w arren G. harding essays

w arren G. harding essays Nelson Mandela was born on July 18, 1918, Umtata, Transkei. Nelson Mandela was a South African lawyer and he was also a black nationalist who was the African National Congress fropm March 1990. Mr. Mandela was imprisoned from 1962 to February 1990 because of his poltical activities, and he became a symbol of the frustrated aspirations of South Africa's black majority. Nelson Mandela the son of chief Henry Mandela of the Xhosa-speacking Tembu tribe, Nelson mandela was educated at University College of Fort Hare and the University of Witwatersrand and qualified in law in 9142. He joined the ANC in 1944 and soon became one of the black-liberation group's leaders. He engaged in resistance against the ruling National Party's aparteid policies after 1948 and eventually went on trial for treasonin 1956-61.This trial was acquitted 1961. During this extended he devorced his first wife and married Nomzamo Winifred. After the massacre of unarmed Africans by police forces at Sharpeville in 1960 and the subsequent banning of the ANC, Mandela abandoned hisnonviolent stance and began advocating actsof sabotage against the South African regime. In 1961 he was jailed again and sentenced to five years imprisonment. In 1963 the imprisoned Mandela and several other men were tried for sabatage, treason, and violent conspiracy in the celebrated Rivonia Trial, named after a fashionable suburb of Johannesburg where raiding police had discovered quantities of arms and equipment at the headquarters of the underground Umkhonto." Spear of the Nation," the ANC's military wing. Mandela had been a founder of the organization and admitted the truth of some of the charges that were made against him. On June 11, 1964, he was sentenced to life imprisonment. ...

Low Interest USDA Farming Microloans for US Veterans

Low Interest USDA Farming Microloans for US Veterans Thanks to of all places, the latest Farm Bill, U.S. veterans will find it easier to get low-interest Microloans​ to help them start and maintain small farms and ranches. With the United States running out of farmers, and a growing number of new veterans needing jobs, the farming Microloan program for veterans, administered by the Farm Service Agency (FSA) of the U.S. Department of Agriculture, helps serve both needs. Advantages of the Microloans First of all, the 2014 Farm Bill specifically exempts the USDA Veteran Farmer Microloans from the more restrictive repayment terms required by other USDA Direct Operating Loans. In addition, the program offers more flexible access to credit and serves as an especially attractive loan alternative for smaller farming operations like specialty crop producers. Eligible Microloan applicants can borrow up to $35,000, with repayment terms that will not exceed 7 years. Additional loans are available to cover annual operating expenses and are repaid within 12 months or when the agricultural commodities produced are sold. Under the Farm Bill, interest rates for veterans’ Microloans are limited to 5% or the current interest rate for traditional USDA Direct Operating Loans, whichever is less. As of February 2015, the interest rate for a USDA Direct Operating Loan was 2.625%. The USDA has also seen to it that the Microloans for veterans will also have a simplified application process and less stringent requirements regarding farm management experience. No Farming Experience? According to the USDA, the Microloan program administrators realize that many veterans who apply for loans will not have the required â€Å"traditional farm experience† or have not been raised on a farm or ever even lived in a farming community. Also See: New Website Helps US Veterans Find Careers in Agriculture To accommodate them, the FSA says it will consider a veteran’s experience in small business or in any self-guided apprenticeship program as a way to meet the farm management requirement. â€Å"This will assist applicants who have limited farm skills by providing them with an opportunity to gain farm management experience while working with a mentor during the first production and marketing cycle,† states the FSA. What the Microloans Can Be Used For Eligible veterans can use Microloans for: Initial start-up expenses;Annual expenses such as seed, fertilizer, utilities, land rents;Marketing and distribution expenses;Family living expenses;Purchase of livestock, equipment, and other essential materials;Minor farm improvements such as wells and coolers;Hoop houses to extend the growing season;Essential tools;Irrigation; andDelivery vehicles. Eligibility: What is a ‘Veteran Farmer?’ Under the 2014 Farm Bill, â€Å"Veteran Farmers† are finally recognized as a separate and unique class of farmer for purposes of USDA loan eligibility. Except for the requirement of military service, the definition of Veteran Farmer is the same as the long-standing USDA definition of beginning farmers and ranchers. According to the USDA, â€Å"beginning farmers and ranchers,† are defined as persons who have never operated a farm or ranch, or who have operated a farm or ranch for not more than 10 consecutive years. So, Microloans for veterans are available to persons who have served in the Armed Services – and – have never operated a farm or ranch, or have operated a farm or ranch for not more than 10 years. How to Apply for a Microloan Eligible veterans can either download the USDA Microloan application from the USDA website or pick one up at their local Farm Service Administration field office. Applicants who have problems gathering information or completing the application forms should contact their local Farm Service Administration office for help. After completing the required paperwork, applicants should submit the farm loan application to their local Farm Service Administration office.

Topical Analysis on Japan's Revolution Essay Example | Topics and Well Written Essays - 2250 words

Topical Analysis on Japan's Revolution - Essay Example In order to understand the nature of the Meiji restoration, there is the need to look at the relationship between the merchants and the lower samurais. Both parties were anti-Tokugawa forces who were determined to annihilate the Tokugawa regime, with the lower samurais being vested with the leadership that would yield desired societal changes. The lower Samurais had superseded the ranks of the Samurai in order to become the spokesmen in this society. The Meiji restoration was a shift of the Japanese government to the upper samurai to lower samurai. In achieving this political control, the lower samurais supplied the ablest individuals such as Ito Hirobumi, Saigo Takamori, Inoue Kaoru and Omura Masujiro. The lower samurai achieved this through the financial help of the merchants. Merchants such as Konoike, Iwasaki, Shimada and Ono made immense contributions through financial donations. Hence, it is apparent that the Meiji restoration was achieved through a coalition between the lower samurai and merchant class. Moreover, the Feudal-merchant coalition was a cornerstone in the Japanese revolution. Unlike the class struggle that existed in western countries such as a France and England, the scenario in Japan was different. Marxists argue that capitalist bourgeoisie rise against feudal aristocrats in a bid to seize political power from them. The case in Japan was characterized by a collaboration between the aristocracy and the merchant classes. Hence, the Samurai and the merchant class had a symbiotic relation and they needed each other. In the Tokugawa system, the merchants were largely dependent on the daimyo and their treasurers. They saw... Japan’s revolution, dubbed ‘Meiji restoration’, took place following numerous reforms instituted by the Japanese government late in the 19th century. The subsequent events constituted the most dramatic events to ever happen in the modern history of Japan. It was in the Japanese revolution when universal education system was established. Moreover, during this revolution the navy and the army were established as well as the establishment of an effective administrative bureaucracy both locally and nationally. The Japanese revolution was multifaceted and culminated in Japan becoming a modern state. There are numerous shortcomings in the book by Norman (2000) as there lacks a detailed explanation of the nature of the Japanese revolution.The account of the Japanese revolution was scantily presented in the article with some facts being left out. The events that contributed to the revolution emanated from within the country and brought significant changes crucial to the d evelopment of a modern Japan. The multifaceted revolution saw a universal system of education being introduced in Japan as well as the establishment of the army and the navy. It is important to note that social disparities that existed during the Tokugawa regime were primary responsible for fuelling animosity that led to the revolution. The fact that the new regime under Meiji turned to the western countries for progress reveals that the Tokugawa regime was not toppled due to its move to seek assistance from these countries but rather due to domestic squabbles. The revolution revealed that there was animosity within the ranks of Tokugawa regime as there is no justification of having turned to the west for progress.

Book review Essay Example | Topics and Well Written Essays - 1000 words - 1

Book review - Essay Example Amongst his collection of short stories, Blood and Tears stands out from amongst the rest because of its literary values and the ideas presented within. In the introduction to these stories, Ali (1984) compares Mas to other Malaysian writers and says that, â€Å"The few short stories which he has contributed have greater literary value than the more prolific output of many other writers. For this reason alone Keris has earned a special place and is to be regarded as the leading figure in the new literature (Ali, 1984, Pg. 8)†. If anything at all, Blood and Tears establishes that quality is indeed more important than quantity. While examining the stories, it becomes clear to us that the historical and cultural influences of the Malaysian past figure prominently in the works of Mas. Like many other nations in south Asia, Malaysia has a history of colonization as well as rule by foreigners on local soil and the after affects of colonization remain with the people even after many decades have passed. The struggle between the Japanese and the British over Malaysia during the Second World War gave birth to the country but also create social and cultural dichotomies which still linger as a part of the social structure of the country. Mas was certainly an influential writer and had a close group of fellow writers that sought to bring about changes in Malaysian society by creating awareness through literature. Speaking about these likeminded writers as well as himself as a writer, Mas says that: â€Å"We criticized societal backwardness and those whom we regard as the instruments responsible for the birth of such backwardness. We criticized colonialism and its instruments, that is, the elite class, those whose consciousness have been frozen by the influence of feudalism and myths, and superstition that has been enmeshed with religion (Wikipedia, 2007, Pg. 1)†. Such leanings

First Day Of School Essay Example for Free

First Day Of School Essay On my first day of school, my Dad came to drop me of. I was really nervous and afraid when I came out of the car and headed for the School gate. In the playground, I saw an abundance of big boys running around; that made me even more apprehensive. When the School bell rang, I quickly into ran to the hall so I wasn’t late on my first day. Mrs McNamara, our head of year was giving all the students a lot of essential information that we needed in the future so as a consequence, it was important that we listened. At lunchtime I became more relaxed and at ease, at the end of the day my dad came to pick me up from school, I had really enjoyed myself and as a result I knew I would have a fantastic time at High school. Try to be yourself don’t copy anyone or anything. Furthermore, to do well in school you have to be bold and respectful, it always helps. LESSONS AND SCHOOL RULES In lessons you have to pay full attention to what the teacher’s saying, it will help you in your work and Home study. You must be fully equipped for the lesson so it is best you pack your bag the night before you have that lesson, you will need: two pens, a ruler, a pencil your exercise book, a rubber, a calculator, and a pencil case. In Trinity your work has to be a certain standard, if your work is below that standard, the teacher will make you do it again. Hence, you need to put effort into it, make sure you have checked it, and do it to your best quality. Trinity High school forbids bullying; any signs of bullying and you will be in a huge amount of trouble, you must always respect one another and the Teachers. Attendance and Punctuality is very important, so you don’t miss any lessons or activities. You must take care of all the equipment that you use and attempt not to damage it. SCHOOL ACHIEVEMENTS If you behave well and do extremely well in your lessons you get achievements such as: Effort and Excellence certificates, Headmasters award s letters of praise and congratulations, weekly praise from the Headmaster and attendance and punctuality awards. There are so many ranges of achievements, so make sure you work hard, listen to your teachers and be respectful at all times.

The Works Of Poet Carl Sandburg And His Effect On American Poetry :: essays research papers

The Works of Poet Carl Sandburg and His Effect on American Poetry The beloved poet, Carl Sandburg, changed the course of American poetry. He was a poet, novelist, journalist, and songwriter, yet the influence of his works have not always been acknowledged. Carl Sandburg's evocations of American urban and rural life, compassion for people, and his love of nature, through his works have made an enormous contribution to the American literary scene.   Ã‚  Ã‚  Ã‚  Ã‚  Carl Sandburg was born on January 6, 1878 to illiterate parents of Swedish decent in Galesburg, Illinois. Much of Sandburg's literary works are a result of his life time observations. He, more generously than many of his fellow authors, left a detailed account of his wanderings, his numerous jobs, his early struggles, and his successes in life. His own life fascinated him.(Rogers 19) Therefore, he felt he wanted to share his fascination with the people he enjoyed writing about.   Ã‚  Ã‚  Ã‚  Ã‚  Carl Sandburg is so greatly remembered because his writing was considerably different from the writing of his contemporaries. He let his mind travel, and be free. His works included the use of free verse, colloquialisms, an original type of rhythm, and oddly structured, prosaic poetry that emphasized key phrases and images.(clc 35, 338) Sandburg was the first of a long line of poets and authors to use the words and phrases that he created in his poetry.   Ã‚  Ã‚  Ã‚  Ã‚  Sandburg's style of writing is what changed the course of American poetry. Before Sandburg, most poetry and other literary works were considerably similar, along with dull and boring. He carried poetry to "new horizons." He, many times, wrote of reality, which was not always what people wanted to read, but it was reality and it had to be dealt with. This is how his writing became so known, because he dealt with what was real in our fantasy world.   Ã‚  Ã‚  Ã‚  Ã‚  Sandburg was not afraid to express his true feelings and thought on people, society, nature, and life in general. One of his finest poetic achievements is a poem called The People, Yes. It is a poem about people in life, and everything life entails. The images in it range from a white man and an Indian man arguing over who knows more, to why children put beans in their ears when told not to. The People, Yes covers everyday dilemmas encountered by the common man, but have not been expressed, and it is mandated by none other than Carl Sandburg, the great American poet. "The people is a myth, an abstraction. And what myth would you put in place of the people? And what abstraction would you exchange for this one?

Resume Example Essay

Objective: To obtain a challenging post at your reputable organization that will utilize both my educational background and professional experience to contribute to the organization’s noble and humanitarian goals and simultaneously provide excellent opportunities for career development and personal growth. An aspiring team worker, hard working and dedicated professional who wants to meet the challenges posed in the industry and to contribute towards the growth of the organization along with self-motivation. Work Experience: Export documentation (CMA CGM Shipping India Pvt Ltd, Chennai) (Apr 2012 to May 2013) – Functional Tasks * Prioritize keying of the Shipping Instructions based on ACI / AMS and Vessel Closure deadlines. * Ensure all Customer Requirements are followed as per Reference Guide / SOPs * Escalate any concerns and job-specific queries through the team Supervisor. * Only genuine queries are raised to the Area offices and simultaneously and moved to the pending folder. * Check the draft bill against the Shipping Instruction and make necessary corrections. * Ensure Accuracy and Turn time of bill is maintained as per standard * Achievement of targets based on set standards. – Reporting & Reviews * Record the daily productivity / count in Internal CMA CGM application. * Ensure daily count tallies with the weekly figure. * Ensure he/she is aware of his/her errors and takes constructive effort to reduce them. Quality Analyst (Source HOV, Chennai) (Aug 2011 to Mar 2012) * Functional task of preparing reports to the companies throughout of process, it involves their individual productivity, project standardization, TAT, SLA. Over all 18 projects had concentrated and prepared reports for company owned Citrix software and MS Excel. The reports are in Paratoo chart, Pie chart and mainly using MIS (Management Information System) Concepts to implement the quality analyzing structure Hands on experience in Workflow design and deployment. Additional Qualification: * English Typewriting Junior Grade. * Pursed CCNA, RHCE, CWNA training course in ICA computer education, Coimbatore. Educational Qualifications: * Master of Computer Applications (MCA) with an aggregate of 76% from Coimbatore Institute of Management and Technology, (Bharathiyar University, Coimbatore) in the year of 2008-2011. * Bachelor of Computer Applications (BCA) with an aggregate of 73% from SVN College, (Madurai Kamaraj University, Madurai) in the year of 2005-2008. * Higher secondary education with an aggregate of 60% from M.N.U.J. N Hr. Sec. School, Madurai. * Secondary education with an aggregate of 64% from M.N.U.J.N Hr. Sec. School, Madurai. STRENGTH * Works well among team. * Positive Attitude. * Free to learn, quick learner.

Cash Basis vs. Accrual Basis Accounting Essay

Accrual accounting doesn’t just focus on cash flows, instead, it also reflects other resources that are provided and consumed by business operations during a period. This method measures resources provided by business operations by revenue. The measure of resources used to earn revenues is expenses. The difference between revenues and expenses is net income/loss. Accrual basis net income provides a better measure of performance because it attempts to measure the resource inflows and outflows generated by operations during the reporting period, which may not provide the same amount of cash inflows and outflows. Accruals involve transactions where the cash outflow or inflow takes place in a period after the expense or revenue recognition. â€Å"Selling on credit and projects that provide revenue streams over a long period of time affect the company’s financial condition at the point of the transaction. Therefore, it makes sense that such events should also be reflected on the financial statements during the same reporting period that these transactions occur†. (Investopedia, 2013). While cash basis is the difference between cash receipts and cash disbursements from providing goods and services. For cash basis accounting, a transaction happens only when money is exchanged. â€Å"Revenues are reported on the income statement when cash is received from the customers. Expenses are reported on the income statement when cash is paid out. This is one of the problems with cash basis accounting because adjusting entries help ensure that all revenues earned in a period are recognized in that same period, regardless of when cash is received†. (Averkamp, 2004). For accrual basis accounting, â€Å"revenues are recorded on the income statement when they are earned, which more often than not occurs before cash is received. Expenses are recorded on the income statement in the period when they occur/expire which is often in a different period from when the payment is made. This method of accounting provides a better picture of the company’s profits during an accounting period because the income statement will report all of the revenues actually earned during the period and all of the expenses incurred in order to earn the revenues. This method also helps because it reports all the assets that were earned are reported and all the liabilities that were incurred are reported†. (Averkamp, 2004).

Why baby boomers should explore the world of returnships

Why baby boomers should explore the world of returnships Those among us who have been in the workforce for a while have no doubt witnessed a tidal wave of change in the work world- everything from technological innovation to globalization and how employers and employees approach the very notion of work has undergone seismic shifts in recent years, and it can be a real challenge to keep up. If you’re someone who has taken a career break- for whatever reason- and are looking to jump back in to employment, the challenge to get up to speed can be even more daunting. On top of this perception gap, your skill set and industry knowledge may need a refresh or revamp.What is a returnship and who is it for?Although this may seem like an insurmountable obstacle, jumping back into an industry in order to build a new career is completely doable. Companies are recognizing that a significant and potentially valuable segment of the workforce consists of those who are looking to return to work after an extended absence, and are making a real effort to help these individuals make the transition back.As a result, we’re seeing a rise in the number of companies that are offering â€Å"returnships,† which are essentially internships for experienced job hunters who are looking to return to work but need a refresher period- to get up to speed regarding changes in their industry and rebuild their skills. In many instances, individuals who re-enter the workforce through a returnship are able to get back on their professional feet, prove themselves, and get satisfying full-time positions.How to find a returnship opportunityDoes this sound like just the sort of opportunity you’re looking for? If so, there are a few options for snagging a returnship. Some companies have established structured returnship programs that you can apply to, and the number of companies who are developing similar initiatives is on the rise.For example, IBM has a formal 12-week reentry program for experienced technologists as part of its initi ative to diversify its workforce and source the best available talent at various levels. You can search directly to determine companies in your industry who have similar programs; often, companies will provide information for applying for returnship and open employment positions directly on their websites. Try creating a targeted list of companies in your field that you’d like to work for, and do some research to determine if they offer returnship or reentry programs that you might be qualified for. If not, you can always contact their HR departments and suggest that they consider starting such a program- if you can effectively convince them of the potential benefits for doing so you just may be among their first set of program participants.Returning to work after an extended absence can be a real challenge in today’s rapidly changing, ultra-competitive work environment- but it certainly isn’t an impossible mission. If you’ve been out of the workforce for a while and are eager to get back in, consider a returnship program in your area. It just might be the perfect bridge between your current situation and full-time employment.

Amplification Definition and Examples in Rhetoric

Amplification Definition and Examples in Rhetoric Amplification is a rhetorical term for all the ways that an argument, explanation, or description can be expanded and enriched. Also called rhetorical amplification. A natural virtue in an oral culture, amplification provides redundancy of information, ceremonial amplitude, and scope for a memorable syntax and diction (Richard Lanham, A Handlist of Rhetorical Terms, 1991). In The Arte of Rhetorique  (1553), Thomas Wilson (who regarded amplification as a method of the invention) emphasized the value of this strategy: Among all the figures of rhetoric, there is no one that helpeth forward an oration and beautifieth the same with such delightful ornaments as doth amplification. In both speech and writing, amplification tends to accentuate the importance of a topic and  induce an emotional response (pathos) in the  audience. Examples and Observations In amplification, writers repeat something theyve just said while adding more details and information to the original description. . .The main purpose of amplification is to focus the readers attention on an idea he or she might otherwise miss.(Brendan McGuigan, Rhetorical Devices: A Handbook and Activities for Student Writers. Prestwick House, 2007) One of the Biggest Trees in Pittsburgh A massive tree centuries old holds out against the odds here across from my mothers house, one of the biggest trees in Pittsburgh, anchored in a green tangle of weeds and bushes, trunk thick as a Buick, black as night after rain soaks its striated hide. Huge spread of its branches canopies the foot of the hill where the streets come together. Certain times of day in summer it shades my mothers front porch. If it ever tore loose from its moorings, it would crush her house like a sledgehammer. . . . (John Edgar Wideman, All Stories Are True. The Stories of John Edgar Wideman. Random House, 1996) Bill Bryson on Britain's Landscapes In terms of natural wonders, you know, Britain is a pretty unspectacular place. It has no alpine peaks or broad rift valleys, no mighty gorges or thundering cataracts. It is built to really quite a modest scale. And yet with a few unassuming natural endowments, a great deal of time and an unfailing instinct for improvement, the makers of Britain created the most superlatively park-like landscapes, the most orderly cities, the handsomest provincial towns, the jauntiest seaside resorts, the stateliest homes, the most dreamily spired, cathedral-rich, castle-strewn, abbey-bedecked, folly-scattered, green-wooded, winding-laned, sheep-dotted, plumply hedgerowed, well-tended, sublimely decorated 50,318 square miles the world has ever knownalmost none of it undertaken with aesthetics in mind, but all of it adding up to something that is, quite often, perfect. What an achievement that is. (Bill Bryson, The Road to Little Dribbling: More Notes From a Small Island. Doubleday, 2015)   Dickens on Newness Mr. and Mrs. Veneering were bran-new people in a bran-new house in a bran-new quarter of London. Everything about the Veneerings was spick and span new. All their furniture was new, all their friends were new, all their servants were new, their place was new, . . . their harness was new, their horses were new, their pictures were new, they themselves were new, they were as newly-married as was lawfully compatible with their having a bran-new baby, and if they had set up a great-grandfather, he would have come home in matting from Pantechnicon, without a scratch upon him, French-polished to the crown of his head. (Charles Dickens, Our Mutual Friend, 1864-65) "More Light!" Goethes final words: More light. Ever since we crawled out of that primordial slime, thats been our unifying cry: More light. Sunlight. Torchlight. Candlelight. Neon. Incandescent. Lights that banish the darkness from our caves, to illuminate our roads, the insides of our refrigerators. Big floods for the night games at Soldiers field. Little tiny flashlight for those books we read under the covers when were supposed to be asleep. Light is more than watts and footcandles. Light is metaphor. Thy word is a lamp unto my feet. Rage, rage against the dying of the light. Lead, Kindly Light, amid the encircling gloom, Lead Thou me on! The night is dark, and I am far from homeLead Thou me on! Arise, shine, for thy light has come. Light is knowledge. Light is life. Light is light. (Chris Stevens, Northern Exposure, 1992) Henry Peacham on Amplification In The Garden of Eloquence  (1593), Henry  Peacham describes [the] effects [of amplification] in the following manner: It is full of light, plenty and variety causing the orator to teach and tell things plainly, to amplify largely, and to prove and conclude mightily. The very wording of this passage demonstrates the procedure of amplifying one term, amplification itself, and that with the purpose of catching the readers attention.(Thomas O. Sloane,  Encyclopedia of Rhetoric. Oxford University Press, 2001) Selective Amplification Judgment is to be exercised in deciding what thoughts require amplification and what do not. A greater degree of expansion is necessary in oral than in written discourse; and in popular works than in purely scientific. A brief exposition may be sufficient for those who have some acquaintance with the subject, while in addressing those of less intelligence a greater fullness of details is necessary. It is always a most serious fault to dwell on what is unimportant, trivial, or what can be supplied by the reader; it indicates a want of the power of just discrimination on the part of the writer. (Andrew D. Hepburn, Manual of English Rhetoric, 1875) The Lighter Side of Amplification: Blackadder's Crisis This is a crisis. A large crisis. In fact, if youve got a moment, its a twelve-story crisis with a magnificent entrance hall, carpeting throughout, 24-hour portage, and an enormous sign on the roof, saying This Is a Large Crisis. A large crisis requires a large plan. Get me two pencils and a pair of underpants. (Rowan Atkinson as Captain Blackadder in Goodbyeee. Blackadder Goes Forth, 1989) Pronunciation: am-pli-fi-KAY-shun Etymology: From the Latin enlargement

Managing Interest Rate and Exchange Rate Volatility Assignment

Managing Interest Rate and Exchange Rate Volatility - Assignment Example Buckley (1996) identifies two other types of interest rate risk, which include basis risk and Gap risk. If interest rates are determined on a different basis for assets and liabilities then a firm having loans and debts will face basis risk. A company faces basis risk when the interest rates on its loans and debts are determined using different basis. (Buckley, 1996) Assume for example that Kaufman & Connelly Plc issues a fixed rate bond to fund its financing needs and at the same time gives out a loan to another party at a floating interest rate. Her interest payments will therefore be fixed while interest receipts will be variable and will depend on prevailing rates. She will therefore be facing basis risk since her interest expenses and revenues will be determined on different basis. A company faces gap risk when it has both fixed rate liabilities and assets. When fixed rate liabilities exceed fixed rate assets then there is positive Gap, with a positive gap a rise in short term rates increases margins while declining rates decrease margins. On the contrary if fixed rate liabilities are less than fixed rate assets, then there is negative gap. In this case a rise in short-term rates decreases margins while a decrease increases margins.(Buckley, 1996). Elekdag and Tchakarov (2006). Changes in interest rates have also been the major determinants of business cycles or trade cycles in emerging markets such as Thailand in recent times. (Elekdag and Tchakarov, 2006). The figure above is an indication of how interest rates and business cycles are related in Thailand. High interest rates lead to low output whereas low interest rates lead to high output. Therefore Kaufman & Connelly Plc is likely to face decreases in demand for its products during a period of the high interest rates and increases in demand during lower interest rates. ii. FOREIGN EXCHANGE EXPOSURE Exchange rate exposure can be defined as the degree to which a firm's cash flows, assets, liabilities and value can be affected by exchange rate movements. (Buckley, 1996). According to Buckley (1996), assets, liabilities, profits or expected future cash flows are said to be exposed to foreign exchange risk when a change in exchange rate would result in either a positive or negative change in the home functional currency (home currency) value of the asset, liability, profit, expected cash flow or firm value. The term "exposure" used in the context means that the firm has assets, liabilities, profits or expected future cash flow streams such that the home currency value of assets, liabilities, profits or the present value in home currency terms of expected future cash flows changes as changes in exchange rates occur (Buckley, 1996: pp 133). From the foregoing foreign-currency-denominated assets and liabilities as well as expected foreign-currency-denominated future cash flow streams are clearly exposed to exchange rate risk. (Buckley, 1996; Shapiro, 2003). Buckley (1996) also notes that home-currency-denominated expected future cash flows may also be exposed to foreign exchange risk. For example, a firm based and selling goods in the United States may be competing with European firms and as such its expected future c

Kantian Philosophy Term Paper Example | Topics and Well Written Essays - 1250 words

Kantian Philosophy - Term Paper Example Conversely, the standards were either only based on desire and the tools of rationality or were emphasized on sui generis rational instincts. Kant also approved the basic principles described by his predecessors that were an examination of the practical reasons which will disclose the obligation that the rational mediators must rely on to believe in instrumental principles (Guyer, 2006). However, he said that a non-instrumental principle called CI should be complied with to grasp the moral requirements there in, and should be visible to basic rational agency. The argument was based in the premise that outstanding doctrine must be considered as sovereign and self regulating, or free from the restrictions of self-sufficient will. Therefore, in Kant’s moral philosophy, the idea was to conceal the reason which outreaches the practical reasons that go beyond the Human ‘slave’ to his desires. Additionally, a self regulating reason in the life of every person could be based on the crucial grounds for reviewing the worthiness of equal respect and also equal importance. The most significant of Kant’s positions are compiled in The Groundwork of the Metaphysics of Morals’ which was later just called as ‘Groundwork’ but was a much more enriched and developed version (Wood, 2005). Later books such as ‘The Metaphysics of Moralsà ¢â‚¬â„¢, ‘The Critique of Practical Reason’ and many others were based on the principles of Groundwork, but in recent years many scholars have not been happy with the findings of Kant which will be described later in this text. Kant maintained a deontological view, one where individuals should be considered an end, rather than a means to an end. Kant believed that a legitimate act, one that is good, must meet with ethical imperatives to justify it. Thus, the highest good is to act from duty. Kant rejected a measure of conducting goodwill toward others when the motivation behind that act did not stem from moral constructs of legitimate and ethical principles. When an act is motivated by self-gain, regardless of the contribution to serving humankind, it is not justified morally by universal values (Guyer, 2006). The doctrine of responsibility of Kant began with the following perspectives: If the aim of aim was to get happiness, then all we will ask for will be gratificati on and pleasure and optimism that would lead our way to ultimate happiness. But, happiness is not in our control to accomplish, and happiness is basically a chance of luck. Furthermore, if we want to eschew skepticism and nihilism, and our ethics tell us to work that Kant believes that ethics must be universal, appropriate for all human race, and unconditional, which means no exceptions allowed (Wood, 2005). II. Opponents of Kant Philosophy The opponents of Kant’s Philosophy are many and are divided into three categories. The first and most important ones are the Ethical Relativists- who belief that there is no reason or logic that could be established for moral principles and universal ethics. These critics support the possibility that as Kant states virtue results from a realistic reasoning, it should not be the case. Schopenhauer and others believe that virtue has nothing in relation to rational life and on the contrary it can be based on emotions as the Machiavellian rati onal expediency believes in. (Janaway, 1999). The Utilitarianists are the people who consider providing utility as their first priority for the masses with little stress on the means to accomplish it. Kant began with the abstract concepts that in an attempt to know the real insights, he began from the abstract judgment