Future Of Self Driving Cars Research Papers Essay

In the technology world, the latest advancement is only as good as the next thing coming down the line. The auto industry is constantly bringing us new technologies, whether it be for safety, entertainment, usefulness or simply for pure innovation (Neiger,C.). Unless you’re an inveterate walker or a mass-transit rider, you probably spend more time in your car each week than anywhere except your workplace and your home. It’s not always pleasant. Highway gridlock, a fruitless search for a parking space or a brush with a thundering tractor-trailer can rattle all but the most Zen drivers. Things are about to get better. A new wave of innovation, led by carmakers and automotive-tech companies, is transforming the driving experience. Thanks largely to on-board computers, our vehicles are becoming smarter, nimbler, and safer and more fun. (Human drivers, unfortunately, will remain as erratic as ever.)Fully self-driving cars remain some years away. But new technology in the nex t five to 10 years will help Cars Park themselves, monitor the alertness of the driver and even communicate with each other to avoid collisions. Tomorrow’s cars may have self-parking cars, self-driving cars, long-range headlights, external airbags, learning system, connecting cars, and driver’s health (Brandon,G.). For decades, car infotainment meant just a radio. Then tape decks began appearing, eventually being joined by CD players. Now, Tape decks have disappeared as a factory option (the last car to come with a tape player was sold in 2010), and the CD is entering a slow but inexorable decline. They’re being replaced by smartphones and streaming media. Compared to even a few years ago, new cars are far more connected to the outside world. It’s a trend that’s only going to continue. The always-updating consumer electronics industry and the rapid rise of the smartphone have combined to condition consumers to an incredibly rapid pace  of development. People expect new devices every couple of years that are faster and more powerful, and they’re bringing those expectations out of the Apple or Android or Microsoft store and into the car dealership. As we covered recently, this has created a new set of challenges and opportunities for the automakers. First Parking may be the most tedious thing about driving. Parallel parking is an ordeal for many drivers, but with parking space limited in big cities, squeezing your car into a tiny space is a vital skill (Grabianowski,E.) Even for veteran urban dwellers, parallel parking can be a challenge. And nobody enjoys circling a crowded shopping-center parking lot, jockeying with other irritated drivers for the few open spaces. Fortunately, technology has an answer – cars that park themselves. Imagine finding the perfect parking spot, but instead of struggling to maneuver your car back and forth, you simply press a button, sit back, and relax. The same technology used in self-parking cars can be used for collision avoidance systems and ultimately, self-driving cars. Self-parking cars can also help to solve some of the parking and traffic problems in dense urban areas. Cameras and sensors mounted in car bumpers measure the distance between the car and surrounding obstacles, allowing a semi-automated system to turn the steering wheel, move and brake to navigate into spaces (Brandon,G.). Sometimes parking a car in a space is restricted by the driver’s skill at parallel parking. A self-parking car can fit into smaller spaces than most drivers can manage on their own. This makes it easier for people to find parking spaces, and allows the same number of cars to take up fewer spaces. When someone parallel parks, they often block a lane of traffic for at least a few seconds. If they have problems getting into the spot, this can last for several minutes and seriously disrupt traffic. Self-parking technology would prevent many of these mishaps. It can also save money, since you won’t have to worry about insurance claims for parking-related damage (Grabianowski,E.). Next up are cars that can park themselves at the push of a button. If you believe the hype, it would seem that self-driving cars are right around the corner. Google has been testing them for several years, and states like California and Nevada have authorized them for use on roads – although only with a human behind the wheel. Autonomous-driving features, such as systems that recognize hazards and brake on their own to avoid collisions, are already on the market. But the fantasy of a car that  automatically steers you to work while you read the morning paper or catch a few extras is still many years away. â€Å"Autonomous driving is not going to mean jump in the car, push a button, say ‘Take me to grandma’s house’ and go to sleep,’ † said James Bell, head of consumer affairs for GM. â€Å"That may come someday, but not soon.† For decades, most automobile headlights were fairly uncomplicated. They pointed fixedly ahead, with separate high beams for greater visibility on dark roads. Then came the more energy-efficient halogen and xenon lights and light-emitting diodes (LEDs). Now, automakers are pioneering a generation of â€Å"smart† headlights that can automatically adjust their brightness or direction depending on conditions. And a coming wave of laser high beams promises to illuminate the road ahead for a third of a mile – twice the range of LED high-beam headlights – while using less energy. Audi and BMW are racing to be the first carmakers to offer laser lights in a production car: BMW in its i8 plug-in hybrid and Audi in a yet-to-be-named model (maybe the Quattro) by 2015. â€Å"We’ll be able to extend the range of headlights to (a distance of) six football fields,† said Filip Brabec, director of product management for Audi. That’s 600 yards, or more than thr ee north-south blocks in New York. Meanwhile, next-generation LEDs have sensors that can detect oncoming traffic and redirect the beams in such a way as not to blind other drivers. An onboard computer, linked with cameras, controls each of them to mask glare onto other vehicles while flooding the road with light. With such a system, drivers can keep their high beams on all the time instead of having to toggle back and forth. For decades, inflatable airbags have been protecting people in cars from the devastating jolt of collisions. There are airbags mounted in the dash, steering wheel, side panels, seats and even seat belt. Despite their varied locations, these airbags all have one thing in common: They’re inside the vehicle. But what if someone made airbags that inflated on the outside to help protect the car — and pedestrians — before the moment of impact? TRW Automotive, a maker of safety technologies, is developing a large airbag that would fit into rocker panels on the side of the vehicle, on the beam below the doors. A system of cameras and radar on  the car would detect when a collision was imminent and send a signal to the airbag, which would inflate outward and upward within 30 milliseconds. In this way, the side airbag would absorb some of the energy of the collision before the vehicle’s frame was struck. Crash tests have shown that the external airbags can reduce the impact on a vehicle’s interior – the inward crumpling of a car’s frame and doors – by up to 35%, said Emiliano Core, who is developing the airbag system along with Lothar Zink and other TRW engineers. http://www.cnn.com/interactive/2014/02/tech/cnn10-future-of-driving/ We humans are flawed drivers. We sometimes get behind the wheel while sleepy or even drunk, and we’re easily distracted, whether by our electronic devices or something pretty outside our window. In the gravest circumstances, we can even have a stroke or heart attack behind the wheel (Kelly,H). This is why researchers, app developers and car companies are developing technology to monitor flesh-and-blood drivers and help them avoid accidents. Advanced sensors in the passenger cabin can monitor a driver’s vitals such as heart rate, eye movements and brain activity to detect everything from sleepiness to a heart attack. Nissan is experimenting with an array of technology that detects drunken driving. A sensor in the transmission shift knob can measure the level of alcohol in a driver’s sweat, while the car’s navigation system can sound an alarm if it detects erratic driving, such as weaving a cross lanes (Kelly,H). http://www.cnn.com/interactive/2014/02/tech/cnn10-future-of-driving/ For several years now, we’ve been hearing about a near future in which all of our digital devices communicate with each other. Your fridge notices that you’re at the grocery store, for example, and sends a message to your phone saying you’re out of milk. Or your oven texts you when the pot roast is done. Now this so-called â€Å"Internet of things† is coming to the highway (Brandon Griggs). As cars grow more and more computerized, they will be able to trade messages about traffic, weather and road conditions. More urgently, they can broadcast their speed and direction and warn each other about potential safety hazards, such as when a nearby vehicle is drifting into your lane.†If I can get information from the car next to me that  they’re going to turn right, that would be great,† explains Maarten Sierhuis, director of Nissan’s research center in Silicon Valley. He imagines a day when information about almost all vehicles is stored in the cloud and accessible by all. â€Å"It would be like crowdsourcing the driving experience.† This technology is called vehicle-to-vehicle communications, or V2V for short, and it’s not far off. In the first test of its kind, almost 3,000 cars and trucks equipped with prototype V2V devices have been driving around Ann Arbor, Michigan, over the past year-and-a-half as part of a pilot program by the University of Michigan and the U.S. Department of Transportation (Brandon Griggs). Thanks to on-board computers that operate everything from the stereo and navigation to the brakes and accelerator, the era of â€Å"big data† is coming to the automobile (Peter Valdes-Dapena). Mercedes-Benz is developing a system that over time promises to learn your schedule, tastes and even your moods. For example, it knows that you leave the house every weekday at 7:30 a.m. to take your kids to school and that you like the cabin a toasty 75 degrees. Based on GPS and satellite data, it quickly learns your preferred routes and tracks real-time traffic problems, so it can suggest detours to help you save time (Peter Valdes-Dapena). http://www.cnn.com/interactive/2014/02/tech/cnn10-future-of-driving/ Here are some of my favorite implications. Reduced deaths, reduced accidents. Saving LOTS of Money and Time. Massive Fuel Savings. No New Roads, Less Traffic. No Ownership – Just â€Å"On-Demand† Usage. No Garages, No Driveways, No Parking. No Mandatory Car Insurance. At last, if self-driving cars are available in the market everyone will be exited and there will be lot of advantages. Some people may enjoy and love driving cars by themselves, for them this technology may or may not help. But lots of people will be beneficial. Old people and some handicapped people may definitely like this. By this future cars we can save time, money and accidents as well. This technology cars are going to be with us within next 5-10 years. References: Brandon,G. (n.d.). The CNN 10: Future of driving. Retrieved from: http://www.cnn.com/interactive/2014/02/tech/cnn10-future-of-driving/ Diamandis,P. (10-13-2014). Self-Driving cars are coming. Retrieved from: http://www.forbes.com/sites/peterdiamandis/2014/10/13/self-driving-cars-are-coming/ Grabianowski,E. (n.d.). How self-parking cars work. Retrieved from: http://auto.howstuffworks.com/car-driving-safety/safety-regulatory-devices/self-parking-car.htm Jonathan,m. (06-3-2014). The past, present, and future of in-car infotainment. Retrieved from: http://arstechnica.com/cars/2014/06/the-past-present-and-future-of-in-car-infotainment/ Kelly,H. (n.d.). The CNN 10: Future of driving. Retrieved from: http://www.cnn.com/interactive/2014/02/tech/cnn10-future-of-driving/ Neiger,C. (n.d.). 5 Future car technologies that truly have a chance. Retrieved from: http://auto.howstuffworks.com/under-the-hood/trends-innovations/5-future-car-technologies.htm Valdes-Dapena,P. (n.d.). The CNN 10: Future of driving. Retrieved from: http://www.cnn.com/interactive/2014/02/tech/cnn10-future-of-driving/

Night: Judaism and Nazis

English 2 Honors 4 November 2012 Complex Conflict One complex conflict in Elie Wiesel’s Night is the conflict between Elie and himself (Man vs. Himself) that over layers the conflict where the Nazis continuously killed and beat Jews with no sympathy (Man vs. Man). The complex conflict helps to convey the theme Hatred and Death. Elie struggles to be the sole supporter for his father, who is constantly being beaten for unnecessary reasons by the Nazis. Along the journey to Gleiwitz, Elie ran with an injured foot willing to just give up and surrender his life for his foot because such great pains.When Elie saw his father veer near him as they continued their run, Eli saw how† out of breath, out of strength, desperate (Wiesel 86)† he was and Elie stated â€Å"My father’s presence was the only thing that stopped me (Wiesel 86). Elie’s comment provides an indirect characterization for Elie as a caring and loving son that would not leave his father to fight alone for he knew he was his father’s future. Due to the fact that Elie contemplated to whether to kill himself or support his father as he hangs on the thread between life and death.The Nazis were aggressive and unsympathetic for their well-being. Elie’s father was struggling to survive the journey for whosoever slowed down or stopped running at the pace were either shot or trampled. â€Å"They had orders to shout anyone who could not sustain the pace. Their finger on the triggers, they did not deprive themselves of the pleasure (Wiesel 85)† exploits the theme Hatred as the Jews hold on for dear life that the Nazis feel amusing, â€Å"they did not deprive themselves of the pleasure†. The Nazis in fact hated the Jews for multiple reasons and loved how the Jews memory was slowly fading.Due to Elie’s difficult choices and the hatred that the Nazis act upon through the layering of conflicts, Wiesel precisely shapes the themes of Hatred and Death. Sur vival Survival was displayed throughout the book, Night, through Elie and other Jews that accompanied him in the camps: Elie’s father, Shlomo, was constantly abused along with Elie, Elie was not going to take any blows for no one, not even his father, â€Å"he slapped my father with such force that he fell down (†¦) his place on all fours. I stood petrified (Wiesel 39)†.This quote displays imagery in the profound force of this SS officer brutally slapping Shlomo as Elie stood terrified and aghast at the thought that if he were to step in to protect his father he would surely get the same beating as his father. Elie loved his father dearly but he was afraid,† my body was afraid of another blow this time to my head (Wiesel III). † Elie’s diction clarifies â€Å"my body was afraid† as a connoted meaning of his body feeling a gaping hole as if he was falling off the earth. Elie would not move to save his father after his father’s last words were his name being summoned.Elie feared another blow for he was also weak like his father. Survival was conveyed through the test of how Elie refused to protect his father from the constant blows. Perseverance and dignity in the face of human cruelty Perseverance and dignity in the face of human cruelty conveys sympathy that the Nazis and SS officer s had for the Jews although they continued to commit this genocide. The little advice and encouragement were quite helpful in keeping the Jews weight up, â€Å"Don’t lose hope: (†¦) muster your strength and keep your faith (Wiesel 41). The comment the young Pole, who was in charge of Elie’s block, displayed an indirect characterization as a caring and supportive Pole who despite what he has to do, feel the pain the Jews are experiencing. Although that comment supported and encouraged the Jews, he had to continue his cruelty and harshness towards them. Some Nazis could not handle the hanging of young Jews, †Å"This time, the LagerKapo refused to act as executioner (Wiesel 64)†. The executioner also displays indirect characterization with the pain he feels in hanging a young Jew.The executioner presents a sympathetic character as he refuses to hang the young Jew as if he feels as if it were his son as well. He had one act of sympathy of hanging this young Jew but was unable to keep him alive for the young Jew still must be hanged. The Nazis kind heart and encouraging words were quite helpful and supportive in a way but could not assist the Jews in their escape to freedom. Faith Loss of faith became a huge problem for the Jews for they felt that instead of helping them through life they felt as if it was killing them. Elie verhears other Jews praying to God but refuses, â€Å"I felt anger rising within me. Why should I sanctify this name? The Almighty, the eternal and terrible Master of the universe, chose to be silent (Wiesel 33). † The syntax Elie conveys demonstrates the h atred he feels for God and how God does not save the Jews from their morbid lives. Elie believes that if God is who those Jews say they are, then he should have protected them from the Nazis so that they will not be near death in a German camp. Elie did not bother to bless god at all, â€Å"Why, but why would I bless him? Every fiber in me rebelled. Wiesel 67)† The dialogue suggests the disbelief in his voice for God and the sacrilege he has for God. Elie would not pray for the Almighty who did not bother to save them from their deaths that behold in the crematory. Faith was conveyed through the text due to the lack of faith that the Jews acquired during their moments of death, doubt and anger. Hatred Hatred occurred throughout the entire text. How the Nazis began to transport all the Jews to the German camps were the commencement to the Jews death. The Nazis lined the Jews in the torrid heat including children, â€Å"the heat was oppressive.Sweat streamed from peopleâ€℠¢s faces and bodies. Children were crying for water (Wiesel 16). † The diction â€Å"oppressive† suggests the heat was tyrannical. The Jews have never experienced such heat and thirst that it became something they desired for as they awaited to be counted. The children Jews were suffering the hatred of the world as the Nazis would not allow them to get even a sip of water. When the Jews were being evacuated to Gleiwitz in the frigid cold with light clothes, the Nazis yelled at the Jews to force them to go faster or get shot, â€Å"Faster, you tramps, you flea-ridden dogs! Wiesel 85)†The words â€Å"tramps† and â€Å"flea-ridden dogs† were considerable diction that implies the denoted meaning of dirty or detestable displaying the disrespect the Nazis give to the Jews. The Nazis show no sympathy for the Jews as they force them to run in the icy cold hanging on to dear life. They display no care for their well-being. Hatred was conveyed through the har sh torture and comments that the Nazis exhibited to the Jews. Loss of Innocence Loss of innocence occurred through the German camps the Jews were inhabited in. Elie was astonished of the situation he was among that he had to dream f a better place hoping where he was, was just a dream. â€Å"Soon I would wake up with a start, my heart pounding, and find that I was back in the room of my childhood with my books (Wiesel 32). † The syntax articulates the diction â€Å"my childhood† was quite significant for Elie was still a child in his childhood. Elie was frightened and speechless to the things that occurred that the world kept quiet about. Elie just wanted to be back home to his family where everything was a normal life for a child for what behold him felt as if his childhood were taking in front of his eyes.In the camps they took away their childhood forcing some children into young prostitutes, â€Å"in his â€Å"service† was a young boy, a pipel as they were called. This one had a delicate and beautiful face —- an incredible sight in this camp. In Buna, the pipel were hated; they often displayed greater cruelty than their elders (Wiesel 63). † The author’s style using quotations for â€Å"service† implies a more connoted meaning rather than a denoted meaning. The author’s style with the usage of a hyphen displays the inarticulate words of describing how admirable young pipel was among the camp.The young boy does not know that what he is doing is wrong. The pipel is in a â€Å"service† that commanders would sexually abuse him as he abuses is inmates non-sexually just cruelty. Loss of innocence was conveyed due to the fact that the German camps took their childhood and replaced it with a life that they would never do if they were not captive. Death Multiple Jews like Elie felt death surround them at every turn. When the Jews had to run through the torrid cold to another camp Zalman, a young Poland boy could no longer endure the cold no more that he had a dysentery problem and was trampled as he lowered his pants and fell to the ground.Elie felt as if his time were near as well as Zalman’s â€Å"Death enveloped me, it suffocated me. It stuck to me like glue. I felt I could touch it (Wiesel 86). † Elie felt that just one mistake would lead to his death. Elie feared dying. When they arrived to an abandoned village where Shlomo, Elie’s father, felt as if his time had ended now. Shlomo gave up and wanted to sleep even though it would lead to his death. Elie tried to encourage his father but he said, â€Å"I knew that I was no longer arguing with him (Sholomo) but with death itself, with dealt he (Shlomo) had already chosen (Wiesel 105). The dialogue displays an image of Shlomo’s pale face looking upon his son rebelling to move just to save his life. Throughout the multitude of camps Elie felt as if he lived by chance dodging and surviving through the f eeling of death and commit of suicide. Night Night displays such descriptive detail in the life the Jews inhabited in the cruel cramps of the Germans. They were constantly working growing weak each and every day through the cold harsh weather with light clothes, â€Å"The days resembled the nights, and the night left in our souls the dregs of their darkness (Wiesel 100)†.The denoted meaning of â€Å"dregs† suggests the literal meaning of least valuable part of anything declaring that the Jews souls that they once had had faded as the nights devoured their strength, faith and along with their humanity. How the days resembled the nights envelops the central theme, hatred. The Nazis harsh and cruel ways in the day felt to the Jews as if it flowed to the night as well, as they were uniformly beaten repeatedly. Let alone, the cruel journey in the cold temperate weather for nearly twelve hours was quite grim as they were evacuated to a different camp, â€Å"I moved like a s leepwalker (Wiesel 87)†.All the Jews that slowed down, tripped, or even stopped running were immediately trampled or even shot if they made it out of the crowd without being trampled. Hatred was conveyed through the simile Elie uses in the quote and how Elie’s feeling of being a sleepwalker indicates that he was exhausted and that Elie was literally hanging on for his life. The abstract meaning for night would be the deaths that overshadowed the nights and resembled the days. Fire Fire helps convey hatred as the central theme in the novel, Night.The first light of fire the Jews saw were the train ride to the German camp when they saw â€Å"the train disappeared† and â€Å"all that was left was thick, dirty smoke (Wiesel 6). † They had said the train was headed to burning fiery place ahead that lead to the death of some Jews. The symbol for this quote was Fire=Death because of the â€Å"smell of burning flesh (Wiesel 28). † Imagery was clarified conv eys hatred as the theme using fire as its symbol by parading the image of a dark train leading to a fiery, morbid smoke that had the vile smell of dead corpses of Jews and even baby Jews.The Nazis delivering a train towards a â€Å"thick, dirty smoke† inserted fear into the Jews as they tried to demolish all of â€Å"Jewish culture, Jewish religion, Jewish tradition, therefore Jewish memory (Wiesel viii)† with burning them alive. Judaism as a Culture & Tradition Judaism as a culture and traditions convey the central theme, hatred. The normal traditions and cultures the Jews conclude before they became captive to the Germans, were well respected â€Å"My mother was beginning to think it was high time to find an appropriate match for Hilda (Wiesel 8). Jews selected their matches for their daughters who are developing into a young woman. The diction â€Å"match† refers as the connoted meaning of a husband or a soul mate for Hilda to grow old with. To add, duri ng the German concentration camps the Jews still praised God as they celebrated Rosh Hashanah despite the trouble they are in â€Å"Rosh Hashanah had dominated my life. I knew that my sins grieved the almighty and so I pleaded for forgiveness†¦ I fully believed†¦ salvation of the world depended on every one of my deeds, on every one of my prayers (Wiesel 68). The Jews still kept their belief in God despite the feeling of losing God. This quote shows indirect characterization as Elie even though prayed to God, tended to lose faith rebelling against praying to him and questioning why should he pray. This reveals the symbol Traditions = Chores/Mandatory. Religious Ceremonies The Jews undergo religious ceremonies before they were inserted into camps and while they were in camps. The Jews contemplated whether to continue their religious ceremonies, such as Yom Kippur, for the sake of their health and well-being. Yom Kippur was dedicated to fasting, honoring The Day of Atonemen t.When the Jews were free it was alright to fast because it was for God and they had enough food that could last them the long days of fasting, but when they became captive Yom Kippur became a debate to whether proceed along with the fasting and starve themselves or not, â€Å"To fast could mean a more certain, more rapid death (Wiesel 69)†. The Jews felt that completing Yom Kippur could endanger their lives. The dialogue clarifies that although fasting is the Jewish tradition, their life is worth more than worshipping to a God who â€Å"chose to be silent (Wiesel 33)†.Equally important, The Passover is the celebration of Jews for God that the Bible commands the Jew to complete. Although the Jews never participated in the Passover during their time in the concentration camps, they felt as if they were pretending to enjoy or celebrate and rejoice God. â€Å"We wished the holiday would end so as not to have to pretend (Wiesel 10)†. The dialogue suggests the Jews f ocus were not on worshipping God but what foreshadows. The motif’s abstract meaning of religious ceremonies is the debate that Jews must take to whether the ceremonies would really benefit them or slowly push them towards their death.The Passover and Yom Kippur conveys Faith as the Jews debate whether to complete the religious ceremony or die trying. Significance of the Opening Scene Elie’s opening scene displayed memorable scenes. Elie began describing Moishe the Beadle and how his presence looked quite â€Å"awkward as a clown (Wiesel 13)†. The diction â€Å"jack –of- all trades† shows the connoted meaning that he was in fact known around Sighet. Elie’s opening scene displayed how the freedom of the Germans felt gratifying and memorable.Elie recites how they lived in luxury, â€Å"The Jewish community held him (Shlomo) in highest esteem (Wiesel 4)† and how they worshipped God without it feeling as if it was mandatory or a chore, â⠂¬Å"we would read, over and over again, the same page of the Zohat. Not to learn it by heart but to discover within the very essence of divinity (Wiesel 5). † Elie’s opening scene exploits the theme of loss of innocence. When the Germans disrupt the comfort and luxury of the Jews homes, â€Å"The time has come†¦.. you must leave all this (Wiesel 16). Explain how the Germans immediately took control over the Jews, although aware it was going to happen. This significant event/scene shapes the overall plot in what foreshadow ahead as the Jews began to board a train that lead to â€Å"thick, dirty smoke (Wiesel 6)† and had the â€Å"smell of burning flesh (Wiesel 28). † Significance of Closing Scene The significance of the closing scene was the comment Elie made that reminded him of his late father. Elie ended the scene with a comment of how his reflection reminded him of his lost father and how the image and the last words he has received from him will never be forgotten.Elie missed his father deep inside as he looked in the mirror and saw â€Å"a corpse was contemplating me (Wiesel 115). † This quote explains the theme of survival as Elie realizes although his father is gone he will never forget his face and the last words that will haunt him forever. This shapes the overall plot and feeling of omission that Elie could not save his father for just another week until they were liberated. Wiesel’s Memoir Wiesel’s style made a more visual image displaying the morbid and cruel ways the Nazis treated the Jews.Wiesel employs a first person point-of-view that enables the reader into the position and situation he endured through the silence the world kept from the Jews. How Wiesel employs his point-of-view effects the reader’s attention and interest. The reader begins to feel as if they are him and are experiencing this tragedy causing suspense in what will come next. Wiesel uses multiple metaphors and immense choice of words. During the concentration camp before being evacuated Elie was in an infirmary, for his foot had been affected by the cold weather.Elie encountered a â€Å"faceless neighbor (Wiesel80)† who gave up on his faith in God and stated, â€Å"I have more faith in Hitler than in anyone else. He alone has kept his promise, all his promises, to the Jewish people (Wiesel 81)†. This statement states a metaphor, in which Elie uses quite often, to state that Hitler is God and that this sick man has completely lost faith in God. Also during the hanging of the young pipel who was hung for holding ammunition was between life and death as he gasped for air ,†His tongue was still red, his eyes not yet extinguished (Wiesel 65)†.The diction â€Å"extinguished† gives credit to the fire that has not yet been exterminated resulting a denoted meaning of his body being a fire and his eyes have not yet been dismayed. Important Character #1: Shlomo (Elieâ€℠¢s Father) Shlomo played a significant role in Night. Sholomo was the reason Elie strived to stay alive. Elie felt as if â€Å"I was his sole support (Wiesel87)†. The direct characterization of Elie shows how caring and supportive he is of his father. Elie’s comment displays the role that he will support and care for his father’s health until the day he dies.Elie’s father before captive was â€Å"a cultured leader, rather unsentimental (Wiesel 4)†. Although Shlomo â€Å"rarely displayed his feelings (Wiesel 4)† the moment he cried to Elie signified the breakdown that Shlomo had in the camp meant it was time for Elie to step up and become a man and support his father for he was becoming weak and ill. If Shlomo were to have not survived as long as he did Elie would have committed suicide and never to be able to tell the story of his dreadful nights in the German camps. Important Character #2: Moishe the Beadle Moishe the Beadle was Elieâ€℠¢s mentor that was mentioned in the beginning of the novel.Moishe was considered â€Å"the poorest of the poor of Sighet (Wiesel 5)†. Moishe was quite awkward but had dreamy eyes that would be† gazing off into the distance (Wiesel 3)†. Elie’s novel, Night, provided indirect characterization of Moishe as he described Moishe heavenly, shy and religious. Moishe led Elie to understanding his religion. Moishe warned the Jews of the Nazis before they came to take all the Jews captive. Moishe’s importance throughout the novel was foreshadowing the events that would soon lead to the deaths of many Jews. Moishe gave Elie the belief of God and why to pray and believe n God.Moishe mentored Elie in entering eternity and finding God. Alternate Title #1 Unforgotten Deaths explain the overall reason to why Elie written Night. Elie stated in his speech how â€Å"the world did know and remained silent (Wiesel 118)† of these tragic deaths of Jews they pleaded t o forget. The constant blows, â€Å"they began to strike at us left and right shouting (Wiesel 28)† were tormenting. The starvation and torture they hidden foreshadowed the deaths of Jews that the world kept silent about. The pure hatred the Nazis displayed upon the Jews, â€Å"Faster, you tramps, you flea-ridden dogs! Wiesel 85)† were abusive and careless of how the Jews felt. The Germans were deceitful and tried to trick the Russians into thinking they were treating the Jews with respect, â€Å"Let them know that here lived men and not pigs (Wiesel 84)†. This diction and syntax demonstrates the tone the Germans wanted to display to the Russians that they are quite caring of Jew although they burned them alive. Unforgotten Deaths is a fit title for this novel because of the reason Elie believes he survived â€Å"nothing more than a chance (Wiesel viii)†. Alternate Title #2 The Loss of Faith and Jews through the silent death camps fit Night isplaying how the Jews fought for life and death through the demolishments of their memory. The Jews were hanged and burned alive, â€Å"You will burn! Burned to a cinder! Turned into ashes! (Wiesel 31) and â€Å"the hangman put the rope around his neck (Wiesel 62)†. Through the multiple deaths the Jews encountered, the loss of faith increased. They began to question, â€Å"For God’s sake, where is God? (Wiesel 65)† and when they felt as if there was no God they then â€Å"Have more faith in Hitler than in anyone else (Wiesel 81)†. The deaths in German were kept quiet and the Jews that were killed had lost faith in God.

Building a ‘Beauty Brand’ Veet India

Building a ‘Beauty Brand’ Veet India Beyond Hair Removal Executive Summary The solution attempts to address the transition of Veet from a hair removal brand to a true beauty brand. Starting with a study of the depilatories market in India and Veet’s growth over the years to create a platform, the results of the primary research have been presented. The primary research was a combination of questionnaire based research and PAPIs (paper aided personal interviews). The brand awareness of Veet was measured through both recognition and recall of the brand. The salience for the competitor brands like Anne French and Fem were also analyzed. Responses were gathered to identify the preferred usage locations of hair removal products. The product attribute associations, both positive and negative, were measured. An assessment of the brand personality was also undertaken by means of projective market research techniques. A combination of the strong functional values along with the emotional benefits was used to identify the key categories that were suited for brand extension. Elimination of product categories were based on reasoning related to inappropriate associations as well as data on market dynamics achieved from secondary research. Finally, three extensions in two phases have been proposed with a market potential study for each. Highlights of the communication strategies have also been proposed. The recommended strategy aims to initialize the transition of Veet as a true beauty brand in the coming years. Contents Executive Summary2 Introduction3 Hair Removal Market in India3 Veet in India6 Veet Brand Image6 Primary Research amp; Data Analysis7 Research Overview7 Data Analysis8 Brand Equity, Brand Personality amp; Possible Extensions12 Brand Equity12 Brand Personality Model12 PossibLe Extensions13 RoadmaP amp; Positioning16 Brand Extension plan16 Positioning In New Segments17 Conclusion19 Introduction Personal care sector covers segments like hair care, body care, baby care etc. In India this sector is currently valued at around INR 320 billion and is posting robust growth year-on-year. Veet is player in the niche depilatories segment within this market. Hair Removal Market in India Hair Removal or depilatories segment in India is relatively niche segment. It is valued at around INR 4 billion which means its contribution to the personal care market is a modest 1. 27%. While the market size is small the segment has tremendous potential and has been seeing robust growth year on year. As seen above, the segment was a ‘late bloomer’ showing exponential growth in 2004-05 and in 2006-07. Over the past few years year on year growth has stabilized around 19%. To better understand the nuances of this segment one must look at target consumer segments as well as the competing brands in this space. Brands in Depilatory Segment The brands dominating this segment are: Anne French dominated this category as the first mover and the only player for almost 4 decades. Anne French’s product positioning was primarily functional showing usage and highlighting product attributes. The entry of Veet in 2004 changed the face of the market with player moving from product centric, functional adverts to emotional benefits. Veet’s entry and new positioning strategy also explains the 60% y-o-y growth spurt in 2004-05. Currently Veet is the market leader in hair removal creams with a market share of around 34. 1%. Fem is the market challenger with its presence in hair removal creams and bleaching products. Target ConSumer Segments The penetration of hair removal products is relatively low with the young, single, educated and urban women being the prime users. * With a 68% category penetration there is enormous untapped potential in the segment. However this potential can only be realized with category expansion. * Increasing urbanization and more women entering the main stream white collar work force Growth in consumer base is on the cards

Corporate Goal of Maximizing Shareholder Value Essay

Corporate Goal of Maximizing Shareholder Value - Essay Example Enhancing shareholder value cannot be stretched beyond the limits that start breaching the fundamental requirements of corporate governance. Ireland (1996. pp289) established an empirical generalization that the legal existence of the company and the shareholders is entirely separate. Although acts like Sarbanes Oxley in United States have made the leadership of the organization (CEO or CFO!!) legally responsible for the accuracy in accounting statements, many countries around the world still lacks such acts. Moreover, the act does not make shareholders responsible always because in many companies the shareholders do not sign on accounting statements or manage the company operations. Sundaram and Inkpen (2004. pp353) argue that the shareholder value maximization should be considered after all the liabilities of the corporate has been fulfilled - including incentives of managers, contractual liabilities, payments of dividends, principal & interest payments to bond holders, supplier du es, wages, salaries, etc. The net value addition in shareholder wealth needs to be taken care of after all such liabilities have been fulfilled that can be effectively managed through corporate governance. ... ffective corporate governance are conflicting objectives and hence need to be managed by different individuals to reduce the risk of conflict of interest. The non shareholding stakeholders should be engaged in corporate governance whereas the shareholders should be engaged in wealth maximization and the both parties should have a congenial environment to resolve conflicting situations. These roles should be normally fixed in support of the argument by Sundaram and Inkpen (2004. pp355) that the transition from non-shareholding stakeholders to shareholders is easy but vice versa is very difficult. Example, a CEO practicing effective corporate governance should be kept out of shareholding otherwise the conflict of interest scenarios will happen. Non shareholding CEOs will not indulge into high risk taking attitudes in the attempt to maximize shareholder wealth that may lead to the corporate failing miserably in meeting their obligations and the backfiring on shareholder wealth leading t o complete crash. The meltdown of organizations like Lehman Brothers is an ideal example of failure of control procedures on risk taking attitudes. To what extent the objective of shareholder maximization is constrained by agency theory Agency theory is an important aspect of corporate balancing acts given that individuals will divulge into those actions that maximize their personal utility. This forms an excellent baseline for creating a balance between shareholder wealth maximization and corporate governance. The current financial crisis that we are witnessing is the result of stretched risk appetite in the attempt to maximize shareholder wealth to the largest possible extent. Denis & Denis (1999. pp1072) presents the influence of agency theory on risk taking attitudes of corporate

Pollution Control Policy Essay Example | Topics and Well Written Essays - 1250 words

Pollution Control Policy - Essay Example Proponents and opponents of air pollution control policy now accept the protection of the public health as a political reality. The need for clean air is considered to be "a uniformly agreed-upon problem" or a "valence issue" (Baumgartner and Jones, 150). Nobody can be against the public good of clean air. Despite general agreement of the public, legislators, regulators and the regulated that clean air is important, many urban areas in the United States struggle to meet national air quality standards as the EPA continues to set stricter emission thresholds. The EPA has tracked emission levels of six criteria pollutants deemed harmful to human health - nitrogen dioxide, ground level ozone, sulfur dioxide, particulate matter, carbon monoxide, and lead - since 1970. However, the persistence of the ground level ozone pollutant (commonly called either smog or ozone) troubles those who wish to protect the public health. The adverse health effects of acute and chronic exposure to ozone are more fully documented each year. While levels of some criteria pollutants (i.e. lead and carbon monoxide) have declined significantly, levels of ozone and particulate matter have not (Smith, 29). The EPA determined in 1997 that 122 million Americans, or 46% of the population, lived in smog-plagued areas (D oyle, 348). The EPA reported in 2004 that 112 million people across the nation still lived in 68 metropolitan areas classified in nonattainment of the national air quality standard for ozone. Regulators describe long-term exposure to ozone levels above the threshold set by law as extremely hazardous to human health (Smith, 34). From the critical perspective, there is a pressing need to establish radically new air pollution control policy. Contemporary business practice provides some important patterns in understanding policy new direction. It is evident that due to growing compliance costs, environmental expenditures have begun to play a major role in the policymaking decisions of companies. As a result, the environment is increasingly being used as a strategic tool to reduce cost and increase competitive advantage. Adequate and effective air pollution public policy should be largely based on firms' strategic needs to economize and being competitive. BACKGROUND: CURRENT POLICY FAILURE The continuing political controversy surrounding compliance with the provisions of the Clean Air Act suggests that the problem of national air pollution control is not going away either quickly or easily. Solutions to this challenging policy problem often appear partial and ineffectual. Four reasons for impaired policy effectiveness are suggested. First, the way in which federal regulators define and measure compliance with the law may not achieve consensus among the disparate participants in the implementation process. Even when participants do work together, gamesmanship among players who do not see themselves as equals on a level playing field may interfere with moving toward the same goal. The lack of consensus may continue until all the key players hold to some expectation of a common outcome (Bardach, 85). A second reason policy effectiveness may be impaired is due to the many participants in the fragmented federal hierarchy who represent multiple decision or veto points in the

Revised proposal Essay Example | Topics and Well Written Essays - 500 words

Revised proposal - Essay Example Environmental conservationists, however, argue that the coastline is heavily populated and, therefore, any oil or gas spill would cause immense destruction to the environment and would negatively affect the individuals residing on the shores of the state. Sustaining the governments move for exploration, the US secretary of the interior supported the governments efforts, claiming that the expansion plan took into account a balanced perspective towards gas and oil exploration and development. He lamented that the governments approach would protect areas that were too delicate to explore. In the recent past, the US government has come under immense pressure to stabilize the ever growing demand of oil and stabilizing oil prices and at the same time balancing the governments aspiration to fight climatic changes and protect the environment against pollution. Environmental analysts feel that more exploration in Georgia and other areas will open up the region to unhealthy and dirty fuels. They feel that these explorations will expose American coastlines to dirty fuel development practices, and such practices will pollute the coastlines and negatively affect American civilians. Stressing the governments intention to further increase oil and gas supply, the White House lamented that it would preserve more land, approximately 10 million acres of land for additional oil explorations in Alaska in the near future. Arctic drilling would still carry on while also expanding additional explorations in the most resourceful Gulf of Mexico region. The oil and gas policies as proposed by the US government shows a bigger effort by the US administration to maintain the current Americas energy demand while also replicating down on legislations purposed to give protection to the environment and the unique ecosystems. Adding the gas and oil permits in the eastern side of the country, the governments proposes an enlarged lease in the densely

History of Architecture Essay Example | Topics and Well Written Essays - 1750 words - 1

History of Architecture - Essay Example It will also reveal innovative new building technologies and strategies that can help and restore the viability of a natural cycle (History of architecture, 12). This essay will also touch on the main functions of a shelter and how humans have continuously adapted to differing environments through an amazing diversity of structure. Humans are required to live harmoniously with each other for future growth of the environment. This essay will discuss the nature of dwelling (from the urban scale to the â€Å"home†) in the built environment from the 18th-21st centuries, putting into consideration the scale of the city and the individual or multi-family dwelling. In addition, this essay will describe the design global and the local-built environment from the 18th-21st century and what were happening during the age of reason or enlightenment period, the modern period, and the postmodern period. The traces that are found in caves makes us believe that early humans were living in cave s. The bones they gnawed, even their own bones, and the flints they used were creped around for ever in a cave but get scattered or demolished somewhere else. Caves were winter shelters, and none wished to remain inside on a summer day. This is similar to the response that our ancestors portrayed. The right to travel extensively for the goals of hunting as well as gathering called for the need for at least a short-term shelter. The demand for shelter brought about the beginning of architecture (Pryce, 19). The early human needed a shelter against rain and sun hence they would lean some protective shields, for example, they used leafy branches against the trunk of a tree. Traces of early dwellings that can be counted as reliable were found for as early as 30,000 years ago. The circular or oval ring of stones together with the local materials that was used to act as a tent-like roof was enough evidence that the early humans practiced architecture. An encampment from 25,000 years ago h as been at Dolni Vestonice in Eastern Europe. The evolution of architecture shifted form tents to round houses by around 8000 BC. By 6500 BC, human beings lived in houses with straight walls, which had windows. From the 5th to the 2nd millennium, the construction of Stone Age graves and temples was acquired, and it became common. Multi-family dwelling also known as a multi-dwelling unit or multi-family residential is a categorization of the housing element for the non-commercial populace is contained within one or several building within one complex (McIntyre et al, 15). One common form of a multi-family dwelling is an apartment building. In some cases, multi-family dwelling building is owned individually instead of leasing from a single apartment building owner. There are different types of multi-family dwelling. These include two flat, which is commonly built on a house lot. The second one is a three flat which is similar to two flat, but it contains three flats; they are most com mon. Another type of multi-family dwelling is a four flat apartment (Graff, 17). Duplex or semi-detached - one building, which consist of two houses, townhouse – this is a type of house that is attached to townhouses. There is also the apartment, mixed used building, and apartment community. A one-family dwelling might be referred to as a semi-detached housing. In this case, each unit is separate from another. This makes it easier to sell the

Neo-Localism in Texas Article Example | Topics and Well Written Essays - 250 words - 1

Neo-Localism in Texas - Article Example In these micro-breweries, the style of making beer is similar to that used in the United States up until the mid-1800s, whereby top-fermenting yeast was used to produce ales, stouts, and porters (Flack 199). Â  According to Flack, one such microbrewery is the Spoetzl Brewery in Texas, which survived the effects brought about by the globalization of beer, and until today continues to produce local ales for the Texas community (201). The character of the town of Texas, the people, and the Spoetzl Brewery are inextricably linked, a link that has been there for over 75 years. This link is exemplified by the fact that most employees have worked in the brewery for over 20 years, and the Shiner High School anthem is about the brewery (Flack 204). Â  Apart from the brewing industry in Texas, there are other industries that have also demonstrated a sense of neo-localism. The food festivals in Texas symbolize a historic connection between the food item and the cultural identity and geography of the town of Texas. For example, in April, the Dallas-Fort Worth Metroplex (DFW) celebrates a food festival in form of a three-day long street party in which indigenous food, music, drinks, art, and many more are on offer for free. This food festival is an effort to shift Away from global practices and focus on the uniqueness of Texas, particularly the culture of DFW. Â  

Source of finance Assignment Example | Topics and Well Written Essays - 1000 words

Source of finance - Assignment Example t, CLA Charitable Trust, Peter Bilton Charity, Peter Harrison Foundation, Steven Gerrard Foundation, Rank Foundation Small Grants and Trusthouse Charitable Foundation. The major sources of funding for the disability sports in the United Kingdom are Sport England, National Lottery Fund and the Big Lottery Fund. Funding for sports is mainly done through the Sport England. Sport England is an organization that monitors and controls sport activities in the United Kingdom. Most of the sport funds that finance sport activities in the United Kingdom pass through the Sport England. The organization has a number of programs that are applicable to different applicants requiring funding for their sport facilities. First, Sport England has the Inspired Facilities fund of 110 million pounds that offers funding of sport facilities up to 150000 pound grants for development and upgrading of sports facilities. The Inspired Facilities fund mainly aims at improving and refurbishing sport clubs and transforming non-sporting spaces or venues into modern sport facilities. The disability sport project is an eligible project that can be funded by the Inspired Facilities fund from Sport England. Focusing on the disability sport building project that requires 9 million pounds to be completed, the management of the project can apply for the Inspired Facilities grants thus receiving a funding of approximately 1500000 pounds (Sport England website updated 2015). Sport England provides funding for disability sports through the Strategic Facilities Fund program. Sport England has allocated 30 million pounds of its budget to the Strategic Facilities Fund that ensures that local sports projects acquire specific facilities they require in the development and innovation of the sports facilities. The Strategic Facilities Fund offers grants ranging from  £500,000 to  £2,000,000. The Strategic Facilities fund may fund the disability sport facility project  £2,000,000 (Sport England, 2014). Sport

Make a website Essay Example for Free

Make a website Essay This is an output device which prints onto paper whatever are you require to be outputted it produces them as hard copies. Printers are designed to produce hard copies at a very fast rate many printers are able to print at the rate of 30 hard copies in 30 minutes. Laser Printer This machine produces high quality text and graphics hard copies at a very rapid rate they are able to print around 12 000 hard copies in an hour. Laser printer do not use ink cartridges they use toner instead due to the size of the machine and it is designed to print many hard copies at a rapid. Advantages. Prints hard copies very rapidly.   You get very good quality. Toner last a very long time. Disadvantages   Takes up a lot of space. Very expensive to buy. p2. tech. re4. yahoo. com/ /153285 Inkjet Printer This printer which works by dots it drops the ink onto the sheet of paper to create a hardcopy. This printer works by propelling small ink droplets onto sheets of paper. Ink jet printers use one of these types of technology: thermal, piezoelectric, and continuous. They all produce different quality of prints. Advantages   Produces very good quality hard copies.   Is very easy to use. Cheap Disadvantages Is slow doesnt print very quickly   Can break very easily not a very stable machine.   Not good for big business or large amounts of prints. www. cyberindian. net/ / Scanners- the scanner will be used to scan images into the computer for the website This is a machine which copies information into the computer for you to see on the Monitor. This device converts an image into a pattern of dots for the computer to understand and be able to store, it can convert images and text. Advantages   Very useful if you want to view your images on the Monitor. Cheap and easy buy. Disadvantages   Not always very good quality, the image is not very clear.   Quite big can take of space. Can take a while to scan images or text. www. photokina-show. com/news/epson/PERFECTION Digital Cameras- the digital camera will be used for taking pictures which will be uploaded onto the website This is a device which captures an image of what you are looking at through a lens. A light-sensitive pickup pipe or chip to adapt visual indicator into electrical impulses. Advantages   You can see the picture straight away.   You can delete and edit the picture. You dont need a film you can have unlimited amounts of pictures. Disadvantages   Can be expensive to buy. Run out of battery very easily. thecamerabloggers. com/ Graphics tablet- the graphics tabley will be used to draw images for the website This is a piece of hardware which lets you draw things with a pen and appear on the monitor It is an input device which works just like pen and paper however your image is transferred onto the computer. There is a flat base which acts as your sheet of paper this is called the tablet it is connected to the computer so that the image that you draw appears on the screen. The pen acts as your pencil used for drawing the image you create on the tablet appears on the monitor. Advantages   Lets you have images how you wan them to be.   Very good for drawing images. Disadvantages   Very expensive to buy and find.   Can lose pen very easily as it is not attached by a wire.   Can be hard to use. You do not always get what you want. www. logo. com/cat/view/volito-tablet. html Speakers- the speakers will be for the sound effects used on the website This is a piece of output device which allows you to be able to hear whatever you require to hear. It converts electrical signals into to sound signals which you hear through the speaker. Sometimes can be referred to as a loud speaker. Advantages   Hear sounds or anything spoken   Cheap and easy to use. Disadvantages Can break very easily.   Not designed for long-term use. www. global-b2b-network. com/b2b/96/97/519 What I will use and why Mouse I will use a optical mouse because a tracker ball can take some time to understand how to use were as a optical mouse is very easy to use as this is the most widely used mouse. I choose an optical mouse instead of a roller ball mouse because it can break easily due to its weak structure and the ball can get clogged up with dirt so it would not be very long lasting. This is why I have choosen to use an optical mouse. Keyboard I have choosen to use a QWERTY keyboard over a DVORAK keyboard for one main reason that it is much easier to use compared to a DVORAK keyboard which would take time to learn how to use. Another reason was that QWERTY keyboards are much easier to get hold of compared to DVORAK keyboards which also can be very expensive to buy. Monitor I will use a LCD monitor over a TFT-LCD because LCD monitors give much better quality than TFT-LCD monitors. Also a TFT-LCD is expensive so if stolen I there will be a great deal of money loss. It also can be much more easily broken compared to a LCD monitor. Printer I will use a laser printer instead of an inkjet printer because laser printers are capable of doing many prints at a very high quality rate. Also they are much more long lasting compared to an inkjet printer which would save me having to but a new printer every few months. Other pieces of hardware I will use a Digital camera instead of a graphics tablet. This is because with the graphics tablet I will only be able to draw very basic things which would be very well suited for a website. However with a camera I can capture very good quality pictures for a website which will look much more professional. I will also use a speaker for sound effects on my website as it will make the website appear more professional and an excellent feature.

Capital Market Development Behavior Share Price In Nepal Finance Essay

Capital Market Development Behavior Share Price In Nepal Finance Essay The title itself justify the importance of the research for the finance degree, however, the previous research done in this filed in Nepal is not satisfactory. This is the reason that made researcher to do some research in this topic hoping the conclusion made would be beneficial for investors and fill the gap between the researches. Financial markets can also be defined as the centers or arrangements that provide facilities for buying and selling of financial claims and services. And the role of financial system in economic development has been a much-discussed topic among economists. Financial markets perform four important economic functions. First, they enable individuals to choose more effectively between current and future consumption. Borrowing enables individual to consume more, whereas leading enable them to postpone consumption. The economic units that have a surplus (investors) invest in those that have deficit (borrowers). This provides capital to companies in excess of those generated out to business income. Second, the interaction between buyers and sellers in a financial market determines the price of the assets, or alternatively, the return demanded by investors to invest in the company. Firms can raise further capital if the return on their investments exceeds the return demanded by investors. Third, financial markets provide liquidity to investors. That is, the owner of the financial asset can sell off the asset in the marketplace to realize cash whenever required. The degree of liquidity may vary from asset to asset and market to market. Fourth, financial markets can discipline under-performing managements. The prevailing stock price of a company reflects the opinion of all market participants regarding the outlook for the company under the current management. The financial market consists of two division- money market and capital market. The money market is basically entitled to supply finance on short-term basis to individuals, businesses, enterprises, government and their agencies. The capital market, on the other hand, provides finance on medium to long-term basis to corporate bodies, government and their agencies (Al-Faki, 2006). Capital Market plays a crucial role in any modern economy as they allow investors fund to flow to the most promising opportunities, i.e., the funds are mobilized and channeled efficiently from savers to the users of funds Developing more complete and deeper capital market would enhance a countries growth potential and innovation (Andritzky, 2007). The forces of globalization, technology, new forms of competition have noticeably transformed capital market worldwide (Hassan, 2004). Money market may be defined as short-term financial assets market, which facilitates liquidity and marketability securities. Actually it is the market for short-term market instrument having less than one-year maturity period. The fluctuation of money market interest rates reflects the demand and supply of funds in competitive market. The development of an efficient money market requires the development of institutions, instruments, and operating procedures that facilitate widening and deepening of the market and allocation of shot-term resources with minimum transaction costs and minimum of delays. Thus, the money markets are the markets for short -term, highly liquid debt securities. Capital markets provide an effective way of procuring long-term funds by issuing shares and debentures or bonds for corporate enterprises and government and at the same time provide an investment opportunity for individuals and institutions (Adhikari 2004). Thus, the market place for these financial securities is called securities market which is further subdivided into the primary and secondary market. The former market denotes the market for newly issued securities to the public whereas the latter market refers to the market for secondhand securities, traded previously in the primary market . Capital market plays a vital role in the national economy. It renders very valuable services to the community by increasing the productive capacity of the country there by accelerating the ace of economic development. In short, the growth of economy is tied with the growth of capital market in the country. Capital market facilitates the allocation of funds between saver and borrowers. This allocation will be optimum if the capital market has efficient pricing mechanism. If the capital market is efficient, the current share prices of companies fully reflect available information and there is no question of share price being under- priced and over-priced. The phenomenon of under or over-valuation of shares is possible only in an inefficient capital market. As the capital market is concerned with long- term finance, in the widest sense it consists of series of channels through which the saving of the community are made available for industrial and commercial enterprise and public authorities. It is mainly concerned with those private savings, individuals as well as corporate; those are turned into investments through new capital issues and also new public loans floated by government and semi government bodies. In the capital market demand comes from agriculture, industry trade and government while supply comes from the individual or corporate savings, intuitional investors and surplus of governments. It comprises the savers- individuals and institutions and bodies through which these savings are mobilized. The saving instructions like banks, investment companies specialized financial corporations and stock exchange are some of the important constituents of capital market. An efficient capital market is an essential pre-requisite of economic development and the development of capital market in a country is dependent upon the availability of savings, proper organization of intermediary institutions to bring the investors and business ability together for mutual interest, regulation of investment etc. In an efficient capital market, liquid will channel quickly and accurately where it will do the community best. Such efficient market provides ready financing for worthwhile business ventures and drain capital away form corporations, which are poorly managed, or producing obsolete products. It is essential that a country should have efficient capital markets if that country is to enjoy highest possible level of wealth, welfare and education for its population (Bhalla, 1997, cited by Dangol 2008). Growth of industrial enterprise in a country is limited by the availability of savings. A well-developed capital market presumes the existence of not only the investors individual and institutional, but more significantly the existence of a network of specialized institutions and agencies, which are always on the look out for investment in new ventures. Purpose and Scope Development of capital is must for a sound industrial development of the country like Nepal where more than 85% of capital is raised from stock market. Stock Market are the catalyst for enchancing the operations of the entire domestic financial system and the Capital Market in particular (Kenny and Mosh 1998 cited by Obiakor and Okwu (2011). Capital market institutions help to mobilize the surplus unit to deficit unit for productive investments. As it mobilize the scattered resources and channels them in productive sector. It is an effective instrument of expanding productive capacities of the country. In Nepal, unfortunately, despite a history of half decade of planned economics activities to develop real sector of a country, little attention was paid to the development of financial sector. Over the past one and half decade financial sector, despite many problems, has developed significantly in Nepal. The growth of stock market is remained satisfactory because of low priority in the government financial reform policies. Stock Exchange in many countries has a long history of more than one century. For e.g. the India stock market has a history of more than 130 years. The stock exchange of Nepal has not so long history and it has faced so many ups and downs during this short history. However, gradual improvement in infrastructure and policy has given strong fundamental base for the Nepalese Capital Market. Establishment of NEPSE has given an opportunity to investors to invest in the enterprise sector and participate in the secondary market. Behavior of the stock prices shows the misevaluation of the stock price in the secondary market. The price earning information was not made available timely to the investors. The investors could not identify the good and bad stocks. So, the lack of value judgment to determine the stock price is the serious problem of the Nepalese stock market. This happens due to the inability of the regularity bodies of the stock market to regulate the market mechanism and failure to win the faith of the investors In the Nepalese context, there is the lack of wider investment opportunities, which provide good return. So, there has still been a huge amount of unutilized saving funds with public. But most of the public investors i. e. existing and potential are not well knowledgeable about the real financial strength and weakness of the public companies in which they are investing or going to invest their funds. Further they cannot well analyze and interpret the real financial position of a company on the basis of available data and information to reach the right conclusion. This study may help investors to think about restructuring their investment portfolio. Similarly potential investors may take better timely investment decision on the basis of the findings of the study. Capital market provides investors good investment opportunity with fair return and instant liquidity with minimum risk of loss it helps to mobilize financial resources for the investment in development project and thereby helps economic development of the country. The stock market also imparts liquidity to the securities holder. This offers an opportunity for investors to invest in long term venture, while market also enables to convert their securities into liquid cash before the maturity of the project. Furthermore they can invest their current income against their future income thereby achieve their time preference of consumption. The liquid market also promotes the primary issuances of share because investors participated in the issuance of share markets can get back the fund easily. The primary market is positively and highly elastic with the stock price and liquidity in the secondary markets. Usually the price of common stock in primary market is par value but in secondary market may be any price i.e. more than par value, less than par value and equal to par value. Stock price in secondary market is the main issue of this study. What could be the reasonable price paid for a stock in secondary market? What is the impact of the price trend, volume of stock traded and, Do the investors see the price trend, volume of stock traded and, others views while making investment decision? These are the burning issues regarding stock price determination of secondary market in Nepal. Capital market provides investors good investment opportunities with fair return and instant liquidity with minimum risk of loss. The stock market also imports liquidity to the security holders. Research Aims, Questions and Hypothesis The dissertation tries to help to create the importance of capital market and movement of share price. Efficient Market hypothesis assumes that investors behave on the same way as they get information from the market. To do justice with the study following aims and questions have been set as the predetermined requisition. Research Aims The aim of this research is to find out whether developed Capital Market brings any significant changes in share price and thereafter effect in NEPSE index. Research Questions What are the present state and status and elements that affect NEPSE index? Does developed Nepalese Capital Market follows the price behavior theories? Can financial literacy helps to create developed Capital Market? Research Hypothesis The dissertation formulates the following testable statement: H0: Capital Market has not developed in Nepal H0: There is no difference between NEPSE index before and after signaling factor H0: The successive or lagged price changes are independent Research Objectives The prime objective of the study is to analyze the movement of stock market and the effect of share price of sampled companies. However, the specific objectives of the study are as follows: To analyze the development /growth of Nepalese Capital Market and to examine if investors awareness help to develop capital market. To examine sector wise overall movement of NEPSE Sensitive index to find out risky sector To analyze the signaling factors and impact on stock price with the help of NEPSE index To analyze price behavior theories based on estimated multiple regression analysis and run test. Title Capital Market Development and the behavior if Share Price in Nepal Research Gap Although some very valuable researches in the field of Capital Market have been done so far, there is still a great deal of opportunity remained for researchers in the field in this area to explore and identity new facts and figures about the immature stock market of Nepal. This study will analyze the stock price determinants of common stock in secondary market of Nepal. Usually the price of common stock in primary market is par value but in secondary market it may be in any price. The price of common stock is largely influenced by different market related factors. Most of the studies on share price behavior conducted in the context of Nepal were based on secondary sources of information only. No study has been conducted on price fluctuation of stock price by using share brokers and individual investors as primary sources of information. There was a need to conduct a survey with the share brokers and individual investors who are the major stakeholders of the stock market, in order to find out more subjective facts on share price behavior, which cannot be testes through the use of the primary source of information. The earlier studies were done only in theoretical manner regardless of what the real market is going through while this study is analyzing the real market scenario like the impact of capital gain in the market or the impact of global recession on the Nepalese Security market. Nowadays, Nepalese share market has entered to the new horizon. Its size and market capitalization are growing day by day. New Bye laws are being established to control stock market price. But it is clearly realized that share prices are fluctuating abnormally. If earning, dividend and net worth are taken as the main determinants of price fluctuating, then why the share prices are increased without the increment in such factors. Therefore there is still lack of appropriate researches to find out the causes of volatility of share price in Nepalese share market. Therefore, this study is analyzing the various reasons on the fluctuation of price trend and the cause and effect of different signaling factors over stock price. In addition to this, it also tends to give some measures that should be taken by related parties to develop the Capital Market. Thus, the earlier studies on share price behavior needed to be updated and validated because of the many changes taking place in the stock market in Nepal. This study is an effort to attempt in the same direction. Chapter 2: Capital Market: Global Perspective Modern capital markets have two related parts: (1) the debt and equity markets that intermediate funds between savers and those that need capital, and (2) the derivatives market that consists of contracts such as options, interest rate, and foreign exchange swaps, typically associated with these underlying debt and equity instruments. The debt and equity markets help allocate capital within an economy. The derivatives market helps investors and borrowers to manage the risks inherent in their portfolios and asset/liability exposures (Dudley Hubbard, 2004) In the United Kingdom and in the United States, both of these parts have grown very rapidly over the past few decades. The capital markets in the United Kingdom and the United States dominate these countries financial systems, in marked contrast to France, Germany, and Japan, where banks are more important. Regardless whether one examines the UK or the US over time, or compares the performance with other developed countries on a cross-sectional basis, the conclusion is unmistakable. Capital markets have been the driving force behind the development of the UK and US financial systems. In the US, the capital markets have become the dominant element of the financial system in three ways. First funds raised in US debt markets now substantially exceed funds raised through the US banking system (McKinsley company, 2011) Second, more 36% of US households owned equity in some form ( The Big Picture, 2012) Third, the derivatives market has grown extraordinarily rapidly. The notional value of derivatives securities outstanding rose to $244 trillion September 2011(Mann,2011) from about $6.7 trillion at year-end 1990. Intrest rate swaps has an estimated of 82.1% of derivatives representating the biggest share of this market 10.6% in foreign exchange rate swaps, 6.1 % in credit derivatives, and 1.2 % are in commodities and equity contracts(Comptroller of Currency Administrator of National Banks, 2012) Figure look at PC Source: The Big Picture, 2012 . The global capital market is gaining depth every day. Along with the development of this market, the liquidity is also growing at a rapid pace. financial stocks are growing worldwide and their growth rate is much higher than that of global gross domestic products (AllianceBernstein,2012)   Capital market represents the securities market where stocks, bonds, and several other derivatives are traded, and both long and short-term debts are raised here. This market provides companies, as well as governments with necessary funding, and, simultaneously, grants investors with the opportunity to make regular income (Dodoo,2007).   the size of stock and bond markets around the world in August 2011, shows that global capital market has reached all time high with $ 212 trillion of which about 75% consists of bonds ($175 trillion) and about 25% of stock ($54 trillion) ( McKinsley company, 2011) and the total derivatives has reached to $700 trillion at the end of August 2011(Mann, 2011) The development of the global capital market can also be traced by the fact that the financial holdings of the world is growing quickly. The global stock of debt and equity grew by $11 trillion in 2010 (McKinsley company, 2011) and this amount is expected to cross the $250 trillion mark before the end of 2015 (finance, maps of world, 2012), where as the value of the global market increased by 5% in 2010 to $ 54.9 trillion following a 45% rise in the previous year (Maslakovic, 2011) separate data from SIFMA, puts the US bond market at just under $37 trillion (63.4%) as of the end of 2011 and Bloomberg puts US stocks at about $ 21.4 trillion (36.6%) by the end of April 2012 ( qvmgroup,2012). In these circumstances, the US is playing a vital role in the development of the global capital market and, alone, is the destination of 85% of the net capital flow of the entire globe. Britain also plays a significant role in the market. (McKinsey Company, 2011) Development of capital market Market capitalization of listed companies (% of GDP) Picture lookat PC Source: World Bank 2012 and the Author Capital Market: Asia In the past few decades, Asian countries have experienced a tremendous economic growth, although temporarily interrupted by the Asian financial. Along with the strong economic growth, capital markets in this region have shown a rapid expansion, and have played an increasingly important role in fostering economic development (Hsu, 2000). Hsu further explains, Asian countries have enjoyed abundant savings. Some countries in this region have domestic savings rates of more than 30 percent. In no other regions in the world do countries have such large reservoirs of domestic savings at their disposal. Asians high savings rates have provided the platform for robust capital markets. While Asia has been preoccupied with economic recovery and financial reforms over the past few years, the economic structures of most Asian countries have been gradually modified, and their capital markets are also in the process of transformation. Along with these changes, several key trends are emerging in the regions capital markets. First of all, Asian capital markets are expected to continue to grow and their market capitalization is expected to increase further, as the Asian economy is expected to recover steadily and require increasing capital to meet its investment needs. Also, in some Asian countries, technology-intensive industries have developed rapidly and hence a large sum of capital is needed. The acceleration of privatization programs will also increase market capitalization in this region. The floatation of large state-owned enterprises will generally be the largest new issues on Asias stock markets. In addition, because of easier practices for companies to go public, IPO ¼Ã‹â€ initial public offering ¼Ã¢â‚¬ °issues will flourish and increase market capitalization further. The world of investment is set on a path of rapid change cutting across culture, time and language barriers. We are looking at a new era of deregulation and the standardization of the regulatory environment, together with the introduction of international accounting standards (Takaya, 2000). However there is an argument that asias capital market is no expection to Global markets as it had a risk off 2011. Investors search for safe havens has left Asian market in a muddle state with equity capital volumes slumping to lows not seen since 2009 (Keohane, 2011). Equity Capital market (ECM) in Asia (excluding Japan) have had a dismal fourth quarter so far, rainsing just $22 billion, their worst result since the first quarter of 2009($14 bn) and year to date, ECM volume is down 44 percent from 2010 issuance of $291.1 bn to just 162.4 bn (Keohane, 2011) Picture look at PC Source : Dealogic cited by Keohane, 2011. Capital Market: Nepal Institutional development of securities market in Nepal started from the year 1976 when Securities Exchange Centre (SEC) was established under the companies act with the joint capital contribution of Nepal Rastra Bank Nepal Industrial Development Corporation. The Industrial Policy of the government also encouraged the promotion of securities exchange activities in Nepal. Nepal government under a program initiated to reform capital market converted securities exchange centre into Nepal Stock Exchange (NEPSE) in 1993. NEPSE is non-profit organization, operating under Securities Exchange Act, 1983. Nepalese capital market was given proper structure in June 1993 with the establishment, SEBON as the market regulator. Since its establishment, SEBON has been concentrating its efforts on the legal and statutory frameworks, which are the bases for the healthy development of capital market. SEBON Nepal is the supreme body to regulate the Nepalese securities market (Bhusal 2010, Gurung 2004 and Dangol 2008). As a part of its continuous efforts to build a sound system, the securities exchange act, 1983 was amended for the second time on Jan 30, 1997. This amendment paved the way for establishing SEBON as an apex regulatory body as it widened the horizon of SEBON by bringing Market intermediaries directly under its jurisdiction and also made it mandatory for the corporate bodies to report annually as well as semi annually regarding their performance. After the inception of the Securities Exchange Center, shares of various manufacturing, trading and banking companies became listed. Interestingly, the listed shares were dominated by public enterprises during this stage. Between 1984 and 1990, 42 companies were listed, out of which more than 25 companies had some form of government ownership (Bhusal 2010, Gurung 2004 and Dangol 2008). However, after the democracy the trend has totally changed and the listed number of companies reached at 207 by the end of Fiscal Year (FY) 2010/2011  [1]  , while the government ownership companies had decreased due to the privatization that took place in different planning stage of privatization act. The main objective of SEBON is to promote and protect the interest of investors by regulating the securities market, to monitor and control the entire capital market, sale and distribution of securities and purchase, sale or exchange of securities. SEBON was established with the objective to render contribution to the development of capital markets by making securities transactions fair, healthy, efficient and responsible. Whereas, its main function are to provide licenses to stock exchange and securities business person and to monitor the activities carried by NEPSE to know if they are in accordance with the law or not (SEBON Annual Report 2010/11) Despite this, Nepalese stock market is still underdeveloped and there is lot of shortcomings in Nepalese stock market. Hence, the present study is conducted on Nepalese stock market in order to find out its potential of development, major problems and prospects by using secondary as well as primary data. Karla (2006) defines capital markets as the market which specializes in giving long term loans to the industry. In broad sense capital market incorporates intermediary institutions, capital formation, mobilization anf channeling of long term capital, as well as regulatory authorities. ( Obiakor Okwu, (2011). Alile (2007) calrifies that the capital market is made up of markets and institutions which facilitate the issuance and secondary trading of long term financial instruments. Aligning with this, Osaze (2007) simply sees it as the market responsible for long-term-growth capital formation. Ologunde, and Asaolu (2006) conceptualize capital a collection of financial institutions set up for the granting of medium and long-term. Further, they considered the stock market as single nor even a dual market but rather a network of specialized financial institutions which, in various ways, help to bring together suppliers and users of long-term capital fund. The capital market is one of the most vital areas of the economy as it provides companies access to capital, and investors with a slice of ownership in the company and the potential of gains based on the companys future performance( Ujunma Modebe,2012), The capital market is unique in a countrys financial system because of its peculiar role in the economy. Levine(1991) cited by (Ujunma Modebe,2012) identified these roles as: raising capital for business, mobilizing savings for investment, facilitating companys growth, redistribution of wealth, promotion of corporate govemance, creating investment opportunities for small investors, government capital raising avenue for development projects and being a barometer of the economy. Improving the efficiency of the capital market has become a recognized means of meeting national objectives such as etihancing productivify and competitiveness, reducing local environmental costs associated with capital market transactions, promoting savings and investment on economic wide basis (Mark, 2011). At intemational level, it is considered a key element of sfrategy to mitigate the risk of capital flight associated with lack of intemational investors confidence in the market. In this context, improving capital market efficiency in the developing and transitionhig countries is particularly important because these countries exhibit considerable potential for such improvement and, in the case of the developing countries, since they will contribute increasingly to the fiiture of the capital market as their economies grow (Ujunwa and Salami, 2010). On the other hand, The capital market is a collection of financial institutions set up for the mobilization and utilization of long-te rm ftmds for developing the long-term end of the financial system (Ologunge; Elumilade and Asaolu, 2006). In this market, lenders (investors) provide long-term funds in exchange for long-term fmancial assets offered by issuers. The market is an important institution for capitalist countries because it encourages investment in corporate securities, providing capital for new businesses and income for investors (Ujunwa, 2008). Capital Market Development Indicator There has been numerous research regarding to measure capital market development. Most of these research tried to like with economic development. Yet there is not any standardize indicator to do so. A study by Applegarth (2004) on levels of capital market development and economic growth in Asia and Sub-Saharan Africa shows that capital markets in Asia which continued to add several hundred companies to their exchanges annually experience sizeable increase in the momentum of private sector development, while the reverse was the situation in Sub-Saharan Africa that added fewer than 10 to their exchanges, except South Africa. Thus, using private sector development, liquidity. local savings, bank competition, remittances, corporate govemance, and enhanced economic policy as capital market development indicators, he showed that capital market development drives economic growth. Adeyemi (2009), using gross capital formation and number of quoted companies as measures of capital market development, found that capital market development has positive significant impact on economic growth. Basically, a more reliable measure of the relationship would need inclusion of appropriate stock market development indicators since, according to Obiakor Okwu (2011). on their study they included other indicator than mentioned above such as gross domestic product, value of shares traded, market capitalization, gross capital formation, and foreign private investment in the functional relationship. Udegbunam (2002), in an attempt to estimate the impact of openness to trade and stock market development on industrial growth in Nigeria for the period 1970-1997, related industrial output growth to openness to world trade, stock market development and a set of control variables in a simple model he adapted from the stock market and economic growth model formulated independently by various previous researchers done during 1995 and 1996. Udegbunams empirical evidence strongly suggests that openness to world trade and stock market development are among the key determinants of industrial output growth in developing economy. By implication, this translates to economic growth via sustained increases in GDP. However, he identifies other important factors as human capital input, non-military expenditure, and inflation. The variables included in his model were industrial output, stock market capitalization- GDP ratio. Non-military expenditure-GDP ratio, school enrolment, inflation rate, ma

Legendary Betsy Ross and the American Flag Essay -- American America H

Legendary Betsy Ross and the American Flag The American flag has long been a symbol of our country, but there have been certain doubts about its origin. No one really knows who sewed the American flag. The legend of Betsy Ross has been told many times, but some people look upon it as a myth, saying Betsy Ross never even existed. Betsy Ross was indeed a real person who lived in the 1700's, but no one can prove she actually sewed the American Flag. Betsy Ross did not have an extremely interesting childhood. She was born Elizabeth Griscom on January 1, 1752, to a Quaker couple. Her father's name was Samuel Griscom, who worked as a carpenter. The Quakers were "members of the religious society of friends." (Comptons 1). She lived in Philadelphia, and attended a Friends School while growing up (Walters 335). Betsy Ross married three times, but her first marriage was to a man named John Ross in an upholstery shop where she was a seamstress at age 21. John Ross was the son of an Episcopal clergyman (Compton's 1). Their parents were against the marriage because John was not a Quaker, and so the two eloped together to Glouchester, New Jersey, on November 4, 1773 (Walters 335). After that, the Friends disowned her because she was married out of meeting. John Ross was a patriot. He owned an upholstery shop on Arch Street, Philadelphia. John, like many patriots served in the local militia. One December night in 1775 he was guarding astore of gunpowder when it exploded. He died January 21, 1776, after being severely wounded, leaving his widowed wife of three years behind with no children (Walters 335). After his tragic death, Betsy Ross continued the business alone. Betsy Ross married two other times. After John Ross's death,... ...rians believe that the story of Betsy Ross is pure fiction, but they do not know where the American flag could have originated from. The American flag is a symbol of our country, and it is sad that the legend of Betsy Ross cannot be proven. I believe that the legend of Betsy Ross will continue to be told to keep alive this piece of American history. Works Cited "Betsy Ross." Compton's Interactive Encyclopedia. CD ROM. 1996. Crouthers, David D. Flags of American History. Maplewood: C.S. Hammond and Co., 1962. Davidson, James W., and Michael B. Stoff. The American Nation. Eaglewood Cliffs: Paramount Communications, 1995. Seeden, Margaret. Star Spangled Banner. Washington D.C.: National Geographic Society, 1993. Tonn, MaryJane Hooper. You're a Grand Old Flag. Ideals Publishing, n.d. Waters, John J. "Betsy Ross." The New Book of Knowledge, 1991.

Foul Play :: essays research papers

It was late in the evening. There was a man sitting in a chair and flipping channels eagerly between two baseball games on TV. The man's name was Les Sutton. He was a towering man standing 6'3". He was built, worked out a lot and looked like someone not to meet in a dark alley.Les was a detective. His skills of deduction were brilliant. He also had an assistant. Les's long time pal and partner's name was Jason Meisch. Jason was also very tall but he was more lanky, built more like a basketball player. He was also extremely bright but not as intelligent as Les. Although Les was his best friend and the same age, Jason still looked up to him like little kids look up to adults, with pure awe and admiration.The next day after Les had been channel surfing for baseball games, he and Jason got together and didn't have anything to do. Being the huge baseball fans that they were and living in the state of California where baseball is everywhere, they decided to go to a ballgame. They figured that they had a long boring afternoon in front of them so they went down to Chavez Ravine (the place where the LA Dodgers play) and got tickets to the Dodger game that was scheduled to start in about 15 minutes.Les and Jason were enjoying the game while eating hot dogs and drinking pop. The Dodgers were winning by the score of 5-4. Just then, catcher Mike Piazza, let another pitch go by him. "What the heck? Piazza is playing terrible today. He has let 4 balls by him and struck out all three times he has been at the plate," Les said.Jason agreed, "Yeah, that is kind of weird. I mean, he's an All-Star. It's not like him to play like this." The whole rest of the game they sat in their seats wondering why Mike Piazza was playing so bad. When they got home they were watching the news. They had a funny story on about how in Las Vegas there was a lot of money lost on that game because the Dodgers lost 7-5. As they watched that story they both looked at each other and exclaimed, "Piazza threw the game!"They didn't have anything else to do so they decided to try to figure out who paid Piazza to throw the game.

Oprah Winfrey :: essays research papers fc

OPRAH GAIL WINFREY   Ã‚  Ã‚  Ã‚  Ã‚  Oprah Gail Winfrey was born on January 29, 1954 on a farm in Kosciusko, Mississippi to Vernita Lee and Vernon Winfrey. Her parents originally planned to name her Orpah, but the midwife made a mistake on the birth certificate. Up until the age of 6 Oprah lived with her grandmother. After this Oprah went to live with her mother and two half brothers in Milwaukee. Instead of living on a farm she now lived in the ghetto. While Oprah was living with her mother who gave her no supervision, she became out of control. Her mother Vernita could no longer handle her, so she was sent to Nashville to live with her father Vernon and his wife, Zelma.   Ã‚  Ã‚  Ã‚  Ã‚  Her father who was a barber became a city council member and was a strict disciplinarian. He demanded that Oprah add five new words to her vocabulary before she had her dinner each evening. Under these conditions Oprah became an excellent student. At the age of 16 she won an oratorical that guaranteed her a full scholarship to the University of Tennessee. After graduating in 1976, Oprah was offered a job from the ABC affiliate in Baltimore. In 1984, Winfrey and her producer moved to Chicago to liven up an A.M. Chicago Show. In 1985, the show was renamed the Oprah Winfrey Show. In 1986, She formed a Production company called Harpo Inc. (The name Harpo is her first name spelled backwards.) Oprah was not only a talk show host, she was an actress who played in various movies, which were: The Color Purple, Native Son, The Women Brewster and beloved Oprah’s Angel Network 5 ways to be an Angel   Ã‚  Ã‚  Ã‚  Ã‚  This network started September 18, 1997. This program was designed to show you how you can improve your life and the world. Some important things that are involved in the Angel Network are: 1. Creating the World’s Largest Piggy Bank to raise money for needy students. a. All money will go into one big scholarship fund that will send needy students to college.

Soundbuzz’s Music Strategy for Asia-Pacific

Case Study 3 SOUNDBUZZ’S MUSIC STRATEGY FOR ASIA PACIFIC Q1 : Analyze Soundbuzz and its business strategy using the competitive forces models. What strategies did it develop for dealing with competitive forces? There are four concepts of the competitive forces models: new market entrants, substitute products and services, suppliers, and customers. In terms of customers, Soundbuzz were really well responded to situation that they faced.When they launched B2C model, they found that because of customers` behavior (customers are seeking to download music freely) they cannot make much margin compared with the time when they used B2B model. So they aim other business as their customers. In terms of products and service, they serviced new encrypted MP3 format which makes them be able to sell music in their web sites. Also, they started to treat the music video contents which never treated on-line before. Finally, they launched ISPs billing systems for customers, which makes customers easily purchase their products.Q2 : What are the critical elements for an online music service? Using the value chain model, analyze Soundbuzz's business processes. Administration and Management : Online and Mobile music company. Technology : Source from local and independent record label and content is secured using digital right management technologies consisting of web server , license server , database server and media server. Procurement : Internet and finance industries Q3 : Why did Mototrola acquire Soundbuzz? What synergies will be created through the partnership?Through its MOTOMUSIC service, Motorola has more than two years experience delivering mobile music to consumers with its carrier customers in China, Hong Kong and Taiwan. The acquisition of Soundbuzz allows Motorola to expand MOTOMUSIC beyond China, into India, Southeast Asia, Australia and New Zealand. With well over 90 percent of all digital music content in Asia sold via mobile channels, a level expected to rema in in the coming years, Motorola's strength in music delivery will help its carrier customers access this growth opportunity.The expected timetable for completing the proposed transaction between Motorola and Soundbuzz, future financial and operating results, benefits and synergies of the transaction, future opportunities for the combined company and products, any other statements regarding Motorola's or Soundbuzz's future expectations, beliefs, goals or prospects and any statements that are not statements of historical facts might be considered forward-looking statements.While these forward-looking statements represent managements' current judgement of future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those stated in the forward-looking statements. Important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, include: i. the parties' ability to consummate the transaction. ii. the conditions to the completion of the transaction may not be satisfied, or the approvals required for the transaction may not be obtained on the terms expected or on the anticipated schedule. ii. the parties' ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction. iv. the possibility that the parties may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all. v. Motorola's ability to successfully integrate Soundbuzz's operations and technology into those of Motorola and the possibility that such integration may be more difficult, time-consuming or costly than expected. vi. evenues following the transaction may be lower than expected. vii. operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction. viii. the retention of certain key employees at Soundbuzz. ix. the other factors described in Motorola's Annual Report on Form 10-K for the year ended December 31, 2006 and its subsequent reports filed with the SEC.Motorola assumes no obligation to update or revise any forward-looking statement in this press release, and such forward-looking statements speak only as of the date hereof. Q4 : Explore the Soundbuzz Website (www. soundbuzz. com). Briefly describe its products, technology platform, payment methods and revenue models. Product : – downloadable music and video. – digit right clearance. – acquisition of licenses from music publisher and recording company. – music video. Technology platform : – bundled with creative ‘s MP3 players. – Windows Media Player 10. Payment methods : multiple billing channel through Internet Service Provider bills. – mobiles operator bills to its customers. â⠂¬â€œ Trivnet payment solution. – making micro payment. Q5 : Do you think Soundbuzz is successful? What are the things it can do to improve its business model? What can it learn from iTunes? No. Along with the dramatic demise of Motorola’s mobile phone business in the past two years, Soundbuzz now also faces closure of its own. It’s an ironic end for a company that seemed ahead of its time when it came out selling legit music in 1999 – at the century of illegal downloads.Many were surprised at the time, when Soundbuzz CEO SudhanshuSarronwala, a former MTV stalwart, managed to court the music labels even when they were more interested in blocking people from ripping CDs. Its music collection was built up very fast, providing users in Singapore with a legit alternative to pirated songs. But soon, the competition came for â€Å"Suds† and his company. Though Apple iTunes is still not officially here in Singapore now, Nokia has launched its own music st ore and Sony Ericson has partnered with SingTel to offer a direct-to-mobile music download service too.Soundbuzz, meanwhile, was a much smaller player and had a less extensive music collection. Plus, it somehow only supported the Internet Explorer browser, likely because of its Windows Media back-end, which kept out a lot of users. The final mistakes is the sale to Motorola, a company that invented the cellphone, but somehow failed to manage its own cellphone business due to poor management and decision making . Soundbuzz shall support the popular browser like Google chrome, Mozilla Firefox, Opera and Safari and expand its music collection.This will attract more users since most internet users are no more using Internet Explorer due to it slow performance. iTunesoffers a catalogue of albums, user reviews, album art, Internet radio, and podcast listings for free. Consumers can benefit from iTunes' content and services without ever making an online digital purchase. Apple even gives a way new content every week, so users can expand their music collection without any commitment to buy anything. Soundbuzz shall synchronize and reform a convenient and fresh look to attract consumers. Soundbuzz is shut down on 15th July 2009