Parental Corporal Punishment

In different households across the nation many parents spank, whip, swat, or paddle children in order to punish them for doing wrong or to act as a buffer against unacceptable behavior. These types of actions are acts of corporal punishment. Researchers Abraham Andero and Allen Stewart of Alabama State University define corporal punishment as â€Å"a discipline method in which a supervising adult deliberately inflicts pain upon a child in response to a child’s unacceptable behavior† ( Andero and Stewart 90). Proponents of corporal punishment argue there is no harm in using corporal punishment in order to correct a child’s behavior. Corporal punishment is a controversial subject among parents, teachers, and the medical community. It is agreed among researchers that children should be disciplined for their improper behavior; however, corporal punishment is an unacceptable disciplining tool because it teaches children to use violence, causes physical and psychological damage, and there are other ways to discipline a child besides corporal punishment. Corporal punishment teaches children to use acts of violence against their peers or other members of society. Douglas Fry, a well- known anthropologist, noted that â€Å"Psychological research shows that parents or adults that use physical punishment, there is a tendency for recipient child to imitate the adult and act aggressively† (Fry 53). Fry conducted an observation on children ages three to eight years from two different communities: La Paz and San Andres. Fry recorded data on the children’s fighting and play fighting behavior. The results of his study concluded that the children of La Paz had lower levels of serious aggression and play aggression than the children of San Andres. The reason the children of La Paz had lower levels of aggression was because their parents used nonviolent techniques to discipline them (Fry 51-54). The conclusion of this particular study coincides with the social learning theory. Researchers Jennifer Lansford and Kenneth Dodge, in a similar study of cultures concluded that â€Å" the more frequently a society employs corporal punishment of its children, the more prevalent adult violence is at a societal level and the more adults endorse the use of violence† (Landsford and Dodge 265). Children are committing more and more violent crimes every day and some studies have shown a link between children that are physically disciplined and children who use violence against each other. Lansford and Dodge also noted that â€Å"an individual could become violent later on in life if their parents condone violence† (265). Parents need to be especially mindful of their behavior because children tend to model their parent’s behavior. Parent’s attitudes concerning corporal punishment can affect how their children behave. A phone interview was given to 134 parent child dyads. The children that were interviewed ranged in ages from 10 to 13. The parents were asked questions in reference to their parenting style, their mental health, and questions in relation to their over all relationship with their children. The children were asked questions about being bullied and being involved in fights and how well they interact with their parents. The findings of this surveyed revealed forty percent of parents interviewed admitted that they would tell their child to defend themselves if they were hit or pushed. Two out of three children reported that they would fight another student if they became angry enough. The survey also revealed that children whose parents physically punished them had higher instances of fighting and bullying within their last school term (â€Å"Parents† 3-4). Parents are wise to tell their children what their expectations are regarding violence and children need to be taught how to handle conflict in a nonviolent manner. Advocates of corporal punishment rarely seem to take into account the physical and psychological damage incurred to children who have been physically punished. The most obvious damage done is that which can be seen by the eye. Often times, when a parent administers corporal punishment, they are angry and allow his or her emotions to get the best of them. Some parents do not know when to stop hitting their child. Elizabeth Gershoff, a researcher from Columbia University, notes in one of her studies that â€Å"if corporal punishment is administered too frequently or severely it can lead to child abuse† (Gershoff 542). Unfortunately the child suffers the most from being hit out of anger and frustration. Lacerations, cuts, welts, and discoloration of skin can be visual effects of corporal punishment. While more attention maybe given to the physical effects of corporal punishment, in no way should we not be cognizant of the psychological effects of corporal punishment. The psychological effects are not as visible and noticeable as the physical effects of corporal punishment. Although there is no definite clear cause and effect evidence, many psychologists find correlations strong enough to find that corporal punishment causes lasting harm such as low-self esteem, depression, and even suicide. Researchers at Old Dominion University conducted a study of 274 undergraduate students that concluded â€Å"respondents who experienced the highest level of physical punishment in their families of origin reported higher family conflict†¦greater family worries†¦more depressive symptoms†¦and more negative social relationships† (Leary, et al. 1). Similar research has also shown that children who have been physically punished can also show signs of stress. Researchers from the University of New Hampshire concluded that â€Å"receiving physical punishment from a parent is likely to be stressful† (Mulvaney and Merbert 390). The stress incurred to children can lead to â€Å"mental health disorders†¦including decreased emotion processing† (Mulvaney and Merbert 390). The stress can be overwhelming to a child and the affects of the stress can have a negative impact leading into adulthood. There are alternative methods to discipline a child besides corporal punishment. These methods will not cause physical harm and can be quite effective. One way to discipline a child is to â€Å"tolerate or ignore the behavior† with the hopes that the child will change his or her unwarranted behavior (Fry 23). Dr. Waterston, a pediatrician, recommends timeout which means â€Å"to withdraw attention for a period of time† and is â€Å"effective in increasing compliance† (Waterston 261). This method of discipline usually works well with younger children. The effectiveness of timeout depends on if it is used â€Å"consistently†¦for an appropriate duration†¦not excessively† (American† 725). A type of punishment that is more appropriate for older children is to remove privileges or deny them the right to participate in their favorite activity. In order for this type of discipline to be effective it is recommended that â€Å"a valued privilege or reinforcer is removed† (â€Å"American† 725). For example, instead of lashing Little Johnny with a belt because he talked back to his teacher, a parent could instead deny Little Johnny the right to attend the movies with his friends on Friday night. Denying Little Johnny the right to attend the movies with his friends will probably hurt him more than the lash of a belt. Parents can also use verbal reprimands as a form of discipline. Parents need to be especially careful of how they verbally reprimand their children, or this form of discipline can lose its effectiveness. The American Academy of Pediatrics explains that â€Å"verbal reprimands should reference the undesirable behavior and should not slander the child’s character† (â€Å"American† 725). It is best that parents are not fueled by anger when employing this type of discipline. The subject of corporal punishment will continue to be a debated topic. There are parents, doctors, and teachers that see no harm in parents using corporal punishment to discipline their children. Physically punishing a child teaches them to use violence as children tend to learn by example. Physical punishment affects children physically and psychologically which could causes problems as they enter adulthood. Clearly, there are other methods to discipline children which can be effective and will not cause harm to children. Ultimately, it is the parent’s choice whether or not they want to use corporal punishment as a disciplining tool. As more research is conducted on the effects of corporal punishment, hopefully parents will learn through education and awareness that corporal punishment is an unacceptable discipline tool.

Mobilization of Deposits

Topic: â€Å"Mobilization of deposits in banking system of Pakistan† Submitted to: Ma’am Bushra Submitted by: Muhammad Mumtaz (09-arid-929) Tayyab Sultan (08-arid-387) Muhammad Sohail Zafar (09-arid-934) Farhan Ahmed (08-arid-402) ACKNOWLEDGEMENT Thanks to Almighty ALLAH who had made us able to complete this project with the true knowledge. Special thanks are due to our respected teacher Ma’am Bushra Zulfiqar who have shown us the right way to go for our project to success and enlightened our mind with the tips and guidance to think creatively.We are thankful to our friends, who help us a lot during this course of project. Table of content: 1) Deposit——————————————————————————-4 2) Current Accounts——————————— ———————————-4 3) HBL Freedom Account————————————————————4 4) HBL Business ValueAccount—————————————————-4 5) Term Accounts———————————————————————-5 6) HBL Advantage Account———————————————————-5 7) Investment Plus Deposit————————— —————————â €”–5 8) Savings Accounts————————————————– —————–5 9) PLS – Savings Account————————————————————-6 10) Remittance Munafa Plus Savings Account—————————————6 11) Foreign Currency Accounts———————————————————7 12) Mobilization of deposits————————————————————-8 13) HBL Car Loan—————â⠂¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€ ——————8 14) HBL Car To Car———————————————————————–9 15) HBL Credit Card———————————————————————10 16) HBL Home Loan———————————————————————11 17) HBL INVESTMENT BANKING———————————– ————–13 18) HBL Zarai Banking————â₠¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€14 19) MCB Islamic banking——————————————————- ——–17 20) Al-Makhraj Saving Account————————————————— —–17 21) IANAT Account———————————————————————–18 22) Al Makhraj Term Deposit————————————————————20 23) Ijarah———————†”————————————————————20 24) Murabahah——————————————————————– ———-21 25) Diminishing Musharika Equipment————————————————-21 Abstract: Banks generally adopt following strategies to mobilize their Deposits in two categories 1-  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Demand Deposits which are payable to the owner on demand i. e Savings Accounts Current Account etc. 2-  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Time Deposits.These are Fixed Deposit for various tenors ranging from month to 10 years and are payable at maturity. * Banks accept Deposits from institutions like Government institution s, public ltd and Private limited companies and Trusts etc. * Banks accept Deposits from general public by launching various Deposit schemes catering the needs of every segment of society and offer attractive Profit rates on these schemes. * For example HBL offers HBL Money club Account to kids up to the age of 18 and offer ATM Card (with restricted Limit) and attractive Profit Rates up to 7. 55% to attract the youngsters who will subsequently prefer to maintain their Account with HBL till life time. For Businessmen who frequently transfer money to and from their Accounts to make their business payments HBL offers Freedom Account in which they can make Drafts of unlimited Number and amount and free online funds transfer by maintaining minimum daily balance of Rs. 25,000. 00/- only. This strategy attracts huge numbers of businessmen to HBL which has competitive advantage of largest Network of branches in every city of Pakistan with online facility. * For customers mostly businessmen who want profit on daily basis HBL Offers HBL Daily Progressive Account on which profit is calculated on daily basis and credited into customers Accounts at month end. * Similarly to encourage the remittances by expatriates through banking channels HBL offers RMPA Remittance Plus Munafa Accounts. * HBL mobilizes its deposits in the form of investments in projects and give loan to corporations as well as to the consumer.HABIB BANK LIMITED: DEPOSITS: There are different types of deposits account. Current Accounts: Make unlimited transactions while maintaining a low minimum balance every month. Current Account of HBL: * Minimum balance of Rs. 5,000 * Unlimited transactions * Non-profit bearing * HBL Debit Card and Inter Branch Transaction System (IBTS) facilities * Funds transfer to any bank through HBL Phone Banking Basic Banking Account (BBA): * Can be opened with only Rs. 1,000 * No minimum balance requirement * Up to 2 withdrawal and 2 deposit transactions free every month * Unlimi ted withdrawals through HBL Debit Card * Non-profit bearing HBL Freedom Account:Use your money as you please with HBL Freedom Account. Rest free from worries and expand your business with unmatched accessibility. HBL Business Value Account: * No minimum balance requirement * HBL Debit Card and Inter Branch Transaction System (IBTS) facilities * Unique transactional account for Businessmen * Up to 10 Bankers Cheques free (at minimum balance of Rs. 500,000) * Profit calculated daily, paid every quarter * Up to 5. 35% profit per annum * Funds transfer to any bank through HBL Phone Banking. * Nominal monthly maintenance charge of Rs. 50 Term Accounts: Invest your savings in our term deposits for a fixed duration and earn profit while keeping your savings secure.HBL Advantage Account: | | |   | | | | | | | | | Term| Profit per annum| 1 Year | | 12. 00%| | 3 Year | | 14. 00%| | 5 Year | | 15. 00%| | 10 Year | | 18. 00%| | | | |   | †¢ | Multiple options for tenure and profit payo ut. | †¢| Loan facility up to 90% of investment. | †¢| Minimum investment of Rs. 25,000. | †¢| Withdrawal at end of fixed term. | Investment Plus Deposit: * Profit paid at maturity * Minimum investment of Rs. 20 million| * Multiple options for tenure and profit payout| * Withdrawal at end of fixed term * Account for Institutions| Savings Accounts: Avail the flexibility of making transactions while earning profit on daily/monthly basis.HBL Value Account: * 7. 19% profit per annum| * Profit calculated monthly, paid every quarter| * Deposit ranges from Rs. 10,000 to Rs. 1,000,000| * Two withdrawals free every month| PLS – Savings Account: * 5. 06% profit per annum| * Profit paid bi-annually| * HBL Debit Card and Inter Branch Transaction System (IBTS) facilities| * Funds transfer to any bank through HBL Phone Banking| * Minimum balance of Rs. 20,000| * Unlimited transactions| Remittance Munafa plus Savings Account: * Special account for receiving foreign remittance s| * 5. 12% profit per annum| * Profit paid every month| * Minimum balance of Rs. 20,000| Daily Munafa Account: Profit calculated daily, paid every month| * Up to 8. 84% profit per annum| * HBL Debit Card and Inter Branch Transaction System (IBTS) facilities| * Funds transfer to any bank through HBL Phone Banking| * Minimum balance of Rs. 20,000| Daily Progressive Account: * Unique transactional account for Institutions| * Profit calculated daily, paid every month| * Up to 11. 57% profit per annum| * Inter Branch Transaction System (IBTS) facility| * Funds transfer to any bank through HBL Phone Banking| * Minimum balance of Rs. 20,000| Foreign Currency Accounts: HBL offers Foreign Currency Accounts in multiple currencies as savings and term accounts. FC-SB: Savings Account offered in 3 currencies, USD (US dollar), EUR (Euros) and GBP (UK pound)| * Tiered product, with rates depending on choice of currency| * To earn profit, minimum balance should be 1000 USD, EUR or GBP| * Interest is payable on a quarterly basis| HYFFD (High Yield Foreign Currency Fixed Deposit): * Available in 1 month, 2 month, 3 month, 6 month and 12 Month in USD, EUR | * Tiered product, with rates depending on choice of currency and term| * Profit paid on maturity only. | Mobilization of deposits: HBL CAR LOAN: HBL CarLoan helps you get your preferred car through a simple and hassle-free process, backed by superior service and support. Now you can drive a car you always wanted. Features: * Choice of used, new local/imported and reconditioned imported car. * Repayment options ranging upto 7 years. | * Up to 85% of financing for the car of your choice. | * Insurance at all times for complete peace of mind and security. | * Round the clock support available through HBL Phone Banking you can place your requests and queries, track the status of your repayment/loan account and avail other value-added services through HBL Phone Banking. | Eligibility criteria: | Salaried Individuals | Self-Employ ed Business persons/ Professionals | Citizenship| Pakistani| Pakistani| Age| 22-60 years | 22-65 years | Minimum monthly income| Rs. 20,000 | Rs. 25,000 | Documentation: Salaried Individuals | †¢ | Copy of CNIC | | 2 recent passport size photographs| †¢| Latest original salary slip and personal bank statement for last 3 months| | Self-Employed Business persons/Professionals| †¢ | Copy of CNIC | †¢| 2 recent passport size photographs| †¢| Bank statement for last 6 months and bank letter confirming details of account| †¢| Proof of business| | HBL Car To Car:| HBL Car To Car is a revolutionary car financing offer. It makes the car of your choice affordable and practical with a buy back guarantee. HBL CarToCar offers matchless features and unique options at the end of the lease. Now you can drive a new car at the end of every two years. Features: Affordability:With HBL Car To Car, you only have to pay the difference between the car price and the pre-agreed residual value to the bank. As a result, the monthly installment may even be 40% to 50% less than that of conventional financing Upgrade of lifestyle: HBL gives you the guarantee that if you wish to return the car to us at the end of the lease term, you will not have to pay off the car’s residual value. Instead, we will directly settle this outstanding liability for you under the buy back guarantee. Hence, you can upgrade to a new car as frequently as two years* without any complication and hassle. Pay only for what you use:When you lease a car under HBL Car To Car, you only pay for that part of the car’s value that you use during the lease term.The car’s residual value* (forecasted for the end of the specific lease term) is agreed with you at the start of the lease term. This amount is deducted from the car price thus lowering the finance amount. This finance amount is based only on a part of the car’s value and not the full value of the car. Therefore, HBL CarToCar offers very low installments as compared to any conventional financing. |   | .| Flexibility| | HBL Car To Car offers you several choices at the end of the lease term:| * Upgrade – Simply return the car to HBL and drive a new one home | | * Walk away – Return the car to HBL and end the lease| | * Buy – Keep the same car.Just make a one-time settlement of the car’s residual value to HBL or pay the same in easy installments over a specified extended period of time| | * Sell – Enjoy the gain from selling off the car at a higher price in the market than what you ay HBL as the residual value| Eligibility criteria: | Salaried Individuals | Self-Employed Business persons/ Professionals | Citizenship| Pakistani| Pakistani| Age| 22-60 years | 22-65 years | Minimum monthly income| Rs. 20,000 | Rs. 25,000 | Documentation: Self-Employed Business persons/Professionals †¢ | Copy of CNIC | †¢| 2 recent passport size photographs| †¢| Bank statement for last 6 months and bank letter confirming details of account| †¢| Proof of business| Salaried Individuals | †¢ | Copy of CNIC | †¢| 2 recent passport size photographs| | Latest original salary slip and personal bank statement for last 3 months| | | | HBL Credit Card:| Welcome to a world of convenience and flexibility. Accepted at over 29 million merchants worldwide, HBL Credit Card makes shopping fun and paying simple. So make the most of your shopping experience. Gold Card|   | Green Card| Rupees| Minimum gross salary requirements| Rupees| 50,000| | Salaried individuals| 15,000| | 180,000| | Self-employed business persons/professionals| 25,000| | | Rupees| Credit limit range| Rupees| 150,000| | Minimum| 20,000| | 500,000| | Maximum| | | | HBL Home Loan:| HBL Home Loan offers financing options to purchase a new house or renovate an existing house.Outright purchase: The outright purchase loan option provides financing for buying a new house. Home im provement: Home-improvement loan option provides financing for renovating your house. Outright Purchase| Descriptors| Home Improvement/ Renovation | 3 years to 20 years| Loan tenure| 3 years to 20 years| Rs. 300,000 – Rs. 15,000,000| | Loan amount| Rs. 300,000 – Rs. 5,000,000| | 85%| | Maximum financing amount (as % of appraised value of the property)| 70%| | 5 years| Property lease (years remaining at the time of loan maturity) | 5 years| Borne by the Bank| | Property insurance| Borne by the Bank| | Primary applicant and co-borrower| | Life insurance through HBL by the insurance company on HBL panel)| Primary applicant and co-borrower| | Eligibility criteria: | Salaried Individuals| Self-Employed Business Persons/ Professionals| Nationality | Pakistani (resident) | Pakistani (resident) | Age criteria of the main applicant and co-borrower whose income is being clubbed (spouse only)| | Permanent employees Minimum age at the time of loan application should be 21 years. M aximum age at the time of loan maturity should be 60 years. Contractual employees Minimum age at the time of loan application should be 21 years. Maximum age at the time of loan maturity should be 55 years | Minimum age at the time of loan application should be 21 years.Maximum age at the time of loan maturity should be 65 years. | | Length of Employment| | Permanent employees Minimum 1 year experience; 6 months experience with confirmed employment status in the current job. Contractual employees Minimum 2 years work experience. Third party contractual not eligible. | Minimum 2 years experience in personal business| | | Documentation:| Salaried Individuals| | * CNIC copy * 2 passport size photographs * Letter from employer * 2 latest salary slips or salary certificate * Bank statement for last 6 months and bank letter confirming details of account * Copies of property documents| | Self-Employed Business Persons/ Professionals| CNIC copy * 2 passport size photographs * Proprietorship : Bank Certificate / Latest Tax Assessment Order * Latest one year bank statement * Partnership Deed * Registered Form C * Memorandum, Article of association and registered Form 29 A (applies to company directors) * Copies of property documentsSchedule of bank charges: Application processing charges (including 16% FED)| Rs. 7,000/- (non-refundable)| Early settlement charges | 4. 7% of outstanding principal | Partial payment charges | 4. 7% of adjusted principal | Late payment charges | Rs. 700 (for each late payment) | Property evaluation fee | Actual cost plus 16% FED to be recovered | Legal fee | Actual cost plus 16% FED to be recovered | | HBL INVESTMENT BANKING: HBL offers full-service Investment Banking capabilities to its clientele. This year alone, HBL has closed over thirty transactions with a cumulative worth of over USD 2 billion. This is a testament to the out-of-box thinking and the innovative products we bring to our customers.The Investment Banking Group functions in t hree specialist business areas: Project Finance, Debt Capital Markets & Syndications and Equity Capital Markets & Advisory. Project finance: The bulk of HBL’s project finance practice revolves around the power sector. Prior to the power policy of 2002, HBL actively pioneered Project Finance in Pakistan through the funding of a gas-fired co-generation plant (94 Megawatts of power and desalination of 3 million gallons per day). Subsequent to the 2002 power policy, HBL continues to play a fervent role in the sector and is the only Investment Bank that was Lead Advisor to all IPP transactions that achieved financial close.In the fertilizer sector, HBL financed the largest local currency financing in Pakistan, worth PKR 23 billion, as well as a green field venture in the telecom sector worth PKR 12 billion. Debt Capital Markets & Syndications: Depending on the requirements of its customers, HBL offers a variety of products, including syndications, securitizations, privately placed and listed TFCs, term finance facilities, commercial papers, etc. HBL played the lead role in a number of significant debt transactions, including PKR 15. 14 billion TFC issue (the largest privately placed issue in Pakistan), the first bond offering for any microfinance institution in all of Asia, credit enhancement for a rapidly growing company in the consumer durables sector and numerous tier-2 capital transactions for commercial banks. Equity & Advisory:HBL offers a breadth of equity and advisory products including innovative capital raising techniques, restructurings, public and private equity placements and mergers & acquisitions. The HBL team played a pivotal role across several sectors, including energy, agriculture, consumer products, fertilizers, etc. , for raising various forms of equity and quasi-equity. Recently, HBL structured a convertible debt note with a built-in Put feature for a US-based provider of agriculture technology and dairy solutions – a first of it s kind transaction in Pakistan. HBL also provides valuation for a company in the food and beverages sector. HBL ZaraiBanking:HBL ZaraiBanking facilities are spread across the country and provide financing through more than 800 of our branches. HBL’s presence in all agriculture belts of the country ensures easy access to farmers in rural areas. HBL ZaraiBanking provides loans to small-scale land owning farmers as well as large institutionalized and alliance based finance, enhancing agricultural harvest and, in turn, economic output of the country. Products: HBL ZaraiBanking enables farmers to invest in premier quality seeds, fertilizers, pesticides, agricultural implements and non-farm setups through its various product programs. Crop Inputs: Crop specific finance for purchase of Agri inputs such as seed, fertilizer, pesticide and other related inputs. Farm Implements:Finance available for purchase of farm implements & machinery like combined harvester, sprayers, ploughs, tube wells and other crop-related tools/implements. Tractors/Agricultural Vehicles: Finance available to individual farmers, self-employed tractor operators, providing the option to select vehicles from a range of different manufacturers. Livestock: Finance available for feed, medicines, raw material, raising charges and other related activities. Poultry: Finance available for all poultry related activities including poultry farm construction/equipment, hatchery plant & machinery, poultry feed, poultry medicines, composite feed production, poultry processing and other related activities. Fish Farming: Finance available for inland fish farms as well as deep-sea fishing.This includes procurement of boat, fish locating equipment, nets & ropes, ice maker, fish farm water solution, hatchery construction/equipment, purchase of medicines / feed and other related activities. Group Lending: Joint finance facility for a group of farmers with small land holdings for working capital requirement. MC B Islamic banking Islamic Banking Division was formed with effect from 1st January 2003, which in a short span of time, has developed sufficient expertise, necessary infrastructure, information technology, and manpower to run Islamic Banking Operations and offer Islamic Banking Products. Mission statement: To play a dynamic role in promotion of Islamic Banking and win customers trust by providing sharia compliant financial services. Vision:To become a leader among Islamic Banks of the country in the coming years capturing major share of the domestic Islamic financial market. Al-Makhraj Saving Account: The minimum deposit requirement for Al-Makhraj Saving Account is only Rs. 5000 and profits can be earned 6-monthly. Other features associated with this product are as follows: Minimum Initial Deposit: Rs. 5000 Islamic Tools used in designing the product: Mudaraba/ Musharaka Product to be availed by: Individuals & Joint Account Holders (Local) Companies, Corporate, Trusts, etc Special A dvantages: For Customer = Bi-Annual Profit Payment; Withdrawal Facility Shariah = Meets requirements for Shariah Compliance Additional Features: | * Personalized Cheque books| * Withdrawal Facility from ATM/ Debit Card| | * Online deposit as per bank's policy| | * Virtual Banking| | * Call Centers Facilities| | * 6-monthly profit payment on the basis of monthly declared rates| | * Issuance of duplicate statement of account (as per SOBC)| | * Free bank balance certificates (once in 6 months)| | * Taking stop payment/ hold mail/ standing instructions| | * No penalty if balance falls below minimum level. | | * Personal financial consultancy services (regarding Shariah Compliant products)| | * Utility bill payment via ATM card| | * Choice of statement frequency (as per Schedule of Charges)| IANAT Account:For customers who are looking for a chequing account that gives them the ease of doing unrestricted number of transactions, we offer Al-Makhraj Ianat Account. With a minimum of only Rs. 10,000, Ianat Account may be opened. With all the features and facilities that this product offers, it is highly recommended for management of business funds. Details of the product are as follows:| | 1| Minimum Initial Deposit: Rs. 10,000| 2| Product to be availed by: Individuals ; Joint Account Holders (Local), Companies, Corporate, Trusts, etc| 3| Additional Features: | | A| Personalized Cheque books| | B| Withdrawal Facility from ATM/ Debit Card| | C| Online deposit as per bank's policy| D| Debit card; Utilities payment via ATM card| | E| Virtual Banking| | F| Call center facilities| | G| Free bank balance certificates (once in 6 months)|   | H| Taking stop payment/ hold mail/ standing instructions|   | I| Issuance of duplicate statement of account (as per Schedule of Charges)|   | J| Choice of statement frequency (as per Schedule of Charges)|   | K| No penalty if balance falls below minimum level. | 4| Banking Network: IBD's Branch only| | Al Makhraj Term Deposit: A mi nimum of Rs. 25,000 is required for investment in Al-Makhraj Term Deposit. Choice of tenors can be made from a list of options namely 1, 3 ; 6 months, 1 or 2years.Profit payment options available to customers are monthly, quarterly and/ or at maturity. Details of the product are as follows: * Minimum Deposit: Rs. 25,000| * Islamic Tools used in designing the product: Mudaraba/ Musharaka| * Tenors Available:1 mth, 3 mth, 6 mth, 1 yr or 2 yrs | * Product to be availed by: Individuals ; Joint Account Holders (Local), Companies, Corporate, Trusts, etc| * Special Advantages: | | * For Customers = Profit Payment Options customized to suit needs of customers; Minimum Deposit requirement’s lower than most banks so it is more accessible/ affordable for people | | * Shariah = Meets requirements for Shariah Compliance | | * Additional Features: | | * Call center facilities| * Taking hold mail/ standing instructions for profit payments etc| | * Personal financial consultancy services (re garding Shariah Compliant products)| Profit Sharing Ratio on Al-Makhraj Account: Profit Sharing Ratio on Al-Makhraj Riba-Free Savings ; Term Deposit   Accounts is: Rabbul Maal (Depositor)|   Ã‚  70%| Mudarib (Bank)|   Ã‚  30%| MCB offers 3 broad Islamic fund based facilities: * Ijarah * Mudarabah * Diminishing Musharika Equipment Ijarah: MCB’s Islamic Ijarah, analogous to the English term ‘leasing’, is based on the ‘Ijarah wa Iqtina’ concept which means the sale of the asset to the lessee (customer) after the Ijarah has matured. Under this scheme, MCB will be the owner of the asset, and you (lessee) will be given the asset to use

Business Case Study

A report on investigation into Business Case Date: May 02, 2013 Acquainted with your Business situation. I see a few problems within your business. One of the problems is changes in economic environment, which lead to conflict between stakeholders. The other problem is change of business structure. A success factor for any business is to analyse and understand the external environment in which it operates. Understanding of different types of stakeholders within business is essential too. To analyse business situation various method can be used. To analyse your current business situation I have used SWAT analyse which will give you opportunity better understand external environment and how it can impact your business. And will help you better understand conflict between stakeholders. The most basic SWOT analyse will examine how threats and opportunities can be dealt with while allowing the organisation to utilise its strengths and weaknesses to meet its key success factors [objectives]. A basic SWOT analysis should include an assessment of where the company is at current time and where it wishes to be at some point in the future . The organisation also needs to decide how far away that future is-it will vary from a few month to many years depending on the organisation, the nature of the business and its current situation (B 120, Book 1). SWOT analysis for the The Lodge Bistro Chain Strengths New IT system Initiative management stuff Possibility to adjust to changes Name and business recognition| Weaknesses Informal structure High stuff turnover Inconsistency in standards | | | | | | | | | | | | | | | Opportunities New consumers base Reinstate some formal structure and rules| Threats Complete loss of concept Lose of standards Competition External economic environment| | | | | | | | | | | | | | | | | As you can see from analyse above that the strengths will be recognition of your business and possibility of the business to adjust to new economic environment as you have initiative management team as it is described in Business Case: As an example of these issues, the young manager of one of the cafes in a central urban location began to offer a range of less expensive snacks to cater for diners on low incomes and reduced packaging to respond to the environmentally friendly principles of many customers. Another, in an area close to an office complex, offered a range of healthy eating options. It clearly shows that you have opportunities to attract new consumer’s base. Reinstate some formal structure and rules will give you better opportunity to control business Weaknesses arise from high stuff turnover, as you spend time, recourses for educating stuff. I think it would be beneficial to investigate why they leaving and looking for benefits packages you can purpose to your stuff And main threats arise from losing standards, huge competition and economic environment. For future I would purpose you to use methods like SWAT, STEEP and analyse of stakeholders before making any changes. Would be beneficial to make SWAT analyse on the way business was in 80’s and use it as comparison to current situation. It will give you opportunity to reinforce some formal structure more successfully. References The Open University (2006) B120 An Induction to business studies, Book 1, What is a business? ’, Milton Keynes, The Open University, page 95.

You can find it in the instructions paper Essay

You can find it in the instructions paper - Essay Example The film, however, faces the very force and capabilities of the evolving city of Beijing. The globalization setting of Beijing, therefore, could have been the compelling reason of Jia’s filmsetting. Filming of the World in main social places in Beijing city bears a lot of significance as far as migrants experience is concerned. The landscapes like Beijing World Park, Qun’s family clothe store and the Beijing railway station all have cultural and social demands that new migrants from local regions have to learn. Moreover, in all the global landscapes in Zhangkes film, confounding factors such as language barriers, music, dance, clothes, changing technology, dialects’ and the buildings are clearly depicted. These factors have great impact in influencing the very functions and objectives of the global landscape. The elements also shape the values and identities of their inhabitants like the transformation of Qun and Tao. Social regions like the Beijing railway station and Qun’s clothes store all differ in function and locality. However, their roles in transforming the livelihood and behavior of migrants from the local regions are evident. For example, the social places influences the thoughts of the migrants about the immorality issues like prostitution in the city. Some migrants like Mau became prostitutes because of the city’s social places influence while others like Tao managed to conserve her believe on immorality. Moreover, the city social places managed to unite migrants from different ethnic backgrounds, like the relationship between Qun and Taisheng that thrived, despite the two being natives of two different speaking languages. This shows that in a globalizing society, the social hierarchy power of individuals is envisaged in their flexibility to adapt to changes in their vicinity. This adaptation may involve learning a foreign language to help migrants fit in the established culture and the

Revenge in the Contemporary Society Assignment Example | Topics and Well Written Essays - 1000 words

Revenge in the Contemporary Society - Assignment Example Shakespeare presents two pieces of artwork of Titus and Titus Andronicus who appears as a sordid tale of bloodthirsty revenge in political turmoil. The pieces of work present a turbulent scenario characterized by massive blood flows and unthinkable brutality. In the process of affecting the revenge, countless murders are reported, rape and terrible actions of fierce mutilation. Generally, the characters in both pieces of work of Titus Andronicus are the Romans and the vital captives that found their way to the Roman Empire after the ten-year war with the Goths. This integrated the Goth’s queen, Tamara, and her family members who were the painful bearers of the cold brutal murders, hence, creating the theme of revenge (Shakespeare 232). Shakespeare presents this theme as a plot in one of his earlier works which do not appear to be popular as the pieces of work are viewed as excessively violent which, in my opinion, appear to be the best setting for the theme. The story is quite powerful and juicy as moving though is not that dynamic as one may wish a player to be. Titus Andronicus is a Roman general, who is in charge of a leadership position in the army that fights the Goths and defeats them in cruel and bloody war. Before the war is finished Titus wants to execute the son of the queen of Goths, Tamara, who pleads for the mercy for her son as it is normally said that the pain of childbirth should be enquired from the mother. Titus though defies the pleas of the mother and goes ahead to kill Tamara’s son anyway (Shakespeare 157). After the bloody killing of Tamara’s sons by Titus, the queen swears to revenge on Titus’ kingdom and initiates a total bloodbath.  

Financial Accounting Midterm Project Essay Example | Topics and Well Written Essays - 2000 words

Financial Accounting Midterm Project - Essay Example Meanwhile, managerial accounting reports are designed to serve specific needs of the management. They make use of both historical data and estimated data. While financial accounting reports have to be prepared according to the Generally Accepted Accounting Principles (GAAP), the same does not hold true with managerial accounting reports. (Warren, Reeve, etc., 1987, pp. 2-4) A job opening in the field of financial accounting at the Monster website states that "the Accounting Manager is responsible and accountable for the entire Company's Accounting Department." As such, he/she will manage and provide direction to the accounting department personnel as well as direct and lead all accounting functions to ensure that all accounting, financial and tax information are properly disseminated and reported. The job requirements include a bachelor's degree in Accounting, experience in cost accounting and the preparation of cash flow statements and skills in preparing tax returns and audit revie ws. (Monster 2010) Meanwhile, a job opening in the field of managerial accounting requires a Revenue Accounting Manager who will have the following main duty: "continuously work to understand the various revenue streams to ensure the highest levels of revenue recognition." (Monster 2010) Similarly, the job requirements include a bachelor's degree in Accounting. In contrast to the job opening for a financial accountant, however, this one requires "strong project management and planning skills" and an "analytical mind which is able to process information logically delivering value added analysis." These stuffs are definitely necessary in the domain of managerial accounting. 2. According to history, accounting was first established by Luca Pacioli - an Italian Renaissance mathematician, a close friend and tutor to Leonardo da Vince and a contemporary of Christopher Columbus. Pacioli described in his work entitled "Summa de Arithmetica, Geometria, Proportione et Proportionalite" a syste m that served to make sure that financial information were efficiently kept in accurate records. This basic system eventually became established as the way to note down all transactions of businesses. (Weygandt, Kieso, etc. 2009, pp. 5-6) 3. The following are the liquidity ratios of Microsoft Corporation (MSFT) and Apple Inc. (AAPL) for the year 2010: MSFT AAPL Current Ratio 2.5 1.8 Acid Test Ratio 2.2 1.6 These ratios show that both MSFT and AAPL have sufficient liquid resources to pay up their short-term liabilities. Of the two, MSFT is the company with the higher level of liquidity. The current ratios indicate that their current assets can well be utilized to fully settle their current liabilities. Meanwhile, the acid test ratios indicate that the two companies would be able to fully settle all their short-term liabilities by using only the most liquid of their assets - namely: cash, marketable securities and accounts receivable. 4. The following are the activity measures of Micr osoft Corporation (MSFT) and Apple Inc. (AAPL) for the year 2010: Asset Management Ratios MSFT AAPL Inventory Turnover (# of times) 19.2 63.9 Accounts Receivable Turnover 5.5 16.7 Fixed Assets Turnover 8.8 17.0 Total Assets Turnover 0.8 1.1 The above

Multivariate Data Analysis Assignment Example | Topics and Well Written Essays - 1500 words

Multivariate Data Analysis - Assignment Example These variables need to be specified prior to setting up a structural model. The process through which these latent variables are decided is known as Confirmatory Factor Analysis (CFA). Thus, the measurement model for a CFA also comes in the form of a multivariate regression equation. However, CFA precedes SME since the exogenous variables included in an SME are determined through CFA. CFA and SME together form a measurement model and help in evaluating the underlying relationship between variables, with least measurement errors. An SEM generally consists of a number of multivariate equations which often leads to errors in recording the inputs. Hence the preferred form of input representation in an SEM should be through a covariance matrix with defined row and column names, so as to avoid confusion and errors in providing inputs. Post-estimation, there remains the task of assessing the fitness of the predicted model. Model fit implies the degree to which the estimated model can resemble the observed population model. Hence, the more that the observed covariance matrix corresponds to the estimated one, the better is the model fitness. Generally, model fit could be of two types – goodness of fit and badness of fit; in the former case, the estimated model is considered to be a good representation as the value of the statistic rises in contrast to what the defining factor should be in case of the badness of fit. Examples of the goodness of fit are GFI, CFI, and TLI and those of badness of fit are RMSEA and SRMR. However, there is no benchmark to evaluate the validity of the model based on the value of goodness of fit of the same. The only way-out would be to assess the goodness of fit by figuring out the same via multiple indices.

Ethics and Safety Assignment Example | Topics and Well Written Essays - 750 words

Ethics and Safety - Assignment Example If Garcia takes the Miltech’s case to the union, the management will be liable for negligence and greed. The management would be accused of defiance to guide their subordinate employees when undertaking their duties, providing them with appropriate facilities, and improving the working conditions of their employees. The union will also challenge the management for its poor decision to accept the project beyond its capability and the risking for losing the contract would be high. Furthermore, the management would be challenged for violation of the Miltech’s corporate ethics because of neglecting their leadership qualities and making decision without consulting all the parties involved. On the other hand, If Garcia takes the matter to OSHA; the management team would be in trouble because it will have a case to answer. A legal action would be taken against the management because of risking the lives of their employees to achieve their personal objectives. Secondly, the team would make the company to be charged for its failure to adhere to the health and safety acts set by OSHA. Additionally, the case will damage the reputation of Miltech Company and the chances of retaining the awarded contract and winning similar contracts in the future would be slim. To make the matters worse all the members in support of such kind of a risk against health and safety of their employees would be sacked because they lack the characteristics of good leaders and are guided by greed. Before taking any action, Garcia should talk to the boss about the ongoing the circulating rumors for the newly awarded contract. Then he should act according to the decision made by the boss. If the boss decides to resolve the matter internally, it could be fine because the idea would prevent Miltech from losing its reputation. The management team and Garcia should meet and discuss the way forward in handling the contract and employees too should be represented. At their meeting, the

US health care Essay Example | Topics and Well Written Essays - 750 words

US health care - Essay Example These statistics show that most deaths are related to poor policies in relation to access to health care and quality of health care. Disease like heart disease and cancer can be mitigated and cured if discovered at an early age. The shocking revelation by Dr. Barbara Starfield clearly indicates there is a problem with our medical practitioners. More deaths occur in the hands of medics than in accidents. The figures are alarming and require a policy change. The government is trying to cover the deficit by introducing policies and new strategies like the Obama health care that targets affordable health care for all citizens. The ever-rising medical care insurance premiums contribute immensely to the rising cost of health care. In the year 2013 the inflation rate in United states of America rose by 2%. However healthcare premiums surged by a whopping 8%. The absurd increase in premiums makes the health care cost continue to increase despite incentives by the government to try to cushion its people. The high cost of hospital care also plays a big role. The cost is in terms of wages for the medics, high cost of medical equipment and drugs. The coast of new technology is also high increasing the coast of medical care. In United States of America over 36% of the hospitals, use the robotic surgery, which is quite expensive. The costs of this procedure are passed down to the patient (Kavilanz, 2012). The rising cost of health insurance premiums in the USA has affected many people and even employers. The Uninsured person in USA is due to the hard economic times and growing trend by employers to opt not to insure their workers. The above fact is attributed to the high medical premiums that are increasing each day. The employers opt to employ people on a casual basis to avoid paying their medical premiums (Cutler, 2013). The medical future of the Uninsured person is oblique due to an increase in pay cuts, in the

Entrepreneurial Finance Course Essay Example for Free

Entrepreneurial Finance Course Essay ICampus: download case study + 6 questions (9am to 6pm end) Doyen A015 to A023 : we have the locals: tell him what we want (we have to book the locals) Entrepreneurial finance Different case studies cover the four parts (follow the IPO of Facebook) Project assessment: some toughts on business plan case studies: the knots and cachet tehnologies Introduction All these elements fits together. Business plan has to be written. Not a real predictor for success. People: ask you some questions Deal: as you do for edocs. Introduction Key elements that predict success. * Team : you need good managers Not only a good team but a team that fits with the project * Are you able to defend or create a competitive advantage? Is it special? Are people ready to pay for it? =gt; KEY * You have to know the different steps * How to extract value? You should make money! That’s key. For example: Facebook: out of the market in 5 year? Maybe. Not succeeding on smartphones! Are they ready to make money? Extract money from your customers? * Context * Deals should have the rights incentives. You have to find the right partner who ad value not only funding. * .. People To success you need the right person. For example: cachet technologies: lack of management. Opportunity Market: what is the size of the market? The growth rate? Attractiveness of industry: obvious Customers: Selling price is not a production cost + margin. It’s what your customer is ready to pay. When your able to produce this at a lower cost, you make a margin. What is the cost to acquire a new customer? Important. And how to retain a customer? Difficult or not? Competition: Very good market and customers BUT maybe the competition is very hard. Chance of success will be maybe very low. Pay attention. Graphical tools to understand a business model Sales forecast selling price cost =gt; makes you able to calculate the future cash flow. Usely it is like on the graph. Scenario 1 is what you expect but in real life it’s usely scenario two (more time to make money) or scenario three. When you negotiate you first funding, you know you will need a second round (scenario 2). (Give not to much right in the first round to the funding persons) What’s acceptable? Context * Legality? * Today is not the best market to raise money or to go to an IPO * Today? I believe smartphones is an opportunity. Deals Find the right partner! He may understand what you are doing. Everyone has to understand the terms. * Because you need the right incentives. The two parties have to be comfortable. * .. * .. * The right incentive: the profit of the entrepreneur is in line with the success of the company. He has to share the success of the company. Or to lose all his money in case of not success. * .. Case studies The Knot * We asked us these questions. No one had experience in retail services * Barriers for entry were very low so they need to create a brand. * .. * Internet was a very fast growing market. * 1997: a lot of venture capitalist were very active to spend their money on internet. Today? Two sectors. Biotechnology (here in LLN! ) amp; Green energy? (funding comes more from state etc. ) amp; applications on smart phones. * Basic principle: the source of value is cash flow! What is the capacity of this company to generate cash flow! You cannot value a company when you say we will have 1 million customers. Like Facebook 100 billion Where comes the value from? Not from the cash flow they are making today. They make 1 billion cash flow today You want to pay 100 times this They want to raise 10 billion in their IPO (22-28 â‚ ¬ per share) It could make sense if they will made a cash flow of 15 billion/year. Is Facebook capable? If you want to speculate, cash flow does not matter. But if you want to invest, look at the cash flows. (here, in the course, we think investors) Types of securities: the entrepreneur needs to share to company success. It’s like an option. Preferred convertible. Founder: 100 VC: 100 If lt;100 all the money goes to the VC (they protect themselves) * Or you failed: the VC takes all te money and sell your company Or you succeed and the VC helps you with your IPO. There is not really a situation between the two. Cachet Technologies Main question: do we continue the project? Dilemma: Two options:

Charlotte Haze

Charlotte Haze Literature is not solely a method of entertainment. It is also used to expand a readers mind by allowing them to enter a different world. To do so, a reader will often have to suspend their disbelief. It is very rare that one must question what he/she is reading. Vladimir Nabokovs Lolita is the confession of an erudite European intellectual with an obsessive desire for nymphets-girls between the ages of nine and fourteen who are, as he judges them, sexually aware. In Humbert Humberts confession, he admits to the years of molestation of a young girl referred to as Lolita (Dolores Haze). This confession is written by him while awaiting trial for a seemingly unrelated murder. At the end of the novel, Humbert states that the murder he committed was an act of love and he rationalizes not only his violence but his pedophilia. Although the confession seems free-flowing and a spur of the moment decision on the part of the narrator, how does Nabokov indicate that Humbert Humbert is an unrelia ble narrator through the use of literary devices and linguistic patterns in Lolita? Despite Humbert Humberts horrid crimes, his language and wordplay make for a more pleasant reading experience than one would expect. Through the use of characterization, diction, and comparison and contrast, Nabokov suggests that Humbert is unreliable and knowingly writes a tale that paints himself as a victim of circumstances. Characterization: As Humbert Humbert is the narrator of the novel, he characterizes the individuals in the story. No second opinions are presented; therefore the reader is given a one-dimensional interpretation of each character. There are clues in the novel that suggest Humberts descriptions are biased in his favour, including the rapid changes in the characters personalities and the tone in which they are described. Humberts descriptions of Charlotte Haze, in particular, change significantly as the story progresses. Charlotte, Lolitas mother and Humberts eventual wife in the novel, is a middle-class American housewife who aspires to be sophisticated and cultured. Her relationship with her daughter is strained as she focuses all her attention on accommodating her lodger Humbert Humbert, who finds her intolerable and simply wants access to Lolita (Dolores Haze). During the beginning of the novel and the beginning of their relationship, Humbert refers to Charlotte simply as the Haze woman. His disgust and aggravation is apparent even at the mention of her presence. When first describing Charlotte to the reader, Humbert states: I think I had better describe her right away, to get it over with. She was, obviously, one of those woman whose polished words may reflect a book clubbut never her soul; women who are completely devoid of humour (Nabokov 37). His dislike for Charlotte is made clear from the m oment she is introduced to the reader; however Humbert continues to point out her vulgarity and lack of sophistication. One night, while secretly fondling Lolita on the front porch, Humbert writes: [Lo] fidgeted a good deal so that finally her mother told her sharply to quit it and sent [her] doll flying into the dark (Nabokov 46). Charlottes behaviour seems over-the-top and disdainful. However, it is interesting that whenever Humbert has any inappropriate contact with Lolita, he follows quickly by writing of Charlottes contempt towards her daughter. After his contact with Lolita on the front porch, he quite sarcastically writes the following excerpt: [Lolita] had been spiteful, if you please, at the age of one, when she used to throw her toys out of her crib, so that her poor mother should keep picking them up, the villainous infant. Now, at twelve, she was a regular pest, said Haze. Her grades were poor. Of course, moodiness is a common concomitant of growing up, but Lolita exagerrate[d]. Sullen and evasive. Rude and defiant (Nabokov 46). Although expressing Charlottes frustration with her daughter, the speech is not a direct quote from Charlotte indicating that Humbert is paraphrasing what she has told him. This harsh-toned speech seems to be a convenient ploy on the part of the narrator to distract from the fact that he took advantage of a young girls trust for his own physical gratification. In fact, throughout the novel, Humberts abuse of Lolita is followed by negative dialogues from the other characters. Nabokov seems to suggest that Humberts confession is well thought-out and biased in his favour. It seems the narrator wants to justify his actions. After Lolita tags along to a shopping trip with him and Charlotte, Humbert quotes her mother as saying: It is intolerable that a child should be so ill-manneredwhen she knows she is unwanted (Nabokov 51). While they are driving, Humbert takes advantage of Lolitas proximity to hold, stroke, and squeeze [her] little paw all the way to the store (Nabokov 51). Humbert use s Charlottes contempt towards Lolita to justify his affection towards her. Although this physical contact is outwardly innocent, Humberts intentions are clearly pedophilic. It is by characterizing Charlotte as unmotherly and unkind that Humbert tries to gain the readers sympathy. He portrays himself as a father figure providing a mistreated girl with love. Before her death in the novel, Charlotte is portrayed as a brutal, unloving mother. However, after she is accidently killed, Humbert is free to parent Lolita. After he collects Lolita from the summer camp she was forced to attend, one notices the change in the tone he uses to address Charlotte. Lolita, since returning from camp, has remained troublesome and moody. After Humbert has consummated his relationship with the young girl, they engage on a long road trip including many pit stops and shopping trips. The teenage girl is not particularly enjoying their voyage and is understandably vulgar and upset. Humbert is quoted many times as saying: Charlotte, I begin to understand you! (Nabokov 149). Humbert narrates and characterizes other individuals in a way that will arouse sympathy for himself. Previously, when Humbert would engage in inappropriate contact with Lolita, he would deliberately point out her mothers unaffectionate nature to justify his touching her child. Now that Charlot te, the obstacle, has been overcome and Humbert regularly molests and abuses her daughter, he points out Lolitas insufferable qualities. He now understands Charlotte and points out that she was not as negative a person as she seemed. Humbert does this in order to paint himself as a tired father putting up with his difficult daughters every whim. Humberts descriptions of Lolita also change, removing the characters likeability as the story progresses. At the beginning of the novel, Lolita is described as closely resembling Annabel, Humberts childhood love. Humbert explains that he is instantly captivated by her beauty: When I passed her in my adult disguise, the vacuum of my soul managed to suck in every detail of her bright beauty (Nabokov 39). Although Lolita is a mediocre American child, vulgar and even less polished than her mother, Humbert seems to view the girl through rose-coloured glasses. To him, she is not vulgar, but charming, not aggressive, but misunderstood by her wretched mother. Although Humbert does not appreciate Lolitas idolization of American pop culture, nothing much else is said with regards to her intellect. Interesting to note is Lolitas minimal dialogue in this part of the novel. She does not say much, except for her frequent arguments with Charlotte. In these arguments, Lolita is not portrayed as a de licate child, but rather a strong-willed, aggressive girl. I think you stink and this is a free country are some of the arguments made to her mother during their verbal fights (Nabokov 46). During one particular fight, Humbert writes: Later, I heard a great banging of doors and other sounds coming from quaking caverns where the two rivals were having a ripping row (Nabokov 48). Writing this, Humbert indicates that Lolita is able to hold her own against her mother. She is not the type to be trampled over or forced to do anything. By including dialogues and descriptions such as these, Humbert suggests that Lolita is a strong child who gets what she wants. In addition to describing her bad-temper, the physical contact between Humbert and Lolita is always said to be instigated by the girl. Humbert narrates: Presently an old gray tennis ball bounced over [Charlotte], and Los voice came from the house haughtily: Pardonnez, Mother. I was not aiming at you. Of course not, my hot downy darling (Nabokov 55). What to an average person would seem like a playful act derived from boredom, Humbert tries to illustrate as an act of seduction. Humbert portrays Lolita as a willing participant in his games, as shown in the following excerpt: Humbert Humbert intercepted [her] apple. In a sham effort to retrieve it, [Lo] was all over me. Every movement she made, every shuffle and ripple, helped me to conceal and to improve the secret system of tactile correspondence between beast and beauty-between my gagged, bursting beast and the beauty of her dimpled body in its innocent cotton frock (Nabokov 58-59). Although Humbert sits there almost inert during thi s encounter, and although Lolita comes to him, he instigates the situation by innocently taking her fruit from her. After her stay at a summer camp, Lolitas sexuality has changed drastically as the reader learns she has had her first sexual encounter. In this part of the novel, through direct quotes, Lolita is characterized differently. She is very teasing of Humbert: I did not [miss you]. Fact Ive been revoltingly unfaithful to you, but it does not matter one bit, because youve stopped caring for me anywayyou havent kissed me yet, have you? (Nabokov 112). Humbert then narrates: Lolita positively flowed into my arms (Nabokov 113). This is the first serious encounter the two characters have: a kiss Humbert narrates as having been Lolitas idea. Although Humbert describes the confidence with which Lolita engages in this behaviour, he also reveals that it was but an innocent game on her part, an imitation of fake romance. Having already lost her virginity to a young man at camp, Lolita initiates sexual intercourse with Humbert during their stay at a hotel. However, more than a romantic partner, Nabokov illustrates Lolita as a young girl in search of affection of any kind. Charlotte, not fitting the maternal archetype whatsoever, was jealous of the relationship between Humbert and Lolita. Having not yet learned that her mother is dead, and believing Humbert and Charlotte are still married, Lolitas contact and conversation with Humbert resembles a bitter act of rebellion against her mother who forced her to attend camp (an experience she describes as dirty and naughty despite her cool demeanor). Having sex with Humbert seems like more of a game to Lolita as she does not understand the severity of her actions. However, it is a way of betraying her mother, just as Charlotte betrayed her by sending her to camp. When Humbert reveals in a most insensitive way that Charlotte is dead, Lolita is truly heartbrok en. Humbert writes: At the hotel, we had separate rooms, but in the middle of the night she came sobbing into mine, and we made it up very gently (Nabokov 142). The quotation suggests that the two engaged in sexual relations once again, and although Humbert does not specify why Lolita was crying, it was most certainly due to the death of her mother and not the mild argument she had with him. The statement illustrates a young girl with no one to turn to except for the adult who victimizes her. Having lost her mother, her only remaining parent, Lolita turns to Humbert-her technical father. He uses her need for affection to gain control of the situation for his own physical gratification. Despite frequent dialogues and descriptions in which Lolita is shown to be unhappy and vulnerable, Humbert adds his own biased interpretations of Lolitas behaviour. She is characterized as a manipulative, able girl. If she is not bought certain things, if she is not allowed to go to certain places, Lolita withholds sex from Humbert. This is an unfavourable depiction of the young girl as her body is the only power she possesses. She has no money, and without Humbert, she cannot survive. In order to put herself in a position of power and achieve some sort of reward for her suffering, Lolita uses her sexuality-something Humbert describes as cruel, manipulative promiscuity. Killing Clare Quilty, the man with whom Lolita runs away, Humbert describes as an act of love for having forced Lolita into poverty. His possessiveness in this part of the novel indicates that he is defending his honour rather than hers. Humbert writes his confession in order to convince the reader that though he is g uilty, he was controlled by a force greater than himself. Through his dynamic characterization of the other characters, Humbert inadvertently reveals he is only interested in telling the story from a viewpoint that will allow the reader to sympathize with him. Diction: In addition to character development in Lolita, diction is also suggestive of Humberts unreliable narration. Throughout the novel, the reader is entranced by Humberts fancy prose style. It is the language used that makes the grotesque themes in the novel bearable. However, many recurring words and linguistic patterns used by Humbert betray the persona he wants to create. Although Humbert wants his confession to seem unbiased and unplanned, the first paragraphs of the novel indicate that his confession is directed to a particular audience-[the] ladies and gentlemen of the jury (Nabokov 9). He, himself, titles his work Lolita, as it is essentially the story of the young girl. However, the foreword written by the fictional Dr. John Ray titles it The Confession of a White Widowed Male. It is interesting that it is always during the most grotesque scenes in the novel that Humbert directly acknowledges the presence of the reader. When pondering whether or not to kill Charlotte, Humbert directly engages the reader(s): And, folks, I just couldnt! In silence I turned shorewardand still I could not make myself drown the poor, slippery, big-bodied creature (Nabokov 87). At times during the confession, Humberts writing becomes almost self-reflective-it seems he gets lost in his past experiences. Nonetheless, in the moments where his morals come into question and where his behaviour becomes criminal, he speaks directly to the reader. Humbert almost acts as his own lawyer, and in an eloquent persuasive tone, tries to sway the reader in his favour. Humbert also uses wordplay to foreshadow Clare Quiltys involvement and significance to the story. In the beginning of the novel, Humbert reads a review. Clare Quiltys name appears, alongside others, and plays are listed including The Little Nymph and Fatherly Love. Humbert says that Lolita could have appeared in a play called The Murdered Playwright, alluding to playwright Clare Quiltys murder. Quiltys presence is always felt in Lolita even before his character is introduced. This leads the reader to believe that Humberts narrative is not free-flowing, but rather serves a direct purpose: to gain sympathy from the reader for the murder he committed. In addition to the change in audience, the connotation and tone of the words used change depending on the situation. Besides Humberts descriptions of nymphets, every other character and experience in his confession is described with cynicism and irritation. Nymphets are introduced as fantastical beings: Nine and fourteen [are] the boundaries-the mirrory beaches and rosy rocks-of an enchanted island haunted by those nymphetsand surrounded by a vast, misty sea (Nabokov 16). This description seems out-of-character for Humbert, who otherwise presents himself to be (within reason) rational. Humbert also states that not all girls in this age range are nymphets. It is the slightly feline outline of a cheekbone, the slenderness of a downy limb [which identify] the little deadly demon offantastic power (Nabokov 17). Humbert chooses to coin the term nymphet instead of using the accepted term of underage girl. By stating that he is not attracted to all young girls, Humbert tries to separate him self from regular pedophiles. The magical tone that surrounds these descriptions makes it seem as though Humbert is not in self-control and submits to the powers of these mystical demons who drive him to abnormality. It is interesting to note that Humbert is very scientific and technical in other parts of the book using jargon such as pederosis and pseudolibidoes. The two different methods of speaking represent Humberts ability to change according to circumstance. While trying to explain his helplessness in the presence of Lolita (and other nymphets), Humbert betrays himself through his word choice. Although eloquent, his possessiveness jumps off the page. Whenever speaking of Lolita, seemingly arbitrary descriptions include possessive pronouns. This is demonstrated numerous times in the novel: How smugly would I marvel that she was mine, mine, mine (Nabokov 161). Constantly referring to the girl as my child, my Lo, my pet, Nabokov italicizes the pronouns to place emphasis on Humberts possessiveness. Furthermore, it is interesting to look at the sentence structure. Whenever events take place involving other people, Humbert makes sure to unite Lolita and himself: Last night, we sat on the piazza, the Haze woman, Lolita and I. Even when writing, Humbert must remain close to Lolita, using punctuation to separate Charlotte from the two of them. Humbert tries to label Lolita as the seducer and instigator of their physical relationship: She played with and kept sticking to my lap (Nabokov 45). Descriptions of such scenes are never explicit, but when movements are described, they are always those of Lolita. Humbert leads the reader to believe he is just a pawn in Lolitas game. In another section of the story, he writes that [Lolita] struck Humbert, quite painfully (Nabokov 65). This is yet another example of Humbert purposefully showcasing Lolitas strength and willpower. Surprisingly, he refers to himself in the third person-something he does often when he bribes/seduces Lolita. It is unavoidable for Humbert to implicate himself in the novel, but when he narrates the more disturbing things he does, he never personalizes it, using Humbert instead of I or me. By doing so, Humbert defeats the purpose of a confession, not really acknowledging it was him who did anything wrong. Although Lolita is shown to sometimes be an hasty child, the words used to describe her when shes around Humbert always paint her as bold and aggressive. She is said to make Humbert nervous. When Lolita reproaches him for his lack of kissing skill, Humbert tells her to show [him] wight ray (Nabokov 120). It seems out-of-character for the eloquent Humbert to be so inarticulate. However, through the use of diction and punctuation, Nabokov suggests that Humbert does not directly quote characters in the novel. In one part of the novel, Humbert writes: Look, we need to go, said Lolitaor something along that line (Nabokov 76). Even though Lolita is clearly quoted, Humbert cannot be sure. This allows the reader to create distrust in Humbert, as he clearly changes dialogue. Many of the letters and conversations Humbert includes in the confession, he admits are paraphrased. Therefore, it is quite difficult to completely trust Humberts story as some of his bias has inevitably seeped through. Also interesting are the nicknames given by Humbert to other characters. Charlotte is also known as the Haze woman, cold big Haze and Lady Hum. Humbert reveals his own mercurial nature by changing the connotation of the nicknames depending on his mood. The fact that his opinions of other characters change so rapidly and so often indicate that Humbert is using them to better his image in the eyes of the reader. There are instances where Humbert seems disgusted with himself, describing his attraction to nymphets as a monstrous love(Nabokov 83). Immediately after he reproaches himself, Humbert goes on to support pedophilia: We are not sex fiends! We are unhappy, mild, dog-eyed gentlemen sufficiently well-integrated to control our urge in the presence of adults, but ready to give yearsof life for one chance to touch a nymphet. Emphatically, no killers are we (Nabokov 88). Humbert never apologizes for his behaviour, admitting it is only society that makes him feel deviant. Contrast Comparison: Nabokov uses contrast and comparison in Lolita to indicate Humbert Humberts biased narration. Humbert often defends his pedophilia-reprimanding societys hypocrisy. He compares his relationship with Lolita to many historical couples: American president Abraham Lincoln and his younger wife, Italian scholar Petrarch and 12 year-old Laureen, and poet Dante Alighieri and his 9 year-old companion. Humbert mentions these relationships as if to validate his relationship with Lolita. These men, whose women were often their muse, served great purpose to society. Humbert questions the confines the law puts on his people (pedophiles), as these men of great status improved the world while sharing his love of nymphets. It is important to note Humbert does not dwell on the age of these men or the time period they lived in (hundreds of years ago). In addition to this, Humbert makes a direct comparison between Annabel, his childhood love, and Lolita. Dolores Haze takes on multiple names: Lo, Lola, Dolly, Hot Little Haze, and Lolita. Humbert states that: in [his] arms, she was always Lolita (Nabokov 9). Later on in the novel, one discovers that Lolita is derived from combining Annabels name with the name Dolores. Annabel Lee and Dolores produce Lo-lee-ta. Although Humbert ridicules psychiatrists, he drops many clues (including this wordplay) that suggest that Annabels early death is the reason for his attraction to underage girls. A love taken from him during a fragile age leading to sickness-this image, he hopes, will arouse the readers sympathy. In the novel, Humberts love scenes with Annabel are somewhat explicit; they use many metaphors and symbols: I was ready to offer her everything, my heart, my throat, my entrails, I gave her to hold in her awkward fist the scepter of my passion (Nabokov 15). As he and Annabel are of the same age, Humbert can be more direct with the reader in these scenes. Conversely, Lolitas sexual scenes with Humbert are quick and do not describe any physical interaction. One assumes that Humbert does this to avoid arousing disgust in the reader. This indicates that Humbert formulates his story in a way that keeps the reader on his side. Throughout Lolita, comparisons are made between older women and girls Humbert deems to be nymphets. Older women, no matter their role in Humberts life, are always unattractive, cruel and unintelligent. Valeria, Humberts first wife, is described as fat, dumb and completely inept. Charlotte Haze is also fat, disgusting and irritating. Young girls are always painted as desirable. The most beautiful language is used to convince the reader of the power of these nymphets. They are seductive, physically-tone, and delicate (Nabokov 17). Humbert tries to illustrate older women as revolting, so the reader will be able to empathize with his lifestyle. Younger boys, however, are never described in the same light as young girls. They are dirty, repulsive, and dangerous. Any boy Lolita speaks to, any waiter who comes into contact with her is described negatively. Humbert portrays himself as Lolitas protector, unwilling to let her be tarnished by these lowly creatures. This is how he sees Clare Quilty. He is the man who kidnaps his daughter and then abandons her. Before Humbert discovers that Quilty is the man Lolita runs away with, Humbert sets out on a mission to trace the fugitiveà ¢Ã¢â€š ¬Ã‚ ¦to destroy [his] brother (Nabokov 247). In the final scenes where Humbert and Quilty are fighting, Humbert narrates: I rolled over him. We rolled over me. They rolled over him. We rolled over us (Nabokov 299). This is the only time in the novel when Humbert (indirectly) acknowledges his mistakes. Referring to Quilty as his brother, Humbert illustrates that they are one in the same. They both helped in destroying a young girl. This is the only moment of remorse shown in the novel, as Humbert quickly reverts back to condemning Quilty. Conclusion: Although readers often expect the narrator of a novel to be completely truthful, it is important to question the reliability of the narrator. In Lolita, Nabokov indicates that narrator Humbert Humbert has his own personal agenda and tells the story in a very biased way through the use of characterization, diction, and comparison and contrast. Why then is this novel so compelling to read? Why does the reader insist on being lectured by the corrupt Humbert and feeding into his lies? Although the narrator is biased in his assertions, Nabokov makes sure to include several clues to help the reader discover Humberts deception. Lolita is not simply escape literature, as it requires the reader to actively think about the story being told. By placing trust in the reader and stimulating their intelligence, Nabokov has created one of the literary masterpieces of all time.

The Old South and John Crowe Ransom :: John Crowe Ransom Writers Poems Essays

The Old South and John Crowe Ransom Most remember it as a time of dashing young heroes on horseback, fair damsels in distress, and majestic castles hidden from the vulgarity of daily life by the cool shade of fragrant magnolia and honeysuckle. It was a time and place so far removed from today’s fast moving, billboard covered world that one could easily imagine that this lost civilization existed on some far off continent, or perhaps not at all. However, the fact remains that once upon a time the old South did exist, and there are many people still who feel that the loss of this culture and its ideals is nothing short of a tragedy. One such individual was John Crowe Ransom, a man whose life was tempered with his intense yearning for the tradition and stability that the old South embodied, and that has been lost forever amid the skyscrapers and factories that have replaced the cotton fields and plantation homes of long ago. The power that the old South held for Ransom drove his works, as can be evidenced in his poem, â€Å"Old Mansion,† which describes his ultimately futile attempts to return to the old traditions. The common thread unifying Ransom’s work is that of longing for the stability and tradition that the old South embodies. As in his essays, this poem explores the possibilities of what unlocking the secrets of this lost era might entail, and what benefits could be reaped in today’s society from such an undertaking. In this poem, Ransom fails; however, the poem remains an important step in his journey to seek out the old traditions and integrate them into a modern framework. To begin this journey, Ransom introduces the â€Å"old mansion† as a concrete concept to represent the traditional values and lifestyles sought. Every bit of the structure, from its ivied columns, crumbling graveyard, and ultimately, its inhabitants themselves, serve as parables for Ransom’s search. The language in the opening stanzas clearly demonstrates the reverence and personal affinity Ransom feels for the plantation home, i.e. the old South. Yet despite the fact that he wants nothing more than to return to this way of life, he still refers to himself as an â€Å"intruder† (ln 1) into this world that he cherishes so highly. Clearly, despite Ransom’s desire for a return to these simpler times, he maintains a feeling of respect for the past itself, and is not attempting to relive it. He is an intruder in this past, yet he wants desperately to understand its meaning, rather than just appreciate its beauty.

Gummo - Movie Critique :: essays research papers

The film Gummo is intended to be a symbolic movie in which fantasy and reality intertwine. Initially, the film opens in a small town in Ohio after a tornado has swept through and destroyed it. Economically the small region is wrecked. Like the buildings around them, the social fabric that is holding the town together is coming apart at the seams. Whatever traditions and values this town has held in the past seem to no longer exist as the line between the sacred and the profane has been obscured beyond recognition. While it is difficult to know outright the attitudes and convictions of any social group, based on what the film shows there is little, if any, social solidarity in this environment. The foundation for this statement can be seen in the lack of any authoritative figures in the film. The town is seemingly void of any structure, law, or government, and the actions of its’ residents seem to reflect this. Individualism seems to reign supreme in this community, if it can b e called that. Admittedly social bonds such as friends and family still exist, but as a whole individual pursuits and interests still override any pretense of collective purpose. This fact, however, doesn’t truly deviate at all from what is considered normal, true it does take on a much uglier face in Gummo, but individual goals and pursuits are commonplace practically anywhere in the United States and around the globe. On the other hand, it must be realized that in most instances natural disasters do have a history of bringing communities together in times of hardship, something that is not at all seen in the film. In short, the social order, much like the town itself, is in shambles, with little or no social solidarity. Gummo is meant to be entirely symbolic in one way or another. One of the more notable symbolisms is that of cats and their murder. The function of their deaths is rather straightforward: in a town such as this, there appears to be very little to do. In fact one thing that is never seen in Gummo is the playing of any kind of sport or recreational activity. It appears as though the teenagers are suffering from extreme cases of boredom and, because of the demand at the butcher shop, they can be paid and entertained through the murdering of these animals.

Coding for Congestive Heart Failure (CHF) Essay -- Coding Heart Failur

Congestive Heart Failure (CHF) is defined as a clinical syndrome in which the heart fails to propel blood forward normally, resulting in congestion in the pulmonary and/or systemic circulation and diminished blood flow to the tissues due to reduced cardiac output. (Berkow, M.D.) The result is that the heart does not pump enough blood to meet the body’s needs. CHF can be caused by a variety of conditions that affect the heart such as: diseases or substances that weaken the heart muscle such as heart attacks, infections, or toxins; diseases that cause stiffening of the heart muscle such as hemochromatosis, amyloidosis, coronary artery disease, and long term hypertension; and diseases that increase the oxygen demand by the body tissue beyond the capability of the heart to deliver oxygen-rich blood as in hyperthyroidism or anemia. (Kulick, M.D., and Shiel Jr., M.D.) CHF can affect many different organs including the heart, lungs, liver, intestines, and subcutaneous tissues. Sy mptoms of CHF are widely varied but may include fatigue, edema especially of the ankles and legs, shortness of breath with minimal exertion, and inability to lay flat due to reduced respiratory capacity. Increased urination may occur, especially at night, and due to accumulations of fluid in the liver and intestines nausea, abdominal pain and decreased appetite may result. (Kulick, M.D., and Shiel Jr., M.D.) Although CHF is an equal opportunity disease, there are some differences noted between men and women, one of which is that women tend to develop CHF later in life than men. Women more frequently develop diastolic heart failure rather than systolic. Women often suffer more noticeable shortness of breath and swelling of the ankles than do men, and in g... ...eases- Clinical Modification. 9th Rev., 6th Ed. 1. USA: Ingenix, 2010. Print. Ingenix, Inc., Staff. "Challenges for Coding Heart Failure." Advance for Health Information Professionals. 22 May 2007: n. page. Web. 20 Nov. 2011. Kulick, M.D., F.A.C.C., F.S.C.A.I., D.L., and W.C. Shiel Jr., M.D., F.A.C.P., F.A.C.R., eds. MedicineNet.com. N.p., n.d. Web. 20 Nov 2011. . Starling, M.D., Randall C. The Cleveland Clinic Guide to Heart Failure. New York, NY: Kaplan, 2009. Print. unknown, . "Need to query for acute CHF lessened, thanks to new Coding Clinic." HC Pro. N.p., 30 Oct 2008. Web. 20 Nov 2011. .

Mobile telecommunication

Mobile phones are now seen as necessities rather than luxuries and market penetration (the percentage of the population owning mobile phones) Is very high and growing. A recent report put market penetration In the western E as a whole at 90 per cent In 2004 and predicted that this will rise to 100 per cent by 2007. In some European countries (including the ELK) penetration is in excess of 100 per cent as individuals have more than one mobile phone.This high level of market penetration in the developed world does not mean that the racket is saturated as the advent of 36 technology has opened up the market and will lead to people trading up to more expensive phones. In addition there is an explosion of demand In the developing world. Current competition It Is necessary to look at two aspects of the market as they are Inextricably linked together – the market for mobile handsets and the market for network operators. In both cases the market is oligopolies, as Tables 13. 13 and 13 . 4 show. The market leader for handsets is Monika. However, its position is under threat -its market share in the UK in 2002 was 52 per cent. Ionians main problem was the failure to recognize and meet the increased demand for camera flip-phones. It responded to this criticism by launching a new range of seven handsets in April 2005. The percentages shares of the other manufacturers remained fairly constant between 2002 and 2004, although LOG is a new entrant and the ‘others' group increased Its market share from 10 per cent to 18 per cent.The market for mobile phone handsets in the UK Manufacturer Monika Siemens Sony Ericson Samsung Motorola Others % share of the I-J market, 2004 36 10 18 Table 13. 3 The market for network operators in the UK Network Avoidance Orange 02 T-Mobile Virgin Mobile 3 Tests % share of the UK market, 2004 25 17 01 source: Minute, 2004 There are three large providers of mobile networks in the I-J, with very little between them in terms of market share . In 2002 Orange was the market leader with 27 per cent of the market while Avoidance accounted for 26 per cent of the market; 3 and Tests are new entrants to the market.The market for pay-as-you-go mobile phones is approximately twice the size of the contract market. Power of buyers Mobile phones are mainly for personal use (by 65. 2 per cent of adults) rather than business use (4. 8 per cent of adults). Statistically, the user of a mobile phone is most likely to be single, young and female. Figure 13. 3 shows the ownership of mobile phones in the I-J by age. Ownership is lowest in the 55 years and over age group and the handset manufacturers and network operators recognize this. 2 is working with Saga (the insurance group for the over ass) to launch a deal for the over-ass and Avoidance launched a new handset called Simply in May 2005 which is aimed at the older racket – it has an easy-to-read screen and larger buttons and does not carry many of the more complex features. F igure 13. 3 Source: Keynote, 2005 Although buyers cannot exert a great deal of market power, the high level of competition and easy availability of information on handset prices and network operators means that it is easy to shop around for the best deal.Threat of new entry The barriers to entry in this industry were very high and included access to networks, the cost of license purchase and the cost of brand building. In recent years these barriers have fallen dramatically. The advent of virtual networks has reduced the necessity for access to a network. Virgin is a mobile virtual network operator (NOVO) as it buys spare capacity from T-Mobile and sells it on to consumers. Tests and 02 have a similar relationship.At one time the handset manufacturers also had to manufacture the base stations (used to provide mobile phone coverage) which were very expensive to produce. This was a very effective cost barrier to entry for smaller handset producers. This is no longer necessary as radio chips and other software can increasingly be bought ‘off the shelf. Manufacture of handsets is being subcontracted by some of the larger handset manufacturers and these subcontractors themselves are starting to sell handsets under their own name.Been is an example of such a company. If this starts to happen on a large scale, there will be a threat to the position and market share of the incumbent market leaders. In Table 13. 13 the category of ‘others' grew from 10 per cent in 2002 to the 18 per cent shown in the table for 2004. A further threat to the position of handset manufacturers is the manufacture of handsets by the mobile operators themselves – Orange, for example, sells own brand handsets. This has the effect of tying the handset user into the operating network.In the ELK, there is evidence that there is room for new entrants – Sends for example, claims a 5 per cent market share in the I-J in 2005. Sends was founded in the UK in 1999 and initially supplied handsets to the network operators. It now supplies handsets under its own name through Internet sales and also through the giant retail supermarket Tests. Another barrier to entry which has fallen in recent years is the ‘switching cost' uncured by users when they change between networks.Although users of pay-as you- go still have to pay a fee for ‘unlocking the phone which can amount to as much as EYE. O, operators will provide handsets free to customers who take out a contract for 12 months. In addition, a major obstacle to changing networks – having to change your telephone number – now no longer exists. Although there are no obvious substitutes for the mobile phone, there a number of developments in this area. The advent of 36 technology which was launched in 2004 mainly for business customers will be extended to personal users by the end of 2005.This will offer better features like AD effects and faster access to the Internet and games. New pr oducts will offer the ability to watch films and sporting events as they happen. BIT has developed a hybrid phone – called BIT Fusion – which was launched in June 2005. Fusion operates as a mobile phone when outside the home but switches to the cheaper broadband line when the phone is inside the home. This reduces the cost of usage. Mobile email is seen as a growth area as Microsoft launched a new version of theWindows operating system designed specifically for mobile phones in May 2005. This is mainly used by business but could easily be extended into personal use. Power of suppliers The large manufacturers now subcontract much of their manufacturing to smaller subcontractors like Sends (mentioned above). On the one hand, this gives them increased flexibility in production but, on the other, it allows the subcontractors to enter the market and eventually to compete in their own right – what is there to stop the operators bypassing the handset manufacturers comp letely?It is likely that this development will change the power relations between the handset manufacturers and their suppliers and could possibly result in co-production and co-marketing of the handsets in the longer term. In the race for market share, manufacturers and operators have to offer maximum quality and range of services. The content becomes crucial. The exploitation of the G market requires the best range of content and handset manufacturers are negotiating deals with content suppliers; Avoidance has teamed up with Disney and Sony to provide content for their phones.These large organizations will undoubtedly have some degree of market power over the handset manufacturers simply because of their size and already established market power. From this analysis it can be seen that, although this market is one with very high market penetration, it is not a saturated market. There is scope for new entry to the market and for the development of new products and new markets. The m arket conditions which gave rise to domination by the large vertically integrated giants like Monika and Motorola have largely disappeared and smaller manufacturers are entering the market.

The First World Problems

America worries about problems that people in other countries would never get to dream of or even get to talk about in their lifetimes. America’s â€Å"first world problems† are things that usually are taken for granted. For example, the next updated electronic coming out or out and pair of tennis shoes put out on display at the stores. As Americans know that those items are all good to them, they don’t understand how a person from the eastern hemisphere struggling in a sweatshop for low pay deals with trying to get through to the day.In Where Sweatshops Are A Dream by Nickolas Kristof from the New York times, he agrees that sweatshops are bad yet proclaims that they are needed. His argument seems to kind of contradict each other. He emphasizes by exclaiming that poorer countries that do not have sweatshops have it worse because they have no work at all. As if he is trying to prove that some work is better than no work. He supports his argument by talking about h ow countries without the shops forced to plumage through garbage have it worse because they are more prone to injury and disease.Yet, he doesn’t inform readers about the situations in the actual sweatshops themselves. He doesn’t note that people in sweatshops are treated horribly every day. Sweatshop workers deal with getting lied to about pays, hours, beaten to severe injuries and even death. Kristof implies that having work is better than none and people in shops are better than in the streets. He may think they have things a little easier but it doesn’t mean that sweatshops are worth the effort and putting up more will change anything. If anything, it would increase the competiveness market, hence losing more jobs and other out in to the streets.