envision similar economic advantages by adapting those similar internal electronic processes to home-based use. Most banks view e banking as an authoritative value added tool to be able to attract and preserve new customers though by using the help to eradicate expensive paper handling and teller contact in an progressively viable banking environment Evolution of E-Banking Over a last few decades, technology had drastically affected the banking industry which gave rise to a new concept called E-Banking. E-Banking became popular in late 80s where the system could be accessed with phone lines. But nowadays with computers and internet, E-banking continued to grow. Online Banking was first adopted in New York in 1981 where the major banks like Citibank, Chase and others provided home banking services by making use of a system called videotext. Stanford Federal Credit Union was the first service provider of internet banking in October 1994. The use of E-Banking business is advantageous for both business and stakeholders. They can access the service 24-hour and retrieve any information easily. Moreover, it is affordable for both large and small companies. In addition, it has created new way of marketing the financial services and share mutual support and guidance within a virtual community (Barnatt 1998). But on the other side, there are dangers and disadvantages of E-Banking prevailing. It can be seen that the system available for accessing the services may be discouraging because of poor control in many cases. There is always the threat of hackers whatever the level of security is (Souflis 2002). Furthermore, there is no direct contact with customers and banks (Baldock 1997; Danial 1999; Ramsay and Smith 1999). It can be seen that whatever be the challenges faced by E-Banking, still there are new entrants providing the above services worldwide and they are trying to manage that effectively. Internet Banking around the World In Europeans countries, online banking has been adopted differently. It was seen that most banks which were of medium size made use of internet banking at the very start. However, when comparing the respond rate of North Europe from that of South, it could be deduced that the Northern Europeans adopted online banking at a quicker pace. In early times E-Banking was dependent on the level of education and in some parts of Europe there was highly educated people compared to other parts. Reaching 2008, around 60% of households had started using E-Banking. In USA, banks had lagged behind to adopt internet banking at the very start but slowly they did catch up. The banks like Bank of America, Citibank and Wells Fargo were the main banks providing online banking and they were the mega banks in USA. They had dominated the internet banking field for quite some time. Nowadays, there is 80% of credit unions offering this facility and they have around 6,300 members in this sector. It can be seen that in the American countries, banks make use of internet banking as a business strategy to increase market share rather than making profits. In the study carried out by Capgemini, Unicredit Group and European Financial Management and Marketing association, it was deduced that most banks made use of internet banking as a strategy aiming to attract more clients by offering lower price for products and services. But, it was not advantageous for all banks in all countries. For e.g. In Russia, providing internet banking facilities to its customers was very expensive. This has caused an impact on their market share as clients were unable to benefit from lower prices and moved to other means where costs were low. In Romania, E-banking was introduced in 1996, by a foreign bank followed by local banks in 1998 and 1999. Many people did not have internet connection at that time and the target customers were mostly companies. In 2003, there was 18, 000 users of internet banking which gradually increased to 200,000 in 2006. In the year 2007, internet banking completely entered the main stream in Romania. In May 2007, a study was conducted on internet banking services which considered 5 banks in the Romanian Banking sector which were the Bankpost, B.R.D, Banca, Transilvania, HVB Tiriac, Raiffeisen Bank. The usability study looks into accounts of those customers who were computer literate and had at least one card to be used online. It was concluded that customers were more conscious about security and risks involved in E-banking rather than the benefits that were provided. But, today in Romania, people are more conscious about the opportunities that E-banking provides and they want to switch to these services as fast as possible. It can also be seen that youngsters are more interested in using all these services especially in the modern times. E- Banking allows customers to do almost everything without having to go in any branch of their banks. It offers a range of advantages and they are mainly the same around all countries and they are:- Informational: They provide clients with information about the products and services offered by banks which are free of cost. Communication: clients can get information about their accounts and can update their profiles as they can get access to the banks main system. Transactional: Customers can pay their bills, transfer money, make loan application without any inconvenience of going to bank, waiting for their turn and complete their transactions. Time is also saved. Moreover, with E-banking, banks can target customers of other countries not necessarily the home countries. In this technological age organizations around the world are making extensive efforts to cope with the evolving business environment. Increases in domestic and global competition, are causing markets to add pressures on the organizations to come up with effective responses to survive and succeed. Ease in the international trade barriers, economic globalization, globalization and deregulation are major challenges that organizations in developing and newly industrialized economies such as India. To be able to respond to the changes in the external environment effectively, companies are using information technology (IT) as a tool to improve their productivity and competitiveness. Over the last decades India has been one of the fastest economies to adopt information technology, in particularly due to its capability to offer software solutions to organizations across the world. This comparative advantage has enabled India to provide remarkable impetus to their domestic banking industry to present latest advances in technology, especially in the internet banking and e-commerce arenas. (kannabiran, narayan, 2005). Banking industry in India does not contrast much from other industries in terms of facing constantly changing market conditions and leverages. IT is basically used for competitive advantage purposes. In todays global context, IT has become an imperative for organizations to remain competitive and grow effectively. Even if the technological advances around the world had been quite fast over the past years, the process was relatively slow in India. The emergence of new private banks in India changed the entire scenario drastically since these banks business model evolved around IT. As a result IT became an important strategic necessity for banks in the industry to remain competitive. Prior to the 1990s IT was used to automate the back offices of banks. From then on IT has been deployed in different types of back-office and customer interface activities. From technological perspective, Indian banks found it difficult to adopt information technology both as a strategic tool and as an operational necessity. The first challenge had been the availability of comprehensive and centralized banking application that could cope with the various operational requirements and controls that could be adapted to the Indian banking environment. The second challenge was the difficulty to set up a strong communication network connecting the branches of the bank to the data center hosting the core banking applications. With the expansion of internet usage, e-banking is one of the most revolutionized components in this new eras economic growth. E-banking is somehow said to the most powerful value-added tool to attract new customers and retain existing ones. Proliferation of internet and computer usage has only caused the electronic banking delivery to become ideal and to meet customer expectations. This has been the result of the adoption of internet banking by Malaysian banks. Malaysia has endeavored to develop its e-commerce significantly. Banking organizations in Malaysia are offering online transactional services for its customers via banking services. In Iran, Amin Sulaiman et al. (2005) conclude that the adopters perceive e-banking to be an easy and convenient way and carry out their E-banking transactions either from their homes or office, also, the age, income and job positions held influence E-banking adoption. Higher adoption was seen amongst younger persons, persons with high salaries and those holding higher positions. The introduction of internet banking has only brought up the concept of Anytime Anywhere Banking. Banks have been spending lots on the technological wave of internet banking. It has also discouraged physical transactions by simply levying additional charges at the physical branches. Due to high investments in technology and its adoption by numerous banks, the internet banking sector has known tremendous growth. From the Asian experience, it is clear that Internet Banking is here to stay and is a key channel to acquire and service customers. Since 2006, internet banking has increased by more than 45.4million in the Asia Pacific regions. In markets like Korea and Singapore, over 10% of their population makes use of the Internet banking facilities. Even though these markets are a long ahead of India both in terms of internet penetration and on-line banking services, we should not forget that India has very big potentials and is a world in itself. India is speeding to catch up with its other Asian counterparts. Mauritian Context With the trend of globalization all around the world, it is almost difficult for a country whether big or small, developed or developing to remain separated from what is happening around. For a country like Mauritius, which is one of the promising emerging markets, such separation is almost impossible, more specifically in the information Technology area. Information Technology has reduced in size the world, and as a result, time and distance is of no importance. In the current global context, information Technology is of great importance for organization to remain competitive and to grow (Uppal and Chawla, 2008). The concept of banking in Mauritius has drastically changed where technology is the most predominating factor which has helped banks to have new products and services in order to win the competitive market. Before the electronic era, the entire banking in Mauritius was conducted manually and very little through computers, but today almost every transaction is done electroni cally. Long ago in Mauritius, banks conducted their activities mainly in the banks itself, that is if customers had to make any transactions or have recourse to any services offered by banks, they had to go to the banks in order to be able to conclude their transactions. But, many changes have occurred in the global business environment in the last decade of the 20th century, among which is electronic commerce, or trade of products and services through internet and telecommunication networks (kalakota whinstone, 1997). Nevertheless, the effect of electronic commerce has been more obvious in the banking and financial services industry in contrast to other industries (Bughin, 2004; eMarketer, 2000). The adoption of technology by the banking industry in many countries around the world has been at a very high level. But the process in Mauritius has been slow over the last several years. It got off to a slow start and only picked up momentum in the 1975s. Information Technology was mainly emplo yed to automate the back-office and customer-interface activities of banking. It was only in the year 1997 that internet banking really becomes in operation. It is a relatively recent phenomenon in Mauritius (Padachi et al, 2007). This was mainly due to a relatively good quality infrastructure with respect to communication, internet facilities available to almost every citizen of Mauritius and has the highest education attainment as well. In 1997, out of the 11 banks in Mauritius, only 4 of them, namely the Mauritius Commercial Bank, the State Commercial Bank, Banque de Mascareignes and Barclays were offering internet banking facilities (Padachi et al, 2007). But today almost every bank in Mauritius is offering e-banking services. Some of the e-banking services banks in Mauritius are offering are: mobile banking, electronic bill presentment and payment, fund transfer between a customer account to another customers account or to any banks, loan application and transaction, receiving or checking bank statement online, Automatic Teller Machine (ATM) and many othe rs. In the next paragraph, we will study the e-banking services in more details. E-Banking services The e-banking services that the Mauritian banks offer are as follow: Mobile banking Mobile banking is a term used to perform balance account transactions, balance checks, payments etc. via a mobile device such as mobile phoneà or Personal Digital Assistant (PDA). Mobile banking today is most often performed via SMS or theà Mobile Internet. There is also the recharge of mobile phones where a customer can recharge his mobiles credit anytime and anywhere. You just have to send a text to recharge your mobile or to check your bank balance wherever you are1. Electronic bill presentment and payment (EBPP) This service facilitates payment of electricity, telephone bills, insurance premium bills and many others by allowing its customers to electronically settle payments of goods and services. Customers and billing companies can use the phone or the internet to make payments as well as having access to their billing information where the company bills its customer and receives the payment electronically. EBPP can provide significant savings to traditional print mail billing and payment remittance, and also causes significant reduction in the use of paper. The customer does not have to pay their bills in person, delegating it to the bank and as such saves time for the customer2. 1 http://en.wikipedia.org/wiki/mobile-banking 2http://en.wikipedia.org/wiki/EBPP Fund transfer Customers can transfer any amount from his own checking or savings account to another customers account of the same or any other banks. They can transfer funds in any banks in Mauritius and also overseas. As such, it allows customers to use this service 24 hours a day, 7 days a week as compared to traditional fund transfer. It offers greater security as no tangible cash is involved. This service also provides a fast and perpetual connection with the bank1. Loan application and transaction Nowadays customers no longer have to wait long time in queues for a loan application. They can simply apply for a loan online. They only have to sign in to have access to the online services and enter the sum of money which they want to receive as loan. The customer is either notified by mail or by telephone and the notification is faster than traditional loan application. Checking and receiving bank statement online. The customer just has to enter his PIN number in order to check his or her bank statement online. It is a flexible and convenient service where the customers can have access to their bank statements anywhere in the world, whether its at home or at work even if the bank is closed. It also eliminates paper processing. Automatic Teller Machine (ATM) 1http://www.hsbc.co.mu/1/2/personal/Personal-bankingATM is a device that allows the banks customer to have access to financial transactions in a public space without the help of a bank teller. On the ATM, the customer is identified by inserting his ATM card that contains a unique card number and some security information. The customer just has to enter his PIN to have access to his bank account in order to make cash withdrawals and to check his account balance. Thus customers saves time as they do not have to make queues for withdrawal of their money in banks and also, the speed of transaction is faster than the traditional banking channel. They can also withdraw money anytime they want (Salami). Challenges Over the past few years, numerous financial bodies have launched e-banking over the Internet. Given the necessities of matching marginal gains versus marginal costs, measuring the effectiveness of market growth along definite scopes and segments, and determining whether the new technology would be recognized, it is authoritative that this result is frequently re-evaluated. Commercial banks face substantial tests on both the supply side and demand side, allied in specific with race, product-service excellence and diversity, cost effectiveness, transaction security, and demographic alteration (Zigi Liao and M.T Cheung). Despite that information technology has enormously improved operating efficiency in the banking sector, it has also weakened the banks information system. The negative effects on online banking are very few but have a significant impact on customer satisfaction. Customer who lacks computer skills and is not at ease in using the internet may find it difficult to navigate and learn how to use online services thus causing frustration. Forgery is another challenge concerning e-banking as there are some proxy websites or fraud, which can hack information which a person entered when doing a transaction and exploit it unfairly. Therefore, people may lose their money without realizing it and by the time they are aware, they have already make huge losses. Matila and Matila(2005) ascertained that security impedes the adoption of e-banking. As such, customer loses the banks confidence. Customer confidence is another barrier towards the adoption of e-banking as lack of trust may prevent customers from using electronic channel (Steward, 1999). Another challenge of e- banking is that it takes time to get the Internet account started, as it needs a lot of paper work. Some people evade using Internet banking services as they find it hard to comprehend how it works. Also, the fact that an incorrect click can cause financial losses may be a preventive. Internet banking can also pose difficultly, then if the network crashes in ones area this may originate into trouble, if the person has to do an essential deal. Furthermore, Clerk and Mills (1993) implies that some customers will prefer face-to-face interaction by establishing personal contact with the bank who want social and psychological benefits, thus detrimental to e-banking. One very common challenge of e-banking is when a person has a difficultly or a query. In traditional banking, if someone is in difficulty, he can go to an employee of the bank to solve it. But, in the case of e-banking, he will find himself making infinite calls to the customer service department. Another problem encountered by a customer is where he is put on hold or his phone call is passed from one employee to another thus annoying the customer. Access to internet is one of the major barriers for e-banking. E-banking services is determined by the number of people having access to internet and also the cost of internet connection(Li and Worthington,2004; Sonail and Shanmugham, 2003). Age is another factor that affects the adoption of e-banking. Elderly people are more reluctant to use e-banking services as compared to younger generation. As pointed out by Oumlil and Williams(2001), mature banking customers are not innovators of new technologies, but are rather reluctant or are small in number towards adoption of new services. Though, e-banking has certain challenges, one can gain of its customer-friendly services, if one is cautious and careful. One should never give away his password to any unknown person and to make the experience of Internet banking an easy process and must use sites that are familiar and reliable.
Wednesday, November 13, 2019
Native Americans Essays -- essays research papers
Native Americans culture is unique for many ways. Living on the reservations they were in touch with nature as well as their ancestors. Native Americans are disputed in the country, diverse among tribes, culturally mixed, and recognize their own political stands (Bordewich, 1996, p. 71). These have changed over the years, but before the reconstruction of the Native Americans the people were identifiable and knew who they were. Before the Europeans came and changed their living they felt one with the land. They believe the land was not to be owned by anyone. The Wakonââ¬â¢da, a god, who in there words related to all things, made the land. Also, they expressed their feelings for nature as in peace confidence. Before the ââ¬Ëwhitesââ¬â¢ took over the land the Native Americans had their own laws, as they do know, but one of the most important laws was to respect and keep peace with the dominant race and others around them. This meaning the Natives had never wanted to start fighting with the other races (Brophy, 1966, p. 24-25). They wanted to keep to themselves and keep the land clean and healthy. They did everything in and for nature. à à à à à The Indian dances were a spiritual way for the Indians to express themselves. Handed down from generation to generation the dances are not a form of their own movement. They do the steps of the ancestors exceptionally in the religious ceremony dances. The only time a dancer will go outside of the steps is when itââ¬â¢s a personal ex...
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