Death Sentence or Capital Punishment Essay Example | Topics and Well Written Essays - 750 words

Death Sentence or Capital Punishment - Essay Example After watching the film, Dead Man Walking and reading some of Sister Helen Prejean, I believe that the mode of punishment is equally inhumane and has no place in the modern society as the discussion below portrays. The film introduces Mathew Poncelet, who has been in prison for six years as he awaits execution by lethal injection for killing a couple. His life and experiences while on death row coupled with the actual execution portray the inhumane nature of the crime. Firstly, capital punishment is a form of retribution. Killing Poncelet for killing the couple is a form of vengeance engineered by the state. The process devalues human life and may not always have any moral benefits to the society. People do not learn that killing is a vice since the state kills such offenders. Instead, the punishment shows the state using its laws to carry out an execution of its citizens. Furthermore, vengeance does not always gratify the families of the victims who continue living with the loss. Ad ditionally, the process is traumatizing. Just as shown in the film, the process of killing a convict is slow and tedious. The convicts stay on death row for years as they await their execution. Mathew Poncelet in the film stays in prison for six years as he awaits the process. The courts in the United States simply sentence a convict to death but never specify the date of the actual execution. Such court rulings are the height of torture and inhumane treatment of the convicts. Poncelet, for example, lives every day anticipating the execution. Six years is always a sufficient punishment for some other crimes in the country. As such, the process is like double punishment since the convicts live in solitary for long. Within the period, some lose their sanity as they anticipate the penalty. Death penalty prolongs the agony of both the victims’ families and that of the convict. Victims deserve effective and equally timely justice.

The Natural Born Citizen Essay Example for Free

The Natural Born Citizen Essay The President of the United States of America is the most powerful man in the world. The decisions that he makes and the policies that he enforce are things that have direct or indirect effects not only on the U. S citizenry but also on people living in other countries. This fact makes it imperative that a man or a woman who is going to assume the office as the President of the United States must have full control of his mental, physical, and emotional faculties when he takes over this important position. This is the primary reason why individuals who intend to hold office as president of the United States should be a â€Å"Natural Born† citizen. The wording â€Å"Natural born† means that the candidate should have been born into this world via natural birthing methods. THE NATURAL BORN CITIZEN THE FACTS ABOUT NATURAL BIRTHING Being born via a Natural birthing method ensures that the child has a huge probability of having full control over his Mental, physical and emotional faculties in comparison to those born via unnatural birthing methods (Caesarian method). Being born via Caesarian method has the following adverse effects namely: (a) The change that may take place on a child’s brain because of the chemical effects of anaesthetic drugs like morphine and lidocaine. These are drugs that are administered on laboring mothers to counter the immense pains associated to childbirth. Effects may include but would not be limited to cognitive and behavioral problems like long term Brain damage, ADHD and Autism (Stacey 2008). (b) Psycho social problems have a higher risk of occurrence on Caesarian born children than those who were born via natural means. According to Dr. Stanislov Grof, caesarian-born children often displays particular attitudes and personality traits like low self esteem, and difficulty in completing a task. CONCLUSION There is no question that the Position as Chief Executive of a country is a very demanding position that entails commitment and sound mental faculties. A person who is bound to get this office should have mental, physical and emotional resources that he could call upon to serve his country especially in troubled times. Caesarian born individuals are not fit to hold this office because there is a huge possibility that they are not intrinsically, physically and mentally fit enough to assume their duties as the president of the most powerful country in the World. This office demands that the person who holds office should have a nearly perfect if not fully unblemished mental and physical faculties. The THE NATURAL BORN CITIZEN position is not created by the constitution to be a testing laboratory for a potentially unfit individual. This position is not for the feeble minded, and the weak of heart. Any possibility of handing this position over to an individual who may be emotionally and mentally unstable is an unjustifiable risk that the most prominent country in the world cannot take. Such an undertaking is untenable and prejudicial to the best interest of the United States of America and her citizenry. The individual that should lead this great nation should have a sound body and mind at his disposal to best serve his country and his fellowmen. Anything less is a travesty to Democracy and Good Governance. References: Common Drugs Used During Labor and Their Side Effects. Retrieved May 22, 2010, from World wide web: http://natural-childbirth. net/tag/effects-of-drugs-on-baby/ Emerson, W. (1993). Treating birth trauma during infancy: Dynamic outcomes. CA: Emerson Training Seminars. Emerson, W. (1996). Treating birth trauma during infancy: Cord trauma. [Video-tape]. CA: Emerson Training Seminars English, J. (1985). Different doorway. Adventures of a cesarean born. CA: Earth Heart Press. Grof, S. (1998). Realms of the human unconscious. New York: Viking Press.

Women in the Workplace Essay -- Female Workforce Job Essays

In many cultures throughout the world women are patronized and viewed as the weaker sex. Women are commonly perceived as being unfit for any forms of higher education and because of societal pressure and expectations retreat to a life of raising children and cooking meals for their husbands. Our society’s stereotypical views about women’s suffrage, educational expectations and athletic abilities have all advanced over the years. In many aspects of our society, women are now expected to compete with their male counterparts. Currently, it is not uncommon to hear of a women CEO or Vice President in businesses or even a women politician. Women have now emerged from laundry rooms and kitchens across the country and changed the demographics of the American workforce. However women are yet to take the medical workplace by storm and redefine the preconceived notions society upholds about leaders in medical professions. To illustrate this idea I conducted an ethnographic study of a local dental office that I am employed at. I believe that the medical field has hardly been affected by the advances in women’s rights and is a common ground for the influences of gender stereotypes that have been outdated for many years in American culture. Going to the doctor can be a frightening experience for many people. Choosing a doctor is a difficult process that can result in a poor experience at the appointment or worse in some cases. First impressions play a large role in a patients response to the practice overall. â€Å"Great Smiles† focuses on this concept and shapes their office procedures to make all first visits a positive experience. This office is located on a busy main road in an upper class suburban area of Michigan. The buildin... ...orld and are no longer seen as the â€Å"weaker sex†. The inclining percent of women becoming doctors could be a large movement to a completely blended population of doctors to chose from. Women are learning that to avoid the control men can enforce on women in the medical workplace they need to strive for success in their profession. Many women may be happy assisting a male doctor but the growing number of female doctors illustrates the point that women want the power and control that their male counterparts currently maintain. Works Cited Jennifer. â€Å"Gender Relations and Alcohol: An Examination of The Cocktail Waitress: Women’s work in a Man’s World.†. December 9th, 2001. www.geocities.com/wellesley/6265/papers/gender/cocktailwaitress.html

High School vs. University

Every September, high school graduates must prepare for the drastic transformation from high school to university. High school is a teaching environment which a student acquires facts and skills. University is a learning environment in which a student must take responsibility for thinking and applying what you have learned. This step in life students will either adjust to or struggle with. High school students are told university life is exciting, unpredictable, and entertaining.Also, students are informed university life is costly, demanding, and stressful. In order to adapt to the transition, students must understand and recognize the different teaching styles, testing, and grading. Teaching styles change as class sizes vary. Teachers in High school cover course material in depth and over a long period of time. Professors cover textbook material quickly. High school teachers check homework, remind students of incomplete work, and approach students if assistance is needed.Professors do not check completed homework and will assume students can complete the same tasks on tests. It is left up to the student to communicate with their professors in order to receive extensions ensuring the student will not be penalized. Professors do not approach students or notice students who are struggling. Therefore, students may approach professor in given office hours for one-on-one help. Finally, in university due to large class sizes and minimal lecture time keeping up with assignments and readings is critical.Cramming the night before a test and receiving a good grade is more likely to occur in high school, where testing in subjects is very frequent. Preparation for testing becomes more crucial in university because tests are infrequent, covering large amounts of material. Also, students in high school may be awarded a make up test normally without an explanation. Whereas in university, in order to receive a make up test a reasonable explanation must be given.Review classes are given in high school to help prepare students and give them a clear idea of the material that will be tested. Rarely, are review sessions provided for university students, if they are, professors expect participation from students who attend. Success on tests can be mastered by applying acquired knowledge to new situations or to solve new problems. The grading system becomes very important as students enter university. High school students are used to courses that are usually structured to a â€Å"good-faith effort†.In high school grades are given for most assignments. Students are also given grades for consistently good homework, which may help boost marks when test grades are low. Students who may not have a good overall mark occasionally have the opportunity to complete extra credit projects. Comparing this to university grades on tests and major papers usually provide most of the course grade. Extra credit projects are not normally allowed to raise a grade in a unive rsity course.Therefore, the â€Å"good-faith effort† is important in regard to the professor’s willingness to help students achieve good results; it will not substitute for results in the grading process. Adjustment is required for a high school graduate to be successful in university. Before entering university, high school students must be aware of these differences. Therefore, they must know how to adapt to new teaching styles, to successfully prepare themselves for testing, and the changes in grading systems. Recognizing these differences before entering a university can help prepare students for greater success.

Beginning The Audit Report Essay

Thank you for choosing Team D Auditing for your audit needs. This letter is to inform you on how we plan to begin the audit process for your company. We will be performing an audit on the financial statements for Apollo Shoes for the year ended December 31, 2007 in order to provide reasonable assurance that the statements are presented fairly and are presented in accordance with Generally Accepted Accounting Principles (GAAP) (Arens, Elder, & Beasley, 2012). We will begin the audit by reviewing the statements as well as your organizational charts and the prior five years of federal income tax returns. After careful review of all documentation, we will review risks so that we can identify any potential risks and can draft the audit plan (Arens et al., 2012). We will then ask to meet with management to determine the scope of the audit and answer any questions that management may have. After the meeting, we will finalize the audit plan and begin our fieldwork. Our field time will be spent speaking with staff members and management, reviewing documentation such as policy and procedure manuals, learning about the business, and performing tests. We will be testing internal controls, ensuring the business is in compliance with applicable financial regulations, and testing the materiality of the financial statements (Arens et al., 2012). We will be holding scheduled meetings with staff and management and hope that we will have full cooperation. We will try to interrupt the business as little as possible. Our fee schedule will be based upon the total time spent on each stage of the audit and we will be submitting invoices along the way. Our preliminary estimation of cost is $200,000 and we will notify you immediately of any changes that could exceed that estimation. Our formal engagement letter,  preliminary engagement checklist, and preliminary time frame estimate with audit milestones are included in the appendices for your review. References American Institute of Certified Public Accountants. (2014). General Audit Engagement Checklist. Retrieved from http://www.aicpa.org/interestareas/peerreview/resources/peerreviewprogrammanual/2013/downloadabledocuments/20400-gen-audit-check-interimguidance.pdf Arens, A. A., Elder, R. J., & Beasley, M. S. (2012). Auditing and assurance services: An integrated approach (14th ed.). New York, NY: Perason/Prentice Hall. Becker Professional Education/CPA Review (2014) Audit Reports; Devry/Becker Educational Development Corp. Boynton, W. C. (2006). Modern Auditing (8th ed.). Danvers, MA: John Wiley & Sons, Inc. Louwers, T. R. (2007). Apollo Shoes, InC. Auditing and Assurance Services. McGraw-Hill Companies, Inc. Public Company Accounting Oversight Board. (2014). Auditing Standard No. 16. Retrieved from http://pcaobus.org/Standards/Auditing/Pages/Auditing_Standard_16_Appendix_C.aspx Raspante, J. F. & Vono, S. (2014). Engagement letters for the individual tax practitioner. Journal of Accountan cy, retrieved from: http://www.journalofaccountancy.com/Issues/2014/Jan/20137591.htm This letter is to confirm the agreement and to discuss the objectives for the  audit of Apollo Shoes, Inc. financial statements for the year ending December 31, 2007. We will be auditing the balance sheet, income statement, statement of retained earnings and cash flow. The financial statements and the effectiveness of the internal control is responsibility of management (Becker CPA Review, 2014). I want to clarify that we have to have an understanding of the company and the internal control in order to provide an opinion. Although an audit should provide reasonable assurance about that the financial statement are free of material misstatement we cannot provide absolutely assurance due to inherent limitation in the internal control (Becker CPA Review, 2014). We request that the company can provide us with adequate evidence necessary to perform the audit. It is critical that we have access to information and files including the minutes, besides to be able to inquire personnel and the observation of procedures as necessary. We have the responsibility that if a material weakness and or a significant deficiency are discovered in the performance of the audit, it should be communicated to the audit committee in writing (PCAOB, 2014). The management is also responsible to adjust the financial statements to correct material misstatements found during the audit; if the correction are not done because they are immaterial, it should be stated as part of the representation letter were management is confirming their responsibilities during the audit (PCAOB, 2014). Our out of pocket expenses and fees are estimating in $200,000, which covers the hours spent during the audit. If anything may affect this estimate we will let you know. Our fees are due when we complete the audit (Raspante & Vono, 2014). We are very enthusiastic to be your new auditors and we hope to fulfill your expectations. If you agree with this agreement, please sign in the space provided; keep a copy for your records and return us the original signed. If you have any further questions, please do not hesitate to contact me. October 29, 2007: Received accounting procedures manual from Karina Ramirez for fieldwork (Louwers, 2007, p. 32). January 7, 2007: Prepare working papers for Board Minutes of important events and transactions during the past year. Make notes in the audit working papers of matters relevant for the auditor for the 2007 financial statements. Use the reference ‘GA-3’ with the following headings and information in a table format: Information Relevant to 2007 and Audit Auction Recommended (Louwers, 2007, p. 36). January 3, 2008: selection by audit committee of Anderson, Olds, & Watershed as auditors ratified (Louwers, 2007, p. 39). January 3, 2008: $750,000 fee was approved for the 2007 audit (p. 36); January 8, 2008: Received Apollo’s 2007 year-end trial balance, along with 2006 audited trial balance (p. 40). January 8, 2008: Create 3 spreadsheets for a 2 year comparative balance sheet, income statements, and statement of cash flows (p. 40). January 9, 2008: Perform pr eliminary analytical procedures on the financial statements. This includes calculating common-size financial  statements and dollar amount, and percent changes—use recent spreadsheet created for comparative statements; calculate financial ratios with common stock at $24 million in current and prior periods; Compare Apollo’s numbers with closest competitors, such as Nike and Rebook at EDGAR for industry averages; write a brief memo highlighting potential problem areas with calculations (p. 43). January 9, 2008: Write a brief memo (GA-4) highlighting what you believe are potential problem areas. Include calculations to support (GA-4-1, GA-4-2, etc. (p. 43). January 9, 2008: Prepair a memo (GA-5) addressing materiality for Apollo Shoes. The workpaper documents must be following GAAP. Address the following: 1. Briefly describe indepdendent auditors concept of materiality; 2. Describe some commone relationships and other considerations used by auditors when assessing the dollar amount considered matieral. What are some common measures of materiality with respect to income, sales, and toal assets? 3. Based on professional judgement, determine an amount you consider to be a minimum material misstatement for Apollo Shoes and justify your recommendation in your memo (p. 45). January 10, 2008: Write a memo (GA-6) addressing the potential for fraud for Apollo shoes. This should include SAS 99 fraud guidance addressing the following: 1. Have you noticed any ‘red flags’ in either the minutes or analytical procedures so far? 2. Address fraud risk in general terms: types of risk (improper revenue recognition), significance of risk, likelihood of risk, pervasiveness or risk centralized to one function of or individual or is it throughout the organization? 3. How might fraud be perpetrated or concealed in the entity; 4. Suggest ways we might alter our audit approach to address the potential for fraud, such as assignment of personnel, predictability of auditing procedures, and examination of journal entries and other adjustments; Continued for memo—what we’ll need to get together with the entire audit team for brainstorming session next week. January 10, 2008: AOW was informed of the Apollo’s mid-year computer installation. How will the computer processing, for the last two quarters’ transaction affect our audit this year? How will we use our new laptops for the Apollo engagement? For example, correspondence, memos, auditing working papers, prepared and maintained on the new laptops (p. 46).

Shadowlands †The Story Behind One of the Greatest Christian Authors †English Essay

Shadowlands – The Story Behind One of the Greatest Christian Authors – English Essay Free Online Research Papers Shadowlands The Story Behind One of the Greatest Christian Authors English Essay Shadowlands. – C. S. Lewis, the celebrated Oxford professor, fervent Christian and childrens author, meets Gresham, American divorcee, poetess and mother. She comes to England as a fan, seeking out the admired author. He is intrigued by the bright and impetuous American. They become friends and they have a marriage of convenience to satisfy some immigration difficulties for her but then she becomes ill with cancer and Lewis, realizing his love for her, marries her again, this time in a religious ceremony. They enjoy a couple of years of happiness and then she dies. But it is not as simple as this plot. The film describes and leads the viewer to one of the most important of life’s questions. Does our suffering mean anything? The question that everyone asks himself at the worst moments of his existence, when we tend to think that we were the last person that would suffer the misfortune of the death of our loved ones. It is due to our love for other people that we suffer when we are abandoned for one reason or another. Therefore, we should think that it is not only a matter of the pain what we suffer but also the period of happiness we live or have lived. These states of mind, spirit and soul have and will always go together or at least continuous, one after the other; and assuming this irrevocable truth we ought to ask ourselves if we prefer to lament the pain of loss or give thanks that it was you and not your beloved relative or friend who lived the loss of the other. We are here to live, to experience everything: hate and love, illness and health, life and death because if we never encounter the negative sides of the world we would never appreciate as much as we do now its positive face. Research Papers on Shadowlands - The Story Behind One of the Greatest Christian Authors - English EssayMind TravelThe Masque of the Red Death Room meaningsThe Effects of Illegal ImmigrationComparison: Letter from Birmingham and CritoWhere Wild and West MeetHonest Iagos Truth through DeceptionHarry Potter and the Deathly Hallows EssayCapital PunishmentPersonal Experience with Teen Pregnancy19 Century Society: A Deeply Divided Era

Small Tent Essay

Small Tent Essay Small Tent Essay Yellow Tent I remember when I was young, probably around 12 years old; my parents would help my two younger brothers and I set up a small tent in our backyard. I remember the excitement of anticipating going outside as a family, preparing for the evening events and working together so we could have fun. As dad and I would start setting up the tent, he become frustrated trying to figure out which poles should be paired together. Once we finally matched up the poles, we would stand up the tent. It was a wonderful tent, bright yellow with two screened windows on each side. One of the windows had a small tear in the netting so mosquitoes became our unwelcomed guests. I tried using gray duct tape to repair the rip, but somehow the mosquitoes still managed to get in. Following the tent set up, my brothers and I would drag our sleeping bags and pillows outside and assemble our beds in the tent. We always argued about who would sleep in the middle. However, since I was the oldest, I usually won the prime spot. It seemed to take forever for darkness to fall. We would impatiently watch the yellow and orange colors of the sun blend together. As they dropped slowly down into the horizon, It seemed to sit on the tips of the trees for hours, before dropping from sight. When the sun was just skimming the ground and it was beginning to look like dusk outside, my brothers and I were ready to start our night. Our parents would assemble a campfire and let us roast marshmallows and make s’ mores. The family would circle the campfire for story time. My dad would always tell the scary stories and my mom would entertain with the funny ones. My brothers told stories that I considered to be senseless. I thought they either made everything up, or were repeating something they had seen on TV. My stories were always connected to cheerleading. To be an awesome cheerleader was a lifelong dream of mine. I would tell my parents how I imagined that I was in high school, being tossed in to the air while and the crowd yelled for me. I wanted to have lots of girlfriends and hang out with them as a team. I dreamed of having fun at all the games, cheering on the football players. As the night progressed, my brothers and I would make our way into the yellow tent and snuggle into our sleeping bags. Our parents would give us a flashlight so we could see in the dark. After my parents would leave us to inside to bed, go inside to go to bed we would take turns reading books to each other. When it would be my brothers’ turn to read a short story, they would always pick the easiest ones like â€Å"Red fish, blue fish, one fish, two fish†, and I would still have to help them. I would pick a scary story to read to them, because I found it funny how they would react. While reading the story one of them would whisper, â€Å"Did you hear that?† as if they heard a bear in our backyard coming to eat them. This was the only time that my brothers and I would get al ong and not fight or argue. I can remember it being so quiet and peaceful, just the noise of crickets coming from the outside world and the shining of the porch light into one of the net windows from our little yellow tent. Once we would be done reading to each other and we were getting tired, Of course one of them would say they had to use the bathroom. And me being the oldest sister I would volunteer to walk them into the house, so nothing would jump out and scare them. While in the house waiting for them to finish using the bathroom, I would wait for them in my room, sitting on my bed. Eventually, I would get tired and end up falling asleep. So needless to say we never did make it through a whole night in that yellow tent. Now that I have grown up and have children of my own, I have passed down this same tradition to them. The only difference is, they don’t have a yellow tent. They share their time in a playhouse, but they go through the same things that my brothers and I went through. They argue about who is

Top 10 Confused Words in English [I-L]

Top 10 Confused Words in English [I-L] Top 10 Confused Words in English [I-L] Top 10 Confused Words in English [I-L] By Maeve Maddox Seven of these ten commonly confused word pairs beginning with the letters I-L are frequent enough to have earned one or more full posts at Daily Writing Tips. You’ll find links at the end of each item. 1. illicit / elicit Illicit is an adjective meaning, â€Å"not allowed by law or social conventions.† Elicit is a verb meaning, â€Å"to draw out a reply or reaction.† 2. imply / infer Increasing numbers of speakers ignore the distinction between these words, but it remains a useful one. Imply is â€Å"to suggest indirectly.† Infer is â€Å"to draw a conclusion.† Related posts: Confused Words #6: Imply vs. Infer Imply and Infer 3. it’s / its Despite the hundreds, perhaps thousands of explanations to be found on the Web regarding the difference between these two spellings, the mistake of writing it’s for its remains the most common written error of them all. It’s is the contracted form of the words it and is. Its is the possessive adjective that corresponds to his and their: Max has dyed his hair red. The children have passed their exams. The cat has paint on its tail. Related posts: It’s or Its? The Truth About â€Å"It’s† 4. jibe / jive The most common error with this pair is to use jive, a word that derives from musical terminology, in a context that calls for jibe, a word that means, â€Å"to agree with.† Here are two correct uses of the word jibe: His interpretation of the law doesn’t jibe with mine. Your explanation does not jibe with the facts. Related posts: Gibe, Gybe, Jibe, and Jive 5. loath / loathe Loath (pronounced with an unvoiced th like the one in thin) is an adjective originally meaning hostile, angry, or spiteful. In modern usage it means averse, disinclined, reluctant, or unwilling, as in this New York Times headline:† Inquiry Goes To Committee That May Be Loath to Act.† A variant spelling is loth. Loathe (pronounced with a voiced th like the one in this) is a verb meaning â€Å"to feel strong aversion for† as in the title of a TED topic: â€Å"Why Do So Many People Loathe Their Jobs?† Note: TED is a nonprofit organization that sponsors and broadcasts lectures on various social issues. The name is an acronym formed from the words Technology, Entertainment, and Design. Related posts: Verb Mistakes #5: Loathe â€Å"Loath† and â€Å"Loathe† 6. loose / lose Loose can function as a verb meaning â€Å"to free† or â€Å"to release,† but its most common use is as an adjective to mean, â€Å"not tight.† Lose is a verb that has various connotations of loss. For example, a person may lose his way in the woods. The past tense of lose is lost. Related posts: Confused Words #3: Lose, Loose, Loss Loose or Lose? 7. latter / ladder As a noun, latter means â€Å"the person or thing mentioned second of two.† A ladder is an appliance of wood or other material, consisting of a series of bars/rungs/steps/ fixed between two supports. Speakers who do not distinguish clearly between the sounds of t and d may misspell latter as ladder, as in these examples: INCORRECT: There are two modes to constructed play: Casual, and Ranked. Some people choose the former, some people choose the ladder.- Gaming site. CORRECT : There are two modes to constructed play: Casual, and Ranked. Some people choose the former, some people choose the latter. INCORRECT: Many police officers know that much of their job is to collect revenue. It’s now apparent, that when given the option to conduct extortion or not, they will choose the ladder.- A talk radio website. CORRECT : Many police officers know that much of their job is to collect revenue. It’s now apparent, that when given the option to conduct extortion or not, they will choose the latter. Related post: â€Å"Latter,† not â€Å"Ladder† 8. lightening / lightning The word lightening comes from the verb to lighten, â€Å"to make lighter.† An artist can lighten a color. A kindly neighbor can lighten someone’s loneliness. A driver can lighten a load. Dark hair may be lightened by the sun. Lightning is â€Å"the visible discharge of electricity between one group of clouds and another, or between the clouds and the ground.† 9. libel / slander Libel functions as a noun and as a verb. The noun is usually used to mean â€Å"a  published statement damaging to the reputation of a person.† The verb means, â€Å"to defame or discredit by the circulation of libelous statements.† As a noun, slander denotes â€Å"the utterance or dissemination of false statements or reports concerning a person in order to defame or injure that person.† As a verb, slander is â€Å"to spread slanderous reports about.† The legal difference between the two is that libel is written and slander is spoken or conveyed in some other non-written manner. Another error with libel is that the noun (libel) is sometimes used incorrectly in place of the adjective liable, as in this example from a Canadian government site: INCORRECT: The landlord testifies that the tenant became libel for the rent from December 01, 2008 and that he allowed her to move in on November 19, 2008 until December 01 without payment of rent. CORRECT : The landlord testifies that the tenant became liable for the rent from December 01, 2008 and that he allowed her to move in on November 19, 2008 until December 01 without payment of rent. Liable is an adjective that means, â€Å"bound or obliged by law or in accordance with a rule or convention.† Related post: Is it Libel, or is it Slander? 10. lay / lie Some would argue that insisting on the distinction between the verbs lay (to put or to place) and lie (to recline) is beating a dead horse. I continue to insist on the difference because I believe that speakers who are bright enough to want to master a standard form of English are bright enough to learn the difference between these two verbs. Tell your children to lay their homework on the table. Tell your dog he may lie under it. Lay is transitive (has an object). Lie is intransitive (has no object). Related posts: Verb Mistakes #9: Past Tense forms of Lay and Lie Lay vs. Lie: What’s So Hard? Mixing up â€Å"lay† and â€Å"lie† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:The Royal Order of Adjectives "Certified" and "Certificated"Personification vs. Anthropomorphism

Two characters analysis in Packer's Geese Essay Example | Topics and Well Written Essays - 500 words

Two characters analysis in Packer's Geese - Essay Example She finds it difficult to trust anyone unconditionally and she is suspicious about everything. The scene for Dina shifts to Tokyo in this story. She lives with a group of young people who are jobless in Tokyo. They face slow starvation, and reach a situation where they share in one grapefruit and banana between five people. â€Å"The all-knowing arrogance of youth† is subdued by hunger. How small issues can take the grim turn—Dina alienates her roommates by eating the last slice of grapefruit. The thematic ploy in this story is â€Å"Asian prejudice against blacks.† The compulsions of living life in odd circumstances, when empty stomach leaves very harsh choices for survival—and Dina prostitutes herself to a Japanese sarariman, the men who liked to proposition black girls, because â€Å"Verry chah-ming daaark-ku skin. â€Å"What the story tells us through Dina is, the important aspect of life is the process through which one lives it. Success and failure s are but incidental factors, the reality of life is one’s approach to the struggles. In this story one finds the older, experienced Dina, from what she was in the story ‘Drinking Coffee Elsewhere.† She is in Tokyo with young company with persons like Ari, Petra, Zoltan etc. Being unable to find work through the normal channels, she invents a trick to eat and pay the rent. â€Å"She left with a wad of yen. While riding the tokkyuu she watched life pass, alert employees returning to work, uniformed children on a field trip. It all passed by — buildings, signs, throngs of people everywhere." — Ayesha Court. ‘Geese’ continues the somber mood, but with an almost surreal edge to it and a host of memorable if not necessarily fully-realized characters. â€Å"The store manager, a nervous Japanese man in his forties, brought her to Zoltan, telling him, in smiling, broken English, to keep her at home"(p.203) is the second important character in the story,

What are the implications of globalisation for democracy Essay

What are the implications of globalisation for democracy - Essay Example istant others live in a different continent and time zone, yet electronic communications have rendered the differences of time and space insignificant. We have become more interdependent and the contemporary world can best be referred to asa global village or a shrinking world (Held and McGrew 2003, 3). If modernity was about the power of the nation state and the legitimization of the state action through traditional democracy, then globalisation would clearly have a significant impact but probably not in the contemplated way. Globalisation is usually associated with the decline of the nation state and the rise of pan national government, international organisations like the World Bank, UN and some of the most powerful TNC’s. Yet for Heldalthough state sovereignty has waned and their freedom to act has also declined in the face of globalisation, yet they have also seen resurgence. Problems associated with globalisation such as damage to the environment, overpopulation and migration have all been addressed by different nations. Revision Aid: Two way argument that nation states are in decline because of globalisation and pan national government but also that states are resurgent because they attempt to rise to the challenges presented by globalisation. Furthermore, in terms of democracy, the bureaucracy flourishes through the networks of ICT. Notions of infocracy and the transparent citizenship come into being as more and more personal information is held about us. This has consequences for democracy as we are encouraged to participate through Held’s plebiscitary democracy by channelling our wants and preferences to government through ICT. One might argue that such a process might as well develop a sense in us as to where we may pass on such inputs to the pan national organisations (Dijk 2000, 11). Revision aid: as governments make greater use of ICT, so they collect more information about us but we may also have greater opportunities to communicate political

Herland by Charlotte Perkins Gilman Essay Example | Topics and Well Written Essays - 1250 words

Herland by Charlotte Perkins Gilman - Essay Example Namely, this new society isn’t simply one of females, but also has fundamentally changed the structure of culture and interaction (Pringle). This essay specifically analyzes the way that Gilman indicates gender identity is socially constructed as a means of seeking to change late Victorian society, and considers the reasons that Gilman seeks this social change. While a great amount of the novel makes overt criticisms of late Victorian gender identities, some of the most potent such criticisms are established in terms of indirect commentary. After the men reach their destination and hide their biplane they go exploring the area. It is not long before the women capture them. In these early scenes one recognizes the blurring of distinctions behind Victorian gender physicality. The women are described as agile and full of strength and it is this strength that allows them to ultimately capture the men. In these regards, it seems that Gilman’s purpose of shifting the traditio nal male role of dominator to the female functions as a means of framing the novel in this overarching discourse. As the text further progresses and the men find themselves incarcerated, Gilman uses the situation as a means of further criticizing patriarchal society. The men, expecting traditional patriarchal treatment while incarcerated note that, "Of course we looked for punishment - a closer imprisonment, solitary confinement maybe - but nothing of the kind happened. They treated us as truants only, and as if they quite understood our truancy" (Gilman, p. 42). This statement is significant as it demonstrates that despite the recognition that the women have control, they do not seek to impose undue punishment on the men, but instead merely acculturate them to this newfound society. Indeed, theorists have argued that it operates as a microcosm of the broader critique of patriarchal society (Hoeller). Within the broader spectrum of the gender argument, it seems to indicate that desp ite claims to the contrary women are just, if not more competent than men, in handling issues related to power or incarceration. As the novel progresses Gilman further explores the areas where late Victorian society has established socially established gender identities. Upon being released from the prison after their captivity the men further explore Herland. Upon their exploration they come to recognize that many of the preconceived gender stereotypes they held, no longer hold. They note, "We had expected jealousy, and found a broad sisterly affection, a fair-minded intelligence, to which we could produce no parallel. We had expected hysteria, and found a standard of health and vigor, a calmness of temper, to which the habit of profanity, for instance, was impossible to explain - we tried it" (Gilman, p. 81). Similar to the discoveries the men established during their captivity, here they come to recognize that many of their preconceptions regarding the female gender no longer hol d in Herland. For instance, rather than finding jealousy they find a ‘sisterly affection’ and rather than hysteria they find health and vigor. In both instances the late Victorian gender stereotypes are proved erroneous, as women aren’t simply jealous hysterics. It seems Gilman’s motivations in these regards are multiple. On one level she has sought to simply demonstrate how an all female society could functionally operate. Still, on a more fundamental level she has sou

English 2 Essay Example | Topics and Well Written Essays - 500 words - 2

English 2 - Essay Example The essay will include a possible solution of bringing healthy restaurant that will encourage healthy eating to avoid obesity and overweight problems amongst students. In the last three decades, Sale of fast foods in University restaurants has increased dramatically. Fast foods from retailers such as McDonald and taco bell are served school restaurants in most colleges and universities. Junk food and sweetened drinks are what most students at University of Colorado depend on. Most of them do so due to lack of other options. Snacks such as fries and burgers are very popular amongst students. Lack of healthy alternatives in the school restaurants make most students turn to eating junk food without considering the side effects (â€Å"Havard University† Web). There are several risks associated with eating fast foods, which comprise of junks and snacks. The fast foods have high level of calories in addition to excess fat. The major risk is increase in cases of obesity and overweight. Overweight is associated with other problems such as low self-esteem amongst student, which can affect their academic performance. Additionally, being overweight exposes student to other disorders such as heart problems and high blood pressure. Studies have shown that food with high levels of fat slow down blood flow since they lead to accumulation of bad cholesterol in the body (â€Å"Harvard University† Web). There is need for introduction of restaurants that will offer healthier foods to curb cases of obesity and overweight amongst students at University of Colorado. Having an organic restaurant at University of Colorado would improve the food environment for the students. The best option would be opening of organic restaurant to offer foods with adequate nutritional value without risking the health of the students. Other than offering sweetened drinks, organic restaurants would

Ask ls week 2 Essay Example | Topics and Well Written Essays - 250 words

Ask ls week 2 - Essay Example These include a person, as a researcher, and other stakeholders. What are some of the things one ought to have or consider when conducting such a research? One of the most common challenges when conduction a research is personal bias which might for example in this case be attributed to the fact that the researcher had participated in previous financial services projects. In this regard, what are some ways of ensuring such bias does not affect the outcome of your research? One of the key considerations to have when conducting a research is knowledge of your chosen area of research. According to you, do you think such previous knowledge and involvement in your area of research could be of any advantage when conducting a research? If yes why and how? In order to have effective research outcomes, the researcher has to have some research skills (Coghlan and Brannick 2010). What are some of the skills that are required to have, and especially in relation to the current study? It is evident that your AR research would be faced by many challenges, more so because it involves your organization as an, AR manager and that the people to incorporate in your research are your junior officers (Greenwood and Levin 2007). In this regard, what are some of the challenges that you may encounter during your research? And how would you overcome such challenges? Having indentified the problem of women officers not progressing to management ranks at KNBS may draw some mixed reactions and especially from male counterparts. In fact, your research may be influenced by some bias and especially when dealing with gender issues (Coghlan and Brannick 2010). What are some of the research techniques required in order to avoid such bias? Before one initialises a research, there must be a motive behind the research. What are some of the issues that instigate a research? What are some of the things to consider when starting a research

English 2 Essay Example | Topics and Well Written Essays - 500 words - 2

English 2 - Essay Example The essay will include a possible solution of bringing healthy restaurant that will encourage healthy eating to avoid obesity and overweight problems amongst students. In the last three decades, Sale of fast foods in University restaurants has increased dramatically. Fast foods from retailers such as McDonald and taco bell are served school restaurants in most colleges and universities. Junk food and sweetened drinks are what most students at University of Colorado depend on. Most of them do so due to lack of other options. Snacks such as fries and burgers are very popular amongst students. Lack of healthy alternatives in the school restaurants make most students turn to eating junk food without considering the side effects (â€Å"Havard University† Web). There are several risks associated with eating fast foods, which comprise of junks and snacks. The fast foods have high level of calories in addition to excess fat. The major risk is increase in cases of obesity and overweight. Overweight is associated with other problems such as low self-esteem amongst student, which can affect their academic performance. Additionally, being overweight exposes student to other disorders such as heart problems and high blood pressure. Studies have shown that food with high levels of fat slow down blood flow since they lead to accumulation of bad cholesterol in the body (â€Å"Harvard University† Web). There is need for introduction of restaurants that will offer healthier foods to curb cases of obesity and overweight amongst students at University of Colorado. Having an organic restaurant at University of Colorado would improve the food environment for the students. The best option would be opening of organic restaurant to offer foods with adequate nutritional value without risking the health of the students. Other than offering sweetened drinks, organic restaurants would

History of the KKK and their influence in society Research Paper

History of the KKK and their influence in society - Research Paper Example The history of KKK can be broadly divided into three: first, second and third. To be specific, the first Klan can be connected with its origin, the second with its growth/development and the third with its decline. As pointed out, the first Klan can be considered as the origin of KKK in America. For instance, the first Klan was formed in the year 1865 in Tennessee. The retired hands from the Confederate Army were the members who established KKK as a terrorist organization to fight against the freemen. But Bullard (1996), states that â€Å"By the mid 1870s, white Southerners didn’t need the Klan as much as before because they had by that time retaken control of most southern state governments†. The name of this organization originates from Greek language, meaning ‘group or circle of brothers’. The organizational structure of the first Klan was not based upon centralization or decentralization of power because there were a number of groups based upon the same ideology of racism. During this period, the Southern states within America were deeply influenced by the first Klan. In addition, the leaders and members began to target the black population in the southern states. The people who were in favor of racial equality were treated cruelly or murdered by the Klan members. But the Force Acts passed by the authorities in 1870 and the following year were helpful to limit the anti-social deeds initiated by the Klan. In short, the first Klan can be considered as the crude form of KKK, which spread the message of racial supremacy among the people in America. The second Klan: 1915–1944 The formation of the second Klan was in Georgia, in the year 1915. So, this year can be considered as the benchmark of the growth and development of Klan as a racist organization. But Laqueur ( 1977), opines that â€Å"The Second Klan (ca. 1915- 1944) also stood for white supremacy, but at the same time it campaigned for a great many other causes such as patriotism and attacked bootleggers, crapshooters and even wife-beaters† (p.10). Later in 1921, the leaders transformed the Klan from unorganized groups to well knit organization. For instance, the second Klan adopted an innovative system to recruit new members to the organization which accelerated its popularity among the majority. From a different angle of view, large scale immigration helped the Klan to spread its influence to the Western parts of America. Besides, more and more ideas were inculcated to the initial plan to spread racism. For instance, national politics and protest against the spread of communist ideology were connected to the Klan’s initial plan. To be specific, this change helped the Klan to have wide spread popularity among the people and violent activism became the most important mode o f protest. Gradually, the second Klan became more and more centralized. This was helpful to co-ordinate the

Hsbc Case Essay Example for Free

Hsbc Case Essay HSBC is known as the â€Å"World’s local bank†. Originally called the HongKong and Shanghai Banking Corporation Limited, HSBC was established in 1865 to finance the growing trade between China and the United Kingdom. HSBC is now the second largest bank in the world, serving 100 million customers through 9,500 branches in 79 countries. The company is organized by business line (personal financial services; customer finance; commercial banking; corporate investment banking and markets; private banking), as well as by goegraphic segment (Asia-Pacific, U. K. /Eurozone, North America/NAFTA, South America, Middle East). Despite operating in 79 different countries, the bank works hard to maintain a local feel and local knowledge in each area. HSBC’s fundamental operating strategy is to remain close to its customers. As HSBC chairman Sir John Bond said in November 2003, â€Å"Our position as the world’s local bank enables us to approach each country uniquely, blending local knowledge with a worldwide operating platform†. For example, consider HSBC’s local marketing efforts in New York City. To prove to jaded New Yorkers that the London-based financial behemoth was â€Å"the world’s local bank. HSBC held a â€Å"New York City’s Most knowledgeable Cabbie† contest. The winning cabbie gets paid to drive full-time for HSBC for the year, and HSBC customers win, too. Any customer showing an HSBC bankcard, checkbook, or bank statement can get a free ride in the HSBC-branded Bankcab. The campaign demonstrates HSBC’s local knowledge. â€Å"In order to ma ke New Yorkers believe you’re local, you have to act local,† said Renegade Marketing Group’s CEO Drew Neisser. Across the world in Hong Kong, HSBC undertook a different campaign. In the region hit hard by the Severe Acute Respiratory Syndrome (SARS) outbreak, HSBC launched a program to revitalize the local economy. HSBC â€Å"plowed back interest payments† to customers who worked in industries most affected by SARS (cinemas, hotels, restaurants, and travel agencies). The program eased its customers financial burden. The bank also promoted Hong Kong’s commercial sector by offering discounts and rebates for customers who use an HSBC credit card when shopping and dining out, to help businesses affected by the downturn. More than 1,500 local merchants participated in the promotion. In addition to local marketing, HSBC does niche marketing. For example, it found a little-known product area that was growing at 125 percent a year : pet insurance. In December 2003 it announced that it will distribute nationwide per insurance through its HSBC Insurance agency, making the insurance available to its depositors. HSBC also segments demographically. In the United states, the Bank will target the immigrant population, particularly Hispanics, now that it has acquired Bital in Mexico, where many migrants to the United States deposit money. Overall, the bank has been consciously pulling together its worldwide business under a single global brand with the â€Å"World’s local bank† slogan. The aim is to link its international size with close relationships in each of the countries in which it operates. The company spends $600 million annually on global marketing and will likely consolidate and use fewer ad agencies. HSBC will decide who gets the account by giving each agency a â€Å"brand-strategy exercise. † Agencies will be vying for the account by improving on HSBC’s number 37 global brand ranking

Foreign Exchange Risk Management Analysis

Foreign Exchange Risk Management Analysis Chapter 1 Introduction This chapter will introduce the reader to the subject at hand and why the chosen research area is of interest and relevance for further development. Finally, the chapter includes a problem discussion, which in turn ends up in the research purpose of the thesis. 1.1 Background of the Study The deepening of globalization process has led to an increase in foreign exchange transactions in international financial markets. This has determined a higher volatility of exchange rates, and, implicitly, an increased foreign exchange risk. There are many types of risks, but only few of them can bring losses as large as foreign exchange risk. In these conditions, the development of new modern and effective methods for managing foreign exchange risk becomes a great necessity for the players in international financial activity. Foreign exchange risk management is crucial for companies frequently trading in the international market. Empirical research shows that profits of multinational companies are affected by volatile floating foreign exchange rates. Nevertheless, small firms trading exclusively on their domestic markets also become increasingly exposed to foreign currency fluctuations. Actually, small firms depend on the volatility of the main currencies because many of them out-source their production to foreign countries. This means that they incur costs in a foreign currency (wages, taxes, material, etc.) and they also need to manage this exposure. Other small firms are exposed indirectly given that their strategic position can be affected by volatile FX rates. By definition, all entrepreneurial activities incur risks, and coping with risk has therefore always been an important managerial function. In recent years, however, risk management has received increasing attention in both corporate practice and the literature. This is particularly true for the management of financial risks, i.e. the management of foreign exchange risk, interest rate risk and other financial market risks. A major reason for this is the development of markets for derivative financial instruments. Forward contracts, futures, options, swaps and other, more complex financial instruments today allow firms to transfer risks to other economic agents who are better able, or more willing, to bear them. In 1971, the Bretton Woods system of administering fixed foreign exchange rates was abolished in favour of market-determination of foreign exchange rates; a regime of fluctuating exchange rates was introduced. Besides market-determined fluctuations, there was a lot of volatility in other markets around the world owing to increased inflation and the oil shock. Corporates struggled to cope with the uncertainty in profits, cash flows and future costs. It was then that financial derivatives foreign currency, interest rate, and commodity derivatives emerged as means of managing risks facing corporations. The interest in the potential vulnerability of multinational firms to foreign exchange rate risk is heightened by the wide currency fluctuations experienced during the last few decades and this issue has engendered a considerable amount of research (Muller, A., Verschoor, W.F.C. 2006). In India, exchange rates were deregulated and were allowed to be determined by markets in 1993. The economic liberalization of the early nineties facilitated the introduction of derivatives based on interest rates and foreign exchange. However derivative use is still a highly regulated area due to the partial convertibility of the rupee. Currently forwards, swaps and options are available in India and the use of foreign currency derivatives is permitted for hedging purposes only (Giddy et.al. 1992). 1.2 Problem Statement Transaction exposure to foreign exchange risk results from the effect of (unanticipated) changes in the spot exchange rate on the base currency value of foreign currency cash flows (contractual payables and receivables). Financial hedging of transaction exposure is implemented by taking an opposite position (to the spot position) on a currency derivate (such as forwards, futures and options) or by using money market hedging. In some cases, however, financial hedging may not be possible or it may be too expensive. For example, forwards, futures, and options may not be available for some currencies or for long maturities, and it may not be possible to obtain credit lines in certain currencies (which precludes money market hedging). This observation is particularly valid for countries where financial markets are rudimentary. If a firm facing (transaction) exposure to foreign exchange risk cannot indulge in financial hedging, it may resort to the operational hedging techniques of risk sharing and currency collars, which can be implemented by using customised hedge contracts embedded in the underlying trade contracts. Under a risk sharing arrangement, the benefits accruing to one party of a transaction as a result of a favourable change in the exchange rate (which is necessarily an unfavourable change for the other party) are shared by the two parties. A currency collar, on the other hand, is used to set a minimum value for the base currency value of cash flows at the expense of setting a maximum value. Thus, it involves a trade-off between potential loss and potential gain. The unpredictability of forex market may erode or even eliminate the profit margin built into an international sale at the time the sale was carried out, when selling on terms of weeks and even months. Foreign exchange rate keeps on fluctuating and they depend upon the market forces of demand and supply (Platt, G. 2007). Hedging refers to managing risk to an extent that makes it bearable. In international trade and dealings foreign exchange play an important role. Fluctuations in the foreign exchange rate can have significant impact on business decisions and outcomes. Many international trade and business dealings are shelved or become unworthy due to significant exchange rate risk embedded in them. Historically, the foremost instrument used for exchange rate risk management is the forward contract. Forward contracts are customized agreements between two parties to fix the exchange rate for a future transaction. This simple arrangement would easily eliminate exchange rate risk, but it has some shortcomings, particularly getting a counter party who would agree to fix the future rate for the amount and time period in question may not be easy. In India many businesses are not even aware that some banks do provide forward rate arrangements as a service to their customers. By entering into a forward rate agreement with a bank, the businessman simply transfers the risk to the bank, which will now have to bear this risk. Of course the bank in turn may have to do some kind of arrangement to manage this risk. Forward contracts are somewhat less familiar, probably because there exists no formal trading facilities, building or even regulating body. 1.3 Research Objectives and Questions There is a need to identify, quantify, and evaluate a firms risk exposure and to choose appropriate procurement strategies. The general objective of this study is to incorporate procurement and marketing decisions into a single hedging model, considering risk factors typically faced by firms in the textiles and garment industry. There are several reasons to explain why foreign risk management has gained in popularity over the last decades. The most important reason lies in the increased volatility of exchange rates, interest rates, and commodity prices, causing firms cash flows to become more uncertain. Secondly, firms tend to focus more on their core business, which makes them less diversified. As a consequence, the volatility of firms cash flows may increase. A third reason for the growing importance of foreign risk management can be found in the globalization of business activities, in which competition has increased and profit margins have declined. A final explanation we offer is the growing number of opportunities to manage risks. Based on the problem discussion our research objectives are formulated as follows: To review and critically analyse the practices adopt by the Indian exporters to hedge the forex risk. To evaluate the impact of foreign exchange risk on exporters and exports of a country like India To critically compile the issues faced by the Indian exporters in hedging foreign exchange risk. Based on the above stated research objectives the following research questions have been developed: RQ 1: How the export company determines foreign exchange risk? RQ 2: Which level the company can actively manage foreign exchange risk? RQ 3: How it can hedge the forex risk? RQ 4: What techniques are preferred by company in its forex risk management? 1.4 Relevance of Research Currently there is a scarcity of research papers about currency exposure management in companies in emerging markets. Theoretical studies like that of Copeland and Copeland (1999) are usually supported by the findings from developed countries (the USA, Canada, the UK). Therefore, the application of such studies might be complicated in developing markets. Researchers that analyze the foreign exposure management in companies often use large samples and questionnaires to evaluate the derivate use, and are successful in describing countries with well-developed markets. For emerging markets like India such quantitative approaches are extremely rare. Most often the situation with currency exposure management and application of derivatives by non-financial institutions is reflected in the newspapers. Yet, these articles are not academic papers and serve only as descriptions of the situation. Therefore, this study will be distinctive in several areas. First, it concentrates on India and will contribute to the increase in the number of academic studies about emerging markets. Second, it will contribute to the business community , as it will analyze the application of derivatives by exporting companies for hedging currency exposure and reveal the causes higher or lower popularity of derivatives. Third, it will apply the theoretical model which was developed based on the practice in developed countries, and test if the results from model application match the empirical findings in reality in India. 1.5 Outline of the Study This dissertation consists of five chapters (see Figure 1.1). In chapter one, a relative broad description is given in the beginning, providing the reader with a background and discussion of issues related to the problem area. This discussion lands in a specific research problem, which has been broken down into research questions. Chapter two gives a presentation of theories relevant for the research problem. Continuously, a description and justification of the methodological approaches chosen in this thesis is given in Chapter three. In chapter four the received empirical data is presented and contains an analysis of the collected data against the theory. Finally, conclusions and implications are presented in chapter five. Literature Review This chapter reviews the literature theory of foreign exchange risk management include the concepts of foreign exchange risks, its characteristics by different types, and hedge theory of foreign exchange risks. 2.1 Foreign exchange risk Whenever a company is running overseas business, the company is exposed to different categories of risk including commercial risk, financial risk, country risk and foreign exchange risk (Oxelheim 1984). Country Risk Foreign Exchange Risk Financial Risk Commercial Risk Figure2.1 The company risk Source: Oxelheim 1984, p14 Foreign exchange risk is commonly defined as the additional variability experienced by a multinational corporation in its worldwide consolidated earnings that results from unexpected currency fluctuations. It is generally understood that this considerable earnings variability can be eliminated-partially or fully-at a cost, the cost of Foreign Exchange Risk Management. (Jacques, 1981). According to Shapiro (2006), foreign exchange rate exposure can be defined as a measure of the potential changes in a firms profitability, net cash flow and market value because of a change in exchange rates. 2.2 The existing classifications of foreign exchange risks In the recent literature of foreign exchange exposure management, the types of exposures are usually summarized and simplified into three categories, translation, transaction, and economic ( Cowdell, 1993; Girnblatt and Titamn, 1998; Eitman et. al.,1998 and Shapiro, 2006). It is conventionally stated that the exposure to currency risk is categorized into three factors; seen below in figure 2.2. Figure 2.2 Types of currency risk exposure Source: Eun et al.,2007 Transaction Exposure The transaction exposure concept concentrates on contractual commitments which involve the actual conversion of currencies. A firms transaction exposure thus consists of its foreign currency accounts receivables and payables, its longer-term foreign currency investments and debt, as well as those of its foreign currency cash positions which are to be exchanged into other currencies. Until these positions are settled, their home currency value may be impaired by unfavorable parity changes. There exist four possibilities by which transaction exposure may arise (Eiteman 2007): When prices are stated in foreign currencies and the firm decides to purchase or sell goods or services. When borrowing or lending funds while contractual agreements on repayment are to be make in a foreign currency. When becoming a party to an unimplemented foreign exchange forward contract. When incurring liabilities or acquiring assets which are denominated in foreign currencies. The total transaction exposure consists of quotation exposure, backlog exposure and billing exposure, see figure 2.3: Figure 2.3 The life span of a transaction exposure Source: Eiteman et al., 2007 2.2.2 Economic Exposure The economic exposure, also called the operating exposure, measures any change in the present value of a company resulting from changes in future operating cash flows caused by unexpected changes in currency exchange rates. The analysis of economic exposure assesses the result of changing exchange rates on a companys own operations over coming months and years and on its competitive position in comparison with other companies. By measuring the effects on future cash flows related to economic exposure, the goal is to identify strategic moves or operating techniques that a company might wish to adopt in order to enhance its value in the face of unexpected exchange rate changes (Eiteman et al., 2007). Loderer and Pichler (2002) assert that firms often manage economic exposure by lending and borrowing in foreign currencies. He cites the following reasons for not hedging economic exposure: firms are unable to measure the size and the currency of future expected cash flows with much confidence, firms already hedge transaction exposure, firms consider that in the long term currency fluctuations offset each others. Surprisingly, the cost of hedging economic exposure is not an obstacle. 2.2.3 Translation exposure By consolidating its financial statements, a parent company with foreign operations must translate the assets and liabilities of its foreign subsidiaries, which are stated in a foreign currency, into the reporting currency of the parent firm. Basically, foreign subsidiaries must restate their local currency into the main reporting currency so the foreign values can be added to the parents reporting currency denominated balance sheet and income statement. The translation is usually used for measuring a subsidiarys performance(McInnes, 1971), providing accurate information for decision makers and investors (Ross, 1992; Bartov, 1995), and for both internal and external users (Sercu and Uppal, 1995). The common reason for translation from a foreign currency into the home currency is to meet the requirements of accounting regulations of home countries. External Hedging Methods As it is shown, the exposure to currency risk may involve current business transactions, future business transactions as well as financial statement translations. However, as there are factors or risk, so are there strategies for dealing with them. For companies, there are a number of external methods to use for the management of currency risk, namely the use of financial derivatives. The name derivative arises from the fact that the value of these instruments is derived from an underlying asset like a stock or a currency. By using these instruments it is possible to reduce the risks associated with the management of corporate cash flow, a method known as hedging. Financial market hedging instruments include (Butler, 2004): Fig 2.4: External Hedging Techniques 2.3.1 Foreign Exchange Forwards A foreign exchange forward is an agreement to buy or sell one currency at a certain future date for a certain price with a specific amount. It is the most common instrument used to hedge currency risk. The predetermined exchange rate is the forward exchange rate. The amount of the transaction, the transaction date, and the exchange rate are all determined in advance where the exchange rate is fixed on the day of the contract but the actual exchange takes place on a pre-determined date in the future. In major currencies, forward contracts can be available daily with maturities of up to 30, 90 or 180 days (Bodie Marcus 2008). A survey by Belk and Glaum (1990) indicates that the most common method used to hedge exchange rate risk is the forward contract. An empirical study of Pramborg (2002), also demonstrates that firms can be fully hedged with forward contracts. 2.3.2 Currency Futures In principle, a futures contract can be arranged for any product or commodity, including financial instruments and currencies. A currency futures contract is a commitment to deliver a specific amount of a specified currency at a specified date for an agreed price incorporated in the contract. The futures perform a similar function to a forward contract, but it has some major differences. Fig 2.5 Currency Futures The specific characteristics of currency futures include (Pike et.al., 1992): They are marketable instruments traded on organized futures markets. Futures can be completed (liquidated) before the contracted date, whereas a forward contract has to run to maturity. They are relatively inflexible, being available for only a limited range of currencies and for standardized maturity dates. The dealings occur in standard lot sizes, or contracts. They require a down-payment of margin of about 5 percent of the contract value, whereas forward contracts involve a single payment at maturity. Futures are usually cheaper than forwards contracts, requiring a small commission payment rather than a buy / sell spread. Table 2.1 provides a clearer summary of the major differences between forward and futures contracts. Table 2.1: Major Differences between Forward and Futures Contracts Forward Contracts Futures Contracts Customized contracts in terms of size and delivery dates Standardized contracts in terms of size and delivery dates Private contracts between two parties Standardized contracts between a customer and a clearing house Difficult to reverse a contract Contract may be freely traded on the market Profit and loss on a position is realized only on the delivery date All contracts are marked to market- the profit and loss are realized immediately. No explicit collateral, but standard bank relationship necessary Collateral (margins) must be maintained to reflect price movements Delivery or final cash settlement usually takes place. Contract is usually closed out prior to Maturity Source: Hull (2006), Moffett et al (2006) and Solnik and McLeavey (2004). 2.3.3 Currency options A foreign exchange option which is different from currency forward contracts and currency futures is to give the holder of the contract the right to buy or sell a certain amount of a certain currency at a predetermined price (also called strike or exercise price) until or on a specified date, but he is not obliged to do so. The seller of a currency option has obligation to perform the contract. The right to buy is a call; the right to sell, a put. There is option premium needed to pay by those who obtain such a right. The holder of a call option can benefit from a price increases (profit is the difference between the market price and the strike price plus the premium), while can choose not to excise when the price decreases (locked in loss of the option premium). Vice versa is for the holder of a put option. For the advantages of simplicity, flexibility, lower cost than the forward, and the predicted maximum losswhich is the premium, the currency option has become increasing popular as a hedging devise to protect firms against the exchange movements. Whenever there is uncertainty in the size of cash flows and the timing of cash flows, currency option contracts would be superior to traditional hedging instruments such as forward contracts and futures contracts. Grant and Marshall (1997) examined the extent of derivative use and the reasons for their use by carried out surveys in 250 large UK companies, found that a widespread use of both forwards and options(respectively 96% and 59%). The pointed that comparing to the primary reasons for the use of forwards were company policy, commercial reasons and risk aversion, a good understanding of instrument, and price were prominent while the primary reasons to use option for company management. 2.3.4 Currency Swaps Currency swaps are a hedging instrument for which two parties agree to swap a debt denominated in one currency for that in another currency. For example, an agreement between two firms to swap their debts of which one is denominated in Euro and that in US dollar (Leger and Fortin, 1994). In order to explain the use of currency of swaps, a Japanese firm that has exports to Australia is given as an example. The Japanese firm wants to protect its Australian-dollar receivables by using currency swap to match inflows in one currency with outflows in a foreign currency (natural hedging). Assuming the Japanese firm is not well recognized in the US financial markets, it may obtain funds from a domestic bank to swap with another firm that has dollar-denominated debt. This process is carried out by the swap dealers (usually banks) as an intermediary. The common objective of this type of transaction is that firms want to alter various future currency cash flows in its schedules into a particular currency for which its future revenues will be generated (Eiteman et.al 1998). The preference of particular currency is caused by several factors, such as, capital market segmentation, differences in regulation governing investment by institutional investors and asymmetry in the tax treatment of interest income and capital gains/losses (Jacque 1996). Although there are other types of swaps involving foreign currencies, such as, foreign currency forward swaps, plain vanilla, and a three-way back-to-back currency swap, they are designated primarily for hedging interest rate exposure. 2.4 Internal hedging methods For the reason that external hedging techniques with derivatives to manage foreign exchange exposure are often costly, many multinational firms would rather turn to consider using internal hedging devices such as Michael (2006): Currency matching, which involves pairing suitably a multinational firms foreign currency inflows and outflows with respect to amount and timing Currency netting, which involves the consolidated settlement of receivables, payables and debt among the subsidiaries of a multinational firm Invoicing in domestic currency, which reduces transaction risk primarily related to exports and imports. 2.5 Fundamental Philosophy behind Hedging We have presented that authors embrace hedging as insurance, and hedging as a value-enhancing tool. We believe the common view of hedging can be summarized as follows: Hedging is one of the three most fundamental reasons for the existence of the financial market, alongside speculative and arbitrage activities (JÃ ¼ttner, 2000). The hedging industry is evolving just like the rest of the business world. In fact, there is no definite set of tools or technique that can define hedging. As the world changes, new hedging mechanisms are derived; and as time passes, these mechanisms are refined and evolve into something new that can be better applied to the contemporary commercial marketplace (Batten et al, 1993; Faff and Chan, 1998; Alster, 2003;). Hedging is not a way of making money, but to assist management in better managing corporate revenue through reducing the corporate exposure to volatility in the foreign currency markets (Nguyen and Faff, 2002, 2003a; Anac and Gozen, 2003; Alster, 2003; De Roon et al., 2003; and Dinwoodie and Morris 2003). When used prudently, hedging can be effective insurance as well as a value-enhancing exercise for corporations. Effective hedging programs have been proven to allow corporations to minimize or transfer their foreign currency exposure. The diminished exposure to foreign currency fluctuations allows more stable and predictable cash-flows, notably in terms of revenue. As a result, firms are then capable of making more comprehensive financial plans, including more reliable estimations on tax, income after tax and dividends payable to shareholders. It is believed that a dividend payout is often of significant appeal to long-term, current or prospective shareholders (Nguyen and Faff, 2002, 2003b; Alster, 2003; Anac and Gozen, 2003; De Roon et al., 2003; and Dinwoodie and Morris, 2003). The three main questions surrounding hedging: when, what and how to hedge are shown in Figure 2.2 below as a decision tree. How to Hedge? Hedge Ratio 10% 50% 100% OR Any Ratio between 0.1%-99.9% What to Hedge? When to Hedge? Financial Tools Forward Futures Options Swap Hedge Under Currency Risk Exposure Non-Financial Tools Leading Lagging Fully participating market movements No Hedge Fig 2.7 Generic Hedging Decision Tree The question to hedge or not to hedge is a complex and controversial one in financial risk management. Natural hedges carry no explicit out of pocket cost and intrinsically form a better offset to economic exposures and so generally are preferred to synthetic hedges. Synthetic hedging can be likened to insurance, where the company incurs an explicit cost to reduce the risk or volatility inherent in its business results. The cost must be weighed against the risk-reducing benefits of the transactions, taking into account their precision and effectiveness. The real drivers of any hedging decision are 1) what is the risk tolerance of the company; and 2) what cost is acceptable for entering into transactions to reduce or eliminate the risk. Foreign currency-denominated activities engaged by Indian Exporters Expected payments of foreign exchange from trade Expected receipts of foreign exchange from trade Liabilities Assets Debt Debt Equity Net trade foreign exchange exposure (before derivates) Net balance sheet foreign exchange exposure (before derivatives) Foreign exchange Derivatives Net foreign exchange exposure (after derivatives) Fig 2.8: Decision to Hedge Foreign Currency Exposures Some managers feel strongly that hedging either should always be done or never done, and their approaches vary tremendously. Indeed, there is an academic perspective that hedging is never appropriate since risks like FX exposure represent diversifiable risks from the shareholder perspective, and thus, the cost is wasted effort for shareholders. Some managers share this view, but most multinational businesses of significant size engage in some financial hedging transactions. Major arguments for and against hedging are displayed in Table 2.2 Table 2.2: Theoretical Arguments on Hedging For Against Managing earnings volatility for FX risk can reduce a firms potential cost of financial distress. PPP and CIP imply compensating levels of FX rates and prices. Firms in financial distress face higher contracting costs with customers, suppliers, and employees. FX rates even out over time. Firms that hedge and reduce their earnings volatility pay less taxes over the long run if tax rates increase the income levels. With transactions costs, hedging is a losing bet on average. Managing FX risk and smoothing earnings volatility has a positive effect on stock price and shareholder value. Shareholders can diversify their own portfolios to compensate for FX risk.

Ian Wilmut and the Cloning of Dolly Essay -- Science Genetics Papers

Ian Wilmut and the Cloning of Dolly Definitions of creativity vary based on different people’s interpretations, yet most people agree that creative individuals produce new ideas that can completely change or invent a domain. According to Howard Gardner, creativity is not limited to a single domain, but is unique for all seven domains. Creativity is based on three core elements: the relationship between the child and the master, the relationship between an individual and the work in which he/she is engaged, and the relationship between the individual and others, such as family and friends (Gardner, 9). I believe that Ian Wilmut is a creative master in the logical mathematical domain because in July 1996, he completely changed his field by successfully cloning the Finn Dorset lamb, Dolly, from an adult cell. Since I am a pre-med or pre-vet zoology major, Wilmut’s discovery has truly inspired me and has exposed me to the endless possibilities in genetic engineering and medical research. Ian Wilmutâ€⠄¢s controversial discovery stunned the world by proving that cloning from an adult cell is possible and it opened doors to future cloning research. His dexterous discovery has shown potential for human cloning and supports the fact that Ian Wilmut is a master in the Logical-mathematical and Naturalist domain because of his scientific and genetic impact on the world. Ian Wilmut’s discovery is so significant and undoubtedly warrants him as a master in the scientific world as well as in the logical mathematical intelligence. In order to clone Dolly, Ian Wilmut invented an extremely complex process. Click here for a pictorial summary of the cloning process. Prior to Wilmut’s shocking revelation, most scientists were sure that succ... ...ids. Internet. 3 May 2000. â€Å"Professor Ian Wilmut.† BBSRC News and Events. Oct. 1999. 23 Nov. 2001 http://www.bbsrc.ac.uk/news/features/99oct/99_10_record.html â€Å"Roslin Institute, Edinburgh.† 2000. 23 Nov. 2001 www.roslin.ac.uk. â€Å"Somatic Cell Nuclear Transfer Tutorial.† 22. Nov. 2001 http://www.molbio.princeton.edu/courses/mb427/2001/projects/09/transfertutorial.htm. Travis, John. â€Å"Cloning Hearing Creates Media Frenzy. Science News 160: Aug. 18, 2001. 4 Dec. 2001 http://www.sciencenews.org/20010818/note11.asp Travis, John. â€Å"Dolly Was Lucky.† Science News 160: Oct. 20, 2001. 4 Dec. 2001 http://www.sciencenews.org/20011020/bob15.asp Wills, Christopher. â€Å"A Sheep in Sheep’s Clothing?† Discover Jan. 1998: 22-23. Wilmut, Ian. â€Å"Cloning For Medicine.† Scientific American. Dec. 1998: 58-63+. Wilmut, Ian. â€Å"Dolly’s False Legacy.† Time. 11 Jan. 1999:74-77.

Of Mice and Men The End Analysis Essay

â€Å"What happens at the end of this novel shows that Steinbeck’s view of life is a pessimistic and negative one.† By the end of the novel tragedy struck the hopeful couple Lenny and George, as once again Lenny have â€Å"done a real bad thing.† He accidentally killed his little puppy, not knowing that it would â€Å"get killed that easily†. It really wasn’t his fault, for it â€Å"ain’t little as mice†, though it â€Å"wasn’t big enough† of a puppy either to be kept outside its mother’s reach. And if that wasn’t bad enough, on that same day he viciously killed Curley’s wife. In the barn she was consoling her loneliness by talking to Lenny in a â€Å"passion of communication†. With pleasure she talks of her dreams and of her life, about how her life would be if she â€Å"made somethin’ of herself†. How she was said to be a â€Å"natural† in movies and how her â€Å"ol’ lady stole† letters from a guy she knew that â€Å"was in pitchers†. Her dream dies as with her body as Lenny tries to shut her up. Not knowing his own strength he breaks her neck after she struggles to break free, and â€Å"her body flopped like a fish†, as Curley did when he tried to let go of his hand from Lennie’s strong grasp. As soon as Candy and George discovers the unlawful act that Lenny has done, they try to reason with his actions and find the best action that should be taken against him. Pessimistically George wants to â€Å"get ‘im an’ lock ‘im up†, for his own good so he won’t â€Å"starve† to death. In the end George decided to kill Lenny, for he thinks that if anyone should lynch Lenny, it should him that would kill Lenny, mercifully. I agree with the statement that Steinbeck’s opinion on life by the end of the novel is a pessimistic and negative point of view. By pessimistic I mean that he has a tendency to stress the adverse aspects of a situation, in this case expecting the worst possible outcome in life. Negative, meaning he expresses denial, refusal, prohibition, bad, or evil things in general. The ending of this novel in my opinion is very tragic, having three deaths occur in one day which not only does it represents physical death, but also emotional death. I see death as the negative side to life, but then again death can be seen as something positive, as religion tells us of something called heaven, which for Lenny might be â€Å"tending rabbits† and â€Å"live off the fatta the land.† On page 112 where George describes the perfect life: â€Å"Ever’body gonna be nice to you. Ain’t gonna be no more trouble. Nobody gonna hurt nobody nor steal from ’em†, it is all positive things. But the fact that Lenny had to imagine it means that he can’t see it with the naked eye, therefore it does not exist in reality, leaving reality with the opposite of that imagination of the perfect life which is the negative things. I believe the puppy represents the death of trust and responsibility in the companionship between Lenny and George. George trusted Lenny to take care of his puppy, but once again Lenny acted irresponsible, not listening to Slim’s and George’s advice to not take away the pup from its mother. This is why Lenny was very nervous after the dog gets killed. He was afraid â€Å"maybe George ain’t gonna let me (Lenny) tend no rabbits†, that George would lose his trust on Lenny. He was afraid that George would pass a negative judgement on Lenny. The death of Curley’s wife I say would mean the death of the innocent. I thought she was caught in the middle of life in the 1930’s where her gender was discriminated against, and as a wife she should stay at home â€Å"where she belongs†. I feel pity for her living on a ranch where there aren’t many other women around. As her husband prohibits her to talk to other men, people might find her as â€Å"trouble†, â€Å"jail-bait†, one that â€Å"conceals nothing†. Lennie’s death, the climax of the novel situated at the end of the novel is very important. His death expresses the death of true friendship between George and Lenny, unlike the other migrant workers relations. The death of Candy’s dream of having a place he can call his own, the death of Crook’s hope to be treated as equal, as a human being and also as a friend. The relationship between George and Lenny are different from other guys. â€Å"We got each other†, not like other guys who â€Å"ain’t got nobody in the worl’ that gives a hoot in hell about ’em†. Lenny and George get a sense of security out of this. This may be considered a luxury for any other migrant workers. Candy who is old and weak also yearns for security. â€Å"Jus’ as soon as I can’t swamp out no bunk – houses they’ll put me on the county†, shows how he is afraid of his future, how if he’s unemployed with no permanent residence and what would happen if he would be left out in the streets. He was deeply stricken with sadness, as â€Å"his eyes were blinded with tears† and how he just â€Å"lay down in the hay and covered his eyes with his arm†. Crooks who tries to â€Å"conceal his pleasure with anger† as Candy and Lenny both were guests at his bunk, is a man who lost all his pride and dignity because of racism. People degrade him in a level so low that he has no more self-confidence or even self-respect. With the coming of Candy and Lenny he gained them piece by piece. For a moment he felt to be part of something in Lennie’s â€Å"dream†, how he hoped to live a better life where people would treat him with the respect that he deserves. All is but a memory once Lenny is killed, no chance the dream would come true. I’d think everybody would just go their separate ways, living their lives in a straight line, hardly ever cross. Steinbeck’s style of writing noticed in the description of nature on chapter 6 is far more violent than described in the beginning of the novel. â€Å"A silent head and beak lanced don and plucked it out by the head, and the beak swallowed the little snake while its tail waved frantically. But one could argue that his negative view on life already started from the beginning of the novel. The title â€Å"Of Mice and Men† which is taken from a poem by Robert Burns says that no matter how you plan something, something always goes wrong. George expected the worst possible outcome, being pessimistic of Lennie, by foreshadowing him to get in trouble. If you look in the positive way, the end can also mean a new beginning.

The Historical Development of Counselling

1. 1 Explain the historical development of Counselling Counselling and Psychotherapy began in the early 18th century. The shift in how society dealt with mental health issues came about primarily due to the advent of the popularisation of science through the beginning of the industrial revolution. Society became increasingly transient and anonymous and the responsibility for behaviour became from the individual rather than from the community as a whole. In the 1880’s Sigmund Freud developed a theory about the unconscious mind and went on to create psychoanalysis. Many therapists have been influenced by Freud and gone on to develop his theories. Freud collaborated with a number of analysts and set up the Vienna Psychoanalytic society. Notable amongst these is Carl Jung who developed Psychodynamics and focussed on dream analysis. Alfred Adler who’s most famous concept was the inferiority complex and also Otto Rank who was the secretary of the society. B. F Skinner was also influenced by Freud’s work. Skinner rejected the notion of the ‘psyche’ and developed his own theory called ‘radical behaviourism’ which is essentially the science of behaviour. Abraham Maslow developed the theory of a * Hierarchy of Human Needs (1943) Maslow believed that there where a set number of needs which had to be met before the client was able to achieve self actualisation, a term meaning the client reaching their full potential. Carl Rogers was the main proponent of person centred therapy which began in the 1940’s. This approach was Humanistic and saw the client rather than the therapist as the expert of their life. Person centred therapy believes the client holds the answers and has the power of autonomy. The counsellor is there to help facilitate this process by use of the core conditions. This humanistic approach relies less on medical knowledge and training and more on lay analysis. The principles of humanistic medicine are communication, respect and also an emotional connection between counsellor and their client. 1. 2 Explain the philosophical basis of Person Centred Counselling. The basis of the person centred approach is an optimistic outlook of individuals and a belief that people have the ability and inner resources to be able to resolve their own issues and move forward in a positive direction. It believes that all humans are innately social and constructive beings and that we are all motivated to seek the truth. We also directed by our need for self esteem Each individual’s behavior is influenced by how they perceive themselves. We are all trying to develop and be the best that we can be, and this process is guided by internal and external forces. By using the core conditions of Congruence, unconditional positive regard and empathy the counsellor is able to develop a therapeutic relationship with the client. This relationship should be based on equality and the counsellor should provide a safe environment in which the client is empowered to explore their self perception and achieve greater self awareness. This self awareness will enable the client to become secure in their self concept and go on to enable them to fulfill their full potential. 1. 3 Explain the key concept principles of Person Centred Counselling The main principles of Person Centred Counselling include a right to autonomy. No advice or guidance should be given by the counsellor as the client has the ability to self actualise and find their own answers. The ability to discover themselves achieves beneficial long term results as the client will learn how to look at their own feelings and actions in the future and become self sustaining. Rogers demonstrates a 7 Stage process of change to attempt to clarify how the client moves forward during the counselling process. At the beginning of the counselling the client will feel defensive and rigid in their thoughts. The will have poor self-awareness and have trouble recognising feelings. As the therapy continues they will undergo a graduate change encompassing the following stages. * Personal Constructs- Conditions thought of as facts and not open to change. * Internal Dialogue. A fear or avoidance of internal conversations and the client is fearful of ‘thinking too much’. * Expression. Client fearful and uncomfortable in expressing themselves * Differentiation and elaboration of experience. Clients start back seeing things in a very black and white manner with no grey areas. This change during the counselling process. * Perception of problems. Clients start off believing it is other people that have the problem but gradually come to terms with their own issues and no longer fear them. * Attitude to change. The client goes from not believing they can or should change to being open to and even relishing the possibility. * Bodily Changes. The client will have less physical symptoms of unhappiness such a headaches, irritability etc. Their feeling of contentment will manifest themselves and a healthier outlook. It needs to be recognised that every client is individual and there is no guarantee how they will go about the therapeutic process. These stages should only be looked as a guide to some of the steps the client may take. 1. 4 Explain how Person Centred Counselling would inform the practice of a qualified trained counsellor By creating a therapeutic environment in which the client feel safe to be entirely honest and open about their thoughts and feelings we can enable the client to be become self actualised and able to find a way to move forward. In order to create this environment we need to offer the client warmth, respect and a safe place where they can openly explore themselves. This offering of unconditional positive regard will enable the client to feel accepted and understood and this will encourage them to practice full self disclosure without any fear of judgement or rejection. The counsellor needs to be aware of the clients anxiety and able to enter the clients own world and develop and understanding of it. Rogers wrote *‘ It (empathy) means temporarily living in his/her life, moving about in it delicately without making judgements, sensing meanings of which he/she is scarcely aware, but not trying to uncover feelings of which this person is totally unaware, since this would be too threatening. This feeling of empathy with what the client is experiencing and ability demonstrate this understanding to the client will build a reassurance within the client that we have a deep emotional awareness of what they are experiencing. In order to achieve these conditions we firstly need to establish congruence. Rogers states ** ‘personal growth is facil itated when the counsellor is what he is, when the relationship with his client is genuine and without â€Å"front† or â€Å"facade† , openly being the feelings and attitudes which at that moment are flowing in him. The counsellor should be able to be genuine and open with their feelings and understanding and be able to demonstrate this transparency to the client during their relationship. 1. 5 Explain how the chosen model influences the understanding of the development of the self concept. The Organismic self is an internal evaluation system we are all born with. It gives us an innate awareness of how to sustain wants and needs. The organismic self has the following traits. * Spontaneous /creative/fluid * self-perpetuated/ regulated self-directing- Knows how to drive forward to goal * self-maintaining- How to keep safe and well * self-enhancing- Knows what gives pleasure * self-replicating This system is defined by Rogers as the internal locus of evaluation and can be defined in the following way: * How you feel about right/wrong- good/bad- what you want/don’t want * This is an image of the ideal self and how you perceive you should think/act *1980 – p142 **Person to Person â€⠀œ p90 As we mature we interact more with other people and our valuing system begins to change. In order to gain approval and acceptance from people around us we adapt our behaviour. The first example of this will usually be as a child trying to please and parent or guardian and may extend to family, friends, colleagues and society as whole as we get older. We develop a self concept which is how we would like to be perceived by others and is based on what we feel we should be like in order to gain love and acceptance. Rogers defines these changes as the external locus of evaluation and is: * Driven by other individuals/society Creates ideal self what how you perceive you should be * Needs approval from others to gain love an acceptance * Conditions of worth- Acting in a certain way to be loved By living with this self concept we can feel lost and conflicted about who we are. Our sense of worth is based on how we perceive other people to be reacting to us and we can develop a reliance on a need to please others in order to value ourselves. Person centred counselling aims to get the client to recognise their own inner feelings and to re-introduce them to their organismic self. By doing this we can hope to achieve wherein the Organismic self and the Self Concept overlap and we are able to live to our full potential. 1. 6 Explain why it is important to have an understanding of a therapeutic model before using its methods and techniques Unless the therapeutic model is used then a counsellor would be unable to work with the core conditions and may be unable to demonstrate congruence, unconditional positive regard and empathy. All these are vital in order for the client to feel comfortable and able to share their innermost thoughts and feelings. It is vital the counsellor and client have an awareness of professional boundaries and the counsellor has sufficient knowledge and insight to ensure the client is not left in an unsafe position. By ensuring the rules are clearly defined and the beginning of the process through the use of a contract the client will be fully aware of what they can expect from the counselling. For example, the client needs to be made aware they will not be receiving advice and they will be expected to find their own answers. The management of the expectations of the client will prevent them from feeling frustration with the counsellor and also give them a greater insight into the therapeutic process. The counsellor needs a full understanding of all the stages of the process of change in order to move the client forward and have awareness when the counselling has reached its natural conclusion. This will enable to the client to move on and not develop and over reliance on the therapy sessions. By ensuring the above conditions are met the counsellor has a solid base in which to begin the counselling and ensure the client has a positive experience.