Long Term Financing Paper Final

Running head: Long-Term Financing Long-Term Financing University of Phoenix Online Introduction to Finance and Accounting MMPBL-503 James R. Sullivan November 3, 2008 Long-Term Financing An established company is considering expanding its operations, and to achieve their business objectives, the company will require additional long-term capital financing. Long-term financing involves debt or equity instruments with greater than one-year maturities, and the cost of this long-term capital can be calculated using either the Capital Asset Pricing (CAPM) or Discounted Cash Flows (DCFM) Model. The organization will have to compare and contrast the Capital Asset Pricing Model with the Discounted Cash Flows Model. The skill of comparing and contrasting financial options will help evaluate and organize the debt/equity mix and dividend policy. The organization must then decide what type of long-term finance alternatives will most likely benefit. Capital Asset Pricing Model and the Discounted Cash Flows Model Capital Asset Pricing Model is a linear relationship between returns on individual stocks and stock market returns over time (Block & Hirt, 2005). One use of CAPM is to analyze the performance of mutual funds and other portfolios (CAPM, 2008). Although, more than one formula exists for the CAPM, the most common is referred to as the market risk premium model presented below (Block & Hirt, 2005): r = Rf + beta (Km – Rf) Where: r is the expected return rate on a security Rf = the risk free rate of return (cash) B = beta coefficient, or historical volatility of common stock relative to market index Km = is the return rate of the appropriate asset class The market risk premium formula assumes that the rate of return or premium demanded by investors is directly proportional to the perceived risk associated with the common stock. Beta measures the volatility of the security relative to the asset class. The equation is saying that investors require higher levels of expected returns to compensate them for higher expected risk. This formula can be thought as predicting a security’s behavior as a function of beta: CAPM says that if a person knows a security’s beta then they know the value of (r) that investors expect it to have (see graph below) (CAPM, 2008). [pic] More volatile stocks will have a beta coefficient greater than 1. 0, whereas less volatile stocks will have a beta less than 1. 0. If the risk free rate of return (Rf) and average market return (Km) are considered fixed, then the required rate of return for company stock can be calculated for the required rate of return. As an example, if the market risk premium (Km – Rf) is 6% and a risk free rate of return (Rf) is 4%, then the required rate of return would equal 10% for B = 1 and 16% for B = 2. The Discounted Cash Flow Model (DCFM) is another standard way of determining the cost of equity. It assumes that a firm’s current stock price is equal to the present (discounted) value of all expected future dividends from the investment (Utility Regulation, 2008). Modern financial theory contends that the price of a firm’s stock is the present value of the future cash flows discounted at an appropriate interest rate (Freeman & Gagne, 1992). To calculate the current stock value, calculate the present value of future dividends and growth in the value of the stock at some future date. The discount rate used for this present value calculation is the weighted average cost of capital for the firm. Both the CAPM and DCF models involve applying data from a single or group of companies, to evaluate the current stock value of a single company. CAPM is more objective and complicated, and requires more calculation and data from the market. DCF is more subjective and simplified. One such DCF assumption is that future dividends will grow forever at a constant rate. Since this assumption is not always true, the DCF method gives a more qualitative estimate of the cost of capital. Limitations of CAPM includes, model uncertainty, it is difficult to know for sure if the use of the model is theoretically correct. Input uncertainty, is another limitation, it is difficult to estimate the appropriate risk premiums accurately (CAPM limitations, 2008). Limitations of the DCF model include miss growth options, options to expand and options to redirect (DCFM, 2008). Debt/Equity Mix Debt/equity mix is a financing strategy used by companies to help fund the business or other investments. Most companies use a combination of both in order to ensure stability and to keep long-term cost down. Debt is the borrowing of money from other lenders such as finance companies and banks. â€Å"Corporate debt has increased dramatically in the last three decades. † (Block & Hirt, pg. 468) Other forms of debt include issuing bonds and leasing. Debt has become a common item on balance sheet for many companies, including those just starting out. Debt financing allows companies to finance without having to sell stock or bring in more partners. The major benefit for debt financing, unlike with equity financing, the owner retains full ownership of their business. Bringing in more partners or stockholders in a company causes the loss of primary ownership and possibly the loss of the reason the company was created. Equity is another form of financing. Equity is also used by large and small companies. Equity is financed by other people. With equity financing the initial owner/borrower has a greater risk of losing their company to the partners that have become involved. On the other hand the borrower in an equity finance loan has flexibility on repayment terms and the form of repayment (ie. cash, stock, bonds or services). However, most major corporations have a mixture of debt and equity with making sure they do not have to much leverage in either one. The formula for figuring out what a company’s debt-equity ratio is: (Block & Hirt) Debt/Equity Ratio = Total Liabilities Shareholders’ Equity Dividend Policy A company’s dividend policy is up to the company and the profits that are made. If the company is just starting out they may not want to pay dividends to their stockholders. A beginning company may want to reinvest any earnings that are made in order to help the company expand. â€Å"In choosing either to pay a dividend to stockholders or to reinvest the funds in the company, management’s first consideration is whether the firm will be able to earn a higher return for the stockholders† (Block & Hirt, pg. 547). When deciding on a dividend policy the stockholders preference must be considered. The stockholder may or may not want to receive dividends and may only have concern with the value of their investment at relinquishment time. If expanding a business the dividends that are normally sent out will possibly be lower to help cover the cost of expanding. The expansion may also cause the dividends to increase. Some investors care about he future earnings and the increase that may occur because of the expansion and earnings increase. Characteristics and Costs of Debt and Equity Instruments The purchasers of equity instruments have the rights to vote on issues, gain ownership and future earnings of the business. Examples of equity instruments are common stock, preferred stock and retained earnings. Ask Dr Econ, 2008) Common stock is a form of equity instruments, advantages are the common stockholders will share in the company’s profitability, does not have to repay investment, dividends, and the votes can influence management. The disadvantages of common stock, the vote may dilute the management’s interest in the corporation’s growth, and the non-management stockholders can increase in the vot ing power, and the maximum risk falls on the investor. (Raymond, 2002) The cost of common equity is important as â€Å"the ultimate ownership of the firm resides in common stock† (Block & Hirt, 2005). The cost of issuing new common stock is expressed as: Kn = D1 / (Po – F) + g D1 = First year common dividend, Po = Price of common stock, F = Flotation selling costs, g = Constant growth rate in earnings (Block & Hirt, 2005) Preferred stock is another form of equity instruments, advantages are stocks offers stipulated dividend on an annual or semi-annual basis, preference rights over common stock and dividend payments and liquidating distributions. The dividends can accrue at a certain rate and paid on a cumulative basis. The disadvantage â€Å"includes a subordination of dividends to be paid on common stock and limitations on the use of corporate fund to the extent that pre-established dividend payments. † (Raymond, 2002) The cost of issuing new preferred stock is: Kp = Dp ( Pp – F) Where Dp = Preferred dividend, Pp = price of preferred stock, and F = Flotation selling costs. (Block & Hirt, 2005) Retained earnings are equivalent to â€Å"past and present earnings of the firm minus previously distributed dividends† (Block & Hirt, 2005). In order to convince shareholders that earnings will equal larger dividends and equity later, it is important to calculate the present value of projected future cash flow. The equation for cost of retained earnings is equivalent to the cost of existing common stock Ke = D1 / Po + g This can be used to reacquire outstanding treasury stock at market price. The cost of retained earnings does not include the flotation or sales cost associated with new issues of common or preferred stock. (Block & Hirt, 2005) Debt instruments are requires a fixed payment with interest, examples are bonds, government or corporation and mortgages. Ask Dr Econ, 2008) Bondholders do not gain ownership, paid before other expenses, less risky and not entitle to future profits in the business. (Raymond, 2002). Disadvantages include potential restrictions on operations, limitations on the use of working capital† (Raymond, 2002). Bond financing includes the zero-coupon rate bond and the floating rate bond. T he cost of debt is measured by the after-tax cost of debt and must be calculated as follows: Kd = Yield (1 – t) where Yield = yield to maturity and t = tax rate The yield to maturity of a bond is dependent on a number of variables: annual interest payment, principal payment, bond price and years to maturity. The yield to maturity for a bond can be calculated using a bond table, or using the equation below: Y' = annual interest payment + (principal payment – bond price) / years to maturity) (Block & Hirt, 2005) Evaluation of Long-Term Financing Alternatives Organizations have several opportunities for  alternative long-term financing to help the organization expand and grow, raise capital depleted by inflation and to supplement insufficient funds generated internally by the organization. Debts for organizations have risen over the past three decades. Organizations are faced with the task of continuing to raise capital to cover the organization’s debts. Organizations can use bonds, stocks, leasing and other options as options for long-term financing Bonds Most large organizations use corporate bonds for long-term financing. â€Å"The bond agreement specifies such basic items as the par value, the coupon rate, and the maturity date† (Block & Hirt, 2005). The initial value of a bond is the bond’s par value or face value. The interest rate on the bond is the coupon rate. The fluctuation of interest rates in the market affect the coupon rate of the bond after the bond has been issued. The ending date in which repayment of the principal of the bond is due is the maturity date. The bond agreement or indenture is the legal document that covers the bond from issuance to repayment. Organizations can put up a secured bond offering such as a mortgage agreement, where specific assets are promised to bondholders should they default on the bond or choose an unsecured, or debenture bond offering which doesn’t specify a specific asset. Stocks Common stock is on way an organization can secure long-term equity financing. Common stock is issued at a price per share to relatives, friends and investors. The funds are used by the organization to help the organization grow. The organization can issued to stockholders as dividends to show a payback on the capital investment. The remaining funds after the organization pays out dividends become retained earnings for the organization and are reinvested back into the organization. Individuals who have ownership in the organization can hold preferred stock. Preferred stock holders are repaid first should the organization file for bankruptcy. Leasing Organizations can lease assets instead of financing them. Leasing can give an organization that is short on funds or is not credit worthy enough to borrow funds a way to obtain assets. Leasing an asset is generally more expensive than purchasing the asset. By leasing assets, the organization reduces cash outflow so they can use those funds for other ventures. Organizations can lease assets such as furniture, equipment and land. The organization can choose a Capital Lease agreement where the organization purchases the asset at the end of the lease period. Organizations in a higher tax bracket can take advantage of a depreciation write-off tax advantage by purchasing an asset and leasing the asset to another organization in a lower tax bracket. Other Alternatives Organizations can use Factoring to borrow capital. The factor generally charges higher interest rates than banks. Factors generally review credit history, but the organization may still be able to borrow due to the quality of the organization’s collateral rather than their project projections. Conclusion Expanding a company can be a big step and many plans must be laid out and consider before the final decision can be made. Cost is the biggest factor that must be considered when expanding. The second factor to consider is who or how the cost is going to be covered. Most companies consider there finance options. Financing option that should be considered include taking on more debt, issuing bonds, and selling stock. With these options the interest rate, the selling price of the stock and how much of the company they would like to give up all must be considered when choosing an option. The better option would be to do a mix of all of the financing options to keep the balance sheet leveled, and the company in good financial standing. References Ask Dr Econ. (2008) † Federal Reserve Bank of San Francisco:What are the differences between debt and equity markets? † Retrieved October 31, 2008 from http://www. frbsf. org/education/activities/drecon/answerxml. cfm? selectedurl=/2005/0510. html Block, S. B. , & Hirt, G. A. , (2005). Foundations of Financial Management (11th ed. ). New York: McGraw-Hill. Capital Asset Pricing Model, (2008). Retrieved October 31, 2008, from http://www. moneychimp. com/glossary/capm/htm. Capital Asset Pricing Model

Supply Chain Management and Raw Materials

Case Study 8. 1 Sedgman Steel * Background * Sedgman Steel Inc. : * North American Co. (diversified) * Annual Sales of $1. 7 billion * Syracuse Plant * Produces cut to length steel tubing and steel sheets to the automotive industry. * Customers provide specs for orders (eg. chemical comp. , thickness, diameter, etc. ) * Raw Materials supplied from 3 sources. * Tubing from sister co. (internally sourced. * Steel coils used for steel sheet production multisourced (2 Co. * Physical Distribution * JIT (Just In Time) to customer base. * Policy * Materials required 2 weeks prior to production * Procurement headed by Director of Materials Management (Isaac Theisen) * Alice McKenzie is the Production Material Control Supervisor * Resposibilities are * Incoming/outcoming transportation * Inventory control * Production planning/scheduling * Fill rates Asked to investigate large amount of current on hand raw materials inventory * Purchase spend made by Syracuse plant was$ 65-75 million/year * P urchasing manager @ facility was closely involved with sales to ensure sales pricing was in line with purchasing costs. * Inventory of raw materials on hand is $20 million * Issues * Too much raw materials inventory on hand * Inventory is piling up rather than beign used as constant rate of production. * Data Analysis * $20 million in raw materials inventory Warehoused next to facility in 50,000 sq ft building * Fehr Logistics Company (FLC) contracted to run inventory and logistics (3PL) * Contract specified # of staff to be employeed and working hours * Alice’s visit * Warehouse is full with both types of raw materials * Trucks waiting to be unloaded * 5 staff working when 8 typically was the regular staff running warehouse operations * Delivery of Raw materials was to be at least 2 weeks prior to production * Customer orders based manufacturing Fehr logistics controlled inbound transportation * Decision Criteria * Lowering Cost * Lowering Amount of inventory * Maintaining p roduction flow * Meet time frame established * Compliance with poilicies * Alternatives * Do nothing * Ensure 8 staff are working warehouse at all times fulfilling FLC’s contract obligations * Suspend buying of raw materials for a short period of time until a good chunk of raw material is used up. Build new purchasing processes for forcasting and shipping requirements from suppliers * Refuse shipments of current PO’s so surplus raw materials can be used up. * Absolve contract with FCL due to lack of competancy and hire a new 3PL to replace of FCL. * Request Return of Good approval from suppliers to get inventory close to optimum production standards. * Assumptions * FLC is not fulfilling their contract obligations * Purchasing has not forcasted correctly or purchased demand amounts in line with production schedules.

Application and development of relevant business management knowledge Essay - 1

Application and development of relevant business management knowledge - Essay Example The top management of the organizations who were accustomed to the existing process and their know-how found it tough to assimilate the changes due to e-business and manage the effects of this new e-factor. Thus the only way to cope up with the changes brought about by the e-business processes were to know in detail about the business processes and the e-business driven changes as the important impacts of the new factor. An in-depth knowledge of the e-business and the wholesome changes brought about by the useful tools of e-business would help the senior managers to analyze the newly structured business processes and bring about necessary changes in approach and measures to cope up with the business processes and manage the changes. Thus the knowledge on the e-business tools and its functions, the potentials of the e-business processes, the benefits, costs and the impacts on the overall process is extremely essential in managing the changes in the business process. This leads us to t he problem development stage and the problem has been developed as follows. â€Å"What is the importance of knowledge management in e-business driven changes in operating process of companies?† In order to address this problem, the various areas of business operations need to known in detail and the difference between the e-business driven changes and the earlier business processes need to be understood. This would help in identifying the changes that are brought about by the e-business processes in the overall organization culture and business. The understanding of the impacts of e-business on the organization and an analysis of these changes to design ways for managing these changes to the benefit of the organization could be done with the help of management of the knowledge on the changes business processes or the e-business. The scope of knowledge management in e-business lay in the areas of product development, supply chain management, customer relationship and the overa ll business processes. It is thus important to know the organizations that engage in the management of latest business knowledge for timely and efficient development of their products, to bring about necessary changes in the supply chain management to cater to the customers with the products and services through e-business in an efficient manner and to establish strong relationship bonds with the customers through efficient and timely delivery of customer service. It is also important to know about the ways in which the changes in the business management are affected with the help of knowledge on e-business (Malhotra 34). This includes a study of the various tasks that are assigned to the executives in order to cope up with the pace of the system that is driven by the e-platform and the latest technologies. The rationale behind performing these tasks and the application of knowledge management is clearly understood by the senior management and the employees to whom the work is deleg ated in order to reach the maximum level of performance. The process of management of business knowledge is commonly referred as knowledge management by companies aimed at developing the stock of knowledge on the various business processe

Jimmy Webb Essay Example | Topics and Well Written Essays - 250 words

Jimmy Webb - Essay Example He creates the melody, using piano that fit reincarnation of the souls with the song seeming to be timeless (Streissguth 225). He shows that the daily experience should influence songwriting. In the song plot, first Jimmy start by talking about the highwayman giving clear incidence and this continues in the other part of the song. Reincarnation is evident when he says in other part of the song that may be he will become a highwayman again. This gives the song the plot and theme while focusing on different scenes of life and feelings at the time. Reincarnation is clear when he promises to come back again. The rhythm of the song gets better with the rhyming words in the song. With changing tempo of the song in correspondent to the melody puts the song in the right context. The song seems to have a life with combination of melody and rhythm. The song also has predictability in death of characters but uncertainty in what happens to them. The presence of the rhyming words and melody shows the dedication in creating the song including verification to make it

Marriage and Love Essay Example | Topics and Well Written Essays - 1000 words

Marriage and Love - Essay Example What is important to note, for purposes of this essay, is that fact that romantic love was associated with marriage and marital fulfillment as a growing trend in an increasingly individualistic world rather than love itself. Love, in short, is more than a romantic or idealistic state of mind; indeed, as pointed out by Duby and Dunnet, love has, throughout history, been associated with such notions as respect, admiration, and a sense of security (1994: 37). The preliminary step, therefore, is to define love as it has been understood historically rather than to rely on unnecessarily inaccurate and narrow definitions as commonly portrayed in the mass media. This essay will argue that love is more comprehensive than lesser notions such as romantic love and that it can therefore function as the basis of a successful and enduring marriage; more specifically, this essay will argue that the media has idealized the notion of love more than is true of the concept itself and that the marital institution, as it has evolved over time, is more than capable of being founded and sustained about this broader concept of love. As an initial matter, there is no question that marriage has been sustained by a variety of different factors and motivations throughout history; these motivations have varied and differed according to cultural contexts, local conditions, and sociological stages of development. Although often portrayed negatively y the western media, arranged marriages have been the historical and cultural norm historically; this is true not only in cultures and countries traditionally associated with arranged marriages, such as in India, but in embryonic western nations and cultures as well. These arranged marriages were frequently motivated by such notions as pooling family wealth, maintaining social status or cementing political alliances, nurturing the continuation of certain religious or ideological communities, or simply continuing well-established cultural or local traditions (Shumway, 2003: 118). The arranged marriage was characterized by an oversight function performed by the older generati on and the opinions or the preferences of the younger generation were subservient. This is not to say that the opinions of the people to be married were wholly irrelevant, though is many cases they were definitely of lesser value, but that the older generation relied upon considerations that were not consistent with modern notions of romantic or erotic love. It cannot be argued, however, that love as it was more generally known was irrelevant to marriage; more particularly, as noted by De Munck, men and women have fallen in love for reasons more compelling than an erotic attraction or a sudden physical or emotional impulse (1998: 78). Those whom would reduce love to the romantic concept exploited by capitalist media companies would do a great disservice to love and marriage, to people's individual judgment and reason, and to the sociological sciences. The marital institution did not become a prisoner of sudden irrational impulses; quite the contrary, as outlined by Wexman By the early twentieth century the emergence of a public sphere fostered the development of a youth culture centered on courtship rituals largely cut off from supervision by the older

Using Your Manager Skills Essay Example | Topics and Well Written Essays - 750 words

Using Your Manager Skills - Essay Example The elements that must be present in order for one to provide a valid claim under the law(s) specified under the Clean Water Act is that it is against the law for any person to release pollutants from a common source into the waters in the United States. Otherwise, it could only be possible with a permit of the National Pollutant Discharge Elimination System (NPDES) provisions (Gross & Stelcen, 2012). 2. Regarding the Solid Waste Disposal Act, there are seven possible elements to meet to categorize in the violation acts. According to Cornel Law, the seven elements, which are under 42 U.S Code Chapter 82, Sub-Chapter III - HAZARDOUS WASTE MANAGEMENT, sub-section 6924 presenting it briefly? It affirms that a person cannot in his or her knowhow treats, stores or disposes of any hazardous waste identified or listed in this sub-chapter. or knowingly leaves out material information or, and makes any false representation or statement in any application, manifest, label, permit, record, report or either any other document maintained, filed or used in the purposes of compliance with promulgated regulations by an administrator or, through a state especially for the authorized state program, under this subchapter. Additionally, if the person knowingly generates, stores, treats, transports, disposes off, exports, or else handles any waste that is hazardous or any used oil which is not identi fied or listed as a hazardous waste under the subchapter. The rest three elements concerning this crime are alike and similar by nature in that are inclusive of no transportation of hazardous materials, exporting, or storing the hazardous wastes. Having had a closer look at the facts that I have gathered, Mr. Howard, I find that we have not violated any of the terms under the Solid Waste Disposal Act. Here are the reasons for consideration: our company produces biodegradable packing materials that are

Jute Material Coursework Example | Topics and Well Written Essays - 1250 words

Jute Material - Coursework Example Due to its resistive nature, the dry jute shows signs of being loaded after 23 milliseconds in the test. As indicated by the graph above the progress that follows soon after is represented by a shoot that is almost linear to the almost 2200 Newton’s mark after which the graph begins a drop, which creates a spike. The drop records a low of slightly above 1500 newton after which more force is applied to the jute where it spikes up to a force of 3300 newton. After which the drop follows. The drop is characterised by spikes resulting from the applied force as depicted in the graph in the twentieth and forty-sixth millisecond gap. The uncharacteristic drops in the loading process indicate a difference in dry jute that is uncharacteristic of the normal loading curve on the solid materials, and it reveals some characteristics of the dry jute.The test time that is recorded by the dry jute on the load increase is approximately 36 milliseconds after which the load is at the peak. The ov erall test records a time of approximately 46 milliseconds. From this, it is evident that the unloading or negative slope part of the graph takes less time compared to that of the loading part. The dry jute graph exhibits some unexpected results. Being a solid material, the graph that was expected on loading should have been characteristically smooth (Rees, 2000, p.123), but in this case, it had recorded instances and occurrence of sharp peaks in both the loading and unloading process.... 21), the fibre loses its elasticity element and enters the permanently deformed state. The fibre lingers shortly in the deformation phase, before suffering a complete breakdown in structure in this state. The breakpoint in the dry jute case is recorded at approximately 20.5 Joules. Wet Jute In construction, Jute is mostly used in its dry form. The presence of fluid in the internal structure of jute affects its mechanical properties as displayed in the graph. The effect of having the fluid in the jute is blown up when the material is put under high deformation forces. The wet jute displays similar properties in the initial test phases as depicted by the graph. The wet jute in this case is raw jute, which has not been pre-processed. It is harvested straight from the farms and used in this experiment. In the first stage of testing, the fibre shows resilience to the impact test forces just as the dry jute. It begins to show signs of deformation slightly before the twenty-third millisecon ds mark. After which it takes on elastic properties as the dry jute, with the graph being more linear-like when compared to the dry jute. The curve leading to permanent deformation in this case tends to arc more and its start point occurs earlier than that of dry jute. The breakpoint of wet jute is recorded at about 17 Joules. However, it takes about 40 milliseconds for the wet jute to get to the breaking point in the graph. Graph 2: Standard force Test time graph By applying standard force on the subjects, it is easy to establish the ultimate and yield stresses on the fibres. The dry and wet jute display different results in the experiment as indicated by Barsom and Rolfe (1999, p. 291). In conducting this experiment, the dry and wet jute

DQ3_07 Assignment Example | Topics and Well Written Essays - 250 words

DQ3_07 - Assignment Example began in 1948 and conducted among 5209 adult participants in Framingham, Massachusetts, has assisted to provide much of the now known knowledge in regard to heart disease. The Framingham Heart Study has proven as an outstanding work in regard to its scope, duration, and information. The study helped to provide understanding on the influence of lifestyle, environmental factors and inheritance on cardiac health. The study provided the origin of the term ‘risk factor’ (FHS, 2015). The study helped to identify major CVD risk factors such as high blood pressure, smoking, obesity, high blood cholesterol, diabetes, and physical inactivity. Prior to the start of the study, medics had little knowledge in relation to the prevention of heart diseases. The study helped to show the necessity of weight management, a healthy diet, and regular exercise in preventing heart diseases. The study also assisted to reveal the differences in the risk of heart diseases between men and women. The study has expanded to encompass research on the role of genetics in contributing to

Corporate Finance Company Profile of PepsiCo Essay

Corporate Finance Company Profile of PepsiCo - Essay Example Pepsi is working on heightened regulatory and market scrutiny of corporate governance practices in order to communicate and represent the organization in a manner that pleases the shareholders, utilizing resources in a new and evolving compliance environment. Management should be eyeing the macro factors like Government’s policies, competition and tax rates where they operate a business because local, national or international jurisdictions and new or changing regulations might create hurdle in their way. Company’s strong point is that they have sharpened their focus on sales, service and customer orientation and are eagerly looking forward to improving its product and service quality. In order to retain its market share in every possible manner, the management is keen on maintaining the performance momentum and competitive advantage in the marketplace. There has been a positive increment in cash and cash equivalent in the year 2008 in comparison with the year 2007 and 2006. The sole reason behind this is the decrease in investment in the securities .Moreover, holding of the short-term borrowing makes an impression on cash and cash equivalents. Pepsi utilizes its reserve or liquid cash in a profitable manner because Pepsi makes an investment in securities, which in the end makes a profit for the company. The utilization of cash for investment purposes also shows in the current and quick ratio, and is a healthy sign for the company’s future prospect. In the year 2008 and 2007 no significant moment is observed in fixed assets of the Pepsi. Pepsi has applied proper inventory management techniques and policies. Due to the high demand of the company product, less percentage of inventories is in hand, and the inventory turnover is also evidence of proper inventory system adopted by the Pepsi throughout these three years (Myers, Bre aley and Marcus, 2001). Pepsi is primarily financing their activities through debt.

Crime and Punishment Analysis Essay Example for Free

Crime and Punishment Analysis Essay Raskolnikov’s redemption is an essential element to the story. His interaction with Profiry is a catalyst for this change. Additionally, the psychological concepts and techniques used by the investigator are crucial aspects of the narrative. In fact, his entire investigation involves the use of psychology to lure out the murderer in what Raskolnikov refers to as a â€Å"cat and mouse game. † Though Raskolnikov considers hi an adversary, his admiration for Porfiry’s intelligence and the good use to which he puts it are critical in redeeming certain aspects of his character. Porfiry Petrovitch is an intelligent young man who works for the betterment of his country. He is greatly devoted to Russia and believes his nation has a bright future. He sees Raskolnikov as a bright young man who can contribute to Russia. Through the story Petrovitch comes to realize that Raskolnikov has fallen under the influence of radical new ideas. He is clearly not a common policeman; otherwise he would have arrested the young man much earlier in the novel. Indeed, Petrovitch’s advanced knowledge of psychological methods makes him come across as an open-minded intellectual. He reads the article Raskolnikov had written about crime. He brings this up in their first encounter and Raskolnikov provides details on his ubbermensch theory. Porfiry concludes that the young student must have included himself in the theory, as he was the one who spread the new idea. He also uses other tactics, such as asking whether Raskolnikov noticed two painters at Ivanova’s apartment. This is an attempt to trap Raskolnikov, who realizes it because there were no painters on site until the day of the murder. However these clever mind games and exchanges provide the novel with a rich, compelling interaction. Raskolnikov recognized Porify’s intelligence, and fears him as an antagonist. The investigator however looks at his suspect differently. Soon Petrovitch’s aim is to show Raskolnikov the error of his theory; that his ideas cannot serve humanity unless they are executed by humane people. Thus a person must employ both humanity and intellect simultaneously in order for their ideas to improve society. By discovering the inaccuracy of his theory, Raskolnikov can begin to accept blame and punishment for his actions. Through suffering for his actions, Raskolnikov can begin his ehabilitation and progress towards becoming the valued addition to society that Petrovitch thinks he can be. Petrovitch believes that he can rehabilitate Raskolnikov into someone who can serve Russia in a useful way. This is exemplified by the final interview, in which he gives Raskolnikov additional time to confess to the crime and thereby reduce his level of punishment. Throughout their exchanges, Petrovitch pushes the main character to do the right thing by appealing to his intellect. His influence on Raskolnikov helps the young man to accept responsibility for his actions and move towards rebuilding his life.

Leo Kanners Theories of Autism: A History

Leo Kanners Theories of Autism: A History Fascination Peculiarities Nourotribes, neurodiversity, siberman, autism Asperger survived the war, but his concept of autism as a broad spectrum that was not at all rare was buried with the ashes of his clinic. A very different conception of autism, invented by the Baltimore child psychiatrist Leo Kanner took its place. Kanner published his paper Autistic Disturbances of Affective Contact in 1943, one year before Asperger published his thesis in German. Yet for half a century, Kanner was considered the lone pioneer in the field, and autism was referred to as Kanners syndrome. Some people believed Aspergers model was lost in obscurity because clinicians were not eager to read papers translated from the German after the horrible things committed by the Nazis. Kanner was a native German speaker, and his was familiar with nearly every other paper written in the emerging field of child psychiatry during that era. But he remained silent about Aspergers work. His sin of omission had grave consequences for autistic people and their families. And the one clinician in American who knew the real story wasnt apt to say anything about it in public because he owed Kanner his life. *** Leo Kanner was born in Ukrain (then part of Austria) near the Russian border in 1896. His father taught him Hebrew when he was five. By the time he enrolled at the University of Berlin in 1913, he had mastered German, Polish, French, Latin, and Greek, though he still spoke no English. Ignore his grandfathers advice to become a rabbi, he set out to study medicine. But when World War I started in the summer of 1914, he was drafted into the army to serve in the medical corps. He resumed his studies after the war, majoring in cardiology. After earning his degree, he became a general practitioner in Berlin. In 1924, an American doctor persuaded him to immigrate to the United States to work as a psychiatrist in the Yankton State Hospital in South Dakota. The Yankton State Hospital was surrounded by over fifteen hundred acres of farmland, which was used to raise pigs, corn, and dairy cattle to feed the patients. He was dismayed to find out that only one of his new colleagues his supervisor, George Adams had any formal training in psychiatry. Kanner observed that the most astute clinical observer on staff was a disabled volunteer in the Stone Room who treated the patients respectfully as individuals. This man would spend hours just listening as they related stories about growing up and their hopes and aspirations before they were declared insane. Though he was not one of the resident experts, he had a decisive effect on Kanners approach to psychiatry. Instead of grilling the residents of Yankton with inane questionnaires, he probed into his patients family backgrounds to seek the deep roots of their illnesses. On the first Christmas Eve at the hospital, Kanner proposed that patients who were not violent should be liberated from their straitjackets and other forms of restraint. This humane experiment was a success, and the patients could move about more freely from then on. After reading a paper about the therapeutic value of art, he distributed paints, crayons, pencils, and paper throughout the hospital and set up a gallery in the building to feature rotating exhibits of patients work. A group of Mennonite schizophrenics christened Kanner the doctor from Germany. In 1925, Kanner published a psychiatric study of Henrik Ibsens Peer Gynt in the Journal of Abnormal and Social Psychology. In 1926, Kanner and Adams published a paper in the American Journal of Psychiatry based on their study of Thomas Robertson, a Native Indian with paresis. Paresis is a form of dementia caused by untreated syphilis infection. In the paper, Kanner mentioned that paresis was so rare among Native American that demanded explanation. By probing into Robertsons family background, Kanner discovered that he was not full-blooded Sioux; in fact, his father was a Scotsman. He boldly proposed that syphilis was well established in the Americas that full-blooded Native Americans are immune to the most debilitating aspects of the disease. Robertson had inherited his unusual susceptibility to paresis from his father, who was a Scotsman, while his full-blooded brothers and sisters were left unscathed. The paper claimed Robertsons status as a dominant figure among the Indians was li kely a result of his infusion of Anglo-Saxon blood. Was the case of Thomas Robertson as exceptional as Kanner claimed? Historical sources suggest that Kanner was stretching the truth. At a symposium on syphilis in 1902, the superintendent of the Binghamton State Hospital noted a remarkable preponderance of paresis in his native patients. Yet the paper succeeded in putting him on the map of American psychiatry. He was able to obtain his medical license merely by filing out a questionnaire from the state. In 1928, Kanner and family moved to Baltimore as Kanner began his fellowship at Johns Hopkins under the directorship of the Swiss neurologist Adolf Meyer. In 1930, Meyer appointed Kanner to head up a new child-behavior clinic that would act as a bridge between pediatrics and psychiatry at Johns Hopkins. With Meyers encouragement, Kanner embarked on his most ambitious project: writing the first textbook of child psychiatry, creating creating a new field of medicine by drawing on elements of other disciplines. The first edition of Child Psychiatry, published in 1935, was hailed as a remarkable achievement and became a runaway best seller. In 1937, Kanner made headlines by exposing a major scandal in Baltimore. Acting on a tip from the superintendent of Rosewood State Training School, he discovered that a local lawyer had been making a fortune by offering the schools feebleminded female residents as cheap domestic help to wealthy families. The Rosewood affair established Kanner in the public mind as a voice for the voiceless. But his failure to name those responsible rendered unclear whom exactly he was protecting. He maintained support for sterilization of those unfit to raise children for years, though he opposed euthanasia in a public debate. *** By the fall of 1937, as the exodus of Jews was under way, the Kanners rose to this historic challenge and acted as an unofficial immigration agency for Jewish doctors, nurses, and researchers, providing them with the documentation they needed to get visas while helping them to find jobs. The Kanners rescued nearly two hundred colleagues from the Nazis. They graciously opened their home in Baltimore to assist à ©migrà ©s adapting to live in the new culture. *** In September 1938, Kanner saw a five-year-old boy named Donald Tripplett with symptoms he had never seen before. The boys parents, Beaman and Mary Triplett, were a bright and successful couple in Forest, Mississippi. The parents, on the recommendation of their family physician, committed Donald to a state institution in 1937.   After a year, Mary and Beaman took Donald home. The family pediatrician referred the Tripletts to Kanner. At first, Kanner didnt know what to make of Donalds behavior. Only a handful of clinicians could have made sense of Donalds condition, and most of them were working in Vienna at the Heilpà ¤dagogik Station. One of them, Aspergers former diagnostician Georg Frankl, had just been brought over from Austria by Kanner to become the full-time psychiatrist-pediatrician. In fact, upon arriving in New York City in November 1937, Frankl reunited with Anni Weiss, the young psychologist who wrote the case history of Gottfried. The couple got married two weeks later. The following April, they joined Kanners inner circle at Johns Hopkins. Over the course of two weeks in October 1938, Frankl and a psychiatrist named Eugenia Cameron worked up a detailed portrait of Donalds behavior. Kanner was struck by Mary and Beamans recollections that their son had never responded to people in the usual ways, even as an infant. This suggested that Donalds condition was innate and inborn rather than a response to some kind of psychological trauma inflicted by his environment. He recognized the outline of a breakthrough in his field: the discovery of the first form of major psychosis endemic to infancy. Kanner published his paper, Autistic Disturbances of Affective Contact, in the June issue of The Nervous Child. In the paper, he interwove Frankls and Camerons meticulous observations, excerpts from parents diaries and letters, and his own reflections on his patients behavior. He felt it was premature at that point to propose a set of criteria for diagnosing the condition he described. To make the pattern visible to his peers, he proposed two essential common characteristics shared by all children with this syndrome. The first was a will to self-isolation, present from birth. The second was a fear of change and surprise. He did not give the syndrome a name in the paper. It was only in 1944 when Kanner produced a condensed version of his paper for Pediatrics did he called his syndrome: early infantile autism. Kanners view of autism diverged from the model that Asperger and his colleagues developed in Vienna. Because Kanner focused exclusively on the first years of childhood, adults and teenagers were out of the picture. Instead of presenting his syndrome as a broad spectrum with varying manifestations, Kanner framed his patients as a strictly defined and monolithic group.

Essay --

Living in Another’s Dream Gig, edited by John Bowe, Marisa Bowe, and Sabin Streeter, is a book with a collection of interviews of people describing what their job is like. One of the interviews deals with a film development assistant, Jerrold Thomas. This interview in particular raises questions which leads readers to ask why he stays at his current job and what opportunities are in the future for him. He hopes to become something bigger in the film industry and even went to film school, but is now stuck as an assistant. It is surprising to see him working for someone who treats him so badly, but yet still not leave. â€Å"The Meaning of Ethics† by Philip Wheelwright is an essay that explains seven different phases used in a moral deliberation. Each of them have their own purpose and help us make ethical decisions. Wheelwright’s assertion that an ethical person has to rationalize the consequences and imagine themselves into a predicted situation helps explain why Thomas continues working as a film development assistant even if he is being treated unfairly and is hoping opportunities for him arise. In â€Å"The Meaning of Ethics†, Wheelwright shows us different characteristic phases that can be perceived in a moral deliberation. There are many solutions to a problem but Wheelwright believes one should follow these phases. In Phase ii: Rational elaboration of consequence, Wheelwright says, â€Å"As this step involves predictions about a hypothetical future, the conclusions can have, at most, a high degree of probability, never certainty. The degree of probability is heightened accordingly as there is found some precedent in past experience for each proposed choices† (265). In other words, Wheelwright wants us to explore our options in every pos... ...ly, but he doesn’t want to admit the truth to himself and that is what is keeping his hopes up. Thomas knows that without Brads help, it will be much more difficult to become a producer, but he shouldn’t wait for something that has a chance of never happening. These phases may change people’s perspectives on how they will approach certain situations. It would help if everyone could apply these phases in their daily lives because it would eliminate tough situations where there is no time to think. Wheelwright gives his readers a better understanding of what an ethical person should think like. In Gig, Thomas uses two out of wheelwright’s phases, but even then he still wasn’t satisfied with the result. It all depends if these phases are applied in our lives correctly. They may not work one hundred percent correctly, but they will help make our lives a little easier.

Time to Move On :: Personal Narrative Essays

Time to Move On While I was driving to work on a Thursday evening in November at 10:00 p.m., for my first night of training on the graveyard shift at Medical Centers Radiology Department. I was imagining the types of exams that could come to the department from the ER, praying that I would not have to x-ray a drunk or someone that had been in a bad car accident. When I finally arrived to work at 11:00 p.m., I walked through the ER to get to the radiology department. So far the ER was having a really slow night. After putting my things away, I met the technologist (Bob) that I would be working with for the next eight hours. Since the department was so quiet, Bob and I had some time to discuss what the graveyard technologists responsibilities included, such as hanging all the x-rays from the night for the Radiologist to read, and getting the paper work ready for the in hospital portable x-rays to be done at 5:30a.m. before the shift ends at 7:00a.m. Now it was going on 1:00a.m. Bob and I had gotten aquatinted, and I knew all my responsibilities . Since we still had not heard from the ER we both tried to get some sleep. When I was drifting off to sleep, I was hoping that if the ER did call it would only be for easy exams and preferably no drunks. It was 4:00a.m. when I awoke to the ringing of the phone . I knew it was going to be the ER calling to send a patient over for x-rays. When I answered the phone, I was again praying it was something quick and easy. The nurse on the other end of the Line said, "We have a chest x-ray" with a sigh of relief I said, " Send them to room 3 ." After finishing the chest x-ray, I walked the patient back to the ER. This is when I saw what I had been hoping would not happen on my shift. Doctors and nurses were rushing into ER Room 8 where I saw a young man (high school age) laying on a back board with a cervical collar on and his head had been split open.

The Effects of Increased Temperature on Fish Reproduction Essay

The Effects of Increased Temperature on Fish Reproduction Today, many factors can contribute to an unexpected increase in temperature in streams, ponds, lakes and even oceans. One of the many factors which may cause this is a nuclear power plant. Although many might think that nuclear power is a source of many pollutants, this has been proven not to be so (1). In fact, nuclear power plants only cause one pollutant to the nearby water bodies, increased temperature. Usually this increase in temperature is approximately ten degrees above normal (2). However, this main study is to look at any effects that fish may have because of this increase in temperature. Several studies have been performed in this area, on several different species of fish. Although most fish respond in the same way, Eurasian Perch, for example, showed interesting side effects. By having an experimental group, which is placed into waters at a temperature of about ten degrees higher than the natural temperature, it is easy to compare to the control group, what physiological problems had occured. During the winter months, fish seek cooler water to perform gametogenesis, that is, sperm and eggs begin to form through meiosis. When spring arrives, these fish head back towards warmer water to spawn (3). What if the temperature is kept at a constant higher than the control group? One could say that this might cause the fish to think it is in the spawning season. By giving the fish a constant spawning season, the fish's reproductive cycle is knocked out of sequence. For example, suppose a fish normally lives in cold water during the winter months. If the fish is suddenly exposed to warm water during this time period, it may cause problems by... ...f the Brown Bullhead, Ictalurus nebulosus, with Reference to its Orientation to the Discharge Canal of a Nuclear Power Plant. F. Paul Richards, Richard M. Ibara Trans. Am. Fish. 1978 107(2), 288-220 Other Works: DNA Damage and Radiocesium in Channel Catfish from Chernobyl Derric w. Sugg, John W. Bickham, Janet A. Brooks, Michael D. Lomakin Environmental Toxicology and Chemistry 1996 Vol. 15, No. 7, 1057-1063 Effects of Temperature on Mitochondrial Function in the Antarctic fish Trematomus Bernacchii R. B. Weinstein, G. N. Somero J. Comp Physiol B. 1998, (168) 190-196 Gonadal Impairment in roach Rutilus rutilus from Finnish Coastal Area of the Northern Baltic Sea Tom Wiklund, Laura Lounasheimo, Jim Lom, Goran Bylund Inter Research 1996, Vol. 26, 163-171 The Effects of Increased Temperature on Fish Reproduction Essay The Effects of Increased Temperature on Fish Reproduction Today, many factors can contribute to an unexpected increase in temperature in streams, ponds, lakes and even oceans. One of the many factors which may cause this is a nuclear power plant. Although many might think that nuclear power is a source of many pollutants, this has been proven not to be so (1). In fact, nuclear power plants only cause one pollutant to the nearby water bodies, increased temperature. Usually this increase in temperature is approximately ten degrees above normal (2). However, this main study is to look at any effects that fish may have because of this increase in temperature. Several studies have been performed in this area, on several different species of fish. Although most fish respond in the same way, Eurasian Perch, for example, showed interesting side effects. By having an experimental group, which is placed into waters at a temperature of about ten degrees higher than the natural temperature, it is easy to compare to the control group, what physiological problems had occured. During the winter months, fish seek cooler water to perform gametogenesis, that is, sperm and eggs begin to form through meiosis. When spring arrives, these fish head back towards warmer water to spawn (3). What if the temperature is kept at a constant higher than the control group? One could say that this might cause the fish to think it is in the spawning season. By giving the fish a constant spawning season, the fish's reproductive cycle is knocked out of sequence. For example, suppose a fish normally lives in cold water during the winter months. If the fish is suddenly exposed to warm water during this time period, it may cause problems by... ...f the Brown Bullhead, Ictalurus nebulosus, with Reference to its Orientation to the Discharge Canal of a Nuclear Power Plant. F. Paul Richards, Richard M. Ibara Trans. Am. Fish. 1978 107(2), 288-220 Other Works: DNA Damage and Radiocesium in Channel Catfish from Chernobyl Derric w. Sugg, John W. Bickham, Janet A. Brooks, Michael D. Lomakin Environmental Toxicology and Chemistry 1996 Vol. 15, No. 7, 1057-1063 Effects of Temperature on Mitochondrial Function in the Antarctic fish Trematomus Bernacchii R. B. Weinstein, G. N. Somero J. Comp Physiol B. 1998, (168) 190-196 Gonadal Impairment in roach Rutilus rutilus from Finnish Coastal Area of the Northern Baltic Sea Tom Wiklund, Laura Lounasheimo, Jim Lom, Goran Bylund Inter Research 1996, Vol. 26, 163-171

Drama Theatre Performance: Postmodernism and Theatre Performance

Postmodernism was a movement that began in the 1960s that affected all forms of art and literature of that time period. Postmodernism followed modernism and it sought to challenge the ideas and values of modernistic theatre, modernism was formed to shake up theatre, introducing new theories of science and technology to explain the world, whereas postmodern theatre raises more questions than supplying the answers for the audience. Modernism created a ‘grand-narrative’ whereby there was only one meaning which would be told to the audience. Postmodernism broke down the ‘grand-narrative’ when Jean-Francois Lyotard wrote La Condition postmoderne: Rapport sur le savoir (The Postmodern Condition: A Report on Knowledge) (1979), he came up with the idea of micro-narrative which allows the audience to come up with many meanings. Lyotard felt that as science and technology developed so did human understanding. As understanding increased people began questioning everything that they had been previously told such as society, politics and religion. We no longer have recourse to grand narratives†¦. But as we have seen, the little narrative remains the quintessential form of imaginative invention†¦. In addition, the principle of consensus as a criterion of validation seems to be inadequate. It has two formulations. In the first, consensus is an agreement between men, defined as knowing intellects and free wills, and is obtained through dialogue. This is the form elaborated by Habermas, but his conception is based on the validity of the narrative of emancipation. In the second, consensus is a component of the system, which manipulates it in order to maintain and improve its performance. Franko B is a performance artist who uses his own body as art. He uses his body as a canvas to portray feelings such as vulnerability, love, hate and power he also attempts to portray the fears of human condition. His shows are controversial and have been questioned as to whether it is art and as to why the arts council are funding his projects. The arts council responded to this by saying â€Å"But it is important that we do fund a range of things, including things that are challenging do stretch the boundaries, and fund some things which from time to time will shock and offend people. That's what art's about. † Franko B performance relates to postmodernism as he creates a performance that allows the audience to think for themselves, he does this by not using any form of language as well as not allowing any form of connection with the audience for example in one of is shows he stood on stage naked in a Christ-like pose with blood pouring from his wrists and feet, whilst walking up and down a catwalk while bleeding from his arms. In doing something controversial like this, he makes the audience ask why he is doing this, many of them see it as abnormal. Managing to get the audience to question what he is doing he is making them question social constructions and is breaking the conventions by doing so. Although walking around naked and bleeding is already seen as controversial he also uses the environment of a cat walk for his piece, it is typically known as place where beauty is observed and admired, what we are observing is it beauty? That is what Franko B wants you to think about, he aims to break the wall of social constructions, making beauty and suffering become one. â€Å"He is internationally acclaimed and has performed across the world. His repertoire mixes both visual art and live performance art and he would say his work is about beauty, with his body as the canvas and his blood as the material. I find Franko B shows strangely fascinating but hard to watch as what he is doing in the shows is grotesque and abnormal but as this is the method he uses to get his audience to question what is normal and to get the audience to look at things in a different way to how you would normally look at things, I watched several of his art instalments on you tube to try and understand what he tries to portray to his audiences the one that struck me the most was one titled I’m thinking of you, I found this intriguing as Franko B is sat on a swing naked swinging back and forth to calming idyllic music I find this fascinating as while I’m watching all I am thinking about is how it reminds me of innocence yet it’s a large tattooed naked man on a swing. Forced entertainment are an experimental theatre company that formed in Sheffield in the 1980s at the height of the postmodernist movement, they use forms of culture and their surroundings to ask necessary questions to engage communities. They have created many shows over the past 25 years and throughout these years have come up with the artistic policy that there shows will make art that explores the highs and lows of complexities of contemporary life. An example of one of their compelling and provocative shows is the club of no regrets, the main character Helen, gives direction to two other performers to enact series of small stories whilst their inside a tiny box, there are two other performers who act as brutal stagehands or even captors, they either smooth the progress or hinder these enactments. The two performers who act as stagehands bound the first two performers to chairs whilst threatening them with toy guns, they also assist the first two by bringing them texts and props they may need in the performance. The scenes are replayed many times as though Helen is unsure of what order they should go in. The scenes then become more violent and chaotic using further text and a confused narration of Helens stories which she calls club of no regrets. I feel this relates to postmodern theatre as in showing a story in so many different ways it is breaking down the ‘grand- narrative’ and creating many micro- narratives which allows the audience to come up with their own understanding and meaning. â€Å"In turn, the audience are liberated by the freedom that the â€Å"maker† has in creating the show. In watching Forced Entertainment productions, we found ourselves without any expectations about the show, nor hope for any feeling of closure and satisfaction from it. Instead we watched with a more open mind, prepared to digest and consider anything that the show ‘threw at us’, so to speak. † I find Forced Entertainments work very interesting as I feel each piece they do is completely different and makes you want to question what you are watching. Although some of their work isn’t as interesting for example the instalment of the institute of failure which was someone reading a list of things that constitute of failure and then a essay on examples of failure in the media and advertisement industry. Although I did not find the piece entertaining or that interesting in the beginning after I had watched it I realised that I was thinking about what had been said and thinking of things that constitute failure. Whilst doing research into postmodern theatre I have found many strange and interesting theatre groups and performers, Franko B and Forced Entertainment just being some of them although I feel that they were the most interesting as they were one of the most controversial acts that I found. I think the main reason I found these attributes of postmodernism interesting is that they make the audience question what they are watching instead of simply being told what to like, as well I find that as the performers work is aimed at getting you to think about what is happening on stage it breaks the ‘grand-narrative’ in general life as it sets of a domino effect and you begin to question other things. Bibliography http://news.bbc.co.uk/1/hi/entertainment/music/1976059.stm

Surviving on a desert island

Surviving on a deserted tropical island Being stranded on a deserted tropical island is not ideal for most people, especially if you are alone. Although many people who end up in these situations get rescued, it is still important to know five essential tips to survive. Giving purpose to items often ignored and utilizing all available resources is vital. Water is an extremely important essential to surviving, water makes up more than two-thirds of our body weight and works in many different ways to maintain our bodys health, stabilize our metabolism, nd keeping digestion in order.A reason why the island you are stranded on is deserted might be because of the lack of fresh water. If you cannot find a stream nearby then look for coconuts, the milk inside is high in potassium and a variety of minerals. Although you cannot survive off of coconut milk, it will last you until the next rainfall. Collect as much rainwater as you can, because you never know when the next one will occur. Assum ing you cannot contact anyone from your cellphone because there is not a signal on the island, getting noticed is also extremely important. Building a fire that creates lots of smoke is recommended.Using dead and dry palm leaves creates a thicker more noticeable smoke. Collecting dry tinder from trees is helpful, especially hibiscus tree's, which are common on most Pacific islands. A fire is also important for cooking food, staying warm and keeping the insects away. As for food, fishing is an obvious go to. But remain cautious of the types of fish you eat. Stay away from fish with spikes or abnormal structures. Fish are a good source of omega-3 fatty acids, they reduce blood pressure; they are rich in protein, vitamin D, alcium and many minerals.If you have hunting skills you could also go hunting, there is likely to be boars on the island and a variety of other meaty animals. Building a shelter is vital; it needs to be done before dark. That way you do not have to go snooping throu gh a forest in the middle of the night in which you have no idea what lies ahead. Find a spot that provides protection from the wind, sunlight, and animals. Use shaped sticks for the frame and dead palm tree leaves for the roof. Search for a vine to tie together everything so it stays put.Put leaves in the inside of your hut to create a floor to rest on. Waiting patiently is very important. Keep yourself busy so you do not feel like you are going crazy. Go for a swim, work on building a safer shelter and explore the forest. You have plenty of time on your hands, so do as much as you can to make the time pass until you are rescued. References http://www. survivalskillstoday. com/Hot-Tip-How-to-Survive-on-a-Deserted-Island. html http://purpleslinky. com/humor/life/castaway-five-top-tips-to-survive-on-a-deserted- island/ surviving on a desert island By heavyflow

Adolescent Stage – Short Essay

Angelica Lopez Adolescent Stage The term adolescence is commonly used to describe the transition stage between childhood and adulthood. Adolescence is also equated to both the terms â€Å"teenage years† and â€Å"puberty. †I fully agree that this stage in the human life cycle is the most difficult. Adolescence is basically a time of storm and stress. This concept may be recognized in the various dimensions of self. These dimensions include: physical, intellectual, social, emotional, and ethical self.In the adolescence period, an individual’s hormones begin to react at various moments, hence, the emotional dimension is present causing feelings such as: love, happiness, sadness, and anxiety; these feelings may lead up to stressful situations which are difficult to handle. Storm, is recognized in the individual social dimension because he/she will be exposed to society more and various problems will arise depending on their level of socialization. The physical dimen sion is visible due to the fact that the adolescence body begins to develop which may be difficult depending on how the individual views his/her self with the changes.Intellectually, the teenager has the capacity to learn a variety of things; therefore, he/she will have a hard time adapting to the higher level of education. The ethical self is most important in my perspective because it defines an individual value system, and teenagers are faced with peer pressure at this stage; hence, arising at problems due to peer pressure with knowing what’s right and wrong. The various dimensions mentioned prior are key aspects in the development of an individual.The adolescence is face with more responsibilities for each dimension at this stage; consequently, allowing difficulties to arise as the child has to adopt to such a stage in his/her life. As you can see, many conflicts are possible at this stage of life as it is a major transition that occurs for a child. To conclude, I believe it is defiantly the most difficult stage in the human life cycle because I am experiencing such a stage, and I feel that the amount of hardships that I must endure has prepared me for life’s journey .

Is punishment always the right solutions to stop crime? Essay

Punishments are meted out for three reasons – deterrence, retributivism, and incapacitation. The first, deterrence seeks to prevent future wrong doing. Retributivism is linked to notions of justice where crime must be met with an appropriate punishment. The last, incapacitation, seeks to protect society at large from criminals. This essay will examine whether punishment is always the right solution to stop crime, in light of the reasons for dishing out punishment to criminals. From the perspective of justice, punishment is the right solution to stop crime, as justice must be upheld in society. However, from a more pragmatic point of view, punishment may not always be the right way to stop crime as it is often ineffective. Instead of just meting out punishment, the right solutions should focus on educating and reforming the offenders as well as educating the general public for the sake of a better society in the future. Read more: Essays on crime Deterrence From a practical perspective, punishment is not always the right way to stop crime as its deterrence effect is limited. For the offenders, deterrence presents a threat of negative consequences to prevent offenders from engaging in criminal activity in the future; for the public, deterrence send a message to the general population to show that if one engages in criminal activity, there will be severe consequences. The assumption is that human beings are rational to weigh the benefits and loses of committing a crime. It might seem that the prospect of receiving a death sentence would deter murderers from committing such offences. However, many studies on deterrence and the death penalty do not support this idea. The deterrence theory is not always applicable to all the cases, especially for violent. This is because most of the time when the offenders commit violent crimes, their criminal intent overshadows their ability to think rationally of the consequences of their wrongful act. For instance, terrorists are willing to sacrifice their lives to commit the crime, so even the most severe punishment death penalty does not serve as a deterrence for them. Also, a recent study published in the Journal of Criminal Law and Criminology reported that 88% of the country’s top criminologists surveyed do not believe the death penalty acts  as a deterrent to homicide. These statistics all shows that the deterrence effect of the punishment cannot always erase people’s intent of committing crime. As long as offenders are willing to take the consequences, the deterrence effect does not work on them. In contrast, the alternative of civic education, can help erase people’s intent of committing the crime. Unlike the deterrence effect, it has an edifying effect. With implanting the right positive values, the potential offenders would learn how to find alternative methods to release their anger to someone or to distract themselves from committing the crime. In this way, their negative intent can be erased and result in stopping the crime. Therefore, in my opinion, the civic education is more effective than punishment and it should be right solutions to stop the crime. Retributivism While in many cases, punishment metes out the appropriate justices, this is not true in all the cases. Sometimes, punishment may be blind to the causes of the crime and the circumstances of the criminal. The result is that punishment is not always the right method to stop the crime. Retributivism is a form of justice, whereby when an offender breaks a law, they are required to forfeit something in return. It is based on the principle of lex talionis: â€Å"An eye for an eye, a life for a life†, which states that whatever crime carried out will be punished proportionally. Another purpose of retributivism is to bring the closure for the victims for a short term, however, this only brings short term benefits for victims. In the long run, the retributivism does not serve to solve the real problems of the offenders. There are many cases that criminals may be wrongfully accused and sentenced to death. Cases like Li Yan, a Chinese woman who killed her abusive husband after 4 months o f brutal domestic violence was sentenced to death. However, her action can be regarded as self-defense. Hence, Amnesty International East Asia has tried to call for a reversal of the sentence. The real problem behind this crime is the lack of protection of women from the domestic violence in China. However, the judgment only focused on how Li Yan should give her life for a life. The punishment actually fails to address the fundamental causes of crimes and fails to do true justice, given that the criminal has sympathetic circumstances. In many cases, offenders committing crimes may due to some reluctant difficulties or they need  survive in a harsh conditions. Therefore, instead of just meting out the punishment blindly, it is more important to ensure that true justice is done, such that criminals are not wrongfully convicted. This can be done by solving the social issues behind the crime and it is a more proper solution to stop the crime. Incapacitation Incarcerating dangerous people to get them off the street and remove them from society helps prevent future harm by these criminals. Imprisonment punishes people by removing their right to personal liberty. However, the incapacitation effect does not serve to educate and reform the offenders. Once the offenders are released from prison, they may easily commit the crime again. Jon Venables, 31, was released from jail just over 3 years ago, but was soon was sent back to prison for distributing child pornography. When he was ten years old, he served 8 years for killing two-year-old kid called James Bulger. James’s parents were furious with the decision to release such a danger person as they believe it is only a matter of time before he commits another crime against a child. There are many offenders like Jon Venables who always repeat the same crimes. This shows that incarcerating the offender is not able to reform him into a good person. Solutions should achieve the purpose of e ducating and reforming the offender on top of imposing a penalty for their wrong doings so as to stop him recommitting the crime. The incapacitation effect of the punishment clearly fails to serve this purpose. Many offenders start getting into their criminal habits since young. The lack of correction from their parents or school indulges their wrongfulness and results in the difficulties of reforming them after they are grown up. Therefore, punishment is not always the right solutions to stop crime as it does not change or reform offenders’ habits and concepts. Compare to civic education, it is clearly far more efficient for stop the crime as it help form the good habits and moral concepts in people. Moral education enlightens the general public’s sense of justice. Implanting positive values in youth is the best way to prevent crimes as foster the good characters and habits need to start cultivating from childhood. The punishment is essential for society to function. We sleep well at night because criminals are being locked up and punished, and victims feel that they have achieved redress for the wrong suffered. A  survey in 2005 shows that 95% of Singaporeans feel that death penalty should stay as it increases the sense of security. Hence, while it is true that sometimes criminals are wrongfully convicted, and that they may not be deterred or reformed, we do need a system of punishments in place due to our notion of justice. We cannot completely adopt an educational or rehabilitative approach. In conclusion, while punishments can be the right way to stop crimes (at least in terms of justice and how punishments are a reflection of the moral code of society), the effectiveness of punishments can be limited, hence perhaps it should be implemented in conjunction with other approaches.

Anti-Social Behavior Policy Essay Example | Topics and Well Written Essays - 2000 words

Anti-Social Behavior Policy - Essay Example Margaret Thatcher the conservative prime minister was the initiator who linked crime as the internal social issue that affects the victims and society on a whole. In seventies the act carried out by burglars, violent union members were considered as a crime. The after math developments of the economy and the society being diversified has elevated the freedom of the society where common man handling guns for an immature criminal act. These activities were at times carried out even by the juvenile generation questioning the levels of freedom. These people being in the society damage the values and moral essence of the society. As the moral values of the society depletes the society at times may be regarded as harmful to survive. Keeping in view of the social values, the community has to be reformed at every stage to enlighten the generation to lead a disciplined life together. Margaret Thatcher largely succeeded in highlighting the impact on society but unable to implement. John major the successor had tried to unite the political concerns and the electoral concerns. The momentum for constructive authoritative move resulted due to the incidents of 1992 where the young offenders went on rampage. The reports indicate that 104.5 indictable were recorded by thousand population1. This issue was made political 1993 and was projected as major political issue. 1993 and 1995 were the years where there was a 25 per cent in crease in the number of people imprisoned stands at about 74000. The above graph reveals that the crime rate has been on a raise from 1960 an according to report of house of common libraries depicts that there is an increase in crime rate from 1960 in England and Wales. 1 Source: The British crime survey Fig.2 The graph depicts that a major change has occurred after 1980 where it has been observed that the crime has slowly increased. The significance aspect of this is that the accused were the youth who were the main culprits in eve teasing, damaging properties, graffiti etc. youth turned violent, vandalism, and verbal abuses were major issues where as the repetitive nature of harassment like the noise, improper behavior created an unsocial atmosphere in the living environment When the concern elevates to an extreme level the unacceptable activities generated a social fear and commotion. The ignorance may become an excuse and the accused may turn more unbearable. There is a need to curb this menace at this initial stage to regulate it without reaching unacceptable levels. So the anti social behavior has gained importance. Anti social behavior has wider scope of concerns which may not be acute as a criminal offense, however in the long run people are experiencing the ill effects of ASB. The crime which has shaped into more social concern evolved from extremist activities to the acts perceived in unconscious states and out of rampage. The fact that 1991 to 1995 saw a huge raise in crime rate is visible in graph above. The legal initiatives taken in 1995 and 1996 kept a hold regulated the crime rate from that juncture. The acts like public order act, Environmental act, Housing acts existed to cater the existing requirements. To unify these acts and to cover all these above concerns under one roof "Anti social behavi

Bi-lingualism and Second Language Acquisition in Children. The Essay

Bi-lingualism and Second Language Acquisition in Children. The benefits of doing so and which approaches are more advisiable What negative aspects highlighted - Essay Example Myths and fears abound but bilinguals themselves can disprove them. It is safe to say that today bilinguals are as successful as monolinguals in various discipline, perhaps even surpassing them. More discussion will be given time on the professional side of dealing with this phenomenon. There can be negative results, it is to be expected, but in our research we noted the positive sides reported by well-known experts in the field of linguistic and language study. Other topics discussed here are the causes of bilingualism, definition of bilingualism and who are to be called bilinguals, the results of the various studies of bilingualism, and other language and linguistic areas of study that affect or are affected by bilingualism. As an introductory part of the subject, we know bilingualism usually means knowing two or more languages; bilinguals can communicate to a group or a larger group, and to a diversified group of people as well. Bilingualism has struck many states throughout the world. More and more states have more than one language due to the presence of immigrants and new comers from places suffering from environmental or man-made forces. Some countries have turned into bilingual with more than two official languages; sometimes their communities speak more than the recognized languages. There are questions that this essay will attempt to answer, questions such as: What is the child’s native language? Should the language in the community or what is popularly spoken be the child’s native language? What must the community and educational institutions do to help bilingual children? What should parents do to deal positively with their bilingual children? Will bilingual children learn English, and will the experience of learning two languages lead to either cognitive or linguistic confusion? There are various phenomenological aspects of bilingualism that can be talked about considering that this is a broad and

Child Language Disability Essay Example | Topics and Well Written Essays - 3750 words - 1

Child Language Disability - Essay Example These questions are then valued on the basis of the frequency with which the child demonstrates a certain behavior (Niparko, 2009). This test revealed that the child able to appropriately use the auditory input in quiet listening situations, however, the background noise seemed to disturb her making it more difficult for her to interpret auditory input. Â  Such difficulties are commonly faced by individuals with hearing impairments. According to Marschark (2007) deafness leads to serious consequences on literacy, educational achievement as well as the socio-emotional development of children. This child was enrolled in a school for children with hearing impairment. She has undergone two cochlear implants, twice. Children with a cochlear implant may face minor difficulties in developing abilities to listen or speak properly. However, they are more apt in learning through visual aids. The learning style of every child varies. Hence even after the implants if the child displays greater competence in learning through visual aids rather than auditory aids, and prefers to learn and speak through sign language rather than learn to speak in English, then they should be encouraged to do so (Christiansen, Leigh, 2002). Â  Since this child has difficulty in language development and social skills, she may need special attention from the teachers, which includes individual speech and language assistance beyond the general classroom sessions. Auditory training can also be given separately where the focus is mostly on language reception and speech production of the child. Such activities will help in improving the child's listening skills (Clark, 2003).

Identifying and Clarifying Opportunities Case Study

Identifying and Clarifying Opportunities - Case Study Example This approach to decision making may pose as one of the biggest challenges for future survival and growth of  MLR. MLR is positioned as a casual, full-service restaurant that caters to a relaxed and fun-loving crowd. The chain strives to attract people who enjoy socializing and hospitality. The management however does not want to project the restaurant as a pub, sports bar or other drinking establishment. The present positioning is based on the founding members own experiences and not on any marketing research. MLR competes in the marketplace on the plank of differentiation. The restaurant offers a signature dish which is consistent with consumer’s preferences for healthier diets. The founders did not use inputs from consumers before finalizing these important marketing decisions. Likewise, there has been no effort to segment the market on any quantitative or sophisticated market assessment tool. MLR is presently facing cash flow problems. The costs have risen, however the revenue has not increased proportionately. The restaurant has accumulated large amount of debt. Heavy interest payout is compounding the issue of large cash outflows. The annual sales of MLR have risen consistently from $1,472,000 in 2006 to $ 17,222,000 in 2009. The projected sales of $22,329,000 for the year 2010 represent a 30 percent growth over the previous year. On the face of it, these figures suggest that MLR is doing pretty well. However they mask some important aspects that need attention. First and foremost is the fact that rate of growth in sales has been falling every year as depicted in the table below. Despite this slowdown in the sales growth rate, revenue per store has continued to increase every year. During the fiscal year ended April 30, 2009, which included the worse part of the economic recession, the average revenue per store was $1,435, up from $1,372 during the comparative

Molly Spotted Elk Research Paper Example | Topics and Well Written Essays - 1000 words

Molly Spotted Elk - Research Paper Example It is therefore believed that Molly Spotted Elk’s life was â€Å"a trail of tears† or a life of sadness and pain. Childhood Molly Spotted Elk was always believed as a â€Å"remarkable person in any light†3 just like what a former director of the Penobscot Nation Museum thought of her. Moreover, the same director thought of her life as â€Å"one of the most amazing unknown lives of any modern American woman,†4 despite the fact that she must have lived a sad life made up of several challenges. The struggle of Molly Spotted Elk must have begun early in childhood. Molly was born on Indian Island, Maine on November 17, 1903 as Mary Alice. Her mother, Philomena Solis Nelson, was a Maliseet Indian and one of the most prominent basket makers of her day. On the other hand, her father, Horace Nelson, was then a future governor of the Penobscot Nation, and was the first member of that Indian nation to go to Dartmouth College. Moreover, Molly’s grandfather had once been a chief of the Maliseet tribe in Canada5. As a child, Molly was different from her seven younger brothers and sisters for she took a great interest in learning traditional dances when she was only 13 years old. She did this in order to financially support her family6. It could have therefore been that at this time, Molly must suffered greatly from having to work for her family at such a young age. Moreover, Molly’s suffering was also evident when she scrubbed floors at night in order to be able to study anthropology during the day. She did this after entering the University of Pennsylvania without having enough money to pay for her tuition7. Moreover, she struggled to make both ends meet for her and for her family as well because she even had to send money to her family from her scrubbing work aside from having to pay for her tuition fee. In fact, â€Å"[Molly] was hungry and she needed to [perform to survive]†8 just like all Penobscot people, who themselves had to work hard and struggle. This must have been difficult for Molly herself considering the fact that she was not only a working student but also that she was a Native American Indian. Career as a Dancer When Molly was a dancer for the vaudeville troupe of the famous rodeo named Tex, she was a dancing sensation everywhere she went. However, although she was, as her family remembered, â€Å"a happy and completely free spirit†9, Molly danced even â€Å"topless†10. This must have been exciting even for her but it does not change the fact that a woman who dances topless does not care much about her image and reputation. Molly must have therefore suffered much at this point in her life. Career as an Actress In 1928, Molly Spotted Elk’s friendship with a Hollywood producer made her star in â€Å"The Silent Enemy,† one of Paramount Pictures’ last silent movies. Molly played the role of Neewa, the daughter of the tribal chief. In the movie, she was amon g the Ojibwa Indians who struggled against hunger, which was the silent enemy of the Indian people before the coming of the white man. The problem was that Molly had to endure the harshness and cold of the Canadian weather in the process. To make matters worse, the movie was not a success at all11. Life in Europe After the failure of â€Å"The Silent Enemy,† Molly went to Europe briefly to dance in front of the Old World Royalty, which included

CRIME AND SOCIAL HISTORY Essay Example | Topics and Well Written Essays - 2750 words

CRIME AND SOCIAL HISTORY - Essay Example Since vigilantism has its focus on the control of crime and other social standards, its manifestation is likely to occur in atmospheres rife with crime problems and social inequities (Dumsday 2009, p. 50). When the public watches as their government fails to sufficiently uphold the values and norms it was designed to protect, they are likely to engage in acts of vigilantism (Dumsday 2009, p. 50). The vigilante group form and function because they understand that some established rules are threatened or could possibly be threatened and transgressed (Dumsday 2009, p. 55). Vigilantism also surfaces after a period of organization, rather than by spontaneous eruption (Dumsday 2009, p. 50). South African vigilantism reflects these descriptions. As Buur (2006) describes, South African vigilantism arose in response to the failure of formal law (p. 735). Paradoxically, the one element the vigilantism was primarily responding to was crime (Buur 2006, p. 736). The public’s view of the law enforcement capabilities of their government was very poor, and so they lacked confidence in the accepted and institutionalized norms. In South Africa, a long history of vigilantism exists, including the formation there of a group of vigilantes that rose up to fight a group of hijackers that wore police uniforms in order to more effectively accomplish their goals (Buur 2006, p. 741). The Irish Republican Army (IRA) organized itself to carry out vigilantism in response to British occupation of Northern Ireland (Pruitt 2007, p. 1521). The people resented British presence there for many years, but didn’t organize vigilantism until 1968, after four decades of tension had built (Pruitt 2007, p. 1521). The people of Ireland who shared this common goal of eliminating British rule and reuniting Northern Ireland with the rest of the country organized at nonviolent demonstrations at that time (Pruitt 2007, p. 1521). When the police responded violently to the demonstrations, chaos ensued

Labour Law in Canada Research Paper Example | Topics and Well Written Essays - 1000 words

Labour Law in Canada - Research Paper Example Additionally, the wrangles and inadequacies that the firm experiences, especially communication, might have emanated from the absence of proper training. Therefore, the employer and the executive ought to institute adequate policies, which would impart adequate knowledge to the staff. This is via shunning utilization of its own staff to train fellow peers regardless of the post that they hold. Since, these members of staff also require training due to their evidenced misconduct while dealing with their peers, for illustration, Williams. Prior to any terminations, the firm via its executive ought to have prepared notices meant to inform the staffs regarding the core reasons that prompted their intended discontinuations (Karabegovic 2011). This would be according to the dates stipulated by labour laws, which stipulates when one started working and the duration or alternatively using termination pay option. What are the critical issues to be decided by the board? Employees’ mode of termination was pathetic coupled with rudeness especially by the executives. For example, Williams who rather than sending notices to the staffs or summoning them before utilized the telephone in executing the advocated termination by the employer. The company did not even bother to address the workers regarding reasons, which prompted their terminations. In addition, the issue of meagre wages did demoralize the workers (Karabegovic 2011). Consequently, the employer should improve the staff’s both physical and invisible environment, which will enhance their morale and productivity. These encompass the Store 58’s floor and resolving of the evident wrangles amid the... What are the critical issues to be decided by the board? Employees’ mode of termination was pathetic coupled with rudeness especially by the executives. For example, Williams who rather than sending notices to the staffs or summoning them before utilized the telephone in executing the advocated termination by the employer. The company did not even bother to address the workers regarding reasons, which prompted their terminations. In addition, the issue of meagre wages did demoralize the workers (Karabegović 2011). Consequently, the employer should improve the staff’s both physical and invisible environment, which will enhance their morale and productivity. These encompass the Store 58’s floor and resolving of the evident wrangles amid the staffs. Which party bears the burden of proof and why? In this situation, the employer via the managerial body bears the burden of proof due to their witnessed misconduct. This is especially the manner in which the executive contacted terminations coupled with their rude remarks especially towards the employees (Karabegović 2011).

Those Winter Sundays Essay Example for Free

Those Winter Sundays Essay Upon first reading the poem â€Å"Those Winter Sundays† by Robert Hayden, I was an objective reader who assumed Hayden was looking back with nostalgia at his lost childhood. Without researching the poem, as well as Hayden himself, I had no way of knowing his background as an adopted child to unhappy parents in a dysfunctional household. After reading several sources, I’ve formed a somewhat new outlook on the poem and what it means not only to we the readers, but also to Hayden the poet. One of the aforementioned sources used was Ann M. Gallagher’s â€Å"Hayden’s ‘Those Winter Sundays’† in which Gallagher basically provides an objective explication of the poem. She picks apart the poem’s main characteristics, and manages to understand something that I as an explicator had not: that Hayden obviously came from an unhappy childhood. Gallagher expands on that topic without ever mentioning any research she had done on Hayden’s biography, but solely on evidence from the text itself. Another of the texts used was Pontheolla Williams’ book Robert Hayden: A Critical Analysis of His Poetry. In this book, Williams spends most of the first few chapters delving into Hayden’s biography and where he grew up. Hayden was raised in Detroit with his adoptive parents, William and Sue Hayden; however, he still frequently visited his biological mother, Ruth Sheffy, in New York, and his biological father in Indiana (3-4). In this book, Williams connects how the difficulties of growing up with two sets of parents contributed to â€Å"Those Winter Sundays.† My final source was Phillip M. Richards’ article, â€Å"Robert Hayden (1913-1980): An Appreciation† from the journal, The Massachusetts Review. This source focuses more on Hayden’s intellectual journey such as where he went to college, which scholars influenced him, and how this was portrayed in his poetry. Richards reveals that Hayden was privileged to attend college with the â€Å"cream-of-the-crop of the Southern black college world,† and that this greatly influenced his poetry (602). Each source brought new information to my attention, and I found all of that information essential to further understand the poem itself. For example, Williams’ book revealed a whole background analysis on Hayden that without knowing, one might neglect to connect â€Å"Those Winter Sundays† with Hayden’s actual life. Hayden’s adoptive parents’ marriage was not a particular happy one, and so Hayden’s description in the poem of â€Å"the chronic angers of that house† which he grew up in becomes more than just the squeaks and groans of an old house, as I first contemplated in my explication (9). After reading Williams’ book excerpt, I saw a new aspect of the poem, understanding the tension between Hayden and his adoptive father who was â€Å"[dissatisfied] with his uncertain status as an adoptive parent and the fact that he and Mrs. Hayden did not get along very well† (4-5). Had I not known this, my understanding of the poem would have been limited. Likewise, in Phillip Richards’ article, new information about Hayden’s intellectual past was made evident and gave me a new perspective on how that played into Hayden’s work. When Richards states that â€Å"Hayden has been so influential a poet because he developed such a suggestive model of the history poem, a poem that searches the personal or public past for significant truth that the poet might present to his audience,† this pattern is brought to attention in â€Å"Those Winter Sundays† (611). Hayden is reflecting on the history of his childhood, finding the truth behind his father’s affection and ultimately, their relationship. This pattern was evident not only in Hayden’s work, but also in that of his intellectual colleagues’ which helped to shape his style. Had I not read this source, I would not have made the connection between â€Å"Those Winter Sundays† and Hayden’s intellectual journey. Finally, Ann M. Gallagher’s article was a perfect example of what an objective explication should look like. Until reading this article, I didn’t really know the extent of what was expected in an explication. Gallagher draws information solely from the text itself that my own was definitely lacking. For example, Gallagher brings attention to the seemingly unhappy marriage between the Haydens when she states that â€Å"one slowly becomes aware that it is not only the child who does not thank the hardworking father. ‘No one ever’ did†¦where, for example, is the woman of the house? Why is there no one to minister in love or duty†¦?† (246). In one statement, Gallagher has managed to open an entirely other facet of Hayden’s motivation. Gallagher’s explication changed my understanding of not only the poem, but of what a thorough explication entails. Additional sources are not only helpful when writing a paper, they are essential. Not because one’s own ideas are not good enough, but because to enhance and expand upon those original ideas, research must be done. I would never have known Hayden’s family background had I not researched it, and I would have been completely ignorant of that side of â€Å"Those Winter Sundays.† Likewise with his intellectual background, as well as the evidence from the text itself; had I not come upon others’ opinions and revelations, I would not have been able to make my own. While it is, of course, inexcusable to copy another’s work, it is conducive to use that work to further enhance your own ideas.