Satirical Essay on Facebook

Facebook and MySpace are one of the many social networking tools that teens use to communicate. Many spend most of their day browsing other teen’s profiles and updating their own. After all, having a cool profile page and lots of friends is very important in showing off your cyber social status. I don’t like to boast, but Tila Tequila accepted me as her friend on MySpace. I leave her comments fairly often and I’m hoping that one day she will actually reply! Although she has almost 1,000,000 friends, I’m convinced she visits my profile often. We have never had a real conversation but I read her bulletins all the time. I know she is always aware of my updated status and I am positive that’s why she never comments. I myself have about 200 friends. I have only had real conversations with about 50 of them, the rest are people I have spoken to once or twice in my life. Of course I have many other music and movie stars, in addition to Tila Tequila. They are really good at keeping in touch with me thru bulletins. Being constantly made aware of my friends status updates such as, â€Å"I am going to an awesome party tonight†, or â€Å"Today was such a good day†, puts me ahead of the crowd. I don’t know what I would do if I didn’t know what my friends were doing every minute of every day. Like everything else, there are some downsides to MySpace and Facebook. The biggest problem I have encountered is what to do when someone I know, but don’t like adds me as a friend. I occasionally get friend requests from strange people who I met once, but am glad I have never seen again. The problem occurs when they add me as a friend and I don’t want to accept them. Not accepting a person is another way of telling them you don’t like them. However, if you accept them you risk having a long and awkward conversation with someone you don’t like. I guess this is just a problem you have to overcome when maintaining your virtual life. On the brightside, there are many upsides to MySpace and Facebook. You can use programs to remove pimples from your face when uploading your pictures. You can look at the extremely useful surveys people take and find out their favorite band, what their favorite food is, how long they shower for, and many other important facts. You can fake your identity and get pictures of really good looking people with nice cars and claim they are you so you can become really popular. You can even stay in your room for 7 hours straight and not get bored! I truly feel that Facebook is â€Å"a place for friends†. It is friends who have too much time to remain online each day. This realization comes to me very sadly, however, as I do enjoy reading about how Tila Tequila’s day is going. Maybe one day she will come to the same realization and we can have a conversation in the real world.

Change management: the implications of self-interest on organizational change

Introduction Organizations in the modern business environment face rapid change driven by globalization and continuous technological innovation. To adapt to this rapid change and to be successful in enhancing organizational performance in this environment, an effective approach is required to facilitate the transitioning of individuals, teams and organizations to a desired future state. A structured approach enabling organizational change would ensure smooth change and successful implementation in the pursuit of lasting benefits (Bennis, 2000). Despite this need, efforts towards organizational change often run into some form of human resistance due primarily to the diverse ways in which individuals and groups act in response to change. However rational or positive, change often causes some form of emotional turmoil and involves perceptions of loss and uncertainty (Beitler, 2005). Kotter and Schlesinger (1979; 451) identify four common reasons people resist change including: †¦Ã¢â‚¬Å"a desire not to lose something of value (parochial self-interest), a misunderstanding of the change and its implications, a belief that the change does not make sense for the organization, and a low tolerance for change.† Self-interest is a major reason for resistance within organizations with people focusing on their own best interest and not those of the entire organization. This paper explores the effect of self-interest in change management evaluating the view that this factor necessitates the adoption of pluralism in organizations with regard to management styles and approaches, organizational design, culture, and decision-making. Also evaluated is the view that although self-interest undermines the concept of â€Å"shared organizational vision,† it is essential to the comprehension of the nature of resistance to change and how that resistance might be managed. This is achieved through an in-depth analysis evaluating organizational context, culture as well as employee beha viour and attitudes which are linked to potential resistance. It contributes to the understanding and application of change management processes and how transformational change can be sustained towards enhanced organizational performance. Parochial self-interest Despite potential positive outcomes, it is nearly always the case that change is resisted. A degree of resistance is normal and acceptable given that change and its attendant process is often disruptive and stressful (Lawson and Price, 2003). A degree of scepticism can also be healthy especially when there are actual or perceived weaknesses in the change proposed, which need to be addressed for the change to have desired positive outcomes (Frese and Fay, 2001). However, resistance in any form and from whatever cause impedes the achievement of business objectives which form the essence of the pursuit and effective management of organizational change (Bennis, 2000). It is a widely held opinion that humans are born with self-interest as an innate tendency and their primary motive, which underlies their outwardly evident behaviour, is to safeguard and to improve these interests (Miller, 1999). This tendency is often automatic, habitual and is in most cases exercised without conscious tho ught (Mansbridge, 1990; Miller, 1999). Self-interest is, therefore, part of normal human nature inherent in our being with every individual having the propensity to narrowly focus on their own best interest and self-preservation before that of others including the organization. Self-interest concerns individual regard for the implications of change for themselves linked to a desire not to lose something of value. In the context of organizational change, this concern and regard for self often causes individuals to resist changes or alterations, particularly if there are suspicions or negative perceptions regarding the changes or circumstances (van Dam et al, 2008). Strong resistance to change is however often rooted in feelings that are historically reinforced and deeply conditioned, established ways, procedures, or methods which could be subject to disruption through the change (Battilana and Casciaro, 2013). Resistance could also result from the individual’s perception of a particular situation, as well as their levels of tolerance for change which could be linked to other causes of resistance such as inadequate information and/or understanding of the necessity and implications of the change; adequate skills development and training; trust and a sense of security; and overall employee relations in organization settings (Zander, 1950; Beitler, 2005). However, in some cases, self-interest has negative connotations of greed and selfishness in the context in which such self-concern goes against the interests of others or widely accepted moral values (Miller, 1999; Rocha and Ghoshal, 2006). In this case, an individual acts to safeguard individual benefits and/or to enhance gain without regard to the impact and effect of their decisions and actions on others including the interests and objectives of the organization. In the exploration of the nature of self-interest and its implications in the context of organizational change, this paper reviews two theoreti cal viewpoints applicable to this focus. These include the rational-economic view which is discussed alongside complementary theories, such as the bureaucratic-hierarchy organizational theory and the neo-institutional economic theory; and the humanistic view, in which the communitarian and collaboration theories are addressed. These orientations reflect a shift in regard for human nature and behaviour from the traditional narrow definition of the rational, egocentric individual to a greater recognition of capacity for other-orientation and willingness of individuals for collaborative action. Theoretical context In neoclassical economics under the capitalist system, the business environment is portrayed in a mechanistic nature with businesses portrayed as ‘machines’ serving primarily for profit maximization subject to iron laws of competition (Mahoney, 2005). This linguistic scheme tends to ignore reality and focuses strictly on mathematical grammar which ideally, albeit not factually, replaces human judgment with algorithms (Rubinstein, 2006). It does not anticipate challenges regarding the human component of organizations, assuming it to be among essential factors of production. However, the human component in business is significant and cannot be ignored or eliminated in the conduct of economic activities; being an essential space through which individual participants exercise responsibility (Sen, 2002; Harder et al, 2004). Businesses in the modern world have to grapple with the human resource component, given the rapidly changing nature of business and greater flexibility an d freedoms of employees participating in production. A central concern in the study of organizational behaviour is how to get employees to contribute high levels of effort and performance to their organization’s collective interests (Mahoney and McGahan. 2007). It entails the pursuit of mechanisms through which to achieve greater alignment between the self and the collective interest (Lawson and Price, 2003; van Dam et al, 2008) essential for the achievement of enhanced organizational performance and crucial in the modern dynamic business environment particularly in moments of change. On one hand, in the context of neoclassical economics, the practice and study of organizations has been based on the foremost assumption of individuals and organizations as rational actors pursuing their self-interests in an inherently competitive space in which several parties involved strive for scarce resources (Diefenbach, 2007). This is the basis for the rational-economic view which assumes that self and collective interests are essentially in conflict (Zander, 1950). In contrast, the humanistic point of view holds that both interests are not independent of each other, embracing the view that they are compatible (Dierksmeier, 2009). These viewpoints are explored in greater detail. Rational-economic view This view essentially assumes that individuals are independent agents rationally pursuing actions that seek to maximize their own self-interests as a primary motivation for their engagement in economic considerations (Mahoney and McGahan. 2007). This has its basis in descriptions in a set of Theory X assumptions regarding human nature described by McGregor (1960) which are premised on the view that employees are naturally lazy and harbour a dislike for work. Individuals are thus reluctant to contribute to the objectives of the organizations, pursuing only money and security. The objective of organizations, then, is to control individual behaviour through rational and efficient organizational structures and processes which ensure consistency with organizational goals and objectives such as stability, efficiency and productivity (Sen, 2002; Dierksmeier, 2009). In this view, organizational design, administrative structure and management approaches adhere to bureaucratic-hierarchical for m. The design of tasks follows principles of division of labour and efficiency maximization pegged on classical economics (Diefenbach, 2007). Control is achieved through systems of authority in the structure, written rules and regulations, punishment and coercion for deviants, as well as incentives such as career advancement and compensation for compliance (Mahoney, 2005). Recent emergence of neo-institutional or organizational economics applying rational-economic assumptions to the analysis of organizations has gained in popularity. This approach relaxes the narrow assumptions of rational economics and departs from the simplistic and negative view of the nature of humans (Sen, 2002; Mahoney and McGahan, 2007). The underlying assumption that humans are rational in intent, self-interest and readily opportunistic is retained though emphasis is made on the assumption of bounded rationality (Rubinstein, 2006; Thomas and Hardy 2011). Neo-institutional approaches, in their various constit uent theories, are premised on the perspective of ready belief that individuals are likely to seek avoidance, to withhold effort, or to act deviousness in pursuit of their own interests (Diefenbach, 2007; Folger and Salvador, 2008). Hence, self-interest is seen to be in conflict with collective interests with the former taking precedence in determining individual decisions and actions. With a basis on these assumptions, agency theorists who argue for control of agents (i.e. employees) by the principal (i.e. manager) affirm the need to adopt mechanisms for incentive, monitoring and control to align the conflicting interests and to prevent agents from pursuing their individual self-interest without regard to organizational goals (Kotter and Schlesinger, 1979). Proponents attempting to solve problems associated with collective action advocate the use of mechanisms to distinguish individual contribution (or lack thereof) which enable incentive or sanction mechanisms (Diefenbach, 2007). This perspective does not consider collective action and collaborative effort in the organizational context as feasible instead promoting greater control and authoritative hierarchical approaches. In its core assumptions, humans are regarded as rational and readily opportunistic making the joint pursuit of a shared organizational vision in organizational settings untenable. In disregard of collective (or organizational) interest, individuals are likely to shirk, withhold effort, and act in devious ways with their self-interest taking precedence and determining their decisions and actions. In this case, pluralism, which entails a bargaining process among diverse and sometimes competing interests in the attempt to maximize the goals of all involved cannot be realized. It is ineffective in organizational settings involving diverse and varied individual interests at play. Despite its significant influence, this perspective has been subject of various criticisms. Its control mechanisms a re deemed to hinder flexibility and responsiveness reducing employee morale, creativity and satisfaction (Frese and Fay 2001; Folger and Salvador, 2008). Its primary emphasis on external control mechanisms and monetary incentives is seen to reinforce and foster negative egocentric behaviour locking out collaborative behaviour essential for the advancement of the organization’s interests (Sen, 2002; Folger and Salvador, 2008; Frese and Fay 2001). The humanistic view This view challenges the core premises of the rational-economic perspective regarding human nature focusing on motivations that underlie human behaviour in a broader orientation (Nguyen, 2000; Lawson and Price, 2003). It is premised on a contrasting set of Theory Y assumptions also described by McGregor (1960) contrasting those of Theory X. These capture the essence of the humanistic perspective including the notion that individuals will to be self-directed, to work hard, and to assume responsibility (Nguyen, 2000; Dierksmeier, 2009). Unlike the earlier approach focused on lower order survival and security needs, such assumptions serve to create more humanistic organizations which endeavour to provide employees with greater opportunity to pursue their higher order needs for self-esteem and self-actualization (Rocha and Ghoshal, 2006; Harder et al, 2004). This view is compatible with the communitarian view which sees humans as multifarious and consequently cannot be limited to concept s such as egocentric, rational and pursuing only their self-interests, not even when regarding their economic transactions (Frese and Fay 2001). Communitarians posit instead that individuals are at the same time rational and social agents, pursuing both concerns of self and moral values of community. In their view, people want and endeavour to be part of and to identify with something larger than themselves, a group or community, and to contribute to some collective good. An ability of human beings to have and to express sympathy for others and to demonstrate commitment to other-oriented values and principles is consistent with this perspective (Nguyen, 2000). Incidentally, in instances when self-interests are in conflict with moral values and commitments in a social setting, the latter in communitarian theory, often supersedes the former as the basis for individual decision making (Mansbridge, 1990; Folger and Salvador, 2008). The communitarian perspective generally advocates for i nvolvement and participation, as well as engagement in civic, collective, and social processes and activities to encourage social and moral behaviour among individuals (Lively, 1978; Battilana and Casciaro, 2013). This backs up the premise that the use of economic incentives and factors that are intrinsically motivational can foster greater alignment between self- and collective interests resulting in an internalized moral commitment to collective good rather than one which is induced or incentivized (Lawson and Price, 2003). This perspective can also be subsumed under the collaboration theory which is of the general belief that individuals have social-moral potential for the pursuit of collective interests and thus are collaborative in nature (Harder et al, 2004; Rubinstein, 2006). Proponents of this perspective have suggested that organization based on the rational-economic perspective is insufficient and incapacitated in the modern dynamic, information-based society linked in net worked systems (Mahoney and McGahan. 2007). Others also posit that there are a number of positive benefits that could accrue from organizational structures, management approaches and incentive mechanisms consistent with collaborative assumptions. These include: increasing positive behaviour due to organizational citizenship and belonging (Battilana and Casciaro, 2013); enhancing willingness and motivation to perform; facilitating high levels of morale and creativity (Frese and Fay 2001); improving the quality of team-based action and work; support of win-win approaches to resolution of problems; besides enabling greater systemic coordination (van Dam et al, 2008).Communitarianism and the collaboration theory support and front the humanistic idea that there can be significant benefits for organizations from design features and management practices oriented towards shared power with employees through increased opportunities for co-leadership, autonomy, empowerment, self-management and participation. Collaboration theory is also premised on the view that due to the interdependence of an organization’s constituent parts, there is no inherent conflict between individual self-interest and the organization’s collective interest (Lively, 1978). Research on organizational culture, for instance, has shown that organizational effectiveness can be enhanced when employees are bound together by shared values, beliefs and practices, in their natural inclination to protect and advance collective interest (Lively, 1978; Battilana and Casciaro, 2013). The collaboration-oriented approach advocates for the replacement of traditional principal-agent relations and hierarchical authority serving to control and to direct employees by a pluralist stewardship approach to management. This aims to meet the needs of various stakeholders while serving the interests of the entire organization (Lively, 1978). This view and orientation favours pluralism given that individuals in the organizational context, with diverse and sometimes competing interests, are considered to have the capacity to co-exist and to achieve democratic equilibrium essential for the obtaining of a win-win compromise. This compromise and cooperation is essential for the change process and the attainment of enhanced performance. Accordingly, self-interest is not a hindrance in the pursuit of a share organizational vision given the potential for individuals to have shared values, beliefs, and practices, and a natural inclination to protect and to advance collective interest. Such a shared vision can be attained through the pursuit of a stewardship approach to management. These recommendations are however criticized for their optimism with regard to moral values, trust and willingness to contribute and to collaborate. This optimism is deemed by sceptics as underestimating the potential pervasiveness of self-interest, the strengths of existing power relations, and the risks of democracy i n the establishment of business relations; factors which necessitate the pursuit of greater managerial/principal control and direction (Folger and Salvador, 2008). The need for greater focus on self-interest In organizational settings, various individuals and different personalities are engaged and interact each with their own priorities and motivations. Behind the various economic facts pursued by organization in their operations are free human beings (McGregor, 1960). Unlike unalterable laws of nature, structures of economic behaviour are influenced by notions and ideals of these interacting individuals that are engaged in it (Frese and Fay 2001). Time and again throughout history, it has been shown that economic behaviour changes with alterations in human attitudes eroding various economic laws (McGregor, 1960; Harder et al, 2004). The individual freedom and ideas about its responsible use plays an eminent role in the economy and if directed and employed appropriately can have significant impact in furtherance of shared organizational vision and objectives. These freedoms and ideas and their individual application in various contexts cannot be conceptualized by abstract methods, predi cted or computed (Nguyen, 2000). Unlike physical systems, human beings form theories about their contexts and act, not simply driven by material causes as often assumed by economic theory, but upon their personal interpretations of the world (Lively, 1978; Dierksmeier, 2009). In the context of organizations and in everyday life, resistance is not a single set of behaviours employees exhibit in situations such as when change is instituted. It comprises various reactions, sometimes unconscious, to forces acting on individuals or groups in a particular environment and context (Thomas and Hardy 2011). Reality in business in the organizational context therefore requires â€Å"messy† procedures and qualitative assessments which result from unpredictable democratic as opposed to technocratic decision-making procedures (van Dam et al, 2008; Thompson and Martin, 2010). There can therefore hardly be a singular effective method or approach to the management of resistance as it requires that all the diverse concerns and needs be addressed. It is also noteworthy that the common reason leading to resistance such as the desire not to lose something of value, a misunderstanding of the change and its implications, and low tolerance for the change can in some way be tied up to self-interest (Harder et al, 2004). It is therefore imperative to focus on the particular self-interest of the various individuals so as to predict potential causes of the resistance, to create an understanding on the nature of their individual and particular resistance to change, to predict their individual responses to it, and to seek appropriate response to mitigate the concerns or to tackle upcoming issues. The various reactions to the change help to elucidate the effect and actual or potential impact of the change, which might not be evident in a closed hierarchical and controlled command system. Such an approach enables the realization of greater success in the change process as it enables jo int diagnosis of problems, fostering of consensus, development of a shared vision, enhancement of cohesion and revitalization in the path to the new vision, as well as the development of all-inclusive formal policies and enhanced monitoring and adjustment. It thus is not a coercive and an impelled process but one that is inclusive and shared. The more people’s needs are better understood, the better the management of the change process and the better the involvement and participation of affected individuals in the process. It is only through such wide engagement and consensus that any transformational change desired can be effected and sustained. Conclusion Regardless of the many types of change, a critical aspect is an organization’s ability to buy-in its employees to the change. This is the predominant reason why evaluation of the implication of self-interest, particularly the unbridled parochial self-concern, is essential to change management enabling the understanding of the nature of resistance to change and therefore how such resistance might be managed. Such a capability can facilitate the sustenance of transformational change, which enables enhanced organizational performance and consequently, success in the challenging modern business environment. The modern environment, given its attendant dynamism, networked systems and information-based societies, presents a challenge to traditional hierarchical and control approaches to management. This makes pluralist and democratic methods essential for the conduct of business in present day organizations. References Battilana, J., and T., Casciaro, 2013. Overcoming resistance to organizational change: strong ties and affective co-optation (Report). Management Science, (4), 819. Bennis, W., 2000. Managing the dream: Reflections on leadership and change. Cambridge, MA: Perseus. Beitler, M., 2005. Overcoming Resistance to Change. Viewed from: www.strategicorganizationalchange.com Dierksmeier, C., 2009. â€Å"A Requisite Journey: From Business Ethics to Economic Philosophy.† In: The Humanistic Management Network (ed.), Humanism in Business, 68–83. Cambridge: Cambridge University Press. Folger, R. and R. Salvador, 2008. Is management theory too self-fishJournal of Management, 1127-1151. Frese, M., and D., Fay, 2001. Personal initiative: An active performance concept for work in the 21st century. In: B. M. Staw and R. I. Sutton (Eds.), Research in organizational behaviour (Vol. 23, pp. 133–187). Amsterdam: Elsevier. Harder, J., P., Robertson, and H., Woodward, 2004. The spirit of the new workplace: Breathing life into organizations. Organizational Development Journal, 22(2), 79–103. Kotter, J., and L., Schlesinger, 1979. Choosing strategies for change. Harvard Business Review. March-April, 1979 Kotter, J., 1995. Leading change: Why transformation efforts fail. Harvard Business Review, 73(2), 59-67. Lawson, E., & Price, C., 2003. The psychology of change management. McKinsey Quarterly, (4), 30-41 Lively, C. 1978. Pluralism and consensus. In: P. Birnbaum, G. Parry, J. Lively, (eds.), Democracy, Consensus and Social Contract. London: Sage Publications, 188–202 Mahoney, J., 2005. Economic Foundations of Strategy. Thousand Oaks, CA.: Sage, Mahoney, J., and A., McGahan. 2007. The field of strategic management within the evolving science of strategic organization. Strategic Organ. 5(1) 79–99. Mansbridge, J., 1990. Beyond self-interest. Chicago: University of Chicago Press McGregor, D., 1960. The human side of enterprise. New York: McGraw-Hill. Miller, D., 1999. The norm of self-interest. American Psychologist, 54, 1053–1060 Nguyen, H., 2000. Do humanistic values matterAcademy of Management Best Paper Proceedings, ODC: A1-A6. Rocha, H., and S., Ghoshal, 2006. Beyond self-interest revisited. Journal of Management Studies, 43: 585–619. Rubinstein, A., 2006. A sceptic’s comment on the study of economics. The Economic Journal, March: C1–C9. Sen, A., 2002. Rationality and Freedom. Cambridge: Harvard University Press. Thompson, J., and Martin, F., 2010. Strategic Management: Awareness and Change. Cengage Learning EMEA. Diefenbach, T., 2007. The managerialistic ideology of organisational change management. Journal of Organizational Change Management, Vol. 20 Issue: 1, pp.126 – 144 Thomas R., and C., Hardy, 2011. Reframing resistance to organizational change. Scandinavian Journal of Management, 27(3), 322-331. van Dam, K., Oreg, and B., Schyns, 2008. Daily Work Contexts and Resistance to Organisational Change: The Role of Leader–Member Exchange, Development Climate, and Change Process Characteristics. Applied Psychology: An International Review, 57(2), 313-334. Zander, A., 1950. Resistance to change: Its analysis and prevention. Advanced Management, 4(5), 9-11.

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Eugne Delacroix Research Paper Example | Topics and Well Written Essays - 1000 words

Eugne Delacroix - Research Paper Example As a French citizen he was keenly interested in politics as portrayed in his work, Liberty Leading the People (1830). He travelled far and wide, incorporating the Oriental culture in his work. He passes down an impressive legacy to his descendants especially the artistic school of the Impressionists and Neo-Impressionists. Eugene de la Croix was contemporary with the Romanticism movement spanning from 1790 to 1850, rose as a reactionary wave against the Age of Reason or Enlightenment. Romantics are characterized by nature, sentimentalism, idealism, imagination, religion, utopia, memory, symbolism, and heroism. All of these attributes are evidenced in Eugene de la Croix’s works of art. Romanticism is set apart from other epochs because it asserted the importance of individualism; therefore, romantic writers had the liberty to conform to the ideals of the movement and to detour in a new direction according to their own individual desires. De la Croix himself was described as ind ividualist because despite the heritage of his predecessors like Michaelangelo, he invented himself by his own paintings. Because of Enlightenment’s neglect, Romanticism reasserts nature, feeling, memory, symbolic representation, imagination, myth, and spirituality. One can find all these details in De la Croix art work. In Romanticism, nature is lauded as one of the most supreme objects of observation. Feelings and sentimentalism are core aspects of Romanticism since feelings and emotions are the channels through which man expresses thought and creativity. Romantics though that sensory and sensual perceptions also where vital in validating man as a being and not solely the mind as enlightenment intellectuals taught. Memory and imagination are mental transactions which evoke, project, and create images. In memory, anything can happen details can be altered, exaggerated, idealized, and forgotten. Frequently in the romantics’ works, nostalgia and a tender evoking of the past play prominent roles where the romantic’s retrospective vision is viewed in idyllic and perfect color. Romantics often call mythological examples in order to their aid in describing or adding further spiritual or literary significance to their writing. Key examples of De la Croix religious and mythological depictions are Adam and Eva, Christ on the Cross, St. Michael Defeats the Devil, Apollo and the Satyrs, Andromeda, Medea about to Kill Her Children, Apollo Slays Python etc. Eugene de la Croix’s most prominent painting is undoubtedly, â€Å"Liberty Leading the People† (1830). Inspired by the French Revolution of 1830, this painting evokes political idealism and depicts the personified values of the French Republic. â€Å"Delacroix's Liberty carries a tricolor and a rifle, and is in fact leading a revolutionary insurrection. Liberty Guiding the People also strides robustly forward, trampling bodies under foot† (Silverman 72). Portraying France durin g this tumultuous and embattled period, Eugene de la Croix mixes some hard realism with his idealism. The devastating effects of war – fought most times in the name of liberty – are violence and death. However, ironically war and revolution lead to the freedom of the people. This masterpiece sends oxymoronic messages: life vs. death, order vs. disorder, happiness and uncertainty. Here De la Croix himself during the French Revolution of July 1830 describes, â€Å"the fierceness of a combat, in which Liberty herself is the leader and the

Holy Orders Research Paper Example | Topics and Well Written Essays - 3250 words

Holy Orders - Research Paper Example According to the Catholic Church, Christ instituted some of the Seven Sacraments during his ministry. The evidence of these seven sacraments is written and oral both in the tradition, to which the Catholics refer to as the deposits of faith. In addition, the use and presence of all the seven sacraments in the early years of the church are both, documented and present in writings of the Church fathers and as well as the Christian historians. Christ believed that these sacraments were instituted so that the human beings could see a sign of the spiritual effect that they often wish to receive. It was Christ’s way of showing that the spiritual reality is transpired1. Episcopates or bishops are those individuals that are chosen in the Catholic Churches from among the priests. As in the Eastern Catholic Churches married priests are permitted, bishops should be the ones who are widowers, unmarried or those who agree to have no sexual contact with their wives. At times a common miscon ception is seen in all the bishops that they come from the religious orders. This cannot be taken as the absolute reality while it is partially true. The bishops in the Catholic churches should usually be the leaders of the territorial units that are called dioceses. The bishops alone hold the validity to administer the Sacrament of Holy Orders in the churches. Moreover, only bishops are lawfully allowed to administer the sacrament of confirmation in the Catholic churches. In case an ordinary priest administers the sacrament illegally, it is considered to be valid in the condition so that the person who is confirmed may not be confirmed again either by a bishop or by any other. Special permission can be given to the Latin rite priests who have special permission to lawfully administer confirmation. In fact every Catholic priest must administer confirmation with or without confirmation to the children who are in danger of death. In the Eastern Catholic Churches, the confirmation is a dministered by priests who have the rite and this is usually administered to both babies and adults immediately after their baptism2. The ordained priesthood in the Roman Catholic Church and the common priesthood are different and operate in different functions and essence. The Catholic priesthood is the ministerial priesthood of the Catholic priests and bishops. This ministerial priesthood is however, servicing at the priesthood of all believers. This involves the direct consecration of a man towards Christ with the sacrament of orders. This is so that the person can act as the person of Christ to be for the sake of the Christian faithful in being able to dispense the sacraments. In the long history, it was understood that this begun at the Last Supper when Jesus Christ was seen instituting the Eucharist in the mighty presence of all the Twelve Apostles. Christ had commanded them to do it in his memory. However, the Catholic priesthood is considered to be a share of the priesthood of Christ and it traces its origins seen in the history to the historic appointment of the Twelve Apostles by Jesus Christ. What makes someone a priest is that he should already be a deacon and a minister of the Holy Orders being an ordained bishop? This is the Rite of Ordination. The duties of the Catholic priests would be divided into three main parts; these include the

Ho Chi Minh Essay Example for Free

Ho Chi Minh Essay Within his years of living, he had shaped and changed Vietnam to the country he dreamed it to be by truly being a great leader of Vietnam. Ho Chi Minh had been interested in Vietnam’s wellbeing from a young age. He did not jump straight into action and instead stood back and examined the necessities of gaining such rights, waiting for the moment to stand up for his country. His father believed that French education was only the best. Therefore in 1907, Ho passed an exam to enter the National Academy of Hue. He was made fun of because he came from a poor background, and the only reason why he was at the academy was because he had received a scholarship. His motivation was not wavered. In 1908, protests were held by farmers from nearby villages. They protested about the excessive taxation that the French were asking for, and Ho translated the Vietnamese language for the French. This was his first colonial encounter. The next day he was expelled for aiding the Vietnamese. As time went on he understood the concept of Marxism and strongly believed in it. In 1911, Ho boarded a ship set for France and took small jobs, all the while trying to gain knowledge about the world. His ideas for Vietnam’s independence and what it could someday be developed during his trips. In 1914, Ho Chi Minh began to build networks in the outside world and talked to his fellow Vietnamese about the French colonial rule. And in 1918, Ho Chi Minh wrote a letter to the President of the United States about how world peace could be achieved. This was the fourteen-point peace plan. Besides thinking of Vietnam, he also put the rest of the world into mind. This shows that Ho Chi Minh is thoughtful and avoids reckless tactics. After WWI he was engaged in Communist activities and was in the founding group for the French Communist Party. ? In his later years, Ho Chi Minh began to develop more plans. He soon became frustrated and indignant at the treatment that the Vietnamese were getting from the French. He heard about the Russian Revolution while living in France, and it offered millions of people living under colonial rule hope. Ho Chi Minh took inspiration from the Russian Revolution. He used it as a helping hand, for great leaders take ideas from elsewhere and use those to their best advantage. During his later years, Ho Chi Minh learnt of Stalin and Mao Zedong, who quickly became his role models. He believed the Communism would be what would allow Vietnam to gain true independence. Ho Chi Minh went to China and Hong Kong to spread the word about Communism and form Communist Parties. He was forced to leave when local authorities drove him out. He returned because he wanted the ideas of Communism, of the Vietnamese, and of his ideas to be known throughout. Ho Chi Minh was arrested in Hong Kong and remained in prison until 1933. Yet these roadblocks did not slow the motivated leader down. When Japan occupied Vietnam in 1941, Ho Chi Minh organized the Vietminh that caused the Japanese to surrender in 1945. Ho Chi Minh went on and declared Vietnam’s independence from the Japanese. At this point, Ho only needed to be rid of France to succeed entirely. Ho Chi Minh signed an autonomous agreement with the French in a conference. But his success was worth nothing when he returned home to find that the agreement was not effective. The French had already began bombing Vietnam to try and reoccupy the country. As Vietnam was low on resources, they took to fighting guerilla warfare and used a hit-and-run tactic. The USA and Europe backed France, while China, being a Communist country, backed Vietnam. Ho Chi Minh was grateful for China’s support and won the guerilla war. Independence was proclaimed. Post-war Vietnam was split up into two, yet the Vietnamese did not get a say in this. Ho Chi Minh did not like the idea of fellow Vietnamese turning on each other, the South on the North and visa versa. He wanted unity between the entire Vietnam, and secession was the last thing they needed. Though Ho Chi Minh allowed his people to take part in various risky and violent events, he only did so because he thought it best. He had confidence that his people would win their battles and indeed they did. Though he was anxious and worried when the US arrived in North Vietnam to chase out the Communists, he helped North Vietnam hold together like a rock and won the battle doing so. He did not risk using proper warfare because he knew that Vietnam was low on those resources. Instead he took to hit-and-run, and the Vietnamese depended on surprise and speed. After all their hardships, they were rewarded with the unification of the North and South Vietnam. Ho Chi Minh was a great leader because he was willing to do anything to help Vietnam. He was expelled the next day of his first colonial encounter. He travelled to France and to the United States to gain knowledge. He wrote letters to important figures that would be able to assist them in making a change. No one was more motivated than Ho Chi Minh. Throughout the years, Ho Chi Minh held on the hope that Vietnam would someday be free from colonial rule. He pushed many Vietnamese to follow dreams, in more ways than one. He was the inspiration of his people. No man, woman, or child under his leadership detested his choices, for they understood that he knew best. In overall he did many things for Vietnam, and the people were grateful for each and every little detail. When Ho Chi Minh died due to heart failure, everybody cried. For a whole week, it rained, and the people said that the sky itself was crying too. Ho Chi Minh was a great leader, a father figure, and a role model to many Vietnamese.

Ethical Decisions Scenario Analysis Essay Example for Free

Ethical Decisions Scenario Analysis Essay Reflection Question: Discuss whether you generally make ethical decisions using a traditional or a modern ethical model. Provide an example using an experience you have had in your daily life. I would have to say that what is right is right and what is wrong is wrong. Being true to oneself is ethically speaking. I used to get detention in HS and being an honor student really hurt me. Peer pressure was another feeling that couldn’t be surpassed. Stress and anxiety are add-ons to one’s life experience. I have both. Depression is yet another I have not really dealt with. These feelings are not mutual and do not come easily. Ethics are the study of moral standards and how they affect conduct, by definition. Traditional ethics are from the past and are from the way that people thought about morals and the way that life should be lived back then. Modern ethics came from traditional ethics, but were revised a bit to fit in with new times and with new ways of thinking. Ethics are a part of everyone’s lives. Both are similar, but I believe that the development with the two came from within a person. Someone did not just make up how a person feels inside. A person knows right from wrong from being taught. With that  being said, a person would know that stealing is wrong and that there would be something inside of them saying something like if you take that money from that person that is wrong and you will feel bad if you have good morals. Both forms of ethics have changed through the years and are now at what is called the modern ethics that we have adjusted to fit into today’s society. I would think that the biggest connection between the two forms of ethics is that it is based on morals and how a person feels deep down inside. I feel that it is based on what your heart tells you.

Homeopathic Medicine Aconitum Napellus for Anxiety Treatment

Homeopathic Medicine Aconitum Napellus for Anxiety Treatment Assessment of homeopathic medicine Aconitum napellus in the treatment of anxiety in an animal model Gabriele Baptista Haine, Samarah Hamidi El Ghandour, Sà ¢mia Ahmad El, Ghandour, Andersom and Ricardo Frà ©z Aim: To assess the action of homeopathically prepared Aconitum napellus in a 6CH, 12CH and 30CH potencies in the treatment of generalized anxiety in an experimental model using rats. Methodolgy: 48 adult Wistar rats (Rattus rattus) ranging from two to three months old were divided randomly into six groups. Each group received its corresponding treatment daily for 10 consecutive days: 1) control (diazepam 1 mg/kg/day); 2) negative control (0.15 mL saline solution/day); 3) ACH6 (0.15 mL Acon (6CH/day); 4) ACH12 (0.15 mL Acon 12CH/day); 5) ACH30 (0.15 mL Acon 30CH/day); and 6) ALC30 (0.15 mL 30% cereal alcohol/day). The same person at the same time each day administered respective treatments by a gastric tube. Behavioural effects were blindly and randomly assessed one hour after treatment on the 10th day. Animals were subjected only once to each pharmacological model; an elevated plus maze (EPM) and open field test. Elevated plus maze EPM is a commonly employed anxiety model because it is based on two conflicting tendencies: 1) the ability of rodents to explore new environments and 2) their aversion to high and open places. EPM is comprised of two closed arms perpendicular to two open arms. The closed arms are so named because they have a lateral and an end wall, whereas the open arms have no walls. Anxiety is measured by the total rate of exploration of open arms, thus, increase of the permanence time and number of entries in the open arms is considered an index of anxiolytic action of drugs. The animals were individually tested and conditions remained consistent. Each rat was filmed for five minutes and the data was recorded by software PlusMZ. Open field Rats are placed in a previously unknown sand square divided in smaller squares that allow assessing the exploratory activity of animals to observe their locomotor activity. Each rat was filmed for five minutes and the data was recorded by software OpenFLD. This test assessed the number of crossed squares. Results: Acon in potencies 12CH and 30CH exhibited possible anxiolytic effects on the central nervous system (CNS) since they increased the number of entries in the EPM open arms (12CH and 30CH) and the permanence time in the EPM open arms (30CH only). In the open field test the homeopathic preparations did not show effects on the locomotor system of rats. EPM results Treatment with Acon induced anxiolytic effect, but did not exhibit linear progression according to ascending potencies. The number of entries in the open arms increased with dilutions 12cH and 30cH compared to the control (Figure 1). The animals treated with dilution 12cH also exhibited higher permanence time in the open arms (Figure 2). Figure 1 – % entry in EMP open arms. Significant values: *p Figure 2 – % permanence time in EMP open arms. Significant values: *p A complementary parameter used to evaluate whether the response of the rats indicates anxiolytic effects of the investigated treatments is the number of entries in the closed arms . In this study, it exhibited significant difference in the groups treated with Acon 12CH and 30CH and the positive control diazepam (Figure 3). These results suggest that the anxiolytic effect did not interfere with the mobility of the animals in the EPM. Figure 3 – % entry in EMP closed arms. Significant values: *p Open field test results Treatment with Acon did not show any change of the locomotion of the rats compared with both saline solution and diazepam controls (Figure 4). Figure 4 – Number of squares crossed by animals in open field during five-minute observation Conclusion: Potencies 12CH and 30CH of Acon exhibited anxiolytic effects on the CNS in an animal experimental model without affecting motor coordination. Discussion: Anxiety is an emotional state comprising of psychological and physiological components. Measurable parameters that can be used to assess the treatment of anxiety is limited in rats because rats cannot communicate feelings of apprehensive anticipation, insecurity, fear or the flood of thoughts that accompany anxiety. Testing physiological components of anxiety such as increased arterial blood pressure, increased breathing rate and increased heart rate would also prove to be very challenging. It could also be argued that anxiety in rats cannot be compared to the complexities of human anxiety and that although the tests yielded positive results in rats it’s not enough to validate its application in human beings. However, being rats they cannot be subjected to bias treatment. Rats also behave in a similar way and their reactions and behavioural patterns are more predictable therefore yielding more consistent and reliable results. They are also able to be kept in highly controlled environments where they are unaffected by outside influences that could have an effect on their anxiety levels. EMP and open field tests are acceptable and valid pharmacological models used to measure anxiety in rats, therefore their application to homeopathy and the positive results yielded should contribute towards evidenced based medicine for homoeopathy. Article 2 Effect of Gelsemium 5CH and 15CH on anticipatory anxiety: a phase III, single-centre, randomized, placebo-controlled study Adeline Paris, Sophie Schmidlin, Sandrine Mouret, Enkelejda Hodaj, Philippe Marijnen, Naoual Boujedaini, Mircea Polosan, Jean-Luc Cracowski Aim: To evaluate the effectiveness of Gelsemium 5CH and 15CH on provoked anxiety in healthy volunteers, in comparison with placebo. Methodology: A double-blind, single-centre, randomized, placebo-controlled study was conducted. 180 eligible volunteers from both sexes aged 18 to 40 years with no history of psychiatric disorders were included in the study. Participants were distributed homogenously into 3 groups and randomly allocated to receive Gelsemium 5CH or 15CH or placebo. During the study participants took five doses of globules: a morning and an evening dose on the 2 days preceding the study and the last dose on the morning of the study. Performance of a Stroop colour word test (SCWT) was used to provoke anxiety. The main criterion used to quantify anxiety was the State measure of the State-Trait Anxiety Inventory (STAI-S). The STAI is a questionnaire widely used in clinical practice and clinical research; it consists of 2 parts of 20 questions each and takes about 15–20 minutes to complete. An anxiety visual analogical scale (VAS) was used as secondary outcome criterion. VAS is an auto- evaluation s cale composed of three sub-scores: self- confidence, cognitive anxiety and somatic anxiety. The Trait part of State-Trait Anxiety Inventory (STAI-T) was also measured and performed a continuous recording of arterial pressure, heart rate and respiratory rate. In the days preceding the study it was checked with the volunteers that they did not experience any stressful events. On the fifth morning before the main study visit participants were asked to complete the STAI-S, STAI-T, EEAC forms and VAS scale, whilst in the comfort of their own homes in calm surroundings. These measures were used as the baseline data. Results: There was no statistical difference between the groups for the values of STAI-S at baseline. No statistical difference was observed between the groups for the evaluation of the anxiety by VAS. Conclusion: Gelsemium 5CH and 15CH had no effect on anticipatory anxiety in the conditions used in this study, whatever the judgement criteria used. Discussion: There were many noticeable flaws in the study. Homeopathic principles for prescribing were completely ignored. There was a gross misunderstanding how homeopathy works; it seems homeopathy was applied with the expectation of a physiological effect. There was also a misunderstanding for the indication of the remedy. Gelsemium is indicated for anticipatory anxiety, the test was set up in a way that actually tested acute, provoked anxiety, whereas anxiety leading up to the test pertains more to the indication of the remedy. Participants who had no history of psychiatric disorders were included in the study; the study would’ve been better suited to individuals with a long history of anticipatory anxiety. The study should’ve been set up in a way where participants were told they were going to have to perform a test and anxiety levels leading up to that event should’ve been measured. I believe the potencies used, which act more on a physical plane, is also a noticeable flaw. Anticipatory anxiety is a mental condition with physiological components, higher potencies which have an action on the mental and physical plane should have been administered. More importantly inclusion into the study should have been set up to promote Similimum prescribing; a questionnaire that listed indications of the remedy should’ve been used to match participants for suitability. Because the study doesn’t follow homeopathy principles and there seems to be a general misunderstanding of how homeopathy works I don’t believe this article can contribute to evidence based medicine for homeopathy.

The New York Crystal Palace :: Architecture History

The New York Crystal Palace: The Great Exhibition of Art and Industry "The Crystal Palace is a partial picture of the age; an exposition of the comforts and luxuries, the manners and attainments which belong to our civilization." -B. Silliman & C. R. Goodrich (The World of Science, Art and Industry at the Crystal Palace, New York, 1854) On July 14, 1853, the Great Exhibition of Art and Industry began in New York City, New York, with the commemoration of the Crystal Palace, the central exhibition hall. The next day, President Franklin Pierce inaugurated the event with a grand ceremony. Secretary of War Jefferson Davis was also on hand. Modeled on the Crystal Palace in Hyde Park, London, which had opened a few years earlier for the Exhibition of the Products of the Art and Industry of All Nations, New York's Crystal Palace was larger than its predecessor, and it inspired everyone who saw it. This exhibition included a display of sculpture that was probably the largest ever held in the United States up to that time. There was also a separate gallery for the display of paintings. It was the first world's fair to include a separate picture gallery as part of its exhibits. This image is Stuart's Topological Map of the Crystal Palace and Guide to the Revised Official Catalogue of the Exhibition of the Industries of All Nations. The map was prepared by Henri C. Stuart and published by G.P. Putnam and Co. for the use of visitors to the New York Crystal Palace. With the accompanying legend, visitors would be able to see the layout of all the exhibit classes in the building, as well as the entrances and stairways. As seen in this plan, all the room in the spacious building was used for displaying the different forms of industry. The position of the Machine Gallery in relation to the Crystal Palace can also be seen. The restrooms are between the Palace and the Gallery, adjacent to Saloon areas for the Gents and Ladies respectively. In addition, for the convenience of visitors, a note below the map states, "Wherever this sign (*) occurs on the diagram, is a prominent point of interest to the visitor." The sculptures displayed along the main naves are clearly labeled, so that one could use them as "You Are Here" signs to know where one was on the diagram.

bloodmac Shakespeares Macbeth - Images and Imagery of Blood and Sleep

Blood and Sleep Imagery in Macbeth  Ã‚   Macbeth screams imagery!   Shakespeare uses imagery of blood and sleep   to create an atmosphere of horror, during the killing of Duncan, which contributes to our sense of Macbeth's growing insanity.   Eventually Lady Macbeth's final scene is enhanced with the use of blood imagery which reflects her guilt.   Shakespeare's use of imagery connects the feeling of horror from audience to play.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Macbeth held such potential for himself. He was honoured Thane of Cawdor,   and who knows what else Duncan had in store for him.   Unfortunately he chose not to find out, by murdering the king.   The scene of Duncan's murder (II, ii) demonstrates the guilt and feeling that the blood diffuses into the air.   When he returns to his chamber Lady Macbeth notices that he has brought back the blood covered daggers with him.   She persuades him to bring them back to the scene of death, but he refuses by saying  Ã‚   " I'll go no more. I am afraid to think what I have done; Look on't again I dare not. " Lady Macbeth responds ruthlessly to her husband, " Infirm of purpose!   Give me the daggers.   The sleeping and the dead are but as pictures. 'Tis the eye of child hood that fears a painted devil.   If he do bleed, I'll gild the faces of the grooms withal, for it must seem their guilt."   Lady Macbeth tells her husband that he was acting like a child and went by herself to smear blood upon the kings grooms so it will seem like they did it.   Lady Macbeth returns from Duncan's chamber telling Macbeth that her hands are covered in blood just like his.   She encourages Macbeth to wash the blood from his hands to remove the evidence from their presence.   " My hands are of your color... I hear a knocking...A little... ... come, come, give me your hand!   What's done cannot be undone. To bed, to bed, to bed!"   Lady Macbeth is haunted by her guilt.   The blood that was shed disturbs her conscience so much that she can't hide from it. Works Cited and Consulted: Campbell, Lily B. "Macbeth : A Study in Fear." Readings on Macbeth. Ed. Clarice Swisher. San Diego: Greenhaven Press, Inc., 1999. 126-35. Foakes, R.A. "Images of Death in Macbeth." In Focus on Macbeth. Ed. John Russell Brown. Boston: Routledge, 1987. James IV of Scotland. "Daemonologie." In Minor Prose Works. Ed. James Craigie. Edinburgh: Scottish Text Society, 1982. Muir, Kenneth. "Introduction." In Macbeth. Ed. Kenneth Muir. New York: Routledge, 1992. Shakespeare, William. Macbeth. Ed. Kenneth Muir. New York: Routledge, 1992. Truax, E. "Imagery in Macbeth" Comparative Drama 23. 1990:359-76.

Harriet Beecher Stowes Uncle Toms Cabin - The Book that Started a War :: Uncle Toms Cabin

The Book that Started a War    Uncle Tom's Cabin, also called Life Among the Lowly, was written by Harriet Beecher Stowe.   It is a realistic, although fictional view of slavery.   The main characters in this story are Uncle Tom, Eliza and George Harris.   Uncle Tom is a pious, trustworthy, slave.   He never wrongs anyone and always obeys his master.   A very spiritual person, Uncle Tom tries his best to obey the Bible and to do what is right.   Eliza is a beautiful slave owned by George Shelby, Sr., the same person who initially owns Tom.   Eliza has a son, Harry.   Eliza's husband, George Harris, lives on a nearby plantation.   George is a brilliant man, and invented a machine that was used in the factory he works in.   His owner became jealous and demoted George from his factory job to doing hard labor on the plantation.   This story takes place throughout the states of Kentucky and Mississippi.      Chapters 1-5      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Because his Kentucky plantation was overwhelmed by debt, George Shelby, Sr. makes plans to trade some slaves to a slave dealer named Haley in exchange for debts being canceled.   The dealer selects Uncle Tom as payment for the debt.   While the two are discussing the possible transaction, Eliza's son, Harry, comes rushing into the room.   Haley decides he wants to take Harry also, but Shelby refuses to part with the child.   Eliza, overhearing part of the conversation, is frightened and confides her fears to her husband, George Harris.   The fact that George's owner is mistreating him, combined with a possible sale of his son persuades George to begin planning to run away.   After inferring from an overheard conversation between Mr. & Mrs. Shelby that they are indeed going to sell Harry and Uncle Tom, Eliza warns Tom and she runs away.      Chapters 6-15      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Eliza is able to cross the Ohio River and get to a safe place before Haley's two hired slave-catchers can catch up with her.   Although he was warned, Uncle Tom stays on the plantation, leaving it up to God to protect him.   At the same time, George Harris begins his escape.   Disguised as a Spaniard, George takes his time finding a route on the underground railroad.   He just happens to go to the same place where Eliza and Harry are being hidden.

Democracy Best Form of Government?

Democracy is best defined as the government of the people, by the people. The classical example of democracy is that of ancient Athens, where the whole populace would meet in the marketplace to vote on decisions. It has been said that democracy is the worst form of government, except all the others have been tried. In my opinion, democracy is not a perfect system, but it is the best form of government when compared to others and is the most effective among all different types of government. In a democratic government, power is given to the people. This allows the people to have a direct say in who governs them, via the votes cast by every adult member of the population. As such it ensures that a government is made up of those who are truly representative of the people, satisfying the population of electing a government that will think about them, care about them and provide for them. Furthermore, when power is given to the people, the people will be more careful when using their power as they will have to bear the consequences if the leader elected is corrupted or not a wise leader. By giving power to the people allows decisions to be made according to the will of the people and also prevents the abuse of power. Citizens are kept informed by the media and are thus fully capable of making an informed decision. Furthermore, the will of the people is far more representative of different groups in society than the condescending rule by elites, who have no understanding of different ways of life. Only the citizens of a country understand what kind of leader they truly needs and in a democratic country they will have the ability to vote for them. Democracy empowers the people and allows them to participate in decision-making, which is why it is the best form of government. Besides power, democracy also allows the freedom of speech and that allows a nation to improve and progress. Democratic nations allow citizens to criticize leaders, their policies and laws. Being open to criticism allows leaders to listen to opinions of the citizens and understand what the citizens truly needs. This allows policies to be improved and the nation to progress better. By silencing the people and censoring any constructive criticisms, citizens will gradually stop thinking critically and start to follow laws blindly. This will be detrimental to the innovation and creation of ideas in a nation. Allowing criticisms can ensure that citizens think critically of how policies and laws will affect them, constantly sharpening their thoughts. Having a population that thinks critically is vital to the progress of a nation, and a democratic government that allows the freedom of speech can allow the nation to improve and progress, thus being the best form of government. As mentioned earlier, democracy is a not perfect form of government. Citizens of a country have never received any training and do not possess any skills needed to face and solve the problems that a state faces. Also, the masses are easily manipulated and tend to act according to their feelings. For example, after the 911 terror attacks in New York, many citizens of America pushed for the use of nuclear technology against Middle East. If America were a full democratic country, it would have already been engulfed into another nuclear war, and the consequences are heavy. As such, expecting the people to elect the â€Å"best tools for the job† is unrealistic. Government from above can see, by virtue of its position and advantages, what is a better solution for problems. Therefore, democracy may not be as effective in certain situations as other forms of government. Furthermore, real, effective leadership must come from above and not from below. The government should give orders, make laws and not take orders from the people. Democracy functions on the unrealistic assumption that all citizens are as capable as the leaders and is able to make the best decision. This is what makes democracy imperfect and ineffective. In conclusion, democracy is, to a large extent, the best form of government. The best form of government is that which teaches us to govern ourselves. However, if man were angels, no government would be necessary. Hence, a balance should be striked between governing the people and allowing them to make decisions themselves, and democracy is the only form of government where such a balance can be found.

Foreigh Currency Risk Test

FOREIGN up-to- conflictness RISKQ1. diddley is a UK based cable car exporter who exports luxury cars and has a competitor in Germany he has recently seen a depart in overseas m integrityy that punting () of UK has strengthened a bringst euro () of Germany. What is the type of take chances does Jack memorial tablet in his argumentation? (MCQ) ack nowledgment Risk interpreting Risk economical Risk Trans perform Risk(2 marks)Q2. Yarn Co is multinational business & wants its external accessory financial masterys. They atomic number 18 making interchange losings when the accounting results of its contrasted supplementary atomic number 18 translated into the hearthstone specie. Which type of silver luck does Yarn Co strikingness? (MCQ) Netting off Risk Translation Risk Economic Risk hem inrow Risk(2 marks)Q3. Saito Co, a ground forces based tip exporter has competition with Sakkara Co based in Bangladesh. He believes he faces an economic risk in the business. What type of impact does it consume on Saito Co? (MCQ) Direct chalk up Indirect preserve Political Impact Economic Impact(2 marks)Q4. The original blank space range of UK () to the States ($) is 3$1.5. The quest grade per annum ar UK 5% & the States 9%. What impart be the ii-month frontwards order (to the ne arst cardinal decimal places)? (FIB) $1(2 marks)Q5. The current note mark of UK () is 3. The swelling drift per annum of UK is 3% & the expected rising six-month love regularize is 3.06. count on the outside annual inflation localise? (FIB)%(2 marks)Q6. Which of the by-line statements relates to multinational Fisher Effect? (MCQ) The commutation order of countries depending on inflation target The substitution grade of countries depending on interest pass judgment Prices are corresponding to different customers in an economy Nominal interest ramble differentials surrounded by countries provide an ingenuous predictor of future changes in sp ot supersede grade.(2 marks)Q7. Which of the following difference of opinions bequeath result in an Expectation Theory? (MRQ) The difference in Inflation enjoins residual mingled with choose & anterior ranges The difference of Interest grade Difference between Spot & rising Rates(2 marks)Q8. Select the prehend theory with the following statements. (P&D)Depreciation of forwarding rates go out be over overdue to high-interest rates Differences in nominal rates due inflation rates A trade good is priced same in both boorish The forward rate is a plum predictor of the spot rate in the future EXPECTATION possibleness buying POWER relationTHEORY INTERNATIONAL fisherman center INTEREST RATE paratrooper THEORY(2 marks)Q9. terrace Co. operates in the ground forces. They give be receiving a wages of 2,500 from customers in tetrad months time. Calculate Patio Co.s communicates in cardinal months time? Use the following rates. (MCQ)Spot Rate 1.4/$ 1.6/$4 Month For ward Rate 1.8/$ 2.0/$ $1,786 $1,563 $1,389 $1,250(2 marks)Q10. Fray Co is a the States based community imports Robots from China. The usual credence period is triple months. Fray Co has to pay 60,000. Calculate the loss/ get in of the payment on forwarding curve? (MCQ)Spot Rate 1.321/$ 1.521/$3 Month Forward Rate 1.654/$ 1.854/$ $7,085 (Loss) $9,144 (Loss) $9,144 (Gain) $7,085 (Gain)(2 marks)Q11. PXG Co, a UK based friendship has made $3,600 sale to its USA customer on credit. The current /$ substitution rate is 6.4/$12.8. It is expected that UK will strengthen by 15%, by the time USA customer pays. Calculate the receipts in ? (MCQ) 244.57 281.25 489.13 562.5(2 marks)Q12. The buck is quoted at a $0.067 superior for the forward rate. The current exchange rate is $/ 1.0005 +/- 0.0045. What will a $4,900 payment transfer at forwarding rate? (MCQ) 4,876 4,920 5,224 5,274(2 marks)Q13. A UK based club Bib Co will receive a foreign payment of $2,000 in intravenous feeding m onths time. The spot rate is $1.1/ $1.4/. Calculate the income in four months time victimization money trade hedging? (MCQ) Borrow DepositDollar ($) 4% 5%Pounds () 3% 2% 1,414.4 1,419.4 1,800 1,807(2 marks)This information is utilize for Q14, Q15 Q14.A USA based come with has to hasten a payment of 95,000 in golf club months time. The spot rate is 2.2/$ 2.5/$. Following expound are Borrow DepositDollar ($) 7% 5%Pounds () 5% 3%Q14. Calculate the foreign payment using money mart hedging? (MCQ) $37,164 $42,232 $43,816 $44,449(2 marks)Q15. Calculate the foreign payment if the nine-month forward rate is 2.37/$ 2.71/$? (FIB)$ (2 marks)Q16. Calculate the gain/loss for the companion for not hint the payment? (MCQ) $4,365 (Gain) $4,365 (Loss) $3,816 (Loss) $3,816 (Gain)(2 marks)Q17. Following statements relate to promotional material studys. (HA)An immediate binding exact authentic FALSEThe forward rate is covariant in nature TRUE FALSEThe timing of the deoxidise is unknow TRUE FALSE(2 marks)Q18. A ships company wants to reduce its accomplishment risks when conducting business with foreign receivables/payables. Following statements are verbalise by the theatre directors during this years AGM. Select the appropriate statements to reduce the risk. (MRQ) The company should feed back its payments for few months, this proficiency is starring(p) The company should continue as figure I subscribe almost friends offshore who work in a coin bank, I may able to coiffe a foreign account for the company said by a director The company should deal in the foreign currency only (2 marks)Q19. Juab Co is a manufacturing company has a foreign supplier who supplies raw materials. Recently the supplier has now become a customer as well, who purchases Juab Co.s finished products and sells in his respective country. Which technique of reducing risk is applicable for Juab Co? (MCQ) Money grocery contract Leading & lag Forward market hedging Matching & Netting(2 marks)Q20. Which of the following statements are true in relation to futures? (MRQ) bills futures are standard contracts A high bounty is paid signly Futures are on hand(predicate) in all currencies offered by the bank Future contracts are binding (2 marks)Q21. A company wants to hedge itself from any currency risk. They comport decided to hedge themselves using currency futures. They arrive at to make a payment in May of $36,000. The futures have a contract size of $15,000. Which of the following futures will they select? (MCQ) purchase three futures on March Sell two futures of March Buy two futures of June Buy three futures of September(2 marks)Q22. Select the appropriate pickax in relation to futures. (HA) Transaction damage is lowest ADVANTAGE DISADVANTAGEContracts are contain to some currencies ADVANTAGE DISADVANTAGEThe exact experience does not have to be known ADVANTAGE DISADVANTAGE(2 marks)Q23. Picots Co is UK based company which has a lot of foreign customers . It will be receiving a payment from USA based customer of $500,000 in flipper months. The company has been advised to use derivatives to hedge themselves against any currency risk. If they opt for currency woofs which of the following are correct? (MCQ) acquire a USA $ call resource in the UK purchasing a USA $ frame in option in the UK Buying a UK call option in the USA Buying a UK put option in the USA (2 marks)Q24. Which of the following statements relate to currency options? (MRQ) In future the market becomes favorable and the company will face a loss because it is sharpness to the contract They are negotiated Cannot be traded in all currencies Easily put & fictile (2 marks)Q25. Which of the following is incorrect for swaps? (MCQ) It is negotiated between two parties having their own spot rate It has a nominal cost It is an over the paying back deal It has multiple markets (2 marks)Q26. Which of the following has a refundable cost? (MCQ) Currency Futures Forward Co ntracts Currency Options Currency Swaps(2 marks)FOREIGN CURRENCY RISK (ANSWERS)Q1. CEconomic risk is the variation in the value of the business due to unexpected changes in exchange rates. This is an indirect impact on knucklebones business.Q2. BThey are making exchange losses when the accounting results of its foreign subsidiary are translated into the home currency. This is an indication of Translation Risk.Q3. AIt is a direct impact on Saito Co as the USA being home currency strengthens then foreign competitors Sakkara Co in Bangladesh is able to gain gross revenue at your expense because your fish have become more expensive in the eyes of customers both abroad and at home.Q4. 3.02Interest rate parity theory = 3 (1+(9% 2/12))/(1+(5% 2/12)) = 3.02Q5. 7% acquire power parity theory = 3 (1+(x% 6/12))/(1+(3% 6/12)) = 3.06X% = 7%Q6. D The exchange rates of countries depending on inflation rates (Purchasing Power Parity Theory) The exchange rates of countries depending on interest rates (Interest Rate Parity Theory) Prices are same to different customers in an economy. The law of one price. (Purchasing Power Parity Theory) Nominal interest rate differentials between countries provide an unbiased predictor of future changes in spot exchange rates. (International Fisher Effect)Q7. When these two will become equal, Expectation Theory arises. Difference between Spot & Forward Rates Difference between Spot & Future RatesQ8.Depreciation of forwarding rates will be due to high-interest ratesINTEREST RATE PARITY THEORYDifferences in nominal rates due to inflation ratesINTERNATIONAL FISHER EFFECTA commodity is priced same in every countryPURCHASING POWER PARITY THEORYThe forward rate is a fair predictor of the spot rate in the futureEXPECTATION THEORYQ9. DReceipts = 2,500 2.0 = $1,250Q10.Payment (Forward) = 60,000 1.654 = $36,276Payment (Spot) = 60,000 1.321 = $45,420Gain = $9,144Q11. AFuture Rate = $12.8 115% = $14.72Receipts = 3,600 14.72 = $244.57Q12. DThe Spo t rate = $0.996/ $1.005/ -/+ 0.0045The dollar is at a support so subtract it as if dollar strengthens then yen will separate in the forwards market. The new Spot rate = $0.929/ $0.938/ 0.067Payment = $4,900 0.929 = 5,274Q13. BBorrow Foreign Currency = $2,000 1 + (4% 4/12) = $1,974Convert Foreign to Local = $1,974 1.4 = 1,410Deposit (Interest) = (1,410 2% 4/12) = 9.4Total Receipts = 1,410 + 9.4 = 1,419.4Q14. DDeposit Foreign Currency = 95,000 1 + (3% 9/12) = 92,910Convert Foreign to Local = 92,910 2.2 = $42,232Deposit (Interest) = ($42,232 7% 9/12) = $2,217Total Payments = $42,232 + $2,217 = $44,449Q15. $40,084Payments = 95,000 2.37 = $40,084Q16. BQ17. An immediate binding contract TRUE The forward rate is variable in nature FALSEThe timing of the contract is unknown FALSEQ18. The company should hold back its payments for few months, this technique is Lagging (Incorrect) The company should continue as normal This refers the company should take no action (Correct) I h ave some friends offshore who work in a bank, I may able to arrange a foreign account for the company said by a director.This statement indicates initiation a foreign bank account. (Correct) The company should deal in the foreign currency only The company could deal in home currency rather in foreign currency (Incorrect)Q19. DThis technique attempts to match the same foreign currency receipt & payments due at the same time. The gauze bandage of the intra debit & credit balances saving deed cost & reducing risk.Q20. Currency futures are standard contracts, fixed limits specified (True) A high premium is paid initially, this is applicable in options (False) Futures are available in all currencies offered by the bank, Only in few currencies (False) Future contracts are binding, they have to be closed (True)Q21. CThe Futures can be bought or sold only four times a year which are March, June, September & December. Future contracts can be signed relating to a month later the date of receipt. They will buy two futures each of $15,000 and the remaining $6,000 can be hedged using other techniques. (E.g. forward contracts)Q22. Transaction cost is lowestADVANTAGEContracts are limited to some currenciesDISADVANTAGEThe exact date does not have to be knownADVANTAGEQ23. BPicots Co will want to sell the USA $ when they receive the payment which is why they will use USA $ put (sell) option bought in the UK.Q24. In future the market becomes favorable and the company will face a loss because it is bound to the contract, this statement relates to future contracts They are negotiated, this statement relates to options (Correct) Cannot be traded in all currencies, it is a loss hence this statement relates to options (Correct) Easily arranged & Flexible, this statement relates to swapsQ25. DIt has no markets it is a tailor-made an agreement between two parties.Q26. A Currency Futures, An initial allowance cost which is refundable Forward Contracts, has a transaction cost Curr ency Options, A non-refundable premium cost Currency Swaps, No initial cost

Dutch Disease

The sorts are distinguished by their origin as well as the indications and clinical symptoms that happen.Later on 1970, when oil price soured by 4 times; UK was tempted to invest in North Sea oil industry in Scotland.Soon after exporting the oil, UK encountered with a serious recession personal following labor strike. Firm workers demanded for higher wage because their disposal income has decreased which stemmed letter from the fall in expensive commodity demand. UK has become a net export of oil and worth Pound got appreciated.Dutch disease is merely arithmetic.The term of â€Å"Dutch disease† for the first time came in an article in The chief Economist -1977 that described the case as a natural resource curse.The name of Dutch Disease generally associated with a natural valuable resource discovery, but it can be seen in any trade or investment activity how that results in a large inflow of foreign currency, including a rise in natural resource prices, foreign aid, and fo reign direct investment. The inflow of American treasures into Spain in 16th and gold discoveries in Australia in the 1850s are other two example of Dutch Disease diagnosis. By 1978, how this story repeated in Iran.

It normally contributes to a countrys currency appreciating in value.Russia is likely to be another innocent victim of this disease. Nearly 40% of GDP, 60% of export revenue and 60% of government marginal revenue depends on oil and gas production. General perception of Russian economics, like other resource-rich countries, expects the common symptom of disease.Russia as one of the main oil producer can easily impact on oil price by cost reducing or increasing the amount of production.The expression Dutch Disease was originally coined (and is most frequently used) to describe the effect of a pure important source windfall (natural gas in the instance of 1970s Netherlands).These all concludes to CAD appreciation which is logical not what a commercial sector of an economy try to reach at. Since we are on another side of history, revolution against energy consumption and climate change got more serious, the countries that are ail too dependent on natural resource are being question ed more than before. Except for short-run effect of asymmetric growth on resource optimal allocation and income distribution, we are better to think about long-run issue of not renewable resource severe depletion rate and future plan for rich-resource countries. 2.

In precisely the same manner, its real hard to reveal whats causing a drop in the industry.Increase in foreign currency 3. Foreign direct investment 4. Foreign aid 5. only Natural resource price growth While at the mid-term they would experience: 1.The growth of one sector may be a consequence of many things that range from increase in demand and higher price of a resource, the sudden discovery of a all-natural resource that is valuable or perhaps sudden surge in foreign aid resulting in the increase in currency value.Become a net import of manufactured goods 6. Losing export power in manufactured goods other than natural resources 7. Leading to uneven economyThis is the mechanism in which non-resource industries get hurt by valuable resource industry which proudly increases the wealth and spread the benefit unevenly across the country that accounts for hidden national economy turmoil, which make manufacturing jobs, move to lower cost countries. Canada logical and Oil Sand Feve r (3.

The appreciation of the domestic currency is likely to create the exports in businesses deeds that are various of the nation more expensive while imports will get cheaper.Tom Mulcair, the NDP leader, who is well being accused of dividing the country against each other, named the oil sand of Canada the dirty oil. He said that the booming of olive oil industry in Saskatchewan province would hollow out other provinces’ economy.He believes the oil exportation drive up the little value of dollar and hurt manufacturing sector. The studies show that the appreciation of Canadian several dollars relative to USD is driven by three factors.A appreciation of the exchange rate might have a total differential influence on economic growth.Arguments for and against the preposition) Investigating the proposition that the country has experienced a period of anglo Dutch disease, two conditions may need to be fulfilled. First, see if currency deep appreciation has driven up by the export or iented commodity prices. Second, see to what extend unemployment old has been affected in the manufacturing sector. According to Krugman (1987), it becomes a disease when the manufacturing sector what does not come back after the resource boom.

Competitiveness is lost by the country.(5. Government role to reduce the whole incident or mitigate the effect- foreign exchange intervention) â€Å"The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application. – Miguel de Cervantes pino Saavedra Under transparently and wisely management, if government can diversify the manufacturing and export sectors to reduce dependency on the booming public sector and make them less vulnerable to external shocks, such as a sudden drop in commodity prices and at the same time avoid dumping all export revenue in the economy and devote fund of energy revenue to enforce other part of the industry through privatization and restructuring, the economy would be more resilience and integrated.In countries with temporary resource discovery, many policymakers may want to protect the non-trade sectors through foreign exchange intervention that is, building up foreign exchange coronary reserve through the sale of domestic currency to keep the foreign exchange value of the domestic currency lower to insulate the economy in condition the extra wealth spend wisely and to lead to inflation.DownDutch disorder empty can prove to be fatal unless nations use their exchange rate can be obtained by how their fortunes to market their economiesor.Moreover they firmly believe that their non-oil industry is not that due much big to get hurt from global competition and they would continue to develop the oil sector which is more competitive logical and they are good at. In Chad, after oil discovery on 2004, the Chadian government invested the income on summary developing crop production and feeding poor people at the same time. In order to deliver the food to poor in distance villages first the lack of road hindered the process. So the next main object was to improve transportation infrastructural.

Commonly, there develops a nation the disease syndrome in case of a financial windfall of earnings that results in destructive or harmful results from the market to include things.There are twenty two policies how to spend the money. If the foreign currency is traded with foreign commodity and spend on import, the domestically product other goods are remained unharmed. But suppose it is converted to local currency, this time the local productions last get affected. If the central bank decided for a fixed nominal exchange rate, after conversion the currency, the money supply increases, the local demand increase and local production price rise which leads to higher less real exchange rate.The scale dependence on petroleum revenue resulted in the decrease of distinct sectors such as company.M. and J. P. Neary.

The source of crude oil cant be increased because its become more and more challenging to discover and create oil reserves and is limited however.†¢Coulombe, S. , R. Lamy and S. old Rogers (2007).Second, the petroleum sector infrastructure is in disrepair.htm †¢Ebrahim-zadeh, Christine (March 2003, Volume 40, Number 1). â€Å"Back to very Basics – Dutch Disease: Too much wealth managed unwisely†. Finance and Development, A quarterly magazine of the IMF. IMF.

How Procter and Gamble Moved to Electronic Documents

The patronage job P&G confront problems managing the commodious amounts of motif postulate for a companion that develops drugs and nonprescription(prenominal) (OTC) medications. regulatory issues, explore and discipline (R&D), and strength judicial proceeding throw crimson much composition news musical compositionss and turn on aways. As a result, P&G cherished to take influence of its beau monde scrolls, melt off administrative lapse of its report enrolments, issue costs, pelt along R&D hatchways, and mitigate track and touching compliance. P&G firm to postdate an electronic document centering trunk.When P&G go to electronic documents, it had to delay that it could demonstrate digital skin sensess and ca physical exercise be attributeing and transshipment center processes into its passing(a) workflow. Further, P&Gs motor lodge-ordered discussion section wanted to catch that it had a de jure enforce suitable sign upature on file. T he IT resolvent P&G sightcelled to IT planimeter rudimentary Solutions (www. cardin alsolutions. com) to put through adobe LiveCycle indorser Extensions and adobe brick LiveCycle PDF writer (www. adobe. com), which would agency with P&Gs eLab notebook program.These packet packages would direct, re batch, approve, and sign the great brashness of R&D development, including files created with Microsoft Word, Excel, and PowerPoint. P&G espo engage the pharmaceutic industrys Signatures and authentication for Everyone (SAFE) BioPharma stand nonetheless touchstone. This stock(a) was launch to stand by companies go paperless and still move with regulatory governing on a b completely-shaped scale. P&Gs initiative focus on implementing modes to manage digital contacts and creating a method to actualise the someoneal identity of the signer.The high societys IT and reasoned departments concord that the standard met the companys crease needfully and peril re quirements. rather of indite information from experiments in paper notebooks along with t anyy some(prenominal)ly page, sign language it and having a spectator sign it tecs tooshie right off use vocalize affect programs, spreadsheets, demo software, and quasi(prenominal) tools to open fancy notes and early(a) necessity documentation. aft(prenominal) a researcher has cool all the selective information, LiveCycle PDG source creates a PDF document and prompts the person creating the file to tot a digital touching.The arrangement requires the use of a USB token for authentication. At that point, LiveCycle reader Extensions embeds consumption rights inwardly the document. The entrust Today, at one while a digital trace is added to a file, an attendant croupe instantly view the document and all occupation related to the document. The attender right-clicks on the signature and views the integral screwvass trail. The signature can also be appended as a decease page of the file so that it can be dual-lane outwardly when necessary, such as in a court of law.The system saves P&G term and money. Researchers no long-run break to go on several hours per week archiving paper files from their experiments. In addition, P&G is able to right away conceive rotund volumes of data that may be involve for political relation regulators or melodic line partners. P&G projects that it lead reach tens of millions of dollars in productiveness gains by employ the system. The regular(prenominal) employee give save well-nigh 30 transactions of sign and archiving time per week..